Stock Code: 4306

炎洲集團 YC GROUP

YEM CHIO CO., LTD.

2026 Annual Shareholders’ Meeting

Meeting Agenda

Date: Tuesday, June 23, 2026

Place: No.397, Xingshan Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.)
(B1 of Headquarters, YC Group)

MEETING PROCEDURES... - 1 -
MEETING AGENDA... - 2 -
REPORT ITEMS... - 3 -
MATTERS FOR RATIFICATION... - 5 -
MATTERS FOR DISCUSSION... - 6 -
MATTERS FOR ELECTION... - 6 -
EXTEMPORE MOTIONS... - 7 -
ADJOURNMENT... - 7 -
APPENDIX... - 8 -
BUSINESS REPORT... - 8 -
AUDIT AND RISK COMMITTEE’S REVIEW REPORT... - 10 -
REMUNERATION OF DIRECTORS (INCLUDING INDEPENDENT DIRECTORS)... - 11 -
2025 INDEPENDENT AUDITORS’ REPORT AND FINANCIAL STATEMENTS (PARENT COMPANY ONLY FINANCIAL STATEMENT)... - 12 -
2025 INDEPENDENT AUDITORS’ REPORT AND FINANCIAL STATEMENTS (CONSOLIDATED FINANCIAL STATEMENT)... - 23 -
COMPARISON TABLE FOR AMENDMENTS TO THE “RULES FOR ELECTION OF DIRECTORS”... - 35 -
ARTICLES OF INCORPORATION... - 38 -
RULES AND PROCEDURES OF SHAREHOLDERS’ MEETING... - 45 -
RULES FOR ELECTION OF DIRECTORS... - 48 -
SHAREHOLDINGS OF ALL DIRECTORS... - 51 -

1 -
Meeting Procedures

YEM CHIO CO., LTD
2026 Annual Shareholders’ Meeting
Meeting Procedures

(1) Call Meeting to Order
(2) Chairman’s Address
(3) Report Items
(4) Matters for Ratification
(5) Matters for Discussion
(6) Matters for Election
(7) Extempore Motions
(8) Adjournment

2. Meeting Agenda

Meeting Agenda, 2026 Annual Shareholders' Meeting, YEM CHIO CO., LTD

Date: Tuesday, June 23, 2026

Place: No.397, Xingshan Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.)

(B1 of Headquarters, YC Group)

Method of meeting: Physical meeting

(1) Call Meeting to Order (report on the number of shareholders present)
(2) Chairman's Address
(3) Report Items:

2025 Business Report
2025 Audit and Risk Committee's Audit Report
Report on 2025 remuneration distribution to employees.
Report on 2025 Earnings Distribution and Cash Dividends
Report on the implementation of buyback of treasury stocks
Report on Directors' Remuneration for 2025
Others

(4) Matters for Ratification

Proposal for 2025 Business Report and Financial Statements
Proposal for Distribution of 2025 Earnings
(5) Matters for Discussion

Amendment to the "Rules for Election of Directors"

(6) Matters for Election
By-election of One Independent Director.
(7) Extempore Motions
(8) Adjournment

3. Report Items

Proposal 1: 2025 Business Report

Explanatory Notes: For the 2025 Business Report, please refer to P. 8 of this manual.

Proposal 2: 2025 Audit and Risk Committee’s Review Report

Explanatory Notes: For the 2025 Audit and Risk Committee’s Review Report, please refer to P.10 of this manual.

Proposal 3: Report on 2025 remuneration distribution to employees.

Explanatory Notes: 2025 Employee Profit-sharing Bonus Distribution detailed below:

a. In accordance with Article 18 of the Company’s Articles of Incorporation, “If the Company generates profit in the current period, the distribution shall not be less than 0.5% of the total amount as employee compensation”.

b. The company made a profit of NT$220,601,134 (i.e., pre-tax benefits minus the benefits before distribution of employee remuneration) in 2025, and 0.5% of employee compensation (in cash) is set aside, totaling NT$ 1,103,006. Of the aforementioned appropriated amount, NT$551,503 is allocated as remuneration for grassroots employees, all paid in cash.

Proposal 4: Adoption of the Proposal for Distribution of 2025 Earnings

Explanatory Notes:

a. This case is based on Article 19-2 of the Articles of Incorporation. Surplus earnings to be distributed in cash as dividends and bonuses shall be approved by the Board of Directors through a special resolution and reported at the shareholders’ meeting.

b. NT$473,730,051 will be set aside from earnings for shareholders’ dividends. Each common shareholder will be entitled to receive a cash dividend of NT$0.7 per share (allocated up to NT$1, rounded down to less than NT$1). The total of any fractional amount less than one dollar will be adjusted, where number from the decimal point is from large to small and the account number is adjusted from front to back to meet the total cash dividend allocation.

c. The Chairman shall be authorized by the Board of Directors through a resolution, to determine the record date for distribution and all related matters. If there is a change in the company’s share capital and the dividend ratio is affected by a change in the outstanding shares later on, the Board of Directors shall be authorized to adjust the dividend ratio for the distribution of each share.

Proposal 5: Report on the implementation of buyback of treasury stocks

Explanatory Notes: The implementation plan for buyback of treasury stocks is detailed below:

Buyback Period	13^{th} Session	14^{th} Session
Date of Board Resolution	March 10, 2020	May 13, 2020
Buyback Purpose	Transfer shares to employees	Transfer shares to employees
Estimated Buyback Period	March 11, 2020- May 8, 2020	May 14, 2020- July 13, 2020
Actual Buyback Period	March 12, 2020- April 27, 2020	May 22, 2020- July 13, 2020
Buyback Method	Centralized market buyback of securities	Centralized market buyback of securities
Buyback Period Price	NT$9~ NT$16	NT$9~ NT$16.2
Estimated Buyback Volume	Common shares 10,000,000 shares	Common shares 10,000,000 shares

Buyback Types and Volume	Common shares 8,699,000 shares	Common shares 7,022,000 shares
Buyback amount	NT$85,553,642	NT$84,796,395
Average buyback price, per share	NT$9.83	NT$12.08
Number of shares cancelled and transferred	8,699,000 shares(Note)	7,022,000 shares (Note)
Cumulative number of shares held by the company	0 shares	0 shares
The ratio of the cumulative number of shares held by the company to the total number of issued shares (%)	0%	0%

Note: The change registration and cancellation were approved and completed on September 30, 2025.

Proposal 6: 2025 Report on receiving of remuneration by directors

Description:

The remuneration to ordinary and independent directors of the Company is paid in accordance with the Articles of Incorporation and the "Director Remuneration Management Regulations". As stated in the Articles of Incorporation, the Company may pay remuneration to directors for performing the Company's duties, provided that such remuneration shall not exceed 1% of the Company's profit after tax. The Board of Directors is authorized to determine such remuneration by taking into account the director's degree of participation and value of their contribution to the Company's operations. The remuneration shall not exceed the standards of peers in the industry. According to the "Director Remuneration Management Regulations", directors may receive a fixed amount of remuneration every year provided that it does not violate the limit specified in the Articles of Incorporation. Except for the directors who participate in the routine operations of the Company, all the directors may receive an attendance fee for their attendance at the Board meeting. The Chairman participates in the management of the Company's routine operations and his/her remuneration is determined by the Board of Directors.
For the remuneration of individual directors and its amount, please refer to P.11 in this meeting book.

Proposal 7: Others: None

4. Matters for Ratification

Proposal 1 (Proposed by the Board of Directors)

Subject: Filing of the 2025 Business Report and Financial Statements

Explanation:

The business report and 2025 financial reports of the Company have been approved by the Board of Directors. The financial statements have been audited and certified by CPAs Liu Rong-Jin and Hsieh Sheng-An from Ernst & Young Global Limited, Taiwan, who have issued an audit report and submitted it together with the business report to the Audit and Risk Committee for review.
Enclosed are the business report, independent auditors' report and aforementioned financial statements for ratification, found on P.8 and P.12-34 of this meeting agenda.

Resolution:

Proposal 2 (Proposed by the Board of Directors)

Subject: Adoption of the Proposal for Distribution of 2025 Profits

Explanation:

Proposal for Distribution of 2025 Profits is detailed below:

YEM CHIO CO., LTD.

Distribution of 2025 Profits

Unit: NT$

Item	Amount
Unappropriated earnings of January 1, 2025	1,330,292,953
Plus: Net Income after tax 2025	172,054,841
Less: Remeasurements of Defined Benefit Obligations	(2,772,766)
Plus: Disposal of Financial Assets at FVTOCI 2025	345,006,944
Plus: Disposal by subsidiaries in 2025 of financial assets measured at fair value through other comprehensive income (FVOCI).	9,108,131
The net profit after tax for the current period plus items other than the net profit for the current period are included in the amount of undistributed surplus for the current year	523,397,150
Less: Legal surplus reserve, 10%	(52,339,715)
Less: Special surplus reserve	(5,844,900)
Distributable earnings of December 31, 2025	1,795,505,488
Less: Cash dividends (NT$0.7 per share)	(473,730,051)
Unappropriated earnings of December 31, 2025	1,321,775,437

Person in Charge: Lee, Shu-Wei Manager: Lee, Chi-Cheng Accountant in charge: Chang, Yung-Chieh

Resolution:

5. Matters for Discussion

Submitted by the Board of Directors

Proposal: Amendment to the "Rules for Election of Directors"

Description:

In accordance with the current nominee system for the election of directors, it is not required to identify director candidates by shareholders' account numbers or ID numbers. Accordingly, certain provisions of the Rules are hereby amended.
For the comparison table of the "Rules for Election of Directors" before and after amendment, please refer to P. 35 of the meeting handbook.

Resolution:

6. Matters for Election

Submitted by the Board of Directors

Subject: By-election of One Independent Director.

Explanation: 1. One vacancy of Independent Director exists in the Company. It is proposed to by-elect one Independent Director, with the term of office from June 23, 2026 to June 19, 2028.
2. Candidates' nomination system is adopted by the company for election of the directors of the company, the relevant information on the list of candidates for independent directors is set out as follows:

Title	Name	Education
Independent Director	Lin,Chien-Fu	Ph.D. in Economics, University of California, San Diego
M.A. in Economics, National Taiwan University
B.A. in Economics, National Taiwan University	President, Taiwan Institute of Economic Research
Chair and Professor, Department of Economics, National Taiwan University
Deputy Director, Institute for Advanced Studies in Humanities and Social Sciences, National Taiwan University
Chairman, Chinese Taipei Committee, Pacific Economic Cooperation Council
Executive Director, Chinese Taipei APEC Study Center
Member, Economic Advisory Group, Office of the President, ROC
Director, Taipei Exchange
Resident Supervisor, Taiwan Stock Exchange
Chief Economist, CTBC Financial Holding Co., Ltd.
Advisor, Straits Exchange Foundation
Chairman, Fulbright Taiwan Alumni Association	Retired Professor, Department of Economics, National Taiwan University	0

Please proceed with the election.

7 -
Results of election:
Extempore Motions
Adjournment

9. Appendix

Attachment I

Business Report

Business report

I. Operating Performance in 2025

(I) Business plan implementation results

(1) Sales: The net consolidated sales revenue in 2025 was NT$13,276,075 thousand, a 16.5% decrease from 2024. The contribution of the tape manufacturing department was NT$9,361,066 thousand at a rate of 70.5%.

(2) Production: In 2025, the tape coating volume was approximately 1.23001 billion square meters and film production volume was 68,695 tons.

(II) Consolidated business results summary (Unit: NT$ thousand)

Item	2025	2024	Percent Change
Operating Revenue	13,276,075	15,891,082	-16.5%
Operating Costs	11,245,372	13,265,074	-15.2%
Operating Margin	2,030,703	2,626,008	-22.7%
Operating Expenses	1,517,556	1,597,710	-5.0%
Operating Profit	513,147	1,028,298	-50.1%
Net Non-operating Income	-83,588	115,784	-172.2%
Income before Tax	429,559	1,144,082	-62.5%
Income tax expense	162,748	254,711	-36.1%
Net income	266,811	889,371	-70.0%

(III) Financial Revenue and Expenditure and Profitability analysis

The Consolidated income and expenditure overview comparison is illustrated as follows:

Income:

(Unit: NT$ thousand)

Item	2025	2024	Percent Change
Operating Income	13,276,075	15,891,082	-16.5%
Non-Operating Income	410,749	652,292	-37.0%
Total	13,686,824	16,543,374	-17.3%

Expenditure :
(Unit: NT$ thousand)

Item	2025	2024	Percent Change
Operating Cost	11,245,372	13,265,074	-15.2%
Operating Expense	1,517,556	1,597,710	-5.0%
Non-Operating Expense	494,337	536,508	-7.9%
Total	13,257,265	15,399,292	-13.9%

(IV) Revenue structure analysis: The company's consolidated net revenue in 2025 was NT$13.28 billion. The total net revenue of each department of the company is illustrated as follows:

(Unit: NT$ thousand)

Item	Amount	Percentage
Tape Manufacturing Department	9,361,066	70.5%
Distribution Business Group	1,911,283	14.4%
Real Estate Business Group	1,041,968	7.9%
Special Chemistry Department	558,626	4.2%
New Energy Department	403,132	3.0%
Total	13,276,075	100.0%

(V) Research development status:

The company's short-term R&D direction is to meet the needs of the market and customers, develop or adjust adhesive formulation and add different coating technologies to produce products that can be commodified and in line with future trends.

In the mid-term, it will be vertically integrated upwards by organizational adjustments, recruitment of R&D personnel, and increasing our own development abilities for various films year by year to make products that are differentiated from the market.

Person in Charge: Lee, Shu-Wei Manager: Lee, Chi-Cheng Accountant in charge: Chang, Yung-Chieh

Attachment II

Audit and Risk Committee’s Review Report

The Board of Directors has prepared the Company’s 2025 Business Report, Financial Statements, and proposal for allocation of earnings. The CPA firm Ernst & Young Global Limited Taiwan was retained as auditor of the Company’s Financial Statements and has issued an audit report relating to the Financial Statements. The Business Report, Financial Statements, and earnings allocation proposal have been reviewed and certified to be correct and accurate by the Audit and Risk Committee members of YEM CHIO CO., LTD. In accordance with Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act, we hereby submit this report.

Sincerely yours,

2026 Annual General Meeting of YEM CHIO CO., LTD.

Chairman of the Audit and Risk Committee:

Chen, Yen-Chun

March 13, 2026

Attachment III

Remuneration of Directors (Including Independent Directors)

Unit: NT$ thousands

Title	Name	Remuneration	Ratio of Total Remuneration (A+B+C+D) and to Net Income (%)a	Relevant Remuneration Received by Directors who are Also Employees	Ratio of Total Compensation (A+B+C+D+E+F+G) And to Net Income (%)b	Compensation Paid to Directors from an Invested Company Other than the Company's Subsidiaryc
Base Compensation (A)c	Severance Pay (B)	Directors Compensation(C)c	Allowances (D)c	Salary, Bonuses, and Allowances (E)c	Severance Pay (F)	Employee Compensation (G)c
The company	All companies in the consolidated financial statementd	The company	Companies in the consolidated financial statementd	The company	Companies in the consolidated financial statementd	The company
Chairman (Resigned on 06.20.2025 as a new director)	Ingo Chysang International Co., Ltd. Representative: Lin Chih-Hsiah	00	00
Chairman	Ingo Chysang International Co., Ltd Representative: Lin, Su-Wei	60	60
Director (Re-elected on 06.20.2025 as a new director)	Ingo Chysang International Co., Ltd Representative: Loi, Chi-Cheng	30	90
Director	Asia Plastics Co., Ltd. Representative: Lin, Si-Shan	60	60
Director	Asia Plastics Co., Ltd. Representative: Fang, Shu-Fen	60	60
Independent Director	Chen, Yan-Chan	00	90
Independent Director	Wang, Jian Chuan	00	90
Independent Director (Resigned on 06.20.2025 as a new director)	Chen, Shan Fa	30	125
Independent Director (Re-elected on 06.20.2025 as a new director)	Hung, Jung-Ting	60	60

1.Please describe the policy, system, standards, and structure for the remuneration of independent directors, and explain the correlation between the remuneration amount and factors such as responsibilities undertaken, risks assumed, and time invested: The Company currently adopts a fixed remuneration system for directors.
2. In addition to the disclosures in the above table, the remuneration received by directors of the Company in the most recent year for providing services (such as serving as consultants to the parent company, all companies included in the financial statements, or investee companies, where such directors are not employees): NT$90 thousand.

Attachment IV

2025 INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS

(Parent company only financial statement)

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

The Board of Directors and Shareholders

Yem Chio Co., Ltd.

Opinion

We have audited the accompanying parent company only financial statements of Yem Chio Co., Ltd. (the "Company"), which comprise the parent company only balance sheets as of December 31, 2025 and 2024, and the parent company only statements of comprehensive income, changes in equity and cash flows for the year then ended December 31, 2025 and 2024, and the notes to the parent company only financial statements, including a summary of material accounting policies (collectively referred to as the "parent company only financial statements").

In our opinion, based on our audits and the reports of other auditors (please refer to the Other Matter), the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as of December 31, 2025, and its parent company only financial performance and cash flows for the year then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and the Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the parent Financial Statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the parent company only financial statements for the year ended December 31, 2025. These matters were addressed in the context of our audit of the parent company only financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Key audit matters for the Company's 2025 parent company only financial statements are stated as follows:

13 -

Valuation of inventory

The Company is mainly engaged in the manufacture, processing, and sales of packaging materials, including BOPP film, adhesives and polystyrene sheets, as well as land development and construction. The Company's inventories were measured at the lower of cost and net realisable value. Considering the Company's inventories were significant to the parent company only financial statements and the determination of net realizable value for the inventories involves judgements and estimates, and the aforementioned matters exist in the Company, we identified the evaluation of inventories as a key audit matter.

Our audit procedures including (but are not limited to) assessing the appropriateness of the management's accounting policy for inventory evaluation; evaluating and testing the effectiveness of relevant internal control; sampling the inventory aging report by checking the inventory entry dates are consistent with relevant supportive documents; recalculating the inventory obsolescence loss based on the aging report; reviewing and calculating the reasonableness of the inventory net realizable value report; and participating in the annual inventory count to identify if there is obsolete or impaired inventory. For the inventory of land development and construction business, obtaining the valuation data in relation to the net realisable value of inventories to ascertain whether the data source, assumptions and methods adopted by the Company are reasonable. Testing data in order to check the reasonableness of the net realisable value of construction-in-progress and land held for building.

Please refer to Notes 4, 5 and 6(5) of the parent company only financial statements for the accounting policies, significant accounting estimates and the information about inventories, respectively.

Valuation of investment property

As of December 31, 2025 and 2024, the fair value of investment property was $1,355,730 and 1,343,740, both constituting 5% of total assets, respectively. The Company's investment property is valued by external experts using the fair value model. Given that the valuation process is subject to significant assumptions on discount rate and future lease income and has material effect on the fair value measurement. We identified the evaluation of investment property as a key audit matter.

Our audit procedures including (but are not limited to) assessing the qualifications and independence of appointed external appraisers; obtaining and reviewing reasonableness of appraisal report, including valuation method and key appraisal assumptions and estimates, etc.; assessing reasonableness of the lease income and rental growth rate are reasonable by referencing to the market rental rate for the investment properties using the income approach.

Please refer to Notes 4, 5 and 6(9) of the parent company only financial statements for the accounting policies, significant accounting estimates and the information about investment property, respectively.

14 -

Other matter

We did not audit the financial statements of certain investees accounted for under the equity method which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these investments, is based solely on the reports of the other auditors. Total accounted for under the equity method of these investees amounted to NT$1,105,711 and NT$1,255,679, constituting 4% and 5% of total assets as at December 31, 2025 and 2024, respectively, and the comprehensive gains (loss) amounted to (NT$149,969) and NT$48,670, constituting (68)% and 5% of net income before tax for the year ended December 31, 2025 and 2024, respectively.

Responsibilities of Management and Those Charged with Governance for the Parent Company Only Financial Statements

Management is responsible for the preparation and fair presentation of the parent company only financial statements in accordance with the requirements of the Regulations Governing the Preparation of Financial Reports by Securities Issuers and for such internal control as management determines is necessary to enable the preparation of the parent company financial statements that are free from material misstatement, whether due to fraud or error.

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

Those charged with governance, including audit committee, are responsible for overseeing the Company's financial reporting process.

Auditors' Responsibilities for the Audit of the Parent Company Only Financial Statements

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

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:

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

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

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

15 -

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of 2025 parent company only financial statements and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Liu, Jung Chin
Hsieh, Sheng-An
Ernst & Young, Taiwan
March 13, 2026

Notice to Readers

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

Accordingly, the accompanying parent company only financial statements and report of independent accountants are not intended for use by those who are not informed about the accounting principles or the Standards on Auditing of the Republic of China, and their applications in practice. As the financial statements are the responsibility of the management, Ernst & Young cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

16 -

Yem Chio Co., Ltd.
Parent Company Only Balance Sheets
December 31, 2025 and 2024
(Expressed in thousands of New Taiwan Dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 526,442	2	$ 317,214	1
1120	Financial assets at fair value through other comprehensive income - current	6(2) and 8	1,699,929	6	1,422,985	5
1136	Financial assets at amortised cost - current	6(3) and 8	312,073	1	645,901	2
1150	Notes receivable, net	6(4) and 16	17,076	-	20,623	-
1170	Accounts receivable, net	6(4) and 16	152,516	-	218,852	1
1180	Accounts receivable - related parties	7	78,522	-	136,368	1
1200	Other receivables		85,737	-	5,053	-
1210	Other receivables - related parties	6(19) and 7	497,674	2	12,599	-
130X	Inventories	5, 6(5), 7 and 8	12,995,523	46	11,440,487	42
1460	Non-current Assets Held for Sale	6(6)	176,472	1	-	-
1470	Other current assets	6(19) and 7	378,192	1	422,224	2
11XX	Total current assets		16,920,156	59	14,642,306	54
Non-current assets
1517	Financial assets at fair value through other comprehensive income - non-current	6(2)	418,426	2	5,597	-
1535	Financial assets at amortised cost - non-current	6(3) and 8	13,608	-	13,561	-
1550	Investments accounted for under equity method	6(6)	6,321,516	22	6,653,720	25
1600	Property, plant and equipment, net	6(7) and 8	3,337,529	12	4,152,042	16
1755	Right-of-use assets	6(17)	50,273	-	53,415	-
1760	Investment property, net	5, 6(9), 6(17), 7 and 8	1,355,730	5	1,343,740	5
1780	Intangible assets, net		77	-	99	-
1840	Deferred income tax assets	6(20)	41,327	-	36,314	-
1900	Other non-current assets	8	29,846	-	29,685	-
15XX	Total non-current assets		11,568,332	41	12,288,173	46
1XXX	Total assets		$ 28,488,488	100	$ 26,930,479	100

(Continued)

Yem Chio Co., Ltd.
Parent Company Only Balance Sheets
December 31, 2025 and 2024
(Expressed in thousands of New Taiwan Dollars)

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current liabilities
2100	Short-term borrowings	6(10) and 8	$ 2,963,895	11	$ 3,602,000	13
2110	Short-term notes and bills payable	6(11)	400,000	1	50,000	-
2130	Current contract liabilities	6(15) and 7	269,637	1	311,314	1
2150	Notes payable		335	-	51,407	-
2170	Accounts payable		111,459	-	154,456	1
2180	Accounts payable - related parties	7	17,160	-	15,941	-
2200	Other payables		320,921	1	165,254	1
2220	Other payables - related parties	7	756,852	3	598,477	2
2230	Current income tax liabilities		9,541	-	42,385	-
2260	Liabilities directly associated with non current assets held for sale	6(6)	138,402	-	-	-
2280	Lease liabilities - current	6(17)	2,734	-	2,673	-
2320	Current portion of long-term liabilities	6(12) and 8	5,066,683	18	3,961,199	15
2399	Other current liabilities		21,415	-	33,165	-
21XX	Total current liabilities		10,079,034	35	8,988,271	33
Non-current liabilities
2540	Long-term borrowings	6(12) and 8	5,281,908	19	4,404,300	17
2570	Deferred income tax liabilities	6(20)	96,437	-	86,487	-
2580	Lease liabilities - non-current	6(17)	49,323	-	52,057	-
2600	Other non-current liabilities	6(7) and 6(13)	157,052	1	175,502	1
25XX	Total non-current liabilities		5,584,720	20	4,718,346	18
2XXX	Total liabilities		15,663,754	55	13,706,617	51
Equity attributable to owners of parent
	Share capital	6(14)
3110	Common stock		6,767,572	24	6,792,085	25
	Capital surplus	6(14)
3200	Capital surplus		2,761,420	10	2,755,697	10
	Retained earnings	6(14)
3310	Legal reserve		803,177	3	676,958	3
3320	Special reserve	6(7)	631,140	2	560,736	2
3350	Unappropriated retained earnings		1,853,693	6	2,323,104	9
	Other equity interest
3400	Other equity interest		251,727	1	529,627	2
3500	Treasury stocks	6(14)	( 243,995 )	(1)	( 414,345 )	(2)
3XXX	Total equity		12,824,734	45	13,223,862	49
3X2X	Total liabilities and equity		$ 28,488,488	100	$ 26,930,479	100

The accompanying notes are an integral part of these parent company only financial statements.

18 -

Yem Chio Co., Ltd.
Parent Company Only Statements of Comprehensive Income
For the Years Ended December 31, 2025 and 2024
(Expressed in thousands of New Taiwan dollars, except for earnings per share)

Items	Notes	2025		2024
		AMOUNT	%	AMOUNT	%
4000	Net revenue	6(15) and 7	$ 2,949,407	100	$ 5,363,933	100
5000	Operating costs	6(5), 6(18) and 7	( 2,824,899)	( 96)	( 4,878,651)	( 91)
5900	Net operating margin		124,508	4	485,282	9
	Operating expenses	6(13), 6(16), 6(17) and 6(18)
6100	Selling expenses		( 134,560)	( 5)	( 176,524)	( 3)
6200	General and administrative expenses		( 130,350)	( 4)	( 150,631)	( 3)
6000	Total operating expenses		( 264,910)	( 9)	( 327,155)	( 6)
6900	Operating profit (loss)		( 140,402)	( 5)	158,127	3
	Non-operating income and expenses
7100	Interest income	7	26,716	1	13,287	-
7010	Other income	6(19) and 7	201,380	6	140,156	2
7020	Other losses and gains	6(19) and 7	( 2,039)	-	( 712,103)	( 13)
7050	Finance costs	6(19) and 7	( 213,585)	( 7)	( 173,086)	( 3)
7060	Share of profit or loss of associates accounted for using the equity method	6(7)	347,428	12	1,489,642	28
7000	Total non-operating income and expenses		359,900	12	757,896	14
7900	Net income before tax		219,498	7	916,023	17
7950	Income tax expense	6(20)	( 47,443)	( 1)	( 99,134)	( 2)
8200	Net Income		$ 172,055	6	$ 816,889	15
	Other comprehensive income (loss)
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Actuarial gains on defined benefit plans	6(13)	$ 262	-	$ 1,193	-
	Unrealised gains (losses) from equity instruments investments measured at fair value through other comprehensive income		133,333	5	595,238	11
8316	Share of other comprehensive income (loss) of associates which will not be reclassified subsequently to profit or loss		8,247	-	10,788	-
8320	Income tax related to components of other comprehensive income that will not be reclassified subsequently to profit or loss	6(20)	( 52)	-	( 239)	-
8349	Other comprehensive income (loss) that will not be reclassified to profit or loss		141,790	5	606,980	11
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Financial statements translation differences of foreign operations		( 92,872)	( 4)	237,932	5
	Share of other comprehensive income (loss) of associates which may be reclassified subsequently to profit or loss		24,523	1	35,485	1
8370	Other comprehensive income (loss) that will be reclassified to profit or loss		( 68,349)	( 3)	273,417	6
8300	Total other comprehensive income (loss) for the year		$ 73,441	2	$ 880,397	17
8500	Total comprehensive income for the year		$ 245,496	8	$ 1,697,286	32
	Earnings per share (in dollars)	6(23)
9750	Basic earnings per share		$	0.26		1.27
9850	Diluted earnings per share		$	0.26		1.24

The accompanying notes are an integral part of these parent company only financial statements.

Yem Chio Co., Ltd.
Parent Company Only Statements of Changes in Equity
For the Years Ended December 31, 2025 and 2024

	Capital			Retained Earnings			Other Equity Interest
	Common stock	Certificate of entitlement to new shares from convertible bonds	Capital surplus	Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	Revaluation property surplus	Treasury stocks	Total equity
2024
Balance at January 1, 2024	$ 6,582,467	$ 66,857	$ 2,718,738	$ 568,926	$ 511,756	$ 1,868,613	($ 364,795)	$ 19,751	$ 439,576	($ 414,345)	$ 11,997,544
Net income	-	-	-	-	-	816,889	-	-	-	-	816,889
Other comprehensive income	-	-	-	-	-	3,479	272,932	603,986	-	-	880,397
Total comprehensive income	-	-	-	-	-	820,368	272,932	603,986	-	-	1,697,286
Appropriations and distribution of retained earnings for the year ended December 31, 2023
Cash dividends	-	-	-	-	-	(650,688)	-	-	-	-	(650,688)
Legal reserve	-	-	-	108,032	-	(108,032)	-	-	-	-	-
Special reserve	-	-	-	-	48,980	(48,980)	-	-	-	-	-
Disposal of equity investment valued at fair value through other comprehensive income	-	-	-	-	-	441,823	-	(441,823)	-	-	-
Conversion of convertible corporate bonds	-	142,761	6,026	-	-	-	-	-	-	-	148,787
Conversion of certificates of bonds-to-share	209,618	(209,618)	-	-	-	-	-	-	-	-	-
Stock options forfeited	-	-	12,589	-	-	-	-	-	-	-	12,589
Adjustments for dividends subsidiaries received from parent company	-	-	18,423	-	-	-	-	-	-	-	18,423
From share of changes in equities of subsidiaries	-	-	(79)	-	-	-	-	-	-	-	(79)
Balance at December 31, 2024	$ 6,792,085	$ -	$ 2,755,697	$ 676,958	$ 560,736	$ 2,323,104	($ 91,863)	$ 181,914	$ 439,576	($ 414,345)	$ 13,223,862
2025
Balance at January 1, 2025	$ 6,792,085	$ -	$ 2,755,697	$ 676,958	$ 560,736	$ 2,323,104	($ 91,863)	$ 181,914	$ 439,576	($ 414,345)	$ 13,223,862
Net income	-	-	-	-	-	172,055	-	-	-	-	172,055
Other comprehensive income	-	-	-	-	-	(2,774)	(91,747)	167,962	-	-	73,441
Total comprehensive income	-	-	-	-	-	169,281	(91,747)	167,962	-	-	245,496
Appropriations and distribution of retained earnings for the year ended December 31, 2024
Cash dividends	-	-	-	-	-	(663,487)	-	-	-	-	(663,487)
Stock dividends	132,697	-	-	-	-	(132,697)	-	-	-	-	-
Legal reserve	-	-	-	126,219	-	(126,219)	-	-	-	-	-
Special reserve	-	-	-	-	70,404	(70,404)	-	-	-	-	-
Cancellation of treasury shares	(157,210)	-	(13,140)	-	-	-	-	-	-	170,350	-
Disposal of equity investment valued at fair value through other comprehensive income	-	-	-	-	-	345,007	-	(345,007)	-	-	-
Disposal by a subsidiary of equity instruments designated at fair value through other comprehensive income	-	-	-	-	-	9,108	-	(9,108)	-	-	-
From share of changes in equities of subsidiaries	-	-	440	-	-	-	-	-	-	-	440
Adjustments for dividends subsidiaries received from parent company			18,423			-	-	-	-	-	18,423
Balance at December 31, 2025	$ 6,767,572	$ -	$ 2,761,420	$ 803,177	$ 631,140	$ 1,853,683	($ 183,610)	($ 4,239)	$ 439,576	($ 243,995)	$ 12,824,734

The accompanying notes are an integral part of these parent company only financial statements.

Yem Chio Co., Ltd.
Parent Company Only Statements of Cash Flows
For the Years Ended December 31, 2025 and 2024
(Expressed in thousands of New Taiwan dollars)

	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income before tax	$ 219,498	$ 916,023
Adjustments
Adjustments to reconcile profit
Depreciation	164,317	201,083
Amortisation	22	22
Interest expenses	213,585	173,086
Interest income	( 26,716)	( 13,287)
Share of profit or loss of associates accounted for using the equity method	( 347,428)	( 1,489,642)
Gain on disposal of property, plant and equipment	125	( 30)
Impairment loss on property, plant, and equipment	-	164,459
Gain on fair value adjustment of investment property	( 11,990)	( 29,373)
Employees' compensation	-	605,880
Dividend income	( 110,510)	( 52,533)
Changes in operating assets and liabilities
Changes in operating assets
Notes receivable, net	3,547	17,522
Accounts receivable, net	66,336	17,458
Accounts receivable - related parties	57,846	( 25,232)
Other receivables	( 80,685)	15,567
Other receivables - related parties	( 560)	19,120
Inventories	( 569,953)	( 2,223,390)
Prepayments	1,912	9,422
Other current assets	2,009	119,623
Changes in operating liabilities
Notes payable	( 51,072)	( 43,637)
Current contract liabilities	96,725	( 365,594)
Accounts payable	( 42,997)	46,721
Accounts payable - related parties	1,219	( 2,011)
Other payables	154,430	51,223
Other payables - related parties	( 214)	639
Other current liabilities	( 11,750)	( 7,968)
Other non-current liabilities	( 4,071)	( 129)
Cash inflow used in from operations	( 276,375)	( 1,894,978)
Interest received	25,958	13,287
Dividend received	722,091	52,533
Interest paid	( 337,769)	( 279,896)
Income taxes paid	( 35,293)	( 34,890)
Net cash provide (used in) by operating activities	98,612	( 2,143,944)

(Continued)

Yem Chio Co., Ltd.
Parent Company Only Statements of Cash Flows
For the Years Ended December 31, 2025 and 2024
(Expressed in thousands of New Taiwan dollars)

	2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of investments accounted for using equity method	-	( 130,270)
Acquisition of financial assets at fair value through other comprehensive income	( 3,225,436)	( 2,153,226)
Proceeds from disposal of financial assets at fair value through other comprehensive income	2,681,694	2,540,312
Return of investment from liquidation of investee company accounted for using the equity method	-	5,060
Return of capital from reduction of capital in investee company accounted for using the equity method	-	128,701
Decrease (increase) in financial assets at amortised cost	333,780	( 203,235)
(Increase) decrease in other receivables - related parties	( 483,758)	665,022
Acquisition of property, plant and equipment	( 375,347)	( 183,746)
Proceeds from disposal of property, plant and equipment	85	30
Increase in other non-current assets	( 160)	( 24,720)
Net cash (used in) provided by investing activities	( 1,069,142)	643,928
CASH FLOWS FROM FINANCING ACTIVITIES
Decrease in short-term borrowings	( 638,105)	( 585,493)
Increase (decrease) in short-term notes and bills payable	350,000	( 350,000)
Increase in other payables - related parties	152,135	522,756
Proceeds from long-term borrowings	10,026,139	7,566,999
Repayment of long-term borrowings	( 8,043,047)	( 5,020,778)
Repayments of corporate bonds payable	-	( 405)
Repayment of lease liabilities	( 3,877)	( 3,877)
Payment of cash dividends	( 663,487)	( 650,688)
Net cash provided by financing activities	1,179,758	1,478,514
Net increase (decrease) in cash and cash equivalents	209,228	( 21,502)
Cash and cash equivalents at beginning of year	317,214	338,716
Cash and cash equivalents at end of year	$ 526,442	$ 317,214

The accompanying notes are an integral part of these parent company only financial statements.

2025 INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS (consolidated financial statement)

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

The Board of Directors and Shareholders

Yem Chio Co., Ltd.

Opinion

We have audited the accompanying consolidated financial statements of Yem Chio Co., Ltd. and its subsidiaries (collectively referred to as the "Group"), which comprise the consolidated balance sheets as of December 31, 2025 and 2024, and the consolidated statements of comprehensive income, changes in equity and cash flows for the year ended December 31, 2025 and 2024, and the notes to the consolidated financial statements, including a summary of material accounting policies (collectively referred to as the "consolidated financial statements").

In our opinion, based on our audits and the reports of other auditors (please refer to the Other Matter), the accompanying consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

Basis for Opinion

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

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the year ended December 31, 2025. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

23 -

24 -

Valuation of inventory

The Group is mainly engaged in the manufacture, processing, and sales of packaging materials, including BOPP film, adhesives and polystyrene sheets, as well as land development and construction. The Group’s inventories were measured at the lower of cost and net realisable value. Considering the Group’s inventories were significant to the consolidated financial statements and the determination of net realizable value for the inventories involves judgements and estimates, we identified the evaluation of inventories as a key audit matter.

Our audit procedures including (but are not limited to) assessing the appropriateness of the management’s accounting policy for inventory evaluation; evaluating and testing the effectiveness of relevant internal control; sampling the inventory aging report by checking the inventory entry dates are consistent with relevant supportive documents; recalculating the inventory obsolescence loss based on the aging report; reviewing and calculating the reasonableness of the inventory net realizable value report; and participating in the annual inventory count to identify if there is obsolete or impaired inventory. For the inventory of land development and construction business, obtaining the valuation data in relation to the net realisable value of inventories to ascertain whether the data source, assumptions and methods adopted by the Group are reasonable. Testing data in order to check the reasonableness of the net realisable value of construction-in-progress and land held for building.

Please refer to Notes 4, 5 and 6(6) of the consolidated financial statements for the accounting policies, significant accounting estimates and the information about inventories, respectively.

Valuation of investment property

As of December 31, 2025 and 2024, the fair value of investment property was NT$2,411,173 thousand and NT$2,399,775 thousand, respectively, constituting 7% of total assets. The Group’s investment property is valued by external experts using the fair value model. Given that the valuation process is subject to significant assumptions on discount rate and future lease income and has material effect on the fair value measurement. We identified the evaluation of investment property as a key audit matter.

Please refer to Notes 4, 5 and 6(10) of the consolidated financial statements for the accounting policies, significant accounting estimates and the information about investment property, respectively.

25 -

Other matter

We did not audit the financial statements of certain subsidiaries which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these subsidiaries, is based solely on the reports of the other auditors. Total assets of these subsidiaries amounted to NT$1,569,037 thousand and NT$1,728,606 thousand, constituting 4% and 5% of consolidated total assets as at December 31, 2025 and 2024, and net operating revenue amounted to NT$1,232,803 thousand and NT$2,738,331 thousand, constituting 9% and 17% of consolidated operating revenue for the year ended December 31, 2025 and 2024.

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

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

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

Those charged with governance, including audit committee, are responsible for overseeing the Group's financial reporting process.

Auditors' Responsibilities for the Audit of the Consolidated Financial Statements

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

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:

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

26 -

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of 2025 consolidated financial statements and are therefore the key audit matters. We describe these matters in our auditors' report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Others

We and other auditors have audited and expressed an unqualified opinion with other matter section on the parent company only financial statements of Yem Chio Co., Ltd. as of and for the years ended December 31, 2025 and 2024.

Liu, Jung Chin
Hsieh, Sheng-An
Ernst & Young, Taiwan
March 13, 2026

Notice to Readers

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

Accordingly, the accompanying consolidated financial statements and report of independent accountants are not intended for use by those who are not informed about the accounting principles or the Standards on Auditing of the Republic of China, and their applications in practice. As the financial statements are the responsibility of the management, Ernst & Young cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

27 -

Yem Chio Co., Ltd. and Subsidiaries
Consolidated Balance Sheets
December 31, 2025 and 2024
(Expressed in thousands of New Taiwan Dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 2,829,813	8	$ 2,360,882	7
1110	Financial assets at fair value through profit or loss - current	6(2)	208,417	-	545,305	2
1130	Financial assets at fair value through other comprehensive income – current	6(3) and 8	1,699,929	5	1,422,985	4
1136	Financial assets at amortised cost - current	6(4) and 8	415,246	1	1,394,610	4
1150	Notes receivable, net	6(5) and 18	370,456	1	371,053	1
1170	Accounts receivable, net	6(5) + (18) + 7 and 8	2,498,889	7	2,196,257	6
1200	Other receivables		172,841	-	120,327	-
130X	Inventories	6(6) and 8	15,052,972	41	13,256,338	37
1410	Prepayments		395,399	1	451,904	1
1460	Non-current assets held for sale	6(7)	176,472	-	-	-
1470	Other current assets	8	238,557	1	212,549	1
11XX	Total current assets		24,058,991	65	22,332,210	63
Non-current assets
1510	Financial assets at fair value through profit or loss - non-current	6(2)	-	-	1,000	-
1517	Financial assets at fair value through other comprehensive income- non-current	6(3)	1,066,915	3	118,764	-
1535	Financial assets at amortised cost - non-current	6(4) and 8	28,026	-	22,567	-
1550	Investments accounted for under equity method	6(8)	953,519	3	1,043,936	3
1600	Property, plant and equipment, net	6(9) and 8	7,500,749	20	8,442,100	24
1755	Right-of-use assets	6(19)	286,437	1	315,287	1
1760	Investment property, net	6(10) + (19) and 8	2,411,173	7	2,399,775	7
1780	Intangible assets, net	6(11)	317,360	1	292,849	1
1840	Deferred income tax assets		156,469	-	157,489	1
1900	Other non-current assets	8	75,440	-	61,249	-
15XX	Total non-current assets		12,796,088	35	12,855,016	37
1XXX	Total assets		$ 36,855,079	100	$ 35,187,226	100

(Continued)

Yem Chio Co., Ltd. and Subsidiaries
Consolidated Balance Sheets
December 31, 2025 and 2024
(Expressed in thousands of New Taiwan Dollars)

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current liabilities
2100	Short-term borrowings	6(12) and 8	$ 5,575,373	15	$ 6,055,610	17
2110	Short-term notes and bills payable	6(13)	400,000	1	50,000	-
2130	Current contract liabilities	6(17) and 7	432,811	2	476,432	2
2150	Notes payable		242,525	1	236,167	1
2170	Accounts payable		752,334	2	759,961	2
2200	Other payables		857,742	2	723,310	2
2230	Current income tax liabilities		42,069	-	104,414	-
2260	Liabilities directly associated with non-current assets held for sale	6(7)	138,402	-	-	-
2280	Lease liabilities - current	6(19)	25,070	-	40,641	-
2320	Current portion of long-term liabilities	6(14) and 8	5,243,302	14	4,124,158	12
2399	Other current liabilities		43,167	-	52,951	-
21XX	Total current liabilities		13,752,795	37	12,623,644	36
Non-current liabilities
2540	Long-term borrowings	6(14) and 8	8,836,060	24	8,078,152	23
2570	Deferred income tax liabilities		520,218	2	495,967	2
2580	Lease liabilities - non-current	6(19)	78,557	-	95,018	-
2600	Other non-current liabilities	6(15)	109,170	-	109,811	-
25XX	Total non-current liabilities		9,544,005	26	8,778,948	25
2XXX	Total liabilities		23,296,800	63	21,402,592	61
Equity attributable to owners of parent
	Share capital	6(16)
3110	Common stock		6,767,572	18	6,792,085	19
	Capital surplus	6(16)
3200	Capital surplus		2,761,420	8	2,755,697	8
	Retained earnings	6(16)
3310	Legal reserve		803,177	2	676,958	2
3320	Special reserve		631,140	2	560,736	2
3350	Unappropriated retained earnings		1,853,693	5	2,323,104	7
	Other equity interest
3400	Other equity interest		251,727	1	529,627	1
3500	Treasury stocks	6(16)	( 243,995) ( 1)		( 414,345) ( 1)
31XX	Equity attributable to owners of the parent		12,824,734	35	13,223,862	38
36XX	Non-controlling interest	6(16)	733,545	2	560,772	1
3XXX	Total equity		13,558,279	37	13,784,634	39
3X2X	Total liabilities and equity		$ 36,855,079	100	$ 35,187,226	100

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

29 -

Yem Chio Co., Ltd. and Subsidiaries
Consolidated Statements of Comprehensive Income
For the Years Ended December 31, 2025 and 2024
(Expressed in thousands of New Taiwan dollars, except for earnings per share)

Items		Notes	2025		2024
			AMOUNT	%	AMOUNT	%
4000	Net revenue	6(17) and 7	$ 13,276,075	100	$ 15,891,082	100
5000	Operating costs	6(6) + (20) and 7	( 11,245,372)	( 85)	( 13,265,074)	( 83)
5900	Net operating margin		2,030,703	15	2,626,008	17
	Operating expenses	6(15) + (18) + (19) and (20)
6100	Selling expenses		( 944,269)	( 7)	( 995,122)	( 6)
6200	General and administrative expenses		( 517,918)	( 4)	( 590,766)	( 4)
6300	Research and development expenses		( 46,691)	-	( 36,881)	-
6450	Expected credit (losses) gains	6(18)	( 8,678)	-	25,059	-
6000	Total operating expenses		( 1,517,556)	( 11)	( 1,597,710)	( 10)
6900	Operating profit		513,147	4	1,028,298	7
	Non-operating income and expenses
7100	Interest income		72,948	-	53,240	-
7010	Other income	6(9) + (19) + (21) and 7	193,425	1	206,980	1
7020	Other gains and losses	6(21)	( 3,273)	-	97,539	1
7050	Finance costs	6(21)	( 328,822)	( 2)	( 291,592)	( 2)
7060	Share of profit or loss of associates accounted for using the equity method	6(8)	( 17,866)	-	49,617	-
7000	Total non-operating income and expenses		( 83,588)	( 1)	115,784	-
7900	Net income before tax		429,559	3	1,144,082	7
7950	Income tax expense	6(22)	( 162,748)	( 1)	( 254,711)	( 1)
8200	Net Income		$ 266,811	2	$ 889,371	6
	Other comprehensive income (loss)
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Actuarial gains on defined benefit plans		($ 3,465)	-	$ 4,347	-
	Unrealised gains (losses) from equity instruments investments measured at fair value through other comprehensive income		144,564	1	603,502	3
8316	Share of other comprehensive income (loss) of associates which will not be reclassified subsequently to profit or loss		691	-	( 868)	-
8320	Other comprehensive (loss) income that will not be reclassified to profit or loss		141,790	1	606,981	3
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Financial statements translation differences of foreign operations		( 83,316)	-	254,548	2
8367	Unrealised losses from investments in debt instruments measured at fair value through other comprehensive income		23,398	-	484	-
	Share of other comprehensive income (loss) of associates which may be reclassified subsequently to profit or loss		1,125	-	35,000	-
8370	Other comprehensive income (loss) that will be reclassified to profit or loss		( 58,793)	-	290,032	2
8300	Total other comprehensive income (loss) for the year		$ 82,997	1	$ 897,013	5
8500	Total comprehensive income for the year		$ 349,808	3	$ 1,786,384	11

(Continued)

Yem Chio Co., Ltd. and Subsidiaries
Consolidated Statements of Comprehensive Income
For the Years Ended December 31, 2025 And 2024
(Expressed in thousands of New Taiwan dollars, except for earnings per share)

			2025		2024
Items		Notes	AMOUNT	%	AMOUNT	%
Profit attributable to:
8610	Owners of the parent		$ 172,055	1	$ 816,889	6
8620	Non-controlling interests		94,756	1	72,482	-
	Total		$ 266,811	2	$ 889,371	6
Comprehensive income (loss) attributable to:
8710	Owners of the parent		$ 245,496	2	$ 1,697,286	11
8720	Non-controlling interests		104,312	1	89,098	-
	Total		$ 349,808	3	$ 1,786,384	11
Earnings per share (in dollars)		6(23)
9750	Basic earnings per share		$	0.26	$	1.27
9850	Diluted earnings per share		$	0.26	$	1.24

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

31 -

Yum Chio Co., Ltd. and Subsidiaries
Consolidated Statements of Changes in Equity
For the Years Ended December 31, 2025 and 2024
(Expressed in thousands of New Taiwan dollars)
Equity attributable to owners of the parent

	Capital		Retained Earnings				Other Equity Interest
	Common stock	Certificate of entitlement to new shares from convertible bonds	Capital surplus	Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	Revaluation property surplus	Treasury stocks	Equity attributable to owners of the parent	Non-controlling interest	Total equity
2024
Balance at January 1, 2024	$ 6,582,467	$ 66,857	$ 2,718,738	$ 568,926	$ 511,756	$ 1,868,613	($ 364,795)	$ 19,751	$ 439,576	($ 414,345)	$ 11,997,544	$ 709,783	$ 12,707,327
Net income	-	-	-	-	-	816,889	-	-	-	-	816,889	72,482	889,371
Other comprehensive income	-	-	-	-	-	3,479	272,932	603,986	-	-	880,397	16,616	897,013
Total comprehensive income	-	-	-	-	-	820,368	272,932	603,986	-	-	1,697,286	89,098	1,786,384
Appropriations and distribution of retained earnings for the year ended December 31, 2023
Cash dividends	-	-	-	-	-	(650,688)	-	-	-	-	(650,688)	-	(650,688)
Legal reserve	-	-	-	108,032	-	(108,032)	-	-	-	-	-	-	-
Special reserve	-	-	-	-	48,980	(48,980)	-	-	-	-	-	-	-
Disposal of equity investment valued at fair value through other comprehensive income	-	-	-	-	-	441,823	-	(441,823)	-	-	-	-	-
Conversion of convertible corporate bonds	-	142,761	6,026	-	-	-	-	-	-	-	148,787	-	148,787
Conversion of certificates of bonds-to-share	209,618	(209,618)	-	-	-	-	-	-	-	-	-	-	-
Stock options forfeited	-	-	12,589	-	-	-	-	-	-	-	12,589	-	12,589
From share of changes in equities of subsidiaries	-	-	(79)	-	-	-	-	-	-	-	(79)	-	(79)
Adjustments for dividends received from parent company	-	-	18,423	-	-	-	-	-	-	-	18,423	-	18,423
Decrease in non-controlling interests	-	-	-	-	-	-	-	-	-	-	-	(238,109)	(238,109)
Balance at December 31, 2024	$ 6,792,885	$ -	$ 2,755,697	$ 676,958	$ 560,736	$ 2,323,104	($ 91,863)	$ 181,914	$ 439,576	($ 414,345)	$ 13,223,862	$ 560,772	$ 13,784,634
2025
Balance at January 1, 2025	$ 6,792,885	$ -	$ 2,755,697	$ 676,958	$ 560,736	$ 2,323,104	($ 91,863)	$ 181,914	$ 439,576	($ 414,345)	$ 13,223,862	$ 560,772	$ 13,784,634
Net income	-	-	-	-	-	172,055	-	-	-	-	172,055	94,756	266,811
Other comprehensive income	-	-	-	-	-	(2,774)	(91,747)	167,962	-	-	73,441	9,556	82,997
Total comprehensive income	-	-	-	-	-	169,281	(91,747)	167,962	-	-	245,496	104,312	349,808
Appropriations and distribution of retained earnings for the year ended December 31, 2024
Cash dividends	-	-	-	-	-	(663,487)	-	-	-	-	(663,487)	-	(663,487)
Stock dividends	132,697	-	-	-	-	(132,697)	-	-	-	-	-	-	-
Legal reserve	-	-	-	126,219	-	(126,219)	-	-	-	-	-	-	-
Special reserve	-	-	-	-	70,404	(70,404)	-	-	-	-	-	-	-
Cancellation of treasury shares	(157,210)	-	(13,140)	-	-	-	-	-	-	170,350	-	-	-
Disposal of equity investment valued at fair value through other comprehensive income	-	-	-	-	-	354,115	-	(354,115)	-	-	-	-	-
From share of changes in equities of subsidiaries	-	-	440	-	-	-	-	-	-	-	440	-	440
Adjustments for dividends received from parent company	-	-	18,423	-	-	-	-	-	-	-	18,423	-	18,423
Increase in non-controlling interests	-	-	-	-	-	-	-	-	-	-	-	68,461	68,461
Balance at December 31, 2025	$ 6,767,572	$ -	$ 2,761,420	$ 803,177	$ 631,140	$ 1,853,693	($ 183,610)	($ 4,239)	$ 439,576	($ 243,995)	$ 12,824,734	$ 733,545	$ 13,558,279

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

Yem Chio Co., Ltd. and Subsidiaries
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2025 and 2024
(Expressed in thousands of New Taiwan dollars)

	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income before tax	$ 429,559	$ 1,144,082
Adjustments
Adjustments to reconcile profit
Depreciation	535,829	600,820
Amortisation	1,157	965
Expected credit losses	8,678	( 25,059)
Net (gain) loss on financial assets at fair value through profit or loss	( 12,237)	( 128,801)
Interest expenses	328,822	291,592
Interest income	( 72,948)	( 53,240)
Share of profit or loss of associates accounted for using the equity method	( 22,636)	( 49,617)
Gain on disposal of property, plant and equipment	( 40,061)	( 6,691)
Gain on fair value adjustment of investment property	( 81,224)	-
Impairment of property, plant and equipment	-	226,263
Impairment of goodwill	35,298	-
Fair value gain on investment property	( 9,036)	( 83,602)
Employees' compensation	( 37)	7,097
Dividend income	( 120,543)	( 63,201)
Changes in operating assets and liabilities
Changes in operating assets
Notes receivable, net	10,476	( 17,593)
Accounts receivable, net	( 66,525)	117,543
Other receivables	( 46,051)	43,659
Financial assets at amortised cost	( 11,920)	( 44,562)
Inventories	( 853,842)	( 2,627,203)
Prepayments	62,286	36,877
Other current assets	( 25,866)	76,361
Other non-current assets	-	266
Changes in operating liabilities
Notes payable	6,359	( 31,263)
Contract liabilities	( 44,271)	( 322,584)
Accounts payable	( 85,696)	( 10,507)
Other payables	226,194	250,539
Other current liabilities	( 9,784)	( 64,610)
Other non-current liabilities	( 385)	( 4,910)
Cash inflow generated from (used in) operations	141,596	( 737,379)
Interest received	70,667	47,115
Dividend received	161,751	84,887
Interest paid	( 455,570)	( 388,711)
Income taxes paid	( 124,066)	( 168,907)
Net cash used in operating activities	( 205,622)	( 1,162,995)

(Continued)

Yem Chio Co., Ltd. and Subsidiaries
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2025 and 2024
(Expressed in thousands of New Taiwan dollars)

	2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at fair value through profit or loss	( 3,072,727)	( 4,679,659)
Proceeds from disposal of financial assets at fair value through profit or loss	3,410,633	5,074,928
Acquisition of investments accounted for using equity method	113,135	-
Acquisition of financial assets at fair value through other comprehensive income	( 3,800,935)	( 2,172,606)
Proceeds from disposal of financial assets at fair value through other comprehensive income	2,738,052	2,540,312
Return of capital from an investee company under the equity method upon liquidation	-	5,060
(Decrease) increase in financial assets at amortised cost	990,145	( 611,536)
Acquisition of a subsidiary (deducted acquired cash and cash equivalents)	( 111,991)	16,337
Acquisition of property, plant and equipment	( 680,464)	( 444,640)
Proceeds from disposal of property, plant and equipment	115,517	29,302
Non-current assets held for sale	138,402	-
Acquisition of intangible assets	( 2,543)	( 821)
(Increase) decrease in other non-current assets	( 8,176)	6,453
Increase in other non-current liabilities	( 282)	( 8,695)
Net cash used in investing activities	( 171,234)	( 245,565)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in short-term borrowings	( 574,435)	246,812
Decrease in short-term notes and bills payable	350,000	( 350,000)
Proceeds from long-term borrowings	10,060,418	8,256,939
Repayment of long-term borrowings	( 8,238,483)	( 5,187,280)
Repayment of corporate bonds payable	-	( 405)
Repayment of lease liabilities	( 44,492)	( 46,382)
Change in non-controlling interests	( 45,617)	( 153,971)
Payment of cash dividends	( 663,487)	( 650,688)
Net cash provided by financing activities	843,904	2,115,025
Effect of changes in foreign exchange rates	1,883	( 43,454)
Net increase in cash and cash equivalents	468,931	663,011
Cash and cash equivalents at beginning of year	2,360,882	1,697,871
Cash and cash equivalents at end of year	$ 2,829,813	$ 2,360,882

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

34 -

Attachment V

炎洲集團

YC GROUP

Comparison Table for Amendments to the “Rules for Election of Directors”

Yem Chio Co., Ltd.

Comparison Table for Amendments to the “Rules for Election of Directors”

Article	Provision after amendment	Current provision	Reason for amendment
Article 11:	If a candidate is a shareholder, a voter must enter the candidate's account name in the "candidate" column of the ballot; for a non-shareholder, the voter shall enter the candidate's full name. However, when the candidate is a governmental organization or juristic-person shareholder, the name of the governmental organization or juristic-person shareholder shall be entered in the column for the candidate's account name in the ballot paper, or both the name of the governmental organization or juristic-person shareholder and the name of its representative may be entered. When there are multiple representatives, the names of each respective representative shall be entered.	If a candidate is a shareholder, a voter must enter the candidate's account name and shareholder-account number in the "candidate" column of the ballot; for a non-shareholder, the voter shall enter the candidate's full name and identity card. However, when the candidate is a governmental organization or juristic-person shareholder, the name of the governmental organization or juristic-person shareholder shall be entered in the column for the candidate's account name in the ballot paper, or both the name of the governmental organization or juristic-person shareholder and the name of its representative may be entered. When there are multiple representatives, the names of each respective representative shall be entered.	The election of directors adopts the candidate nomination system; therefore, it is not required to identify candidates by shareholder account numbers or ID numbers.
Article 12	A ballot is invalid under any of the following circumstances: 1. The ballot was not prepared by the Company. 2. A blank ballot is placed in the ballot box.	A ballot is invalid under any of the following circumstances: 1. The ballot was not prepared by the Company. 2. A blank ballot is placed in the ballot box.	In compliance with the Order No. 1080311451 issued by the Financial

36 -

| | 3. The writing is unclear and indecipherable or has been altered.
4. Where the person elected as filled in does not conform to the list of director candidates upon verification.
5. Where any additional words are written other than the name or account name of the candidate.
6. Where two or more candidates are entered on the same ballot.
7. The ballots that have not been put into the ballot box.
8. The number of candidates filled in exceeds the specified quota.
9. Matters that should be recorded in Article 9 but are not fully recorded.
10. The total number of voting rights to vote by the voting shareholders exceeds the total number of voting rights held. | 3. The writing is unclear and indecipherable or has been altered.
4. The candidate whose name is entered in the ballot is a shareholder, but the candidate's account name and shareholder account number do not conform with those given in the shareholder register, or the candidate whose name is entered in the ballot is a non-shareholder, and a cross-check shows that the candidate's name and identity card number do not match.
5. Other marks or graphics are entered in addition to the candidate's account name (or name of the person) or shareholder account number (or identity card number) and the number of voting rights allotted.
6. The name of the candidate entered in the ballot is identical to that of another shareholder, but no shareholder account number or identity card number is provided in the ballot to identify such individual.
7. The ballots that have not been put into the ballot box.
8. The number of candidates filled in exceeds the specified quota.
9. Matters that should be recorded in Article 9 but are not fully recorded.
10. The total number of voting rights to vote by the voting | Supervisory Commission on April 25, 2019, requiring listed and OTC companies to adopt the candidate nomination system for the election of directors and supervisors starting from 2021, and that shareholders shall elect from the list of director candidates, Subparagraphs 4, 5, and 6 are hereby amended accordingly. |
| --- | --- | --- | --- |

		shareholders exceeds the total number of voting rights held.
Article 15	These Rules for Election of Directors were established on May 13, 2007.
The 1st amendment was made on June 13, 2008.
The 2nd amendment was made on June 26, 2018.
The 3rd amendment was made on June 23, 2026.	-	Add the number of amendments and the dates thereof.

37 -

Attachment VI

Articles of Incorporation

YEM CHIO CO., LTD.

Articles of Incorporation

Chapter 1: General Provisions

Article 1

The Corporation is a company limited by shares and incorporated in accordance with the Company Act, under the Chinese name 炎洲殷份有限公司 and English name YEM CHIO CO., LTD.

Article 2

The Company's line of business is as follows:

C802160 Manufacture of Adhesive Tapes
CA02990 Manufacture of Other Fabricated Metal Products Not Elsewhere Classified
C805010 Manufacture of Plastic Sheets, Pipes and Tubes
C805020 Manufacture of Plastic Films and Bags
C601040 Manufacture of Processed Paper
C802120 Industrial and Additive Manufacturing
C801010 Basic Chemical Industrial
C801020 Petrochemical Materials Manufacturing
C801030 Precision Chemical Material Manufacturing
C801990 Other Chemical Materials Manufacturing
C802990 Other Chemical Products Manufacturing
F109070 Wholesale of Cultural, Educational, Musical Instruments and Educational Entertainment Supplies
F107190 Wholesale of Plastic Films and Bags
F107200 Wholesale of Chemical Feedstock
F113050 Wholesale of Computers and Office Machines/Equipment
F401010 International Trade
H701010 Housing and Building Development and Rental
J101030 Waste Disposing
J101040 Waste Treatment
J901020 Hotels and Motels
D101060 Self-usage Power Generation Equipment Utilizing Renewable Energy
ZZ99999 All business items that are not prohibited or restricted by law, except those that are subject to special approval.

Article 3

The Company shall have its head office in Taipei City and may establish domestic and overseas

38 -

branches as required through board resolutions.

Article 4

Any and all public disclosures to be made by the Company shall be published in accordance with Article 28 of Company Act and SEC regulations.

The Company shall comply with these Regulations when making loans and endorsements/guarantees for others.

When the Company becomes a shareholder in a limited liability company after reinvestment, the total amount of its investments in such company shall not exceed forty percent of the amount of its own paid-up capital.

Chapter 2: Shares

Article 5

The total capital of the company is set at NT$10 billion, divided into one billion shares.

The amount per share is NT$10, and the Board of Directors is authorized to issue the shares in installments according to operational requirements.

Upon execution of the said agreement, NT$40 million is retained for the issuance of employee stock subscription warrants. There are a total of 400 million shares at NT$10 per share, which may be issued in installments in accordance with the resolution of the Board of Directors.

Article 5-1

The Company, which intends to repurchase its own shares and transfer shares to employees at less than the average actual share repurchase price, must have obtained the consent of at least two-thirds of the voting rights at the most recent shareholders' meeting attended by shareholders representing a majority of total issued shares. Such action can be processed after the aforementioned consent resolution.

Article 6

All Company shares are registered shares and the share certificates shall be affixed with the signatures or personal seals of directors representing the company, and shall be duly certified or authenticated by the bank authorized to certify shares under the law before issuance. For shares to be issued, the issuing company may be exempted from printing any share certificate; in that case, it should register the issued shares with a centralized securities depository enterprise and follow the regulations of that enterprise.

Article 7

The entries in its shareholders' roster shall not be altered within 60 days prior to the convening date of a regular shareholders' meeting, or within 30 days prior to the convening date of a special shareholders' meeting, or within 5 days prior to the target date set by the issuing company for distribution of dividends, bonuses or other benefits.

Chapter 3: Shareholders' Meeting

Article 8

There are two kinds of shareholders' meeting: (1) Regular meeting of shareholders to be held at least once a year and convened within six months after the close of each fiscal year, (2) Special meeting of

39 -

shareholders to be held when necessary

The company shall issue a notice convening a regular shareholders’ meeting to each shareholder no later than 30 days prior to the scheduled meeting date. In case the Company intends to convene a special shareholders’ meeting, a meeting notice shall be given to each shareholder no later than 15 days prior to the scheduled meeting date. The date, place, cause(s) or subject(s) of the shareholders’ meeting shall be indicated in the individual notice. The notice may, as an alternative, be sent electronically after obtaining prior consent from the recipient(s). The Company shall issue a public notice to shareholders holding less than one thousand registered shares.

Article 8-1

The Company’s shareholders meeting can be held by means of visual communication network or other methods promulgated by Ministry of Economic Affairs.

Article 9

Any shareholder who cannot attend a shareholders’ meeting for any reason may appoint a proxy to attend the meeting on his/her/its behalf by executing a power of attorney stating therein the scope of power authorized to the proxy. Such written proxy to the company shall comply with the “Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies” unless otherwise specified in Article 177 of the Company Act.

Article 10

Except restricted or as stipulated in Article 179-2 of the Company Act regarding no voting power, a shareholder shall have one voting power with respect to each share held.

Article 11

Resolutions at a shareholders' meeting shall, unless otherwise stipulated in the Article of Incorporation, be adopted by majority vote of all shareholders present, representing more than one-half of the total number of voting shares.

Article 11-1

Resolutions adopted at a shareholders' meeting shall be recorded in the minutes of the meeting in accordance with Article 183 of the Company Act.

Chapter 4: Directors

Article 12

The Company shall have 5 to 7 directors with a three-year term of office and elected through a candidate nomination system pursuant to Article 192-1 of the Company Act. The shareholders shall elect the directors from among the nominees listed in the roster of director-candidates and those eligible for re-election. The total shares of nominal stocks held by the entire body of either directors or supervisors of an issuer shall not be less than the specified percentage of its total issued shares. In accordance with Article 14-2 and Article 183 of the Securities and Exchange Act, there should be no less than 3 independent directors elected from among the directors specified in the previous Article, and the nomination method shall be conducted in accordance with Article 192-1 of the Company Act. The directors shall be elected by shareholders from among the nominees listed in the roster of

40 -

independent director-candidates and those eligible for re-election.

Article 12-1

In compliance with Articles 14-4 of the Securities and Exchange Act, the Company shall establish an Audit Committee composed of all independent directors. The provisions in the Company Act, Securities and Exchange Act and other laws and regulations pertaining to supervisors shall apply mutatis mutandis to the Audit Committee and members.

Article 13

The Board of Directors shall elect a chairman from among the directors by a majority vote of over two-thirds of directors attending the meeting. The chairman shall externally represent the Company and conduct all business affairs in accordance with the law and regulations, as well as resolutions passed at the Shareholders’ Meeting and Board Meetings.

Article 14

In case the chairman of the Board of Directors is on leave or absent or unable to exercise his/her power and authority for any reason, the substitute is assigned according to regulations of Article 208 of the Company Act.

Article 14-1

In case a director is on leave or absent or unable to exercise his/her power and authority for any reason and appoints another director to attend the board of directors’ meeting on his/her behalf, he/she shall, shall issue a written proxy and state therein the scope of authority with reference to the subjects to be discussed at the meeting. A director may accept an appointment to act as proxy for one director only, as specified in the preceding paragraph. The Board of Directors’ meeting shall be convened with a notice given to each director in writing or by fax/email.

Article 15

All board members conducting the Company’s business affairs shall be compensated based on the amount not exceeding 1% of the total net profit after tax of the preceding year. The compensation is determined by the Board of Directors, taking into account the extent and value of the services provided for the management of the Company and the standards of the same industry.

Chapter 5: Manager

Article 16

The company may have one or more managerial personnel; appointment, discharge and remuneration of managerial personnel shall be decided in accordance with Article 29 of the Company Act.

Chapter 6: Accounting

Article 17

At the close of each fiscal year, the Board of Directors shall prepare the statements and records, i.e., (1) the business report, (2) financial statements, and (3) surplus earning distribution or loss offset proposals; and shall forward the same to supervisors for ratification at the general shareholders’ meeting.

41 -

Article 18

A ratio of the profit for the current year distributable as employee compensation shall be specified at no less than 0.5%. No less than 50% of the said employee remuneration should be paid to junior employees.

However, the company’s accumulated losses should be covered and the amount of compensation hall firstly be retained for impairment loss, and afterwards, employees’ compensation shall be allocated based on preceding percentage.

A company may, through a resolution adopted by a majority vote at a Board of Directors’ meeting attended by two-thirds of the total number of directors, facilitate profit-sharing for employees and report such program at the shareholders’ meeting.

Article 19

The Company, when allocating its surplus (profit) after having paid all taxes and duties, shall first set aside ten percent of the said profit as legal reserve and the remaining profit as special reserve in accordance with Article 41 of the Securities and Exchange Act. Aside from the aforesaid legal reserve, the company may, under its Articles of Incorporation or by means of a shareholders’ resolution, allocate a certain amount as special reserve. At the same Board of Directors’ meeting, the Company may resolve to distribute the shares by issuing new shares or shares in the form of cash in compliance with Article 19-2 of the regulations.

When there is no purpose or reason for the preceding allocated special reserve, a certain proportion of the earnings shall be set aside as special reserve in accordance with the Articles of Incorporation, to be adopted as distributed earnings when reversal of the special reserve is added into the undistributed earnings.

Article 19-1

The industrial development of the Company is mature and steadily profitable, and financial structure is complete, so the company adopt a constant dividend policy. When allocating its surplus (profit), the Company shall first set aside legal and special reserves, with the balance distributed as stock dividends or cash dividends. The ratio of dividends paid in cash shall be set at 10% or more of common stock dividends.

Article 19-2

The Board of Directors is authorized to determine the allocation procedures for surplus and capital reserve distributed in cash or as stock dividends; such special resolution shall be submitted to the Board of Directors.

Chapter 7 Appendix

Article 20

With regard to all matters not specified in these Articles of Incorporation, the Company Act and relevant laws and regulations shall apply.

Article 21

These Articles of Incorporation were established on February 13, 1978.

The 1st amendment was made on October 13, 1979.
The 2nd amendment was made on October 30, 1981.
The 3rd amendment was made on May 20, 1987.
The 4th amendment was made on June 29, 1987.
The 5th amendment was made on December 1, 1988.
The 6th amendment was made on September 30, 1989.
The 7th amendment was made on July 21, 1990.
The 8th amendment was made on May 6, 1991.
The 9th amendment was made on March 23, 1992.
The 10th amendment was made on April 10, 1992.
The 11th amendment was made on May 20, 1993.
The 12th amendment was made on July 1, 1994.
The 13th amendment was made on May 4, 1995.
The 14th amendment was made on August 20, 1996.
The 15th amendment was made on March 19, 1997.
The 16th amendment was made on August 26, 1997.
The 17th amendment was made on December 23, 1997.
The 18th amendment was made on March 12, 1998.
The 19th amendment was made on June 22, 1998.
The 20th amendment was made on October 20, 1998.
The 21st amendment was made on December 10, 1998.
The 22nd amendment was made on May 30, 1999.
The 23rd amendment was made on June 10, 2000.
The 24th amendment was made on May 5, 2001.
The 25th amendment was made on June 22, 2002.
The 26th amendment was made on May 31, 2003.
The 27th amendment was made on May 15, 2004.
The 28th amendment was made on May 6, 2006.
The 29th amendment was made on May 12, 2007.
The 30th amendment was made on June 13, 2008.
The 31st amendment was made on June 19, 2009.
The 32nd amendment was made on June 25, 2010.
The 33rd amendment was made on June 24, 2011.
The 34th amendment was made on June 27, 2012.
The 35th amendment was made on June 28, 2013.
The 36th amendment was made on June 26, 2015.
The 37th amendment was made on June 28, 2016.
The 38th amendment was made on June 28, 2017.
The 39th amendment was made on June 26, 2018.
The 40th amendment was made on June 20, 2019.

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The 41st amendment was made on June 19, 2020.
The 42nd amendment was made on July 7, 2021.
The 43rd Amendment was made on June 17, 2022.
The 44th Amendment was made on June 21, 2024.
The 45th Amendment was made on June 20, 2025.

Attachment VII

Rules and Procedures of Shareholders' Meeting

YEM CHIO CO., LTD.

Rules and Procedures of Shareholders' Meeting

炎洲集團 YC GROUP

June 27, 2012

Approved for amendment by shareholders' meeting

The Company’s Shareholders' Meeting (the "Meeting") shall be conducted in accordance with the Rules and Procedures.
The shareholders in the Rules and Procedures refer to shareholders and proxy assigned by shareholders as their representatives in the shareholders’ roster.
The shareholders (or proxy) attending the meeting should complete the sign-in procedures, or may present an attendance card in lieu of signing the attendance book. The number of shares representing shareholders present at the meeting shall be calculated based on those indicated on the attendance book or attendance cards. The shareholders present in a shareholders’ meeting and their voting rights shall be calculated based on the number of shares. The Company may designate its lawyer, certified public accountant or other relevant persons to attend the shareholders’ meeting.
The chair shall call the meeting to order at the appointed time when the shareholders in attendance represent a majority of the total number of issued shares. However, if the shareholders present do not represent a majority of the total number of issued shares, the chair may announce a postponement, but not more than twice, for a combined total of at least one hour. If the quorum is not met after two postponements as referred to in the preceding paragraph, but the shareholders in attendance represent one third or more of the total number of issued shares, a tentative resolution may be adopted pursuant to Article 175 of the Company Act wherein the shareholders in attendance represent a majority of the total voting rights. When, prior to the conclusion of the meeting, the shareholders in attendance represent a majority of the total number of issued shares, the chair may call a meeting to order any time, and resubmit the tentative resolution for a vote at the shareholders’ meeting.
If a shareholders’ meeting is convened by the Board of Directors, a meeting agenda shall also be set. The meeting shall proceed according to the agenda, which may not be changed without a shareholders’ resolution.

The provisions of the preceding paragraph apply mutatis mutandis to a shareholders’ meeting convened by a party with the power to convene that is not the Board of Directors.

The chair may not declare the meeting adjourned prior to completing deliberation on the meeting agenda stated in the preceding two paragraphs (including extraordinary motions), with the exception of a shareholders’ resolution. If the chair declares the meeting adjourned in violation of the rules of procedure, the other members of the Board of Directors shall promptly facilitate the election of a new chair by a majority of the votes represented by shareholders present, and then continue with the

meeting. After concluding the meeting, the shareholders shall not elect another chairman to hold another meeting at the same place or any other venue.

5.1. If a shareholders’ meeting is convened by the Board of Directors, the chairperson of the board shall preside over the meeting. When the chairperson of the board is on leave or for any reason, is unable to exercise his/her powers as chairperson, the vice chairperson shall act as chair on his/her behalf; if the chairperson and the vice chairperson are both on leave or for any reason, are unable to preside over the meeting, the chairperson shall appoint one of the directors to act as chair, or, if the chairperson does not make such a designation, the directors shall select from among themselves one person to serve as chair.

If a shareholders’ meeting is convened by a party with power to convene, but other than the Board of Directors, the convening party shall chair the meeting. When there are two or more convening parties, they shall mutually select a chair from among themselves.

Before speaking, a shareholder in attendance must specify on a speaker's slip the subject of his/her speech, as well as shareholder account number (or attendance card number) and account name. The order in which shareholders speak shall be set by the chair. A shareholder in attendance who has submitted a speaker's slip but does not actually speak shall be deemed to have not spoken. When the content of the speech does not correspond to the subject given on the speaker's slip, the spoken content shall prevail. When a shareholder is speaking, other shareholders may not speak or interrupt unless they have sought and obtained the consent of the chair and the shareholder that has the floor; the chair shall stop any violation.
When a shareholder is speaking, a single speech may not exceed 5 minutes. Except with the consent of the chair, the speech can be postponed for another three minutes, but not more than twice.
A shareholder may not speak more than twice on the same proposal, and if the shareholder's speech violates the rules or exceeds the scope of the agenda item, the chair may stop the speech.
After a shareholder’s speech, the chairman may personally designate a person to respond on his/her behalf. When the chairman considers a discussion before any motion for resolution, he or she may announce the suspension of the discussion and submit the motion for resolution.
Except as otherwise provided in the Company Act and in the Company's Articles of Incorporation, the passage of a proposal shall require an affirmative majority vote represented by shareholders in attendance. The resolution shall be deemed approved and voted on by the Board with all directors present at the meeting, without raising any objection when the Chairperson releases relevant resolutions for approval.

10.1 The persons who supervise the casting of votes and counting thereof of resolutions shall be designated by the chairman, provided, however, that the person supervising the casting of votes shall be a shareholder. The results of the resolution(s) shall be announced at the meeting and recorded in the meeting minutes.

10.2 When there is an amendment or an alternative to a proposal, the chair shall present the amended or alternative proposal together with the original proposal and decide the order in which they will be put to a vote. When any one of them is passed, the other proposals shall be deemed rejected and no further voting is required.

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10.3 Matters relating to the resolutions of a shareholders' meeting shall be recorded in the meeting minutes and conducted in accordance with Article 183 of the Company Act.

A shareholder shall have one voting power with respect to each share he/she/it holds. When the government or juristic person is a shareholder, its proxy shall not be limited to one person, provided that the voting right that may be exercised shall be calculated on the basis of the total number of voting shares it holds. In case the aforesaid proxies are two persons or more, they shall jointly exercise their voting rights.
A shareholder may appoint a proxy to attend a shareholders' meeting on his/her/its behalf by executing a power of attorney stating therein the scope of power granted to the proxy.

A shareholder may only execute one power of attorney and appoint one proxy, issuing such written proxy to the company no later than 5 days prior to the meeting date of the shareholders' meeting. In case two or more written proxies are received from one shareholder, the first one received by the company shall prevail, unless an explicit statement revoking the previous written proxy is made later on.

After executing the power of attorney, the shareholder issuing the said proxy then decides to attend the shareholders' meeting in person, a proxy rescission notice should be filed with the company at least 1 day prior to the date of the shareholders' meeting so as to rescind the proxy; otherwise, the voting power exercised by the authorized proxy at the meeting shall prevail.

Except for trust enterprises or stock agencies approved by the competent authority, the number of voting power of a person who acts as proxy for two or more shareholders shall not exceed $3\%$ of the total number of voting shares of the company; otherwise, the extra voting power shall not be counted.

A shareholder who has a personal interest in the matter under discussion at a meeting, which may impair the interest of the company, shall neither vote nor exercise his/her voting right on behalf of another shareholder.
When a meeting is in progress, the chair may announce a break based on time considerations.
Under any circumstances, if a shareholders' meeting cannot be held or motions cannot be continued, the Board of Directors can have the meeting suspended in 5 days or resumed in accordance with Article 182 of the Company Act to.

15-1. When a shareholder violates the rules of procedure and defies the chair's warning, obstructing the proceedings and refusing to heed calls to stop, the chair may direct proctors or security personnel to escort the shareholder out of the meeting venue. While maintaining order during the meeting, proctors or security personnel shall wear identification armbands bearing the word "Proctor."

Any matter not provided in the Rules and Procedures shall be handled in accordance with the Company Act, Articles of Incorporation and any other relevant laws and regulations.
These Rules and Procedures shall be effective from the date of shareholders' approval. The same rules apply to revisions.
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Attachment VIII

Rules for Election of Directors

炎洲集團

YC GROUP

YEM CHIO CO., LTD.

Procedures for Election of director

June 26, 2018

Amendments approved by the shareholders meeting

Article 1

Except as otherwise provided by law and regulation or by the Corporation's articles of incorporation, elections of directors of the Company shall be conducted in accordance with these Procedures.

Article 2

Elections of directors of the Company shall be conducted at the shareholders' meeting.

Article 3

The method of elections of directors of the Company is single-registered cumulative election.

Article 4

If the company has independent directors, the election of independent directors shall be limited to legal persons or their representatives not specified in Article 27 of the Company Act, shall comply with the regulations of "Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies".

Article 5

The board of directors of the company shall be elected by the shareholders' meeting from among the persons with disposing capacity. The term of office of a director is three years, but he/she may be eligible for re-election. There shall be more than half of the directors, and there shall be at least one director, and shall not have one of the following relationships:

A spousal relationship.
A familial relationship within the second degree of kinship.

Article 6

Each share will have voting rights in number equal to the directors to be elected.

Article 7

The number of directors will be as specified in the Company's articles of incorporation. If there are independent directors, the independent directors and non-independent directors shall be elected together with voting rights separately calculated. Those receiving ballots representing the highest numbers of voting rights will be elected sequentially according to their respective numbers of votes. When two or more persons receive the same number of votes, thus exceeding the specified number of positions, they shall draw lots to determine the winner, with the chair drawing lots on behalf of any person not in attendance. When the original selectees of director do not meet the conditions of the Article 5-2 of the procedures, determination of which directors are elected shall be made

according to the following provisions: When there are some among the directors who do not meet the conditions, the election of the director receiving the lowest number of votes among those not meeting the conditions shall be deemed invalid.

Independent directors and non-independent directors shall be elected at the same time, and independent directors and non-independent directors shall be calculated separately when elected.

Article 8

The Company shall prepare separate ballots for directors in numbers corresponding to the directors to be elected. The number of voting rights associated with each ballot shall be specified on the ballots, which shall then be distributed to the attending shareholders at the shareholders meeting. Attendance card numbers printed on the ballots may be used instead of recording the names of voting shareholders.

Article 9

Before the election begins, the chair needs to appoint several vote monitoring personnel and counting personnel to perform the respective duties of vote monitoring and counting. The vote monitoring personnel shall with shareholder status.

Article 10

For the election of directors, the ballot boxes shall be prepared by the company and elect together, and publicly checked by the vote monitoring personnel before voting commences.

Article 11

If a candidate is a shareholder, a voter must enter the candidate's account name and shareholder account number in the "candidate" column of the ballot; for a non-shareholder, the voter shall enter the candidate's full name and identity card. However, when the candidate is a governmental organization or juristic-person shareholder, the name of the governmental organization or juristic-person shareholder shall be entered in the column for the candidate's account name in the ballot paper, or both the name of the governmental organization or juristic-person shareholder and the name of its representative may be entered. When there are multiple representatives, the names of each respective representative shall be entered.

Article 12

A ballot is invalid under any of the following circumstances:

The ballot was not prepared by the Company.
A blank ballot is placed in the ballot box.
The writing is unclear and indecipherable or has been altered.
The candidate whose name is entered in the ballot is a shareholder, but the candidate's account name and shareholder account number do not conform with those given in the shareholder register, or the candidate whose name is entered in the ballot is a non-shareholder, and a cross-check shows that the candidate's name and identity card number do not match.
Other marks or graphics are entered in addition to the candidate's account name (or name of the person) or shareholder account number (or identity card number) and the number of voting rights allotted.
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The name of the candidate entered in the ballot is identical to that of another shareholder, but no shareholder account number or identity card number is provided in the ballot to identify such individual.
The ballots that have not been put into the ballot box.
The number of candidates filled in exceeds the specified quota.
Matters that should be recorded in Article 9 but are not fully recorded.
The total number of voting rights to vote by the voting shareholders exceeds the total number of voting rights held.

Article 13

The voting rights shall be calculated on site immediately after the end of the poll, and the results of the calculation and the list of persons elected shall be announced by the chair on the site.

Article 14

These Procedures, and any amendments hereto, shall be implemented after approval by a shareholders meeting.

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炎洲集團

YC GROUP

Attachment IX

Shareholdings of All Directors

YEM CHIO CO., LTD

Shareholdings of All Directors

The paid-in capital stock of the Company is NT$6,767,572,160 and the total number of issued shares are 676,757,216 shares.
Pursuant to Article 26 in the Securities and Exchange Act, the minimum shareholdings by all board directors shall be 21,656,230 shares. The Company has set up an Audit and Risk Committee in accordance with the Act, and the provisions on the minimum percentage requirements for the shareholdings of supervisors in the preceding two paragraphs shall not apply.
As of the book closure date reported at the shareholders' meeting (April 25, 2026), the number of shares held by directors individually and by the entire body thereof, recorded in the shareholder register are as follows:

Title	Name	Shareholding s o closing date	Percentage %
Chairman	INGS CHYUANG INTERNATIONAL CO., LTD. Chairman: Lee, Su-Wei	43,603,815	6.44%
Director	INGS CHYUANG INTERNATIONAL CO., LTD : Lee, Chi-Cheng
Director	ASIA PLASTICS CO., LTD. : Lin, Si-Shan	54,033,893	7.98%
Director	ASIA PLASTICS CO., LTD. : Fang, Shu-Fen
Independent Director	Chen, Yen-Chun	0	0%
Independent Director	Hung, Jung-Ting	0	0%
	Total	97,637,708	14.43%

Note: In compliance with Article 2: “Rules and Review Procedures for Director and Supervisor Share Ownership Ratios in Public Companies”. If a public company has elected two or more independent directors, the share ownership figures calculated at the rates set forth in the preceding paragraph for all directors other than independent directors, shall be decreased by 20 percent.

AI assistant

YC — AGM Information 2026

52391_rns_2026-05-22_d696957c-2fa5-455d-a7b0-6d272d5ea367.pdf

炎洲集團 YC GROUP

YEM CHIO CO., LTD.

2026 Annual Shareholders’ Meeting

Meeting Agenda

Table of Contents

2. Meeting Agenda

3. Report Items

Proposal 6: 2025 Report on receiving of remuneration by directors

Description:

4. Matters for Ratification

5. Matters for Discussion

6. Matters for Election

9. Appendix

Business report

I. Operating Performance in 2025

(I) Business plan implementation results

(II) Consolidated business results summary (Unit: NT$ thousand)

(III) Financial Revenue and Expenditure and Profitability analysis

Income:

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

Opinion

Basis for Opinion

Key Audit Matters

Valuation of inventory

Valuation of investment property

Other matter

Responsibilities of Management and Those Charged with Governance for the Parent Company Only Financial Statements

Auditors' Responsibilities for the Audit of the Parent Company Only Financial Statements

Notice to Readers

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

Opinion

Basis for Opinion

Key Audit Matters

Valuation of inventory

Valuation of investment property

Other matter

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

Auditors' Responsibilities for the Audit of the Consolidated Financial Statements

Others

Notice to Readers

Article 4

Chapter 2: Shares

Article 5

Article 5-1

Article 6

Article 7

Chapter 3: Shareholders' Meeting

Article 8

YEM CHIO CO., LTD.

Procedures for Election of director

Shareholdings of All Directors

YEM CHIO CO., LTD

Shareholdings of All Directors

More from YC

YC AGM Information 2026