YI JINN - AGM Information 2021 | FinancialReports.eu

YI JINN INDUSTRIAL CO., LTD 2021 Annual General Shareholders’ Meeting Meeting Proceeding.

Time: 11a.m., August 04, 2021 (Wednesday)

Place : No. 29, Hongzhou St., Guishan Dist., Taoyuan City

(subsidiary: Hung Chou Factory) Present shareholders : 174,784,012 shares of shares

represented by attendance and delegates are 57.94% of the total

301,647,640 shares of the company with voting rights.

Chairman: Chan, Cheng-Tien Recorder : Lai, Yu-Min

Attend: Director Chen, Meng-Wu , Director Weng, Mao-Cheng ,

Director Lai, Yu-Min , Independent director Lai, Sun-Quae , Independent director Huang, Tien-Chang

Attend: Chang, Shu-Ying Accountant of KPMG

Reported Matters

(1) 2020 Business Report

Explanatory Notes:

The Business Report is attached hereto as ANNEX 1.

(2) Report by Audit Committee

Explanatory Notes:

The Report by Audit Committee is attached hereto as ANNEX 2.

(3) Remuneration to Directors and Employee Bonus in 2020

Explanatory Notes:

(1) According to the Company's "Payroll Committee Rules" and "Articles of Association"

provisions.

(2) 2020 The BOD proposed NT$4,758,282 for employee compensation and NT$8,203,933 for

Board of directors, all paid in cash.

(4) 2020 Earning distribution report, for your approval.

Explanatory Notes:

The Company’s cash dividends of earning distribution statement is as follows:


Time	Resolution date of board of directors	Allotment amount per share	Dividends payment date
The first half of the year 2020	August, 11, 2020	0.5	September 17, 2020
The second half of the year 2020	March 25, 2021	1	May 25, 2021

(5 ) Amendment of the Company’s “Guidelines for the Adoption of Codes of Ethical Conduct”, for your approval.

Explanatory Notes:

In order to cooperate with the revision of laws and regulations, it is proposed to revise the company's " Guidelines for the Adoption of Codes of Ethical Conduct " is attached hereto as ANNEX 3.

(6) Revise the company's "Integrity Management Operation Procedures and Conduct
Guidelines" report
Explanatory Notes:

In order to cooperate with the revision of laws and regulations, it is proposed to revise the company's "Integrity Management Operation Procedures and Conduct Guidelines" is attached hereto as ANNEX 4.

Acknowledged Matters

(1) 2020 business report, financial statements and the proposal earnings distributions, for your approval. (Proposed by the Board of Directors)

Explanatory Notes:

(1) The Company’s balance sheets, statements of comprehensive income, statements of

changes in equity and statements of cash flows of the year 2020 (included consolidated financial statements, is attached hereto as ANNEX 5.), were audited by Chang, ShuYing and Chih, Shih-Chin of KPMG, and audit report has been offered.

(2) 2020 business report of the Company, is attached hereto as ANNEX 1.

(3) The profit distribution made in accordance with Articles of Incorporation is as follows:

YI JINN INDUSTRIAL CO.,LTD

		2020 Profit Distributio
		Unit:	NTD
	Beginning of period undistributed earnings		659,565,313
	Add: net profit after tax of the fiscal year		644,257,821
	equity instruments of disposal financial assets at fair		15,726,644
	value through other comprehensive income
		reversal for special reserve
			20,938.945
	Subtotal:		1,340,488,723
	Minus: designated 10% legal reserve		(50,498,636)
		designated number of the first of
		the year 2020
		designated number of annual	(15,499,811)
		inequality of the fiscal year
	Minus: designated special reserve		(22,514,947)
		designated number of the first of	22,514,947
		the year 2020
		designated number of annual
		inequality of the fiscal year
	Distributable earnings subtotal of the fiscal year		1,274,490,276
	Minus: distributed cash dividends of the		(150,823,820)
		mid-term of the year 2020 (NT$0.5
		per share)
		shareholders’ cash dividends of	(301,647,640)
		the second half of the year 2020
		(NT$1 per share)
	End of term undistributed earnings		822,018,816
	Note: undistributed profit of the year 2020 was prior to distribute.
Chairman:		Managerial Officer:	Accountant in charge:

Chan, Cheng-Tien

Weng, Mao-Cheng

Lai, Yu-Min

Resolution:

Explanation of voting results: Approval votes are 162,403,230rights (including electronic voting rights ). Disapproval votes are31,927 rights (All exercised by electronic vote). Invalid votes are 0. Abstention votes are 12,348,855 rights (All exercised by electronic vote). Approval votes are 92.91% of the total 174,784,012 votes of the attendance shareholders .

DISCUSSION AND ELECTION ITEMS

(1) Amendment of the Company’s “Articles of Incorporation”, for your discussion. (Proposed by the Board of Directors)

Explanatory Notes:

according to the actual operating needs of the Company, programed to amend part of articles, the comparison of the amended articles, is attached hereto as ANNEX 6

Resolution:

Explanation of voting results: Approval votes are 162,746,241rights (including electronic voting rights ). Disapproval votes are33,738 rights (All exercised by electronic vote). Invalid votes are 0. Abstention votes are 12,004,033 rights (All exercised by electronic vote). Approval votes are 93.11% of the total 174,784,012 votes of the attendance shareholders .

(2) Amendment of the Company’s “Regulations of Directors election”, for your discussion. (Proposed by the Board of Directors)

Explanatory Notes:

According to the actual needs, the Company programed to amend partial articles of the Company’s “ Regulations of Directors election”, for comparison of the amended articles, is attached hereto as ANNEX 7

Resolution:

Explanation of voting results: Approval votes are 162,737,025rights (including electronic voting rights ). Disapproval votes are32,114 rights (All exercised by electronic vote). Invalid votes are 0. Abstention votes are 12,014,873 rights (All exercised by electronic vote). Approval votes are 93.10% of the total 174,784,012 votes of the attendance shareholders .

(3) comprehensive re-elected the Company’s directors, for your election.
(Proposed by the Board of Directors)

Explanatory Notes:

(1) The term of office of the Company’s current directors ended on May 31, 2021.
(2) According to Article 16 of Articles of Incorporation, programed to elect nine directors, and included three independent directors at the annual shareholders’ meeting, the term of office is three years from June 29, 2021 to June 28, 2024.
(3) According to Article 16 of Articles of Incorporation, the election of directors shall be adopted the candidates’ nomination system, the candidates list was approved by the resolution of the board of directors on March 25, 2021, for the revenant information,


Candidate type	Name	Shareholding number Education/work experience
Director	Chan, Cheng-Tien	25,010,494 Graduated from the high school. Chairman of Hung Chou Fiber Industry Co., Ltd. Chairman of Kwang Ming Silk Mill Co., Ltd. Independent director of Oriental Union Chemical Corp. Chairman of Taiwan Textile Federation
Director	Cheng, Yu- Jing	2,053,074 Graduated from the university. Director of Hung Chou Fiber Industry Co., Ltd. Director of Kwang Ming Silk Mill Co., Ltd.
Director	Chan, Yi- Chin	2,916,961 Graduated from the university. Director of Hung Chou Fiber Industry Co., Ltd. Supervisor of Kwang Ming Silk Mill Co., Ltd.
Director	Chen, Meng-Wu	0 Graduated from the graduate school. Chairman of Small & Medium Enterprise Research Foundation R.O.C. Chief operating officer of Deloitte Taiwan
Director	Weng, Mao-Cheng	480,343 Graduated from the university. General manager of Yi Jinn Industrial Co., Ltd.
Director	Lai, Yu-	492,916	Graduated from the two-year junior college.


	Min		Vice general manager of Yi Jinn Industrial Co., Ltd.
Independent director	Lai, Sun- Quae	0 Master's degree of Graduate School of Business Administration, Indiana University of Pennsylvania Chairman of CSBC Corporation, Taiwan Director of Small & Medium Enterprise Administration, Ministry of Economic Affairs Chairman of Chairman of Chung Yueh Technology Co., Ltd.
Independent director	Huang, Tien-Chang	0 Master's degree of Graduate School of Finance and Taxation, National Chengchi University Chairman of Taiwan Business Bank Chairman of Trust Association of R.O.C. Managing independent director of Mega International Commercial Bank
Independent director	Chen, Shiou- Chung	0	Department of Business Administration, Feng Chia University Chairman of Tah Tong Textile Co., Ltd. Managing director of Taiwan Spinner’s Association Managing director of Taiwan Textile Federation Director of Taiwan Textile Research Institute Industry & Economics consultant of Chinese National Federation of Industries

Elected list :

Elected	list :

Job title	ID	NAME	Number of votes
director	3	Chan, Cheng-Tien	178,860,110
director	10	Cheng, Yu-Jing	160,803,633
director	N10255****	Chen, Meng-Wu	160,744,225


director	40801	Chan, Yi-Chin	160,643,352
director	7818	Weng, Mao-Cheng	160,534,860
director	67127	Lai, Yu-Min	159,763,752
Independent director	N10375****	Lai, Sun-Quae	160,492,802
Independent director	P10151****	Huang, Tien-Chang	160,361,917
Independent director	A10205****	Chen, Shiou-Chung	160,301,119

(4) lifting restrictions of non-compete prohibition of new-elected Directors, for your discussion. (Proposed by the Board of Directors)

Explanatory Notes:

(1) According to Article 209 of the Company Act: a director who does anything for himself or on behalf of another person that is within the scope of the company's business, shall explain to the meeting of shareholders the essential contents of such an act and secure its approval.
(2) The name list of lifting programed in accordance with the regulations is as follows:


Title	Name	Contents of programed lifting non-compete prohibition
Director	Chan, Cheng-Tien	Chairman of Hung Chou Fiber Industry Co., Ltd. Chairman of Kwang Ming Silk Mill Co., Ltd. Chairman of Yi Tong Fiber Co., Ltd. Chairman of Ta Tien International Development Co., Ltd. Chairman of Ta Yi International Development Co., Ltd. Independent director of Oriental Union Chemical Corp.


Director	Chan, Yi-Chin	Director of Hung Chou Fiber Industry Co., Ltd.
Director	Cheng, Yu-Jing	Director of Hung Chou Fiber Industry Co., Ltd. Director of Kwang Ming Silk Mill Co., Ltd. Director of Yi Tong Fiber Co., Ltd.
Director	Lai, Yu-Min	Director of Ta Tien International Development Co., Ltd. Director of Ta Yi International Development Co., Ltd.
Independent director	Chen, Shiou-Chung	Chairman of Tah Tong Textile Co., Ltd. Independent director of Everest Textile Co., Ltd. Director of Great Bell Printing & Dyeing Co., Ltd.

Resolution:

Explanation of voting results: Approval votes are 162,618,799rights (including electronic voting rights ). Disapproval votes are101,770 rights (All exercised by electronic vote). Invalid votes are 0. Abstention votes are 12,063,443 rights (All exercised by electronic vote). Approval votes are 93.03% of the total 174,784,012 votes of the attendance shareholders .

TEMPORARY MOTION MEETING ADJOURNED (AM11:21)

Attachment 1

YI JINN INDUSTRIAL CO., LTD 2020 Business Report

For a long time, the textile industry of Taiwan has constantly utilized the advantages of research and development, innovation, and flexible production to become the important city of research and development and production of functional fabrics; however, encountering the pursuit of technologies and price competition from China, and it still has world leadership. Since the end of the year 2019, the epidemic of COVID-19 broke out, and rapidly spread in January of the year 2020, and the influence of global textile industry was gradually enlarged, mainly affected the production side and the demand side, further influenced the overall textile supply chain, consequently the negative influence of the textile industry of Taiwan was substantially more far-reaching. To confront the current trend of the industry, the Company strengthens its competitive advantages to develop the production model of small-volume, large-variety, and actively develop differential products.

The inventory of Tainan factory was completely sold out in the third quarter of the year 2020, and the Company’s main production business focused on the production of polyester filament yarn (chip) from the subsidiary of Hung Chou Fiber Industry Co., Ltd., and the production of drawn textured yarn from Kwang Ming Silk Mill Co., Ltd., the operating revenue of the parent company “YI JINN INDUSTRIAL CO., LTD” was focused on high gross profit of industrial webbing, and the stable rent revenue.

(1) Practice results of the business plan:

In the fiscal year of 2020, the Company’s consolidated operating revenue was NT$ 2,707,215 thousand, consolidated operating cost was NT$ 2,501,874 thousand, the operating margin was NT$ 205,341 thousand, the gross margin was 8%, consolidated operating expenses was NT$ 221,908 thousand, consolidated operating net profit was NT$ 905,331 thousand, the net loss after tax of consolidated with suspended business unit was NT$ (75,635) thousand, and consolidated net income was NT$ 556,686 thousand.

(2) Budget implementation: there’s no budget information reported by the Company in 2020.

(3) Financial receipts and expenditures and profitability analysis:

Unit: NT$1,000

==> picture [497 x 311] intentionally omitted <==

----- Start of picture text -----

Item 2020 2019
Operating revenue 2,707,215 4,071,473
Financial Operating costs 2,501,874 3,516,265
receipts and
Income from continuing
810,287 650,647
expenditures
operations before income tax
Net profit after tax 556,686 570,685
Return on assets (%) 3.67 3.96
Return on equity (%) 7.34 7.80
Pre-tax net profit to paid-in
26.86 21.57
Profitability capital ratio (%)
Net profit rate (%) 20.56 14.02
Earnings per share (dollar) 2.89 1.02
----- End of picture text -----

(4) Budget variance: omitted.

Chairman: Managerial Officer: Accountant in charge: Chan, Cheng-Tien Weng, Mao-Cheng Lai, Yu-Min

==> picture [31 x 31] intentionally omitted <==

Attachment 2

Audit Committee’s Auditor’s Report

The board of directors prepared the Company’s business report, financial statements (included consolidated and individual financial statements) and the proposal of earnings distribution of the year 2020, the financial statements among them was audited by Chang, Shu-Ying and Chih, ShihChin of KPMG, and audit report has been offered.

The business report, financial statements and the proposal of earning distribution mentioned above were reviewed and determined to be correct and accurate by the audit committee members, and the reported was made in accordance with Article 14-4 of Securities and Exchange Act and Article 219 of the Company Act, for your examination.

Faithfully

2021 Annual Shareholders’ Meeting of YI JINN INDUSTRIAL CO., LTD

YI JINN INDUSTRIAL CO., LTD

Convener of Audit Committee: Lai, Sun-Quae

March 25, 2021

Attachment 3

YI JINN INDUSTRIAL CO.,LTD

Comparison of Amendment of Guidelines for the Adoption of Codes of Ethical Conduct


Amended articles	Current articles	Explanation
2. Content of the code Taking its individual circumstances and needs into consideration, the Company shall adopt a code of ethical conduct that addresses at least the following eight matters: (1) Prevention of conflicts of interest: Conflicts of interest occur when personal interest intervenes or is likely to intervene in the overall interest of the company, as for example when a director, supervisor, or managerial officer of the company is unable to perform their duties in an objective and efficient manner, or when a person in such a position takes advantage of their position in the company to obtain improper benefits for either themselves or their spouse, parents, children, or relatives within the second degree of kinship. The Company shall pay special attention to loans of funds, provisions of guarantees, and major asset transactions or the purchase (or sale) of goods involving the affiliated enterprise at which a director,	2. Content of the code Taking its individual circumstances and needs into consideration, the Company shall adopt a code of ethical conduct that addresses at least the following eight matters: (1) Prevention of conflicts of interest: Conflicts of interest occur when personal interest intervenes or is likely to intervene in the overall interest of the company, as for example when a director, supervisor, or managerial officer of the company is unable to perform their duties in an objective and efficient manner, or when a person in such a position takes advantage of their position in the company to obtain improper benefits for either themselves or their spouse,parents, children,or relatives within the second degree of kinship. The Company shall pay special attention to loans of funds, provisions of guarantees, and major asset transactions or the purchase (or sale) of goods involving the affiliated enterprise at which a director,	Revised in accordan ce with the decree.


supervisor, or managerial officer works. The Company shall establish a policy aimed at preventing conflicts of interest, and shall offer appropriate means for directors, supervisors, and managerial officers to voluntarily explain whether there is any potential conflict between them and the Company. (2) - (6). Omitted. (7) Encouraging reporting on illegal or unethical activities: The Company shall raise awareness of ethics internally and encourage employees to report to a company supervisor, managerial officer, chief internal auditor, or other appropriate individual upon suspicion or discovery of any activity in violation of a law or regulation or the code of ethical conduct. To encourage employees to report illegal conduct, the company shall establish a concrete whistle-blowing system, permit report anonymously, and make employees aware that the Company will use its best efforts to ensure the safety ofinformantsand protect them from reprisals.	supervisor, or managerial officer works. The Company shall establish a policy aimed at preventing conflicts of interest, and shall offer appropriate means for directors, supervisors, and managerial officers to voluntarily explain whether there is any potential conflict between them and the Company. (2) - (6). Omitted. (7) Chief internal auditor or other appropriate individual reports. To encourage employees to report illegal conduct, the company shall establish a concrete whistle-blowing system, and make employees aware that the Company will use its best efforts to ensure the safety of informants and protect them from reprisals.

Attachment 4

YI JINN INDUSTRIAL CO.,LTD

Procedures for Ethical Management and Guidelines for Conduct

Article 1 (Purpose of adoption and scope of application)

The Company engages in commercial activities following the principles of fairness, honesty, faithfulness, and transparency, and in order to fully implement a policy of ethical management and actively prevent unethical conduct, these Procedures for Ethical Management and Guidelines for Conduct (hereinafter, "Procedures and Guidelines") are adopted pursuant to the provisions of the Ethical Corporate Management Best Practice Principles for TWSE/GTSM-Listed Companies and the applicable laws and regulations of the places where this Corporation and its business groups and organizations operate, with a view to providing all personnel of this Corporation with clear directions for the performance of their duties.

The scope of application of these Procedures and Guidelines includes the subsidiaries of the Company, any incorporated foundation in which the Company's accumulated contributions, direct or indirect, exceed 50 percent of the total funds of the foundation, and other group enterprises and organizations, such as institutions or juristic persons, substantially controlled by the Company.

Article 2 (Applicable subjects)

For the purposes of these Procedures and Guidelines, the term "personnel of the Company" refers to any director, supervisor, managerial officer, employee, mandatory or person having substantial control, of the Company or its group enterprises and organizations.

Any provision, promise, request, or acceptance of improper benefits by any personnel of the Company through a third party will be presumed to be an act by the personnel of the Company.

Article 3 (Unethical conduct)

For the purposes of these Procedures and Guidelines, "unethical conduct" means that any personnel of the Company, in the course of their duties, directly or indirectly provides, promises, requests, or accepts improper benefits or commits a breach of ethics, unlawful act, or breach of fiduciary duty for purposes of acquiring or maintaining benefits.

The counter parties of the unethical conduct under the preceding paragraph include public officials, political candidates, political parties or their staffs, and government-owned or private-owned enterprises or institutions and their directors, supervisors, managerial officers, employees, persons having substantial control, or other interested parties.

Article 4 (Types of benefits)
For the purposes of these Procedures and Guidelines, the term "benefits" means any money, gratuity, gift, commission, position, service, preferential treatment, rebate, facilitating payment, entertainment, dining, or any other item of value in whatever form or name.

Article 5 (Responsible unit)

The Company shall designate the general manager room of Taipei Company as the solely responsible unit (hereinafter, "the Company’s responsible unit") under the board of directors and in charge of the amendment, implementation, interpretation, and advisory services with respect to these Procedures and Guidelines, the recording and filing of reports, and the monitoring of implementation. The Company’s responsible unit shall be in charge of the following matters and also submit regular reports to the board of directors (at least one time each year):
Assisting in incorporating ethics and moral values into the Company's business strategy and adopting appropriate prevention measures against corruption and malfeasance to ensure ethical management in compliance with the requirements of laws and regulations.
Adopting programs to prevent unethical conduct and setting out in each program the standard operating procedures and conduct guidelines with respect to the Company's operations and business.
Planning the internal organization, structure, and allocation of responsibilities and setting up check-and-balance mechanisms for mutual supervision of the business activities within the business scope which are possibly at a higher risk for unethical conduct.
Promoting and coordinating awareness and educational activities with respect to ethics policy.
Developing a whistle-blowing system and ensuring its operating effectiveness.
Assisting the board of directors and management in auditing and assessing whether the prevention measures taken for the purpose of implementing ethical management are effectively operating, and preparing reports on the regular assessment of compliance with ethical management in operating procedures
Making and properly keeping the ethics policy and its following statements, the relevant documental information of implementing the commitment, and the implementation statements, etc.

Article 6 (Prohibition against providing or accepting improper benefits)

Except under one of the following circumstances, when providing, accepting, promising, or requesting, directly or indirectly, any benefits as specified in Article 4, the conduct of the given personnel of this Corporation shall comply with the provisions of the Ethical Corporate Management Best Practice Principles for TWSE/GTSM-Listed Companies and these Procedures and Guidelines, and the relevant procedures shall have been carried out:
The conduct is undertaken to meet business needs and is in accordance with local courtesy, convention, or custom during domestic (or foreign) visits, reception of guests, promotion of business, and communication and coordination.
The conduct has its basis in ordinary social activities that are attended or others are invited to hold in line with accepted social custom, commercial purposes, or developing relationships.
Invitations to guests or attendance at commercial activities or factory visits in relation to business needs, when the method of fee payment, number of participants, class of accommodations, and the time period for the event or visit have been specified in advance.
Attendance at folk festivals that are open to and invite the attendance of the general public.
Rewards, emergency assistance, condolence payments, or honorariums from the management.
Other conduct that complies with the rules of the Company.

Article 7 (Procedures for handling the acceptance of improper benefits)

Except under any of the circumstances set forth in the preceding article, when any personnel of the Company are provided with or are promised, either directly or indirectly, any benefits as specified in Article 4 by a third party, the matter shall be handled in accordance with the following procedures:

If there is no relationship of interest between the party providing or offering the benefit and the official duties of this Corporation's personnel, the personnel shall report to their immediate supervisor within 3 days from the acceptance of the benefit, and the responsible unit shall be notified if necessary.
If a relationship of interest does exist between the party providing or offering the benefit and the official duties of the Company's personnel, the personnel shall return or refuse the benefit, and shall report to his or her immediate supervisor and notify the responsible unit. When the benefit cannot be returned, then within 3 days from the acceptance of the benefit, the personnel shall refer the matter to the responsible unit for handling.

"A relationship of interest between the party providing or offering the benefit and the official duties of the Company's personnel," as referred to in the preceding paragraph, refers to one of the following circumstances:

When the two parties have commercial dealings, a relationship of direction and supervision, or subsidies (or rewards) for expenses.
When a contracting, trading, or other contractual relationship is being sought, is in progress, or has been established.
Other circumstances in which a decision regarding the Company's business, or the execution or non-execution of business, will result in a beneficial or adverse impact.

The responsible unit of the Company shall make a proposal, based on the nature and value of the benefit under paragraph 1, that it be returned, accepted on payment, given to the public, donated to charity, or handled in another appropriate manner. The proposal shall be implemented after being reported and approved.

Article 8 (Prohibition of and handling procedure for facilitating payments)

The Company shall neither provide nor promise any facilitating payment.

If any personnel of the Company provides or promises a facilitating payment under threat or intimidation, they shall submit a report to their immediate supervisor stating the facts and shall notify the responsible unit.

Upon receipt of the report under the preceding paragraph, the responsible unit shall take immediate action and undertake a review of relevant matters in order to minimize the risk of recurrence. In a case involving alleged illegality, the Company’s responsible unit shall also immediately report to the relevant judicial agency.

Article 9 (Procedures for handling political contributions)

Political contributions by the Company shall be made in accordance with the following provisions, reported to the supervisor in charge for approval:

It shall be ascertained that the political contribution is in compliance with the laws and regulations governing political contributions in the country in which the recipient is located, including the maximum amount and the form in which a contribution may be made.
A written record of the decision-making process shall be kept.
Account entries shall be made for all political contributions in accordance with applicable laws and regulations and relevant procedures for accounting treatment.
In making political contributions, commercial dealings, applications for permits, or carrying out other matters involving the interests of the Company with the related government agencies shall be avoided.
Article 10 (Procedures for handling charitable donations or sponsorships) Charitable donations or sponsorships by the Company shall be provided in accordance with the following provisions and reported to the supervisor in charge for approval, and a notification shall be given to the responsible unit. When the amount is NT$ 30 million or more, the donation or sponsorship shall be provided only after it has been submitted for adoption by the board of directors:
It shall be ascertained that the donation or sponsorship is in compliance with the laws and regulations of the country where the Company is doing business.
A written record of the decision making process shall be kept.
A charitable donation shall be given to a valid charitable institution and may not be a disguised form of bribery.
The returns received as a result of any sponsorship shall be specific and reasonable, and the subject of the sponsorship may not be a counter party of the Company's commercial dealings or a party with which any personnel of the Company has a relationship of interest.
After a charitable donation or sponsorship has been given, it shall be ascertained that the destination to which the money flows is consistent with the purpose of the contribution.

Article 11 (Recusal)

When a Company director , supervisor, officer or other stakeholder attending or present at a board meeting, or the juristic person represented thereby, has a stake in a proposal at the meeting , that director, supervisor, officer or stakeholder shall state the important aspects of the stake in the meeting and, where there is a likelihood that the interests of the Company would be prejudiced, may not participate in the discussion or vote on that proposal, shall recuse himself or herself from any discussion and voting, and may not exercise voting rights as proxy on behalf of another director. The directors shall exercise discipline among themselves, and may not support each other in an inappropriate manner.

If in the course of conducting company business, any personnel of the Company discovers that a potential conflict of interest exists involving themselves or the juristic person that they represent, or that they or their spouse, parents, children, or a person with whom they have a relationship of interest is likely to obtain improper benefits, the personnel shall report the relevant matters to both his or her immediate supervisor and the responsible unit, and the immediate supervisor shall provide the personnel with proper instructions.

No personnel of the Company may use company resources on commercial activities other than those of the Company, nor may any personnel's job performance be affected by his or her involvement in the commercial activities other than those of the Company.

Article 12 (Special unit in charge of confidentiality regime and its responsibilities)

The Company shall set up a special unit charged with formulating and implementing procedures for managing, preserving, and maintaining the confidentiality of the Company's trade secrets, trademarks, patents, works and other intellectual properties and it shall also conduct periodical reviews on the results of implementation to ensure the sustained effectiveness of the confidentiality procedures.

All personnel of the Company shall faithfully follow the operational directions pertaining to intellectual properties as mentioned in the preceding paragraph and may not disclose to any other party any trade secrets, trademarks, patents, works, and other intellectual properties of the Company of which they have learned, nor may they inquire about or collect any trade secrets, trademarks, patents, and other intellectual properties of the Company unrelated to their individual duties.

Article 13 (Prohibition against disclosure of confidential information)

The Company shall follow the Fair Trade Act and applicable competition laws and regulations when engaging in business activities, and may not fix prices, make rigged bids, establish output restrictions or quotas, or share or divide markets by allocating customers, suppliers, territories, or lines of commerce.

Article 14 (Prohibition against insider trading)

The Company shall collect and understand the applicable laws and regulations and international standards governing its products and services which it shall observe and gather and publish all guidelines to cause personnel of the Company to ensure the transparency of information about, and safety of, the products and services in the course of their research and development, procurement, manufacture, provision, or sale of products and services.

The Company shall adopt and publish on its website a policy on the protection of the rights and interests of consumers or other stakeholders to prevent its products and services from directly or indirectly damaging the rights and interests, health, and safety of consumers or other stakeholders. Where there are media reports, or sufficient facts to determine, that the Company's products or services are likely to pose any hazard to the safety and health of consumers or other stakeholders, the Company shall, within 30 days, recall those products or suspend the services, verify the facts and present a review and improvement plan.

The responsible unit of the Company shall report the event as in the preceding paragraph, actions taken, and subsequent reviews and corrective measures taken to the board of directors.

Article 15 (Non-disclosure agreement)

All Company personnel shall adhere to the provisions of the Securities and Exchange Act, and may not take advantage of undisclosed information of which they have learned to engage in insider trading. Personnel are also prohibited from divulging undisclosed information to any other party, in order to prevent other party from using such information to engage in insider trading.

Any organization or person outside of the Company that is involved in any merger, demerger, acquisition and share transfer, major memorandum of understanding, strategic alliance, other business partnership plan, or the signing of a major contract by the Company shall be required to sign a non-disclosure agreement in which they undertake not to disclose to any other party any trade secret or other material information of the Company acquired as a result, and that they may not use such information without the prior consent of the Company.

Article 16 (Following and announcement of policy of ethical management)

The Company shall request directors and senior management to prepare a statement about following an ethical management policy, and request employees to follow ethical management policy in the hiring conditions.

The Company shall disclose its policy of ethical management in its internal rules, annual reports, on the company's websites, and in other promotional materials, and shall make timely announcements of the policy in events held for outside parties such as product launches and investor press conferences, in order to make its suppliers, customers, and other business-related institutions and personnel fully aware of its principles and rules with respect to ethical management.

Article 17

(Ethical management evaluation prior to development of commercial relationships)

Before developing a commercial relationship with another party, such as an agent, supplier, customer, or other counter party in commercial dealings, the Company shall evaluate the legality and ethical management policy of the party and ascertain whether the party has a record of involvement in unethical conduct, in order to ensure that the party conducts business in a fair and transparent manner and will not request, offer, or take bribes.

When the Company carries out the evaluation under the preceding paragraph, it may adopt appropriate audit procedures for a review of the counter party with which it will have commercial dealings with respect to the following matters, in order to gain a comprehensive knowledge of its ethical management:

The enterprise's nationality, location of business operations, organizational structure, and management policy, and place where it will make payment.
Whether the enterprise has adopted an ethical management policy, and the status of its implementation.
Whether enterprise's business operations are located in a country with a high risk of corruption.
Whether the business operated by the enterprise is in an industry with a high risk of bribery.
The long-term business condition and degree of goodwill of the enterprise.
Consultation with the enterprise's business partners on their opinion of the enterprise.
Whether the enterprise has a record of involvement in unethical conduct such as bribery or illegal political contributions.

Article 18

(Statement of ethical management policy to counter parties in commercial dealings)

Any personnel of the Company, when engaging in commercial activities, shall make a statement to the trading counter party about the Company's ethical management policy and related rules, and shall clearly refuse to provide, promise, request, or accept, directly or indirectly, any improper benefit in whatever form or name.

Article 19 (Avoidance of commercial dealings with unethical operators)

All personnel of the Company shall avoid business transactions with an agent, supplier, customer, or other counter party in commercial interactions that is involved in unethical conduct. When the counter party or partner in cooperation is found to have engaged in unethical conduct, the

personnel shall immediately cease dealing with the counter party and blacklist it for any further business interaction in order to effectively implement the Company's ethical management policy.

Article 20 (Stipulation of terms of ethical management in contracts)

Before entering into a contract with another party, the Company shall gain a thorough knowledge of the status of the other party's ethical management, and shall make observance of the ethical management policy of the Company part of the terms and conditions of the contract, stipulating at the least the following matters:
When a party to the contract becomes aware that any personnel has violated the terms and conditions pertaining to prohibition of acceptance of commissions, rebates, or other improper benefits, the party shall immediately notify the other party of the violator's identity, the manner in which the provision, promise, request, or acceptance was made, and the monetary amount or other improper benefit that was provided, promised, requested, or accepted. The party shall also provide the other party with pertinent evidence and cooperate fully with the investigation. If there has been resultant damage to either party, the party may claim from damages, and may also deduct the full amount of the damages from the contract price payable.
Where a party is discovered to be engaged in unethical conduct in its commercial activities, the other party may terminate or rescind the contract unconditionally at any time.
Specific and reasonable payment terms, including the place and method of payment and the requirement for compliance with related tax laws and regulations.

Article 21 (Handling of unethical conduct by personnel of the Company)

As an incentive to insiders and outsiders for informing of unethical or unseemly conduct, the Company will grant a reward depending the seriousness of the circumstance concerned, insiders having made a false report or malicious accusation shall be subject to disciplinary action and be removed from office if the circumstance concerned is material.

The Company shall internally establish and publicly announce on its website and the intranet, or provide through an independent external institution, an independent mailbox or hotline, for Company insiders and outsiders to submit reports. A whistleblower shall at least furnish the following information:

The whistleblower ’ s name and I.D. number, and an address, telephone number and e-mail address where it can be reached.
The informed party's name or other information sufficient to distinguish its identifying features.
Specific facts available for investigation.

The Company personnel handling whistle-blowing matters shall represent in writing they will keep the whistleblowers ’ identity and contents of information confidential, the Company also undertakes to protect the whistleblowers from improper treatment due to their whistle-blowing.

The responsible unit of the Company shall observe the following procedure:

The accusation shall be reported to the department head if involving the rank and file and to an independent director or supervisor if involving a director or a senior executive.
The responsible unit of the Company and the department head or personnel being reported to in the preceding subparagraph shall immediately verify the facts and, where necessary, with the assistance of the legal compliance or other related department.
If a person being informed of is confirmed to have indeed violated the applicable laws and regulations or the Company's policy and regulations of ethical management, the Company shall immediately require the violator to cease the conduct and shall make an appropriate disposition. When necessary, the Company will institute legal proceedings and seek damages to safeguard its reputation and its rights and interests.
Documentation of case acceptance, investigation processes and investigation results shall be retained for five years and may be retained electronically. In the event of a suit in respect of the whistleblowing case before the retention period expires, the relevant information shall continue to be retained until the conclusion of the litigation.
With respect to a confirmed information, the Company shall charge relevant units with the task of reviewing the internal control system and relevant procedures and proposing corrective measures to prevent recurrence.
The responsible unit of the Company shall submit to the board of directors a report on the whistleblowing case, actions taken, and subsequent reviews and corrective measures.

Article 22

(Actions upon event of unethical conduct by others towards this Corporation)

If any personnel of the Company discovers that another party has engaged in unethical conduct towards the Company, and such unethical conduct involves alleged illegality, the Company shall report the relevant facts to the judicial and prosecutorial authorities; where a public service agency or public official is involved, the Company shall additionally notify the governmental anti-corruption agency.

Article 23

(Establishment of a system for rewards, penalties, and complaints, and related disciplinary measures)

The responsible unit of the Company shall organize the awareness sessions one time each year and arrange for the chairperson, general manager, or senior management to communicate the importance of ethics to its directors, employees, and the mandatary.

The Company shall link ethical management to employee performance evaluations and human resources policy, and establish clear and effective systems for rewards, penalties, and complaints. If any personnel of the Company seriously violates ethical conduct, the Company shall dismiss the personnel from his or her position or terminate his or her employment in accordance with applicable laws and regulations or the personnel policy and procedures of the Company.

The Company shall disclose on its intranet information the name and title of the violator, the date and details of the violation, and the actions taken in response.

Article 24 (Enforcement)

These Procedures and Guidelines, and any amendments hereto, shall be implemented after adoption by resolution of the board of directors, and shall be delivered to each supervisor and reported to the shareholders meeting.

When these Procedures and Guidelines are submitted to the board of directors for discussion, each independent director's opinions shall be taken into full consideration, and their objections and reservations expressed shall be recorded in the minutes of the board of directors meeting. An independent director that is unable to attend a board meeting in person to express objection or reservation shall provide a written opinion before the board meeting unless there is a legitimate reason to do otherwise, and the opinion shall be recorded in the minutes of the board of directors meeting.

Attachment 5

Independent auditors’ report

The board of directors

Yi Jinn Industrial Corp., Limited.

Opinion

We have audited the accompanying parent company only financial statements of Yi Jinn Industrial Co., Ltd., (the “company”) which comprise the parent company only financial statements as of December 31, 2020 and 2019, and parent company only statements of comprehensive income, changes in equity and cash flows for the years ends December 31, 2020 and 2019, and the notes to the parent company only financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying parent company only financial statements represents fairly, in all material respects, the parent company only financial position of the Company as of December 31, 2020 and 2019, 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(IFRSs), International Accounting Standards(IASs), 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 auditing standards generally accepted in the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the audit of the parent company only financial statements section of out 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 out 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 out audit of the parent company only financial statements for the year ended December 31, 2020. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and un forming out opinion thereon, and we do not provide a separate opinion on these matters.

Key audit matters for the company’s parent company only financial statements for the year ended December 31, 2020 are stated as follows:

Revenue recognition
Please refer to Note 4 (15) “revenue recognition” and for more details please refer to Note 6 (18) “revenue from contracts with customers” of the parent company only financial statement. Description of the key audit matters:

The Group is primarily involved in the manufacturing polyester yarn, polyester draw textured yarn, tetoron fabric and woven fabric. The main concern is the authentication of the revenue. Operating revenue highly depends on the economic fluctuations. Therefore, we determined that the revenue recognition as key audit matters.

How the matter was addressed in our audit?

Our principal audit procedures included: Our audit procedure related to the evaluating the controls of sales and cycle of payment; reviewing and adjusting the record of sales system and general ledger; performing sales cut-off test of a period before and after the reporting date by vouching relevant documents of sales transactions to determine whether sales transactions have been appropriately recognised; assessing whether the revenue recognition was performed in accordance with the Group.

2. Accounts receivable valuation

Please refer to the Note 4 (6) “Financial Instrument”, Note 5 (1) “significant accounting assumptions and judgement, and major source of estimation uncertainty”, Note 6 (4) “account receivable” of the parent company only financial statement.

Description of the key audit matters:

The Group with distributors in different region and the financial status of the clients might have a risk in account receivable. Therefore, we determined that the account receivable valuation is a key audit matter.

How the matter was addressed in our audit?

Our Principal audit procedures included: expected credit impairment loss of account receivable; understand the environment of the industry, customers credit investigation and past record; understanding the accounting policy of expected credit impairment loss of account receivable; sampling and inspecting the suitability of the expected credit impairment loss of account receivable.

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 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 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 operation, or has no realistic alternative but to do so.

Those charged with governance (including members of the Audit Committee) are responsible for overseeing the Company’s financial reporting process.

Auditor’s 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 auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with the auditing standards generally accepted in the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these parent company only financial statements.

As part of an audit in accordance with the auditing standards generally accepted in the Republic of China, we exercise professional judgment and maintain professional scepticism 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.
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 disclosure 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 for 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 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.

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 parent company only financial statements for the year ended December 31, 2020 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 reasonable be expected to outweigh the public interest benefits of such communication.

KPMG

Chang Shu-Ying

Auditors:

Chih Shih-Chin

The reference No. Taiwan-Financial-Securitiesnumber of the VI-0940100754 FSC approval No. Financial-SupervisoryLetter: Securities-auditing- 1020000737

March 25, 2021

Yi Jinn Industrial Co., Ltd.

Parent Company Only Balance Sheet

December 31, 2020 and 2019

In Thousands of New Taiwan Dollars December 31, 2020 December 31, 2019 Amount ％ Amount ％ $ 145,998 2 192,496 2 401,766 5 54,782 1 4,479 - 30,242 - 282,458 4 332,557 4 5,858 - 1,126 - 49,257 1 252,670 3 3,950 - 2,224 - - - 1,396,256 16 14,646 - 298,159 3 15,229 - 487 - 923,641 12 2,560,999 29 2,149,321 27 2,164,581 25 421,194 5 330,141 4 40,564 - 82,669 1 4,145,826 52 3,338,606 38 28,469 - 34,118 - 484 - 484 - 285,540 4 303,456 3 7,071,398 88 6,254,055 71 $ 7,995,039 100 8,815,054 100	In Thousands of New Taiwan Dollars December 31, 2020 December 31, 2019 Amount ％ Amount ％ $ 145,998 2 192,496 2 401,766 5 54,782 1 4,479 - 30,242 - 282,458 4 332,557 4 5,858 - 1,126 - 49,257 1 252,670 3 3,950 - 2,224 - - - 1,396,256 16 14,646 - 298,159 3 15,229 - 487 - 923,641 12 2,560,999 29 2,149,321 27 2,164,581 25 421,194 5 330,141 4 40,564 - 82,669 1 4,145,826 52 3,338,606 38 28,469 - 34,118 - 484 - 484 - 285,540 4 303,456 3 7,071,398 88 6,254,055 71 $ 7,995,039 100 8,815,054 100	In Thousands of New Taiwan Dollars December 31, 2020 December 31, 2019 Amount ％ Amount ％ $ 145,998 2 192,496 2 401,766 5 54,782 1 4,479 - 30,242 - 282,458 4 332,557 4 5,858 - 1,126 - 49,257 1 252,670 3 3,950 - 2,224 - - - 1,396,256 16 14,646 - 298,159 3 15,229 - 487 - 923,641 12 2,560,999 29 2,149,321 27 2,164,581 25 421,194 5 330,141 4 40,564 - 82,669 1 4,145,826 52 3,338,606 38 28,469 - 34,118 - 484 - 484 - 285,540 4 303,456 3 7,071,398 88 6,254,055 71 $ 7,995,039 100 8,815,054 100	In Thousands of New Taiwan Dollars December 31, 2020 December 31, 2019 Amount ％ Amount ％ $ 145,998 2 192,496 2 401,766 5 54,782 1 4,479 - 30,242 - 282,458 4 332,557 4 5,858 - 1,126 - 49,257 1 252,670 3 3,950 - 2,224 - - - 1,396,256 16 14,646 - 298,159 3 15,229 - 487 - 923,641 12 2,560,999 29 2,149,321 27 2,164,581 25 421,194 5 330,141 4 40,564 - 82,669 1 4,145,826 52 3,338,606 38 28,469 - 34,118 - 484 - 484 - 285,540 4 303,456 3 7,071,398 88 6,254,055 71 $ 7,995,039 100 8,815,054 100
Amount		Amount
$ 145,998 401,766 4,479 282,458 5,858 49,257 3,950 - 14,646 15,229		192,496 54,782 30,242 332,557 1,126 252,670 2,224 1,396,256 298,159 487
923,641	12	2,560,999	29
2,149,321 421,194 40,564 4,145,826 28,469 484 285,540	27 5 - 52 - - 4	2,164,581 330,141 82,669 3,338,606 34,118 484 303,456	25 4 1 38 - - 3
7,071,398	88	6,254,055	71
$ 7,995,039	100	8,815,054	100

Yi Jinn Industrial Co., Ltd.

Parent Company Only Balance Sheet

December 31, 2020 and 2019

In Thousands of New Taiwan Dollars

December 31, 2020 Amount % $ 440,000 6 2,553 - 39,469 - 88,485 1 24,601 - - - 206,738 3 1,581 -	December 31, 2020 Amount % $ 440,000 6 2,553 - 39,469 - 88,485 1 24,601 - - - 206,738 3 1,581 -	December 31, 2019 Amount % 1,382,309 16 177 - 36,190 - 53,460 1 68,656 1 7,979 - 751,106 8 350,776 4	December 31, 2019 Amount % 1,382,309 16 177 - 36,190 - 53,460 1 68,656 1 7,979 - 751,106 8 350,776 4
Amount		Amount
$ 440,000 2,553 39,469 88,485 24,601 - 206,738 1,581		1,382,309 177 36,190 53,460 68,656 7,979 751,106 350,776
803,427	10	2,650,653	30
2,515,422 59,886	31 1	1,997,019 33,807	23 -
2,575,308	32	2,030,826	23
3,378,735	42	4,681,479	53
3,016,476 458,206 1,401,974 65,111 (325,463)	38 6 17 1 (4)	3,016,476 419,079 1,043,639 (20,939) (324,680)	34 5 12 - (4)
4,616,304	58	4,133,575	47
$ 7,995,039	100	8,815,054	100

(The accompanying notes are an integral part of the parent company only financial statements

Managerial Officer ： Weng, Mao-Cheng

Chairman: Zhan, Zheng-Tian

Accounting Supervisor: Lai, Yu-Min

Yi Jinn Industrial Co., Ltd.

Statement of Comprehensive Income

For the years ended December 31, 2020 and 2019

In Thousands of New Taiwan Dollars Year 2020 Year 2019 Amount ％ Amount ％ $ 815,566 101 921,713 101 56 - 1,609 - 7,918 1 7,248 1 807,592 100 912,856 100 617,973 77 623,569 68 189,619 23 289,287 32 40,124 5 34,990 4 55,178 7 50,899 6 95,302 12 85,889 10 973,130 120 - - 973,130 120 - - 1,067,447 131 203,398 22 7,371 1 2,120 - (31,021) (4) (4,861) (1) (43,299) (5) (62,140) (7) - - (58,741) (6) (117,433) (15) 203,679 22 (184,382) (23) 80,057 8 883,065 108 283,455 30 163,173 20 8,108 1 719,892 88 275,347 29 (75,635) (9) (45,044) (5) 644,257 79 230,303 24 91,053 11 (26,453) (3) 10,723 1 (2,359) - - - - - 101,776 12 (28,812) (3) $ 746,033 91 201,491 21 $ 3.23 1.22 (0.34) (0.20) $ 2.89 1.02 $ 3.22 1.22 (0.34) (0.20) $ 2.88 1.02	In Thousands of New Taiwan Dollars Year 2020 Year 2019 Amount ％ Amount ％ $ 815,566 101 921,713 101 56 - 1,609 - 7,918 1 7,248 1 807,592 100 912,856 100 617,973 77 623,569 68 189,619 23 289,287 32 40,124 5 34,990 4 55,178 7 50,899 6 95,302 12 85,889 10 973,130 120 - - 973,130 120 - - 1,067,447 131 203,398 22 7,371 1 2,120 - (31,021) (4) (4,861) (1) (43,299) (5) (62,140) (7) - - (58,741) (6) (117,433) (15) 203,679 22 (184,382) (23) 80,057 8 883,065 108 283,455 30 163,173 20 8,108 1 719,892 88 275,347 29 (75,635) (9) (45,044) (5) 644,257 79 230,303 24 91,053 11 (26,453) (3) 10,723 1 (2,359) - - - - - 101,776 12 (28,812) (3) $ 746,033 91 201,491 21 $ 3.23 1.22 (0.34) (0.20) $ 2.89 1.02 $ 3.22 1.22 (0.34) (0.20) $ 2.88 1.02	In Thousands of New Taiwan Dollars Year 2020 Year 2019 Amount ％ Amount ％ $ 815,566 101 921,713 101 56 - 1,609 - 7,918 1 7,248 1 807,592 100 912,856 100 617,973 77 623,569 68 189,619 23 289,287 32 40,124 5 34,990 4 55,178 7 50,899 6 95,302 12 85,889 10 973,130 120 - - 973,130 120 - - 1,067,447 131 203,398 22 7,371 1 2,120 - (31,021) (4) (4,861) (1) (43,299) (5) (62,140) (7) - - (58,741) (6) (117,433) (15) 203,679 22 (184,382) (23) 80,057 8 883,065 108 283,455 30 163,173 20 8,108 1 719,892 88 275,347 29 (75,635) (9) (45,044) (5) 644,257 79 230,303 24 91,053 11 (26,453) (3) 10,723 1 (2,359) - - - - - 101,776 12 (28,812) (3) $ 746,033 91 201,491 21 $ 3.23 1.22 (0.34) (0.20) $ 2.89 1.02 $ 3.22 1.22 (0.34) (0.20) $ 2.88 1.02	In Thousands of New Taiwan Dollars Year 2020 Year 2019 Amount ％ Amount ％ $ 815,566 101 921,713 101 56 - 1,609 - 7,918 1 7,248 1 807,592 100 912,856 100 617,973 77 623,569 68 189,619 23 289,287 32 40,124 5 34,990 4 55,178 7 50,899 6 95,302 12 85,889 10 973,130 120 - - 973,130 120 - - 1,067,447 131 203,398 22 7,371 1 2,120 - (31,021) (4) (4,861) (1) (43,299) (5) (62,140) (7) - - (58,741) (6) (117,433) (15) 203,679 22 (184,382) (23) 80,057 8 883,065 108 283,455 30 163,173 20 8,108 1 719,892 88 275,347 29 (75,635) (9) (45,044) (5) 644,257 79 230,303 24 91,053 11 (26,453) (3) 10,723 1 (2,359) - - - - - 101,776 12 (28,812) (3) $ 746,033 91 201,491 21 $ 3.23 1.22 (0.34) (0.20) $ 2.89 1.02 $ 3.22 1.22 (0.34) (0.20) $ 2.88 1.02
Amount		Amount
$ 815,566 56 7,918		921,713 1,609 7,248
807,592 617,973	100 77	912,856 623,569	100 68
189,619	23	289,287	32
40,124 55,178	5 7	34,990 50,899	4 6
95,302	12	85,889	10
973,130	120	-	-
973,130	120	-	-
1,067,447	131	203,398	22
7,371 (31,021) (43,299) - (117,433)	1 (4) (5) - (15)	2,120 (4,861) (62,140) (58,741) 203,679	- (1) (7) (6) 22
(184,382)	(23)	80,057	8
883,065 163,173	108 20	283,455 8,108	30 1
719,892	88	275,347	29
(75,635)	(9)	(45,044)	(5)
644,257	79	230,303	24
91,053 10,723 -	11 1 -	(26,453) (2,359) -	(3) - -
101,776	12	(28,812)	(3)
$ 746,033	91	201,491	21
$ $ $ $	3.23 (0.34)		1.22 (0.20)
	2.89		1.02
	3.22 (0.34)		1.22 (0.20)
	2.88		1.02

(The accompanying notes are an integral part of the parent company only financial statements

Managerial Officer ： Weng, Mao-Cheng

Chairman: Zhan, Zheng-Tian

Accounting Supervisor: Lai, Yu-Min

Yi Jinn Industrial Co., Ltd. Statement of Changes in Equity For the years ended December 31, 2020 and 2019

Common Stock	Capital Surplus		Retained	Earnings		In Thousands of New Other equityitems Unrealized gain or losses on FVTOCI financial assets TreasuryStock 7,873 (298,476) - - (28,812) -	In Thousands of New Other equityitems Unrealized gain or losses on FVTOCI financial assets TreasuryStock 7,873 (298,476) - - (28,812) -	Taiwan Dollard Total Equity 4,272,854 230,303 (28,812)
						Unrealized gain or losses on FVTOCI financial assets
		Legal Reserve	Special Reserve	Undistributed retained earnings	Total
$ 3,016,476 - -	367,960 - -	139,741 - -	4,425 - -			7,873 - (28,812)	(298,476) - -
					1,179,021 230,303 -
				1,034,855 230,303 -
-	-	-	-	230,303	230,303	(28,812)	-	201,491
- - - - - - -	- - - - 41,356 1,409 8,354	49,538 - - - - - -	- (4,425) - - - - -	(49,538) 4,425 (361,977) - - - (3,708)	- - (361,977) - - - (3,708)	- - - - - - -	- - - (26,204) - - -	- - (361,977) (26,204) 41,356 1,409 4,646
3,016,476 - -	419,079 - -	189,279 - -	- - -	854,360 644,257 -	1,043,639 644,257 -	(20,939) - 101,776	(324,680) - -	4,133,575 644,257 101,776
-	-	-	-	644,257	644,257	101,776	-	746,033
- - - - - - - -	- - - - 37,779 5,871 (4,523) -	23,030 - - - - - - -	- 20,939 - - - - - -	(23,030) (20,939) (301,648) - - - - 15,726	- - (301,648) - - - - 15,726	- - - - - - - (15,726)	- - - (783) - - - -	- - (301,648) (783) 37,779 5,871 (4,523) -
$ 3,016,476	458,206	212,309	20,939	1,168,726	1,401,974	65,111	(325,463)	4,616,304

(The accompanying notes are an integral part of the parent company only financial statements

Chairman: Zhan, Zheng-Tian

Managerial Officer ： Weng, Mao-Cheng Accounting Supervisor: Lai, Yu-Min

Yi Jinn Industrial Co., Ltd. Statements of Cash Flows

For the years ended December 31, 2020 and 2019

In Thousands of New Taiwan Dollars Year 2020 Year 2019 Cash flow from operating activities: Income from continuing operation before income tax $ 883,065 283,455 Loss from discontinued operation (75,635) (45,044) Net income before income tax 807,430 238,411 Adjustment for`：` Income and expense Depreciation expense 16,014 52,302 Amortization expense 944 4,239 Expected credit impairment (reversal gains) losses (378) 58,741 Valuation gain on financial investments (46,441) (2,382) Interest expense 43,299 62,140 Interest income (23) (157) Dividend income (5,181) (1,083) Share of profit(loss) of associates and joint ventures accounted for using equity method 117,433 (203,679) Loss on disposal of property, plant and equipment 5,893 88 Disposal of non-current interests held for sale (973,130) - Impairment loss on non-financial assets 45,262 - Total adjustments to reconcile profit (loss) (796,308) (29,791) Changes in operating assets and liabilities Changes in operating assets: Financial assets at fair value through profit or loss, mandatorily measured at fair value (300,543) (4,564) Notes receivable 25,763 4,914 Accounts receivable 50,477 (18,455) Another receivable (4,732) 876 Current inventories 203,413 35,533 Prepayments (1,726) 24,928 Other current assets (14,742) 5,949 Other financial assets (13,330) 5,896 Total changes in operating assets (55,420) 55,077 Changes in operating liabilities: Contract liabilities 2,376 (8,838) Nates payable 3,279 (54,822) Accounts payable 35,025 6,655 Other payable (43,285) (22,869) Other current liabilities (2,998) 12,175 total changes in operating liabilities (5,603) (67,699) Total changes in operating assets and liabilities (61,023) (12,622) Total adjustment (857,331) (42,413) Net cash generated (used) by operating activities (49,901) 195,998 Interest received 23 174 Interest paid (44,069) (63,193) Income taxes paid (165,503) (33,035) Net cash generated (used) by operating activities (259,450) 99,944	In Thousands of New Taiwan Dollars Year 2020 Year 2019 Cash flow from operating activities: Income from continuing operation before income tax $ 883,065 283,455 Loss from discontinued operation (75,635) (45,044) Net income before income tax 807,430 238,411 Adjustment for`：` Income and expense Depreciation expense 16,014 52,302 Amortization expense 944 4,239 Expected credit impairment (reversal gains) losses (378) 58,741 Valuation gain on financial investments (46,441) (2,382) Interest expense 43,299 62,140 Interest income (23) (157) Dividend income (5,181) (1,083) Share of profit(loss) of associates and joint ventures accounted for using equity method 117,433 (203,679) Loss on disposal of property, plant and equipment 5,893 88 Disposal of non-current interests held for sale (973,130) - Impairment loss on non-financial assets 45,262 - Total adjustments to reconcile profit (loss) (796,308) (29,791) Changes in operating assets and liabilities Changes in operating assets: Financial assets at fair value through profit or loss, mandatorily measured at fair value (300,543) (4,564) Notes receivable 25,763 4,914 Accounts receivable 50,477 (18,455) Another receivable (4,732) 876 Current inventories 203,413 35,533 Prepayments (1,726) 24,928 Other current assets (14,742) 5,949 Other financial assets (13,330) 5,896 Total changes in operating assets (55,420) 55,077 Changes in operating liabilities: Contract liabilities 2,376 (8,838) Nates payable 3,279 (54,822) Accounts payable 35,025 6,655 Other payable (43,285) (22,869) Other current liabilities (2,998) 12,175 total changes in operating liabilities (5,603) (67,699) Total changes in operating assets and liabilities (61,023) (12,622) Total adjustment (857,331) (42,413) Net cash generated (used) by operating activities (49,901) 195,998 Interest received 23 174 Interest paid (44,069) (63,193) Income taxes paid (165,503) (33,035) Net cash generated (used) by operating activities (259,450) 99,944	In Thousands of New Taiwan Dollars Year 2020 Year 2019 Cash flow from operating activities: Income from continuing operation before income tax $ 883,065 283,455 Loss from discontinued operation (75,635) (45,044) Net income before income tax 807,430 238,411 Adjustment for`：` Income and expense Depreciation expense 16,014 52,302 Amortization expense 944 4,239 Expected credit impairment (reversal gains) losses (378) 58,741 Valuation gain on financial investments (46,441) (2,382) Interest expense 43,299 62,140 Interest income (23) (157) Dividend income (5,181) (1,083) Share of profit(loss) of associates and joint ventures accounted for using equity method 117,433 (203,679) Loss on disposal of property, plant and equipment 5,893 88 Disposal of non-current interests held for sale (973,130) - Impairment loss on non-financial assets 45,262 - Total adjustments to reconcile profit (loss) (796,308) (29,791) Changes in operating assets and liabilities Changes in operating assets: Financial assets at fair value through profit or loss, mandatorily measured at fair value (300,543) (4,564) Notes receivable 25,763 4,914 Accounts receivable 50,477 (18,455) Another receivable (4,732) 876 Current inventories 203,413 35,533 Prepayments (1,726) 24,928 Other current assets (14,742) 5,949 Other financial assets (13,330) 5,896 Total changes in operating assets (55,420) 55,077 Changes in operating liabilities: Contract liabilities 2,376 (8,838) Nates payable 3,279 (54,822) Accounts payable 35,025 6,655 Other payable (43,285) (22,869) Other current liabilities (2,998) 12,175 total changes in operating liabilities (5,603) (67,699) Total changes in operating assets and liabilities (61,023) (12,622) Total adjustment (857,331) (42,413) Net cash generated (used) by operating activities (49,901) 195,998 Interest received 23 174 Interest paid (44,069) (63,193) Income taxes paid (165,503) (33,035) Net cash generated (used) by operating activities (259,450) 99,944	In Thousands of New Taiwan Dollars Year 2020 Year 2019 Cash flow from operating activities: Income from continuing operation before income tax $ 883,065 283,455 Loss from discontinued operation (75,635) (45,044) Net income before income tax 807,430 238,411 Adjustment for`：` Income and expense Depreciation expense 16,014 52,302 Amortization expense 944 4,239 Expected credit impairment (reversal gains) losses (378) 58,741 Valuation gain on financial investments (46,441) (2,382) Interest expense 43,299 62,140 Interest income (23) (157) Dividend income (5,181) (1,083) Share of profit(loss) of associates and joint ventures accounted for using equity method 117,433 (203,679) Loss on disposal of property, plant and equipment 5,893 88 Disposal of non-current interests held for sale (973,130) - Impairment loss on non-financial assets 45,262 - Total adjustments to reconcile profit (loss) (796,308) (29,791) Changes in operating assets and liabilities Changes in operating assets: Financial assets at fair value through profit or loss, mandatorily measured at fair value (300,543) (4,564) Notes receivable 25,763 4,914 Accounts receivable 50,477 (18,455) Another receivable (4,732) 876 Current inventories 203,413 35,533 Prepayments (1,726) 24,928 Other current assets (14,742) 5,949 Other financial assets (13,330) 5,896 Total changes in operating assets (55,420) 55,077 Changes in operating liabilities: Contract liabilities 2,376 (8,838) Nates payable 3,279 (54,822) Accounts payable 35,025 6,655 Other payable (43,285) (22,869) Other current liabilities (2,998) 12,175 total changes in operating liabilities (5,603) (67,699) Total changes in operating assets and liabilities (61,023) (12,622) Total adjustment (857,331) (42,413) Net cash generated (used) by operating activities (49,901) 195,998 Interest received 23 174 Interest paid (44,069) (63,193) Income taxes paid (165,503) (33,035) Net cash generated (used) by operating activities (259,450) 99,944	In Thousands of New Taiwan Dollars Year 2020 Year 2019 Cash flow from operating activities: Income from continuing operation before income tax $ 883,065 283,455 Loss from discontinued operation (75,635) (45,044) Net income before income tax 807,430 238,411 Adjustment for`：` Income and expense Depreciation expense 16,014 52,302 Amortization expense 944 4,239 Expected credit impairment (reversal gains) losses (378) 58,741 Valuation gain on financial investments (46,441) (2,382) Interest expense 43,299 62,140 Interest income (23) (157) Dividend income (5,181) (1,083) Share of profit(loss) of associates and joint ventures accounted for using equity method 117,433 (203,679) Loss on disposal of property, plant and equipment 5,893 88 Disposal of non-current interests held for sale (973,130) - Impairment loss on non-financial assets 45,262 - Total adjustments to reconcile profit (loss) (796,308) (29,791) Changes in operating assets and liabilities Changes in operating assets: Financial assets at fair value through profit or loss, mandatorily measured at fair value (300,543) (4,564) Notes receivable 25,763 4,914 Accounts receivable 50,477 (18,455) Another receivable (4,732) 876 Current inventories 203,413 35,533 Prepayments (1,726) 24,928 Other current assets (14,742) 5,949 Other financial assets (13,330) 5,896 Total changes in operating assets (55,420) 55,077 Changes in operating liabilities: Contract liabilities 2,376 (8,838) Nates payable 3,279 (54,822) Accounts payable 35,025 6,655 Other payable (43,285) (22,869) Other current liabilities (2,998) 12,175 total changes in operating liabilities (5,603) (67,699) Total changes in operating assets and liabilities (61,023) (12,622) Total adjustment (857,331) (42,413) Net cash generated (used) by operating activities (49,901) 195,998 Interest received 23 174 Interest paid (44,069) (63,193) Income taxes paid (165,503) (33,035) Net cash generated (used) by operating activities (259,450) 99,944

		807,430 16,014 944 (378) (46,441) 43,299 (23) (5,181) 117,433 5,893 (973,130) 45,262		238,411 52,302 4,239 58,741 (2,382) 62,140 (157) (1,083) (203,679) 88 - -
		(796,308)		(29,791)
		(300,543) 25,763 50,477 (4,732) 203,413 (1,726) (14,742) (13,330)		(4,564) 4,914 (18,455) 876 35,533 24,928 5,949 5,896
		(55,420)		55,077
		2,376 3,279 35,025 (43,285) (2,998)		(8,838) (54,822) 6,655 (22,869) 12,175
		(5,603)		(67,699)
		(61,023)		(12,622)
		(857,331)		(42,413)
		(49,901) 23 (44,069) (165,503)		195,998 174 (63,193) (33,035)
		(259,450)		99,944

Yi Jinn Industrial Co., Ltd.

Statements of Cash Flows

For the years ended December 31, 2020 and 2019

	In Thousands of New	In Thousands of New	Taiwan	Dollars
		Year 2020	Year 2019
Cash flows from investing activities`：`
Acquisition of investments accounted for using equity method		(122,500)	(10,000)
Disposal of investments accounted for using equity method		-		30,150
Disposal of non-current assets		3,019,806	-
Acquisition of property, plant and equipment		(34,515)	(29,133)
Proceeds from disposal of property, plant and equipment		11,951		44,855
Acquisition of investment property		(1,433,230)	-
Increase in other financial assets		3,369		(2,882)
Decrease in other receivable		-		10,000
Increase(decrease) in other non-current assets		2,476		(4,232)
Increase in prepayments for property		(53,261)	(186,054)
Dividends received		62,699		67,953
Net cash flows from investing activities		1,456,795	(79,343)
Cash flows from financing activities:
Increase(decrease) in short-term loans		(942,309)		484,627
Proceeds for long-term debt		1,336,110		220,000
Repayments of long-term debt		(1,362,075)	(361,325)
Increase in deposits received		26,079		15,000
Cash dividends paid		(301,648)	(361,977)
Net cash used in financing activities		(1,243,843)		(3,675)
Net increase (decrease) in cash and cash equivalents		(46,498)		16,926
Cash and cash equivalents, beginning of period		192,496		175,570
Cash and cash equivalents, end of period	$	145,998		192,496

(The accompanying notes are an integral part of the parent company only financial statements

Managerial Officer ： Weng, Mao-Cheng Accounting Supervisor: Lai, Yu-Min

Chairman: Zhan, Zheng-Tian

Representation letter

The entities that are required to be included in the consolidated financial statements of Yi Jinn Industrial Corporation Limited as of and for the year ended December 31, 2020, under the Criteria Governing the Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises are the same as those included in the consolidated financial statements prepared in conformity with the International Financial Reporting Standard 10, “Consolidated Financial Statements”. In addition, the information required to be disclosed in the combined financial statements is included in the consolidated financial statements. Consequently, Yi Jinn Industrial Corporation Limited and Subsidiaries do not prepare a separate set of combined financial statements.

Sincerely yours,

Yi Jinn Industrial Corporation Limited

Chan, Zheng-Tian

March 25, 2021

Independent auditor’s report

The board of directors

Yi Jinn Industrial Co., Ltd.

Opinion

We have audited the accompanying consolidated financial statements of Yi Jinn Industrial Co., Ltd., which comprise the consolidated balance sheets as of December 31, 2020 and 2019, and the consolidated statements of comprehensive income, changes in equity and cash flows for the years ends December 31, 2020 and 2019, and the notes to the consolidated financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying consolidated financial statements represents fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2020 and 2019, 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(IFRSs), International Accounting Standards(IASs), 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 auditing standards generally accepted in 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 out 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 out 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 out audit of the consolidated financial statements for the year ended December 31, 2020. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and un forming out opinion thereon, and we do not provide a separate opinion on these matters. Key audit matters for the company’s consolidated financial statements for the year ended December 31, 2020 are stated as follows:

Revenue recognition
Please refer to Note 4 (16) “revenue recognition” and for more details please refer to Note 6 (18) “revenue from contracts with customers” of the consolidated financial statement.

Description of the key audit matters:

How the matter was addressed in our audit

Inventory valuation

Please refer to Note 4 (8) inventory, Note 5 (2) “significant accounting assumptions and judgement, and major source of estimation uncertainty”, and Note 6 (6) of the consolidated financial statement.

Description to the key audit matters:

The inventories of the Group measured at the lower of cost and net realizable value. Since the group in the environment of fluctuations in price for raw materials and the fluctuations of selling price and sales volume due to supply and demand on the market, the cost of inventories might have a risk to exceed the net realizable value. Therefore, we determined that the assessment of inventory valuation is a key audit matter.

How the matter was addressed in our audit

Our principal audit procedures included: understanding the Group’s inventory management and valuation were performed in accordance with the Group’s policy; performing sampling procedures to understand the new realizable values used by management and the prices in a period after the reporting date to ensure the appropriateness of the valuation; sampling and inspecting the accuracy of the inventory aging report; assessing whether the disclosure of provision for inventory valuation and obsolescence was appropriate at the reporting date.

Accounts receivable valuation

Please refer to the Note 4 (7) “Financial Instrument”, Note 5 (1) “significant accounting assumptions and judgement, and major source of estimation uncertainty”, Note 6 (4) “account receivable” of the consolidated financial statement.

Description of the key audit matters:

How the matter was addressed in our audit

Our principal audit procedures included: expected credit impairment loss of account receivable; understand the environment of the industry, customers credit investigation and past record; understanding the accounting policy of expected credit impairment loss of account receivable; sampling and inspecting the suitability of the expected credit impairment loss of account receivable.

Other Matter

We have also audited the parent company only financial statements of Yi Jinn Industrial Corp., Limited as of and for the years ended December 31, 2020 and 2019 on which we have issued an unmodified opinion.

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 statement in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the IFRS, IAS, IFRIC, and SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is

necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the 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 operation, or has no realistic alternative but to do so.

Those charged with governance (including members of the Audit Committee) are responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

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

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 Company’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 Company’s ability to continue as a going concern. If we conclude that a material disclosure 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 company 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 for business activities within the company 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 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 for the year ended December 31, 2020 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 reasonable be expected to outweigh the public interest benefits of such communication.

KPMG

Chang Shu-Ying

Auditors:

Chih Shih-Chin

The reference No. Taiwan-Financial-Securitiesnumber of the ： VI-0940100754 FSC approval No. Financial-SupervisoryLetter: Securities-auditing1020000737

March 25, 2021

Yi Jinn Industrial Co., Ltd. and Subsidiaries

Consolidated Balance Sheets

December 31, 2020 and 2019

In Thousands of New Taiwan Dollars

2020	％ 3 3 - - 3 - 4 - - 2 -	2019	％ 3 1 - 1 3 - 5 - 8 2 -
Amount $ 479,716 594,350 3 74,855 416,911 5,703 671,658 77,652 - 268,773 34,182		Amount
		513,740 167,238 3 132,460 462,841 - 930,830 35,560 1,366,362 354,546 18,137
2,623,803	15	3,981,717	23
88,867 504,094 26,491 3,436,768 10,703,563 70,234 10,988 316,006 15,157,011	1 3 - 19 60 - - 2 85	93,655 571,693 27,825 3,482,794 9,434,118 74,972 48,570 502,500 14,236,127	1 3 - 19 51 - - 3
			77
$17,780,814	100	18,217,844	100

Yi Jinn Industrial Co., Ltd. and Subsidiaries

Consolidated Balance Sheets

December 31, 2020 and 2019

In Thousands of New Taiwan Dollars

2020	% 8 - - 1 1 - 2 -	2019	% 12 - - 1 1 - 5 2
Amount		Amount
$ 1,353,920 38,456 52,441 217,907 143,041 15,899 439,932 7,495		2,161,401 7,124 48,303 221,401 167,351 6,615 945,146 313,276
2,269,091	12	3,870,617	21
7,387,362 227,114 134,049	42 1 1	6,638,418 226,996 72,391	36 1 -
7,748,525	44	6,937,805	37
10,017,616	56	10,808,422	58
3,016,476 458,206 1,401,974 65,111 (325,463)	17 3 8 - (2)	3,016,476 419,079 1,043,639 (20,939) (324,680)	18 2 6 - (2)
4,616,304 3,146,894	26 18	4,133,575 3,275,847	24 18
7,763,198	44	7,409,422	42
$17,780,814	100	18,217,844	100

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

Managerial Officer: Weng, Mao-Cheng Accounting Supervisor: Lai, Yu-Min

Chairman: Chan, Zheng-Tian

Yi Jinn Industrial Co., Ltd. and Subsidiaries

Consolidated Statements of Comprehensive Income

For the years ended December 31, 2020 and 2019

In Thousands of New 2020 Amount ％ 4110 Operating revenue (Note 6 (14) (18)) $ 2,731,362 101 4170 Less: sales returns 13,659 1 4190 Sales allowance 10,488 - Net operating revenue 2,707,215 100 5110 Cost of goods sold (Note 6 (5) (14)) 2,501,874 92 Gross Profit 205,341 8 Operating expenses (Note 6 (5) (19) and 7) 6100 Selling expenses 112,196 4 6200 Administrative expenses 109,712 4 Net operating expenses 221,908 8 Other income and expenses (Note 6 (6) 20) and 13) 6511 Loss of disposal investment property (48,642) (2) 6514 Disposal of non-current assets held for sale 970,540 36 Other income and expenses 921,898 34 Net operating profit 905,331 34 Non-operating income and expenses (Note 6 (5) (7) (10) (11) and 7): 7100 Interest income 1,375 - 7010 Other income 68,798 3 7020 Other gains and losses (35,130) (1) 7050 Financial costs (128,753) (5) 7055 Impairment loss - - 7060 Share of profit or loss of associates and joint ventures accounted for using equity method (1,334) - Total non-operating revenue and expenses (95,044) (3) Profit before tax from continuing operations 810,287 31 7950 Less income tax expense (Note 6 (15)) 177,966 7 8000 Net income from continuing operation 632,321 24 Loss from discontinued operation (Note 6 (4) (6)): 8100 New loss from discontinued operation (75,635) (3) Net income 556,686 21 8300 Other comprehensive income 8310 Components of other comprehensive income that will not be reclassified to profit or loss (Note 6 (16)) 8316 Unrealized gains (losses) from investment in equity instrument measured at fair value through other comprehensive income 114,054 4 8349 Less: Income tax related to components of other comprehensive income that will not be reclassified to profit or loss - - 114,054 4 8300 Other comprehensive income 114,054 4 Total comprehensive income $ 670,740 25 Profit, attributable to: Profit (loss), attributable to owners of parent $ 644,257 24 8620 Profit(loss), attributable to non-controlling interests (87,571) (3) $ 556,686 21 Comprehensive income attributable to: Comprehensive income, attributable to owners of parent $ 746,033 28 Comprehensive income, attributable to non-controlling interests (75,293) (3) $ 670,740 25 Earnings(loss) per share (Note 6 (6) (17)) Basic earnings per share From continuing operations $ 3.23 From discontinuing operations (0.34) $ 2.89 Diluted earnings per share From continuing operations $ 3.22 From discontinuing operations (0.34) $ 2.88	In Thousands of New 2020 Amount ％ 4110 Operating revenue (Note 6 (14) (18)) $ 2,731,362 101 4170 Less: sales returns 13,659 1 4190 Sales allowance 10,488 - Net operating revenue 2,707,215 100 5110 Cost of goods sold (Note 6 (5) (14)) 2,501,874 92 Gross Profit 205,341 8 Operating expenses (Note 6 (5) (19) and 7) 6100 Selling expenses 112,196 4 6200 Administrative expenses 109,712 4 Net operating expenses 221,908 8 Other income and expenses (Note 6 (6) 20) and 13) 6511 Loss of disposal investment property (48,642) (2) 6514 Disposal of non-current assets held for sale 970,540 36 Other income and expenses 921,898 34 Net operating profit 905,331 34 Non-operating income and expenses (Note 6 (5) (7) (10) (11) and 7): 7100 Interest income 1,375 - 7010 Other income 68,798 3 7020 Other gains and losses (35,130) (1) 7050 Financial costs (128,753) (5) 7055 Impairment loss - - 7060 Share of profit or loss of associates and joint ventures accounted for using equity method (1,334) - Total non-operating revenue and expenses (95,044) (3) Profit before tax from continuing operations 810,287 31 7950 Less income tax expense (Note 6 (15)) 177,966 7 8000 Net income from continuing operation 632,321 24 Loss from discontinued operation (Note 6 (4) (6)): 8100 New loss from discontinued operation (75,635) (3) Net income 556,686 21 8300 Other comprehensive income 8310 Components of other comprehensive income that will not be reclassified to profit or loss (Note 6 (16)) 8316 Unrealized gains (losses) from investment in equity instrument measured at fair value through other comprehensive income 114,054 4 8349 Less: Income tax related to components of other comprehensive income that will not be reclassified to profit or loss - - 114,054 4 8300 Other comprehensive income 114,054 4 Total comprehensive income $ 670,740 25 Profit, attributable to: Profit (loss), attributable to owners of parent $ 644,257 24 8620 Profit(loss), attributable to non-controlling interests (87,571) (3) $ 556,686 21 Comprehensive income attributable to: Comprehensive income, attributable to owners of parent $ 746,033 28 Comprehensive income, attributable to non-controlling interests (75,293) (3) $ 670,740 25 Earnings(loss) per share (Note 6 (6) (17)) Basic earnings per share From continuing operations $ 3.23 From discontinuing operations (0.34) $ 2.89 Diluted earnings per share From continuing operations $ 3.22 From discontinuing operations (0.34) $ 2.88	Taiwan Dollars 2019 Amount ％ 4,107,453 100 18,959 - 17,021 -	Taiwan Dollars 2019 Amount ％ 4,107,453 100 18,959 - 17,021 -
Amount		Amount
$ 2,731,362 13,659 10,488		4,107,453 18,959 17,021
2,707,215 2,501,874	100 92	4,071,473 3,516,265	100 86
205,341	8	555,208	14
112,196 109,712	4 4	112,346 123,858	3 3
221,908	8	236,204	6
(48,642) 970,540	(2) 36	- 380,968	- 9
921,898	34	380,968	9
905,331	34	699,972	17
1,375 68,798 (35,130) (128,753) - (1,334)	- 3 (1) (5) - -	2,348 25,132 122,446 (140,520) (58,741) 10	- - 3 (3) (1) -
(95,044)	(3)	(49,325)	(1)
810,287 177,966	31 7	650,647 34,918	16 1
632,321	24	615,729	15
(75,635)	(3)	(45,044)	(1)
556,686	21	570,685	14
114,054 -	4 -	(42,451) -	(1) -
114,054	4	(42,451)	(1)
114,054	4	(42,451)	(1)
$ 670,740	25	528,234	13
$ 644,257 (87,571)	24 (3)	230,303 340,382	6 8
$ 556,686	21	570,685	14
$ 746,033 (75,293)	28 (3)	201,491 326,743	5 8
$ 670,740	25	528,234	13
$ $ $ $	3.23 (0.34)		1.22 (0.20)
	2.89		1.02
	3.22 (0.34)		1.22 (0.20)
	2.88		1.02

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

Managerial Officer: Weng, Mao-Cheng Accounting Supervisor: Lai, Yu-Min

Chairman: Chan, Zheng-Tian

Yi Jinn Industrial Co., Ltd. and Subsidiaries Consolidated Statement of Change in Equity For the years ended December 31, 2020 and 2019

			Equity attributable to shareholders of the Parent	Equity attributable to shareholders of the Parent	Equity attributable to shareholders of the Parent	Equity attributable to shareholders of the Parent		In Thousands of New Taiwan Dollars Total equity attributable to owners of parent Non-controlling interests Totalequity 4,272,854 2,944,591 7,217,445 230,303 340,382 570,685 (28,812) (13,639) (42,451)	In Thousands of New Taiwan Dollars Total equity attributable to owners of parent Non-controlling interests Totalequity 4,272,854 2,944,591 7,217,445 230,303 340,382 570,685 (28,812) (13,639) (42,451)	In Thousands of New Taiwan Dollars Total equity attributable to owners of parent Non-controlling interests Totalequity 4,272,854 2,944,591 7,217,445 230,303 340,382 570,685 (28,812) (13,639) (42,451)
Share capital	Capitalsurplus		Retained	earnings		Other equity items	Treasury stock	Total equity attributable to owners of parent
						Unrealized gain or losses on FVTOCI Financialassets
Commonstock		Legal reserve	Special reserve	Unappropriate d retained earnings	Total
$ 3,016,476 - -	367,960 - -	139,741 - -	4,425 - -		1,179,021 230,303 -	7,873 - (28,812)	(298,476) - -
								4,272,854 230,303 (28,812)	2,944,591 340,382 (13,639)
				1,034,855 230,303 -
-	-	-	-	230,303	230,303	(28,812)	-	201,491	326,743	528,234
- - - - - - - - -	- - - - 41,356 1,409 8,354 - -	49,538 - - - - - - - -	- - (4,425) - - - - - -	(49,538) (361,977) 4,425 - - - (3,708) - -	- (361,977) - - - - (3,708) - -	- - - - - - - - -	- - - (26,204) - - - - -	- (361,977) - (26,204) 41,356 1,409 4,646 - -	- - - (34,606) 50,088 (1,409) (4,646) (89,824) 84,910	- (361,977) - (60,810) 91,444 - - (89,824) 84,910
3,016,476 - -	419,079 - -	189,279 - -	- - -	854,360 644,257 -	1,043,639 644,257 -	(20,939) - 101,776	(324,680) - -	4,133,575 644,257 101,776	3,275,847 (87,571) 12,278	7,409,422 556,686 114,054
-	-	-	-	644,257	644,257	101,776	-	746,033	(75,293)	670,740
- - - - - - - - - -	- - - - 37,779 - 5,871 (4,523) - -	23,030 - - - - - - - - -	- 20,939 - - - - - - - -	(23,030) (20,939) (301,648) - - - - - - 15,726	- - (301,648) - - - - - - 15,726	- - - - - - - - - (15,726)	- - - (783) - - - - - -	- - (301,648) (783) 37,779 - 5,871 (4,523) - -	- - - (864) - (75,217) (5,871) 4,523 23,769 -	- - (301,648) (1,647) 37,779 (75,217) - - 23,769 -
$ 3,016,476	458,206	212,309	20,939	1,168,726	1,401,974	65,111	(325,463)	4,616,304	3,146,894	7,763,198

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

Managerial Officer: Weng, Mao-Cheng

Chairman: Chan, Zheng-Tian

Accounting Supervisor: Lai, Yu-Min

Yi Jinn Industrial Co., Ltd. and Subsidiaries

Consolidated Statements of Cash Flows

For the years ended December 31, 2020 and 2019

For the years ended December 31, 2020	and 2019	and 2019
In Cash flow from operating activities: Income from continuing operation before income tax Loss from discontinued operation Net income before income tax Adjustment for`：` Income and expense Depreciation expense Amortization expense Expected credit impairment (reversal gains) losses Interest expense Interest income Dividend income Share of profit(loss) of associates and joint ventures accounted for using equity method Loss (gain) on disposal of property, plant and equipment Acquisitions of investment property loss Disposal of non-current assets held for sale Impairment loss (reversal of impairment loss) on non-financial assets Valuation gain on financial assets Loss of determination of lease Rental income Total income and expense Changes in operating assets and liabilities: Net changes in operating assets: Financial assets at fair value through profit or loss, mandatorily measure at fair value Note receivable Account receivable Inventories Prepayment Other current assets Other financial assets Total Net changes in operating assets Net changes in operating liabilities Contract liabilities Note payable Account payable Other payable Other current liabilities Total net changes in operating liabilities Total Net changes in operating assets and liabilities Total adjustment Net cash generated (used) by operating activities Interest received Dividend received Interest paid Income taxes paid Net cash generated (used) by operating activities	Thousands of New Year 2020 $ 810,287 (75,635) 734,652 142,898 1,514 (378) 128,753 (1,375) (56,963) 1,334 5,406 48,642 (970,540) 45,262 (66,740) 22 (897) (723,062) (368,201) 57,605 46,308 259,172 (42,092) (16,159) (36,461) (99,828) 31,332 4,138 (3,494) (27,129) (3,944) 903 (98,925) (821,987) (87,335) 1,375 56,963 (125,934) (169,529) (324,460)		Taiwan Dollars Year 2019 650,647 (45,044)

		734,652 142,898 1,514 (378) 128,753 (1,375) (56,963) 1,334 5,406 48,642 (970,540) 45,262 (66,740) 22 (897)	605,603 160,448 4,603 58,741 140,520 (2,348) (18,965) (10) (3,402) - (380,968) (90,000) (49,554) 13,056 (959)
		(723,062)	(168,838)
		(368,201) 57,605 46,308 259,172 (42,092) (16,159) (36,461)	(54,212) 92,913 (3,468) 19,631 23,057 (5,020) 4,814
		(99,828)	77,715
		31,332 4,138 (3,494) (27,129) (3,944)	(19,699) (5,986) (225,335) (22,338) 5,374
		903	(267,984)
		(98,925)	(190,269)
		(821,987)	(359,107)
		(87,335) 1,375 56,963 (125,934) (169,529)	246,496 2,348 18,965 (142,621) (66,256)
		(324,460)	58,932

Yi Jinn Industrial Co., Ltd. and Subsidiaries

Consolidated Statements of Cash Flows

For the years ended December 31, 2020 and 2019

In Thousands of New Taiwan Dollars

Cash flows from investing activities`：` Disposal of investments accounted for using equity method Acquisition of Fair value through profit or loss financial assets. FVTPL financial assets Disposal of Fair value through profit or loss financial assets. FVTPL financial assets Disposal of non-current assets held for sale Acquisition of property, plant and equipment disposal of property, plant and equipment Acquisition of investment property Increase/Decrease in other financial assets Increase in other noncurrent asset Net cash generated (used) in investing activities Cash flows from financing activities: Increase(decrease) in short-term loans Proceeds for long-term debt Repayments of long-term debt Increase in deposits received Cash dividends paid Cash Dividends contributes by subsidiaries Cost of treasury stock acquired Increase in non-controlling interests Disposal of subsidiaries shares (without losing control) Net cash generated (used) in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period	10,451 - - 3,071,132 (113,087) 12,793 (1,867,673) 3,621 (7,744) 1,109,493 (807,481) 2,617,480 (2,373,750) 61,658 (263,869) (75,217) (1,647) 23,769 - (819,057) (34,024) 513,740 $ 479,716	- (10,030) 66,890 492,508 (117,788) 13,710 (1,262,870) (2) (384,395)
		(1,201,977)
		711,504 2,485,300 (1,590,448) 32,030 (270,533) (89,824) (60,810) 50,000 34,910
		1,302,129
		159,084 354,656
		513,740

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

Chairman: Chan, Zheng-Tian

Managerial Officer: Weng, Mao-Cheng Accounting Supervisor: Lai, Yu-Min

Attachment 6

YI JINN INDUSTRIAL CO.,LTD

Comparison of Amendment of “Articles of Incorporation”


Amended articles	Current articles	Revising reason
Article 26: The fiscal year of the Company is from January 1 to December 31. As the end of each fiscal year, board of directors shall prepare the following statements and records not later than the 30th day prior to the meeting date of a regular meeting of shareholders, and report for the approval of a regular meeting of shareholders. (1) The business report (2) The financial statements (3) The surplus earning distribution or loss off-setting proposals.	Article 26: The fiscal year of the Company is from January 1 to December 31. As the end of each fiscal year, board of directors shall prepare the following statements and records not later than the 30th day prior to the meeting date of a regular meeting of shareholders, and report for the approval of a regular meeting of shareholders. (1) The business report (2) The financial statements (3) The surplus earning distribution or loss off- setting proposals. ~~The Company’s earning distribution or loss off-~~ ~~setting proposals can be made after the end of~~ ~~every half fiscal year.~~ ~~distribution or loss off-setting proposals~~ ~~mentioned in the preceding paragraph, shall~~ ~~be submitted with the business report and the~~ ~~financial statements to Audit Committee for~~ ~~audit, then reported to board of directors for~~ ~~approval.~~ Revised as the actual operating needs.
	~~au, e epoe o oa o ecos o~~ ~~approval.~~
Article 30: The Company’s Article of Incorporation was established on March 8, 1981. The 1st amendment was made on August 21, 1981. The 2nd amendment was made on August 17, 1983.	Article 30: The Company’s Article of Incorporation was established on March 8, 1981. The 1st amendment was made on August 21, 1981. The 2nd amendment was made on August 17, 1983.	Amended times and dates.


The 3rd amendment was made on May 6, 1985. The 4th amendment was made on August 28, 1987. The 5th amendment was made on October 9, 1989. The 6th amendment was made on December 15, 1990. The 7th amendment was made on September 26, 1991. The 8th amendment was made on October 29, 1991. The 9th amendment was made on June 20, 1992. The 10th amendment was made on November 7, 1992. The 11th amendment was made on April 4, 1993. The 12th amendment was made on May 22, 1995. The 13th amendment was made on May 7, 1997. The 14th amendment was made on May 12, 1998. The 15th amendment was made on May 27, 1999. The 16th amendment was made on May 22, 1999. The 17th amendment was made on June 12, 2002. The 18th amendment was made on June 10, 2005. The 19th amendment was made on June 9, 2006. The 20th amendment was made on June 4, 2010. The 21st amendment was made on June 10, 2011. The 22nd amendment was made on June 8, 2012.	The 3rd amendment was made on May 6, 1985. The 4th amendment was made on August 28, 1987. The 5th amendment was made on October 9, 1989. The 6th amendment was made on December 15, 1990. The 7th amendment was made on September 26, 1991. The 8th amendment was made on October 29, 1991. The 9th amendment was made on June 20, 1992. The 10th amendment was made on November 7, 1992. The 11th amendment was made on April 4, 1993. The 12th amendment was made on May 22, 1995. The 13th amendment was made on May 7, 1997. The 14th amendment was made on May 12, 1998. The 15th amendment was made on May 27, 1999. The 16th amendment was made on May 22, 1999. The 17th amendment was made on June 12, 2002. The 18th amendment was made on June 10, 2005. The 19th amendment was made on June 9, 2006. The 20th amendment was made on June 4, 2010. The 21st amendment was made on June 10, 2011. The 22nd amendment was made on June 8, 2012.


The 23rd amendment was made on June 11, 2013. The 24th amendment was made on May 30, 2014. The 25th amendment was made on June 24, 2016. The 26th amendment was made on June 1, 2018. The 27th amendment was made on June 6, 2019. The 28th amendment was made on June 11, 2020. The 29th amendment was made on June 29,	The 23rd amendment was made on June 11, 2013. The 24th amendment was made on May 30, 2014. The 25th amendment was made on June 24, 2016. The 26th amendment was made on June 1, 2018. The 27th amendment was made on June 6, 2019. The 28th amendment was made on June 11, 2020.
2021.

Attachment 7

YI JINN INDUSTRIAL CO.,LTD

Comparison of Amendment of “Regulations of Directors Election”


	Amended articles		Current articles	Revising reason
3.The authorized conveners of a shareholders’meetingshall prepare pre- printed ballots, the quantity is same as the number of elected directors, and add his/her voting rights, distribute to the attending shareholders of a shareholders’ meeting, register of electors, may be replaced by the attending card number on the ballots.		3.~~Board of Directors~~shall prepare pre-printed ballots, the quantity is same as the number of elected directors, and add his/her voting rights, distribute to the attending shareholders of a shareholders’ meeting,		Revised as the actual needs.
4. Before the election begins, vote monitoring and counting personnelare shareholdersfor the voting on a proposal shall be appointed by the chair for acting the related duties.		4. Before the election begins, vote monitoring and counting personnel for the voting on a proposal shall be appointed by the chair for acting the related duties.		Revised as the actual needs.
5. For the election of directors, the ballot box shall be set bythe authorized conveners of a shareholders’meeting, and opening and examining the ballot box the ballots shall be made by the monitoring personnel in public before voting.		5. For the election of directors, the ballot box shall be set by~~board of~~ ~~directors,~~ and opening and examining the ballot box the ballots shall be made by the monitoring personnel in public before voting.		Revised as the actual needs.
		~~6. When the elected is shareholder,~~ ~~the elected shall fill in the name~~ ~~and~~ ~~shareholder’s~~ ~~account~~ ~~number in the column of “the~~ ~~elected”on the ballots; if he/she is~~		Deleted

	~~not a shareholder, the name and~~ ~~I.D. number of the elected shall be~~ ~~filled in. However, when the~~ ~~government~~ ~~or~~ ~~a~~ ~~juristic~~ ~~shareholder is the elected, the~~ ~~column of the elected name on the~~ ~~ballots shall be filled in the name~~ ~~of the government or a juristic~~ ~~person, or filled in the name of the~~ ~~government or a juristic person~~ ~~and its representative’s name; if~~ ~~there are some representatives, the~~ ~~representatives’ names shall be~~ separately filled in.
6.When any of the following circumstances is satisfied, the ballots shall be null and void: (1)Non ballots prepared bythe authorized convenersare used. (2)The blank ballots were thrown in the ballots box. (3)The illegible handwriting or altered. (4)The filled elected is approved discrepancy withthe director candidates list. (5)Exceptthe distributed numbers of votes, mixed with other texts.	7.When any of the following circumstances is satisfied, the ballots shall be null and void: (1) The ballots prepared by~~the~~ ~~regulations a~~re not used. (2) The blank ballots were thrown in the ballots box. (3) The illegible handwriting or altered. (4) When the filled elected~~is~~ ~~shareholder, his/her~~ ~~account name and~~ ~~shareholder’s account~~ ~~number are discrepant; if~~ ~~the filled elected is a~~ ~~shareholder, his/her name~~ ~~and I.D. number~~are approved discrepancy. (5) Except~~the account name~~ ~~(name) of the filled elected~~ ~~or his/her account number~~ ~~(I.D. number)~~, and the distributed numbers of	Revised and adjusted the order of the clauses as the actual needs.


	votes, mixed with other texts. (6)~~The account name (name)~~ ~~of the elected or a~~ ~~shareholder’s number (I.D.~~ ~~number) was not filled.~~ (7)~~Two or more elected are~~ ~~filled in the same ballot.~~
7. The election of the Company’s directors shall be considered the overall configuration of board of directors. The composition of board of directors members shall be considered the diversification, and according to its operation, the operation type and development demand, programed to establish a proper diversification policy, and properly included, but not limited to the standard of the following two aspects: (1)The basic conditions and values: gender, age, nationality and culture, etc. (2) Professional knowledge and skills: professional background (e.g. law, accounting, industry, finance, marketing or technology), professional skills, and industry experience, etc. The Company’s directors separately calculate the voting rights of independent directors and non-independent directors in accordance with Articles of Incorporation, more numbers of votes with which they were elected are elected in order. When two or more people gained the same number of votes and exceeded the number of people assigned, shall be determined by drawing lots of the people who gained the	8. The election of the Company’s directors shall be considered the overall configuration of board of directors.The composition of board of directors members shall be considered the diversification, and according to its operation, the operation type and development demand, programed to establish a proper diversification policy, and properly included, but not limited to the standard of the following two aspects: 1. (1)The basic conditions and values: gender, age, nationality and culture, etc. (2) Professional knowledge and skills: professional background (e.g. law, accounting, industry, finance, marketing or technology), professional skills, and industry experience, etc. The Company’s directors separately calculate the voting rights of independent directors and non-independent directors in accordance with Articles of Incorporation, more numbers of votes with which they were elected	Revised and adjusted the order of the clauses as the actual needs.


same number of votes, the chair shall represent non attendant people to draw lots. A majority of seats should be provided among the directors, and shall not be the spouse, a blood relative within the second degree of kinship of a director.	are elected in order. When two or more people gained the same number of votes and more than the number of people assigned, shall be determined by drawing lots of the people who gained the same number of votes, the chair shall represent non attendant people to draw lots. A majority of seatsshould be provided among the directors, and shall not be the spouse, a blood relative within the second degree of kinship of a director.
8. The voting rights shall be calculated on site immediately after the end of the poll, and the results of the calculation, shall be announced by the chair on the site.	9. The voting rights shall be calculated on site immediately after the end of the poll, and the results of the calculation, shall be announced by the chair on the site.	Adjusted the order of the clauses.
9. Not provided matters in the regulations shall be handled in accordance with the Company Act, the Company’s Articles of Incorporation and related decrees.	10. Not provided matters in the regulations shall be handled in accordance with the Company Act, the Company’s Articles of Incorporation and related decrees.	Adjusted the order of the clauses.
10. The regulations, and any amendments hereto, shall be implemented after approved by a shareholders meeting.	11. The regulations, and any amendments hereto, shall be implemented after approved by a shareholders meeting.	Adjusted the order of the clauses.

AI assistant

YI JINN — AGM Information 2021

51818_rns_2021-08-17_52e503d6-8349-449f-8ef7-9c2af9a019a3.pdf

YI JINN INDUSTRIAL CO., LTD 2021 Annual General Shareholders’ Meeting Meeting Proceeding.

Reported Matters

Explanatory Notes:

Explanatory Notes:

Explanatory Notes:

Explanatory Notes:

Acknowledged Matters

Explanatory Notes:

Resolution:

DISCUSSION AND ELECTION ITEMS

Explanatory Notes:

Resolution:

Resolution:

Explanatory Notes:

Elected list :

Explanatory Notes:

Resolution:

Attachment 1

(3) Financial receipts and expenditures and profitability analysis:

(4) Budget variance: omitted.

Attachment 2

Audit Committee’s Auditor’s Report

Faithfully

YI JINN INDUSTRIAL CO., LTD

YI JINN INDUSTRIAL CO.,LTD

Attachment 4

YI JINN INDUSTRIAL CO.,LTD

Article 5 (Responsible unit)

Article 8 (Prohibition of and handling procedure for facilitating payments)

Article 15 (Non-disclosure agreement)

Article 17

Article 18

Article 21 (Handling of unethical conduct by personnel of the Company)

Article 22

Article 23

Article 24 (Enforcement)

Attachment 5

Independent auditors’ report

Opinion

Basis for opinion

Key Audit Matters

2. Accounts receivable valuation

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

Auditor’s Responsibilities for the Audit of the Parent company only financial statements

Yi Jinn Industrial Co., Ltd.

Parent Company Only Balance Sheet

December 31, 2020 and 2019

Yi Jinn Industrial Co., Ltd.

Parent Company Only Balance Sheet

December 31, 2020 and 2019

In Thousands of New Taiwan Dollars

Yi Jinn Industrial Co., Ltd.

Statement of Comprehensive Income

For the years ended December 31, 2020 and 2019

Yi Jinn Industrial Co., Ltd. Statement of Changes in Equity For the years ended December 31, 2020 and 2019

Yi Jinn Industrial Co., Ltd. Statements of Cash Flows

For the years ended December 31, 2020 and 2019

Yi Jinn Industrial Co., Ltd.

Statements of Cash Flows

For the years ended December 31, 2020 and 2019

Representation letter

Independent auditor’s report

The board of directors

Opinion

Basis for opinion

Key Audit Matters

Other Matter

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

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

KPMG

Yi Jinn Industrial Co., Ltd. and Subsidiaries

Consolidated Balance Sheets

December 31, 2020 and 2019

In Thousands of New Taiwan Dollars

Yi Jinn Industrial Co., Ltd. and Subsidiaries

Consolidated Balance Sheets

December 31, 2020 and 2019

YI JINN AGM Information 2021