YL — Call Transcript 2021

May 26, 2021

TW ： 2201

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YULON MOTOR CO., LTD. Investor Conference

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Copyright © Yulon Motor, All rights reserved.

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Disclaimer Statement

1. This document is provided by Yulon Motor Co., Ltd. (the “Company"). Except for the numbers and information included in the Company's financial statements, the information contained in this document has not been audited or reviewed by any accountant or independent expert. The Company makes no express or implied representations or warranties as to the fairness, accuracy, completeness, or correctness of such information or opinions. This document is provided as of the date herein and will not be updated to reflect any changes hereafter. The Company, its affiliates and their representatives do not accept any responsibility or liability for any damage caused by their negligence or any other reasons, nor do they accept responsibility or liability for any loss or damages arising from the use of this document or the information contained herein or anything related to this document.

2. This document may contain forward-looking statements, including but not limited to all statements that address activities, events or developments that the Company expects or anticipates to take place in the future based on the projections of the Company toward the future, and various factors and uncertainness beyond the Company's control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.

3. This document is not and cannot be construed as an offer to purchase or sell securities or other financial products or solicitation of an offer. ‡

4. The copyright of this document is owned by the Company and / or our affiliates and may not be directly or indirectly reproduced, redistributed or forwarded to any other person and may not be published in whole or in part for any purpose.

Copyright © Yulon Motor, All rights reserved.

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Agenda

Speaker

Agenda Time Speaker - Opening Chien Hui Li – Senior Vice President Financial Results & Future 10 min Chien Hui Li – Senior Vice President Prospects[Vice President ] Q&A 20 min[ Chien Hui Li – Senior] Hsun-Kuei Hsieh– Department Manager

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Copyright © Yulon Motor, All rights reserved.

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Auto Sales in Taiwan Through the Years

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(F)
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1. The sales volume from Jan. to Apr. in 2021 is 155K units which increase 18.5% compared to 2020.

2. Due to Covid-19 Level 3 alert in effect around Taiwan through May 28 ,and automotive core chips are out of stock, the overall Taiwan auto market is estimated to be 427K units in 2021, and 3.8% decrease rate compared to 2020.

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(F)
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1. The sales volume from Jan. to Apr. in 2021 of Mainland China is 8.748 million units, include 6.79 million units passenger car which increased 53.1% compared to 2020.

2. Although automotive core chips are insufficient to meet the requirements, benefited from the transformation and upgrading policies of the AIoT and new energy in mainland China. It is estimated that the overall auto market in China will reach 26.3 million units, and about 3.9% increase rate compared to 2020.

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Copyright © Yulon Motor, All rights reserved.

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Consolidated Comprehensive Income Statements

(NT $ Million)

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Consolidated Balance sheet Statements

(NT $ Million)

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Consolidated Cash Flow Statements

(NT $ Million)

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(E) Environmental and ecological protection Honor

 In May 2021, we have got the TOP 50 Excellent Carbon Reduction Enterprise Award from Common Wealth Ma azine. g

台積電	聯電	日月光	光寶	檼懋	歐萊德	興采實業
台達電	宏碁	友達	群創	葡萄王	大江生醫	佐見啦生技
裕隆汽車	中華航空	華城電機	華德動能	創奕能源	Gogoro	科毅開發
台泥	中鋼	亞泥	遠東新	李長榮	東元電機	菁華工業
中華電信	台哥大	遠傳電信	信義房屋	統一超商	中鼎工程	將捷集團
台汽電	上緯投控	中興電工	士林電機	大亞電線	台糖	中華開發
玉山金控	國泰金控	富邦金控	中信金/中租控	元大金控	第一金控	台新金控

 In response to global climate change, we have taken positive action in building the solar power system ahead. It is expected to achieve 100% green electricity in the Sanyi plant area towards carbon neutral goals in 2023, and complete a cumulative green electricity 20.2MW capacity in 2025.

Carbon Neutral

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(S) Social Responsibility Honor

 In response to the lack of transportation resources in remote rural areas and the need for emergency assistance, we have integrated corporate and regional resources to promote the social welfare solution of “ It is not difficult to return to the south link " provided services for rural residents to seek medical treatment, go to school and public itinerary.  The rural public welfare program have been used by 13,460 passengers and drove about 500,000 kilometers accumulatedly. (about 416 circles around the island in Taiwan) from April 2019 to May 2021.

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(G) Corporate Governance Honor

 In May 2021, we have got the top 5% award of 905 listed companies in the corporate governance evaluation of the Stock Exchange for 7 consecutive years.

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THANK YOU FOR WATCHING

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