top MSO — Annual Report 2026

Apr 29, 2026

Stock Code: 6464

Taiwan Optical Platform Co., Ltd. and its Subsidiary

Consolidated Financial Statement and Independent Auditors’ Report

2025 and 2024

Address: 6F-6, No. 201, Section 2, Wenxin Road, Xitun District, Taichung City, 407 Telephone: (04)3705-0000

Notice to Reader:

For the convenience of readers, this report has been translated into English from the original Chinese version, prepared and used in the Republic of China. The English version has not been audited or reviewed by independent auditors. If there are any discrepancies between the English version and the original Chinese version, or any difference in the interpretation of the two versions, the Chineselanguage report shall prevail.

～ 1 ～

Declaration

For the year 2025 (from January 1 to December 31, 2025), the companies required to be included in the preparation of the consolidated financial statements of affiliated enterprises in accordance with the “Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises”, are identical to those required to be included in the consolidated financial statements of the parent and subsidiaries in accordance with International Financial Reporting Standard 10 as endorsed by the Financial Supervisory Commission. The relevant information required to be disclosed in the consolidated financial statements of affiliated enterprises has already been included in the aforementioned consolidated financial statements of the parent and subsidiaries. Therefore, separate preparation of the Consolidated Financial Statements of Affiliated Enterprises is not required.

This is hereby declared

Company Name: Taiwan Optical Platform Co., Ltd.

Chaiman: Liao, Tzu-chen Date: March 06,2026

～ 3 ～

Independent Auditors’ Report

To Taiwan Optical Platform Co., Ltd.

Audit Opinion

We have audited the accompanying consolidated balance sheet of Taiwan Optical Platform Co., Ltd. and its subsidiaries (collectively referred to as “top group”) as of December 31, 2025, and 2024, and the related consolidated statements of comprehensive income, changes in equity, and cash flows for the year ended December 31, 2025 and 2024, as well as the notes to the consolidated financial statements (including a summary of significant accounting policies).

In our opinion, the consolidated financial statements mentioned above have been prepared, in all material respects, in accordance with the Financial Reporting Standards for Securities Issuers and the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), Interpretations, and Announcements approved and issued by the Financial Supervisory Commission. These financial statements adequately present the consolidated financial position of top group as of December 31, 2025, and 2024, and its consolidated financial performance and cash flows for the period from January 1 to December 31, 2025 and 2024.

Basis for Opinion

We conducted our audit in accordance with the “Regulations Governing Auditing and Certification of Financial Statements by Certified Public Accountants” and auditing standards generally accepted in 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 top group in accordance with the Certified Public Accountant Code of Professional Ethics 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 2025. 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. The key audit matter we have determined to communicate in our report is as follows:

• Impairment Assessment of Goodwill, Franchise Rights, and Customer Relationships

Please refer to Note IV(XIII) “Impairment of Non-financial Assets” for the accounting policy related to asset impairment; Note V for the accounting assumptions and estimation uncertainties of impairment assessments. See Notes VI(X), (XI), and (XII) for related disclosures.

～ 4 ～

Description of Key Audit Matter:

top group recognized goodwill, franchise rights, and customer relationships mainly arising from acquisitions in the cable television industry to enhance competitiveness. As of December 31, 2025, the amounts were NT$8,103,793 thousand, NT$3,500,000 thousand, and NT$1,034,333 thousand, respectively, collectively representing 69% of total consolidated assets and considered material to the financial statements. Management evaluates the impairment of these assets by comparing their recoverable amounts with their carrying amounts. The evaluation involves identifying cash-generating units, selecting valuation methods, determining key assumptions, and calculating recoverable amounts—requiring significant management judgment and estimation. Therefore, we identified this as a key audit matter.

Audit Procedures Performed in Response:

1. We assessed the competence, capabilities, and objectivity of the external independent valuation specialists engaged by management, verified their qualifications, discussed their scope of work and reviewed engagement terms to ensure no limitations or impairments to their objectivity. We also confirmed that the valuation methodologies applied were in accordance with IFRS and industry practices.

2. We reviewed the process and basis by which management estimated future operating cash flows, sales growth rates, and profit margins of the respective cash-generating units to assess the reasonableness of key assumptions.

3. With the assistance of internal valuation experts, we evaluated the valuation models and key assumptions used by management, including the discount rates, to assess the reasonableness of the underlying data.

Other Matter

Taiwan Optical Platform Co., Ltd. has prepared its parent company only financial statements for the years ended 2025 and 2024, which have been audited by us, and we have expressed unmodified opinion thereon for reference.

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 the IFRSs endorsed by the FSC, and for maintaining the necessary internal control relevant to 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 top 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 top 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 financial reporting process of top group.

～ 4-1 ～

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 auditing standards 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 auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

1. 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.

2. 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 top group’s internal control.

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

4. 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 top 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 report. However, future events or conditions may cause top group to cease to continue as a going concern.

5. 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.

6. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within top 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.

7. Matters communicated with those charged with governance include the planned scope and timing of the audit and

8. significant audit findings, including any significant deficiencies in internal control identified during the audit.

～ 4-2 ～

We also provide governance bodies with a declaration that we have complied with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China regarding independence, and to communicate with them all relationships and other matters that may possibly be deemed to impair our independence (including relevant preventive measures).

From the matters communicated with those charged with governance, we determined the key audit matters for the audit of the consolidated financial statements of Taiwan Optical Platform Co., Ltd. and its subsidiaries for the year ended 2025. We described these matters in our auditor’s 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.

KPMG Taiwan

Yen-Hui, Chen

CPA:

Tzu-Hsin, Chang

Approval Number of Certified Financial Supervisory Commission Financial Statements by the ： Approval No. 1110333933 Securities Authority: Financial Supervisory Commission Approval No. 0940100754 March 06, 2026

～ 4-3 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Consolidated Statement of Financial Position

December 31, 2025 and 2024

Unit: NT$ Thousand

Assets Current Assets: 1100 Cash and cash equivalents (Note VI(I)) 1110 Financial assets at fair value through profit or loss – current (Note VI(II)) 1120 Financial assets at fair value through other comprehensive income – current (Note VI(III), and VIII) 1136 Financial assets at amortized cost – current 1140 Contract assets – current (Note VI(XXIII)) 1150 Notes receivable (Note VI(IV), (XXIII), and VIII) 1170 Accounts receivable (Note VI(IV), (XXIII), and VII) 1200 Other receivables (Note VII) 1220 Income tax assets for the period 130X Inventories 1470 Other current assets (Note VI(XIII), VII, and VIII) Non-current Assets: 1510 Financial assets at fair value through profit or loss – non-current (Note VI(II)) 1517 Financial assets at fair value through other comprehensive income – non-current (Note VI(III) and VIII) 1550 Investments accounted for using the equity method (Note VI(V) and VIII) 1600 Property, plant, and equipment (Note VI(VIII), VII, and VIII) 1755 Right-of-use assets (Note VI(IX) and VII) 1791 Intangible assets (Note VI(X)) 1805 Goodwill (Note VI(XI)) 1821 Other intangible assets (Note VI(XII)) 1840 Deferred tax assets (Note VI(XX)) 1920 Refundable deposits (Note VII and VIII) 1975 Net defined benefit assets – non-current (Note (XIX)) 1990 Other non-current assets (Note VI(XIII) and VIII) Total Assets	2025.12.31 Amount ％ $ 1,073,749 6 5,300 - 11,516 - 3,500 - 7,214 - 56,309 - 218,095 1 11,809 - 1,716 - 110,204 1 268,966 2	2024.12.31 Amount ％ 1,210,625 7 5,219 - 11,850 - 3,500 - 11,217 - 64,500 1 248,866 1 15,403 - 5,375 - 62,721 - 335,975 2 1,975,251 11 - - 53,974 - 784,442 5 1,935,112 10 68,477 - 3,500,000 19 8,218,696 44 1,158,790 6 101,097 1 126,520 1 23,160 - 584,921 3 16,555,189 89 18,530,440 100 Liabilities and Equity Current Liabilities: 2102 Bank loans (Note VI(XIV) and VIII) 2130 Contract liabilities – current (Note VI(XXIII) and VII) 2150 Notes payable 2170 Accounts payable (Note VII) 2200 Other payables (Note (XV) and VII) 2230 Income tax liabilities for the period 2280 Lease liabilities – current (Note VI(XVIII) and VII) 2320 Current portion of long-term borrowings (Note VI(XVI) and VIII) 2321 Current portion of bonds payable (Note VI(XVII)) 2399 Other current liabilities (Note VII) Non-current Liabilities: 2540 Long-term borrowings (Note VI(XVI) and VIII) 2570 Deferred tax liabilities (Note VI(XX)) 2580 Lease liabilities – non-current (Note VI(XVIII) and VII) 2640 Net defined benefit liabilities – non-current (Note VI(XIX)) 2645 Deposits received (Note VII) Total liabilities Equity Attributable to Owners of the Parent(Note VI(III) and (XXI)): 3110 Common stock 3200 Capital surplus Retained earnings 3310 Legal reserve 3320 Special reserve 3350 Unappropriated earnings 3400 Other equity 36XX Non-controlling interests (Note VI(VII)) Total Equity Total Liabilities and Equity	2025.12.31 Amount ％ $ 60,000 - 706,555 4 186,705 1 128,423 1 377,138 2 141,925 1 27,696 - 390,916 2 - - 30,744 -	2024.12.31 Amount ％ 50,000 - 716,271 4 177,997 1 123,723 1 426,505 2 118,292 1 41,681 - 384,608 2 449,868 2 15,856 -
			2,050,102 11	2,504,801 13
			6,939,005 38 263,632 2 20,949 - 8,977 - 353,824 2	6,848,371 37 286,139 2 27,100 - 14,145 - 353,693 2
	1,768,378 10
	- - 64,903 - 691,951 4 2,242,547 12 48,492 - 3,500,000 19 8,103,793 44 1,039,428 6 100,815 1 131,343 1 34,031 - 490,253 3
			7,586,387 42	7,529,448 41
			9,636,489 53	10,034,249 54
			1,287,815 7 3,431,908 19 1,241,933 7 - - 2,167,492 12 2,951 - 8,132,099 45	1,256,131 7 3,437,282 19 1,195,297 6 294,235 2 1,852,658 10 5,086 - 8,040,689 44
			447,346 2	455,502 2
	16,447,556 90		8,579,445 47	8,496,191 46
	$ 18,215,934 100		$ 18,215,934 100	18,530,440 100

(Please refer to the attached notes to the consolidated financial statements). Manager: Liao, Jen-Nan

Chairman: Liao, Tzu-chen

Accounting Manager: Lin, Shu-ling

～ 5 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Consolidated Statement of Comprehensive Income January 1 to December 31, 2025 and 2024

Unit: NT$ Thousand

4000 Operating revenue(Note VI(XXIII), VII, and XIV) 5000 Operating cost(Note VI(XIX) and VII) Gross profit Operating Expenses(Note VI(IV),(XVIII), (XIX), (XXIV), and VII): 6100 Promoting expenses 6200 Management expenses 6300 Research and development expenses Total operating expenses Operating income Non-operating income and expenses: 7020 Other gains and losses (Note VII) 7050 Financial costs (Note VI(XVIII), (XXV), and VII) 7060 Share of profit of associates accounted for using the equity method (Note VI(V)) 7100 Interest income (Note VII) 7140 Bargain purchase gain (Note VI(VI)) 7190 Other income (Note VII) 7670 Impairment losses (Note (V) and (XI)) 7900 Income before tax 7950 Income tax expense (Note VI(XX)) 8200 Net income for the period Other comprehensive income: 8310 Items not reclassified to profit or loss 8311 Remeasurement of defined benefit plans (Note VI(XIX)) 8316 Unrealized gains or losses on equity investments measured at fair value through other comprehensive income 8320 Share of other comprehensive income of associates accounted for using the equity method (Note VI(V)) 8349 Income tax relating to items not reclassified (Note VI(XX)) 8300 Other comprehensive income for the period 8500 Total comprehensive income for the period Net income attributable to: 8610 Owners of the parent 8620 Non-controlling interests Total comprehensive income attributable to: 8710 Owners of the parent 8720 Non-controlling interests Earnings per share(Note VI(XXII)) 9750 Basic earnings per share 9850 Diluted earnings per share	2025	％ 100 50	2024	％
	Amount $ 4,451,766 2,221,150		Amount 4,367,451 2,127,758
				100 49
	2,230,616	50	2,239,693	51
	455,066 591,026 -	10 13 -	368,599 592,132 3	8 14 -
	1,046,092	23	960,734	22
	1,184,524	27	1,278,959	29
	(8,398) (228,493) (37,365) 18,414 - 33,619 (163,018)	- (5) (1) - - 1 (4)	(3,927) (234,647) 2,868 21,903 17,591 57,751 (3,271)	- (5) - - - 2 -
	(385,241)	(9)	(141,732)	(3)
	799,283 235,006	18 5	1,137,227 219,748	26 5
	564,277	13	917,479	21
	11,317 3,950 (2,547) (2,544)	- - - -	26,820 (6,189) (2,755) (4,442)	- - - -
	10,176	-	13,434	-
	$ 574,453	13	930,913	21
	$ 541,338 22,939	12 1	879,078 38,401	20 1
	$ 564,277	13	917,479	21
	$ 550,250 24,203	12 1	890,225 40,688	20 1
	$ 574,453	13	930,913	21
	$	4.20		6.79
	$	4.19		6.78

(Please refer to the attached notes to the consolidated financial statements). Chairman: Liao, Tzu-chen Manager: Liao, Jen-Nan ～ 6 ～

Accounting Manager: Lin, Shu-ling

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Consolidated Statement of Changes in Equity

January 1 to December 31, 2025 and 2024

Balance as of January 1, 2024 Appropriation and Distribution of Earnings: Legal Reserve Special Reserve Cash Dividends on Common Stock Net income for the period Other comprehensive income for the period Total comprehensive income for the period Treasury Stock Repurchase Cancellation of Treasury Stock Changes in Ownership Interests in Subsidiaries Change in non-controlling interests Equity investments measured at fair value through other comprehensive income Balance as of December 31, 2024 Balance as of January 1, 2025 Appropriation and Distribution of Earnings: Legal Reserve Reversal of Special Reserve Cash Dividends on Common Stock Stock Dividends on Common Shares Net income for the period Other comprehensive income for the period Total comprehensive income for the period Treasury Stock Repurchase Cancellation of Treasury Stock Changes in Ownership Interests in Subsidiaries Net Change in Non-controlling Interests Equity investments measured at fair value through other comprehensive income Balance as of December 31, 2025				Equity Attributable	to Owners of the Parent				Unit: NT$ Thousand Non-controlling Interests Total Equity 413,242 8,285,841	Unit: NT$ Thousand Non-controlling Interests Total Equity 413,242 8,285,841
	Common Stock	Capital surplus		Retained earnings		Other Equity Items	Treasury shares -	Total Equity Attributable to Owners of the Parent
						Unrealized Gains and Losses on Financial Assets Measured at Fair Value through Other Comprehensive Income
			Legal reserve	Special reserve	Unappropriated Earnings
	$ 1,276,131	3,466,134	1,151,850	74,430	2,198,289	(294,235)		7,872,599	413,242	8,285,841
	- - -	- - -	43,447 - -	- 219,805 -	(43,447) (219,805) (548,736)	- - -	- - -	- - (548,736)	- - -	- - (548,736)
	-	-	43,447	219,805	(811,988)	-	-	(548,736)	-	(548,736)
	- -	- -	- -	- -	879,078 19,837	- (8,690)	- -	879,078 11,147	38,401 2,287	917,479 13,434
	-	-	-	-	898,915	(8,690)	-	890,225	40,688	930,913
	- (20,000) - - -	- (28,824) (28) - -	- - - - -	- - - - -	- (124,547) - - (308,011)	- - - - 308,011	(173,371) 173,371 - - -	(173,371) - (28) - -	- - (400) 1,972 -	(173,371) - (428) 1,972 -
	$ 1,256,131	3,437,282	1,195,297	294,235	1,852,658	5,086	-	8,040,689	455,502	8,496,191
	$ 1,256,131	3,437,282	1,195,297	294,235	1,852,658	5,086	-	8,040,689	455,502	8,496,191
	- - - 37,684	- - - -	46,636 - - -	- (294,235) - -	(46,636) 294,235 (414,523) (37,684)	- - - -	- - - -	- - (414,523) -	- - - -	- - (414,523) -
	37,684	-	46,636	(294,235)	(204,608)	-	-	(414,523)	-	(414,523)
	- -	- -	-	-	541,338 9,830	- (918)	- -	541,338 8,912	22,939 1,264	564,277 10,176
			-	-
	-	-	-	-	551,168	(918)	-	550,250	24,203	574,453
	- (6,000) - - -	- (8,647) 3,273 - -	- - - - -	- - - - -	- (32,943) - - 1,217	- - - - (1,217)	(47,590) 47,590 - - -	(47,590) - 3,273 - -	- - 1,032 (33,391) -	(47,590) - 4,305 (33,391) -
	$ 1,287,815	3,431,908	1,241,933	-	2,167,492	2,951	-	8,132,099	447,346	8,579,445

(Please refer to the attached notes to the consolidated financial statements). Manager: Liao, Jen-Nan

Chairman: Liao, Tzu-chen

Accounting Manager: Lin, Shu-ling

～ 7 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Consolidated Statement of Cash Flows

January 1 to December 31, 2025 and 2024

Cash Flow from Operating Activities: Pre-tax profit for the period Adjustments: Items affecting profit or loss Depreciation expense Amortization expense Expected credit impairment loss Net gain on financial assets measured at fair value through profit or loss Interest expense Interest income Dividend income Share of loss (profit) of associates accounted for using the equity method Loss on disposal of property, plant and equipment Loss on disposal of intangible assets Loss (Gain on reversal) for market price decline and obsolete and slow-moving Inventories Goodwill impairment loss Impairment loss on equity-method investments Lease modification gain Bargain purchase gain Total items affecting profit or loss Changes in assets and liabilities related to operating activities: Decrease in contract assets Decrease (Increase) in notes receivable Decrease in receivables (including related parties) Increase in other receivables (including related parties) (Increase) Decrease in inventory Decrease (Increase) in other current assets Decrease in contract liabilities Increase (decrease) in notes payable Increase in accounts payable (including related parties) (Decrease) Increase in other payables (including related parties) Decrease in provisions Increase (decrease) in other current liabilities Decrease in net defined benefit liabilities Total adjustments Cash inflow from operations Interest received Interest paid Income taxes paid Net cash inflow from operating activities Cash Flow from Investing Activities: Acquisition of financial assets measured at fair value through other comprehensive income Disposal of financial assets measured at fair value through other comprehensive income Acquisition of investments accounted for using the equity method Acquisition of subsidiaries (net of cash acquired) Acquisition of property, plant, and equipment Disposal of property, plant, and equipment Increase in deposits paid Decrease in deposits paid Acquisition of intangible assets Increase in other financial assets Decrease in other financial assets Increase in prepayments for equipment Dividends received Net cash outflow from investing activities Cash Flow from Financing Activities: Increase in short-term borrowings Decrease in short-term borrowings Repayment of corporate bonds Issuance of long-term borrowings Repayment of long-term borrowings Increase in guarantee deposits received Decrease in guarantee deposits received Repayment of lease principal Payment of cash dividends Repurchase of treasury stock Changes in non-controlling interests Net cash outflow from financing activities Net decrease in cash and cash equivalents for the period Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period	Unit: 2025 $ 799,283	NT$ Thousand 2024 1,137,227
	369,188 119,060 17,704 (81) 228,493 (18,414) (3,000) 37,365 192 719 (810) 114,903 48,115 (35) -	359,766 118,033 794 (76) 234,647 (21,903) (2,808) (2,868) - - 7,469 3,271 - (841) (17,591)
	913,399	677,893
	4,003 8,191 21,325 (4,788) (49,975) 68,368 (9,716) 8,708 4,700 (26,332) (49) 14,937 (4,722)	18,841 (299) 28,989 (5,558) 28,612 (105,316) (8,961) (22,308) 35,455 3,843 (5) (2,598) (5,904)
	948,049	642,684
	1,747,332 18,537 (217,771) (232,483)	1,779,911 21,908 (218,346) (290,710)
	1,315,615	1,292,763
	(11,097) 4,452 - - (633,679) 289 (35,117) 30,294 (104) - 83,406 - 11,770	(13,000) - (199,628) 62,826 (430,269) - (32,850) 28,881 (2,833) (86,018) - (11,262) 9,878
	(549,786)	(674,275)
	60,000 (50,000) (450,000) 800,000 (718,174) 14,998 (14,867) (49,158) (414,523) (47,590) (33,391)	- (55,000) - 1,020,000 (1,422,876) 18,922 (15,602) (41,821) (548,736) (173,371) (37,939)
	(902,705)	(1,256,423)
	(136,876) 1,210,625	(637,935) 1,848,560
	$ 1,073,749	1,210,625

(Please refer to the attached notes to the consolidated financial statements). Chairman: Liao, Tzu-chen Manager: Liao, Jen-Nan

Manager: Liao, Jen-Nan Accounting Manager: Lin, Shu-ling

～ 8 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries Consolidated Financial Statement notes

2025 and 2024

(Unless otherwise specified, all amounts are in NT$ Thousand.)

I. Company History

Taiwan Optical Platform Co., Ltd. (hereinafter referred to as "the Company") was established in August 2006, originally named Baoyue Investment Co., Ltd. The main business was general investment activities. On December 1, 2012, as the reference date for the merger, the Company incorporated its subsidiary Taiwan Optical Platform Co., Ltd. and changed its name to the present name. Furthermore, the Company's primary business activities were also revised to encompass investments, shareholding in cable television system operators, consultancy services, channel copyright representation, and other related endeavors.

The Company’s stock was approved for listing by the Taiwan Stock Exchange’s Review Committee in

September 2015 and approved by the Board of Directors in October, and was officially listed and traded in December 2015.

II. Date and Procedures of Financial Statement Approval

This consolidated financial report was approved for release by the Board of Directors on March 06, 2026.

III. Adoption of Newly Issued and Revised Standards and Interpretations

• (I) Impact of adopted new and revised standards and interpretations recognized by the Financial Supervisory Commission:

The consolidated company has adopted the following revised International Financial Reporting Standards (IFRSs) effective from January 1, 2025, with no material impact on the consolidated financial statements:

• Amendment to IAS 21: Lack of Exchangeability

• (II) Impact of not yet adopted IFRSs:

The consolidated company has evaluated the impact of the following revised IFRS, effective from

January 1, 2026, which is expected to have no material impact on the consolidated financial statements:

• IFRS 17 “Insurance Contracts” and Amendments to IFRS 17

• Amendments to IFRS 9 and IFRS 7 Amendments to the “Financial Instruments - Classification and Measurement"”

• Annual Improvements to IFRS Accounting Standards

• Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity”

～ 9 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(III) Standards and interpretations not yet approved by the FSC:

The International Accounting Standards Board (IASB) has issued and amended standards and

interpretations that have not yet been approved by the Financial Supervisory Commission (FSC), which may be relevant to the consolidated company as follows:

Newly issued or revised standards IFRS No. 18 "Presentation and Disclosure of Financial Statements"	Main amendments The new standard introduces three categories of income and expenses, two sub-totals in the income statement, and a single note on management performance measures. These three amendments enhance how information is categorized in the financial statements, providing users with better and more consistent information, which will affect all companies. ‧More structured income statement: Under current standards, companies use different formats to express their operating results, making it difficult for investors to compare financial performance across companies. The new standard adopts a more structured income statement, introduces a new "Operating Profit" subtotal, and requires all income and expenses to be classified into three new categories according to the company’s main business activities. ‧Management Performance Measures (MPMs): The new standard introduces the definition of management performance measures and requires the company to explain in a single note in the financial statements why each measure provides useful information, how it is calculated, and how the measure is reconciled with amounts recognized under IFRS. ‧More detailed information: The new standard includes guidance on how companies should enhance the grouping of information in the financial statements. This includes guidance on whether information should be included in the main financial statements or further detailed in the notes.	Effective date issued by the Board
		January 1, 2027 The Financial Supervisory Commission (FSC) issued a press release on September 25, 2025, announcing that Taiwan will adopt IFRS 18 starting from 2028. Companies may elect for early adoption upon approval by the FSC.

The consolidated company is currently evaluating the impact of the above standards and interpretations on the financial position and operating results. The related impact will be disclosed once the evaluation is completed.

The consolidated company expects that the following other newly issued and revised standards, which have not yet been approved, will not have a material impact on the consolidated financial report:

‧IFRS No. 10 and IAS 28 Amendments: "Sale or Contribution of Assets Between an Investor and its Associate or Joint Venture"

‧IFRS 19 “Subsidiaries without Public Accountability: Disclosures” and Amendments to IFRS 19

‧Amendments to IAS 21 “Translation into a Hyperinflationary Presentation Currency”

～ 10 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

IV. Summary of Significant Accounting Policies

The significant accounting policies adopted in the consolidated financial report are summarized as follows: The following accounting policies have been consistently applied to all periods presented in these consolidated financial statements.

(I) Compliance Statement

The consolidated financial statements are prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers (hereinafter referred to as the "Preparation Standards") and the International Financial Reporting Standards, International Accounting Standards, interpretations, and announcements recognized and issued by the Financial Supervisory Commission (FSC) (hereinafter referred to as "FSC-recognized IFRS Accounting Standards").

• (II) Basis of Preparation

• Measurement Basis

Except for the following key items in the balance sheet, the consolidated financial statements are prepared on a historical cost basis:

• (1) Financial assets measured at fair value through profit or loss

• (2) Financial assets measured at fair value through other comprehensive income

• (3) Net defined benefit liabilities (or assets), measured as the fair value of retirement fund assets less the

present value of defined benefit obligations and any effect of the asset ceiling as described in Note 4(17).

1. Functional and Presentation Currency

Each consolidated company uses the currency of the primary economic environment in which it operates as its functional currency. The consolidated financial statements are expressed in NT$, the functional currency of the consolidated company. All financial information expressed in NT$ is presented in thousands of NT$.

• (III) Consolidation Basis

• Principles of Consolidated Financial Statement Preparation

The preparation entity for the consolidated financial statements includes the Company and the entities controlled by the Company (i.e., subsidiaries). The Company controls an entity when it is exposed to variable returns from its involvement with the entity and has the ability to influence those returns through its power over the entity.

From the date control over a subsidiary is obtained, the subsidiary’s financial statements are included in the consolidated financial statements until the date control is lost. Transactions, balances, and any unrealized gains or losses between consolidated entities are fully eliminated during the preparation of the consolidated financial statements. The total comprehensive income of a subsidiary is attributed to both the owners of the Company and non-controlling interests, even if the non-controlling interests have a deficit balance.

The financial statements of subsidiaries have been appropriately adjusted to ensure their accounting policies are consistent with those used by the consolidated company.

～ 11 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Changes in the ownership interests in subsidiaries that do not result in the loss of control are accounted for as transactions with the owners. The difference between the adjustment amount of non-controlling interests and the fair value of the consideration paid or received is directly recognized in equity and attributed to the owners of the Company.

2. Subsidiaries Included in the Consolidated Financial Statements

The subsidiaries included in the consolidated financial statements are as follows:

Investment Company Name The Company The Company The Company The Company The Company The Company The Company The Company The Company Te-Chun Te-Chun ST media ST media ST media ST media Sin-Long Multimedia Co., Ltd. Sin He DIGITAL TECHNOLOGY CO. LTD. top LIGHT COMMUNICATIONS, CNT CATV, Chia-Lien Cable TV, Da-Tun Cable TV	Business Nature Subsidiary Name Te-Chun Co., Ltd. (Te-Chun.) Operator of cable television systems top Light Communications Co., Ltd. (top Light Communications) Operating cable television system operators CNT CATV TV Co., Ltd. (CNT CATV) Operating cable television system operators CCHIA-LIEN CABLE TV CORP. (CCHIA-LIEN) Operating cable television system operators DA-TUN CABLE TV CO., LTD. (DA-TUN) Operating cable television system operators Taiwan Infrastructure Network Technologies Co., Ltd. Telecommunication business, etc. SHINE TREND International Multimedia Technology (ST media) Broadcasting television advertising and program production, etc. Sin He Digital Technology Co., Ltd. Management consulting industry A-First Technology Co. Ltd. (A-First ) Wholesale and retail of telecommunications equipment, etc. HSIN YEONG AN CABLE TV CO., LTD. (HSIN YEONG AN ) Operating cable television system operators TA YANG CABLE TELEVISION CO., LTD (TA YANG) Operating cable television system operators Sin-Long Multimedia Co., Ltd. (Sin-Long) Television program production Sin-Chi Multimedia Co., Ltd. (Sin-Chi) General advertising CredereMedia General advertising MAYFAIR HOUSE CO., LTD. (MAYFAIR HOUSE) Retail business Futurist Advertising production Jiaxing Intelligent Technology Co., Ltd. General advertising Te-Chun Operator of cable television systems	Shareholding %	Shareholding %	Description
		2025.12.31 74.92% 98.94% 100.00% 98.94% 98.77% 100.00% 65.17% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 68.47% 58.48% - 75.00% 25.08%	2024.12.31
			74.92% 98.94% 100.00% 98.94% 98.77% 100.00% 65.17% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 67.38% 58.48% - 75.00% 25.08%	(1) (2)

(1): On May 31, 2024, ST media acquired 58.48% of the shares of MAYFAIR HOUSE CO., LTD., thereby obtaining control over the company. For the detailed disclosure of the acquisition, please refer to Note VI(VI).

(3): was dissolved pursuant to a resolution of the shareholders’ meeting on December 27, 2024, with such date as the dissolution date. The dissolution

registration was completed on January 13, 2025. However, as of the report date, the liquidation process has not yet been completed.

1. Subsidiaries not included in the consolidated financial statements: None.

～ 12 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

• (IV) Foreign Currency

Foreign currency transactions are translated into the functional currency at the exchange rate on the transaction date. At the end of each reporting period (hereinafter referred to as the reporting date), monetary items denominated in foreign currencies are translated into the functional currency using the exchange rate at that date. Foreign currency non-monetary items measured at fair value are translated into the functional currency using the exchange rate at the date when the fair value is measured. Non-monetary items measured at historical cost are translated using the exchange rate at the transaction date.

Foreign exchange differences arising from translation are generally recognized in profit or loss, except in the following cases where they are recognized in other comprehensive income:

1. For equity instruments designated to be measured at fair value through other comprehensive income;

2. For financial liabilities designated as hedges of net investments in foreign operations within the effective hedging range; or

3. For qualified cash flow hedges within the effective hedging range.

4. (V) Classification of Assets and Liabilities as Current or Non-Current

The consolidated company classifies an asset as current if it meets any of the following criteria. All other assets are classified as non-current:

1. It is expected to be realized within the normal operating cycle, or it is intended for sale or consumption;

2. It is primarily held for trading purposes;

3. It is expected to be realized within twelve months after the reporting period; or

4. It is cash or cash equivalents (as defined in International Accounting Standard 7), unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

The consolidated company classifies a liability as current if it meets any of the following criteria. All other liabilities are classified as non-current:

1. It is expected to be settled within the normal operating cycle;

2. It is primarily held for trading purposes;

3. It is due to be settled within twelve months after the reporting period; or

4. The Group does not have the right to defer settlement of the liability for at least twelve months after the reporting period.

～ 13 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

• (VI) Cash and Cash Equivalents

Cash includes cash on hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the above definition and are held for the purpose of meeting short-term cash commitments, rather than for investment or other purposes, are classified as cash equivalents.

(VII) Financial Instruments

Accounts receivable are initially recognized when they arise. All other financial assets and financial liabilities are initially recognized when the consolidated company becomes a party to the contractual terms of the financial instrument. Financial assets not measured at fair value through profit or loss (except for accounts receivable without significant financial components) or financial liabilities are initially measured at fair value plus transaction costs that are directly attributable to the acquisition or issuance of the instrument. Accounts receivable without significant financial components are initially measured at the transaction price.

1. Financial Assets

For purchases or sales of financial assets that are in accordance with customary trade terms, the consolidated company recognizes the financial assets in the same manner for all purchases and sales as of the trade date.

Upon initial recognition, financial assets are classified as: Financial assets measured at amortized cost, Equity instruments designated as measured at fair value through other comprehensive income, or Financial assets measured at fair value through profit or loss. The consolidated company will only reclassify financial assets from one category to another on the first day of the next reporting period if it changes its management model for such assets.

• (1) Financial Assets Measured at Amortized Cost

Financial assets are measured at amortized cost if they meet all of the following conditions and are not designated as fair value through profit or loss:

• ‧The financial asset is held under a business model whose objective is to collect contractual cash flows.

• ‧The contractual terms of the financial asset give rise to cash flows on specific dates that are solely payments of principal and interest on the outstanding principal amount.

Subsequent to initial recognition, these assets are measured at amortized cost using the effective interest method, adjusted for any accumulated impairment losses. Interest income, foreign exchange gains or losses, and impairment losses are recognized in profit or loss. Upon derecognition, any gains or losses are recognized in profit or loss.

• (2) Financial Assets Measured at Fair Value Through Other Comprehensive Income

At initial recognition, the consolidated company may make an irrevocable election to classify investments in equity instruments that are not held for trading as subsequently measured at fair value through other comprehensive income. This election is made on an individual instrument basis.

For equity instruments, subsequent changes in fair value are recognized in other comprehensive income. Dividend income (unless it clearly represents a return of part of the investment cost) is recognized in profit or loss. Other net gains or losses are recognized in other comprehensive income and are not reclassified to profit or loss.

Dividend income from equity investments is recognized when the consolidated company has the right to receive the dividend (usually on the ex-dividend date).

～ 14 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

• (3) Financial Assets Measured at Fair Value Through Profit or Loss (FVTPL)

Financial assets that are not measured at amortized cost or at FVTOCI (for example, assets held for trading and those managed on a fair value basis and whose performance is evaluated on a fair value basis) are measured at fair value through profit or loss. At initial recognition, the consolidated company may irrevocably designate financial assets that meet the conditions for measurement at amortized cost or FVTOCI as financial assets measured at fair value through profit or loss, in order to eliminate or significantly reduce a measurement inconsistency.

These assets are subsequently measured at fair value, and any net gains or losses (including dividends and interest income) are recognized in profit or loss.

• (4) Impairment of Financial Assets

The consolidated company recognizes an impairment allowance for expected credit losses on financial assets measured at amortized cost (including cash and cash equivalents, financial assets at amortized cost, notes receivable, accounts receivable, other receivables, refundable deposits, and other financial assets) as well as contract assets.

The following financial assets are measured for impairment loss at the 12-month expected credit loss (ECL) amount, while the rest are measured at the lifetime expected credit loss (ECL) amount: ‧Debt securities whose credit risk is low at the reporting date; and

‧Other debt securities and bank deposits whose credit risk (i.e., the risk of default occurring over the

expected life of the financial instruments) has not significantly increased since initial recognition.

The allowance for impairment losses on accounts receivable and contract assets is measured at the lifetime expected credit loss amount.

When assessing whether the credit risk has significantly increased since initial recognition, the consolidated company considers reasonable and supportable information (which is readily available without excessive cost or effort), including both qualitative and quantitative information, and performs an analysis based on the entity's historical experience, credit assessments, and forward-looking information.

If contract payments are overdue by more than 90 days, or if the borrower is unlikely to meet their credit obligations to the consolidated company in full, the entity considers the financial asset to have defaulted.

The lifetime expected credit loss refers to the expected credit loss over the entire expected life of the financial instrument.

The 12-month expected credit loss refers to the expected credit loss for events of default that may occur within the 12-month period after the reporting date (or a shorter period if the expected life of the financial instrument is shorter than 12 months).

The maximum period for measuring expected credit loss is the longest contract period the consolidated company is exposed to credit risk.

Expected credit loss is the probability-weighted estimate of credit losses over the financial instrument’s expected life. Credit losses are measured as the present value of all cash shortfalls, i.e., the difference between the contractual cash flows the consolidated company is entitled to receive and the expected cash flows the entity expects to collect. Expected credit losses are discounted using the financial asset’s effective interest rate.

～ 15 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

At each reporting date, the consolidated company assesses whether there is any credit impairment of financial assets measured at amortized cost. A financial asset is considered to be credit-impaired if one or more events have occurred that have a negative effect on its estimated future cash flows. Evidence of credit impairment of a financial asset includes observable data about the following:

‧Significant financial difficulties of the borrower or issuer;

‧Default, such as a delay or overdue payment of more than 90 days;

‧Economic or contractual reasons related to the borrower’s financial difficulties that result in concessions granted that would not otherwise be considered;

‧The borrower is likely to file for bankruptcy or undergo financial reorganization; or

• ‧The active market for the financial asset disappears due to financial difficulties.

The impairment allowance on financial assets measured at amortized cost is deducted from the carrying amount of the asset.

When the consolidated company no longer expects to recover the financial asset in full or in part, it directly reduces the carrying amount of the asset.

For individual accounts, the consolidated company’s policy is to write off the full carrying amount of the asset when overdue, based on similar asset recovery experience. For corporate accounts, the consolidated company analyzes write-offs on a case-by-case basis, based on whether it is reasonable to expect the recovery. The consolidated company does not expect significant reversals of any amounts written off. However, assets written off may still be subject to collection procedures to recover overdue amounts.

• (5) Derecognition of Financial Assets

The consolidated company derecognizes financial assets only when the contractual rights to the cash flows from the asset have expired, or when it has transferred the financial asset and substantially all the risks and rewards of ownership of the asset have been transferred to another entity, or when it has neither transferred nor retained substantially all of the risks and rewards of ownership and has not retained control over the financial asset.

If the entity retains substantially all the risks and rewards of ownership of a transferred financial asset, the financial asset is not derecognized and remains recognized on the balance sheet.

1. Financial Liabilities and Equity Instruments

2. (1) Classification of Liabilities or Equity

The company classifies debt and equity instruments it issues based on the substance of the contractual arrangement and the definitions of financial liabilities and equity instruments.

• (2) Equity Transactions

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The consideration received from issuing equity instruments is recognized in equity, net of direct transaction costs.

～ 16 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

• (3) Treasury Shares

When the company repurchases its own equity instruments, the consideration paid, including any directly attributable costs, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares. When treasury shares are subsequently sold or reissued, the consideration received is recognized as an increase in equity, and any resulting surplus or deficit is recognized in capital surplus or retained earnings (if capital surplus is insufficient to cover the deficit).

• (4) Financial Liabilities

Financial liabilities are classified and subsequently measured at amortized cost using the effective interest method. Interest expenses and exchange gains or losses are recognized in profit or loss. Any gains or losses on derecognition are also recognized in profit or loss.

• (5) Derecognition of Financial Liabilities

The consolidated company derecognizes a financial liability when the contractual obligation is discharged, canceled, or expired. If the terms of a financial liability are substantially modified, the original financial liability is derecognized, and a new financial liability is recognized at fair value based on the modified terms.

The difference between the carrying amount of the financial liability derecognized and the consideration paid or payable (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.

• (6) Offsetting of Financial Assets and Liabilities

Financial assets and financial liabilities are offset and the net amount presented in the balance sheet only when the consolidated company has a legally enforceable right to offset the recognized amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously.

• (7) Financial Guarantee Contracts

A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder for a loss incurred because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument.

• (VIII) Inventory

Inventory includes raw materials, finished goods, and merchandise. Inventory is measured at the lower of cost and net realizable value. When comparing cost and net realizable value, it is done on an individual item basis, except for items within the same category. Net realizable value refers to the estimated selling price in the ordinary course of business, less the estimated costs to complete the production and the estimated costs necessary to sell the product. The cost of inventory is calculated using the weighted average method.

• (IX) Investments in Associates

An associate refers to an entity over which the consolidated company has significant influence but does not control or jointly control.

The consolidated company accounts for investments in associates using the equity method. Under the equity method, the investment is initially recognized at cost, including transaction costs. The carrying amount of the investment in an associate includes goodwill recognized at the time of initial acquisition, reduced by any accumulated impairment losses.

～ 17 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

The consolidated financial statements include the consolidated company's share of the associate's profit or loss and other comprehensive income from the date the company gains significant influence until the date it loses significant influence, adjusted to align with the consolidated company's accounting policies. When an associate experiences equity changes in non-profit or other comprehensive income items that do not affect the consolidated company's ownership interest, the consolidated company recognizes these changes as capital surplus in proportion to its shareholding in the associate.

Unrealized profits and losses from transactions between the consolidated company and its associates are only recognized to the extent they are related to the company’s equity interest in the associate. When the consolidated company’s share of the associate's losses equals or exceeds its equity interest in the associate, the company ceases to recognize further losses unless it incurs legal or constructive obligations, or has made payments on behalf of the associate.

When the consolidated company ceases to apply the equity method, it measures its retained interest at fair value, and the difference between the fair value of the retained interest and its carrying amount is recognized in profit or loss. For amounts previously recognized in other comprehensive income related to the investment, the company follows the same treatment as if the associate had directly disposed of the related assets or liabilities, meaning that previously recognized gains or losses are reclassified to profit or loss (or retained earnings) when the associate disposes of the related assets or liabilities. If the consolidated company’s ownership interest in an associate decreases but continues to apply the equity method, it adjusts the previously recognized amounts in other comprehensive income proportionately.

When the associate issues new shares, and the consolidated company does not subscribe to the new shares in proportion to its existing holding, causing a change in ownership, the company adjusts its capital surplus and investment using the equity method. If this adjustment reduces the capital surplus, and the remaining capital surplus from the equity method investment is insufficient, the difference is charged to retained earnings. If the consolidated company’s ownership interest in the associate decreases but continues to apply the equity method, it adjusts previously recognized amounts in other comprehensive income proportionately, in the same manner as when the associate directly disposes of related assets or liabilities.

• (X) Property, Plant, and Equipment

• Recognition and Measurement

Property, plant, and equipment are measured at cost (including capitalized borrowing costs) less accumulated depreciation and any accumulated impairment losses.

When significant components of property, plant, and equipment have different useful lives, they are treated as separate items (major components).

Gains or losses on the disposal of property, plant, and equipment are recognized in profit or loss.

～ 18 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

2. Subsequent Costs

Subsequent expenditures are capitalized only if it is probable that future economic benefits will flow to the consolidated company.

1. Depreciation

Depreciation is calculated by subtracting the residual value from the asset's cost and is recognized in

profit or loss over the estimated useful life of each component using the straight-line method.

Land is not depreciated.

The estimated useful lives for the current and comparative periods are as follows:

• (1) Buildings and Structures:

Factory buildings: 15–55 years

Other buildings: 5–10 years

• (2) Communication Equipment: 3–13 years

• (3) Transportation Equipment: 2–10 years

• (4) Other Equipment: 2–11 years

The consolidated company reviews the depreciation method, useful life, and residual value at each reporting date and makes adjustments as necessary.

(XI) Leases

The consolidated company evaluates at the contract inception date whether the contract constitutes or contains a lease. A contract is considered to be or contain a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

1. Lessee

The consolidated company recognizes a right-of-use asset and a lease liability at the commencement date of the lease. The right-of-use asset is initially measured at cost, which includes the initial measurement of the lease liability, any lease payments made before the commencement date, and the initial direct costs incurred, along with the estimated costs of dismantling, removing, and restoring the asset or its location. The cost is adjusted by any lease incentives received.

The right-of-use asset is depreciated on a straight-line basis over the shorter of the asset’s useful life or the lease term. Additionally, the consolidated company regularly evaluates whether the right-of-use asset has suffered any impairment and accounts for any impairment loss. If the lease liability is remeasured, the right-of-use asset is adjusted accordingly.

The lease liability is initially measured at the present value of the lease payments that have not yet been paid at the commencement date. If the implicit interest rate of the lease is readily determinable, it is used as the discount rate. If not, the consolidated company uses its incremental borrowing rate as the discount rate. Generally, the consolidated company uses its incremental borrowing rate as the discount rate. Lease payments included in the lease liability measurement consist of:

• (1) Fixed payments, including substantial fixed payments;

• (2) Lease payments that depend on changes in an index or rate, measured using the index or rate at the commencement date;

～ 19 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(3) Expected residual value guarantees; and

• (4) Exercise price of a purchase option or termination penalty if it is reasonably certain that the option will be exercised.

The lease liability is subsequently measured using the effective interest method and is remeasured

when:

• (1) The index or rate used to determine lease payments changes, leading to a change in future lease payments;

• (2) The expected residual value guarantee changes;

• (3) There is a change in the assessment of a purchase option for the underlying asset;

• (4) There is a change in the estimate of whether to exercise extension or termination options, affecting the lease term;

• (5) There is a modification in the lease terms, scope, or other conditions.

When the lease liability is remeasured due to changes in the index, residual value guarantee, or purchase/extension/termination options, the carrying amount of the right-of-use asset is adjusted accordingly. If the right-of-use asset’s carrying amount is reduced to zero, any remaining remeasurement amount is recognized in profit or loss.

For lease modifications that reduce the lease scope, the carrying amount of the right-of-use asset is reduced to reflect partial or full termination of the lease, and the difference between the remeasured lease liability and the right-of-use asset’s carrying amount is recognized in profit or loss.

The consolidated company will present right-of-use assets and lease liabilities that do not meet the definition of investment property separately in the balance sheet.

For other short-term leases and leases of low-value assets, the consolidated company elects not to recognize right-of-use assets and lease liabilities but instead recognizes the related lease payments as an expense on a straight-line basis over the lease term.

1. Lessors

For transactions in which the consolidated company acts as a lessor, lease agreements are classified at the commencement date as either finance leases or operating leases, depending on whether substantially all the risks and rewards incidental to ownership of the underlying asset are transferred. If so, the lease is classified as a finance lease; otherwise, it is classified as an operating lease.

(XII) Intangible Assets

1. Recognition and Measurement

Goodwill arising from the acquisition of subsidiaries is measured at cost less accumulated impairment. Intangible assets with finite useful lives acquired by the consolidated company are measured at cost less accumulated amortization and any accumulated impairment.

2. Subsequent Expenditures

Subsequent expenditures are capitalized only when they increase the future economic benefits related to the specific asset. All other expenditures are recognized as expenses when incurred.

～ 20 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

3. Amortization

Except for goodwill and trademarks, amortization is calculated based on the asset’s cost less estimated residual value, using the straight-line method over the estimated useful life from the date the intangible asset is available for use.

The estimated useful lives for the current and comparative periods are as follows:

(1) Customer relationships: 15 years

• (2) Other: 1–10 years

The consolidated company reviews the amortization method, useful life, and residual value of intangible assets at each reporting date and adjusts them as necessary.

(XIII) Impairment of Non-Financial Assets

The consolidated company assesses at each reporting date whether there are any indications that the carrying amount of non-financial assets (excluding inventories and deferred tax assets) may be impaired. If any indication exists, the recoverable amount of the asset is estimated. Goodwill and intangible assets with indefinite useful lives undergo impairment testing annually. If the recoverable amount is less than the carrying amount, an impairment loss is recognized.

For the purpose of impairment testing, the company groups assets into the smallest identifiable group of assets whose cash inflows are largely independent of other individual assets or asset groups. Goodwill arising from business combinations is allocated to each cash-generating unit or group of units expected to benefit from the synergies of the combination.

The recoverable amount is the higher of the fair value less costs to sell and the value in use. When assessing the value in use, the estimated future cash flows are discounted to present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and the specific risks associated with the asset or cash-generating unit.

If the recoverable amount of an individual asset or cash-generating unit is less than its carrying amount, an impairment loss is recognized.

Impairment losses are recognized immediately in profit or loss, and the carrying amount of the goodwill allocated to the cash-generating unit is reduced first. Any remaining impairment is allocated proportionally to the other assets of the unit.

Impairment losses recognized for goodwill are not reversed. For other non-financial assets, an impairment loss is only reversed to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognized in prior years (after depreciation or amortization).

• (XIV) Provisions

Provisions are recognized when the consolidated company has a present obligation resulting from a past event, for which it is probable that resources embodying economic benefits will be required to settle the obligation, and the amount of the obligation can be reliably estimated. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation, using a pre-tax discount rate that reflects the time value of money and the specific risks associated with the liability. The discounting of provisions is recognized as interest expense.

(XV) Revenue Recognition

Revenue from customer contracts is measured by the consideration expected to be received for the transfer of goods or services. The consolidated company recognizes revenue when it satisfies a performance obligation by transferring control of a good or service to the customer.

The consolidated company’s major revenue categories are explained as follows:

～ 21 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

1. Sales Revenue

Revenue from the sale of goods is recognized when the goods are delivered to the customer’s designated location, at which point the customer has the right to the established price and use of the goods and assumes the primary responsibility for resale. The consolidated company recognizes revenue and accounts receivable at that time.

1. Service Revenue

Service revenue (including advertising revenue, channel rental income, circuit rental income, local line rental income, program production income, etc.) is initially recognized as contract liabilities for advance payments made before the service is provided. Revenue is recognized over the contract period as the service is provided, and the customer simultaneously receives and consumes the benefit of the service.

Subscription fees, paid channel income, and second-type telecom service income are similarly recognized as contract liabilities when advance payments are received before service is provided. Revenue is recognized during the contract period as the service is rendered.

For project service income, where the performance obligation does not create an asset with alternative uses and the consideration for performance completed to date is enforceable, the consolidated company recognizes revenue over time as the performance obligation is progressively fulfilled. As the costs incurred are directly related to the completion of the performance obligation, the consolidated company measures progress using the actual costs incurred to date as a percentage of the total expected costs. The consolidated company recognizes contract assets progressively during the construction process, and upon invoicing, the contract assets are transferred to accounts receivable. If the payments received exceed the recognized revenue, the difference is recorded as contract liabilities.

For television shopping products purchased on behalf of customers, the consolidated company does not obtain control over the goods before the goods are transferred to the customer. Furthermore, the consolidated company has not committed to purchasing the goods before the customer places an order, so there is no inventory risk. The consolidated company acts as an agent in providing product procurement services and recognizes net revenue when the control of the goods is transferred to the customer upon delivery to the logistics company and there are no further obligations. Advance payments received for procured goods before delivery are recognized as contract liabilities.

1. Program Licensing Revenue

The nature of licensing commitments is recognized as revenue over time if all the following conditions are met, representing a right to access the consolidated company's copyrights over time. If not, the license is considered a right to use the consolidated company's copyrights existing at the time of licensing, and revenue is recognized upon the transfer of the license.

(1) The customer reasonably expects the consolidated company to undertake significant activities affecting the customer’s rights to the copyright;

(2) The rights granted by the license expose the customer to any positive or negative impact from the consolidated company's activities;

(3) These activities do not lead to the transfer of goods or services to the customer.

If the activities are expected to significantly change the form or functionality of the customer's rights or if the ability of the customer to benefit from the copyright is almost entirely reliant on the activities, the consolidated company's actions will significantly affect the customer’s rights.

The consolidated company expects that the timing of the transfer of goods or services to customers and the interval between when the customer pays for the goods or services will not exceed one year, and therefore does not adjust the transaction price for the time value of money.

～ 22 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(XVI) Government Grants

Government grants are recognized when it is reasonably assured that the consolidated company will comply with the conditions attached to the grants and when the consolidated company will be able to receive the grant.

Government grants related to income are recognized as other income over time in systematic periods when the related costs that the grant intends to compensate are recognized as expenses. Government grants conditioned on the acquisition of non-current assets are recognized as deferred income and transferred to profit or loss over the asset's useful life in a systematic and rational manner.

If the government grant is used to compensate for expenses or losses already incurred, or to provide immediate financial support to the consolidated company without any future related costs, it is recognized in profit or loss when it becomes receivable.

• (XVII) Employee Benefits

• Defined Contribution Plans

The obligation for defined contribution plans is recognized as an expense during the period in which the employee provides service.

1. Defined Benefit Plans

The consolidated company’s net obligation for defined benefit plans is calculated by discounting the future benefits earned by employees during the current or prior periods to their present value and subtracting the fair value of any plan assets.

The defined benefit obligation is calculated annually by a qualified actuary using the projected unit credit method. When the calculation results in a favorable outcome for the consolidated company, the asset recognized is limited to the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions. In calculating the present value of economic benefits, any minimum funding requirements are considered.

Remeasurements of the net defined benefit liability, including actuarial gains and losses, return on plan assets (excluding interest), and any changes in the asset ceiling (excluding interest), are recognized immediately in other comprehensive income and accumulated in retained earnings. The consolidated company determines the net interest expense (income) on the net defined benefit liability (asset) using the discount rate and the net defined benefit liability (asset) as of the beginning of the annual reporting period. Net interest expense and other expenses related to the defined benefit plan are recognized in profit or loss.

When there is a plan amendment or reduction, the resulting changes related to past service costs or reduction in benefits are immediately recognized in profit or loss. The consolidated company recognizes the settlement gain or loss of the defined benefit plan when the settlement occurs.

3. Short-term Employee Benefits

The obligation for short-term employee benefits is recognized as an expense when the service is provided. If the consolidated company has a legal or constructive obligation to make payments due to past services provided by employees, and the amount of the obligation can be reliably estimated, it is recognized as a liability.

～ 23 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(XVIII) Income Tax

Income tax includes both current income tax and deferred income tax. Except for items related to business combinations, or those directly recognized in equity or other comprehensive income, both current income tax and deferred income tax are recognized in profit or loss.

Current income tax includes the estimated income tax payable or refundable based on the taxable income (loss) for the year, and any adjustments to the income tax payable or refundable for prior years. The amount is measured based on the best estimate of the amount expected to be paid or received, using the tax rate or substantially enacted tax rate at the reporting date.

Deferred income tax is recognized based on temporary differences between the carrying amount of assets and liabilities at the reporting date and their tax bases. The following temporary differences are not recognized for deferred income tax:

1. Assets or liabilities arising from transactions that are not part of a business combination and, at the time of

2. the transaction, (i) do not affect accounting profit or taxable income (loss), and (ii) do not result in equal taxable or deductible temporary differences;

3. Temporary differences arising from investments in subsidiaries, associates, and joint ventures where the consolidated company controls the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future;

4. Taxable temporary differences arising from the initial recognition of goodwill.

Deferred income tax assets are recognized for unused tax losses, unused income tax credits carried forward, and deductible temporary differences to the extent that it is probable that future taxable profit will be available against which they can be utilized. At each reporting date, such deferred tax assets are reassessed and reduced to the extent that it is no longer probable that the related tax benefit will be realized; conversely, previously unrecognized or reduced amounts are reinstated when it becomes probable that sufficient taxable income will be available.

Deferred income taxes are measured at the tax rates that are expected to apply to the period when the temporary differences reverse, based on tax laws and rates that have been enacted or substantively enacted by the reporting date.

The consolidated company only offsets deferred tax assets and deferred tax liabilities when the following conditions are met:

1. There is a legally enforceable right to offset current tax assets against current tax liabilities; and

2. The deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either: (1) The same taxable entity; or

(2) Different taxable entities that intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

(XIX) Business Combinations

The consolidated company applies the acquisition method to each business combination. Goodwill is measured as the fair value of the consideration transferred on the acquisition date, including the amount attributable to any non-controlling interest in the acquiree, less the fair value of identifiable assets acquired and liabilities assumed. If the resulting amount is negative, the consolidated company reassesses whether it has correctly identified all acquired assets and assumed liabilities before recognizing the bargain purchase gain in profit or loss.

～ 24 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Transaction costs related to business combinations are recognized as expenses when incurred, except for those related to the issuance of debt or equity instruments.

For non-controlling interests in the acquiree, if the interest is a present ownership interest that gives the holder the right to proportionately share in the acquiree's net assets upon liquidation, the consolidated company measures the non-controlling interest either at fair value on the acquisition date or at the proportionate share of the acquiree's identifiable net assets, based on a transaction-by-transaction basis. Other non-controlling interests are measured at their fair value on the acquisition date or as specified by International Financial Reporting Standards as endorsed by the Financial Supervisory Commission.

(XX)

Earnings Per Share

The consolidated company presents basic and diluted earnings per share attributable to the common shareholders of the company. Basic earnings per share is calculated by dividing the profit or loss attributable to the common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by adjusting both the profit or loss attributable to the common shareholders and the weighted average number of common shares outstanding to reflect the impact of potential dilution from all outstanding dilutive common shares. The consolidated company’s potential dilutive common shares include stock options granted to employees.

(XXI) Department Information

An operating department is a component of the consolidated company that engages in business activities from which it may earn revenue and incur expenses (including revenue and expenses from transactions with other components of the company). The operating results of all departments are reviewed regularly by the consolidated company’s chief operating decision maker to make decisions about resources to be allocated to the Department and to assess its performance. Each operating department has separate financial information.

V. Major Sources of Uncertainty in Accounting Judgments, Estimates, and Assumptions

In preparing these financial statements, management must make judgments and estimates about the future (including climate-related risks and opportunities), which affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Management continuously reviews estimates and underlying assumptions, consistent with the company’s risk management and climate-related commitments. Changes in estimates are recognized in the period in which the change occurs and for affected future periods.

Accounting policies involve significant judgment, and the following information is of material impact on the reported amounts in these consolidated financial statements:

• (I) Judgment on Whether the Company Has Control Over an Investee

The consolidated company holds 44.48% of the voting shares in MABOW CO., LTD. (MABOW), making it the largest single shareholder. Although the remaining 55.52% is not concentrated in a specific shareholder, the company cannot obtain more than half of the board seats nor the majority voting rights in the shareholders' meeting. Therefore, the company determines that it has significant influence over MABOW.

• (II) Judgment on Whether the Company Has Significant Influence Over an Investee

The consolidated company holds less than 20% of the voting shares in Dajia International Investment Co., Ltd. (Dajia International). However, the company holds two out of nine board seats and participates in the operational policy decisions of Dajia International, therefore having significant influence over it, as detailed in Note VI(V).

～ 25 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

The consolidated company holds less than 20% of the voting shares in JiaTech International Investment Co., Ltd. (JiaTech International). However, the company holds one out of nine board seats and participates in the operational policy decisions of JiaTech International, therefore having significant influence over it, as detailed in Note VI(V).

The following assumptions and estimates carry significant risks of material adjustments to the carrying amounts of assets in the next financial year:

• Impairment Assessment of Goodwill, Franchise Rights, and Customer Relationships

The process of determining impairment for goodwill, intangible assets, and customer relationships depends on the consolidated company’s subjective judgment, including identifying cash-generating units, allocating goodwill, intangible assets, and customer relationships to the relevant cash-generating units, and assessing the recoverable amount of those units. Any changes in economic conditions or company strategy could lead to significant changes in estimates in the future.

VI. Description of Significant Accounting Items

(I) Cash and Cash Equivalents

Cash on hand and petty cash Checks and demand deposits Time deposits with original maturities of three months or less	2025.12.31 $ 2,816 709,287 361,646	2024.12.31 3,598 645,354 561,673
	$ 1,073,749	1,210,625

For disclosures regarding the consolidated company's interest rate risk and sensitivity analysis on financial assets, please refer to Note VI(XXVII).

(II) Financial Assets Measured at Fair Value Through Profit or Loss (FVTPL)

Mandatorily measured at fair value through profit or loss: Current: Beneficiary certificates of mutual funds Non-current: Unlisted domestic equity investments:	2025.12.31 $ 5,300	2024.12.31 5,219
	$ -	-

In October 2012, the consolidated company invested NT$20,000 thousand in Battle of the Faithball Co., Ltd. (hereinafter referred to as “Faithball”), acquiring 2,000 thousand shares of Class A preferred stock, representing a 40% ownership interest (non-cumulative, non-participating preferred stock without fixed dividends, redeemable over ten years). The investee primarily engages in film production. Due to the suspension of its operations, the consolidated company recognized a full impairment loss on the investment in 2013. In July 2015, the competent authority officially revoked the company's registration. However, as of December 31, 2025, the liquidation process had not yet been completed.

For fair value disclosures related to financial assets, please refer to Note VI(XXVI).

～ 26 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(III) Financial Assets Measured at Fair Value Through Other Comprehensive Income

Equity instruments designated at fair value through other comprehensive income: Current: Domestic listed (OTC) equity securities Non-current: Domestic listed (OTC) equity securities Domestic Emerging Stock Board equity securities Domestic unlisted equity securities:	2025.12.31 $ 11,516	2024.12.31 11,850
	$ 38,062 12,223 14,618	40,953 - 13,021
	$ 64,903	53,974

The consolidated company invests in domestic common shares for medium- to long-term strategic purposes and expects to earn profits through long-term holding. Management believes that recognizing short-term fluctuations in fair value through profit or loss would not align with its long-term investment strategy; therefore, such investments have been designated as measured at FVOCI.

In November 2024, the consolidated company subscribed for new ordinary shares issued by CHOCO Media Co., Ltd. (CHOCO) via a cash capital increase. As a result, its voting rights increased from 18.84% to 38.10%. the consolidated company is now deemed to have significant influence over CHOCO, and accordingly, the investment previously measured at FVOCI was reclassified to investments accounted for using the equity method at fair value. The accumulated unrealized valuation loss on the financial asset amounting to

NT$308,011 thousand was reclassified to retained earnings. For further information regarding the reclassification to equity-method investment, please refer to Note VI(V).

For fair value disclosures related to financial assets, please refer to Note VI(XXVI).

For information regarding the pledge of the aforementioned FVOCI financial assets as collateral for borrowings, please refer to Note VIII.

(IV) Notes Receivable and Accounts Receivable (Including Related Parties)

Notes receivable—measured at amortized cost Accounts receivable—non-related parties—measured at amortized cost Accounts receivable—related parties—measured at amortized cost Less: Allowance for expected credit losses	2025.12.31 $ 56,309	2024.12.31 64,500
	$ 209,455 19,540 (10,900)	238,889 11,431 (1,454)
	$ 218,095	248,866

The consolidated company’s principal business activities involve the operation of cable television systems and channel licensing. Its customers primarily consist of subscribers/consumers, and most sales are made on a prepaid basis. Except for certain accounts receivable arising from services such as circuit leasing and channel leasing—which generally have average credit terms of 30 days—other accounts receivable typically have average credit terms of 30 to 90 days and are non-interest-bearing. The consolidated company assigns credit ratings to major customers based on publicly available financial information and historical transaction records. Credit risk and counterparty credit ratings are continuously monitored. In order to manage credit risk,

～ 27 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

the consolidated company diversifies its total transaction exposure among counterparties with acceptable credit ratings and implements annual credit limit reviews and approvals by management for counterparties.

To further mitigate credit risk, the consolidated company’s management has designated a dedicated team to oversee the determination and approval of credit limits, as well as to perform other monitoring procedures to ensure that appropriate actions are taken to recover overdue receivables. In addition, as of each reporting date, the consolidated company performs an individual assessment of the recoverability of accounts receivable to ensure that appropriate impairment losses are recognized for uncollectible accounts. Accordingly, the consolidated company’s management believes that the credit risk associated with notes and accounts receivable has been significantly reduced.

The consolidated company recognizes an allowance for expected credit losses on accounts receivable based on a lifetime expected credit loss approach. The lifetime expected credit loss is determined with consideration of customers’ past default history and current financial condition, as well as industry and macroeconomic factors such as GDP forecasts and sector outlook. Based on historical credit loss experience, the consolidated company has not identified material differences in loss patterns among different customer groups. Therefore, customers are not categorized further, and expected credit loss rates are determined based solely on the aging of accounts receivable.

When there is evidence indicating that a counterparty is experiencing severe financial difficulties and the recoverable amount cannot be reasonably expected, the consolidated company directly writes off the corresponding accounts receivable. Nevertheless, collection efforts continue, and any subsequent recoveries are recognized in profit or loss.

～ 28 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

The aging analysis of the consolidated company’s notes and accounts receivable (including related parties) is as follows:

ollows:
0-60 days 61-90 days 91-180 days 181 days and above	2025.12.31 $ 190,064 4,755 26,978 63,507	2024.12.31 226,840 18,411 34,377 35,192
	$ 285,304	314,820

The above amounts represent the gross balances before deducting the allowance for impairment losses and are aged based on the invoice date.

There were no overdue notes receivable. Accordingly, the aging analysis of accounts receivable that were past due but not impaired is as follows:

ue but not impaired is as follows:
Within 90 days Over 90 days	2025.12.31 $ 679 -	2024.12.31 531 2,149
	$ 679	2,680

The analysis is based on the number of days past due.

The changes in the allowance for impairment losses on the consolidated company’s notes and accounts receivable are summarized as follows:

Beginning balance Impairment losses recognized Reversal of impairment losses Arising from acquisition of subsidiary Ending balance	2025
	$ 10,900 1,454

For details on notes receivable pledged as collateral for borrowings, please refer to Note VIII.

(V) Investments Accounted for Using the Equity Method

As of the reporting date, the consolidated company’s investments accounted for using the equity method are summarized as follows:

Investments in Associates	2025.12.31 $ 400,047 192,396 20,230 - 23,931 49,794 5,553	2024.12.31 451,336 227,358 22,926 - 25,717 49,870 7,235
Peikang Cable TV CO., LTD. (Peikang Cable) CHOCO MEDIA CO., LIMITED Dajia International Investment Co., Ltd Media Development Co., Ltd.(Media Development) MABOW CO., LTD. JiaTech International Investment Co., Ltd. HSING PIN INTERNATIONAL INDUSTRIAL LTD.(HSING PIN INTERNATIONAL)
	$ 691,951	784,442

～ 29 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

1. Associates

In November 2024, the consolidated company subscribed for 14,121 thousand common shares of CHOCO MEDIA CO., LIMITED with a cash consideration of NT$166,628 thousand, increasing its voting rights from 18.84% to 38.10%, and thereby obtained significant influence over the investee. For details on the transfer of the previously recognized financial asset measured at fair value through other comprehensive income to investment accounted for using the equity method, please refer to Note VI(III).

CHOCO MEDIA CO., LIMITED completed a cash capital increase on December 5, 2025, issuing 7,206 thousand common shares. However, the Group did not subscribe in proportion to its shareholding, resulting in a decrease in its ownership interest from 38.10% to 33.54%.

In February 2024, the consolidated company subscribed for 5,000 thousand common shares of MABOW CO., LTD. for a cash consideration of NT$25,000 thousand, resulting in a voting rights ratio of 44.48% and thereby obtaining significant influence over the investee.

In December 2023, the consolidated company prepaid NT$50,000 thousand to subscribe for 5,000 thousand common shares of JiaTech International Investment Co., Ltd., and the subscription was completed in January 2024. the consolidated company obtained significant influence with a 10.00% voting rights ratio. However, on May 31, 2024, JiaTech International Investment Co., Ltd. conducted a cash capital increase of NT$116,000 thousand. The consolidated company did not subscribe in proportion to its shareholding, resulting in a decrease in its ownership to 8.12%.

In June 2024, the consolidated company subscribed for 800 thousand common shares of HSING PIN INTERNATIONAL INDUSTRIAL LTD. for NT$8,000 thousand in cash, acquiring a 48.19% voting rights ratio and thereby obtaining significant influence over the investee.

Due to suspended operations of Media Development Co., the consolidated company recognized full impairment losses on the investment in 2013. Although the competent authority deregistered the company in July 2015, liquidation has not yet been completed as of December 31, 2025.

The information of associates material to the consolidated company is as follows:

Name of Associate	Nature of Business	Main Operating Place	Ownership and Voting Rights	Ownership and Voting Rights
			2025.12.31	2024.12.31
PEIKANG CABLE TV CO., LTD. CHOCO MEDIA CO., LIMITED	Operating cable television system operators Audio-visual platform and content production	Yunlin County Taipei City	39.50% 33.54%	39.50% 38.10%

～ 30 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Summarized financial information of material associates is presented below. This information has been adjusted to reflect the amounts included in the consolidated company’s consolidated financial statements under IFRSs, including adjustments made at the time of acquisition to reflect fair value and alignment of accounting policies:

(1) Summarized Financial Information of PEIKANG CABLE TV CO., LTD.

Current Assets Non-current Assets Current Liabilities Non-current Liabilities Net assets Net assets attributable to non-controlling interests Net assets attributable to owners of the investee Operating revenue Profit for the period from continuing operations Other comprehensive income Total comprehensive income Total comprehensive income attributable to non-controlling interests Total comprehensive income attributable to owners of the investee Beginning share of the consolidated company's interest in the net assets of associates Total comprehensive income for the period attributable to the consolidated company Dividends received from associates during the period Ending share of the consolidated company's interest in the net assets of associates Add: Goodwill Carrying amount of the consolidated company's interest in associates at the end of the period	2025.12.31 $ 136,454 217,908 (51,749) (23,700)	2024.12.31 185,979 184,572 (59,595) (24,007)
	$ 278,913	286,949
	$ 110,165	113,339
	$ 168,748	173,610
	2025 $ 183,247	2024 192,973
	13,273 (2,417)	21,944 (749)
	$ 10,856	21,195
	$ 4,288	8,372
	$ 6,568	12,823
	2025 $ 113,339 4,288 (7,462)	2024 112,037 8,372 (7,070)
	110,165 289,882	113,339 337,997
	$ 400,047	451,336

～ 31 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(2) Summarized financial information of CHOCO MEDIA CO., LIMITED

Current Assets Non-current Assets Current Liabilities Non-current Liabilities Net assets Net assets attributable to non-controlling interests Net assets attributable to owners of the investee Operating revenue Net loss from continuing operations for the period Other comprehensive income Total comprehensive income Total comprehensive income attributable to non-controlling interests Total comprehensive income attributable to owners of the investee Beginning share of the consolidated company's interest in the net assets of associates Capital contributions during the year Total comprehensive income for the period attributable to the consolidated company Additional paid-in capital from the consolidated company’s non-proportionate subscription Ending share of the consolidated company's interest in the net assets of associates Add: Goodwill Carrying amount of the consolidated company's interest in associates at the end of the period

2025.12.31 2024.12.31 $ 304,234 385,103 208,266 166,044 (106,114) (85,775) (151,868) (149,660) $ 254,518 315,712 $ 85,359 120,321 $ 169,159 195,391 2025 2024 $ 174,484 226,136 (100,403) (70,145) (4,315) (6,454) $ (104,718) (76,599) $ (39,129) (10,289) $ (65,589) (66,310) 2025 2024 $ 120,321 - - 130,610 (39,129) (10,289) 4,167 - 85,359 120,321 107,037 107,037 $ 192,396 227,358

2. Impairment Loss

The consolidated company conducted an impairment test on investments accounted for using the equity method, by comparing the carrying amount with the recoverable amount based on value in use. The value in use was determined by estimating the future cash flows expected to be generated from the investees’ operations and discounting them using an appropriate discount rate.

As a result of the impairment assessment, as of December 31, 2025, the carrying amount of the investment in PEIKANG CABLE TV CO., LTD. exceeded its recoverable amount based on value in use, and an impairment loss of NT$48,115 thousand was recognized. As of December 31, 2024, no impairment was identified.

～ 32 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

3. Pledge

For details on investments in associates pledged as collateral for borrowings, please refer to Note VIII.

(VI) Acquisition of Subsidiary

On May 31, 2024 (the acquisition date), the consolidated company obtained control of MAYFAIR through the acquisition of 58.48% of its shares.

By acquiring control over MAYFAIR, the consolidated company obtained exclusive distribution rights for specific brands and access to the acquiree’s customer base, thereby enhancing its product diversity and expanding its market reach. This acquisition is expected to increase the operational scale of the consolidated company.

From the acquisition date to December 31, 2024, MAYFAIR contributed NT$225,535 thousand in revenue and NT$1,943 thousand in net income to the Group. Had the acquisition occurred on January 1, 2024, management estimates that the consolidated company’s revenue for the year ended December 31, 2024 would have been NT$4,551,326 thousand, and the net income would have been NT$789,535 thousand. In determining these amounts, management assumed that the acquisition had been completed on January 1, 2024, and that the provisional fair value adjustments as of the acquisition date were applied accordingly.

The main categories of consideration transferred, the assets acquired and liabilities assumed on the acquisition date, and the amount of bargain purchase gain recognized were as follows:

(1) Consideration Transferred

the consolidated company paid NT$38,012 thousand in cash to acquire 58.48% equity interest in MAYFAIR

(2) Identifiable Assets Acquired and Liabilities Assumed

The fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date are as follows:

are as follows:
Cash and cash equivalents (Note VI(I)) Accounts receivable (Note VI(IV)) Inventories Property, plant and equipment (Note VI(VIII)) Right-of-use assets (Note VII(IX)) Intangible assets (Note VI(XII)) Other assets (Note VI(XIII)) Short-term borrowings Accounts payable and other payables Lease liabilities (Note VI(XVIII)) Reserve liability Other liabilities Total fair value of identifiable net assets	Amount
	$ 100,838 40,606 66,962 9,994 25,113 2,984 20,302 (105,000) (21,138) (25,727) (17,573) (2,280)
	$ 95,081

～ 33 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

• (3) Bargain Purchase Gain

The bargain purchase gain arising from the acquisition is summarized as follows:

Consideration transferred Add: Non-controlling interests (measured at the proportionate share of the fair value of net assets) Less: Fair value of identifiable net assets Bargain purchase gain	2024.5.31 $ 38,012 39,478 95,081
	$ (17,591)

(VII) Subsidiaries with Material Non-controlling Interests

Subsidiaries with material non-controlling interests to the consolidated company are as follows:

Main Operating Place / Country of Incorporation Subsidiary Name ST media Taiwan	Ownership and Voting Rights Attributable to Non-controlling Interests	Ownership and Voting Rights Attributable to Non-controlling Interests
	2025.12.31 34.83%	2024.12.31 34.83%

The summarized financial information of the above subsidiaries, prepared in accordance with the International Financial Reporting Standards as endorsed by the FSC and adjusted for fair value and accounting policy differences as of the acquisition date, is presented below. The information is disclosed before elimination of intercompany transactions:

Current Assets Non-current Assets Current Liabilities Non-current Liabilities Net Asset Carrying amount of non-controlling interests at the end of the period Operating revenue Net income for the period Other comprehensive income Total comprehensive income Total comprehensive income attributable to Net income for the period Total comprehensive income attributable to non-controlling interests	2025.12.31	2024.12.31 637,593 447,267 (228,256) (23,808)
	$ 628,655 426,340 (219,877) (18,886)
	$ 816,232	832,796
	$ 417,034	424,598
	2025 $ 763,531	2024 640,350
	$ 71,740 4,654	113,811 2,888
	$ 76,394	116,699
	$ 23,568	38,133
	$ 24,809	40,387

～ 34 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Cash Flow from Operating Activities: Cash Flow from Investing Activities Cash Flow from Financing Activities Net decrease in cash and cash equivalents Dividends paid to non-controlling interests	2025 $ 94,263 (37,622) (113,789)	2024 170,393 (247,383) (182,392)
	$ (57,148)	(259,382)
	$ 33,391	37,467

(VIII)) Property, Plant and Equipment

The movements in the cost and depreciation of property, plant and equipment of the consolidated company were as follows:

Cost or deemed cost: Balance as of January 1, 2025 Additions Disposals Reclassifications Balance as of December 31, 2025 Balance as of January 1, 2024 Additions Disposals Reclassifications Acquired through consolidation Balance as of December 31, 2024 Depreciation: Balance as of January 1, 2025 Depreciation Disposals Balance as of December 31, 2025 Balance as of January 1, 2024 Depreciation Disposals Reclassifications Acquired through consolidation Balance as of December 31, 2024 Carrying amount: December 31, 2025 January 1, 2024 December 31, 2024	Land $ 687,277 249,331 - -	Buildings and Structure 477,704 42,545 - 6,630	Telecommu nication Equipment 1,409,744 64,983 (50,345) 141,920	Transporta tion Equipment 23,434 2,599 (6,040) -	Other Equipment 631,795 113,855 (82,353) 6,199	Constructi on in Progress - 141,857 - (141,857)	Total 3,229,954 615,170 (138,738) 12,892
	$ 936,608	526,879	1,566,302	19,993	669,496	-	3,719,278
	$ 652,676 34,601 - - -	400,298 77,406 - - -	1,441,765 66,018 (203,280) 105,241 -	43,129 - (19,695) - -	550,378 129,803 (92,389) (7,824) 51,827	756 104,853 - (105,609) -	3,089,002 412,681 (315,364) (8,192) 51,827
	$ 687,277	477,704	1,409,744	23,434	631,795	-	3,229,954
	$ - - -	176,896 11,330 -	802,215 195,452 (50,214)	17,238 3,376 (6,013)	298,493 109,987 (82,029)	- - -	1,294,842 320,145 (138,256)
	$ -	188,226	947,453	14,601	326,451	-	1,476,731
	$ - - - - -	165,942 10,954 - - -	802,993 202,502 (203,280) - -	32,341 4,592 (19,695) - -	249,505 99,705 (92,389) (161) 41,833	- - - - -	1,250,781 317,753 (315,364) (161) 41,833
	$ -	176,896	802,215	17,238	298,493	-	1,294,842
	$ 936,608	338,653	618,849	5,392	343,045	-	2,242,547
	$ 652,676	234,356	638,772	10,788	300,873	756	1,838,221
	$ 687,277	300,808	607,529	6,196	333,302	-	1,935,112

For details on property, plant, and equipment pledged as collateral for borrowings, please refer to Note VIII. For details on land, buildings and structures acquired from related parties by the consolidated company, please refer to Note VII.

～ 35 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(IX) Right-of-Use Assets

The cost and depreciation of right-of-use assets, including land, buildings and structures, transportation equipment, and other equipment, are as follows:

Right-of-Use Asset Cost: Balance as of January 1, 2025 Additions Reduction Balance as of December 31, 2025 Balance as of January 1, 2024 Additions Reduction Acquired through consolidation Balance as of December 31, 2024 Cumulative Depreciation of Right-of-Use Assets Balance as of January 1, 2025 Depreciation Reduction Reclassification Balance as of December 31, 2025 Balance as of January 1, 2024 Depreciation Reduction Reclassification Acquired through consolidation Balance as of December 31, 2024 Carrying amount: December 31, 2025 January 1, 2024 December 31, 2024	Land $ 4,543 2,309 (1,380)	Buildings and Structures 134,983 20,504 (75,020)	Transportati on Equipment 13,851 7,678 (6,703)	Transportati on Equipment 13,851 7,678 (6,703)	Other Equipment - 172 -	Other Equipment - 172 -	Total 153,377 30,663 (83,103)
	$ 5,472	80,467	14,826		172		100,937
	$ 5,748 417 (1,622) -	53,120 44,505 (11,007) 48365	16,076 3,442 (5,667) -		175 332 (507) -		75,119 48,696 (18,803) 48365
	$ 4,543	, 134,983	13,851		-		, 153,377
	$ 2,527 1,790 (1,380) (166)	75,625 42,800 (73,415) 166	6,748 4,396 (6,703) -		- 57 - -		84,900 49,043 (81,498) -
	$ 2,771	45,176	4,441		57		52,445
	$ 2,862 1,952 (1,622) (665) -	27,749 35,280 (11,321) 665 23,252	4,246 4,391 (1,889) - -		117 390 (507) - -		34,974 42,013 (15,339) - 23,252
	$ 2,527	75,625	6,748		-		84,900
	$ 2,701	35,291	10,385		115		48,492
	$ 2,886	25,371	11,830		58		40,145
	$ 2,016	59,358	7,103		-		68,477

For details on buildings and structures leased from related parties by the consolidated company, please refer to Note VII

～ 36 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(X) Franchise Rights Franchise Rights	2025.12.31 $ 3,500,000	2024.12.31 3,500,000

Franchise rights are obtained by the merged company through the acquisition of controlling shares in a cable television system operator (hereinafter referred to as "system operator"), granting the company cable television business operating franchise rights. According to interpretations issued by the relevant regulatory authorities, the transaction of acquiring control over the system operator is considered a transfer of business rights. The key document for this transaction is the "Cable Television System Operator Operating Permit" (hereinafter referred to as "Operating Permit"), which allows the system operator to engage in cable television business after obtaining approval from the central regulatory authority. The operator must continue to provide services during the validity period of the operating permit, and if the operator wishes to continue operating after the permit expires, they must apply for a renewal before the expiration date. The consolidated company evaluates the current industry environment and cable television technology and anticipates no significant costs for renewal. The consolidated company intends to apply for an extension or renewal of the permit upon expiration. Therefore, this franchise right is considered an indefinite useful life intangible asset and is not amortized.

The consolidated company conducts impairment testing on the franchise rights acquired from the system operator. After performing the impairment test, no impairment losses were recognized as of December 31, 2025 and 2024. For details, please refer to Note VI(XI).

(XI) Goodwill

and 2024. For details, please refer to Note VI(XI). will
Goodwill Less: Impairment Loss	2025.12.31 $ 8,218,696 114,903	2024.12.31 8,221,967 3,271
	$ 8,103,793	8,218,696

Goodwill of the consolidated company mainly arises from the acquisition of controlling shares in the system operator and general advertising service providers, thus acquiring cable television business operating franchise rights and promoting digital advertising networks. Since the transfer consideration exceeds the fair value of the identifiable assets and liabilities acquired, goodwill is recognized at the acquisition date.

The consolidated company conducts impairment testing on goodwill, franchise rights, and customer relationships acquired from the system operator and general advertising service providers. After performing the impairment test, the goodwill related to the acquisition of Te-Chun Co., Ltd., amounting to NT$5,571,126 thousand, was assessed to have a recoverable amount lower than its carrying amount on December 31, 2025. As a result, goodwill impairment of NT$114,903 thousand was recognized in 2025. The recoverable amount was determined based on the value in use, calculated using projected future cash flows for five years with a discount rate of 7.83%. Key assumptions include projected revenue and gross profit, which are based on past operational performance and management’s expectations of the market. The impairment was mainly due to underperformance in the company’s business development.

～ 37 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Additionally, on December 31, 2024, the goodwill related to the acquisition of CredereMedia, amounting to NT$9,975 thousand, was assessed to have a recoverable amount lower than its carrying amount. Therefore, a goodwill impairment of NT$3,271 thousand was recognized in 2024. The recoverable amount was also determined based on the value in use, using projected future cash flows for five years and a discount rate of 11.19%. Other key assumptions include projected revenue and gross profit, which are based on past operational performance and management’s expectations of the market. The impairment losses was primarily due to due to the company’s underperformance relative to expectations. (XII) Other Intangible Assets

The consolidated company’s cost and amortization details for other intangible assets are as follows:

Cost or deemed cost: Balance as of January 1, 2025 Additions Disposals Reclassification Balance as of December 31, 2025 Balance as of January 1, 2024 Additions Disposals Reclassification Acquired through consolidation Balance as of December 31, 2024 Accumulated amortization: Balance as of January 1, 2025 Amortization for the period Disposals for the period Balance as of December 31, 2025 Balance as of January 1, 2024 Amortization for the period Disposals for the period Acquired through consolidation Balance as of December 31, 2024 Carrying amount: December 31, 2025 January 1, 2024 December 31, 2024	Customer relationships $ 1,740,000 - - -	Other 21,842 104 (4,311) 313	Total 1,761,842 104 (4,311) 313
	$ 1,740,000	17,948	1,757,948
	$ 1,740,000 - - - -	7,193 2,833 (270) 1,890 10,196	1,747,193 2,833 (270) 1,890 10,196
	$ 1,740,000	21,842	1,761,842
	$ 589,667 116,000 -	13,385 3,060 (3,592)	603,052 119,060 (3,592)
	$ 705,667	12,853	718,520
	$ 473,667 116,000 - -	4,410 2,033 (270) 7,212	478,077 118,033 (270) 7,212
	$ 589,667	13,385	603,052
	$ 1,034,333	5,095	1,039,428
	$ 1,266,333	2,783	1,269,116
	$ 1,150,333	8,457	1,158,790

The merged company conducted impairment testing on the customer relationships acquired from the system operator. After performing the impairment test, no impairment losses were recognized in 2025 or 2024. For details, please refer to Note VI(XI).

～ 38 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(XIII) Other Current and Non-Current Assets

Current: Prepaid Expenses Inventory Other Financial Assets Other Non-current: Other Financial Assets Prepaid Equipment	2025.12.31 $ 231,663 17,730 12,169 7,404	2024.12.31 287,545 18,362 15,288 14,780
	$ 268,966	335,975
	$ 490,253 -	573,659 11,262
	$ 490,253	584,921

Other financial assets primarily include deposits for government subsidy programs, restricted bank deposits, and guarantees for short- and long-term bank loans. Please refer to Note VIII for further details. (XIV) Short-Term Borrowings

Unguaranteed Bank Loans Guaranteed Bank Loans Unused Credit Line Interest Rate Range	2025.12.31 $ 30,000 30,000	2024.12.31 - 50,000
	$ 60,000	50,000
	$ 130,000	130,000
	2.1%~2.228%	2.325%~2.478%

The merged company provides collateral for bank loans by pledging assets. For further details, please refer to Note VIII.

(XV) Other Payables

Salaries Payable Employee Remuneration Equipment Payable Directors' Remuneration Accounts Payable for Goods Business Tax Payable Interest Payable Other	2025.12.31 $ 152,588 15,451 39,796 13,860 12,826 10,471 15,576 116,570	2024.12.31 151,877 24,297 58,305 16,989 27,108 9,604 20,102 118,223
	$ 377,138	426,505

～ 39 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(XVI) Long-Term Borrowings

Bank	Loan Period	Major Terms	2025.12.31 $ 7,357,668 (27,747)	2024.12.31 7,275,842 (42,863)
China Trust Commercial Bank and other syndicated credit banks Less: Unamortized Loan Costs Net Long-Term Borrowings Unused Credit Line Interest Rate Range	September 2022–Septem ber 2027	For items A and B, repayment is made in 10 installments according to the contractual terms, with each period being six months starting from March 2023. The company made early repayments of NT$263,884 thousand in May 2023, NT$6,481 thousand in December 2023, NT$190,594 thousand in May 2024, and. NT$168,904 thousand in May 2025. As for item D, it was fully repaid in September 2024 with NT$480,000 thousand, item C will be repaid in a lump sum at maturity, and Item E will be repaid in accordance with the contractual proportions.
			7,329,921 (390,916)	7,232,979 (384,608)
			$ 6,939,005	6,848,371
			$ 250,000	700,000
			2.7693%~ 2.9070%	2.7652%~ 2.8984%

Our company, along with Te-Chun Co., Ltd., HSIN YEONG AN CABLE TV CO., LTD., and TA YANG CABLE TELEVISION CO., LTD. (collectively, the "Syndicated Loan Borrowers"), entered into a NT$10.1 billion syndicated loan agreement with CTBC Bank and other participating banks (hereinafter referred to as the syndicated lending banks) in September 2022 to repay the outstanding balance of a previous syndicated loan. To fund the purchase price, related costs, and expenses for the real estate of its business premises, the Company entered into the first supplemental syndicated loan agreement for Item E, a non-revolving additional credit facility of NT$180,000 thousand, with the syndicated loan banks in October 2025.

Our company is the borrower for Credit Tranches A, C, D, and E with Te-Chun, HSIN YEONG AN, TA YANG, top Light Communications Co., Ltd., CNT CATV CO., LTD., CHIA-LIEN CABLE TV CORP., DA-TUN CABLE TV CO., LTD., Taiwan Infrastructure Network Technologies Co., Ltd., Sin He Digital Technology Co., Ltd., A-First Technology Co., Ltd., Jia-Sing Smart Technology Co., Ltd., and our Chairperson, Liao Tzu-chen, serving as joint guarantors.

Te-Chun, HSIN YEONG AN, and TA YANG are the borrowers for Credit Tranche B, with our company and our Chairperson, Liao Tzu-chen, serving as joint guarantors.

～ 40 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

The Syndicated Loan Borrowers and joint guarantors have provided assets as collateral for this loan in accordance with the agreement. The key contractual terms as of December 31, 2025 are summarized as follows:

Item	Credit Limit $ 5,339,828 2,138,171 1,700,000 481,773 180,000	Utilized Limit 5,337,963 2,138,171 1,450,000 480,000 180,000	Actual Drawdown Amount Credit Period Repayment Method 3,926,259 5 years from drawdown Repay proportionally 1,801,409 5 years from drawdown Repay proportionally 1,450,000 5 years from drawdown One-time repayment at maturity - 2 years from drawdown One-time repayment at maturity 180,000 From the drawdown date to the maturity date Repayment by proportion 7,357,668	Repayment Method
Item A Item B Item C Item D Item E
	$ 9,839,772	9,586,134

The above credit limit is shared between the company and the syndicated loan borrower companies, and the utilized credit includes the combined amount used by the company and the syndicated loan borrower companies.

According to the terms of the credit agreement, during the loan's term, the company and its subsidiaries must maintain certain financial ratios, including a specific level of debt service coverage ratio and interest coverage ratio. The aforementioned financial metrics are calculated based on the consolidated financial statements of the company and its subsidiaries, prepared on a quarterly and annual basis.

On June 23, 2025, the Company requested the syndicated loan banks to waive the requirement that the principal and interest coverage ratio not fall below 1.5 times for the second, third, and fourth quarters of 2025 and the first quarter of 2026. Written consent from the majority of the syndicated loan banks was obtained on August 5, 2025.

The Company and its subsidiaries have complied with the relevant contractual covenants as of December 31, 2025 and 2024.

～ 41 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(XVII) Bonds Payable

The first domestic unsecured ordinary corporate bond Less: Discount on bonds payable Less: Part due within one year	2024.12.31 $ 450,000 (132) (449,868) $ -

The Consolidated Company issued NT$450,000 thousand in domestic unsecured corporate bonds on May 29, 2020. The bonds have a five-year term with a fixed interest rate of 1.35%, with annual interest paid on a simple interest basis, and the principal will be repaid in a lump sum at maturity. The Consolidated Company repaid NT$450,000 thousand in May 2025.

(XVIII) Lease Liabilities

The book value of the consolidated company’s lease liabilities is as follows:

2025.12.31 Current $ 27,696 Non-current $ 20,949 For maturity analysis, please refer to Note VI(XXVII) on liquidity risks. The amount recognized in profit or loss for leases is as follows:	2025.12.31 $ 27,696	2024.12.31 41,681
	$ 20,949	27,100

Interest Expense on Lease Liabilities Variable Lease Payments Not Included in Lease Liabilities Measurement Short-term Lease Expense Low-value Lease Asset Expense (excluding short-term low-value leases) The amount recognized in the cash flow statement for leases is Total Lease Cash Outflow	2025

～ 42 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

1. Important Lease Activities and Terms

The company leases land and buildings for office and base station use, typically for lease terms of one to ten years. Upon termination of the lease period, the company has no preferential purchase rights for the leased land and buildings and is prohibited from subleasing or transferring the leased property, in whole or in part, without the lessor's consent.

Please refer to Note VII for details of office leases with related parties as of December 31, 2025, and December 31, 2024.

2. Other Leases

The consolidated company has opted to apply the exemption for short-term leases and leases of

low-value assets, not recognizing related right-of-use assets and lease liabilities for these leases. (XIX) Employee Benefits

1. Defined Benefit Plans

The adjustment of the present value of the defined benefit obligation and the fair value of the plan assets is as follows:

Defined Benefit Obligation (Present Value) Fair Value of Plan Assets Net Defined Benefit Asset Net Defined Benefit Liability	2025.12.31 $ 190,617 (215,671)	2024.12.31 193,054 (202,069)
	$ (25,054)	(9,015)
	2025.12.31 $ (34,031) 8,977	2024.12.31 (23,160) 14,145
	$ (25,054)	(9,015)

(1) Composition of Plan Assets

The retirement fund allocated by the company in accordance with the Labor Standards Act is managed by the Ministry of Labor’s Bureau of Labor Funds (hereinafter referred to as the "Labor Fund Bureau"). In accordance with the "Regulations for the Receipt, Custody, and Utilization of the Labor Retirement Fund," the minimum annual return on the fund’s operation, as determined by the final accounts, shall not be lower than the return calculated based on the two-year fixed deposit interest rate of local banks.

As of the reporting date, the balance in the company’s Taiwan Bank Labor Retirement Fund Reserve Account amounts to NT$215,671 thousand. Information on the labor retirement fund asset utilization, including fund return rates and asset allocation, can be found on the Ministry of Labor's Bureau of Labor Funds website.

The company contributes to the Taiwan Bank Labor Retirement Fund Reserve Account under the defined benefit plan. For employees subject to the Labor Standards Act, the retirement payment is calculated based on the service years and the average salary of the last six months prior to retirement.

～ 43 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(2) Changes in the Present Value of Defined Benefit Obligation

The changes in the present value of the company’s defined benefit obligation are as follows:

Defined benefit obligation as of January 1 Current Service Cost Interest Expense Re-measurement of Net Defined Benefit Liability (Asset) -Actuarial Gains (Losses) Arising from Experience Adjustments -Actuarial Gains (Losses) Arising from Demographic Assumption Changes -Actuarial Gains (Losses) Arising from Financial Assumption Changes Benefits Paid from the Plan Settlement Paid from the Plan Liabilities Assumed from Business Combinations Defined benefit obligation as of December 31	2025 $ 193,054 160 3,130 (1,585) 3 4,477 (7,859) (763) -	2024 190,958 199 2,582 (1,792) (7,706) - (15,376) - 24,189
	$ 190,617	193,054

(3) Changes in the Fair Value of Plan Assets The changes in the fair value of the company’s defined benefit plan assets are as 2025 Fair Value of Plan Assets as of January 1 $ 202,069 Interest income 3,301 Re-measurement of Net Defined Benefit Liability (Asset) Plan Asset Returns (Excluding Interest) 14,212 Contributions to Plan Assets 2,526 Benefits Paid from the Plan (5,616) Planned settlement (821) Assets Acquired from Business Combinations - Fair Value of Plan Assets as of December 31 $ 215,671 (4) Expenses Recognized in Profit or Loss The company reports the following expenses: 2025 Current Service Cost $ 160 Net Interest on Net Defined Benefit Liability (Asset) (171) Settlement Gain/Loss 58 $ 47	(3) Changes in the Fair Value of Plan Assets The changes in the fair value of the company’s defined benefit plan assets are as 2025 Fair Value of Plan Assets as of January 1 $ 202,069 Interest income 3,301 Re-measurement of Net Defined Benefit Liability (Asset) Plan Asset Returns (Excluding Interest) 14,212 Contributions to Plan Assets 2,526 Benefits Paid from the Plan (5,616) Planned settlement (821) Assets Acquired from Business Combinations - Fair Value of Plan Assets as of December 31 $ 215,671 (4) Expenses Recognized in Profit or Loss The company reports the following expenses: 2025 Current Service Cost $ 160 Net Interest on Net Defined Benefit Liability (Asset) (171) Settlement Gain/Loss 58 $ 47	follows: 2024 178,523 2,230 17,322 12,708 (15,376) - 6,662
	$ 215,671	202,069
	2025 $ 160 (171) 58	2024 199 352 -
	$ 47	551

～ 46 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Operating Costs Operating Expenses Pre-merger Expenses Total	2025 $ (56) 103 -	2024 263 202 86
	$ 47	551

(5) Actuarial Assumptions

The significant actuarial assumptions used by the company to determine the present value of the defined benefit obligation as of the reporting date are as follows:

Discount Rate Future Salary Increase	2025.12.31 1.35~1.45% 2.00%	2024.12.31 1.65% 2.00%

The consolidated company expects to make contributions to the defined benefit plan of NT$2,636 thousand and NT$2,721 thousand for the years 2025 and 2024, respectively.

The weighted average duration of the defined benefit plan is expected to be 7-12 years for the year 2025 and 8-12 years for the year 2024.

(6) Sensitivity Analysis

The impact of changes in the key actuarial assumptions as of December 31, 2025, and December 31,

2024, on the present value of the defined benefit obligation is as follows:

December 31, 2025 Discount Rate (Change of 0.25%) Future Salary Increase (Change of 0.25%) December 31, 2024 Discount Rate (Change of 0.25%) Future Salary Increase (Change of 0.25%)	Effect on Defined Benefit Obligation Increase by 0.25% Decrease by 0.25% $ (4,156) 4,285 4,249 (4,141) $ (4,462) 4,609 4,581 (4,458)
	Increase by 0.25% $ (4,156) 4,249 $ (4,462) 4,581

The sensitivity analysis above is based on the effect of changes in a single assumption, with all other assumptions remaining constant. In practice, many assumptions may change simultaneously. The sensitivity analysis is consistent with the method used to calculate the net pension liability in the balance sheet.

The methods and assumptions used for the sensitivity analysis are the same as those in the prior period.

2. Defined Contribution Plan

The consolidated company’s defined contribution plan is in accordance with the Labor Pension Act, with contributions made at a rate of 6% of the employee's monthly salary to the individual accounts managed by the Labor Insurance Bureau. Under this plan, after the consolidated company contributes a fixed amount to the Labor Insurance Bureau, there is no further statutory or constructive obligation for additional payments.

The consolidated company’s pension expense under the defined contribution plan was NT$31,562

～ 46 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

thousand for the year 2025 and NT$30,606 thousand for the year 2024, both of which were paid to the Labor Insurance Bureau.

• (XX) Income Taxes

• Income Tax Expense

The details of the consolidated company’s income tax expense are as follows:

Current Income Tax Expense Current Tax Expense Adjustment of Prior Period Income Tax Deferred Income Tax Expense Temporary Differences	2025 $ 263,842 (4,067) (24,769)	2024 245,859 609 (26,720)
	$ 235,006	219,748

The income tax expense (benefit) recognized in other comprehensive income for the years 2025 and 2024 is as follows:

Item Not Reclassified to Profit or Loss Re-measurement of Defined Benefit Plans	2025 $ (2,544)	2024 (4,442)

Relationship between the income tax expense and pre-tax net profit for the consolidated company for the fiscal years 2025 and 2024 is as follows:

Income before tax Income tax calculated at the domestic tax rate of the company's country of residence Tax impact from adjustments based on tax laws Unrecognized taxable losses carried forward from the prior period Unrecognized taxable losses for the current period Changes in unrecognized temporary differences that are deductible Adjustments for prior period current and deferred income taxes Surplus undistributed earnings tax Income Tax Expense	2025 $ 799,283	2024 1,137,227
	$ 159,857 35,342 (802) 2,092 (111) 3,446 35,182	227,445 (15,673) (263) 5,784 1,379 1,076 -
	$ 235,006	219,748

～ 46 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

2. Deferred Tax Assets and Liabilities

(1) Unrecognized Deferred Tax Assets

The items that the consolidated company has not recognized as deferred tax assets are as follows:

Temporary differences deductible Tax losses	2025.12.31 $ 3,804 44,981	2024.12.31 3,915 42,595
	$ 48,785	46,510

Tax losses are subject to the provisions of the Income Tax Law, where the losses for the past ten years, once approved by the tax authorities, can be deducted from the current year's taxable income, and subsequent income tax assessments will be carried out. These items have not been recognized as deferred tax assets because the consolidated company does not expect to have sufficient taxable income in the future to utilize these temporary differences.

The unrecognized tax losses of the consolidated company, along with their deduction period and details, are as follows:

Final Deductible Year 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035	2025.12.31
	$ 224,903 212,977

～ 47 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(2) Recognized deferred tax assets and liabilities

The changes in deferred tax assets and liabilities are as follows:

Deferred Income Tax Asset January 1, 2025 Recognised in income statement Recognised in other comprehensive income December 31, 2025 January 1, 2024 Recognised in income statement Recognised in other comprehensive income December 31, 2024 Deferred Tax Liabilities January 1, 2025 Recognised in income statement Recognised in other comprehensive income December 31, 2025 January 1, 2024 Recognised in income statement Recognised in other comprehensive income December 31, 2024	Loss carryforward Impairment Loss Defined Benefit Plans $ 76,838 16,654 1,797 (545) - (1,031) - - (1,132) $ 76,293 16,654 (366) $ 72,486 16,000 4,762 4,352 654 (1,072) - - (1,893) $ 76,838 16,654 1,797 Customer relationships Property, plant, and equipment Defined benefit plans $ 230,067 51,114 4,895 (23,200) (649) (68) - - 1,412 $ 206,867 50,465 6,239 $ 253,267 51,763 2,275 (23,200) (649) 71 - - 2,549 $ 230,067 51,114 4,895	Loss carryforward $ 76,838 (545) -	Loss carryforward $ 76,838 (545) -	Loss carryforward $ 76,838 (545) -	Impairment Loss 16,654 - -	Defined Benefit Plans 1,797 (1,031) (1,132)	Defined Benefit Plans 1,797 (1,031) (1,132)	Others		Total
								5,808 2,426 -		101,097 850 (1,132)
		$ 76,293			16,654		(366)	8,234		100,815
		$ 72,486 4,352 -			16,000 654 -		4,762 (1,072) (1,893)	6,781 (973) -		100,029 2,961 (1,893)
		$ 76,838			16,654		1,797	5,808		101,097
				Property, plant, and equipment 51,114 (649) -			Defined benefit plans 4,895 (68) 1,412	Others		Total
	$ 230,067 (23,200) -							63 (2) -		286,139 (23,919) 1,412
	$ 206,867			50,465			6,239	61		263,632
	$ 253,267 (23,200) -			51,763 (649) -			2,275 71 2,549	44 19 -		307,349 (23,759) 2,549
	$ 230,067			51,114			4,895	63		286,139

3. Income Tax Assessment

The Company’s and its subsidiaries’ income tax returns have been examined and cleared by the tax authorities through 2023.

(XXI) Capital and Other Equity

1. Share Capital

As of December 31, 2025 and 2024, the authorized share capital of the company is NT$2,200,000 thousand, with a par value of NT$10 per share, consisting of 220,000 thousand shares.

As of December 31, 2025 and 2024, the issued shares of the company are 128,781 thousand shares and 125,613 thousand shares, respectively, all of which are common shares, and all issued shares have been fully paid.

(Expressed in thousands of shares) Beginning Balance on January 1 Common Share Stock Dividends Treasury Stock Cancellations Ending Balance on December 31	Common	Shares 2024 127,613 - (2,000)
	2025 125,613 3,768 (600)
	128,781	125,613

～ 48 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

2. Capital Surplus

The balance of the company’s capital surplus is as follows:

al Surplus The balance of the company’s capital surplus is as follows:
Available to offset losses, distribute cash, or increase share capital (1): Premium from issuing stock Difference between the acquisition or disposal of subsidiary shares and book value Available only to offset losses Recognized changes in the ownership equity of subsidiaries (2) Others	2025.12.31 $ 1,801,675 228,147 1,401,844 242	2024.12.31 1,810,322 228,147 1,398,571 242
	$ 3,431,908	3,437,282

• (1) This type of capital surplus may be used to offset losses, and when the company has no losses, it may be used to distribute cash or increase share capital. However, when increasing share capital, the annual increase is limited to a certain percentage of the paid-in capital. According to the Regulations Governing the Offering and Issuance of Securities by Securities Issuers, the capital surplus available for capital increase shall not exceed 10% of the paid-in capital in any given year.

• (2) This type of capital surplus is recognized when there are changes in the equity of subsidiaries, which occur before the company has actually acquired or disposed of subsidiary shares. It also includes adjustments to the capital surplus recognized using the equity method for subsidiaries.

• Retained Earnings and Dividend Policy

According to the company's Articles of Incorporation, the earnings distribution policy stipulates that at the end of each semi-annual accounting period, if there is profit, a provision for taxes must first be estimated and retained. This must be used to offset accumulated losses and allocate 10% of the statutory surplus reserve. However, if the statutory surplus reserve has reached the total paid-in capital, this requirement does not apply. Additionally, any required special surplus reserve is to be allocated or reversed according to laws or regulations set by the competent authorities. If there are remaining profits, the balance, along with any undistributed earnings from the previous half of the fiscal year, will be distributed based on a proposal drafted by the Board of Directors, subject to review by the Audit Committee, and presented to the Board for approval. If new shares are issued for the distribution, the shareholders' meeting must decide; if it is in cash, the Board of Directors will decide.

If there is profit at the end of the fiscal year, after paying all taxes and offsetting past years' losses, 10% of the profit must be allocated to the statutory surplus reserve, unless the statutory surplus reserve has already reached the total paid-in capital. Any remaining profit, after allocating the special surplus reserve according to laws or regulations, must have at least 25% allocated as dividends to shareholders. The remaining balance, together with the cumulative undistributed earnings for the first half of the year, will be subject to the distribution proposal by the Board of Directors and submitted to the shareholders' meeting for approval.

The company’s Articles of Incorporation also stipulate that employee and director Remuneration distribution policies are detailed in Note VI(XXIV) of the consolidated financial statements.

Furthermore, according to the Company's Articles of Incorporation, cash dividends should not be less

～ 50 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

than 50% of the total dividends distributed for the year. However, the percentage may be adjusted based on the company’s financial structure improvement or major capital expenditure plans for the year, and can be increased or decreased by resolution of the shareholders' meeting.

• (1) Statutory Surplus Reserve

The statutory surplus reserve must be allocated until its balance reaches the total paid-in capital of the company. The statutory surplus reserve may be used to offset losses. If the company has no losses, any portion of the statutory surplus reserve exceeding 25% of the paid-in capital may either be used to increase share capital or distributed in cash.

• (2) Special Surplus Reserve

In accordance with Financial Supervisory Commission (FSC) regulations, when distributing available earnings, the company shall allocate an amount equal to the net reduction in other equity items of shareholders from the current year’s after-tax net profit to a special surplus reserve. Any amount related to other equity items from previous periods, which have already been included in the undistributed earnings, will be allocated to the special surplus reserve from undistributed earnings in previous periods and cannot be distributed. If there is a reversal of other equity items in subsequent periods, the reversed portion may be used for dividend distribution.

• (3) Earnings Distribution

The company’s shareholders’ meetings held on May 28, 2025, and May 30, 2024, approved the earnings distribution proposals for the fiscal years 2024 and 2023, respectively. The following are the amounts of dividends distributed to the shareholders:

Dividends Distributed to Common Shareholders: Cash Shares	2024 Stock Dividend Rate(NT$) Amount $ 3.31 414,523 0.30 37,684 $ 452,207	2024 Stock Dividend Rate(NT$) Amount $ 3.31 414,523 0.30 37,684 $ 452,207	2023 Stock Dividend Rate(NT$) Amount 4.36 548,736 - - 548,736	2023 Stock Dividend Rate(NT$) Amount 4.36 548,736 - - 548,736
			Stock Dividend Rate(NT$) 4.36 -
		$ 452,207

～ 50 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

4. Other Equity (After-Tax Net Amount)

Balance as of January 1, 2025 Unrealized gains - on equity instruments Share of equity method associates Gains or losses from the disposal of equity instruments by subsidiaries and associates transferred to retained earnings Balance as of December 31, 2025 Balance as of January 1, 2024 Unrealized losses - on equity instruments Share of equity method associates Gains or losses from the disposal of equity instruments by subsidiaries and associates transferred to retained earnings Balance as of December 31, 2024	Unrealized gains or losses on financial assets measured at fair value through other comprehensive income: $ 5,086 1,483 (2,401) (1,217)
	$ 2,951
	$ (294,235) (6,122) (2,568) 308,011
	$ 5,086

5. Treasury Stock

In accordance with Article 28-2 of the Securities and Exchange Act and the "Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies", the company repurchased its own shares to maintain its credit and protect shareholders' rights. The repurchase was approved by the Board of Directors on February 28, 2025, and March 12, 2024. The changes in treasury stock are as follows: Changes in Treasury Stock for 2025:

Reason for Repurchase To maintain company credit and protect shareholders' rights	Beginning Shares -	(Expressed in thousands of shares) Current Period Increase Reduction for the period Ending Shares 600 (600) -	(Expressed in thousands of shares) Current Period Increase Reduction for the period Ending Shares 600 (600) -	(Expressed in thousands of shares) Current Period Increase Reduction for the period Ending Shares 600 (600) -

～ 51 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Changes in Treasury Stock for 2024:

Reason for Repurchase To maintain company credit and protect shareholders' rights	Beginning Shares -	(Expressed in thousands of shares) Current Period Increase Reduction for the period Ending Shares 2,000 (2,000) -	(Expressed in thousands of shares) Current Period Increase Reduction for the period Ending Shares 2,000 (2,000) -	(Expressed in thousands of shares) Current Period Increase Reduction for the period Ending Shares 2,000 (2,000) -

The company canceled treasury stock in September 2025 and August 2024 according to the law, with a par value of NT$6,000 thousand and NT$20,000 thousand, respectively. The undistributed earnings of NT$32,943 thousand and NT$124,547 thousand were offset accordingly.

Treasury shares held by the company cannot be pledged according to the Securities and Exchange Act, and before being transferred, they do not confer shareholder rights.

(XXII) Earnings Per Share (EPS)

• The calculation of basic and diluted earnings per share for the consolidated company is as follows:

• 1. Basic Earnings Per Share

Net profit attributable to common shareholders of the company Weighted average shares outstanding (thousands of shares) Basic Earnings Per Share (NT$) 2. Diluted Earnings Per Share Net profit attributable to common shareholders of the company Weighted average shares outstanding (thousands of shares) (basic) Impact of potential common shares with dilutive effect (thousands of shares) Employee Remuneration Weighted average shares outstanding (thousands of shares) (Adjusted for dilutive effect) Diluted Earnings Per Share (NT$) (XXIII) Revenue from Customer Contracts 1. Types of Revenue from Contracts Service revenue Merchandise sales revenue	2025 $ 541,338	2024 879,078
	128,927	129,381
	$ 4.20	6.79
	2025 $ 541,338	2024 879,078
	128,927 221	129,381 301
	129,148	129,682
	$ 4.19	6.78
	2025 $ 3,974,051 477,715	2024 3,995,680 371,771
	$ 4,451,766	4,367,451

For detailed disaggregation of revenue, please refer to Note XIV.

～ 52 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

2. Contract Balances

Notes receivable Accounts receivable – non-related parties Accounts receivable – related parties Less: Allowance for impairment loss Contract assets - – current Contract liabilities - – prepaid subscription fees Contract liabilities - – prepaid broadband service fees Contract liabilities - – prepaid advertising income Contract liabilities - – others	2025.12.31 $ 56,309 209,455 19,540 (10,900)	2024.12.31 64,500 238,889 11,431 (1,454)	2024.1.1 64,201 225,825 12,218 - 302,244 30,058 482,233 210,256 3,692 29,051 725,232
	$ 274,404	313,366
	$ 7,214	11,217
	$ 442,010 224,682 1,387 38,476	465,793 219,124 3,551 27,803
	$ 706,555	716,271

For disclosures on notes and accounts receivable and their impairment, please refer to Note VI(IV). (XXIV) Employee and Director Remuneration

On May 28, 2025, the Company’s shareholders resolved at the annual general meeting to amend the Articles of Incorporation. According to the amended Articles, if the Company reports a profit for the year, 1% to 5% of the profit shall be appropriated as employee remuneration, of which at least 5% shall be allocated to rank-and-file employees. The Board of Directors shall determine whether such remuneration is to be distributed in the form of stock or cash. Eligible recipients may include employees of the Company's subsidiaries or affiliates, subject to conditions set by the Board. Additionally, up to 3% of the profit may be allocated as director compensation, as resolved by the Board. The distribution of employee and director compensation shall be reported to the shareholders’ meeting. However, if the Company has accumulated losses, such losses must be covered before any allocation of employee and director compensation. Under the previous Articles of Incorporation, if the Company generates profit for the year, 1% to 5% shall be allocated as employee compensation, to be distributed in stock or cash as determined by the Board of Directors. Eligible recipients may include employees of the Company's subsidiaries or affiliates, subject to conditions set by the Board. Additionally, up to 3% of the profit may be allocated as director compensation, as resolved by the Board. The distribution of employee and director compensation shall be reported to the shareholders’ meeting. However, if the Company has accumulated losses, such losses must be covered before any allocation of employee and director compensation.

The employee and director compensation distributions for 2025 and 2024 are as follows:

Employee Remuneration Director Remuneration	2025 Estimated allocation rate Amount 1.8% $ 13,193 1.8% 13,212	2024 Estimated allocation rate Amount 2.0% $ 20,931 1.4% 14,589

～ 53 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

The above employee and director compensation amounts are estimated based on the Company’s pre-tax net profit for the period, before deducting employee and director compensation, multiplied by the allocation ratio specified in the Articles of Incorporation. These amounts are recognized as operating expenses for the respective years. If any adjustments occur after the issuance of the annual standalone financial statements, they will be treated as changes in accounting estimates and adjusted in the following year.

The approved distribution amounts for employee and director compensation in 2025 and 2024 are consistent with the amounts recognized in the respective standalone financial statements. Relevant information can be found on the "Market Observation Post System (MOPS)".

(XXV) Finance Costs

Details of finance costs of the consolidated company are as follows:

e found on the "Market Observation Post System (MOPS)". ce Costs Details of finance costs of the consolidated company are as	follows:
Interest on bank borrowings Interest on corporate bonds payable Interest on lease liabilities	2025 $ 224,451 2,614 1,428	2024 226,563 6,472 1,612 234,647
	$ 228,493

(XXVI) Financial Instruments

1. Fair Value Information

• (1) Fair Value Hierarchy of Financial Instruments

In measuring its assets and liabilities, the consolidated company uses observable market inputs as much as possible. External experts may be engaged when necessary to assist in fair value evaluation to ensure the results are reasonable. The levels of the fair value hierarchy are classified based on the input values used in the valuation techniques as follows:

• Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

• Level 2: Inputs other than quoted prices included within Level 1 that are observable either directly (i.e., as prices) or indirectly (i.e., derived from prices).

• Level 3: Inputs that are not based on observable market data (unobservable inputs).

• (2) Types and Fair Value of Financial Instruments

The financial assets measured at fair value through profit or loss and at fair value through other comprehensive income are measured on a recurring basis at fair value. The carrying amounts and fair values of various types of financial assets (including fair value hierarchy information, and excluding those whose carrying amounts approximate fair values and lease liabilities for which disclosure of fair value is not required) are as follows

quired) are as follows
Financial assets at fair value through profit or loss Beneficiary certificates of mutual funds Unlisted domestic equity investments:			2025.12.31
	Carrying Amount $ 5,300 -		Fair Value		Total 5,300 -
		Level 1 5,300 -	Level 2 - -	Level 3 - -
	$ 5,300

～ 54 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Financial assets at fair value through other comprehensive income Domestic listed (OTC) equity securities Unlisted domestic equity investments: Domestic Emerging Stocks Financial assets measured at amortized cost Cash and cash equivalents Financial Assets Measured at Amortized Cost-Time deposits Net accounts receivable and notes receivable Other receivables Refundable deposits Other Financial Assets Financial liabilities measured at amortized cost Bank borrowings Notes and accounts payable Other payables Lease liabilities Guarantee deposits received Financial assets at fair value through profit or loss Beneficiary certificates of mutual funds Unlisted domestic equity investments: Financial assets at fair value through other comprehensive income Domestic listed (OTC) equity securities Unlisted domestic equity investments:			2025.12.31	2025.12.31	Total 49,578 14,618 12,223 - - - - - - - - - - - Total 5,219 - 52,803 13,021
	Carrying Amount $ 49,578 14,618 12,223 $ 76,419 $ 1,073,749 3,500 274,404 11,809 131,343 502,422 $ 1,997,227 $ 7,389,921 315,128 377,138 48,645 353,824 $ 8,484,656		Fair Value
		Level 1 49,578 - - - - - - - - - - - - -	Level 2 - - 12,223 - - - - - - - - - - - 2024.12.31	Level 3 - 14,618 - - - - - - - - - - - -
	Carrying Amount $ 5,219 - $ 5,219 $ 52,803 13,021 $ 65,824		Fair Value
		Level 1 5,219 - 52,803 -	Level 2 - - - -	Level 3 - - - 13,021

～ 55 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Financial assets measured at amortized cost Cash and cash equivalents Financial Assets Measured at Amortized Cost-Time deposits Net accounts receivable and notes receivable Other receivables Refundable deposits Other Financial Assets Financial liabilities measured at amortized cost Bank borrowings Corporate bonds payable Notes and accounts payable Other payables Lease liabilities Guarantee deposits received			2024.12.31	2024.12.31
	Carrying Amount $ 1,210,625 3,500 313,366 15,403 126,520 588,947		Fair Value		Total - - - - - - - - - - - -
		Level 1 - - - - - - - - - - - -	Level 2 - - - - - - - - - - - -	Level 3 - - - - - - - - - - - -
	$ 2,258,361
	$ 7,282,979 449,868 301,720 426,505 68,781 353,693
	$ 8,883,546

1. Valuation Techniques for Financial Instruments Measured at Fair Value

The consolidated company holds beneficiary certificates and shares of domestic listed (and OTC) companies, which are financial assets with standard terms and conditions that are traded in active markets. The fair value of these instruments is determined based on quoted market prices.

For domestic emerging stock equity securities held by the consolidated company, fair value is determined based on the average transaction price on the Emerging Stock Market on the measurement date.

For shares of unlisted domestic companies held by the consolidated company, where no active market prices are available, fair value is estimated using the income approach. The key assumption involves estimating the fair value based on the expected future economic benefits generated by the investee and discounting those future cash flows to derive the present value of the investment.

1. Valuation Techniques for Financial Instruments Not Measured at Fair Value

The methods and assumptions used by the consolidated company to estimate the instruments not measured at fair value are as follows:

• (3.1) Financial assets measured at amortized cost

If quoted prices in active markets are available, such prices are used as the fair value. If market prices are not available, valuation techniques are applied or counterparty quotations are used.

• (3.2) Financial assets and liabilities measured at amortized cost

If transaction prices or quoted prices from market makers are available, the most recent transaction prices and quotations are used as the basis for estimating fair value. If no market value is available for reference, valuation techniques are applied. The estimates and assumptions used in such valuation techniques are based on discounted cash flow analysis to determine fair value.

～ 56 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

4. Transfers between Level 1 and Level 2

The equity securities of NADA HOLDINGS CORP. held by the consolidated company are classified as financial assets at fair value through other comprehensive income. As of December 31, 2025 and 2024, their fair values amounted to NT$12,223 thousand and NT$13,021 thousand respectively. As of December 31, 2024, the investment was classified as Level 3 due to the absence of quoted market prices and the use of significant unobservable inputs in measuring fair value. In September 2025, the investee’s shares were registered on the Emerging Stock Market, and the inputs used in valuation became observable, either directly or indirectly. Accordingly, as of December 31, 2025, the fair value measurement was transferred from Level 3 to Level 2.

1. Reconciliation of Movements in Level 3 Financial Instruments

January 1, 2025 Recognized in other comprehensive income Purchase Transferred out of Level 3 December 31, 2025 January 1, 2024 Recognized in other comprehensive income Purchase Disposal December 31, 2024	Financial assets at fair value through other comprehensive income $ 13,021 10,485 11,097 (19,985)
	$ 14,618
	$ 78,253 (7,213) 13,000 (71,019)
	$ 13,021

1. Quantitative Information on Significant Unobservable Inputs (Level 3) for Fair Value Measurement

The consolidated company's financial instruments classified as Level 3 fair value measurements primarily include equity investments measured at fair value through other comprehensive income.

These investments are in unlisted equity instruments, which involve multiple significant unobservable inputs. Since these unobservable inputs are independent of each other, there is no interrelationship among them.

(XXVII) Financial Risk Management Objectives and Policies

The consolidated company’s main financial instruments include bank deposits, equity investments,

receivables, refundable deposits, other financial assets, payables, corporate bonds payable, borrowings, and lease liabilities. The financial management department of the consolidated company provides services to business units, centrally coordinates operations in domestic financial markets, and monitors and manages financial risks associated with the company’s operations through internal risk reports analyzed based on risk significance and exposure. The risks include market risk (including interest rate risk), credit risk, and liquidity risk.

1. Market Risk

The consolidated company’s operations expose it primarily to interest rate risk.

There have been no changes in how the company manages and measures exposure to market risk related to financial instruments.

～ 57 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(1) Interest Rate Risk

Interest rate risk arises mainly from the consolidated company’s fixed- and variable-rate deposits and borrowings.

The carrying amounts of the financial assets and financial liabilities exposed to interest rate risk as of the balance sheet date are as follows:

Fair value interest rate risk Financial assets Financial liabilities Cash flow interest rate risk Financial assets Financial liabilities	2025.12.31 $ 365,146 48,645 1,275,647 7,389,921	2024.12.31 565,173 518,649 1,298,118 7,282,979

The sensitivity analysis of interest rate risk is based on non-derivative instruments' exposure as of the balance sheet date. For variable-rate liabilities, it is assumed that the outstanding amount at the balance sheet date remains outstanding throughout the reporting period. The rate of change reported internally to key management and used as the basis for reasonably possible changes in interest rates is ±0.25%. A 0.25% change in interest rates would result in a change in the consolidated company’s profit before tax of NT$15,286 thousand for 2025 and NT$14,962 thousand for 2024.

(2) Other Price Risk

The consolidated company is exposed to equity price risk due to investments in listed equity

securities. These investments are not held for trading purposes but are held as strategic investments.

2. Credit Risk

Credit risk refers to the risk of financial loss to the consolidated company if a counterparty fails to meet its contractual obligations. It mainly arises from financial assets such as cash and cash equivalents, accounts receivable, other receivables, and refundable deposits.

• (1) Maximum Exposure to Credit Risk

The maximum exposure to credit risk is represented by the carrying amount of financial assets and contract assets as well as the maximum amount the company could be required to pay under financial guarantee arrangements.

(2) Concentration of Credit Risk

The consolidated company has a broad and unrelated customer base; therefore, the concentration of credit risk is not high.

～ 58 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(3) Credit Risk of Receivables

Please refer to Note VI(IV) for information regarding the credit risk of notes and accounts receivable.

Other financial assets measured at amortized cost include other receivables, time deposits, and refundable deposits. These are considered low credit risk financial assets; therefore, a 12-month expected credit loss model is used to measure the allowance for loss.

The company’s policy is to transact only with reputable counterparties and, when necessary, to obtain collateral to mitigate the risk of financial loss from defaults. The consolidated company uses publicly available financial information and historical transaction records to assess major customers. Continuously monitor credit exposure and the credit ratings of counterparties, allocate the total transaction amount across customers with acceptable credit ratings, and control credit exposure through counterparty credit limits reviewed and approved by management. Credit risk related to bank deposits, fixed income investments, and other financial instruments is assessed and monitored by the finance department.

3. Liquidity Risk

The consolidated company manages liquidity risk by maintaining sufficient cash positions to support operations and mitigate the impact of cash flow fluctuations. Management monitors the usage of credit facilities and ensures compliance with borrowing terms and covenants.

The following table presents the maturity analysis of financial liabilities, including estimated interest payments but excluding the impact of netting arrangements.

December 31, 2025 Non-derivative financial liabilities Non-interest-bearing liabilities Lease liabilities Floating interest rate instruments December 31, 2024 Non-derivative financial liabilities Non-interest-bearing liabilities Lease liabilities Floating interest rate instruments Fixed interest rate instruments	Carrying Amount	Contractual Cash Flows	Within 1 Year	Over 1 Year 353,824 21,378 7,091,455
	$ 1,046,090 48,645 7,389,921	1,046,090 49,882 7,749,230	692,266 28,504 657,775
	$ 8,484,656	8,845,202	1,378,545	7,466,657
	$ 1,081,918 68,781 7,282,979 449,868	1,081,918 70,535 7,836,959 452,615	728,225 42,744 639,307 452,615	353,693 27,791 7,197,652 -
	$ 8,883,546	9,442,027	1,862,891	7,579,136

The consolidated company does not expect that the timing of the cash flows analyzed by maturity date will occur significantly earlier, nor that the actual amounts will differ significantly.

～ 59 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

(XXVIII) Capital Management

The consolidated company manages its capital to ensure it will continue as a going concern while optimizing the debt and equity structure to maximize shareholder returns.

The company’s capital structure consists of net debt (borrowings less cash) and equity (including ordinary share capital, capital surplus, retained earnings, and other equity items).

Key management of the consolidated company regularly reviews the capital structure, taking into account the cost and risk of various capital components. Based on their recommendations, the company may adjust its overall capital structure by paying dividends, issuing new shares, repurchasing shares, issuing new debt, or repaying existing debt.

(XXIX) Non-Cash Investing and Financing Activities

Non-cash investing and financing activities of the consolidated company for 2025 and 2024 are as follows:

1. Acquisition of right-of-use assets through lease arrangements (please refer to Note VI(IX)).

2. Reconciliation of liabilities arising from financing activities is as follows:

Short-term borrowings Long-term borrowings (including current portion due within one year) Corporate bonds payable Guarantee deposits received Lease liabilities Total liabilities from financing activities Short-term borrowings Long-term borrowings (including current portion due within one year) Corporate bonds payable Guarantee deposits received Lease liabilities Total liabilities from financing activities	2025.1.1 Cash Flows Non-Cash Changes 2025.12.31 $ 50,000 10,000 - 60,000 7,232,979 81,826 15,116 7,329,921 449,868 (450,000) 132 - 353,693 131 - 353,824 68,781 (49,158) 29,022 48,645
	$ 8,155,321 (407,201) 44,270 7,792,390
	2024.1.1 Cash Flows Non-Cash Changes 2024.12.31 $ - (55,000) 105,000 50,000 7,619,712 (402,876) 16,143 7,232,979 449,471 - 397 449,868 350,373 3,320 - 353,693 40,484 (41,821) 70,118 68,781
	$ 8,460,040 (496,377) 191,658 8,155,321

VII. Related Party Transactions

(I) Names and Relationships of Related Parties

The related parties that had transactions with the consolidated company during the reporting periods covered by these consolidated financial statements are as follows:

Name of Related Party PEIKANG CABLE TV CO., LTD. Dajia International Investment Co., Ltd MABOW CO., LTD.	Relationship with the Consolidated Company
	Associates Associates Associates

～ 60 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

JiaTech International Investment Co., Ltd. Associates CHOCO MEDIA CO., LIMITED Associates Kai-yueh Investment Co., Ltd. Other Related Party Yuan Fu Enterprises Co., Ltd. Other Related Party Freshfields International Co., Ltd. Other Related Party Sai-Na-Mei Recreation Development Co., Ltd. Other Related Party Yu-Ching Construction Co.,Ltd. Other Related Party Expetech Co., Ltd. Other Related Party Chia-Sheng Recreation Co., Ltd. Other Related Party Shui-tien Investment Co., Ltd. Other Related Party ILENS INTERNATIONAL CO., LTD. Other Related Party Chun-yu International Development Co., Ltd. Other Related Party KKCK CORPORATION LTD Other Related Party ABICO NetCom Co., Ltd. Other Related Party ABICO AVY CO., LTD. Other Related Party ABICO Asia Capital Corporation Other Related Party Outstanding Management Consultants CO., LTD. Other Related Party Jia Bang Smart Investment Co., Ltd. Other Related Party H2 Energy Co., Ltd. Other Related Party Chia Wang Capital Co., Ltd. (Chia Wang Capital) Other Related Party Wang, Sheng-Chun Key management personnel Liao Tzu-Chen Key management personnel (II) Transactions with Related Parties

1. Operating Revenue

ions with Related Parties ating Revenue
Related Party Category Associates Other Related Party Key management personnel	2025 $ 99,912 30,030 213	2024 98,671 12,077 102
	$ 130,155	110,850

The main transactions with the aforementioned related parties primarily involve agency costs paid for leasing channel programs from related parties. Pricing and payment terms are determined in accordance with contractual agreements. As the main counterparties are related parties, there are no comparable transactions with non-related parties.

1. Operating Costs

2. (1) Agency Costs

on-related parties. ating Costs gency Costs
Related Party Category Associates Other Related Party	2025 $ 25,683 802	2024 25,242 1,001
	$ 26,485	26,243

～ 61 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

The main transactions with the aforementioned related parties involve agency fees paid for leasing channels. Pricing and payment terms are determined by contract. Since the counterparties are related parties, there are no comparable transactions with third parties.

• (2) Purchases

Related Party Category Other Related Party gains and losses Account Item: Category/Name of Related Party: Other income Associates Other Related Party Rental income Other Related Party Operating expenses- Other Associates Other Related Party Interest income Other Related Party Other expenses Other Related Party	2025 246 2025.12.31 $ 285 647	2024 1,580
Other Related Party gains and losses Account Item: Other income Rental income Operating expenses- Other Interest income Other expenses
		2024.12.31 72 101
	$ 932	173
	$ 46	46
	5,089 4,358	1,820 1,109
	$ 9,447	2,929
	$ 41	-
	$ 85	-

1. Other gains and losses

4. Accounts Receivable from Related Parties

The details of the consolidated company’s accounts receivable from related parties are as follows:

Account Item: Accounts Payable Other receivables	Category/Name of Related Party: Associates Other Related Party Associates Other Related Party	2025.12.31 $ 1,498 18,042	2024.12.31 2,681 8,750
		$ 19,540	11,431
		$ 1,485 148	2,044 5
		$ 1,633	2,049

1. Accounts Payable to Related Parties

The details of accounts payable to related parties by the consolidated company are as follows:

Category/Name of Related

Account Item: Accounts payable Other payables	Party: Associates Other Related Party Associates Other Related Party	2025.12.31 $ 2,269 104	2024.12.31 2,957 470 3,427 2,614 1,531 4,145
		$ 2,373
		$ 2,742 916
		$ 3,658

～ 62 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

6. Other Assets and Liabilities

(1) The details of the consolidated company’s other assets related to related parties are as Account Item: Related Party Category 2025.12.31 Other current assets Other Related Party $ 66 Refundable deposits Other Related Party $ 6,919 (2) The details of the consolidated company’s other liabilities related to related parties are Account Item: Related Party Category 2025.12.31 Other current liabilities Other Related Party $ 1,118 Refundable deposits received Other Related Party $ 3 Account Item: Related Party Category 2025.12.31 Contract liabilities Other Related Party $ - Key management personnel 735 $ 735 7. Lease agreement Account Item: Related Party Category 2025.12.31 Right-of-use assets Other Related Party: Acquisition Sai-Na-Mei $ 101 Lease agreement Other Related Party: Sai-Na-Mei $ 274 Account Item: Related Party Category 2025 Finance costs Other Related Party: Sai-Na-Mei $ 154	(1) The details of the consolidated company’s other assets related to related parties are as Account Item: Related Party Category 2025.12.31 Other current assets Other Related Party $ 66 Refundable deposits Other Related Party $ 6,919 (2) The details of the consolidated company’s other liabilities related to related parties are Account Item: Related Party Category 2025.12.31 Other current liabilities Other Related Party $ 1,118 Refundable deposits received Other Related Party $ 3 Account Item: Related Party Category 2025.12.31 Contract liabilities Other Related Party $ - Key management personnel 735 $ 735 7. Lease agreement Account Item: Related Party Category 2025.12.31 Right-of-use assets Other Related Party: Acquisition Sai-Na-Mei $ 101 Lease agreement Other Related Party: Sai-Na-Mei $ 274 Account Item: Related Party Category 2025 Finance costs Other Related Party: Sai-Na-Mei $ 154	follows: 2024.12.31 234
	$ 6,919	8,067
		as follows: 2024.12.31 -
	$ 3	3
	2025.12.31 $ - 735	2024.12.31 1,689 1,390
	$ 735	3,079
	2025.12.31 $ 101	2024.12.31 17,627
	$ 274	14,809
	2025 $ 154	2024 494

The lease agreements between the consolidated company and related parties are negotiated with reference to prevailing market rates, and payments are made under normal payment terms. 8. Others

According to the contract, the consolidated company purchased LINE TV VIP license codes from CHOCO MEDIA CO., LIMITED, amounting to NT$22,857 thousand in each of 2025 and 2024.

1. Acquisition of Property, Plant and Equipment

Related Party Category Other Related Party: Sai-Na-Mei Expetech Co., Ltd. I TA-FU Co., Ltd.	2025.12.31 $ 277,482 234	2024.12.31 - -
	$ 277,716	-

In August 2025, the consolidated company acquired two properties in Nantou and Yunlin from other related parties – Sai-Na-Mei, with a total land area of 1,241 pings. The total price of the land was NT$249,331 thousand, and the total price of the buildings was NT$28,151 thousand, amounting to NT$277,482 thousand in total. The transfer procedures were completed in October 2025. The acquisition

～ 64 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

cost of the land and buildings was determined with reference to the appraisal report issued by CCIS Real Estate Joint Appraisers Firm. For information on property, plant, and equipment, please refer to Note 6(8).

(III) Transactions with key management personnel

Compensation of key management personnel comprises:

Short-term employee benefits Post-employment benefits	2025 $ 110,155 1,354	2024 113,611 1,616
	$ 111,509	115,227

The remuneration of directors and other key management personnel is determined by the Remuneration Committee based on individual performance and market trends.

VIII. Pledged Assets

(I) The consolidated company pledged the following assets to the National Communications Commission and CTBC Bank to guarantee advance subscription fees and participation in government subsidy programs, as well as collateral for bank loans and customs duty guarantees.

Asset Name Refundable deposits Other financial assets – current (Recognized under other current assets) Other financial assets – non-current (Recognized under other non-current assets)	2025.12.31 $ 64,490 12,169 33,240 $ 109,899	2024.12.31 64,101 8,500 67,740
		140,341

(II) The Company and its subsidiaries pledged the following assets as collateral for syndicated bank loans: The Company:

Asset Name Investments accounted for using the equity method Property, plant, and equipment Other financial assets – non-current Notes receivable (Note 1) Chia-Lien Cable TV Asset Name Investments accounted for using the equity method Property, plant, and equipment Other financial assets – non-current Notes receivable	2025.12.31 $ 13,024,360 283,034 61,596 36,476	2024.12.31 13,436,480 6,953 120,703 69,676
	$ 13,405,466	13,633,812
	2025.12.31 $ 436,262 108,888 35,822 2,462	2024.12.31 454,994 120,211 42,051 3,748
	$ 583,434	621,004

～ 64 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

CNT CATV Asset Name Investments accounted for using the equity method Property, plant, and equipment Other financial assets – non-current Notes receivable Da-Tun Cable TV Asset Name Investments accounted for using the equity method Property, plant, and equipment Other financial assets – non-current Notes receivable top Light Communications Asset Name Financial assets at fair value through other comprehensive income – non-current Investments accounted for using the equity method Property, plant, and equipment Other financial assets – non-current Notes receivable Taiwan Infrastructure Network Technology Asset Name Investments accounted for using the equity method Property, plant, and equipment Other financial assets – non-current Notes receivable	2025.12.31 $ 620,138 100,749 15,230 1,770	2024.12.31 652,705 88,735 25,596 8,469
	$ 737,887	775,505
	2025.12.31 $ 386,209 47,270 109,923 2,292	2024.12.31 416,504 46,569 104,298 1,566
	$ 545,694	568,937
	2025.12.31 $ 40,159 778,864 299,917 172,439 16,000	2024.12.31 40,953 810,511 317,100 168,280 12,314
	$ 1,307,379	1,349,158
	2025.12.31 $ 73,725 34,954 24,200 1,556	2024.12.31 75,588 36,604 20,803 1,569
	$ 134,435	134,564

～ 65 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

Te-Chun Asset Name Investments accounted for using the equity method Other financial assets – non-current Hsin Yeong An Cable TV Asset Name Property, plant, and equipment Other financial assets – non-current Notes receivable (Note 2) Ta Yang Cable TV Asset Name Property, plant, and equipment Other financial assets – non-current Notes receivable (Note 3) Sin He Digital Technology Asset Name Investments accounted for using the equity method Other financial assets – non-current Jiaxing Intelligent Technology Asset Name Other financial assets – non-current A-First Technology Asset Name Other financial assets – non-current	2025.12.31 $ 2,401,777 6,287	2024.12.31 2,439,185 6,244
	$ 2,408,064	2,445,429
	2025.12.31 $ 278,384 9,850 7,958	2024.12.31 273,894 12,248 26,598
	$ 296,192	312,740
	2025.12.31 $ 125,661 2,127 1,963	2024.12.31 127,326 4,585 6,978
	$ 129,751	138,889
	2025.12.31 $ 2,461 4,919	2024.12.31 2,152 960
	$ 7,380	3,112
	2025.12.31 $ 280	2024.12.31 1
	2025.12.31 $ 14,340	2024.12.31 150

• Note 1: As of December 31, 2025 and 2024, the pledged amounts of notes receivable were NT$36,476 thousand and NT$69,676 thousand, respectively. After offsetting against contract liabilities – current of NT$15,168 thousand and NT$47,090 thousand, the net carrying amounts were NT$21,308 thousand and NT$22,586 thousand, respectively.

• Note 2: As of December 31, 2024, the pledged amount of notes receivable was NT$26,598 thousand. After offsetting against contract liabilities – current of NT$18,288 thousand, the net carrying amount was NT$8,310 thousand.

• Note 3: As of December 31, 2024, the pledged amount of notes receivable was NT$6,978 thousand. After offsetting against contract liabilities – current of NT$4,842 thousand, the net carrying amount was NT$2,136 thousand.

～ 66 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

IX. Significant Contingent Liabilities and Unrecognized Contract Commitments: None.

X. Significant Losses from Disasters: None.

XI. Significant Subsequent Events: None.

XII. Others

A summary of employee benefits, depreciation, depletion, and amortization expenses by function is as follows:

By Function By Nature	2025	2025	2025	2024	2024	2024
	Classified as Operating Costs	Classified as Operating Expenses	Total	Classified as Operating Costs	Classified as Operating Expenses	Total
Employee benefit expenses
Salary expenses	206,910	425,410	632,320	207,903	399,268	607,171
Labor and health insurance expenses	23,977	43,052	67,029	23,389	38,559	61,948
Pension expenses	11,234	20,375	31,609	11,483	19,588	31,071
Other employee benefit expenses	13,547	29,458	43,005	11,658	24,374	36,032
Depreciation expense	300,495	68,693	369,188	301,058	58,708	359,766
Amortization expense	116,000	3,060	119,060	116,022	2,011	118,033

XIII. Disclosure of Additional Information

• (I) Information on Significant Transactions

In accordance with the “Regulations Governing the Preparation of Financial Reports by Securities

Issuers”, the significant transactions of the consolidated company for 2025 are disclosed as follows:

1. Loans to others: Please refer to Table 1.

2. Endorsements and guarantees for others: Please refer to Table 2.

3. Marketable securities held at the end of the reporting period (excluding investments in subsidiaries, associates, and joint ventures): Please refer to Table 3.

4. Purchases or sales with related parties reaching NT$100 million or 20% of paid-in capital: Please refer to Table 4.

5. Receivables from related parties reaching NT$100 million or 20% of paid-in capital: None.

6. Intercompany relationships and significant intercompany transactions between the parent and subsidiaries: Please refer to Table 5.

7. (II) Information on Investments in Subsidiaries and Associates: Please refer to Table 6.

8. (III) Information on Investments in Mainland China: None.

～ 67 ～

The consolidated financial statement notes of Taiwan Optical Platform Co., Ltd. and its subsidiaries (Continued).

XIV. Department Information

The information provided to the chief operating decision maker for the purpose of allocating resources and assessing performance is focused on the types of products or services delivered or provided. The reportable departments of the consolidated company include: video service revenue, channel leasing revenue, broadband revenue, advertising revenue, circuit leasing revenue, and others.

• (I) Department Revenue and Operating Results

Revenue and operating results from continuing operations of the consolidated company are analyzed by reportable departments as follows:

Video Service Revenue Broadband Revenue Channel Leasing Revenue Advertising Revenue Circuit Leasing Revenue Other Total for Continuing Operations Financial Costs Share of profit of associates accounted for using the equity method Interest income Bargain purchase gain Other Income Impairment Loss Other Gains and Losses Income Before Tax (Continuing Operations)	Department Revenue 2025 2024 2,195,188 2,323,499 765,068 714,520 253,003 266,491 231,299 215,855 111,043 107,368 896,165 739,718	Department Revenue 2025 2024 2,195,188 2,323,499 765,068 714,520 253,003 266,491 231,299 215,855 111,043 107,368 896,165 739,718	Department Revenue 2025 2024 2,195,188 2,323,499 765,068 714,520 253,003 266,491 231,299 215,855 111,043 107,368 896,165 739,718	Department Profit or Loss 2025 2024 463,173 571,746 385,406 358,489 169,234 182,505 (6,088) 4,041 47,252 31,916 125,547 130,262	Department Profit or Loss 2025 2024 463,173 571,746 385,406 358,489 169,234 182,505 (6,088) 4,041 47,252 31,916 125,547 130,262
	2025 2,195,188 765,068 253,003 231,299 111,043 896,165			2025 463,173 385,406 169,234 (6,088) 47,252 125,547
	$ 4,451,766	4,367,451		1,184,524 (228,493) (37,365) 18,414 - 33,619 (163,018) (8,398)	1,278,959 (234,647) 2,868 21,903 17,591 57,751 (3,271) (3,927)
			$ 799,283		1,137,227

The reported revenue represents income from transactions with external customers.

Department profit or loss refers to the profit generated by each department, excluding non-operating

income and expenses and income tax expense. These performance measures are provided to the chief operating decision maker for the purpose of resource allocation and performance assessment.

• (II) Department Assets and Liabilities

The consolidated company does not provide reportable department assets and liabilities to the chief operating decision maker.

• (III) Information on Major Customers

For the years ended December 31, 2025 and 2024, no revenue from a single customer accounted for 10% or more of the total consolidated revenue.

～ 68 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Funds Lent to Others

January 1, 2025, to December 31, 2025

Table 1

Unit: NT$ Thousand

No.	Lender Company	Borrower (Note 3)	Account Item	Related Party	Maximum Amount for the Period (Note 4)	Ending balance (Note 4)	Actual Amount Drawn	Interest Rate Range	Nature of Loan (Note 1)	Business Transaction Amount	Reason for Short-Term Funding Need	Provision for allowance for loss	Collateral	Collateral	Individual Loan Limit to Borrower (Note 1)	Total Loan Limit (Note 2)
													Name	Value
0 0 0 0 1 1 1 2 3 3 3 3	The Company The Company The Company The Company Chia-Lien Cable TV Chia-Lien Cable TV Chia-Lien Cable TV ST media Taiwan Infrastructure Network Technology Taiwan Infrastructure Network Technology Taiwan Infrastructure Network Technology Taiwan Infrastructure Network Technology	CNT CATV TV Te-Chun Ta Yang Cable Television Hsin Yeong An Cable Company Ta Yang Cable Television CNT CATV TV Hsin Yeong An Cable Company MAYFAIR HOUSE CO., LTD. CNT CATV TV Hsin Yeong An Cable Company Hsin He Digital Technology Ta Yang Cable Television	Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties	Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes	70,000 20,000 30,000 50,000 70,000 40,000 50,000 80,000 50,000 50,000 6,000 40,000	70,000 - 30,000 50,000 70,000 - 50,000 - 40,000 - 6,000 40,000	40,000 - 30,000 50,000 70,000 - 50,000 - 40,000 - 6,000 40,000	2.83810% - 2.83815% 2.83810% 2.83815% - 2.83815% - 2.83815% - 2.83780% 2.83815%	Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing	- - - - - - - - - - - -	Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover	- - - - - - - - - - - -		- - - - - - - - - - - -	3,252,839 3,252,839 3,252,839 3,252,839 280,577 280,577 280,577 308,922 130,648 130,648 130,648 130,648	3,252,839 3,252,839 3,252,839 3,252,839 280,577 280,577 280,577 308,922 130,648 130,648 130,648 130,648

～ 69 ～

No.	Lender Company	Borrower (Note 3)	Account Item	Related Party	Maximum Amount for the Period (Note 4)	Ending balance (Note 4)	Actual Amount Drawn	Interest Rate Range	Nature of Loan (Note 1)	Business Transaction Amount	Reason for Short-Term Funding Need	Provision for allowance for loss	Collateral	Collateral	Individual Loan Limit to Borrower (Note 1)	Total Loan Limit (Note 2)
													Name	Value
4 5 5 5 6 7	Da-Tun Cable TV top Light Communications Co., Ltd. top Light Communications Co., Ltd. top Light Communications Co., Ltd. Te-Chun Sin-Long Multimedia	Ta Yang Cable Television CNT CATV TV Hsin Yeong An Cable Company Ta Yang Cable Television Ta Yang Cable Television CredereMedia	Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties Other Receivables - Related Parties	Yes Yes Yes Yes Yes Yes	40,000 30,000 30,000 30,000 10,000 2,600	20,000 - 20,000 30,000 - 2,600	- - - 30,000 - 2,600	2.83810% - 2.83815% 2.83810% - 2.30000%	Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing Short-term Financing	- - - - - -	Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover Working Capital Turnover	- - - - - -		- - - - - -	235,327 561,116 561,116 561,116 611,790 9,632	235,327 561,116 561,116 561,116 611,790 9,632

Note 1: For loans to a single company with business transactions, the ceiling is limited to 100% of the total transaction amount between the two parties during the 12-month period prior to the loan (the "transaction amount" refers to the higher of purchase or sales between the parties), and the total loan shall not exceed 40% of the net worth of the Company and its subsidiaries. For loans made due to short-term financing needs, the limit is capped at 40% of the net worth of the Company and its subsidiaries.

• Note 2: The total amount of funds lent by the company and its subsidiaries (excluding SHINE TREND media) shall not exceed 95% of the net value of the company and its subsidiaries. For companies involved in business transactions, the total amount shall not exceed 95% of the net value of the company and its subsidiaries (excluding SHINE TREND media); for short-term financing purposes, the total amount shall not exceed 40% of the net value of the company and its subsidiaries (excluding SHINE TREND media). The total amount of funds lent by SHINE TREND media and its subsidiaries shall not exceed 40% of the net value of SHINE TREND media and its subsidiaries. For companies involved in business transactions, the total amount shall not exceed 40% of the net value of the company and its subsidiaries; for short-term financing purposes, the total amount shall not exceed 40% of the net value of the company and its subsidiaries.

Note 3: Refer to Note IV(III) of the consolidated financial statements.

Note 4: Amounts approved by the Board of Directors.

～ 70 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Endorsements and Guarantees

January 1 to December 31, 2025

Table 2

Unit: NT$ Thousand

No.	Endorser/ Guarantor	Endorsee	Endorsee	Limit for Each Endorsee (Note 2)	Maximum Balance During the Period	Ending Balance	Amount Actually Drawn (Note 3)	Amount Secured by Collateral	Ratio of Accumulated Endorsements to Net Worth (%)	Maximum Endorsement Limit (Note 2)	Parent Company Endorsement to Subsidiary	Subsidiary Endorsement to Parent	Endorsement to PRC Entity
		Company Name	Relationship
0 0 0 1 2 3 4 5 6 7 8 9 10	The Company The Company The Company top Light Communications Co., Ltd. CNT CATV TV Chia-Lien Cable TV Da-Tun Cable TV Taiwan Infrastructure Network Technology Hsin He Digital Technology A-First Company Hsin Yeong An Cable Company Ta Yang Cable Television Te-Chun	Hsin Yeong An Cable Company Ta Yang Cable Television Te-Chun The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company	Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1	16,264,198 16,264,198 16,264,198 2,104,186 1,244,394 1,052,164 882,478 1,306,484 47,370 63,573 15,881,720 16,272,100 6,117,908	510,000 610,000 1,090,000 970,000 270,000 120,000 90,000 160,000 15,100 15,200 1,610,000 1,010,000 3,715,000	510,000 610,000 1,090,000 970,000 270,000 120,000 90,000 160,000 15,100 15,200 1,610,000 1,010,000 3,715,000	414,775 498,163 888,471 5,556,259 5,556,259 5,556,259 5,556,259 5,556,259 5,556,259 5,556,259 5,556,259 5,556,259 5,556,259	13,405,466 13,405,466 13,405,466 1,307,379 737,887 583,434 545,694 134,435 7,380 14,340 296,192 129,751 2,408,064	6.27% 7.50% 13.40% 69.15% 32.55% 17.11% 15.30% 48.99% 318.77% 35.87% 101.37% 124.14% 242.89%	28,462,346 28,462,346 28,462,346 4,208,373 2,488,788 2,104,329 1,764,957 1,633,105 71,055 127,146 23,822,580 20,340,125 9,176,862	Y Y Y N N N N N N N N N N	N N N Y Y Y Y Y Y Y Y Y Y	N N N N N N N N N N N N N

～ 71 ～

No.	Endorser/ Guarantor	Endorsee	Endorsee	Limit for Each Endorsee (Note 2)	Maximum Balance During the Period	Ending Balance	Amount Actually Drawn (Note 3)	Amount Secured by Collateral	Ratio of Accumulated Endorsements to Net Worth (%)	Maximum Endorsement Limit (Note 2)	Parent Company Endorsement to Subsidiary	Subsidiary Endorsement to Parent	Endorsement to PRC Entity
		**Company Name **	Relationship
11	Jiaxing Intelligent Technology Company	The Company	Note 1	4,921	200	200	5,556,259	280	6.10%	9,843	N	Y	N

Note 1: Refer to Note IV(III) of the consolidated financial statements.

Note 2: Limit for each endorsee: The Company: 200% of net worth; top LIGHT COMMUNICATIONS, CNT CATV, Chia-Lien Cable TV, Da-Tun Cable TV, A-FIRST Company, Jiaxing Intelligent Technology Company: 150% of net worth; TAIWAN OPTICAL PLATFORM and Te-Chun Company: 400% of net worth; Hsin Yeong An Cable Company and Hsin He DIGITAL TECHNOLOGY CO. LTD.: 10 times net worth; Ta Yang Cable Television: 20 times net worth.

“ Maximum endorsement limit”: The Company: 350% of net worth; top LIGHT COMMUNICATIONS, CNT CATV, Chia-Lien Cable TV, Da-Tun Cable TV, A-FIRST Company, Jiaxing Intelligent Technology Company: 300%; TAIWAN OPTICAL PLATFORM: 500%; Te-Chun Company: 600%; Hsin Yeong An Cable Company and Hsin He DIGITAL TECHNOLOGY CO. LTD.: 15 times net worth; Ta Yang Cable Television: 25 times net worth.

Note 3: The actual amount drawn is based on the conditions of the syndicated credit agreement, where the joint guarantors and syndicated loan borrowers collectively provide an endorsement guarantee within the endorsement limit. The total endorsement guarantee amount is NT$7,975,500,000, with the actual amount drawn being NT$5,556,259,000.

～ 72 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Securities held at the end of the reporting period (excluding investments in subsidiaries, associates, and joint ventures)

December 31, 2025

Table 3

Unit: NT$ Thousand

Company held	Marketable Securities	Marketable Securities	Relationship with the issuer of the securities	Account title	End ofperiod	End ofperiod	End ofperiod	End ofperiod	Highest ownership percentage during the period
	Category	Name			Number of shares	Carrying Amount	Shareholding Percentage	Fair Value
top Light Communications Co., Ltd.	Stock	Dafeng TV Ltd.	-	Financial assets at fair value through other comprehensive income-non-current	792	38,062	0.50%	38,062	0.50%

Note: For items measured at fair value, the carrying amount represents the balance after fair value adjustments.

～ 73 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Purchases or sales with related parties reaching NT$100 million or 20% of paid-in capital

January 1 to December 31, 2025

Table 4

Unit: NT$ Thousand

Companies for purchases (sales)	Transaction Parties	Relationship	Transaction information	Transaction information	Transaction information	Transaction information	Circumstances and reasons for transaction terms differing from those of ordinary transactions	Circumstances and reasons for transaction terms differing from those of ordinary transactions	Notes and Accounts Receivable	Notes and Accounts Receivable	Note
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit Period	**Unit price **	Credit Period	Balance	Percentage of total Notes and Accounts Receivable
The Company The Company The Company The Company The Company The Company CNT CATV TV top Light Communications Co., Ltd. Chia-Lien Cable TV Hsin Yeong An Cable Company	Hsin Yeong An Cable Company CNT CATV TV top Light Communications Co., Ltd. Chia-Lien Cable TV Da-Tun Cable TV Ta Yang Cable Television The Company The Company The Company The Company	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Parent Company Parent Company Parent Company Parent Company	Program copyright licensing agency income and other Program copyright licensing agency income and other Program copyright licensing agency income and other Program copyright licensing agency income and other Program copyright licensing agency income and other Program copyright licensing agency income and other Program copyright costs and others Program copyright costs and others Program copyright costs and others Program copyright costs and others	(389,163) (259,000) (249,020) (218,474) (195,880) (103,870) 239,615 233,178 203,820 378,243	(21.55)% (14.34)% (13.79)% (12.10)% (10.85)% (5.75)% 43.28% 52.14% 60.56% 54.26%	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1	Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1	976 5,609 4,022 3,742 2,974 269 (687) (654) (775) (21)	1.65% 9.46% 6.78% 6.31% 5.01% 0.45% (2.32)% (7.20)% (13.09)% (0.14)%

～ 74 ～

Da-Tun Cable TV Ta Yang Cable Television	The Company The Company	Parent Company Parent Company	Program copyright costs and others Program copyright costs and others	183,271 100,870	60.54% 48.48%	No significant difference No significant difference	Note 1 Note 1	Note 1 Note 1	(629) (6)	(19.23)% (0.03)%

Note 1: The primary counterparties are related parties; therefore, there are no general counterparties available for comparison. Note 2: The above transactions have been eliminated during the preparation of the consolidated financial statements.

～ 75 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries

Intercompany relationships and significant intercompany transactions between the parent and subsidiaries

January 1 to December 31, 2025

Table 5

Unit: NT$ Thousand

No.	Name of Counterparty	Transaction Counterparty	Relationship with Counterparty (Note 1)	Transaction Details	Transaction Details	Transaction Details	Transaction Details
				Account Title	Amount	Transaction Terms	Percentage of Total Consolidated Revenue or Total Assets
0 0 0 0 0 0 0 0 0 0 1 1 2 2 2 3 4 4 5 6	The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company CNT CATV TV CNT CATV TV Chia-Lien Cable TV Chia-Lien Cable TV Chia-Lien Cable TV Da-Tun Cable TV top Light Communications top Light Communications Ta Yang Cable Television Hsin Yeong An Cable Company	CNT CATV TV CNT CATV TV Taiwan Infrastructure Network Technology Chia-Lien Cable TV Da-Tun Cable TV top Light Communications Ta Yang Cable Television Ta Yang Cable Television Hsin Yeong An Cable Company Hsin Yeong An Cable Company Taiwan Infrastructure Network Technology Taiwan Infrastructure Network Technology Taiwan Infrastructure Network Technology Ta Yang Cable Television Hsin Yeong An Cable Company Taiwan Infrastructure Network Technology Taiwan Infrastructure Network Technology Ta Yang Cable Television Taiwan Infrastructure Network Technology Te-Chun	1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2	Operating revenue Other receivables Operating revenue Operating revenue Operating revenue Operating revenue Operating revenue Other receivables Operating revenue Other receivables Operating revenue Other receivables Operating revenue Other receivables Other receivables Operating revenue Operating revenue Other receivables Other receivables Operating costs	259,000 41,905 44,859 218,474 195,881 249,020 103,871 30,405 389,163 50,831 45,492 45,356 44,286 70,166 50,118 55,116 80,948 30,071 40,100 75,771	30 days - 30 days 30 days 30 days 30 days 30 days - 30 days - 30 days - 30 days - - 30 days 30 days - - 30 days	5.82% 0.23% 1.01% 4.91% 4.40% 5.59% 2.33% 0.17% 8.74% 0.28% 1.02% 0.25% 0.99% 0.39% 0.28% 1.24% 1.82% 0.17% 0.22% 1.70%

Note: 1. 1. Parent Company to Subsidiary 2. Subsidiary to Subsidiary

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

～ 76 ～

Taiwan Optical Platform Co., Ltd. and its subsidiaries Information on Investments in Subsidiaries and Associates (excluding invested companies in Mainland China)

January 1, 2025, to December 31, 2025

Table 6

Unit: NT$ Thousand

Name of Investor	Name of Investee	Location	Main Business Items	Initial Investment Amount	Initial Investment Amount	Shareholding at the end year	Shareholding at the end year	Shareholding at the end year	Maximum investment ratio during the period	(Loss)/gain of investee in the current year	Investment (loss)/gain recognized in the currentyear	Remark (Note 2)
				End of Current Year	End of Current Year	Number of Shares	Shareholding％	Carrying amount
The Company The Company The Company The Company The Company The Company The Company The Company The Company The Company top Light Communications top Light Communications CNT CATV	top Light Communications CNT CATV tint CHIA-LIEN DA-TUN Te-Chun ST media A-First Sin He Digital Technology Co., Ltd. Peikang Peikang Te-Chun Peikang	Taichung Nantou County Taichung Yunlin County Taichung Tainan City Taichung Taichung Taichung Yunlin County Yunlin County Tainan City Yunlin County	Cable television system operations Cable television system operations Type II telecommunications, etc. Cable television system operations Cable television system operations Cable television system operator Broadcasting and television Wholesale and retail telecommunication equipment, etc. Management Consulting Cable television system operations Cable television system operations Cable television system operator Cable television system operations	3,339,949 1,256,059 244,734 1,658,407 1,600,999 5,651,828 287,727 41,914 37,674 7,860 131,361 702,469 203,835	3,339,949 1,256,059 244,734 1,658,407 1,600,999 5,651,828 287,727 41,914 37,674 7,860 131,361 702,469 203,835	123,673 60,000 15,000 64,601 62,228 72,311 18,379 4,600 5,000 335 2,058 9,428 3,194	98.94% 100.00% 100.00% 98.94% 98.77% 74.92% 65.17% 100.00% 100.00% 1.52% 9.35% 9.77% 14.52%	2,652,534 1,825,923 326,621 1,342,212 1,158,919 5,233,722 843,729 49,550 4,738 8,277 96,517 682,347 149,866	98.94% 100.00% 100.00% 98.94% 98.77% 74.92% 65.17% 100.00% 100.00% 1.52% 9.35% 9.77% 14.52%	(48,833) (11,706) 123,775 6,832 (23,569) 155,292 73,910 1,557 (1,705) 13,273 13,273 155,292 13,273	(48,317) (11,706) 123,775 6,759 (23,279) 44,874 48,172 1,557 (1,705) 202 1,242 5,850 1,927	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Associate Subsidiary Associate

～ 77 ～

Name of Investor	Name of Investee	Location	Main Business Items	Initial Investment Amount	Initial Investment Amount	Shareholding at the end year	Shareholding at the end year	Shareholding at the end year	Maximum investment ratio during the period	(Loss)/gain of investee in the current year	Investment (loss)/gain recognized in the current year	Remark
				End of Current Year	End of Current Year	Number of Shares	Shareholding％	Carrying amount
CNT CATV DA-TUN DA-TUN DA-TUN ST media ST media ST media ST media ST media ST media Te-Chun Te-Chun Sin He Digital Technology Co., Ltd. CHIA-LIE N CHIA-LIE N CHIA-LIE N	Te-Chun Peikang Te-Chun CHOCO Media Development Corporation Sin-Long Multimedia Co., Ltd. Sin-Chi Multimedia Co., Ltd. CredereMedia MAYFAIR HOUSE CHOCO HSIN YEONG AN TA YANG Jia-Sing Smart Technology Co., Ltd. Daijia Te-Chun CHOCO	Tainan City Yunlin County Tainan City Taipei City Taipei City Taipei City Tainan City Taichung Taipei City Taipei City Tainan City Chiayi County Taichung Taichung Tainan City Taipei City	Cable television system operator Cable television system operations Cable television system operator Audio-visual platform and film content production Film production and film distribution, etc. Production of TV shows General advertisement General advertisement Retail Business Audio-visual platform and film content production Cable television system operations Cable television system operations General advertisement General investments Cable television system operator Audio-visual platform and film content production	484,134 197,995 218,335 191,299 60,000 37,040 48,359 33,878 38,012 166,628 1,263,217 822,398 3,000 23,500 398,699 191,299	484,134 197,995 218,335 191,299 60,000 37,040 48,359 33,878 38,012 166,628 1,263,217 822,398 3,000 23,500 398,699 191,299	6,497 3,104 2,930 3,009 6,000 5,000 5,000 3,499 7,000 14,121 93,060 65,186 300 2,147 5,351 3,009	6.73% 14.11% 3.04% 5.01% 32.00% 100.00% 100.00% 68.47% 58.48% 23.52% 100.00% 100.00% 75.00% 18.25% 5.54% 5.01%	470,272 145,387 212,074 28,748 - 24,081 58,751 11,568 58,714 134,900 1,588,172 813,605 2,461 20,230 387,284 28,748	6.73% 14.11% 3.04% 5.69% 32.00% 100.00% 100.00% 68.47% 58.48% 26.72% 100.00% 100.00% 75.00% 18.25% 5.54% 5.69%	155,292 13,273 155,292 (100,403) - (2,294) 7,791 (7,105) 168 (100,403) 94,304 15,052 412 (8,367) 155,292 (100,403)	4,032 1,872 1,819 (5,609) - (2,294) 7,791 (4,865) 98 (26,319) 94,304 15,052 309 (1,527) 3,321 (5,609)	Subsidiary Associate Subsidiary Associate Associate Subsidiary Subsidiary Subsidiary Subsidiary Associate Subsidiary Subsidiary Subsidiary Associate Subsidiary Associate

～ 78 ～

tint tint Sin-Chi Multimedia Co., Ltd.	MaBow Co., Ltd. JiaTech International Investment Co., Ltd HSING PIN INTERNATIONAL INDUSTRIAL LTD.	Taichung Taichung Taoyuan City	Information software services General investments Retail industry	25,000 50,000 8,000	25,000 50,000 8,000	5,000 5,000 800	44.48% 8.12% 48.19%	23,931 49,794 5,553	44.48% 8.12% 48.19%	(4,016) (933) (3,491)	(1,786) (76) (1,682)	Associate Associate Associate

Note 1: Except for PEIKANG CABLE TV CO., LTD., CHOCO MEDIA CO., LIMITED, Media Development Co., Dajia International Investment Co., Ltd, MABOW CO., LTD., JiaTech International Investment Co., Ltd., and HSING PIN INTERNATIONAL INDUSTRIAL LTD., the remaining related amounts have been eliminated. Note 2: Refer to Notes IV(II) and VI(V) of the consolidated financial statements.

～ 79 ～