Stock Code:2367

UNITECH PRINTED CIRCUIT BOARD CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements

For the Three Months Ended March 31, 2026 and 2025

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	Page
1. Cover Page	1
2. Table of Contents	2
3. Independent Auditors’ Review Report	3
4. Consolidated Balance Sheets	4
5. Consolidated Statements of Comprehensive Income	5
6. Consolidated Statements of Changes in Equity	6
7. Consolidated Statements of Cash Flows	7
8. Notes to the Consolidated Financial Statements
(1) Company history	8
(2) Approval date and procedures of the consolidated financial statements	8
(3) New standards, amendments and interpretations adopted	8~10
(4) Summary of material accounting policies	10~11
(5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty	12
(6) Explanation of significant accounts	12~38
(7) Related-party transactions	38~39
(8) Pledged assets	40
(9) Significant commitments and contingencies	41
(10) Losses Due to Major Disasters	41
(11) Subsequent Events	41
(12) Other	41
(13) Other disclosures
(a) Information on significant transactions	42~44
(b) Information on investees	44
(c) Information on investment in mainland China	44~46
(14) Segment information	46

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 March 31, 2026 and 2025, and the related consolidated statements of comprehensive income for the three months ended March 31, 2026 and 2025, as well as the changes in equity and cash flows for the three months ended March 31, 2026 and 2025, 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 $1,517,750 thousand and $1,097,796 thousand, constituting 5.88% and 4.59% of consolidated total assets as of March 31, 2026 and 2025, respectively, total liabilities amounting to $646 thousand and $559 thousand, constituting 0.00% and 0.01% of consolidated total liabilities as of March 31, 2026 and 2025, respectively, and total comprehensive income (loss) amounting to $48,548 thousand, $16,715 thousand, constituting (32.58%), 3.25%, of consolidated total comprehensive income (loss) for the three months ended March 31, 2026 and 2025, respectively.

3-1

Qualified Conclusion

Except for the adjustments, if any, as might have been determined to be necessary had the financial statements of the investee companies described in the Basis for Qualified Conclusion paragraph been reviewed by independent auditors, which may have had an effect on the consolidated financial statements, 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 March 31, 2026 and 2025, and the consolidated financial performance and cash flows for the three-month periods then ended, in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, "Interim Financial Reporting," as 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 Chuang Chun-Wei and Horng, Shyh-Gang.

KPMG

Taipei, Taiwan (Republic of China)

May 5, 2026

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

March 31, 2026, December 31, 2025, and March 31, 2025

(Expressed in Thousands of New Taiwan Dollars)

Assets	March 31, 2026		December 31, 2025		March 31, 2025
		Amount	%	Amount	%	Amount	%
Current assets:
1100	Cash and cash equivalents (note 6(a))	$ 763,200	3	906,024	4	1,728,322	8
1110	Current financial assets at fair value through profit or loss (notes 6(b) and (r))	22,189	-	23,102	-	20,840	-
1150	Notes receivable, net (notes 6(d) and (r))	74,926	-	72,563	-	20,437	-
1170	Accounts receivable, net (notes 6(d) and (r))	4,065,970	16	3,844,362	16	4,176,594	18
1200	Other receivables	81,840	1	136,978	1	87,569	-
1210	Other receivables-related parties (note 7)	288	-	666	-	281	-
1310	Inventories (note 6(e))	2,906,879	11	2,993,202	12	2,681,593	11
1410	Prepayments	291,523	1	211,068	1	194,625	1
1461	Non-current assets held for sale	-	-	-	-	43,772	-
1476	Other financial assets-current	4,845	-	4,825	-	4,870	-
1479	Other current assets	6,730	-	12,073	-	13,461	-
	Total current assets	8,218,390	32	8,204,863	34	8,972,364	38
Non-current assets:
1517	Financial assets at fair value through other comprehensive income non-current (notes 6(c) and 7)	334,852	1	310,537	1	398,962	2
1550	Investments accounted for using equity method, net (notes 6(f) and 8)	1,407,061	6	1,348,236	5	967,050	4
1600	Property, plant and equipment (notes 6(g), (t), and 8)	13,958,842	54	13,112,394	53	12,827,239	54
1755	Right-of-use assets (notes 6(h) and 8)	249,678	1	176,868	1	213,827	1
1780	Intangible assets (note 6(i))	99,684	1	91,202	-	103,812	-
1840	Deferred tax assets (note6(o))	252,695	1	250,522	1	251,862	1
1915	Prepayments for business facilities	1,140,099	4	1,155,559	5	84,295	-
1920	Refundable deposits (note 8)	37,926	-	37,945	-	37,739	-
1980	Other financial Assets-non-current (note 8)	35,601	-	42,415	-	-	-
1990	Other non-current assets	72,844	-	68,332	-	70,493	-
	Total non-current assets	17,589,282	68	16,594,010	66	14,955,279	62
Total assets		$ 25,807,672	100	24,798,873	100	23,927,643	100
	March 31, 2026		December 31, 2025		March 31, 2025
---	---	---	---	---	---	---
	Amount	%	Amount	%	Amount	%
Liabilities and Equity
Current liabilities:
Short-term borrowings (notes 6(j),7 and 8)	$ 2,119,081	8	1,919,820	8	2,420,738	10
Accounts payable	2,240,854	9	2,370,064	10	2,407,535	10
Other payables (note 6(k))	2,054,154	8	2,092,643	8	1,218,014	5
Current Tax Liabilities	23,205	-	23,205	-	-	-
Provisions – Current	4,696	-	3,713	-	-	-
Current lease liabilities (note 6(m) and(t))	58,265	-	25,088	-	41,667	-
Deferred Revenue	2,100	-	-	-	-	-
Current portion of long-term borrowings (notes 6(l),7 and 8)	2,059,439	8	1,580,706	6	969,436	4
Other current liabilities	43,382	-	31,011	-	33,700	-
Total current liabilities	8,605,176	33	8,046,250	32	7,091,090	29
Non-Current liabilities:
Long-term borrowings (notes 6(l),7 and 8)	4,143,612	16	3,592,451	15	3,268,069	14
Deferred tax liabilities (note6(o))	180,163	1	177,637	1	178,239	1
Non-current lease liabilities (note 6(m) and (t))	64,994	-	27,284	-	40,810	-
Deferred Revenue – Non-current	8,225	-	-	-	-	-
Net defined benefit liability, non-current (note6(p))	92,422	1	97,030	-	154,934	1
Total non-current liabilities	4,489,416	18	3,894,402	16	3,642,052	16
Total liabilities	13,094,592	51	11,940,652	48	10,733,142	45
Equity attributable to owners of parent (note 6(p)):
Ordinary shares	7,062,532	27	7,062,532	28	7,094,072	30
Capital surplus	4,045,372	16	4,046,665	16	3,718,317	16
Retained earnings:
Legal reserve	334,902	1	334,902	1	176,123	1
Unappropriated retained earnings	1,103,315	4	1,387,821	7	2,021,461	8
Total retained earnings	1,438,217	5	1,722,723	8	2,197,584	9
Other equity:
Exchange differences on translation of foreign financial statements	363,054	2	254,894	1	335,948	1
Unrealised gains (losses) from financial assets at fair value through other comprehensive income	44,453	-	17,112	-	113,567	-
Gains (losses) on remeasurements of defined benefit	(215,788)	(1)	(215,792)	(1)	(264,987)	(1)
Unearned Compensation – Employees	(24,760)	-	(29,913)	-	-	-
Total other equity	166,959	1	26,301	-	184,528	-
Total equity	12,713,080	49	12,858,221	52	13,194,501	55
Total liabilities and equity	$ 25,807,672	100	24,798,873	100	23,927,643	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 ended March 31, 2026 and 2025

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

	March 31,2026		March 31,2025
		Amount	%	Amount	%
4000	Operating revenue, net (note 6(r))	$ 3,898,120	100	4,337,449	100
5110	Cost of sales (notes 6(e), (i), (m), (n) and 12)	3,673,213	94	3,436,765	79
	Gross profit from operations	224,907	6	900,684	21
	Operating expenses: (notes 6(d), (i), (m), (n), (s), 7 and 12)
6100	Selling expenses and administrative expenses	480,778	12	448,854	10
6300	Research and development expenses	45,048	1	39,497	1
6450	Expected credit loss	(301)	-	2,039	-
	Total operating expenses	525,525	13	490,390	11
	Net operating profit (loss)	(300,618)	(7)	410,294	10
	Non-operating income and expenses (notes 6(b), (f), (g), (m) and (t)):
7100	Interest income	1,242	-	1,852	-
7010	Other income	21,579	-	22,512	1
7020	Other gains and losses, net	(13,475)	-	43,129	1
7050	Finance costs, net	(39,471)	(1)	(40,217)	(1)
7060	Share of loss of associates accounted for using equity method, net	47,762	1	19,195	-
	Total non-operating income and expenses	17,637	-	46,471	1
	Profit (loss) from continuing operations before tax	(282,981)	(7)	456,765	11
7950	Less: Income tax expenses (income) (note 6(o))	1,525	-	23,094	1
	Profit (loss)	(284,506)	(7)	433,671	10
8300	Other comprehensive income:
8310	Items that may not be reclassified subsequently to profit or loss
8316	Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive income	24,315	-	(6,650)	-
8320	Share of other comprehensive income of associates accounted for using equity method, components of other comprehensive income(note 6(f),(p))	3,030	-	25	-
	Items that may not be reclassified subsequently to profit or loss	27,345	-	(6,625)	-
8360	Items that may be reclassified subsequently to profit or loss
8361	Exchange differences on translation of foreign financial statements	103,987	3	87,898	2
8370	Share of Other Comprehensive Income of Associates Accounted for Using the Equity Method – Items That May Be Reclassified Subsequently to Profit or Loss	4,173	-	-	-
	Items that may be reclassified subsequently to profit or loss	108,160	3	87,898	2
8300	Other comprehensive income (after tax)	135,505	3	81,273	2
	Comprehensive income	$ (149,001)	(4)	514,944	12
	Profit (loss) attributable to:
	Owners of parent	$ (284,506)	(7)	433,671	10
		$ (284,506)	(7)	433,671	10
	Comprehensive (loss) income attributable to:
	Owners of parent	$ (149,001)	(4)	514,944	12
		$ (149,001)	(4)	514,944	12
	Earnings (loss) per share (NT dollars) (note 6(q))
	Basic earnings (loss) per share (NT dollars)	$	(0.40)		0.61
	Diluted earnings (loss) per share (NT dollars)	$	(0.40)		0.61

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 three months ended March 31, 2026 and 2025

(Expressed in Thousands of New Taiwan Dollars)

Balance at January 1, 2025

Profit

Other comprehensive income

Comprehensive income

Balance at March 31, 2025

Balance at January 1,2026

Profit

Other comprehensive income

Comprehensive income

Other Changes in Additional Paid-in Capital:

Changes in Associates Accounted for Using the Equity Method

Balance at March 31, 2026

Equity attributable to owners of parent

Ordinary shares	Capital surplus	Retained earnings		Exchange differences on translation of foreign financial statements	Total other equity interest		Gains (losses) on remeasurements of defined benefit	Total equity attributable to owners of parent
		Legal reserve	Unappropriated retained earnings		Unrealized gains (losses) from financial assets at fair value through other comprehensive income	Gains (losses) on remeasurements of defined benefit
$ 7,094,072	3,718,317	176,123	1,587,790	248,050	120,192	(264,987)	-	12,679,557
-	-	-	433,671	-	-	-	-	433,671
-	-	-	-	87,898	(6,625)	-	-	81,273
-	-	-	433,671	87,898	(6,625)	-	-	514,944
$ 7,094,072	3,718,317	176,123	2,021,461	335,948	113,567	(264,987)	-	13,194,501
$ 7,062,532	4,046,665	334,902	1,387,821	254,894	17,112	(215,792)	(29,913)	12,858,221
-	-	-	(284,506)	-	-	-	-	(284,506)
-	-	-	-	108,160	27,341	4	-	135,505
-	-	-	(284,506)	108,160	27,341	4	-	(149,001)
-	(1,293)	-	-	-	-	-	5,153	3,860
$ 7,062,532	4,045,372	334,902	1,103,315	363,054	44,453	(215,788)	(24,760)	12,713,080

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 three months ended March 31, 2026 and 2025 (Expressed in Thousands of New Taiwan Dollars)

	For the three months ended March 31
	2026	2025
Cash flows from (used in) operating activities:
Profit (Loss) before tax	$ (282,981)	456,765
Adjustments:
Adjustments to reconcile profit (loss):
Depreciation expense	341,649	358,203
Amortization expense	13,403	13,217
Expected credit loss	(301)	2,039
Interest expense	39,404	40,123
Interest income	(1,242)	(1,852)
Share of (gain) / loss of associates accounted for using equity method	(47,762)	(19,195)
(Gain) / Loss on disposal of property, plant and equipment	12	(147)
Net profit on financial assets at fair value through profit or loss e	(87)	(81)
Other items	(175)	(8)
Total adjustments to reconcile profit	344,901	392,299
Changes in operating assets and liabilities:
Notes receivable	(2,363)	5,367
Accounts receivable	(221,307)	589,594
Other receivables	55,096	32,493
Other receivables-related parties	378	382
Inventories	86,323	(127,919)
Prepayments	(80,455)	(93,069)
Other financial assets-current	(20)	(81)
Other current assets	5,343	(1,684)
Accounts payable	(129,210)	(17,754)
Other payables	(168,602)	(345,452)
Provisions	983	-
Other current liabilities	11,875	2,104
Net defined benefit liability	(4,608)	(2,874)
Deferred Revenue	10,500	-
Total changes in operating assets and liabilities	(436,067)	41,107
Total adjustments	(91,166)	433,406

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 ended March 31, 2026 and 2025

(Expressed in Thousands of New Taiwan Dollars)

	For the three months ended March 31
	2026	2025
Cash inflow generated from operations	(374,147)	890,171
Interest received	1,284	1,493
Interest paid	(37,369)	(37,208)
Net cash flows from operating activities	(410,232)	854,456
Cash flows from (used in) investing activities:
Disposal of Financial Assets at Fair Value Through Profit or Loss	1,000	2,000
Acquisition of property, plant and equipment	(941,970)	(486,322)
Proceeds from disposal of property, plant and equipment	24	679
Increase in refundable deposits	48	(69)
Acquisition of intangible assets	(15,742)	(8,029)
Increase in other non-current assets	5,893	-
Net cash flows used in investing activities	(1,340)	(406)
Cash flows from (used in) financing activities:	(952,087)	(492,147)
Increase in short-term borrowings
Decrease in short-term borrowings	1,405,944	846,336
Increase in short-term notes and bills payable	(1,264,715)	(719,772)
Proceeds from long-term borrowings	2,072,509	245,136
Repayments of long-term borrowings	(1,057,676)	(103,966)
Increase (decrease) in guarantee deposits received	-	(5,633)
Payment of lease liabilities	(14,882)	(13,751)
Net cash flows from (used in) financing activities	1,141,180	248,350
Effect of exchange rate changes on cash and cash equivalents	78,315	28,431
Net increase in cash and cash equivalents	(142,824)	639,090
Cash and cash equivalents at beginning of period	906,024	1,089,232
Cash and cash equivalents at end of period	$ 763,200	1,728,322

See accompanying notes to consolidated financial statements.

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the 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

March 31, 2026 and 2025

(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 May 5, 2026.

(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, 2026:

IFRS 17 "Insurance Contracts" and Amendments to IFRS 17
Amendments to IFRS 9 and IFRS 7 "Amendments to the Classification and Measurement of Financial Instruments"
Annual Improvements to IFRS Accounting Standards
Amendments to IFRS 9 and IFRS 7 "Contracts Referencing Nature-dependent Electricity"

(b) The impact of IFRS issued by IASB but not yet endorsed by the FSC

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 Interpretations	Content of amendment	Effective date per IASB
IFRS 18 “Presentation and Disclosure in Financial Statements”	The new standard introduces three categories of income and expenses, two income statement subtotals and one single note on management performance measures. The three amendments,	January 1, 2027

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

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 19 "Subsidiaries without Public Accountability: Disclosures" and Amendments to IFRS 19
Amendments to IAS 21 "Lack of Exchangeability"

(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, 2025. For the related information, please refer to note 4 of the consolidated financial statements for the year ended December 31, 2024.

(b) Basis of consolidation

(i) List of subsidiaries in the consolidated financial statements

Name of investor	Name of subsidiary	Principal activity	Shareholding			-
			March 31, 2026	December 31, 2025	March 31, 2025
The Company	Unitech Electronics International Limited (Unitech BVI)	General investing	100.00%	100.00%	100.00%	-
The Company	DA-TAI Investment Co., Ltd.	General investing	100.00%	100.00%	100.00%	Note 1
The Company	Unitech Electronics International (HK) Limited (Unitech HK)	General investing	6.10%	6.10%	6.10%	-

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

The Company	UNITECH PCB (THAILAND) CO., LTD. (Unitech Thailand)	Manufacturing of electronics	100.00%	100.00%	100.00%	-
Unitech BVI	Unitech Electronics International (HK) Limited (Unitech HK)	General investing	93.90%	93.90%	93.90%	-
Unitech HK	Shanghai Unitech Electronics Co., Ltd.	Manufacturing of electronics	100.00%	100.00%	100.00%	-
Unitech HK	Shanghai Unitech Electronics (Nantong) Co., Ltd.	Manufacturing of electronics	21.33%	21.33%	21.33%	-
Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	Manufacturing of electronics	78.67%	78.67%	78.67%	-
Shanghai Unitech Electronics (Nantong) Co., Ltd.	Shanghai Unitech Electronics International Trading (HK) Co., Limited.	Manufacturing of electronics	100.00%	-	-	Note2

Note 1: The Company is a non-significant subsidiary whose financial statements have not been reviewed.
Note 2: The subsidiary was newly incorporated in January 2026.

(ii) Subsidiaries excluded from the consolidated financial statements: None.

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 significant 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:

In the preparation of these consolidated financial statements in accordance with the preparation guidelines and International Accounting Standard 34 “Interim Financial Reporting” as endorsed by the Financial Supervisory Commission, management is required to make judgments and estimates concerning the future (including climate-related risks and opportunities), which may affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from those estimates.

The significant judgments made by management in applying the accounting policies of the consolidated entities, as well as the key sources of estimation uncertainty, are consistent with those disclosed in Note 5 to the consolidated financial statements for the year ended 2025.

(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, 2025. Please refer to note 6 of the consolidated financial statements for the year ended December 31, 2025.

(a) Cash and cash equivalents

	March 31, 2026	December 31, 2025	March 31, 2025
Cash in stock	$ 2,368	2,609	1,152
Bank deposits	760,832	721,121	1,450,484
Time deposits	-	182,294	276,686
	$ 763,200	906,024	1,728,322

Please refer to note 6(u) 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

	March 31, 2026	December 31, 2025	March 31, 2025
Mandatorily measured at fair value
Non-derivative financial assets
Open End Funds	$ 22,189	23,102	20,840

For the periods from January 1 to March 31, 2026 and 2025, the consolidated entities recognized net gains of NT$87 thousand and NT$81 thousand, respectively, from financial instruments measured at fair value through profit or loss, which were presented under “Other gains and losses.”

As of March 31, 2026, December 31, 2025, and March 31, 2025, no financial instruments measured at fair value through profit or loss held by the consolidated entities were pledged as collateral.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	March 31, 2026	December 31, 2025	March 31, 2025
Listed common shares	$ 247,249	217,522	290,029
Unlisted common shares	87,603	93,015	108,933
	$ 334,852	310,537	398,962

(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 three months ended March 31, 2026 and 2025.

(ii) For credit risk and market risk, please refer to note 6(u).

(iii) The aforementioned financial assets were not pledged as collateral.

(d) Notes and accounts receivable

	March 31, 2026	December 31, 2025	March 31, 2025
Notes receivable	$ 74,926	72,563	20,437
Accounts receivable	4,088,466	3,867,248	4,202,418
Less: Loss allowance	(22,496)	(22,886)	(25,824)
	$ 4,140,896	3,916,925	4,197,031

(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:

	March 31, 2026
	Gross carrying	Weighted-average	Loss allowance
Current	$ 4,005,350	0.04%	1,647
1 to 90 days past due	137,591	1.11%	1,528
91 to 180 days past due	2,506	67.04%	1,680
More than 181 days past due	17,945	98.31%	17,641
	$ 4,163,392		22,496
	December 31, 2025
	Gross carrying	Weighted-average	Loss allowance
Current	$ 3,734,686	0.04%	1,623
1 to 90 days past due	183,381	1.23%	2,247
91 to 180 days past due	3,907	36.17%	1,413
More than 181 days past due	17,837	98.69%	17,603
	$ 3,939,811		22,886
	March 31, 2025
	Gross carrying	Weighted-average	Loss allowance
Current	$ 4,043,924	0.04%	1,419
1 to 90 days past due	155,025	1.03%	1,596
91 to 180 days past due	1,182	38.41%	454
More than 181 days past due	22,724	98.38%	22,355
	$ 4,222,855		25,824

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

	For the three months ended
	2026	2025
Balance at January 1	$ 22,886	24,059
Impairment losses recognized (Reversed)	(301)	2,039
Amounts written off	(90)	(276)
Effect of exchange rate changes	1	2
Balance at March 31	$ 22,496	25,824

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

As of March 31, 2026, December 31, 2025, and March 31, 2025, none of the above financial assets of the consolidated companies were pledged as collateral.

Inventories

	March 31, 2026	December 31, 2025	March 31, 2025
Raw materials and supplies	$ 524,891	424,782	399,631
Work in progress	1,207,796	1,487,034	1,376,976
Finished goods	815,787	731,752	664,820
Merchandise inventory	551,586	500,438	385,860
	3,100,060	3,144,006	2,827,287
Allowance to reduce inventory to market	(193,181)	(150,804)	(145,694)
	$ 2,906,879	2,993,202	2,681,593

The cost of inventories recognized as cost of goods sold for the periods from January 1 to March 31, 2026 and 2025 amounted to NT$3,777,385 thousand and NT$3,558,383 thousand, respectively. The details of inventory-related gains and losses recognized as cost of goods sold by the consolidated companies are as follows:

	For the three months ended
	2026	2025
(Gain) losses on valuation of inventories	$ 41,080	3,033
Revenue from sales of scraps	(145,252)	(124,651)
	$ (104,172)	(121,618)

As of March 31, 2026, December 31, 2025, and March 31, 2025, none of the inventories of the consolidated companies were pledged as collateral.

(f) Investments accounted for using equity method

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

	March 31, 2026	December 31, 2025	March 31, 2025
Associates	$ 1,407,061	1,348,236	967,050

(i) Associates

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

	March 31, 2026	December 31, 2025	March 31, 2025
Carrying amount of individually insignificant associates' equity	$ 1,407,061	1,348,236	967,050

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

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

| | For the three months ended
March 31 | |
| --- | --- | --- |
| | 2026 | 2025 |
| Attributable to the Group’s: | | |
| Profit/(Loss) | $ 47,762 | 19,195 |
| Other comprehensive income | 7,203 | 25 |
| Comprehensive income | $ 54,965 | 19,220 |

(ii) Guarantee

As of March 31, 2026, December 31, 2025 and March 31, 2025, 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

(g) Property, plant, and equipment

The cost, depreciation, and impairment of the property, plant and equipment of the Group’s for the three months ended March 31, 2026 and 2025, were as follows:

	Land	Buildings and constructions	Machinery equipment	Office facilities	Other facilities	Testing equipment	Construction in progress	Total
Cost or deemed cost:
Balance at January 1, 2026	$ 1,568,498	5,963,891	14,795,820	384,611	5,057,143	264,824	2,344,414	30,379,201
Additions	-	-	-	2	-	-	328,554	328,556
Disposals	-	-	(138,853)	(2,489)	(7,546)	-	-	(148,888)
Reclassification	-	480	129,531	10,196	91,010	(72,677)	560,667	719,207
Effect of movements in exchange rates	(6,838)	119,654	96,770	253	535	-	(23,466)	186,908
Balance at March 31, 2026	$ 1,561,660	6,084,025	14,883,268	392,573	5,141,142	192,147	3,210,169	31,464,984
Balance at January 1, 2025	$ 1,576,977	6,024,648	15,059,867	363,895	4,949,582	203,561	831,755	29,010,285
Additions	-	-	-	-	2,942	-	515,902	518,844
Disposals	-	-	(261,467)	(934)	(5,914)	-	-	(268,315)
Reclassification	(37,529)	(6,505)	112,532	696	20,983	(63,461)	(49,312)	(22,596)
Effect of movements in exchange rates	3,447	50,875	40,259	177	199	-	19,943	114,900
Balance at March 31, 2025	$ 1,542,895	6,069,018	14,951,191	363,834	4,967,792	140,100	1,318,288	29,353,118
Depreciation and impairments loss:
Balance at January 1, 2026	$ -	1,579,369	11,059,781	314,846	4,312,811	-	-	17,266,807
Depreciation	-	57,322	210,594	5,695	50,749	-	-	324,360
Disposals	-	-	(138,832)	(2,475)	(7,545)	-	-	(148,852)
Effect of movements in exchange rates	-	26,272	36,966	281	308	-	-	63,827
Balance at March 31, 2026	$ -	1,662,963	11,168,509	318,347	4,356,323	-	-	17,506,142
Balance at January 1, 2025	$ -	1,362,967	10,672,000	303,725	4,089,551	-	-	16,428,243
Depreciation	-	57,929	223,464	4,675	57,969	-	-	344,037
Disposals	-	-	(261,411)	(928)	(5,444)	-	-	(267,783)
Reclassification	-	(1,691)	-	-	-	-	-	(1,691)
Effect of movements in exchange rates	-	9,526	13,375	119	53	-	-	23,073
Balance at March 31, 2025	$ -	1,428,731	10,647,428	307,591	4,142,129	-	-	16,525,879
Carrying Value:
Balance on January 1, 2026	$ 1,568,498	4,384,522	3,736,039	69,765	744,332	264,824	2,344,414	13,112,394
Balance on March 31, 2026	$ 1,561,660	4,421,062	3,714,759	74,226	784,819	192,147	3,210,169	13,958,842
Balance on January 1, 2025	$ 1,576,977	4,661,681	4,387,867	60,170	860,031	203,561	831,755	12,582,042
Balance on March 31, 2025	$ 1,542,895	4,640,287	4,303,763	56,243	825,663	140,100	1,318,288	12,827,239

(i) Guarantee

As of March 31, 2026, December 31, 2025 and March 31, 2025, 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) Acquisition of machinery and equipment

For the three months and three months end March 31, 2025 and 2024, the information of the Group acquisition of machinery and equipment were as below:

	For the three months ended March 31
	2026	2025
Capitalization interest rate	2.39%~2.95%	2.58%~3.78%
Capitalized borrowing cost	$ 7,970	6,851

(h) Right-of-use-assets

The details of changes in the cost and depreciation of right-of-use assets leased by the consolidated companies, including land, buildings, office equipment, and transportation equipment, are as follows:

	Land	Buildings and constructions	Office facilities	Transportation facilities	Other assets	Total
Cost:
Balance at January 1, 2026	$ 149,771	35,033	11,073	47,026	34,369	277,272
Additions	-	73,345	-	11,976	478	85,799
Disposals	-	(21,623)	-	(5,724)	(100)	(27,447)
Effect on movements of exchange rates	5,103	-	-	-	(19)	5,084
Balance at March 31, 2026	$ 154,874	86,755	11,073	53,278	34,728	340,708
Balance at January 1, 2025	$ 152,760	63,393	4,645	52,085	28,398	301,281
Additions	-	6,753	9,192	-	5,062	21,007
Disposals	-	-	(2,763)	(2,706)	-	(5,469)
Effect on movements of exchanges rates	2,176	-	-	-	-	2,176
Balance at March 31, 2025	$ 154,936	70,146	11,074	49,379	33,460	318,995
Accumulated depreciation:
Balance at January 1, 2026	$ 22,466	28,116	4,138	31,338	14,346	100,404
Depreciation	765	10,850	884	2,965	1,825	17,289
Disposals	-	(21,623)	-	(5,724)	(87)	(27,434)
Effect on movements of exchange rates	774	-	-	-	(3)	771
Balance at March 31, 2026	$ 24,005	17,343	5,022	28,579	16,081	91,030
Balance at January 1, 2025	$ 19,859	38,108	3,288	26,203	8,472	95,930
Depreciation	756	7,828	963	2,859	1,760	14,166
Disposals	-	-	(2,764)	(2,466)	-	(5,230)
Effect on movements of exchange rates	302	-	-	-	-	302
Balance at March 31, 2025	$ 20,917	45,936	1,487	26,596	10,232	105,168

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	Land	Buildings and constructions	Office facilities	Transportation facilities	Other assets	Total
Carrying amount:
Balance at January 1, 2026	$ 127,305	6,917	6,935	15,688	20,023	176,868
Balance at March 31, 2026	$ 130,869	69,412	6,051	24,699	18,647	249,678
Balance at January 1, 2025	$ 132,901	25,285	1,357	25,882	19,926	205,351
Balance at March 31, 2025	$ 134,019	24,210	9,587	22,783	23,228	213,827

For details of assets pledged as collateral for short-term and long-term borrowings and credit facilities of the consolidated companies as of March 31, 2026, December 31, 2025, and March 31, 2025, please refer to Note 8.

(i) Intangible assets

The information on movement of the intangible assets of the Group for the three months ended March 31, 2026 and 2025, was as follows:

	Computer Software
Costs:
Balance at January 1, 2026	$ 214,998
Separately Acquired	15,742
Disposals	(18,743)
Effect on movements of exchange rates	(7)
Balance at March 31, 2026	$ 211,990
Balance at January 1, 2025	$ 205,127
Separately Acquired	8,029
Disposals	(6,271)
Balance at March 31, 2025	$ 206,885
Accumulated amortization:
Balance at January 1, 2026	$ 123,796
Amortization	7,253
Disposals	(18,743)
Balance at March 31, 2026	$ 112,306
Balance at January 1, 2025	$ 102,294
Amortization	7,050
Disposals	(6,271)
Balance at March 31, 2025	$ 103,073
Carrying amount:
Balance at January 1, 2026	$ 91,202
Balance at March 31, 2026	$ 99,684
Balance at January 1, 2025	$ 102,833
Balance at March 31, 2025	$ 103,812

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(i) Amortization

For the three months ended March 31, 2026 and 2025, the amortization of intangible assets were included in the statement of comprehensive income was as follows:

	For the three months ended March 31
	2026	2025
Operating cost	$ 699	1,130
Operating expense	$ 6,554	5,920

(j) Short-term borrowings

The short-term borrowings were summarized as follows:

	March 31, 2026	December 31, 2025	March 31, 2025
Unsecured bank borrowings	$ 1,716,797	1,351,926	2,235,696
Secured bank borrowings	402,284	567,894	185,042
Total	$ 2,119,081	1,919,820	2,420,738
Unused short-term credit lines	$ 6,593,123	6,217,327	5,953,775
Range of interest rates	1.85%~2.80%	1.85%~2.80%	1.95%~3.50%

(i) Issuance and Repayment of Borrowings

New borrowings for the three months ended March 31, 2026 and 2025 amounted to NT$1,405,944 thousand and NT$846,336 thousand, with interest rates ranging from 1.85%–2.46% and 1.95%–3.35%, and final maturity dates of November 2026 and March 2026, respectively; repayments amounted to NT$1,264,715 thousand and NT$719,772 thousand, respectively.

(ii) Collateral for Bank Borrowings

Please refer to Note 8 for details regarding assets pledged as collateral for short-term borrowings of the consolidated entities.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(k) Other payables

	March 31, 2026	December 31, 2025	March 31, 2025
Expense payables	$ 363,422	301,532	282,606
Salary payables	295,105	511,609	285,048
Equipment payables	1,223,840	1,103,732	408,496
Others	171,787	175,770	241,864
Total	$ 2,054,154	2,092,643	1,218,014

(l) Long-term borrowings

The long-term borrowings were summarized as follows:

	March 31, 2026	December 31, 2025	March 31, 2025
Unsecured bank borrowings	$ 1,778,023	1,647,500	767,298
Secured bank borrowings	4,425,028	3,525,657	3,470,207
Less: current portion	(2,059,439)	(1,580,706)	(969,436)
Total	$ 4,143,612	3,592,451	3,268,069
Unused long-term credit lines	$ 6,559,914	3,025,636	3,585,032
Range of interest rates	1.85%~3.20%	1.90%~3.20%	1.92%~3.40%

(i) Issuance and Repayment of Borrowings

Borrowings issued for the three months ended March 31, 2026 and 2025 amounted to NT$2,072,509 thousand and NT$245,136 thousand, with interest rates ranging from 1.85%–3.20% and 1.92%–3.40%, and final maturity dates of December 2034 and December 2029, respectively; repayments amounted to NT$1,057,676 thousand and NT$103,966 thousand, respectively.

(ii) Collateral for Bank Borrowings

Please refer to Note 8 for details regarding assets pledged as collateral for bank borrowings of the consolidated entities.

(iii) Special Financial Ratio Covenants under Syndicated Credit Facility Agreements

(1) Syndicated credit facility agreement entered into by the consolidated entities with a banking syndicate (Bank of Taiwan, Chang Hwa Commercial Bank, Taiwan Business Bank, Taiwan Cooperative Bank, First Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank, Shin Kong Bank, and Shanghai Commercial & Savings Bank) on March 27, 2023.

(2) Syndicated credit facility agreement entered into by the consolidated entities with a banking syndicate (Taiwan Cooperative Bank, Land Bank of Taiwan, Taiwan Business Bank, and Agricultural Bank of Taiwan) on March 28, 2025.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

The financial ratios and requirements set forth above shall be calculated based on the annual consolidated financial statements audited and certified by a certified public accountant approved by the agent bank.

In accordance with the respective annual syndicated credit facility agreements, the consolidated entities used the consolidated financial statements for the years 2025 and 2024 as the basis for calculation, and have not violated any financial ratio covenants stipulated in the syndicated credit facility agreements.

(m) Lease liabilities

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

	March 31, 2026	December 31, 2025	March 31, 2025
Current	$ 58,265	25,088	41,667
Non-current	$ 64,994	27,284	40,810

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

The amounts recognized in profit or loss were as follows:

	For the three months ended March 31
	2026	2025
Interest on lease liabilities	$ 731	457
Expenses relating to leases of low value assets and short-term leases	$ 3,854	3,327

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

	For the three months ended March 31
	2026	2025
Total cash outflow for leases	$ 19,467	17,535

(i) Leases of Land, Buildings and Structures

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.

(n) 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, 2025, and 2024.

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

	For the three months ended March 31
	2026	2025
Operating cost	$ 272	428
Operating expense	$ 1,119	1,665

(ii) Defined contribution plans

	For the three months ended March 31
	2026	2025
Operating cost	$ 46,903	46,667
Operating expense	$ 11,015	10,426

(o) Income tax

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

	For the three months ended March 31
	2026	2025
Deferred tax expense (income)
Origination and reversal of temporary differences	$ 1,525	23,094
Income tax expense (income)	$ 1,525	23,094

(i) There was 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 2023.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(p) Capital and other equity

Except for the following disclosure, there were no significant changes in the capital and other equity of the Group between the three months ended March 31, 2026 and 2025. For other relevant information, please refer to note 6(p) of the consolidated financial report for the year ended December 31, 2025.

(i) Capital surplus

The balances of capital surplus were as follows:

	March 31, 2026	December 31, 2025	March 31, 2025
Share Premium from Issuance of Share	$ 3,514,247	3,514,247	3,529,941
Changes in equity of investment in associates accounted for using equity method	523,384	524,677	180,874
Unclaimed cash dividend	1,029	1,029	790
Expired Stock Warrants	6,712	6,712	6,712
	$ 4,045,372	4,046,665	3,718,317

(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.

In response to the Company's business expansion needs and in alignment with its long-term financial planning objectives to ensure sustainable operations and stable corporate development, the Company adopts a residual dividend policy. Under this policy, the annual funding requirements are primarily assessed based on the Company's future capital budget. Retained earnings are first utilized to finance the required capital expenditures, and only the remaining earnings are distributed to shareholders in the form of dividends. The distribution procedure is as follows: (1) Determine the optimal capital budget. (2) Determine the total amount of financing required to fulfill the aforementioned capital budget. (3) Determine the portion of the required financing to be funded through retained earnings (with the remainder financed through cash capital increases, corporate bonds, or other means as appropriate). (4) After reserving an appropriate amount of the remaining earnings for operational needs, up to one hundred percent (100%) of distributable earnings may be distributed to shareholders. In determining future dividend distributions, the Company shall take into account its overall capital utilization and formulate an appropriate ratio of cash dividends to stock dividends for the given fiscal year, provided that cash dividends shall constitute no less than fifty percent (50%) of total dividends distributed.

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

The Company's earnings distribution proposal for the fiscal year 2025 was approved by resolution of the Board of Directors on March 11, 2026, and the earnings distribution proposal for the fiscal year 2024 was approved by resolution of the Shareholders' Meeting on June 17, 2025. The amounts of dividends distributed to owners are as follows:

	2025		2024
	Amount per share	Total amount	Amount per share	Total amount
Dividends distributed to ordinary shareholders:
Cash	$ 0.20	141,251	0.70	496,585

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

	Exchange differences on translation of foreign financial statements	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income	Gains (losses) on remeasurement of defined benefits plan	Unearned Employee Compensation	Total
Balance at January 1, 2026	$ 254,894	17,112	(215,792)	(215,792)	26,301
Exchange differences on foreign operations:
The Company	103,987	-	-	-	103,987
Associate	4,173	-	-	-	4,173
Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income:
The Company	-	29,727	-	-	29,727
Subsidiary	-	(5,412)	-	-	(5,412)
Associate	-	3,026	-	-	3,026
Remeasurements of defined benefit plans
Associate	-	-	4	-	4
Unearned Employee Compensation
Associate	-	-	-	5,153	5,153
Balance at March 31, 2026	$ 363,054	44,453	(215,788)	(24,760)	166,959

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	Exchange differences on translation of foreign financial statements	Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income	Gains (losses) on remeasurement of defined benefits plan	Unearned Employee Compensation	Total
Balance at January 1, 2025	$ 248,050	120,192	(264,987)	-	103,255
Exchange differences on foreign operations:
The Company	87,898	-	-	-	87,898
Unrealized gains (losses) from financial assets measured at fair value through other comprehensive income:
The Company	-	(5,801)	-	-	(5,801)
Subsidiary	-	(849)	-	-	(849)
Associate	-	25	-	-	25
Balance at March 31, 2025	$ 335,948	113,567	(264,987)	-	184,528

(q) 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 March 31
	2026	2025
Basic earnings (loss) per share:
Profit (loss) attributable to ordinary shareholders of the Company	$ (284,506)	433,671
Weighted average number of ordinary shares (in thousand of shares)	706,253	709,407
	$ (0.40)	0.61
Diluted earnings (loss) per share:
Profit (loss) attributable to ordinary shareholders of the Company	$ (284,506)	433,671
Weighted average number of ordinary shares (basic)	706,253	709,407
Effect of employee share bonus	-	384
Weighted average number of ordinary shares (diluted) (in thousand of shares)	706,253	709,791
	$ (0.40)	0.61

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(r) Revenue from contracts with customers

(i) Details of revenue

| | For the three months ended
March 31 | |
| --- | --- | --- |
| | 2026 | 2025 |
| Major products / Services lines: | | |
| 2 Layers | $ 47,229 | 57,020 |
| 4 Layers | 334,271 | 331,531 |
| 6 Layers | 498,010 | 600,566 |
| 8 Layers | 1,273,970 | 1,138,270 |
| More than 10 Layers | 1,741,511 | 2,202,134 |
| Others | 3,129 | 7,928 |
| | $ 3,898,120 | 4,337,449 |

(ii) Contract balances

	March 31, 2026	December 31, 2025	March 31 2025
Notes receivable	$ 74,926	72,563	20,437
Accounts receivable	4,088,466	3,867,248	4,202,418
Less: allowance for impairment	(22,496)	(22,886)	(25,824)
	$ 4,140,896	3,916,925	4,197,031

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

(s) Employee compensation and directors' remuneration

On June 17, 2025, the Company's amended Articles of Incorporation were approved by resolution of the Shareholders' Meeting. Pursuant to the amended Articles, in the event the Company generates a profit in any given fiscal year, the Board of Directors shall first resolve to appropriate between one percent (1%) and five percent (5%) of such profit as employee compensation (of which no less than twenty percent (20%) shall be allocated to entry-level employees) and up to three percent (3%) as director compensation. However, if there are accumulated deficits from prior years, an amount sufficient to cover such deficits shall be reserved before appropriation at the above-stated ratios. Prior to the amendment, the Articles of Incorporation stipulated that in the event the Company generates a profit in any given fiscal year, the Board of Directors shall first resolve to appropriate between one percent (1%) and five percent (5%) of such profit as employee compensation and up to three percent (3%) as director compensation, with the same provision applicable in cases where accumulated deficits from prior years exist.

For the periods from January 1 to March 31, 2026 and 2025, the estimated amounts of employee compensation were NT$0 thousand and NT$9,861 thousand, respectively, and the estimated amounts of director compensation were NT$0 thousand and NT$6,574 thousand, respectively. The estimates are based on the pre-tax net income for the respective periods, before deduction of employee and

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

director compensation, multiplied by the applicable appropriation ratios as stipulated in the Company's Articles of Incorporation, and are recognized as operating expenses for the respective periods. Any difference between the actual distribution amount determined in the subsequent year and the estimated amount shall be treated as a change in accounting estimate and recognized in profit or loss in the year in which the actual distribution is determined.

For the fiscal years 2025 and 2024, the amounts appropriated for employee compensation were NT$10,000 thousand and NT$34,000 thousand, respectively, and the amounts appropriated for director compensation were NT$5,000 thousand and NT$17,000 thousand, respectively. For fiscal year 2025, there was no variance between the estimated and actual distribution amounts. For fiscal year 2024, the difference between the estimated and actual employee compensation distribution amounted to NT$1,333 thousand, which has been recognized in profit or loss for fiscal year 2025. Related information is available on the Market Observation Post System (MOPS).

(t) Non-operating income and expenses

(i) Interest income

The details of interest income were as follows:

| | For the three months ended
March 31 | |
| --- | --- | --- |
| | 2026 | 2025 |
| Interest income from bank deposits | $ 1,237 | 1,626 |
| Other interest income | 5 | 226 |
| | $ 1,242 | 1,852 |

(ii) Other income

The details of other income were as follows:

| | For the three months ended
March 31 | |
| --- | --- | --- |
| | 2026 | 2025 |
| Compensation income | $ 191 | 4,284 |
| Design income | 13,951 | 12,730 |
| Subsidy | 4,795 | 1,176 |
| Other income | 2,642 | 4,322 |
| | $ 21,579 | 22,512 |

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

In accordance with the land use planning of the Nantong Municipal Government of the People's Republic of China, the subsidiaries Shanghai Unitech Electronics Co., Ltd. and Unitech Electronics International (HK) Limited entered into an investment agreement in 2021 with the Administrative Committee of Nantong High-tech Industrial Development Zone. The agreement pertains to the expansion of high-end printed circuit board production capacity of Shanghai Unitech Electronics (Nantong) Co., Ltd. within the Nantong High-tech Industrial Development Zone. The terms of compensation disbursement are stipulated as follows: fifty percent (50%) of the total compensation shall be payable upon completion of the foundation acceptance inspection of the factory premises; thirty percent (30%) upon completion of the scheduled final acceptance inspection; and the remaining twenty percent (20%) upon fulfillment of all of the following conditions by December 31, 2025 — total project investment of no less than USD 450 million, equipment investment of no less than USD 150 million, taxable sales revenue for the applicable year reaching approximately RMB 1.5 billion (with a permissible variance not exceeding 5%), and tax payments of no less than RMB 100 million.

As of December 31, 2025, Shanghai Unitech Electronics (Nantong) Co., Ltd. has completed both the foundation acceptance inspection and eighty percent (80%) of the final acceptance inspection application, thereby qualifying for the corresponding subsidy disbursements. For the periods from January 1 to March 31, 2026 and 2025, the Company received commencement subsidies and recognized the related subsidy income in the amounts of NT$2,902 thousand (RMB 635 thousand) and NT$0 thousand (RMB 0 thousand), respectively.

(iii) Other gains and losses

The details of other gains and losses were as follows:

	For the three months ended March 31
	2026	2025
Foreign exchange gains	$ (13,479)	43,215
Gains on lease modification	-	8
Net gains on financial assets at fair value through	87	81
Gains on disposals of property, plant and	(12)	147
Miscellaneous disbursements	(71)	(322)
	$ (13,475)	43,129

(iv) Financial costs

The details of finance costs were as follows:

	For the three months ended March 31
	2026	2025
Interest expense on borrowings	$ 46,643	46,517
Handling fee	67	94
Interest expense on lease liabilities	731	457
Other	(7,970)	(6,851)
Less: interest capitalization	$ 39,471	40,217

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(u) 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(v) of the consolidated financial report for 2025.

(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
March 31, 2026
Non-derivative financial liabilities
Short-term borrowings	$ 2,119,081	2,130,140	2,130,140	-	-
Accounts payable	2,240,854	2,240,854	2,240,854	-	-
Other payables	2,054,154	2,054,154	2,054,154	-	-
Leases liabilities	123,259	126,167	59,915	66,252	-
Current portion of long-term borrowings	2,059,439	2,084,755	2,084,755	-	-
Long-term borrowings	4,143,612	4,440,518	104,981	3,848,365	487,172
Guarantee deposits received	22,613	22,613	22,613	-	-
	$ 12,763,012	13,099,201	8,697,412	3,914,617	487,172
December 31, 2025
Non-derivative financial liabilities
Short-term borrowings	$ 1,919,820	1,938,936	1,938,936	-	-
Accounts payable	2,370,064	2,370,064	2,370,064	-	-
Other payables	2,092,643	2,092,643	2,092,643	-	-
Leases liabilities	52,372	53,336	25,396	27,940	-
Current portion of long-term borrowings	1,580,706	1,602,354	1,602,354	-	-
Long-term borrowings	3,592,451	3,829,044	87,621	3,435,835	305,588
Guarantee deposits received	22,117	22,117	22,117	-	-
	$ 11,630,173	11,908,494	8,139,131	3,463,775	305,588

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	Carrying amount	Contractual cash flows	Within 12 months	1-5 years	Over 5 years
March 31, 2025
Non-derivative financial liabilities
Short-term borrowings	$ 2,420,738	2,454,176	2,454,176	-	-
Accounts payable	2,407,535	2,407,535	2,407,535	-	-
Other payables	1,218,014	1,218,014	1,218,014	-	-
Leases liabilities	82,477	84,255	42,355	41,900	-
Current portion of long-term borrowings	969,436	979,859	979,859	-	-
Long-term borrowings	3,268,069	3,470,111	83,048	3,126,989	260,074
Guarantee deposits received	25,542	25,542	25,542	-	-
	$ 10,391,811	10,639,492	7,210,529	3,168,889	260,074

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 significant exposure to foreign currency risk were as follows:

	March 31, 2026				December 31, 2025				March 31, 2025
	Foreign currency	Exchange rate		TWD	Foreign currency	Exchange rate		TWD	Foreign currency	Exchange rate		TWD
Financial assets:
Monetary items
USD	$ 170,183	USD/TWD	31.995	5,445,018	164,885	USD/TWD	31.430	5,182,340	191,672	USD/TWD	33.205	6,364,455
CNY	32,443	CNY/TWD	4.629	150,179	36,256	CNY/TWD	4.500	163,007	59,658	CNY/TWD	4.573	272,814
THB	81,416	THB/TWD	0.978	79,641	77,795	THB/TWD	1.002	77,942	259	THB/TWD	0.984	255
Financial liabilities:
Monetary items
USD	$ 69,859	USD/TWD	31.995	2,235,130	80,264	USD/TWD	31.430	2,522,709	69,222	USD/TWD	33.205	2,298,524
CNY	13,276	CNY/TWD	4.629	61,457	42,315	CNY/TWD	4.500	190,246	19,140	CNY/TWD	4.573	87,529
THB	-	THB/TWD	0.978	-	125	THB/TWD	1.002	125	-	THB/TWD	0.984	-

2) Sensitivity analysis

The Group’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, CNY and THB as of March 31, 2026 and 2025, the net loss before tax in 2026 would have increased (decreased) by $33,783 thousand; the net profit before tax in 2025 would have decreased (increased) by $42,515 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 ended March 31, 2026 and 2025, foreign exchange gain (loss) (including realized and unrealized portions) amounted to $(13,479) thousand and $43,215 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 interest rates increase or decrease by one percent (1%), with all other variables held constant, the consolidated pre-tax net loss for the period from January 1 to March 31, 2026 would increase or decrease by NT$18,861 thousand, and the consolidated pre-tax net income for the period from January 1 to March 31, 2025 would decrease or increase by NT$12,286 thousand. Such sensitivity is primarily attributable to the Group's variable-rate deposits and borrowings.

(iv) Other market price risk

The impact on other comprehensive income items of changes in equity securities prices as of the reporting date (both periods are analyzed on the same basis, with all other variables assumed to remain constant) is as follows:

	For the three months ended March 31
	2026	2025
	Other comprehensive income after tax	Other comprehensive income after tax
Prices of securities at the reporting date
Increasing 1%	$ 3,349	3,990
Decreasing 1%	$ (3,349)	(3,990)

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(v) 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:

	March 31, 2026
	Book Value	Fair value
		Level 1	Level 2	Level 3	Total
Financial assets at fair value through profit or loss	$ 22,189	22,189	-	-	22,189
Financial assets at fair value through other comprehensive income	$ 334,852	247,249	-	87,603	334,852
Financial assets measured at amortized cost
Cash and cash equivalents	$ 763,200
Notes receivable, net	74,926
Accounts receivable, net	4,065,970
Other receivables	81,840
Other receivables-related parties	288
Other financial asset-current	40,446
Refundable deposits	37,926
Subtotal	$ 5,064,596
Financial liabilities measured at amortized cost
Borrowings	$ 8,322,132
Accounts payable	2,240,854
Other payables	2,054,154
Lease liabilities	123,259
Guarantee deposits received	22,613
Subtotal	$ 12,763,012

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	December 31, 2025
	Book Value	Fair value
		Level 1	Level 2	Level 3	Total
Financial assets at fair value through profit or loss	$ 23,102	23,102	-	-	23,102
Financial assets at fair value through other comprehensive income	$ 310,537	217,522	-	93,015	310,537
Financial assets measured at amortized cost
Cash and cash equivalents	$ 906,024
Notes receivable, net	72,563
Accounts receivable, net	3,844,362
Other receivables	136,978
Other receivables-related parties	666
Other financial asset-current	47,240
Refundable deposits	37,945
Subtotal	$ 5,045,778
Financial liabilities measured at amortized cost
Borrowings	$ 7,092,977
Accounts payable	2,370,064
Other payables	2,092,643
Lease liabilities	52,372
Guarantee deposits received	22,117
Subtotal	$ 11,630,173

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	March 31, 2025
	Book Value	Fair value
		Level 1	Level 2	Level 3	Total
Financial assets at fair value through profit or loss	$ 20,840	20,840	-	-	20,840
Financial assets at fair value through other comprehensive income	$ 398,962	290,029	-	108,933	398,962
Financial assets measured at amortized cost
Cash and cash equivalents	$ 1,728,322
Notes receivable, net	20,437
Accounts receivable, net	4,176,594
Other receivables	87,569
Other receivables-related parties	281
Other financial asset-current	4,870
Refundable deposits	37,739
Subtotal	$ 6,055,812
Financial liabilities measured at amortized cost
Borrowings	$ 6,658,243
Accounts payable	2,407,535
Other payables	1,218,014
Lease liabilities	82,477
Guarantee deposits received	25,542
Subtotal	$ 10,391,811

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 statements 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 three months ended March 31, 2026 and 2025.

4) Schedule of Changes in Level 3

	For the three months ended March 31
	2026	2025
	Fair value through other comprehensive income	Fair value through other comprehensive income
Balance at January 1	$ 93,015	109,782
Recognized in other comprehensive income	(5,412)	(849)
Balance at March 31	$ 87,603	108,933

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	Valuation technique	Significant unobservable inputs	Inter-relationship between significant unobservable inputs and fair value measurement
Financial assets at fair value through other comprehensive income-equity investments without an active market	Comparable public and company method	·Price-Earnings value multiplier (2026.3.31:0.768 、 2025.12.31:0.828 、 2025.3.31:0.923) ·Lack of market liquidity discount rate (2026.3.31:14.98% 、 2025.12.31:14.24% 、 2025.3.31:8.02%)	·Higher the rate, higher the fair value ·Lack of market liquidity, the higher the discount, the lower the fair value

(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 value of financial instruments may change if different valuation models or inputs were used. For fair value measurements in Level 3, changing one or more of the assumptions would have the following effects on other comprehensive income:

	Input	Change in A	Other Compehase income
			favour	unfavour
March 31, 2026
Financial assets fair value through other	Value	5%	$ 4,351	4,457
	Liquidity	5%	$ 796	743
December 31, 2025
Financial assets fair value through other	Value	5%	$ 4,616	4,722
	Liquidity	5%	$ 796	743
March 31, 2025
Financial assets fair value through other	Value	5%	$ 5,571	5,094
	Liquidity	5%	$ 478	478

(v) Financial risk management

The financial risk management objectives and policies of the Group have not changed significantly from those disclosed in note 6(w) of the consolidated financial report for the year ended December 31, 2025.

(w) Capital management

The Group's capital management objectives, policies, and procedures are consistent with those disclosed in the consolidated financial statements for the fiscal year 2025. Furthermore, there have been no material changes in the summary quantitative data relating to capital management items as compared to those disclosed in the consolidated financial statements for the fiscal year 2025. For further information, please refer to Note 6(x) of the consolidated financial statements for the fiscal year 2025.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

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

	2026.1.1	Cash flows	Non-cash changes		2026.3.31
			Exchange rate changes	Lease payment change
Short-term notes and bills payable	$ 5,173,157	1,014,833	15,061	-	6,203,051
Short-term borrowings	1,919,820	141,229	58,032	-	2,119,081
Lease liabilities	52,372	(14,882)	(17)	85,786	123,259
Guarantee deposits received	22,117	-	496	-	22,613
Total liabilities from financing activities	$ 7,167,466	1,141,180	73,572	85,786	8,468,004
	2025.1.1	Cash flows	Non-cash changes
---	---	---	---	---	---
			Exchange rate changes	lease payment change	2025.3.31
Long-term borrowings (including current portion)	$ 4,095,213	141,170	1,122	-	4,237,505
Short-term borrowings	2,260,065	126,564	34,109	-	2,420,738
Lease liabilities	75,468	(13,751)	-	20,760	82,477
Guarantee deposits received	30,990	(5,633)	185	-	25,542
Total liabilities from financing activities	$ 6,461,736	248,350	35,416	20,760	6,766,262

(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	Relationship with the Group
CHANG, YUAN-MING	President of the company
Fulltech Fiber Glass Corp.	An associate
Ideal Bike Corporation	The entity’s president is the second immediate family of the president of the Company
Unitech Printed Circuit Humanities and Education Foundation	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

(i) Loans and guarantee to Related Parties

For the three months ended March 31, 2026 and 2025, the president had provided a guarantee for loans to the Group's.

(ii) As of March 31, 2026, December 31, 2025 and March 31, 2025, other receivables raised due to collection and payment and various expense between the Group's and related parties were $288 thousand, $666 thousand and $281 thousand respectively which were recognized other receivables-related parties.

(iii) Donations

	For the three months ended March 31
	2026	2025
Unitech Printed Circuit Humanities and Education Foundation	$ 1,000	1,000

The Group's donations to related parties were recognized "selling expenses and administrative expenses".

(d) Key management personnel compensation

Key management personnel compensation comprised:

	For the three months ended March 31
	2026	2025
Short-term employee benefits	$ 11,454	10,686

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(8) Pledged assets

The carrying values of pledged assets were as follows:

Pledged assets	Object	March 31, 2026	December 31, 2025	March 31, 2025
Land	Short-term and long-term borrowings	$ 1,175,550	1,175,550	1,175,550
Building and construction	Short-Term and Long-Term Bank Borrowings and Credit Facilities	3,987,841	3,954,747	4,172,165
Right-of-used assets	Short-Term and Long-Term Bank Borrowings and Credit Facilities	130,869	127,305	134,019
Machinery equipment	Long-term borrowings	1,468,313	1,545,089	1,641,284
Certificate of deposit (Note 1)	Bureau of Costoms’ endorsement and Letzer Industrial Park deposit	16,800	16,800	16,800
Stock (Note 2)	Short-term borrowings	69,600	66,690	159,400
Other financial asset-non current	Bureau of Costoms’ endorsement and Letzer Industrial Park deposit	35,601	42,415	-
		$ 6,884,574	6,928,596	7,299,218

(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 March 31, 2026, December 31, 2025 and March 31, 2025, the machinery equipment agreement entered by the Group had the material amounts of $3,651,373 thousand, $3,885,581 thousand and $1,355,965 thousand, respectively; of which, the payments of $3,349,261 thousand, $2,925,489 thousand and $787,202 thousand, respectively.

(b) The Group’s outstanding standby letter of credit were as follows:

	2026.3.31	2025.12.31	2025.3.31
USD	$ 1,410	5	145
JPY	$ 102,100	13,700	-
EUR	$ 80	40	-

(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:

By item	For the three months ended March 31
	2026			2025
	Cost of Sales	Operating Expenses	Total	Cost of Sales	Operating Expenses	Total
Employee benefits
Salary	830,018	199,144	1,029,162	848,513	194,013	1,042,526
Labor and health insurance	82,195	19,084	101,279	82,693	20,476	103,169
Pension	47,175	12,134	59,309	47,095	12,091	59,186
Remuneration of directors	-	1,390	1,390	-	7,964	7,964
Others	35,356	21,431	56,787	34,512	20,157	54,669
Depreciation	317,242	24,407	341,649	338,444	19,759	358,203
Amortization	4,900	8,503	13,403	5,560	7,657	13,217

(b) Seasonality of Operation

The Group’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 sets forth additional significant transaction information required to be disclosed by the Group for the period from January 1 to March 31, 2026, pursuant to the Regulations Governing the Preparation of Financial Reports by Securities Issuers:

(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		Individual funding loan limits	Maximum limit of fund financing	Note
													Item	Value
1	Unitech Printed Circuit Board Corp.	Unitech PCB (Thailand) Co., Ltd.	Other receivables -related parties	Yes	305,300	489,100	-	-	2	-	General operating	-	-	-	1,271,308	2,542,616	Note 1
2	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	Other receivables -related parties	Yes	194,418	97,209	-	2.46%	2	-	General operating and return the loan	-	-	-	4,041,364	4,041,364	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		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	Relationship with the Company (Note 2)
0	The Company	Shanghai Unitech Electronics (Nantong) Co., Ltd.	2	6,356,540	1,448,877	1,448,877	641,117	-	11.40%	10,170,464	Y	N	Y
0	The Company	Unitech PCB (Thailand) Co., Ltd.	2	6,356,540	484,745	483,595	17,521	-	3.80%	10,170,464	Y	N	N

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.
(c) Investees directly or indirectly own more than 50% of voting shares of the Company
(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 March 31, 2026.
Note4: The Company's aggregate amount allows endorsement or guarantee that does not exceed 80% of its net worth in March 31, 2026.
Note5: The Subsidiaries aggregate amount to one company allows endorsement or guarantee that does not exceed 100% or its net worth in March 31, 2026.
Note6: The Subsidiaries aggregate total amount allows endorsement or guarantee that does not exceed 200% of its net worth in March 31, 2026.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(iii) Securities held as of March 31, 2026 (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				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	247,249	11.10%	247,249	-
DA TAI Investment Co., Ltd.	ANCAD, INC	-	"	26	-	2.02%	-	-
DA TAI Investment Co., Ltd.	Taiwan First Biotechnology Corporation	-	"	5,306	87,603	3.00%	87,603	-
DA TAI Investment Co., Ltd.	Fubon Money Market Fund	-	Current financial assets at fair value through profit or loss	1,407	22,189	-	22,189	-

(iv) Where the amount of purchases or sales with related parties reaches NT$100 million or 20% of the paid-in capital or more. The following are the details of such transactions:

Name of company	Related party	Nature of relationship	Transactions				Transactions with terms different from others		Notes/Accounts receivable (payable)
			Purchase/ Sale	Amount	Percentage of Total Purchases (Sales)	Payment terms	Unit price	Payment terms	Ending balance	Percentage of total notes/accounts receivable (payable)	Note
The Company	Shanghai Unitech Electronics (Nantong) Co., Ltd.	Subsidiary	Purchase	933,684	46.43%	The payment terms are based on the loose funds.	-	The payment terms are based on the loose funds.	(1,311,771)	(49.52)%	Note 1
Shanghai Unitech Electronics (Nantong) Co., Ltd.	The Company	The Parent Company	Sale	(933,684)	(75.47)%	The collection are based on the loose funds.	-	The collection are based on the loose funds.	1,311,771	74.05%	Note 1

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

(v) 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		Amounts received in subsequent period	Allowance for bad debts	Note
					Amount	Action taken
Shanghai Unitech Electronics (Nantong) Co., Ltd.	The Company	The parent company	Account Receivable -related party 1,311,771	2.95	-	-	271,828 (USD 8,328 thousand) (CNY 2,500 thousand)	-	Note 1

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

(vi) Business relationships and significant intercompany transactions:

No. (Note 1)	Name of company	Name of counter-party	Nature of relationship (Note 2)	Intercompany transactions
				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	5,150	-	0.13%
0	The Company	Shanghai Unitech Electronics (Nantong) Co., Ltd.	1	Accounts Receivable	5,170	-	0.02%
0	The Company	Unitech Thailand	1	Sales	153	-	-%
0	The Company	Unitech Thailand	1	Accounts Receivable	3,031	-	0.01%
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	3	Other Receivables	7,330	-	0.03%
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	3	Other Income	19,880	-	0.51%
1	Shanghai Unitech Electronics Co., Ltd.	Shanghai Unitech Electronics (Nantong) Co., Ltd.	3	Interest Income	655	-	0.02%
2	Shanghai Unitech Electronics (Nantong)	The Company	2	Sales	933,684	-	23.95%

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

	Co., Ltd.
2	Shanghai Unitech Electronics (Nantong) Co., Ltd.	The Company	2	Accounts Receivable	1,311,711	-	5.08%
3	Unitech BVI	Unitech HK	3	Other Receivables	3,048	-	0.01%
4	Unitech Thailand	The Company	2	Sales	4,011	-	0.10%
4	Unitech Thailand	The Company	2	Accounts Receivable	3,889	-	0.02%

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 the one-sided data of sales, revenues, and accounts receivable are disclosed; the corresponding purchases, expenses, and accounts payable are not reiterated herein.
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.

(b) Information on investees:

The following is the information on investees for the three months ended March 31, 2026 (excluding information on investees in Mainland China):

(Unit: thousand shares)

Name of investee	Name of investee	Location	Main businesses and products	Original investment amount		Balance as of March 31, 2026			Net income (losses) of investee	Share of profit/losses of investee	Note
				March 31, 2026	December 31, 2025	Shares	Percentage of ownership	Carrying value
The Company	Unitech BVI	British Virgin Islands	Reinvestment	2,793,183	2,793,183	4.34	100.00%	6,833,062	(69,563)	(59,574)	Note 1
The Company	DA-TAI Investment Co., Ltd.	Taipei	General investment	820,019	820,019	82,000	100.00%	1,517,104	46,757	46,757	Note 1
The Company	Unitech Thailand	Thailand	Manufacturing and sale of PCB	2,623,707	2,036,341	27,500	100.00%	2,590,748	(76,249)	(79,087)	Note 1 and 2
The Company	Unitech HK	Hong Kong	Reinvestment	153,980	153,980	5,000	6.10%	274,323	(74,080)	(4,517)	Note 1
DA-TAI Investment Co., Ltd.	Fulhoch Filter Glass Corp	Taipei	Manufacturing of glass and glass products	600,684	600,684	60,655	10.36%	1,407,061	461,035	47,762	-
Unitech BVI	Unitech HK	Hong Kong	Reinvestment	2,480,927	2,480,927	77,000	93.90%	4,285,571	(74,080)	(69,563)	Note 1

Note 1: The transaction has been eliminated in the preparation of the consolidated financial statements.
Note 2: The Company made additional capital contributions to Unitech Thailand totaling THB 140,000 thousand, THB 200,000 thousand, and THB 250,000 thousand in January, February, and March 2026, respectively.

(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, 2025	Investment flows		Accumulated outflow of investment from Taiwan as of March 31, 2025	Net income (losses) of the investee	Percentage of ownership	Investment income (losses) (Note 2 and 3)	Book value (Note 3)	Accumulated 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	(58,171)	100.00%	(58,171)	4,041,364	-
Shanghai Unitech Electronics (Nantong) Co., Ltd.	Manufacturing and sale of PCB	4,486,960	(3)	937,800 (Note 4)	-	-	937,800	(74,573)	100.00%	(74,573)	4,976,147	-

(ii) Limitation on investment in Mainland China:

Company Name	Accumulated Investment in Mainland China as of March 31, 2026 (Note 5)	Investment Amounts Authorized by Investment Commission, MOEA (Note 5)	Upper Limit on Investment (Note 6)
The Company	3,996,048 (USD 124,896 thousand)	3,996,048 (USD 124,896 thousand)	7,627,848

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.

(Continued)

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

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 March 31, 2026, exchange rate USD/NTD 1:31.995

Note 6: The Company's cumulative investment limit in Mainland China is 60% of its net equity.

(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 three months ended March 31, 2026, are disclosed in “Information on significant transactions”.

(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 operating segment information and reconciliation are as follows:

	For the three months ended March 31, 2026
	Domestic PCB and other	Oversea PCB	Reconciliation and elimination	Total
Revenue:
Revenue from external customers	$ 3,604,465	293,655	-	3,898,120
Intersegment revenue	5,303	947,491	(952,794)	-
Total revenue	$ 3,609,768	1,241,146	(952,794)	3,898,120
Reportable segment profit or loss	$ (138,694)	(144,287)	-	(282,981)
	For the three months ended March 31, 2025
---	---	---	---	---
	Domestic PCB and other	Oversea PCB	Reconciliation and elimination	Total
Revenue:
Revenue from external customers	$ 4,047,477	289,972	-	4,337,449
Intersegment revenue	531	910,400	(910,931)	-
Total revenue	$ 4,048,008	1,200,372	(910,931)	4,337,449
Reportable segment profit or loss	$ 414,946	41,819	-	456,765
	Domestic PCB and other	Oversea PCB	Reconciliation and elimination	Total
---	---	---	---	---
Reportable Segment Assets:
March 31,2026	$ 24,050,309	12,367,549	(10,610,186)	25,807,672
December 31,2025	$ 23,342,933	11,369,971	(9,914,031)	24,798,873
March 31,2025	$ 22,588,840	9,544,626	(8,205,823)	23,927,643

AI assistant

UNITECH — Interim / Quarterly Report 2026

52034_rns_2026-05-28_90d79658-6d78-41dc-b8b0-f1bbf04b2923.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

Notes to Readers

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Balance Sheets

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income

Unitech Printed Circuit Board Corporation and Subsidiaries

Consolidated Statements of Changes in Equity

(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 ended March 31, 2026 and 2025 (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

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

March 31, 2026 and 2025

(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:

(a) Statement of compliance

(b) Basis of consolidation

(i) List of subsidiaries in 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

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) Investments accounted for using equity method

(i) Associates

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

(ii) Acquisition of machinery and equipment

(h) Right-of-use-assets

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(i) Intangible assets

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

(m) Lease liabilities

(i) Leases of Land, Buildings and Structures

(ii) Other leases

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

(n) Employee benefits

(i) Defined benefit plans

(ii) Defined contribution plans

(o) Income tax

Unitech Printed Circuit Board Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

Unitech Printed Circuit Board Corporation and Subsidiaries

UNITECH Interim / Quarterly Report 2026