Stock Code:2367

UNITECH PRINTED CIRCUIT BOARD CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements

For the Nine Months Ended September 30, 2024 and 2023

This English translation of the financial report is a self-translated version by the Unitech Circuit Board Corporation and has not been reviewed or audited by auditor.

Address: No. 3, Lane 4, Zhongshan Road, Tucheng District, New Taipei City Telephone: (02)2268-5071

The independent auditors’ review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ review report and consolidated financial statements, the Chinese version shall prevail.

Contents 1. Cover Page 2. Table of Contents 3. Independent Auditors’Review Report 4. Consolidated Balance Sheets 5. Consolidated Statements of Comprehensive Income 6. Consolidated Statements of Changes in Equity 7. Consolidated Statements of Cash Flows 8. Notes to the Consolidated Financial Statements (1) Company history (2) Approval date and procedures of the consolidated financial statements (3) New standards, amendments and interpretations adopted (4) Summary of material accounting policies (5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty (6) Explanation of significant accounts (7) Related-party transactions (8) Pledged assets (9) Significant commitments and contingencies (10) Losses Due to Major Disasters (11) Subsequent Events (12) Other (13) Other disclosures (a) Information on significant transactions (b) Information on investees (c) Information on investment in mainland China (d) Major shareholders (14) Segment information	Page
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Contents
1. Cover Page
2. Table of Contents
3. Independent Auditors’Review Report
4. Consolidated Balance Sheets
5. Consolidated Statements of Comprehensive Income
6. Consolidated Statements of Changes in Equity
7. Consolidated Statements of Cash Flows
8. Notes to the Consolidated Financial Statements
(1) Company history
(2) Approval date and procedures of the consolidated financial statements
(3) New standards, amendments and interpretations adopted
(4) Summary of material accounting policies
(5) Significant accounting assumptions and judgments, and major sources of
estimation uncertainty
(6) Explanation of significant accounts
(7) Related-party transactions
(8) Pledged assets
(9) Significant commitments and contingencies
(10) Losses Due to Major Disasters
(11) Subsequent Events
(12) Other
(13) Other disclosures
(a) Information on significant transactions
(b) Information on investees
(c) Information on investment in mainland China
(d) Major shareholders
(14) Segment information

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Independent Auditors ’ Review Report

To the Board of Directors of Unitech Printed Circuit Board Corporation:

Introduction

We have reviewed the accompanying consolidated balance sheets of Unitech Printed Circuit Board Corporation and its subsidiaries as of September 30, 2024 and 2023, and the related consolidated statements of comprehensive income for the three months and nine months ended September 30, 2024 and 2023, as well as the changes in equity and cash flows for the nine months ended September 30, 2024 and 2023, and notes to the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Scope of Review

Except as explained in the Basis for Qualified Conclusion paragraph, we conducted our reviews in accordance with the Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” of the Republic of China. A review of the consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing of the Republic of China and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Basis for Qualified Conclusion

As stated in note 4(b), the consolidated financial statements included the financial statements of non-significant subsidiaries, which were not reviewed by independent auditors. These financial statements reflect total assets amounting to $1,036,308 thousand and $1,153,205 thousand, constituting 4.41% and 5.18% of consolidated total assets as of September 30, 2024 and 2023, respectively, total liabilities amounting to $605 thousand and $480 thousand, constituting 0.00% of consolidated total liabilities as of September 30, 2024 and 2023, respectively, and total comprehensive income (loss) amounting to $(11,181) thousand, $(23,520) thousand, $3,279 thousand and $(80,745) thousand, constituting (3.06)%, (18.01)%, 0.23% and 26.95% of consolidated total comprehensive income (loss) for the three months and nine months ended September 30, 2024 and 2023, respectively.

Furthermore, as stated in note 6(g), the investments accounted for using equity method of Unitech Printed Circuit Board Corporation and its subsidiaries in its investee companies of $908,579 thousand and $970,859 thousand as of September 30, 2024 and 2023, respectively, and its related share of loss of associates accounted for using equity method of $(2,020) thousand, $(14,610) thousand, $(10,311) thousand and $(40,024) thousand for the three months and nine months ended September 30, 2024 and 2023, respectively, were recognized solely on the financial statements prepared by these investee companies, but not reviewed by independent auditors.

3-1

Qualified Conclusion

Except for the adjustments, if any, as might have been determined to be necessary had the financial statements of consolidated subsidiaries and equity accounted investee companies described in the Basis for Qualified Conclusion paragraph above been reviewed by independent auditors, based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of Unitech Printed Circuit Board Corporation and its subsidiaries as of September 30, 2024 and 2023, and of its consolidated financial performance for the three months and nine months ended September 30, 2024 and 2023, as well as its consolidated cash flows for the nine months ended September 30, 2024 and 2023 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

The engagement partners on the reviews resulting in this independent auditors’ review report are Horng, Shyh-Gang and Hsu, Ming-Fang.

KPMG

Taipei, Taiwan (Republic of China) November 6, 2024

Notes to Readers

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

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Balance Sheets

September 30, 2024, December 31, 2023, and September 30, 2023

(Expressed in Thousands of New Taiwan Dollars)

September 30, 2024 Amount % $ 1,217,393 5 16,683 - 13,693 - 4,892,858 21 87,200 - 283 - 2,516,255 11 131,411 1 4,467 - 10,434 -	December 31, 2023 Amount % 866,459 4 20,481 - 11,815 - 4,023,205 19 68,533 1 637 - 2,347,852 11 89,521 - 3,404 - 9,284 -	September 30,	2024	December 31, 2023	December 31, 2023	December 31, 2023
		Amount	%	Amount	%	Amount
		8,385,821 35		7,109,101 32 7,171,819 32
		3,543,155 15 171,517 1 34,702 - 133,465 1		4,021,200 19 4,346,651 19 171,517 1 180,900 1 163,366 1 180,555 1 141,963 1 142,515 1
8,890,677 38	7,441,191 35
	435,752 2 912,683 4 11,710,642 55 369,179 2 123,484 1 302,660 1 10,906 - 60,682 - 63,970 -
		3,882,839 17		4,498,046 22 4,850,621 22
		12,268,660 52		11,607,147 54 12,022,440 54
		6,694,072 28		6,694,072 31 6,694,072 30
		3,035,026 13		3,035,358 14 3,037,149 14
		176,123 1 1,187,871 5		347,938 2 347,938 2 (171,815) (1) 60,435 -
		1,363,994 6		176,123 1 408,373 2
		200,446 1 163,815 1 (238,065) (1)		(22,349) - 144,409 - 178,921 1 177,819 1 (238,123) (1) (237,946) (1)
14,597,271 62	13,989,958 65
		126,196 1		(81,551) - 84,282 -
		11,219,288 48		9,824,002 46 10,223,873 46
$ 23,487,948 100	21,431,149 100
		$ 23487948 100		21431149 100 22246313 100

See accompanying notes to consolidated financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income

For the three months and nine months ended September 30, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars , Except for Earnings Per Common Share)

For the three months	For the three months	ended September 30	ended September 30	For the nine months ended September 30 2024 2023 Amount % Amount % 14,051,778 100 11,331,366 100 11,287,716 80 10,352,484 92	For the nine months ended September 30 2024 2023 Amount % Amount % 14,051,778 100 11,331,366 100 11,287,716 80 10,352,484 92	For the nine months ended September 30 2024 2023 Amount % Amount % 14,051,778 100 11,331,366 100 11,287,716 80 10,352,484 92	For the nine months ended September 30 2024 2023 Amount % Amount % 14,051,778 100 11,331,366 100 11,287,716 80 10,352,484 92
2024	% 100 79	2023		2024	% 100 80	2023
Amount $ 4,759,316 3,748,439		Amount 3,836,971 3,396,966	%	Amount 14,051,778 11,287,716		Amount 11,331,366 10,352,484
1,010,877	21	440,005	11	2,764,062	20	978,882	8
503,911 35,568 1,335	10 1 -	387,295 47,923 885	10 1 -	1,369,266 105,135 8,781	10 1 -	1,179,235 96,841 8,275	10 1 -
540,814	11	436,103	11	1,483,182	11	1,284,351	11
470,063	10	3,902	-	1,280,880	9	(305,469)	(3)
7,508 31,942 (93,001) (57,768) (2,020)	- 1 (2) (1) -	894 18,122 70,985 (62,434) (14,610)	- - 2 (2) -	22,830 88,694 844 (179,971) (10,311)	- 1 - (1) -	6,534 48,145 363,725 (164,238) (40,024)	- - 3 (1) -
(113,339)	(2)	12,957	-	(77,914)	-	214,142	2
356,724 4,621	8 -	16,859 4,437	- -	1,202,966 15,095	9 -	(91,327) 20,664	(1) -
352,103	8	12,422	-	1,187,871	9	(111,991)	(1)
(29,029) (3,602)	(1) -	(63,651) -	(2) -	(11,393) (3,655)	- -	(265,240) -	(2) -
(32,631)	(1)	(63,651)	(2)	(15,048)	-	(265,240)	(2)
(8,802)	-	181,777	5	222,795	1	77,566	-
(8,802)	-	181,777	5	222,795	1	77,566	-
(41,433)	(1)	118,126	3	207,747	1	(187,674)	(2)
$ 310,670	7	130,548	3	1,395,618	10	(299,665)	(3)
$ 352,103	8	12,422	-	1,187,871	9	(111,991)	(1)
$ 352,103	8	12,422	-	1,187,871	9	(111,991)	(1)
$ 310,670	7	130,548	3	1,395,618	10	(299,665)	(3)
$ 310,670	7	130,548	3	1,395,618	10	(299,665)	(3)
$	0.53		0.02		1.77	(0.17)
$	0.53		0.02		1.77	(0.17)

See accompanying notes to consolidated financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Changes in Equity

For the nine months ended September 30, 2024 and 2023 (Expressed in Thousands of New Taiwan Dollars)

		Equity attributable to owner	Equity attributable to owner	Equity attributable to owner	s ofparent Totalotherequityinterest Unrealized gains (losses) from financial assets at fair value Gains (losses) on through other comprehensiveincome remeasurements of defined benefit Total equity attributable to owners ofparent Totalequity	s ofparent Totalotherequityinterest Unrealized gains (losses) from financial assets at fair value Gains (losses) on through other comprehensiveincome remeasurements of defined benefit Total equity attributable to owners ofparent Totalequity	s ofparent Totalotherequityinterest Unrealized gains (losses) from financial assets at fair value Gains (losses) on through other comprehensiveincome remeasurements of defined benefit Total equity attributable to owners ofparent Totalequity	s ofparent Totalotherequityinterest Unrealized gains (losses) from financial assets at fair value Gains (losses) on through other comprehensiveincome remeasurements of defined benefit Total equity attributable to owners ofparent Totalequity
Ordinary shares	Capitalsurplus	Retained earnings
				Exchange differences on translation of foreign financial statements
		Legal reserve	Unappropriated retained earnings
$ 6,694,072 - - - - - - $ 6,694,072 $ 6,694,072 - - - - - $ 6,694,072	3,037,149 - - - - - (3) 3,037,146 3,035,358 - - - - (332) 3,035,026	306,606 - - - 41,332 - - 347,938 347,938 - - - (171,815) - 176,123	413,712 (111,991) - (111,991) (41,332) (200,822) 868 60,435 (171,815) 1,187,871 - 1,187,871 171,815 - 1,187,871	66,843 - 77,566 77,566 - - - 144,409 (22,349) - 222,795 222,795 - - 200,446	443,927 - (265,240) (265,240) - - (868) 177,819 178,921 - (15,106) (15,106) - - 163,815	(237,946) - - - - - - (237,946) (238,123) - 58 58 - - (238,065)	10,724,363 (111,991) (187,674) (299,665) - (200,822) (3) 10,223,873 9,824,002 1,187,871 207,747 1,395,618 - (332) 11,219,288	10,724,363 (111,991) (187,674) (299,665) - (200,822) (3) 10,223,873 9,824,002 1,187,871 207,747 1,395,618 - (332) 11,219,288

See accompanying notes to consolidated financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Cash Flows

For the nine months ended September 30, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

Cash flows from (used in) operating activities: Profit (Loss) before tax Adjustments: Adjustments to reconcile profit (loss): Depreciation expense Amortization expense Expected credit loss Interest expense Interest income Share of loss of associates accounted for using equity method Loss on disposal of property, plant and equipment Gain on disposal of non-current assets held for sale Net profit on financial assets at fair value through profit or loss Other items Total adjustments to reconcile profit Changes in operating assets and liabilities: Notes receivable Accounts receivable Other receivables Other receivables-related parties Inventories Prepayments Other financial assets-current Other current assets Accounts payable Other payables Other current liabilities Net defined benefit liability Total changes in operating assets and liabilities Total adjustments	For the nine months ended September 30 2024 2023 $ 1,202,966 (91,327)	For the nine months ended September 30 2024 2023 $ 1,202,966 (91,327)
	2024 $ 1,202,966
	1,103,630 49,817 8,781 179,971 (22,830) 10,311 11,791 - (202) (4)	1,163,876 53,254 8,275 164,238 (6,534) 40,024 5,356 (200,629) (330) (20)
	1,341,265	1,227,510
	(1,878) (878,434) (18,667) 354 (168,403) (42,268) (941) (1,150) 393,930 120,696 3,632 (8,498)	(3,770) (133,576) (1,214) 392 327,735 (21,075) 20 4,215 (175,862) (3,588) (9,776) (51,948)
	(601,627)	(68,447)
	739,638	1,159,063

See accompanying notes to consolidated financial statements.

7-1

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Cash Flows

For the three months and nine months ended September 30, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

Cash inflow generated from operations Interest received Stock dividend receiced Interest paid Income taxes paid Net cash flows from operating activities Cash flows from (used in) investing activities: Acquisition of financial assets at fair value through other comprehensive income Acquisition of financial asset at fair value through profit or loss Proceeds from disposal of financial assets at fair value through profit or loss Proceeds from disposal of non-current assets classified as held for sale Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Decrease in refundable deposits Acquisition of intangible assets Increase in other non-current assets Net cash flows used in investing activities Cash flows from (used in) financing activities: Increase in short-term borrowings Decrease in short-term borrowings Increase in short-term notes and bills payable Decrease in short-term notes and bills payable Proceeds from long-term borrowings Repayments of long-term borrowings Increase (decrease) in guarantee deposits received Payment of lease liabilities Distribution of cash dividends Net cash flows from (uesd in) financing activities Effect of exchange rate changes on cash and cash equivalents Net increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period	For the nine months ended September 30 2024 2023 1,942,604 1,067,736 22,708 6,534 - 5,947 (178,412) (163,263) (759) (552)	For the nine months ended September 30 2024 2023 1,942,604 1,067,736 22,708 6,534 - 5,947 (178,412) (163,263) (759) (552)
	2024 1,942,604 22,708 - (178,412) (759)
	1,786,141	916,402
	(19,833) - 4,000 - (1,680,539) 2,904 18,903 (3,959) (1,018)	- (58,429) 88,996 672,478 (1,191,194) 815 9,853 (9,808) (5,785)
	(1,679,542)	(493,074)
	7,681,898 (6,586,014) 119,909 (119,909) 2,059,000 (2,953,837) 251 (40,733) -	8,061,447 (7,261,691) 130,044 (130,044) 3,400,000 (4,551,983) 1,106 (68,792) (200,650)
	160,565	(620,563)
	83,770	25,230
	350,934 866,459	(172,005) 744,162
	$ 1,217,393	572,157

See accompanying notes to consolidated financial statements.

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

September 30, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars, Unless Otherwise Specified)

(1) Company history

Unitech Printed Circuit Board Corporation (the “Company”) was incorporated on December 31, 1984, with registered address of No. 3, Lane 4, Zhongshan Road, Tucheng District, New Taipei City, Taiwan, as a company limited by shares under the Company Act of the Republic of China (R.O.C.). The major business activities of Unitech Printed Circuit Board Corporation and subsidiaries (the “Gruop”) are the design, manufacture and sale of PCB.

(2) Approval date and procedures of the consolidated financial statements:

These consolidated financial statements were authorized for issue by the Board of Directors on November 6, 2024.

(3) New standards, amendments and interpretations adopted:

(a) The impact of the International Financial Reporting Standards (“IFRSs”) endorsed by the Financial Supervisory Commission, R.O.C. (“FSC”) which have already been adopted.

The Group has initially adopted the following new amendments, which do not have a significant impact on its consolidated financial statements, from January 1, 2024:

Amendments to IAS 1 “Classification of Liabilities as Current or Non-current”
Amendments to IAS 1 “Non-current Liabilities with Covenants”
Amendments to IAS 7 and IFRS 7 “Supplier Finance Arrangements”
Amendments to IFRS 16 “Lease Liability in a Sale and Leaseback”
(b) The impact of IFRS issued by the FSC but not yet effective

The Group assesses that the adoption of the following new amendments, effective for annual period beginning on January 1, 2025, would not have a significant impact on its consolidated financial statements:

Amendments to IAS21 “Lack of Exchangeability”

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

The following new and amended standards, which may be relevant to the Group, have been issued by the International Accounting Standards Board (IASB), but have yet to be endorsed by the FSC:

Standards or Effective date per Interpretations Content of amendment IASB IFRS 18 “Presentation and The new standard introduces three January 1, 2027 Disclosure in Financial categories of income and expenses, two Statements” income statement subtotals and one single note on management performance measures. The three amendments, combined with enhanced guidance on how to disaggregate information, set the stage for better and more consistent information for users, and will affect all the entities. ● A more structured income statement: under current standards, companies use different formats to present their results, making it difficult for investors to compare financial performance across companies. The new standard promotes a more structured income statement, introducing a newly defined ‘ operating profit ’ subtotal and a requirement for all income and expenses to be allocated between three new distinct categories based on a company’s main business activities.

● Management performance measures (MPMs): the new standard introduces a definition for management performance measures, and requires companies to explain in a single note to the financial statements why the measure provides useful information, how it is calculated and reconcile it to an amount determined under IFRS Accounting Standards.

Greater disaggregation of information: the new standard includes enhanced guidance on how companies group information in the financial statements. This includes guidance on whether information is included in the primary financial statements or is further disaggregated in the notes.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

The Group is evaluating the impact on its consolidated financial position and consolidated financial performance upon the initial adoption of the abovementioned standards or interpretations. The results thereof will be disclosed when the Group completes its evaluation.

The Group does not expect the following other new and amended standards, which have yet to be endorsed by the FSC, to have a significant impact on its consolidated financial statements:

Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets Between an Investor and Its Associate or Joint Venture”
IFRS 17 “ Insurance Contracts” and amendments to IFRS 17 “ Insurance Contracts”
IFRS 19 “Subsidiaries without Public Accountability: Disclosures”
Amendments to IFRS 9 and IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments”
Annual Improvements to IFRS Accounting Standards—Volume 11

(4) Summary of material accounting policies:

(a) Statement of compliance

These consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Report by Securities Issuers (“the Regulation”) and guidelines of IAS 34 “Interim Financial Reporting” which are endorsed and issued into effect by FSC, and do not include all of the information required by the Regulations and International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations and SIC Interpretations endorsed and issued into effect by the FSC (hereinafter referred to IFRS endorsed by the FSC) for a complete set of the annual consolidated financial statements.

Except the following accounting policies mentioned below, the material accounting policies adopted in the consolidated financial statements are the same as those in the consolidated financial statement for the year ended December 31, 2023. For the related information, please refer to note 4 of the consolidated financial statements for the year ended December 31, 2023.

(b) Basis of consolidation
(i) List of subsidiaries in the consolidated financial statements

Name of investor Name of subsidiary Principal activity	Shareholding September 30, 2024 December 31, 2023 September 30, 2023 100.00% 100.00% 100.00% - 100.00% 100.00% 100.00% Note 1 6.10% 6.10% 6.10% -
The Company Unitech Electronics International Limited (Unitech BVI) General investing The Company DA-TAI Investment Co., Ltd. General investing The Company Unitech Electronics International (HK) Limited (Unitech HK) General investing

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

Name of investor Name of subsidiary Principal activity	Shareholding September 30, 2024 December 31, 2023 September 30, 2023 100.00% 100.00% - % - 93.90% 93.90% 93.90% - 100.00% 100.00% 100.00% - 21.33% 21.33% 21.33% - 78.67% 78.67% 78.67% -
The Company UNITECH PCB (THAILAND) CO., LTD. (Unitech Thailand) Manufactureing of electronics Unitech BVI Unitech Electronics International (HK) Limited (Unitech HK) General investing Unitech HK Shanghai Unitech Electronics Co., Ltd. Manufactureing of electronics Unitech HK Shanghai Unitech Electronics (Nontong) Co., Ltd. Manufactureing of electronics Shanghai Unitech Electronics Co., Ltd. Shanghai Unitech Electronics (Nontong) Co., Ltd. Manufactureing of electronics

Name of investor
Name of subsidiary
Principal activity

Shareholding
September
30, 2024
December 31,
2023
September
30, 2023

100.00%
100.00%
-
%
-

93.90%
93.90%
93.90%
-

100.00%
100.00%
100.00%
-

21.33%
21.33%
21.33%
-

78.67%
78.67%
78.67%
-

The Company
UNITECH PCB
(THAILAND) CO.,
LTD. (Unitech
Thailand)
Manufactureing of
electronics
Unitech BVI
Unitech Electronics
International (HK)
Limited (Unitech
HK)
General investing
Unitech HK
Shanghai Unitech
Electronics Co., Ltd.
Manufactureing of
electronics
Unitech HK
Shanghai Unitech
Electronics
(Nontong) Co., Ltd.
Manufactureing of
electronics
Shanghai Unitech
Electronics Co.,
Ltd.
Shanghai Unitech
Electronics
(Nontong) Co., Ltd.
Manufactureing of
electronics

Note 1: The Company is a non-significant subsidiary whose financial statements have not been reviewed.

(ii) Subsidiaries excluded from the consolidated financial statements: None.
(c) Classification of current and non-current assets and liabilities

An asset is classified as current under one of the following criteria, and all other assets are classified as non current.

(i) It is expected to be realized, or intended to be sold or consumed, in the normal operating cycle;
(ii) It is held primarily for the purpose of trading;
(iii) It expects to realize the asset within twelve months after the reporting period; or
(iv) The asset is cash or a cash equivalent (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

A liability is classified as current under one of the following criteria, and all other liabilities are classified as non current.

(i) It is expected to be settled in the normal operating cycle;
(ii) It is held primarily for the purpose of trading;
(iii) It is due to be settled within twelve months after the reporting period; or
(iv) It does not have the right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(d) Non-current assets held for sale

On March 3, 2023, the Group’s board of directors resolved to sell certain land, plant and equipment. Therefore, the Group has applied the accounting policy related to non-current assets held for sale from January 1, 2023 onwards.

Non-current assets or disposal groups comprising assets and liabilities that are highly probable to be recovered primarily through sale rather than through continuing use, are reclassified as held for sale. Immediately before classification as held for sale, the assets, or components of a disposal group, are remeasured in accordance with the Group’s accounting policies. Thereafter, generally, the assets or disposal groups are measured at the lower of their carrying amount and fair value less costs to sell.

Any impairment loss on a disposal group is first allocated to goodwill, and then to the remaining assets and liabilities on a pro rata basis, except that no loss is allocated to assets not within the scope of IAS 36 – Impairment of Assets. Such assets will continue to be measured in accordance with the Group’s accounting policies.

Impairment losses on assets initially classified as held for sale and any subsequent gains or losses on remeasurement are recognized in profit or loss. Gains are not recognized in excess of the cumulative impairment loss that has been recognized.

Once classified as held for sale, property, plant and equipment are no longer amortized or depreciated.

(e) Income taxes

The income tax expenses have been prepared and disclosed in accordance with paragraph B12 of IAS 34, "Interim Financial Reporting".

Income tax expenses for the period are measured by multiplying together the pre-tax income for the interim reporting period and the management’s best estimate of effective annual tax rate. This should be recognized fully as tax expense for the current period.

The temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their respective tax bases shall be measured based on the tax rates that have been enacted or substantively enacted at the time of the asset or liability is recovered or settled, and be recognized directly in equity or other comprehensive income as tax expense.

(f)

Employee benefits

The pension cost for the interim period is calculated on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior fiscal year, adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other signifticant one-off events.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty:

The preparation of the consolidated financial statements in conformity with the Regulations and IFRS Accounting Standards (in accordance with IAS 34 “Interim Financial Reporting” and endorsed by the FSC) requires management to make judgments, estimates and assumptions that affect the application of the accounting policies and the reported amount of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The preparation of the consolidated interim financial statements, estimates and underlying assumptions are reviewed on an ongoing basis which are in conformity with the consolidated financial statements for the year ended December 31, 2023. For related information, please refer to note 5 of the consolidated financial statements for the year ended December 31, 2023.

(6) Explanation of significant accounts

Except for the following disclosures, there were no material differences in the disclosures of significant accounts between the interim consolidated financial statements for the current period and the consolidated financial statements for the year ended December 31, 2023. Please refer to note 6 of the consolidated financial statements for the year ended December 31, 2023.

(a) Cash and cash equivalents

Cash in stock Bank deposits Time deposits	September 30, 2024 $ 1,391 1,008,054 207,948	December 31, 2023 1,694 797,797 66,968	September 30, 2023 2,048 504,202 65,907
	$ 1,217,393	866,459	572,157

Please refer to note 6(w) for the interest rate risk and sensitivity analysis of the financial assets and ’ liabilities of the Group s.

(b) Financial assets at fair value through profit or loss

Mandatorily measured at fair value through profit or loss: Non-derivative financial assets Open End Funds Financial Products	September 30, 2024 $ 16,683 -	December 31, 2023 20,481 -	September 30, 2023 14,423 58,429
	$ 16,683	20,481	72,852

For the three months and nine months ended September 30, 2024 and 2023, the net profit of the financial assets at fair value through profit or loss of the Group’s were $67 thousand, $44 thousand, $202 thousand and $330 thousand, respectively.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

For the nine months ended September 30, 2023, the Group’s held the financial products from bank with expected return rate of 1.65%.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

As of September 30, 2024, December 31, 2023 and September 30, 2023, the financial assets at financial assets at fair value through profit or loss of the Group’s had not been pledged.

Listed common shares Unlisted common shares	September 30, 2024 $ 334,622 109,570	December 31, 2023 339,660 96,092	September 30, 2023 339,320 95,243
	$ 444,192	435,752	434,563

(i) Equity investments at fair value through other comprehensive income

The Group’s designated the investments shown above as equity securities at fair value through other comprehensive income because these equity securities represent those investments that the Group’s intends to hold for long-term strategic purposes.

There were no disposals of strategic investments and transfers of any cumulative gain or loss within equity relating to these investments for the nine months ended September 30, 2024 and 2023.

(ii) For credit risk and market risk, please refer to note 6(w).
(iii) As of September 30, 2024 and 2023 the financial assets at fair value through other comprehensive income of the Group’s had not been pledged.
(d) Notes and accounts receivable

Notes receivable Accounts receivable Less: Loss allowance	September 30, 2024 $ 13,693 4,913,562 (20,704)	December 31, 2023 11,815 4,035,734 (12,529)	September 30, 2023 15,059 4,470,105 (8,877)
	$ 4,906,551	4,035,020	4,476,287

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

The Group’s applies the simplified approach to provide for its expected credit losses, i.e. the use of lifetime expected loss provision for all receivables. To measure the expected credit losses, notes and accounts receivables have been grouped based on shared credit risk characteristics and the days past due, as well as the incorporated forward-looking information, including that of macroeconomic and relevant industry information. The loss allowance provisions were determined as follows:

September 30, 2024	September 30, 2024	Loss allowance provision 1,076 2,093 362 17,173
Gross carrying amount $ 4,645,553 261,980 2,150 17,572	Weighted-average loss rate
	0.02% 0.80% 16.84% 97.73% December 31, 2023
$ 4,927,255		20,704
		Loss allowance provision 1,489 4,853 4,622 1,565
Gross carrying amount $ 3,676,960 353,618 15,388 1,583	Weighted-average loss rate
$ 4,047,549		12,529
		Loss allowance provision 79 58 209 8,531
Gross carrying amount $ 4,329,627 118,613 5,527 31,397	Weighted-average loss rate
	0.00% 0.05% 3.78% 27.17%
$ 4,485,164		8,877

The movement in the allowance for notes and accounts receivable were as follows:

Balance at January 1 Impairment losses recognized Amounts written off Effect of exchange rate changes Balance at September 30	For the nine months ended September 30 2024 2023 $ 12,529 2,162 8,781 8,275 (608) (1,560) 2 -
	$ 20,704 8,877

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

As of September 30, 2024, December 31, 2023 and September 30, 2023, notes and accounts receivable of the Group had not been pledged.

(e)

Inventories

Raw materials and supplies Work in progress Finished goods Merchandise inventory Allowance to reduce inventory to market	September 30, 2024 $ 420,020 1,401,186 514,037 325,339	December 31, 2023 348,529 1,200,470 542,693 435,534	September 30, 2023 388,062 1,308,760 468,527 435,191
	2,660,582 (144,327)	2,527,226 (179,374)	2,600,540 (207,986)
	$ 2,516,255	2,347,852	2,392,554

’ For the three months and nine months ended September 30, 2024 and 2023, the Group s recognized the cost of sales of $3,915,325 thousand, $3,548,102 thousand, $11,674,621 thousand and $10,650,940 thousand, respectively.

The details of the cost of sales were as follow:

For the three months ended September 30 2024 2023 $ (38,685) (57,454) (128,201) (93,682) $ (166,886) (151,136)	For the three months ended September 30 2024 2023 $ (38,685) (57,454) (128,201) (93,682) $ (166,886) (151,136)	For the nine months ended September 30	For the nine months ended September 30	For the nine months ended September 30
2024 $ (38,685) (128,201)		2024 (36,274) (350,631)	2023
				(22,086) (276,370)
$ (166,886)	(151,136)	(386,905)		(298,456)

As of September 30, 2024, December 31, 2023 and September 30, 2023, inventories of the Group had not been pledged.

(f) Non-current assets held for sale

On March 13, 2023, the Group entered into a sales and purchase agreement with an outside buyer to dispose its idle plants and dormitories in Yilan, for a total contract price of $677,078 thousand, based on a resolution approved during its board meeting held in March 3, 2023. The above transaction was completed in May, 2023, resulting in a gain on disposal of $200,629 thousand to be recognized as other gains and losses.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(g) Investments accounted for using equity method

’ ’ A summary of the Group s s financial information for investments accounted for using the equity method at the reporting date were as follows:

Associates	September 30, 2024 $ 908,579	December 31, 2023 912,683	September 30, 2023 970,859

(i) Associates

’ ’ The Group s s financial information for investments accounted for using the equity method that were individually insignificant were as follows:

Carrying amount of individually insignificant associates’equity	September 30, 2024		December 31, 2023		September 30, 2023
	$ 908,579		912,683		970,859

’ ’ The Group s s share of the net income of associates were as follows:

Attributable to the Group’s: Loss Other comprehensive income Comprehensive income	For the three months ended September 30 2024 2023 $ (2,020) (14,610) (5,330) 4,706	For the three months ended September 30 2024 2023 $ (2,020) (14,610) (5,330) 4,706	For the nine months ended September 30 2024 2023 (10,311) (40,024) 6,539 (22,871)	For the nine months ended September 30 2024 2023 (10,311) (40,024) 6,539 (22,871)
	2024 $ (2,020) (5,330)		2024 (10,311) 6,539
	$ (7,350)	(9,904)	(3,772)	(62,895)

(ii) Guarantee

As of September 30, 2024, December 31, 2023 and September 30, 2023, investments accounted for using the equity method of the Group’s had been pledged as collateral. Please refer to note 8.

(iii) The unreviewed financial statements of investments accounted for using equity method

Investments accounted for by using the equity method, and the share of profit or loss and other comprehensive income of those investments were calculated based on the financial statements that had not been reviewed.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(h) Property, plant, and equipment

The cost, depreciation, and impairment of the property, plant and equipment of the Group’s for the nine months ended September 30, 2024 and 2023, were as follows:

Land $ 573,925 - - 958,634 15,162	Buildings and constructions	Machiner y equipment 15,005,001 - (137,356) 288,457 107,563	Office facilities 344,879 28 (3,731) 21,713 511	Other facilities 4,898,064 1,375 (6,701) 37,110 650	Testing equipment 279,688 - - (96,487) -	Constructio n in progress	Total 27,069,379 522,161 (147,788) 1,135,483 282,251
	5,806,011 - - 24,443 140,791 5,971,245 5,885,080 - - (24,257) 66,548 5,927,371 1,105,916 174,618 - 18,385 1,298,919 1,052,710 163,823 - (162,297) 7,264 1,061,500 4,700,095 4,672,326 4,832,370 4,865,871					161,811 520,758 - (98,387) 17,574 601,756 474,976 129,121 - (380,400) 3,241 226,938 - - - - - - - - - - - 161,811 601,756 474,976 226,938
$ 1,547,721		15,263,665	363,400	4,930,498	183,201		28,861,486
$ 407,228 - - 166,697 -		14,499,024 - (148,278) 475,140 48,970	328,834 - (3,301) 22,168 252	4,910,742 2,008 (242,088) 199,919 307	515,829 39,629 - (179,090) -		27,021,713 170,758 (393,667) 280,177 119,318
$ 573,925		14,874,856	347,953	4,870,888	376,368		27,198,299
$ - - - -		10,124,272 677,636 (123,786) 26,343	285,527 16,914 (3,636) 299	3,843,022 191,986 (5,671) 419	- - - -		15,358,737 1,061,154 (133,093) 45,446
$ -		10,704,465	299,104	4,029,756	-		16,332,244
$ - - - - -		9,348,823 704,958 (142,456) - 10,605	270,169 16,811 (3,297) - 133	3,804,277 215,926 (241,743) - 214	- - - - -		14,475,979 1,101,518 (387,496) (162,297) 18,216
$ -		9,921,930	283,816	3,778,674	-		15,045,920
$ 573,925		4,880,729	59,352	1,055,042	279,688		11,710,642
$ 1,547,721		4,559,200	64,296	900,742	183,201		12,529,242
$ 407,228		5,150,201	58,665	1,106,465	515,829		12,545,734
$ 573,925		4,952,926	64,137	1,092,214	376,368		12,152,379

(i) Guarantee

As of September 30, 2024, December 31, 2023 and September 30, 2023, the property, plant and equipment of the Group’s had been pledged as collateral for short-term and long-term borrowings. Please refer to note 8.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(ii) Acquistion of machinery and equipment

For the three months and nine months end September 30, 2024 and 2023, the information of the Group acquisition of machinery and equipment were as below:

Capitalization interest rate Capitalized borrowing cost	For the three months ended September 30 2024 2023 2.61%~3.66% 2.24%~4.81%	For the three months ended September 30 2024 2023 2.61%~3.66% 2.24%~4.81%
	2024	2024 2.30%~4.59%
	2.61%~3.66%

(i) Right-of-use-assets

The Group’s leases assets including land and buildings, office facilities and transportation facilities. Information about leases for which the Group’s as a leasee is represented below:

Land $ 415,164 630,695 (900,657) 6,078	Buildings and constructions	Office facilities 16,888 1,657 - -	Transportation facilities	Other assets 34,343 8,187 (11,330) -	Total 589,414 652,768 (934,116) 6,078
	67,669 5,915 (8,700) -		55,350 6,314 (13,429) - 48,235 48,760 6,993 - - 55,753 30,180 8,641 (12,917) - 25,904 18,491 9,069 - - 27,560
$ 151,280	64,884	18,545		31,200	314,144
$ 571,333 482,890 (633,433) 2,850	151,268 64,772 (147,107) -	16,187 701 - -		19,696 9,290 (1,694) -	807,244 564,646 (782,234) 2,850
$ 423,640	68,933	16,888		27,292	592,506
$ 148,395 2,233 (132,423) 706	13,772 22,466 (4,126) -	12,544 3,530 - -		15,344 5,606 (11,330) -	220,235 42,476 (160,796) 706
$ 18,911	32,112	16,074		9,620	102,621
$ 205,838 24,560 (87,272) 307	131,672 21,583 (147,107) -	8,421 3,084 - -		11,208 4,062 (1,477) -	375,630 62,358 (235,856) 307
$ 143,433	6,148	11,505		13,793	202,439

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

Land $ 266,769	Buildings and constructions	Office facilities 4,344	Transportation facilities	Other assets 18,999	Total 369,179
	53,897		25,170 22,331 30,269 28,193
$ 132,369	32,772	2,471		21,580	211,523
$ 365,495	19,596	7,766		8,488	431,614
$ 280,207	62,785	5,383		13,499	390,067

As of September 30, 2024, December 31, 2023 and September 30, 2023, the Right-of-use-assets of the Group’s had been pledged as collateral for long-term borrowings. Please refer to note 8.

(j) Intangible assets

The information on movement of the intangible assets of the Group for the nine months ended September 30, 2024 and 2023, was as follows:

Costs:
Balance at January 1, 2024
Additions
Disposals
Balance at September 30, 2024
Balance at January 1, 2023
Additions
Balance at September 30, 2023
Accumulated amortization:
Balance at January 1, 2024
Amortization
Disposals
Balance at September 30, 2024
Balance at January 1, 2023
Amortization
Balance at September 30, 2023
Carrying amount:
Balance at January 1, 2024
Balance at September 30, 2024
Balance at January 1, 2023
Balance at September 30, 2023

Computer
Software
$ 201,702
3,959
(3,396)
$
202,265
$ 196,160
9,808
$
205,968
$ 78,218
20,369
(3,396)
$
95,191
$ 58,090
20,018
$
78,108
$
123,484
$
107,074
$
138,070
$
127,860

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(i) Amortization

For the three months and nine months ended September 30, 2024 and 2023, the amortization of intangible assets were included in the statement of comprehensive income was as follows :

For the three months ended September 30 2024 2023 $ 1,106 1,092	For the three months ended September 30 2024 2023 $ 1,106 1,092	For the nine months ended September 30 2024 2023 3,366 3,216	For the nine months ended September 30 2024 2023 3,366 3,216
2024		2024 3,366
$ 1,106
$ 5,619	5,546	17,003	16,802

(k) Short-term borrowings

The short-term borrowings were summarized as follows:

September 30, 2024 $ - 3,087,657 100,010	September 30, 2024 $ - 3,087,657 100,010	December 31, 2023 - 1,863,190 150,000	September 30, 2023 7,805 2,303,428 150,000
$ 3,187,667		2,013,190	2,461,233
$ 3,561,838		5,169,973	3,993,302
	1.95%~3.85%	1.82%~4.09%	1.08%~4.92%

For the collateral for short-term borrowings, please refer to note 8.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(l) Other payables

Expense payables Salary payables Equipment payables Others Total	September 30, 2024 $ 285,852 492,933 173,570 184,946	December 31, 2023 253,874 438,206 188,453 139,242	September 30, 2023 514,044 188,777 219,285 151,882
	$ 1,137,301	1,019,775	1,073,988

(m) Long-term borrowings

The long-term borrowings were summarized as follows:

September 30, 2024 $ 554,540 4,420,168 (1,431,553)	September 30, 2024 $ 554,540 4,420,168 (1,431,553)	December 31, 2023 361,500 5,472,196 (1,812,496)	September 30, 2023 206,448 5,370,553 (1,230,350)
$ 3,543,155		4,021,200	4,346,651
$ 3,199,255		757,021	1,162,792
	2.08%~4.20%	1.95%~4.20%	1.95%~6.90%

(i) Collateral for long-term borrowings

For the collateral for long-term borrowings, please refer to note 8.

(ii) The details of loans were as follows:

Except for the following disclosure, for other relevant information, please refer to note 6(m) of the Group’s consolidated financial report for the year ended December 31, 2023.

The Group entered into a syndicated credit agreement (hereafter referred to as syndicated credit agreement) with a group of banks leading by Bank of Taiwan on March 27, 2023, the principal contents of which are summarized below:

1) The group of banks consists of:

Bank of Taiwan (leading bank, credit facility management bank and secured equity interest management bank), Changhwa Commercial Bank, Taiwan Business Bank, Taiwan Cooperative Bank, First Commercial Bank (the aforementioned banks are the joint leading banks), Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank, Bank SinoPac and The Shanghai Commercial & Savings Bank.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

2) The total credit facility is NT$3.6 billion to meet the borrower’s repayment of existing financial institution liabilities and to enhance the borrower’s medium-term working capital.
3) The credit duration, the withdrawn period and the settlement method:
a) This credit duration: five years from the date of first withdrawn (of which credit A includes a grace period of 18 months). The first use of loan by borrower must be before May 20, 2023, otherwise that date shall be deemed to be the first draw up date.
b) Withdrawn period of this credit:
- i) Credit A: It is a medium term (secured) loan, and the credit facility amounted to NT$2.4 billion may be withdrawn for multiple times but not on a recurring basis. The withdrawn period of credit A is nine months from its first withdrawn, and upon the expiry of the Credit A, the unused Credit A facility is automatically canceled and cannot be used again.
- ii) Credit B: It is a medium term loan, and the credit facility amounted to NT$1.2 billion may be withdrawn for multiple times and on a recurring basis.
c) Settlement method:
- i) Credit A: The first repayment date of this credit shall be the date on which 18 months have elapsed from first withdrawn date, and every nine months thereafter shall be deemed as a repayment period, then the credit is amortized in total of eight installments. The principal balance of credit A outstanding at the expiration of withdrawn period shall be evenly repaid in each repayment date.
- ii) Credit B: To fully settle the principal of credit that has been withdrawn upon its expiration according to the credit period of each loan appropriated and to withdraw the outstanding principal balance on a recurring basis as agreed in this credit. When the outstanding principal balance is used on a recurring basis, the newly appropriated amount shall be able to directly pay for the portion already due.
  - In any situation, the Group shall fully settle all its outstanding principal, interests and other payables and expenses upon the expiration of this credit.
4) Under the syndicated credit agreement, the Group shall provide, during the credit period, the audited annual consolidated financial statements and the consolidated financial statements for the first, second and third quarters as reviewed by the accountants. Restrictions rules on specific financial ratios such as current ratio, debt ratio, interest protection multiplier and tangible net value shall be calculated based on the consolidated annual financial statements audited by the accountants. It shall be inspected one time per year or as often as the management Bank deems necessary.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

5) The above borrowings are provided by the Group with promissory notes, machinery and equipment, factory and building as collateral for this credit case and the related parties are acting as joint guarantors.
6) The Group made its first withdrawn on April 28, 2023.

(n) Lease liabilities

’ ’ The carrying values of the Group s s lease liabilities were as follows:

Current Non-current	September 30, 2024 $ 47,371	December 31, 2023	September 30, 2023 86,425
		80,374
	$ 34,702	163,366	180,555

For the maturity analysis, please refer to note 6(w).

The amounts recognized in profit or loss were as follows:

For the three months ended September 30 2024 2023 $ 450 1,129	For the three months ended September 30 2024 2023 $ 450 1,129	For the nine months ended September 30	For the nine months ended September 30
2024		2024 1,433	2023
$ 450			3,373
$ 3,675	2,320	9,038	8,064

The amounts recognized in the statement of cash flows for the Group’s were as follows:

Total cash outflow for leases		For the nine months ended September 30 2024 2023 $ 51,204 80,229	For the nine months ended September 30 2024 2023 $ 51,204 80,229
		2024 $ 51,204
			80,229

(i) Real estate leases

The Group’s leases land and buildings for its office space and employee accommodation . The leases of office space and employee accommodation typically run for two to ten years. Some leases include an option to renew the lease for an additional period of the same duration after the end of the contract term.

The Group’s expects the relative proportions of fixed and variable lease payments to remain broadly consistent in future years.

(ii) Other leases

The Group’s leases office facilities and transportation facilities, with lease terms of one to four years. In some cases, the Group’s has options to purchase the assets at the end of the contract term; in other cases, it guarantees the residual value of the leased assets at the end of the contract term.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

The Group’s also leases office facilities and parking space with lease terms of one to four years. These leases are short term or leases of low value items. The Group’s decides to apply recognition exemption, and has selected not to recognize right-of-use assets and lease liabilities for these leases.

(o) Employee benefits

(i) Defined benefit plans

There was no material volatility of the market, no material reimbursement and settlement or other material one-time events since prior fiscal year. As a result, the pension cost in the accompanying interim period was measured and disclosed according to the actuarial report as of December 31, 2023, and 2022.

The expenses recognized in profit or loss for the Group were as follows:

For the three months ended September 30 2024 2023 $ 488 746 $ 1,735 2,506	For the three months ended September 30 2024 2023 $ 488 746 $ 1,735 2,506	For the nine months ended September 30 2024 2023 1,544 2,216	For the nine months ended September 30 2024 2023 1,544 2,216
2024		2024 1,544
$ 488 $ 1,735			2,216
	2,506	5,124	7,539

(ii) Defined contribution plans

For the three months ended September 30 2024 2023 $ 44,409 41,185 $ 9,854 9,132	For the three months ended September 30 2024 2023 $ 44,409 41,185 $ 9,854 9,132	For the nine months ended September 30 2024 2023 128,264 125,378	For the nine months ended September 30 2024 2023 128,264 125,378
2024		2024 128,264
$ 44,409 $ 9,854			125,378
	9,132	28,504	28,012

(p) Income tax

The components of income tax expense (income) were as follows:

The components of income tax	expense (income) were as follows:	expense (income) were as follows:
Current tax expense Adjustments for prior periods Deferred tax expense (income) Origination and reversal of temporary differences Income tax expense (income)	For the three months ended September 30 2024 2023 $ - -		For the nine months ended September 30 2024 2023 759 (1)
	2024		2024 759
	$ -
	4,62	1 4,437	14,336	20,665
	$ 4,62	1 4,437	15,095	20,664

(i) There were no income tax recognized in equity or other comprehensive income.
(ii) The Company’s income tax returns had been examined by the tax authorities through the years to 2022.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(q) Capital and other equitiy

Except for the following disclosure, there were no significant changes in the capital and other equity of the Group between the nine months ended September 30, 2024 and 2023. For other relevant information, please refer to note 6(q) of the consolidated financial report for the year ended December 31, 2023.

(i) Capital surplus

The balances of capital surplus were as follows:

Additional paid-in capital Changes in equity of investment in associates accounted for using equity method Unclaimed cash dividend	September 30, 2024 $ 2,879,453 154,952 621	December 31, 2023 2,879,453 155,284 621	September 30, 2023 2,879,453 157,186 507
	$ 3,035,026	3,035,358	3,037,146

(ii) Retained earnings

’ ’ According to the Company s Article, net earnings should be used to offset the prior year s deficits, if any, before paying any income taxes. 10% of retained earnings will be as legal reserve. The rest of the amount and undistributed surplus will be allocated on the basis of the allocation plan proposed by the Board of Directors and submitted to stockholders for approval.

Due to demand of expanding business, coordinating with Company’s long-term financial plan for sustainable development and stable economic development, The Group adopts Residual Dividend Policy. The main purpose for this policy is to measure financial demand that based on budget of future capital. The steps of distributions are as below: (1) The best capital budget. (2) Determine the financing required to meet the capital budget in the preceding paragraph. (3) Determine the amount of financing required to be financed by retained surplus (the remaining can be financed by cash increase or corporate bonds). (4) The remaining surplus can be distributed to shareholders in the form of dividends after retaining an appropriate amount according to operational needs. The distribution of future dividends takes into account the use of funds, and draws up an appropriate ratio of cash to stock dividends for the current year, in which cash dividends are 50% to 100%, and stock dividends are 50% to zero.

1) Legal reserve

When a company incurs no loss, it may pursuant to a resolution by a shareholders’ meeting, distribute its legal reserve by issuing new shares or by distributing cash, and only the portion of legal reserve which exceeds 25% of capital may be distributed.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

2) Special reserve

In accordance with the requirements issued by the FSC, a portion of earnings shall be allocated as special reserve during earnings distribution. An equivalent amount of special reserve shall be allocated from the net profit in the period and the undistributed prior period earnings. A portion of undistributed prior-period earnings shall be reclassified to special earnings reserve (and does not qualify for earnings distribution) to account for cumulative changes to the net reduction of other shareholders’ equity pertaining to prior periods. Amounts of subsequent reversals pertaining to the net reduction of other shareholders’ equity shall qualify for additional distributions.

3) Earnings distribution

Earnings distribution for 2023 was resolved by the general meeting of shareholders held on June 26, 2024. There was no earnings distribution for the year ended December 31, 2022 due to losses.

The earnings distribution for 2022 was resolved by the general meeting of shareholders held on September 15, 2023 as follow:

		2022
		Amount per
		share	Total amount
Dividends distributed to ordinary shareholders:
Cash	$	0.30	200,822

(iii) Other comprehensive income accumulated in reserves, net of tax

Balance at January 1, 2024 Exchange differences on foreign operations: The Company Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income: The Company Subsidiary Associate Remeasurement of defined benefits plan: Associate Balance at September 30, 2024	Exchange differences on translation of foreign financial statements $ (22,349) 222,795 - - - -	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income Gains (losses) on remeasurement of defined benefits plan 178,921 (238,123) - - (24,871 - 13,478 - (3,713 - - 58 163,815 (238,065)		Total (81,551) 222,795 (24,871) 13,478 (3,713) 58

	$ 200,446			126,196

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

Balance at January 1, 2023 Exchange differences on foreign operations: The Company Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income: The Company Subsidiary Associate Disposal of equity instruments measured at fair value through other comprehensive income Associate Balance at September 30, 2023	Exchange differences on translation of foreign financial statements $ 66,843 77,566 - - - -	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income 443,927 - (221,680) (14,523) (29,037) (868)	Gains (losses) on remeasurement of defined benefits plan (237,946) - - - - - (237,946)		Total 272,824 77,566 (221,680) (14,523) (29,037) (868)

	$ 144,409	177,819			84,282

(r) Earnings (loss) per share

The calculation of basic earnings (loss) per share and diluted earning (loss) per share were as follow:

For the three months ended September 30 2024 2023 Basic earnings (loss) per share: Profit (loss) attributable to ordinary shareholders of the Company $ 352,103 12,422 Weighted average number of ordinary shares (in thousand of shares) 669,407 669,407 $ 0.53 0.02 Diluted earnings (loss) per share: Profit (loss) attributable to ordinary shareholders of the Company $ 352,103 12,422 Weighted average number of ordinary shares (basic) 669,407 669,407 Effect of employee share bonus 222 - Weighted average number of ordinary shares (diluted) (in thousand of shares) 669,629 669,407 $ 0.53 0.02	For the three months ended September 30 2024 2023 Basic earnings (loss) per share: Profit (loss) attributable to ordinary shareholders of the Company $ 352,103 12,422 Weighted average number of ordinary shares (in thousand of shares) 669,407 669,407 $ 0.53 0.02 Diluted earnings (loss) per share: Profit (loss) attributable to ordinary shareholders of the Company $ 352,103 12,422 Weighted average number of ordinary shares (basic) 669,407 669,407 Effect of employee share bonus 222 - Weighted average number of ordinary shares (diluted) (in thousand of shares) 669,629 669,407 $ 0.53 0.02	For the nine months ended September 30 2024 2023 1,187,871 (111,991) 669,407 669,407 1.77 (0.17) 1,187,871 (111,991)	For the nine months ended September 30 2024 2023 1,187,871 (111,991) 669,407 669,407 1.77 (0.17) 1,187,871 (111,991)
2024		2024 1,187,871

	669,407	669,407
	0.02	1.77
	12,422	1,187,871
	669,407 - 669,407	669,407 753 670,160	669,407 - 669,407

	0.02	1.77	(0.17)

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

There was no potential ordinary shareholders which had diluted for the nine months ended September 30, 2023.

(s) Revenue from contracts with customers
(i) Details of revenue

Major products / Services lines: 2 Layers 4 Layers 6 Layers 8 Layers More than 10 Layers Others	For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ 69,25 79,18 196,57 253,156 434,17 419,11 1,276,33 1,250,576 692,49 706,28 2,134,81 2,135,287 1,339,04 1,228,58 4,163,97 2,894,574 2,207,47 1,394,79 6,184,69 4,763,378 16,87 9,00 95,38 34,395 $ 4,759,31 3,836,97 14,051,77 11,331,366	For the nine months ended September 30	For the nine months ended September 30
			2023

(ii) Contract balances

ontract balances
Notes receivable Accounts receivable Less: allowance for impairment	September 30, 2024 $ 13,693 4,913,562 (20,704)	September 30, 2023 11,815 4,035,734 (12,529)	January 1, 2023 15,059 4,470,105 (8,877)
	$ 4,906,551	4,035,020	4,476,287

Please refer to note 6(d) for the disclosure of notes and accounts receivable and their impairment.

(t) Employee compensation and directors’ remuneration

In accordance with the articles of incorporation the Company should contribute 1% to 5% of the profit as employee compensation and less than 3% as directors’ remuneration when there is profit for the year. However, if the Company has accumulated deficits, the profit should be reserved to offset the deficit.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

The Company estimated employee compensation for the three months and nine months ended September 30, 2024 and 2023 to be $7,654 thousand, $0 thousand, $25,969 thousand, and $0 thousand, respectively. The directors’ remuneration during these periods were $5,102 thousand, $0 thousand, $17,312 thousand, and $0 thousand, respectively. These amounts were calculated using the Company’s pre-tax income for each period before deducting the remunerations of employees and directors, multiplied by the proposed percentages of remunerations of employees, directors, and supervisors as stated in the Company’s Articles of Incorporation. These remunerations were expensed under operating costs or expenses for each period. If there are any subsequent adjustments to the actual remuneration amounts after the annual shareholders’ meeting, the adjustments will be regarded as changes in accounting estimates and will be reflected in profit or loss in the following year.

Due to the loss in 2023, the Company did not accrue the remuneration to employee and directors. For the year ended December 31, 2022, the Company estimated its employee remuneration amounting to $9,000 thousand and directors’ remuneration amounting to $4,500 thousand. The amounts, as stated in the financial statements, were identical to those of the actual distributions. Relevant information can be inquired at the Public Information Observatory.

(u) Non-operating income and expenses
(i) Interest income

The details of interest income were as follows:

For the three months ended September 30 2024 2023 $ 7,416 890 92 4	For the three months ended September 30 2024 2023 $ 7,416 890 92 4	For the nine months ended September 30 2024 2023 22,442 6,525 388 9 22,830 6,534 22,442 6,525
2024 $ 7,416 92		2024 22,442 388
$ 7,508	894	22,830
$ 7,416	890	22,442

(ii) Other income

The details of other income were as follows:

Compensation income Design income Subsidy Other income	For the three months ended September 30 2024 2023 $ 5,793 2,717 8,653 10,225 1,145 1,265 16,351 3,915	For the three months ended September 30 2024 2023 $ 5,793 2,717 8,653 10,225 1,145 1,265 16,351 3,915	For the nine months ended September 30 2024 2023 16,368 6,411 29,507 24,312 14,804 4,752 28,015 12,670 88,694 48,145
	2024 $ 5,793 8,653 1,145 16,351		2024 16,368 29,507 14,804 28,015
	$ 31,942	18,122	88,694

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(iii) Other gains and losses

The details of other gains and losses were as follows:

Foreign exchange gains Gains on lease modification Gains on disposals of non-current assets held for sale Net gains on financial assets at fair value through profit Losses on disposals of property, plant and equipment Miscellaneous disbursements		For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ (81,103) 75,386 30,785 173,913 - - 4 4 - - - 200,629 67 44 202 330 (6,078) (1,081) (11,791) (5,356) (5,887) (3,364) (18,356) (5,795)	For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ (81,103) 75,386 30,785 173,913 - - 4 4 - - - 200,629 67 44 202 330 (6,078) (1,081) (11,791) (5,356) (5,887) (3,364) (18,356) (5,795)	For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ (81,103) 75,386 30,785 173,913 - - 4 4 - - - 200,629 67 44 202 330 (6,078) (1,081) (11,791) (5,356) (5,887) (3,364) (18,356) (5,795)
		2024 $ (81,103) - - 67 (6,078) (5,887)

		$ (93,001)		70,985 844 363,725

(iv) Financial costs

The details of finance costs were as follows:

Interest expense on borrowings Handling fee Interest expense on lease liabilities Other Less: interest capitalization		For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ 61,935 64,925 188,351 205,954 49 554 330 2,309 450 1,129 1,433 3,373 - - 11 - (4,666) (4,174) (10,154) (47,398)	For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ 61,935 64,925 188,351 205,954 49 554 330 2,309 450 1,129 1,433 3,373 - - 11 - (4,666) (4,174) (10,154) (47,398)	For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ 61,935 64,925 188,351 205,954 49 554 330 2,309 450 1,129 1,433 3,373 - - 11 - (4,666) (4,174) (10,154) (47,398)
		2024 $ 61,935 49 450 - (4,666)

		$ 57,768		62,434 179,971 164,238

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(v) Financial instruments

Except for the following paragraph, there were no significant changes in the fair value of the Group’s financial instruments and its exposure to credit risk, liquidity risk and market risk due to the financial instruments. For relevant information, please refer to note 6(w) of the consolidated financial report for 2023.

(i) Liquidity risk

The following table shows the contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements.

Carrying amount	Contractual cash flows	Within 12 months	1-5 years	Over 5 years - - - - - - 237,866 -
	3,221,632 - 2,535,724 1,137,301 83,539 1,446,643 3,778,490 28,886	3,221,632 - 2,535,724 1,137,301 48,030 1,446,643 89,119 28,886	- - - - 35,509 - 3,451,505 -
$ 11,946,359	12,232,215	8,507,335	3,487,014	237,866
$ 2,013,190 2,141,794 1,019,775 243,740 1,812,496 4,021,200 27,785	2,044,556 2,141,794 1,019,775 257,672 1,847,779 4,341,125 27,785	2,044,556 2,141,794 1,019,775 88,167 1,847,779 105,944 27,785	- - - 169,505 - 4,235,181 -	- - - - - - -
$ 11,279,980	11,680,486	7,275,800	4,404,686	-

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

September 30, 2023 Non-derivative financial liabilities Short-term borrowings Accounts payable Other payables Leases liabilities Current portion of long-term borrowings Long-term borrowings Guarantee deposits received	Carrying amount	Contractual cash flows	Within 12 months	1-5 years	Over 5 years - - - - - - -
	$ 2,461,233 2,250,650 1,073,988 266,980 1,230,350 4,346,651 27,377	2,498,945 2,250,650 1,073,988 274,922 1,253,935 4,629,911 27,377	2,498,945 2,250,650 1,073,988 91,104 1,253,935 613,518 27,377	- - - 183,818 - 4,016,393 -
	$ 11,657,229	12,009,728	7,809,517	4,200,211	-

The Group does not expect the cash flows included in the maturity analysis to occur significantly earlier or at significantly different amounts.

(ii) Currency risk

1) Exposure to foreign currency risk

’ ’ The Group s s significant exposure to foreign currency risk were as follows:

F	inancial assets: Monetary items USD JPY CNY inancial liabilities:		September 30, 2024			December 31, 2023			September 30, 2023
		Foreign currency	Exchange rate	TWD	Foreign currency	Exchange rate	TWD	Foreign currency	Exchange rate
		$ 209,418 574 65,294 $ 79,888 2,100 27,373	USD/TWD 31.65 JPY/TWD 0.22 CNY/TWD 4.52 USD/TWD 31.65 JPY/TWD 0.22 CNY/TWD 4.52	6,628,089 128 295,326 2,528,455 467 123,808	157,468 578 93,838 69,455 290,042 46,106	USD/TWD 30.71 JPY/TWD 0.22 CNY/TWD 4.33 USD/TWD 30.71 JPY/TWD 0.22 CNY/TWD 4.33	4,835,049 125 406,038 2,132,963 62,997 199,639	186,052 1,350 82,239 76,318 327,622 38,029	USD/TWD 32.27 JPY/TWD 0.22 CNY/NTD 4.42 USD/TWD 32.27 JPY/TWD 0.22 CNY/TWD 4.42
F
	Monetary items USD JPY CNY

2) Sensitivity ananlysis

’ ’ The Group s s exposure to foreign currency risk arises from the translation of the foreign currency exchange gains and losses on cash and cash equivalents, accounts receivable and other receivables, borrowings, and accounts payable and other payables that are denominated in foreign currency. A weakening (strengthening) of 1% of the NTD against the USD, JPY and CNY as of September 30, 2024 and 2023, the net profit before tax in 2024 would have increased (decreased) by $42,708 thousand; the net loss before tax in 2023 would have decreased (increased) by $36,658 thousand. The analysis assumes that all other variables remain constant.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

3) Foreign exchange gain and loss on monetary items

Since the Group’s has many kinds of functional currency, the information on foreign exchange loss on monetary items is disclosed by total amount. For the three months and the nine months ended September 30, 2024 and 2023, foreign exchange gain (loss) (including realized and unrealized portions) amounted to $(81,103) thousand, $75,386 thousand, $30,785 thousand and $173,913 thousand, respectively.

(iii) Interest rate risk

Please refer to the notes on liquidity risk management and interest rate exposure of the Group’s financial assets and liabilities.

The following sensitivity analysis is based on the exposure to the interest rate risk of derivative and non derivative financial instruments on the reporting date. Regarding assets with variable interest rates, the analysis is based on the assumption that the amount of assets outstanding at the reporting date was outstanding throughout the year. The rate of change is expressed as the interest rate increases or decreases by 1% when reporting to management internally, which also represents the Group management’s assessment of the reasonably possible interest rate change.

If the interest rate had increased or decreased by 1%, the Group’s net profit before tax would have decreased or increased by $51,972 thousand for the nine months ended September 30, 2024, the Group’s net loss before tax would have increased or decreased by $55,741 thousand for the nine months ended September 30, 2023 with all other variable factors remaining constant. This was mainly due to the Group’s deposits and borrowings at variable rates.

(iv) Other market price risk

For the nine months ended September 30, 2024 and 2023, the sensitivity analyses for the changes in the securities price at the reporting date were performed using the same basis for the profit and loss as illustrated below:

the profit and loss as illustrated below:
Prices of securities at the reporting date Increasing 1% Decreasing 1%	For the nine months ended September 30 2024 2023 Other comprehensive income after tax Other comprehensive income after tax $ 4,442 4,346
	2024 Other comprehensive income after tax $ 4,442
		Other comprehensive income after tax 4,346
	$ (4,442)	(4,346)

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(w) Fair value of financial instruments
1) Fair value hierarchy

The fair value of financial assets and liabilities at fair value through profit or loss and financial assets at fair value through other comprehensive income is measured on a recurring basis. The carrying amount and fair value of the Group’s financial assets and liabilities, including the information on fair value hierarchy were as follows; however, except as described in the following paragraphs, for financial instruments not measured at fair value whose carrying amount is reasonably close to the fair value, and lease liabilities, disclosure of fair value information is not required:

	September 30, 2024	September 30, 2024	September 30, 2024
Book Value $ 16,683		Fair value
	Level 1 16,683 334,622	Level 2 - -	Level 3 - 109,570
$ 444,192
$ 1,217,393 13,693 4,892,858 87,200 283 4,467 41,779
$ 6,257,673
$ 8,162,375 2,535,724 1,137,301 82,073 28,886
$ 11,946,359

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	December 31, 2023	December 31, 2023	December 31, 2023
Book Value $ 20,481		Fair value
	Level 1 20,481 339,660	Level 2 - -	Level 3 - 96,092
$ 435,752
866,459 11,815 4,023,205 68,533 637 3,404 60,682
$ 5,034,735
$ 7,846,886 2,141,794 1,019,775 243,740 27,785
$ 11,279,980

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

	September 30, 2023	September 30, 2023	September 30, 2023
Book Value $ 72,852		Fair value
	Level 1 72,852 339,320	Level 2 - -	Level 3 - 95,243
$ 434,563
$ 572,157 15,059 4,461,228 67,843 283 3,730 61,057
$ 5,181,357
$ 8,038,234 2,250,650 1,073,988 266,980 27,377
$ 11,657,229

2) Valuation techniques for financial instruments not measured at fair value

If a financial instrument has a quoted price in an active market, the quoted price is used as fair value. The quoted price of a financial instrument obtained from major exchanges and over-the counter markets are the basis used to determine the fair value of a listed company’s stock and the quoted prices in an active market.

A financial instrument is regarded as being quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency and those prices represent actual and regularly occurring market transactions on an arm’s-length basis. If these conditions can not be reached, then the market is non-active. In general, a market with low trading volume or high bid-ask spreads is an indication of a non-active market.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

The Group uses the following method in determining the fair value of its financial struments without a quoted price in an active market:

Financial assets at FVOCI non-current is investments in domestic non-listed stock. The market approach of comparable business based on multiple of the equity value of investments is used to estimate fair value. The estimation of the fair value of equity instruments has been adjusted due to the effect of the discount arising from the lack of marketability.

3) There were no transfers between Levels of the fair value hierarchy for the nine months ended September 30, 2024 and 2023.
4)
Schedule of Changes in Level 3

Balance at January 1 Recognized in other comprehensive income Balance at September 30	For the nine months ended September 30 2024 Fair value through other comprehensive income 2023 Fair value through other comprehensive income $ 96,092 109,766 13,478 (14,523)
	$ 109,570 95,243

5) Quantified information on significant unobservable inputs (Level 3) used in fair value measurement

The Group’s financial instruments that use Level 3 inputs to measure fair value included “fair value through other comprehensive income – equity investments”.

Quantified information of significant unobservable inputs was as follows:

Item

Financial assets at fair value through other comprehensive income-equity investments without an active market

Valuation technique

Comparable public and company method

Inter-relationship between significant unobservable inputs Significant and fair value unobservable inputs measurement

‧Price-Earnings value multiplier (2024.9.30:1.00、 2023.12.31:1.02、 2023.9.30:0.99)
‧Higher the rate, higher the fair value
‧Lack of market liquidity, the higher the discount, the lower the fair value
‧Lack of market liquidity discount rate (2024.9.30:9.83%、 2023.12.31:11.05%、 2023.9.30:10.03%)

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

6) Fair value measurements in Level 3 – sensitivity analysis of reasonably possible alternative assumptions.

The Group’s measurement on the fair vlaue of financial instruments may change if different valuation models or inputs were used. For fair value measuerments in Level 3, changing one or more of the assumptions would have the following effects on other comprehensive income:

Change in A	Other Compehase income	Other Compehase income
	favour	unfavour
5% 5% 5% 5% 5% 5%	$ 5,465	5,465 584 4,722 584 4,828 531
	$ 584
	$ 4,722
	$ 584
	$ 4,828
	$ 531

(x) Financial risk management

The financial risk management objectives and policies of the Group have not changed significantly from those disclosed in note 6(x) of the consolidated financial report for the year ended December 31, 2023.

(y) Capital management

The capital management objectives, policies and procedures of the Group are consistent with those disclosed in the consolidated financial report for the year ended December 31, 2023; in addition, there are no significant changes in the summary quantitative information of capital management items and those disclosed in the consolidated financial report for the year ended December 31, 2023. For relevant information, please refer to note 6(y) of the consolidated financial report for the year ended December 31, 2023.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(z) Investing and financing activities not affecting current cash flow

2024.1.1	Cash flows $ - (894,837) 1,095,884 (40,733) 251	Non-cash changes Exchange rate changes Lease payment change September 30, 2024 - - $ - 35,849 - 4,974,708 78,593 - 3,187,667 - (120,934) 82,073 850 - 28,886
$ - $ 5,833,696 2,013,190 243,740 27,785
$ 8,118,411	160,565	115,292 (120,934) 8,273,334
2023.1.1	Cash flows (1,151,983) 799,756 (68,792)	Non-cash changes Exchange rate changes lease payment change September 30, 2023 23,758 - 5,577,001 33,862 - 2,461,233 - 20,469 266,980
$ 6,705,226 1,627,615 315,303
$ 8,648,144	(421,019)	57,620 20,469 8,305,214

(7) Related-party transactions

(a) Parent company and ultimate controlling company

’ The Company is both the parent company and the ultimate controlling party of the Group s.

(b) Names and relationship with related parties

The followings are entities that have had transactions with related party during the periods covered in the consolidated financial statements.

Name of related party

CHANG, YUAN-MING

Fulltech Fiber Glass Corp. Ideal Bike Corporation

Unitech Printed Circuit Humanities and

Education Foundation

Taiwan Green Foods & Eco-agriculture Development Foundation

Relationship with the Group

President of the company

An associate

The entity’s president is the second immediate family of the president of the Company The entity’s president is the first immediate family of the president of the Company The entity’s president is the first immediate family of the president of the Company

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

Name of related party Relationship with the Group

Taiwan Environmental Sustainable Development Fundation Taiwan Federation of commerce

The entity’s chairman is the first immediate family of the president of the Company The entity’s chairman is the president of the Company

(c) Significant transactions with related parties
(i) Acquisitions of financial assets

Category of related party	Accounting item	For the nine months ended September 30 Object of the transaction Acquisition of price Stocks $ 19,833
		Object of the transaction Stocks
Ideal Bike Corporation	Financial assets at fair value through other comprehensive income non-current

(ii) Loans and guarantee to Related Parties

For the nine months ended September 30, 2024 and 2023, the president had provided a ’ guarantee for loans to the Group s.

(iii) As of September 30, 2024, December 31, 2023 and September 30, 2023, other receivables raised due to collection and payment and various expense between the Group’s and related parties were $283 thousand, $637 thousand and $283 thousand respectively which were recongnized other receivables-related parties.
(iv) Donations

Unitech Printed Circuit Humanities and Education Foundation Other related parties Total	For the three months ended September 30 For the nine months ended September 30 2024 2023 2024 2023 $ 1,000 1,000 3,000 3,000 300 - 550 500 $ 1,300 1,000 3,550 3,500

The Group ’ s donations to related parties were recognized “ selling expenses and ” administrative expenses .

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(d) Key management personnel compensation

Key management personnel compensation comprised:

For the three months ended September 30 2024 2023 $ 10,484 11,430 13,997 - $ 24,481 11,430	For the three months ended September 30 2024 2023 $ 10,484 11,430 13,997 - $ 24,481 11,430	For the nine months ended September 30 2024 2023 32,757 33,871 13,997 -	For the nine months ended September 30 2024 2023 32,757 33,871 13,997 -
2024		2024 32,757 13,997
$ 10,484 13,997 $ 24,481
	11,430	46,754	33,871

(8) Pledged assets

The carrying values of pledged assets were as follows:

Pledged assets	Object	September 30, 2024		December 31, 2023		September 30, 2023
Land Building and construction Right-of-used assets Machinery equipments Certificate of deposit (Note 1) Stock (Note 2)	Short-term and long-term borrowings Short-term and long-term borrowings Long-term borrowings Long-term borrowings Bureau of Costoms’ endorsement and Letzer Industrial Park deposit Short-term borrowings	$ 1,175,550 1,679,559 132,370 1,784,398 16,800 149,800 $ 4,938,477		407,228 1,713,674 129,231 2,038,146 35,950 150,500 4,474,729		407,228 1,661,173 134,733 1,994,630 35,950 160,100 4,393,814

“ ” (Note1) Classified into the account of Refundable deposits .

“ ” (Note2) Classified into the account of Investment accounted for using equity method .

(9) Significant commitments and contingencies:

(a) As of September 30, 2024, December 31, 2023 and September 30, 2023, the machinery equipment agreement entered by the Group had the material amounts of $1,030,079 thousand, $390,128 thousand and $610,546 thousand, respectively; of which, the payments of $298,133 thousand, $317,474 thousand and $499,787 thousand, respectively.
’ ’
(b) The Group s s outstanding standby letter of credit were as follows:

USD JPY	September 30, 2024 $ 145	December 31, 2023 811	September 30, 2023 972
	$ 15,450	332,850	332,850

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(10) Losses Due to Major Disasters: None

(11) Subsequent Events: None

(12) Other:

(a) A summary of current-period employee benefits, depreciation, and amortization, by function, is as follows:

follows:
By funtion By item	For the three months ended September 30
	2024			2023
	Cost of Sale	Operating Expense	Total	Cost of Sale	Operating Expense	Total
Employee benefits
Salary	841,360 78,756 44,897 - 35,613 347,953 7,917	259,999 12,234 11,589 6,457 18,883 20,158 7,996	1,101,359 90,990 56,486 6,457 54,496 368,111 15,913	722,192 76,913 41,931 - 33,533 372,642 8,342	157,848 12,254 11,638 1,355 15,395 19,775 9,445	880,040 89,167 53,569 1,355 48,928 392,417 17,787
Labor and health insurance
Pension
Remuneration of directors
Others
Depreciation
Amortization

	For the nine months ended September 30
By funtion By item	2024			2023
	Cost of Sale	Operating Expense	Total	Cost of Sale	Operating Expense	Total
Employee benefits
Salary	2,476,237 228,574 129,808 - 102,955 1,043,633 25,611	651,322 41,722 33,628 21,451 56,583 59,997 24,206	3,127,559 270,296 163,436 21,451 159,538 1,103,630 49,817	2,206,083 235,386 127,594 - 97,165 1,102,607 24,234	462,229 41,745 35,551 4,135 50,391 61,269 29,020	2,668,312 277,131 163,145 4,135 147,556 1,163,876 53,254
Labor and health insurance
Pension
Remuneration of directors
Others
Depreciation
Amortization

(b) Seasonality of Operation

’ ’ The Group s s operation was not affected by seasonality or cyclicality factors.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(13) Other disclosures:

(a) Information on significant transactions:

The following was the information on significant transactions required by the “Regulations Governing the Preparation of ” ’ Financial Reports by Securities Issuers for the Group s:

(i) Loans to other parties:

Number	Name of lender	Name of borrower	Account name	Related party	Highest balance of financing to other parties during the period	Ending balance	Actual usage amount during the period	Range of interest rates during the period	Purposes of fund financing for the borrower	Transaction amount for business between two parties	Reasons for short-term financing	Allowance for bad debt	Collateral	Collateral	Individual funding loan limits	Maximum limit of fund financing	Note
													Item	Value
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nontong) Co., Ltd.	Other receivables -related parties	Yes	190,890	94,983	94,983	3.45%	2	-	General operating and retrrn the loan	-	-	-	3,718,820	3,718,820	Note 1

Note 1: This transaction has been eliminated when the consolidated financial report is prepared.

Note 2: The total amount available for loan of the Company shall not exceed 20% of its net worth; and the individual amount available for financing purposes shall not exceed 10% of the Company’s net worth.

For a subsidiary who, directly or indirectly, holds the entire shares of a foreign subsidiary, the maximum amount available for loan should not exceed the net worth of subsidiary which is lender.

Note 3: The filling method of capital loan and nature is as follows:

(1) Fill in 1 for those who has business relations.

(2) Fill in 2 if there is a need for short-term financing.

(ii) Guarantees and endorsements for other parties:

No. (Note 1)	Name of guarantor	Counter-party of guarantee and endorsement	Counter-party of guarantee and endorsement	Limitation on amount of guarantees and endorsements for a specific enterprise (Note 3 and 5)	Highest balance for guarantees and endorsements during the period	Balance of guarantees and endorsements as of reporting date	Actual usage amount during the period	Property pledged for guarantees and endorsements (Amount)	Ratio of accumulated amounts of guarantees and endorsements to net worth of the latest financial statements	Maximum amount for guarantees and endorsements (Note 4 and 6)	Parent company endorsements/ guarantees to third parties on behalf of subsidiary	Subsidiary endorsements/ guarantees to third parties on behalf of parent company	Endorsements/ guarantees to third parties on behalf of companies in Mainland China
		Name	Relationshi p with the Company (Note 2)
0	The Company	Unitech BVI	2	5,609,644	288,000	100,000	-	-	0.89%	8,975,430	Y	N	N
0	The Company	Shanghai Unitech Electronics (Nantong) Co., Ltd.	2	5,609,644	1,731,825	1,478,823	1,180,783	-	13.18%	8,975,430	Y	N	Y
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	2	3,718,820	1,357,072	404,938	404,938	-	10.89%	7,437,640	Y	N	Y

Note1: The numbers filled in for the loans provided by the Company or subsidiaries are as follows:

‘ ’ (a)The Company is 0 .

(b)The subsidiaries are numbered in order starting from ‘1’.

Note2: 7 forms of relationships in which corporate guarantees exist are defined as follows:

(a) Entities have business relations with Company.

(b) The Company directly or indirectly holds more than 50% of voting shares of its subsidiaries.

(d) The Company directly or indirectly holds 90% of voting shares of its subsidiaries.

(e) Entities have construction contract agreements with the Company.

(f) The reason for the Company jointly invested in the entities is to provide proportionate endorsements.

(g) The Company has contractual pre-sale house agreements with its related parties under the Consumer Protection Law. Note3: The Company’s aggregate amount allows endorsement or guarantee that does not exceed 50% of its net worth in September 30, 2024. Note4: The Company’s aggregate amount allows endorsement or guarantee that does not exceed 80% of its net worth in September 30, 2024. Note5: The Subsidiaries aggregate amount to one company allows endorsement or guarantee that does not exceed 100% or its net worth in September 30, 2024. Note6: The Subsidiaries aggregate total amount allows endorsement or guarantee that does not exceed 200% of its net worth in September 30, 2024.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(iii) Securities held as of September 30, 2024 (excluding investment in subsidiaries, associates and joint ventures):

(Amounts in Thousands of New Taiwan Dollars/Shares)

Name of holder	Category and name of security	Relationship with company	Account title	Ending balance	Ending balance	Ending balance	Ending balance	Note
				Shares/Units (thousands)	Carrying value	Percentage of ownership (%)	Fair value
The Company	Ideal Bike Corporation	Related party	Financial assets at fair value through other comprehensive income non-current	36,254	334,622	11.10%	334,622	-
DA TAI Investment Co., Ltd.	ANCAD, INC	-	"	26	-	2.02%	-	-
DA TAI Investment Co., Ltd.	Taiwan First Biotechnology Corporation	-	"	5,306	109,570	4.00%	109,570	-
DA TAIInvestment Co.,Ltd.	Jih Sun Money Market Fund	-	Current financial assets at fair value through profit or loss	1,082	16,683	-	16,683	-

(iv) Individual securities acquired or disposed of with accumulated amount exceeding the lower of NT$300 million or 20% of the capital stock: None.
(v) Acquisition of individual real estate with amount exceeding the lower of NT$300 million or 20% of the capital stock:

Name of company	Name of property	Transaction date	Transaction amount	Status of payment	Counter-par ty	Relationship with the Company	If the counter-party is a related party, disclose theprevious transfer information	If the counter-party is a related party, disclose theprevious transfer information	If the counter-party is a related party, disclose theprevious transfer information	If the counter-party is a related party, disclose theprevious transfer information	References for determining price	Purpose of acquisition and current condition	Others
							Owner	Relationshi p with the Company	Date of transfer	Amount
The Company	Land	2024.01.16	1,132,332 (Note 1)	Paid in full	Industrial Developme nt Bureau, Ministry of Economic Affairs	None	Not applicable	Not applicable	Not applicable	Not applicable	Note 2	Overall planning of operation	None

Note 1: The total transaction amount, after deducting the rent paid of $364,098 thousand and the advance payment for land costs of $9,037 thousand results in an actual payment amount of $759,197 thousand.

Note 2: The price was based on a letter from the Industrial Development Bureau, Ministry of Economic Affairs.

(vi) Disposal of individual real estate with amount exceeding the lower of NT$300 million or 20% of the capital stock: None.
(vii) Related-party transactions for purchases and sales with amounts exceeding the lower of NT$300 million or 20% of the capital stock:

Name of company	Related party	Nature of relationship	Transaction details	Transaction details	Transaction details	Transaction details	Transactions with terms different from others	Transactions with terms different from others	Notes/Accounts receivable (payable)	Notes/Accounts receivable (payable)	Note
			Purchase/ Sale	Amount	Percentage of total purchases/sales	Payment terms	Unit price	Payment terms	Ending balance	Percentage of total notes/accounts receivable (payable)
The Company	Shanghai Unitech Electronics (Nantong) Co., Ltd.	Subsidiary	Purchase	2,875,493	40.00%	The payment terms are based on the loose funds.	-	The payment terms are based on the loose funds.	(1,444,297)	(44.67)%	Note 1
Shanghai Unitech Electronics (Nantong) Co., Ltd.	The Company	The Parent Company	Sale	(2,875,493)	(80.67)%	The collection are based on the loose funds.	-	The collection are based on the loose funds.	1,444,297	81.40%	Note 1

Note 1: This transaction have been eliminated when the consolidated financial report is prepared.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(viii) Receivables from related parties with amounts exceeding the lower of NT$100 million or 20% of the capital stock:

Name of company	Counter-party	Nature of relationship	Ending balance	Turnover rate	Overdue Amount Action taken	Overdue Amount Action taken	Amounts received in subsequent period	Allowance for bad debts	Note
						Action taken
Shanghai Unitech Electronics (Nantong) Co., Ltd.	The Company	The parent company	Account Receivable-related party 1,444,297	2.86	-	-	384,007 (USD 10,945 thousand)	-	Note 1
Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	Subsidiary	Account Receivable-others 101,295	-	-	-	-	-	Note 1

Note 1: The transaction have been eliminated in the preparation of the consolidated financial statements.

(ix) Trading in derivative instruments: None.
(x) Business relationships and significant intercompany transactions:

No. (Note 1)	Name of company	Name of counter-party	Nature of relationship (Note 2)	Intercompanytransactions	Intercompanytransactions	Intercompanytransactions	Intercompanytransactions
				Account name	Amount	Trading terms (Note 4)	Percentage of the consolidated net revenue or total assets
0	The Company	Shanghai Unitech Electronics (Nantong) Co., Ltd.	1	Sales	42,421	-	0.30%
0	The Company	Shanghai Unitech Electronics (Nantong) Co., Ltd.	1	Accounts Receivable	644	-	-%
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	3	Other Receivables	101,295	-	0.43%
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	3	Other Income	51,603	-	0.37%
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	3	Interest Income	2,515	-	0.02%
2	Shanghai Unitech Electronics (Nantong) Co., Ltd.	The Company	2	Sales	2,875,493	-	20.46%
2	Shanghai Unitech Electronics (Nantong) Co., Ltd.	The Company	2	Accounts Receivable	1,444,297	-	6.15%
3	Unitech BVI	Unitech HK	3	Other Receivables	2,638	-	0.01%

Note 1: Company numbering as follow:

(1). Parent company 0

(2). Subsidiaries starting from 1.

Note 2: Relationship:

(1). Transaction between the Parent Company and the subsidiary.

(2). Transaction between the subsidiary and the Parent Company.

(3). Transaction between the subsidiary and the subsidiary.

Note 3: Only disclouse sales, revenues and receivables.

Note 4: The prices and terms of payment for intercompany sales are not materially different from those for ordinary sales. For the rest of the transactions, since there are no similar transactions, the terms of the transactions are determined by mutual agreement.

Note 5: The above transactions have been eliminated in the preparation of the consolidated financial statements.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(b) Information on investees:

The following is the information on investees for the nine months ended September 30, 2024 (excluding information on investees in Mainland China):

(Unit: thousand shares)

Name of investor	Name of investee	Location	Main businesses and products	Original investment amount	Original investment amount	Balance as of September 30, 2024	Balance as of September 30, 2024	Balance as of September 30, 2024	Net income (losses) of investee	Share of profits/losses of investee	Note
				September 30, 2024	December 31, 2023	Shares	Percentage of wnership	Carrying value
The Company	Unitech BVI	British Virgin Islands	Reinvestment	2,793,183	2,793,183	4.34	100.00%	4,438,293	168,699	169,818	Note 1
The Company	DA-TAI Investment Co., Ltd.	Taipei	General investment	820,019	820,019	82,000	100.00%	1,035,703	(16,738)	(16,738)	Note 1
The Company	Unitech Thailand	Thailand	Manufacturing and sale of PCB	459,077	67,269	5,000	100.00%	485,833	(1,684)	(1,684)	Note 1 and 2
The Company	Unitech HK	Hong Kong	Reinvestment	153,980	153,980	5,000	6.10%	249,842	179,727	10,959	Note 1
DA-TAI Investment Co., Ltd.	Fulltech Fiber Glass Corp.	Taipei	Manufacturing of glass and glass products	600,684	600,684	60,655	13.02%	908,579	(78,490)	(10,311)	-
Unitech BVI	Unitech HK	Hong Kong	Reinvestment	2,480,927	2,480,927	77,000	93.90%	4,442,078	179,727	168,768	Note 1

Note 1: The transaction have been eliminated in the preparation of the consolidated financial statements.

Note 2: The Company increased its capital in Unitech Thailand by THB 150,000 thousand in March， THB 74,700 thousand in August， and THB 200,000 thousand in September of the year 2024.

(c) Information on investment in mainland China:

(i) The names of investees in Mainland China, the main businesses and products, and other information:

(In Thousands of New Taiwan Dollars)

Name of investee	Main businesses and products	Total amount of paid-in capital	Method of investment (Note 1)	Accumulated outflow of investment from Taiwan as of January 1, 2024	Investment flows	Investment flows	Accumulated outflow of investment from Taiwan as of September 30, 2024	Net income (losses) of the investee	Percentage of ownership	Investment income (losses) (Note 2 and 3)	Book value (Note 3)	Accumu-lated remittance of earnings in current period
					Outflow	Inflow
Shanghai Unitech Electronics Co., Ltd.	Manufacturing and sale of PCB	2,474,777	(2)	2,480,927	-	-	2,480,927	141,895	100.00%	141,895	3,718,820	-
Shanghai Unitech Electronics (Nantong) Co., Ltd.	Manufacturing and sale of PCB	4,486,960	(3)	937,800 (Note 4)	-	-	937,800	177,359	100.00%	177,359	4,574,194	-

(ii) Limitation on investment in Mainland China:

Company Name	Accumulated Investment in Mainland China as of September 30, 2024 (Note 5)	Investment Amounts Authorized by Investment Commission, MOEA (Note 5)	Upper Limit on Investment (Note 6)
The Company	3,952,958 (USD 124,896 thousand)	3,952,958 (USD 124,896 thousand)	6,731,573

Note 1: Three ways to investment in mainland China

(1) Direct investment
(2) Indirect investment through holding companies
(3) Others

Note 2: The recognition of gain and loss on investment based on the audit financial report which was assured by R.O.C. Accountant.

Note 3: The intercompany transactions have been eliminated from consolidation.

Note 4: The amount includes the capitalization of retained earnings amounting to USD 27,000 thousand.

Note 5: As of September 30, 2024, exchange rate USD/NTD 1:31.65

Note 6: Calulated based on 60% of hte Company’s net worth.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(iii) Significant transactions:

The significant inter-company transactions with the subsidiary in Mainland China, which were eliminated in the preparation of consolidated financial statements for the nine months ended September “ ” 30, 2024, are disclosed in Information on significant transactions .

(d) Major shareholders:

(Unit: share)

		(Unit: share)
Shareholding Shareholder’s Name	Shares	Percentage
GUO-LING INVESTMENT CO.LTD	42,836,450	6.39%

(14) Segment information:

(a) Information about reportable segments and their measurement and reconciliations.

The Group’s engaged in the production and sales of PCB, thus there is no disclosure of industrial financial information.

’ ’ The Group s s operating segment information and reconciliation are as follows:

For the	three months ended September 30, 2024	three months ended September 30, 2024	three months ended September 30, 2024
Domestic PCB and other $ 4,521,198 653	Oversea PCB 238,118 1,003,052	Reconciliation and elimination - (1,003,705)	Total
			4,759,316 -
$ 4,521,851	1,241,170	(1,003,705)	4,759,316
$ 310,734	45,990	-	356,724
For the	three months ended September 30, 2023
Domestic PCB and other $ 3,591,703 1,917	Oversea PCB 245,268 1,033,162	Reconciliation and elimination - (1,035,079)	Total
			3,836,971 -
$ 3,593,620	1,278,430	(1,035,079)	3,836,971
$ (92,850)	109,709	-	16,859

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

For the nine months ended September 30, 2024	For the nine months ended September 30, 2024	For the nine months ended September 30, 2024	For the nine months ended September 30, 2024
Domestic PCB and other $ 13,326,795 42,421	Oversea PCB 724,983 2,839,615	Reconciliation and elimination - (2,882,036)	Total
$ 13,369,216	3,564,598	(2,882,036)
$ 1,035,956	167,010	-
$ 22,164,057	8,987,417	(7,663,526)
Domestic PCB and other $ 10,528,366 6,935	Oversea PCB 803,000 2,812,311	Reconciliation and elimination - (2,819,246)	Total
			11,331,366 - 11,331,366 (91,327) 22,246,313
$ 10,535,301	3,615,311	(2,819,246)
$ (370,083)	278,756	-
$ 21,059,520	8,312,585	(7,125,792)

AI assistant

UNITECH — Interim / Quarterly Report 2024

52034_rns_2024-12-02_7db458e4-9b19-4b32-8996-e3fbdf5549e3.pdf

UNITECH PRINTED CIRCUIT BOARD CORPORATION AND SUBSIDIARIES

Table of contents

Independent Auditors ’ Review Report

Introduction

Scope of Review

Basis for Qualified Conclusion

Qualified Conclusion

KPMG

Notes to Readers

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Balance Sheets

September 30, 2024, December 31, 2023, and September 30, 2023

(Expressed in Thousands of New Taiwan Dollars)

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income

For the three months and nine months ended September 30, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars , Except for Earnings Per Common Share)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese)

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Changes in Equity

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Cash Flows

For the nine months ended September 30, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

(English Translation of Consolidated Financial Statements Originally Issued in Chinese) Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Cash Flows

For the three months and nine months ended September 30, 2024 and 2023

(Expressed in Thousands of New Taiwan Dollars)

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

September 30, 2024 and 2023

(1) Company history

(2) Approval date and procedures of the consolidated financial statements:

(3) New standards, amendments and interpretations adopted:

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(4) Summary of material accounting policies:

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(d) Non-current assets held for sale

(e) Income taxes

(f)

Employee benefits

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty:

(6) Explanation of significant accounts

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

Inventories

(f) Non-current assets held for sale

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(h) Property, plant, and equipment

(i) Guarantee

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(ii) Acquistion of machinery and equipment

(i) Right-of-use-assets

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(j) Intangible assets

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(i) Amortization

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(l) Other payables

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(n) Lease liabilities

(ii) Other leases

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(o) Employee benefits

(i) Defined benefit plans

(p) Income tax

Unitech Printed Circuit Board Corporation and Subsidiaries Notes to the Consolidated Financial Statements

(q) Capital and other equitiy

UNITECH Interim / Quarterly Report 2024