USI - Interim / Quarterly Report 2021

Stock code: 1304

USI CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements for the Three Months Ended March 31 of 2021 and 2020 and Independent Auditors’ Review Report

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

§Table of Content§

				Financial
				Statement Notes
		Item	Page	Number
1.	Cover		1	-
2.	Table of Content		2	-
3.	Independent Auditors’ Report		3～4	-
4.	Consolidated Balance Sheets		5	-
5.	Consolidated Statements of Comprehensive		6～8	-
	Income
6.	Consolidated Statements of Changes in		9	-
	Equity
7.	Consolidated Statements of Cash Flows		10～11	-
8.	Notes to Consolidated Financial Statements
	a.	General Information	12	1
	b.	Approval of Financial Statements	12	2
	c.	Application of New, Amended and	12～13	3
		Revised Standards and Interpretations
	d.	Summary of Significant Accounting	13～15	4
		Policies
	e.	Critical Accounting Judgments and	15	5
		Key Sources of Estimation Uncertainty
	f.	Information on Important Accounting	15～65	6～34
		Items
	g.	Related Party Transactions	66	35
	h.	Collateralized Assets	67	36
	i.	Significant Contingent Liability and	67～69	37
		Unrecognized Contractual
		Commitments
	j.	Significant Disaster Loss	-	-
	k.	Significant Events After the	-	-
		Balance Sheet Date
	l.	Others	69～73	38～39
	m.	Separately Disclosed Items
		1) Information on Significant	74, 77～108,	40
		Transactions	122～124
		2) Information on Reinvestment	74, 109～115	40
		Business
		3) Information on Investments in	74～75,	40
		China	116～121,
			125～126
		4) Information on Major Shareholders	75, 127	40
	n.	Segment Information	75～76	41

Independent Auditors’ Review Report

TO USI Corporation

Opinion

We have reviewed the consolidated balance sheets of USI Corporation and its subsidiaries (the Group) as of the years ended March 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 March 31 of 2021 and 2020. It is the responsibility of management to prepare the consolidated financial statements as permitted in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the IAS 34-Interim Financial Reporting as approved and issued by the Financial Supervisory Commission, and it is the responsibility of the accountant to draw conclusions on the consolidated financial statements based on the audit results.

Scope

Except as stated in the basic paragraph of the reserved conclusions, we performed or reviews in accordance with SAS No. 65 Review of Financial Information Performed by the Independent Auditor of the Entity. Procedures for reviewing consolidated financial statements include inquiry (primarily to the person responsible for financial and accounting matters), analytical procedures, and other review procedures. The scope of check and approval is significantly smaller than that of audit, so we may not be aware of all the material matters that can be identified by the audit, so it is impossible to express an audit opinion.

Basis of Qualified Conclusions

As mentioned in notes 13 and 14 to the consolidated financial statements, the financial statements of some non-essential subsidiaries and joint ventures using the equity method for the same period included in the above consolidated financial statements have not been reviewed by us. The total assets and the balance of investment by equity method as at March 31, 2021 and March 31, 2020 were NT $29,898,445 thousand and NT $23,721,098 thousand, respectively,

accounting for 37.45% and 33.19% of the total consolidated assets, respectively. The total liabilities were NT$3,191,266 thousand and NT$3,106,873 thousand, accounting for 11.19% and 10.20% of the total consolidated liabilities, respectively; The total comprehensive income and the share of the income from joint venture recognized at the equity method as at January 1, 2021 and March 31, 2021 and 2020 were NT$154,106 thousand and NT$ 82,729 thousand respectively, accounting for 5.80% and 231.68% of the total comprehensive income, respectively. In addition, the information related to the aforesaid subsidiary and joint venture in other notes and schedules to the consolidated financial statements has not been reviewed by us.

Qualified Conclusions

According to the results of the auditor’s review, except that the financial statements of some of the non-significant subsidiaries and joint ventures adopting the equity method mentioned in the basic paragraph of the reserved conclusions may affect the adjustment of the consolidated financial statements if they are reviewed by the auditor, we were not aware that the above consolidated financial statements have not been prepared in all material respects in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the IAS 34-Interim Financial Reporting as endorsed and promulgated by the Financial Supervisory Commission, making it impossible to properly express the consolidated financial position of the Group as of March 31, 2021 and 2020, and the consolidated financial performance and consolidated cash flow for the period from January 1 to March 31, 2021 and 2020.

Key Audit Matters

As stated in Note 12 to the consolidated financial statements, the Group 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. Please refer to Note 12 for the amount in comparison re-compiled. We have not revised the review conclusion due to that.

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

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, p rocedures 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 Chi nese-language independent auditors’ report and consolidated financial statements shall prevail.

May 6, 2021

USI CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

March 31, 2021, December 31, 2020 and March 31, 2020

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 C o d e 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 (Note 6) Financial assets at fair value through profit or loss (FVTPL) - current (Note 7) Financial assets at fair value through other comprehensive income (FVTOCI) - current (Note 8) Financial assets measured at amortized cost - current (Notes 9 and 36) Notes receivable, net (Note 10) Accounts receivable, net (Note 10) Other receivables (Notes 10 and 35) Current tax assets (Notes 4 and 29) Inventories (Note 11) Prepayments Other current assets Total current assets NON-CURRENT ASSETS Financial assets at fair value through other comprehensive income (FVTOCI) - non-current (Notes 8 and 36) Financial assets measured at amortized cost - non-current (Notes 9, 36 and 37) Investments accounted for using the equity method (Note 14) Property, plant and equipment (Notes 15 and 36) Right-of-use assets (Notes 16 and 36) Investment properties, net (Notes 17 and 36) Goodwill (Note 18) Other intangible assets (Note 18) Deferred tax assets (Notes 4 and 29) Other non-current assets (Note 36) Total non-current assets TOTAL L i a b i l i t i e s a n d E q u i t y CURRENT LIABILITIES Short-term borrowings (Notes 19 and 36) Short-term bills payable (Note 19) Financial liabilities at fair value through profit or loss (FVTPL) - current (Notes 7) Notes payable and accounts payable (Notes 21) Other payables (Note 22) Current tax liabilities (Notes 4 and 29) Lease liabilities - current (Note 16) Current portion of long-term borrowings (Notes 19, 20 and 36) 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 36) Provisions - non-current (Notes 23 and 37) Deferred tax liabilities (Notes 4 and 29) Lease liabilities - non-current (Note 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 8, 13, 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		March 31, 2021 (reviewed) Amount ％ $ 9,822,807 12 5,489,315 7 171,297 - 348,229 - 549,021 1 7,782,746 10 440,600 1 19,436 - 5,017,008 6 1,029,829 1 21,592 - 30,691,880 38 2,575,041 3 437,162 1 20,068,258 25 23,362,636 29 789,558 1 653,651 1 269,026 - 10,036 - 577,808 1 391,516 1 49,134,692 62 $ 79,826,572 100 $ 2,552,117 3 661,671 1 28,302 - 3,441,431 4 2,017,114 3 1,730,756 2 98,430 - 2,999,226 4 15,847 - 469,575 1 14,014,469 18 3,995,825 5 7,240,000 9 136,375 - 1,473,448 2 360,066 - 1,237,409 2 65,331 - 14,508,454 18 28,522,923 36 11,887,635 15 325,369 - 3,109,625 4 781,059 1 6,855,124 9 10,745,808 14 7,091) - 475,606) ( 1) 22,476,115 28 28,827,534 36 51,303,649 64 $ 79,826,572 100		(In Thousands of New Taiwan Dollars) December 31, 2020 (audited) March 31, 2020 (reviewed) Amount ％ Amount ％ $ 9,637,007 13 $ 10,885,509 15 5,511,683 7 4,519,769 6 164,922 - 132,189 - 348,450 - 685,883 1 671,576 1 540,215 1 6,810,340 9 5,686,529 8 293,459 - 337,724 1 29,231 - 6,567 - 4,296,228 6 5,249,215 7 766,824 1 701,531 1 9,834 - 140,199 - 28,539,554 37 28,885,330 40 2,393,734 3 1,864,614 3 390,828 1 311,988 - 20,170,030 26 14,715,674 21 23,169,313 30 22,899,832 32 794,480 1 821,187 1 663,691 1 611,102 1 269,026 - 269,026 - 10,807 - 14,875 - 573,850 1 638,579 1 349,203 - 448,152 1 48,784,962 63 42,595,029 60 $ 77,324,516 100 $ 71,480,359 100 $ 2,726,270 3 $ 4,345,132 6 656,704 1 1,110,631 2 20,724 - 3,872 - 3,406,837 4 2,087,706 3 2,216,533 3 1,507,071 2 1,211,350 2 680,157 1 75,284 - 69,063 - 1,999,233 3 683,200 1 16,390 - 17,606 - 374,501 - 319,844 - 12,703,826 16 10,824,282 15 4,995,069 6 6,992,067 10 7,590,000 10 9,179,870 13 136,375 - 136,375 - 1,434,806 2 1,419,069 2 384,402 1 439,150 1 1,292,053 2 1,374,976 2 64,342 - 83,658 - 15,897,047 21 19,625,165 28 28,600,873 37 30,449,447 43 11,887,635 15 11,887,635 17 321,798 1 305,578 1 3,109,625 4 2,979,753 4 781,059 1 430,526 1 5,606,462 7 4,563,596 6 9,497,146 12 7,973,875 11 240,195) - ( 1,217,280) ( 2) 475,606) ( 1) ( 475,606) ( 1) 20,990,778 27 18,474,202 26 27,732,865 36 22,556,710 31 48,723,643 63 41,030,912 57 $ 77,324,516 100 $ 71,480,359 100
			Amount $ 9,822,807 5,489,315 171,297 348,229 549,021 7,782,746 440,600 19,436 5,017,008 1,029,829 21,592 30,691,880 2,575,041 437,162 20,068,258 23,362,636 789,558 653,651 269,026 10,036 577,808 391,516 49,134,692 $ 79,826,572 $ 2,552,117 661,671 28,302 3,441,431 2,017,114 1,730,756 98,430 2,999,226 15,847 469,575 14,014,469 3,995,825 7,240,000 136,375 1,473,448 360,066 1,237,409 65,331 14,508,454 28,522,923 11,887,635 325,369 3,109,625 781,059 6,855,124 10,745,808 7,091) 475,606) 22,476,115 28,827,534 51,303,649 $ 79,826,572		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 23,169,313 794,480 663,691 269,026 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
		( (		( (

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

USI CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the Years from January 1 to March 31, 2021 and 2020

(Reviewed only, not audited)

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

						January 1 to March	January 1 to March	31,
			January 1 to March	31,		2020 (redacted	and
			2021			reviewed)
Code			Amount	％		Amount		％
4100	OPERATING REVENUE (Note 27)		$ 16,194,178	100		$ 11,356,408		100
5110	COST OF GOODS SOLD (Notes 11, 15, 16, 18, 24, 25 and 28)		11,737,736	72		9,517,158		84
5900	GROSS PROFIT		4,456,442	28		1,839,250		16
	OPERATING EXPENSES (Notes 10,
	15, 16, 18, 24, 25, 28 and 35)
6100	Selling and marketing expenses		803,778	5		464,475		4
6200	General and administrative expenses		343,780	2		300,200		2
6300	Research and development expenses		104,758	1		85,122		1
6000	Total operating expenses		1,252,316	8		849,797		7
6900	PROFIT FROM OPERATIONS		3,204,126	20		989,453		9
	NON-OPERATING INCOME
	AND EXPENSES
7100	Interest income (Notes 12 and 28)		17,968	-		29,313		-
7010	Other income (Notes 12,, 25, 28 and 35)		51,204	-		35,736		-
7020	Other gains and losses (Notes 12, 17,24, 28 and 39)		31,993	-	(	55,683 )		-
7050	Finance costs (Notes 19, 20 and 28)	(	42,633 )	-	(	66,464 )	(	1 )
7060	Share of (loss) profit of joint ventures
	accounted for using the equity method (Note 14)		1,987	-	(	43,120)		-
7000	Total non-operating income and expenses		60,519	-	(	100,218)	(	1)

(Continued)

								January 1 to March	January 1 to March	January 1 to March	31,	31,
			January 1 to March		31,				2020 (redacted	and
			2021						reviewed)
Code			Amount		％				Amount		％
7900	PROFIT BEFORE INCOME TAX
	FROM CONTINUING
	OPERATIONS		$ 3,264,645		20			$	889,235		8
7950	INCOME TAX EXPENSE (Notes 4 and 29)		690,263		4				243,564		2
8200	NET PROFIT FOR THE PERIOD		2,574,382		16				645,671		6
	OTHER COMPREHENSIVE INCOME
	(LOSS)
	Items that will not be reclassified
	subsequently to profit or loss:
8316	Profit (loss) of equity
	instruments at FVTOCI
	(Note 26)		226,514		1		(		375,206 )	(	4 )
8349	Income tax relating to items
	that will not be
	reclassified
	subsequently to profit or
	loss (Notes 4, 26 and
	29)	(	1,332)			-			224			-
8310			225,182		1		(		374,982)	(	4)
	Items that may be reclassified
	subsequently to profit or loss:
8361	Exchange differences on
	translating foreign operations (Note 26)	(	163,921 )	(	1 )		(		258,441 )	(	2 )
8399	Income tax relating to items
	that may be reclassified
	subsequently to profit or
	loss (Notes 4, 26 and
	29)		19,784			-			23,461			-
8360		(	144,137)	(	1)		(		234,980)	(	2)
8300	Other comprehensive
	income for the period, net of income tax		81,045			-	(		609,962)	(	6)
8500	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		$ 2,655,427		16			$	35,709			-
	NET PROFIT ATTRIBUTABLE TO
8610	Owners of the Company		$ 1,248,662		8			$	216,956		2
8620	Non-controlling interests		1,325,720		8				428,715		4
8600			$ 2,574,382		16			$	645,671		6

(Continued)

Code TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO 8710 Owners of the Company 8720 Non-controlling interests 8700 EARNINGS PER SHARE (Note 30) 9710 Basic 9810 Diluted		January 1 to March 31, 2021 Amount ％ $ 1,481,766 9 1,173,661 7 $ 2,655,427 16 $ 1.16 $ 1.16	January 1 to March 31, 2021 Amount ％ $ 1,481,766 9 1,173,661 7 $ 2,655,427 16 $ 1.16 $ 1.16	January 1 to March 31, 2020 (redacted and reviewed)	January 1 to March 31, 2020 (redacted and reviewed)
		Amount $ 1,481,766 1,173,661 $ 2,655,427 $ 1.16 $ 1.16		Amount ( $ 219,266 ) 254,975 $ 35,709 $ 0.20 $ 0.20	％
					( 2 ) 2 -

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

(In Thousands of New Taiwan Dollars)

USI CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY For the Years from January 1 to March 31, 2021 and 2020 (Reviewed only, not audited)

q u i	t	y A	t t r i	b	u t a	b	l e t	o O	w	n e r	s o f t h e	s o f t h e		C o m	p	N i (N	To t a l Equ i ty	To t a l Equ i ty
Share Capital (Note 26) $ 11,887,635 - - - - - $ 11,887,635 $ 11,887,635 - - - - - $ 11,887,635	C	a p i t	a l S u	r	p l u s t h e r s N o t e 2 6 ) $ 18,840 - - - - - $ 18,840 $ 19,940 - - - - - $ 19,940	R	e t a i n	e d E a	r	n i n g s n a p p r o p r i a t e d a r n i n g s N o t e 2 6 ) $ 4,346,640 216,956 - 216,956 - - $ 4,563,596 $ 5,606,462 1,248,662 - 1,248,662 - - $ 6,855,124	O t h e r E q u i t y E x c h a n g e Differences on T r a n s l a t i n g Foreign Operation (Notes 26 and 29) Unrealized Gain (Loss) on Financial Assets at FVTOCI (Notes8,26,and 29) ( $ 602,871 ) ( $ 178,187 ) - - ( 99,640) ( 336,582) ( 99,640) ( 336,582) - - - - ($ 702,511) ($ 514,769) ( $ 583,855 ) $ 343,660 - - ( 53,539) 286,643 ( 53,539) 286,643 - - - - ($ 637,394) $ 630,303		Tr (	e a s u r y Sh a r e s N o t e 2 6 ) $ 475,606 ) - - - - - $ 475,606) $ 475,606 ) - - - - - $ 475,606)	T
											E x c h a n g e Differences on T r a n s l a t i n g Foreign Operation (Notes 26 and 29) ( $ 602,871 ) - ( 99,640) ( 99,640) - - ($ 702,511) ( $ 583,855 ) - ( 53,539) ( 53,539) - - ($ 637,394)
	T r T (	e a s u r y S h a r e r a n s a c t i o n s N o t e 2 6 ) $ 245,482 - - - - - $ 245,482 $ 264,647 - - - - - $ 264,647	Shares of Changes in Capital Surplus of A s s o c i a t e s (Notes 13 and 26) $ 7,291 - - - 33,965 - $ 41,256 $ 37,211 - - - 3,571 - $ 40,782	O (
						L (	e g a l R e s e r v e N o t e 2 6 ) $ 2,979,753 - - - - - $ 2,979,753 $ 3,109,625 - - - - - $ 3,109,625	Special Reserve ( N o t e 2 6 ) $ 430,526 - - - - - $ 430,526 $ 781,059 - - - - - $ 781,059	U E (
											( ( ( ( ( ( ( (	( ( ( (	( ( ( (		( (	( ( ( (	( ( (	$ 39,176,947 645,671 609,962) 35,709 5 ) 1,818,261 $ 41,030,912 $ 48,723,643 2,574,382 81,045 2,655,427 3,588 79,009) $ 51,303,649

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

10 -

USI CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years from January 1 to March 31, 2021 and 2020

(Reviewed only, not audited)

C o d e CASH FLOWS FROM OPERATING ACTIVITIES A10000 Income before income tax A20010 Adjustments for: A20100 Depreciation expenses A20200 Amortization expenses 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 A22300 Share of (gain) loss of joint ventures accounted for using the equity method A22500 Share of (gain) loss of joint ventures accounted for using the equity method A29900 Impairment loss (reversed) recognized on non-financial assets A23700 Impairment loss recognized on non-financial assets A29900 Recognition of refund liabilities A30000 Changes in operating assets and liabilities A31115 Decrease in financial assets mandatorily classified as at FVTPL A31130 Decrease in notes receivable A31150 (Increase) decrease in accounts receivable A31180 Decrease in other receivables A31200 Increase in inventories A31230 (Increase) Decrease in prepayments A31240 Increase in other current assets A32150 Increase (Decrease) in accounts payable A32180 Decrease in other payables A32200 Decrease in provisions A32240 Decrease in net defined benefit liabilities A32230 Increase in other current liabilities A33000 Cash generated from operations A33100 Interest received A33300 Interest paid A33500 Income tax paid AAAA Net cash generated from operating activities	(In Thousands of From January 1 to March 31,2021 $ 3,264,645 568,462 14,840 ( 1,205 ) 11,826 42,633 ( 17,968 ) ( 1,987 ) ( 1,232 ) ( 12,100 ) 941 3,298 18,120 122,555 ( 971,102 ) ( 150,926 ) ( 706,218 ) ( 263,946 ) ( 11,758 ) 36,100 ( 336,443 ) ( 3,841 ) ( 54,644 ) 95,074 1,645,124 21,753 ( 43,368 ) ( 106,594) 1,516,915	New Taiwan Dollars) January 1 to March 31, 2020 (redacted and reviewed)	New Taiwan Dollars) January 1 to March 31, 2020 (redacted and reviewed)
	( ( ( ( ( ( ( ( ( ( ( ( ( ( (	( ( ( ( ( ( ( ( ( ( (	$ 889,235 576,298 16,691 270 ) 388,612 66,464 29,313 ) 43,120 120 7,423 1,294 1,837 1,449,380 94,220 724,870 63,486 ) 330,979 ) 79,869 123,049 ) 669,662 ) 422,521 ) 12,452 ) 98,891 ) 56,886 2,645,696 32,206 77,901 ) 39,979) 2,560,022

(Continued)

11 -

(Continued)

C o d e CASH FLOWS FROM INVESTING ACTIVITIES B00030 Reduction of capital by returning cash of financial assets at FVTOCI B00050 Acquisition of financial assets measured at amortized cost B02700 Payments for property, plant and equipment B02800 Proceeds from disposal of property, plant and equipment B03800 (Increase) decrease in deposit margin B04500 Payments for other intangible assets B05400 Acquisition of investment property B06700 Increase in other non-current assets BBBB Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES C00100 (Decrease) increase in short-term borrowings C00500 Increase (decrease) in short-term notes payable C01300 Repayments of bonds C01600 Proceeds from mid- to long-term borrowings C01700 Repayments of mid- to long-term borrowings C03000 Increase in guarantee deposits received C04020 Repayments of the principal portion of lease liabilities C04300 Decrease in other non-current liabilities C05800 Change in non-controlling interests CCCC Net cash (used) generated from financing activities DDDDEFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH AND CASH EQUIVALENTS HELD IN FOREIGN CURRENCIES EEEE NET INCREASE IN CASH AND CASH EQUIVALENTS E00100CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD E00200CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	From January 1 to March 31,2021 $ 39,145 ( 46,113 ) ( 596,372 ) 2,370 ( 3,547 ) ( 180 ) ( 55 ) ( 66,689) ( 671,441) ( 174,153 ) 5,000 - 5,740,000 ( 6,090,000 ) 1,389 ( 17,569 ) ( 400 ) ( 79,009) ( 614,742) ( 44,932) 185,800 9,637,007 $ 9,822,807	January 1 to March 31, 2020 (redacted and reviewed)	January 1 to March 31, 2020 (redacted and reviewed)
	( ( ( ( ( ( ( ( ( ( ( ( ( (	( ( ( ( ( ( ( ( ( ( (	$ - 179,800 ) 387,438 ) 7,004 8,610 113 ) - 9,465) 561,202) 86,152 242,000 ) 1,000,000 ) 5,370,000 4,999,900 ) 14,698 17,718 ) 293 ) 1,818,261 1,029,200 69,914) 2,958,106 7,927,403 $ 10,885,509

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

12 -

USI CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the Three Months Ended March 31, 2021 and 2020

(Reviewed only, not audited)

(In Thousands of New Taiwan Dollars unless otherwise indicated)

1. 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.

2. APPROVAL OF FINANCIAL STATEMENTS

The consolidated financial statements were reported to and issued by the Company’s board of directors on May 6, 2021.

3. APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND

INTERPRETATIONS

a. Initial application of the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), Interpretation (IFRIC) and Interpretation Notice (SIC) (hereinafter referred to as “IFRSS”) as approved and promulgated by the Financial Supervisory Commission (hereinafter referred to as the “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. IFRSs issued by IASB but have not yet been endorsed and issued into effect by FSC

Effective Date New, Revised or Amended Standards and Announced by IASB (Note I n t e r p r e t a t i o n s 1 ) “Improvements for the Years 2018 to 2020” January 1, 2022 (Note 2) Amendments to IFRS 3 “Reference to Conceptual Framework” January 1, 2022 (Note 3) Amendments to IFRS 10 and IAS 28 “Sale or Undetermined Investment of Assets between Investors and Their Associated Enterprises or Joint Ventures” IFRS 17 “Insurance Contracts” January 1, 2023 Amendments to IFRS 17

January 1, 2023 January 1, 2023

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Amendment to IAS 1 “Classification of Liabilities as January 1, 2023 Current or Non-current”

Amendment to IAS 1 “Disclosure of Accounting January 1, 2023 (Note 6) Policies” Amendment to IAS 8 “Definition of Accounting January 1, 2023 (Note 7) Estimates” Amendments to IAS 16 “Property, Plant and January 1, 2022 (Note 4) Equipment: Value before Intended Use” Amendment to IAS 37 “Losing Contracts - Cost of January 1, 2022 (Note 5) Performance”

Note 1: Unless otherwise noted, the above New, Revised or Amended Standards and Interpretations shall take effect during the annual reporting period commencing from each such date.
Note 2: 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 1 “First-time Adoptions of IFRSs” are applied retrospectively for annual reporting periods beginning on or after January 1, 2022.
Note 3: This amendment is applicable to business combinations for which the acquisition date starts from January 1, 2022 during the annual reporting period.
Note 4: 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 after January 1, 2021.
Note 5: The amendments are applicable to contracts for which the entity has not yet fulfilled all its obligations on January 1, 2022.
Note 6: The extension during the annual reporting period starting from January 1, 2023 applies to this amendment.
Note 7 : The change in accounting estimation and accounting policy starting from January 1, 2023 applies to this amendment.
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
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and financial performance and will disclose the relevant impact when the assessment is completed.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Statement of compliance

These consolidated financial statements have been prepared in accordance with Regulations Governing the Preparation of Financial Reports by Securities Issuers and the IAS 34-Interim Financial Reporting. The consolidated financial statements do not contain all the information disclosed in accordance with IFRSs specified in the entire annual financial statements.

b. Basis of preparation

The consolidated financial statements have been prepared on the historical cost basis except for financial instruments that 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;
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., as prices) or indirectly (i.e., derived from prices); and
3). Level 3 inputs are unobservable inputs for an asset or liability.
c. 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 profit or loss and other 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 Company. All intra-group transactions, balances, income and expenses are eliminated in full upon consolidation. Total comprehensive income of subsidiaries is attributed

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to the owners of the Company and to 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.

d. Other significant accounting policies

Unless as described below, please refer to the Summary of Material Accounting Policies in the consolidated financial statements of 2020.

(1). Post retirement benefits for defined benefits

The pension cost in the interim period is calculated on the basis of the actuarial pension cost rate determined at the end of the previous year from the beginning of the year to the end of the current period, and adjusted for major market fluctuations, major plan amendments, liquidation or other major one-off events in the current period.

(2). Income tax

Income tax expense is the sum of current income tax and deferred income tax. The income tax for the interim period is assessed on an annual basis and is calculated on the basis of the pre-tax benefits of the interim period at the tax rate applicable to the total surplus of the expected year.

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5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The Group has considered the economic implications of COVID-19 on critical accounting estimates. Management will continue to review the estimates and underlying assumptions. In addition, the same critical accounting judgments and key sources of estimates and uncertainty have been followed in these consolidated financial statements as were applied in the preparation of the Group’s consolidated financial statements Year 2020.

6. 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	March 31,2021 $ 143,670 3,180,729 6,482,978 15,430 $ 9,822,807	December 31, 2020 $ 155,049 3,065,872 6,392,905 23,181 $ 9,637,007	March 31,2020	March 31,2020
				$ 89,011 5,470,174 5,206,721 119,603 $10,885,509

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

Bank deposits Reserve repurchase agreements collateralized by bonds	March31,2021 0.05%～2.80% 0.13%～1.00%	December 31, 2020 0.07%～2.30% 0.15%～1.20%	March31,2020
			0.10%～3.75% 0.62%～2.40%

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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 shares and over-the-counter shares -Mutual funds -Beneficiary securities -Overseas listed shares Subtotal Financial liabilities held for trading Derivative financial liabilities (not under hedge accounting) -Foreign exchange forward contracts	March 31,2021 $ 5,734 408,534 4,841,181 233,294 572 5,483,581 $ 5,489,315 $ 28,302	December 31, 2020 $ 5,328 506,763 4,765,536 233,670 386 5,506,355 $ 5,511,683 $ 20,724	March 31,2020
				$ 11,259 234,713 4,063,578 209,690 529 4,508,510 $ 4,519,769 $ 3,872

The outstanding foreign exchange forward contracts not under hedge accounting at the balance sheet date were as follows:

March 31, 2021 Sell Sell Sell Sell Buy Buy December 31, 2020 Sell Sell Sell Sell Buy Buy March 31, 2020 Sell	Currency RMB/NTD USD/MYR USD/NTD EUR/MYR JPY/USD NTD/USD RMB/NTD USD/MYR USD/NTD EUR/MYR JPY/USD NTD/USD RMB/NTD	MaturityDate 2021.04.01-2021.06.23 2021.05.28-2021.09.30 2021.04.01-2021.07.23 2021.07.30 2021.04.13-2021.04.26 2021.04.06-2021.04.27 2021.01.05-2021.04.07 2021.03.31-2021.08.30 2021.01.04-2021.03.18 2021.05.28-2021.07.30 2021.01.13-2021.01.27 2021.01.04-2021.03.02 2020.04.06-2020.06.29	Contractual Amount ( I n T h o u s a n d s )
			RMB 329,900 /NTD 1,417,870 USD 660 /MYR 2,735 USD 48,580 /NTD 1,367,930 EUR 120 /MYR 591 JPY 70,000 /USD 644 NTD 346,195 /USD 12,280 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 RMB 217,000 /NTD 929,791

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Sell Sell Sell Buy Buy	Currency USD/MYR USD/NTD EUR/MYR JPY/USD NTD/USD	MaturityDate 2020.06.30-2020.12.31 2020.04.09-2020.07.10 2020.06.30-2020.11.30 2020.04.17-2020.05.20 2020.04.09-2020.05.25	Contractual Amount ( I n T h o u s a n d s )
			USD 1,690 /MYR 7,098 USD 36,110 /NTD 1,089,041 EUR 497 /MYR 2,306 JPY 45,000 /USD 424 NTD 144,375 /USD 4,795

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.

FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

INCOME
Current Investments in equity instruments at FVTOCI Domestic investments Domestic listed shares and over-the-counter shares Non-current Investments in equity instruments at FVTOCI Domestic investments Listed shares and over-the-counter shares Emerging market shares Unlisted shares Overseas investments Listed shares and over-the-counter shares Unlisted shares	March 31,2021 $ 171,297 $ 1,655,969 12,416 761,137 2,429,522 37,159 108,360 145,519 $ 2,575,041	December 31, 2020 $ 164,922 $ 1,529,883 9,626 720,833 2,260,342 30,566 102,826 133,392 $ 2,393,734	March 31,2020
				$ 132,189 $ 1,072,841 11,301 672,717 1,756,859 5,298 102,457 107,755 $ 1,864,614

The Group invested the listed shares and over-the-counter shares, emerging market shares and unlisted shares for medium- to long-term strategic purposes. Accordingly, the management elected to designate these investments in equity instruments as at FVTOCI as they believe that recognizing short-term fluctuations in these investments’ fair value

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in profit or loss would not be consistent with the Group’s strategy of holding these investments for long-term purposes.

From January 1 to March 31, 2021, due to the reduction of capital and refund of shares by the invested company, the merged company shall recover $39,145 thousand according to the proportion of shares held.

9. FINANCIAL ASSETS MEASURED AT AMORTIZED COST

Current Pledged time deposits Financial products Non-current Constricted bank deposits Range of interest rates Pledged time deposits Financial products	March31,2021 $ 348,229 - $ 348,229 $ 437,162 0.04%～1.85% -	December 31, 2020 $ 348,450 - $ 348,450 $ 390,828 0.04%～1.85% -	March31,2020
			$ 547,665 138,218 $ 685,883 $ 311,988 0.09%～3.75% 3.00%

Constricted 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.

The trading partners of the Group are financial institutions with good credit ratings, and the short-term financial products invested in are with bank guaranteed principal and interests. The credit risk has been assessed by investigating the final capital destination and its impacts on principal and interests. After assessing that the time deposits have low credit risk, no allowance for loss is recognized.

Please refer to Note 36 for the information related to financial assets measured at amortized cost pledged as security.

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10. NOTES RECEIVABLE, ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES

Notes receivable (a) At amortized cost Gross carrying amount Accounts receivable (a) At amortized cost Gross carrying amount Less: Allowance for impairment loss Other receivables (b) Tax refund receivable Lent material fees receivable Others	March 31,2021 $ 549,021 $ 7,871,440 ( 88,694) $ 7,782,746 $ 358,233 41,886 40,481 $ 440,600	December 31, 2020 $ 671,576 $ 6,900,396 ( 90,056) $ 6,810,340 $ 208,290 27,067 58,102 $ 293,459	March 31,2020	March 31,2020
	(	(	(	$ 540,215 $ 5,779,855 93,326) $ 5,686,529 $ 283,575 - 54,149 $ 337,724

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. Prior to accepting a new customer, the credit limit of a potential customer is set by the Group based on the credit record of the potential customer and the credit quality of the potential customer is assessed through the internal credit rating system. Regular review will be carried out for the credit limit and rating of the customer. 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 is significantly reduced.

The Group recognizes the allowance for impairment loss on accounts receivable in terms of expected credit losses during the life period or customer credit rating. 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.

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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 trade receivables that have been written off, the Group continues to engage in enforcement activity to attempt to recover the receivables which are due. Where recoveries are made, they are recognized as profit or loss.

The following table details the loss allowance of trade receivable based on the Group’s allowance matrix:

March 31, 2021

Based on the number of overdue days

Gross carrying amount Loss allowance (Lifetime ECLs)） Amortized cost	Upto 60 Days $ 3,211,177 ( 4,651) $ 3,206,526	61`～`90 Days $ 3,269 - $ 3,269	Over 91 Days $ 3,202 ( 2,782) $ 420	T	o t a l
	(		(	(	$ 3,217,648 7,433) $ 3,210,215

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 $ 398,640 ( 6,986) $ 391,654		Others $ 3,041,313 62,680) $ 2,978,633		Total
	(	$ 433,126 4,198) $ 428,928	(	$ 1,329,734 7,397) $ 1,322,337	(	(		(	$ 5,202,813 81,261) $ 5,121,552

December 31, 2020

Based on the number of overdue days

Gross carrying amount Loss allowance (Lifetime ECLs) Amortized cost	Upto 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

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
	(	$ 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

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March 31, 2020

Based on the number of overdue days

Gross carrying amount Loss allowance (Lifetime ECLs) Amortized cost	Upto 60 Days	Upto 60 Days	61`～`90 Days $ 329 - $ 329	Over 91 Days	Over 91 Days	(	Total
	(	$ 2,662,245 4,651) $ 2,657,594		(	$ 3,202 2,653) $ 549		$ 2,665,776 7,304) $ 2,658,472

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 $ 470,689 ( 9,283) $ 461,406			Others		Total
	(	$ 376,882 3,357) $ 373,525	(	$ 755,819 6,360) $ 749,459		$ 470,689 9,283) $ 461,406	(	$ 2,050,904 67,022) $ 1,983,882	(	$ 3,654,294 86,022) $ 3,568,272

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

Not past due Up to 60 days Over 60 days	March 31,2021 $ 4,448,918 546,395 207,500 $ 5,202,813	December 31, 2020 $ 4,220,397 357,902 159,188 $ 4,737,487	March 31,2020	March 31,2020
				$ 3,321,999 250,129 82,166 $ 3,654,294

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

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

Balance at January Less: Impairment losses reversed Less: Amounts written off during the period as uncollectible Foreign exchange Translation gains and losses Balance on December 31	January 1 to March 31,2021 $ 90,056 ( 1,205 ) ( 58 ) ( 99) $ 88,694	January 1 to March 31,2020 $ 93,648 ( 270 ) - ( 52) $ 93,326

b. Other receivables

Other receivables mainly consisted of tax refund receivable, lent material fees receivable. 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

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based on the expected credit losses. There were no other overdue receivables with an unrecognized allowance for doubtful accounts in the Group from as of March 31, 2021 and as of December 31, 2020 and March 31.

11. INVENTORIES

Finished goods Work in progress Raw materials Supplies Inventory in transit	March 31,2021 $ 2,511,681 443,520 1,639,522 379,929 42,356 $ 5,017,008	December 31, 2020 $ 2,068,989 387,559 1,345,791 331,030 162,859 $ 4,296,228	March 31,2020	March 31,2020
				$ 2,861,272 451,036 1,579,068 330,986 26,853 $ 5,249,215

The costs of inventories recognized as cost of goods sold for the years from January 1 to March 31, 2021 and 2020 were $11,737,736 thousand and $9,517,158 thousand, respectively.

The inventory net realization profits contained in sales cost and losses on inventory value recoveries for the years ended January 1 to March 31, 2021 and 2020 were $12,100 thousand and $7,423 thousand, respectively. The rise in the net realizable value of inventories was mainly due to the increase in the selling price of inventories in the market.

12. DISCONTINUED OPERATIONS

On October 24, 2011, the board of directors of Subsidiary China General Plastics Corporation (“CGPC”) approved to dispose of CGPC (Zhong Shan) Co., Ltd. and CGPC Consumer Products Corporation.

USI Corp. 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 from January 1 to March 31, 2020 has the following effects:

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Effect of Comprehensive Income from January 1 to M a r c h 3 1 , 2 0 2 0 Administration expenses Interest income Other income Other gains and losses Effects on net profit of the period	Amount before Re-compilatio n ( $ 297,851 ) 29,253 29,212 ( 52,167) ($ 291,553)	A m o u n t o f E f f e c t ( $ 2,349 ) 60 6,524 ( 3,516) $ 719	Amount after Re-compilatio n
			( $ 300,200 ) 29,313 35,736 ( 55,683) ($ 290,834)

13. SUBSIDIARIES

a. Subsidiaries included in the consolidated financial statements:

The consolidated financial statements are prepared by the following subjects:

Investor	Investee	N a m e o f A c t i v i t i e s		Proportion	of Ownership (%)	of Ownership (%)	Remar k
				Decembe r 31, 2021 100.0% 100.0% 100.0% 100.0% 99.9% 100.0% 100.0% 94.4% 100.0% - 100.0% - - - - - - 70.0% 8.3% 78.3%	Decembe r 31, 2020 100.0% 100.0% 100.0% 100.0% 99.9% 100.0% 100.0% 94.4% - 100.0% 100.0% - - - - - - 70.0% 8.3% 78.3%	March 31,2020
The Company The Company Cypress Epoch Limited The Company TTC Chemical Company, Ltd. China General Plastics Corporation Asia Polymer Corporation Taiwan United Venture Capital Corp. The Company Asia Polymer Corporation (“APC”)	USI Investment Co., Ltd. (USII) Swanlake Traders Ltd. （Swanlake） USI Far East (HK) Co., Ltd. USI Management Consulting Corp (“UM”) Chong Loong Trading Co., Ltd. (“CLT”) Union Polymer Int’l Investment Corp. (“UPIIC) Cypress Epoch Limited INOMA Corporation (INOMA) Usig (Shanghai) Co., Ltd. Thintec Materials Corporation (“TMC”) Taiwan United Venture Capital Corp. (“TUVC”)	Investment business Trading and investment Trading and investment Providing management services Import and export trade Investment business Investment business Optical products and fireproof materials business Import and distribution of various chemical raw materials and products Reinforced plastic products manufacturing Venture capital				100.0% 100.0% 100.0% 100.0% 99.9% 100.0% 100.0% 93.2% - 100.0% 100.0% 30.4% 10.0% 10.0% 30.4% 15.0% 95.8% 70.0% 8.3% 78.3%	7. 1. . 2. 3.

(Continued)

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(Continued)

)
Investor	Investee	N a m e o f A c t i v i t i e s 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 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	Proportion	of Ownership (%)		Remar k
			Decembe r 31, 2021 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% 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%	Decembe r 31, 2020 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%	March 31,2020
The Company Asia Polymer Corporation USIFE Investment Co., Ltd. The Company China General Plastics Corporation USIFE Investment Co., Ltd. Asia Polymer Corporation TTC Chemical Company, Ltd. APC Investment Corporation The Company Acme Electronics Corp. Asia Polymer Corporation USIFE Investment Co., Ltd Acme Electronics Corp. APC (BVI) Holding Co., Ltd. Swanlake Traders Ltd. Taita (BVI) Holding Co,Ltd. Acme Electronics Corp. 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 Corporatio APC (BVI) Holding Co., Ltd. Asia Polymer Corporation APC (BVI) Holding Co., Ltd.	Swanson Plastics Corp. (“SPC”) Acme Electronics Corp. (“ACME”) USI Optronics Corporation (“USIO”) ACME Electronics (Cayman) Corp. Golden Amber Enterprises Limited ACME Electronics (BVI)Corp. Acme Electronics (Kunshan) Co., Ltd. ACME Components (Malaysia) Sdn.Bhd. Acme Electronics (Guang-Zhou) Co., Ltd.） Asia Polymer Corporation (“APC”) APC (BVI) Holding Co., Ltd. (“APC (BVI)”) USI International Corp. APC Investment Corporation USI Trading（Shanghai） Co.,Ltd.				40.6% 8.0% 0.4% 49.0% 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% 100.0% 36.1% 0.9% 0.3% - 37.3% 100.0% 70.0% 30.0% 100.0% 100.0% 100.0%	4. 15. 5. 6. 7.15. 7.

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(Continued)

)
Investor	Investee	N a m e o f A c t i v i t i e s	Proportion	of Ownership (%)		Remar k
			Decembe r 31, 2021 36.8% 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%	Decembe r 31, 2020 36.8% 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%	March 31,2020
Union Polymer Int’l Investment Corp. China General Terminal & Distribution Co. USIFE Investment Co., Ltd. TTC Chemical Company, Ltd. Taita (BVI) Holding Co, Ltd. Union Polymer Int’l Investment Corp. Asia Polymer Corporation TTC Chemical Company, Ltd. China General Terminal & Distribution Co. USIFE Investment Co., Ltd. China General Plastics Corporation司 CGPC (BVI) Holding Co., Ltd. China General Plastics Corporation TTC Chemical Company, Ltd. Asia Polymer Corporation USIFE Investment Co., Ltd. ACME Components (Malaysia) Sdn.Bhd. Chong Loong Trading Co., Ltd. Swanson Plastics Corp. Swanson Plastics Corp. Swanson Plastics Company Ltd. (Singapore) Swanson Plastics Corp. APC Investment Corporation USIFE Investment Co., Ltd.	TTC Chemical Company, Ltd. (“TTC”) Taita (BVI) Holding Co, Ltd. （Taita (BVI)） TTC Chemical (Zhong Shan) Co., Ltd. (“TTC (ZS)”) TTC 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”) CGPC (Chung Shan) Co., Ltd. (“CGPC (CS)”)） Chung Shan CGPC Polymer Co., Ltd. (“Chung Shan (GPCP)”) China General Terminal & Distribution Co. Taiwan United Venture Management Corp. (“TUVM”) ACME Ferrite Products Sdn.Bhd Forum Pacific Trading Ltd. Curtana Company Ltd. Forever Young Company Ltd. Swanson Plastics Company Ltd. (Singapore) Swanson International Ltd. PT. Swanson Plastics Indonesia Ltd. Swanson Technologies Corporation	Production and marketing of polystyrene, acrylonitrile, butadiene, ABS resin, SAN resin, glass wool insulation products and plastic materials 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 Manufacture and marketing of vinyl chloride monomer and related petrochemical products Reinvestment business Marketing of PVC two- or three-time processed products Manufacture and marketing of PVC powder Manufacture and marketing of PVC plastic cloths and three-time processed products Manufacture and marketing of PVC plastic cloths and three-time processed products Warehousing petrochemical raw materials Business management consulting Manufacturing and marketing of soft ferrite core Engaging in import and export trade Reinvestment business Import and export agency services Production and marketing of plastic products Engaging in import and export trade Production and marketing of plastic products Production, marketing and development of EVA packaging film and other value added plastic products			36.8% 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% 100.0% 1.0% 99.0% 100.0% 70.0% 15.0% 15.0% 100.0%	15. 8. 8. 9. 15. 10. 11. 11. 12.

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(Continued)

Investor	Investee	N a m e o f A c t i v i t i e s		Proportion	of Ownership (%)	of Ownership (%)	Remar k
				Decembe r 31, 2021 $ 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 59.1% 40.9% 100.0% 67.4% 85.0%	Decembe r 31, 2020 $ 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 59.1% 40.9% 100.0% 67.4% 85.0%	March 31,2020
Swanson Plastics Company Ltd. (Singapore) Swanson International Ltd. A.S. Holdings (UK) Limited The Company Asia Polymer Corporation Ever Conquest Global Limited Ever Victory Global Limited	Swanson Plastics (Malaysia) Sdn.Bhd. Swanson Plastics (India) Private Limited Swanson Plastics (Tianjin) Co., Ltd. A.S.Holdings (UK) Limited Swanson Plastics (Kunshan) Corp. API-Swanson (Kunshan) Co., Ltd. Ever Conquest Global Limited (“ECGL”) Ever Victory Global Limited(“EVGL”) Dynamic Ever Investments Limited (“DEIL”)	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 Production, marketing and development of multi-functional film and light-solution film Management of PE release film and other release products’ production and sales Investment business Investment business Investment business				$ 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 60.2% 39.8% 100.0% 72.2% 89.9%	13. 13.、 14.及 15. 13.及 14.

1). In June 2020, the Company acquired 1.2% of shares from the external shareholders of INOMA, acquired price being $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 $65 thousand.
2). In order to simplify the investment structure, the Company was approved by the Investment Commission, Ministry of Economics Affairs (Investment Commission) on January 25, 2021 to change its indirect investment in Usig (Shanghai) Co., Ltd. in the mainland, so it was changed to direct investment in Usig (Shanghai) Co., Ltd. in the mainland after approval.
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 obtained $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.
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4). USI Investment Co., Ltd. (USII) obtained 4.5% equity from external shareholders of Swanson Plastics Corporation (SPC) in 2020 based on medium and long-term investment strategy, and obtained a price of $84,399 thousand yuan.
5). On January 21, 2021, Swanlake obtained 5.42% equity from the external shareholders of Acme Electronics (Cayman) Corp. approved by the Investment Commission, MOEA with the purchase price of $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 arising from the said equity transaction of the Group is an adjustment to increase the capital reserve of $3,564 thousand.
6). In June 2020, ACME obtained the remaining assets of $267 thousand returned by its subsidiary ACME Electronics (BVI)Corp., which completed its process of liquidation in June 2020.
7). 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), but yet to complete it till May 6, 2021.
8). The boards of TAITA (BVI) resolved on November 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 May 6, 2021.
9). 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.
10). Based on the medium and long term investment strategy, the Group acquired 26 thousand shares of Taiwan VCM Corporation (TVCM) from external shareholders in March 2021 at a price of $ 447 thousand. After the purchase of shares, the equity proportion of the Group to Taiwan VCM Corporation
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(TVCM) increased from 87.22% to 87.23%. 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 $7 thousand.

In October 2011, the Board of Directors of CGPC decided to dissolve and liquidate CGPZS and CGPCCP However, the Company will lease the idle plants of the discontinued units from 2021 onwards, considering that the operations of the discontinued units are no longer in a state of discontinued operations. Accordingly, it is assessed that the discontinued units will be transferred back to a continuing entity. Please refer to Note 12.
12). In September 2019, the management of Forum Pacific Trading Ltd. approved its dissolution and liquidation, and returned the remaining assets of $6,828 thousand in May 2020. Forum Pacific Trading Ltd. had completed the process of liquidation on December 29, 2020.
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 Note 14 and Note 38.
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 $34,896 thousand.
15). This is a subsidiary with material non-controlling interests.
The financial statements of major subsidiaries CGPC, TTC, UPIIC, ECGL,
EVGL and DEIL and some non-major subsidiaries as ACEM, ACME (Cayman), TVCM, CGPCPOL, APC and TAITA (ZS) and TAITA (TJ) included in the
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consolidated financial statements as of March 31, 2021 and January 1, 2020 have been reviewed by the accountants.

b. Details of subsidiaries that have material non-controlling interests

Na me o fSu bs id iary CGPC TTC ACME APC EVGL	Proportion of Ownership and Voting Rights Held b y N o n - c o n t r o l l i n g I n t e r e s t s	Proportion of Ownership and Voting Rights Held b y N o n - c o n t r o l l i n g I n t e r e s t s	Proportion of Ownership and Voting Rights Held b y N o n - c o n t r o l l i n g I n t e r e s t s
	March31,2020 64.4% 62.2% 55.4% 62.7% 32.6%	December 31, 2020 64.4% 62.2% 55.4% 62.7% 32.6%	March31,2021
			64.3% 62.2% 55.4% 62.7% 27.8%

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

N a m e o f S u b s i d i a r y CGPC TTC ACME APC EVGL	N	Profit (Loss) o n - c o n t r o l l	Al i n	located to gI n t e r e s t s January 1 to March 31, 2020 $ 204,532 $ 91,666 $ 2,728) $ 99,039 $ 10,317)	A	c c u m u l a t e d	N o n - c o n t r o l l i	n	gI n t e r e s t s
		January 1 to March 31, 2021 $ 543,568 $ 309,457 $ 4,435 $ 375,548 $ 1,201)				March 31, 2021 $ 6,664,013 $ 4,211,870 $ 713,590 $ 8,125,740 $ 5,959,684	December 31, 2019 $ 6,187,422 $ 3,885,632 $ 716,599 $ 7,574,659 $ 5,988,872		March 31, 2020
	(		( (						$ 5,525,712 $ 2,730,332 $ 683,574 $ 6,231,946 $ 4,627,154

The summarized financial information in respect of each of the Group’s subsidiaries below represents amounts before intragroup eliminations:

CGPC and CGPC’s subsidiaries

Current assets Non-current assets Current liabilities Non-current liabilities Equity Equity attributable to: Owners of CGPC Non-controlling interests of CGPC Non-controlling interests of CGPC’s subsidiaries	March 31,2021 $ 6,855,959 8,260,866 ( 2,550,821 ) ( 1,341,370) $ 11,224,634 $ 3,900,753 6,664,013 659,868 $ 11,224,634	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	March 31,2020
			$ 5,137,104 7,465,759 ( 1,637,954 ) ( 1,906,561) $ 9,058,348 $ 3,033,284 5,525,712 499,352 $ 9,058,348

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Revenue Profit for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Profit attributable to: Owners of CGPC Non-controlling interests of CGPC Non-controlling interests of CGPC’s subsidiaries Total comprehensive income attributable to: Owners of CGPC Non-controlling interests of CGPC Non-controlling interests of CGPC’s subsidiaries Net cash inflow (outflow) from: Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash (outflow) inflow	January 1 to March 31,2021 $ 4,978,665 $ 886,776 34,553 $ 921,329 $ 283,157 543,568 60,051 $ 886,776 $ 378,602 482,625 60,102 $ 921,329 $ 214,647 ( 324,110 ) ( 8,253 ) ( 584) ($ 118,300)	January 1 to March 31,2020
		$ 3,591,214 $ 348,704 ( 2,916) $ 345,788 $ 106,545 204,532 37,627 $ 348,704 $ 60,861 247,329 37,598 $ 345,788 $ 112,700 ( 154,864 ) 76,508 472 $ 34,816

TTC and TTC’s subsidiaries	March 31,2021 $ 6,226,326 3,353,076 ( 1,965,354 ) ( 719,357) $ 6,894,691 $ 2,682,821 4,211,870 $ 6,894,691	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	March 31,2020
Current assets Non-current assets Current liabilities Non-current liabilities Equity Equity attributable to: Owners of TTC Non-controlling interests of TTC
			$ 4,462,268 3,102,617 ( 1,800,945 ) (1,407,907) $ 4,356,033 $ 1,625,701 2,730,332 $ 4,356,033

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Revenue Profit for the period Other comprehensive income (loss) for the period Total comprehensive income (loss) for the period Profit attributable to: Owners of TTC Non-controlling interests of TTC Total comprehensive income (loss) attributable to: Owners of TTC Non-controlling interests of TTC Net cash inflow from: Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash inflow	January 1 to March 31,2021 $ 4,536,148 $ 488,665 50,220 $ 538,885 $ 179,208 309,457 $ 488,665 $ 207,569 331,316 $ 538,885 $ 69,911 ( 19,812 ) 149,804 ( 9,624) $ 190,279	January 1 to March 31,2020
		$ 2,958,085 $ 144,750 ( 88,480) $ 56,270 $ 53,084 91,666 $ 144,750 $ 13,165 43,105 $ 56,270 $ 521,475 ( 24,580 ) ( 265,089 ) ( 9,592) $ 222,214

ACME and ACME’s subsidiaries

Current assets Non-current assets Current liabilities Non-current liabilities Equity Equity attributable to: Owners of ACME Non-controlling interests of ACME Non-controlling interests of ACME’s subsidiaries	March 31,2021 $ 1,939,869 1,683,233 ( 1,230,590 ) ( 523,913) $ 1,868,599 $ 577,914 713,590 577,095 $ 1,868,599	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	March 31,2020
			$ 1,763,264 1,695,895 ( 1,042,675 ) ( 625,654) $ 1,790,830 $ 544,958 683,574 562,298 $ 1,790,830

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Revenue Profit (Loss) for the period Other comprehensive income (loss) for the period Total comprehensive income (loss) for the period Profit (Loss) attributable to: Owners of ACME Non-controlling interests of ACME Non-controlling interests of ACME’s subsidiaries Total comprehensive income (loss) attributable to: Owners of ACME Non-controlling interests of ACME Non-controlling interests of ACME’s subsidiaries Net cash inflow (outflow) from: Operating activities Investing activities Financing activities Effects of exchange rate changes Net cash (outflow) inflow	January 1 to March 31,2021 $ 678,598 $ 9,327 ( 25,803) ($ 16,476) $ 3,541 4,435 1,351 $ 9,327 ( $ 2,602 ) ( 3,258 ) ( 10,616) ($ 16,476) ( $ 23,415 ) ( 61,013 ) 45,920 ( 19,086) ($ 57,594)	January 1 to March 31,2020
		$ 513,035 ( $ 8,728 ) ( 36,051) ($ 44,779) ( $ 2,178 ) ( 2,728 ) ( 3,822) ($ 8,728) ( $ 10,628 ) ( 13,312 ) ( 20,839) ($ 44,779) $ 20,197 3,364 27,847 ( 24,869) $ 26,539

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 APC Non-controlling interests of APC	March 31,2021 $ 3,207,913 14,421,377 ( 2,031,600 ) (2,541,912) $13,055,778 $ 4,930,038 8,125,740 $13,055,778	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	March 31,2020
			$ 3,839,845 11,955,479 ( 2,304,639 ) (3,714,953) $ 9,775,732 $ 3,543,786 6,231,946 $ 9,775,732

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January 1 to March 31,2021 January 1 to March 31,2020 Revenue $ 1,852,605 $ 1,314,013 Profit (Loss) for the period $ 555,116 $ 146,395 Other comprehensive income (loss) for the period 391,115 ( 604,592) Total comprehensive income (loss) for the period $ 946,231 ($ 458,197) Profit (Loss) attributable to: Owners of APC $ 179,568 $ 47,356 Non-controlling interests of APC 375,548 99,039 $ 555,116 $ 146,395 Total comprehensive income (loss) attributable to: Owners of APC $ 389,978 ( $ 195,898 ) Non-controlling interests of APC 556,253 ( 262,299) $ 946,231 ($ 458,197) Net cash inflow (outflow) from: Operating activities $ 640,294 $ 1,413,018 Investing activities ( 114,959 ) ( 616,911 ) Financing activities ( 450,212 ) ( 501,225 ) Effects of exchange rate changes ( 442) 671 Net cash inflow $ 74,681 $ 295,553 EVGL and EVGL’s subsidiaries March31,2021 December 31, 2020 March31,2020 Current assets $ 1,303,431 $ 1,309,763 $ 3,562,676 Non-current assets 20,068,258 20,170,030 14,715,674 Current liabilities ( 12,737) ( 15,128) ( 11,541) Equity $21,358,952 $21,464,665 $18,266,809 Equity attributable to: Owners of EVGL $12,323,052 $12,383,404 $12,041,170 Non-controlling interests of EVGL 5,959,684 5,988,872 4,627,154 Non-controlling interests of EVGL’s subsidiaries 3,076,216 3,092,389 1,598,485 $21,358,952 $21,464,665 $18,266,809	January 1 to March 31,2021 January 1 to March 31,2020 Revenue $ 1,852,605 $ 1,314,013 Profit (Loss) for the period $ 555,116 $ 146,395 Other comprehensive income (loss) for the period 391,115 ( 604,592) Total comprehensive income (loss) for the period $ 946,231 ($ 458,197) Profit (Loss) attributable to: Owners of APC $ 179,568 $ 47,356 Non-controlling interests of APC 375,548 99,039 $ 555,116 $ 146,395 Total comprehensive income (loss) attributable to: Owners of APC $ 389,978 ( $ 195,898 ) Non-controlling interests of APC 556,253 ( 262,299) $ 946,231 ($ 458,197) Net cash inflow (outflow) from: Operating activities $ 640,294 $ 1,413,018 Investing activities ( 114,959 ) ( 616,911 ) Financing activities ( 450,212 ) ( 501,225 ) Effects of exchange rate changes ( 442) 671 Net cash inflow $ 74,681 $ 295,553 EVGL and EVGL’s subsidiaries March31,2021 December 31, 2020 March31,2020 Current assets $ 1,303,431 $ 1,309,763 $ 3,562,676 Non-current assets 20,068,258 20,170,030 14,715,674 Current liabilities ( 12,737) ( 15,128) ( 11,541) Equity $21,358,952 $21,464,665 $18,266,809 Equity attributable to: Owners of EVGL $12,323,052 $12,383,404 $12,041,170 Non-controlling interests of EVGL 5,959,684 5,988,872 4,627,154 Non-controlling interests of EVGL’s subsidiaries 3,076,216 3,092,389 1,598,485 $21,358,952 $21,464,665 $18,266,809	January 1 to March 31,2020	January 1 to March 31,2020
		$ 1,314,013 $ 146,395 ( 604,592) ($ 458,197) $ 47,356 99,039 $ 146,395 ( $ 195,898 ) ( 262,299) ($ 458,197) $ 1,413,018 ( 616,911 ) ( 501,225 ) 671 $ 295,553 March31,2020
Current assets Non-current assets Current liabilities Equity Equity attributable to: Owners of EVGL Non-controlling interests of EVGL Non-controlling interests of EVGL’s subsidiaries
	(	(	$ 3,562,676 14,715,674 11,541) $18,266,809 $12,041,170 4,627,154 1,598,485 $18,266,809

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Loss for the period Other comprehensive income (loss) for the period Total comprehensive income (loss) for the period Loss attributable to: Owners of EVGL Non-controlling interests of EVGL Non-controlling interests of EVGL’s subsidiaries Total comprehensive income (loss) attributable to: Owners of EVGL Non-controlling interests of EVGL Non-controlling interests of EVGL’s subsidiaries Cash flow Operating activities Financing activities Effects of exchange rate changes Net cash inflow	January 1 to March 31,2021 ( $ 4,415 ) ( 101,297) ($ 105,712) ( $ 2,482 ) ( 1,201 ) ( 732) ($ 4,415) ( $ 60,352 ) ( 29,187 ) ( 16,173) ($ 105,712) $ 1,957 - 2,462 $ 4,419	January 1 to March 31,2020
		( $ 57,280 ) ( 100,196) ($ 157,476) ( $ 41,289 ) ( 10,317 ) ( 5,674) ($ 57,280) ( $ 113,876 ) ( 27,989 ) ( 15,611) ($ 157,476) ( $ 7,136 ) 2,377,094 8,178 $ 2,378,136

14. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

Investments in joint ventures Associates that are individually material Fujian Gulei Petrochemical Co., Ltd. (“Gulei”)	March 31,2021 $ 20,068,258		December 31, 2020 $ 20,170,030	March 31,2020	March 31,2020
					$ 14,715,674

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

The percentage of the Group’s ownership and voting rights was 50% of the outstanding shares of Gulei as of March 31, 2021 December 31, 2020 and March 31, 2020. For more explanation, please refer to Note 38.

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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.

for equity accounting purposes.	for equity accounting purposes.
March 31,2021 December 31, 2020 March 31,2020 Cash $ 3,465,301 $ 4,356,714 $ 1,316,986 Current assets $ 8,374,719 $ 5,785,331 $ 1,521,218 Non-current assets 82,033,743 82,025,858 45,919,258 Current liabilities ( 10,000,828 ) ( 10,734,400 ) ( 8,169,376 ) Non-current liabilities (40,271,118) (36,736,729) ( 9,839,752) Equity 40,136,516 40,340,060 29,431,348 Proportion of the Group’s ownership 50% 50% 50% Equity attributable to the Group $ 20,068,258 $ 20,170,030 $ 14,715,674 Carrying amount $ 20,068,258 $ 20,170,030 $ 14,715,674 January 1 to March 31,2021 January 1 to March 31,2020 Shares attributable to the Group Net (loss) profit of the period $ 1,987 ($ 43,120)		March 31,2020
	(		$ 43,120)

Gulei had no significant operating income for the years ended January 1 to March 31, 2021 and 2020.

The share of profit and loss and other comprehensive income of a joint venture and the Group using the equity method for the period of January 1 to March 31, 2021 and 2020 shall be calculated on the basis of the financial statements which have not been reviewed by accountants.

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15. PROPERTY, PLANT AND EQUIPMENT

Freehold land Land improvements Building improvements Machinery and equipment Transportation equipment Other equipment Construction in progress and equipment under installation	March 31,2021 $ 4,682,237 6,596 3,877,525 11,326,437 43,533 306,342 3,119,966 $ 23,362,636		December 31, 2020 $ 4,682,237 6,954 3,974,587 11,626,815 46,935 321,524 2,510,261 $ 23,169,313	March 31,2020	March 31,2020
					$ 4,682,238 7,843 4,074,800 12,168,645 43,014 287,426 1,635,866 $ 22,899,832

According to Rule No. 1072133080 issued by the Land Administration Department of the New Taipei City Government on November 7, 2018, the Company’s land and buildings in Linkou which were recognized under property, plant and equipment are within the scope of the “Linkou City Land Rezoning Area”. Part of the land will be reclaimed, and a portion of this reclaimed land is expected to be returned in 2022. Based on the area’s land reclamation regulations, when the Company reclaims the land, it does not have the obligation to dismantle the existing buildings on the land, nor does it have the obligation to set up factories in the area after reclamation is complete; its only obligation is to vacate the existing buildings. The Company is also not required to repay or satisfy any other obligations with respect to the compensation fees obtained from moving out of the various existing buildings, incentives for automatic relocation and compensation for operating losses after the buildings on the reclaimed land have been handed over. The Company received relevant compensation and incentives of $192,994 thousand in 2019, and recognized relevant compensation income of $155,710 thousand after offsetting the cost of original land and buildings.

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, a subsidiary of CGPC, resolved in 2019 to build the second phase of the Intercontinental Petrochemical Oil Products Center, and signed a turnkey project agreement with CTCI Corporation on October 7,

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2019, with a total investment price of $3,380,107 thousand. As of March 31, 2021, the Group had paid $1,729,071 thousand for the project, which was accounted for under construction in progress.

For the years ended December 31, 2020, ACME (GZ) assessed that some of its machinery and equipment had been idle and did not meet the production requirements, recognizing an impairment loss of $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. TAITA (TJ) recognized an impairment loss of $22,078 thousand in 2019, which was reported under operating costs in the consolidated statements of comprehensive income.

No impairment or reversal was made on the property, plant and equipment of the Group for the period from January 1 to March 31, 2021 and 2020.

The property, plant and equipment of the Group is depreciated on a straight line basis according to the following years of service:

Land improvements			7-20 years
Building improvements
Plant, machine	room	and
improvements			2-55 years
Office building,	labs	and
improvements			10-60 years
Storage rooms			11-45 years
Others			2-40 years
Machinery and equipment			2-26 years
Transportation equipment			2-15 years
Other equipment			2-31 years

Property, plant and equipment pledged as collateral for bank borrowings are set out in Note 36.

For the related capitalized interest, please refer to Note 28 (d) finance cost.

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16. LEASE ARRANGEMENTS

a. Right-of-use assets

Right-of-use assets
Carrying amounts Leasehold land Land use rights Buildings Machinery and equipment Transportation equipment	March 31,2021 $ 174,995 418,938 142,432 51,213 1,980 $ 789,558	December 31, 2020 $ 163,311 427,365 148,111 53,510 2,183 $ 794,480	March 31,2020
				$ 179,347 420,215 162,599 58,264 762 $ 821,187

Addition for right-of-use assets Depreciation charge for right-of-use assets Addition for right-of-use assets Leasehold land Land use rights Buildings Machinery and equipment Transportation equipment	January 1 to March 31,2021 $ 15,972 $ 3,984 5,262 6,001 2,040 203 $ 17,490	January 1 to March 31,2020	January 1 to March 31,2020
			$ 847 $ 3,828 4,997 6,986 2,012 221 $ 18,044

Except for the recognition of depreciation expense, the Group's right-of-use assets did not experience significant impairments for the years ended January 1 to March 31, 2021 and 2020.

The Group has been subleasing its leasehold building Tai-An under operating leases. 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.

Right-of-use assets pledged as collateral for bank borrowings are set out in Notes 19 and 36.

b. Lease liabilities

Lease liabilities
Carrying amounts Current Non-current	March31,2021 $ 98,430 $ 360,066	December 31, 2020 $ 75,284 $ 384,402	March31,2020
				$ 69,063 $ 439,150

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Range of discount rate for lease liabilities was as follows:

Lease land Buildings Machinery Transportation equipment	March 31,2021 0.83%～9.25% 1.04%～1.67% 1.04%～1.25% 1.06%～1.25%	December 31, 2020 0.83%～9.25% 1.04%～2.00% 1.04%～1.16% 1.06%～1.25%	March 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 for a period of one to seven 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).

following table (the Group as lessee).
Expenses relating to short-term leases Expenses relating to low-value asset leases Expenses relating to variable lease payments not including in the measurement of lease liabilities Total cash outflow for leases	January 1 to March 31,2021 $ 13,377 $ 260 $ 8,231 ($ 41,161)	January 1 to March 31,2020
	(	(	$ 9,842 $ 375 $ 10,757 $ 40,595)

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	March 31,2021 $ 200,781 378,037 74,833 $ 653,651	December 31, 2020 $ 200,726 384,483 78,482 $ 663,691	March 31,2020
				$ 115,053 404,277 91,772 $ 611,102

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Cost Balance at January 1, 2021 Addition Net foreign currency exchange differences Balance at March 31, 2021 Accumulated depreciation and impairment Balance at January 1, 2021 Depreciation expenses Net foreign currency exchange differences Balance at March 31, 2021 Net profit as at March 31, 2021 Cost Balance at January 1, 2020 Net foreign currency exchange differences Balance at March 31, 2020 Accumulated depreciation and impairment Balance at January 1, 2020 Depreciation expenses Net foreign currency exchange differences Balance at March 31, 2020 Net profit as at March 31, 2020		Land $ 204,695 55 - $ 204,750 $ 3,969 - - $ 3,969 $ 200,781 $ 119,022 - $ 119,022 $ 3,969 - - $ 3,969 $ 115,053		Buildings $ 736,810 - 1,448) $ 735,362 $ 352,327 6,116 1,118) $ 357,325 $ 378,037 $ 738,314 1,521) $ 736,793 $ 326,570 7,248 1,302) $ 332,516 $ 404,277		Right-of-use assets $ 107,677 - - $ 107,677 $ 29,195 3,649 - $ 32,844 $ 74,833 $ 110,452 - $ 110,452 $ 14,944 3,736 - $ 18,680 $ 91,772		Total
			( ( ( (				( ( ( (	$ 1,049,182 55 1,448) $ 1,047,789 $ 385,491 9,765 1,118) $ 394,138 $ 653,651 $ 967,788 1,521) $ 966,267 $ 345,483 10,984 1,302) $ 355,165 $ 611,102

The investment property is the sublease of the Group’s free-held and leased offices in Taipei to other companies on an operating lease for a period of 1 to 8 years with an option to extend the lease. The lease contracts contain market review clauses in the event that the lessees exercise their options to extend.

Total rent receivable of investment properties under operating lease as of March 31, 2021, December 31, 2020 and March 31, 2020 were:

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Year 1 Year 2 Year 3 Year 4 Year 5 More than 5 years	March 31,2021 $ 89,909 61,685 45,585 31,679 16,111 35,022 $ 279,991	December 31, 2020 $ 46,510 43,513 38,626 29,222 17,494 37,716 $ 213,081	March 31,2020	March 31,2020
				$ 60,994 35,546 29,785 25,390 16,341 28,144 $ 196,200

Except for the recognition of depreciation expense, there is no significant addition, disposal or impairment of the investment properties of the Group during the period from January 1 to March 31, 2021 and 2020.

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

==> picture [336 x 26] intentionally omitted <==

Part of the Group’s investment properties is located in the Toufen and Linyuan Industrial District. 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 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 right-of-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 March 31, 2021, December 31, 2020 and March 31, 2020 were as follows:

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Fair value	March31,2021 $ 1,428,233	December 31, 2020 $ 1,363,122	March31,2020	March31,2020
				$ 1,168,473

The investment properties pledged as collateral for bank borrowings are set out in Note 36.

18. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill a. Other intangible assets b. Technology royalties and patent right Computer software	March31,2021 $ 269,026 $ 1,618 8,418 $ 10,036	December 31, 2020 $ 269,026 $ 1,863 8,944 $ 10,807	March31,2020	March31,2020
				$ 269,026 $ 5,442 9,433 $ 14,875

a. Goodwill

The goodwill of the Group is regularly assessed for impairment at the end of each year. There is no impairment sign during March 31, 2021 and 2020 so the impairment assessment is not carried out.

b. Other intangible assets

Except for the recognition of amortization expenses, there is no significant addition, disposal or impairment of other intangible assets of the Group during January 1 to March 31, 2021 and 2020.

The above-mentioned intangible assets with limited service life are amortized on a straight line basis according to the following service years:

Technology royalties and patent	3 to 7 years
Computer software	1 to 3 years
Others	5 to 7 years

19. BORROWINGS

a. Short-term borrowings

Short-term borrowings
Unsecured borrowings -Line of credit borrowings Range of interest rates	March 31,2021 $ 2,552,117 0.64%～2.89%	December 31, 2020 $ 2,726,270 0.52%～2.89%	March 31,2020
			$ 4,345,132 0.83%～3.95%

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b. Short-term bills payable

b. Short-term bills payable
Bills payable Less: Unamortized discount on bills payable Range of interest rates c. Long-term borrowings Secured borrowings Line of credit borrowings Subtotal Bill payable Unamortized discount on bills payable Subtotal Less: Maturity within one year Long-term borrowings Range of interest rates Secured borrowings Line of credit borrowings Bill payable	March 31,2021 $ 662,000 ( 329) $ 661,671 0.25%～1.078% March31,2021 $ 620,000 6,620,000 7,240,000 - - - 7,240,000 - $ 7,240,000 0.82%～1.11% 0.74%～0.99% -	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% -	March 31,2020
			$ 1,111,000 ( 369) $ 1,110,631 0.50%～1.298% March31,2020
			$ 2,893,200 6,850,000 9,743,200 120,000 ( 130) 119,870 9,863,070 ( 683,200) $ 9,179,870 0.88%～1.30% 0.94%～1.34% 1.528%

In order to replenish the medium and long term working capital, The Company has signed medium and long term credit contracts with the bank with a total credit line of $ 4,513,000 thousand. The credit contract period will be up to February 2024, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, $2,500,000 thousand had been spent.

In order to replenish the medium and long term working capital, UPIIC has signed medium and long term credit contracts with the bank with a total credit line of $ 2,3000,000 thousand. The credit contract period will be up to November 2023, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, $1,000,000 thousand had been spent.

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In order to replenish the medium and long term working capital, CGPCPOL has signed medium and long term credit contracts with the bank with a total credit line of $ 1,000,000 thousand. The credit contract period will be up to August 2023, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, none had been spent.

In order to replenish the medium and long term working capital, TVCM has signed medium and long term credit contracts with the bank with a total credit line of $ 1,100,000 thousand. The credit contract period will be up to September 2023, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, $ 50,000 had been spent.

In order to replenish the medium and long term working capital, TTC has signed medium and long term credit contracts with the bank with a total credit line of $ 2,200,000 thousand. The credit contract period will be up to February 2024, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, $ 300,000 had been spent.

In order to replenish the medium and long term working capital, APC has signed medium and long term credit contracts with the bank with a total credit line of $ 5,650,000 thousand. The credit contract period will be up to December 2024, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, $ 2,300,000 had been spent.

In order to replenish the medium and long term working capital, ACME has signed medium and long term credit contracts with the bank with a total credit line of $ 600,000 thousand. The credit contract period will be up to September 2022, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, $ 340,000 had been spent.

In order to replenish the medium and long term working capital, SPC has signed medium and long term credit contracts with the bank with a total credit line of $ 930,000 thousand. The credit contract period will be up to June 2025, and the total credit line will be recycled within the limited term of the contract. As of March 31, 2021, $ 750,000 had been spent.

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

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the requirements were not met. As of March 31, 2021, the subsidiaries did not violate the requirements.

20. BONDS PAYABLE

BONDS PAYABLE
Domestic unsecured bonds 104-1B - issuance on February 12, 2015, 7 years, total amount $1,000,000 thousand, coupon rate 1.90%, bullet repayment Domestic unsecured bonds 105-1 - issuance on October 28, 2016, 5 years, total amount $2,000,000 thousand, coupon rate 0.80%, bullet repayment Domestic unsecured bonds 106-1 - issuance on October 27, 2017, 5 years, total amount $2,000,000 thousand, coupon rate 1.10%, bullet repayment Domestic unsecured bonds 108-1 - issuance on April 26, 2019, 5 years, total amount $2,000,000 thousand, coupon rate 0.98%, bullet repayment Discounts on bonds payable Less: Maturity within one year	March31,2021 $ 1,000,000 2,000,000 $ 2,000,000 2,000,000 7,000,000 ( 4,949) 6,995,051 (2,999,226) $ 3,995,825	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	March31,2020
	( (	( (	(	$ 1,000,000 2,000,000 $ 2,000,000 2,000,000 7,000,000 7,933) 6,992,067 - $ 6,992,067

In December 2014, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2015 with the amount of $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 $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 $2,000,000 thousand in order to

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reimburse the bank loans, and the unsecured ordinary corporate bonds with a 5-year maturity, due for repayment, were all issued in October 2016.

In October 2017, the Company applied for the first issuance of unsecured ordinary corporate bonds issued in 2017 with the amount of $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 $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 order to repay the loan from the bank, the Company has been approved by the board of directors in May 2021 to apply for the first issuance of unsecured ordinary corporate bonds issued in 2021 with the amount of $2,000,000 thousand, which is expected to be issued before the end of 2021.

21. NOTES AND ACCOUNTS PAYABLE

Operating Accounts payable	March31,2021 $ 3,441,431	December 31, 2020 $ 3,406,837	March31,2020	March31,2020
				$ 2,087,706

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 PAYABLES

THER PAYABLES
Current Other payables Payables for salaries and bonuses Paybales for equipment Payables for water and electricity and gas Payables for freight Payables for interests Payables for professional service expenses Payables for insurance Payable for taxes	March 31,2021 $ 694,924 245,180 282,583 295,665 38,861 21,396 30,335 39,716	December 31, 2020 $ 1,112,278 104,811 246,183 234,550 41,056 27,655 27,262 68,251	March 31,2020
			$ 460,853 195,015 211,500 164,576 43,392 31,427 27,085 21,069

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Payables for dividends Others Other liabilities Refund liabilities	March31,2021 20,177 348,277 2,017,114 15,847 $ 2,032,961	December 31, 2020 71,694 282,813 2,216,533 16,390 $ 2,232,923	March31,2020	March31,2020
				17,739 334,415 1,507,071 17,606 $ 1,524,677

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

PROVISIONS
Non-current Litigation provision	March 31,2021 $ 136,375	December 31, 2020 $ 136,375	March 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 37 for the explanation related to the provision.

24. RETIREMENT BENEFIT PLANS

For the period from January 1 to March 31, 2021 and 2020, the pension costs associated with the defined benefit plan are calculated at the pension cost rates as determined by actuarial calculations as at 31 December 2020 and 2019 and are separately recognized as the following items:

Operating costs Selling and marketing expenses Administrative management expenses R & D expenses Other gains and losses	January 1 to March 31,2021 $ 6,240 580 4,344 262 40 $ 11,466	January 1 to March 31,2020	January 1 to March 31,2020
			$ 7,652 799 1,212 351 49 $ 10,063

25. GOVERNMENT GRANTS

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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. Acme Electronics Corporation (Kunshan) recognized the subsidy as long-term deferred revenue, which will be amortized along with the use of assets. As of March 31, 2021, December 31, 2020 and March 31, 2020 the amounts of deferred income (booked under other current liabilities) that had not been amortized were RMB8,230 thousand (NTD$35,739 thousand), RMB8,363 thousand (NTD$36,502 thousand) and RMB8,760 thousand (NTD$37,371 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, $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 to December 2020, and ACME (KS) and ACME (GZ) have gained preferential electricity fee reduction, exemption, and subsidies due to good pandemic containment.
- According to the information available on the balance sheet date, the Group has
- taken the economic impact of the epidemic into account.

26. EQUITY

UITY
Share capital Capital surplus Retained earnings Other equity items Treasury shares Non-controlling interests	March31,2021 $ 11,887,635 325,369 10,745,808 ( 7,091 ) ( 475,606 ) 28,827,534 $ 51,303,649	December 31, 2020 $ 11,887,635 321,798 9,497,146 ( 240,195 ) ( 475,606 ) 27,732,865 $ 48,723,643	March31,2020
			$ 11,887,635 305,578 7,973,875 ( 1,217,280 ) ( 475,606 ) 22,556,710 $ 41,030,912

a. Share capital
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Number of shares authorized (in thousands) Shares authorized Number of shares issued and fully paid (in thousands) Shares issued	March31,2021 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	March31,2020	March31,2020
					1,342,602 $ 13,426,024 1,188,763 $ 11,887,635

Fully paid ordinary shares, which have a par value of $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 shares issued from new capital, mergers and treasury shares) 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. The capital surplus arising from employee stock option may not be used for any purposes.

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 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 (g).

The industry that the Company operates in is in the maturity stage. Consequently, in order to take R&D needs and diversification into consideration,

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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 $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 paid-in capital, the excess may be transferred to capital or distributed in cash.

The Company held the Board of Directors’ Meeting on March 8, 2021 and the Regular Meeting of Shareholders on June 12, 2020 to propose and adopt the following earnings distribution plans for the year 2020 and 2019, respectively:

Legal reserve Special reserve (reversed) Cash dividends	Appropriation	of Earnings 2019 $ 129,872 350,533 594,382 $ 1,074,787	Dividends Per	Share(NT$)
	2020 $ 233,461 ( 405,932 ) 1,188,763 $ 1,016,292		2020 $ 1	2019
				$ 0.5

The earnings distribution plan for the year 2020 is yet to be decided by the General Meeting of Shareholders expected to be held on June 11, 2021.

Other equity items

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

operations
Balance at January 1 Recognized during the period Exchange differences on translating foreign operations Income tax relating to exchange difference on translating foreign operations Balance at December 31	January 1 to March 31,2021 ( $ 583,855 ) ( 65,441 ) 11,902 ($ 637,394)	January 1 to March 31,2020
		( $ 602,871 ) ( 113,179 ) 13,539 ($ 702,511)

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2). Unrealized gain (loss) on financial assets at FVTOCI

Balance at January 1 Recognized during the period Unrealized gain Equity instruments Related income tax Balance at December 31 e. Non-controlling interests Balance at January 1 Net profit for the period Other comprehensive income (loss) in the period Exchange difference on translating foreign operations Income tax relating to exchange difference on translating foreign operations Unrealized gain (loss) on financial assets at FVTOCI Income tax relating to unrealized gain (loss) on financial assets at FVTOCI Adjustments relating to changes accounted for using the equity method Changes in non-controlling interests Balance at March 31	January 1 to March 31,2021 $ 343,660 287,074 ( 431) $ 630,303 January 1 to March 31,2021 $ 27,732,865 1,325,720 ( 98,480 ) 7,882 ( 60,560 ) ( 901 ) 17 ( 79,009) $ 28,827,534	January 1 to March 31,2020
		( $ 178,187 ) ( 336,654 ) 72 ($ 514,769) January 1 to March 31,2020
		$ 20,517,444 428,715 ( 145,262 ) 9,922 ( 38,552 ) 152 ( 33,970 ) 1,818,261 $ 22,556,710

f. Treasury shares

Treasury shares
Purpose of Buy-Back January 1 to March 31, 20201 Transfer from investment	Number of Shares at January 1 (In Thousands of S h a r e s )		I n c r e a s e During the P e r i o d -	D e c r e a s e During the P e r i o d -	Number of Shares at March 31 (In Thousands of S h a r e s )
		116,466				116,466

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Number of Number of Shares at Shares at I n c r e a s e D e c r e a s e January 1 March 31 (In Thousands of During the During the (In Thousands of Pur p ose of Bu y -Back S h a r e s ) P e r i o d P e r i o d S h a r e s ) shares to treasury shares held by subsidiaries under equity method January 1 to March 31, 2020 Transfer from investment shares to treasury shares held by subsidiaries under equity method 116,466 - - 116,466

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

follows:
Name ofSubsidiary March 31, 2021 Asia Polymer Corporation (“APC”) Taita Chemical Company, Limited (“TTC”) December 31, 2020 APC TTC March 31, 2020 APC TTC	Number of Shares Held (In Thousands of Shares) 101,356 15,110 101,356 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 $ 1,377,381 81,875 $ 1,459,256		Market Price (In Thousands of Shares)
					$ 2,584,570 385,302 $ 2,969,872 $ 2,290,638 341,484 $ 2,632,122 $ 1,018,625 151,854 $ 1,170,479

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 March 31, 2021 and December 31, 2021 and March 31, 2020. For the unrealized gains and losses of financial assets measured at FVTOCI, the Company has adjusted the amount of unrealized gains and losses of investment with equity method and

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financial assets measured at FVTOCI on account according to shareholding ratio. The amount of unrealized gains and losses is $501,792 thousand, $390,637 thousand and $90,396 thousand respectively.

27. REVENUE

REVENUE
Product sales revenue Plastic materials Electronic materials Others Total	January 1 to March 31,2021 $ 15,391,167 670,171 132,840 $ 16,194,178	January 1 to March 31,2020
			$ 10,712,895 510,633 132,880 $ 11,356,408

Product sales revenue of the Group mainly comes from selling polyethylene plastic and other related products.

Contract balances

Contract balances
Notes and accounts receivables (Note 10) Contracted liabilities (recognizing other current liabilities) Product sales	March 31,2021			December 31, 2020 $ 7,481,916 $ 212,751	March 31,2020 $ 6,226,744 $ 148,184	January1,2020
		$ 8,331,767 $ 217,055					$ 7,045,512 $ 151,664

28. NET PROFIT FROM CONTINUING OPERATIONS

Net profit from continuing operations was attributable to:

a. Interest income

Interest income
Cash and cash equivalents Financial assets measured at amortized cost Others Other income Rental income Management service income (Note 35) Government grants income (Note 25) Indemnity income Others	January 1 to March 31,2021 $ 17,711 205 52 $ 17,968 January 1 to March 31,2021 $ 24,152 9,167 898 99 16,888 $ 51,204	January 1 to March 31,2020
		$ 29,008 242 63 $ 29,313 January 1 to March 31,2020
			$ 16,345 7,872 572 - 10,947 $ 35,736

b. Other income

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c. Other gains and losses

Other gains and losses
Gain on disposal of property, plant and equipment-net Net foreign exchange (loss) gain-net Net gain (loss) on financial assets and financial liabilities at FVTPL Impairment losses recognized on non-financial assets Depreciation expense of investment property Other gains and losses Finance costs Interest on bank loans Interest on bonds payable Other interest expense Interest on lease liabilities Less: Capitalized interest (included in construction in progress)	January 1 to March 31,2021 $ 1,232 ( 28,610 ) 82,040 ( 941 ) ( 11,536 ) ( 10,192) $ 31,993 January 1 to March 31,2021 $ 21,858 19,899 11 1,724 ( 859) $ 42,633	January 1 to March 31,2020
		( $ 120 ) 25,518 ( 46,182 ) ( 1,294 ) ( 12,677 ) ( 20,928) ($ 55,683) January 1 to March 31,2020
	(	(	$ 43,931 21,214 15 1,903 599) $ 66,464

d. Finance costs

Information about capitalized interest is as follows:

Capitalized interest Capitalization rate Depreciation and amortization Property, plant and equipment Right-of-use assets Investment properties Intangible assets Others	January 1 to March 31,2021 $ 859 0.83%～1.55% January 1 to March 31,2021 $ 541,207 17,490 9,765 920 13,920 $ 583,302	January 1 to March 31,2020	January 1 to March 31,2020
		$ 599 0.71%～1.23% January 1 to March 31,2020
			$ 547,270 18,044 10,984 2,780 13,911 $ 592,989

e. Depreciation and amortization

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Analysis of depreciation by function Operating costs Operating expenses Other gains and losses Analysis of amortization by function Operating costs General and administrative expenses Research and development expenses	January 1 to March 31,2021 $ 522,913 34,013 11,536 $ 568,462 $ 13,488 1,062 290 $ 14,840	January 1 to March 31,2020	January 1 to March 31,2020
			$ 534,467 28,337 13,494 $ 576,298 $ 13,891 1,045 1,755 $ 16,691

f. Employee benefits expense

Post-employment benefits Defined contribution plans Defined benefit plans (Note 24) Other employee benefits Total employee benefits expense Analysis of employee benefits expense by function Operating costs Operating expenses Non-operating profits or losses	January 1 to March 31,2021 $ 35,403 11,466 46,869 1,210,019 $ 1,256,888 $ 954,338 299,061 3,489 $ 1,256,888	January 1 to March 31,2020	January 1 to March 31,2020
			$ 32,240 10,063 42,303 1,078,106 $ 1,120,409 $ 784,714 331,630 4,065 $ 1,120,409

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 January 1 to March 31, 2021 and 2020 are as follows:

Accrual rates

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Employees’ compensation Remuneration of directors Amount Employees’ compensation Remuneration of directors	January 1 to March 31,2021 1.00% 0.05% January 1 to March 31,2021 $ 14,186 $ 750	January 1 to March 31,2020	January 1 to March 31,2020
		1.00% 0.50% January 1 to March 31,2020
			$ 2,478 $ 1,375

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 and recognized in the next year.

The employees’ compensation and remuneration of directors for 2020 and 2019 were resolved by the board of directors on March 8, 2021 and March 9, 2020, respectively:

respectively:
Employees’ compensation Remuneration of directors		2020 $ 25,892 $ 3,000		2019
				$ 14,793 $ 5,500

There was no difference between the actual amounts of employees’ compensation and remuneration of 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 resolved by the Company’s board of directors is available at the Market Observation Post System website of the Taiwan Stock Exchange.

h. Gain or loss on foreign currency exchange

Total foreign exchange gains Total foreign exchange losses Net (loss) gain	January 1 to March 31,2021 $ 127,248 (155,858) ($ 28,610)	January 1 to March 31,2020	January 1 to March 31,2020
	( (	(	$ 103,525 78,007) $ 25,518

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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 Deferred tax In respect of the current year Income tax expense recognized in profit or loss	January 1 to March 31,2021 $ 636,603 53,660 $ 690,263	January 1 to March 31,2020	January 1 to March 31,2020
			$ 207,316 36,248 $ 243,564

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 -Fair value changes of financial assets at FVTOCI Total income tax recognized in other comprehensive income	January 1 to March 31,2021 ( $ 19,784 ) 1,332 ($ 18,452)	January 1 to March 31,2020
		( $ 23,461 ) ( 224) ($ 23,685)

c. Accreditation of income tax

The income tax return of APC, APCI, TVCM, UM, USII, TUVM, CLT, INOMA, UPIIC, STC, CGTD and USIO as of December 31, 2019 has been assessed by the tax authorities; The income tax return of the Company, TTC, SPC, CGPC and CGPCPOL as of December 31, 2018 has been assessed by the tax authorities; the income tax return of ACME as of December 31, 2017 has been assessed by the tax authorities.

30. EARNINGS PER SHARE

Unit: NT$ Per Share

January 1 to March January 1 to March

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Basic earnings per share Diluted earnings per share		31,2021 $ 1.16 $ 1.16		31,2020
				$ 0.20 $ 0.20

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

Profit for the period

Profit for the period
Profit for the period attributable to owners of the Company (earnings used in the computation of basic and diluted earnings per share) Number of share Weighted average number of ordinary shares used in computation of basic earnings per share Effect of potentially dilutive ordinary shares: Employees’ compensation issued to employees Weighted average number of ordinary shares used in the computation of diluted earnings per share	January 1 to March 31,2021 $1,248,662 Unit: In January 1 to March 31,2021 1,072,298 1,445 1,073,743	January 1 to March 31,2020
		$ 216,956 Thousands of Shares January 1 to March 31,2020
			1,072,298 1,173 1,073,471

If the Group offered to settle compensation paid to employees in cash or shares, the Group assumed the entire amount of the compensation 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, if the effect is dilutive. Such dilutive effect of the potential shares is included in the computation of diluted earnings per share until the board of directors resolves the number of shares to be distributed to employees at their meeting in the following year.

31. SHARE-BASED PAYMENT ARRANGEMENTS

USIO didn’t issue employee share options as of January 1 to March 31, 2021 and 2020. Information on employee share options which were issued was as follows:

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Employee share o p t i o n s Balance at January 1 Options exercised at December 31	January1 to March 31,2021 U n i t Weighted average Exercise Price ( N T $ ) 133 $ 10.8 133 10.8	January1 to March 31,2021 U n i t Weighted average Exercise Price ( N T $ ) 133 $ 10.8 133 10.8	January1 to March 31,2020	January1 to March 31,2020	January1 to March 31,2020
	U	n i t 133 133	U	n i t 133 133	Weighted average Exercise Price ( N T $ )
					$ 10.8 10.8

32. CASH FLOW INFORMATION

a. Non-cash transactions

Except as disclosed in other notes, the following non-cash investing and financing activities of the Group during the period January 1 to March 31, 2021 and 2020 are as follows:

1). As of the year ended March 31, 2021, December 31, 2020 and March 31, 2020, the amounts of payables for purchases of equipment were $245,180 thousand, $104,811 thousand and $195,015 thousand, respectively.
2). As of the year ended March 31, 2021, December 31, 2020 and March 31, 2020, the amounts of payables for dividends declared but not issued were $20,177 thousand, $71,694 thousand and $17,739 thousand, respectively.
b. Changes in liabilities arising from financing activities

January1,2021	January1,2021		Cash Flows	N	o n - c	a	s h C h	a n g e s	a n g e s		Others	March 31,2021
					New Leases		Allocated Finance Costs	Changes in Foreign Currency Exchange Rates
$ 2,726,270 656,704 6,994,302 7,590,000 23,342 459,686 41,000 $ 18,491,304 January1,2020		( ( ( ( (	$ 174,153 ) 5,000 - 350,000 ) 1,389 17,569 ) 400) $ 535,733) Cash Flows	N	$ - - - - - 15,972 - $ 15,972 o n - c	a	$ - - 749 - - 1,724 - $ 2,473 s h C h		$ - - - - - 407 - $ 407 a n g e s	( ( (	$ - 33 ) - - - 1,724 ) - $ 1,757) Others	$ 2,552,117 661,671 6,995,051 7,240,000 24,731 458,496 40,600 $ 17,972,666 March 31,2020
					New Leases		Allocated Finance Costs	Changes in Foreign Currency Exchange Rates
	$ 4,258,980 1,352,810 7,991,283 9,492,970 27,475 552,778 41,778	( ( ( (	$ 86,152 242,000 ) 1,000,000 ) 370,100 14,698 17,718 ) 293)		$ - - - - - 847 -		$ - - 784 - - 1,903 -	(	$ - - - - - 1,643 ) -	( (	$ - 179 ) - - - 27,954 ) -	$ 4,345,132 1,110,631 6,992,067 9,863,070 42,173 508,213 41,485

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N o n - c a s h C h a n g e s Changes in Foreign Allocated Currency January 1, 2020 Cash Flows New Leases Finance Costs Exchange Rates Others March 31, 2020 $ 23,718,074 ( $ 789,061 ) $ 847 $ 2,687 ( $ 1,643 ) ( $ 28,133 ) $ 22,902,771

33. 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.

34. FINANCIAL INSTRUMENTS

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

March 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 March 31, 2020 Financial liabilities Financial liabilities at amortized cost -Domestic corporate bonds	Carrying Amount $ 6,995,051 Carrying Amount $ 6,994,302 Carrying Amount $ 6,992,067	F a i		r	V a	l	u e
				Level 2 $ 7,025,077 r	Level 3 $ - V a		Total
						l	$ 7,025,077 u e
				Level 2 $ 7,029,198 r	Level 3 $ - V a		Total
						l	$ 7,029,198 u e
			Level 1 $ -	Level 2 $ 7,023,936	Level 3 $ -		Total
							$ 7,023,936

Expect for the above, the management of the Group considers that the carrying amounts of financial assets and financial liabilities recognized in the consolidated

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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 level

March 31, 2021

March 31, 2021
Financial assets at FVTPL Derivative financial assets Domestic listed shares and over-the-counter shares Mutual funds Beneficiary certificates Foreign listed shares Total Financial assets at FVTOCI Equity instrument -Domestic listed shares and over-the-counter shares -Domestic emerging market shares -Domestic unlisted shares -Foreign listed shares and over-the-counter shares -Foreign unlisted shares Total Financial liabilities at FVTPL Derivative financial liabilities December 31, 2020 Financial assets at FVTPL Derivative financial assets Domestic listed shares and over-the-counter shares Mutual funds Beneficiary certificates Foreign listed shares Total Financial assets at FVTOCI Equity instrument -Domestic listed shares and over-the-counter shares -Domestic emerging market shares -Domestic unlisted		Level 1 - 408,534 4,841,181 233,294 572 5,483,581 1,827,266 - - 37,159 - 1,864,425 - Level 1 - 506,763 4,765,536 233,670 386 5,506,355 1,694,805 - - 30,566		Level 2 5,734 - - - - 5,734 - - - - - - 28,302 Level 2 5,328 - - - - 5,328 - - - -		Level 3 - - - - - - - 12,416 761,137 - 108,360 881,913 - Level3 - - - - - - - 9,626 720,833 -	Total
	$		$		$		$ 5,734 408,534 4,841,181 233,294 572 $ 5,489,315 $ 1,827,266 12,416 761,137 37,159 108,360 $ 2,746,338 $ 28,302 Total
	$		$		$
	$		$		$
	$		$		$
	$		$		$

	$		$		$		$ 5,328 506,763 4,765,536 233,670 386 $ 5,511,683 $ 1,694,805 9,626 720,833 30,566
	$		$		$
	$		$		$

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shares -Foreign listed shares and over-the-counter shares -Foreign unlisted shares Total Financial liabilities at FVTPL March 31, 2020 Financial assets at FVTPL Derivative financial assets Domestic listed shares and over-the-counter shares Mutual funds Beneficiary certificates Foreign listed shares Total Financial assets at FVTOCI Equity instrument -Domestic listed shares and over-the-counter shares -Domestic emerging market shares -Domestic unlisted shares -Foreign listed shares and over-the-counter shares -Foreign unlisted shares Total Financial liabilities at FVTPL Derivatives		Level 1 - $ 1,725,371 $ - Level 1 $ - 234,713 4,063,578 209,690 529 $ 4,508,510 $ 1,205,030 - - 5,298 - $ 1,210,328 $ -		Level 2 - $ - $ 20,724 Level 2 $ 11,259 - - - - $ 11,259 $ - - - - - $ - $ 3,872		Level3 102,826 $ 833,285 $ - Level3 $ - - - - - $ - $ - 11,301 672,717 - 102,457 $ 786,475 $ -		Total
								102,826 $ 2,558,656 $ 20,724 Total
								$ 11,259 234,713 4,063,578 209,690 529 $ 4,519,769 $ 1,205,030 11,301 672,717 5,298 102,457 $ 1,996,803 $ 3,872

There were no transfers between Levels 1 and 2 in the period from January 1 to March 31, 2021 and 2020.

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

Financial assets at FVTOCI Balance at January 1 Recognized in other comprehensive income (included in unrealized gain (loss) on financial assets at FVTOCI) Return of capital Balance at March 31	January 1 to March 31,2021 $ 833,285 87,773 ( 39,145) $ 881,913	January 1 to March 31,2020	January 1 to March 31,2020
	(		$ 748,451 38,024 - $ 786,475

3) Valuation techniques and inputs applied for Level 2 fair value measurement
Financial Instruments Valuation Techniques and Inputs
Financial liabilities – The corporate bond interest rate announced by domestic 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 Discounted cash flow: Future cash flows are exchange forward estimated based on observable forward contracts 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 marketability increases/decreases by 10%, the fair value will decrease/increase by $88,191 thousand and $78,648 thousand, respectively in years ended March 31, 2021 and 2020.

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c. Categories of financial instruments

Financial assets Financial assets at FVTPL Financial assets mandatorily classified as at FVTPL Financial assets measured at amortized cost Cash and cash equivalents Pledged time and demand deposits Investment products Notes receivable Accounts receivable Other receivables (including related parties) Refundable deposits Financial assets at FVTOCI – equity instrument investments Financial liabilities Financial liabilities at FVTPL-Held for trading Financial liabilities measured at amortized cost Short-term borrowings Short-term bills payable Notes and accounts payable Other payables (not including salaries payable or taxes payable) Current portion of long-term borrowings Bonds payable Long-term borrowings Guarantee deposits received	March 31,2021 $ 5,489,315 9,822,807 785,391 - 549,021 7,782,746 440,600 170,540 2,746,338 28,302 2,552,117 661,671 3,441,431 1,262,297 2,999,226 3,995,825 7,240,000 24,731	December 31, 2020 $ 5,511,683 9,637,007 739,278 - 671,576 6,810,340 293,459 166,993 2,558,656 20,724 2,726,270 656,704 3,406,837 964,310 1,999,233 4,995,069 7,590,000 23,342	March 31,2020
			$ 4,519,769 10,885,509 859,653 138,218 540,215 5,686,529 337,724 173,219 1,996,803 3,872 4,345,132 1,110,631 2,087,706 1,007,410 683,200 6,992,067 9,179,870 42,173

d. Financial Risk Management Objectives and Policies

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The Group’s risk control and hedging strategy are influenced by the operational environment. The Group properly monitors and manages the risks related to business nature in accordance with the principle of risk diversification. These risks include market risk (including foreign currency risk, interest rate risk and other price risk), 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

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 No.39. Please refer to note 7 for carrying amount of derivative with 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 Group’s functional currency relative to the USD appreciates/depreciates by 3%, the Group’s profit before tax for period from January 1 to March 31, 2021 will decrease/increase by $174,878

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thousand; the profit before tax for period from January 1 to March 31, 2020 will decrease/increase by $124,088 thousand.

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 fair value interest rate risk because the Group held financial assets and financial liabilities at fixed rates; the Group was exposed to cash flow interest rate risk because the Group held financial assets and financial liabilities at floating rates. The Group’s management monitors the changes in the market rates on a regular basis and adjusts the floating rate financial liabilities to make the Group’s rates approach market rates in response to the risk caused by changing market rates.

The carrying amounts of the Group’s financial assets and financial liabilities with exposure to interest rates as of the balance sheet date were as follows:

Fair value interest rate risk -Financial assets -Financial liabilities Cash flow interest rate risk -Financial assets -Financial liabilities	March 31,2021 $ 6,292,557 13,500,418 3,875,850 4,406,917	December 31, 2020 $ 6,090,090 12,084,042 4,057,411 6,342,920	March 31,2020
			$ 5,073,861 15,990,256 6,502,661 6,828,857

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%

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higher/lower and all other variables were held constant, the Group’s profit before tax for period from January 1 to March 31, 2021 will decrease/increase by $664 thousand; the profit before tax for period from January 1 to March 31, 2020 will decrease/increase by $408 thousand.

c) Other price risk

The Group was exposed to equity price risk through its investments in equity securities listed domestically and overseas and beneficiary certificates. 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 analysis was determined based on the price of equity securities at the balance sheet date. However, the mutual fund held by the Group are mainly money market funds, and the risk of price fluctuation is very low, so they are not included in the sensitivity analysis.

If equity prices fluctuates by 5%, the pre-tax profit for period from January 1 to March 31, 2021 and 2020 would have increased/decreased by $32,120 thousand and $22,247 thousand, respectively, as a result of the changes in fair value of financial assets at FVTPL, and the pre-tax other comprehensive income for period from January 1 to March 31, 2021 and 2020 would have increased/decreased by $137,317 thousand and $99,840 thousand, respectively, as a result of the changes in fair value of financial assets at FVTOCI.

2) Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in a 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 be equal to the total of the following:

a) The carrying amount of the financial assets recognized in the balance sheets; and
b) The maximum amount payable by the Group due to financial guarantees provided by the Group.
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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 receivables cover a wide range of customers distributed in different districts include numerous clients distributed over a variety of areas, and are not centered on a single client or location. Besides this, ongoing credit evaluations are performed on the financial condition of counterparties of the trade receivables, so the Group’s credit risk is limited. On the balance sheet date, the Group’s maximum exposure to credit risk approximates the carrying amounts of the respective recognized financial assets as stated in the balance sheet.

3). Liquidity risk

The Group manages liquidity risk by monitoring and maintaining a level of cash and cash equivalents deemed adequate to finance the Group’s operations and mitigate the effects of fluctuations in cash flows.

a) Liquidity and interest rate risk tables for non-derivative financial liabilities

The following table details the Group’s remaining contractual maturity for its non-derivative 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.

March 31, 2021

March 31, 2021
Non-derivative Non-interest bearing liabilities Lease liabilities Floating interest rate liabilities Fixed interest rate liabilities	Weighted Average Interest Rate(%) 0.83-9.25 0.52-1.30 0.25-2.89	On Demand or Less than 1 Year $ 5,458,545 113,327 316,917 5,897,200 $ 11,785,989		1-5 Years $ - 237,281 4,090,000 7,150,000 $ 11,477,281		5+ Years
						$ - 275,513 - - $ 275,513

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Additional information about the maturity analysis for lease liabilities:

liabilities:
Lease liabilities	Less than 1 Year			1-5 Years		5-10 Years	10-15 Years		15-20 Years			More than 20 Years
		$ 113,327		$ 237,281		$ 75,121		$ 42,389		$ 43,029		$ 114,974

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	On Demand or Less than 1 Year		1-5Years $ - 248,922 4,990,000 7,600,000 $ 12,838,922		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:

liabilities:
Less than 1 Year 1-5 Years 5-10 Years Lease liabilities$ 78,464 $ 248,922 $ 92,146 March 31, 2020 Weighted Average Interest Rate(%) On Demand o Less than 1 Year Non-derivative financial liabilities Non-interest bearing liabilities $ 3,594,777 Lease liabilities 0.83-9.25 71,933 Floating interest rate liabilities 0.83-3.95 1,049,117 Fixed interest rate liabilities 0.50-2.90 5,090,345 $ 9,806,172	Less than 1 Year	1-5 Years		5-10 Years	10-15 Years		15-20 Years	More than 20 Years
					r	$

Non-derivative financial liabilities Non-interest bearing liabilities Lease liabilities Floating interest rate liabilities Fixed interest rate liabilities
			$ 3,594,777 71,933 1,049,117 5,090,345
			$ 9,806,172

Additional information about the maturity analysis for lease liabilities:

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==> picture [354 x 29] intentionally omitted <==

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

The following table details the Group’s liquidity analysis for its derivative financial instruments and the undiscounted gross inflows and outflows on those derivatives that require gross settlement. When the amount payable or receivable is not fixed, the amount disclosed has been determined by reference to the projected interest rates as illustrated by the yield curves on the balance sheet date.

March 31, 2021

March 31, 2021
Gross settled Foreign exchange forward contracts -Inflows -Outflows December 31, 2020 Gross settled Foreign exchange forward contracts -Inflows -Outflows March 31, 2020 Gross settled Foreign exchange forward contracts -Inflows -Outflows	On Demand or Less than 1 Month $ 1,469,223 (1,480,820) ($ 11,597) On Demand or Less than 1 Month $ 914,593 ( 920,172) ($ 5,579) On Demand or Less than 1 Month $ 994,646 ( 992,297) $ 2,349		1-3Months $ 1,623,872 1,640,556) $ 16,684) 1-3Months $ 1,328,558 1,345,476) $ 16,918) 1-3Months $ 1,182,549 1,183,362) $ 813)	3 Months to 1 Year
		( (		$ 83,352 ( 84,486) ($ 1,134) 3 Months to 1 Year
		( (		$ 109,690 ( 111,875) ($ 2,185) 3 Months to 1 Year
	(	( (		( (	$ 62,565 66,009) $ 3,444)
			$

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c) Financing facilities

The Group relies on bank loans as a significant source of liquidity. The amount of unused bank financing of the Group on the balance sheet date is as follows:

December 31, March 31, 2021 2020 March 31, 2020

Bank loan facilities Amount unused $ 35,275,891 $ 34,248,864 $ 26,371,015

35. TRANSACTIONS WITH RELATED PARTIES

Balances, transactions, profits and expenses 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 the other notes, details of transactions between the Group and other related parties are disclosed as follows.

a. Related parties’ names and relationships

R e l a t e d P a r t y N a m e s Relationship with the Group Fujian Gulei Petrochemical Co., Ltd. Joint venture USI Education Foundation Other related party

b. Donation expense (classified as general and administrative expenses)

RelatedParty Category/Name Other related party USI Education Foundation	January 1 to March 31,2021 $ 16,000	January 1 to March 31,2020	January 1 to March 31,2020
			$ 7,250

c. Management services income (classified as other income)

Related PartyCategory/Name Joint venture	January 1 to March 31,2021 $ 9,167	January 1 to March 31,2020	January 1 to March 31,2020
			$ 7,490

d. Other Receivables

Other Receivables
Related Party Category/Name Joint venture	March 31,2021 $ 8,321	December 31, 2020 $ 19,369	March 31,2020
				$ 6,785

e. Compensation of key management personnel
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The total remuneration of directors and other members of key management personnel were as follows:

personnel were as follows:
Short-term employee benefits Post-employment benefits	January 1 to March 31,2021 $ 7,895 81 $ 7,976	January 1 to March 31,2020
			$ 9,057 81 $ 9,138

Compensation of the board and other key management personnel depends on individual performance and market trend.

36. ASSETS PLEDGED AS COLLATERAL

The following assets were provided as guarantees for the tariff of imported raw materials, outward documentary bill, long term and short term financing amount, or the gas explosion compensation:

gas explosion compensation:
Pledged time deposits (classified as financial assets measured at amortized cost) Property, plant and equipment Investment properties, net Land use rights (classified as right-of-use assets) Refundable deposits (classified as other non-current assets)	March31,2021 $ 678,114 926,613 108,178 21,175 62,811 $ 1,796,891	December 31, 2020 $ 678,314 927,196 108,178 21,482 62,633 $ 1,797,803	March31,2020
				$ 659,653 3,724,740 108,178 21,577 89,395 $ 4,603,543

37. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACT

COMMITMENT

a. As of the years ended March 31, 2021, December 31, 2020 and March 31, 2020, the Company’s unused letter of credit amounted to $2,885,750 thousand, and $2,236,491thousand and $1,308,043, respectively.
b. The following is regarding the subsidiary, CGTD, who was commissioned to operate LCY Chemical Corp.’s propene pipeline resulting in a gas explosion on July 31, 2014. The second instance judgment of criminal procedures was reached on April 24, 2020, whereby three employees of CGTD were all acquitted of the charges. At
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present, the case is appealed by the Kaohsiung Branch, Taiwan High Prosecutors Office and is being tried by the Supreme Court.

CGTD arrived at an agreement with the Kaohsiung City Government on February 12, 2015, to pledge certificates of bank deposits of $227,458 thousand (including interest) to Kaohsiung City Government as collateral for the losses caused by the gas explosion. Kaohsiung City Government also filed civil procedure requests in succession against LCY Chemical Corp., CGTD and CPC Corporation. Taiwan Power Company applied for provisional attachment against CGTD’s property on August 27 and November 26, 2015. CGTD has deposited $99,207 thousand in cash to the court, exempted from the provisional attachment. Taiwan Water Corporation also applied for provisional attachment against CGTD’s property on February 3 and March 2, 2017. As of April 30, 2021, the provisionally attached properties were worth $13,320 thousand.

As for the victims, CGTD, LCY Chemical Corp. and the Kaohsiung City Government signed a tripartite agreement for the compensation of 32 victims’ families on July 17, 2015. Each victim’s family received $12,000 thousand, and the total amount of compensation was $384,000 thousand, which was paid by LCY Chemical Corp. LCY Chemical Corp. was in charge of negotiating the compensation with the victims’ families and signing the settlement agreement on behalf of the three parties.

As for the seriously injured, CGTD, LCY Chemical Corp. and the Kaohsiung City Government signed a tripartite agreement for the compensation of the 65 seriously injured victims’ families on October 25, 2017. 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 April 30, 2021, 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 $46,677 thousand and settled for a compensation amount of $4,519 thousand instead. The compensation amount still in the lawsuit and the settlement amount for the victims and the seriously injured as mentioned in the previous paragraph amounted to $3,856,447 thousand. The

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first-instance judgments of some of the abovementioned civil cases (with a total amount of compensation of approximately $1,341,128 thousand) have been gradually announced starting from June 22, 2018. The proportion of fault-based liabilities 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 $401,979 thousand, of which the court ruled an exemption for CGTD in the amount of $6,194 thousand. CGTD had filed an appeal in those civil cases which were announced but not yet settled and entered into the second-instance trials. CGTD had signed a settlement agreement with insurance companies, where based on CGTD’s proportion of fault-based liabilities in the first-instance judgment, an amount of $136,375 thousand, which is the amount of settlement and civil-case compensation for the victims and the seriously injured (including settled cases) after deducting the maximum insurance claims, was estimated and recognized as liability. However, the actual amount of the aforementioned settlement and compensation still depends on the future judgments of the remaining civil cases.

38. 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 the “Joint Venture”) and agree to pass the establishment of the 100%-owned company named Dynamic Ever Investments Limited 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; (2) Dynamic Ever Investments Limited will establish a joint venture company in accordance with the laws of the People’s Republic of China with Fujian
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Refining and Chemical Co., at Gulei Park located in Zhangzhou Fujian Province (“Gulei Company”) and acquire 50% interest of Gulei Company for cooperative 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 31, 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 operating 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 March 31, 2021, DOR PO had invested US$103,915 thousand and held 15% ownership interest in Dynamic Ever Investment Limited.

As of March 31, 2021 the Company and APC had invested US$246,670 thousand (approximately $7,645,981 thousand) and US$170,475 thousand (approximately $5,255,587 thousand), respectively, in Ever Conquest Global Limited. Through Ever Conquest Global Limited, the Company and APC increased the capital in Ever Victory Global Limited and then reinvested in Dynamic Ever Investments Limited. The shareholding ratio of the joint venture was 67.4%. Dynamic Ever Investments Limited had invested RMB 4,657,200 thousand in Gulei. In order to improve the efficiency of asset management, the Company provides 10 listed real estates for investment located in subsec. 3, Yanji St., Songshan Dist., Taipei City 105049, Taiwan (R.O.C.). In cooperation with the neighboring areas, the has participated in the urban renewal plan of Huaku Development Co., Ltd. (hereinafter referred to as Huaku Development) by means of right change, and has signed the Urban Renewal Development Contract, and has received a performance

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bond of $6,400 thousand from the builder. The plan has been approved by the Taipei Municipal Government on November 30, 2017. Besides, in order to ensure the smooth development of the urban renewal plan, the Company and Huaku Development signed a Real Estate Trust Contract with the Trust Department of Yushan Bank in 2017, and jointly entrusted the Trust Department of Yushan Bank to manage, divide, merge and transfer the property rights of the construction base and the buildings on the ground during the duration of the trust relationship. As of March 31, 2021, the Urban Renewal Project has been completed and the right to use license has been obtained, but the transfer of ownership of the acquired land and houses has not been completed.

d. Significant operating 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 in the contracts. The petrochemical raw materials insurance expenses are borne by individual commissioned companies.

commissioned companies.
CommissioningCompany Taita Chemical Company, Ltd. Taiwan VCM Corporation USI Corporation Asia Polymer Corporation LCY Chemical Corporation Taiwan Synthetic Rubber Corp. NANTEX Industry Co., Ltd. En Chuan Chemical Industries Co., Ltd. Xin Long Guang Plastics Co., Ltd. Formosa Plastic Corporation Chi-Hsen Transportation Company LCY GRIT CORP.	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 2020.01.01-2021.12.31 2020.01.01-2021.12.31 2020.01.01-2021.12.31

The above contracts may be renewed after the expiry of the period.

39. SIGNIFICANT ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

The following information is summarized and expressed in terms of foreign currencies other than the functional currencies of each individual of the Group. The exchange rate disclosed refers to the exchange rate converted from such foreign

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currencies to the functional currencies. The information of foreign currency assets and liabilities of material impact is as follows:

Unit: Foreign and Functional Currencies in Thousands

Foreign currency assets		March 31,2021	March 31,2021
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currency	NTD
	$ 204,482 3,812 4,490 390,303 2,462 812 527 4,621,502 12,280 6,930 560 52,100 120 70,000			$ 5,834,901 108,756 128,116 1,694,849 10,691 17,639 17,680 20,068,258 4,020 501 255 513 111 334
Monetary items USD USD USD RMB RMB AUD EUR Non-monetary items Joint ventures accounted for using the equity method RMB Derivatives USD buy USD sell USD sell RMB sell EUR sell JPY buy Foreign currency liabilities Monetary items USD USD USD RMB Non-monetary items Non-monetary items USD sell USD sell RMB sell
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currency	NTD
	$ 47,058 15,305 936 32,650 41,650 100 277,800	28.54`（`USD`：`NTD`）` 6.57`（`USD`：`RMB`）` 4.34`（`USD`：`MYR`）` 4.34`（`RMB`：`NTD`）` 28.54`（`USD`：`NTD`）` 4.34`（`USD`：`MYR`）` 4.34`（`RMB`：`NTD`）`	$ 1,342,792 100,581 4,065 141,778 17,750 4 10,524	$ 1,342,792 436,760 26,717 141,778 17,750 28 10,524

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Foreign currency assets		December31,2020	December31,2020
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currency	NTD
	$ 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			$ 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 accounted for using the equity method RMB Derivatives USD sell USD sell RMB sell EUR sell Foreign currency l i a b i l i t i e s
Monetary items USD USD USD RMB Non-monetary items Derivatives USD buy USD sell RMB sell JPY buy Foreign currency asset
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currency	NTD
	$ 139,171 4,962 3,252 278,682 3,891 680 462	30.23`（`USD`：`NTD`）` 7.09`（`USD`：`RMB`）` 4.50`（`USD`：`MYR`）` 4.27`（`RMB`：`NTD`）` 0.14`（`RMB`：`USD`）` 18.64`（`AUD`：`NTD`）` 33.24`（`EUR`：`NTD`）`	$ 4,206,452 35,148 14,632 1,188,861 549 12,671 15,375	$ 4,206,452 149,938 98,288 1,188,861 16,594 12,671 15,375
Monetary items USD USD USD RMB RMB AUD EUR Non-monetary items

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Joint ventures accounted for using the equity method RMB Derivatives USD buy USD sell USD sell RMB sell EUR sell JPY buy Foreign currency l i a b i l i t i e s		March 31,2020	March 31,2020
	Foreign Currency	Exchange Rate (In Single Dollars)	Functional Currency	NTD
	3,449,529 2,599 17,460 100 183,900 110 45,000 32,843 13,743 770 21,693 2,196 18,650 1,590 33,100 387	0.14`（`RMB`：`USD`）` 30.23`（`USD`：`NTD`）` 30.23`（`USD`：`NTD`）` 4.50`（`USD`：`MYR`）` 4.27`（`RMB`：`NTD`）` 4.95`（`EUR`：`MYR`）` 0.01`（`JPY`：`USD`）` 30.23`（`USD`：`NTD`）` 7.09`（`USD`：`RMB`）` 4.50`（`USD`：`MYR`）` 4.27`（`RMB`：`NTD`）` 30.23`（`USD`：`NTD`）` 30.23`（`USD`：`NTD`）` 4.50`（`USD`：`MYR`）` 4.27`（`RMB`：`NTD`）` 4.95`（`EUR`：`MYR`）`	486,871 336 1,299 13 9,250 5 424 992,654 97,374 3,465 92,542 214 2,078 123 536 32	14,715,674 336 1,299 84 9,250 35 255 992,654 415,395 23,275 92,542 214 2,078 826 536 218
Monetary items USD USD USD RMB Non-monetary items Derivatives USD buy USD sell USD sell RMB sell EUR sell

For the year ended March 31, 2021 and 2020, the realized and unrealized net foreign exchange losses were $28,610 thousand and $25,518 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.

40. 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, associates and joint ventures). (Table 3)
4). Marketable securities acquired or disposed of at accumulative costs/prices of at least NT$300 million or 20% of the paid-in capital. (Table 4)
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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 34)
10). Others: Intercompany relationships and significant intercompany transactions. (Table 9)
11). Information on investees. (Table 7)
c. Information on investments in mainland China
1). Information on any investee company in mainland China, showing the name, principal business activities, paid-in capital, method of investment, inward and outward remittance of funds, ownership percentage, net income of investees, 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 area. (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: (Table 10)
- a) The amount and percentage of purchases and the balance and percentage of the related payables at the end of the period. (None)
- b) The amount and percentage of sales and the balance and percentage of the related receivables at the end of the period. (Tables 5)
- 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 financing of funds. (Table 1)
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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 main shareholders: Names of shareholders with a shareholding ratio of more than 5%, and numbers and ratios of shares held. (Table 11)

41. SEGMENT INFORMATION

The Group provides its chief operating decision maker with details about allocated resources and assessed segment information which focus on each group entity’s financial information. The Group’s reportable segment related information is detailed as follows:

a. Reportable segment income information

Segment income Interest income Finance costs Depreciation and amortization Impairment loss Reportable segment profit before tax Reportable segment tax expense Reportable segment net profit			January1 to March 31,2	January1 to March 31,2	021
	U S I	CGPC and Its Subsidiaries	TTC and Its Subsidiaries	ACME and Its Subsidiaries	APC and Its Subsidiaries	Others	Total
	$ 3,589,988 1,177 ( 23,471 ) ( 153,456 ) - 1,403,709 ( 155,047 ) 1,248,662	$ 4,978,665 302 ( 677 ) ( 177,747 ) - 1,106,466 ( 219,690 ) 886,776	$ 4,536,148 9,903 ( 1,312 ) ( 49,447 ) - 632,443 ( 143,778 ) 488,663	$ 678,598 2,575 ( 3,871 ) ( 50,222 ) - 21,048 ( 11,721 ) 9,327	$ 1,852,605 786 ( 7,377 ) ( 78,152 ) ( 941 ) 668,922 ( 113,806 ) 555,116	$ 1,169,900 3,225 ( 7,473 ) ( 88,848 ) - 683,833 ( 46,221 ) 637,612	$ 16,805,904 17,968 ( 44,181 ) ( 597,872 ) ( 941 ) 4,516,421 ( 690,263 ) 3,826,158

Segment income Interest income Finance costs Depreciation and amortization Impairment loss Reportable segment profit before tax Reportable segment tax expense Reportable segment net profit			January1 to March 31,2	January1 to March 31,2	020
	USI	CGPC and Its Subsidiaries	TTC and Its Subsidiaries	ACME and Its Subsidiaries	APC and Its Subsidiaries	Others	Total
	$ 2,304,599 1,096 ( 31,017 ) ( 154,965 ) - 243,955 ( 26,999 ) 216,956	$ 3,591,214 1,169 ( 2,418 ) ( 171,863 ) - 446,176 ( 97,472 ) 348,704	$ 2,958,085 5,229 ( 8,802 ) ( 56,604 ) - 186,567 ( 41,817 ) 144,750	$ 513,035 3,549 ( 4,814 ) ( 49,650 ) - ( 5,367 ) ( 3,361 ) ( 8,728 )	$ 1,314,013 2,363 ( 13,785 ) ( 78,088 ) ( 1,294 ) 180,523 ( 34,128 ) 146,395	$ 1,056,921 15,907 ( 7,114 ) ( 96,399 ) - 162,810 ( 39,787 ) 122,023	$ 11,737,867 29,313 ( 67,950 ) ( 607,569 ) ( 1,294 ) 1,213,664 ( 243,564 ) 970,100

b. Reportable segment income and other major adjustments of items

1). Segment income and operating results

Reportable segment net profit before tax Reportable segment tax expense Reportable segment profit after tax Other non-reportable segment profit Less: Profit between segments Net profit after consolidation	January 1 to March 31,2021 $ 3,832,588 ( 644,042) 3,188,546 637,612 (1,251,776) $ 2,574,382	January 1 to March 31,2020	January 1 to March 31,2020
	( (	( (	$ 1,051,854 203,777) 848,077 122,742 325,148) $ 645,671

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2). Other significant items reconciliation

			January1 to M	arch 31,2021
USI	CGPC and Its Subsidiaries	TTC and Its Subsidiaries	ACME and Its Subsidiaries	APC and Its Subsidiaries	Others	Reconciliation	Total
$ 1,177 ( 23,471 ) ( 153,456 ) -	$ 302 ( 677 ) ( 177,747 ) -	$ 9,903 ( 1,312 ) ( 49,447 ) -	$ 2,575 ( 3,871 ) ( 50,222 ) - January1 to M	$ 786 ( 7,377 ) ( 78,152 ) ( 941 ) arch 31,2020	$ 3,225 ( 7,473 ) ( 88,848 ) -	$ - 689 14,570 -	$ 17,968 ( 43,492 ) ( 583,302 ) ( 941 )
USI	CGPC and Its Subsidiaries	TTC and Its Subsidiaries	ACME and Its Subsidiaries	APC and Its Subsidiaries	Others	Reconciliation	Total
$ 1,096 ( 31,017 ) ( 154,965 ) -	$ 1,169 ( 2,418 ) ( 171,863 ) -	$ 5,229 ( 8,802 ) ( 56,604 ) -	$ 3,549 ( 4,814 ) ( 49,650 ) -	$ 2,363 ( 13,785 ) ( 78,088 ) ( 1,294 )	$ 15,907 ( 7,114 ) ( 96,399 ) -	$ - 887 14,580 -	$ 29,313 ( 67,063 ) ( 592,989 ) ( 1,294 )

Since the Group had not offered information about assets of individual operating segments to the operational decision maker, no such information from the individual operating segments is included in the segment information.

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USI CORPORATION AND SUBSIDIARIES

(Acme Electronics Corporation (ACME)) FINANCING PROVIDED TO OTHERS JANUARY 1 TO MARCH 31, 2021

TABLE 1-1

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

No.	Lender	Borrower	Financial Statement Account	Related Party	Highest Balance for the Period (Note 3)	Ending Balance (Notes 3 and 4)	Actual Borrowing Amount (Notes 3 and 4)	Interest Rate (%)	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 - related parties	Yes	$ 228,280 ( USD 8,000 thousand )	$ 228,280 ( USD 8,000 thousand)	$ 199,745 ( USD 7,000 thousand )	1.19300~ 2.82663	2	$ -	Business turnover	$ -	-	-	$ 516,602	$ 516,602

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 March 31, 2021.

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

a. Business relationship is coded “1”.
b. For short-term financing is coded “2”.

Note 3: The amount was calculated using the spot exchange rate as of March 31, 2021.

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

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USI CORPORATION AND SUBSIDIARIES

(Swanson Plastics Corporation (SPC)) FINANCING PROVIDED TO OTHERS JANUARY 1 TO MARCH 31, 2021

TABLE 1-2

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

No.	Lender	Borrower	Financial Statement Account	Related Party	Highest Balance for the Period (Note 3)	Ending Balance (Notes 3 and 4)	Actual Borrowing Amount (Notes 3 and 4)	Interest Rate (%)	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
													N a m e	V a l u e
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 - related parties Other receivables - related parties Other receivables - related parties	Yes Yes Yes	$ 88,601 184,267 14,268	$ 88,601 182,381 14,268	$ 88,601 182,381 14,268	- 3.85 2.50	2 2 2	$ - - -	Business turnover Business turnover Business turnover	$ - - -	- - -	- - -	$ 151,176 552,793 366,280	$ 226,764 552,793 366,280

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:

a. Business relationship is coded “1”.
b. For short-term financing is coded “2”.

Note 3: The amount was calculated using the spot exchange rate as of March 31, 2021.

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

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USI CORPORATION AND SUBSIDIARIES

ENDORSEMENTS/GUARANTEES PROVIDED

JANUARY 1 TO MARCH 31, 2021

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

TABLE 2										(In Tho	usands of New Taiwan Dollar	usands of New Taiwan Dollar	s, Unless Stated	Otherwise)
No.	Endorser/Guarantor	Endorsee/Guarantee		Limits on Endorsement/ Guarantee Given on Behalf of Each Party (Note 1)	Maximum Amount Endorsed/ Guaranteed During the Period (Note 2)	Outstanding Endorsement/ Guarantee at the End of the Period (Note 2)	Actual Borrowing Amount	Amount Endorsed/ Guaranteed by Collateral	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/ Guarantee Limit (Note 1)	Endorsement/ Guarantee Given by Parent on Behalf of Subsidiaries	Endorsement/ Guarantee Given by Subsidiaries on Behalf of Parent	Endorsement/ Guarantee Given on Behalf of Companies in Mainland China	Remark
		Name	Relationship
0 0	USI Corporation USI Corporation	Union Polymer Int’l Investment Corp. 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	$ 11,238,058 11,238,058	$ 3,900,000 305,350 ( USD 10,000 thousand) ( NTD 20,000 thousand )	$ 3,900,000 305,350 ( USD 10,000 thousand ) ( NTD 20,000 thousand )	$ 1,432,000 58,542	$ - -	17.35 1.36	$ 13,485,669 13,485,669	Yes Yes	No No	No No

Note 1: The total endorsements/guarantees provided amounts 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 endorsement/guarantees was calculated based on net value as of March 31, 2021.

Note 2: The amount was calculated using the spot exchange rate as of March 31, 2021.

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USI CORPORATION AND SUBSIDIARIES

(Acme Electronics Corporation)

ENDORSEMENTS/GUARANTEES PROVIDED

JANUARY 1 TO MARCH 31, 2021

TABLE 2-1

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

No.	Endorser/Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limits on Endorsement/ Guarantee Given on Behalf of Each Party (Note 2)	Maximum Amount Endorsed/ Guaranteed During the Period	Outstanding Endorsement/ Guarantee at the End of the Period (Note 3)	Actual Borrowing Amount (Note 3)	Amount Endorsed/ Guaranteed by Collaterals	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%) (Note 1)	Aggregate Endorsement/ Guarantee Limit (Note 2)	Endorsement/ Guarantee Given by Parent on Behalf of Subsidiaries	Endorsement/ Guarantee Given by Subsidiaries on Behalf of Parent	Endorsement/ Guarantee Given on Behalf of Companies in Mainland China	Remark
		Name	Relationship
0	Acme Electronics Corporation	Acme Electronics (Kunshan) Co., Ltd.	Subsidiary of ACME (Cayman)	$ 1,937,256	$ 199,745 ( USD 7,000 thousand )	$ 199,745 ( USD 7,000 thousand )	$ 114,140 ( USD 4,000 thousand )	$ -	15.47	$ 2,583,008	No	No	Yes

Note 1: Net value at the end of March 2021 is used.

Note 2: The maximum amount of total endorsement/guarantee shall not exceed 200% of the equity attributable to owners of the endorser/guarantor. The maximum amount of endorsement/guarantee for an individual entity shall not exceed 150% of the equity attributable to owners of the endorser/guarantor. The maximum amount of endorsement/guarantee was calculated based on the equity of the endorser/guarantor as of March 31, 2021. Note 3: The foreign currency amount was calculated based on the spot exchange rate as of March 31, 2021.

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USI CORPORATION AND SUBSIDIARIES

(Swanson Plastics Corporation (SPC))

ENDORSEMENTS/GUARANTEES PROVIDED

JANUARY 1 TO MARCH 31, 2021

TABLE 2-2

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

No.	Endorser/Guarantor	Endorsee/Guarantee	Endorsee/Guarantee	Limits on Endorsement/ Guarantee Given on Behalf of Each Party (Note 1)	Maximum Amount Endorsed/ Guaranteed During the Period	Outstanding Endorsement/ Guarantee at the End of the Period (Note 2)	Actual Borrowing Amount (Note 2)	Amount Endorsed/ Guaranteed by C o l l a t e r a l	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/ Guarantee Limit (Note 1)	Endorsemen t/Guarantee Given by Parent on Behalf of Subsidiaries	Endorsemen t/Guarantee Given by Subsidiaries on Behalf of Parent	Endorsemen t/Guarantee Given on Behalf of Companies in Mainland China	Remark
		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	Forever Young Co., Ltd. Swanson Plastics (Singapore) Private Limited Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Kunshan) Co., Ltd. Swanson Technologies Corporation Swanson Plastic (Tianjin) Co., Ltd. PT. Swanson Plastics Indonesia	Subsidiary Subsidiary Sub-subsidiary Sub-subsidiary Subsidiary Sub-subsidiary Subsidiary	$ 5,204,386 5,204,386 5,204,386 5,204,386 5,204,386 5,204,386 5,204,386	$ 1,438,419 51,078 34,242 85,605 219,796 28,535 57,070	$ 1,438,419 51,078 34,242 85,605 219,796 28,535 57,070	$ - - - - 122,200 - -	$ - - - - - - -	55.28 1.96 1.32 3.29 8.45 1.10 2.19	$ 6,505,483 6,505,483 6,505,483 6,505,483 6,505,483 6,505,483 6,505,483	No No No No No No No	No No No No No No No	No No No Yes No Yes No

Note 1: the Limits on Endorsement/Guarantee Given on Behalf of Each Party shall not exceed 200% of the net value of the most recent financial statement of SPC, and the Maximum Amount Endorsed/Guaranteed shall not exceed 250% of the net value of the most recent financial statement of SPC.

Note 2: The foreign currency amount was calculated based on the spot exchange rate as of March 31, 2021.

89 -

USI CORPORATION AND SUBSIDIARIES

(China General Plastics Corporation (CGPC)) ENDORSEMENTS/GUARANTEES PROVIDED JANUARY 1 TO MARCH 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 Given on Behalf of Each Party (Note 2)	Maximum Amount Endorsed/ Guaranteed During the Period	Outstanding Endorsement/ Guarantee at the End of the Period	Actual Borrowing Amount	Amount Endorsed/ Guaranteed by Collateral	Ratio of Accumulated Endorsement/ Guarantee to Net Equity in Latest Financial Statements (%) (Note 1)	Aggregate Endorsement/ Guarantee Limit (Note 2)	Endorseme nt/ Guarantee Given by Parent on Behalf of Subsidiarie s	Endorseme nt/ Guarantee Given by Subsidiarie s on Behalf of Parent	Endorseme nt/ Guarantee Given on Behalf of Companies in Mainland China	Remark
		Name	Relationship
0	China General Plastics Corporation	CGPC Polymer Corporation	Subsidiary	$ 6,338,860	$ 2,450,000	$ 2,350,000	$ 14,268	None	22.24	$ 10,564,766	No	No	No

Note 1: The ratio was calculated by the ending balance of equity of CGPC as of March 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 its latest financial statement. 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 its latest financial statement.

90 -

USI CORPORATION AND SUBSIDIARIES

(Taita Chemical Company, Ltd. (TTC)) ENDORSEMENTS/GUARANTEES PROVIDED JANUARY 1 TO MARCH 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 Given on Behalf of 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/ Guarantee to Net Equity in Latest Financial Statements (%)	Aggregate Endorsement/ Guarantee Limit (Note 2)	Endorseme nt/ Guarantee Given by Parent on Behalf of Subsidiaries	Endorseme nt/ Guarantee Given by Subsidiaries on Behalf of Parent	Endorseme nt/ Guarantee Given on Behalf of Companies in Mainland China	Remark
		Name	Relationship
0 0	Taita Chemical Company, Ltd. Taita Chemical Company, Ltd.	TAITA (BVI) Holding Co., Ltd. Taita Chemical (Zhongsan) Co., Ltd.	Subsidiary with 100% held ordinary shares Subsidiary whose ordinary shares were 100% held by TTC’s subsidiaries	$ 6,894,691 6,894,691	$ 885,350 ( USD 10,000thousand) ( NTD 600,000thousand) 434,240 ( RMB 100,000thousand)	$ 742,675 ( USD 5,000thousand) ( NTD 600,000thousand) 434,240 ( RMB 100,000thousand)	$ - -	$ - -	10.77 6.30	$ 10,342,037 10,342,037	No No	No No	No Yes

Note 1: The amount was calculated at the spot exchange rate as of March 31, 2021.

Note 2: The ceiling to TTC on the total amount of endorsements/guarantees permitted shall not exceed 150% of TTC’s net worth; the ceiling to TTC on the total amount of endorsements/guarantees to any individual entity shall not exceed 100% of TTC’s net worth. The ceiling to TTC and its subsidiaries on the total amount of endorsements/guarantees permitted shall not exceed 200% of TTC’s net worth; the ceiling to TTC and its subsidiaries on the total amount of endorsements/guarantees to any individual entity shall not exceed 150% of TTC’s net worth.

91 -

USI CORPORATION AND SUBSIDIARIES

MARKETABLE SECURITIES HELD

March 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		March 31, 2021	March 31, 2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership (%)	Fair Value
USI Corporation	Shares CTCI Corporation KHL IB Venture Capital Co., Ltd. AU Optronics Corporation Taiwan Cement Corporation Quanta Computer Inc. Evergreen Marine Corp. G.M.I. Technology Inc. Sercomm Corporation Tung Ho Steel Enterprise Corporation Beneficiary certificates Nomura Money Market Fund Shin Kong Chi-Shin Money-market Fund Cathay Taiwan Money Market Fund TCB Taiwan Money Market Fund Hua Nan Kirin Money Market Fund Yuanta De-Li Money Market Fund CTBC Hwa-win Money Market Fund	- - - - - - - - - - - - - - - -	Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - 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 throughprofit or loss - current	15,130,656 10,478,895 8,514,006 500,000 200,000 1,403,251 987,800 50,000 300,000 6,078,251 1,921,574 7,973,655 9,763,241 21,124,952 3,039,976 8,998,794	$ 573,452 291,470 179,220 23,400 19,600 63,848 18,719 3,705 13,365 100,002 30,007 100,002 100,002 255,014 50,001 100,002	1.98 11.90 0.09 - - - - - - - - - - - - -	$ 573,452 291,470 179,220 23,400 19,600 63,848 18,719 3,705 13,365 100,002 30,007 100,002 100,002 255,014 50,001 100,002

92 -

	UPAMC James Bond Money Market Fund Hua Nan Phoenix Money Market Fund Taishin Ta-Chong Money Market Fund Capital Money Market Fund Mega Diamond Money Market Fund FSITC Money Market 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 throughprofit or loss - current	12,463,591 28,851,936 10,469,280 6,144,544 5,564,230 555,679 6,079,033	210,004 473,039 150,020 100,002 70,438 100,003 83,012	- - - - - - -	210,004 473,039 150,020 100,002 70,438 100,003 83,012

(Continued)

93 -

(Continued)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		March 31, 2021	March 31, 2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership (%)	Fair Value
Union Polymer Int’l Investment Corp. Swanlake Traders Ltd. USIFE Investment Co., Ltd.	Beneficiary certificates Cathay No. 1 Real Estate Investment Trust Fund Shares Asia Polymer Corporation China General Plastics Corporation Taita Chemical Company, Ltd. Shares SOHOware Inc. TGF Linux Communications Inc. Neurosky Inc. Preferred D Shares AU Optronics Corporation AU Optronics Corporation Wafer Works Corporation Solargiga Energy Holdings Ltd. Dah Chung Bills Finance Corporation Swanson Plastics Corp. USI Optronics Corporation	- Investee at equity method Investee at equity method Investee at equity method - - - - - - - - Investor company and investee have the same chairman Investor company and investee have the same chairman	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 other comprehensive income -current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current	3,290,000 21,747,535 4,256,482 395,025 1,150,000 300,000 2,397,364 1,266,061 1,266,061 3,001,655 11,876,111 470,914 7,605,894 165,279	$ 61,457 534,989 158,767 17,045 - - - 26,651 26,651 126,670 15,909 7,177 111,198 273	- 3.74 0.77 0.11 1.05 2.14 0.70 0.01 0.01 0.59 0.37 0.10 4.93 0.25	$ 61,457 534,989 158,767 17,045 - - - 26,651 26,651 126,670 15,909 7,177 111,198 273	Note 2 Note 2 Note 2

94 -

	Digimax, Inc. Silicon Technology Investment (Cayman) Corp. Taiwan Cement Corporation China General Plastics Corporation Asia Polymer Corporation Taita Chemical Company, Ltd. Tung Ho Steel Enterprise Corporation	- - - Investor company and investee have the same chairman Investor company and investee have the same chairman Investor company and investee have the same chairman -	Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - 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 throughprofit or loss - current	23,234 911,849 300,000 510,487 1,668,758 1,209,113 100,000	- 48,155 14,040 19,041 41,051 52,173 4,455	0.05 1.77 - 0.09 0.29 0.35 0.01	- 48,155 14,040 19,041 41,051 52,173 4,455

(Continued)

95 -

(Continued)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		March 31, 2021	March 31, 2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership (%)	Fair Value
Taiwan United Venture Capital Corp.	Quanta Computer Inc. Evergreen Marine Corp. G.M.I. Technology Inc. Acme Electronics Corporation Superactive Group Company Limited Beneficiary certificates Yuanta De-Li Money Market Fund Fuh Hwa Money Market Fund Cathay Taiwan Money Market Fund Beneficiary certificates Fuh Hwa Money Market Fund Cathay Taiwan Money Market Fund Shares Innovation & Infinity Global Corp. Teratech Corp. MiTAC Holdings Corp. Chitec Technology Co., Ltd. Leadwell Cnc Machines Mfg., Corp. Digimax, Inc.	- - - investee have the same chairman - - - - - - - - - - - -	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 - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current	100,000 468,416 303,200 500,000 678,000 1,870,081 3,440,659 5,844,200 3,399,556 4,391,849 720,804 90,000 2,062,000 399,091 419,753 518,898	$ 9,800 21,313 5,746 9,200 572 30,759 50,060 73,296 49,461 55,081 - - 59,488 12,416 15,145 -	- 0.01 0.24 0.27 - - - - - - 0.73 0.58 0.17 1.37 0.68 1.18	$ 9,800 21,313 5,746 9,200 572 30,759 50,060 73,296 49,461 55,081 - - 59,488 12,416 15,145 -	Note 2 Note 2

96 -

Taiwan United Venture Management Corp.	Orgchem Technologies, Inc. Hexawave, Inc. Uranus Chemicals Co., Ltd. Neuro Sky, Inc. PreferredA Neuro Sky, Inc. Preferred B Neuro Sky, Inc. PreferredC Beneficiary certificates Fuh Hwa Money Market Fund	- - - - - - -	Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value throughprofit or loss - current	594,594 109,109 13,114 10,000,000 12,595,523 4,532,823 91,730	8,663 939 270 - - - 1,335	1.09 0.27 0.03 1.42 1.78 0.64 -	8,663 939 270 - - - 1,335	Note 2 Note 2 Note 2

(Continued)

97 -

(Continued)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		March 31, 2021	March 31, 2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership (%)	Fair Value
Inoma Corporation USI Optronics Corporation	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 fair value through profit or loss - current Financial assets at fair value through profit or loss - current Financial assets at fair value throughprofit or loss - current	595,654 1,016,620 887,541 1,412,688	$ 8,134 15,210 12,120 17,115	- - - -	$ 8,134 15,210 12,120 17,115

Note 1: All securities in the table include stocks, bonds, beneficiary certificates and items derived 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.

98 -

USI CORPORATION AND SUBSIDIARIES (China General Plastics Corporation (CGPC)) MARKETABLE SECURITIES HELD March 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		March 31,2021	March 31,2021		Note
				Holding Company Name	Type and Name of Marketable Securities	Relationshi p with the Holding Company	Financial Statement Account
China General Plastics Corporation Taiwan VCM Corporation	Closed-end fund beneficiary certificates Cathay No. 1 Real Estate Investment Trust Fund Open-end fund beneficiary certificates TCB Taiwan Money Market Fund Taishin Ta-Chong Money Market Fund The RSIT Enhanced Money Market Fund Shin Kong Chi-Shin Money-market Fund Taishin 1699 Money Market Fund Shares KHL IB Venture Capital Co., Ltd. Open-end fund beneficiary certificates Hua Nan Phoenix Money Market Fund UPAMC James Bond Money Market Fund TCB Taiwan Money Market Fund Hua Nan Kirin Money Market Fund Taishin Ta-Chong 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 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 other comprehensive income - non-current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current	2,668,000 5,858,231 3,489,451 4,144,975 2,561,459 1,464,783 5,239,447 6,099,830 5,935,387 9,763,718 8,035,988 2,791,717 2,561,689	$ 49,838 60,004 50,002 50,001 40,000 20,002 145,709 100,009 100,008 100,007 97,008 40,004 40,004	- - - - - - 5.95 - - - - - -	$ 49,838 60,004 50,002 50,001 40,000 20,002 145,709 100,009 100,008 100,007 97,008 40,004 40,004	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

99 -

Taiwan VCM Corporation	Taishin 1699 Money Market Fund Jih Sun Money Market Fund CTBC Hwa-win Money Market Fund Shares Asia Polymer Corporation	- - - The major shareholders are the same as the those of CGPC	Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - current Financial assets at fair value through other comprehensive income - non-current	1,611,330 669,954 269,976 127,691	22,003 10,024 3,000 3,142	- - - 0.02	22,003 10,024 3,000 3,142	Note 1 Note 1 Note 1 Note 1

(Continued)

100 -

(Continued)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		March 31,2021	March 31,2021		Note
				Holding Company Name	Type and Name of Marketable Securities	Relationshi p with the Holding Company	Financial Statement Account
CGPC Polymer Corporation CGPC（BVI）Holding Co., Ltd.	Open-end fund beneficiary certificates Taishin Ta-Chong Money Market Fund Capital Money Market Fund FSITC Money Market FSITC Taiwan Money Market Fund Prudential Financial Money Market Fund Cathay Taiwan Money Market Fund Hua Nan Kirin Money Market Fund Shin Kong Chi-Shin Money-market Fund Taishin 1699 Money Market Fund Shares Teratech Corporation SOHOware,Inc Preferred	- - - - - - - - - - -	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 -non- current Financial assets at fair value through profit or loss -non- current	12,711,610 8,916,527 528,151 5,121,304 4,384,646 3,986,923 4,142,090 2,625,640 2,197,260 112,000 100,000	$ 182,151 145,117 95,049 79,099 70,006 50,002 50,002 41,002 30,004 - -	- - - - - - - - - 0.67 -	$ 182,151 145,117 95,049 79,099 70,006 50,002 50,002 41,002 30,004 - -	Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Notes 1 and 3 Notes 1, 2 and 3

Note 1: The marketable securities were not pledged as guarantees or collateral for borrowings and not subject to restrictions.

Note 2: The preference shares are not used in the calculation of shareholding ratio and net worth. Note 3: As of March 31, 2021, CGPC evaluated the fair value of equity impairments as $0.

Note 4: Please refer to Tables 7-3 and 8-3 for detailed information on subsidiaries and associates.

101 -

USI CORPORATION AND SUBSIDIARIES

(Taita Chemical Company, Ltd. (TTC))

MARKETABLE SECURITIES HELD

MARCH 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		March 31,2021	March 31,2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership (%)	Fair Value
Taita Chemical Company, Ltd. TTC (BVI) Holding Co., Ltd.	Shares USI Corporation-ordinary shares Harbinger Venture Capital-ordinary shares Closed-end fund beneficiary certificates Cathay No. 1 Real Estate Investment Trust Fund Open-end fund beneficiary certificates Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Yuanta De-Li Money Market Fund Capital Money Market Fund Taishin 1699 Money Market Fund Shares Budworth Investment Ltd.-ordinary shares Teratech Corporation-ordinary shares Sohoware Inc.-preference shares	Harbinger Venture Capital-ordinary shares - - - - - - - - - -	Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - 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 other comprehensive income - non-current Financial assets at fair value through profit or loss- non- current Financial assets at fair value through profit or loss–current	15,109,901 990 3,250,000 6,099,532 8,284,181 6,080,062 2,457,818 1,464,676 20,219 112,000 100,000	$ 385,302 8 60,710 100,005 100,004 100,004 40,001 20,001 6 ( USD - thousand ) - -	1.27 0.50 - - - - - - 2.22 0.74 -	$ 385,302 8 60,710 100,005 100,004 100,004 40,001 20,001 6 ( USD - thousand ) - -	Note 1 Note 3 Note 1 Note 2 Note 2 Note 2 Note 2 Note 2 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 March 2021. Note 2: The fair value was calculated based on the net asset value on the last trading day of March 2021. Note 3: TTC utilized the assets approach and took into account the most recent net asset value, observable financial status as well as the financing activities of investees in order to determine their net asset value. Note 4: As of March 31, 2021, TTC evaluated the fair value of equity instruments as $0.

Note 5: Please refer to Tables 7-4 and 8-4 for detailed information on subsidiaries and associates.

102 -

USI CORPORATION AND SUBSIDIARIES

(Asia Polymer Corporation)

MARKETABLE SECURITIES HELD

MARCH 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		March 31,2021	March 31,2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership(%)	Fair Value
Asia Polymer Corporation	Ordinary Shares Harbinger Venture Capital Corp. Riselink Venture Capital KHL IB Venture Capital Co., Ltd. USI Corporation USI Corporation AU Optronics Corporation Wafer Works Corporation Sercomm Corporation Evergreen Marine Corp. Quanta Computer Inc. Tung Ho Steel Enterprise Corporation G.M.I. Technology Inc Taiwan Cement Corporation Beneficiary securities Cathay No. 1 Real Estate Investment Trust Fund Beneficiary securities	- - - Financial assets at fair value through other comprehensive income - non-current - - - - - - - - - -	Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - 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	2,377 2,632 10,478,895 101,355,673 14,446,107 9,618,516 2,017,946 50,000 1,403,251 200,000 300,000 972,800 500,000 3,281,000	$ 19 318 291,418 2,584,570 547,507 202,470 85,157 3,705 63,848 19,600 13,365 18,434 23,400 61,289	1.20 1.67 11.90 8.53 1.89 0.10 0.39 0.02 0.03 0.01 0.03 0.77 0.01 -	$ 19 318 291,418 2,584,570 547,507 202,470 85,157 3,705 63,848 19,600 13,365 18,434 23,400 61,289

103 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		March 31,2021	March 31,2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership(%)	Fair Value
	Mega Diamond Money Market Fund Jih Sun Money Market Fund Prudential Financial Money Market Fund Taishin 1699 Money Market Fund Taishin Ta-Chong Money Market Fund FSITC Money Market	- - - - - -	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 throughprofit or loss - current	5,095,391 16,818,904 3,137,157 4,394,639 6,979,512 277,840	64,503 251,641 50,088 60,011 100,013 50,001	- - - - - -	64,503 251,641 50,088 60,011 100,013 50,001

(Continued)

104 -

(Continued)

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Relationship with the Holding Company	Financial Statement Account		March 31,2021	March 31,2021		Note
					Number of Shares	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 Hua Nan Phoenix Money Market Fund Shin Kong Chi-Shin Money-market Fund Shares Budworth Investment Ltd.-ordinary shares Silicon Technology Investment (Cayman) Corp.-preference shares NeuroSky, Inc.- series D preference shares Solargiga Energy Holdings Ltd. Teratech Corp.-ordinary shares TGF Linux Communication, Inc.-preference shares Sohoware, Inc.-preference shares Boldworks, Inc.-preference shares Ordinary Shares USI Corporation Taiwan Cement Corporation Tung Ho Steel Enterprise Corporation Evergreen Marine Corp. Quanta Computer Inc.		- - - - - - - - - - - - Ordinary 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 fair value through profit or loss - current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - non-current Financial assets at fair value through profit or loss - 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 throughprofit or loss - current	4,855,961 2,071,268 3,049,878 640,365 40,467 1,139,776 2,397,364 15,863,333 112,000 300,000 450,000 689,266 44,808 300,000 100,000 468,416 100,000	$ 75,000 25,004 50,004 10,000 12 60,187 - 21,250 - - - - 1,143 14,040 4,455 21,313 9,800	- - - - 4.45 2.19 0.37 0.49 0.67 - - - - - 0.01 0.01 -	$ 75,000 25,004 50,004 10,000 12 60,187 - 21,250 - - - - 1,143 14,040 4,455 21,313 9,800	Note 1 Note 1 Note 1 Note 1 Note 1

105 -

Holding Company Name	Type and Name of Marketable Securities	Relationship with the Holding Company	Financial Statement Account		March 31,2021	March 31,2021		Note
				Number of Shares	Carrying Amount	Percentage of Ownership(%)	Fair Value
	G.M.I. Technology Inc. Beneficiary securities 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	297,900 2,892,518	5,645 36,277	0.24 -	5,645 36,277

Note 1: Due to the investment losses recognized over the past years, APC evaluated the fair value of long-term equity instruments as 0. Note 2: Please refer to Tables 7-5 and 8-5 for detailed information on subsidiaries and associates.

106 -

USI CORPORATION AND SUBSIDIARIES

(China General Terminal & Distribution Co.)

MARKETABLE SECURITIES HELD

MRACH 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		March 31,2021	March 31,2021		Note
				Number of Shares	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	Equity-method investee Equity-method investee Equity-method investee -	Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current Financial assets at fair value through other comprehensive income - non-current	5,186,748 2,800,751 1,972,483 499,552	$ 127,594 104,468 85,113 12,938	0.89 0.51 0.57 -	$ 127,594 104,468 85,113 12,938	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.

107 -

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

JANUARY 1 TO MARCH 31, 2021

TABLE 4

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

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	Beginning Balance (Notes 1 and 2)	Beginning Balance (Notes 1 and 2)	Acquisition	Acquisition		Disposal	Disposal		Ending (Notes	Balance 1 and 2)
					Number of Shares	Amount	Number of Shares	Amount	Number of Shares	Amount	Carrying Amount	Gain on Disposal	Number of Shares	Amount
USI Corporation USI Optronics Corporation INOMA Corporation	Beneficiary certificates 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 Taishin Ta-Chong Money Market Fund CTBC Hwa-win Money Market Fund Taishin 1699 Money Market Fund Nomura Money Market Fund TCB Taiwan Money Market Fund Beneficiary certificates 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 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	- - - - - - - - - - - -	- - - - - - - - - - - -	- 16,662,140 5,884,596 12,815,912 7,379,140 20,116,313 9,003,412 5,497,139 - - 1,257,350 595,654	$ - 273,000 71,000 200,000 120,000 288,000 100,000 75,000 - - 17,000 8,000	12,463,591 28,851,936 21,124,952 1,921,574 6,144,544 13,262,069 28,349,822 10,988,490 9,118,726 20,994,211 - -	$ 210,000 473,000 255,000 30,000 100,000 190,000 315,000 150,000 150,000 215,000 - -	- 16,662,140 5,884,596 12,815,912 7,379,140 22,909,102 28,354,440 10,406,596 3,040,475 11,230,970 369,809 -	$ - 273,052 71,005 200,031 120,040 328,111 315,027 142,030 50,003 115,007 5,048 -	$ - 273,000 71,000 200,000 120,000 328,000 315,000 142,000 50,000 115,000 5,000 -	$ - 52 5 31 40 111 27 30 3 7 48 -	12,463,591 28,851,936 21,124,952 1,921,574 6,144,544 10,469,280 8,998,794 6,079,033 6,078,251 9,763,241 887,541 595,654	$ 210,000 473,000 255,000 30,000 100,000 150,000 100,000 83,000 100,000 100,000 12,000 8,000

Note : The beginning and ending balance was calculated at the original purchase cost.

108 -

USI CORPORATION AND SUBSIDIARIES

(China General Plastics Corporation (CGPC))

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

JANUARY 1 TO MARCH 31, 2021

TABLE 4-1

(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		Disposal	Disposal		EndingBalance(Note)	EndingBalance(Note)
					Number of Shares	Amount	Number of Shares	Amount	Number of Shares	Amount	Carrying Amount	Gain on Disposal	Number of Shares	Amount
China General Plastics Corporation Taiwan VCM Corporation	Beneficiary certificates Hua Nan Phoenix Money Market Fund Shin Kong Chi-Shin Money-market Fund Taishin Ta-Chong Money Market Fund CTBC Hwa-win Money Market Fund Taishin 1699 Money Market Fund Nomura Money Market Fund TCB Taiwan Money Market Fund Beneficiary certificates 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 Taishin Ta-Chong Money Market Fund CTBC Hwa-win Money Market Fund Taishin 1699 Money Market Fund Nomura 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	- - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - -	- 6,407,463 4,190,295 4,501,666 7,255,248 - - - 610,344 - - 4,611,100 6,983,874 - 3,664,588 -	$ - 100,000 60,000 50,000 99,000 - - - 10,000 - - 75,000 100,000 - 50,000 -	9,760,770 7,046,540 10,470,985 11,700,773 5,128,323 6,079,397 11,718,808 11,872,783 12,200,702 8,284,524 2,561,689 - 16,756,150 8,999,199 5,128,430 6,079,434	$ 160,000 110,000 150,000 130,000 70,000 100,000 120,000 200,000 200,000 100,000 40,000 - 240,000 100,000 70,000 100,000	9,760,770 10,892,544 11,171,829 16,202,439 10,918,788 6,079,397 5,860,577 5,937,396 6,711,216 248,536 - 4,611,100 20,948,307 8,729,223 7,181,688 6,079,434	$ 160,011 170,016 160,019 180,017 149,049 100,004 60,003 100,004 110,014 3,000 - 75,026 300,038 97,004 98,029 100,009	$ 160,000 170,000 160,000 180,000 149,000 100,000 60,000 100,000 110,000 3,000 - 75,000 300,000 97,000 98,000 100,000	$ 11 16 19 17 49 4 3 4 14 - - 26 38 4 29 9	- 2,561,459 3,489,451 - 1,464,783 - 5,858,231 5,935,387 6,099,830 8,035,988 2,561,689 - 2,791,717 269,976 1,611,330 -	$ - 40,000 50,000 - 20,000 - 60,000 100,000 100,000 97,000 40,000 - 40,000 3,000 22,000 -

109 -

CGPC Polymer Corporation	TCB Taiwan Money Market Fund CGPC Polymer Corporation Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Shin Kong Chi-Shin Money-market Fund Capital 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	- - - - -	- - - - -	- 7,629,121 3,315,451 1,601,866 11,991,180	- 125,000 40,000 25,000 195,000	14,647,150 6,710,631 18,559,524 2,625,640 -	150,000 110,000 224,000 41,000 -	4,883,432 14,339,752 17,732,885 1,601,866 3,074,653	50,002 235,056 214,021 25,003 50,034	50,000 235,000 214,000 25,000 50,000	2 56 21 3 34	9,763,718 - 4,142,090 2,625,640 8,916,527	100,000 - 50,000 41,000 145,000

(Continued)

110 -

(Continued)

Company Name	Type and Name of Marketable Securities	Financial Statement Account	Counterparty	Relationship	BeginningBalance(Note)	BeginningBalance(Note)	Acquisition	Acquisition		Disposal	Disposal		EndingBalance(Note)	EndingBalance(Note)
					Number of Shares	Amount	Number of Shares	Amount	Number of Shares	Amount	Carrying Amount	Gain on Disposal	Number of Shares	Amount
	Taishin Ta-Chong Money Market Fund Taishin 1699 Money Market Fund Nomura Money Market Fund TCB 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	- - - -	- - - -	8,941,582 15,393,455 - -	$ 128,000 210,000 - -	3,770,028 2,197,260 3,040,475 20,508,375	$ 54,000 30,000 50,000 210,000	- 15,393,455 3,040,475 20,508,375	$ - 210,084 50,002 210,026	$ - 210,000 50,000 210,000	$ - 84 2 26	12,711,610 2,197,260 - -	$ 182,000 30,000 - -

Note : The beginning and ending balance was calculated at the original purchase cost.

111 -

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

JANUARY 1 TO MARCH 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	Counterpar ty	Relationship	BeginningBalance	BeginningBalance	Acquisition(Note)	Acquisition(Note)		Disposal	Disposal	Disposal		EndingBalance(Note)	EndingBalance(Note)
					Number of Shares	Amount	Number of Shares	Amount	Number of Shares	Amount	Carrying Amount		Gain on Disposal	Number of Shares	Amount
Taita Chemical Company, Ltd.	Beneficiary certificates Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Capital Money Market Fund Taishin Ta-Chong Money Market Fund CTBC Hwa-win Money Market Fund Taishin 1699 Money Market Fund Nomura Money Market Fund TCB 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	- - - - - - - -	- - - - - - - -	5,248,671 6,962,057 5,225,881 - - - - -	$ 86,000 84,000 85,000 - - - - -	10,064,881 15,741,851 2,457,818 2,792,614 6,301,027 5,128,538 3,040,475 9,764,957	$ 165,000 190,000 40,000 40,000 70,000 70,000 50,000 100,000	9,214,020 14,419,727 5,225,881 2,792,614 6,301,027 3,663,862 3,040,475 9,764,957	$ 151,026 174,014 85,022 40,001 70,003 50,010 50,008 100,003	$ 151,000 174,000 85,000 40,000 70,000 50,000 50,000 100,000		$ 26 14 22 1 3 10 8 3	6,099,532 8,284,181 2,457,818 - - 1,464,676 - -	$ 100,000 100,000 40,000 - - 20,000 - -

Note : The beginning and ending balance was calculated at the original purchase cost.

112 -

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

JANUARY 1 TO MARCH 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	Counterpar ty	Relationship	BeginningBalance	BeginningBalance	Acquisition	Acquisition		Disposal	Disposal		EndingBalance (Note)	EndingBalance (Note)
					Number of Shares	Amount	Number of Shares	Amount	Number of Shares	Amount	Carrying Amount	Gain on Disposal	Number of Shares	Amount
Asia Polymer Corporation	Beneficiary certificates Hua Nan Phoenix Money Market Fund Hua Nan Kirin Money Market Fund Shin Kong Chi-Shin Money-market Fund Capital Money Market Fund Taishin Ta-Chong Money Market Fund CTBC Hwa-win Money Market Fund Taishin 1699 Money Market Fund Nomura 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	- - - - - - - -	- - - - - - - -	- 6,381,916 - 2,152,072 - 5,672,048 12,021,036 -	$ - 77,000 - 35,000 - 63,000 164,000 -	3,049,878 2,071,268 640,365 - 12,564,432 - 10,623,243 1,520,237	$ 50,000 25,000 10,000 - 180,000 - 145,000 25,000	- 6,381,916 - 2,152,072 5,584,920 5,672,048 18,249,630 1,520,237	$ - 77,012 - 35,015 80,003 63,012 249,091 25,003	$ - 77,000 - 35,000 80,000 63,000 249,000 25,000	$ - 12 - 15 3 12 91 3	3,049,878 2,071,268 640,365 - 6,979,512 - 4,394,649 -	$ 50,000 25,000 10,000 - 100,000 - 60,000 -

Note : The beginning and ending balance was calculated at the original purchase cost.

113 -

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

JANUARY 1 TO MARCH 31, 2021

TABLE 5

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

Buyer/Seller	Related Party	Relationship		Transaction Details	Transaction Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable(Payable)	Notes/Accounts Receivable(Payable)	Note
			Purchase/ Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Ending Balance	% of Total
USI Corporation	Asia Polymer Corporation	Subsidiary	Purchase	$ 358,847	14.75	Within 60 days after purchasing on credit	No significant difference	No significant difference	$ 253,309	( 24.89 )

Note: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

114 -

USI CORPORATION AND SUBSIDIARIES

(Acme Electronics Corp. (ACME))

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

JANUARY 1 TO MARCH 31, 2021

TABLE 5-1

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

Buyer/Seller	Related Party	Relationship		Transaction Details	Transaction Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable(Payable)	Notes/Accounts Receivable(Payable)	Note
			Purchase/ Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Financial Statement Account and EndingBalance	% of Total
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 subsidiary Fellow subsidiary Parent company	Purchase Sale Sale Sale Purchase Purchase	$ 1,625,611 ( 143,042 ) ( 1,625,611 ) ( 1,474,372 ) 1,474,372 143,042	78 ( 5 ) ( 52 ) ( 48 ) 97 91	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 ( $ 1,124,836 ) Accounts receivable from related parties 144,804 Accounts receivable from related parties 1,124,836 Accounts receivable from related parties 1,450,944 Accounts payable to related parties ( 1,450,944 ) Accounts payable to related parties ( 144,804 )	( 80 ) 10 44 56 ( 98 ) ( 97 )	Note Note Note Note Note Note

Note: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

115 -

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

JANUARY 1 TO MARCH 31, 2021

TABLE 5-2

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

Buyer/Seller	Related Party	Relationship		Transaction	Details		Abnormal Transaction	Abnormal Transaction	Notes/Accounts Receivable	(Payable)	Note
			Buyer/Seller	Related Party	Relationship	Transaction Details	Abnormal Transaction	Notes/Accou nts Receivable (Payable)	Note	Buyer/Seller
Taita Chemical Company, Ltd.	Taita Chemical Company, Ltd. (Zhongshan)	Sub-subsidiary	Sale	( $ 237,115 ) ( USD8,377 thousand)	( 6.81 )	30 days	No significant difference	No significant difference	Accounts receivable from related parties $ 1,892 ( USD 66 thousand )	0.13

Note: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

116 -

USI CORPORATION AND SUBSIDIARIES

(Asia Polymer Corporation)

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

JANUARY 1 TO MARCH 31, 2021

TABLE 5-3


TABLE 5-3									(In Thousands of New Taiwan Dollars, Unless Stated Otherwise)
Buyer/Seller	Related Party	Relationship		Transaction Details			Abnormal Transaction		Notes/Accounts Receivable(Payable)		Note
			Purchase/ Sale	Amount	% of Total	Payment Terms	Unit Price	Payment Terms	Financial Statement Account and EndingBalance	% of Total
Asia Polymer Corporation	USI Corporation	Ultimate parent company	Sale	( $ 354,860 )	( 19.15 )	60 days	No significant difference	No significant difference	Accounts receivable from related parties $ 259,211	32.28

Note: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

117 -

USI CORPORATION AND SUBSIDIARIES

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

MARCH 31, 2021

TABLE 6

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

Company Name	Related Party	Relationship	Ending Balance (Note 3)	Turnover Rate (%)	Overdue	Overdue	Amounts Received in Subsequent Period(Note 2)	Allowance for Impairment Loss
					Amount	Actions Taken
USI Corporation	USI Corporation	Subsidiary of the Company	Other receivables from related parties $ 116,978	-	$ -	-	$ 79,876	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 April 1 to April 28, 2021.

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

118 -

USI CORPORATION AND SUBSIDIARIES

(Acme Electronics Corporation)

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

MARCH 31, 2021

TABLE 6-1

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

Company Name	Related Party	Relationship	Ending Balance (Note 2)	Turnover Rate (%)	Overdue	Overdue	Amounts Received in Subsequent Period	Allowance for Impairment Loss
					Amount	Actions Taken
Acme Electronics Corporation Acme Electronics (Guang-Zhou) Co., Ltd.	ACME Electronics (Cayman) Corp Acme Electronics Corporation	Subsidiary of ACME Subsidiary of GAEL	Other receivables from related parties $ 210,239 Receivables from related parties 141,623	- 2.84	$ - -	- -	$ 30,431 31,817	Note 1 Note 1

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

Note 2: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

119 -

USI CORPORATION AND SUBSIDIARIES

(Swanson Plastics Corporation (SWANSON))

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

MARCH 31, 2021

TABLE 6-2

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

Company Name	Related Party	Relationship	Ending Balance (Note 3)	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 subsidiary	Other receivables from related parties $ 184,806 ( RMB 42,558 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, 2021 to April 28, 2021

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

120 -

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

MARCH 31, 2021

TABLE 6-3

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

Company Name	Related Party	Relationship	Ending Balance (Note 3)	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	Accounts receivable from related parties $ 144,804 Accounts receivable from related parties $ 1,124,836 Accounts receivable from related parties $ 1,450,944	4.48 5.93 4.08	$ - - -	- - -	$ 46,240 518,410 428,623	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, 2021 to April 28, 2021

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

121 -

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

MARCH 31, 2021

			MARCH 31, 2021
TABLE 6-4					(In Thousands of New		Taiwan Dollars, Unless Stated Otherwise) Amounts Received in Subsequent Period(Note 2) Allowance for Impairment Loss $ - $ -
Company Name	Related Party	Relationship	Financial Statement Account and Ending Balance (Note 3)	Turnover Rate (%)	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 $ 263,921 ( USD 9,249 thousand ) (Note 1)	-	$ 263,921	Continue to collect	$ -	$ -

Note 1: The other receivables of Taita Chemical Co., Ltd. is from selling raw materials to Taita Chemical (Tianjin) Co., Ltd., transferred to other receivables since it had exceeded the normal credit period. Note 2: There was no amount received as of May 5, 2021.

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

122 -

USI CORPORATION AND SUBSIDIARIES

(Asia Polymer Corporation (APC))

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

MARCH 31, 2021

TABLE 6-5

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

Company Name	Related Party	Relationship	Financial Statement Account and Ending Balance (Note 3)	Turnover Rate (%)	Overdue	Overdue	Amounts Received in Subsequent Period(Note 2)	Allowance for Impairment Loss
					Amount	Actions Taken
Asia Polymer Corporation	USI Corporation	Ultimate parent company	Accounts receivable from related parties $ 259,211	6.32	$ -	-	$ 135,260	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 April 1 to May 5, 2021

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

123 -

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

TABLE 7

USI CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTEES

JANUARY 1 TO MARCH 31, 2021

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount(Not e 2)	Original Investment Amount(Not e 2)	As of March 31,2021	As of March 31,2021	As of March 31,2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				March 31, 2021	December 31, 2020	Number of Shares	Percentage (`％`)	Carrying Amount
USI Corporation Ever Conquest Global Limited Ever Victory Global Limited	USIFE Investment Co., Ltd Swanlake Traders Ltd. USI (Hong Kong) Company Limited Union Polymer Int'l Investment Corp. Taiwan United Venture Capital Corp. Chong Loong Trading Co., Ltd. Swanson Plastics Corp. Acme Electronics Corp. INOMA Corporation INOMA Corporation Cypress Epoch Limited Ever Conquest Global Limited USI Optronics Corporation Ever Victory Global Limited Dynamic Ever Investments Limited	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 (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) P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 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) P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands Room 1902, 19/F, Lee Gargen One, 33 Hysan Aveme, CausewayBay,HongKong	Investment (focused on “production, transportation, storage, building, bank, securities investment and trading industry”) Trading and investment Trading and investment Investment (focused on “production and service industry”) Venture capital (focused on “high technology industry”) Import and export trade Production and marketing of stretch film, embossed film and industrial-use multi-layer 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 crystal Investment Investment	$ 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 11,903,233 ( USD 417,145 thousand ) 16,802,835 ( USD 588,850 thousand )	$ 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 11,903,233 ( USD 417,145 thousand ) 16,802,835 ( USD 588,850 thousand )	87,250,800 30,000,000 159,999 616,268,754 32,900,000 4,358,183 62,616,299 49,250,733 9,243,369 671,400 5,000,000 246,670,000 33,000,000 417,145,000 588,850,000	100.00 100.00 100.00 100.00 70.00 99.93 40.58 26.91 94.37 100.00 100.00 60.21 50.85 67.40 85.00	$ 907,712 1,295,326 66,778 8,457,246 180,314 60,569 1,071,936 332,254 18,865 1,547 129,063 7,295,981 63,951 12,338,273 ( USD 432,391 thousand ) 17,431,842 ( USD 610,893 thousand )	$ 23,250 194 ( 656 ) 555,877 ( 1,781 ) 5,157 67,295 7,976 ( 572 ) 8 - ( 2,482 ) ( 10,915 ) ( 3,683 ) ( USD -130 thousand ) ( 4,882 ) ( USD -172 thousand )	$ 23,250 194 ( 656 ) 555,877 ( 1,246 ) 5,405 27,307 2,147 ( 540 ) 8 - ( 1,468 ) ( 5,550 )	Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Sub-subsidiar y

(Continued)

124 -

(Continued)

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount(Note 2)	Original Investment Amount(Note 2)	As of March 31,2021	As of March 31,2021	As of March 31,2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				March 31, 2021	December 31, 2020	Number of Shares	Percentage (`％`)	Carrying Amount
Union Polymer Int'l Investment Corp. USIFE Investment Co., Ltd Swanlake Traders Ltd.	Taita Chemical Company, Ltd. Asia Polymer Corporation China General Plastics Corporation Acme Electronics Corp. Swanson Technologies Corporation Taiwan United Venture Management Corp. ACME Electronics (Cayman) Corp.	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) 8F., No. 39, 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) Ugland House P.O. Box 309 George Town, Grand Cayman, Cayman Islands	Production and marketing of polystyrene, acrylonitrile, butadiene, ABS resin, SAN resin, glasswool 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 Production and marketing of manganese-zinc soft ferrite powder Production, marketing and development of EVA packaging film and other value added plastic products Business management consulting Business investment	$ 1,749,212 1,965,437 1,320,045 155,632 30,000 8,000 162,919 ( USD 5,709 thousand )	$ 1,749,212 1,965,437 1,320,045 155,632 30,000 8,000 100,944 ( USD 3,538 thousand )	126,239,833 188,297,389 133,914,219 16,424,242 3,000,000 800,000 8,318,356	36.67 32.35 24.20 8.98 15.00 100.00 16.65	$ 2,741,488 4,722,737 2,686,271 125,914 ( 16,672 ) 15,668 196,925 ( USD 6,901 thousand )	$ 488,665 555,116 826,724 33,393 ( 3,382 ) 15,668 854 ( USD 30 thousand )		Sub-subsidiar y Sub-subsidiar y Sub-subsidiar y Subsidiary Sub-subsidiar y Sub-subsidiar y Sub-subsidiar y

Note 1: Information on investments in mainland China is provided in Table 8.

Note 2: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

125 -

USI CORPORATION AND SUBSIDIARIES

(Acme Electronics Corporation)

INFORMATION ON INVESTEES

JANUARY 1 TO MARCH 31, 2021

TABLE 7-1

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

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount (Note 2)	Original Investment Amount (Note 2)		As of March 31, 2021	As of March 31, 2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				March 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.	Investment Investment Production and marketing of sapphire monocrystals Investment Production and marketing of soft ferrite core	$ 605,182 ( USD18,336 thousand) 669,072 ( USD20,800 thousand) 646,200 339,310 ( USD 11,891 thousand ) 249,518 ( MYR 37,964 thousand )	$ 605,182 ( USD18,336 thousand) 669,072 ( USD20,800 thousand) 646,200 339,310 ( USD 11,891 thousand ) 249,518 ( MYR 37,964 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	$ 605,706 905,738 42,758 613,953 ( USD21,516 thousand) 603,690 ( MYR91,851 thousand )	$ 854 ( USD 30 thousand ) 14,356 ( 10,915 ) 10,633 (MYR 1,593 thousand ) 10,773 ( MYR1,614 thousand )	$ 1,422 ( USD 50 thousand ) 14,356 ( 3,711 ) 10,633 (MYR 1,593 thousand ) 10,773 ( MYR1,614 thousand )	Note 1 Note 1 Note 1 Note 1

Note 1: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

Note 2: The amount is calculated according to the original investment cost.

Note 3: Information on investments in mainland China is provided in Table 8-1.

126 -

USI CORPORATION AND SUBSIDIARIES (Swanson Plastics Corporation) INFORMATION ON INVESTEES JANUARY 1 TO MARCH 31, 2021

TABLE 7-2

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

Investor	Investee	Location	Main Businesses and Products	Original Investment Amount (Note 2)	Original Investment Amount (Note 2)		As of March 31, 2021	As of March 31, 2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				March 31, 2021	December 31, 2020	Number of Shares	Percentage (`％`)	Carrying Amount
Swanson Plastics Corporation Swanson Plastics (Singapore) Private Limited Swanson International Ltd.	Swanson Plastics (Singapore) Private Limited 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 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 Import, export and agency services Investment Investment Planting agriculture, sales, research and development of agricultural products and production, sales and development of EVA packaging film and other high value-added plastic products Production and marketing of plastic products Production and marketing of plastic products Production and marketing of plastic products Production and marketing of plastic products Investment	$ 808,506 1,297 454,134 - 140,000 7,979 188,143 ( USD6,593 thousand) 471,137 ( USD16,511 thousand ) 737,345 ( USD25,840 thousand ) 202,430 ( USD7,094 thousand)	$ 808,506 1,297 454,134 4,850 140,000 7,979 188,143 ( USD6,593 thousand) 471,137 ( USD16,511 thousand ) 737,345 ( USD25,840 thousand ) 202,430 ( USD7,094 thousand)	36,863 50 14,541 - 14,000 261 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	$ 1,895,524 77,133 1,632,260 - ( 77,804 ) 7,237 668,204 ( USD23,417 thousand ) 298,075 ( USD10,446 thousand ) 716,423 ( USD25,107 thousand ) 560,519 ( USD19,643 thousand )	$ 51,103 1,536 24,613 - ( 3,382 ) 16,335 37,253 ( USD1,313 thousand) 1,753 ( INR4,505 thousand ) 16,335 ( IDR 8,167,601 thousand ) 7,791 ( USD 275 thousand )	$ 51,103 1,536 24,613 - ( 2,368 ) 163	Note 2 Note 2 Note 3 Note 2

Note 1: The original investment amount and carrying amount were calculated using the spot exchange rate as of March 31, 2021.

Note 2: Information on investments in mainland China is provided in Table 8-2.

Note 3: Curtana Company Ltd. completed its liquidation and dissolution in the first quarter of 2021.

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

127 -

USI CORPORATION AND SUBSIDIARIES

(China General Plastics Corporation)

INFORMATION ON INVESTEES

JANUARY 1 TO MARCH 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 March 31,	As of March 31,	2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				March 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 Corporation CGPC America Corporation Acme Electronics Corporation	No. 1, Gongye 1st Rd., Linyuan Dist., Kaohsiung City 832, Taiwan (ROC) 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 (ROC) 1181 California Ave., Suite 235 Corona, CA 92881 8F., No. 39, Jihu Rd., Neihu Dist., Taipei City 114, Taiwan (ROC)	Manufacture and marketing of vinyl chloride monomer Manufacture and marketing of PVC resin Reinvestment Warehouse of petrochemical raw materials Marketing of PVC second – and third-time processed products Manufacture and marketing of manganese-zinc soft ferrite powder	$ 2,931,443 800,000 1,073,906 41,106 648,931 33,995	$ 2,930,995 800,000 1,073,906 41,106 648,931 33,995	240,232,644 80,000,000 16,308,258 19,918,185 100 3,176,019	87.23 100.00 100.00 33.33 100.00 1.74	$ 4,421,894 1,418,810 351,807 336,442 221,356 22,415	$ 469,918 240,975 1,181 4,639 13,758 7,976	$ 400,682 240,975 1,181 1,547 13,758 138	Subsidiary Subsidiary Subsidiary Associate accounted for using the equity method Subsidiary Associate accounted for using the equity method

Note 1: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

Note 2: Information on investments in mainland China is provided in Table 8-3.

128 -

USI CORPORATION AND SUBSIDIARIES

(Taita Chemical Company, Ltd.) INFORMATION ON INVESTEES

JANUARY 1 TO MARCH 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 March 31,2021	As of March 31,2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				M a r c h 3 1 , 2 0 2 1	December 31, 2020	Number of Shares	Percentage (`％`)	Carrying Amount
Taita Chemical Company, Ltd. TTC (BVI) Holding Co., Ltd.	TTC (BVI) Holding Co., Ltd. China General Plastics Corporation China General Terminal & Distribution Corporation Acme Electronics Corporation ACME Electronics (Cayman) Corp.	British Virgin Islands Taipei Taipei Taipei British Cayman Islands	Reinvestment Manufacturing and marketing of PVC plastic cloth and three-time processed products Warehousing of petro chemical raw materials Production and marketing of manganese zinc soft iron oxide magnetic powder Reinvestment	$ 2,560,674 ( USD 89,738 thousand ) 65,365 41,082 44,771 48,511 ( USD 1,700 thousand )	$ 2,560,674 ( USD 89,738 thousand ) 65,365 41,082 44,771 48,511 ( USD 1,700 thousand )	89,738,000 10,967,785 19,918,183 4,445,019 2,695,519	100.00 1.98 33.33 2.43 5.39	$ 3,005,603 ( USD105,330 thousand ) 209,389 336,442 31,371 63,815 ( USD 2,236 thousand )	$ 70,984 ( USD 2,502 thousand ) 826,724 4,639 7,976 854 ( USD 30 thousand )	$ 70,984 ( USD 2,502 thousand ) 16,385 1,547 194	Subsidiary (Notes 1 and 3) Investments accounted for using the equity method (Note 1) Investments accounted for using the equity method (Note 2) Investments accounted for using the equity method (Note 1) Investments accounted for using the equity method (Note 1)

Note 1: The amount was based on audited financial statements of the investee.

Note 2: The amount was based on non-audited financial statements of the investee.

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

Note 4: Investments in mainland China are included in Table 8-4.

129 -

USI CORPORATION AND SUBSIDIARIES

(Asia Polymer Corporation)

INFORMATION ON INVESTEES

JANUARY 1 TO MARCH 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 March 31,2021	As of March 31,2021	Net Income (Loss) of the Investee	Share of Profits (Loss)	Note
				March 31, 2021	December 31, 2020	Number of Shares	Percentage (`％`)	Carrying Amount
Asia Polymer Corporation APC (BVI) Holding Co., Ltd.	APC (BVI) Holding Co., Ltd. APC Investment Corporation USI International Corp. China General Plastics Corporation China General Terminal & Distribution Corporation Swanson Plastics Corp. Acme Electronics Corporation Taiwan United Venture Capital Corp. USI Optronics Corporation Ever Conquest Global Ltd. ACME Electronics (Cayman) Corp. USI International Corp.	British Virgin Islands Taipei British Virgin Islands Taipei Taipei Taipei Taipei Taipei Taipei British Virgin Islands British Cayman Islands British Virgin Islands	Reinvestment Investment Reinvestment Production and sales of plastic sheets, plastic leather, plastic tubes, plastic granules, plastic powder, profile extrusion materials, chlor-akali products and other related products Warehousing and transportation of petro chemical raw materials Manufacture and marketing of stretch film and industrial multi-layer packaging film Manufacture and marketing of manganese zinc, manganese-zinc ferrite, magnetic powder and ferrite core Investment in high technology businesses Manufacture and marketing of sapphire products Reinvestment Reinvestment Reinvestment	$ 393,064 ( USD 13,775 thousand ) 200,000 59,924 ( USD 2,100 thousand ) 247,412 41,082 75,242 61,348 52,791 59,725 4,864,504 ( USD170,475 thousand ) 149,663 ( USD 5,245 thousand ) 25,682 ( USD 900 thousand )	$ 393,064 ( USD 13,775 thousand ) 200,000 59,924 ( USD 2,100 thousand ) 247,412 41,082 75,242 61,348 52,791 59,725 4,864,504 ( USD170,475 thousand) 149,663 ( USD 5,245 thousand ) 25,682 ( USD 900 thousand )	11,342,594 20,000,000 2,100,000 44,653,510 19,918,184 12,266,779 6,056,623 3,913,533 5,972,464 170,475,000 8,316,450 900,000	100.00 100.00 70.00 8.07 33.33 7.95 3.31 8.33 9.20 40.87 16.64 30.00	$ 524,268 140,658 62,506 852,493 336,442 210,971 42,745 21,449 11,574 5,042,293 196,880 26,788	$ 4,927 8,310 ( 1,464 ) 826,724 4,639 67,295 7,976 ( 1,781 ) ( 10,915 ) ( 2,482 ) 854 ( 1,464 )	$ 4,927 8,310 ( 1,025 ) 66,710 1,546 5,349 264 ( 148 ) ( 1,004 ) ( 1,014 )	Subsidiary (Note 1) Subsidiary (Note 1) Subsidiary (Note 1) 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 (Note 1)

130 -

APC Investment Corporation Ever Conquest Global Ltd. Ever Victory Global Ltd.	Acme Electronics Corporation Swanson Technologies Corporation Ever Victory Global Ltd. Dynamic Ever Investments Limited	Taipei Taipei British Virgin Islands Hong Kong	Manufacture and marketing of manganese zinc, manganese-zinc ferrite, magnetic powder and ferrite core Manufacture and marketing of EVA film Reinvestment Reinvestment	14,889 30,000 11,903,233 (USD417,145 thousand ) 16,802,835 ( USD588,850 thousand )	14,889 30,000 11,903,233 (USD417,145 thousand ) 16,802,835 ( USD588,850 thousand)	1,884,548 3,000,000 417,145,000 588,850,000	1.03 15.00 67.40 85.00	13,300 ( 16,672 ) 12,422,541 ( USD435,344 thousand) 17,557,329 ( USD615,291 thousand)	7,976 ( 3,382 ) ( 3,683 ) ( USD -130 thousand ) ( 4,882 ) ( USD -172 thousand )		APC Investment Corporation Investments accounted for using the equity method 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 equitymethod

Note 1: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

Note 2: Investments in mainland China are included in Table 8-5.

131 -

USI CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

JANUARY 1 TO MARCH 31, 2021

TABLE 8

(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 Investmen t	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021 (Note 7)	Investment Flows(Note 7)	Investment Flows(Note 7)	Accumulated Outward Remittance for Investment from Taiwan as of March 31, 2021 (Note 7)	Net Income (Loss) of the Investee	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) (Notes 6 and 8)	Carrying Amount as of December 31, 2020 (Notes 6 and 8)	Accumulated Repatriation of Investment Income as of March 31, 2021
						Outflow	Inflow
Acme Electronics (Kunshan) Co., Ltd. Usig (Shanghai) Co., Ltd. Fujian Gulei Petrochemical Co., Ltd. (“Gulei”)	Manufacture and marketing of manganese-zinc soft ferrite core Importing and distributing various chemical raw materials and products Crude oil processing and petroleum products manufacturing	$ 876,738 ( USD 30,725 thousand ) 142,675 ( USD 5,000 thousand ) 40,446,851 ( RMB 9,314,400 thousand )		Note 1 Note 2 Note 3	$ 80,398 ( USD 2,818 thousand ) 142,675 ( USD 5,000 thousand ) 6,518,813 ( USD228,450 thousand )	$ - - -	$ - - -	$ 80,398 ( USD 2,818 thousand ) 142,675 ( USD 5,000 thousand ) 6,518,813 ( USD228,450 thousand )	( $ 1,594 ) ( USD -56 thousand ) 546 ( USD 19 thousand ) 3,975 ( USD 140 thousand )	16.65 100.00 16.94	( $ 265 ) ( USD -9 thousand ) 546 ( USD 19 thousand ) 673 ( USD 23 thousand )	$ 129,736 ( USD 4,547 thousand ) 128,694 ( USD 4,510 thousand ) 6,798,840 ( USD238,265 thousand )	$ - - -

Accumulated Outward Remittance for Investment in Mainland China as of March 31,2021(Note 7)			Investment Amounts Authorized by Investment Commission, MOEA (Notes 5 and 7)			Upper Limit on the Amount of Investment Stipulated by Investment Commission, MOEA
$7,007,355 (USD245,571thousand)			$8,760,407 (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: it is a mainland company with 100% direct investment.

Note 3: The Company reinvested in 50% of the outstanding shares of Gulei via Ever Conquest Global Limited (59.13%), then via Ever Victory Global Limited (67.40%), and finally via Dynamic Ever Investments Limited (85.00%).

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: As included in the certificate of being qualified for operating headquarters issued by the Industrial Development Bureau, MOEA No. 10500116380 on September 1, 2016, No. 10500234240 on December 29, 2016, and No. 10500234240 on February 26, 2020, the Company was able to wire transfer

US$257,939 thousand to Gulei, and was also approved to invest and establish dealing entity in third areas with US$32,200 thousand in accordance with certificate No. 10900243220 issued by the Industrial Development Bureau, MOEA on October 5, 2020. and was also approved to invest and establish dealing entity in third areas with US$32,200 thousand in accordance with certificate No. 10900243220 issued by the Industrial Development Bureau, MOEA on October 5, 2020 and was also approved to invest and establish dealing entity in third areas with US$1,422 thousand in Acme Electronics (Kunshan) Co., Ltd. in accordance with certificate No.11000010830 issued by the Industrial Development Bureau, MOEA on January 21, 2021.

Note 7: The amount was calculated using the spot exchange rate as of March 31, 2021.

Note 8: Except for ACME Electronics (Kunshan) Co., Ltd., whose numbers were based on its financial statements reviewed by the Certified Public Accountants of its ROC parent company, all the other companies’ were based on non-reviewed financial statements.

132 -

USI CORPORATION AND SUBSIDIARIES

(Acme Electronics Corporation (ACME))

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

JANUARY 1 TO MARCH 31, 2021

TABLE 8-1

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

Investee Company	Main Businesses and Products	Paid-in Capital	Paid-in Capital	Method of Investment (Note 1)	Accumulated Outward Remittance for Investment from Taiwan as of January 1, 2021 (Note 5)	Investment Flows	Investment Flows	Accumulated Outward Remittance for Investment from Taiwan as of March31, 2021 (Note 5)	Net Income (Loss) of the Investee (Note 6)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) (Notes 4, 6 and 8)	Carrying Amount as of March 31, 2021 (Notes 7 and 8)	Accumulated Repatriation of Investment Income as of March 31, 2021
						Outflow	Inflow
Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Guang-Zhou) Co., Ltd.	Manufacture and marketing of manganese-zinc soft ferrite core Manufacture and marketing of manganese-zinc soft ferrite core	$ 876,738 ( USD30,725 thousand ) 547,872 ( USD19,200 thousand )		II II	$ 374,188 ( USD11,144 thousand ) 619,676 ( USD19,200 thousand )	$ - -	$ - -	$ 374,188 ( USD11,144 thousand ) 619,676 ( USD19,200 thousand )	( $ 1,594 ) ( RMB -364 thousand ) 15,208 ( RMB3,475 thousand )	51.27 100.00	( $ 817 ) ( RMB -187 thousand ) 15,208 ( RMB3,475 thousand )	$ 399,609 ( RMB 92,025 thousand ) 903,563 ( RMB 208,079 thousand )	$ - -

Accumulated Outward Remittance for Investment in Mainland China as of March 31,2021			Investment Amounts Authorized by Investment Commission, MOEA			Upper Limit on the Amount of Investment Stipulated by Investment Commission, MOEA
$865,866（USD30,344 thousand） `（`Notes 3 and 7`）`			$1,045,323（USD36,633 thousand） `（`Notes 3 and 7`）`			$ -`（`Note 2`）`

Note 1: Investment method II indicates that ACME reinvested in the China area via another investment area.

Note 2: As the Company has obtained the certificate of being qualified for operating headquarters issued by the Industrial Development Bureau, MOEA No. 09704604680 on August 29, 2008, the upper limit on investment in mainland China is not applicable. Note 3: ACME Electronics (Kunshan) transferred earnings to ordinary shares, and ACME increased the amount of US$6,289 thousand at its ownership percentage.

Note 4: ACME recognized the investment gain (loss), according to Certified Public Accountants and auditing financial report accepted in the ROC.

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

Note 6: The calculation was based on the average exchange rate from January 1, 2021 to March 31, 2021.

Note 7: The conversion is based on the exchange rate at the end of March 2021.

Note 8: All the carrying amount and investment gains (losses) were fully eliminated upon preparation of the consolidated financial statements.

133 -

USI CORPORATION AND SUBSIDIARIES

(Swanson Plastics Corporation)

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

JANUARY 1 TO MARCH 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)	Paid-in Capital (Note 1)	Method of Investment	Method of Investment	Accumulated Outward Remittance for Investment from Taiwan as of January1,2021	Investment Flows	Investment Flows	Accumulated Outward Remittance for Investment from Taiwan as of March 31,2021	Net Income (Loss) of the Investee	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) (Note 3)	Carrying Amount as of March 31, 2021 (Note 3)	Accumulated Repatriation of Investment Income as of March 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. Management of PE release film and other release products Production, sales and development of multi-functional film, optical film, etc.	$ 379,230 ( USD 13,290 thousand ) 259,669 ( USD 9,100 thousand ) 305,325 ( USD 10,700 thousand )		Production, sales and development of multi-functional film, optical film, etc. Indirect investment in A.S. Holdings (UK) Limited via Swanson International Ltd. Indirect investment via Swanson (Singapore) Private Ltd.		$ 223,930 193,447 170,754	$ - - -	$ - - -	$ 223,930 193,447 170,754	$ 16,822 ( USD593 thousand ) 7,791 ( USD275 thousand ) ( 5,731 ) ( USD-202 thousand )	100.00 100.00 100.00	$ 16,822 ( USD593 thousand ) 7,791 ( USD275 thousand ) ( 5,731 ) ( USD-202 thousand )	$ 1,160,314 ( USD 40,633 thousand ) 560,519 ( USD 19,643 thousand ) 91,879 ( USD 3,220 thousand )	$ - - -

Accumulated Outward Remittance for Investment in Mainland China as of M a r c h 3 1 , 2 0 2 1			In vestment Amounts Authorized by I n v e s t m e n t C o m m i s s i o n , M O E A		Upper Limit Stipulated M	on the Amount of Investment by Investment Commission, O E A
$ 588,131			$ 935,541 (USD32,786 thousand)			$ - (Note 2)

Note 1: Paid in capital and upper limit on the investment amount stipulated by Industrial Development Bureau, MOEA were calculated using the spot exchange rate on March 31, 2021.

Note 2: According to the certificate of being qualified for operating headquarters issued by the Industrial Development Bureau, MOEA No. 10920418410,on June 18, 2020, the upper limit on investment in mainland China pursuant to the “Principle of Investment or Technical Cooperation in Mainland China” is not applicable.

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

134 -

USI CORPORATION AND SUBSIDIARIES

(China General Plastics Corporation (CGPC))

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

JANUARY 1 TO MARCH 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	Investment Flows	Accumulated Outward Remittance for Investment from Taiwan as of March 31, 2021 (Note 1)	Net Income (Loss) of the Investee	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) (Note 5)	Carrying Amount as of March 31, 2021 (Note 1)	Accumulated Repatriation of Investment Income as of March 31, 2021
							Outflow	Inflow
Continental General Plastics (ZhongShan) Co., Ltd. (“CGPC (ZS)”) (Note 4) CGPC Consumer Products Corporation (“CGPC (CP)”) (Note 4)	Manufacture and marketing of PVC leather and third-time processed products Manufacture and marketing of PVC third-time processed products	$ 570,700 ( USD 20,000 thousand ) 42,803 ( USD 1,500 thousand )		Indirect investment via CGPC (BVI) Holding Co., Ltd. Indirect investment via CGPC (BVI) Holding Co., Ltd.	$ 570,700 ( USD 20,000 thousand ) 42,803 ( USD 1,500 thousand )		$ - -	$ - -	$ 570,700 ( USD 20,000 thousand ) 42,803 ( USD 1,500 thousand )	$ 1,136 ( USD 40 thousand ) 8 ( USD - thousand )	100.00 100.00	$ 1,136 ( USD 40 thousand ) 8 ( USD - thousand )	$ 266,116 ( USD 9,326 thousand ) 13,456 ( USD472 thousand )	$ - -

Ac c u mu l a t e d Ou t Investment in Mainland ( N o t e s	wa r d Re mi t t a n ce f or China as of March 31, 2021 1 a n d 3 )		I n v e s t m e n t A m o u n t s A u t h o r i z e d b y Investment Commission, MOEA (Note 1)			Upper Limit on the Amount of Investment St ip ula te d b y In ve s t me nt Commi ss i on, M O E A ( N o t e 2 )
$772,785（USD27,082 thousand）			$895,999（USD31,400 thousand）			$ -

Note 1: The conversion is based on the spot exchange rate of March 31, 2021.

Note 2: As the CGPC obtained the certificate of qualification of operating headquarters issued by the Industrial Development Bureau No. 10920426850 on September 8, 2020, the upper limit on investment in mainland China pursuant to the “Principle of Investment or Technical Cooperation in Mainland China” 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) Holding Co., Ltd. (“CGPC (BVI)”) retrieved the residual assets. The shares of Continental General Plastics (SanHe)

Co., Ltd. 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 $9,518 thousand (US$684 thousand), the investment amount of Union (ZS) of $25,624 thousand (US$898 thousand) and the investment amount of Continental General Plastics (SanHe) Co., Ltd. of $114,140 thousand (US$4,000 thousand).

Note 4: The board of directors of CGPC passed a resolution to dissolve CGPC (ZS) and CGPC (CP) on October 24, 2011. However, CGPC has leased the idle plant of the discontinued unit since 2021. Considering that the operation is not discontinued in essence, it has decided to transfer the discontinued unit back to the continuing business unit. Please refer to Note 12.

Note 5: All the transactions were fully eliminated upon preparation of the consolidated financial statements; Investment gains (losses) are recognized in financial statements that have not been reviewed by CPA.

135 -

USI CORPORATION AND SUBSIDIARIES

(Taita Chemical Company, Ltd. (TTC))

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

JANUARY 1 TO MARCH 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 January1, 2021	Accumulated Outward Remittance for Investment from Taiwan as of January1, 2021	Investment Flows	Investment Flows	Accumulated Outward Remittance for Investment from Taiwan as of March 31, 2021	Net Income (Loss) of the Investee (Note 5)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) (Note 5)	Carrying Amount as of March 31, 2021 (Note 5)	Accumulated Repatriation of Investment Income as of March 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	$ 1,319,744 ( USD 46,250 thousand ) `（`Note 1`）` 780,432 ( USD 27,350 thousand ) `（`Note 2`）` 876,738 ( USD 30,725 thousand )		Investment through a holding company registered in a third region Investment through a holding company registered in a third region Investment through a holding company registered in a third region ACME Electronics (Cayman) Corp	$ 1,227,005 ( USD 43,000 thousand ) 741,910 ( USD 26,000 thousand ) 38,637 ( USD 1,354 thousand )		$ - - -	$ - - -	$ 1,227,005 ( USD 43,000 thousand ) 741,910 ( USD 26,000 thousand ) 38,637 ( USD 1,354 thousand )	$ 76,960 ( USD 2,713 thousand ) ( 4,683 ) ( USD -165 thousand ) ( 1,594 ) ( USD -56 thousand )	100.00 100.00 5.39	$ 76,960 ( USD 2,713 thousand ) (Note 6) ( 4,683) ( USD -165 thousand ) (Note 6) ( 86 ) ( USD -3 thousand )	$ 3,008,770 ( USD105,441 thousand) (Note 6) ( 108,672 ) ( USD -3,808 thousand ) (Note 6) 42,042 ( USD 1,473 thousand )	$ - - -

Accumulated Outward Remittance for Investment in Mainland China as of March 31,2021			Investment Amounts Authorized by Investment Commission, MOEA			Upper Limit on the Amount of Investment Stipulated by Investment Commission, MOEA
$2,007,552 (USD70,354 thousand)			$ 2,163,447 (USD 75,817 thousand)（Note）			$ -`（`Note 4`）`

Note 1: TAITA (ZS) resolved to issue share dividends of US$3,250 thousand in 2007.

Note 2: TAITA (TJ) resolved to issue share dividends of US$1,350 thousand in 2012.

Note 3: The amount distributed from share dividends included US$3,250 thousand from TAITA (ZS), US$1,350 thousand from TAITA (TJ) and US$802 thousand from ACME (KS).

Note 4: As the TTC obtained the certificate of qualification of operating headquarters issued by the Industrial Development Bureau No. 10820415160 on June 6, 2019, the upper limit on investment in Mainland China pursuant to the “Principle of Investment or Technical Cooperation in Mainland China” is not applicable. Note 5: The recognition of investment income (loss) was based on financial statements audited by CPA of the parent company of TTC in Taiwan.

Note 6: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

136 -

USI CORPORATION AND REINVESTMENT COMPANIES

(Asia Polymer Corporation (APC))

INFORMATION ON INVESTMENTS IN MAINLAND CHINA

JANUARY 1 TO MARCH 31, 2021

TABLE 8-5

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

Investee Company	Main Businesses and Products	Paid-in Capital (Note 3)	Paid-in Capital (Note 3)	Method of Investment (Note 1)	Accumulated Outward Remittance for Investment from Taiwan as of January1, 2021	Investment Flows	Investment Flows	Accumulated Outward Remittance for Investment from Taiwan as of M a r c h 3 1 , 2 0 2 1	Net Income (Loss) of the Investee (Note 3)	Ownership of Direct or Indirect Investment (%)	Investment Gain (Loss) (Note 3)	Carrying Amount as of March 31, 2021 (Note 4)	Accumulated Repatriation of Investment Income as of March 31, 2021
						Outflow	Inflow
ACME Electronics (Kunshan) Co., Ltd. USI Trading(Shanghai) Co., Ltd. Fujian Gulei Petrochemical Co., Ltd.	Manufacture and marketing of manganese-zinc soft ferrite core Sales of chemical engineering products and equipment Processing of crude oil and manufacturing of petroleum products	$ 876,738 ( USD 30,725 thousand ) 71,338 ( USD 2,500 thousand ) 40,446,851 ( RMB 9,314,400 thousand )		(2) ACME Electronics (Cayman) Corp. (2) APC (BVI) Holding Co., Ltd. (2) Dynamic Ever Investments Ltd., (Note 2)	$ 119,201 ( USD 4,177 thousand ) 86,621 ( USD 3,036 thousand ) 4,505,188 ( USD157,883 thousand)	$ - - -	$ - - -	$ 119,201 ( USD 4,177 thousand ) 86,621 ( USD 3,036 thousand ) 4,505,188 ( USD157,883 thousand)	B ( $ 1,594 ) C 5,166 C 3,975	16.64 100.00 11.71	( $ 265 ) 5,166 466	$ 129,708 124,854 4,700,021	$ - - -

Accumulated Outward Remittance for Investment in Mainland China as of March 31, 2021			Investment Amounts Authorized by Investment Commission, MOEA			Upper Limit on the Amount of Investment Stipulated by Investment Commission, MOEA
$ 4,848,552 (Note 5) （USD 169,916 thousand）			$6,387,149 （USD223,836 thousand）			$ - (Note 6)

Note 1: Investments are divided into three categories as follows:

a. Direct investment.

b. Investments through a holding company registered in a third region (Please specify the investment company in the third region).

c. Others.

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

Note 3: For the column of investment gain (loss):

If there is no investment gain (loss) during the preparation, it should be noted.
If the basis for the recognition of investment gain (loss) is classified into the following three types, it should be noted as follows:
A. Financial statements audited by international accounting firms which have a cooperation relationship with an accounting firm in the Republic of China.
B. Financial statements audited by the parent company’s CPA.
C. Others

Note 4: The amount was calculated using the exchange rate as at March 31, 2021.

Note 5: APC indirectly invested subsidiaries in Mainland China through APC (BVI) Holding Co., Ltd. investing in Silicon Technology Investment (Cayman) Corp. (STIC) and Solargiga Energy Holdings Ltd.

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 investments in mainland China pursuant to the “Principle of Investment or Technical Cooperation in Mainland China” is not applicable.

Note 7: Except for the investment in Fujian Gulei Petrochemical Co., Ltd., all the investment gains (losses) and carrying amount as of March 31, 2021 were fully eliminated upon preparation of the consolidated financial statements.

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USI CORPORATION AND SUBSIDIARIES

INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT TRANSACTIONS

JANUARY 1 TO MARCH 31, 2021

TABLE 9

(In Thousands of New Taiwan Dollars)

No. (Note 1)	Investee Company	Counterparty	Relationship (Note 2)		Transaction Details	Transaction Details	Transaction Details
				Financial Statement Accounts	Amount (Note 3)	Payment Terms	Ratio to Total Sales or Assets (%)(Note 4)
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 2 2 2 2 2 2 2 2 2 3	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 USI Corporation Asia Polymer 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 China General Plastics Corporation China General Plastics Corporation China General Plastics Corporation China General Plastics Corporation Taita Chemical Company,Ltd.	Swanson Plastics Corp. Forever Young Company Limited USI Trading (Shanghai) Co., Ltd. USI (Hong Kong) Company Limited Asia Polymer Corporation Swanson Plastics Corp. Asia Polymer Corporation Swanson Plastics Corp. Forever Young Company Limited USI (Hong Kong) Company Limited USI Trading (Shanghai) Co., Ltd. Asia Polymer Corporation Taiwan VCM Corporation Asia Polymer Corporation Dynamic Ever Investments Limited Cypress Epoch Limited Asia Polymer Corporation Taiwan VCM Corporation USI Trading (Shanghai) Co., Ltd. China General Terminal & Distribution Corporation Swanson Plastics Corp. Swanson Plastics Corp. USI Management Consulting Corporation Taiwan VCM Corporation Taiwan VCM Corporation CGPC America Corporation CGPC America Corporation CGPC Polymer Corporation CGPC Polymer Corporation USI Management ConsultingCorporation	1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 3 3 3 3 3 3 3 3 3 3 3	Sales revenue Sales revenue Sales revenue Sales revenue Purchase Purchase Revenue from sale of raw materials Accounts receivable Accounts receivable Accounts receivable Accounts receivable Other receivables Other receivables Other payables Management services revenue Other payables Other payables Other payables Sales of goods Storage tank operating expense Purchase cost Accounts payable Management services expense Purchase Accounts payable Accounts receivable Sales revenue Accounts payable Purchase Management services expense	$ 19,990 40,161 56,691 37,596 354,847 16,446 25,613 16,083 36,618 14,886 46,775 62,075 116,978 35,900 31,896 128,814 253,309 118,739 17,419 21,743 14,780 11,399 20,430 1,625,611 1,124,836 144,804 143,042 18,175 21,580 13,391	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 No significant difference No significant difference No significant difference No significant difference	0.12% 0.25% 0.35% 0.23% 2.19% 0.10% 0.16% 0.10% 0.05% 0.02% 0.06% 0.08% 0.15% 0.04% 0.04% 0.16% 0.32% 0.73% 0.11% 0.03% 0.02% 0.07% 0.13% 10.04% 6.95% 0.89% 0.88% 0.02% 0.03% 0.08%

(Continued)

138 -

(Continued)

No. (Note 1)	Investee Company	Counterparty	Relationship (Note 2)		Transaction Details	Transaction Details
				Financial Statement Accounts	Amount (Note 3)	Payment Terms	Ratio to Total Sales or Assets (%)(Note 4)
3 3 4 4 4 4 4 4 4 4 4 4 5 6 6 6 6 7 7 7 8 8 8 8 9 9 9 9 9 9 9 9 9 10 10	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 Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation Acme Electronics Corporation USI Management Consulting Corporation Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. CGPC Polymer Corporation CGPC Polymer Corporation CGPC Polymer Corporation Swanson Plastics Corp. Swanson Plastics Corp. Swanson Plastics Corp. Swanson Plastics Corp. 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 (Kunshan) Corp. Swanson Plastics(Kunshan)Corp.	Taita Chemical (Zhongshan) Co., Ltd. Taita Chemical (Tianjin) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Guangzhou) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Guangzhou) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Acme Electronics (Guangzhou) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. ACME Electronics (Cayman) Corp. Acme Electronics (Guangzhou) Co., Ltd. Acme Electronics (Kunshan) Co., Ltd. Asia Polymer Corporation Acme Electronics (Guangzhou) Co., Ltd. Acme Electronics (Guangzhou) Co., Ltd. ACME Ferrite Product Sdn. Bhd. ACME Ferrite Product Sdn. Bhd. Taiwan VCM Corporation Taiwan VCM Corporation Taiwan VCM Corporation Forever Young Company Limited Forever Young Company Limited PT. Swanson Plastics Indonesia Swanson Plastics (Kunshan) Corp. Swanson Plastics (India) Private Ltd. Swanson Plastics (Kunshan) Corp. Swanson Plastics (Kunshan) Corp. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. PT. Swanson Plastics Indonesia PT. Swanson Plastics Indonesia SWANSON INTERNATIONAL LTD. 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 3 3 3 3 3 3 3 3 3 3 3 3	Sales revenue Other receivables Sales revenue Sales revenue Cost of goods sold Processing fee (entered as cost of goods sold) Accounts receivable-related parties Accounts receivable-related parties Other receivables-related parties Other receivables-related parties Notes and accounts payable-related parties Notes and accounts payable-related parties Management services revenue Sales revenue Accounts receivable-related parties Sales revenue Accounts receivable-related parties Accounts payable Other payables Purchase Accounts receivable Sales revenue Accounts receivable Accounts receivable Sales revenue Accounts receivable Sales revenue Accounts receivable Cost of goods sold Sales revenue Accounts receivable Sales revenue Other receivables Accounts receivable Sales revenue	$ 237,115 263,921 61,812 31,061 17,080 95,157 58,559 14,965 16,239 210,239 141,623 15,606 11,115 18,910 20,477 29,339 14,523 1,450,944 18,696 1,474,372 11,216 11,133 13,476 33,053 16,730 62,589 73,668 38,464 35,002 97,740 21,611 43,265 88,601 27,221 31,973	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 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	1.46% 1.63% 0.38% 0.19% 0.11% 0.59% 0.07% 0.02% 0.02% 0.26% 0.18% 0.02% 0.01% 0.02% 0.03% 0.04% 0.09% 1.92% 0.02% 3.43% 0.01% 0.07% 0.02% 0.04% 0.10% 0.39% 0.45% 0.24% 0.22% 0.60% 0.03% 0.27% 0.55% 0.03% 0.20%

(Continued)

139 -

(Continued)

No. (Note 1)	Investee Company	Counterparty	Relationship (Note 2)		Transaction Details	Transaction Details
				Financial Statement Accounts	Amount (Note 3)	Payment Terms	Ratio to Total Sales or Assets (%)(Note 4)
11 11 11 11 12	SWANSON PLASTICS (SINGAPORE) PTE LTD. SWANSON PLASTICS (SINGAPORE) PTE LTD. SWANSON PLASTICS (SINGAPORE) PTE LTD. SWANSON PLASTICS (SINGAPORE) PTE LTD. ASK-Swanson(Kunshan)Co.,Ltd.	Swanson Plastics (Malaysia) Sdn. Bhd. Swanson Plastics (Malaysia) Sdn. Bhd. PT Swanson Plastics Indonesia PT Swanson Plastics Indonesia Swanson Plastics(Tainjin)Co.,Ltd.	3 3 3 3 3	Accounts payable Cost of goods sold Other receivables Cost of goods sold Other receivables	$ 30,313 51,674 14,268 19,701 184,806	No significant difference No significant difference No significant difference No significant difference No significant difference	0.19% 0.32% 0.02% 0.02% 0.23%

Note 1: The information about the transactions between the Company and the subsidiaries should be marked in the note column as follows:

a. The Company: 0.
b. The subsidiaries were marked from 1 in order of numeric characters by the companies.

Note 2: Investment types are as follows:

  - a. The Company to the subsidiaries.

  - b. The subsidiaries to the Company.

  - c. Between subsidiaries.

Note 3: All the transactions were fully eliminated upon preparation of the consolidated financial statements.
Note 4: The ratio of transaction amounts accounted for total sales revenue or assets is calculated as follows: (1) asset or liability: The ratio was calculated based on the ending balance accounted for total consolidated assets; (2) income or loss: The ratio was
calculated based on the midterm accumulated amounts accounted for total consolidated sales revenue.
140 -

USI CORPORATION AND SUBSIDIARIES

INFORMATION ON INVESTMENTS IN MAINLAND CHINA, EITHER DIRECTLY OR INDIRECTLY THROUGH A THIRD PARTY, AND THEIR PRICES, PAYMENT TERMS, AND UNREALIZED GAINS OR LOSSES

JANUARY 1 TO MARCH 31, 2021

TABLE 10

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

Investee Company	Financial Statement Account	Amount	Percentage (`％`)	Price	Transaction Details	Transaction Details	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Unrealized Gains or Losses	Note
					Payment Terms	Compared to General Transactions	Amount	Percentage (`％`)
USI (Hong Kong) Company Limited USI Trading (Shanghai) Co., Ltd. Dynamic Ever Investments Limited	Sales revenue Sales revenue Commission expense Management services revenue Other income Other receivables-relat ed parties	$ 37,596 56,691 133 4,849 64 5,123	1.05 1.58 - - - -	No significant difference No significant difference - - - -	Within 60 days after selling on credit Within 60 days after selling on credit - - - -	No significant difference No significant difference - - - -	$ 14,886 46,775 - - - -	1.88 4.60 - - - -	$ - - - - - -	- - - - - -

Note: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

141 -

USI CORPORATION AND SUBSIDIARIES

(Asia Polymer Corporation (APC))

INFORMATION ON INVESTMENTS IN MAINLAND CHINA, EITHER DIRECTLY OR INDIRECTLY THROUGH A THIRD PARTY, AND THEIR PRICES, PAYMENT TERMS, AND UNREALIZED GAINS OR LOSSES

JANUARY 1 TO MARCH 31, 2021

TABLE 10-1

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

Investee Company	Financial Statement Account	Amount	Percentage (`％`)	Price	Transaction Details	Transaction Details	Notes/Accounts Receivable (Payable)	Notes/Accounts Receivable (Payable)	Unrealized Gains or Losses	Note
					Payment Terms	Compared to General Transactions	Amount	Percentage (`％`)
USI Trading (Shanghai) Co., Ltd.	Sales revenue Commission expense Non-operating income and expense - rental income Management services expense Other receivables-related parties Other payables-related parties	$ 17,419 143 313 29 1,613 7,128	0.94 - - - - -	No significant difference - - - - -	Within 90 days after selling on credit - - - - -	No significant difference - - - - -	$ 7,523 - - - - -	0.94 - - - - -	$ - - - - - -	- - - - - -

Note: All the transactions were fully eliminated upon preparation of the consolidated financial statements.

142 -

USI CORPORATION

INFORMATION ON MAJOR SHAREHOLDERS

March 31, 2021

TABLE 11

Name of major shareholder	Shares	Shares
	Number of Shares	Percentage of Ownership (%)
Shing Lee Enterprise (Hong Kong) Limited Wholegainer Company Limited’s trust account under custody of Fubon Securities Co., Ltd. Asia Polymer Corporation	173,776,546 110,000,000 101,355,673	14.61 9.25 8.53

Note 1: The table discloses shareholding information of shareholders whose shareholding percentage is more than 5%. The Taiwan Depository & Clearing Corporation (TDCC) calculates the total number of ordinary shares and special 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 of shares that have completed the dematerialized registration and delivery may be different due to difference in the basis of calculation.
Note 2: In the event where the shareholder delivers its equity to trust, the information is disclosed in the form of individual trust accounts opened by the trustee. As for 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 Observation Post System.
143 -

AI assistant

USI — Interim / Quarterly Report 2021

51764_rns_2021-12-30_e74a1c61-45f4-4b08-aa72-79fb69c491ef.pdf

USI CORPORATION AND SUBSIDIARIES

§Table of Content§

Independent Auditors’ Review Report

TO USI Corporation

Opinion

Scope

Basis of Qualified Conclusions

Qualified Conclusions

Key Audit Matters

Notice to Readers

USI CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

USI CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Continued)

(Continued)

USI CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY For the Years from January 1 to March 31, 2021 and 2020 (Reviewed only, not audited)

USI CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Continued)

USI CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. GENERAL INFORMATION

2. APPROVAL OF FINANCIAL STATEMENTS

3. APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND

INTERPRETATIONS

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

5. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

6. CASH AND CASH EQUIVALENTS

7. FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS -

CURRENT

9. FINANCIAL ASSETS MEASURED AT AMORTIZED COST

10. NOTES RECEIVABLE, ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES

March 31, 2021

Based on the number of overdue days

Based on credit quality

December 31, 2020

Based on the number of overdue days

Based on credit quality

March 31, 2020

Based on the number of overdue days

Based on credit quality

b. Other receivables

11. INVENTORIES

12. DISCONTINUED OPERATIONS

13. SUBSIDIARIES

(Continued)

(Continued)

ACME and ACME’s subsidiaries

14. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

15. PROPERTY, PLANT AND EQUIPMENT

16. LEASE ARRANGEMENTS

a. Right-of-use assets

c. Material lease-in activities and terms

17. INVESTMENT PROPERTIES

18. GOODWILL AND OTHER INTANGIBLE ASSETS

a. Goodwill

19. BORROWINGS

b. Short-term bills payable

20. BONDS PAYABLE

21. NOTES AND ACCOUNTS PAYABLE

22. OTHER PAYABLES

23. PROVISIONS

24. RETIREMENT BENEFIT PLANS

25. GOVERNMENT GRANTS

26. EQUITY

b. Capital surplus

c.

2). Unrealized gain (loss) on financial assets at FVTOCI

27. REVENUE

Contract balances

28. NET PROFIT FROM CONTINUING OPERATIONS

a. Interest income

b. Other income

c. Other gains and losses

Information about capitalized interest is as follows:

e. Depreciation and amortization

29. INCOME TAX RELATING TO CONTINUING OPERATIONS

USI Interim / Quarterly Report 2021