USI - Annual Report 2021 | FinancialReports.eu

Stock Code: 1304

USI CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements and Independent Auditors' Report For the Years Ended December 31, 2021 and 2020

Address: No. 330, Fengren Rd., Renwu Dist., Kaohsiung City 814, Taiwan Phone:(02)87516888

§Table of Content§

ITEM I. Cover II. Table of Content III. Affiliates' Statement of Consolidated Financial Statements IV. Independent Auditors' Report V. Consolidated Balance Sheets VI. Consolidated Statements of Comprehensive Income VII. Consolidated Statements of Changes in Equity VIII. Consolidated Statements of Cash Flows IX. Notes to the Consolidated Financial Statements (I) General Information (II) Approval of Financial Statements (III) Application of New, Amended and Revised Standards and Interpretations (IV) Summary of Significant Accounting Policies (V) Critical Accounting Judgments and Key Sources of Estimation Uncertainty (VI) Information on Important Accounting Items (VII) Related Party Transactions (VIII) Collateralized Assets (IX) Significant Contingent Liability and Unrecognized Contractual Commitments (X) Significant Disaster Loss (XI) Significant Events After the Balance Sheet Date (XII) Others (XIII) Separately Disclosed Items 1. Information on Significant Transactions 2. Information on Reinvestment Business 3. Information on Investments in Mainland China 4. Information on Major Shareholders (XIV) Segment Information	PAGE 1 2 3 4-7 8 9-10 11 12-14 15 15 15-17 17-33 33-34 34-89 89-90 90 90-92 - - 92-95 95, 99-151, 158-163 95, 99-151, 158-163 96, 99-106, 132- 137, 152-163 97, 164 97-99	FINANCIAL STATEMENT NOTES NUMBER
		- - - - - - - - 1 2 3 4 5 6~35 36 37 38 - - 39~40 41 41 41 41 42

Statement of Consolidated Financial Statements of Affiliated Companies

In 2021 (from January 1 to December 31, 2021), the "companies" required to be included in the consolidated financial statements of affiliates under the "Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises", are all the same as companies required to be included in the consolidated financial statements of parent and subsidiary companies as provided in the International Financial Reporting Standards No. 10 (IFRS 10), and relevant information that should be disclosed in the consolidated financial statements of affiliates has all been disclosed in the proceeding consolidated financial statements of parent and subsidiary companies, thus the Company is not required to prepare separate consolidated financial statements of affiliates.

Hereby declare

Company name: USI Corporation Representative: Yi-Gui, Wu

March 10, 2022

Independent Auditors' Report

TO USI Corporation

Audit opinion

We have audited the consolidated balance sheets of USI Corporation and its subsidiaries (the Group) as of the years ended December 31, 2021 and 2020, and the Consolidated Statements of Comprehensive Income, Consolidated Statements of Changes in Equity, Consolidated Statements of Cash Flows and Notes to the Consolidated Financial Statements (including the Summary of Significant Accounting Policies) for the months from January 1 to December 31 of 2021 and 2020.

The accountant opinions are that the preparations of significant issues of the accompanying financial statements are made in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), and Interpretations developed by the International Financial Reporting Interpretations Committee (IFRIC) or the former Standing Interpretations Committee (SIC) as endorsed and issued into effect by the Financial Supervisory Commission (FSC), which fairly present the consolidated financial conditions of the Group for the years ended December 31, 2021 and 2020, and the consolidated financial performance and consolidated cash flows for the months from January 1 to December 31, 2021 and 2020.

Basis for audit opinion

The audit was conducted in accordance with the Rules Governing Auditing and Certification of Financial Statements by Certified Public Accountants and Generally Accepted Auditing Standards. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with The Norm of Professional Ethics for Certified Public Accountant, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter

As stated in Note 12 to the consolidated financial statements, the Group has considered that its discontinued operations was resumed its operating substance. Such discontinued operations have been reclassified to continuing operations since 2021; therefore, when preparing comparative financial statements, it is required to restate the previously stated amounts as well as the financial statements for the comparative periods in accordance with International Financial Reporting Standards No. 5 "Non- current assets held for sale and discontinued operations." The effects of restating the previously stated amounts of the comparative periods are set out in Note 12. As such, we did not modify our audit opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance for the Group in our audit of the consolidated financial statements for the year 2021. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

The key audit matter identified in the audit of the Group's consolidated financial statements for the year ended December 31, 2021 is as follows.

Authenticity of specific sales revenue

In 2021, the Group's sales revenue from specific customers increased year-on-year. Whether the sales revenue is properly recognized at the time of meeting performance obligations will have a material impact on the Consolidated Financial Statements and is therefore considered a key audit matter for the current year.

For accounting policies relating to sales revenue and relevant disclosure information, please refer to Notes 4(17) and 27 to the Consolidated Financial Statements.

We have carried out the main audit procedures for the above-mentioned authenticity of the sales revenue from specific customers as follows:

Understand and test the effectiveness of the design and implementation of key internal control systems for the authenticity of sales revenue from specific customers.
Check the transaction documents of sales revenue of specific customers, including sales orders, shipping documents and collection documents, to confirm the authenticity of the recognition of sales revenue.

Other matters

We have also audited the parent company only financial statements of USI Corporation as of and for the years ended December 31, 2021 and 2020 on which we have issued an unmodified opinion.

Responsibilities of management and those charging with governance for the consolidated financial statements

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

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

Those in charge with governance (including the Audit Committee) are responsible for overseeing the Group's financial reporting process.

Auditors' responsibilities for the audit of the consolidated financial statements

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

As part of an audit in accordance with auditing standards generally accepted in the Republic of China, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

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

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

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

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements . of the Group for the year ended December 31, 2021 and are therefore the key audit matters We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

The engagement partners on the auditresulting in this independent auditors’ report are Pi-Yu Chuang (Fiancial Supervisory Commission, Approval No. 1070323246) and ChengHung Kuo (Securities and Futures Bureau, Approval No. 0920123784).

Deloitte& Touche Taipei, Taiwan

Republic of China

Notice to Readers

The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and cash flows in accordance with accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such consolidated financial statements are those generally applied in the Republic of China. For the convenience of readers, the independent auditors’report and the accompanying consolidated financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors’report and consolidated financial statements shall prevail.

March 16, 2022

USI Corporation and Subsidiaries

Consolidated Balance Sheets

For the Years Ended December 31, 2021 and 2020

(In Thousands of New Taiwan Dollars)

Code 1100 1110 1120 1136 1150 1170 1200 1220 130X 1410 1470 11XX 1517 1535 1550 1600 1755 1760 1805 1821 1840 1990 15XX 1XXX Code 2100 2110 2120 2170 2219 2230 2280 2320 2365 2399 21XX 2530 2540 2550 2570 2580 2640 2670 25XX 2XXX 3100 3200 3310 3320 3350 3300 3490 3500 31XX 36XX 3XXX	Assets CURRENT ASSETS Cash and cash equivalents (Notes 4, 6 and 32) Financial assets at fair value through profit or loss (FVTPL) - current (Notes 4, 7 and 37) Financial assets at fair value through other comprehensive income (FVTOCI) - current (Notes 4 and 8) Financial assets at amortized cost - current (Notes 4, 9 and 37) Notes receivable, net (Notes 4 and 10) Accounts receivable, net (Notes 4, 5 and 10) Other receivables (Notes 4, 10 and 36) Current tax assets (Notes 4 and 29) Inventories (Notes 4, 5 and 11) Prepayments (Note 32) Other current assets (Notes 4 and 15) Total current assets NON-CURRENT ASSETS Financial assets at fair value through other comprehensive income (FVTOCI) - non- current (Notes 4 and 8) Financial assets at amortized cost - non-current (Notes 4, 9, 37 and 38) Investments accounted for using the equity method (Notes 4 and 14) Property, plant and equipment (Notes 4, 5, 15, 32 and 37) Right-of-use assets (Notes 4, 16 and 37) Investment properties, net (Notes 4, 17 and 37) Goodwill (Notes 4, 18 and 32) Other intangible assets (Notes 4, 18 and 32) Deferred tax assets (Note 4 and 29) Other non-current assets (Note 37) Total non-current assets Total Assets Liabilities and Equity CURRENT LIABILITIES Short-term borrowings (Notes 19 and 37) Short-term notes payable (Note 19) Financial liabilities at fair value through profit or loss (FVTPL) - current (Notes 4 and 7) Trade payables (Note 21) Other payables (Notes 22 and 32) Current tax liabilities (Notes 4 and 29) Lease liabilities - current (Notes 4 and 16) Current portion of long-term borrowings (Notes 19, 20 and 37) Refund liabilities - current (Note 22) Other current liabilities (Note 27) Total current liabilities NON-CURRENT LIABILITIES Bonds payable (Note 20) Long-term borrowings (Notes 19 and 37) Provisions - non-current (Notes 5, 23 and 38) Deferred tax liabilities (Notes 4 and 29) Lease liabilities - non-current (Notes 4 and 16) Net defined benefit liabilities - non-current (Notes 4 and 24) Other non-current liabilities (Note 25) Total non-current liabilities Total Liabilities Equity attributable to owners of the Company (Notes 4, 8, 13, 24, 26 and 29) Share capital Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Treasury shares Total equity attributable to owners of the Company Non-controlling Interests Total equity Total Liabilities and Equity		December31,2021	December31,2021	`％` 12 7 - 1 1 10 1 - 9 1 - 42 3 - 23 29 1 1 - - 1 - 58 100 3 - - 4 3 3 - 4 - 1 18 7 5 - 2 1 1 - 16 34 14 - 4 - 12 16 - - 30 36 66 100		December31,2020	December31,2020
			Amount $ 10,365,353 5,742,266 145,921 349,137 875,745 8,515,477 511,725 8,931 7,599,843 1,009,420 243,222 35,367,040 2,286,817 382,501 19,335,554 24,471,011 727,341 711,345 270,211 43,983 651,568 577,842 49,458,173 $ 84,825,213 $ 2,498,041 279,635 3,380 3,528,998 2,894,818 2,618,632 73,065 3,059,116 28,630 565,262 15,549,577 5,989,773 4,453,323 136,375 1,417,922 387,502 1,151,009 94,771 13,630,675 29,180,252 11,887,635 366,185 3,343,086 375,127 9,881,214 13,599,427 84,358 475,606) 25,461,999 30,182,962 55,644,961 $ 84,825,213				Amount $ 9,637,007 5,511,683 164,922 348,450 671,576 6,810,340 293,459 29,231 4,296,228 766,824 9,834 28,539,554 2,393,734 390,828 20,170,030 23,169,313 704,951 753,220 269,026 10,807 573,850 349,203 48,784,962 $ 77,324,516 $ 2,726,270 656,704 20,724 3,406,837 2,216,533 1,211,350 75,284 1,999,233 16,390 374,501 12,703,826 4,995,069 7,590,000 136,375 1,434,806 384,402 1,292,053 64,342 15,897,047 28,600,873 11,887,635 321,798 3,109,625 781,059 5,606,462 9,497,146 240,195) 475,606) 20,990,778 27,732,865 48,723,643 $ 77,324,516		`％`
		(				( (		(	13 7 - - 1 9 - - 6 1 - 37 3 1 26 30 1 1 - - 1 - 63 100 3 1 - 4 3 2 - 3 - - 16 6 10 - 2 1 2 - 21 37 15 1 4 1 7 12 - 1) 27 36 63 100

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

(Please refer to Deloitte & Touche auditors' review report dated March 16, 2022)

USI Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income

For the Years Ended December 31, 2021 and 2020

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

Code 4100 OPERATING REVENUE (Notes 4 and 27) 5110 COST OF GOODS SOLD (Notes 4, 11, 15, 16, 18, 24, 28 and 36) 5900 GROSS PROFIT OPERATING EXPENSES (Notes 4, 10, 12, 15, 16, 18, 24, 25, 28 and 36) 6100 Selling and marketing expenses 6200 General and administrative expenses 6300 Research and development expenses 6000 Total operating expenses 6900 PROFIT FROM OPERATIONS NON-OPERATING INCOME AND EXPENSES 7100 Interest income (Notes 4, 12 and 28) 7010 Other income (Notes 4, 12, 25, 28 and 36) 7020 Other gains and losses (Notes 4, 12, 17, 28 and 40) 7050 Finance costs (Notes 4, 19, 20 and 28) 7060 Share of loss of joint ventures accounted for using the equity method (Notes 4 and 14) 7000 Total non-operating income and expenses 7900 PROFIT BEFORE INCOME TAX FROM CONTINUING OPERATIONS 7950 Income tax expense (Notes 4 and 29) 8200 NET PROFIT FOR THE PERIOD	For the Year Ended December 31, 2021 Amount `％` $ 71,755,542 100 54,001,841 75 17,753,701 25 3,163,322 4 1,277,631 2 429,830 1 4,870,783 7 12,882,918 18 79,601 - 627,387 1 57,628 - ( 167,097 ) - ( 727,995) ( 1) ( 130,476) - 12,752,442 18 2,672,991 4 10,079,451 14	For the Year Ended December 31, 2021 Amount `％` $ 71,755,542 100 54,001,841 75 17,753,701 25 3,163,322 4 1,277,631 2 429,830 1 4,870,783 7 12,882,918 18 79,601 - 627,387 1 57,628 - ( 167,097 ) - ( 727,995) ( 1) ( 130,476) - 12,752,442 18 2,672,991 4 10,079,451 14	For the Year Ended December 31, 2021 Amount `％` $ 71,755,542 100 54,001,841 75 17,753,701 25 3,163,322 4 1,277,631 2 429,830 1 4,870,783 7 12,882,918 18 79,601 - 627,387 1 57,628 - ( 167,097 ) - ( 727,995) ( 1) ( 130,476) - 12,752,442 18 2,672,991 4 10,079,451 14	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
		Amount $ 71,755,542 54,001,841 17,753,701 3,163,322 1,277,631 429,830 4,870,783 12,882,918 79,601 627,387 57,628 167,097 ) 727,995) 130,476) 12,752,442 2,672,991 10,079,451			Amount $ 50,201,273 39,721,391 10,479,882 2,020,552 1,209,777 362,961 3,593,290 6,886,592 102,809 403,492 116,953 221,690 ) 165,161) 236,403 7,122,995 1,440,358 5,682,637		`％`
	( ( (		(	( (		(	100 79 21 4 2 1 7 14 - 1 - 1 ) - - 14 3 11

(Continued)

(Continued)
Code OTHER COMPREHENSIVE INCOME (LOSS) Items that will not be reclassified subsequently to profit or loss: 8311 Remeasurements of the defined benefit plan (Notes 4, 24 and 26) 8316 Profit (loss) of equity instruments at FVTOCI (Notes 4 and 26) 8349 Income tax relating to items that will not be reclassified subsequently to profit or loss (Notes 4, 26 and 29) 8310 Items that may be reclassified subsequently to profit or loss: 8361 Exchange differences on translating the financial statements of foreign operations (Notes 4 and 26) 8399 Income tax relating to items that may be reclassified subsequently to profit or loss (Notes 4, 26 and 29) 8360 8300 Other comprehensive income for the period, net of income tax 8500 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD Net income attributable to 8610 Owners of the Company 8620 Non-controlling Interests 8600 Total comprehensive income attributable to 8710 Owners of the Company 8720 Non-controlling Interests 8700 Earnings per share (Note 30) From continuing operations 9710 Basic earnings per share 9810 Diluted earnings per share	For the Year Ended December 31, 2021 Amount `％` ( $ 9,779 ) - 107,187 - ( 1,691) - 95,717 - ( 337,228 ) - 54,262 - ( 282,966) - ( 187,249) - $ 9,892,202 14 $ 5,191,394 7 4,888,057 7 $ 10,079,451 14 $ 5,615,597 8 4,276,605 6 $ 9,892,202 14 $ 4.84 $ 4.83		For the Year Ended December 31, 2020
		Amount $ 9,779 ) 107,187 1,691) 95,717 337,228 ) 54,262 282,966) 187,249) $ 9,892,202 $ 5,191,394 4,888,057 $ 10,079,451 $ 5,615,597 4,276,605 $ 9,892,202 $ 4.84 $ 4.83		Amount $ 19,250 350,419 6,122) 363,547 166,163 12,938) 153,225 516,772 $ 6,199,409 $ 2,409,778 3,272,859 $ 5,682,637 $ 2,875,537 3,323,872 $ 6,199,409 $ 2.25 $ 2.24	`％`
	( ( ( ( (		( (		- 1 - 1 - - - 1 12 5 6 11 6 6 12

The accompanying notes are an integral part of the consolidated financial statements. (Please refer to Deloitte & Touche auditors' review report dated March 16, 2022)

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USI Corporation and Subsidiaries

Consolidated Statements of Changes in Equity

For the Years Ended December 31, 2021 and 2020

(In Thousands of New Taiwan Dollars)

				EquityAttr	ibutableto Owners of the	Company						In		Totalequity
Share Capital (Notes4and26) $ 11,887,635 - - - - - - - - - - - - 11,887,635 - - - - - - - - - - - - $ 11,887,635		Capitalsurplus	Others (Note26) $ 18,840 - - - - - - - - 1,100 - - - 19,940 - - - - - - - - 1,367 - - - $ 21,307		Retained earnings	Unappropriated Earnings (Notes 4, 8,13,24and26) $ 4,346,640 ( 129,872 ) ( 350,533 ) ( 594,382 ) - 2,409,778 2,974 2,412,752 ( 65 ) - - ( 78,078 ) - 5,606,462 ( 233,461 ) 405,932 ( 1,188,763 ) - 5,191,394 ( 804) 5,190,590 - - - 100,454 - $ 9,881,214	Otherequity Exchange differences on translating the financial statements of foreign operations (Notes4,26 and29) Unrealized Gain (Loss) on Financial Assets at FVTOCI (Notes 4, 8, 26 and 29) ( $ 602,871 ) ( $ 178,187 ) - - - - - - - - - - 19,016 443,769 19,016 443,769 - - - - - - - 78,078 - - ( 583,855 ) 343,660 - - - - - - - - - - ( 127,118) 552,125 ( 127,118) 552,125 - - - - - - - ( 100,454 ) - - ($ 710,973) $ 795,331			Treasury shares (Note26) $ 475,606 ) - - - - - - - - - - - - 475,606 ) - - - - - - - - - - - - $ 475,606)
							Exchange differences on translating the financial statements of foreign operations (Notes4,26 and29) ( $ 602,871 ) - - - - - 19,016 19,016 - - - - - ( 583,855 ) - - - - - ( 127,118) ( 127,118) - - - - - ($ 710,973)
	Treasury Share Transactions (Note 26) $ 245,482 - - - - - - - - - 19,165 - - 264,647 - - - - - - - - - 38,329 - - $ 302,976	Shares of Changes in Capital Surplus of Associates (Notes 4, 13 and26) $ 7,291 - - - - - - - 29,920 - - - - 37,211 - - - - - - - 4,691 - - - - $ 41,902
				Legal Reserve (Note26) $ 2,979,753 129,872 - - - - - - - - - - - 3,109,625 233,461 - - - - - - - - - - - $ 3,343,086	Special Reserve (Note26) $ 430,526 - 350,533 - - - - - - - - - - 781,059 - ( 405,932 ) - - - - - - - - - - $ 375,127
					(	( ( ( ( ( ( ( (	( ( ( ( (	( (	( ( (		( (	( ( ( ( (	( ( ( ( ( (	$ 39,176,947 - - 594,382 ) 519,048 ) 5,682,637 516,772 6,199,409 984 1,100 19,165 - 4,439,468 48,723,643 - - 1,188,763 ) 1,714,633 ) 10,079,451 187,249) 9,892,202 7,277 1,367 38,329 - 114,461) $ 55,644,961

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

(Please refer to Deloitte & Touche auditors' review report dated March 16, 2022)

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USI Corporation and Subsidiaries

Consolidated Statements of Cash Flows

For the Years Ended December 31, 2021 and 2020

(In Thousands of New Taiwan Dollars)

Code CASH FLOWS FROM OPERATING ACTIVITIES A10000 Net profit before tax for the year A20010 Income (expenses) items A20100 Depreciation expenses A20200 Amortization expense A20300 Expected credit loss reversed on accounts receivable A20400 Net gain on fair value change of financial assets and liabilities as at FVTPL A20900 Finance costs A21200 Interest income A21300 Dividend income A22300 Share of loss of joint ventures accounted for using the equity method A22500 Loss of disposal and scrapping of property, plant and equipment A23700 Impairment loss recognized on non- financial assets A23800 Provision for write-downs of inventories and obsolescence losses A29900 Recognition of refund liabilities A29900 Gain on revised lease A30000 Changes in operating assets and liabilities A31115 Decrease in financial assets and liabilities mandatorily classified as at FVTPL A31130 Increase in notes receivable A31150 Increase in accounts receivable A31180 Increase in other receivables A31200 (Increase) decrease in inventories A31230 (Increase) decrease in prepayments A31240 (Increase) decrease in other current assets A32150 Increase in accounts payable A32180 Increase in other payables A32200 Decrease in refund liabilities A32240 Decrease in net defined benefit liabilities A32230 Increase in other current liabilities A33000 Cash generated from operations A33100 Interest received	For the Year Ended December 31, 2021 $ 12,752,442 2,272,146 63,774 ( 1,426 ) ( 336,404 ) 167,097 ( 79,601 ) ( 390,903 ) 727,995 64,669 39 32,415 19,165 ( 660 ) 88,477 ( 204,169 ) ( 1,703,446 ) ( 269,309 ) ( 3,334,541 ) ( 196,431 ) ( 61,585 ) 122,161 525,173 ( 6,925 ) ( 140,684 ) 190,761 10,300,230 79,222	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
	( ( ( ( ( ( ( ( ( ( ( ( (	( ( ( ( ( ( ( ( (	$ 7,122,995 2,279,397 73,804 2,415 ) 376,857 ) 221,690 102,809 ) 186,949 ) 165,161 37,249 27,901 24,765 7,576 - 1,239,787 37,141 ) 396,848 ) 6,149 ) 601,880 15,898 7,316 649,469 368,359 19,407 ) 179,158 ) 111,543 11,647,057 92,630

(Continued)

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(Continued)

Code A33300 Interest paid A33500 Income tax paid AAAA Net cash generated from operating activities Cash flows from investing activities B00010 Acquisition of FVTOCI B00020 Disposal of FVTOCI B00030 Return of capital from financial assets at FVTOCI B00040 (Acquisition) disposal of financial assets measured at amortized cost B01800 Acquisition of long-term equity investments using the equity method B02200 Net cash outflows from acquisition of subsidiaries (Note 32) B02700 Acquisitions of property, plant and equipment B02800 Proceeds from disposal of property, plant and equipment B03700 (Increase) decrease in refundable deposit B04500 Acquisition of other intangible assets B05350 Acquisition of right-of-use assets B05400 Acquisition of investment properties B06700 (Increase) decrease in other non-current assets B07600 Dividends received BBBB Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES C00100 Decrease in short-term borrowings C00600 Decrease in short-term notes payable C01200 Issuing of bonds C01300 Repayments of bonds C01600 Proceeds from mid- to long-term borrowings C01700 Repayments of mid- to long-term borrowings C03000 Increase (decrease) in guarantee deposits received C04020 Repayments of the principal portion of lease liabilities C04300 Decrease in other non-current liabilities C04500 Cash dividends paid (Continued)	For the Year Ended December 31, 2021 ( $ 159,354 ) ( 1,286,929) 8,933,169 ( 4,835 ) 203,458 52,244 ( 71,820 ) - ( 34,056 ) ( 3,622,312 ) 36,325 ( 6,401 ) ( 733 ) ( 25,567 ) ( 3,298 ) ( 280,145 ) 390,903 ( 3,366,237) ( 228,229 ) ( 377,000 ) 3,991,268 ( 2,000,000 ) 24,225,000 ( 27,277,000 ) 6,186 ( 70,349 ) ( 1,670 ) ( 1,188,763 )	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
	( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( (	( ( ( ( ( ( ( ( ( ( ( ( ( ( (	$ 234,213 ) 689,753) 10,815,721 - 76,643 83,402 78,793 5,122,441 ) - 2,330,747 ) 25,612 14,836 113 ) - 85,673 ) 32,231 186,949 7,040,508) 1,532,710 ) 696,000 ) - 1,000,000 ) 13,380,000 15,283,200 ) 4,133 ) 68,659 ) 778 ) 594,382 )

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(Continued)

(Continued)
Code C05800 Change in non-controlling interests C05800 Cash dividends paid on non-controlling interests CCCC Net cash used in financing activities DDDD EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH AND CASH EQUIVALENTS HELD IN FOREIGN CURRENCIES EEEE NET INCREASE IN CASH AND CASH EQUIVALENTS E00100 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD E00200 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	For the Year Ended December31,2021 ( $ 114,461 ) ( 1,714,633) ( 4,749,651) ( 88,935) 728,346 9,637,007 $ 10,365,353	For the Year Ended December31,2020
	( ( ( (	( ( (	$ 4,439,468 519,048) 1,879,442) 186,167) 1,709,604 7,927,403 $ 9,637,007

The accompanying notes are an integral part of the consolidated financial statements. (Please refer to Deloitte & Touche auditors' review report dated March 16, 2022)

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USI CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the Years Ended December 31, 2021 and 2020

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

GENERAL INFORMATION

USI Corporation ("USI", the "Company" or the "parent company") was incorporated in May 1965. The Company mainly produces and sells polyethylene. In May 1972, the Company's shares have been listed on the Taiwan Stock Exchange ("TWSE").

The consolidated financial statements of the Company and its subsidiaries (collectively referred to as "the Group") are presented in the Company's functional currency, the New Taiwan dollar.

APPROVAL OF FINANCIAL STATEMENTS

The consolidated financial statements were reported to and issued by the Company's board of directors on March 10, 2022.

3. APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND

INTERPRETATIONS

a. Initial application of the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, the "IFRSs") endorsed and issued into effect by the Financial Supervisory Commission (FSC).

The initial application of IFRSs endorsed and issued into effect by the FSC would not have any material impact on the Group's accounting policies.

b. New IFRSs endorsed by the FSC and applicable in 2022

New/Revised/Amended Standards and Effective Date Announced by Interpretations IASB

"Annual Improvements to IFRSs 2018-2020 Cycle" January 1, 2022 (Note 1) Amendment to IFRS 3 "Amendments to References to the Conceptual Framework in IFRS Standards" January 1, 2022 (Note 2) Amendments to IAS 16 "Property, Plant and January 1, 2022 (Note 3) Equipment — Proceeds before Intended Use" Amendments to IAS 37 "Onerous Contracts - Cost of January 1, 2022 (Note 4) Fulfilling a Contract"

Note 1. The amendments to IFRS 9 are applied prospectively to modifications and exchanges of financial liabilities that occur on or after the annual reporting periods beginning on or after January 1, 2022. The amendments to IAS 41 "Agriculture" are applied prospectively to the fair value measurements on or after the annual reporting periods beginning on or after January 1, 2022. The amendments to IFRS
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1 "First-time Adoptions of IFRSs" are applied retrospectively for annual reporting periods beginning on or after January 1, 2022.
Note 2. The amendments are applicable to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after January 1, 2022.
Note 3. The amendments are applicable to property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after January 1, 2021.
Note 4. The amendments are applicable to contracts of which the obligations have not been fulfilled on or after January 1, 2022.

As of the date the consolidated financial statements were authorized for issue, the Group assessed that the amendments to other standards and interpretations had no significant impact on the Group's financial position and financial performance.

c. IFRSs that have been issued by IASB but not yet endorsed and issued into effect by the FSC

New/Revised/Amended Standards and Effective Date Announced by Interpretations IASB (Note 1) Amendments to IFRS 10 and IAS 28 "Sale or To be determined by IASB Contribution of Assets between an Investor and Its Associate or Joint Venture" IFRS 17 "Insurance Contracts" January 1, 2023 Amendments to IFRS 17 January 1, 2023 Amendment to IFRS 17 "Initial Application of IFRS January 1, 2023 17 and IFRS 9―Comparative Information " Amendments to IAS 1 "Classification of Liabilities as January 1, 2023 Current or Non-Current" Amendments to IAS 1 "Disclosure of Accounting January 1, 2023 (Note 2) Policies" Amendment to IAS 8 "Definition of Accounting January 1, 2023 (Note 3) Estimates" Amendments to IAS 12 "Deferred Tax Related to January 1, 2023 (Note 4) Assets and Liabilities Arising from a Single Transaction"

Note 1. Unless stated otherwise, the above New/Revised/Amended Standards and Interpretations are effective for annual reporting periods beginning on or after their respective effective dates.
Note 2. The amendments shall be applied prospectively for the annual reporting periods beginning on or after January 1, 2023.
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- Note 3. The amendments are applicable to the changes of the accounting estimates and changes of accounting policies which happen on the annual reporting periods beginning on or after January 1, 2023.
- Note 4. Except for the recognition of deferred income tax on temporary differences between lease and decommissioning obligations on January 1, 2022, the amendments are applicable to transactions that occur after January 1, 2022.
- As of the date the consolidated financial statements were authorized for issue, the Group is continuously assessing the possible impact that the application of other standards and interpretations will have on the Group's consolidated financial position and financial performance and will disclose the relevant impact when the assessment is completed.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a. Statement of compliance The consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IFRSs as endorsed and issued into effect by the FSC.
b. Basis of preparation
- The consolidated financial statements have been prepared on the historical cost basis except for financial instruments which are measured at fair value and net defined benefit liabilities which are measured at the present value of the defined benefit obligation less the fair value of plan assets.

The fair value measurements are grouped into Levels 1 to 3 based on the degree to which the fair value measurement inputs are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows:

1) Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities on measurement day.
2) Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for an asset or liability, either directly (i.e., prices) or indirectly (i.e., derived from prices).
3) Level 3 inputs are unobservable inputs for an asset or liability.
c. Criteria classifying current/non-current assets and liabilities Current assets include:
1) Assets held primarily for the purpose of trading;
2) Assets expected to realize in 12 months after the balance sheet date; and
3) Cash and cash equivalents (but excluded those restricted from being exchanged or used for debt repayment after more than 12 months of the balance sheet date).
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Current liabilities include:

1) Liabilities held primarily for the purpose of trading;
2) Liabilities expected to realize in 12 months after the balance sheet date; and
3) Liabilities for which the Company is not able to defer the repayment deadline to more than 12 months after the balance sheet date unconditionally.

Other items excluded from above are classified as non-current assets or non-current liabilities.

d. Basis of consolidation

The consolidated financial statements incorporate the financial statements of the Company and the entities controlled by the Company (i.e., its subsidiaries). Income and expenses of subsidiaries acquired or disposed of during the period are included in the consolidated statement of comprehensive income from the effective dates of acquisitions up to the effective dates of disposals, as appropriate. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Group. All intra-group transactions, balances, income and expenses are eliminated in full upon consolidation. The total comprehensive income of subsidiaries is attributed to the owners of the Company and the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

Changes in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the interests of the Group and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the Company.

When the Group loses control of a subsidiary, a gain or loss is recognized in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and any investment retained in the former subsidiary at its fair value at the date when control is lost and (ii) the assets (including any goodwill) and liabilities and any non-controlling interests of the former subsidiary at their carrying amounts at the date when control is lost. The Group accounts for all amounts recognized in other comprehensive income in relation to that subsidiary on the same basis as would be required if the Group had directly disposed of the related assets or liabilities.

Please refer to Note 13, Table 7, and Table 8 for detailed information on subsidiaries (including the percentages of ownership and main businesses).

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e. Business combination

Business combination is accounted for by acquisition method. Acquisition related costs are included as expenses in the period when costs are incurred and services are acquired. Goodwill is measured by the aggregate of the fair value of the transfer consideration and the fair value at the acquisition date of the acquirer's previously held interests in the acquiree exceeding the net identifiable assets acquired and liabilities assumed at the acquisition date.

f. Foreign currency

In preparing the financial statements of each individual entity, transactions in currencies other than the entity's functional currency (i.e., foreign currencies) are recognized at the rates of exchange prevailing at the dates of the transactions.

Monetary items denominated in foreign currencies are retranslated at the rates prevailing on each balance sheet date. Exchange differences on monetary items arising from settlement or translation are recognized in profit or loss in the current period. Non-monetary items measured at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when the fair value was determined. Exchange differences arising from the re-translation of non -monetary items are included in profit or loss for the period except for exchange differences arising from the re-translation of nonmonetary items in respect of which gains and losses are recognized directly in other comprehensive income, in which case, the exchange differences are also recognized directly in other comprehensive income.

Non-monetary items that are measured at historical cost in a foreign currency are translated using the exchange rate on the date of the transaction and will not be translated again.

In presenting consolidated financial statements, the assets and liabilities of the Group's foreign operations (including subsidiaries, associates and joint ventures in other countries that use currencies which are different from the currency of the Company) are translated into the presentation currency, the New Taiwan dollar, at the exchange rates prevailing at the balance sheet date. Income and expense items are translated at the average exchange rates on the balance sheet date. The resulting currency translation differences are recognized in other comprehensive income (attributed to the owners of the Group and noncontrolling interests as appropriate).

When disposing of all or part of the subsidiaries of foreign operations which resulted in losing control of the foreign operations, all the accumulated exchange differences attributable to the owners of the Company and related to such foreign operations are classified as profit and loss.

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When disposing of part of the subsidiaries and associates which did not result in losing control of the foreign operations, the accumulated exchange differences will be attributed pro rata to the non-controlling interests of the subsidiary rather than profit or loss. In other disposal of foreign operations, the accumulated exchange differences will be classified as profit and loss based on its proportion.

g. INVENTORIES

Inventories consist of raw materials, supplies, finished goods and work-in-process and are stated at the lower of cost or net realizable value. Inventory write-downs are made by item, except where it may be appropriate to Group similar or related items. Net realizable value is the balance that the estimated selling price of inventories less all estimated costs of completion and costs necessary to make the sale. Inventory costs are calculated by moving average method.

h. Investments in associates

An associate is an entity over which the Group has significant influence on and that is not a subsidiary or joint venture. A joint venture is a joint agreement whereby the Group has joint control with another company and has rights to the net assets.

The Group uses the equity method to account for its investments in associates. Under the equity method, investments in an associate are initially recognized at cost and adjusted thereafter to recognize the Group's share of the profit or loss and other comprehensive income of the An associate is an entity over which . In addition, changes in the Group's share of equity in the associates and joint ventures are recognized according to the shareholding ratio.

When the Company subscribes for additional new shares of an associate at a percentage different from its existing ownership percentage, the resulting carrying amount of the investment differs from the amount of the Group's proportionate interest in the associate. The Group records such a difference as an adjustment to investments with the corresponding amount charged or credited to capital surplus - changes in capital surplus from investments in associates accounted for using the equity method. If the Group's ownership interest is reduced due to its additional subscription of the new shares of the associate, the proportionate amount of the gains or losses previously recognized in other comprehensive income in relation to that associate is reclassified to profit or loss on the same basis as would be required if the investee had directly disposed of the related assets or liabilities. When the adjustment should be debited to capital surplus, but the capital surplus recognized from investments accounted for using the equity method is insufficient, the shortage is debited to retained earnings.

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When the Group's shares of losses of an associate equal or exceed its equity in that associate (which includes any carrying amount of the investment accounted for by using the equity method and long-term equity that, in substance, form part of the Group's net investment in the associate), the Group discontinues recognizing its further losses. Additional losses and liabilities are recognized only to the extent that the Group has incurred legal obligations, or constructive obligations, or made payments on behalf of that associate.

The entire carrying amount of an investment is tested for impairment as a single asset by comparing its recoverable amount with its carrying amount. Any impairment loss recognized forms part of the carrying amount of the investment. Any reversal of that impairment loss is recognized to the extent that the recoverable amount of the investment subsequently increases.

The Group discontinues the use of the equity method from the date on which its investment ceases to be an associate. Any retained investment is measured at fair value at that date, and the fair value is regarded as the investment's fair value on initial recognition as a financial asset. The difference between the previous carrying amount of the associate attributable to the retained interest and its fair value is included in the determination of the gain or loss on disposal of the associate. The Group accounts for all amounts recognized in other comprehensive income in relation to that associate on the same basis as would be required if the associate had directly disposed of the related assets or liabilities.

When a group entity transacts with its associate, profits and losses resulting from the transactions with the associate are recognized in the Group' consolidated financial statements only to the extent that interests in the associate are not related to the Group.

i. Property, plant and equipment

Property, plant and equipment are recognized at cost, and subsequently measured at cost less accumulated depreciation and accumulated impairment loss.

Property, plant and equipment in the course of construction are carried at cost less any recognized impairment loss. Cost includes professional fees and borrowing costs eligible for capitalization. Such assets are depreciated and classified to the appropriate categories of property, plant and equipment when completed and ready for their intended use.

Except for self-owned land, which is not depreciated, the remaining real property, plant and equipment are depreciated separately for each significant part on a straight-line basis over their useful lives. The Group shall review the estimated useful life, residual value and depreciation method at least at each financial year-end, and shall prospectively apply the effects of changes in accounting estimates.

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On derecognition of an item of property, plant and equipment, the difference between the sales proceeds and the carrying amount of the asset is recognized in profit or loss.

j. Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation (including the right-of-use assets as defined for investment properties).

Self-owned investment properties are initially recognized at cost (including transaction cost) and subsequently at cost less accumulated depreciation and accumulated impairment loss.

Investment properties acquired by lease are initially measured at cost (including the original measurement amount of the lease liability and the lease payment paid before the lease start date), and subsequently measured at cost less the accumulated amount of depreciation and impairment loss, and re-measurements of adjustments on lease liabilities. All investment property is depreciated on a straight-line basis.

For a transfer of classification from property, plant and equipment to investment properties, the deemed cost of an item of property from subsequent accounting is its carrying amount on the date of transfer to owner-occupation.

Property, plant and equipment are rerecognized as investment properties at the carrying amount at the time of termination for owner-occupation.

On derecognition of an investment property, the difference between the net disposal proceeds and the carrying amount of the asset is recognized in profit or loss.

k. Goodwill

Goodwill acquired through M&A uses the goodwill value recognized on the M&A day as the cost, subsequently measured by cost deducting accrued impairment loss.

For purposes of impairment test, the goodwill shares to the Group benefits cash generation unit or its group due to integrative M&A effect (hereinafter referred to as the "cash generation unit").

The cash generation unit shared with the goodwill conducts impairment test through comparison between its face value containing goodwill and recoverable value every year (and the time with sign showing potential impairment). If the goodwill with such shares was acquired by corporate M&A, then, the unit should conduct impairment test at end of the year. If the recoverable amount of the cash generation unit with shared goodwill is less than its face value, firstly, the loss deducts the face value with shared goodwill, second, decrease the face value of each asset with respect of the proportion in the unit. Any impairment loss is recognized directly as a loss of the current period and goodwill impairment loss may not be reversed subsequently.

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The disposal of profit/loss is defined by including disposal related goodwill value during operation of the cash generation unit with goodwill shares.

l. Intangible assets
1) Separate acquisition

Intangible assets with finite useful lives that are acquired separately are initially measured at cost and subsequently measured at the amount of cost less accumulated amortization and accumulated impairment loss. Intangible assets are amortized on a straight-line basis over the useful life. The estimated useful life, residual value, and amortization method are reviewed at the end of each reporting period by the Group, with the effect of any changes in estimate accounted for on a prospective basis. Intangible assets without definite service life shall be measured at cost minus accumulated impairment loss.

2) Acquisition by business combination

Intangible assets acquired by a business combination shall be recognized at fair value on the acquisition date, and subsequently measured by the same method as that of intangible assets acquired separately, and the goodwill shall be recognized separately.

3) Derecognition

On derecognition of an intangible asset, the difference between the net disposal proceeds and the carrying amount of the asset is recognized in the current profit or loss.

m. Impairment of property, plant and equipment, right-of-use asset, investment property and intangible assets (other than goodwill)

On each balance sheet date, the Group reviews the carrying amounts of its property, plant and equipment, right-of-use asset, investment property and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. Corporate assets are allocated to the smallest group of cash-generating units on a reasonable and consistent basis of allocation. Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment at least annually.

The recoverable amount is the higher of fair value less costs of sale and value in use. If the recoverable amount of an asset or cash-generating unit is estimated to be less than its

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carrying amount, the carrying amount of the asset or cash-generating unit is reduced to its recoverable amount, with the resulting impairment loss recognized in profit or loss.

When an impairment loss is subsequently reversed, the carrying amount of the asset or cash-generating unit is increased to the revised estimate of its recoverable amount, but only to the extent of the carrying amount (less amortization or depreciation) that would have been determined to have no impairment loss recognized on the asset or cash-generating unit in prior years. A reversal of an impairment loss is recognized in profit or loss.

n. Non-current assets available for sale

Non-current assets are classified as available for sale when their carrying amounts are expected to be recovered primarily through a sale transaction rather than continued use. Non-current assets that qualify for this classification must be available for immediate sale in their current state and must be highly likely available for sale. A non-current asset is highly likely available for sale when an appropriate management level commits to a plan to sell the asset and the sale is expected to be completed within one year from the date of classification.

Non-current assets classified as available for sale are measured at the lower of their carrying amount and fair value minus the cost of sale, of which the depreciation of shall be ceased.

o. Financial instruments

Financial assets and financial liabilities are recognized in the consolidated balance sheet when the Group becomes a party to the contractual provisions of the instruments.

Financial assets and financial liabilities are initially measured at fair value plus the transaction costs that are directly attributable to an acquisition or issuance of financial assets and financial liabilities (other than financial assets and financial liabilities at FVTPL). Transaction costs directly attributable to the acquisition or issuance of financial assets or financial liabilities at FVTPL are recognized immediately in profit or loss.

1) Financial assets

All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis.

a) Measurement categories

Financial assets held by the Group are classified into the following categories: financial assets at FVTPL, financial assets at amortized cost and investments in equity instruments at FVTOCI.

i. Financial assets at FVTPL
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Financial assets are classified as at FVTPL when such a financial asset is mandatorily classified as at FVTPL. Financial assets mandatorily classified as at FVTPL include investments in equity instruments which are not designated as at FVTOCI and derivative instruments and fund beneficiary certificates that do not meet the criteria to classify as at amortized cost or at FVTOCI.

Financial assets at FVTPL are measured at fair value, with the generated dividends and interest recognized in other income and interest income respectively, and with the profits or losses arising from re-measurement are recognized in other profits and losses. Please refer to Note 35 for the way of fair price determination.

ii. Financial assets measured at amortized cost

The Group's financial assets that meet the following conditions are subsequently measured at amortized cost:

i) The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and
ii) The contractual terms of the financial asset give rise on cash flows on specified dates that are solely payments of principal and interest on the principal amount outstanding.

Subsequent to initial recognition, financial assets at amortized cost, (including cash and cash equivalents, notes receivable at amortized cost, accounts receivable, other receivables, pledged time deposit and refundable deposits) are measured at amortized cost, which equals to gross carrying amount determined by the effective interest method less any impairment loss. Exchange differences are recognized in profit or loss.

Except for the following cases, the interest income is calculated by applying the effective interest rate to multiply the gross carrying amount of a financial asset:

i) Purchased or originated credit-impaired financial assets, for which interest income is calculated by applying the credit adjusted effective interest rate multiplying the amortized cost of such a financial asset; and
ii) Financial assets that are not credit impaired on purchase or origination but have subsequently become credit impaired, for which interest income is calculated by applying the effective interest rate multiplying the amortized cost of such financial assets in subsequent reporting periods.
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A financial asset is credit impaired when significant financial difficulty of the issuer or the borrower, breach of contract, it is becoming probable that the borrower will enter bankruptcy or undergo a financial reorganization or the disappearance of an active market for that financial asset because of financial difficulties have occurred.

Cash equivalents include time deposits and reverse repurchase agreements collateralized by bonds, which are highly liquid, readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. These cash equivalents are held for the purpose of meeting short-term cash commitments.

iii. Investments in equity instruments at FVTOCI

On initial recognition, the Group may make an irrevocable election to designate investments in equity instruments as at FVTOCI. Designation as at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination. Investments in equity instruments at FVTOCI are measured at fair value, and subsequently gains and losses arising from changes in fair value are recognized in other comprehensive income and accumulated in other equity. The cumulative gains or loss will not be reclassified to profit or loss on disposal of the equity investments; instead, they will be transferred to retained earnings.

Dividends on these investments using equity instruments at other FVTOCI are recognized in profit or loss when the Group's right to receive the dividends is established, unless the dividends clearly represent a recovery of part of the cost of the investment.

b) Impairment of financial assets

The Group recognizes a loss allowance for expected credit losses on financial assets at amortized cost (including accounts receivable) on each balance sheet date. The Group always recognizes lifetime expected credit losses (ECLs) for accounts receivable as allowance for loss. For other financial assets, the Group evaluates if there has been a significant increase in credit risk since initial recognition. If the credit risk on the financial asset has not increased significantly, the Company recognizes the loss allowance for that financial asset at an amount equal to 12month expected credit losses. If there is a significant increase, the Company recognizes the lifetime expected credit losses accordingly.

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Expected credit losses reflect the weighted average of credit losses with the respective risks of default occurring as the weights. Lifetime ECLs represent the expected credit losses that will result from all possible default events over the expected life of a financial instrument. In contrast, 12-month ECLs represent the portion of lifetime ECLs that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date. For internal credit risk management purposes, the Group determines that the following situations indicate that a financial asset is in default (without taking into account any collateral held by the Group):

i. Internal or external information show that the debtor is unlikely to pay its creditors.
ii. When a financial asset is more than specific days past due unless the Group has reasonable and corroborative information to support a more lagged default criterion.

The impairment loss of all financial assets is recognized in profit or loss by a reduction in their carrying amounts through a loss allowance account.

c) Derecognition of financial assets

The Group derecognizes a financial asset only when the contractual rights to the cash flows from the asset expire or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party. On derecognition of a financial asset at amortized cost in its entirety, the difference between the asset's carrying amount and the sum of the consideration received and receivable is recognized in profit or loss. On derecognition of an investment in an equity instrument at FVTOCI, the difference between the asset's carrying amount and the sum of the consideration received and receivable is recognized in profit or loss, and the cumulative gain or loss which had been recognized in other comprehensive income is transferred directly to retained earnings, without recycling through profit or loss.

2) Equity instruments

Debt and equity instruments issued by the Group are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

Equity instruments issued by the Group are recognized at the acquired prices deducting costs of direct issuance

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Reacquiring the Company's own equity instruments is recognized and deducted under equity items. The purchase, sales, issuance or cancellation of the same above is not recognized as the profit or loss.

3) Financial liabilities
1) Subsequent measurement

Except for financial liabilities measured at fair value through profit and loss, all financial liabilities are measured at amortized cost using the effective interest method.

Financial liabilities held for transactions are measured pursuant to fair price, wherein their profits or losses generated from re-measurements is recognized as other benefits and losses. Please refer to Note 35 for the way of fair price determination.

2) Derecognition of financial liabilities

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

4) Derivatives

The Group enters into a variety of derivatives to manage its exposure to foreign exchange rate risks, including foreign exchange forward contracts. Derivatives are initially recognized at fair value at the date the derivative contracts are entered into and are subsequently remeasured to their fair value at the end of each reporting period. The resulting gain or loss is recognized in profit or loss immediately. When the fair value of a derivative is positive, the derivative is recognized as a financial asset; when the fair value of a derivative is negative, the derivative is recognized as a financial liability.

p. Provisions for liabilities

The amount recognized as a liability provision is considered with business risk and uncertainty, which is the best estimate for expenditure required for repayment obligations on the balance sheet date. Provision for liabilities is measured at the discount of cash flow estimated from repayment obligations.

q. Revenue recognition

The Group identifies contracts with the customers, allocates the transaction price to the performance obligations and recognizes revenue when performance obligations are satisfied. Provision for refund liabilities are reasonable estimates of future returns based on past experience and other relevant factors.

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1) Revenue from the sale of goods

Revenue from the sale of goods mainly comes from sales of polyethylene plastic particles and other related products. The sale of goods above is recognized as revenue when the goods are delivered to a customer because it is the time when the customer has full discretion over the manner of distribution and the price to sell the goods, has the primary responsibility for sales to future customers and bears the risks of obsolescence. The receipts in advance from goods sales are recognized as contract liabilities.

Outsourced processing is not recognized as income as the control of the ownership of the processed products has not been transferred.

2) Service revenue

Service revenue comes from warehousing and transportation service of a variety of petrochemical materials consigned to operate; it is recognized in the provision of service.

r. Discontinued operations

A discontinued operation is a component of an entity that either has been disposed of or is classified as held for sale. A component of an entity which is for operational and financial reporting purposes has cash flows which can be clearly distinguished from the rest of the entity.

s. Leasing

At the inception of a contract, the Group assesses whether the contract is, or contains, a lease.

1) The Group as lessor

Leases are classified as finance leases whenever the terms of a lease transfer are substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

When the Group subleases the right-of-use asset, it uses the right-of-use asset (instead of underlying asset) to determine the classification of sublease. However, if the main lease is a short-term lease for which the Group applies the recognition exemption, the sublease is classified as an operating lease.

Lease payments from operating leases are recognized as income on a straight-line basis over the terms of the relevant leases

The variable rent not depending on the rate under a lease agreement is recognized as revenue for the year.

2) The Group as lessee
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The Group recognizes right-of-use assets and lease liabilities for all leases at the commencement date of a lease, except for short-term leases and low-value asset leases accounted for applying a recognition exemption where lease payments are recognized as expenses on a straight-line basis over the lease terms.

Right-of-use assets are initially measured at cost, which comprises the initial measurement of lease liabilities adjusted for lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs needed to restore the underlying assets, and less any lease incentives received. Rightof-use assets are subsequently measured at cost less accumulated depreciation and impairment losses and adjusted for any remeasurement of the lease liabilities. Except for those as defined for investment properties, the right-of-use assets are presented on a separate line in the consolidated balance sheets. For the recognition and measurement of right-of-use asset as defined for investment properties, please refer to i. Investment Properties Accounting Policy.

Right-of-use assets are depreciated using the straight-line basis from the commencement dates to the earlier of the end of the useful lives of the right-of-use assets or the end of the lease terms.

Lease liabilities are initially measured at the present value of the lease payments, which comprise fixed payments, in-substance fixed payments and variable lease payments which depend on an index or a rate. The lease payments are discounted using the interest rate implicit in a lease if that rate can be readily determined. If that rate cannot be readily determined, the Group uses the lessee's incremental borrowing rate.

Subsequently, lease liabilities are measured at amortized cost using the effective interest method, with interest expense recognized over the lease terms. When there is a change in a lease term or a change in an index or a rate used to determine those payments leading to a change in future lease payments, the Group re-measures the lease liabilities with a corresponding adjustment to the right-of-use-assets. However, if the carrying amount of the right-of-use assets is reduced to zero, any remaining amount of the re-measurement is recognized in profit or loss. Lease liabilities are presented on a separate line in the consolidated balance sheets.

Variable lease payments that do not depend on an index or a rate are recognized as expenses in the periods in which they are incurred.

t.
Borrowing costs

Borrowing costs directly attributable to an acquisition, construction or production of qualifying assets are added to the cost of those assets, until the time when the assets are

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substantially ready for their intended use or sale. Other than the above-stated, all other borrowing costs are recognized in profit or loss in the period in which they are incurred.

u. Government subsidy

Government subsidies are not usually recognized, unless they are reasonable to be certain that the Group will follow supplemental conditions for the same and they are receivable. Revenue-related government subsidies are recognized as the profit and loss based on system with attempted compensation of related costs recognized as expenditure by the Group. Government subsidies conditioned on the acquisition, construction or other acquisition of non-current assets by the Group are recognized as deferred income, and are rerecognized as profit or loss over the useful life of the relevant assets on a reasonable and systematic basis.

If the government subsidy is used to compensate expenditure or loss, or for immediate financial support to the Group without upcoming related cost, it is recognized as profit and loss during collectable period.

The difference between the amount of the government loans obtained by the Group at below-market interest rates and their fair value calculated at the prevailing market interest rates is recognized as a government subsidy.

v. Employee benefits
1) Short-term employee benefits

Liabilities recognized in respect of short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in exchange for the related service.

2) Retirement benefits

Payments to defined contribution retirement benefit plans are recognized as expense when employees have rendered services entitling them to the contributions. Defined benefit costs (including service cost, net interest and re-measurement) under the defined benefit retirement benefit plans are determined using the projected unit credit method. Service cost and net interest on the net defined benefit liability (asset) are recognized as employee benefits expense in the period they occur. Re-measurement (comprising actuarial gains and losses, and the return on plan assets excluding interest) is recognized in other comprehensive income in the period in which it occurs. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss.

Net defined benefit liabilities represent the actual deficit in the Group's defined benefit plans.

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w. Share-based payment arrangements

The equity-settled share-based payment transaction for employee given by the Group is measured at the fair value of equity tool on the given day.

Employee subscription right is recognized as expenses on straight basis over the given period pursuant to the fair value of equity tool on the given day and the best quantity forecast as expected, while making adjustments on the non-controlling interests. If it is acquired on the given day, all of them are recognized as expense on the given day.

The Group amends the expected employee stock option forecast on every balance sheet date. Any effect from amendments to original forecast is recognized as profit or loss to reflect accrued expenses and make adjustment on the non-controlling interests.

x. Income tax

Income tax expense represents the sum of the tax currently payable and deferred tax.

1) Current tax

The Group determines proceeds (loss) of current period pursuant to the laws and regulations prescribed in every income tax declaration region and calculates tax payable (recoverable).

According to the Income Tax Act, an additional tax on unappropriated earnings is provided for as income tax in the year of the shareholder meetings.

Adjustments of prior years' tax liabilities are added to or deducted from the current year's tax provision.

2) Deferred tax

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities and the corresponding tax bases used in the computation of taxable profit.

Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which those deductible temporary differences can be utilized.

Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries and associates, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments and interests are only recognized to the extent that it is probable that there will be sufficient taxable

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profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future.

The carrying amount of deferred tax assets is reviewed at the end of each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. A previously unrecognized deferred tax asset is also reviewed at the end of each balance sheet date and recognized to the extent that it has become probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liabilities are settled or the assets are realized, based on t ax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the balance sheet, to recover or settle the carrying amount of its assets and liabilities.

3) Current tax and deferred tax for the year

Current and deferred taxes are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income; in which case, the current and deferred taxes are also recognized in other comprehensive income.

5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Group's accounting policies, management is required to make judgments, estimations and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiences and other factors that are considered relevant. Actual results may differ from these estimates.

The Group will incorporate the recent developments of the COVID-19 pandemic in our country and its possible impact on the economic environment into major accounting estimates. Management will continue to review the estimates and underlying assumptions. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Key Sources of Estimation Uncertainty

a. Impairment loss estimates of accounts receivable
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The impairment loss estimates of trade receivable is assumed on the basis of the Group for breach of contract rate and expected loss rate. With historic experience, current market and prospects are considered, the Group makes assumption and chooses input of impairment evaluation. If the actual cash flow in future is less as expected, the Group may suffer from material impairment loss. Refer to Note 10 for the Group's adoption of important assumptions, inputs and carrying amount.

b. Inventory Impairment

As a result that inventory requires pricing at lower one between cost and net realized value; hence, the Group has to judge and estimate the net realization of inventory at the end of financial statements. The Group evaluated inventory price due to normal consumption, overdue or no market value as of the end of financial statements and write down inventory cost to net realization. This inventory evaluation is mainly based on product historic sales experiences and in demand during upcoming specified period, as such significant change might derive. Refer to Note 11 for the carrying amount of the Group's inventory.

c. Impairment evaluation of properties, plant and equipment

During asset impairment evaluation, the Group shall rely on subjective judgment to determine the useful life of independent cash flow asset under specified asset group according to the way of use of asset and industry characteristics; any change of evaluation brought by varied economic condition or company strategy may generate significant impairment in future.

d. Estimate of compensation for the subsidiary’s gas explosion incident

As for the civil damages incurred by the gas explosion of the subsidiary, China General Terminal & Distribution Co., which is recognized as a liability provision, the management estimates the amount of the liability provision by taking into account the progress of civil and criminal proceedings and settlements as well as the legal advice. However, actual results may differ from current estimates. Please refer to Note 38 for a detailed description.

6. CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS
Cash on hand and petty cash Checking accounts and demand deposits Cash equivalents Time deposits Reserve repurchase agreements collateralized by bonds	December 31, 2021 $ 70,667 3,383,659 6,655,811 255,216 $ 10,365,353	December 31, 2020
			$ 155,049 3,065,872 6,392,905 23,181 $ 9,637,007

The range of market interest rates for time deposits and reserve repurchase agreements collateralized by bonds on the balance sheet date is as follows:

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December 31, 2021 December 31, 2020 Time deposits 0.08% ～ 2.50% 0.07% ～ 2.30% Reserve repurchase agreements collateralized by bonds 0.06% ～ 0.90% 0.15% ～ 1.20% 7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT

CURRENT
Financial assets mandatorily at FVTPL Derivative financial assets (not under hedge accounting) - Foreign exchange forward contracts Non-derivative financial assets - Domestic listed (OTC) shares - Fund beneficiary certificates - Beneficiary securities - Overseas listed shares Sub-total Financial liabilities held for trading Derivative financial liabilities (not under hedge accounting) - Foreign exchange forward contracts	December 31, 2021 $ 8,297 603,956 4,896,869 232,680 464 5,733,969 $ 5,742,266 $ 3,380	December 31, 2020
			$ 5,328 506,763 4,765,536 233,670 386 5,506,355 $ 5,511,683 $ 20,724

At the end of the balance sheet date, outstanding foreign exchange forward contracts not under hedge accounting were as follows:

December 31, 2021 Sell Sell Sell Sell Buy Buy December 31, 2020 Sell Sell Sell Sell Buy Buy	Currency RMB/NTD USD/MYR USD/NTD EUR/MYR NTD/USD JPY/USD RMB/NTD USD/MYR USD/NTD EUR/MYR JPY/USD NTD/USD	Expiration date 2022.01.03- 2022.03.24 2022.04.29- 2022.10.31 2022.01.03- 2022.03.30 2022.01.31- 2022.02.28 2022.03.07 2022.01.18- 2022.02.24 2021.01.05- 2021.04.07 2021.3.31- 2021.08.30 2021.01.04- 2021.03.18 2021.05.28- 2021.07.30 2021.01.13- 2021.01.27 2021.01.04- 2021.03.02	Contract Amount (In Thousands)
			RMB 375,900 /NTD 1,625,844 USD 2,150 /MYR 9,075 USD 45,290 /NTD 1,259,790 EUR 60 /MYR 304 NTD 128,458 /USD 4,640 JPY 100,000 /USD 883 RMB 254,260 /NTD 1,089,330 USD 550 /MYR 2,313 USD 35,790 /NTD 1,014,569 EUR 284 /MYR 1,399 JPY 40,000 /USD 385 NTD 211,769 /USD 7,471

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The Group entered into foreign exchange forward contracts to manage exposures to exchange rate fluctuations of foreign currency denominated assets and liabilities. However, those contracts did not meet the criteria of hedge effectiveness, and therefore, the Group did not apply hedge accounting treatments for derivative contracts.

Please refer to Note 37 for the pledge of investments in equity instruments at FVTPL

8.

Please refer to Note 37 for the pledge of investments in equity instruments at FVTPL	Please refer to Note 37 for the pledge of investments in equity instruments at FVTPL	Please refer to Note 37 for the pledge of investments in equity instruments at FVTPL	Please refer to Note 37 for the pledge of investments in equity instruments at FVTPL
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
Current Investments in equity instruments Domestic investments Listed (OTC) shares Non-current Investments in equity instruments Domestic investments Listed (OTC) shares Emerging market shares Unlisted shares Overseas investments Listed (OTC) shares Unlisted shares	December 31, 2021 $ 145,921 $ 1,672,941 21,677 437,569 2,132,187 40,855 113,775 154,630 $ 2,286,817	December 31, 2020
			$ 164,922 $ 1,529,883 9,626 720,833 2,260,342 30,566 102,826 133,392 $ 2,393,734

The Group invested the listed (OTC) shares, emerging market shares and unlisted shares, domestic or abroad, for medium- to long-term strategic purposes, and expects to make a profit via long-term investment. Accordingly, the management elected to designate these investments in equity instruments as at FVTOCI as it believes that recognizing short-term fluctuations in these investments' fair value in profit or loss would not be consistent with the Group's strategy of holding these investments for long-term purposes.

The Group sold 3,091 thousand shares of Wafer Works Corporation in 2021. Related other equity - the unrealized benefit of financial assets measured at fair value through other comprehensive income of NT$149,287 thousand is transferred to retained surplus of NT$100,454 thousand and non-controlling equity of NT$48,833 thousand, respectively.

The Group sold 5,745 thousand shares of United Renewable Energy Co., Ltd. and 1,734 thousand shares of Global Biopharma, Inc. respectively in 2020. Related other equity - the unrealized loss of financial assets measured at fair value through other comprehensive income of NT$115,837 thousand is transferred to retained surplus of NT$78,078 thousand and noncontrolling equity of NT$37,759 thousand, respectively.

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For the years ended December 31, 2021 and 2020, due to the reduction of capital and refund of shares respectively by the invested company, the Group shall recover NT$52,244 thousand and 83,402 thousand according to the proportion of shares held, respectively.

The Group recognized dividend income of NT$190,222 thousand and NT$117,689 thousand, respectively, for the years ended December 31, 2021 and 2020.

9. FINANCIAL ASSETS MEASURED AT AMORTIZED COST

Current Pledged time deposits Non-current Restricted bank deposits Range of Interest Rates Pledged time deposits	December 31, 2021 $ 349,137 $ 382,501 0.04%`～`1.85%	December 31, 2020
		$ 348,450 $ 390,828 0.04%`～`1.85%

Restricted bank deposit means the subsidiary's earning repatriation and for Taiwan Water Corporation's petition of provisional attachment with the court due to gas explosion case. The Group's filed applying to the Management, Utilization and Taxation for Patriated Offshore Funds Act was approved to repatriate the funds by the Ministry of Finance in 2020 and deposited the net value after tax to foreign exchange deposit account. The deposit is limited for free utilization by laws and regulations that three-year withdrawal is not permitted until five years of the deposit, except for financial investment or physical investments with partially free utilization by law.

Please refer to Note 37 for the information related to financial assets measured at amortized cost pledged as security.

10. NOTES RECEIVABLE, ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES

Notes receivable(a) Operating Less: allowance for loss Accounts receivable(a) Financial liabilities measured at amortized cost Gross carrying amount Less: allowance for loss Other receivables(b) Tax refund receivable	December 31, 2021 $ 875,745 - $ 875,745 December 31, 2021 $ 8,600,861 ( 85,384) $ 8,515,477 $ 299,915	December 31, 2020	December 31, 2020
		$ 671,576 - $ 671,576 December 31, 2020
	(	(	$ 6,900,396 90,056) $ 6,810,340 $ 208,290

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Lent material fees receivable Others	December 31, 2021 70,090 141,720 $ 511,725	December 31, 2020	December 31, 2020
			27,067 58,102 $ 293,459

a. Notes and accounts receivable

The average credit period of sales of goods was 10 to 150 days. No interest was charged on the receivables.

In order to minimize credit risk, the management of the Group has delegated a team responsible for determining credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. Before accepting a new customer, the Group surveys the customers' credit history and measures the potential customer's credit quality to grant a credit term. A customer's credit term and rating are reviewed annually. In addition, the Group reviews the recoverable amount of each individual trade debt on the balance sheet date to ensure that adequate allowance is made for possible irrecoverable amounts. In this regard, the management believes the Group's credit risk was significantly reduced.

The Group measures the loss allowance for accounts receivable at an amount equal to lifetime ECLs. Expected credit losses over the life period are calculated using a reserve matrix, which takes into account the customer's past default record and current financial condition, industry economic situation and industry outlook.

The Group writes off a trade receivable when there is information indicating that the debtor is experiencing severe financial difficulty and there is no realistic prospect of recovery. For accounts receivable that have been written off, the Group continues to engage in enforcement activity to attempt to recover the due receivables. Where recoveries are made, they are recognized in profit or loss.

The following table details the loss allowance of notes receivables and accounts receivable based on the Group's allowance matrix.

December 31, 2021

Based on the number of overdue days

Gross carrying amount Loss allowance (lifetime ECLs) Amortized cost	Up to 60 Days $ 4,887,767 ( 12,511) $ 4,875,256		61~90 Days $ 835 330) $ 505	Over 91 Days $ 8,156 ( 4,209) $ 3,947		Total
	(	(		(	(	$ 4,896,758 17,050) $ 4,879,708

Based on credit quality

Based on credit quality
Gross carrying amount Loss allowance (Lifetime ECLs) Amortized cost	Credit Rating A		Credit Rating B		Credit Rating C			Others		Total
		$ 366,796 - $ 366,796		$ 1,174,614 ( 6,728) $ 1,167,886	(	$ 296,804 5,191) $ 291,613	(	$ 2,741,634 56,415) $ 2,685,219	(	$ 4,579,848 68,334) $ 4,511,514

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December 31, 2020

Based on the number of overdue days

Gross carrying amount Loss allowance (lifetime ECLs) Amortized cost Based on credit quality	Up to 60 Days $ 2,826,907 ( 4,651) $ 2,822,256		61~90 Days $ 440 - $ 440	Over 91 Days $ 7,138 ( 4,305) $ 2,833		Total
	(			(	(	$ 2,834,485 8,956) $ 2,825,529

ased on credit quality
Gross carrying amount Loss allowance (Lifetime ECLs) Amortized cost	Credit Rating A		Credit Rating B		Credit Rating C			Others		Total
	(	$ 384,617 4,435) $ 380,182		$ 1,346,480 ( 6,909) $ 1,339,571	(	$ 334,029 6,157) $ 327,872	(	$ 2,672,361 63,599) $ 2,608,762	(	$ 4,737,487 81,100) $ 4,656,387

The aging schedule of notes and accounts receivable with loss reserve measured based on credit quality was as follows:

credit quality was as follows:
Not past due Up to 60 days Over 61 days	December 31, 2021 $ 4,251,618 251,874 76,356 $ 4,579,848	December 31, 2020
			$ 4,220,397 357,902 159,188 $ 4,737,487

The above aging schedule was based on the number of days past due from the end of the credit term.

Changes in the allowance for impairment loss recognized on notes and accounts receivable were as follows:

Balance at January 1 Less: Impairment losses reversed Less: Amounts written off during the period as uncollectible Foreign exchange translation gains and losses Balance at December 31	For the Year Ended December 31, 2021 $ 90,056 ( 1,426 ) ( 2,981 ) ( 265) $ 85,384	For the Year Ended December 31, 2020
		$ 93,648 ( 2,415 ) ( 1,170 ) ( 7) $ 90,056

b. Other receivables

Other receivables mainly consisted of tax refund receivable, lent material fees receivable, etc. The average aging of other receivables was less than 60 days based on the number of days past due from the invoice date, and an impairment loss was assessed based on the expected credit losses. There were no other overdue receivables with an unrecognized allowance for doubtful accounts in the Group as of December 31, 2021 and 2020.

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11. INVENTORIES

INVENTORIES
Finished goods Work in progress Raw materials Supplies Inventory in transit	December 31, 2021 $ 4,567,525 476,649 1,980,596 359,533 215,540 $ 7,599,843	December 31, 2020
			$ 2,068,989 387,559 1,345,791 331,030 162,859 $ 4,296,228

The costs of inventories recognized as cost of goods sold for the years ended December 31 in 2021 and 2020 were NT$54,001,841 thousand and NT$39,721,391 thousand, respectively. The net realizable value of inventory write-downs included in the cost of goods sold for the years ended December 31 in 2021 and 2020 were NT$32,415 thousand and NT$24,765 thousand, respectively.

12. DISCONTINUED OPERATIONS

On October 24, 2011, the board of directors of Subsidiary China General Plastics Corporation ("CGPC") approved to dispose of Continental General Plastics (Zhong Shan) Co., Ltd. (“CGPC (ZS)”) and CGPC Consumer Products Corporation (“CGPC (CP)”) took into account the fact that the discontinued unit has resumed its operations, therefore, the amount of the prior period shall be re-expressed and the consolidated financial statement for the comparison period shall be recompiled in accordance with the provisions of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations in the preparation of the comparative consolidated financial statements for the continued unit reversed from discontinued unit from 2021. The consolidated income statement for the years ended December 31, 2020 has the following effects:

Impact on comprehensive income forthe year 2020 Administrative expenses Interest income Other income Other gains and losses Net income from continuing operations for the year	Amount Before Restatement ( $ 1,200,353 ) 102,548 374,667 132,342 5,678,364	Profit or Loss from Discontinued Operations ( $ 9,424 ) 261 28,825 ( 15,389 ) 4,273	Amount After Restatement
			( $ 1,209,777 ) 102,809 403,492 116,953 5,682,637

13. SUBSIDIARIES

a. Subsidiaries included in the consolidated financial statements

The consolidated financial statements are prepared by the following subjects:

Investor	Name ofSubsidiary	Nature of Activities Investment business Trading and investment	Proportion of Ownership (%)	Proportion of Ownership (%)	Remark
			December 31,2021 100.0% 100.0%	December 31,2020
The Company	USI Investment Co., Ltd. (USII) Swanlake Traders Ltd.`（`Swanlake`）`			100.0% 100.0%	12.

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Investor	Name ofSubsidiary	Nature of Activities Trading and investment Providing management services Import and export trade Investment business Investment business Optical products and fireproof materials Solar power generation business Import and distribution of various types of chemical raw materials and products Venture capital Production and marketing of stretch film, embossed film and industrial use multi-layer wrap Production and marketing of manganese-zinc soft ferrite powder Manufacturing and marketing of sapphire crystal Reinvestment business Reinvestment business Manufacturing and marketing of manganese-zinc soft ferrite core Reinvestment business Manufacturing and marketing of manganese-zinc soft ferrite core Production and marketing of low- density polyethylene, medium- density polyethylene, ethylene vinyl acetate and importing and marketing of linear low-density polyethylene and high-density polyethylene Reinvestment business Reinvestment business Investment business Management of chemical products, equipment and plastic products and whole sale of electronic materials, commission agency services and related supporting import and export services Production and marketing of polystyrene, acrylonitrile, butadiene, ABS resin, SAN resin, glass wool insulation products and plastic materials	Proportion of Ownership (%)	Proportion of Ownership (%)	Remark
			December 31,2021 100.0% 100.0% 99.9% 100.0% - 94.4% 100.0% 100.0% - 100.0% 70.0% 8.3% 78.3% 40.6% 8.0% 6.0% 54.6% 26.9% 1.7% 9.3% 3.3% 2.4% 1.0% 44.6% 50.9% 34.0% 9.2% 0.2% 94.3% 51.3% 16.6% 16.7% 5.4% 90.0% 100.0% 100.0% 100.0% 100.0% 36.1% 0.9% 0.3% - 37.3% 100.0% 70.0% 30.0% 100.0% 100.0% 100.0% 36.8%	December 31,2020
The Company Cypress Epoch Limited The Company Asia Polymer Corporation (APC) The Company Asia Polymer Corporation USIFE Investment Co., Ltd. The Company China General Plastics Corporation USIFE Investment Co., Ltd. Asia Polymer Corporation Taita Chemical Company, Ltd. APC Investment Corporation The Company Acme Electronics Corporation Asia Polymer Corporation USIFE Investment Co., Ltd. Acme Electronics Corporation APC (BVI) Holding Co., Ltd. Swanlake Traders Ltd. TAITA (BVI) Holding Co,Ltd. Acme Electronics Corporation ACME Electronics (Cayman) Corp. Golden Amber Enterprises Limited Union Polymer Int'l Investment Corp. China General Terminal & Distribution Co. USIFE Investment Co., Ltd. Taiwan VCM Corporation Asia Polymer Corporation Asia Polymer Corporation APC (BVI) Holding Co., Ltd. Asia Polymer Corporation APC (BVI) Holding Co., Ltd. Union Polymer Int'l Investment Corp.	USI (Hong Kong) Company Ltd. USI Management Consulting Corp. (UM) Chong Loong Trading Co., Ltd. (CLT) Union Polymer International Investment Corporation (UPIIC) Cypress Epoch Limited INOMA Corporation (INOMA) USI Green Energy Corporation (USIGE) USIG (Shanghai) Co., Ltd. Taiwan United Venture Capital Corp. (TUVC) Swanson Plastics Corporation (SPC) Acme Electronics Corp. (ACME) USI Optronics Corporation ("USIO") ACME Electronics (Cayman) Corp. Golden Amber Enterprises Limited Acme Electronics (Kunshan) Co., Ltd. ("ACME (KS)") ACME Components (Malaysia) Sdn.Bhd. Acme Electronics (Guang-Zhou) Co., Ltd. ("ACME (GZ)") Asia Polymer Corporation (APC) APC (BVI) Holding Co., Ltd. ("APC (BVI)") USI International Corporation APC Investment Corporation (APCI) USI Trading (Shanghai) Co., Ltd. Taita Chemical Company, Limited (TTC)			100.0% 100.0% 99.9% 100.0% 100.0% 94.4% - - 100.0% 100.0% 70.0% 8.3% 78.3% 40.6% 8.0% 4.9% 53.5% 26.9% 1.7% 9.3% 3.3% 2.4% 1.0% 44.6% 50.9% 34.0% 9.2% 0.2% 94.3% 51.3% 16.6% 11.2% 5.4% 84.5% 100.0% 100.0% 100.0% 100.0% 36.1% 0.9% 0.3% - 37.3% 100.0% 70.0% 30.0% 100.0% 100.0% 100.0% 36.8%	13. 1. 15. 13. 16. 2. 18. 14. 12.`及`18. 12.

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Investor	Name ofSubsidiary	Nature of Activities Reinvestment business Production and marketing of polystyrene derivatives Production and marketing of polystyrene derivatives Production and marketing of plastic cloths, plastic skins, plastic tubes, plastic pellets, plastic powder and other related products Manufacturing and marketing of vinyl chloride monomer and related petrochemical products Reinvestment business Marketing of PVC two- or three-time processed products Manufacturing and marketing of PVC powder Manufacturing and marketing of PVC film and third-time processed products Manufacturing and marketing of PVC film and third-time processed products Warehousing petrochemical raw materials Business management consulting Manufacturing and marketing of soft ferrite core Reinvestment business Trading and agency businesses Production and marketing of plastic products Import and export trade Production and marketing of plastic products Production, marketing and development of EVA packaging film and other value added plastic products Production and marketing of plastic products Production and marketing of plastic products Production, marketing and development of multi-functional film and light-solution film Reinvestment business Production, marketing and development of multi-functional film and light-solution film Production and sales of PE release film and other release products Investment business Investment business Investment business	Proportion of Ownership (%)	Proportion of Ownership (%)	Remark
			December 31,2021 0.6% 0.4% 37.8% 100.0% 100.0% 100.0% 25.0% 8.0% 2.0% 0.5% 0.1% 35.6% 87.3% 100.0% 100.0% 100.0% 100.0% 100.0% 33.3% 33.3% 33.4% 100.0% 100.0% 100.0% - 100.0% 100.0% 100.0% 1.0% 99.0% 100.0% 70.0% 15.0% 15.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 59.1% 40.9% 100.0% 67.4% 85.0%	December 31,2020
China General Terminal & Distribution Co. USIFE Investment Co., Ltd. Taita Chemical Company, Ltd. TAITA (BVI) Holding Co, Ltd. Union Polymer Int'l Investment Corp. Asia Polymer Corporation Taita Chemical Company, Ltd. China General Terminal & Distribution Co. USIFE Investment Co., Ltd. China General Plastics Corporation CGPC (BVI) Holding Co., Ltd. China General Plastics Corporation Taita Chemical Company, Ltd. Asia Polymer Corporation USIFE Investment Co., Ltd. ACME Components (Malaysia) Sdn.Bhd. Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics (Singapore) Pte., Ltd. Swanson Plastics Corporation APC Investment Corporation USIFE Investment Co., Ltd. Swanson Plastics (Singapore) Pte., Ltd. Swanson International Ltd. A.S. Holdings (UK) Limited The Company (Asia Polymer Corporation) Ever Conquest Global Limited Ever Victory Global Limited	TAITA (BVI) Holding Co, Ltd. `（`TAITA (BVI)`）` Taita Chemical (Zhong Shan) Co., Ltd. ("TTC (ZS)") Taita Chemical (Tianjin) Co., Ltd. ("TTC (TJ)") China General Plastics Corporation (CGPC) Taiwan VCM Corporation (TVCM) CGPC (BVI) Holding Co., Ltd. CGPC America Corporation CGPC Polymer Corporation ("CGPCPOL") Continental General Plastics (ZhongShan) Co.,Ltd. ("CGPC (ZS)" CGPC Consumer Products Corporation (“CGPC (CP)”) China General Terminal & Distribution Corporation (CGTD) Taiwan United Venture Management Corp. (TUVM) ACME Ferrite Products Sdn.Bhd Curtana Company Ltd. Forever Young Company Ltd. Swanson Plastics (Singapore) Pte., Ltd. Swanson International Ltd. PT. Swanson Plastics Indonesia Ltd. Swanson Technologies Corporation (STC) Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (India) Private Limited Swanson Plastics (Tianjin) Co., Ltd. A.S.Holdings (UK) Limited Swanson Plastics (Kunshan) Co., Ltd. ASK-Swanson (Kunshan) Co., Ltd. Ever Conquest Global Limited ("ECGL") Ever Victory Global Limited("EVGL") Dynamic Ever Investments Limited ("DEIL")			0.6% 0.4% 37.8% 100.0% 100.0% 100.0% 25.0% 8.0% 2.0% 0.5% 0.1% 35.6% 87.2% 100.0% 100.0% 100.0% 100.0% 100.0% 33.3% 33.3% 33.4% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 1.0% 99.0% 100.0% 70.0% 15.0% 15.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 59.1% 40.9% 100.0% 67.4% 85.0%	18. 8. 7. 18. 17. 6. 6. 5. 10. 10, 11 and18. 10 and 11.

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1) In June 2020, the Company acquired 1.2% of shares from the external shareholders of INOMA, acquired price being NT$349 thousand. After the equity purchase, the proportion of INOMA's equity held by the Group increased from 93.2% to 94.4%. As these transactions did not change the Group's control over these subsidiaries, they are deemed as equity transactions. Differences generated from the aforementioned equity transactions were adjusted to a decrease in retained earnings of NT$65 thousand.
2) USI Investment Co., Ltd. (USII) acquired 1.1% and 4.5% equity from external shareholders of Swanson Plastics Corporation (SPC) in 2021 and 2020 based on medium and long-term investment strategy, thus acquired a price of NT$19,691 thousand and NT$84,399 thousand, respectively.
3) TMC has had no actual production or sales activities in recent years. Therefore, on April 12, 2019, the board of directors of TMC had approved the proposal for dissolution and liquidation of the company starting from the dissolution date of May 25, 2019. The Group has acquired NT$12,214 thousand of the remaining property distribution from liquidation in May 2020, and TMC has completed the dissolution and liquidation procedures on July 22, 2020.
4) In June 2020, ACME acquired the remaining assets of NT$267 thousand returned by its subsidiary ACME Electronics (BVI)Corp., which completed its process of liquidation in June 2020.
5) In August 2020, Swanson Plastics Corporation (SPC) resolved to dissolve and liquidate the subsidiary Curtana Company Ltd., with the dissolution and liquidation procedure completed n February 5, 2021.
6) CGPC disposed of CGPC (ZS) and CGPC Consumer Products Corporation (“CGPC (CP)”) by resolution as approved in the meeting of the board of directors in October 2011. However, since the Company leased out the idle plant of the discontinued unit in 2021, considering that the operation of the plant is not substantially discontinued, the discontinued operation is reversed to continuing operation after evaluation. Please refer to Note 12 for an explanation.
7) The management of TTC decided to suspend the production of TTC (Tianjin) from April 2019 due to the assessment of the demand reduction of its subsidiary TTC (Tianjin) in the local market. Please refer to Note 15 for relevant explanation.
8) The boards of TAITA (BVI) resolved on December 3, 2020 to establish a new company, with an investment of RMB 314,000 thousand. The main business of the new company is expected to be the production and sales of expandable polystyrene (EPS), but yet to complete it till March 16, 2022.
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9) The management of Forum Pacific Trading Ltd. resolved to make dissolution and liquidation in September 2019. And CLT acquired its remaining assets 6,828 thousand returned in May 2020. The subsidiary has been dissolved and liquidated on December 29, 2020.
10) 10. As of December 31, 2021, the Company and APC invested capital amounted to US$246,670 thousand (around NT$7,645,981 thousand) and US$170,475 thousand (around NT$5,255,587 thousand) in ECGL, respectively, and reinvested in EVGL via ECGL as well as in DEIL. The total ownership percentage of the Group in EVGL is 67.4%. For more detailed explanation, please refer to 11. and Note 39.
11) In March and December 2020, ECGL did not participate in the cash capital increase of EVGL according to the original shareholding ratio, and in April and December 2020, ECGL did not invest in DEIL according to the original shareholding ratio through EVGL. After the capital increase, the equity proportion of EVGL held by the combined company decreased from 80.0% to 67.4%, and the equity proportion of DEIL held by EVGL decreased from 89.9% to 85.0%. As these transactions did not change the Group's control over these subsidiaries, they are deemed as equity transactions. Differences generated from the aforementioned equity transactions were adjusted to increases in capital surplus of NT$34,896 thousand.
12) In order to sell the products by Gulei, the Company and APC resolved on August 13, 2020 and August 12, 2020, respectively, to establish a joint venture sales company in Fujian Province, China, with a planned capital of RMB 300,000 thousand (approximately US$46,000 thousand). The funds are expected to be US$32,200 thousand and US$13,800 thousand, respectively invested by Swanlake and APC (BVI) Holding Co.Ltd., and the registration was completed on March 12, 2022.
13) To simplify investing framework, the Company hanged its indirect investment in USIG (Shanghai) Co., Ltd. in China with approval of the Investment Commission, Ministry of Economics Affairs (Investment Commission) dated January 25, 2021, as such, with the approval, it was revised to be direct investment. And Cypress Epoch Limited has completed the dissolution and liquidation procedures on September 28, 2021.
14) On January 21, 2021, Swanlake acquired 5.42% equity from the external shareholders of Acme Electronics (Cayman) Corp. approved by the Investment Commission, MOEA with the purchase price of NT$2,172 thousand. After the purchase of equity, the proportion of equity held by the Group in Acme Electronics (Cayman) Corp. increased from 84.53% to 89.95%. Since the transaction does not change the Group's control over the subsidiary, it is treated as an equity transaction, and the difference
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arising from the said equity transaction of the Group is an adjustment to increase the capital reserve of NT$3,564 thousand.

15) In response to the government's green power policy, the Company purchased 100% of the equity from the non-related parties, USIGE. on July 5, 2021 at a purchase price of NT$34,092 thousand, which was confirmed by the Board of Directors on July 8, 2021. Please refer to Note 32 for details. In addition, USIGE issued 7,000 thousand ordinary shares through cash capital increase by resolution of the board of directors on November 3, 2021, which was subscribed by the Company in full. The paid-up capital after capital increase was NT$70,100 thousand.
16) To improve the financial structure and activate the company's capital utilization, TUVC passed the resolution of the extraordinary shareholders' meeting on November 25, 2021 to cover losses of NT$100,000 thousand with retained earnings, and to cancel the issued shares of 10,000 thousand shares. The capital reduction ratio was 21.28%, and the base date for it was December 3, 2021. After the capital reduction, the paid-in share capital of TUVC was NT$370,000 thousand.
17) Based on the medium- and long- term investment strategy, the Group acquired 157 thousand shares of Taiwan VCM Corporation (TVCM) from external shareholders from March to September 2021 at a price of NT$2,653 thousand. After the purchase of shares, the equity proportion of the Group to Taiwan VCM Corporation (TVCM) increased from 87.22% to 87.27%. As these transactions did not change the Group's control over the subsidiary, it is deemed as an equity transaction. Differences generated from the aforementioned equity transaction were adjusted to increases in capital surplus of NT$252 thousand.
18) This is a subsidiary with material non-controlling interests.
b. Details of subsidiaries that have material non-controlling interests

Name of Subsidiary CGPC TTC ACME APC EVGL	Proportion of Ownership and Voting Rights Held by Non-controlling Interests	Proportion of Ownership and Voting Rights Held by Non-controlling Interests
	December 31, 2021 64.4% 62.2% 55.4% 62.7% 32.6%	December 31, 2020
		64.4% 62.2% 55.4% 62.7% 32.6%

Please refer to Table 7 and 8 for the information on places of incorporation and principal places of business.

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Name of Subsidiary CGPC TTC ACME APC EVGL	Profit (Loss) Allocated to Non- controlling Interests For the Year Ended December 31, 2021 For the Year Ended December 31, 2020 $ 1,623,144 $ 1,074,470 $ 1,171,507 $ 1,215,763 $ 32,991 $ 18,569 $ 2,097,980 $ 746,600 ($ 207,283) ($ 39,915)	Profit (Loss) Allocated to Non- controlling Interests For the Year Ended December 31, 2021 For the Year Ended December 31, 2020 $ 1,623,144 $ 1,074,470 $ 1,171,507 $ 1,215,763 $ 32,991 $ 18,569 $ 2,097,980 $ 746,600 ($ 207,283) ($ 39,915)	Non-controlling Interests	Non-controlling Interests	Non-controlling Interests	Non-controlling Interests
	For the Year Ended December 31, 2021 $ 1,623,144 $ 1,171,507 $ 32,991 $ 2,097,980 ($ 207,283)		December 31, 2021		December 31, 2020 $ 6,187,422 $ 3,885,632 $ 716,599 $ 7,574,659 $ 5,988,872
	(	(		$ 7,063,369 $ 4,715,783 $ 720,250 $ 9,385,928 $ 5,740,914		$ 6,187,422 $ 3,885,632 $ 716,599 $ 7,574,659 $ 5,988,872

The summarized financial information in respect of each of the Group's subsidiaries below represents amounts before intra-group eliminations:

CGPC and CGPC's subsidiaries

CGPC and CGPC's subsidiaries
Current assets Non-current assets Current liabilities Non-current liabilities Equity Equity attributable to: Owners of the Company Non-controlling interests of CGPC Non-controlling interests of CGPC's subsidiaries Revenue Net profit from continuing operations Other comprehensive (loss) income Total comprehensive income Net profit attributable to: Owners of the Company Non-controlling interests of CGPC Non-controlling interests of CGPC's subsidiaries Total comprehensive income attributable to: Owners of the Company Non-controlling interests of CGPC Non-controlling interests of CGPC's subsidiaries	December 31, 2021 $ 7,888,292 9,087,023 ( 2,992,501 ) ( 2,147,545) $ 11,835,269 $ 4,099,608 7,063,369 672,292 $ 11,835,269 For the Year Ended December 31, 2021 $ 20,221,524 $ 2,631,418 ( 14,961) $ 2,616,457 $ 845,532 1,623,144 162,742 $ 2,631,418 $ 917,989 1,535,895 162,573 $ 2,616,457	December 31, 2020
		$ 5,874,585 8,019,040 ( 2,220,603 ) ( 1,369,264) $ 10,303,758 $ 3,516,093 6,187,422 600,243 $ 10,303,758 For the Year Ended December 31, 2020
	(		$ 13,733,148 $ 1,791,710 82,647 $ 1,874,357 $ 559,714 1,074,470 157,526 $ 1,791,710 $ 627,523 1,088,417 158,417 $ 1,874,357

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For the Year Ended For the Year Ended December 31, 2021 December 31, 2020

	For the Year Ended December 31, 2021	For the Year Ended December 31, 2020
Cash flow Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash inflow Dividends paid on non-controlling interests TTC and TTC's subsidiaries Current assets Non-current assets Current liabilities Non-current liabilities Equity Equity attributable to: Owners of the Company Non-controlling interests of TTC Revenue Net profit from continuing operations Other comprehensive income (loss) Total comprehensive income Net profit attributable to: Owners of the Company Non-controlling interests of TTC Total comprehensive income attributable to: Owners of the Company Non-controlling interests of TTC Cash flow Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash inflow Dividends paid on non-controlling interests	$ 2,206,421 ( 1,697,443) ( 64,629 ) ( 1,159) $ 443,190 $ 654,923 December 31, 2021 $ 7,290,336 3,454,323 ( 2,343,160 ) ( 739,686) $ 7,661,813 $ 2,946,030 4,715,783 $ 7,661,813 For the Year Ended December 31, 2021 $ 20,771,165 $ 1,849,932 144,361 $ 1,994,293 $ 678,425 1,171,507 $ 1,849,932 $ 729,130 1,265,163 $ 1,994,293 For the Year Ended December 31, 2021 $ 736,221 ( 91,278 ) ( 490,800 ) ( 14,366) $ 139,777 $ 435,982	$ 2,088,323 ( 1,194,306 ) ( 765,171 ) ( 5,092) $ 123,754 $ 173,260 December 31, 2020
		$ 5,942,120 3,303,750 ( 2,170,177 ) ( 719,887) $ 6,355,806 $ 2,470,174 3,885,632 $ 6,355,806 For the Year Ended December 31, 2020
		$ 15,498,381 $ 1,919,818 236,480 $ 2,156,298 $ 704,055 1,215,763 $ 1,919,818 $ 856,789 1,299,509 $ 2,156,298 For the Year Ended December 31, 2020
		$ 3,046,274 ( 120,224 ) ( 1,818,584 ) 39,022 $ 1,146,488 $ 63,493

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ACME and ACME's subsidiaries

ACME and ACME's subsidiaries
Current assets Non-current assets Current liabilities Non-current liabilities Equity Equity attributable to: Owners of the Company Non-controlling interests of ACME Non-controlling interests of ACME's subsidiaries Revenue Net profit from continuing operations Other comprehensive (loss) income Total comprehensive income Net profit attributable to: Owners of the Company Non-controlling interests of ACME Non-controlling interests of ACME's subsidiaries Total comprehensive income attributable to: Owners of the Company Non-controlling interests of ACME Non-controlling interests of ACME's subsidiaries Cash flow Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash (outflow) inflow	December 31, 2021 $ 2,335,126 2,005,472 ( 1,600,758 ) ( 804,698) $ 1,935,142 $ 614,791 720,250 600,101 $ 1,935,142 For the Year Ended December 31, 2021 $ 3,070,315 $ 90,481 ( 40,414) $ 50,067 $ 26,338 32,991 31,152 $ 90,481 $ 16,726 20,951 12,390 $ 50,067 $ 71,338 ( 488,339 ) 438,971 ( 27,555) ( $ 5,585)	December 31, 2020
		$ 1,886,912 1,679,406 ( 1,161,937 ) ( 519,306) $ 1,885,075 $ 580,765 716,599 587,711 $ 1,885,075 For the Year Ended December 31, 2020
		$ 2,169,471 $ 37,374 12,092 $ 49,466 $ 14,824 18,569 3,981 $ 37,374 $ 19,844 25,048 4,574 $ 49,466 $ 213,754 11,334 ( 42,059 ) 8,547 $ 191,576

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APC and APC's subsidiaries

APC and APC's subsidiaries
Current assets Non-current assets Current liabilities Non-current liabilities Equity Equity attributable to: Owners of the Company Non-controlling interests of APC Revenue Net profit from continuing operations Other comprehensive income (loss) Total comprehensive income Net profit attributable to: Owners of the Company Non-controlling interests of APC Total comprehensive income attributable to: Owners of the Company Non-controlling interests of APC Cash flow Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash outflow Dividends paid on non-controlling interests EVGL and EVGL's subsidiaries Current assets Non-current assets Current liabilities Equity Equity attributable to: Owners of the Company Non-controlling interests of EVGL Non-controlling interests of EVGL's subsidiaries	December 31, 2021 $ 4,098,928 14,879,618 ( 1,942,077 ) ( 1,574,420) $ 15,462,049 $ 6,076,121 9,385,928 $ 15,462,049 For the Year Ended December 31, 2021 $ 9,565,813 $ 3,101,127 947,852 $ 4,048,979 $ 1,003,147 2,097,980 $ 3,101,127 $ 1,739,582 2,309,397 $ 4,048,979 $ 2,746,534 ( 5,161 ) ( 2,579,254 ) ( 3,827) ($ 158,292) $ 472,565 December 31, 2021 $ 1,253,726 19,335,554 ( 15,576) $ 20,573,704 $ 11,870,694 5,740,914 2,962,096 $ 20,573,704	December 31, 2020
		$ 2,964,269 13,919,234 ( 1,479,196 ) ( 3,294,762) $ 12,109,545 $ 4,534,886 7,574,659 $ 12,109,545 For the Year Ended December 31, 2020
		$ 5,703,546 $ 1,103,587 1,099,896 $ 2,203,483 $ 356,987 746,600 $ 1,103,587 $ 887,393 1,316,090 $ 2,203,483 $ 2,878,346 ( 916,265 ) ( 2,289,221 ) ( 5,832) ($ 332,972) $ 225,031 December 31, 2020
	(	(	$ 1,309,763 20,170,030 15,128) $ 21,464,665 $ 12,383,404 5,988,872 3,092,389 $ 21,464,665

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Loss for the period Other comprehensive (loss) income Total comprehensive (loss) income Loss attributable to: Owners of the Company Non-controlling interests of EVGL Non-controlling interests of EVGL's subsidiaries Total comprehensive income attributable to: Owners of the Company Non-controlling interests of EVGL Non-controlling interests of EVGL's subsidiaries Cash flow Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash (outflow) inflow	For the Year Ended December 31, 2021 ( $ 748,375 ) ( 142,586) ( $ 890,961) ( $ 428,607 ) ( 207,283 ) ( 112,485) ($ 748,375) ( $ 512,710 ) ( 247,957 ) ( 130,294) ( $ 890,961 ) ( $ 21,545 ) - - ( 36,104) ( $ 57,649 )	For the Year Ended December 31, 2020
		( $ 176,803 ) 234,751 $ 57,948 ( $ 113,720 ) ( 39,915 ) ( 23,168) ($ 176,803) $ 16,651 20,062 21,235 $ 57,948 ( $ 13,696 ) ( 5,122,441 ) 5,359,526 ( 110,736) $ 112,653

14. INVESTMENTS ACCOUNTED FOR USING EQUITY METHOD

Investments in joint ventures Associates that are individually material Fujian Gulei Petrochemical Co., Ltd. (Gulei)	December 31, 2021 $ 19,335,554	December 31, 2020	December 31, 2020
			$ 20,170,030

Investments in joint venture are accounted for using the equity method.

The percentage of the Group's ownership and voting rights of Gulei as of December 30, 2020

and 2021 was 50% of the outstanding shares respectively. For more explanation, please refer to Note 39.

For the scope of business operations, the location and national information of Gulei's registry of joint venture, please refer to Table 8.

The summary of financial information below represents amounts shown in the joint venture's financial statements prepared in accordance with IFRSs adjusted by the Group for equity accounting purposes.

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Cash and cash equivalents Current assets Non-current assets Current liabilities Non-current liabilities Equity Proportion of the Group's ownership Equity attributable to the Group Carrying amount The Group's share of: Loss for the period	December 31, 2021 $ 5,030,725 $ 20,980,740 103,618,406 ( 28,893,712 ) (57,034,326) 38,671,108 50% $ 19,335,554 $ 19,335,554 For the Year Ended December 31, 2021 ($ 727,995)	December 31, 2020	December 31, 2020
		$ 4,356,714 $ 5,785,331 82,025,858 ( 10,734,400 ) (36,736,729) 40,340,060 50% $ 20,170,030 $ 20,170,030 For the Year Ended December 31, 2020
			($ 165,161)

Gulei has been in operation since November 2021 with revenue.

15. PROPERTY, PLANT AND EQUIPMENT-FOR SELF-USE

Freehold Land Land improvements Buildings and Improvements Machinery and Equipment Transportation equipment Other equipment Construction in progress and equipment under installation	December 31, 2021 $ 4,682,237 5,623 3,809,068 10,940,540 33,559 294,331 4,705,653 $ 24,471,011	December 31, 2020	December 31, 2020
			$ 4,682,237 6,954 3,974,587 11,626,815 46,935 321,524 2,510,261 $ 23,169,313

Cost Balance as of January 1, 2021 Additions Disposal Acquisition by business combination (Note 32) Internal transfer Rerecognized as non-current assets available for sale Net foreign currency exchange differences Balance as of December 31, 2021 Accumulated depreciation and impairment Balance as of January 1, 2021 Depreciation expense Disposal Internal transfer Recognized impairment loss Net foreign currency exchange differences Balance as of December 31, 2021 Net on December 31, 2021 Cost Balance as of January 1, 2020 Additions Disposal Transfer from investment properties (Note 17) Internal transfer Net foreign currency exchange differences Balance as of December 31, 2020		FreeholdLand		Land improvements	Buildings and Improvements	Machinery and Equipment	Transportation equipment	Otherequipment	Construction in progress and equipment under installation	Total
		$ 4,682,237 - - - - - - $ 4,682,237 $ - - - - - - $ - $ 4,682,237 $ 4,682,237 - - - - - $ 4,682,237		$ 124,218 - - - - - - $ 124,218 $ 117,264 1,331 - - - - $ 118,595 $ 5,623 $ 124,005 - - - 213 - $ 124,218	$ 8,001,009 44,497 ( 11,263 ) - 83,005 - ( 28,550) $ 8,088,698 $ 4,026,422 277,081 ( 10,768 ) - - ( 13,105) $ 4,279,630 $ 3,809,068 $ 7,952,060 4,796 ( 28,965 ) 1,752 68,262 3,104 $ 8,001,009	$ 37,649,789 158,094 ( 970,936 ) - 1,115,270 - ( 152,839) $ 37,799,378 $ 26,022,974 1,779,633 ( 871,027 ) ( 10,802 ) 39 ( 61,979) $ 26,858,838 $ 10,940,540 $ 37,738,740 149,161 ( 1,141,845 ) - 949,092 ( 45,359) $ 37,649,789	$ 202,055 875 ( 5,337 ) - 1,681 - ( 1,147) $ 198,127 $ 155,120 15,682 ( 5,337 ) - - ( 897) $ 164,568 $ 33,559 $ 204,178 2,820 ( 14,641 ) - 13,815 ( 4,117) $ 202,055	$ 1,759,327 28,228 ( 59,131 ) - 36,860 - ( 8,453) $ 1,756,831 $ 1,437,803 87,477 ( 58,541 ) - - ( 4,239) $ 1,462,500 $ 294,331 $ 1,736,993 28,058 ( 57,031 ) - 61,799 ( 10,492) $ 1,759,327	$ 2,519,743 3,658,722 ( 7,396 ) 13,073 ( 1,299,100 ) ( 171,803 ) ( 5,509) $ 4,707,730 $ 9,482 - ( 7,396 ) - - ( 9) $ 2,077 $ 4,705,653 $ 1,501,006 2,072,826 ( 3,500 ) - ( 1,045,673 ) ( 4,916) $ 2,519,743	$ 54,938,378 3,890,416 ( 1,054,063 ) 13,073 ( 62,284 ) ( 171,803 ) ( 196,498) $ 57,357,219 $ 31,769,065 2,161,204 ( 953,069 ) ( 10,802 ) 39 ( 80,229) $ 32,886,208 $ 24,471,011 $ 53,939,219 2,257,661 ( 1,245,982 ) 1,752 47,508 ( 61,780) $ 54,938,378

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Accumulated depreciation and impairment Balance as of January 1, 2020 Depreciation expense Disposal Transfer from investment properties (Note 17) Internal transfer Recognized impairment loss Net foreign currency exchange differences Balance as of December 31, 2020 Net on December 31, 2020		FreeholdLand		Land improvements $ 115,773 1,491 - - - - - $ 117,264 $ 6,954	Buildings and Improvements	Machinery and Equipment	Transportation equipment	Otherequipment $ 1,436,928 78,127 ( 53,293 ) - ( 17,905 ) 568 ( 6,622) $ 1,437,803 $ 321,524	Construction in progress and equipment under installation	Total
		$ - - - - - - - $ - $ 4,682,237			$ 3,767,034 277,815 ( 27,833 ) 717 2,252 - 6,437 $ 4,026,422 $ 3,974,587	$ 25,319,954 1,797,570 ( 1,084,990 ) - ( 4,212 ) 25,714 ( 31,062) $ 26,022,974 $ 11,626,815	$ 157,313 15,359 ( 13,648 ) - - - ( 3,904) $ 155,120 $ 46,935		$ 11,203 - ( 3,357 ) - - 1,619 17 $ 9,482 $ 2,510,261	$ 30,808,205 2,170,362 ( 1,183,121 ) 717 ( 19,865 ) 27,901 ( 35,134) $ 31,769,065 $ 23,169,313

In accordance with the New Taipei City Government Letter Development No. 1072133080 dated November 7, 2018, the land and buildings of the Company located in Linkou are within the scope of "Urban Land Redeveloping Zone at 1st Industrial Park in Linkou District". Partial of the land will be reclaimed and is expected to be returned in 2022.

In cooperation with the Taiwan International Ports Corporation, Ltd. (Ports Co.), Ministry of Transportation and Communications, to relocate the petrochemical oil storage tank facilities of the old port area operators, CGTD leased the port facilities and storage areas of the Kaohsiung

Port Intercontinental Container Center Second Phase Petrochemical Oil Storage and Transportation Center from Ports Co., the lease period being from August 1, 2017 to July 31, 2042, rent paid quarterly. In addition, the boards of directors of the Company, CGTD, APC and TVCM, resolved in 2019 to build the second phase of the Intercontinental Petrochemical Oil Products Center. As of December 31, 2021, the Group had paid NT$2,090,979 thousand for the project, which was accounted for under construction in progress.

For the year ended December 31, 2020, ACME (GZ) assessed that some of its machinery and equipment had been idle and did not meet the production requirements, thus recognizing an impairment loss of NT$5,823 thousand.

Due to shrinking demand of EPS in the local market, the main product of Taita Chemical (Tianjin) Co., Ltd. ("TAITA (TJ)"), the management decided to suspend the production of TAITA (TJ) starting from April 2019. TAITA (TJ) determined the recoverable amounts of the property, plant and equipment (including right -of-use assets), on the basis of fair values less costs of disposal. The fair value was measured by Level 3 inputs as at December 31, 2021 and 2020 by an independent appraisal company. The assessment was a revaluation of the replacement cost and economic useful life of the property, plant and equipment within the assessment scope, and the assessment results showed that the recoverable amount was lower than the book value. TAITA (TJ) recognized an impairment loss of NT$39 thousand and NT$22,078 thousand in 2021 and 2020 respectively, which was reported under operating costs in the consolidated statements of comprehensive income. The assessed fair values of the proceeds are as follows:

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Plant and right-of-use assets Equipment	December 31, 2021 $ 266,579 $ 2,086	December 31, 2020	December 31, 2020
			$ 275,409 $ 2,689

SPC has completed the construction and acceptance of the plant before the end of 2021, which is expected to be sold and transferred in the future, thus transferring NT$171,803 thousand of relevant buildings and structures to non-current assets available for sale. As the expected selling price exceeds the carrying amount of the assets to be sold, the buildings and structures are classified as a non-current assets available for sale (accounted for other current assets), without impairment loss to be recognized.

The property, plant and equipment of the Group are depreciated on a straight-line basis over their estimated useful lives as follows:

their estimated useful lives as follows:
Freehold Land - land improvements	7-20 years
Buildings and improvements
Plant, machine room and improvements	3-55 years
Office building, labs and improvements	20-50 years
General plants and improvements	3-60 years
Others	3-15 years
Machinery and equipment	2-26 years
Transportation equipment	2-10 years
Other equipment	2-25 years

Property, plant and equipment pledged as collateral for bank borrowings are set out in Note 37. For the related capitalized interest, please refer to Note 28 (4) finance cost.

16. LEASE ARRANGEMENTS

a. Right-of-use assets

Right-of-use assets
Carrying amount of right-of-use assets Leasehold land Land use rights Buildings Machinery and Equipment Transportation equipment Addition for right-of-use assets Depreciation expense of right-of-use assets Leasehold land Land use rights Buildings Machinery and Equipment	December 31, 2021 $ 156,928 406,802 90,272 71,521 1,818 $ 727,341 For the Year Ended December 31, 2021 $ 104,277 $ 16,700 11,828 30,921 7,758	December 31, 2020
		$ 164,180 336,967 148,111 53,510 2,183 $ 704,951 For the Year Ended December 31, 2020
			$ 3,265 $ 15,618 21,358 18,500 10,264

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For the Year Ended For the Year Ended December 31, 2021 December 31, 2020 Transportation equipment 978 718 $ 68,185 $ 66,458

Except for the addition and recognition of depreciation expense, the Group's right-of-use assets did not experience significant sub-lease or impairments for the years ended December 31, 2021 and 2020.

The Group leases the office in Taipei and sublets it to another company on a operating lease basis. The related right-of-use assets are presented as investment properties (as set out in Note 17). The amounts disclosed above with respect to the right-of-use assets do not include right-of-use assets that meet the definition of investment properties.

The Group's right-of-use assets pledged as collateral for bank borrowings are set out in Notes 19 and 37.

b. Lease liabilities

Lease liabilities
December 31, 2021 Carrying amount of lease liabilities Current $ 73,065 Non-current $ 387,502 Range of discount rate for lease liabilities was as follows: December 31, 2021 Leasehold land 0.83%`～`9.25% Buildings 1.04%`～`2.00% Machinery and Equipment 1.04%`～`1.25% Transportation equipment 1.06%`～`1.25%	December 31, 2020
	$ 75,284 $ 384,402 December 31, 2020
	0.83%`～`9.25% 1.04%`～`2.00% 1.04%`～`1.16% 1.06%`～`1.25%

c. Material lease-in activities and terms

The Group leases buildings for use as factories, offices, dormitories and R&D centers with lease terms of 1 to 14 years.. The Group has options to lease office at the end of the lease terms.

d. Other lease information

Lease arrangements under operating leases for leasing out of investment properties are set out in Note 17. For details of lease information, please refer to the following table (the Group as lessee).

Group as lessee).
Expenses relating to short-term leases Expenses relating to low-value asset leases	For the Year Ended December 31, 2021 $ 67,824 $ 884	For the Year Ended December 31, 2020
			$ 50,200 $ 1,301

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For the Year Ended For the Year Ended December 31, 2021 December 31, 2020

Expenses relating to variable lease payments not included in the measurement of lease liabilities Total cash (outflow) for leases (	$ 41,990 $ 187,757) (	$ 37,265 $ 164,728)

The Group leases certain buildings, cars and low-value assets which qualify as short-term leases. The Group has elected to apply the recognition exemption and thus, did not recognize right-of-use assets and lease liabilities for these leases.

17. INVESTMENT PROPERTIES

INVESTMENT PROPERTIES
Completed investment properties Land Buildings Right-of-use assets Land Cost Balance as of January 1, 2021 $ 204,695 Additions 3,298 Net foreign currency exchange differences - Balance as of December 31, 2021 $ 207,993 Accumulated depreciation and impairment Balance as of January 1, 2021 $ 3,969 Depreciation expense - Net foreign currency exchange differences - Balance as of December 31, 2021 $ 3,969 Net on December 31, 2021 $ 204,024 Cost Balance as of January 1, 2020 $ 119,022 Additions 85,673 Rerecognized as property, plant and equipment (Note 15) - Rerecognized as right-of-use assets - Net foreign currency exchange differences - Balance as of December 31, 2020 $ 204,695	December 31, 2021 December 31, 2020 $ 204,024 $ 200,726 357,945 384,483 149,376 168,011 $ 711,345 $ 753,220 Buildings Right-of-use assets Total $ 736,810 $ 203,817 $ 1,145,322 - - 3,298 ( 4,133) ( 513) ( 4,646) $ 732,677 $ 203,304 $ 1,143,974 $ 352,327 $ 35,806 $ 392,102 24,600 18,157 42,757 ( 2,195) ( 35) ( 2,230) $ 374,732 $ 53,928 $ 432,629 $ 357,945 $ 149,376 $ 711,345 $ 738,314 $ 205,110 $ 1,062,446 - - 85,673 ( 1,752 ) - ( 1,752 ) - ( 1,293 ) ( 1,293 ) 248 - 248 $ 736,810 $ 203,817 $ 1,145,322			December 31, 2020
		$ 204,024 357,945 149,376			$		200,726 384,483 168,011 753,220 Total
		$ 711,345			$

			$ 203,817 - ( 513) $ 203,304 $ 35,806 18,157 ( 35) $ 53,928 $ 149,376 $ 205,110 - - ( 1,293 ) - $ 203,817			$ 1,145,322 3,298 ( 4,646) $ 1,143,974 $ 392,102 42,757 ( 2,230) $ 432,629 $ 711,345 $ 1,062,446 85,673 ( 1,752 ) ( 1,293 ) 248 $ 1,145,322

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Accumulated depreciation and impairment Balance as of January 1, 2020 Depreciation expense Rerecognized as property, plant and equipment (Note 15) Rerecognized as right-of-use assets Net foreign currency exchange differences Balance as of December 31, 2020 Net on December 31, 2020		Land $ 3,969 - - - - $ 3,969 $ 200,726	Buildings $ 326,570 24,735 ( 717 ) - 1,739 $ 352,327 $ 384,483	Right-of-use assets $ 18,199 17,842 - ( 347 ) 112 $ 35,806 $ 168,011	Total
					$ 348,738 42,577 ( 717 ) ( 347 ) 1,851 $ 392,102 $ 753,220

Right-of-use assets included in investment properties are units

of office space located in Taipei and subleased under operating leases to other companies. The investment properties were leased out for 1 to 8 years, with an option to extend. The lease contracts contain market review clauses in the event that the lessees exercise their options to extend.

Except for the recognition of depreciation expense, there is no significant addition, disposal or impairment of the investment properties of the Group for the years ended December 31, 2021 and 2020.

Total rents receivable of investment properties under operating lease as of December 31, 2021 and 2020 are as follows:

and 2020 are as follows:
Year 1 Year 2 Year 3 Year 4 Year 5 More than 5 years	December 31, 2021 $ 53,620 46,713 37,577 17,734 10,776 26,940 $ 193,360	December 31, 2020
			$ 68,752 50,357 40,458 25,068 13,340 23,178 $ 221,153

The above items of investment properties are depreciated on a straight-line basis over their estimated useful lives as follows:

estimated useful lives as follows:
Buildings	5-50	years
Right-of-use assets	5-50	years

Part of the Group's investment properties is located in the Toufen and Linyuan Industrial District. As these districts are designated for industrial use, the information on comparable market transactions are uncommon and alternative reliable measurements of the fair value estimates

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are not available. Hence, the Group determined that the fair value of these investment properties cannot be reliably determined. The fair values of the remaining investment properties were not assessed by independent appraisers; instead, they were arrived at by using the valuation model that most market participants would use in determining fair value by using Level 3 inputs, with reference to the transaction prices of similar properties in the vicinity. The fair value of rightof-use assets was determined by adding back the amount of related lease liabilities recognized to the net amount of the expected lease income after deducting all the expected payments. The fair values of investment properties as of December 31, 2021 and 2020 were as follows:

Fair Value

December 31, 2021 December 31, 2020 $1,556,205 $1,540,756

The investment properties pledged as collateral for bank borrowings are set out in Note 37.

18. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill a. Other intangible assets b. Technology royalties and patent right Computer software Plant design fee Field project	December 31, 2021 $ 270,211 $ 933 7,134 3,601 32,315 $ 43,983	December 31, 2020	December 31, 2020
			$ 269,026 $ 1,863 8,944 - - $ 10,807

a. Goodwill

Goodwill
Balance as of January 1, 2021 Acquisition by combination Balance as of December 31, 2021	For the Year Ended December 31, 2021 $ 269,026 1,185 $ 270,211	For the Year Ended December 31, 2020
			$ 269,026 - $ 269,026

In response to the government's policy on green power, the Company acquired 100% equity from the non-related party, USIGE, on July 5, 2021. The premium of the investment cost and acquired net equity value has been classified as the field project into intangible assets of NT$33,144 thousand and goodwill of NT$1,185 thousand according to the acquisition price apportion evaluation analysis report. Please refer to Note 32 for details.

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b. Other intangible assets

Other intangible assets
Cost Balance as of January 1, 2021 Separate acquisition Acquisition by business combination (Note 32) Disposal Net foreign currency exchange differences Balance as of December 31, 2021 Accumulated amortization and impairment Balance as of January 1, 2021 Amortization expense Disposal Net foreign currency exchange differences Balance as of December 31, 2021 Net on December 31, 2021 Cost Balance as of January 1, 2020 Separate acquisition Net foreign currency exchange differences Balance as of December 31, 2020 Accumulated amortization and impairment Balance as of January 1, 2020 Amortization expense Net foreign currency exchange differences Balance as of December 31, 2020 Net on December 31, 2020		Technology royalties and patentright $ 227,484 - - - - $ 227,484 $ 225,621 930 - - $ 226,551 $ 933 $ 227,484 - - $ 227,484 $ 220,375 5,246 - $ 225,621 $ 1,863	Computer software $ 100,420 733 - ( 496 ) ( 43) $ 100,614 $ 91,476 2,508 ( 496 ) ( 8) $ 93,480 $ 7,134 $ 100,298 113 9 $ 100,420 $ 90,403 3,620 ( 2,547) $ 91,476 $ 8,944		Field project $ - - 33,144 - - $ 33,144 $ - 829 - - $ 829 $ 32,315 $ - - - $ - $ - - - $ - $ -		Others $ 29,000 5,201 - - - $ 34,201 $ 29,000 1,600 - - $ 30,600 $ 3,601 $ 29,000 - - $ 29,000 $ 29,000 - - $ 29,000 $ -	Total
								$ 356,904 5,934 33,144 ( 496 ) ( 43) $ 395,443 $ 346,097 5,867 ( 496 ) ( 8) $ 351,460 $ 43,983 $ 356,782 113 9 $ 356,904 $ 339,778 8,866 ( 2,547) $ 346,097 $ 10,807

Except for the recognition of amortization expenses and the field project classified as intangible asset according to the acquisition price apportion evaluation analysis report, there is no significant addition, disposal or impairment of other intangible assets of the Group for the year ended December 31, 2021 and 2020.

The above-mentioned intangible assets with limited service life are amortized on a straightline basis over their estimated useful lives as follows:

Technology royalties and patent
right	6 to 10 Years
Computer software	2 to 10 Years
Field project	20 years
Others	10 years

19. BORROWINGS

a. Short-term borrowings

December 31, 2021 December 31, 2020 Unsecured borrowings - Line of credit borrowings $ 2,498,041 $ 2,726,270

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Range of Interest Rates b. Short-term bills payable Commercial note payable Less: Unamortized discount on bills payable Range of Interest Rates c. Long-term borrowings Secured loans Credit borrowings Commercial note payable Unamortized discount on bills payable Sub-total Less: Maturity within one year Range of interest rates Secured loans Credit borrowings Commercial note payable	December 31, 2021 0.51%`～`1.90% December 31, 2021 $ 280,000 ( 365) $ 279,635 0.98%`～`1.018% December 31, 2021 $ 400,000 3,873,493 4,273,493 240,000 ( 253) 239,747 4,513,240 ( 59,917) $ 4,453,323 1.11% 0.30%`～`0.94% 0.97%`～`1.09%	December 31, 2020
		0.52%`～`2.89% December 31, 2020
		$ 657,000 ( 296) $ 656,704 0.53%`～`1.098% December 31, 2020
		$ 640,000 6,950,000 7,590,000 - - - 7,590,000 - $ 7,590,000 1.00%`～`1.11% 0.74%`～`1.04% -

USI entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to August 2024 with a total credit limit of NT$4,692,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, USI has not made any borrowing.

UPIIC entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to June 2024 with a total credit limit of NT$1,600,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, UPIIC had borrowed NT$500,000 thousand. CGPC entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to August, 2024 with a total credit limit of NT$800,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, CGPC has not made any borrowing.

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CGPCPOL entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to August 2023 with a total credit limit of NT$500,000 thousand, which is used cyclically during the validity period. As of March 31, 2021, CGPCPOL has not made any borrowing.

TVCM entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to May 2023 with a total credit limit NT$300,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, TVCM has not made any borrowing.

TTC entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to August 2024 with a total credit limit of NT$2,000,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, TTC had borrowed NT$300,000 thousand.

APC entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to December 2024 with a total credit limit of NT$6,050,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, APC had borrowed NT$1,000,000 thousand. ACME entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to March 2026 with a total credit limit of NT$400,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, ACME had borrowed all.

SPC entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to August, 2024 with a total credit limit of NT$1,300,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, SPC had borrowed NT$730,000 thousand. USIGE entered into medium- and long-term credit contracts with banks to replenish the medium- and long-term working capital. The contract will be effective up to December, 2024 with a total credit limit of NT$200,000 thousand, which is used cyclically during the validity period. As of December 31, 2021, USIGE has not made any borrowing.

According to the loan contracts of part of subsidiaries, the current ratio, bank loan ratio, debt ratio, and interest protection multiples should not be less than the specified percentage. The subsidiaries should provide improvements to the bank if the requirements were not met. As of December 31, 2021, the subsidiaries did not violate the requirements.

The Group has acquired a special low-interest bank loan line of NT$5,404,400 thousand in accordance with the "Action Plan for Accelerated Investment by Domestic Corporations" and "Action Plan for Accelerated Investment by SMEs", and has used NT$1,368,000

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thousand in December 2021, recognized and measured the loan at the market interest rate of 0.8%~1.0%. The difference between the market interest rate and the actual preferential repayment rate of 0.1%~0.3% is recognized as government subsidy.

20. BONDS PAYABLE

BONDS PAYABLE
Domestic unsecured bonds 104-1 - issuance on February 12, 2015, 7 years, total amount NT$1,000,000 thousand, coupon rate 1.90%, bullet repayment Domestic unsecured bonds 105-1 - issuance on October 28, 2016, 5 years, total amount NT$2,000,000 thousand, coupon rate 0.80%, bullet repayment Domestic unsecured bonds 106-1 - issuance on October 27, 2017, 5 years, total amount NT$2,000,000 thousand, coupon rate 1.10%, bullet repayment Domestic unsecured bonds 108-1 - issuance on April 26, 2019, 5 years, total amount NT$2,000,000 thousand, coupon rate 0.98%, bullet repayment Domestic unsecured bonds 110-1 - issuance on June 23 2021, 5 years, total amount NT$1,000,000 thousand, coupon rate 0.63%, bullet repayment, repaid NT$500,000 in the 4th and 5th years respectively from the issuance date Domestic unsecured bonds 110-1- issuance on June 23 2021, 7 years, total amount NT$1,000,000 thousand, coupon rate 0.73%, bullet repayment, repaid NT$500,000 in the 6th and 7th years respectively from the issuance date Domestic unsecured bonds 110-2 - issuance on October 26, 2021, 5 years, total amount NT$700,000 thousand, coupon rate 0.63%, repaid NT$350,000 thousand in the 4th and 5th years respectively from the issuance date Domestic unsecured bonds 110-2 - issuance on October 26, 2021, 7 years, total amount NT$1,300,000 thousand, coupon rate 0.77%, repaid NT$650,000 thousand in the 6th and 7th years respectively from the issuance date Discounts on bonds payable Less: Portion due within one year	December 31, 2021 $ 1,000,000 - 2,000,000 2,000,000 1,000,000 1,000,000 700,000 1,300,000 9,000,000 ( 11,028) 8,988,972 (2,999,199) $ 5,989,773	December 31, 2020
	( (	( (	$ 1,000,000 2,000,000 2,000,000 2,000,000 - - - - 7,000,000 5,698) 6,994,302 1,999,233) $ 4,995,069

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In December 2014, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2015 with the amount of NT$2,000,000 thousand in order to reimburse the due bonds and to increase working capital. The unsecured ordinary corporate bonds with a 5-7-year maturity, due for repayment, were all issued in February 2015. The Company repaid NT$1,000,000 thousand due in February 2020.

In October 2016, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2016 with the amount of NT$2,000,000 thousand in order to reimburse the bank loans, and the unsecured ordinary corporate bonds with a 5-year maturity, due for repayment, were all issued in October 2016. The Company repaid due in October 2021.

In October 2017, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2017 with the amount of NT$2,000,000 thousand in order to reimburse the bank loans, and the unsecured ordinary corporate bonds with a 5-year maturity, due for repayment, were all issued in October 2017.

In April 2019, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2019 with the amount of NT$2,000,000 thousand in order to reimburse the bank loans, and the unsecured ordinary corporate bonds with a 5-year maturity, due for repayment, were all issued in April 2019.

In June 2021, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2021 with the amount of NT$2,000,000 thousand in order to reimburse the bank loans, and the unsecured ordinary corporate bonds with a 5-to-7-year maturity, due for repayment, were all issued in June 2021.

In October 2021, the Company applied for the second issuance of unsecured ordinary corporate bonds issued in 2021 with the amount of NT$2,000,000 thousand in order to reimburse the bank loans, and the unsecured ordinary corporate bonds with a 5-to-7-year maturity, due for repayment, were all issued in October 2021.

In March 2022, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2022 with the amount of NT$2,000,000 thousand in order to reimburse the bank loans as approved by resolution of the board of directors, which are expected to be issued before the end of 2022.

21. ACCOUNTS PAYABLE

ACCOUNTS PAYABLE
Operating Accounts payable	December 31, 2021 $ 3,528,998	December 31, 2020
			$ 3,406,837

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The average credit period of the Group is between 1 and 3 months. The Group has financial risk management policies to ensure that all payables are paid within the credit terms.

22. Other liabilities

Other liabilities
Current Other payables Payables for salaries and bonuses Payables for purchases of equipment Payables for fares Payables for utilities and fuel fees Payables for interests Payable for taxes Payables for insurance Dividends payable Others Other liabilities Refund liabilities	December 31, 2021 $ 1,385,691 293,455 251,643 241,903 45,605 36,317 34,394 20,551 585,259 2,894,818 28,630 $ 2,923,448	December 31, 2020
			$ 1,112,278 104,811 234,530 246,183 41,056 68,251 27,262 71,694 310,468 2,216,533 16,390 $ 2,232,923

The provision for customer returns and rebates is based on historical experience, management's judgments and other known reasons for which estimated product returns and rebates may occur in the reporting period. The provision is recognized as a reduction of operating income in the periods in which the related goods are sold.

23. PROVISIONS FOR LIABILITIES

PROVISIONS FOR LIABILITIES
Non-current Litigation provision	December 31, 2021 $ 136,375	December 31, 2020
			$ 136,375

Litigation provision is a result of the first-instance judgment and reconciliation of the Kaohsiung gas explosion case on July 31, 2014 for which cash outflows may be recognized in the near future. Please refer to Note 38 for the explanation related to the provision.

RETIREMENT BENEFIT PLANS

a. Defined contribution plans

The pension system in the "Labor Pension Act" that the Company and domestic subsidiary apply to is a defined appropriation plan managed by government, where 6% of monthly salary is appropriated to personal account in the Labor Insurance Bureau. Besides, foreign subsidiary's formulated employee pension method pursuant to local competent authority is also the same one.

b. Defined benefit plans
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The pension system in the "Labor Standards Act" that the Company and domestic subsidiary apply to is a defined benefit plan, where it is paid based on average salary of 6 months prior to the approved retirement day and seniority. The Company appropriates pension to employee based on 9% of monthly salary (the appropriation rate raised to 12% since November 10, 2016), and subsidiaries appropriate pension based on specified percentage of total monthly employee salary (TTC and CGTD 12%; APC, CGPC and VCM 10%, SPC 3.5%; ACME, USIFE Investment Co., Ltd., USI MANAGEMENT CONSULTING CORPORATION and TUVM all 2%) for Labor Pension Reserve Supervision Committee's deposit to specific account in Bank of Taiwan on its name. This specific account is consigned for management under Bureau of Labor Funds (MOL) and the Group has no right of affecting its investment and management strategy.

The amounts of defined benefit plans included in the consolidated balance sheet are as follows:

follows:
Present value of defined benefit obligation Fair value of plan assets Net defined benefit liabilities - non- current	December 31, 2021 ( $ 3,146,524 ) 1,995,515 ($ 1,151,009)	December 31, 2020
		( $ 3,415,069 ) 2,123,016 ($ 1,292,053)

Change in net defined benefits liabilities - non-current:

January 1, 2020 Service cost - current period Service cost - previous period Interest revenue (expense) Remeasurements recognized as profit and loss Return on plan assets (excluding amounts included in net interest) Actuarial losses recognized from changes in demographic assumptions Actuarial losses recognized from changes in financial assumptions Actuarial gains recognized from experience adjustments Amounts recognized in other comprehensive income Contributions from employer Benefits paid Payment for provisions December 31, 2020	Present value of defined benefit obligation ($ 3,674,355) ( 30,744 ) ( 1,672 ) ( 22,754) ( 55,170) - ( 21 ) ( 63,814 ) 6,128 ( 57,707) - 353,488 18,675 ($ 3,415,069)	Fair value of plan assets $ 2,200,488 - - 14,035 14,035 76,957 - - - 76,957 185,024 ( 353,488 ) - $ 2,123,016	Net defined benefit liabilities ($ 1,473,867) ( 30,744 ) ( 1,672 ) ( 8,719) ( 41,135) 76,957 ( 21 ) ( 63,814 ) 6,128 19,250 185,024 - 18,675 ($ 1,292,053)	Net defined benefit liabilities

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January 1, 2021 Service cost - current period Service cost - previous period Interest revenue (expense) Remeasurements recognized as profit and loss Return on plan assets (excluding amounts included in net interest) Actuarial losses recognized from changes in demographic assumptions Actuarial losses recognized from changes in financial assumptions Actuarial gains recognized from experience adjustments Amounts recognized in other comprehensive income Contributions from employer Benefits paid Payment for provisions December 31, 2021	Present value of defined benefit obligation ($ 3,415,069) ( 27,258 ) - ( 12,980) ( 40,238) - ( 74,361 ) 22,732 11,055 ( 40,574) - 320,891 28,466 ($ 3,146,524)	Fair value of plan assets $ 2,123,016 - - 8,288 8,288 30,795 - - - 30,795 154,307 ( 320,891 ) - $ 1,995,515		Net defined benefit liabilities
			($ 1,292,053) ( 27,258 ) - ( 4,692) ( 31,950) 30,795 ( 74,361 ) 22,732 11,055 ( 9,779) 154,307 - 28,466 ($ 1,151,009)

The Group's pension system from the "Labor Standards Act" is exposed in the following risks:

1) Investment risk: MOL utilizes or consigns operation to invest the labor pension fund in targets including but not limited to domestic (overseas) equity security, debt security and bank deposits, only that such allocable assets of the Group shall be no less than those calculated with 2-year time deposit interest amid local banks to gain.
2) Interest risk: Decline of government bond interest increases latest benefit obligation value, and same does planned assets' return of debt investment; both can write off the effect by its debt partially.
3) Salary risk: Present value of defined benefit obligations is calculated from future salary of member participants; therefore, it will increase with their salary.

The present value of the defined benefit obligation of the Group was calculated by the independent actuary and material assumptions on the measurement date were as follows:

Discount rate Expected rates of salary increase	December 31, 2021 0.375%`～`0.50% 2.00%`～`2.75%	December 31, 2020
		0.375%`～`0.50% 2.00%`～`2.75%

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If reasonably possible changes of the respective significant actuarial assumptions occur, while holding all other assumptions constant, the present value of the defined benefit obligation would increase (decrease) as follows:

Discount rate 0.25% increase 0.25% decrease Expected rates of salary increase 0.25% increase 0.25% decrease	December 31, 2021 ($ 56,142) $ 57,834 $ 55,778 ($ 54,439)	December 31, 2020	December 31, 2020
	( (	( (	$ 63,814) $ 65,798 $ 63,387 $ 61,813)

The sensitivity analysis presented above may not be representative of the actual change in the present value of the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

correlated.
The expected contributions to the plan for the next year The average duration of the defined benefit obligation	December 31, 2021 $ 137,236 6~12 years	December 31, 2020
			$ 190,626 7~13 years

25. Government subsidy

a. Acme Electronics Corporation (Kunshan) reached an agreement with Kunshan Zhoushizhen People's Government in 2006 in which Acme Electronics Corporation (Kunshan) promised to relocate its new plant and raise its investment amount. Furthermore, Kunshan Zhoushizhen People's Government subsidized Acme Electronics Corporation (Kunshan)'s acquisition of the land for its new plant and the external line project for high voltage power during the relocation process. As of December 31, 2021 and 2020 the amounts of deferred income (booked under other current liabilities) that had not been amortized were RMB7,833 thousand (NT$34,005 thousand), and RMB8,363 thousand (NT$36,502 thousand) respectively.
b. Affected by the global pandemic of COVID-19, the Group has applied to the government for subsidies for items such as salary and operating capital. As of December 31, 2020, NT$8,367 thousand has been obtained and accounted as operating expenses and other incomes. In addition, in accordance with the policy of the local government in China, ACME (KS), ACME (GZ) and TAITA (CS) have gained exemption from the pension, unemployment and work-related injury insurances borne by the company from February
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to December 2020, and ACME (KS) and ACME (GZ) have gained preferential electricity fee reduction, exemption, and subsidies due to good pandemic containment.

The Group has incorporated the economic impact caused by the pandemic into its major accounting estimates based on the information available on the balance sheet date.

26. Equity

Equity
Share capital Capital surplus Retained Earnings Other Equity Treasury shares Non-controlling Interests	December 31, 2021 $ 11,887,635 366,185 13,599,427 84,358 ( 475,606 ) 30,182,962 $ 55,644,961	December 31, 2020
		$ 11,887,635 321,798 9,497,146 ( 240,195 ) ( 475,606 ) 27,732,865 $ 48,723,643

a. Share capital

Share capital
Number of shares authorized (in thousands) Share capital authorized Number of shares issued and fully paid (in thousands) Share capital issued	December 31, 2021 1,342,602 $ 13,426,024 1,188,763 $ 11,887,635	December 31, 2020
			1,342,602 $ 13,426,024 1,188,763 $ 11,887,635

Fully paid ordinary shares, which have a par value of NT$10, carry one vote per share and carry a right to dividends.

b. Capital surplus

The capital surplus generated from donations and the excess of the issuance price over the par value of share capital (including the issuance of ordinary shares in excess of par value, the capital stock premium of shares issued due to merger, and treasury stock trading, etc) may be used to offset a deficit; in addition, when the Company has no deficit, such capital surplus may be distributed as cash dividends or share dividends up to a certain percentage of the Company's paid-in capital. The capital surplus arising from investments accounted for using the equity method and from dividends had not been received during the given period by stockholders are used to offset a deficit only.

c. Retained earnings and dividends policy

In accordance with the dividends policy as set forth in the Company's Articles of Incorporation, where the Company made a profit in a fiscal year, the profit after tax shall be first utilized for offsetting losses of previous years, setting aside as a legal reserve 10% of the remaining profit, setting aside or reversing a special reserve in accordance with the laws and regulations, and then any remaining profit together with any undistributed

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retained earnings shall be used by the Company's board of directors as the basis for proposing a distribution plan, which should be resolved in the shareholders' meeting for the distribution of dividends and bonuses to shareholders. For the policies on the distribution of employees' compensation and remuneration of directors after the amendment, please refer to "employees' compensation and remuneration of directors" in Note 28 (7).

The industry that the Company operates in is in the maturity stage. Consequently, in order to take R&D needs and diversification into consideration, shareholders' dividends shall be no less than 10% of the distributable earnings in the current year, of which the cash dividends not be no less than 10% of the total dividends. However, if the distributable earnings of the year are less than NT$0.1 per share, it shall not be distributed.

The appropriation of earnings to the legal reserve shall be made until the legal reserve equals the Company's paid-in capital. The legal reserve may be used to offset deficits. If the Company has no deficit and the legal reserve has exceeded 25% of the Company's paidin capital, the excess may be transferred to capital or distributed in cash.

The appropriations of earnings for the years ended December 31, 2020 and 2019 as approved in the shareholders' meetings on July 26, 2021 and June 12, 2020, respectively, were as follows:

were as follows:
Legal reserve Special reserve (reversed) Cash dividends	Appropriation of Earnings For the Year Ended December 31, 2020 For the year ended December 31, 2019 $ 233,461 $ 129,872 ( 405,932 ) 350,533 1,188,763 594,382 $ 1,016,292 $ 1,074,787	Dividends Per Share (NT$)
	For the Year Ended December 31, 2020 $ 233,461 ( 405,932 ) 1,188,763 $ 1,016,292	For the year ended December 31, 2020 $ 1.0	For the year ended December 31, 2019
			$ 0.5

The appropriations of earnings for the year ended December 31, 2021 had been proposed by the Company's Board of Directors on March 10, 2022. The appropriations were as follows:

follows:
Legal reserve Cash dividends	Appropriation of Earnings $ 529,104 2,615,280 $ 3,144,384	Dividends Per Share (NT$)
		$ 2.2

The appropriations of earnings for the year ended December 31, 2021 are subject to the resolution of the shareholders' meeting planned to be held on May 31, 2022.

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d. Other equity

1) Exchange differences on translating the financial statements of foreign operations

For the Year Ended December 31, 2021 Balance at January 1 ( $ 583,855 ) Recognized during the period Exchange differences on translating the financial statements of foreign operations ( 159,894 ) Related income tax of the profits and losses on translating the financial statements of foreign operations 32,776 Disposal of subsidiaries' equity - Balance at December 31 ($ 710,973) 2) Unrealized gain (loss) on financial assets at FVTOCI For the Year Ended December 31, 2021 Balance at January 1 $ 343,660 Recognized during the period Unrealized gains (losses) Equity instruments 553,050 Related income tax ( 925 ) Cumulative unrealized gain (loss) of equity instruments transferred to retained earnings due to disposals (100,454) Balance at December 31 $ 795,331 e. Non-controlling Interests For the Year Ended December 31, 2021 Balance at January 1 $ 27,732,865 Cash dividends distributed by subsidiaries ( 1,714,633 ) Net profit from continuing operations 4,888,057 Other comprehensive income Exchange differences on translating the financial statements of foreign operations ( 177,334 ) Income tax relating to exchange difference on translating foreign operations 21,486 Unrealized gain (loss) on financial assets at FVTOCI ( 445,863 )	For the year ended December 31, 2020
	( $ 602,871 ) 24,165 ( 4,919 ) ( 230) ($ 583,855) For the Year Ended December 31, 2020
	( $ 178,187 ) 444,886 ( 1,117 ) 78,078 $ 343,660 For the Year Ended December 31, 2020
	$ 20,517,444 ( 519,048 ) 3,272,859 142,313 ( 8,019 ) ( 94,467 )

69 -

For the Year Ended For the Year Ended December 31, 2021 December 31, 2020

Income tax relating to unrealized
gain (loss) on financial assets at
FVTOCI	(	1,934 )	(	2,337 )
Remeasurement of defined benefit
plans	(	8,959 )		15,846
Income tax relating to re-
measurements in defined benefits
plan		1,152	(	2,238 )
Adjustments relating to changes
accounted for using the equity
method		2,586	(	28,871 )
Disposal of subsidiaries' equity		-	(	85 )
Change in non-controlling interests	(	114,461)		4,439,468
Balance at December 31		$ 30,182,962		$ 27,732,865

f. Treasury shares

Treasury shares
Purpose of Buy-Back For the Year Ended December 31, 2021 Transfer from shares held by subsidiaries under equity method For the Year Ended December 31, 2020 Transfer from shares held by subsidiaries under equity method	Number of Shares at January 1 (In Thousands of Shares) 116,466 116,466	Increase During the Year Ended - -	Decrease During the Year Ended - -	Number of Shares at December 31 (In Thousands of Shares)
					116,466 116,466

The Company's shares held by its subsidiaries at the balance sheet date were as follows:

Name of Subsidiary December 31, 2021 APC TTC December 31, 2020 APC TTC	Number of Shares Held (In Thousands of Shares) 101,356 15,110 101,356 15,110	Carrying Amount (In Thousands of Shares) $ 1,377,381 81,875 $ 1,459,256 $ 1,377,381 81,875 $ 1,459,256	Market Price (In Thousands of Shares)	Market Price (In Thousands of Shares)
				$ 3,197,772 476,717 $ 3,674,489 $ 2,290,638 341,484 $ 2,632,122

70 -

The Company's shares held by subsidiaries are regarded as treasury shares. Investments accounted for using the equity method are reclassified as treasury shares.

The Company's shares held by APC and TTC were carried as unrealized gain (loss) on financial assets at FVTOCI and valued at the closing price of December 31, 2021 and 2020. The carrying amounts of investments accounted for using the equity method and the gain on financial assets at FVTOCI were NT$733,685 thousand and NT$390,637 thousand, respectively.

27. REVENUE

REVENUE
	For the Year Ended	For the Year Ended
	December 31, 2021	December 31, 2020
Revenue from the sale of goods
Plastic raw materials	$ 68,149,586	$ 47,540,059
Electronic Materials	3,018,410	2,141,880
Others	587,546	519,334
Total	$ 71,755,542	$ 50,201,273
Product sales revenue of the Group mainly comes from selling polyethylene plastic and other

a. Contract balances

Contract balances
Notes and accounts receivables (Note 10) Contract liabilities (presented in other current liabilities) Merchandise sales		December 31, 2021 $ 9,391,222 $ 363,049		December 31, 2020 $ 7,481,916 $ 212,751	January 1, 2020
						$ 7,045,512 $ 151,664

b. Please refer to Note 42 for revenue breakdown list.

28. NET PROFIT FROM CONTINUING OPERATIONS

Net profit from continuing operations was attributable to:

a. Interest income

Interest income
Cash and cash equivalents Beneficiary securities Financial assets measured at amortized cost Others	For the Year Ended December 31, 2021 $ 73,218 4,221 1,839 323 $ 79,601	For the Year Ended December 31, 2020
			$ 95,835 5,042 1,739 193 $ 102,809

b. Other income

Other income
Dividend income Rental income	For the Year Ended December 31, 2021 $ 390,903 156,014	For the Year Ended December 31, 2020
		$ 186,949 83,658

71 -

For the Year Ended December 31, 2021 42,221 19,064 15,369 3,816 $ 627,387 For the Year Ended December 31, 2021 ( $ 64,669 ) 641 ( 93,530 ) 384,009 ( 47,605 ) ( 46,129 ) 660 ( 75,749) $ 57,628 For the Year Ended December 31, 2021 $ 75,987 86,901 226 6,710 ( 2,727) $ 167,097	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
	36,647 32,729 6,021 57,488 $ 403,492 For the Year Ended December 31, 2020
	( $ 37,249 ) ( 1,660 ) ( 141,771 ) 398,104 ( 21,247 ) ( 70,459 ) - ( 8,765) $ 116,953 For the Year Ended December 31, 2020
(	(	$ 136,072 80,898 65 7,303 2,648) $ 221,690

c. Other gains and losses

d. Finance costs

Information about capitalized interest is as follows:

For the Year Ended For the Year Ended December 31, 2021 December 31, 2020 Capitalized interest $ 2,727 $ 2,648 Capitalization rate 0.83% ～ 1.14% 0.66% ～ 1.25% Depreciation and amortization For the Year Ended For the Year Ended December 31, 2021 December 31, 2020 Property, plant and equipment $ 2,161,204 $ 2,170,362

e. Depreciation and amortization

72 -

Right-of-use assets Investment properties Intangible assets Others Summary of depreciation by function Operating costs Operating expenses Other gains and losses Summary of amortization by function Operating costs Marketing expenses Administrative expenses Research and development expenses	For the Year Ended December 31, 2021 68,185 42,757 5,867 57,907 $ 2,335,920 $ 2,065,525 160,492 46,129 $ 2,272,146 $ 52,722 14 4,872 6,166 $ 63,774	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
			66,458 42,577 8,866 64,938 $ 2,353,201 $ 2,087,923 121,015 70,459 $ 2,279,397 $ 62,660 457 5,074 5,613 $ 73,804

f. Employee benefits expense Post-employment benefits (Note 24) Defined contribution plans Defined benefit plans Other employee benefits Total employee benefits expenses Summary of employee benefits expense by function Operating costs Operating expenses	For the Year Ended December 31, 2021 $ 163,437 31,950 195,387 5,007,221 $ 5,202,608 $ 3,707,409 1,495,199 $ 5,202,608	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
			$ 108,274 41,135 149,409 4,403,559 $ 4,552,968 $ 3,177,791 1,375,177 $ 4,552,968

g. Employees' compensation and remuneration of directors

The Company accrued employees' compensation and remuneration of directors at the rate of no less than 1% and no higher than 1%, respectively, of net profit before income tax. The employees' compensation and remuneration of directors for the years ended December 31, 2021 and 2020 were resolved by the Company's board of directors on March 10, 2022 and March 8, 2021, respectively, as follows:

73 -

Accrual rates

Accrual rates
Employees' compensation Remuneration of directors Amount Employees' compensation Remuneration of directors	For the Year Ended December 31, 2021 1.00% 0.05% For the Year Ended December 31, 2021 $ 59,332 3,000	For the Year Ended December 31, 2020
		1.00% 0.12% For the Year Ended December 31, 2020
		$ 25,892 3,000

If there is a change in the amounts after the annual consolidated financial statements are authorized for issue, the differences are recorded as a change in the accounting estimate.

There was no difference between the actual amounts of remuneration of employees and directors paid and the amounts recognized in the consolidated financial statements for the years ended December 31, 2020 and 2019.

Information on the employees' compensation and remuneration of directors for the years ended December 31, 2021 and 2020 resolved by the Company's board of directors is available at the "Market Observation Post System" website of the Taiwan Stock Exchange.

h. Loss on foreign currency exchange

Loss on foreign currency exchange
Foreign exchange gains Foreign exchange losses Net loss	For the Year Ended December 31, 2021 $ 319,677 (413,207) ($ 93,530)	For the year ended December 31, 2020
	( (	( (	$ 207,515 349,286) $ 141,771)

29. INCOME TAX RELATING TO CONTINUING OPERATIONS

a. Income tax recognized in profit or loss

The major components of income tax expense were as follows:

Current tax In respect of the current year Surtax on undistributed earnings Adjustments for previous years Subsidiary repatriation of profits Change in tax rate Foreign tax credit Deferred tax In respect of the current year	For the Year Ended December 31, 2021 $ 2,673,697 109,744 ( 33,257 ) - - ( 35,531) 2,714,653 ( 42,869 )	For the Year Ended December 31, 2020
		$ 1,397,023 24,895 ( 48,698 ) 10,685 114 ( 17,736) 1,366,283 101,398

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For the Year Ended For the Year Ended December 31, 2021 December 31, 2020

The impact on income tax for the
deferred subsidiary repatriation
of profits		-	(	24,688 )
Adjustments for previous years		1,094	(	139 )
Others		113	(	2,496)
	(	41,662)		74,075
Income tax expense recognized in
profit or loss	$ 2,672,991			$ 1,440,358
The adjustment of accounting income and income tax expenses is as			follows:
	For the Year Ended		For	the Year Ended
	December 31, 2021		December 31, 2020
Net income before taxes from continuing
operations		$ 12,752,442	$ 7,122,995
Income tax expenses from net profit before
tax calculated by legal tax rate		$ 4,176,520	$ 2,636,280
Gains non-deductible on tax		667		5,464
Tax-free income	(	1,511,602 )	(	1,025,343 )
Surtax on undistributed earnings		109,744		24,895
Unrecognized loss dedution and deductible
temporary difference		7,521	(	104,437 )
Subsidiary repatriation of profits		-	(	14,003 )
The invested company's capital reduction
and liquidation loss	(	20,763 )	(	8,057 )
Change in tax rate		-		114
Adjustments of current income tax
expenses for prior year	(	32,163 )	(	48,837 )
Others	(	56,933)	(	25,718)
Income tax expense recognized in profit or
loss		$ 2,672,991	$ 1,440,358

The income tax rate of the Company and its domestic subsidiaries is 20%. The income tax rate of subsidiaries in China is 25%. The tax amount generate by other jurisdictions is calculated based on the applicable tax rate in each relevant jurisdictions.

b. Income tax recognized in other comprehensive income

Deferred tax In respect of the current year - Translation of foreign operations - Unrealized gain (loss) on financial assets at FVTOCI - Re-measurements of defined benefit plan Income tax benefits (expenses) recognized in other comprehensive income	For the Year Ended December 31, 2021 $ 54,262 ( 2,859 ) 1,168 $ 52,571	For the Year Ended December 31, 2020
		( $ 12,938 ) ( 3,454 ) ( 2,668) ($ 19,060)

75 -
c. Current income tax assets and liabilities

Current income tax assets and liabilities
Current income tax assets Tax refund receivable Current income tax liabilities Income tax payable	December 31, 2021 $ 8,931 $ 2,618,632	December 31, 2020 $ 29,231 $ 1,211,350

d. Deferred income tax assets and liabilities

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

For the Year Ended December 31, 2021

Deferred income tax assets Temporary difference Defined benefit retirement plan Investments accounted for using the equity method Allowance for inventory valuation and obsolescence losses Allowance for loss Unrealized sale profits Payable for annual leave Others Loss deduction Deferred income tax liabilities Temporary difference Investments accounted for using the equity method Book-tax differences of depreciation provision between new and old years Land revaluation surplus Others		Balance at January 1 $ 234,488 72,361 39,073 12,511 2,112 25,575 161,770 547,890 25,960 $ 573,850 $ 582,430 41,939 800,993 9,444 $ 1,434,806	Amounts recognized in profit or loss ( $ 21,428 ) 12,688 10,213 ( 1,232 ) 21,226 2,183 18,138 41,788 - $ 41,788 ( $ 1,849 ) 8,991 - ( 7,016) $ 126	Amounts recognized in other comprehensive income $ 1,168 2,216 - - - - 32,795 36,179 - $ 36,179 ( $ 19,251 ) - - 2,859 ($ 16,392)	Foreign currency exchange differences $ - - ( 40 ) ( 26 ) - - ( 183) ( 249 ) - ($ 249) $ - ( 618 ) - - ($ 618)	Balance at December 31	Balance at December 31
							$ 214,228 87,265 49,246 11,253 23,338 27,758 212,520 625,608 25,960 $ 651,568 $ 561,330 50,312 800,993 5,287 $ 1,417,922

For the Year Ended December 31, 2020

Deferred income tax assets Temporary difference Defined benefit retirement plan Investments accounted for using the equity method Allowance for inventory valuation and obsolescence losses Allowance for loss Unrealized sale profits	Balance at January 1 $ 267,288 73,424 44,160 12,714 2,896	Amounts recognized in profit or loss ( $ 30,132 ) ( 3,486 ) ( 5,090 ) ( 270 ) ( 784 )	Amounts recognized in other comprehensive income ( $ 2,668 ) 2,423 - - -	Foreign currency exchange differences $ - - 3 67 -	Balance at December 31
					$ 234,488 72,361 39,073 12,511 2,112

76 -

Payable for annual leave Others Loss deduction Deferred income tax liabilities Temporary difference Investments accounted for using the equity method Book-tax differences of depreciation provision between new and old years Land revaluation surplus Others		Balance at January1 25,327 190,012 615,821 27,894 $ 643,715 $ 556,381 44,719 800,993 $ 9,808 $ 1,411,901	Amounts recognized in profit or loss 249 ( 5,938) ( 45,451 ) ( 1,899) ($ 47,350) $ 32,891 ( 2,348 ) - ( $ 3,818) $ 26,725	Amounts recognized in other comprehensive income - ( 22,203) ( 22,448 ) - ($ 22,448) ( $ 6,842 ) - - $ 3,454 ($ 3,388)	Foreign currency exchange differences ( 1) ( 101) ( 32 ) ( 35) ($ 67) $ - ( 432 ) - $ - ($ 432)	Balance at December31	Balance at December31
							25,575 161,770 547,890 25,960 $ 573,850 $ 582,430 41,939 800,993 $ 9,444 $ 1,434,806

e. Items not recognized as deferred income tax assets

Loss deduction Deductible temporary differences Foreign investment loss in equity method Write-downs of inventories Book-tax differences of depreciation provision between new and old years Others	December 31, 2021 $ 3,623,868 $ 181,158 314,605 42,639 211,357 $ 749,759	December 31, 2020	December 31, 2020
			$ 3,851,844 $ 194,414 302,750 106,845 158,324 $ 762,333

f. Unused loss deduction

As of December 31, 2021, the Group's unused loss deductions, NT$3,753,604 thousand will due by 2031 one by one.

g. Accreditation of income tax

The income tax return of USIGE, INOIMA and USIO as of December 31, 2020 has been

assessed by the tax authorities; The income tax return of the Company, TTC, SPC, CGPCPOL, APC, APCI, TVCM, UM, USII, TUVC, TUVM, CLT, UPIIC, SPC, STC and CGTD as of December 31, 2019 has been assessed by the tax authorities; The income tax return of the Company and SPC, as of December 31, 2018 has been assessed by the tax authorities; the income tax return of ACME as of December 31, 2019, excluding the year 2018, has been assessed by the tax authorities.

77 -

30. EARNINGS PER SHARE

EARNINGS PER SHARE
Basic earnings per share Diluted earnings per share	For the Year Ended December 31, 2021 $ 4.84 $ 4.83	Unit: NT$ Per Share For the Year Ended December 31, 2020 $ 2.25 $ 2.24

Earnings per share and the weighted average number of ordinary shares used to calculate earnings per share are as follows:

Net profit from continuing operations

For the Year Ended For the Year Ended December 31, 2021 December 31, 2020 Net income attributable to owners of the Company (used to calculate the net income from basic and diluted earnings per share) $ 5,191,394 $ 2,409,778

Number of Shares

Number of Shares
Weighted average number of ordinary shares used in the computation of basic earnings per share Effect of potentially dilutive ordinary shares: Employees' compensation Weighted average number of ordinary shares used in the computation of diluted earnings per share	Unit: In For the Year Ended December 31, 2021 1,072,298 2,100 1,074,398	Thousands of Shares For the Year Ended December 31, 2020 1,072,298 1,376 1,073,674

If the Group offered to settle remuneration paid to employees in cash or shares, the Group assumed the entire amount of the remuneration would be settled in shares, and the resulting potential shares were included in the weighted average number of shares outstanding used in the computation of diluted earnings per share, as the effect is dilutive. Such dilutive effect of the potential shares is included in the computation of diluted earnings per share until the number of shares to be distributed to employees is resolved in the following year.

31. SHARE-BASED PAYMENT ARRANGEMENTS

USIO did not issue employee share options for the years ended December 31, 2021 and 2020. Information on employee share options which were issued was as follows:

78 -

For the Year Ended December 31, 2021 For the year ended December 31, 2020 Employee share options Unit Weighted average Exercise Price (NT$) Unit Weighted average Exercise Price (NT$) Options exercisable at the beginning and end of the period 133 $ 10.8 133 $ 10.8 As of the years ended December 31, 2021 and 2020, the information related to employee stock	For the year ended December 31, 2020	For the year ended December 31, 2020
		Weighted average Exercise Price (NT$)

options outstanding or USIO is as follows:

options outstanding or USIO is as follows:
December 31, 2021 Scope of Exercise Price (NT$) Weighted average contract term before expired (year) $ 10.8 0.4	December 31, 2020
Scope of Exercise Price (NT$) $ 10.8	Scope of Exercise Price (NT$) $ 10.8	Weighted average contract term before expired (year)
		1.4

Business Combination (For the Year Ended December 31, 2020: None)
a. Acquisition of subsidiaries

USI Green Energy Corporation	Main operating activities Solar power generation business	Acquisition date July 5, 2021	Voting ownership interest/Acquisition proportion (%)	Transfer consideration $ 34,092	Transfer consideration $ 34,092
			100%		$ 34,092

The Company acquired USIGE in July 2021 in response to the government's policy on green power.

b. Transfer consideration

Transfer consideration
Cash		USIGE
		$ 34,092

c. Assets acquired and liabilities assumed on the acquisition date

Assets acquired and liabilities assumed on the acquisition date
Current assets Cash and cash equivalents Prepayments Non-current assets Property, plant and equipment Intangible assets Current liabilities Other payables		USIGE
	(	$ 36 654 13,073 33,144 14,000) $ 32,907

79 -
d. Goodwill generated from the acquisition

Goodwill generated from the acquisition
Transfer consideration Less: fair value of identifiable net assets acquired Goodwill generated from the acquisition		USIGE
	(	$ 34,092 32,907) $ 1,185

The goodwill generated from the acquisition of USIGE mainly comes from the control premium. In addition, the consideration paid for the combination includes the expected combination synergies, revenue growth and future market development. However, such benefits do not meet the requirements for recognition of identifiable intangible assets, thus they are not recognized separately.

The goodwill generated from the acquisition is not expected to be tax deductible.

e. Net cash outflows from acquisition of subsidiaries

Net cash outflows from acquisition of subsidiaries
Consideration paid in cash Less: balance of cash and cash equivalent acquired		USIGE
	(	$ 34,092 36) $ 34,056

f. The impact of business combination on operating results

As of the acquisition date, the operating results of the acquired company are as follows:

Revenue Profit for the current period		USIGE
		$ 6,373 $ 3,801

If the acquisition of USIGE in July 2021 took place on January 1, 2021, the proposed operating revenues and net profit of the Group for the year ended December 31, 2021 were NT$71,755,542 thousand and NT$10,079,227 thousand, respectively. These amounts do not reflect the actual revenues and operating results of the Group that would have been generated had the combination been completed on the commencement date of the year of acquisition and shall not be used as a projection of future operating results.

33. Cash flow information

a. Non-cash transactions

In the year 2021 and 2020, the Group entered into the following non-cash investing and financing activities:

1) As of December 31, 2021 and 2020, the amounts of payables for purchases of equipment were NT$293,455 thousand and NT$104,811 thousand, respectively.
2) As of December 31, 2021 and 2020, the amounts of payables for dividends declared but not issued were NT$20,551 thousand and NT$71,694 thousand, respectively.

3)

80 -

b. Changes in liabilities arising from financing activities

January1,2021	January1,2021		Cash flow		N	on-cashChanges				Others	December 31, 2021
				NewLeases		Amortization of Finance Costs	Changes in Foreign Currency ExchangeRates
$ 2,726,270 656,704 6,994,302 7,590,000 23,342 459,686 41,000 $ 18,491,304 January1,2020		( ( ( ( ( (	$ 228,229 ) 377,000 ) 1,991,268 3,052,000 ) 6,186 70,349 ) 1,670) $ 1,731,794) Cash flow	$ - - - - - 78,710 - $ 78,710	N	$ - - 3,402 - - 6,710 - $ 10,112 on-cash Changes	( (	$ - - - - - 574 ) $ 574)	( ( ( (	$ - 69 ) - 24,760 ) - 13,616 ) 25,913 $ 12,532) Others	$ 2,498,041 279,635 8,988,972 4,513,240 29,528 460,567 65,243 $ 16,835,226 December 31, 2020
				NewLeases		Amortization of Finance Costs	Changes in Foreign Currency ExchangeRates
	$ 4,258,980 1,352,810 7,991,283 9,492,970 27,475 552,778 41,778 $ 23,718,074	( ( ( ( ( ( ( (	$ 1,532,710 ) 696,000 ) 1,000,000 ) 1,903,200 ) 4,133 ) 68,659 ) 778) $ 5,205,480)	$ - - - - - 3,265 - $ 3,265		$ - - 3,019 230 - 7,303 - $ 10,552	( (	$ - - - - - 27,480 ) - $ 27,480)	( ( (	$ - 106 ) - - - 7,521 ) - $ 7,627)	$ 2,726,270 656,704 6,994,302 7,590,000 23,342 459,686 41,000 $ 18,491,304

34. CAPITAL MANAGEMENT

The Group manages its capital to ensure that entities in the Group will be able to continue as going concern while maximizing the return to stakeholders through the optimization of the debt and equity balance. The Group's overall management strategy remains unchanged from the past year. The capital structure of the Group consists of its net debt and equity.

Key management personnel of the Group review the capital structure periodically.

As part of this review, the key management personnel consider the cost of capital and the risks associated with each class of capital. Based on recommendations of the key management personnel, in order to balance the overall capital structure, the Group may adjust the amount of dividends paid to shareholders, and the amount of new debt issued or existing debt redeemed.

35. FINANCIAL INSTRUMENTS

a. Fair value of financial instruments not measured at fair value December 31, 2021

December 31, 2021
Financial liabilities Financial liabilities at amortized cost - Domestic corporate bonds December 31, 2020 Financial liabilities Financial liabilities at amortized cost - Domestic corporate bonds	Carrying Amount $ 8,988,972 Carrying Amount $ 6,994,302		Fair Value
		Level 1 $ -	Level 2 Level 3 $ 9,012,663 $ - Fair Value		Total
					$ 9,012,663
		Level 1 $ -	Level 2 $ 7,029,198	Level 3 $ -	Total
					$ 7,029,198

December 31, 2020

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Expect for the above, the management of the Group considers that the carrying amounts of financial assets and financial liabilities recognized in the consolidated financial statements approximate their fair values. Otherwise, the fair values cannot be reliably measured.

b. Fair value of financial instruments measured at fair value on a recurring basis
1) Fair value hierarchy

December 31, 2021

December 31, 2021
Financial assets at FVTPL Derivatives Domestic listed (OTC) shares Fund beneficiary certificates Beneficiary securities Foreign listed stocks Total Financial assets at FVTOCI Investments in equity instruments - Domestic listed (OTC) shares - Domestic emerging stocks - Domestic unlisted shares and emerging market shares - Foreign listed (OTC) shares `－` Overseas unlisted equity investments Total Financial liabilities at FVTPL Derivatives December 31, 2020 Financial assets at FVTPL Derivatives Domestic listed (OTC) shares Fund beneficiary certificates Beneficiary securities Foreign listed stocks Total Financial assets at FVTOCI Investments in equity instruments - Domestic listed (OTC) shares - Domestic emerging stocks - Domestic unlisted shares and emerging market shares - Foreign listed (OTC) shares `－` Overseas unlisted equity investments Total Financial liabilities at FVTPL Derivatives	Level 1 $ - 603,956 4,896,869 232,680 464 $ 5,733,969 $ 1,818,862 - - 40,855 - $ 1,859,717 $ - Level 1 $ - 506,763 4,765,536 233,670 386 $ 5,506,355 $ 1,694,805 - - 30,566 - $ 1,725,371 $ -	Level 2 $ 8,297 - - - - $ 8,297 $ - - - - - $ - $ 3,380 Level 2 $ 5,328 - - - - $ 5,328 $ - - - - - $ - $ 20,724	Level3 $ - - - - - $ - $ - 21,677 437,569 - 113,775 $ 573,021 $ - Level 3 $ - - - - - $ - $ - 9,626 720,833 - 102,826 $ 833,285 $ -	Total
				$ 8,297 603,956 4,896,869 232,680 464 $ 5,742,266 $ 1,818,862 21,677 437,569 40,855 113,775 $ 2,432,738 $ 3,380 Total
				$ 5,328 506,763 4,765,536 233,670 386 $ 5,511,683 $ 1,694,805 9,626 720,833 30,566 102,826 $ 2,558,656 $ 20,724

December 31, 2020

There were no transfers between Levels 1 and 2 fair value measurement for Year 2021 and Year 2020.

2) Reconciliation of Level 3 fair value measurements of financial instruments
82 -

For the Year Ended For the Year Ended December 31, 2021 December 31, 2020

Financial assets at FVTOCI
Balance at January 1		$ 833,285			$ 748,451
Recognized in other comprehensive
income (included in unrealized
gain (loss) on financial assets at
FVTOCI)	(	208,044 )			183,812
			-
Purchase		24			-
Disposal		-		(	15,576 )
Return of capital	(	52,244)		(	83,402)
Balance at December 31		$ 573,021			$ 833,285

3) Valuation techniques and inputs applied for Level 2 fair value measurement
Categories of financial instruments Valuation Techniques and Inputs
Financial liabilities – domestic The corporate bond interest rate announced by corporate bonds Taipei Exchange, of which per-hundred price is calculated according to the credit rating and the expiration date through interpolation method.
Derivatives - foreign exchange Discounted cash flow: Future cash flows are forward contracts estimated based on observable forward exchange rates at the end of the reporting period and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
4) Valuation techniques and inputs applied for Level 3 fair value measurement
The Group applied the valuation techniques and inputs for Level 3 fair value measurement for its independent fair value authentication of financial instruments which was carried out by the financial department. Through information from independent resources, the Group keeps the results close to the market state and reviews such results periodically to ensure that they are reasonable. The fair values of domestic and foreign unlisted equity securities were determined using the asset-based approach. In this approach, the fair value is determined by the latest net value of the investee company and the financial and business conditions of its observable company. If the discount for the lack of marketability decreases, the fair value of investments will increase. When the discount for lack of liquidity increases/decreases by 10%, the fair value would have decreased/increased by NT$57,302 thousand and NT$83,329 thousand, respectively for the years ended December 31, 2021 and 2020.
83 -

c. Categories of financial instruments

December 31, 2021 December 31, 2020

		December 31, 2021	December 31, 20
Financial assets
Financial assets at FVTPL
Financial assets mandatorily
classified as at FVTPL		$ 5,742,266	$ 5,511,683
Financial assets measured	at
amortized cost
Cash and cash equivalents		10,365,353	9,637,007
Pledged time and demand deposits		731,638	739,278
Notes receivable		875,475	671,576
Accounts receivable		8,515,477	6,810,340
Other receivables (including
related parties)		511,725	293,459
Refundable deposits		173,394	166,993
Financial assets at FVTOCI	–
investments in equity instruments		$ 2,432,738	$ 2,558,656
Financial liabilities
Financial liabilities at FVTPL - held
for trading		3,380	20,724
Financial liabilities measured	at
amortized cost
Short-term borrowings		2,498,041	2,726,270
Short-term bills payable		279,635	656,704
ACCOUNTS PAYABLE		3,528,998	3,406,837
Other payables (not including
salaries payable or taxes payable)		1,472,810	1,036,004
Current portion of long-term
borrowings		3,059,116	1,999,233
Bonds payable		5,989,773	4,995,069
Long-term borrowings		4,453,323	7,590,000
Guarantee deposits received		29,528	23,342

d. Financial Risk Management Objectives and Policies

The Group's conduct of risk controlling and hedging strategy is influenced by the operational environment. The Group monitors and manages the financial risk by business nature and risk dispersion. These risks include market risk (including foreign currency risk, interest rate risk and other price risks), credit risk and liquidity risk.

1) Market risk

The Group's activities exposed it primarily to the financial risks of changes in foreign currency exchange rates, interest rates and other price risks.

There has been no change to the Group's exposure to market risks or the manner in which these risks were managed and measured.

a) Foreign currency risk
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The Group had conducted foreign currency sales and purchases, which exposed the Group to foreign currency risk. In order to avoid the impact of foreign currency exchange rate changes, which lead to deductions in foreign currency denominated assets and fluctuations in their future cash flows, the Group used foreign exchange forward contracts to eliminate foreign currency exposure and thus mitigate the impact of the risk. The use of foreign exchange forward contracts was governed by the Group's policies approved by the board of directors. Compliance with policies and exposure limits was reviewed by internal auditors on a continuous basis. The Group did not engage in any derivative transactions for speculative purposes.

For the carrying amount of monetary assets and monetary liabilities denominated in non-functional currencies of the Group as of the balance sheet date, please refer to Note 40. Please refer to Note 7 for carrying amount of derivatives exposed to exchange rate risk.

Sensitivity analysis

The sensitivity analysis of foreign currency risk mainly focuses on the computation of foreign currency monetary items at the end of the financial reporting period (U.S. dollar and RMB denominated items). When the Company's functional currency appreciates/depreciates by 3% against U.S. dollar and RMB, the Group's profit before tax for the years ended December 31, 2021 and 2020 would have decreased/increased by NT$172,217 thousand and NT$141,054 thousand, respectively.

Since this sensitivity analysis is based on the computation of foreign currency exposure at balance sheet date, the management concedes that this analysis cannot properly reflect the mid-year exposures.

b) Interest rate risk

The Group was exposed to the fair value risk of interest rate fluctuations for the fixed interest rate bearing financial assets and financial liabilities; the Group was exposed to the cash flow risk of interest rate fluctuations for the floating interest rate bearing financial assets and financial liabilities. The Group's management regularly monitors the fluctuations in market rates and then adjusted its balance of floating rate bearing financial liabilities to make the Group's interest rates more closely approach market rates in response to the interest rate risk.

The carrying amount of the Group's financial assets and financial liabilities with exposure to interest rates at the end of the reporting period were as follows:

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Fair value interest rate risk - Financial assets - Financial liabilities Cash flow interest rate risk - Financial assets - Financial liabilities	December 31, 2021 $ 7,781,222 12,819,174 3,050,945 3,921,281	December 31, 2020
		$ 6,090,090 12,084,042 4,057,411 6,342,920

Sensitivity analysis

Regarding the sensitivity analysis of interest risk, the Group's computation was based on financial assets and financial liabilities with cash flow interest rate risk. A 0.5% increase/decrease of market interest was used when reporting interest rate risk internally to key management personnel and represents management's assessment of the reasonably possible change in interest rate. If interest rates had been 0.5% higher/lower and all other variables were held constant, the Group's profit before tax for the years ended December 31, 2021 and 2020 would have decreased/increased by NT$4,352 thousand and NT$11,428 thousand, respectively.

c) Other price risk

The Group was exposed to the equity price risk through its investments in domestic and foreign listed (OTC) shares, fund beneficiary certificates and other investments. The Group manages this exposure by maintaining a portfolio of investments with different risks. In addition, the Group has appointed a special team to monitor the price risk.

Sensitivity analysis

The following sensitivity analysis was determined based on the price of equity securities on the balance sheet date. However, the fund beneficiary certificates held by the Group are mainly money market funds, which have very low price volatility risk, so it is not included in sensitivity analysis.

If the equity price fluctuates by 5%, the pre-tax profit for the years ended December 31, 2021 and 2020 would have increased/decreased by NT$41,855 thousand and NT$37,041 thousand, respectively, as a result of the changes in fair value of financial assets at FVTPL (excluding fund beneficiary certificates); The pre-tax other comprehensive income for the years ended December 31, 2021 and 2020 would have increased/decreased by NT$121,637 thousand and NT$127,933thousand, respectively, as a result of the changes in fair value of financial assets at FVTOCI.

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2) Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations and result in financial loss to the Group. As of the balance sheet date, the Group's maximum exposure to credit risk, which would cause a financial loss to the Group due to the failure of the counterparty to discharge its obligation, could arise from:

a) The carrying amount of the financial assets recognized in the consolidated balance sheets; and
b) The maximum amount payable by the Group due to financial guarantees provided by the Group.

The Group adopted a policy of only dealing with creditworthy counterparties as a means of mitigating the risk of financial loss from defaults. The Group's exposure and the credit ratings of its counterparties are continuously monitored.

The counterparties of the Group's trade receivable included numerous clients distributed over a variety of areas and were not centered on a single client or location. Furthermore, the Group continuously assesses the financial condition of its clients, and then the Group's credit risk was limited. On the balance sheet date, the Group's maximum exposure to credit risk is approximately the carrying amounts respective recognized financial assets as stated in the balance sheet.

3) Liquidity risk

The Group operations and mitigate the effects of the Group's operating cash flow fluctuations by managing and maintaining sufficient cash and cash equivalents.

a) Liquidity of non-derivative financial liabilities and interest risk table

The following table details the Group's remaining contractual maturity for its nonderivative financial liabilities with agreed repayment periods based on the probable earliest dates on which the Group can be required to pay. The table has been drawn up based on the undiscounted cash flows of financial liabilities, including the cash flows of interests and principals.

December 31, 2021

December 31, 2021
Non-derivative financial liabilities Non-interest bearing liabilities Lease liabilities Floating interest rate liabilities	- 87 - Weighted Average Interest Rate (%) 0.83-9,25 0.10-1.90	On Demand or Less than 1 Year $ 6,423,816 79,836 970,600	1-5 Years $ - 246,828 2,986,558	More than 5 Years
				$ - 288,585 -

Fixed interest rate liabilities	Weighted Average Interest Rate (%)	On Demand or Less than 1 Year	On Demand or Less than 1 Year		1-5 Years		More than 5 Years
	0.63-1.90		4,877,712 $ 12,351,964		5,209,600 $ 8,442,986		2,300,000 $ 2,588,585

Additional information about the maturity analysis for lease liabilities:

Lease liabilities	Less than 1 Year	Less than 1 Year		1-5 Years		5-10 Years	10-15 Years	10-15 Years	15-20 Years	15-20 Years	More than 20 Years
		$ 79,836		$ 246,828		$ 66,215		$ 64,030		$ 57,501	$ 100,839

December 31, 2020

December 31, 2020
Non-derivative financial liabilities Non-interest bearing liabilities Lease liabilities Floating interest rate liabilities Fixed interest rate liabilities	Weighted Average Interest Rate (%) 0.83-9.25 0.52-2.89 0.35-1.90	On Demand or Less than 1 Year			1-5 Years $ - 248,922 4,990,000 7,600,000 $ 12,838,922		More than 5 Years
			$ 5,623,370 78,464 1,352,920 4,030,350 $ 11,085,104				$ - 316,663 - - $ 316,663

Additional information about the maturity analysis for lease liabilities:

Lease liabilities	Less than 1 Year	Less than 1 Year		1-5 Years		5-10 Years	10-15 Years	10-15 Years	15-20 Years	15-20 Years	More than 20 Years
		$ 78,464		$ 248,922		$ 92,146		$ 51,759		$ 52,399	$ 120,359

b) Liquidity and interest rate risk tables for derivative financial liabilities

Liquidity analysis of derivative financial instruments with gross delivery is prepared on the basis of undiscounted gross cash inflows and outflows. When the amount payable or receivable is not fixed, the amount disclosed is determined by the expected interest rate derived from the yield curve on the balance sheet date. December 31, 2021

December 31, 2021
Gross settled Foreign exchange forward contracts - Inflows - Outflows	On Demand or Less than 1 Month $ 1,049,371 (1,052,384) ($ 3,013)		1-3 Months $ 1,987,001 1,991,684) $ 4,683)	3 Months to 1 Year
	( (	( (		( (	$ 57,671 59,512) $ 1,841)

88 -

December 31, 2020

December 31, 2020
Gross settled Foreign exchange forward contracts - Inflows - Outflows	On Demand or Less than 1 Month $ 914,593 ( 920,172) ($ 5,579)		1-3 Months $ 1,328,558 1,345,476) $ 16,918)	3 Months to 1 Year
	( (	( (		( (	$ 109,690 111,875) $ 2,185)

c) Financing facilities

The Group relies on bank loans as a significant source of liquidity. As of the balance sheet date, the unused amounts of bank financing facilities were as follows:

follows:
Bank loan facilities - Amount unused	December 31, 2021 $ 38,572,010	December 31, 2020
			$ 34,248,864

36. RELATED PARTY TRANSACTIONS

Balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. Besides information disclosed elsewhere in other notes, details of transactions between the Group and its related parties are disclosed below:

a. Name of the related party and their relationship

Name of the related party Fujian Gulei Petrochemical Co., Ltd. USI Educational Foundation (USIF)	Relationship with the Group
	Joint ventures Other related parties

b. Purchase (classified as cost of goods sold)

Purchase (classified as cost of goods sold)
Related Party Category/Name Joint ventures	For the Year Ended December 31, 2021 $ 267,768	For the Year Ended December 31, 2020
			$ -

c. Donation costs (classified as administrative expenses)

Related Party Category/Name Other related parties USI Education Foundation	For the Year Ended December 31, 2021 $ 16,000	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
			$ 8,250

d. Management services income (classified as other revenue)
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Related Party Category/Name Joint ventures	For the Year Ended December 31, 2021 $ 42,221	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
			$ 36,647

e. Other receivables

Other receivables
Related Party Category/Name Joint ventures	December 31, 2021 $ 21,083	December 31, 2020
			$ 19,369

f. Compensation of key management personnel

Remuneration to directors and the key management personnel was as follows:

Short-term employee benefits Retirement benefits	For the Year Ended December 31, 2021 $ 72,530 491 $ 73,021	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
			$ 62,051 324 $ 62,375

The compensation of directors and key executives was determined by the remuneration committee based on the performance of individuals and market trends.

37. COLLATERALIZED ASSETS

The following assets of the Group have been pledged as collateral for material purchase,

outward documentary bill, long-term and short-term financing facilities:

Pledged time deposits (classified as financial assets measured at amortized cost) Financial assets at FVTPL Property, plant and equipment Investment properties - net Land use right (classified as right-of-use assets) Refundable deposits (classified as other non-current assets)	December 31, 2021 $ 679,083 9,085 160,158 - 20,578 121,685 $ 990,589	December 31, 2020	December 31, 2020
			$ 678,314 6,361 927,196 108,178 21,482 62,633 $ 1,804,164

38. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACTUAL

COMMITMENTS

a. As of December 31, 2021 and 2020, the Company's unused letter of credit amounted to NT$3,177,888 thousand and NT$2,236,491 thousand, respectively.
b. Regarding the associate, China General Terminal & Distribution Corporation (hereinafter "CGTD"), who was commissioned to operate the LCY Chemical Corp.'s propylene pipeline
90 -

resulting in a gas explosion on July 31st, 2014, the appeal was dismissed by the Supreme Court on September 15th, 2021, and all three employees of CGTD were innocent.

CGTD arrived at an agreement with the Kaohsiung City Government on February 12, 2015 to pledge certificates of bank deposits of NT$227,458 thousand (including interest) to Kaohsiung City Government as collateral for the losses caused by the gas explosion. Kaohsiung City Government has also filed civil lawsuits against LCY, CGTD and CPC Corporation. Taiwan Power Company applied for provisional attachment against CGTD's property on August 27 and November 26, 2015. CGTD had deposited cash of NT$99,207 thousand to the court to avoid provisional attachment. Taiwan Water Corporation also applied for provisional attachment against CGTD's property on February 3 and March 2, 2017. As of February 28, 2022, the provisionally attached properties were worth NT$12,472 thousand.

For the victims of the gas explosion, CGTD, LCY and the Kaohsiung City Government signed a tripartite agreement for severe injuries on July 17, 2015 agreeing to negotiate the compensation first with the 32 severely injured victims, agreeing to negotiate compensation in advance for all the heirs and claimants of the 32 victims (hereinafter referred to as "the families of the victims"), paying the families of the victims NT$12,000 thousand for each victim, with a total settlement of NT$384,000 thousand. LCY paid the compensation first and also represented the three parties in the settlement negotiation and the signing of settlement agreements with the family of the deceased.

For the severely injured, CGTD, LCY and the Kaohsiung City Government signed a tripartite agreement for severe injuries on October 25, 2017 agreeing to negotiate the compensation first with the 65 severely injured victims. The compensation was paid by CGTD and the Kaohsiung City Government, and CGTD was in charge of negotiating the compensation with the seriously injured victims' families and signing the settlement agreement on behalf of the three parties with the 64 seriously injured victims' families.

As of February 28, 2022, the victims and victims' families had written letters or filed civil lawsuits (including criminal lawsuits) against CGTD, LCY Chemical Corp. and CPC for compensation claims. To reduce the lawsuit costs, CGTD came to a compromise and reduced the original claim of NT$46,677 thousand and settled for a compensation amount of NT$4,519 thousand instead. Along with the case still under litigation and the abovementioned compensation, the accumulated amount of compensation is NT$3,856,447 thousand. The first-instance judgments of some of the above-mentioned civil cases (with a total amount of compensation of approximately NT$1,341,128 thousand) have been gradually announced starting from June 22, 2018. The proportion of fault-based liabilities

91 -

of the Kaohsiung City Government, LCY Chemical Corp. and CGTD is 4:3:3 in most of the case judgments. The total amount of compensation that CGTD, LCY Chemical Corp. and the other defendants are liable for was approximately NT$401,979 thousand, of which the court ruled an exemption for CGTD in the amount of NT$6,194 thousand. For the civil cases that have been sentenced but not settled, CGTD has filed an appeal and has started the second trial procedure one after another. The remaining cases are still pending in the Court of First Instance (the amount claimed is approximately NT$2,012,493 thousand). CGTD and its insurance company signed a settlement agreement, covering the proportion of the liability for negligence determined in the first-instance judgment, the estimated amount of the settlement with the victims and the severely injured, and the amount of compensation in civil cases (including cases that have been settled); after the maximum insurance claims is deducted, the estimated amount that should be borne by CGTD and has been recognized is NT$136,375 thousand. However, the actual amount of the aforementioned relevant settlements and compensation will not be confirmed until the proportion of the liabilities that should be borne by CGTD is determined in the civil case judgment in the future.

39. SIGNIFICANT CONTRACTS

a. TVCM along with CPC Corporation, Formosa Plastics Corporation, Mitsui Corp., signed a dichloromethane purchase agreement in which the purchase prices are calculated by the buyers and sellers in accordance with a pricing formula.
b. The Company and Asia Polymer Corporation (APC) entered into a joint venture contract for an investment of Fujian Gulei Petrochemical Co., Ltd. on April 17, 2014. The related entities of the contract or commitments are Ho Tung Chemical Corporation, LCY Chemical Corporation, HsinTay Petroleum Company Limited, Chenergy Global Corporation and Lien Hwa Industrial Corporation. The main contents of the contract and commitments include: (1) the shareholders shall establish Ever Victory Global Limited (hereinafter referred to as "EVGL") and agree to pass the establishment of the 100%-owned company named Dynamic Ever Investments Limited (hereinafter referred to as "DEIL") in Hong Kong, which purpose is to build oil refineries and produce seven products such as ethylene on the Gulei Peninsula in Zhangzhou, Fujian Province, as approved by the competent authorities of the Republic of China and according to the business operation permitted by the Joint Venture's board of directors; and (2) DEIL established a joint venture company with Fujian Petrochemical Chemical Co., Ltd. ("FPCL") to operate the target business in Gulei Industrial Park, Zhangzhou, Fujian Province (hereinafter referred to as "Gulei") in
92 -

accordance with the laws and regulations of the People's Republic of China and acquired 50% of the issued shares of Gulei as the basis for the joint investment.

Dynamic Ever Investments Limited and Fujian Refining and Chemical Co. signed "Fujian Gulei Petrochemical Corporation Limited Joint Venture Contract" which stipulated an increase in the investment amount, and this contract led to part of the original related contract entities being unable to keep their respective investment ratios as provided by the original contract or to participate in the subsequent capital increase procedures. In order to meet the business requirement of the original contract, the Company and APC resigned the joint venture contract on September 30, 2016 and added a new contractually promised related entity, CTCI Corp. On December 18, 2019, the Company and APC again resigned the joint venture contract and added new contractually promised related entities, Fubon Financial Holding Venture Capital Corporation and Hongfu Investment Co., Ltd.

In order to increase Gulei Company's working capital, Ever Victory Global Limited and Hong Kong DOR PO INVESTMENT COMPANY LIMITED ("DOR PO") signed a joint venture contract for an investment in Dynamic Ever Investment Limited on June 5, 2019. According to the contract, DOR PO would invest US$109,215 thousand in Dynamic Ever Investment Limited. As of December 31, 2020, DOR PO had invested US$103,915 thousand and held 15% ownership interest in DEIL.

As of December 31, 2021, the Company and APC cumulatively invested US$246,670 thousand (approximately NT$7,645,981 thousand) and US$170,475 thousand (approximately NT$5,255,587 thousand) in Ever Conquest Global Limited (ECGL), respectively, and reinvested in EVGL via ECGL as well as in DEIL. The Company and APC together hold 67.4% shares in EVGL in total. DEIL has invested capital amounted to RMB 4,657,200 thousand in Gulei.

c. In order to improve the efficiency of asset management, the Group provided 10 parcels of land accounted for investment properties located in the third sub-section of Yanji Section, Songshan District, Taipei, and participated in the urban renewal plan of Huaku Development Co., Ltd. (hereinafter referred to as "Huaku") in cooperation with neighboring areas in the form of right transformation and has signed an urban renewal development contract, with the collection of the performance bond of NT$6,400 thousand from the builder. The plan has been approved by the Taipei City government on November 30, 2017. In addition, to ensure the smooth development and completion of the urban renewal plan, the Group and Huaku signed the real estate trust agreement with and jointly entrusted the Trust Department of E.sun Bank in 2017 to manage, divide, merge and transfer the property rights of the construction base and the above-ground buildings during
93 -

the term of the trust relationship. As of December 31, 2021, the urban renewal plan has been completed with the use right license has been obtained and uncompleted transfer of property rights for land and houses.

d. Key operation contracts

CGTD is commissioned to operate the storage and transportation of any items of petrochemical raw materials; operating service changes are calculated in accordance with the actual operation quantities and at the rate stated i n the contracts. The insurance

expenses of petrochemical raw materials are borne by individual commissioned companies.

Commissioning Company
Taita Chemical Company, Ltd.
Taiwan VCM Corporation
USI CORPORATION
(Asia Polymer Corporation)
LCY Chemical Corp.
TSRC Corporation
Nantex Industry Co., Ltd.
En Chuan Chemical Industries Co., Ltd.
Xin Long Guang Plastics Co., Ltd.
Oriental Union Chemical Corporation
Formosa Plastics Corporation
Chi Shen Transportation Co., Ltd.
LCY Grit Corp.
Shin Foong Specialty And Applied Materials Co.,
Ltd.

Operation Contract Period

2020.01.01-2021.12.31
2020.01.01-2021.12.31
2021.01.01-2021.12.31
2021.01.01-2021.12.31
2020.01.01-2021.12.31
2020.01.01-2021.12.31
2020.01.01-2021.12.31
2020.01.01-2021.12.31
2020.01.01-2021.12.31
2021.01.01-2021.12.31
2020.01.01-2021.12.31
2020.01.01-2021.12.31
2020.01.01-2021.12.31
2021.01.01-2021.12.31

The aforesaid operation contracts may be renewed upon expiration.

40. SIGNIFICANT FINANCIAL ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The Group entities' significant financial assets and liabilities denominated in foreign currencies and aggregated by foreign currencies other than functional currencies and the related exchange rates between foreign currencies and respective functional currencies were as follows:

Unit: Foreign and Functional Currencies in Thousands

Foreign currency assets		December 31, 2021	December 31, 2021
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currencies	NT$
	$ 220,029 5,174 4,570 495,301 1,611 1,000 774	27.68 (USD/NTD) 6.38 (USD/RMB) 4.36 (USD/MYR) 4.34 (RMB/NTD) 0.16 (RMB/USD) 20.08 (AUD/NTD) 31.32 (EUR/NTD)	$ 6,090,148 32,987 19,906 2,150,425 253 20,078 24,223	$ 6,090,148 143,214 126,505 2,150,425 7,004 20,078 24,223
Monetary items USD USD USD RMB RMB AUD EUR

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Non-monetary items Joint Ventures Using the Equity Method RMB Derivatives Sell USD Sell USD Sell RMB Sell Euro Purchase JPY Foreign currency liabilities		December 31, 2021	December 31, 2021
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currencies	NT$
	$ 4,453,674 49,930 1,850 137,000 60 100,000 76,741 19,106 1,209 20,782 300 238,900			$ 19,335,554 6,308 313 1,133 143 400 2,124,188 528,864 33,462 90,223 28 3,352
Monetary items USD USD USD RMB Non-monetary items Derivatives Sell USD Sell RMB Foreign currency assets
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currencies	NT$
	$ 178,315 3,556 3,879 327,585 2,379 853 392 4,621,047 19,210 550 5,400 284 $ 51,553 14,342 686 30,318 7,471 16,580 248,860 40,000	28.48 (USD/NTD) 6.52 (USD/RMB) 4.19 (USD/MYR) 4.36 (RMB/NTD) 0.15 (RMB/USD) 21.95 (AUD/NTD) 35.02 (EUR/NTD) 0.15 (RMB/USD) 28.48 (USD/NTD) 4.19 (USD/MYR) 4.36 (RMB/NTD) 5.16 (EUR/MYR) 28.48 (USD/NTD) 6.52 (USD/RMB) 4.19 (USD/MYR) 4.36 (RMB/NTD) 28.48 (USD/NTD) 28.48 (USD/NTD) 4.36 (RMB/NTD) 0.01 (JPY/USD)	$ 5,078,378 23,202 16,271 1,429,840 365 18,716 13,744 708,217 4,313 132 22 14 $ 1,468,237 93,578 2,879 132,331 830 4,309 15,456 5	$ 5,078,378 101,272 110,474 1,429,840 10,394 18,716 13,744 20,170,030 4,313 896 22 97 $ 1,468,237 408,450 19,545 132,331 830 4,309 15,456 129
Monetary items USD USD USD RMB RMB AUD EUR Non-monetary items Joint Ventures Using the Equity Method RMB Derivatives Sell USD Sell USD Sell RMB Sell Euro Foreign currency liabilities
Monetary items USD USD USD RMB Non-monetary items Derivatives Purchase USD Sell USD Sell RMB Purchase JPY

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For the years ended December 31, 2021 and 2020, realized and unrealized net foreign exchange losses were NT$93,530 thousand and NT$141,771 thousand, respectively. It is impractical to disclose net foreign exchange gains by each significant foreign currency due to the variety of the foreign currency transactions and functional currencies of the Group entities.

41. SEPARATELY DISCLOSED ITEMS

a. Information on significant transactions and b. Information on reinvestment business:
1) Financing provided to others. (Table 1)
2) Endorsements/guarantees provided. (Table 2)
3) Marketable securities held (excluding investment in subsidiaries and joint ventures). (Table 3)
4) Total Purchases from or Sales to Related Parties of Marketable Securities Amounting to at Least NT$300 Million or 20% of the Paid-in Capital; (Table 4)
5) Acquisitions of individual real estate at costs of at least NT$300 million or 20% of the paid-in capital. (None)
6) Disposals of individual real estate at prices of at least NT$300 million or 20% of the paid-in capital. (None)
7) Total purchases from or sales to related parties amounting to at least NT$100 million or 20% of the paid-in capital. (Table 5)
8) Receivables from related parties amounting to at least NT$100 million or 20% of the paid-in capital. (Table 6)
9) Trading in derivative instruments; (Notes 7 and 35)
10) Others: The Business Relationships and Significant Transactions and Amounts between Parent and Subsidiaries and between Subsidiaries. (Table 9)
11) Information on investees. (Table 7)
c. Information on investments in mainland China
1) Information on investee company in mainland China, including the company names, major business activities, paid-in capital, method of investment, inward and outward remittance of funds, ownership percentage, current profit and loss and recognized investment income or loss, carrying amount of the investment at the end of the period, repatriations of investment income, and limit on the amount of investment in the mainland China. (Table 8)
2) Any of the following significant transactions with investee companies in mainland China, either directly or indirectly through a third party, and their prices, payment terms, and unrealized gains or losses:
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a) The amount and percentage of purchases and the balance and percentage of the related payables at the end of the period: Tables 5 and 9.
b) The amount and percentage of sales and the balance and percentage of the related receivables at the end of the period: Tables 5 and 9.
c) The amount of property transactions and the amount of the resultant gains or losses: None.
d) The balance of negotiable instrument endorsements or guarantees or pledges of collateral at the end of the period and the purposes: Table 2.
e) The highest balance during the period, the end of period balance, the interest rate range, and total current period interest with respect to the financing of funds: Table 1.
f) Other transactions that have a material effect on the profit or loss for the period or on the financial position, such as the rendering or receipt of services: None.
d. Information on substantial shareholders: Name, number of shares held, and shareholding percentage of shareholders with shareholding percentage exceeding 5%. (Table 10)

42. SEGMENT INFORMATION

Information reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance focuses on the financial information of each individual company. The following was the information of the Group's reporting segments:

a. Profit and Loss of Reporting Segment

Segment revenue Interest income Finance costs Depreciation and amortization Impairment loss Pre-tax profit of reporting segment Income tax expenses of reporting segment Net profit of reporting segment			For the Y	ear Ended December	31,2021
	USI	CGPC and CGPC's subsidiaries	TTC and TTC's subsidiaries	ACME and ACME's subsidiaries	APC and APC's subsidiaries	Others	Total
	$ 16,034,251 5,948 ( 97,352 ) ( 621,389 ) - 5,870,841 ( 679,447 ) 5,191,394	$ 20,221,524 2,235 ( 5,294 ) ( 705,030 ) - 3,307,034 ( 675,616 ) 2,631,418	$ 20,771,165 41,853 ( 5,163 ) ( 201,501 ) ( 39 ) 2,407,444 ( 557,512 ) 1,849,932	$ 3,070,315 8,982 ( 16,399 ) ( 201,259 ) - 143,781 ( 53,300 ) 90,481	$ 9,565,813 4,381 ( 22,743 ) ( 312,444 ) - 3,738,206 ( 637,079 ) 3,101,127	$ 4,865,493 16,473 ( 25,602 ) ( 351,751 ) - 1,958,899 ( 70,036 ) 1,888,863	$ 74,528,561 79,872 ( 172,553 ) ( 2,393,374 ) ( 39 ) 17,426,205 ( 2,672,990 ) 14,753,215

Segment revenue Interest income Finance costs Depreciation and amortization Impairment loss Pre-tax profit of reporting segment Income tax expenses of reporting segment Net profit of reporting segment			For theY	ear EndedDecember	31,2020
	USI	CGPC and CGPC's subsidiaries	TTC and TTC's subsidiaries	ACME and ACME's subsidiaries	APC and APC's subsidiaries	Others	Total
	$ 10,172,220 6,604 ( 107,540 ) ( 617,374 ) - 2,560,322 ( 150,544 ) 2,409,778	$ 13,733,148 3,621 ( 7,387 ) ( 694,623 ) - 2,165,338 ( 373,628 ) 1,791,710	$ 15,498,381 33,052 ( 21,003 ) ( 205,799 ) ( 22,078 ) 2,481,989 ( 562,171 ) 1,919,818	$ 2,169,471 12,084 ( 17,379 ) ( 193,841 ) ( 5,823 ) 74,817 ( 37,443 ) 37,374	$ 5,703,546 7,682 ( 42,537 ) ( 314,636 ) - 1,285,411 ( 181,824 ) 1,103,587	$ 4,384,766 39,766 ( 31,738 ) ( 385,222 ) - 1,773,662 ( 134,748 ) 1,638,914	$ 51,661,532 102,809 ( 227,584 ) ( 2,411,495 ) ( 27,901 ) 10,341,539 ( 1,440,358 ) 8,901,181

b. Profit and loss of reporting segment and other major adjustments
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1) Segment revenue and results

Segment revenue and results
Pre-tax profit of reporting segment Income tax expenses of reporting segment Total of net after-tax profit of reporting segment Pre-tax profit of other non-reporting segments Deduction of inter-segment interests Consolidated net after-tax profit	For the Year Ended December 31, 2021 $ 15,467,306 ( 2,602,954) 12,864,352 1,888,863 ( 4,673,764) $ 10,079,451	For the Year Ended December 31, 2020
	( (	( (	$ 8,567,877 1,305,610) 7,262,267 1,638,914 3,218,544) $ 5,682,637

2) Other major adjustments

		F	or the Year Ended	December 31,202	1
USI	CGPC and CGPC's subsidiaries	TTC and TTC's subsidiaries	ACME and ACME's subsidiaries	APC and APC's subsidiaries	Others $ 16,473 ( 25,602 ) ( 351,751 ) 0	Adjustments	Total
$ 5,948 ( 97,352 ) ( 621,389 )	$ 2,235 ( 5,294 ) ( 705,030 )	$ 41,853 ( 5,163 ) ( 201,501 ) F	$ 8,982 ( 16,399 ) ( 201,259 ) or theYear Ended	$ 4,381 ( 22,743 ) ( 312,444 ) December31,202		( $ 271 ) 2,729 57,454	$ 79,601 ( 169,824 ) ( 2,335,920 )
USI	CGPC and CGPC's subsidiaries	TTC and TTC's subsidiaries	ACME and ACME's subsidiaries	APC and APC's subsidiaries	Others $ 39,766 ( 31,738 ) ( 385,222 )	Adjustments	Total
$ 6,604 ( 107,540 ) ( 617,374 )	$ 3,621 ( 7,387 ) ( 694,623 )	$ 33,052 ( 21,003 ) ( 205,799 )	$ 12,084 ( 17,379 ) ( 193,841 )	$ 7,682 ( 42,537 ) ( 314,636 )		$ - 3,246 58,294	$ 102,809 ( 224,338 ) ( 2,353,201 )

Since the Group's individual segment assets were not included in the segment information provided chief operating decision-maker, the measured amount of operating segment assets was not disclosed herein.

c. Main product revenue

Main product revenue
Product Plastic raw materials Electronic Materials Others	For the Year Ended December 31, 2021 $ 68,149,586 3,018,410 587,546 $ 71,755,542	For the Tear Ended December 31, 2020
			$ 47,540,059 2,141,880 519,334 $ 50,201,273

d. Geographical information

The main operating region of the Group is Asia, therefore the information about the location of non-current assets were not disclosed.

The amounts of the Group's revenue from continuing operations from external customers by location are detailed below.

by location are detailed below.
Asia Americas	For the Year Ended December 31, 2021 $ 59,989,106 4,875,056	For the Year Ended December 31, 2020
		$ 45,053,620 3,416,168

98 -

Europe Africa Oceania Others	For the Year Ended December 31, 2021 306,950 1,488,398 341,961 4,754,071 $ 71,755,542	For the Year Ended December 31, 2020	For the Year Ended December 31, 2020
			262,617 469,039 187,141 812,688 $ 50,201,273

e. Information on main customers

No revenue of any single customer has reached 10 % or more of the total sales revenue of the Group for the year ended December 31, 2021 and 2020.

99 -

FOR THE YEAR ENDED DECEMBER 31, 2021

USI CORPORATION AND SUBSIDIARIES FINANCING PROVIDED TO OTHERS

TABLE 1

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Lender	Borrower	Financial Statement Account	Related Party (Yes/No)	Maximum Balance in Current Period	Ending Balance (Note 3)	Actual Borrowing Amount (Note 3)	Range of Interest Rates (%)	Nature of Financing (Note 2)	Business Transaction Amounts	Reasons for Short-term Financing	Allowance for Impairment Loss	Collateral	Collateral	Financing Limit for Each Borrower (Note 1)	Aggregate Financing Limit (Note 1)	Remark
													Item	Value
0	USI CORPORATION	USI Green Energy Corporation	Other receivables - related parties	Yes	$ 400,000	$ 200,000	$ 125,000	0.80	2	$ -	Business turnover	$ -	`－`	`－`	$ 10,184,800	$ 10,184,800

Note 1. The total capital loans shall not exceed 40% of the net value of the Company's most recent financial statements certified or audited by CPAs. The maximum capital loans is calculated on the net value as of December 31, 2021. Note 2. The nature of financing is provided as follows:

(1) Business relationship is coded "1".

(2) Short-term financing is coded "2".

Note 3. All the transactions were written off when preparing the consolidated financial statements.

100 -

USI CORPORATION AND SUBSIDIARIES

Acme Electronics Corporation FINANCING PROVIDED TO OTHERS

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 1-1

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Lender	Borrower	Financial Statement Account	Related Party (Yes/No)	Highest Balance for the Period (Note 3)	Balance at December 31	Actual Borrowing Amount	Range of Interest Rates (%)	Nature of Financing (Note 2)	Business Transaction Amounts	Reasons for Short-term Financing	Allowance for Impairment Loss	Collateral	Collateral	Financing Limit for Each Borrower (Note 1)	Aggregate Financing Limit (Note 1)	Remark
													Item	Value
0	Acme Electronics Corporation	ACME Electronics (Cayman) Corp.	Other receivables from related parties	Yes	$ 278,500 (USD10,000 thousand)	$ -	$ -	1.12675%`～` 2.82663%	2	$ -	Business turnover	$ -	`－`	`－`	$ 534,016	$ 534,016

Note 1. Total financing amounts provided to others shall not exceed 40% of ACME's net value, and the highest aggregate financing limits were calculated by the net value as of December 31, 2021. Note 2. The nature of financing is provided as follows:

(1) Business relationship is coded "1".
(2) Short-term financing is coded "2".

Note 3. The amount was calculated based on the spot exchange rate as of December 31, 2021.

Note 4. All the transactions were written off when preparing the consolidated financial statements.

101 -

TABLE 1-2

USI CORPORATION AND SUBSIDIARIES

Swanson Plastics Corporation

FINANCING PROVIDED TO OTHERS

FOR THE YEAR ENDED DECEMBER 31, 2021

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Lender	Borrower	Financial Statement Account	Related Party (Yes/No)	Highest Balance for the Period	Balance at December 31 (Notes 3 and 4)	Actual Borrowing Amount (Notes 3 and 4)	Range of Interest Rates (%)	Nature of Financing (Note 2)	Business Transaction Amounts	Reasons for Short-term Financing	Allowance for Impairment Loss	Collateral	Collateral	Financing Limit for Each Borrower (Note 1)	Aggregate Financing Limit (Note 1)	Remark
													Item	Value
1 2 3	Forever Young Company Limited ASK-Swanson (Kunshan) Co., Ltd. Swanson Plastics (Singapore) Pte., Ltd.	Swanson International Ltd. Swanson Plastics (Tianjin) Co., Ltd. PT. Swanson Plastics Indonesia	Other receivables Other receivables Other receivables	Yes Yes Yes	$ 88,601 219,009 14,268	$ 41,529 164,977 -	$ 41,529 164,977 -	- 3.85 -	2 2 2	$ - - -	Business turnover Business turnover Business turnover	$ - - -	`－` `－` `－`	`－` `－` `－`	$ 69,670 516,104 350,871	$ 104,504 516,104 350,871

Note 1. The limits of financing provided to others based on the total amount of funds lending to others and the limits of individual objects set by the companies.

Note 2. The nature of financing is provided as follows:

(1) Business relationship is coded "1".
(2) Short-term financing is coded "2".

Note 3. The amount was calculated based on the spot exchange rate as of December 31, 2021.

Note 4. All the transactions were written off when preparing the consolidated financial statements.

102 -

USI CORPORATION AND SUBSIDIARIES

ENDORSEMENTS/GUARANTEES PROVIDED

FOR THE YEAR ENDED DECEMBER 31, 2021

Table 2									(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)
No.	Endorser/Guarantor	Endorsee/Guarantee		Limits on Endorsement/Guarant ee Made for Each Party (Note 1)	Maximum Amount Endorsed/Guaranteed During the Period (Note 2)	Outstanding Endorsement/Guarant ee at the End of the Period (Note 2)	Actual Borrowing Amount	Amount Endorsed/Guaranteed by Collateral	Ratio of Accumulated Endorsement/Gua rantee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/Guarant ee Limit (Note 1)	Endorsemen t/Guarantee Made by Parent for Subsidiaries	Endorsemen t/Guarantee Made by Subsidiaries for Parent	Endorsemen t/Guarantee Made for Companies in Mainland China
		Company Name	Relationship
0 0 0	USI CORPORATION USI CORPORATION USI CORPORATION	Union Polymer Int'l Investment Corp. USI Green Energy Corporation Chong Loong Trading Co., Ltd.	Subsidiary which directly held more than 50% of ordinary shares Subsidiary which directly held more than 50% of ordinary shares Subsidiary which directly held more than 50% of ordinary shares	$ 12,731,000 12,731,000 12,731,000	$ 3,900,000 200,000 308,400 (USD5,000 thousand) (NTD170,000 thousand)	$ 2,600,000 200,000 308,400 (USD5,000 thousand) (NTD170,000 thousand)	$ 685,000 - 76,863	$ - - -	10.21 0.79 1.21	$ 15,277,199 15,277,199 15,277,199	Yes Yes Yes	No No No	No No No

Note 1. The total amount of endorsements/guarantees provided shall not exceed 60% of the Company's net value. The amount of endorsements/guarantees for an individual entity shall not exceed 50% of the Company's net value. The maximum amount of endorsements/guarantees was calculated based on net value as of December 31, 2021.

Note 2. The amount was calculated based on the spot exchange rate as of December 31, 2021.

103 -

USI CORPORATION AND SUBSIDIARIES

Acme Electronics Corporation

ENDORSEMENTS/GUARANTEES PROVIDED

FOR THE YEAR ENDED DECEMBER 31, 2021

Table 2-1

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Endorser/Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limits on Endorsement/Guara ntee Made for Each Party (Note 2)	Maximum Amount Endorsed/Guarantee d During the Period	Outstanding Endorsement/Guara ntee at the End of the Period (Note 3)	Actual Borrowing Amount (Note 3)	Amount Endorsed/Guarantee d by Collateral	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%) (Note 1)	Aggregate Endorsement/Guara ntee Limit (Note 2)	Endorsemen t/Guarantee Made by Parent for Subsidiaries	Endorsemen t/Guarantee Made by Subsidiaries for Parent	Endorsemen t/Guarantee Made for Companies in Mainland China	Remark
		Company Name	Relationship
0	(Acme Electronics Corporation)	Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. ACME Electronics (Cayman) Corp.	Subsidiary of ACME (Cayman) Subsidiary of GAEL Subsidiary of Acme Electronics Corporation	$ 2,002,562 2,002,562 2,002,562	$ 486,500 (USD17,500 thousand) 83,400 (USD3,000 thousand) 222,400 (USD8,000 thousand)	$ 484,400 (USD17,500 thousand) 83,040 (USD3,000 thousand) 221,440 (USD8,000 thousand)	$ 207,600 (USD7,500 thousand) - 221,400 (USD8,000 thousand)	- - -	36.28% 6.22% 16.59%	$ 2,670,082 2,670,082 2,670,082	No No No	No No No	Yes Yes No

Note 1. The rate was calculated by the equity of ACME as of December 31, 2021.

Note 2. The maximum amount of total endorsement/guarantee shall not exceed 200% of the equity attributable to owners of ACME. The maximum amount of endorsement/guarantee for an individual entity shall not exceed 150% of the equity attributable to owners of ACME. The maximum amount of endorsement/guarantee was calculated based on the equity of the endorser/guarantor as of December 31, 2021.

Note 3. The amount was calculated based on the spot exchange rate as of December 31, 2021.

104 -

USI CORPORATION AND SUBSIDIARIES

Swanson Plastics Corporation

ENDORSEMENTS/GUARANTEES PROVIDED

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 2-2

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Endorser/Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limits on Endorsement/Guara ntee Made for Each Party (Note 1)	Maximum Amount Endorsed/Guarantee d During the Period	Outstanding Endorsement/Guara ntee at the End of the Period (Note 2)	Actual Borrowing Amount (Note 2)	Amount Endorsed/Guarantee d by Collateral	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/Guara ntee Limit (Note 1)	Endorsemen t/Guarantee Made by Parent for Subsidiaries	Endorsemen t/Guarantee Made by Subsidiaries for Parent	Endorsemen t/Guarantee Made for Companies in Mainland China	Remark
		Company Name	Relationship
0 0 0 0 0 0 0	Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation	Swanson Plastics (Singapore) Pte., Ltd. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Kunshan) Co., Ltd. Swanson Technologies Corporation Swanson Plastics (Tianjin) Co., Ltd. PT. Swanson Plastics Indonesia Forever Young Co., Ltd.	Subsidiary Sub-subsidiary Sub-subsidiary Subsidiary Sub-subsidiary Subsidiary Subsidiary	$ 5,290,204 5,290,204 5,290,204 5,290,204 5,290,204 5,290,204 5,290,204	$ 51,078 34,242 85,605 219,796 28,535 57,070 1,438,419	$ 49,547 33,216 83,040 155,008 27,680 55,360 1,414,448	$ - - - 50,000 - - -	$ - - - - - - -	1.87 1.26 3.14 5.86 1.05 2.09 53.47	$ 6,612,755 6,612,755 6,612,755 6,612,755 6,612,755 6,612,755 6,612,755	No No No No No No No	No No No No No No No	No No Yes No Yes No No

Note 1. The amount of endorsements/guarantees for an individual entity shall not exceed 200% of SPC's equity stated on the latest financial statements. The maximum amount of total endorsements/guarantees shall not exceed 250% of SPC's equity stated on the latest financial statements.

Note 2. The amount was calculated based on the spot exchange rate as of December 31, 2021.

105 -

USI CORPORATION AND SUBSIDIARIES

China General Plastics Corporation ENDORSEMENTS/GUARANTEES PROVIDED FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 2-3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Endorser/Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limits on Endorsement/ Guarantee Made for Each Party (Note 2)	Maximum Amount Endorsed/Guarantee d During the Period	Outstanding Endorsement/Guara ntee at the End of the Period	Actual Borrowing Amount	Amount Endorsed/Guarantee d by Collateral	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%) (Note 1)	Aggregate Endorsement/Guara ntee Limit (Note 2)	Endorsemen t/Guarantee Made by Parent for Subsidiaries	Endorsemen t/Guarantee Made by Subsidiaries for Parent	Endorsemen t/Guarantee Made for Companies in Mainland China	Remark
		Company Name	Relationship
0	China General Plastics Corporation	CGPC Polymer Corporation	Subsidiary	$ 6,697,786	$ 2,450,000	$ 1,000,000	$ -	$ -	8.96	$ 11,162,977	No	No	No

Note 1. The ratio was calculated by the equity of CGPC as of December 31, 2021.

Note 2. The total amount of guarantee that may be provided by CGPC shall not exceed 100% of CGPC's net worth stated on the latest financial statements. The amount of guarantee that may be provided by CGPC to any individual entity shall not exceed 60% of CGPC's net worth stated on the latest financial statements.

106 -

USI CORPORATION AND SUBSIDIARIES

Taita Chemical Company, Ltd. ENDORSEMENTS/GUARANTEES PROVIDED

FOR THE YEAR ENDED DECEMBER 31, 2021

Table 2-4

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

No.	Endorser/Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limits on Endorsement/ Guarantee Made for Each Party (Note 2)	Maximum Amount Endorsed/Guaranteed During the Period (Note 1)	Outstanding Endorsement/Guarantee at the End of the Period (Note 1)	Actual Borrowing Amount (Note 1)	Amount Endorsed/Guaranteed by Collateral	Ratio of Accumulated Endorsement/Guar antee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/Guarantee Limit (Note 2)	Endorsement/G uarantee Made by Parent for Subsidiaries	Endorsement/G uarantee Made by Subsidiaries for Parent	Endorsement/G uarantee Made for Companies in Mainland China	Remark
		Company Name	Relationship
0 0	Taita Chemical Company, Ltd. Taita Chemical Company, Ltd.	TAITA (BVI) Holding Co., Ltd. Taita Chemical (Zhongshan) Co., Ltd.	Subsidiaries that the Company holds 100% of common equity directly Subsidiaries that the Company's subsidiaries hold 100% of common equity directly	$ 7,661,813 7,661,813	$ 876,800 (USD10,000 thousand) (NTD600,000 thousand) 564,395 (RMB130,000 thousand)	$ 166,080 (USD6,000 thousand) 564,395 (RMB130,000 thousand)	$ - -	$ - -	2.17 7.37	$ 11,492,720 11,492,720	No No	No No	No Yes

Note 1. The amount was calculated based on the spot exchange rate as of December 31, 2021.

Note 2. The total amount of guarantee that may be provided by TTC shall not exceed 150% of TTC's net worth stated on its latest financial statements; the total amount of guarantee provided by TTC to any individual entity shall not exceed 100% of TTC's net worth stated on its latest financial statements.

The total amount of guarantee that may be provided by TTC and its subsidiaries shall not exceed 200% of TTC's net worth stated on the latest financial statements; the total amount of guarantee provided by TTC and its subsidiaries to any individual entity shall not exceed 150% of TTC's net worth stated on the latest financial statements.

107 -

USI CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES HELD

DECEMBER 31, 2021

TABLE 3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account	December 31, 2021	December 31, 2021	December 31, 2021	December 31, 2021	Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
USI CORPORATION	Shares CTCI Corporation KHL IB Venture Capital Co., Ltd. AU Optronics Corporation United Microelectronics Corporation Evergreen Marine Corporation UPC Technology Corporation Quanta Computer Incorporated ShunSin Technology Holdings Limited China Steel Corporation Tungho Steel Corporation Teratech Corp. Fund beneficiary certificates Nomura Taiwan Money Market Fund FSITC Taiwan Money Market Fund Yuanta Wan Tai Money Market Fund Hua Nan Kirin Money Market Fund CTBC Hwa-Win Money Market Fund UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at FVTPL - non- current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss-current	15,130,656 9,954,950 8,514,006 150,000 473,251 700,000 200,000 80,000 650,000 368,500 110,000 3,642,877 15,516,171 5,235,979 19,031,543 3,595,506 7,942,704 20,046,518	$ 562,860 164,720 194,971 9,750 67,438 15,120 18,940 7,440 22,978 24,726 - 60,019 240,055 80,000 230,055 40,008 134,012 329,156	1.98 11.20 0.09 - - - - - - - - - - - - - - -	$ 562,860 164,720 194,971 9,750 67,438 15,120 18,940 7,440 22,978 24,726 - 60,019 240,055 80,000 230,055 40,008 134,012 329,156

(Continued)

108 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account	December 31, 2021	December 31, 2021	December 31, 2021	December 31, 2021	Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
Union Polymer Int'l Investment Corp. Swanlake Traders Ltd. USIFE Investment Co., Ltd.	Taishin Ta-Chong Money Market Fund Capital Money Market Fund Mega Diamond Money Market Fund FSITC Money Market Fund Taishin 1699 Money Market Fund Jih Sun Money Market Fund SinoPac TWD Money Market Fund Beneficiary securities Cathay No. 1 Real Estate Investment Trust Shares Asia Polymer Corporation China General Plastics Corporation Taita Chemical Company, Ltd. Shares SOHOware Inc. TGF Linux Communications Inc. Neurosky Inc. Preferred Stock D Shares AU Optronics Corporation AU Optronics Corporation Wafer Works Corporation Solargiga Energy Holdings Limited	`－` `－` `－` `－` `－` `－` `－` `－` Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method `－` `－` `－` `－` `－` `－` `－`	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at fair value through other comprehensive income - current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current	16,379,377 6,136,287 9,508,754 971,287 19,245,740 16,702,410 7,833,977 3,340,000 22,182,486 4,469,307 434,527 1,150,000 300,000 2,397,364 1,266,061 1,266,061 1,502,433 11,876,111	$ 235,051 100,004 120,548 175,042 263,255 250,321 110,045 $ 60,554 812,988 155,085 15,013 - - - 28,993 28,993 128,458 17,491	- - - - - - - - 3.74 0.77 0.11 1.05 2.14 0.70 0.01 0.01 0.28 0.37	$ 235,051 100,004 120,548 175,042 263,255 250,321 110,045 $ 60,554 812,988 155,085 15,013 - - - 28,993 28,993 128,458 17,491	Note 2 Note 2 Note 2

(Continued)

109 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account	December 31, 2021	December 31, 2021	December 31, 2021	December 31, 2021	Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
Taiwan United Venture Capital Corp.	Dah Chung Bills Finance Corp. Swanson Plastics Corporation USI Optronics Corporation Digimax Inc. Silicon Technology Investment (Cayman) Corp. China General Plastics Corporation Asia Polymer Corporation Taita Chemical Company, Ltd. UPC Technology Corporation China Steel Corporation Tungho Steel Corporation United Microelectronics Corporation Evergreen Marine Corporation ShunSin Technology Holdings Limited Acme Electronics Corporation Superactive Group Company Limited Beneficiary certificates Yuanta De-Li Money Market Fund Fuh Hwa Money Market Cathay Taiwan Money Market Fund Beneficiary certificates Fuh Hwa Money Market	`－` Same chairman Same chairman `－` `－` Same chairman Same chairman Same chairman `－` `－` `－` `－` `－` `－` Same chairman `－` `－` `－` `－` `－`	Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss-current	482,757 9,198,980 165,279 23,234 911,849 550,722 1,714,180 1,338,240 500,000 325,000 150,750 60,000 158,416 25,000 500,000 678,000 4,907,988 3,440,659 5,844,200 3,399,556	$ 7,430 134,029 205 - 50,562 19,110 62,825 46,236 10,800 11,489 10,115 $ 3,900 22,574 2,325 26,750 464 80,837 50,113 73,396 49,514	0.10 5.96 0.25 0.05 1.77 0.09 0.29 0.35 0.04 - 0.02 - - 0.02 0.27 - - - - -	$ 7,430 134,029 205 - 50,562 19,110 62,825 46,236 10,800 11,489 10,115 $ 3,900 22,574 2,325 26,750 464 80,837 50,113 73,396 49,514

(Continued)

110 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account	December 31, 2021	December 31, 2021	December 31, 2021	December 31, 2021	Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
Taiwan United Venture Management Corporation INOMA Corporation USI Optronics Corporation	Cathay Taiwan Money Market Fund Shares Innovation & Infinity Global Corp. Teratech Corp. MiTAC Holdings Corporation Chitec Technology Co., Ltd. Leadwell Cnc Machines Mfg., Corp. Digimax Inc. Orgchem Technologies, Inc. Hexawave Inc. Uranus Chemicals Co., Ltd. Neuro Sky, Inc. Preferred Stock A Neuro Sky, Inc. Preferred Stock B Neuro Sky, Inc. Preferred Stock C Beneficiary certificates Fuh Hwa Money Market Beneficiary certificates Taishin 1699 Money Market Fund Beneficiary certificates Jih Sun Money Market Fund Taishin 1699 Money Market Fund Yuanta De-Bao Money Market Fund	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	Financial assets at fair value through profit or loss - current Financial assets at FVTPL - non- current Financial assets at FVTPL - non- current Financial assets at fair value through other comprehensive income - current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss-current	4,391,849 720,804 90,000 2,062,000 407,072 419,753 518,898 594,594 109,109 14,021 10,000,000 12,595,523 4,532,823 91,730 446,739 1,016,620 887,541 498,596	$ 55,156 - - 72,582 21,677 10,603 - 6,243 817 379 - - - $ 1,336 6,111 15,236 12,140 6,048	- 0.73 0.58 0.17 1.37 0.68 1.18 1.09 0.27 0.03 1.42 1.78 0.64 - - - - -	$ 55,156 - - 72,582 21,677 10,603 - 6,243 817 379 - - - $ 1,336 6,111 15,236 12,140 6,048

(Continued)

111 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December 31,	2021		Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
USI Management Consulting Corporation	Beneficiary certificates Fuh Hwa Money Market		Financial assets at fair value through profit or loss-current	2,747,092	$ 40,011	-	$ 40,011

Note 1. All securities in the table include stocks, bonds, beneficiary certificates and the securities derived from the items above which are regulated by IFRS 9 "Financial Instruments".

Note 2. The amount is already recognized as impairment losses.

Note 3. Please refer to Tables 7 and 8 for detailed information on subsidiaries and associates.

112 -

USI CORPORATION AND SUBSIDIARIES

China General Plastics Corporation

MARKETABLE SECURITIES HELD

DECEMBER 31, 2021

TABLE 3-1

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account	December 31, 2021	December 31, 2021	December 31, 2021	December 31, 2021	Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
China General Plastics Corporation Taiwan VCM Corporation CGPC Polymer Corporation	Beneficiary securities Cathay No. 1 Real Estate Investment Trust Fund beneficiary certificates FSITC Taiwan Money Market Fund Cathay Taiwan Money Market Fund Hua Nan Phoenix Money Market Fund Shares China Steel Corporation Quanta Computer Incorporated Tungho Steel Corporation United Microelectronics Corporation ShunSin Technology Holdings Limited KHL IB Venture Capital Co., Ltd. Shares Asia Polymer Corporation Fund beneficiary certificates Hua Nan Phoenix Money Market Fund FSITC Taiwan Money Market Fund Taishin Ta-Chong Money Market Fund Prudential Financial Money Market Fund Taishin 1699 Money Market Fund	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` With the same main shareholders as CGPC `－` `－` `－` `－` `－`	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at FVTOCI - non- current Financial assets at FVTOCI - non- current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss-current	2,898,000 5,172,035 3,981,272 2,740,627 650,000 125,000 167,500 120,000 51,000 4,977,475 130,244 8,774,597 6,464,876 6,968,690 4,384,646 4,386,606	$ 52,541 80,018 50,000 45,000 22,978 11,837 11,239 7,800 4,743 82,377 4,774 144,075 100,020 100,003 70,118 60,003	- - - - - - - - - 5.95 0.02 - - - - -	$ 52,541 80,018 50,000 45,000 22,978 11,837 11,239 7,800 4,743 82,377 4,774 144,075 100,020 100,003 70,118 60,003	Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1

(Continued)

113 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December 31, 2021	December 31, 2021		Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
CGPC (BVI) Holding Co., Ltd.	Hua Nan Kirin Money Market Fund Taiwan Cooperative Bank Money Market Fund Yuanta De-Li Money Market Fund Shares Teratech Corporation SOHOware, Inc - preferred shares	`－` `－` `－` `－` `－`	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at FVTPL - non- current Financial assets at FVTPL - non- current	4,715,381 2,437,835 971,782 112,000 100,000	$ 57,000 25,000 16,006 $ - -	- - - 0.67 -	$ 57,000 25,000 16,006 $ - -	Note 1 Note 1 Note 1 Notes 1 and 3 Notes 1, 2, and 3

Note 1. No guarantees, pledged loans, or other restrictions on the use of the contract were provided.

Note 2. The preferred shares are not used in the calculation of the shareholding ratio and net worth.

Note 3. As of the year ended December 31, 2021, CGPC evaluated the fair value of equity investment in the company as NT$0.

Note 4. For information about investments in subsidiaries and associated enterprises, please refer to Table 7-3 and 8-3.

114 -

USI CORPORATION AND SUBSIDIARIES

Taita Chemical Company, Ltd.

MARKETABLE SECURITIES HELD

DECEMBER 31, 2021

TABLE 3-2

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December31,	2021		Remark
				Unit/Share	Carrying Amount	Percentage of Ownership (%)	Fair Value
Taita Chemical Company, Ltd. TAITA (BVI) Holding Co., Ltd.	Shares USI CORPORATION Harbinger Venture Capital Corp. UPC Technology Corporation China Steel Corporation Tungho Steel Corporation United Microelectronics Corporation Quanta Computer Incorporated ShunSin Technology Holdings Limited Fund beneficiary certificates FSITC Money Market Fund UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund Yuanta De-Li Money Market Fund Capital Money Market Fund Taishin 1699 Money Market Fund KGI Victory Money Market Fund Beneficiary securities Cathay No. 1 Real Estate Investment Trust Shares Budworth Investment Ltd. Teratech Corporation Sohoware Inc. - Preferred Shares	The parent company `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at FVTOCI`－`non- current Financial assets at FVTPL - non-current Financial assets at FVTPL - non-current	15,109,901 990 700,000 650,000 167,500 120,000 125,000 48,000 554,887 2,963,490 3,777,217 3,036,468 6,136,099 7,310,690 8,552,784 3,280,000 20,219 112,000 100,000	$ 476,718 7 15,120 22,978 11,239 7,800 11,837 4,464 100,000 50,001 62,020 50,012 100,001 100,000 100,000 59,466 6 (USD - thousand ) - -	1.27 0.50 0.05 - 0.02 - - 0.04 - - - - - - - - 2.22 0.73 -	$ 476,718 7 15,120 22,978 11,239 7,800 11,837 4,464 100,000 50,001 62,020 50,012 100,001 100,000 100,000 59,466 6 (USD - thousand ) - -	Note 1 Note 3 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 2 Note 2 Note 2 Note 2 Note 2 Note 2 Note 2 Note 1 Note 3 Note 4 Note 4

Note 1. The fair value was based on the Taiwan Stock Exchange closing price on the last trading day of December 2021. Note 2. The fair value was calculated based on the net asset value on the last trading day of December 2021. Note 3. The fair value is evaluated by the asset method, and is determined by referring to the most recent net worth of the investee company and its observable financial and operating status. Note 4. As of the year ended December 31, 2021, TTC evaluated the fair value of the equity investment as NT$0. Note 5. Please refer t o Tables 7-4 and 8-4 for detailed information on subsidiaries and associates.

115 -

USI CORPORATION AND SUBSIDIARIES

Asia Polymer Corporation

MARKETABLE SECURITIES HELD

DECEMBER 31, 2021

TABLE 3-3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account	December 31,2021	December 31,2021	December 31,2021	December 31,2021	Remark
				Share/Unit	Carrying amount	Percentage of Ownership (%)	Fair Value
Asia Polymer Corporation	Shares Harbinger Venture Capital Corp. Riselink Venture Capital Corp. KHL IB Venture Capital Co., Ltd. USI CORPORATION CTCI Corporation AU Optronics Corporation Wafer Works Corporation Quanta Computer Incorporated Evergreen Marine Corporation United Microelectronics Corporation Tungho Steel Corporation China Steel Corporation ShunSin Technology Holdings Limited UPC Technology Corporation Beneficiary securities Cathay No. 1 Real Estate Investment Trust Beneficiary certificates Mega Diamond Money Market Fund Jih Sun Money Market Fund Prudential Financial Money Market Fund Taishin 1699 Money Market Fund CTBC Hwa-Win Money Market Fund	`－` `－` `－` Parent company `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss-current	2,377 2,632 9,954,950 101,355,673 14,446,107 9,618,516 518,668 200,000 473,251 150,000 368,500 650,000 70,000 700,000 3,316,000 5,095,391 20,955,933 2,509,725 4,388,163 5,392,241	$ 17 221 164,755 3,197,772 537,395 220,264 44,346 18,940 67,438 9,750 24,726 22,978 6,510 15,120 60,119 64,597 314,069 40,134 60,024 60,000	1.20 1.67 11.90 8.53 1.89 0.10 0.10 0.01 0.01 - 0.05 - 0.07 0.05 - - - - - -	$ 17 221 164,755 3,197,772 537,395 220,264 44,346 18,940 67,438 9,750 24,726 22,978 6,510 15,120 60,119 64,597 314,069 40,134 60,024 60,000

(Continued)

116 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December 31,2021	December 31,2021		Remark
				Share/Unit	Carrying amount	Percentage of Ownership (%)	Fair Value
APC (BVI) Holding Co., Ltd. APC Investment Corporation	FSITC Taiwan Money Market Fund Hua Nan Kirin Money Market Fund Shares Budworth Investment Ltd. Silicon Technology Investment (Cayman) Corp. - Preferred Shares Neurosky Inc. - Preferred Stock D Solargiga Energy Holdings Ltd. Teratech Corp. TGF Linux Communication, Inc. - Preferred Shares Sohoware Inc. - Preferred Shares Boldworks, Inc. - Preferred Shares Shares USI CORPORATION United Microelectronics Corporation Evergreen Marine Corporation UPC Technology Corporation China Steel Corporation Tungho Steel Corporation ShunSin Technology Holdings Limited Beneficiary certificates Cathay Taiwan Money Market Fund	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` Parent company `－` `－` `－` `－` `－` `－` `－`	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTOCI`－`non- current Financial assets at FVTPL - non- current Financial assets at FVTPL - non- current Financial assets at FVTPL - non- current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current	6,466,507 14,478,773 40,467 1,139,776 2,397,364 15,863,333 112,000 300,000 450,000 689,266 44,808 60,000 158,416 500,000 325,000 150,750 25,000 1,292,518	$ 100,045 175,021 8 63,199 - $ 23,364 - - - - 1,414 3,900 22,574 10,800 11,489 10,115 2,325 16,233	- - 4.45 2.21 0.37 0.48 0.67 - - - - - - 0.04 - 0.02 0.02 -	$ 100,045 175,021 8 63,199 - $ 23,364 - - - - 1,414 3,900 22,574 10,800 11,489 10,115 2,325 16,233	Note 1 Note 1 Note 1 Note 1 Note 1

Note 1. As a result of the recognition of investment losses over the years, the book value of APC's long-term equity investments in the company is 0.

Note 2. Please refer to Tables 7-5 and 8-5 for detailed information on subsidiaries and associates.

117 -

USI CORPORATION AND SUBSIDIARIES

China General Terminal & Distribution Co. MARKETABLE SECURITIES HELD DECEMBER 31, 2021

TABLE 3-4

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		December31,	2021		Remark
				Share/Unit	Carrying amount	Percentage of Ownership (%)	Fair Value
China General Terminal & Distribution Co.	Shares Asia Polymer Corporation China General Plastics Corporation Taita Chemical Company, Ltd. China Steel Corporation	Investee Companies Using Equity Method for CGTD Investee Companies Using Equity Method for CGTD Investee Companies Using Equity Method for CGTD `－`	Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at FVTOCI`－` non-current Financial assets at fair value through profit or loss - current	5,290,482 2,940,788 2,169,731 499,552	$ 193,896 102,045 74,964 17,659	0.89 0.51 0.57 -	$ 193,896 102,045 74,964 17,659	Note 1 Note 1 Note 1 Note 2

Note 1. No guarantees, pledged loans, or other restrictions on the use of the contract were provided. Note 2. 257,000 shares were provided to Taiwan Water Corporation as a provisional attachment.

118 -

Table 4

USI CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES ACQUIRED OR DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

Unit: In Thousands of New Taiwan Dollars, Unless Stated Otherwise

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	BeginningBalance (Note)	BeginningBalance (Note)	Acquisition	Acquisition		Sell	Sell		December31,2021(Note)	December31,2021(Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit/Share	Amount
USI CORPORATION (Continued)	Beneficiary certificates FSITC Money Market Fund FSITC Taiwan Money Market Fund UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Yuanta De-Li Money Market Fund Shin Kong Chi-Shin Money-Market Fund Capital Money Market Fund Jih Sun Money Market Fund Taishin Ta-Chong Money Market Fund SinoPac TWD Money Market Fund CTBC Hwa-Win Money Market Fund Taishin 1699 Money Market Fund Nomura Taiwan Money Market Fund	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current	- - - - - - - - - - - - - -	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	372,668 3,969,627 - 16,662,140 5,884,596 - 12,815,912 7,379,140 16,833,145 20,116,313 - 9,003,412 5,497,139 -	$ 67,000 61,000 - 273,000 71,000 - 200,000 120,000 249,200 288,000 - 100,000 75,000 -	1,526,966 40,295,984 55,760,130 93,409,004 73,284,778 9,118,948 1,921,574 14,123,876 16,702,410 29,641,446 14,958,057 76,924,890 24,155,195 18,836,125	$ 275,000 623,000 940,000 1,532,000 885,000 150,000 30,000 230,000 250,000 425,000 210,000 855,000 330,000 310,000	928,347 28,749,440 47,817,426 90,024,626 60,137,831 9,118,948 14,737,486 15,366,731 16,833,145 33,378,382 7,124,080 82,332,796 10,406,596 15,193,248	$ 167,114 444,505 806,264 1,476,294 726,186 150,110 230,041 250,140 251,765 478,143 100,007 915,166 142,030 250,037	$ 167,000 444,000 806,000 1,476,000 726,000 150,000 230,000 250,000 249,200 478,000 100,000 915,000 142,000 250,000	$ 114 505 264 294 186 110 41 140 2,565 143 7 166 30 37	971,287 15,516,171 7,942,704 20,046,518 19,031,543 - - 6,136,287 16,702,410 16,379,377 7,833,977 3,595,506 19,245,740 3,642,877	$ 175,000 240,000 134,000 329,000 230,000 - - 100,000 250,000 235,000 110,000 40,000 263,000 60,000

119 -

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	Beginning Balance (Note)	Beginning Balance (Note)	Acquisition	Acquisition		Sell	Sell		December 31, 2021 (Note)	December 31, 2021 (Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit/Share	Amount
USIFE Investment Co., Ltd. Taiwan United Venture Capital Corp. USI Optronics Corporation INOMA Corporation	Cathay Taiwan Money Market Fund Deutsche Far Eastern DWS Taiwan Money Market Fund Taiwan Cooperative Bank Money Market Fund Beneficiary certificates Yuanta De-Li Money Market Fund Cathay Taiwan Money Market Fund Beneficiary certificates Cathay Taiwan Money Market Fund Beneficiary certificates Jih Sun Money Market Fund Taishin 1699 Money Market Fund Beneficiary certificates Taishin 1699 Money Market Fund	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current	- - - - - - - - -	`－` `－` `－` `－` `－` `－` `－` `－` `－`	- - - 1,870,081 3,451,207 4,391,849 1,016,620 1,257,350 595,654	- - - 30,284 42,238 55,000 $ 15,000 17,000 8,000	11,164,746 11,007,434 55,054,836 3,037,907 2,392,993 - - - -	$ 140,000 130,000 564,000 50,000 30,000 - $ - - -	11,164,746 11,007,434 55,054,836 - - - - 369,809 148,915	$ 140,021 130,011 564,083 - - - $ - 5,048 2,035	$ 140,000 130,000 564,000 - - - $ - 5,000 2,000	$ 21 11 83 - - - $ - 48 35	- - - 4,907,988 5,844,200 4,391,849 $ 1,016,620 887,541 446,739

Note: The ending amount of beneficiary certificates denotes the original acquisition cost.

120 -

USI CORPORATION AND SUBSIDIARIES

China General Plastics Corporation

MARKETABLE SECURITIES ACQUIRED OR DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

Table 4-1

Unit: In Thousands of New Taiwan Dollars, Unless Stated Otherwise

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationshi p	Beginning Balance (Note)	Beginning Balance (Note)	Acquisition	Acquisition	Sell	Sell	Sell	Sell	December 31, 2021 (Note)	December 31, 2021 (Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit/Share	Amount
China General Plastics Corporation Taiwan VCM Corporation	Beneficiary certificates FSITC Money Market Fund FSITC Taiwan Money Market Fund UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Yuanta De-Li Money Market Fund Shin Kong Chi-Shin Money-Market Fund Capital Money Market Fund Jih Sun Money Market Fund Taishin Ta-Chong Money Market Fund SinoPac TWD Money Market Fund CTBC Hwa-Win Money Market Fund Account Taishin 1699 Money Market Fund Nomura Taiwan Money Market Fund Cathay Taiwan Money Market Fund Taiwan Cooperative Bank Money Market Fund Beneficiary certificates FSITC Money Market Fund FSITC Taiwan Money Market Fund	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - current	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	- - - - - - 6,407,463 - - 4,190,295 - 4,501,666 7,255,248 - - - 278,042 3,240,147	$ - - - - - - 100,000 - - 60,000 - 50,000 99,000 - - - 50,000 50,000	3,109,635 27,031,631 2,670,433 27,133,187 15,721,963 15,012,916 7,046,540 6,140,847 6,677,975 40,879,691 7,121,696 46,771,745 13,909,262 24,661,509 7,967,178 11,718,808 - 25,887,463	$ 560,000 418,000 45,000 445,000 190,000 247,000 110,000 100,000 100,000 586,000 100,000 520,000 190,000 406,000 100,000 120,000 - 400,000	3,109,635 21,859,596 2,670,433 24,392,560 15,721,963 15,012,916 13,454,003 6,140,847 6,677,975 45,069,986 7,121,696 51,273,411 21,164,509 24,661,509 3,985,906 11,718,808 278,042 29,127,610	$ 560,061 338,047 45,005 400,077 190,017 247,019 210,019 100,032 100,040 646,101 100,010 570,046 289,085 406,049 50,002 120,018 50,018 450,075	$ 560,000 338,000 45,000 400,000 190,000 247,000 210,000 100,000 100,000 646,000 100,000 570,000 289,000 406,000 50,000 120,000 50,000 450,000	$ 61 47 5 77 17 19 19 32 40 101 10 46 85 49 2 18 18 75	- 5,172,035 - 2,740,627 - - - - - - - - - - 3,981,272 - - -	$ - 80,000 - 45,000 - - - - - - - - - - 50,000 - - -
(Continued)

121 -

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationshi p	Beginning Balance (Note)	Beginning Balance (Note)	Acquisition	Acquisition	Sell	Sell	Sell	Sell	December 31, 2021 (Note)	December 31, 2021 (Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit/Share	Amount
	UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Shin Kong Chi-Shin Money-Market Fund	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current	`－` `－` `－` `－`	`－` `－` `－` `－`	- 610,344 - -	- 10,000 - -	11,872,783 12,200,702 8,284,524 2,561,689	$ 200,000 200,000 100,000 40,000	11,872,783 12,811,046 8,284,524 2,561,689	$ 200,012 210,025 100,013 40,006	$ 200,000 210,000 100,000 40,000	$ 12 25 13 6	- - - -	- - - -
CGPC Polymer Corporation	Capital Money Market Fund Jih Sun Money Market Fund Taishin Ta-Chong Money Market Fund CTBC Hwa-Win Money Market Fund Account Taishin 1699 Money Market Fund Nomura Taiwan Money Market Fund Taiwan Cooperative Bank Money Market Fund Beneficiary certificates FSITC Money Market Fund FSITC Taiwan Money Market Fund Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Yuanta De-Li Money Market Fund Shin Kong Chi-Shin Money-Market Fund Capital Money Market Fund Taishin Ta-Chong Money Market Fund SinoPac TWD Money Market Fund Taishin 1699 Money Market Fund	Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss - current	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	4,611,100 669,954 6,983,874 - 3,664,588 - - 250,312 3,178,916 7,629,121 3,315,451 - 1,601,866 11,991,180 8,941,582 - 15,393,455	$ 75,000 10,000 100,000 - 50,000 - - 45,000 49,000 125,000 40,000 - 25,000 195,000 128,000 - 210,000	5,529,478 - 22,338,288 8,999,199 5,128,431 6,079,434 14,647,150 1,999,224 36,160,382 16,094,751 48,446,773 7,288,364 2,625,640 - 37,239,819 7,121,442 17,554,152	$ 90,000 - 320,000 100,000 70,000 100,000 150,000 360,000 559,000 264,000 585,000 120,000 41,000 - 534,000 100,000 240,000	10,140,578 669,954 29,322,162 8,999,199 8,793,018 6,079,434 14,647,150 2,249,535 32,874,421 14,949,274 47,046,842 6,316,582 4,227,506 11,991,180 39,212,712 7,121,442 28,561,000	$ 165,036 10,029 420,059 100,004 120,044 100,009 150,009 405,209 508,400 245,056 568,067 104,027 66,027 195,224 562,343 100,011 390,140	$ 165,000 10,000 420,000 100,000 120,000 100,000 150,000 405,000 508,000 245,000 568,000 104,000 66,000 195,000 562,000 100,000 390,000	$ 36 29 59 4 44 9 9 209 400 56 67 27 27 224 343 11 140	- - - - - - - - 6,464,876 8,774,597 4,715,381 971,782 - - 6,968,690 - 4,386,606	$ - - - - - - - - 100,000 144,000 57,000 16,000 - - 100,000 - 60,000

(Continued)

122 -

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationshi p	Beginning Balance (Note)	Beginning Balance (Note)	Acquisition	Acquisition		Sell	Sell		December 31, 2021 (Note)	December 31, 2021 (Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit/Share	Amount
	Nomura Taiwan Money Market Fund Cathay Taiwan Money Market Fund Taiwan Cooperative Bank Money Market Fund	Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current	`－` `－` `－`	`－` `－` `－`	- - -	- - -	3,040,475 3,986,923 50,169,944	$ 50,000 50,000 514,000	3,040,475 3,986,923 47,732,109	$ 50,002 50,037 489,062	$ 50,000 50,000 489,000	$ 2 37 62	- - 2,437,835	- - 25,000

Note: The beginning and ending amount denote the original acquisition cost.

123 -

USI CORPORATION AND SUBSIDIARIES

Taita Chemical Company, Ltd.

MARKETABLE SECURITIES ACQUIRED OR DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 4-2

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	Beginning Balance (Note)	Beginning Balance (Note)	Acquisition	Acquisition		Sell	Sell		December 31, 2021 (Note)	December 31, 2021 (Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit	Amount
Taita Chemical Company, Ltd.	Beneficiary certificates FSITC Money Market Fund FSITC Taiwan Money Market Fund UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Shin Kong Chi-Shin Money-Market Fund Capital Money Market Fund Jih Sun Money Market Fund Taishin Ta-Chong Money Market Fund CTBC Hwa-Win Money Market Fund Account Taishin 1699 Money Market Fund Nomura Taiwan Money Market Fund Taiwan Cooperative Bank Money Market Fund	Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss–current	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	- - - 5,248,671 6,962,057 - 5,225,881 3,022,043 - - - - -	$ - - - 86,000 84,000 - 85,000 45,000 - - - - -	554,887 16,171,818 21,822,997 36,399,248 37,264,857 15,193,275 18,423,866 5,208,229 10,118,419 33,288,910 12,439,228 3,040,475 24,986,010	$ 100,000 250,000 368,000 597,000 450,000 250,000 300,000 78,000 145,000 370,000 170,000 50,000 256,000	- 16,171,818 18,859,507 37,870,702 44,226,914 12,156,807 17,513,648 8,230,272 10,118,419 33,288,910 5,128,538 3,040,475 24,986,010	$ - 250,052 318,049 621,110 534,088 200,081 285,109 123,212 145,066 370,034 70,019 50,008 256,018	$ - 250,000 318,000 621,000 534,000 200,000 285,000 123,000 145,000 370,000 70,000 50,000 256,000	$ - 52 49 110 88 81 109 212 66 34 19 8 18	554,887 - 2,963,490 3,777,217 - 3,036,468 6,136,099 - - - 7,310,690 - -	$ 100,000 - 50,000 62,000 - 50,000 100,000 - - - 100,000 - -

Note: The ending amount of beneficiary certificates denotes the original acquisition cost.

124 -

USI CORPORATION AND SUBSIDIARIES

Asia Polymer Corporation

MARKETABLE SECURITIES ACQUIRED OR DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 4-3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	Beginning Balance (Note)	Beginning Balance (Note)	Acquisition	Acquisition	Sell	Sell	Sell	Sell	December 31, 2021 (Note)	December 31, 2021 (Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit/Share	Amount
Asia Polymer Corporation	Beneficiary certificates FSITC Money Market Fund FSITC Taiwan Money Market Fund UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Yuanta De-Li Money Market Fund Shin Kong Chi-Shin Money-Market Fund Capital Money Market Fund Jih Sun Money Market Fund Taishin Ta-Chong Money Market Fund CTBC Hwa-Win Money Market Fund Account Taishin 1699 Money Market Fund Nomura Taiwan Money Market Fund Deutsche Far Eastern DWS Taiwan Money Market Fund	Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	`－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－` `－`	- 3,564,088 - - 6,381,916 - - 2,152,072 16,818,904 - 5,672,048 12,021,036 - -	$ - 55,000 - - 77,000 - - 35,000 249,600 - 63,000 164,000 - -	833,164 22,967,753 21,349,174 9,145,357 16,550,041 3,645,688 640,365 1,843,035 4,137,029 26,519,389 5,392,241 37,687,142 1,520,237 19,485,559	$ 150,000 355,000 360,000 150,000 200,000 60,000 10,000 30,000 62,000 380,000 60,000 515,000 25,000 230,000	833,164 20,065,334 21,349,174 9,145,357 8,453,185 3,645,688 640,365 3,995,106 - 26,519,389 5,672,048 45,320,015 1,520,237 19,485,559	$ 150,024 310,114 360,027 150,040 102,017 60,001 10,001 65,026 - 380,063 63,012 619,166 25,003 230,039	$ 150,000 310,000 360,000 150,000 102,000 60,000 10,000 65,000 - 380,000 63,000 619,000 25,000 230,000	$ 24 114 27 40 17 1 1 26 - 63 12 166 3 39	- 6,466,507 - - 14,478,773 - - - 20,955,933 - 5,392,241 4,388,163 - -	$ - 100,000 - - 175,000 - - - 311,600 - 60,000 60,000 - -

(Continued)

125 -

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	Beginning Balance (Note)	Beginning Balance (Note)	Acquisition	Acquisition		Sell	Sell		December 31, 2021 (Note)	December 31, 2021 (Note)
					Unit/Share	Amount	Unit/Share	Amount	Unit/Share	Selling price	Carrying Cost	Gain on disposal	Unit/Share	Amount
APC Investment Corporation	Taiwan Cooperative Bank Money Market Fund Beneficiary certificates Cathay Taiwan Money Market Fund	Financial assets at fair value through profit or loss – current Financial assets at fair value through profit or loss – current	`－` `－` `－`	`－` `－` `－`	- - 499,525	$ - 6,115	4,880,811 2,392,993	$ 50,000 30,000	4,880,811 1,600,000	$ 50,003 20,083	$ 50,000 19,977	$ 3 106	- 1,292,518	$ - 16,138

Note: The ending amount of beneficiary certificates denotes the original acquisition cost.

126 -

USI CORPORATION AND SUBSIDIARIES

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 5

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Buyer/Seller	Counterparty	Relationship	Transaction Details	Transaction Details	Transaction Details		Abnormal Transaction andReasons	Abnormal Transaction andReasons	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Remark
			Purchase/Sale	Amount	Ratio to Total Purchase (Sale) (%)	Credit Terms	Unit Price	Credit Terms	Ending Balance	Ratio to Total Notes or Accounts Receivable (Payable) (%)
USI CORPORATION USI (Hong Kong) Company Ltd. Forever Young Company Limited	Asia Polymer Corporation Asia Polymer Corporation USI (Hong Kong) Company Ltd. USI Trading (Shanghai) Co., Ltd. Forever Young Company Limited USI CORPORATION USI CORPORATION	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Parent company Parent company	Purchase Sale Sale Sale Sale Purchase Purchase	$ 1,673,947 ( 213,766 ) ( 220,464 ) ( 214,853 ) ( 114,343 ) 220,464 114,343	15.99 ( 0.30 ) ( 0.31 ) ( 0.30 ) ( 0.16 ) 2.11 1.09	Within 60 days after purchasing on credit Within 60 days after selling on credit Within 60 days after selling on credit Within 60 days after selling on credit Within 60 days after selling on credit Within 60 days after purchasing on credit Within 60 days after purchasing on credit	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	( $ 390,410 ) - 23,142 46,493 24,324 ( 23,142 ) ( 24,324 )	( 27.61 ) - 1.06 2.12 1.11 ( 1.64 ) ( 1.72 )

127 -

USI CORPORATION AND SUBSIDIARIES

Acme Electronics Corporation

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 5-1

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Buyer/Seller	Counterparty	Relationship	Transaction Details	Transaction Details	Transaction Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Remark
			Purchase/Sale	Amount	Ratio to Total Purchase (Sale) (%)	Credit Terms	Unit Price	Credit Terms	Ending Balance	Ratio to Total Notes or Accounts Receivable (Payable) (%)
Acme Electronics Corporation Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics Corporation Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics Corporation Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. ACME Ferrite Products Sdn.Bhd.	Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics Corporation Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics Corporation Acme Electronics (Kunshan) Co., Ltd. Acme Electronics Corporation ACME Ferrite Products Sdn. Bhd. Acme Electronics (Kunshan) Co.,Ltd.	Subsidiary of GAEL Subsidiary of GAEL Subsidiary of GAEL Subsidiary of GAEL Subsidiary of ACME (Cayman) Subsidiary of ACME (Cayman) Subsidiary of ACME (Cayman) Subsidiary of ACME (Cayman)	Purchase (including processing fee) Sale (including processing fee) Sale Purchase Sale Purchase Sale Purchase	$ 429,667 ( 429,667 ) ( 130,997 ) 130,997 ( 263,484 ) 263,484 ( 131,681 ) 136,681	39 ( 33 ) ( 10 ) 54 ( 20 ) 69 ( 12 ) 41	55 days 55 days 55 days 55 days 55 days 55 days 55 days 55 days	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	( $ 88,153 ) 88,153 23,131 ( 23,131 ) 59,933 ( 59,933 ) 20,766 ( 20,766 )	( 40 ) 26 7 ( 45 ) 19 ( 73 ) 6 ( 38 )

Note: All the transactions were written off when preparing the consolidated financial statements.

128 -

USI CORPORATION AND SUBSIDIARIES

Swanson Plastics Corporation

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 5-2

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Buyer/Seller	Counterparty	Relationship		Transaction Details	Transaction Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Remark
			Purchase/Sale	Amount	Ratio to Total Purchase (Sale) (%)	Credit Terms	Unit Price	Credit Terms	Ending Balance	Ratio to Total Notes or Accounts Receivable (Payable) (%)
Swanson Plastics (Singapore) Pte., Ltd. Forever Young Company Limited Swanson Plastics (Kunshan) Co., Ltd. Swanson Plastics (Malaysia) Sdn. Bhd. ASK-Swanson (Kunshan) Co., Ltd. PT.Swanson Plastics Indonesia	Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Kunshan) Co., Ltd. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. PT.Swanson Plastics Indonesia USI Corporation Forever Young Company Limited ASK-Swanson (Kunshan) Co., Ltd. Forever Yong Company Limited Forever Yong Company Limited Swanson Plastics (Singapore) Pte., Ltd. Swanson Plastics (Kunshan) Co., Ltd. Forever Young Company Limited	Subsidiary Have the same ultimate parent company Have the same ultimate parent company Have the same ultimate parent company Have the same ultimate parent company Ultimate parent company Have the same ultimate parent company Have the same ultimate parent company Have the same ultimate parent company Have the same ultimate parent company Parent company Have the same ultimate parent company Have the same ultimate parent company	Purchase Sale Purchase Sale Sale Purchase Purchase Sale Sale Purchase Sale Purchase Purchase	$ 197,368 ( 339,983 ) 129,538 ( 368,006 ) ( 124,689 ) 110,630 339,983 ( 140,529 ) ( 129,538 ) 368,006 ( 197,368 ) 140,529 124,689	78 ( 33 ) 13 ( 36 ) ( 12 ) 11 33 ( 12 ) ( 13 ) 50 ( 20 ) 51 42	90 days 90 days 90 days 90 days 90 days 75 days 90 days 60 days 90 days 90 days 90 days 60 days 90 days	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	Accounts payable to related parties ($38,773) Accounts receivable from related parties NT$26,315 Accounts payable to related parties ($14,376) Accounts receivable from related parties NT$42,871 Accounts receivable from related parties NT$9,714 Accounts payable to related parties ($13,712) Accounts payable to related parties ($26,315) Accounts receivable from related parties NT$36,280 Accounts receivable from related parties NT$14,376 Accounts payable to related parties ($42,871) Accounts receivable from related parties NT$38,773 Accounts payable to related parties ($36,280) Accounts payable to related parties ($9,714)	( 91 ) 26 ( 7 ) 42 10 ( 7 ) ( 18 ) 12 9 ( 49 ) 23 ( 77 ) ( 38 )

Note: All the transactions were written off when preparing the consolidated financial statements.

129 -

USI CORPORATION AND SUBSIDIARIES

China General Plastics Corporation

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 5-3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Buyer/Seller	Counterparty	Relationship	Transaction Details	Transaction Details	Transaction Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Remark
			Purchase/Sale	Amount	Ratio to Total Purchase (Sale) (%)	Credit Terms	Unit Price	Credit Terms	Ending Balance	Ratio to Total Notes or Accounts Receivable (Payable) (%)
China General Plastics Corporation Taiwan VCM Corporation CGPC Polymer Corporation CGPC America Corporation	Taiwan VCM Corporation CGPC America Corporation China General Plastics Corporation CGPC Polymer Corporation Taiwan VCM Corporation China General Plastics Corporation	Subsidiary Subsidiary Parent company Fellow company Fellow company Parent company	Purchase Sale Sale Sale Purchase Purchase	$ 7,071,763 ( 679,417 ) ( 7,071,763 ) ( 6,585,350 ) 6,585,350 679,417	79 ( 6 ) ( 48 ) ( 45 ) 97 89	45 days 90 days 45 days 75 days 75 days 90 days	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	Accounts payable to related parties ($1,489,862) Accounts receivable from related parties NT$189,714 Accounts receivable from related parties NT$1,489,862 Accounts receivable from related parties NT$1,361,638 Accounts payable to related parties ($1,361,638) Accounts payable to related parties ($189,714)	( 87 ) 14 47 43 ( 98 ) ( 98 )

Note: All the transactions were written off when preparing the consolidated financial statements.

130 -

USI CORPORATION AND SUBSIDIARIES

Taita Chemical Company, Ltd.

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 5-4

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Buyer/Seller	Counterparty	Relationship		Transaction	Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Remark
			Purchase/Sale	Amount	Ratio to Total Purchase (Sale) (%)	Credit Terms	Unit Price	Credit Terms	Ending Balance	Ratio to Total Notes or Accounts Receivable (Payable) (%)
Taita Chemical Company, Ltd.	Taita Chemical (Zhongshan) Co., Ltd.	Sub-subsidiary	Sale	( $ 1,049,003 ) (USD37,578 thousand)	( 6.67 )	30 days	No significant difference	No significant difference	Accounts receivable from related parties NT$542 (USD20 thousand)	0.03

Note: All the transactions were written off when preparing the consolidated financial statements.

131 -

USI CORPORATION AND SUBSIDIARIES

Asia Polymer Corporation

TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 5-5

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Buyer/Seller	Counterparty	Relationship		Transaction Details	Transaction Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Remark
			Purchase/Sale	Amount	Ratio to Total Purchase (Sale) (%)	Credit Terms	Unit Price	Credit Terms	Ending Balance	Ratio to Total Notes or Accounts Receivable (Payable) (%)
Asia Polymer Corporation Asia Polymer Corporation USI Trading (Shanghai) Co., Ltd.	USI CORPORATION USI CORPORATION USI CORPORATION	Ultimate parent company Ultimate parent company Ultimate parent company	Sale Purchase Purchase	( $ 1,673,192 ) 213,752 216,155	( 17.50 ) 4.53 4.59	60 days 30 days 30 days	No significant difference No significant difference No significant difference	No significant difference No significant difference No significant difference	Accounts receivable – related parties NT$399,887 Accounts payable to related parties ($28,177) Accounts payable to related parties ($46,493)	28.17 ( 9.45 ) ( 15.59 )

Note: All the transactions were written off when preparing the consolidated financial statements.

132 -

USI CORPORATION AND SUBSIDIARIES

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

DECEMBER 31, 2021

TABLE 6

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Counterparty	Relationship	Ending Balance	Turnover Rate (%)	Overdue	Overdue	Amounts Received in Subsequent Period (Note2)	Allowance for Impairment Loss
					Amount	Actions Taken
USI Corporation	Taiwan VCM Corporation Asia Polymer Corporation USI Green Energy Corporation	Subsidiary of the Company Subsidiary of the Company Subsidiary of the Company	Other receivables – related parties NT$227,039 Other receivables – related parties NT$228,869 Other receivables – related parties NT$125,001	- - -	$ - - -	`－` `－` `－`	$ 227,039 228,869 125,001	Note 1 Note 1 Note 1

Note 1. It is assessed that no allowance for impairment loss is needed.

Note 2. The subsequent period refers to the period from January 1, 2022 to March 10, 2022.

133 -

USI CORPORATION AND SUBSIDIARIES

Swanson Plastics Corporation

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

DECEMBER 31, 2021

TABLE 6-1

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Counterparty	Relationship	Ending Balance	Turnover Rate (%)	Overdue	Overdue	Amounts Received in Subsequent Period (Note 2)	Allowance for Impairment Loss
					Amount	Actions Taken
ASK-Swanson (Kunshan) Co., Ltd.	Swanson Plastics (Tianjin) Co., Ltd.	Fellow company	Other accounts receivable – related parties NT$165,717 (RMB38,170 thousand)	-	$ -	`－`	$ -	Note 1

Note 1. It is assessed that no allowance for impairment loss is needed.

Note 2. The subsequent period refers to the period from January 1, 2022 to March 8, 2022.

Note 3. All the transactions were written off when preparing the consolidated financial statements.

134 -

USI CORPORATION AND SUBSIDIARIES

China General Plastics Corporation

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

DECEMBER 31, 2021

TABLE 6-2

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Counterparty	Relationship	Ending Balance	Turnover Rate (%)	Overdue	Overdue	Amounts Received in Subsequent Period (Note 2)	Allowance for Impairment Loss
					Amount	Actions Taken
China General Plastics Corporation Taiwan VCM Corporation	CGPC America Corporation China General Plastics Corporation CGPC Polymer Corporation	Subsidiary Parent company Fellow company	Accounts receivable – related parties NT$189,714 Accounts receivable – related parties NT$1,489,862 Accounts receivable – related parties NT$1,361,638	4.52 5.53 4.70	$ - - -	`－` `－` `－`	$ 84,313 1,489,862 1,361,638	Note 1 Note 1 Note 1

Note 1. It is assessed that no allowance for impairment loss is needed.

Note 2. The subsequent period refers to the period from January 1, 2022 to February 24, 2022.

Note 3. All the transactions were written off when preparing the consolidated financial statements.

135 -

USI CORPORATION AND SUBSIDIARIES

Taita Chemical Company, Ltd.

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

DECEMBER 31, 2021

TABLE 6-3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Company Name	Counterparty	Relationship	Ending Balance	Turnover Rate (%)	Overdue	Overdue	Amounts Received in Subsequent Period (Note 2)	Allowance for Impairment Loss
					Amount	Actions Taken
Taita Chemical Company, Ltd.	Taita Chemical (Tianjin) Co., Ltd.	Sub-subsidiary	Other receivables NT$ 256,014 (USD9,249 thousand) (Note 1)	-	$ 256,014	Continuous Collection	$ -	$ -

Note 1. The other receivables of Taita Chemical Co., Ltd. are from selling raw materials to Taita Chemical (Tianjin) Co., Ltd., and transferred to other receivables since it had exceeded the normal credit term by a certain period.

Note 2. There was no amount received as of March 9, 2022.

Note 3. All the transactions were written off when preparing the consolidated financial statements.

136 -

USI CORPORATION AND SUBSIDIARIES

Asia Polymer Corporation

RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL

DECEMBER 31, 2021

TABLE 6-4

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

				Turnover	Od	Od	Amounts Received	Allowance
Company Name	Counterparty	Relationship	Ending Balance	Rate (%)	verue		in Subsequent Period (Note 2)	for Impairment Loss
					Amount	Actions Taken
(Asia Polymer Corporation)	USI CORPORATION	Parent company	Accounts receivable – related parties NT$399,887 Other accounts receivable – related parties NT$2	5.68	$ - -	`－` `－`	$ 399,887 2	Note 1 Note 1

Note 1. It is assessed that no allowance for impairment loss is needed.

Note 2. The subsequent period refers to the period from January 1, 2022 to March 9, 2022.

Note 3. All the transactions were written off when preparing the consolidated financial statements.

137 -

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 7

USI CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTEES

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount	Original Investment Amount	As of December 31, 2021	As of December 31, 2021	As of December 31, 2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021	Investment Gain (Loss) for the Year Ended December 31, 2021	Remark
				December 31, 2021	December 31, 2020	Number of Shares	Percentage (%)	Carrying Amount
USI CORPORATION Ever Conquest Global Limited Ever Victory Global Limited Union Polymer Int’l Investment Corp.	USIFE Investment Co., Ltd. Swanlake Traders Ltd. USI (Hong Kong) Company Ltd. Union Polymer Int’l Investment Corp. Taiwan United Venture Capital Corp. Chong Loong Trading Co., Ltd. Swanson Plastics Corporation (Acme Electronics Corporation) INOMA Corporation USI Management Consulting Corp. Cypress Epoch Limited Ever Conquest Global Limited USI Optronics Corporation USI Green Energy Corporation Ever Victory Global Limited Dynamic Ever Investments Limited Taita Chemical Company, Ltd. (Asia Polymer Corporation) China General Plastics Corporation	12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) Citco Building, Wickhamo Cay, P.O. Box 662, Road Town, Tortola, British Virgin Islands 6/F., Caltex House, 258 Hennessy Road, Hong Kong 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 10F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 8F., No. 39, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola VG1110 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands Room 1902, 19/F, Lee Gargen One, 33 Hysan Aveme, Causeway Bay, Hong Kong 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC)	Investments in production, transportation, warehousing, construction, banking, securities investment companies and trading companies Trading and investment Trading and investment Investments in various production and service businesses Venture capital (focused on “high technology industry”) Import and export trade Production and marketing of stretch film, embossed film and industrial-use multilayer wrap Production and marketing of manganese-zinc soft ferrite powder Optical products and fireproof materials Providing management services Investment Investment Manufacturing and marketing of sapphire single crystal Solar power generation business Investment business Investment business Production and marketing of polystyrene, propylene, butadiene, ABS resin, SAN resin, glass wool insulation products and plastic materials Production and marketing of low- density polyethylene, medium- density polyethylene, ethylene vinyl acetate and importing and marketing of linear low-density polyethylene and high-density polyethylene Production and marketing of plastic cloths, plastic skins, plastic tubes, plastic pellets, plastic powder and other related products	$ 550,000 728,439 63,482 3,490,255 471,800 28,323 171,210 221,513 250,354 1,000 - 7,645,980 330,000 70,100,000 11,546,574 (USD417,145 thousand) 16,299,368 (USD588,850 thousand) 1,749,212 1,965,437 1,320,045	$ 550,000 728,439 63,482 3,490,255 471,800 28,323 171,210 221,513 250,354 1,000 150,540 7,645,980 330,000 - 11,546,574 (USD417,145 thousand) 16,299,368 (USD588,850 thousand) 1,749,212 1,965,437 1,320,045	87,250,800 30,000,000 159,999 746,722,725 25,900,000 5,333,059 62,616,299 49,250,733 9,243,369 671,400 - 246,670,000 33,000,000 7,010,000 417,145,000 588,850,000 138,863,816 192,063,336 140,609,929	100.00 100.00 100.00 100.00 70.00 99.93 40.58 26.91 94.37 100.00 - 59.13 50.85 100.00 67.40 85.00 36.67 32.35 24.20	$ 1,088,028 1,270,746 63,676 10,447,388 190,601 65,330 1,068,346 343,972 16,854 ( 1,195 ) - 7,019,488 48,168 106,371 11,870,694 (USD428,855 thousand) 16,785,159 (USD606,400 thousand) 3,022,815 5,501,113 2,831,033	$ 91,531 11,265 ( 1,566 ) 2,301,117 ( 2,438 ) 9,208 224,921 59,329 ( 2,703 ) ( 2,301 ) - ( 443,454 ) ( 41,955 ) 2,885 ( 635,890 ) (USD-22,838 thousand) ( 749,901 ) (USD-26,932 thousand) 1,849,932 3,101,127 2,631,418	$ 91,531 11,265 ( 1,566 ) 2,263,488 ( 1,707 ) 10,166 91,268 15,968 ( 2,551 ) ( 2,301 ) - ( 262,227 ) ( 21,333 ) 2,279	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Note 1 Subsidiary Subsidiary Subsidiary Subsidiary Sub-subsidiary Sub-subsidiary Sub-subsidiary Sub-subsidiary

(Continued)

138 -

Investor	Investee	Location	Main Businesses and Products	Original InvestmentAmount	Original InvestmentAmount	As of December31,2021	As of December31,2021	As of December31,2021	Net Income (Loss) of the Investee for the Year Ended December 31,2021	Share of Profit (Loss)	Remark
				December 31, 2021	December 31, 2020	Number of Shares	Percentage (%)	Carrying Amount
USIFE Investment Co., Ltd. Swanlake Traders Ltd.	Acme Electronics Corporation Swanson Technologies Corporation Taiwan United Venture Management Corporation ACME Electronics (Cayman) Corp.	8F., No. 39, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) Ugland House P.O. Box 309 George Town, Grand Cayman, Cayman Islands	Production and marketing of manganese-zinc soft ferrite powder Manufacturing of plastic film (bag), industrial plastic products and reinforced plastic products Corporate management consulting Corporate investments	$ 155,632 30,000 8,000 158,038 (USD5,709 thousand)	$ 155,632 30,000 8,000 97,919 (USD3,538 thousand)	16,424,242 2,250,015 800,000 8,318,356	8.98 15.00 100.00 16.65	$ 129,296 4,358 15,349 204,916 (USD7,403 thousand)	$ 59,329 ( 13,183 ) 548 62,808 (USD2,252 thousand)	$	Subsidiary Sub- subsidiary Sub- subsidiary Sub- subsidiary

Note 1. Cypress Epoch Limited was liquidated on September 28, 2021.

Note 2. Please refer to Table 8 for relevant information on mainland investee companies.

Note 3. All the transactions were written off when preparing the consolidated financial statements.

139 -

USI CORPORATION AND SUBSIDIARIES

Acme Electronics Corporation

INFORMATION ON INVESTEES

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 7-1						(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)	(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)
Investor	Investee	Location	Main Businesses and Products	Original Investment Amount		As of December 31,2021			Net Income (Loss) of the Investee for the Year Ended December 31, 2021	Share of Profit (Loss)	Remark
				December 31, 2021	December 31, 2020	Number of Shares	Percentage (%)	Carrying Amount
Acme Electronics Corporation ACME Electronics (Cayman) Corp. ACME Components (Malaysia) Sdn. Bhd.	ACME Electronics (Cayman) Corp. Golden Amber Enterprises Limited USI Optronics Corporation ACME Components (Malaysia) Sdn. Bhd. ACME Ferrite Products Sdn. Bhd.	Ugland House P.O. Box 309 George Town, Grand Cayman, Cayman Islands CITCO Building, Wickhams Cay Road Town, Tortola, British Virgin Islands 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) Plot 15,Jalan Industri 6 Kawasan Perindustrian Jelapang II (ZPB) Jelapang 30020 Ipoh, Perak, Malaysia. Plot 15,Jalan Industri 6 Kawasan Perindustrian Jelapang II (ZPB) Jelapang 30020 Ipoh, Perak, Malaysia.	Corporate investments Corporate investments Manufacturing and marketing of sapphire single crystal Corporate investments Manufacturing and marketing of manganese-zinc soft ferrite core	$ 605,182 (USD18,336 thousand) 669,072 (USD20,800 thousand) 646,200 331,164 (USD11,891 thousand) 242,134 (MYR37,964 thousand)	$ 605,182 (USD18,336 thousand) 669,072 (USD20,800 thousand) 646,200 331,164 (USD11,891 thousand) 242,134 (MYR37,964 thousand)	25,621,692 20,800,000 22,064,224 42,600,000 9,120,000	51.27 100.00 34.00 100.00 100.00	$ 629,708 983,512 32,206 622,709 (USD22,497 thousand) 613,060 (MYR96,469 thousand)	$ 62,808 (USD2,252 thousand) 90,599 ( 41,955 ) 45,230 (MYR6,997 thousand) 45,765 (MYR7,080 thousand)	$ 32,780 (USD1,175 thousand) 90,599 ( 14,263 ) 45,230 (MYR6,997 thousand) 45,765 (MYR7,080 thousand)

Note 1. The foreign currency amount was calculated based on the spot exchange rate of December 31, 2021.

Note 2. The amount is calculated based on the average exchange rate during the period from January 1 and December 31, 2021.

Note 3. Please refer to Table 8-1 for relevant information on mainland investee companies.

Note 4. All the transactions were written off when preparing the consolidated financial statements.

140 -

USI CORPORATION AND SUBSIDIARIES

Swanson Plastics Corporation

INFORMATION ON INVESTEES

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 7-2

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor	Investee	Location	Main Businesses and Products	Original InvestmentAmount	Original InvestmentAmount	As of December31,2021	As of December31,2021	As of December31,2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021	Investment Gain (Loss) for the Year Ended December 31, 2021	Remark
				December 31, 2021 (Note 1)	December 31, 2020 (Note 1)	Number of Shares (In Thousands of Shares)	Percentage (%)	Carrying Amount
Swanson Plastics Corporation Swanson Plastics (Singapore) Pte., Ltd. Swanson International Ltd.	Swanson Plastics (Singapore) Pte., Ltd. Forever Young Company Limited Swanson International Ltd. Curtana Company Ltd. Swanson Technologies Corporation PT. Swanson Plastics Indonesia Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (India) Private Ltd. PT. Swanson Plastics Indonesia A.S. Holdings (UK) Limited	2 Venture Drive Vision Exchange #12-10 Singapore 608526 Skelton Building Main Street P.O. Box 3136 Road Town, Tortola British Virgin Islands Ugland House, P.O.Box 309 George Town, Grand Cayman, Cayman Islands, British West Indies Flatb 6/F Caltex House 258 Hennessy Road Wanchai, Hong Kong 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) Ngoro Industrial Park Blok D2-3 Ds. Lolawang Kec. Ngoro Kab. Mojokerto Plot 505, Tingkat Perusahaan 4A, Kawasan Perusahaan Perai, Zon Perdagangan Bebas, 13600 Perai, Seberang Perai, Malaysia PLOT No.2, GDDIDC. Honda, Bhuipal Sattari-403 506, Goa- India Ngoro Industrial Park Blok D2-3 Ds. Lolawang Kec. Ngoro Kab. Mojokerto United Kingdom	Production and marketing of plastic products Trading and agency businesses Investment Investment Planting agriculture, marketing, research and development of agricultural products, production, sale, and development of EVA packaging films and other high value- added plastic products Manufacturing and marketing of plastic products Manufacturing and marketing of plastic products Manufacturing and marketing of plastic products Manufacturing and marketing of plastic products Investment	$ 808,506 1,297 454,134 - 105,001 7,979 182,505 (USD6,593 thousand) 457,020 (USD16,511 thousand) 715,252 (USD25,840 thousand) 196,364 (USD7,094 thousand)	$ 808,506 1,297 454,134 4,850 140,000 7,979 182,505 (USD6,593 thousand) 457,020 (USD16,511 thousand) 715,252 (USD25,840 thousand) 196,364 (USD7,094 thousand)	36,863 50 14,541 - 10,500 261 20,000 107,351 25,840 3,157	100.00 100.00 100.00 - 70.00 1.00 100.00 100.00 99.00 100.00	$ 1,764,808 34,835 1,608,235 - 20,335 7,336 586,411 (USD21,185 thousand) 284,595 (USD10,282 thousand) 726,243 (USD26,237 thousand) 516,906 (USD18,674 thousand)	$ 118,245 5,869 62,939 - ( 13,183 ) 47,876 86,314 (USD3,082 thousand) 2,479 (INR6,527 thousand) 47,876 (IDR24,496,752 thousand) 29,143 (USD1,040 thousand)	$ 118,245 5,869 62,939 - ( 9,228 ) 479	Note 2 Note 2 Note 4 Note 2

Note 1. Original investment amount and book amounts were calculated using the spot exchange rate of December 31, 2021.

Note 2. Please refer to Table 8-2 for relevant information on mainland investee companies.

Note 3. All the transactions were written off when preparing the consolidated financial statements. Note 4. Curtana Company Ltd. completed its liquidation and dissolution in the first quarter of 2021.

141 -

USI CORPORATION AND SUBSIDIARIES

China General Plastics Corporation

INFORMATION ON INVESTEES

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 7-3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount	Original Investment Amount	As of December 31, 2021	As of December 31, 2021	As of December 31, 2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021	Investment Loss (Loss) for the Year Ended December 31, 2021	Remark
				December 31, 2021	December 31, 2020	Number of Shares	Percentage (%)	Carrying Amount
China General Plastics Corporation	Taiwan VCM Corporation CGPC Polymer Corporation CGPC`（`BVI`）`Holding Co., Ltd. China General Terminal & Distribution Co. CGPC America Corporation Acme Electronics Corporation	No. 1, Gongye 1stRd., Linyuan Dist., Kaohsiung City 832, Taiwan (R.O.C.) 12F., No. 37, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC) Citco Building, Wickhams Cay, P.O. Box 662, Road Town, Tortola, British Virgin Islands No. 1, Jianji St., Qianzhen Dist., Kaohsiung City 806, Taiwan (R.O.C.) 1181 California Ave., Suite 235 Corona, CA 92881 8F., No. 39, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.)	Manufacturing and marketing of VCM Manufacturing and marketing of PVC resins Reinvestment Warehousing and transportation of petrochemical raw materials Marketing of PVC two- or three-time processed products Manufacturing & marketing of Mn- Zn and Ni-Zn ferrite cores	$ 2,933,648 800,000 1,073,906 41,106 648,931 33,995	$ 2,930,995 800,000 1,073,906 41,106 648,931 33,995	259,591,005 80,000,000 16,308,258 22,009,594 100 3,176,019	87.27 100.00 100.00 33.33 100.00 1.74	$ 4,610,674 1,503,749 345,845 373,731 194,709 23,171	$ 1,510,951 580,982 ( 2,505 ) 63,389 21,914 59,329	$ 1,189,448 580,982 ( 2,505 ) 21,129 21,914 1,030	Subsidiary Subsidiary Subsidiary Associate accounted for using the equity method Subsidiary Associate accounted for using the equity method

Note 1. Please refer to Table 8-3 for relevant information of mainland investee companies.

Note 2. All the transactions were written off when preparing the consolidated financial statements.

142 -

USI CORPORATION AND SUBSIDIARIES

Taita Chemical Company, Ltd.

INFORMATION ON INVESTEES

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 7-4

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount	Original Investment Amount	As	of December	31, 2021	Net Income (Loss) of the Investee for the Year Ended December 31,2021	Investment Gain (Loss) for the Year Ended December 31,2021	Remark (Note 1)
				December 31, 2021	December 31, 2020	Number of Shares	Percentage (%)	Carrying Amount
Taita Chemical Company, Ltd. TAITA (BVI) Holding Co., Ltd.	TAITA (BVI) Holding Co., Ltd. China General Plastics Corporation China General Terminal & Distribution Co. (Acme Electronics Corporation) ACME Electronics (Cayman) Corp.	British Virgin Islands Taipei City Taipei City Taipei City British Cayman Islands	Reinvestment Production and marketing of PVC tape and other plastic products Warehousing of petrochemical raw materials Production and marketing of manganese-zinc soft ferrite powder Reinvestment	$ 2,483,948 (USD89,738 thousand) 65,365 41,082 44,771 47,056 (USD1,700 thousand)	$ 2,483,948 (USD89,738 thousand) 65,365 41,082 44,771 47,056 (USD1,700 thousand)	89,738,000 11,516,174 22,009,592 4,445,019 2,695,619	100.00 1.98 33.33 2.43 5.39	$ 3,142,621 (USD113,455 thousand) 221,245 373,731 32,429 66,405 (USD2,399 thousand)	$ 211,285 (Profit USD7,532 thousand) 2,468,676 63,389 59,329 62,808 (Profit USD2,252 thousand)	$ 211,285 (Profit USD7,352 thousand) 48,928 21,130 1,441 -	Subsidiary Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method

Note 1. The calculation is based on the financial statements of the investee company during the same period which have been audited by CPAs.

Note 2. Please refer to Table 8-4 for relevant information on mainland investee companies.

Note 3. All the transactions were written off when preparing the consolidated financial statements.

143 -

USI CORPORATION AND SUBSIDIARIES

Asia Polymer Corporation

INFORMATION ON INVESTEES

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 7-5

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount	Original Investment Amount	As of December 31,2021	As of December 31,2021	As of December 31,2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021	Investment Gain (Loss) for the Year Ended December 31, 2021	Remark
				December 31, 2021	December 31, 2020	Number of Shares	Percentage (%)	Carrying Amount
Asia Polymer Corporation APC (BVI) Holding Co., Ltd. APC Investment Corporation	APC (BVI) Holding Co., Ltd. APC Investment Corporation USI International Corp. China General Plastics Corporation China General Terminal & Distribution Co. Swanson Plastics Corporation (Acme Electronics Corporation) Taiwan United Venture Capital Corp. USI Optronics Corporation Ever Conquest Global Ltd. ACME Electronics (Cayman) Corp. USI International Corp. Acme Electronics Corporation	British Virgin Islands Taipei City British Virgin Islands Taipei City Taipei City Taipei City Taipei City Taipei City Taipei City British Virgin Islands British Cayman Islands British Virgin Islands Taipei City	Reinvestment business Investment business Reinvestment business Production and marketing of PVC films, PVC leather, PVC pipes, PVC compounds, PVC resins, construction products, chlor-alkali products and other relevant products Petrochemical materials storage and transportation operations Production and marketing of stretch films and industrial use multi-layer films Manufacturing & marketing of Mn-Zn and Ni-Zn ferrite cores Investments in high-tech undertakings Manufacturing and marketing of sapphire single crystal Reinvestment business Reinvestment business Reinvestment business Manufacturing & marketing of Mn-Zn and Ni-Zn ferrite cores	$ 381,287 (USD13,774,806) 200,000 58,128 (USD2,100,000) 247,412 41,082 75,242 61,348 52,791 59,725 4,718,748 (USD170,475,000) 145,179 (USD5,244,903) 24,912 (USD900,000) 14,889	$ 381,287 (USD13,774,806) 200,000 58,128 (USD2,100,000) 247,412 41,082 75,242 61,348 52,791 59,725 4,718,748 (USD170,475,000) 145,179 (USD5,244,903) 24,912 (USD900,000) 14,889	11,342,594 20,000,000 2,100,000 46,886,185 22,009,593 12,266,779 6,056,623 3,080,866 5,972,464 170,475,000 8,316,450 900,000 1,884,548	100.00 100.00 70.00 8.07 33.33 7.95 3.31 8.33 9.20 40.87 16.64 30.00 1.03	$ 545,802 168,090 62,380 900,764 373,731 210,268 44,186 22,673 8,718 4,851,207 204,869 26,734 13,749	$ 27,305 35,822 1,047 2,468,676 63,389 224,921 59,329 ( 2,438 ) ( 41,955 ) ( 443,454 ) 62,703 1,047 59,329	$ 27,305 35,822 733 199,203 21,129 17,880 1,964 ( 203 ) ( 3,861 ) ( 181,227 ) - - -	Subsidiary Subsidiary Subsidiary Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method Investments accounted for using the equity method APC (BVI) Holding Co., Ltd. Investments accounted for using the equity method APC (BVI) Holding Co., Ltd. Investments accounted for using the equity method APC Investment Corporation Investments accounted for using the equity method

(Continued)

144 -

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount	Original Investment Amount	As	of December 31,2021	of December 31,2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021	Investment Gain (Loss) for the Year Ended December 31, 2021	Remark
				December 31, 2021	December 31, 2020	Number of Shares	Percentage (%)	Carrying Amount
Ever Conquest Global Ltd. Ever Victory Global Ltd.	Swanson Technologies Corporation Ever Victory Global Ltd. Dynamic Ever Investments Ltd.	Taipei City British Virgin Islands Hong Kong	Production and marketing of EVA packaging films Reinvestment business Reinvestment business	$ 22,500 11,546,574 (USD417,145,000) 16,299,368 (USD588,850,000)	$ 30,000 11,546,574 (USD417,145,000) 16,299,368 (USD588,850,000)	2,250,015 417,145,000 588,850,000	15.00 67.40 85.00	$ 4,357 11,870,694 (USD428,855) 16,785,159 (USD606,400)	($ 13,183 ) ( 635,890 ) (USD-22,838) ( 749,901 ) (USD-26,932)	$ - - -	APC Investment Corporation Investments accounted for using the equity method Ever Conquest Global Ltd. Investments accounted for using the equity method Ever Victory Global Ltd. Investments accounted for using the equity method

Note 1. Please refer to Table 8-5 for relevant information of mainland investee companies.

Note 2. All the transactions were written off when preparing the consolidated financial statements.

145 -

TABLE 8

USI CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

FOR THE YEAR ENDED DECEMBER 31, 2021

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesses and Products	Paid-in Capital	Paid-in Capital	Method of Investment	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021 (Note 6)	Investment Flows for the year ended December 31, 2021 (Note 6)	Investment Flows for the year ended December 31, 2021 (Note 6)	Accumulated Outward Remittance for Investment from Taiwan as of the Year Ended December 31, 2021 (Note 6)	Net Income (Loss) of the Investee for the Year Ended December 31, 2021 (Note 9)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) for the Year Ended December 31, 2021 (Notes 7 and 9)	Carrying Amount as of the Year Ended December 31, 2021 (Note 6)	Accumulated Repatriation of Investment Income as of the year ended December 31, 2021
						Outflow	Inflow
Acme Electronics (Kunshan) Co., Ltd. USIG (Shanghai) Co., Ltd. Fujian Gulei Petrochemical Co., Ltd.	Manufacturing and marketing of manganese-zinc soft ferrite core Import and distribution of various types of chemical raw materials and products Crude oil processing and petroleum products manufacturing	$ 850,468 (USD30,725 thousand) 138,400 (USD5,000 thousand) 40,438,468 (RMB9,314,400 thousand)		Note 1 Note 2 Note 3	$ 77,989 (USD2,818 thousand) 138,400 (USD5,000 thousand) 6,323,489 (USD228,450 thousand)	$ - - -	$ - - -	$ 77,989 (USD2,818 thousand) 138,400 (USD5,000 thousand) 6,323,489 (USD228,450 thousand)	$ 45,024 (USD1,616 thousand) 2,140 (USD76 thousand) ( 1,455,990 ) (USD-52,302 thousand)	16.65 100.00 16.94	$ 7,495 (USD269 thousand) 2,140 (USD76 thousand) ( 246,635) (USD-8,860 thousand)	$ 137,494 (USD4,967 thousand) 130,269 (USD4,706 thousand) 6,550,610 (USD236,655 thousand)	$ - - -

Accumulated Outward Remittance for Investment in Mainland China as of the Year Ended December 31, 2021			Investment Amounts Authorized by Investment Commission, MOEA			Maximum Amount of Investments in Mainland China Authorized by Investment Commission, MOEA
$ 6,797,392 (USD245,571thousand)			$ 8,497,917(Note 5) (USD307,006 thousand)			$ -(Note 4)

Note 1. The Company reinvested in China-based companies via Swanlake Traders Ltd. (100%) by wiring transfer funds to other areas.

Note 2. The Company directly invested in China-based companies (100%).

Note 3. The Company indirectly invested 50% in Fujian Gulei Petrochemical Co., Ltd. via Ever Conquest Global Limited (59.13%), then reinvested Ever Victory Global Limited (67.40%), and finally reinvested Dynamic Ever Investments Limited (85.00%) in the third region.

Note 4. As the Company has obtained the certificate of being qualified for operating headquarters issued by the Industrial Development Bureau, MOEA No. 10920403810 on February 11, 2020, the upper limit on investment in mainland China is not applicable.

Note 5. It includes the investment amounted to US$257,939 thousand in Fujian Gulei Petrochemical Co., Ltd. in the mainland region through remittance from the third region as approved by the Investment Commission, MOEA (2) No. 10500116380 dated on September 1, 2016, Investment Commission, MOEA (2) No. 10500234240 dated on December 29, 2016 and Investment Commission, MOEA (2) No. 108002629200 dated on February 26, 2020, the investment to establish a sales company amounted to US$32,200 thousand through a third region as approved by the Investment Commission, MOEA (2) No. 10900245220 dated on October 5, 2020, and the investment amounted to US$1,422 thousand in Acme Electronics (Kunshan) Co., Ltd. through a third region as approved by the Investment Commission, MOEA (2) No. 11000010830 dated on January 21, 2021.

Note 6. The amount was calculated based on the spot exchange rate as of December 31, 2021.

Note 7. Except for the Fujian Gulei Petrochemical Co., Ltd., whose numbers were based on the review of Deloitte Touche Tohmatsu Limited and use the accounting principles to adjust and recognize like the parent company, Acme Electronics (Kunshan) Co., Ltd., and USIG (Shanghai) Co., Ltd. whose numbers were based on its financial statements reviewed by the Certified Public Accountants of its ROC company.

Note 8. Except for the investment in Fujian Gulei Petrochemical Co., Ltd., the recognized investment gain (loss) and book value in the period have been fully written off when preparing the consolidated financial statements.

Note 9. The amount is calculated based on the average exchange rate during the period from January 1 and December 31, 2021.

146 -

USI CORPORATION AND SUBSIDIARIES

Acme Electronics Corporation

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 8-1

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesses and Products	Paid-in Capital (Note 7)	Paid-in Capital (Note 7)	Method of Investment (Note 1)	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021 (Note 5)	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021 (Note 5)	Investment Flows for the year ended December 31, 2021	Investment Flows for the year ended December 31, 2021	Accumulated Outward Remittance for Investment from Taiwan as of the Year Ended December 31, 2021 (Note 5)	Net Income (Loss) of Investee for the Year Ended December 31, 2021 (Note 6)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) for the Year Ended December 31, 2021 (Notes 4 and 6)	Carrying Amount as of the Year Ended December 31, 2021 (Note 7)	Accumulated Repatriation of Investment Income as of the year ended December 31, 2021
							Outflow	Inflow
ACME Electronics (Kunshan) Acme Electronics (Guang-Zhou)	Manufacturing and marketing of manganese-zinc soft ferrite core Manufacturing and marketing of manganese-zinc soft ferrite core	$ 850,468 (USD30,725 thousand) 531,456 (USD19,200 thousand)		Indirect investment via ACME (Cayman). Indirect investment via GAEL.	$ 374,188 (USD11,144 thousand) 619,676 (USD19,200 thousand)		$ - -	$ - -	$ 374,188 (USD11,144 thousand) 619,676 (USD19,200 thousand)	$ 45,024 (RMB10,406 thousand) 92,050 (RMB21,222 thousand)	51.27 100.00	$ 23,086 (RMB5,335 thousand) 92,050 (RMB21,222 thousand)	$ 423,500 (RMB97,547 thousand) 980,424 (RMB225,826 thousand)	$ - -

Accumulated Outward Remittance for Investment in Mainland China as of the Year Ended December 31, 2021			Investment Amounts Authorized by Investment Commission, MOEA			Maximum Amount of Investments in Mainland China Authorized by Investment Commission, MOEA
$ 839,922(USD30,344 thousand) (Notes 3 and 7)			$ 1,014,001(USD36,633 thousand) (Notes 3 and 7)			$ -(Note 2)

Note 1. Investment Method II is to reinvest in the mainland companies by establishing a company through investment in the third region.

Note 2. As ACME has obtained the certificate of qualification for operating headquarters issued by the Investment Development Bureau, MOEA No. 09704604680 on August 29, 2008, the upper limit on investment is not applicable.

Note 3. It includes the capital increase transferred from surplus of Acme Electronics (Kunshan) Co., Ltd., and ACME increased the amount of US$6,289 thousand at its ownership percentage.

Note 4. The investment gain (loss) recognized for the year ended December 31, 2021 was calculated on the basis of financial statements audited and approved by CPAs of the parent company of ACME.

Note 5. The calculation was based on the exchange rate of the original investment.

Note 6. The amount is calculated based on the average exchange rate during the period from January 1 and December 31, 2021.

Note 7. The amount was calculated based on the exchange rate as of December 31, 2021.

Note 8. The recognized investment gain (loss) and book value in the period have been fully written off when preparing the consolidated financial statements.

147 -

USI CORPORATION AND SUBSIDIARIES

Swanson Plastics Corporation

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 8-2

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesses and Products	Paid-in Capital (Note 1)	Method of Investment	Method of Investment	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021	Investment Flows for the Year Ended December31,2021	Investment Flows for the Year Ended December31,2021	Accumulated Outward Remittance for Investment from Taiwan as of the Year Ended December31,2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021 (Note 4)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) for the Year Ended December 31, 2021 (Note 4)	Carrying Amount as of the Year Ended December 31, 2021 (Note 5)	Accumulated Repatriation of Investment Income as of the Year Ended December 31, 2021
						Outflow	Inflow
Swanson Plastics (Kunshan) Co., Ltd. ASK-Swanson (Kunshan) Co., Ltd. Swanson Plastics (Tianjin) Co., Ltd.	Production, sales and development of multi- functional film, optical film, etc. Production and sales of PE release film and other release products Production, sales and development of multi- functional film, optical film, etc.	$ 367,867 (USD13,290 thousand) 251,888 (USD9,100 thousand) 296,176 (USD10,700 thousand)	Indirect investment via Swanson International Ltd. of British Cayman Islands. Indirect investment in A.S. Holdings (UK) Limited via Swanson International Ltd. of British Cayman Islands. Indirect investment via Swanson (Singapore) Private Ltd. in the third region.		$ 223,930 193,447 170,754	$ - - -	$ - - -	$ 223,930 193,447 170,754	$ 33,986 (USD1,213 thousand) 36,660 (USD1,309 thousand) ( 24 ) (USD-840 thousand)	100.00 100.00 100.00	$ 33,986 (USD1,213 thousand) 36,660 (USD1,309 thousand) ( 24 ) (USD-840 thousand)	$ 1,132,754 (USD40,923 thousand) 516,104 (USD18,645 thousand) 74,025 (USD2,674 thousand)	$ - 64,395 (USD2,327 thousand) -

Accumulated Outward Remittance for Investment in Mainland China as of the Year Ended December 31,2021		Investment Amounts Authorized by Investment Commission, MOEA		Maximum Amount of Investments in Mainland China Authorized by Investment Commission, MOEA
$ 588,131		$ 907,510 (USD32,786 thousand)		$ -(Note 2)

Note 1. The paid-in capital and the investment amount approved by the Industrial Development Bureau, MOEA were calculated using the spot exchange rate on December 31, 2021.

Note 2. As SPC had obtained the certificate of qualification for operating headquarters issued by the Industrial Development Bureau, MOEA No. 10920418410 on June 18, 2020, the upper limit on investment is not applicable.

Note 3. The recognized investment gain (loss) and book value in the period have been fully written off when preparing the consolidated financial statements.

Note 4. The amount is calculated based on the average exchange rate during the period from January 1 and December 31, 2021.
Note 5. The amount was calculated based on the spot exchange rate as of December 31, 2021.
148 -

USI CORPORATION AND SUBSIDIARIES

China General Plastics Corporation

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 8-3

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesses and Products	Paid-in Capital (Note 1)	Paid-in Capital (Note 1)	Method of Investment	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021 (Note 1)	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021 (Note 1)	Investment Flows for the year ended December 31, 2021	Investment Flows for the year ended December 31, 2021	Accumulated Outward Remittance for Investment from Taiwan as of the Year Ended December 31, 2021 (Note 1)	Net Income (Loss) of the Investee for the Year Ended December 31, 2021	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) for the Year Ended December 31, 2021 (Note 5)	Carrying Amount as of the Year Ended December 31, 2021 (Note 1)	Accumulated Repatriation of Investment Income as of the Year Ended December 31, 2021
							Outflow	Inflow
Continental General Plastics (Zhong Shan) Co., Ltd. (“CGPC (ZS)”) (Note 4) CGPC Consumer Products Corporation (“CGPC (CP)”) (Note 4)	Manufacturing and marketing of PVC film and third-time processed products Manufacturing and marketing of PVC third-time processed products	$ 553,600 (USD20,000 thousand) 41,520 (USD1,500 thousand)		Indirect investment via CGPC (BVI) Holding Co., Ltd. Indirect investment via CGPC (BVI) Holding Co., Ltd.	$ 553,600 (USD20,000 thousand) 41,520 (USD1,500 thousand)		$ - -	$ - -	$ 553,600 (USD20,000 thousand) 41,520 (USD1,500 thousand)	( $ 2,569 ) (USD-93 thousand) 15 (USD1 thousand)	100.00 100.00	( $ 2,569 ) (USD-93 thousand) 15 (USD1 thousand)	$ 262,303 (USD9,476 thousand) 13,461 (USD486 thousand)	$ - -

Accumulated Outward Remittance for Investment in Mainland China as of the Year Ended December 31, 2021 (Notes 1 and 3)			Investment Amounts Authorized by Investment Commission, MOEA (Note 1)			Maximum Amount of Investments in Mainland China Authorized by Investment Commission, MOEA (Note 2)
$ 749,630(USD27,082 thousand)			$ 869,152(USD31,400 thousand)			$ -

Note 1. The amount was calculated based on the spot exchange rate as of December 31, 2021.

Note 2. As CGPC had obtained the certificate of qualification for operating headquarters issued by the Industrial Development Bureau, MOEA No. 10920426850 on September 8, 2020, the upper limit on investment is not applicable.

Note 3. QuanZhou Continental General Plastics Co., Ltd. (“CGPC (QZ)”) and Union (Zhong Shan) Co., Ltd. (“Union (ZS)”) completed dissolution procedures, and CGPC (BVI) retrieved the residual assets. The shares of Continental General Plastics (SanHe) Co., Ltd. (“CGPC (SH)”) were fully sold, and CGPC (BVI) retrieved the residual assets. However, the amount of capital has not been wired back to Taiwan. The accumulated amount includes the investment amount of CGPC (QZ) of US$684 thousand, the investment amount of Union (ZS) of US$898 thousand, and the investment amount of CGPC (SH) of US$4,000 thousand.

Note 4. The board of directors of CGPC passed a resolution on October 24, 2011 to dissolve the sub-subsidiaries, CGPC (ZS) and CGPC (CP). CGPC has considered that its discontinued operations was resumed its operating substance, and, therefore, the Company reclassified the discontinued operations as continuing operations since 2021 after an assessment.

Note 5. The investment gain (loss) recognized for the year ended December 31, 2021 was based on the financial statements audited and approved by CPAs of the parent company of CGPC.

Note 6. The recognized investment gain (loss) and book value in the period have been fully written off when preparing the consolidated financial statements.

149 -

USI CORPORATION AND SUBSIDIARIES

Taita Chemical Company, Ltd.

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 8-4

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesses and Products	Paid-in Capital	Paid-in Capital	Method of Investment	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021	Investment Flows for the Year Ended December 31, 2021	Investment Flows for the Year Ended December 31, 2021	Accumulated Outward Remittance for Investment from Taiwan as of the Year Ended December 31, 2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021 (Note 5)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) for the Year Ended December 31, 2021 (Note 5)	Carrying Amount as of the Year Ended December 31, 2021 (Note 5)	Accumulated Repatriation of Investment Income as of the Year Ended December 31, 2021
							Outflow	Inflow
Taita Chemical (Zhongshan) Co., Ltd. (“TAITA (ZS)”) Taita Chemical (Tianjin) Co., Ltd. (“TAITA (TJ)”) Acme Electronics (Kunshan) Co., Ltd. (“ACME (KS)”)	Production and marketing of polystyrene derivatives Production and marketing of polystyrene derivatives Manufacturing and marketing of manganese-zinc soft ferrite core	$ 1,280,200 (USD46,250 thousand) (Note 1) 757,048 (USD27,350 thousand) (Note 2) 850,468 (USD30,725 thousand)		Investment in mainland companies through a holding company registered in a third region Investment in mainland companies through a holding company registered in a third region Investment through a holding company registered in a third region ACME Electronics (Cayman) Corp	$ 1,190,240 (USD43,000 thousand) 719,680 (USD26,000 thousand) 37,479 (USD1,354 thousand)		$ - - -	$ - - -	$ 1,190,240 (USD43,000 thousand) 719,680 (USD26,000 thousand) 37,479 (USD1,354 thousand)	$ 218,742 (USD7,795 thousand) ( 10,135 ) (USD-361 thousand) 45,024 (USD1,616 thousand)	100.00 100.00 5.39	$ 218,742 (USD7,795 thousand) ( 10,135 ) (USD-361 thousand) 2,429 (USD87 thousand)	$ 1,817,579 (USD65,664 thousand) ( 114,144 ) (USD-4,124 thousand) 44,556 (USD1,610 thousand)	$ - - -

Accumulated Outward Remittance for Investment in Mainland China as of the Year Ended December 31, 2021			Investment Amounts Authorized by Investment Commission, MOEA			Maximum Amount of Investments in Mainland China Authorized by Investment Commission, MOEA
$ 1,947,399 (USD70,354 thousand)			$ 2,098,623 (USD75,817 thousand) (Note 3)			$ - (Note 4)

Note 1. TAITA (ZS) resolved to increase capital by earnings of US$3,250 thousand for the year ended December 31, 2007. TAITA (ZS) resolved the Earnings Distribution Proposals for the years from 2007 to 2020 at the board meeting on October 14, 2021, amounting to RMB 306,950 thousand, which is expected to be used for reinvestment projects in Mainland China. As of December 31, 2021, the amount has not actually been allocated.

Note 2. TAITA (TJ) resolved to increase capital by surplus of US$1,350 thousand for the year ended December 31, 2012. TTC’s management has decided to suspend the production of TAITA (TJ) from April 2019.

Note 3. It includes the capital increase transferred from surplus by TAITA (ZS) of USD3,250 thousand, capital increase transferred from surplus by TAITA (TJ) of USD1,350 thousand and capital increase transferred from surplus by ACME (KS) of USD802 thousand.

Note 4. As TTC has obtained the certificate of qualification for operating headquarters issued by the Industrial Development Bureau, MOEA No. 10820415160 on June 6, 2019, the upper limit on investment in Mainland China is not applicable.

Note 5. The calculation is based on the financial statements audited and approved by CPAs of the parent company of TTC.

Note 6. The recognized investment gain (loss) and book value in the period have been fully written off when preparing the consolidated financial statements.

150 -

USI CORPORATION AND SUBSIDIARIES

Asia Polymer Corporation

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

FOR THE YEAR ENDED DECEMBER 31, 2021

TABLE 8-5

(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)

Investee Company	Main Businesses and Products	Paid-in Capital (Note 4)	Paid-in Capital (Note 4)	Method of Investment (Note 1)	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021	Investment Flows for the Year Ended December 31, 2021	Investment Flows for the Year Ended December 31, 2021	Accumulated Outward Remittance for Investment from Taiwan as of the Year Ended December 31, 2021	Net Income (Loss) of the Investee for the Year Ended December 31, 2021 (Note 3)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) for the Year Ended December 31, 2021 (Note 3)	Carrying Amount as of the Year Ended December 31, 2021 (Note 4)	Accumulated Repatriation of Investment Income as of the Year Ended December 31, 2021
							Outflow	Inflow
Acme Electronics (Kunshan) Co., Ltd. USI Trading (Shanghai) Co., Ltd. Fujian Gulei Petrochemical Co., Ltd.	Manufacturing and marketing of manganese-zinc ferrite core Sales of chemical products and equipment, etc. Crude oil processing and petroleum products manufacturing	$ 850,468 (USD30,725 thousand) 69,200 (USD2,500 thousand) 40,438,468 (RMB9,314,400 thousand)		(2) ACME Electronics (Cayman) Corp. (2) APC (BVI) Holding Co., Ltd. (2) Dynamic Ever Investments, Ltd. (Note2)	$ 115,630 (USD4,177 thousand) 84,025 (USD3,036 thousand) 4,370,198 (USD157,883 thousand)		$ - - -	$ - - -	$ 115,630 (USD4,177 thousand) 84,025 (USD3,036 thousand) 4,370,198 (USD157,883 thousand)	B $ 45,024 B 16,420 A ( 1,455,990 )	16.64 100.00 11.71	$ 7,493 16,420 ( 170,497 )	$ 137,462 136,096 4,533,837	$ - - -

Accumulated Outward Remittanc as of the Year Ende	e for Investment in Mainland C d December 31,2021	hina	Investment Amounts Au	thorized by Investment	Commission, MOEA	Maxim	um Amount of Investments in Mainland China Authorized by Investment Commission,MOEA
$ 4,703,274(Note 5) (USD169,916thousand)			$ 6,195,770 (USD223,836thousand)				$ - (Note 6)

Note 1. Methods of Investment can be divided into three categories as follows:

(1) Direct investments in mainland companies.

(2) Reinvestments in mainland companies through a holding company registered in a third region (please specify the holding company).

(3) Others.

Note 2. The Company indirectly reinvested in 50% of the outstanding shares of Fujian Gulei Petrochemical Co., Ltd. via Ever Conquest Global Limited (40.87%), then reinvested Ever Victory Global Limited (67.40%), and finally vis Dynamic Ever Investments Limited (85.00%).

Note 3. For the column of Investment Gain (Loss) for the Year Ended December 31, 2021:

(1) If there is no investment gain (loss) during the preparation, it shall be noted.
(2) If the basis for the recognition of investment gain (loss) is classified into the following three categories, it shall be noted as follows:
A. Financial statements audited by international accounting firms in partnership with CPA firms in the Republic of China.

B. Financial statements audited by CPAs of the parent company in Taiwan.

C. Others.

Note 4. The amount was calculated based on the spot exchange rate as of December 31, 2021.

Note 5. APC directly invested in Silicon Technology Investment (Cayman) Corp. (STIC) and Solargiga Energy Holdings Ltd. through APC (BVI) Holding Co., Ltd. to indirectly invest in companies in mainland China. Note 6. As APC has obtained the certificate of qualification for operating headquarters issued by the Industrial Development Bureau, MOEA No. 10800262940 on February 26, 2020, the upper limit on investment is not applicable.

Note 7. Except for the investment in Fujian Gulei Petrochemical Co., Ltd., the recognized investment gain (loss) and book value in the period have been fully written off when preparing the consolidated financial statements.

151 -

USI CORPORATION AND SUBSIDIARIES

Intercompany Relationships and Significant Intercompany Transactions

FROM JANUARY 1 TO DECEMBER 31, 2021

Table 9

(In Thousands of New Taiwan Dollars)

No. (Note 1)	Trader Company	Counterparty	Relationships with trader (Note 2)	TransactionsDetails	TransactionsDetails	TransactionsDetails	TransactionsDetails
				Financial Statement Accounts	Amount (Note 3)	Transaction Terms	% of Total Sales or Asset (Note4)
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1	USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION USI CORPORATION Asia Polymer Corporation Asia Polymer Corporation Asia Polymer Corporation	USI (Hong Kong) Company Ltd. USI (Hong Kong) Company Ltd. USI Trading (Shanghai) Co., Ltd. USI Trading (Shanghai) Co., Ltd. Forever Young Company Limited Forever Young Company Limited Asia Polymer Corporation Asia Polymer Corporation Asia Polymer Corporation Asia Polymer Corporation Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation Dynamic Ever Investments Limited Taiwan VCM Corporation China General Terminal & Distribution Co. USI Green Energy Corporation USI (Hong Kong) Company Ltd. Swanson Plastics Corporation Swanson Plastics Corporation	1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 3 3	Sales revenue Accounts receivable Sales revenue Accounts receivable Sales revenue Accounts receivable Sales revenue Purchase Other receivables ACCOUNTS PAYABLE Sales revenue Purchase Accounts receivable Management service revenue Other receivables Storage tank operating expenses Other receivables Sales revenue Sales revenue Purchase	$ 220,464 23,142 214,853 46,493 114,343 24,324 213,766 1,673,947 228,869 390,410 91,438 80,583 12,498 19,579 227,039 30,260 125,001 22,351 37,717 44,825	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	0.31% 0.03% 0.30% 0.05% 0.16% 0.03% 0.30% 2.33% 0.27% 0.46% 0.13% 0.11% 0.01% 0.03% 0.27% 0.04% 0.15% 0.03% 0.05% 0.06%

(Continued)

152 -

No. (Note 1)	Trader Company	Counterparty	Relationships with trader (Note 2)	TransactionsDetails	TransactionsDetails	TransactionsDetails	TransactionsDetails
				Financial Statement Accounts	Amount (Note 3)	Transaction Terms	% of Total Sales or Asset (Note4)
1 1 1 1 1 1 2 2 3 3 3 3 3 3 4 4 4 5 5 5 5 5 5	Asia Polymer Corporation Asia Polymer Corporation Asia Polymer Corporation Asia Polymer Corporation Asia Polymer Corporation Asia Polymer Corporation Taiwan VCM Corporation Taiwan VCM Corporation China General Plastics Corporation China General Plastics Corporation China General Plastics Corporation China General Plastics Corporation China General Plastics Corporation China General Plastics Corporation Taita Chemical Company, Ltd. Taita Chemical Company, Ltd. Taita Chemical Company, Ltd. Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation	Taiwan VCM Corporation Forever Young Company Limited Forever Young Company Limited China General Terminal & Distribution Co. USI Trading (Shanghai) Co., Ltd. USI Trading (Shanghai) Co., Ltd. China General Terminal & Distribution Co. China General Terminal & Distribution Co. Swanson Plastics Corporation Taiwan VCM Corporation Taiwan VCM Corporation CGPC America Corporation CGPC America Corporation CGPC Polymer Corporation China General Terminal & Distribution Co. Taita Chemical (Zhongshan) Co., Ltd. Taita Chemical (Tianjin) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd.	3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3	Rental income Sales revenue Accounts receivable Storage tank operating expenses Sales revenue Accounts receivable Storage tank operating expenses Other payables Purchase Accounts payable Purchase Accounts receivable Sales revenue Purchase Storage tank operating expenses Sales revenue Other receivables Sales revenue Purchase Accounts receivable ACCOUNTS PAYABLE Other receivables Royalty revenue	$ 12,705 30,574 22,321 24,717 126,417 13,111 100,031 11,289 56,292 1,489,862 7,071,763 $ 189,714 679,417 59,991 18,784 1,049,003 256,014 263,484 77,483 59,933 30,353 21,710 20,746	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	0.02% 0.04% 0.03% 0.03% 0.18% 0.02% 0.14% 0.01% 0.08% 1.76% 9.86% 0.22% 0.95% 0.08% 0.03% 1.46% 0.30% 0.37% 0.11% 0.07% 0.04% 0.03% 0.03%

(Continued)

153 -

No. (Note 1)	Trader Company	Counterparty	Relationships with trader (Note 2)	Transactions	Transactions	Details	Details
				Financial Statement Accounts	Amount (Note 3)	Transaction Terms	% of Total Sales or Asset (Note4)
5 5 5 5 5 5 5 5 5 6 7 7 7 7 7 7 7 7 8 8 8 8	Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation ACME Ferrite Product Sdn. Bhd. USI Management Consulting Corp. USI Management Consulting Corp. USI Management Consulting Corp. USI Management Consulting Corp. USI Management Consulting Corp. USI Management Consulting Corp. USI Management Consulting Corp. USI Management Consulting Corp. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd.	Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. ACME Ferrite Product Sdn. Bhd. ACME Electronics (Cayman) Corp. ACME Electronics (Cayman) Corp. Acme Electronics (Guang-Zhou) Co., Ltd. CGPC Polymer Corporation USI CORPORATION Asia Polymer Corporation China General Plastics Corporation Taita Chemical Company, Ltd. Swanson Plastics Corporation Taiwan VCM Corporation China General Terminal & Distribution Co. Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd. ACME Ferrite Product Sdn. Bhd.	3 3 3 3 3 3 3 3 3 3 3 2 3 3 3 3 3 3 3 3 3 3	Processing costs (classified as cost of goods sold) Sales revenue Purchase Accounts receivable ACCOUNTS PAYABLE Processing costs (classified as cost of goods sold) Sales revenue Revenue from management service expenses Other receivables Sales revenue Management service revenue Management service revenue Management service revenue Management service revenue Management service revenue Management service revenue Management service revenue Management service revenue Sales revenue Cost of goods sold Accounts receivable Sales revenue	$ 418,658 130,997 11,009 23,131 88,153 418,658 17,932 19,320 10,047 13,517 10,020 134,113 39,316 42,945 48,067 25,105 22,622 17,328 $ 77,739 28,945 19,010 131,681	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	0.58% 0.18% 0.02% 0.03% 0.10% 0.58% 0.02% 0.03% 0.01% 0.02% 0.01% 0.19% 0.05% 0.06% 0.07% 0.03% 0.03% 0.02% 0.11% 0.04% 0.02% 0.18%

(Continued)

154 -

No. (Note 1)	Trader Company	Counterparty	Relationships with trader (Note 2)	Transactions	Transactions	Details	Details
				Financial Statement Accounts	Amount (Note 3)	Transaction Terms	% of Total Sales or Asset (Note4)
8 9 9 9 10 10 10 10 11 11 11 11 11 11 11 11 11 12 12 12 12 13 13	Acme Electronics (Kunshan) Co., Ltd. CGPC Polymer Corporation CGPC Polymer Corporation CGPC Polymer Corporation Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation Swanson Plastics Corporation Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Swanson Plastics (Singapore) Pte., Ltd. Swanson Plastics (Singapore) Pte., Ltd. Swanson Plastics (Singapore) Pte., Ltd. Swanson Plastics (Kunshan) Co., Ltd. Swanson Plastics (Kunshan) Co., Ltd.	ACME Ferrite Product Sdn. Bhd. Taiwan VCM Corporation Taiwan VCM Corporation Taiwan VCM Corporation Forever Young Company Limited Forever Young Company Limited Forever Young Company Limited Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Kunshan) Co., Ltd. Swanson Plastics (Kunshan) Co., Ltd. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson International Ltd. Swanson Plastics (India) Private Limited Swanson Plastics (India) Private Limited PT. Swanson Plastics Indonesia Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. PT. Swanson Plastics Indonesia ASK-Swanson (Kunshan) Co., Ltd. ASK-Swanson (Kunshan) Co., Ltd.	3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3	Accounts receivable ACCOUNTS PAYABLE Other payables Purchase Revenue Management service revenue Accounts receivable Accounts receivable Revenue Accounts receivable Revenue Operating costs Accounts receivable ACCOUNTS PAYABLE Other receivables Revenue Accounts receivable Revenue Operating costs Accounts payable Operating costs Revenue Accounts receivable	$ 20,766 1,361,638 $ 23,212 6,585,350 39,801 20,133 13,631 10,495 339,805 26,315 368,006 129,538 42,871 14,376 41,529 62,077 17,545 124,689 197,368 38,773 55,822 140,528 36,279	No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference No significant difference	0.02% 1.61% 0.03% 9.18% 0.06% 0.03% 0.02% 0.01% 0.47% 0.03% 0.51% 0.18% 0.05% 0.02% 0.05% 0.09% 0.02% 0.17% 0.28% 0.05% 0.08% 0.20% 0.04%

(Continued)

155 -

No. (Note 1)		Trader Company	Counterparty	Relationships with trader (Note 2)		Transactions	Details
					Financial Statement Accounts	Amount (Note 3)	Transaction Terms	% of Total Sales or Asset (Note4)
13	Swanson Plastics (Kunshan) Co., Ltd.		Swanson Plastics (Tianjin) Co., Ltd.	3	Accounts payable	48,932	No significant difference	0.06%

Note 1. The information about the transactions between the Company and the subsidiaries should be marked in the note column a s follows:
The parent company: 0.
The subsidiaries were marked from 1 in order of numeric characters by the companies.
Note 2. Investment types are as follows:
The parent company to its subsidiary.
The subsidiary to the parent company.
Between subsidiaries.
Note 3. All the transactions were written off when preparing the consolidated financial statements.
Note 4. The ratio of transactions related to total sales revenue or assets is calculated as follows: a. Assets or liabilities: The ratio was calculated based on the ending balance of total consolidated assets; and b. Income or loss: The ratio was calculated based on the ending accumulated amount of total consolidated sales revenue.
156 -

USI CORPORATION

INFORMATION ON MAJOR SHAREHOLDERS

DECEMBER 31, 2021

TABLE 10

Names of Major Shareholders	Shares	Shares
	Number of Shares Held	Percentage of Ownership (%)
Shing Lee Enterprise (Hong Kong) Limited Wholegainer Company Limited's investment account under custody of Fubon Securities Co., Ltd. Asia Polymer Corporation	173,776,546 110,000,000 101,355,673	14.61 9.25 8.52

Note 1. The table discloses shareholding information of shareholders whose shareholding percentage is more than 5%. The Taiwan Depository & Clearing Corporation (TDC) calculates the total number of ordinary shares and preferred shares (including treasury shares) that have completed the dematerialized registration and delivery on the last business day of the quarter. The share capital reported in the Company's consolidated financial statements and the actual number shares that have completed the dematerialized registration and delivery may be different due to the difference in the basis of calculation.
Note 2. In the event where the shareholders delivers its equity to trust, the information is disclosed in the form of individual trust accounts opened by the trustee. As for the shareholders declaring insider equity holdings of more than 10% of the shares in accordance with the Securities and Exchange Act, their shareholdings include the shares held by themselves plus the shares delivered to trust while retaining the right to determine the utilization. For information on insider equity declarations, please refer to the Market Observatory Post System.
157 -

AI assistant

USI — Annual Report 2021

51764_rns_2021-12-30_28ac4091-8ee4-4f14-bbb0-039cf68e7d55.pdf

USI CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements and Independent Auditors' Report For the Years Ended December 31, 2021 and 2020

§Table of Content§

Independent Auditors' Report

TO USI Corporation

Audit opinion

Basis for audit opinion

Emphasis of matter

Key audit matters

Authenticity of specific sales revenue

Other matters

Responsibilities of management and those charging with governance for the consolidated financial statements

Auditors' responsibilities for the audit of the consolidated financial statements

Republic of China

Notice to Readers

March 16, 2022

USI Corporation and Subsidiaries

Consolidated Balance Sheets

For the Years Ended December 31, 2021 and 2020

USI Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income

For the Years Ended December 31, 2021 and 2020

(Continued)

USI Corporation and Subsidiaries

Consolidated Statements of Changes in Equity

USI Corporation and Subsidiaries

Consolidated Statements of Cash Flows

For the Years Ended December 31, 2021 and 2020

(Continued)

(Continued)

USI CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

APPROVAL OF FINANCIAL STATEMENTS

3.

APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND

INTERPRETATIONS

g. INVENTORIES

r. Discontinued operations

w. Share-based payment arrangements

5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

6. CASH AND CASH EQUIVALENTS

8.

9.

FINANCIAL ASSETS MEASURED AT AMORTIZED COST

10. NOTES RECEIVABLE, ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES

December 31, 2021

Based on the number of overdue days

Based on credit quality

December 31, 2020

Based on the number of overdue days

b. Other receivables

11. INVENTORIES

12.

DISCONTINUED OPERATIONS

13. SUBSIDIARIES

ACME and ACME's subsidiaries

APC and APC's subsidiaries

14. INVESTMENTS ACCOUNTED FOR USING EQUITY METHOD

15. PROPERTY, PLANT AND EQUIPMENT-FOR SELF-USE

16. LEASE ARRANGEMENTS

a. Right-of-use assets

17. INVESTMENT PROPERTIES

Fair Value

18. GOODWILL AND OTHER INTANGIBLE ASSETS

a. Goodwill

b. Other intangible assets

19. BORROWINGS

a. Short-term borrowings

20. BONDS PAYABLE

21. ACCOUNTS PAYABLE

22. Other liabilities

23. PROVISIONS FOR LIABILITIES

a. Defined contribution plans

25. Government subsidy

26. Equity

d. Other equity

1) Exchange differences on translating the financial statements of foreign operations

USI Annual Report 2021