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Y.C.C. AGM Information 2026
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AGM Information
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Y.C.C. Parts MFG Co., Ltd.
2026 The First Shareholders’ Meeting
Each Report Item and Explanation
Matters for Recognition
Proposal 1
Subject: Ratification of the 2025 business report and financial statements.
Description:
I. The Company’s 2025 business report and financial statements have been audited by CPAs and reviewed by the Audit Committee with no discrepancies noted.
II. Please refer to pages 4 to 32 (Attachments I to III) of this handbook for the business report, auditor’s report, and financial statements.
III. Submitted for ratification.
Resolutions:
Proposal 2
Subject: Ratification of the 2025 earnings distribution.
Description:
I. The Company’s net income after tax for 2025, together with other items included in current-year undistributed earnings, amounted to NT$184,999,595. After appropriating 10% as a legal reserve (NT$18,499,960) and NT$40,120,337 as a special reserve, distributable earnings totaled NT$1,614,080,583. The proposed distribution is as follows:
II. Cash dividends of NT$185,309,688, at NT$2.5 per share. The Chairman is authorized by the Board to determine the ex-dividend date and related matters.
III. Cash dividends shall be distributed down to whole NT dollars, and fractional amounts shall be recognized as other income.
IV. If the number of outstanding shares changes (e.g., share buyback, treasury share transfer or cancellation, capital increase), the Chairman is authorized to adjust the dividend distribution ratio.
V. Please refer to page 33 (Attachment IV) for the earnings distribution table.
VI. Submitted for ratification.
Resolutions:
Discussion Items
Proposal 1
Subject: Amendments to certain provisions of the Company’s “Procedures for Acquisition or Disposal of Assets.”
Description:
I. Amendments to certain provisions of the Company’s “Procedures
for Acquisition or Disposal of Assets" are made in accordance with Jin-Guan-Zheng-Fa-Zi No. 1140383333 dated July 24, 2025.
II. The amended procedures, upon approval by the Board, shall be submitted to the shareholders' meeting for approval; the same applies to future amendments.
III. Details are provided in Attachment VI.
IV. Submitted for discussion.
Resolutions:
Proposal 2
Subject: Proposal to release the non-compete restrictions on the Company's directors and their representatives
Description:
I. In accordance with Article 209 of the Company Act, a director engaging in activities within the Company's business scope for themselves or others must disclose key details and obtain approval from the shareholders' meeting.
II. To meet business needs, it is proposed to lift the non-compete restrictions on directors and their representatives acting as directors, allowing them to engage in business activities similar to those listed in the Company's Articles of Incorporation. This proposal will be submitted to the 2026 shareholders' meeting for resolution.
III. Approved by the Board of Directors and submitted for discussion.
IV. Please proceed to discuss.
| Director | Status of Release Non-Compete Restrictions |
|---|---|
| Hao-Chen Lin | Director, Changshu Fort Automotive Trim Co., Ltd. Supervisor, Liaoning Hetai Automotive Parts Co., Ltd. Director, Changjie Technology Co., Ltd. |
| Shih-Yun Lin | Director of China First Holdings Limited Director, Changshu Fort Automotive Trim Co., Ltd. Director, LIAONING HETAI AUTOMOTIVE PARTS CO., LTD. Chairman, Changjie Technology Co., Ltd. |
| Jui-Tse Lin | Director, Huayuan Holding Co., Ltd. Director, Changshu Fort Automotive Trim Co., Ltd. Director, LIAONING HETAI AUTOMOTIVE PARTS CO., LTD. Director, Changjie Technology Co., Ltd. Director, Gordon Auto Body Parts Co., Ltd. |
| Shu-Mei Liu | Chairman, Changshu Fort Automotive Trim Co., Ltd. Chairman, LIAONING HETAI AUTOMOTIVE PARTS CO., LTD. Director, Changjie Technology Co., Ltd. |
3
| Jo-Ning Huang | Supervisor, Changshu Fort Automotive Trim Co., Ltd.
Gordon Auto Body Parts Co., Ltd. Changjie Technology Co., Ltd.
Director, Weiersi Biotech Ltd. |
| --- | --- |
| Yi-Hung Lin, | Director, Huayuan Holding Co., Ltd.
Director, Changshu Fort Automotive Trim Co., Ltd.
Director, LIAONING HETAI AUTOMOTIVE PARTS CO., LTD.
Director, Changjie Technology Co., Ltd.
Director, Gordon Auto Body Parts Co., Ltd.
Chairman, Weiersi Biotech Ltd. |
| Heng-Jiang Huang | Independent Director, HEALTH & LIFE CO., LTD. |
Resolutions:
Six. Extempore Motion
Seven. Adjournment
Attachment 1
2025 Business Report
Good morning, distinguished shareholders:
Welcome to the Company’s 2026 Annual General Shareholders’ Meeting. On behalf of the Board of Directors and all employees, we would like to express our sincerest respect and gratitude for your long-term support and trust.
I. Automotive Components Business
In the first quarter of 2025, the Company’s automotive components business delivered strong performance, driven by growing demand in the North American market. In particular, benefiting from State Farm’s expanded adoption of AM parts in its claims policy, total revenue reached NT$416 million, a record high for the same period, representing a year-over-year increase of 15%.
However, beginning in the second quarter, the 25% tariff imposed by the United States on imported automotive parts compressed importers’ profit margins. In addition, some customers shifted procurement to domestic U.S. supply chains, leading to more conservative short-term order momentum.
Looking ahead to 2026, following the official signing of the Taiwan-U.S. trade agreement, U.S. import tariffs on Taiwanese goods have been reduced to 15% without cumulative application, which is expected to enhance the competitiveness of the Company’s AM business and create new growth opportunities.
II. Health Food Business
In 2025, the health food business primarily focused on OEM manufacturing of two dosage forms: soft capsules and photogenic capsules. Annual revenue increased slightly compared to 2024.
Looking ahead to 2026, the Company will continue to invest in the development of multi-dosage production lines, including:
- Powder sachets, liquid, jelly sticks, and glass bottles
By improving production utilization and quality stability, expanding the scope of OEM services, and diversifying product dosage forms, the Company aims to establish multiple dosage formats as key drivers of future growth in the health food business.
III. Future Outlook
In response to global supply chain restructuring and evolving market conditions, the Company will
continue to:
- Strengthen its presence in the North American AM market
- Enhance manufacturing efficiency and quality competitiveness
- Expand multi-dosage production capacity for health food products
- Actively develop new customers and new products
With a focus on prudent operations and long-term growth, the Company remains committed to maximizing shareholder value.
Finally, we would like to once again thank all shareholders for your long-standing support and encouragement. We sincerely welcome your continued guidance and advice.
2025 Business Results
(I) Results of the implementation of the 2025 business plan
The Company's consolidated operating revenue for 2025 was NT$1,661,178 thousand, a decrease of 14.02% from NT$1,932,091 thousand in 2024. Consolidated profit before tax for 2025 was NT$240,967 thousand, consolidated net income was NT$170,347 thousand, and consolidated total comprehensive income was NT$134,910 thousand. Basic earnings per share after tax were NT$2.41.
(II) Budget implementation: The Company did not publish financial forecasts for 2025.
(III) Financial position and profitability analysis
| Itemst | Year | 2025 | 2024 | |
|---|---|---|---|---|
| Financial structure (%) | Ratio of liabilities to assets | 17.96 | 17.99 | |
| Ratio of long-term capital to fixed assets | 146.11 | 155.10 | ||
| Profitability (%) | Return on assets | 3.49 | 6.92 | |
| Return on equity | 4.11 | 8.62 | ||
| Ratio of income before tax to paid-in capital | Operating profit | 36.67 | 54.22 | |
| Net income before tax | 32.51 | 73.42 | ||
| Net profit rate | 10.25 | 18.38 | ||
| Earnings per share (NT$) | 2.41 | 5.01 |
(III) Research and development
Actively develop automation-related equipment to progressively reduce labor requirements and enhance product quality stability on production lines.
Continue to introduce automated process improvements to reduce labor costs and mitigate
the impact of declining birth rates, while optimizing equipment, increasing production capacity, and improving yield rates. Going forward, the Company will continue to procure new equipment and upgrade existing facilities to incorporate smart technologies and automation functions, advancing toward Industry 4.0.
Chairman: Hao-Chen Lin, He Han Investment Co., Ltd.
General Manager: Ruey-Ze Lin
Accounting Officer: Shu-Mei Liu
Attachment 2
Audit Committee Report
The Audit Committee has approved the Company’s 2025 financial statements, business report, and earnings distribution proposal, which were subsequently resolved by the Board of Directors. The Company’s 2025 financial statements were further audited by PricewaterhouseCoopers, which issued an unqualified opinion.
The Audit Committee is responsible for supervising the Company’s financial reporting process.
The certifying CPAs audited the Company’s 2025 financial statements and communicated the following matters with the Audit Committee:
- CPAs’ responsibilities for the audit of the financial statements
- Scope and period of the audit
- Major accounting estimates and accounting principles
- Material findings in the audit
- Statement of independence
- Key Audit Matters
- Eligibility Assessment
The Company’s 2025 financial statements, business report, and earnings distribution proposal, as approved by the Audit Committee and resolved by the Board of Directors, comply with relevant laws and regulations. Accordingly, this report is submitted in accordance with Article 219 of the Company Act.
Yours sincerely,
For
2026 Annual General Meeting of Shareholders
Y.C.C. PARTS MFG. CO., LTD
Audit Committee Convener:
Chiu-Ling Shih Heng-Jiang Huang Lung-Fa Hsieh Kuo-Hua Chang
March 5, 2026
Attachment 3
INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE
To the Board of Directors and Shareholders of Y.C.C. Parts Mfg. Co., Ltd.
Opinion
We have audited the accompanying consolidated balance sheets of Y.C.C. Parts Mfg. Co., Ltd. and subsidiaries (the "Group") as at December 31, 2025 and 2024, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.
Basis for opinion
We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and 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.
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Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Group’s 2025 consolidated financial statements. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.
Key audit matters for the Group’s 2025 consolidated financial statements are stated as follows:
Cut-off of sales revenue recognition
Description
For the accounting policy of revenue recognition, please refer to Note 4(28); and for details of operating revenue, please refer to Note 6(20). The Group is primarily engaged in manufacturing and trading automobile parts. Sale revenue is recognised when the control over the goods was transferred under the transaction terms.
The sales revenue recognition involves the use of several manual judgments and procedures. As a result, the timing of sales revenue recognition may be inappropriate. Therefore, we included the cut-off of sales revenue recognition as one of the key areas of focus for this year.
How our audit addressed the matter
Our audit procedures in relation to the above key audit matter included:
- Understanding and evaluating the operating procedures and internal controls over sales revenue, and assessing the effectiveness on how the management controls the timing of recognizing sales revenue.
- Examined the transaction documents to ensure that transactions had been recorded in the proper period for a certain period around the balance sheet date.
Assessment of allowance for inventory valuation loss
Description
For the accounting policy of inventory assessment, please refer to Note 4(14); for accounting estimates and assumption uncertainty in relation to inventory valuation, please refer to Note 5; and for details of allowance for inventory valuation losses, please refer to Note 6(5).
As of December 31, 2025, the balances of inventories and allowance for inventory valuation losses were NT$ 379,243 thousand and NT$ 33,500 thousand, respectively.
Inventories that are over a certain age and separately recognised as impaired inventories are stated at the lower of cost and net realisable value. Those inventory items separately identified as obsolete and damaged are corroborated against supporting documents in recognising valuation losses. Considering that the Group’s inventories were material to its financial statements, and the determination of net realisable value as at balance sheet date involved judgments and estimates, we identified the assessment of allowance for inventory valuation losses a key audit matter.
How our audit addressed the matter
Our audit procedures in relation to the above key audit matter included:
- Obtained an understanding of the nature of the Group’s business and industry and assessed the reasonableness of provision policies in the determination of allowance for inventory valuation losses.
- Reviewed the Group’s annual counting plan and conducted their physical counts on inventories to evaluate the control effectiveness on inventory classification.
- Obtained the Group’s inventory aging report and verified dates of movements with supporting documents. Ensured the proper categorisation of inventory aging report in accordance with the Group’s policy.
- Obtained the net realisable value statement of each inventory, assessed whether the estimation policy was consistently applied, tested the estimation basis of the net realisable value with relevant information, including verifying the sales and purchase prices with supporting evidence, and recalculated and evaluated the reasonableness of the inventory valuation.
Other matter – Parent company only financial reports
We have audited and expressed an unqualified opinion on the parent company only financial statements of Y.C.C. Parts Mfg. Co., Ltd. as at and for the years 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 Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission, 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 the audit committee, are responsible for overseeing the Group's financial reporting process
Auditors' responsibilities for the audit of the consolidated financial statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 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 Group’s internal control.
-
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 Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our 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 disclosures, 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.
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.
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We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period 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.
Lai, Chih-Wei
Wang, Yu-Chuan
For and on behalf of PricewaterhouseCoopers, Taiwan
March 5, 2026
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 generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and independent auditors' report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.
As the financial statements are the responsibility of the management, PricewaterhouseCoopers Taiwan 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.
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Y.C.C. PARTS MFG. 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 | $ 613,253 | 12 | $ 561,073 | 11 | |
| 1110 | Financial assets at fair value through profit or loss - current | 112,791 | 2 | 136,325 | 3 | |
| 1136 | Current financial assets at amortised cost | - | - | 29,167 | 1 | |
| 1150 | Notes receivable, net | 17,636 | 1 | 24,909 | - | |
| 1170 | Accounts receivable, net | 315,890 | 6 | 417,199 | 8 | |
| 1200 | Other receivables | 5,387 | - | 3,226 | - | |
| 1220 | Current tax assets | 8 | - | - | - | |
| 130X | Inventories | 345,743 | 7 | 308,794 | 6 | |
| 1470 | Other current assets | 53,863 | 1 | 38,221 | 1 | |
| 11XX | Current Assets | 1,464,571 | 29 | 1,518,914 | 30 | |
| Non-current assets | ||||||
| 1517 | Non-current financial assets at fair value through other comprehensive income | 132,121 | 3 | 127,432 | 2 | |
| 1535 | Non-current financial assets at amortised cost | 1,450 | - | 300 | - | |
| 1600 | Property, plant and equipment | 2,957,340 | 59 | 2,916,174 | 57 | |
| 1755 | Right-of-use assets | 139,287 | 3 | 145,486 | 3 | |
| 1760 | Investment property, net | 93,043 | 2 | 94,006 | 2 | |
| 1780 | Intangible assets | 2,333 | - | 3,115 | - | |
| 1840 | Deferred income tax assets | 93,122 | 2 | 94,464 | 2 | |
| 1900 | Other non-current assets | 121,277 | 2 | 212,999 | 4 | |
| 15XX | Non-current assets | 3,539,973 | 71 | 3,593,976 | 70 | |
| 1XXX | Total assets | $ 5,004,544 | 100 | $ 5,112,890 | 100 |
(Continued)
Y.C.C. PARTS MFG. 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 | ||||||
| 2130 | Current contract liabilities | $ 3,314 | - | $ 8,800 | - | |
| 2150 | Notes payable | 110,816 | 2 | 116,187 | 3 | |
| 2170 | Accounts payable | 65,560 | 1 | 63,949 | 1 | |
| 2200 | Other payables | 185,598 | 4 | 165,158 | 3 | |
| 2230 | Current income tax liabilities | 73,325 | 2 | 93,206 | 2 | |
| 2280 | Current lease liabilities | 5,469 | - | 5,272 | - | |
| 2320 | Long-term liabilities, current portion | 148,046 | 3 | 136,815 | 3 | |
| 2399 | Other current liabilities, others | 91,521 | 2 | 651 | - | |
| 21XX | Current Liabilities | 683,649 | 14 | 590,038 | 12 | |
| Non-current liabilities | ||||||
| 2540 | Long-term borrowings | 163,396 | 3 | 311,489 | 6 | |
| 2560 | Current tax liabilities-non-current | 29,325 | 1 | 969 | - | |
| 2570 | Deferred income tax liabilities | 9,379 | - | 1,378 | - | |
| 2580 | Non-current lease liabilities | 9,900 | - | 12,083 | - | |
| 2600 | Other non-current liabilities | 3,231 | - | 3,807 | - | |
| 25XX | Non-current liabilities | 215,231 | 4 | 329,726 | 6 | |
| 2XXX | Total Liabilities | 898,880 | 18 | 919,764 | 18 | |
| Equity attributable to owners of parent | ||||||
| Share capital | ||||||
| 3110 | Share capital - common stock | 741,239 | 15 | 741,239 | 14 | |
| Capital surplus | ||||||
| 3200 | Capital surplus | 1,193,369 | 24 | 1,193,369 | 24 | |
| Retained earnings | ||||||
| 3310 | Legal reserve | 465,175 | 9 | 427,883 | 8 | |
| 3320 | Special reserve | 80,622 | 2 | 94,043 | 2 | |
| 3350 | Unappropriated retained earnings | 1,672,702 | 34 | 1,733,942 | 34 | |
| Other equity interest | ||||||
| 3400 | Other equity interest | ( 120,743) | ( 3) | ( 80,622) | ( 2) | |
| 31XX | Equity attributable to owners of the parent | 4,032,364 | 81 | 4,109,854 | 80 | |
| 36XX | Non-controlling interests | 73,300 | 1 | 83,272 | 2 | |
| 3XXX | Total equity | 4,105,664 | 82 | 4,193,126 | 82 | |
| Significant contingent liabilities and unrecognised contract commitments | ||||||
| 3X2X | Total liabilities and equity | $ 5,004,544 | 100 | $ 5,112,890 | 100 |
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Y.C.C. PARTS MFG. CO. LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2023 AND 2024
(Expressed in thousands of New Taiwan dollars, except earnings per share amounts)
| Items | Notes | Year ended December 31 | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| AMOUNT | % | AMOUNT | % | |||
| 4000 | Sales revenue | $ 1,661,178 | 100 | $ 1,932,091 | 100 | |
| 5000 | Operating costs | ( 1,085,818) | ( 66) | ( 1,241,874) | ( 65) | |
| 5900 | Net operating margin | 575,360 | 34 | 690,217 | 35 | |
| Operating expenses | ||||||
| 6100 | Selling expenses | ( 116,213) | ( 7) | ( 153,741) | ( 8) | |
| 6200 | General and administrative expenses | ( 108,282) | ( 6) | ( 116,430) | ( 6) | |
| 6300 | Research and development expenses | ( 79,295) | ( 5) | ( 70,066) | ( 4) | |
| 6450 | Impairment gain determined in accordance with IFRS 9 | 230 | - | 12,645 | 1 | |
| 6000 | Total operating expenses | ( 303,560) | ( 18) | ( 327,592) | ( 17) | |
| 6900 | Operating profit | 271,800 | 16 | 362,625 | 18 | |
| Non-operating income and expenses | ||||||
| 7100 | Interest income | 20,031 | 1 | 23,287 | 1 | |
| 7010 | Other income | 45,824 | 3 | 55,898 | 3 | |
| 7020 | Other gains and losses | ( 88,677) | ( 5) | 46,422 | 3 | |
| 7050 | Finance costs | ( 8,011) | ( 1) | ( 12,011) | ( 1) | |
| 7000 | Total non-operating revenue and expenses | ( 30,833) | ( 2) | 113,596 | 6 | |
| 7900 | Profit before income tax | 240,967 | 14 | 476,221 | 24 | |
| 7950 | Income tax expense | ( 70,620) | ( 4) | ( 121,186) | ( 6) | |
| 8200 | Profit for the year | $ 170,347 | 10 | $ 355,035 | 18 | |
| Other comprehensive income | ||||||
| Components of other comprehensive income that will not be reclassified to profit or loss | ||||||
| 8311 | Other comprehensive income, before tax, actuarial gains (losses) on defined benefit plans | $ 7,596 | - | $ 1,622 | - | |
| 8316 | Unrealized gains (losses) on investments in equity instruments measured at fair value through other comprehensive income | ( 39,855) | ( 2) | ( 867) | - | |
| 8349 | Income tax related to components of other comprehensive income that will not be reclassified to profit or loss | ( 1,516) | - | ( 324) | - | |
| 8310 | Components of other comprehensive income that will not be reclassified to profit or loss | ( 33,775) | ( 2) | 431 | - | |
| Components of other comprehensive income that will be reclassified to profit or loss | ||||||
| 8361 | Financial statements translation differences of foreign operations | ( 1,662) | - | 18,051 | 1 | |
| 8360 | Components of other comprehensive income that will be reclassified to profit or loss | ( 1,662) | - | 18,051 | 1 | |
| 8300 | Total other comprehensive (loss) income for the year | ($ 35,437) | ( 2) | $ 18,482 | 1 | |
| 8500 | Total comprehensive income for the year | $ 134,910 | 8 | $ 373,517 | 19 | |
| Profit (loss), attributable to: | ||||||
| 8610 | Owners of parent | $ 178,923 | 11 | $ 371,612 | 19 | |
| 8620 | Non-controlling interests | ( 8,576) | ( 1) | ( 16,577) | ( 1) | |
| Total | $ 170,347 | 10 | $ 355,035 | 18 | ||
| Comprehensive income (loss) attributable to: | ||||||
| 8710 | Owners of parent | $ 144,882 | 9 | $ 386,331 | 20 | |
| 8720 | Non-controlling interests | ( 9,972) | ( 1) | ( 12,814) | ( 1) | |
| Total | $ 134,910 | 8 | $ 373,517 | 19 | ||
| Basic earnings per share | ||||||
| 9750 | Basic earnings per share | $ 2.41 | $ 5.01 | |||
| 9850 | Diluted earnings per share | $ 2.41 | $ 5.00 |
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Y.C.C. PARTS MFG. CO. LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
Equity attributable to owners of the parent
| Notes | Share capital - common stock | Capital surplus, additional paid-in capital | Retained earnings | Other equity interest | Total | Non-controlling interests | Total equity | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||
| Year 2024 | |||||||||||
| Balance at January 1, 2024 | $ 741,239 | $1,193,349 | $ 383,999 | $ 109,142 | $1,612,189 | ($ 93,807) | ($ 236) | $3,945,875 | $ 96,086 | $4,041,961 | |
| Profit (loss) for the year | - | - | - | - | 371,612 | - | - | 371,612 | ( 16,577) | 355,035 | |
| Other comprehensive income (loss) | - | - | - | - | 1,298 | 14,288 | ( 867) | 14,719 | 3,763 | 18,482 | |
| Total comprehensive income (loss) | - | - | - | - | 372,910 | 14,288 | ( 867) | 386,331 | ( 12,814) | 373,517 | |
| Appropriation and distribution of 2023 earnings | |||||||||||
| Legal reserve | - | - | 43,884 | - | ( 43,884) | - | - | - | - | - | |
| Special reserve | - | - | - | ( 15,099) | 15,099 | - | - | - | - | - | |
| Cash dividends | - | - | - | - | ( 222,372) | - | - | ( 222,372) | - | ( 222,372) | |
| Donated assets | - | 20 | - | - | - | - | - | 20 | - | 20 | |
| Balance at December 31, 2024 | $ 741,239 | $1,193,369 | $ 427,883 | $ 94,043 | $1,733,942 | ($ 79,519) | ($ 1,103) | $4,109,854 | $ 83,272 | $4,193,126 | |
| Year 2025 | |||||||||||
| Balance at January 1, 2025 | $ 741,239 | $1,193,369 | $ 427,883 | $ 94,043 | $1,733,942 | ($ 79,519) | ($ 1,103) | $4,109,854 | $ 83,272 | $4,193,126 | |
| Profit (loss) for the year | - | - | - | - | 178,923 | - | - | 178,923 | ( 8,576) | 170,347 | |
| Other comprehensive income (loss) | - | - | - | - | 6,080 | ( 266) | ( 39,855) | ( 34,041) | ( 1,396) | ( 35,437) | |
| Total comprehensive income (loss) | - | - | - | - | 185,003 | ( 266) | ( 39,855) | 144,882 | ( 9,972) | 134,910 | |
| Appropriation and distribution of 2025 earnings | |||||||||||
| Legal reserve | - | - | 37,292 | - | ( 37,292) | - | - | - | - | - | |
| Special reserve | - | - | - | ( 13,421) | 13,421 | - | - | - | - | - | |
| Cash dividends | - | - | - | - | ( 222,372) | - | - | ( 222,372) | - | ( 222,372) | |
| Balance at December 31, 2025 | $ 741,239 | $1,193,369 | $ 465,175 | $ 80,622 | $1,672,702 | ($ 79,785) | ($ 40,958) | $4,032,364 | $ 73,300 | $4,105,664 |
按一下這裡以輸入文字。
Y.C.C. PARTS MFG. CO. LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
| Year ended December 31 | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Profit before tax | $ 240,967 | $ 476,221 | |
| Adjustments | |||
| Adjustments to reconcile profit (loss) | |||
| Proceeds from disposal of property, plant and equipment | 8,651 | ( 1,977 ) | |
| Net loss(gain) on financial assets or liabilities at fair value through profit or loss | 27,072 | ( 19,650 ) | |
| Expected credit (gains)losses | 230 | ( 12,645 ) | |
| Impairment loss | 28,521 | 69,701 | |
| Depreciation expense | 371,638 | 373,862 | |
| Depreciation expense - right-of-use assets | 9,535 | 9,577 | |
| Depreciation expense - investment property | 930 | 956 | |
| Amortisation expense | 9,307 | 9,948 | |
| Interest expense | 8,011 | 12,011 | |
| Interest income | ( 20,031 ) | ( 23,287 ) | |
| Government grant income | ( 1,176 ) | ( 1,431 ) | |
| Dividend income | ( 15,788 ) | ( 8,088 ) | |
| Changes in operating assets and liabilities | |||
| Changes in operating assets | |||
| Notes receivable, net | 7,273 | 5,841 | |
| Accounts receivable, net | 99,721 | 94,635 | |
| Other receivables | ( 11,784 ) | ( 12,977 ) | |
| Inventories | ( 41,148 ) | 41,277 | |
| Other current assets | ( 15,642 ) | ( 5,027 ) | |
| Changes in operating liabilities | |||
| Contract liabilities - current | ( 5,486 ) | ( 13,467 ) | |
| Notes payable | ( 11,659 ) | 21,722 | |
| Accounts payable | 1,611 | ( 37,165 ) | |
| Other payables | ( 25,911 ) | ( 3,399 ) | |
| Other current liabilities | 90,870 | 1,777 | |
| Net defined benefit asset | - | ( 565 ) | |
| Cash inflow generated from operations | 755,712 | 977,850 | |
| Interest received | 20,223 | 24,015 | |
| Interest paid | ( 8,044 ) | ( 12,212 ) | |
| Dividend received | 15,788 | 8,088 | |
| Income taxes paid | ( 43,370 ) | ( 236,996 ) | |
| Net cash flows from operating activities | 740,309 | 760,745 |
(Continued)
~19~
Y.C.C. PARTS MFG. CO. LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
| Year ended December 31 | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Acquisition of financial assets at fair value through profit or loss | ($) | 9,657) | ($) 3,609) |
| Proceeds from disposal of financial assets at fair value through profit or loss | 6,119 | 19,581 | |
| Decrease in financial assets at amortised cost | 28,017 | 96,723 | |
| Acquisition of non-current financial assets at fair value through other comprehensive income | ( | 44,544) | - |
| Acquisition of property, plant and equipment | ( | 242,906) | (433,278) |
| Proceeds from disposal of property, plant and equipment | 22,016 | 19,533 | |
| Increase in other non-current assets | ( | 7,018) | (4,795) |
| Increase in prepaid equipment and construction costs | ( | 102,606) | (35,514) |
| Acquisition of intangible assets | ( | 280) | (1,752) |
| (Increase) decrease in refundable deposits | 1,082 | (697) | |
| Net cash flows used in investing activities | ( | 349,777) | (343,808) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Decrease in short-term borrowings | - | (37,280) | |
| Repayments of principal portion of lease liabilities | ( | 5,267) | (5,308) |
| Repayments of long-term borrowings | ( | 136,886) | (133,167) |
| Increase in deposits received | 14 | 704 | |
| Cash dividends paid | ( | 222,372) | (222,372) |
| Net cash flows used in financing activities | ( | 364,511) | (397,423) |
| Effect of exchange rate changes on cash and cash equivalents | 26,159 | (9,111) | |
| Net increase in cash and cash equivalents | 52,180 | 10,403 | |
| Cash and cash equivalents at beginning of year | 561,073 | 550,670 | |
| Cash and cash equivalents at end of year | $ | 613,253 | $561,073 |
~20~
INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE
To the Board of Directors and Shareholders of Y.C.C. Parts Mfg. Co., Ltd.
Opinion
We have audited the accompanying parent company only balance sheets of Y.C.C. Parts Mfg. Co., Ltd. (the “Company”) as at December 31, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of material accounting policies.
In our opinion, the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as at December 31, 2025 and 2024, and its parent company only financial performance and its parent company only cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.
Basis for opinion
We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and 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 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.
~21~
Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Company’s 2025 parent company only financial statements. 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, 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:
Cut-off of sales revenue recognition
Description
For the accounting policy of revenue recognition, please refer to Note 4(28); and for details of operating revenue, please refer to Note 6(19). The Company is primarily engaged in manufacturing and trading automobile parts. Sale revenue is recognised when the control over the goods was transferred under the transaction terms.
The sales revenue recognition involves the use of several manual judgments and procedures. As a result, the timing of sales revenue recognition may be inappropriate, which also affected the Company’s subsidiary accounted for using equity method. Therefore, we included the cut-off of sales revenue recognition as one of the key areas of focus for this year.
How our audit addressed the matter
Our audit procedures in relation to the above key audit matter included:
- Understanding and evaluating the operating procedures and internal controls over sales revenue, and assessing the effectiveness on how the management controls the timing of recognizing sales revenue.
- Examining the transaction documents to ensure that transactions had been recorded
in the proper period for a certain period around the balance sheet date.
Assessment of allowance for inventory valuation loss
Description
For the accounting policy of inventory assessment, please refer to Note 4(12); for accounting estimates and assumption uncertainty in relation to inventory valuation, please refer to Note 5; and for details of allowance for inventory valuation losses, please refer to Note 6(5).
As of December 31, 2025, the balances of inventories and allowance for inventory valuation losses were NT$ 294,511 thousand and NT$ 31,095 thousand, respectively.
Inventories that are over a certain age and separately recognised as impaired inventories are stated at the lower of cost and net realisable value. Those inventory items separately identified as obsolete and damaged are corroborated against supporting documents in recognising valuation losses. Considered that the Company's inventories were material to its financial statements, and the determination of net realisable value in the balance sheet date involved judgments and estimates, which also affected the Company's subsidiary accounted for using equity method. We identified the assessment of allowance for inventory valuation losses a key audit matter.
How our audit addressed the matter
Our audit procedures in relation to the above key audit matter included:
- Obtained an understanding of the nature of the Company's business and industry and assessed the reasonableness of provision policies in the determination of allowance for inventory valuation losses.
~22~
- Reviewed the Company’s annual counting plan and conducted their physical counts on inventories to evaluate the control effectiveness on inventory classification.
- Obtained the Company’s inventory aging report and verified dates of movements with supporting documents. Ensured the proper categorisation of inventory aging report in accordance with the Company’s policy.
- Obtained the net realisable value statement of each inventory, assessed whether the estimation policy was consistently applied, tested the estimation basis of the net realisable value with relevant information, including verifying the sales and purchase prices with supporting evidence, and recalculated and evaluated the reasonableness of the inventory valuation.
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 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 parent company only 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 the audit committee, are responsible for overseeing the Company’s financial reporting process.
~23~
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 Company’s internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
~24~
-
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 Company’s ability to continue as a going concern. 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 disclosures, 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.
~25~
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements of the current period 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.
Lai, Chih-Wei
Wang, Yu-Chuan
For and on behalf of PricewaterhouseCoopers, Taiwan
March 5, 2026
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 generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying parent company only financial statements and independent auditors’ report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.
As the financial statements are the responsibility of the management, PricewaterhouseCoopers Taiwan 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.
~26~
Y.C.C. PARTS MFG. 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 | $ 409,507 | 9 | $ 478,167 | 10 | |
| 1110 | Current financial assets at fair value through profit or loss | 103,834 | 2 | 128,867 | 3 | |
| 1136 | Current financial assets at amortised cost | - | - | 29,167 | 1 | |
| 1150 | Notes receivable, net | 13,307 | - | 11,797 | - | |
| 1170 | Accounts receivable, net | 230,113 | 5 | 324,782 | 6 | |
| 1180 | Accounts receivable due from related parties, net | 18,805 | - | 22,114 | - | |
| 1200 | Other receivables | 4,286 | - | 2,276 | - | |
| 1210 | Other receivables due from related parties | 477,844 | 10 | 439,100 | 9 | |
| 130X | Current inventories | 263,416 | 6 | 239,526 | 5 | |
| 1470 | Other current assets | 44,773 | 1 | 24,468 | - | |
| 11XX | Current assets | 1,565,885 | 33 | 1,700,264 | 34 | |
| Non-current assets | ||||||
| 1517 | Non-current financial assets at fair value through other comprehensive income | 132,121 | 3 | 127,432 | 3 | |
| 1535 | Non-current financial assets at amortised cost | 1,450 | - | 300 | - | |
| 1550 | Investments accounted for using equity method | 306,549 | 6 | 402,960 | 8 | |
| 1600 | Property, plant and equipment | 2,441,868 | 51 | 2,305,036 | 47 | |
| 1755 | Right-of-use assets | 15,192 | - | 17,197 | - | |
| 1760 | Investment property, net | 80,887 | 2 | 80,887 | 2 | |
| 1780 | Intangible assets | 538 | - | 1,312 | - | |
| 1840 | Deferred tax assets | 93,122 | 2 | 94,464 | 2 | |
| 1900 | Other non-current assets | 138,471 | 3 | 221,507 | 4 | |
| 15XX | Non-current assets | 3,210,198 | 67 | 3,251,095 | 66 | |
| 1XXX | Current tax assets | $ 4,776,083 | 100 | $ 4,951,359 | 100 |
(Continued)
Y.C.C. PARTS MFG. 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 | ||||||
| 2130 | Current contract liabilities | $ 1,376 | - | $ 3,024 | - | |
| 2150 | Notes payable | 110,028 | 2 | 115,943 | 2 | |
| 2170 | Accounts payable | 18,397 | - | 22,531 | - | |
| 2200 | Other payables | 173,690 | 4 | 136,830 | 3 | |
| 2230 | Current tax liabilities | 73,325 | 2 | 93,206 | 2 | |
| 2280 | Current lease liabilities | 5,469 | - | 5,272 | - | |
| 2320 | Long-term liabilities, current portion | 148,046 | 3 | 136,815 | 3 | |
| 2399 | Other current liabilities, others | 20 | - | 7 | - | |
| 21XX | Current liabilities | 530,351 | 11 | 513,628 | 10 | |
| Non-current liabilities | ||||||
| 2540 | Non-current portion of non-current borrowings | 163,396 | 4 | 311,489 | 7 | |
| 2560 | Current tax liabilities-non current | 29,325 | 1 | 969 | - | |
| 2570 | Deferred tax liabilities | 9,379 | - | 1,378 | - | |
| 2580 | Non-current lease liabilities | 9,900 | - | 12,083 | - | |
| 2600 | Other non-current liabilities | 1,368 | - | 1,958 | - | |
| 25XX | Non-current liabilities | 213,368 | 5 | 327,877 | 7 | |
| 2XXX | Liabilities | 743,719 | 16 | 841,505 | 17 | |
| Equity | ||||||
| Share capital | ||||||
| 3110 | Ordinary share | 741,239 | 15 | 741,239 | 15 | |
| Capital surplus | ||||||
| 3200 | Capital surplus | 1,193,369 | 25 | 1,193,369 | 24 | |
| Retained earnings | ||||||
| 3310 | Legal reserve | 465,175 | 10 | 427,883 | 9 | |
| 3320 | Special reserve | 80,622 | 2 | 94,043 | 2 | |
| 3350 | Unappropriated retained earnings | 1,672,702 | 35 | 1,733,942 | 35 | |
| Other equity interest | ||||||
| 3400 | Other equity interest | ( 120,743) | ( 3) | ( 80,622) | ( 2) | |
| 3XXX | Equity | 4,032,364 | 84 | 4,109,854 | 83 | |
| Significant events after the balance sheet date | ||||||
| 3X2X | Total liabilities and equity | $ 4,776,083 | 100 | $ 4,951,359 | 100 |
The accompanying notes are an integral part of these parent company only financial statements.
Y.C.C. PARTS MFG. CO., LTD.
PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars, except earnings per share amounts)
| Items | Notes | Year ended December 31 | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| AMOUNT | % | AMOUNT | % | |||
| 4000 | Operating revenue | $ 1,347,077 | 100 | $ 1,526,367 | 100 | |
| 5000 | Operating costs | ( 813,523) | ( 60) | ( 819,996) | ( 54) | |
| 5900 | Gross profit from operations | 533,554 | 40 | 706,371 | 46 | |
| Operating expenses | ||||||
| 6100 | Selling expenses | ( 82,795) | ( 6) | ( 113,934) | ( 8) | |
| 6200 | Administrative expenses | ( 67,372) | ( 5) | ( 63,616) | ( 4) | |
| 6300 | Research and development expenses | ( 75,407) | ( 6) | ( 63,787) | ( 4) | |
| 6450 | Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9 | ( 676) | - | - | - | |
| 6000 | Operating expenses | ( 226,250) | ( 17) | ( 241,337) | ( 16) | |
| 6900 | Net operating income | 307,304 | 23 | 465,034 | 30 | |
| Non-operating income and expenses | ||||||
| 7100 | Interest income | 32,779 | 2 | 38,805 | 3 | |
| 7010 | Other income | 42,659 | 3 | 38,994 | 3 | |
| 7020 | Other gains and losses | ( 35,549) | ( 3) | 111,309 | 7 | |
| 7050 | Finance costs | ( 7,161) | - | ( 9,629) | ( 1) | |
| 7070 | Share of loss of associates and joint ventures accounted for using equity method | ( 91,208) | ( 7) | ( 165,350) | ( 11) | |
| 7000 | Non-operating income and expenses | ( 58,480) | ( 5) | 14,129 | 1 | |
| 7900 | Profit before income tax | 248,824 | 18 | 479,163 | 31 | |
| 7950 | Income tax expense | ( 69,901) | ( 5) | ( 107,551) | ( 7) | |
| 8200 | Profit for the year | $ 178,923 | 13 | $ 371,612 | 24 | |
| Other comprehensive income | ||||||
| Components of other comprehensive income that will not be reclassified to profit or loss | ||||||
| 8311 | Gains (losses) on remeasurements of defined benefit plans | $ 7,596 | 1 | $ 1,622 | - | |
| 8316 | Unrealised gains (losses) from investments in equity instruments measured at fair value through other comprehensive income | ( 39,855) | ( 3) | ( 867) | - | |
| 8349 | Income tax related to components of other comprehensive income that will not be reclassified to profit or loss | ( 1,516) | - | ( 324) | - | |
| 8310 | Components of other comprehensive income that will not be reclassified to profit or loss | ( 33,775) | ( 2) | 431 | - | |
| Components of other comprehensive income that will be reclassified to profit or loss | ||||||
| 8361 | Exchange differences on translation | ( 266) | - | 14,288 | 1 | |
| 8360 | Components of other comprehensive income that will be reclassified to profit or loss | ( 266) | - | 14,288 | 1 | |
| 8300 | Other comprehensive income for the year | ( $ 34,041) | ( 2) | $ 14,719 | 1 | |
| 8500 | Total comprehensive income for the year | $ 144,882 | 11 | $ 386,331 | 25 | |
| Basic earnings per share | ||||||
| 9750 | Basic earnings per share | $ 2.41 | $ 5.01 | |||
| 9850 | Diluted earnings per share | $ 2.41 | $ 5.00 |
按一下违规以輸入文字。
Y.C.C. PARTS MFG. CO., LTD.
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
| Retained earnings | Other equity interest | |||||||
|---|---|---|---|---|---|---|---|---|
| Exchange differences on translation of foreign financial statements | Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income | Total equity | ||||||
| Notes | Ordinary share | Capital surplus, additional paid-in capital | Legal reserve | Special reserve | Unappropriated retained earnings | |||
| Year 2024 | ||||||||
| Balance at January 1, 2024 | $ 741,239 | $ 1,193,349 | $ 383,999 | $ 109,142 | $ 1,612,189 | ($ 93,807) | ($ 236) | $ 3,945,875 |
| Profit for the year | - | - | - | - | 371,612 | - | - | 371,612 |
| Other comprehensive income (loss) | - | - | - | - | 1,298 | 14,288 | ( 867) | 14,719 |
| Total comprehensive income (loss) | - | - | - | - | 372,910 | 14,288 | ( 867) | 386,331 |
| Appropriation and distribution of 2023 earnings | ||||||||
| Legal reserve | - | - | 43,884 | - | ( 43,884) | - | - | - |
| Special reserve | - | - | - | ( 15,099) | 15,099 | - | - | - |
| Cash dividends | - | - | - | - | ( 222,372) | - | - | ( 222,372) |
| Donated assets | - | 20 | - | - | - | - | - | 20 |
| Balance at December 31, 2024 | $ 741,239 | $ 1,193,369 | $ 427,883 | $ 94,043 | $ 1,733,942 | ($ 79,519) | ($ 1,103) | $ 4,109,854 |
| Year 2025 | ||||||||
| Balance at January 1, 2025 | $ 741,239 | $ 1,193,369 | $ 427,883 | $ 94,043 | $ 1,733,942 | ($ 79,519) | ($ 1,103) | $ 4,109,854 |
| Profit for the year | - | - | - | - | 178,923 | - | - | 178,923 |
| Other comprehensive income (loss) | - | - | - | - | 6,080 | ( 266) | ( 39,855) | ( 34,041) |
| Total comprehensive income (loss) | - | - | - | - | 185,003 | ( 266) | ( 39,855) | 144,882 |
| Appropriation and distribution of 2024 earnings | ||||||||
| Legal reserve | - | - | 37,292 | - | ( 37,292) | - | - | - |
| Special reserve | - | - | - | ( 13,421) | 13,421 | - | - | - |
| Cash dividends | - | - | - | - | ( 222,372) | - | - | ( 222,372) |
| Balance at December 31, 2025 | $ 741,239 | $ 1,193,369 | $ 465,175 | $ 80,622 | $ 1,672,702 | ($ 79,785) | ($ 40,958) | $ 4,032,364 |
按一下這裡以輸入文字。
~30~
Y.C.C. PARTS MFG. CO., LTD.
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
| Notes | Year ended December 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Profit before tax | $ 248,824 | $ 479,163 | |
| Adjustments | |||
| Adjustments to reconcile profit (loss) | |||
| Gain on disposal of property, plant and equipment | ( 6,519 ) | ( 2,199 ) | |
| Net loss(gain) on financial assets or liabilities at fair value through profit or loss | 22,958 | ( 10,112 ) | |
| Depreciation expense | 316,385 | 289,148 | |
| Depreciation expense - right-of-use assets | 5,344 | 5,389 | |
| Amortization expense | 4,720 | 5,532 | |
| Interest expense | 7,161 | 9,629 | |
| Interest income | ( 32,779 ) | ( 38,805 ) | |
| Government grant | ( 1,176 ) | ( 1,431 ) | |
| Dividend income | ( 15,380 ) | ( 7,576 ) | |
| Share of loss (profit) of associates accounted for under equity method | 91,208 | 165,350 | |
| Changes in operating assets and liabilities | |||
| Changes in operating assets | |||
| Notes receivable, net | ( 1,510 ) | 5,024 | |
| Accounts receivable, net | 94,669 | ( 30,793 ) | |
| Accounts receivable-related parties | 3,309 | ( 4,006 ) | |
| Other receivables | ( 2,010 ) | ( 11,480 ) | |
| Other receivables-related parties | ( 4,053 ) | 10,474 | |
| Inventories | ( 19,691 ) | 6,126 | |
| Other current assets | ( 20,305 ) | ( 4,535 ) | |
| Changes in operating liabilities | |||
| Contract liabilities - current | ( 1,648 ) | 1,158 | |
| Notes payable | ( 12,268 ) | 19,022 | |
| Accounts payable | ( 4,134 ) | 1,550 | |
| Other payables | ( 21,130 ) | 11,854 | |
| Other current liabilities | 13 | 3 | |
| Net defined benefit liability | 7,606 | ( 565 ) | |
| Cash inflow generated from operations | 659,594 | 897,920 | |
| Interest received | 32,779 | 39,504 | |
| Interest paid | ( 7,195 ) | ( 9,830 ) | |
| Dividend received | 20,317 | 7,576 | |
| Income tax paid | ( 43,370 ) | ( 236,988 ) | |
| Net cash flows from operating activities | 662,125 | 698,182 |
(Continued)
~32~
Y.C.C. PARTS MFG. CO., LTD.
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
| Year ended December 31 | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Acquisition of financial assets at fair value through profit or loss | ($ | 2,344) | $ - |
| Proceeds from disposal of financial assets at fair value through profit or loss | 4,419 | 3,109 | |
| Decrease in financial assets at amortised cost | 29,167 | 96,723 | |
| Increase in other receivables due from related parties | ( | 34,691) | 183,786 |
| Acquisition of financial assets measured at fair value through other comprehensive income – non-current | ( | 44,544) | - |
| Acquisition of investments accounted for under equity method | - | ( 48,000 ) | |
| Acquisition of property, plant and equipment | ( | 234,766) | ( 308,248 ) |
| Proceeds from disposal of property, plant and equipment | 6,519 | 2,199 | |
| Increase in prepayments for equipment and construction | ( | 70,243) | ( 38,909 ) |
| Acquisition of intangible assets | ( | 280) | - |
| Increase in other non-current assets | ( | 20,285) | ( 2,282 ) |
| Decrease in refundable deposits | 790 | - | |
| Net cash flows used in investing activities | ( | 366,258) | ( 111,622 ) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Repayment of long-term borrowings | ( | 136,887) | ( 133,167 ) |
| Repayment of principal portion of lease liabilities | ( | 5,268) | ( 5,308 ) |
| Cash dividends paid | ( | 222,372) | ( 222,372 ) |
| Net cash flows used in financing activities | ( | 364,527) | ( 360,847 ) |
| Net (decrease) increase in cash and cash equivalents | ( | 68,660) | 225,713 |
| Cash and cash equivalents at beginning of year | 478,167 | 252,454 | |
| Cash and cash equivalents at end of year | $ | 409,507 | $ 478,167 |
Attachment 4
Y.C.C. PARTS MFG. CO., LTD.
Statement of Retained Earnings
2025
Unit: NT$
| Beginning undistributed earnings | 1,487,701,285 | |
|---|---|---|
| Add: Current period net profit | 178,922,466 | |
| Remeasurement of the defined benefit plan recorded in retained earnings | 6,077,129 | |
| The sum of the total amount of after-tax net income for the period and other profit items adjusted to the current year’s undistributed earnings | 184,999,595 | |
| Less: Legal reserve (10%) | (18,499,960) | |
| Less: Reversal (appropriation) of special reserve | (40,120,337) | |
| Current distributable earnings | 1,614,080,583 | |
| Allocation: | ||
| Cash dividend to (NT$ 2.5 / share) | (185,309,688) | |
| Ending undistributed earnings | 1,428,770,896 |
Note:
(1) Priority allocation of 2025 earnings
(2) When cash dividends are distributed, the cash dividends payable to each shareholder shall be rounded down to the nearest NT dollar, and any aggregate amount of fractional sums less than NT$1 shall be recognized as the Company’s other income.
(3) The legal reserve shall be appropriated based on “the sum of the total amount of after-tax net income for the period and other profit items adjusted to the current year’s undistributed earnings” in accordance with Jing-Shang-Zi Letter No. 1082432410.
33
Attachment 5
The Company’s report on directors’ remuneration for 2025 is hereby submitted for your review.
Description: I. The Company’s remuneration policies, systems, standards, and structure for general directors and independent directors, and the correlation between such remuneration and factors including their responsibilities, risks, and time commitment:
(I) Pursuant to Article 19 of the Company’s Articles of Incorporation, the Chairman and directors are entitled to remuneration for performing their duties, regardless of the Company’s profitability. The Board of Directors is authorized to determine such remuneration with reference to prevailing industry standards. If the Company has earnings, remuneration shall also be distributed in accordance with Article 26 of the Articles of Incorporation.
(II) Article 26 further provides that the Company may, by resolution of the Board of Directors, appropriate no more than 3% of the aforesaid profit as directors’ remuneration. Directors’ remuneration shall be paid in accordance with the “Regulations Governing Payment of Directors’ Remuneration.”
Directors’ remuneration as defined in the Regulations includes the following:
- Remuneration for directors performing their duties as stipulated in the Articles of Incorporation.
- Directors’ remuneration appropriated from annual earnings in accordance with the Articles of Incorporation.
- Expenses related to the execution of duties, including transportation allowances.
Amount and allocation of directors’ remuneration:
- Remuneration for directors’ execution of duties shall be determined by the Board of Directors based on the nature of their duties.
- Directors’ remuneration shall be allocated from the total amount approved by the shareholders’ meeting from annual earnings.
Individual directors’ remuneration: Determined with reference to the Board performance evaluation results and each director’s individual weighting.
Independent directors receive a fixed monthly remuneration of NT$42,000, regardless of the Company’s profitability.
Service expenses: Directors attending Board meetings in person (excluding participation via video conference) are paid a transportation allowance of NT$6,000 per meeting.
34
II. Details of individual directors' remunerations are as follows:
Unit: NTS thousand
| Title | Name | Remuneration to directors | The total amount of item A, B, C and D that accounts for the percentage of net profit after tax (Note 10) | Remuneration received as an employee | Sum of A+B+C+D+E+F+G and ratio to net income (Note 10) | Remuneration received from investee enterprises other than subsidiaries or from the parent company (Note 11) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base compensatio n (A) (Note 2) | Retirement pay and pensions (B) | Director profit-sharing remuneration (C) (Note 3) | Expenses and per requisites (D) (Note 4) | Salary, rewards, and special disbursements (E) (Note 5) | Retirement pay and pensions (F) | Employee profit-sharing compensation (G) (Note 6) | |||||||||||||||
| The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | |||
| Chairman | He Han Investment Co., Ltd. Representative: Hao-Chen Lin | 3010 | 3010 | 108 | 108 | 1393 | 1393 | 30 | 30 | 2.54% | 2.54% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.54% | 2.54% | None |
| Director | Tzu Chun International Co., Ltd. Representative: Rao-Ning Huang | 0 | 0 | 0 | 0 | 698 | 698 | 30 | 30 | 0.41% | 0.41% | 1435 | 1435 | 60 | 60 | 141 | 0 | 141 | 0 | 1.40% | 1.40% |
| Director | Hao Qun Investment & Development Co., Ltd. Representative: Shi-Yun Lin | 0 | 0 | 0 | 0 | 527 | 527 | 30 | 30 | 0.31% | 0.31% | 2757 | 2757 | 90 | 90 | 397 | 0 | 397 | 0 | 2.350% | 2.35% |
| Director | Hao Qun Investment & Development Co., Ltd. Rep.: Yi-Hung Lin | 0 | 0 | 0 | 0 | 172 | 172 | 0 | 0 | 0.10% | 0.10% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.10% | 0.10% |
| Title | Name | Remuneration to directors | The total amount of item A, B, C and D that accounts for the percentage of net profit after tax (Note 10) | Remuneration received as an employee | Sum of A+B+C+D+E+F+G and ratio to net income (Note 10) | Remuneration received from investee enterprises other than subsidiaries or from the parent company (Note 11) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base compensatio n (A) (Note 2) | Retirement pay and pensions (B) | Director profit-sharing remuneration (C) (Note 3) | Expenses and per requisites (D) (Note 4) | Salary, rewards, and special disbursements (E) (Note 5) | Retirement pay and pensions (F) | Employee profit-sharing compensation (G) (Note 6) | ||||||||||||||||
| The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | The Company (%) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | The Company | All companies included in the financial report (Note 7) | Amount paid in shares | Amount paid in cash | Amount paid in cash | Amount paid in cash | |||
| Amount paid in shares | Amount paid in cash | Amount paid in cash | Amount paid in cash | |||||||||||||||||||
| Director | Song Qun Investment & Development Co., Ltd. Representative: Shu-Mei Liu | 0 | 0 | 0 | 0 | 698 | 698 | 30 | 30 | 0.41% | 0.41% | 2184 | 2184 | 103 | 103 | 348 | 0 | 348 | 0 | 2.07% | 2.07% | None |
| Director | Daqun Investment and Development Ltd. Representative: Ruey-Ze Lin | 0 | 0 | 0 | 0 | 1047 | 1047 | 30 | 30 | 0.60% | 0.60% | 2710 | 2710 | 108 | 108 | 361 | 0 | 361 | 0 | 2.58% | 2.58% | None |
| Independent director | Hung-Lung Huang | 0 | 0 | 0 | 0 | 345 | 345 | 10 | 10 | 0.20% | 0.20% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.20% | 0.20% | None |
| Chin-Feng Kuo | 0 | 0 | 0 | 0 | 349 | 349 | 10 | 10 | 0.20% | 0.20% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.20% | 0.20% | None | |
| Lung-Fa Hsieh | 0 | 0 | 0 | 0 | 349 | 349 | 502 | 502 | 0.48% | 0.48% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.48% | 0.48% | None | |
| Kuo-Hua Chang | 0 | 0 | 0 | 0 | 349 | 349 | 502 | 502 | 0.48% | 0.48% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.48% | 0.48% | None | |
| Chiu-Ling Shih | 0 | 0 | 0 | 0 | 0 | 0 | 270 | 270 | 0.15% | 0.15% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.15% | 0.15% | None | |
| Heng-Jiang Huang | 0 | 0 | 0 | 0 | 0 | 0 | 270 | 270 | 0.15% | 0.15% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.15% | 0.15% | None |
Attachment 6
Comparison Table of Amendments to the "Procedures for Acquisition or Disposal of Assets" (GM-20)
| Amended Provisions | Current Provisions | Explanation | |
|---|---|---|---|
| Article 10 | The calculation of the transaction amounts under Articles 8 and 9 shall be conducted in accordance with Article 15, Paragraph 1, Subparagraph 2. The term “within one year” refers to the one-year period preceding the date of occurrence of the current transaction. Any appraisal reports issued by professional appraisers or opinions issued by CPAs obtained in accordance with these Procedures are exempt from inclusion in the calculation. | The calculation of the transaction amounts under Articles 8 and 9 shall be conducted in accordance with Article 15, Paragraph 1, Subparagraph 2. The term “within one year” refers to the one-year period preceding the date of occurrence of the current transaction. Any appraisal reports issued by professional appraisers or opinions issued by CPAs, obtained in accordance with these Regulations, are exempt from inclusion in the calculation. | Text amendment |
| Article 11 | Procedures for Transactions Related Parties | ||
| I. Omitted. | |||
| II. Omitted. | |||
| The calculation of the aforementioned transaction amounts shall be conducted in accordance with Article 15, Paragraph 1, Subparagraph 2. The term “within one year” refers to the one-year period preceding the date of occurrence of the current transaction. Amounts already submitted to the shareholders’ meeting, approved by the Board of Directors, and recognized by the Audit Committee in accordance with these Procedures are exempt from inclusion in the calculation. | |||
| III–VI. Omitted. | Procedures for Transactions Related Parties | ||
| I. Omitted. | |||
| II. Omitted. | |||
| The calculation of the aforementioned transaction amounts shall be conducted in accordance with Article 15, Paragraph 1, Subparagraph 2. The term “within one year” refers to the one-year period preceding the date of occurrence of the current transaction. Amounts already submitted to the shareholders’ meeting, approved by the Board of Directors, and recognized by the Audit Committee in accordance with these Regulations are exempt from inclusion in the calculation. | |||
| III–VI. Omitted. | Text amendment | ||
| Article 15 | Procedures for Information Disclosure | ||
| I. Omitted. | |||
| (I)-(III) Omitted. | |||
| (IV) Asset transactions, disposal of claims by financial institutions, or investments in | Procedures for Information Disclosure | ||
| I. Omitted. | |||
| (I)-(III) Omitted. | |||
| (IV) Asset transactions, disposal of claims by financial institutions, or investments in | Amended in accordance with Financial Supervisory Commission Order | ||
| Jin-Guan-Zheng-Fa-Zi No. |
38
| Mainland China, other than those specified in the preceding three subparagraphs, where the transaction amount reaches 20% of the Company’s paid-in capital or NT$300 million or more. However, this shall not apply to the following circumstances: 1. Purchase or sale of domestic government bonds or foreign government bonds with a credit rating not lower than the sovereign rating of the Republic of China (Taiwan). 2. Transactions of bonds under repurchase or resale agreements, or subscription or redemption of domestic money market funds. 3. Acquisition or disposal of equipment for operational use, or of right-of-use assets thereof, where the counterparty is not a related party and the transaction amount meets any of the following thresholds: (1) For a public company with paid-in capital of less than NT$10 billion, NT$500 million or more. (2) For a public company with paid-in capital of NT$10 billion or more but less than NT$50 billion, NT$1 billion or more. (3) For a public company with paid-in capital of NT$50 billion or more, 5% or more of the Company’s paid-in capital. 4. Omitted. 5. For a public company with paid-in capital of NT$50 billion or more, transactions involving government bonds, corporate bonds, or general financial bonds (excluding subordinated bonds) that are listed on a securities exchange or traded through a securities dealer, where such transactions do not fall under the exceptions set forth in the proviso to Subparagraph (IV), and the | Mainland China, other than those specified in the preceding three subparagraphs, where the transaction amount reaches 20% of the Company’s paid-in capital or NT$300 million or more. However, this shall not apply to the following circumstances: 1. Purchase or sale of domestic government bonds or foreign government bonds with a credit rating not lower than the sovereign rating of the Republic of China (Taiwan). 2. Transactions of bonds under repurchase or resale agreements, or subscription or redemption of domestic money market funds. 3. Acquisition or disposal of equipment for operational use or right-of-use assets thereof, where the counterparty is not a related party and the transaction amount is less than NT$500 million. 4. Omitted. | 1140383333 |
|---|---|---|
| counterparty is not a related party, and the transaction amount reaches 5% or more of the Company’s paid-in capital. The amount of transactions above shall be calculated as follows: Omitted below. | The amount of transactions above shall be calculated as follows: Omitted below. | ||
|---|---|---|---|
| Article 16 | Procedures for Control over Acquisition or Disposal of Assets by Subsidiaries I–IV Omitted. Where a company’s shares have no par value or a par value other than NT$10 per share, the provisions in these Procedures relating to transaction amounts calculated as 20% of paid-in capital shall instead be calculated as 10% of equity attributable to owners of the parent; the provisions relating to 5% of paid-in capital shall instead be calculated as 2.5% of equity attributable to owners of the parent; the provisions relating to paid-in capital of NT$10 billion shall instead be calculated as equity attributable to owners of the parent of NT$20 billion; and the provisions relating to paid-in capital of NT$50 billion shall instead be calculated as equity attributable to owners of the parent of NT$100 billion. | Procedures for Control over Acquisition or Disposal of Assets by Subsidiaries I–IV Omitted. Where a company’s shares have no par value or a par value other than NT$10 per share, the provisions in these Regulations relating to transaction amounts calculated as 20% of paid-in capital shall instead be calculated as 10% of equity attributable to owners of the parent; the provisions relating to paid-in capital of NT$10 billion shall instead be calculated as equity attributable to owners of the parent of NT$20 billion. | Amended in accordance with Financial Supervisory Commission Order Jin-Guan-Zheng-Fa-Zi No. 1140383333 |
| Article 20 | These Regulations are formulated on June 4, 2009. The 1st amendment on May 17, 2011. The 2nd amendment on June 26, 2012. The 3rd amendment on June 23, 2014. The 4th amendment on December 18, 2014. The 5th amendment on June 15, 2015. | These Regulations are formulated on June 4, 2009. The 1st amendment on May 17, 2011. The 2nd amendment on June 26, 2012. The 3rd amendment on June 23, 2014. The 4th amendment on December 18, 2014. The 5th amendment on June 15, 2015. | Added amendment date |
| | The 6th amendment on June 19, 2017.
The 7th amendment on May 29, 2019.
The 8th amendment on May 27, 2022.
The 9th amendment on May 29, 2026. | The 6th amendment on June 19, 2017.
The 7th amendment on May 29, 2019.
The 8th amendment on May 27, 2022. | |
| --- | --- | --- | --- |
40