AD11HTECH
St o c k C o d e: 2 3 9 5
Advantech Co., Ltd.
2025 ANNUAL REPORT
P r i n t ing daI e: N a r ch 3 l, 20 2d
W eb s iI e ht I p.// mop s .I w s e . ca m. I w
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Name, title, and phone of the spokesman:
【Spokesman】
Name: Eric Chen
Title: President of General Management Tel.: (02)7732-3399
E-mail: IR@advantech.com.tw
【Deputy Spokesperson】 Name: Grace Liao
Title: Deputy Spokesperson and Sr. Investor Relations Manager
Tel.: (02)7732-3399
E-mail: IR@advantech.com.tw
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Headquarters, Branches, and Plant address and phone:
【Headquarters】Address: No. 1, Alley 20, Lane 26, Rueiguang Road, Neihu District, Taipei City Tel.: (02)7732-3399
【Factory】 Linkou AIoT Smart Campus
Address: No. 27, Wende Road, Guishan District, Taoyuan City Tel.: (02)2792-7818 (Representative No.)
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Name, address, and phone of the Stock Agency
Name: KGI Securities Co., Ltd. - Stock Agency Department Address: 5F, No. 2, Chongqing S. Road, Sec. 1, Taipei City Website: https://www.kgi.com.tw
Tel.: (02)2389-2999
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Name, Firm, address, and phone of the acting independent auditors:
CPAs: Liang, Hua-Ling and Tsai, Pei-Hua CPA Firm: PricewaterhouseCoopers, Taiwan
Address: 27F, 333 Keelung Rd., Sec. 1, Xinyi District, Taipei City, Taiwan Website: https://www.pwc.tw
Tel.: (02)2729-6666
- Foreign securities exchange corporation listing: None
- Website: http：//www.advantech.com.tw
Letter to Shareholders 01
Corporate Government Report 07
Organization 07
Directors and Management Team 12
Remuneration of Directors, Presidents, and Vice Presidents 21
Implementation of Corporate Governance 27
Information Regarding the Company's Audit Fee and Independence 133
The Company's Chairman, President, and Finance or Accounting Officer have held a position in the independent auditing firm or its affiliates over the past year
Changes in the shares held and pledged by directors, supervisors, managers, and major shareholders holding over 10% of outstanding shares in the most recent year and up to the publication of the annual report
The Top-10 shareholders who are the spouses or relatives within second-degree to each other
The shares of the invested company held by the Company, the Company's directors, supervisors, managers, and companies controlled directly or indirectly, and the aggregated overall shareholding ratio
133
134
135
136
Capital Overview 138
Capital and shares 138
Corporate bond 144
Preferred Stock issued 144
Global Depositary Receipts 144
Employee Stock Options 145
New Restricted Employee Shares 146
Status of new Shares Issuance in Connection with Mergers and Acquisitions 146
Financing Plans and Implementation 146
Operational Highlights 147
Business Content 147
Market, Production, and Sales Review 154
Employee information 163
Expenditures on Environment Pollution Control 163
Labor-Employer Relation 168
Information Security Management 174
Important Contracts 181
Review of Financial Conditions, Operating Results , and Risk Management 182
Financial Conditions 182
Analysis of Financial Status 182
Cash Flow 183
The impact of material capital expenditure on financial business in the most recent year
184
Risk analysis and evaluation: 184
Other Important matters 188
Special Disclosure 189
Affiliated company's information 189
The occurrence of any events as stated in Section 3 Paragraph 2 in Article 36 of the Securities Exchange Act that had significant impact on shareholders' equity or securities prices in the most recent year and up to the publication of the annual report
191
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Letter to Shareholders
Dear Shareholders,
The year 2025 marked a pivotal year for Advantech, demonstrating operational resilience and successful transformation. In the face of global economic fluctuations and industry volatility, Advantech not only achieved new record high revenue but also established a long-term growth trajectory centered on "Edge Computing & AI-Powered WISE Solutions." A summary of the overall operating performance is reported to our shareholders as follows:
Figure A: Advantech Brand Slogan「Edge Computing & AI-Powered WISE Solutions」
Financial PerformanceAdvantech's consolidated revenue in 2025 reached NT$70.882 billion, representing a YoY growth of 18.56%. The gross profit was NT$28.198 billion (gross profit margin was 39.8%), and the consolidated net income was NT$10.592 billion (YoY increase of 17.6%). The earnings per share reached NT$12.25. Both revenue and profit achieved double-digit year-on-year growth. Converted into US dollars, the revenue in 2025 was US$2,274 million, a year-on-year increase of 22%. For the overall performance in 2025, North America, Europe, China, Taiwan, and emerging markets all delivered double-digit growth, demonstrating outstanding overall performance, while the Korean market experienced a slight decline. In terms of performance by business groups, the overall results remained robust in 2025. All four major business groups, including the Intelligent Systems Sector, IoT Automation Sector, Embedded Sector, and Intelligent Service Sector, achieved strong double-digit growth.
However, affected by the rising costs of key components such as DDR4 and SSD, the gross margin fell short of expectations. The pressure on profitability was primarily due to two factors: first, long-term contracts limited the immediate pass-through of cost increases; second, there was a time lag between procurement costs and order fulfillment. To address this, our frontline sales teams have implemented precise profit management strategies:
PPV Mechanism: In response to cost fluctuations, we have adopted the Purchase Price Variance (PPV) model for price settlement with customers to safeguard fundamental gross margins.
Dynamic Pricing Management: For individual components and peripherals, a "bi-weekly pricing" mechanism has been implemented. By shortening the quotation cycle, we can respond to market volatility in real-time, ensuring that profit levels are not eroded.
Through these measures, we aim to minimize the risks of cost fluctuations and maintain stable gross margin performance and profitability.
Deepening Edge AI: Hardware-Software Synergy and Ecosystem EnablementDriven by the increasing adoption of AI inference and analytics at the edge, industry applications are benefiting from lower latency, enhanced data privacy, and real-time decision-making, accelerating the growth of the Edge AI market. According to Market.US, the global Edge AI market is projected to grow from US$28.8 billion in 2025 to US$196.6 billion by 2034, representing a CAGR of 23.8%. While hardware continues to dominate the market, software and services are rapidly expanding alongside growing deployment complexity and integration needs. However, the lack of standardization remains a key industry challenge, increasing the complexity of integration, deployment, and cybersecurity management, and in turn raising costs and slowing large-scale adoption.
Advantech has established "Edge Computing & AI-Powered WISE Solutions" as its strategic direction for 2026-2027, underscoring its commitment to advancing edge computing and AI-driven industrial solutions. To further reinforce its vision of enabling an intelligent planet at the edge, the Company continues to expand global brand influence through localized co-creation initiatives and active participation in leading international industry events, while accelerating ecosystem enablement through the WISE-IoT platform and the newly launched WEDA (WISE-Edge Developer Architecture). Leveraging a containerized and standardized architecture, WEDA integrates leading global semiconductor AI SDKs to significantly enhance development and deployment efficiency across diverse industry applications. Through its integrated hardware-software capabilities, Advantech is further strengthening its leadership position and thought leadership in the global Edge AI market.
Advantech continues to deepen its investments in both hardware and software platforms as two core pillars of its development strategy. Through close hardware-software integration, Advantech is committed to building a comprehensive platform to support diverse edge AI solutions. On the software ecosystem side, Advantech has established a dual-platform architecture comprising WISE and WEDA. WISE-IoT at the application layer and EdgeSync at the device connectivity layer have reached maturity, while the newly launched WEDA (WISE-Edge Developer Architecture) adopts a containerized framework and pre-integrates AI SDKs from leading global semiconductor partners. This significantly enhances efficiency for customers, streamlining the entire process from development to deployment of edge AI applications.
Figure: Advantech Integrated AIoT Software-Hardware Architecture
At the same time, Advantech continues to advance its high-performance computing platforms. With the ongoing expansion of 5G infrastructure and advancements in semiconductor technologies, both x86 and ARM/RISC architectures are delivering increasingly powerful processors to meet the growing demand for high-performance computing across industries such as healthcare, transportation, and robotics. Advantech works closely with leading technology partners, including Intel, AMD, NVIDIA, and Qualcomm, to co-develop and commercialize edge computing platforms, supporting comprehensive industry upgrades. Furthermore, driven by the advancement of AI inference technologies, Advantech is enabling compute power to shift closer to the edge. By leveraging the low-latency advantages of Edge AI, the Company enables AI to actively participate in real-time operations and decision-making across industries, reducing reliance on cloud-based data transmission.
With the strong market position in edge computing, Advantech has delivered comprehensive, vertically integrated solutions tailored to diverse industry needs, including Edge AI acceleration modules, inference systems, and edge AI servers, integrated with software platforms to accelerate customer deployment. Its hardware platforms support a wide range of AI chips, including GPUs, VPUs, and integrated NPUs, while its deep hardware design expertise enables highly customized solutions across robotics, smart manufacturing, renewable energy, and healthcare applications.
Global Supply Chain Management: Enhancing Resilience and Delivery EfficiencyIn response to the rapidly evolving global environment, Advantech continues to strengthen its end-to-end (E2E) supply chain management to build a resilient operating framework and support long-term growth. On the supply side, the DRAM and SSD supply environment became increasingly tight in 2025. The Company has proactively coordinated with strategic partners on inventory preparation and capacity allocation, mitigating supply risks of critical components through forward planning to ensure stable production and on-time customer delivery. While such proactive measures increase operational complexity, they significantly enhance overall supply chain resilience.
From a manufacturing efficiency and capacity deployment perspective, Advantech operates a highly flexible and supportive manufacturing network across Kunshan (China), Guishan, Taoyuan (Taiwan), and Nogata (Japan). The Company continues to advance AI and digital transformation (DX) initiatives to optimize production processes and quality control, further improving manufacturing stability. To support long-term growth, new manufacturing equipment investments have been made in Taoyuan and Nogata, increasing capacity by approximately 15% and 35%, respectively, establishing greater flexibility to accommodate mid- to long-term business expansion.In terms of regional manufacturing and localized delivery, Advantech has established system assembly capabilities in Milpitas, U.S., and is developing a new North America operational headquarters in Tustin, expected to be completed by the end of 2026. Upon completion, local assembly capacity in the U.S. is expected to double, further strengthening the Company's "local-for-local" production and delivery capabilities.
Looking ahead to 2026, Advantech will initiate a major transformation of its global logistics model by introducing a cross-docking-centered operating framework. The Company will gradually transition from the traditional two-stage shipment model-factory to regional warehouse, then to customer-toward a more direct logistics delivery approach. This structural shift is expected to shorten delivery lead times, reduce intermediate inventory and handling processes, further enhance overall supply chain responsiveness, laying a more efficient and resilient operational foundation to support future scalable growth.
Sustainable Development: Optimizing Succession Framework and Global OperationsAdvantech remains firmly committed to sustainable development and responsible governance, with corporate and shareholder interests as its top priority. The Company has initiated structured succession planning at both the board and senior management levels. Key organizational transformations include:
The corporate headquarters management structure will gradually transit from the current co-Presidents model to a "C-led leadership model," comprising the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Operating Officer (COO), to enhance leadership continuity and long-term sustainability. At the business unit level, there will be an appointed BO Heads to lead the operations and further advance the Sector-Driven strategy.
The establishment of Worldwide Business Operations (WWBO) as the highest decision-making for global operations aims to accelerate international deployment. By breaking down regional boundaries and centralizing core resources and senior talent, Advantech enables regional markets with a "global resources, local execution" approach. Through WWBO coordination, the Company can cultivate differentiated core capabilities tailored to regional characteristics, strengthening global operational resilience while ensuring strong competitive positioning and execution efficiency across markets. In parallel, Advantech continues to strengthen its talent development and leadership pipeline mechanisms. This includes formalizing leadership succession planning, identifying high-potential executives, and implementing structured internal rotation programs to cultivate global management talent. Key positions are systematically reviewed, succession candidates are evaluated, and three-year development plans are established. Through dedicated development platforms and targeted stretch assignments, Advantech is building a people-centric talent sustainability model to support long-term, stable leadership succession.
Figure C: Advantech's WWBO (Worldwide Business Operations) Organization Enhancing Global Deployment
Embedding Sustainability into DNA to Create Shared ValueGuided by its core vision of "Enabling an Intelligent Planet," Advantech continues to integrate sustainability into its operations and brand value, leveraging a systematic ESG strategy to enhance corporate resilience and create long-term value. In 2025, Advantech delivered outstanding performance in several benchmarks, rising to No. 4 in the Interbrand Taiwan Best Global Brands ranking, with brand value reaching US$896 million (+5% YoY). This milestone reflects Advantech's successful transformation into a global leader in edge computing and AI solutions. The Company was also ranked No. 4 in the Large Enterprise category of the Commonwealth Corporate Sustainability Awards and received the Family-Friendly Workplace Award from CommonWealth Parenting for the first time. In global ESG assessments, Advantech advanced from Bronze to Silver rating by EcoVadis, achieved a CDP rating of B, and recorded its highest-ever score in the Dow Jones Sustainability Index (DJSI), demonstrating continued progress in sustainability governance.
From the Environmental (E) perspective, Advantech is actively advancing green operations and low-carbon transformation. In 2025, its Kunshan plant obtained UL 2799 Zero Waste to Landfill Platinum certification-the Group's first top-tier certification. The Company also published its inaugural TCFD/TCNFD-aligned report, strengthening biodiversity assessment and conservation initiatives at the Linkou campus, underscoring its commitment to biodiversity preservation. In alignment with global decarbonization trends, Advantech updated its SBT 1.5°C targets and plans to introduce an internal carbon pricing mechanism, with proceeds allocated to sustainability initiatives, eco product R&D, and employee incentives. Meanwhile, greenhouse gas inventory efforts have expanded to European subsidiaries, with progress exceeding regulatory requirements.
In terms of Social (S) points of view, Advantech continues to enhance performance and talent management systems, strengthening global leadership effectiveness and organizational execution, while fostering an inclusive and engaging workplace. In 2025, the Company introduced its first external employee engagement survey, achieving an engagement rate of 85%. Advantech's operations in Europe and Korea also obtained ISO 45001 certification. Through industry and academia collaboration, Advantech promotes talent development in edge computing and AI, expanding the societal impact of IoT technologies. The Company also actively supports global arts and culture, Project-Based Learning (PBL) education, DEI initiatives, volunteering, and environmental programs-covering STEAM education, women's empowerment, community service, and green lifestyle advocacy-demonstrating its deep-rooted local social impact.
From the Governance (G) aspects, Advantech continues to strengthen supplier carbon management, achieving carbon data collection from 80% of key suppliers, with over 800 participants attending ESG empowerment programs to reinforce supply chain resilience. To further advance sustainable products, the Company has enhanced sustainable procurement practices, including establishing a traceability system for sustainable raw materials with certified recycled material data management, and implementing sustainable material product initiatives.
Company OutlookTo enhance shareholder returns and demonstrate strong commitment in the business outlook, Advantech has implemented a structural optimization of its dividend policy. The Company has discontinued its previous practice of issuing stock dividends every three years and formally transitioned to a fully cash dividend model. In addition, the recurring cash payout ratio has been raised from the previous 70-75% to 70-80%. Advantech has also introduced a time-limited special cash dividend program. From 2026 to 2028, over three consecutive distribution years, an additional NT$2 per share will be distributed annually from capital reserve, with a total incremental payout expected to exceed NT$5.2 billion. Based on this framework, for FY2025, the Company proposes a regular cash dividend of NT$9.2 (75% payout ratio), along with a special cash dividend of NT$2 from capital
reserve, bringing the total cash dividend to NT$11.2 per and the total payout ratio to 91.4%. This initiative underscores Advantech's commitment to sharing its operating results with shareholders. The objective of this policy is to establish a transparent, stable, and predictable long-term capital return mechanism, further enhancing shareholder value.
As large language model (LLM) technologies continue to mature, AI applications are rapidly extending from cloud data centers to edge. A new wave of industry transformation in healthcare, retail, and smart warehousing is gaining strong momentum. Since Advantech was founded, the Company has remained deeply committed to edge computing, continuously strengthening its global footprint while enhancing operational and manufacturing capabilities. To capitalize on this AI-driven wave, Advantech's four Sector Business Groups (SBGs) have concurrently expanded their Edge AI hardware and software deployments. On the hardware front, collaborative development with leading global chipmakers has delivered tangible results. On the software side, in addition to advancing the WISE-IoT platform, Advantech has introduced the WEDA (WISE-Edge Developer Architecture). Through an open architecture approach, WEDA brings together ecosystem partners to deliver highly targeted edge software solutions tailored to vertical industries.
Looking to 2026, we project that Edge AI hardware will reach over 30% of our total sales. Advantech is evolving from a leader in embedded computing hardware provider into a world-leading provider of Edge AI industrial solutions. Upholding the convictions, we have held for over forty years, Advantech remains committed, as always, to creating exceptional value for our customers, employees, shareholders, and society.
- Corporate Government Report
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Organization
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Structure
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Responsibilities of major functions
Main Department
Main Responsibilities
Internal Auditing
Review the adequacy and consistency of internal control processes to ensure the effectiveness of internal control. Set up an annual plan according to regulatory and risk-based considerations, which will be approved by board meeting and to be executed accordingly. Will also perform project-based audit to identify operation improvement areas as well as to assist in enhancing corporate governance and risk management mechanisms.
Corporate Development & Strategy office
In alignment with the company's overall development vision, the following key strategic directions are formulated and supported directions:
ESG and Corporate Sustainability
Design and Promote the company's sustainable development policies, including "Mutual benefit of employee & society"; "The popularization of the AIoT"; "Green Operation",and corporate cybersecurity policies define and protection mechanism setup and deployment.
Finance
IT
Human Resource
Legal
Brand Development & Public Relations
Design and manage corporate annual business plan development process. Assist management team to formulate annual business plans, set up organizational targets and continuously monitor the business performance indicators.
Development strategy for the Industrial IoT WISE-IoT service platform and the WISE AI Agent , a toolkit for artificial intelligence agents.
Strategic investment initiatives and strategic partnership development programs.
Ideation, research, planning, and commercialization of emerging business opportunities to drive corporate innovation and connect with external academic institutions and startup ecosystems.
Responsible for budgeting, accounting, financial reports, variance analysis; planning, Management, and control of tax administration, finance, and stock affairs.
Domestic and overseas financial statement preparation and analysis.
Operating performance of overseas investment
Cash flow management
Information technology execution and management.
Crucial technology implementation and professional technical services.
Information security strategy planning, system maintenance, and related task operations.
Develop and execute human resource strategies that closely align with company and businesses' vision and direction.
Promoting employee service and relationships, inspiring a platform for talent development, and creating a positive employee experience to enhance overall employee well-being, empower career development and elevate employer branding are integral aspects of our commitment.
Develop human resource policies, systems, structures and standards, and implement talent empowerment and development plan.
Develop core competencies to enhance organizational capability.
Review contracts and agreements
Handle company's lawsuits and disputes
Provide internal legal training and legal opinions
Handle the company's Intellectual Property Rights issue.
Develop Advantech global branding promotion plan and its materials.
Define company identity system.
Coordinate global marketing campaigns and produce branding and marketing collaterals.
Maintain Advantech external relationship with SIG (special interest groups), media and etc.
Main Department
Main Responsibilities
5. Plan and launch global strategic corporate events (World Partner Conference, Anniversary Program, etc.)
Digital Marketing & CRM
Expanding digital marketing channels and methodologies toward the target sector market communication and leveraging big data analysis plus CRM management including sales automation, productivity enhancement, real-time support, to achieve the automatic marketing intelligence.
Corporate Treasury and Investment Finance
Central Engineering Services
Provide relevant design/verification resources and services required for R&D of various business groups. Including: printed circuit board design (PCB Design), signal and power integrity simulation & validation (SI/PI Simulation & Validation), power circuit design, EDA electronic design automation (CAE), R&D collaborative management platform design and management, Engineering Process Management (EPM), Package Design.
Manufacturing
related executions
Corporate Quality
Global Services
Strategic Procurement
Global Cash Management:Integrate funding resources, maximize benefit and minimize cost between HQ and affiliate. Integrate Global guarantee, internal loan and bank borrowing.
FX Risk Management:Set up FX Hedge policy for Advantech Group
Global Asset and Insurance Integration management
Investment portfolio company management
Investee company Portfolio tracking, preparation of management reports, and compliance with Advantech Group regulations.
Develop intelligent manufacturing strategy with introducing automation equipment and intelligent system to achieve the overall strategy of the company
Based on the company's overall operation plan, make the plant area layout and set the production objectivescapacity planning
Coordinate and manage material、production、quality、logistics and operation
Coordinate with related departments, including RD, PM, manufacturing, sales and after services, to ensure and enhance product quality, monitor and prevent major quality deviation
Develop and implement company quality assurance system, to meet and satisfy the needs of customer and ISO requirements
Manage and enhance design quality assurance tests in product development phase
Evaluate and apply product regulations
Monitor and enhance product quality on factory and supply chains
Plan and implement customer quality services, and establish global strategies to provide real-time services
Responsible for global order processing and logistics services to overseas sites to meet global distributions
Provide customers one-stop global service and total solutions, from design, manufacturing, quality control, procurement, logistics, assembly, customer service to repair
Negotiate and purchase required components and equipment.
Develop new vendors of components and equipment in response to rapid changing technology evolution
Develop integrated purchasing strategies that support organizational strategies, goals and objectives
Develop the supply chain strategy, and contact procurement for the long-term and competitive components and material supply.
Main Department
Main Responsibilities
Supply Chain
IoT Automation Sector
The IoT Automation Sector focuses on open, automated, and intelligent Industrial IoT applications, leveraging innovative hardware, software, and cloud services. By integrating edge computing, real-time data analytics, and intelligent connectivity technologies, we help traditional automation transition into the era of intelligent IoT. Our solutions provide data acquisition modules, wireless intelligent sensors, industrial communication and networking devices, edge gateways, IoT controllers, and Human-Machine Interface (HMI) systems, enabling seamless data integration from field devices to the cloud, accelerating the adoption of Industrial IoT applications.
Key application areas include smart factories, industrial equipment, data center, renewable energy, smart environments and agriculture, and intelligent transportation. Through edge computing and cloud-based integrated solutions, we enable device connectivity, remote monitoring, intelligent control, predictive maintenance, and energy management, driving digital transformation for enterprises.
Additionally, with a well-established global sales and technical network, distribution partners, and the cross-border e-commerce platform IoTMart, we drive the widespread deployment of intelligent IoT automation technologies, empowering global industries to upgrade and build a more efficient, sustainable, and interconnected future.
Intelligent Systems Sector
The Intelligent Systems Sector focuses on edge computing, servers, machine
vision, video streaming, industrial mobility and autonomy technologies, dedicated to developing high-performance, reliable, and intelligent computing platforms and solutions. The product portfolio includes edge computers, edge servers, rugged and in-vehicle edge AI platforms, human-machine interfaces (HMI),industrial and medical tablets, industrial AI cameras, and network security platforms, widely applied in intelligent factories, industrial and semiconductor equipment, collaborative robots, transportation, logistics, heavy duty machinery, power and energy, networking & communication, and video streaming markets.
Leveraging Advantech's strengths in edge computing hardware and AI Agent software integration, we provide L11 Rack cabinet system assembly, integration, and testing services, further empowering industrial clients with high-value intelligent solutions to drive industrial intelligence and business growth.
Embedded Sector
Embedded Group provides a comprehensive range of edge computing & AI platforms, from embedded boards and intelligent systems to industrial peripherals, application-focused robotics and industrial drone solutions, along with Design and Manufacture Services (DMS)
We offer product development, system design, industrial drone, manufacturing, and global localized sales and technical support. Focusing on key vertical markets-including Medical, gaming, transportation, industrial drone, AMR, robotic, automation, self-service KIOSK, Pro AV, industrial servers, and mission critical applications-our mission is to delivers one-stop integrated services.
To address the ambiguous edge AI, we strengthen alliances with embedded eco-partners and application-driven system integrators worldwide, building a diverse, open, and developer-friendly hardware-software integration platform, accelerating the real-world deployment of AI technologies at the edge.
In response to the rapidly evolving robotics market, we partner with leading
Plan and implement internal supply and demand linkage strategy to set a flexible supply chain system
Make supply and demand balance plans for various different product types to meet the company's business strategy and customer various demand
Develop supply chain strategy with customers to win the business objectives
Main Department
Main Responsibilities
silicon and camera providers to deliver domain-focused robotics solutions that shorten customers' path from PoC to large-scale deployment. To address rising cybersecurity requirements, we offer IEC 62443-4-2 certified platforms across both x86 and Arm architectures. Through strategic technology roadmaps and partnerships, we continue to strengthen our global leadership and long-term competitive advantage.
Intelligent Service Sector
The iService Sector focuses on smart city-related technologies, delivering product development, marketing, and sales of IoT solutions. With edge computing and edge AI as its core capabilities, the sector provides a comprehensive portfolio of intelligent systems, industrial tablets, and integrated solution suites. These offerings are designed to support industrial applications across healthcare, retail, and hospitality, enabling real-time AI analytics and advanced edge computing in diverse operational scenarios. Through continuous innovation and solution deployment, the iService Sector supports the digital transformation of key vertical markets, helping customers improve operational efficiency, enhance decision-making, and build more connected and intelligent environments.
Regional Business Organizations
Develop global businesses and markets, and provide technical support and value-added services in the region. Consistently develop new markets and eco-partnerships, enhance our customer relations and customers' trust on our brand and solutions.
Global IoTMart Sales Force
The Global IoTMart Sales Force is dedicated to driving the digital transformation of IoT product sales by leveraging IoT technologies and artificial intelligence to optimizes and enhances e-commerce efficiency. It also operates a global cross-border direct-to-consumer (DTC) e-commerce platform and provides integrated online and offline digital sales services that foster collaborative growth.
The department's core responsibilities include:
AI-powered enablement of diversified commerce platforms
Data-driven precision sales
Driving sales transformation and building an integrated industry sales ecosystem
User experience development
System optimization, maintenance, and intelligent AI services
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Structure
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Directors and Management Team
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Directors
March 31, 2026
Note 1: Concurrent Positions Held by Chairman, K.C. Liu Simultaneously act as the chairman of the following companies:Title
Nationality
Name
Gender/Age
Date elected
Term (Years)
First elected
Shareholding when elected
Current shareholding
Spouse and Minor shareholdings
Shareholding by nominee arrangement
Education and selected past positions
Current additional positions
Other heads, directors, or supervisors as spouse or kin within the second degree
Shares
%
Shares
%
Shares
%
Shares
%
Title
Name
Relation
Chairman
ROC
K.C. Liu
Male / 61-70
05.25.2023
3
11.11.1985
25,620,886
3.66%
26,993,951
3.11%
5,701,052
0.66%
0
0%
Founder of Advantech:
Former salesman of Instruments Dept. of Hewlett-Packard; Department of Telecommunications Engineering, National Chiao Tung
University
Note 1
Director
K and M Investment Co., Ltd.
Father-child
Director
ROC
Advantech Foundation.
Male / 61-70
05.25.2023
3
05.26.2017
20,288,715
2.89%
24,543,548
2.83%
0
0%
0
0%
President of Le Wel Co.,Ltd. Tatung Institute of Technology,Taiwan
Note 2
None
None
None
Representative Chaney Ho
0
0%
13,615
0%
53,482
0.01%
0
0%
Director
ROC
K and M Investment Co., Ltd
Male / 41-50
05.25.2023
3
05.28.2020
83,073,163
11.85%
100,651,794
11.59%
0
0%
0
0%
Director of Advantech Intelligent City Services Co., Ltd.
Johns Hopkins University GMBA
Note 3
Chairman
K.C. Liu
father-child
Representative: Wesley Liu
0
0%
389,342
0.04%
24,193
0%
0
0%
Director
ROC
AIDC Investment Corp.
Male / 31-40
05.25.2023
3
05.25.2023
82,097,182
11.71%
99,746,136
11.49%
0
0%
0
0%
Product Manager of Advantech Intelligent Imaging Business Unit. Master of Business Administration, National Taiwan University
Note 4
None
None
None
Representative Tony Liu
0
0%
210,480
0.02%
159,482
0.02%
0
0%
Director
ROC
Jeff Chen
Male / 61-70
05.25.2023
3
05.25.2023
0
0%
0
0%
0
0%
0
0%
VP of Stanley Black & Decker and President of Asia Region EMBA,Northwestern University
None
None
None
None
Director
ROC
Ji-Ren Lee
Male / 61-70
05.25.2023
3
05.25.2023
0
0%
0
0%
0
0%
0
0%
Associate Dean, College of Management and Executive Director, EMBA Program, National Taiwan University
Ph. D in Strategic Management,
University of Illinois at Urbana Champaign
Note 5
None
None
None
Independent Director
ROC
Ming-Hui Chang
Male / 61-70
05.25.2023
3
05.25.2023
0
0%
0
0%
0
0%
0
0%
Chairman of PricewaterhouseCoopers Management Consulting Co., Ltd.、 CEO/Partner of PricewaterhouseCoopers Adjunct Professor,
Ph.D. in Accounting, University of
Maryland
Note 6
None
None
None
Independent Director
ROC
Benson Liu
Male / 71-80
05.25.2023
3
05.26.2017
0
0%
0
0%
0
0%
0
0%
Chairman and President of
Bristol-Myers Squibb (Taiwan) Ltd. Master, International Business Administration, University of
Northrop, USA
Note 7
None
None
None
Independent Director
ROC
Chan-Jane Lin
Female / 61-70
05.25.2023
3
05.28.2020
0
0%
0
0%
0
0%
0
0%
FocalTech Systems Co., Ltd.-Independent Director
Ph.D in Accounting,University of
Maryland
Note 8
None
None
None
Advantech Foundation, K and M Investment Co., Ltd.,Advantech Technology (China) Company Ltd. (AKMC)
Simultaneously act as the director of the following companies:AIDC Investment Corp., Advantech Corporate Investment (ACI), AIC Taiwan Holding CORP., Expetech Co., Ltd.,Shanghai Advantech intelligent Services Co.,Ltd(ACI CN), Xi'an Advantech Software Ltd., Advantech Technology Co., Ltd.(ATC)、Advantech Corporation.(ANA)、HK Advantech Technology Co., Limited (ATC HK)、 Advantech Automation Corp.(HK) Limited (AAC HK)
Note 2: Concurrent Positions Held by Director, Chaney Ho Simultaneously act as the director of the following companies:Unabiz Pte Ltd., Simultaneously act as the independent director of the following companies: GIANT MANUFACTURING CO., LTD., Apex Medical Corp Note 3: Concurrent Positions Held by Director, Wesley Liu Simultaneously act as the chairman of the following companies: CZ investment Co.,Ltd. Simultaneously act as the director of the following companies:K and M Investment Co., Ltd., Tran-Ting Development Co., Ltd., Tran-Fei Development Co., Ltd., AIC Taiwan Holding CORP., Winmate Inc, Shanghai Advantech intelligent Services Co.,Ltd(ACI CN), Advantech Australia Pty Ltd. (AAU), Advantech Co.Malaysia Sdn.Bhd (AMY), Advantech Turkey Technology A S..(ATR), Advantech International PT.(AID), Advantech Industrial Computing India Private Limited.(AIN), Advantech Electronics,S.De R.L.De C. (AMX), Advantech IOT Israel Ltd.(AIL), Advantech Raiser India Private Limited(ARI), Advantech Technology DMCC.(ADB)
Note 4: Concurrent Positions Held by Director, Tony Liu Simultaneously act as the chairman of the following companies:Tran-Ting Development Co., Ltd., Tran-Fei Development Co., Ltd., Hsiung Yang Investment, Advantech Corporate Investment (ACI), Advanixs Corporation, Advantech Intelligent Services Co.,Ltd. (AiCS), Cermate Technologies Inc., Expetech Co., Ltd.
Simultaneously act as the director of the following companies:K and M Investment Co., Ltd., CZ investment Co.,Ltd., AIDC Investment Corp., AXIOMTEK CO., LTD., Smasoft technology Co., Ltd., Yan Xu Green Electricity Co.,Ltd., Beijing Yan Hua Xing Ye Electronic Science &Technology Co.,Ltd.(ACN), Bitflow, Inc.、Aures Technologies S.A.、A.G.H US Holding Company Inc.、Retail Technology Group Inc.、J2 Systems Technology Ltd.、Aures Technologies Ltd.、Aures Technologies Pty、Nippon RAD Inc.
Note 5: Concurrent Positions Held by Director, Ji-Ren Lee Simultaneously act as the chairman of the following companies: B Current Impact Investment ,Chengzhi Education Foundation Chairman Simultaneously act as the director of the following companies:COMMONWEALTH EDUCATION MEDIA AND PUBLISHING CO., LTD.), CommonWealth Magazine Co., Ltd. ,Longchen Paper & Packaging Co., Ltd.,Primax Electronics Ltd.
Simultaneously act as the independent director of the following companies: Airoha Technology, MAYO Human Capital Inc Note 6: Concurrent Positions Held by Independent Director, Ming-Hui Chang Simultaneously act as the Independent Director of the following companies: UNI-PRESIDENT ENTERPRISES CORP., Longwell Company, Solomon Technology Corporation Note 7: Concurrent Positions Held by Independent Director, Benson Liu Simultaneously act as the Independent Director of the following companies: Chenbro Micom Co., Ltd. Simultaneously act as the Director of the following companies:：Maywufa Company Ltd. Note 8: Concurrent Positions Held by Independent Director, Chan-Jane Lin Simultaneously act as the Independent Director of the following companies:FocalTech Systems Co., Ltd., Chief Telecom Inc., Vanguard International Semiconductor Corporation
Major shareholders of the institutional shareholders
March 31, 2026
Name of Institutional shareholders
Major shareholders (note)
AIDC Investment Corp.
K.C. Liu (18.77%), Mary Chang (5.08%), Advantech Foundation (10.08%) ,Wesley Liu (1%)
K and M Investment Co., Ltd.
K.C. Liu (32.92%), Wesley Liu (1.38%), Tony Liu(1.35%),
Mary Chang (31.95%)
Tran-Fei Development Co., Ltd
Tony Liu(5.32%), Li-Huai Huang(2.12%), Mary Chang(0.62%)
Asus Computer Co., Ltd.
Capital TIP Customized Taiwan Select High Dividend ETF Fund Account (5.36%), Yuanta Taiwan High Dividend ETF Fund Account (4.71%), Cathay Taiwan ESG Sustainability High Dividend ETF Fund Account (4.27%), Jonney Shih (4.05%), Cathay United Bank, Custodian for Infinity No.1 Investment Co., Ltd. (2.78%), Citibank Taiwan Ltd., as Custodian for ASUS Depositary Receipts (2.63%), Fuh Hwa Taiwan Technology Dividend ETF Fund Account (1.85%), Yuanta Taiwan Top 50 ETF Fund Account (1.85%), Nan Shan Life Insurance Co., Ltd. (1.59%), New Labor Pension Fund (1.49%)
Note: List of top 10 shareholders.
Major shareholders of the major instituational: The Advantech Foundation is a non-profit organization, therefore it is not applicable.
-
Directors of information as professional qualifications and independent status of directors and independent directors
Qualification
Name
Professional qualifications and experience
Independent status
Number of Other Public Companies in Which the Individual is Concurrently
Serving as an Independent Director
Chairman
K.C. Liu
Chairman Liu, as the founder of Advantech, has striven to direct Advantech towards the goal of globalization since the incorporation of the company through continuous development, innovation, and application. In view of the vigorous development of the global Internet of Things (IoT) in recent years, he has actively cooperated with partners to "create" an industrial ecosystem and to promote IoT software and hardware solutions with the industrial IoT cloud platform WISE-IoT as the core. Chairman Liu for the purpose of realizing the values based on altruism has led Advantech to implement ESG based on the core capabilities of the company, to expand its social influence,
and to move towards the goal of sustainable development.
An employee of the Company.
0
Director Chaney Ho
Director Ho is the co-founder of Advantech with a focus on Advantech's global business marketing, branding, and operation management, and plans to promote Advantech's vision plan of "Enabling an Intelligent Planet" in order to accelerate Advantech's entering the Internet of Things (IoT) industry. Therefore, Advantech has been awarded the honor of being ranked in the top 5 of "Branding Taiwan" since the year of 2004 to the present.
Currently serves as an independent director of GIANT MANUFACTURING CO., LTD.,and Apex Medical Corp
Not an employee of the Company or a subsidiary.
2
Director Jeff Chen
Director Chen was the former global vice president and Asia president of Stanley Black & Decker, Inc. who has management experience in large-scale international enterprises, M&A strategy execution, and a profound
understanding of technology expertise.
Not an employee of the Company or a subsidiary.
0
Qualification
Name
Professional qualifications and experience
Independent status
Number of Other Public Companies in Which the Individual is Concurrently Serving as an
Independent Director
Director Wesley Liu
Director Liu has experience in smart cities, smart retail system integration (SI) solutions, and Internet of Things
(IoT) development, as well as experience in talent strategy development and comprehensive management.
An employee of a subsidiary.
0
Director Tony Liu
Director Liu has the necessary work experience for commerce and business affairs, and is profession at operational judgment, accounting and financial analysis, business management, crisis management, industry
knowledge, international market outlook, leadership, and decision-making capability.
An employee of a subsidiary.
0
Director
Ji-Ren Lee
Director Lee worked at National Taiwan University from 2005 to 2020, and successively served as deputy dean of the School of Management and executive director of EMBA, deputy dean of teaching and resource development of the School of Management, and director of the Creativity & Entrepreneurship Program and Innovation Center. Director Li has been awarded the Honorary Professor of the Department of International Business, National Taiwan University after his retirement in 2020.
Director Lee has expertise and experience in business strategy, talent development, risk management, and financial analysis; also, he has more than five years of work experience needed for the company's business. He was the Associate Executive Officer of Yulon Group in 1982, which is the kind of work experience related to the GICS industry.
Currently serves as an Independent Director: Airoha Technology, MAYO Human Capital Inc
Not an employee of the Company or a subsidiary.
2
Independent Director
Ming-Hui Chang
Independent Director Chang was the former chairman of PwC Foundation and the director of PwC Taiwan who has professional accounting and financial knowledge; he also, has a profound understanding of the international market and sufficient experience in risk management.
Professional certification and license: Certified Public Accountant of the Republic of China.
Currently serves as an Independent Director: Uni-President Enterprise Corp, Longwell Company, Solomon Technology Corporation.
In the two years before the election and during the term of office, they have met the independence assessment conditions of the "Regulations Governing Appointment of Independent Directors and Compliance Matters
for Public Companies".
3
Independent Director Benson Liu
Independent Director Liu has professional knowledge and skills in financial accounting, corporate governance, operation management, etc., and is familiar with relevant laws and regulations.
Important experience: Chairman and President of Taiwan Bristol-Myers Squibb (Taiwan) Ltd., the sixth chairman of Taiwan Corporate Governance Association, and the current standing director.
Currently serves as an Independent Director: Chenbro Micom Co., Ltd.
In the two years before the election and during the term of office, they have met the independence assessment conditions of the "Regulations Governing Appointment of Independent Directors and Compliance Matters
for Public Companies".
1
Independent Director
Chan-Jane Lin
Independent Director Lin has expertise in financial accounting, business management, and corporate governance. She is currently serving as a professor at the Accounting Department of National Taiwan University and an adjunct professor at the School of Management of National Taiwan University. She also serves as the convenor of supervisors of Taiwan Corporate Governance Association, and the supervisor of the Securities and Futures Investors Protection Center.
Important experience: Independent director of Fubon Financial Holding Co., Ltd., independent director of Fubon Life Insurance Co., Ltd., and independent director of Fubon Securities Co., Ltd.
Concurrently serving as an independent director:
FocalTech Systems Co., Ltd., Chief Telecom Inc., Vanguard International Semiconductor Corporation
In the two years before the election and during the term of office, they have met the independence assessment conditions of the "Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies".
3
Note1: None of the directors of the Company has any circumstance under Article 30 of the Company Act.
Note2: All directors of the Company have not been elected on behalf of the government, corporate or representative in accordance with Article 27 of the Company Act.
-
Diversity and independence of the Board of Directors:
Diversification of the Board of Directors:
In order to strengthen corporate governance and promote the sound development of the composition and structure of the Board of Directors, the Board of Directors of the Company has adopted and formulated the "Corporate Governance Best Practice Principles of Advantech Co., Ltd.", in which Article 20 stipulates that the composition of the Board of Directors should consider diversification. Except that the directors who concurrently serve as the Company's managers should not exceed one-third of the number of directors, they should formulate appropriate diversification policies according to their own operation, operation type, and development needs. It should include but not be limited to basic conditions and values (gender, age, nationality, race or ethnic group and culture, etc., in which the ratio of female directors should not be less than 10%, professional knowledge and skills (Professional Background such as law, accounting, industry, finance, marketing or technology), professional skills and industrial experience.
The selection of Board members follows the candidate nomination system in accordance with Article 192-1 of the Company Act. Directors are elected by the shareholders at the Annual General Meeting from the list of nominated candidates. Independent Directors are recruited in accordance with the "Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies." Each term of office for the Board of Directors is three years. In addition, the Company's Coporate Charter Articles of Incorporation stipulate that Independent Directors may concurrently serve as Independent Directors of no more than three other public lisited companies.
Specific management objectives:
The company's board of directors guides the company's strategy planning, supervises the management, and is responsible to the company and shareholders. All operations and arrangements related to the corporate governance system are to ensure that the board of directors exercises its powers in accordance with laws and regulations, the company's articles of incorporation, and the resolutions of shareholders meetings. The company's directors all have the necessary knowledge, skills, literacy, and industrial decision-making and management capabilities for job responsibilities. The company continues to arrange diversified advanced education for board directors so to improve their decision-making quality and supervision capabilities in order to enhance the functions of the board of directors as a whole.
The company's 15th Board of Directors consists of nine directors, including three independent directors, who account for 33% of all board directors. In line with the principle of gender balance, the 15th Board of Directors includes one female Director, representing 11% of the Board. This exceeds the minimum female representation stipulated in Advantech's "Corporate Governance Best Practice Principles." The company has long prioritized the professional expertise and oversight contributions of board members, without being constrained by gender. However, given the industry characteristics of electronics manufacturing, there is a scarcity of female board talent with backgrounds in industrial and technological fields. Achieving a female board representation of over one-third remains challenging in the short term. In the future, the company will collaborate with professional organizations such as the Independent Directors Association to expand the pool of qualified female board candidates that meet corporate operational needs, thereby fostering a more diverse and well-rounded board structure.
All members of the Company's Board of Directors are distinguished professionals and academics of the Republic of China (R.O.C.) nationality. They possess extensive expertise in operational judgment, accounting and financial analysis, business management, crisis management, industry knowledge, international market perspectives, risk management, leadership, and decision-making. The composition of the Board is determined with due consideration of diversity. In light of the Company's operations, business model, and future development trends, the Company has established a Board Diversity Policy
covering fundamental attributes and values (such as gender, age, nationality, and cultural background), as well as professional knowledge and skills (including risk management, corporate governance, accounting, industry experience, finance, sustainability, and technology). The Board members have made significant contributions to enhancing the Company's governance and management, thereby achieving the Company's specific objectives for Board diversity.
The specific management objectives of the board diversity policy and their achievement status are as follows:
Board Diversity Policy: Specific Management Objectives and Implementation Status
Diversity management objectives
Achievement status
It is advisable that the number of the directors who concurrently serve as the
managers of the Company should not exceed one-third of the board seats.
Done
At least one female director.
Done
The number of independent directors exceeds one third of the board seats.
Done
The independent directors shall not hold office for more than 3 terms.
Done
The implementation status of the board diversity policy is as follows:
Diversified
core projects
Director Name
Gender
Term
Ability to make Operational Judgement
Ability to perform accounting and financial analysis
Ability to conduct management administration
Ability to conduct crisis management
Knowledge of the industry
An international market perspective
Ability to lead
Ability to make policy decisions
Risk management
Sustainability Profession
Industry Experience (According to the Global Industry Classification Standard (GICS))
Less than 3 years
3-9 years
More than 9 years
K.C Liu
Male
V
V
V
V
V
V
V
V
Information Technology
Advantech Foundation: Representative Chaney Ho
Male
V
V
V
V
V
V
V
V
K and M Investment Co., Ltd: Representative Wesley Liu
Male
V
V
V
V
V
V
V
V
Information Technology
AIDC Investment Corp: Representative Tony Liu
Male
V
V
V
V
V
V
V
V
V
Information Technology
Jeff Chen
Male
V
V
V
V
V
V
V
V
V
Industrials
Ji-Ren Lee
Male
V
V
V
V
V
V
V
V
V
V
Benson Liu
Male
V
V
V
V
V
V
V
V
V
V
V
Ming-Hui Chang
Male
V
V
V
V
V
V
V
V
V
V
V
Chan-Jane Lin
Female
V
V
V
V
V
V
V
V
V
V
V
Information Technology
Industrials
Industrials
Business Management
Healthcare
Finance
commercia
professional (Accounting) services
commercial
professional (Accounting) services
Management Team
March 31, 2026
Note 1: Concurrent Positions Held by Chairman, K.C. Liu Simultaneously act as the chairman of the following companies:Title
Nationality
Name
Date elected
Shareholding
Spouse and Minor Shareholdinng
Shareholding by nominee arrangement
Education and selected past positions
Current additional positions
Spouse or relatives within two degrees who are managers
Notes
Shares
%
Shares
%
Shares
%
Title
Name
Relationship
Chairman
ROC
K.C. Liu
06.01.2003
26,993,951
3.11%
5,701,052
0.66%
0
0%
Founder of Advantech Co., Ltd. Salesman of Instruments Dept. of Hewlett-Packard
Department of Telecommunications Engineering,
National Chiao Tung University
Note 1
None
None
None
None
President
ROC
Eric Chen
09.01.2017
263,988
0.03%
165,975
0.02%
0
0%
Elitegroup Computer Systems Co., Ltd.
Tai Sen Enterprise Co., Ltd.
Department of Computer Science, Tamkang University
Note 2
None
None
None
None
President
ROC
Miller Chang
09.01.2017
207,521
0.02%
0
0%
0
0%
Phoenix Technologies Ltd. EMBA,National Taiwan University of Science and Technology
Note 3
None
None
None
None
President
ROC
Linda Tsai
09.01.2017
439,281
0.05%
191,688
0.02%
0
0%
QUANTA COMPUTER INC.
Syracuse University Master of Information Resources
Note 4
None
None
None
None
Corporate governance officer
ROC
Grace Liao
09.20.2023
30,331
0%
0
0%
0
0%
Investor Relations Manager, Sercomm Corporation Investor Relations Manager, Mitac Holdings Corporation
Bachelor's Degree in Economics,
National Chengchi University
None
None
None
None
None
Accounting Officer
ROC
Mandy Lin
06.01.2003
40,002
0%
0
0%
0
0%
Advantech Co.,Ltd. Senior Accountant
Chinese Culture University
None
None
None
None
None
Advantech Foundation, K and M Investment Co., Ltd.,Advantech Technology (China) Company Ltd. (AKMC)
Simultaneously act as the director of the following companies:AIDC Investment Corp., Advantech Corporate Investment (ACI), AIC Taiwan Holding CORP., Expetech Co., Ltd., Shanghai Advantech intelligent Services Co.,Ltd(ACI CN), Xi'an Advantech Software Ltd., Advantech Technology Co., Ltd.(ATC)、Advantech Corporation.(ANA)、HK Advantech Technology Co., Limited (ATC HK)、 Advantech Automation Corp.(HK) Limited (AAC HK)
Note 2: Concurrent Positions Held by President, Eric Chen Simultaneously act as the chairman of the following companies: Beijing Yan Hua Xing Ye Electronic Science &Technology Co.,Ltd.(ACN) Simultaneously act as the director of the following companies:Advantech Corporate Investment (ACI), Advantech Japan Co.,Ltd.(AJP), Advantech Turkey Technology A.S. (ATR)
Simultaneously act as the supervisor of the following companies:Shanghai Advantech Intelligent Services Co., Ltd. (AiSC), Advantech Technology (China) Company Ltd. (AKMC), Advantech International PT (AID).
Note 3: Concurrent Positions Held by President, Linda Tsai Simultaneously act as the director of the following companies: Advantech Czech s.r.o. (ACZ)、Advantech Europe Holding B.V. (AEUH )、Advantech Europe B.V.(AEU)、Advantech Technology Limited (AIE)、Advantech Automation Corporation B.V.(AAC-NL)
-
Directors
-
Remuneration of Directors, Presidents, and Vice Presidents
-
Remuneration of Directors
Unit: NT$ Thousand
Title
Name
Rremuneration
Ratio of Total Remuneration(A+B+C+D) to net income %
(Note 10)
Relevant Remuneration Received by Directors who are Also Employees
Ratio of Total Compensation (A+B+C+D+E+F+G)to net
income %
(Note 10)
Compensation
Basc Compensation
(A) (Note 2)
Severance Pay (B)
Directors Compensation (C)
Allowances (D) (Note 4)
Salary, bonuses and
allowance (E) (Note 5)
Severance Pay (F)
Employee Compensation (G) (Note 6)
Paid to Directors from an Invested Company Other than the Company's subsidiary
(Note11)
Advantech
From All Consolidated Entities (Note 7*)
Advantech
From All Consolidated Entities (Note 7)
Advantech
From All Consolidated Entities (Note 7)
Advantech
From All Consolidated Entities (Note 7)
Advantech
From All Consolidated Entities (Note 7)
Advantech
From All Consolidated Entities (Note 7)
Advantech
From All Consolidated Entities (Note 7)
Advantech
From All Consolidated Entities (Note 7)
Advantech
From All Consolidated Entities (Note 7)
Cash
Stock
Cash
Stock
Chairman
K.C.Liu
0
0
0
0
2,950
2,950
0
0
0.03%
0.03%
6,080
6,080
0
0
0
0
0
0
0.09%
0.09%
0
Director
Advantech Foundation
0
0
0
0
2,000
2,000
0
0
0.02%
0.02%
0
0
0
0
0
0
0
0
0.02%
0.02%
0
Representati Chaney Ho
Director
K and M Investment Co., Ltd.
0
0
0
0
1,000
1,000
0
0
0.01%
0.01%
5,204
5,204
108
108
0
0
0
0
0.06%
0.06%
0
Representative: Wesley.Liu
Director
AIDC Investment Corp:
0
0
0
0
1,000
1,000
0
0
0.01%
0.01%
4,678
4,678
101
101
0
0
0
0
0.05%
0.05%
0
Representative Tony Liu
Director
Jeff Chen
0
0
0
0
3,000
3,000
0
0
0.03%
0.03%
0
0
0
0
0
0
0
0
0.03%
0.03%
0
Director
Ji-Ren Lee
0
0
0
0
3,000
3,000
0
0
0.03%
0.03%
0
0
0
0
0
0
0
0
0.03%
0.03%
0
Independent Director
Ming-Hui Chang
0
0
0
0
4,200
4,200
0
0
0.04%
0.04%
0
0
0
0
0
0
0
0
0.04%
0.04%
0
Independent Director
Benson Liu
0
0
0
0
4,200
4,200
0
0
0.04%
0.04%
0
0
0
0
0
0
0
0
0.04%
0.04%
0
Independent Director
Chan-Jane Lin
0
0
0
0
3,000
3,000
0
0
0.03%
0.03%
0
0
0
0
0
0
0
0
0.03%
0.03%
0
Please describe the policy, system, standard, and structure of remuneration to independent directors, and the correlation between duties, risk, and time input with the amount of remuneration:
For the remuneration of independent directors, besides referring to results of director performance evaluations, the Remuneration Committee considers each director's degree of participation and contribution to the Company's operations, links the reasonableness and fairness of performance and risks to remuneration, considers the Company's business performance and the remuneration standards of competitors, and makes recommendations to the Board of Directors in accordance with Article 13-5 of the Company's Articles of Incorporation.
Other than as disclosed in the above table, the remuneration earned by Directors providing services (e.g. providing consulting services as a non-employee) to the Company and all consolidated entities in the latest fiscal year: None.
Range of Remuneration
Range of Remuneration
Names of Directors
First four categories of remuneration (A+B+C+D)
First seven categories of remuneration (A+B+C+D+E+F+G)
Advantech (Note 8)
Consolidated subsidiaries (Note 9)
Advantech (Note 8)
Consolidated subsidiaries (Note 9)
Less than NT$1,000,000
NT$1,000,000 - NT$2,000,000
Representative of K and M Investment Co., Ltd.,: Wesley.Liu, Representative of AIDC
Investment Corp.: Tony Liu
Representative of K and M Investment Co., Ltd.,: Wesley.Liu, Representative of AIDC
Investment Corp.: Tony Liu
NT$2,000,000 - NT$3,500,000
K.C. Liu, Representative of Advantech Foundation: Chaney Ho, Jeff Chen, Ji-Ren Lee, Chan-Jane Lin
K.C. Liu, Representative of Advantech Foundation: Chaney Ho, Jeff Chen, Ji-Ren Lee, Chan-Jane Lin
Representative of Advantech Foundation: Chaney Ho, Jeff Chen, Ji-Ren Lee, Chan-Jane Lin
Representative of Advantech Foundation: Chaney Ho, Jeff Chen, Ji-Ren Lee, Chan-Jane Lin
NT$3,500,000 - NT$5,000,000
Ming-Hui Chang, Benson Liu
Ming-Hui Chang, Benson Liu
Ming-Hui Chang, Benson Liu
Ming-Hui Chang, Benson Liu
NT$5,000,000 - NT$10,000,000
K.C. Liu
Representative of K and M Investment Co., Ltd: Wesley.Liu, Representative of AIDC Investment Corp.:Tony Liu
K.C. Liu
Representative of K and M Investment Co., Ltd: Wesley.Liu, Representative of AIDC Investment Corp.:Tony Liu
NT$10,000,000 - NT$15,000,000
NT$15,000,000 - NT$30,000,000
-
NT$30,000,000 - NT$50,000,000
-
NT$50,000,000 - NT$100,000,000
-
Over NT$100,000,000
-
Total
9
9
9
9
Note 1: Illustrate the name of each director (the institutional shareholder and its representative should be illustrated separately) and disclose the payment amount in a lump sum.
Please fill out this form and form (3-1) or (3-2) for the director who is also the President or Vice President of the Company.
Note 2: Refers to the remuneration (including director salary, duty allowances, severance pay, various bonuses, incentives, etc.) paid to the directors in the most recent year. Note 3: Refers to the remuneration to directors from the earnings of the most recent year proposed and approved by the board of directors prior to the shareholders' meeting.
Note 4: Refers to the relevant business expenses of the directors in the most recent year (including traveling expenses, special expenses, allowances, dormitories, and transportation vehicles). For the housing, automobiles and other transportation vehicles, or the exclusive personal expenses provided, the nature and cost of the assets, the actual or imputed rent at fair market value, the gasoline expense, and other payments should be disclosed. In addition, for the chauffeur appointed, please explain in the notes regarding the remuneration paid but the amount will not be included in the total remuneration amount.
Note 5: Refers to the salary, job allowance, severance pay, resignation compensation, prize money, incentive payments, traveling expenses, special expenses, allowances, dormitories, and transportation vehicles paid to the directors who are also employees (including concurrent President, Vice President, other managers, and employees) in the most recent year. For the housing, automobiles and other transportation vehicles, or the exclusive personal expenses provided, the nature and cost of the assets, the actual or
imputed rent at fair market value, the gasoline expense, and other payments should be disclosed. In addition, for the chauffeur appointed, please explain in the notes regarding the remuneration paid but the amount will not be included in the total remuneration amount.
Note 6: Refers to the employee bonuses (including stock dividend and cash dividend) paid to the directors who are also employees (including concurrent President, Vice President, other managers, and employees) in the most recent year. The employee bonus amount from the earnings of the most recent year proposed and approved by the board of directors prior to the shareholders' meeting should be disclosed. If the distribution amount of the current year cannot be estimated, it is to base on the amount distributed in the prior year proportionally with Table 1-3 filled out.
Note 7: Refers to the number of shares (excluding the portion executed) to be subscribed by the directors who are also employees (including concurrent President, Vice President, other managers, and employees) with stock options in the most recent year and up to the publication of the annual report. In addition to this form, please fill out Table 15.
Note 8: The remuneration amount paid to the board directors of Advantech by the companies (including Advantech) in the consolidated report should be disclosed.
Note 9: Disclose the name of the directors in the respective range of remuneration paid by all the companies (including the Company) in the consolidated financial report.
Note 10: Net income meant for the net profit after tax in the most recent year. For those companies with the international financial reporting standard adopted, net income meant for the net income after tax in the proprietary or individual financial report of the most recent year.
Note 11: a. The remuneration amount received by the board directors from the invested companies other than the subsidiaries should be disclosed in this column.
b. The remuneration amount, if any, received by the board directors from the invested companies other than the subsidiaries should be disclosed in column J of the Range of Remuneration; also, the column should be renamed as "All transfer-investment businesses."
c. Remuneration meant for the relevant reward, income, employee bonus, and business expense collected by the board directors of the Company acted as a director, supervisor, or manager of the invested companies other than the subsidiaries.
＊ The remuneration disclosed in the Range of Remuneration differs from the concept of income defined according to Income Tax Law; therefore, the table is for the purpose of information disclosure instead of tax levy.
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Remuneration paid to the presidents and vice presidents
Unit: NT$ Thousand / Thousand units
Title
Name
Salary (A) (Note 2)
Severance Pay (B)
Bonuses and Allowance etc. (C) (Note 3)
Employee Compensation (D) (Note 4)
Ratio of total compensation (A+B+C+D) to net income (Note 8)
Compensation Paid to the President and Vice Presidents from an Invested Company Other than the Company's subsidiary
(Note10)
Advantec
From All Consolidated Entities (Note5)
Advantech
From All Consolidated Entities (Note5)
Advantech
From All Consolidated Entities (Note5)
Advantech
From All Consolidated Entities (Note5)
Advantech
From All Consolidated Entities (Note 5)
Cash
Stock
Cash
Stock
Chairman
K.C. Liu
19,240
19,240
374
374
24,068
24,068
5,540
-
5,540
-
0.46%
0.46%
President
Eric Chen
President
Miller Chang
President
Linda Tsai
II. Corporate Government Report
Range of Remuneration
Range of Rremuneration
Name of the President and Vice President
Advantech (Note 6)
Consolidated subsidiaries (Note 7) E
Less than NT$1,000,000
-
-
NT$1,000,000 - NT$2,000,000
-
-
NT$2,000,000 - NT$3,500,000
-
-
NT$3,500,000 - NT$5,000,000
-
-
NT$5,000,000 - NT$10,000,000
K.C Liu,
K.C Liu,
NT$10,000,001 - NT$15,000,000
Eric Chen, Miller Chang, Linda Tsai
Eric Chen, Miller Chang, Linda Tsai
NT$15,000,001 - NT$30,000,000
NT$30,000,001 - NT$50,000,000
-
-
NT$50,000,001 - NT$100,000,000
-
-
Over NT$100,000,000
-
-
Total
4
4
Note 1: Illustrate the name of the President and Vice President and disclose the payment amount itemized. Please fill out this form and form (1-1) or (1-2) for the director who is also the President or Vice President of the Company.
Note 2: Refers to the salary, duty allowances, and severance paid to the President and Vice President in the most recent year.
Note 3: Refers to the reward, incentives, traveling expenses, special expenses, allowances, dormitories, transportation vehicles, and other compensations paid to the President and Vice President in the most recent year. For the housing, automobiles and other transportation vehicles, or the exclusive personal expenses provided, the nature and cost of the assets, the actual or imputed rent at fair market value, the gasoline expense, and other payments should be disclosed. In addition, for the chauffeur appointed, please explain in the notes regarding the remuneration paid but theamount will not be included in the total remuneration amount.
Note 4: Refers to the employee bonus (including stock dividend and cash dividend) to the President and Vice President from the earnings of the most recent year proposed and approved by the board of directors prior to the shareholders' meeting. If the distribution amount of the current year cannot be estimated, it is to base on the amount distributed in the prior year proportionally with Table 1-3 filled out.
Net income meant for the net profit after tax in the most recent year. For those companies with the international financial reporting standard adopted, net income meant for the net income after tax in theproprietary or individual financial report of the most recent year.
Note 5: Refers to the number of shares (excluding the portion executed) to be subscribed by the President and Vice President with stock options in the most recent year and up to the publication of the annual report. In addition to this form, please fill out Table 15.
Note 6: Disclose the itemized amount paid to the President and Vice President by all the companies (including the Company) in the consolidated financial statements.
Note 7: Disclose the name of the President and Vice President in the respective range of remuneration paid by all the companies (including the Company) in the consolidated financial report.
Note 8: Net income meant for the net profit after tax in the most recent year. For those companies with the international financial reporting standard adopted, net income meant for the net income after tax in the proprietary or individual financial report of the most recent year.
Note 9 : a. The remuneration amount received by the President and Vice President from the invested companies other than the subsidiaries should be disclosed in this column.
b. The remuneration amount, if any, received by the President and Vice President from the invested companies other than the subsidiaries should be disclosed in column E of the Range of Remuneration and the column should be renamed as "All transfer-investment businesses."
c. Remuneration meant for the relevant reward, income, employee bonus, and business expense collected by the President and Vice President of the Company acted as a director, supervisor, or manager of the invested companies other than the subsidiaries.
＊The remuneration disclosed in the Range of Remuneration differs from the concept of income defined according to Income Tax Law; therefore, the table is for the purpose of information disclosure instead of tax levy.
Employee Compensation amount paid to managers
March 31, 2026
Unit: NTD
Title (Note 1)
Name (Note 1)
Stock bonus amount (proposed)
Cash bonus amount (proposed)
Total
Ratio of Total Amount to Net Income (%)
Manager
Chairman
K.C. Liu
0
7,292,000
7,292,000
0.07%
President
Eric Chen
President
Miller Chang
President
Linda Tsai
Corporate Governance Officer
Grace Liao
Corporate Governance Officer (note 5)
Imani Chen
Accounting Officer
Mandy Lin
Note 1: Illustrate the name and job title of each manager and disclose the distribution of earnings in a lump sum.
Note 2: It refers to the employee Compensation (including stock dividend and cash dividend) to the managers from the earnings of the most recent year proposed and approved by the board of directors prior to the shareholders' meeting. If the distribution amount of the current year cannot be estimated, it is to base on the amount distributed in the prior year proportionally. Net income meant for the net profit after tax in the most recent year.
Note 3: Scope of applicability to managers, according to the Tai.Chai.Chen III Tzi No. 0920001301 Letter dated March 27, 2003 by the Commission, is as follows:
President and the equals
Vice President and the equals
Junior VP and the equals
(4)Finance Officer (5)Accounting Officer
(6)Other authorized personnel for management and signature
Note 4: For the directors, President, and Vice President who have collected employee Compensation (including stock dividend and cash dividend), in addition to Table 1-2 enclosed, please fill out this form.
Note 5: Due to an internal personnel reassignment, Ms. Imani Chen, the former Corporate Governance Officer, was succeeded by Ms. Grace Liao as Corporate Governance Officer effective April 24, 2025.
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Comparison of Remuneration for Directors, Supervisors, President and Vice Presidents in the Most Recent Two Fiscal Years and Remuneration Policy for Directors, Supervisors,
President and Vice Presidents
The ratio of total remuneration paid by the Company and by all companies included in the consolidated financial statements for the two most recent fiscal years to directors, supervisors, president and vice presidents of the Company, to the net incom
Job Title Directors
Ratio of 2025 total remuneration to net income (%)
Ratio of 2024 total remuneration to net income (%)
Advantech
All consolidated
subsidiaries
Advantech
All consolidated
subsidiaries
Directors
0.23%
0.23%
0.25%
0.25%
President and Vice President
0.46%
0.46%
0.62%
0.62%
Net Income
10,592,507,942
10,592,507,942
9,005,037,387
9,005,037,387
Note: This pertains to the remuneration amount allocated to directors and executives approved by the board of directors in the most recent fiscal year.
The policies, standards, and portfolios for the payment of remuneration, the procedures for determining remuneration, and the correlation with risks and business performance.
Remuneration policies, standards and package:
Compensation of directors :
If the Company makes profits, it shall allocate no more than 1% of the directors' remuneration in accordance with Article 20 of the articles of association. The Company regularly evaluates directors' remuneration in accordance with the "Performance Evaluation Measures of the Board of Directors" and the "Management Measures for Directors' Remuneration". The relevant performance evaluation and remuneration rationality are reviewed by the Remuneration Committee and the Board of Directors.
Remuneration of the President and Vice Presidents:
The Company determines remuneration in accordance with the "Managerial Compensation Policy" and with reference to market compensation benchmarks for comparable positions within the industry, taking into account the scope of responsibilities of the position within the Company and the individual's contribution to the Company's operational objectives; such remuneration is proposed by the Remuneration Committee and approved by the Board of Directors prior to disbursement.
Procedures for Determining Remuneration:The Company regularly evaluates the remuneration of directors and managers based on the evaluation results implemented by the Company's "Performance Evaluation Measures of the Board of Directors", "Management Measures for Directors' Remuneration" and "Management Measures for Managers' Remuneration". The performance measurement standards of the Chairman, President, and senior managers are based on important indicators of operation strategy (digital transformation, innovation contribution, etc.), business performance, and financial results. It also connects the overall operation performance of the Company, the future operation risk and development trend of the industry, and gives reasonable remuneration with reference to the achievement rate of individual performance and the contribution to the Company's performance. The relevant performance evaluation and remuneration rationality are reviewed by the Remuneration Committee and the Board of Directors.
Correlation with Operating Performance and Future Risks:
The performance evaluation of the Board of Directors shall be conducted regularly every year, and the evaluation results shall be submitted for the report to the Board of Directors in the first quarter of each year in accordance with the provisions of the Performance Evaluation Measures of the Board of Directors of the Company, as a reference for review and improvement, as well as the basis for selecting or nominating directors or remuneration. In addition to the full disclosure of individual directors' remuneration in the Company's annual report, the distribution of employee and director remuneration is also presented as a proposal at the Annual General Meeting to inform shareholders and solicit their feedback.
For the remuneration of directors, president, and vice president, it has fully considered the professional ability and the operation and financial status of the Company, continuous learning, and measured other special contributions. Qualitative and quantitative indicators are adopted to facilitate regular evaluations of goal achievement. By implementing a strong linkage between remuneration and performance, the Company reinforces its strategic focus to ensure sustainable growth. Remuneration is determined based on both corporate and individual performance outcomes.
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Remuneration of Directors