2025 Q3 Consolidated Financial Report

The Board of Directors and Shareholders Edimax Technology Co., Ltd.

We have reviewed the accompanying consolidated balance sheets of Edimax Technology Co., Ltd. (the "Company") and its subsidiaries (collectively, the "Group") as of September 30, 2025 and 2024, the related consolidated statements of comprehensive income for the three months ended September 30, 2025 and 2024 and for the nine months ended September 30, 2025 and 2024, the consolidated statements of changes in equity and cash flows for the nine months then ended, and the related notes to the consolidated financial statements, including material accounting policy information (collectively referred to as the "consolidated financial statements"). Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 "Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

Except as explained in the following paragraph, we conducted our reviews in accordance with the Standards on Review Engagements of the Republic of China 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

As disclosed in Note 11 to the consolidated financial statements, the financial statements of non-significant subsidiaries included in the consolidated financial statements referred to in the first paragraph were not reviewed. As of September 30, 2025 and 2024, the combined total assets of these non-significant subsidiaries were NT$363,501 thousand and NT$383,473 thousand, respectively, representing 6% and 5%, respectively, of the consolidated total assets, and the combined total liabilities of these subsidiaries were NT$47,943 thousand and NT$83,710 thousand, respectively, both representing 2% of the consolidated total liabilities; for the three months ended September 30, 2025 and 2024 and for the nine months ended September 30, 2025 and 2024, the amounts of combined comprehensive income (loss) of these subsidiaries were NT$47,627 thousand, NT$39,398 thousand, NT$78,554 thousand and NT$33,069 thousand, respectively, representing (118%), 14%, (38%) and 8%, respectively, of the consolidated total comprehensive income (loss). As disclosed in Note 12 to the consolidated financial statements, as of September 30, 2025 and 2024, the investments accounted for using the equity method were NT$93,609 thousand and

NT$86,883 thousand, respectively; for the three months ended September 30, 2025 and 2024 and for the nine months ended September 30, 2025 and 2024, the share of profit of associates amounted to NT$1,598 thousand, NT$2,388 thousand, NT$11,072 thousand and NT$7,400 thousand, respectively. The financial statements of associates included in the consolidated financial statements referred to in the first paragraph were not reviewed.

Based on our reviews, except for adjustments, if any, as might have been determined to be necessary had the financial statements of the non-significant subsidiaries and investments in associates accounted for using the equity method as described in the preceding paragraph been reviewed, nothing has come to our attention that caused us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Group as of September 30, 2025 and 2024, its consolidated financial performance for the three months ended September 30, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the nine months ended September 30, 2025 and 2024 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 "Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.

The engagement partners on the reviews resulting in this independent auditors' review report are Jyun-Ming Chen and Tza-Li Gung.

Deloitte & Touche Taipei, Taiwan Republic of China

November 7, 2025

Notice to Readers

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

For the convenience of readers, the independent auditors' review report and the accompanying consolidated financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors' review report and consolidated financial statements shall prevail.

CONSOLIDATED BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

September 30, 2025 December 31, 2024 September 30, 2024

EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY (Note 23)

Share capital

The accompanying notes are an integral part of the consolidated financial statements. (With Deloitte & Touche review report dated November 7, 2025)

- 3 -

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

For the Three Months Ended September 30 For the Nine Months Ended September 30

2025 2024 2025 2024

(Continued)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

For the Three Months Ended September 30 For the Nine Months Ended September 30

2025 2024 2025 2024

Amount % Amount % Amount % Amount %

OTHER COMPREHENSIVE INCOME (LOSS)

Items that will not be reclassified subsequently to profit or loss:

Unrealized gain on investments in equity instruments at fair value through other

comprehensive income $ 22,277 3 $ 3,090 - $ 5,578 - $ 1,183 -

Items that may be reclassified subsequently to profit or loss:

Exchange differences on translation of the financial statements of

(With Deloitte & Touche review report dated November 7, 2025) (Concluded)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In Thousands of New Taiwan Dollars)

Equity Attributable to Owners of the Company (Note 23)

Other Equity Unrealized

Valuation Gain

Retained Earnings (Accumulated Deficit)

Exchange Differences on the Translation of

(Loss) on Financial Assets at Fair

Unappropriated the Financial Value Through

Share Capital Earnings Statements of Other Non-controlling

Capital Collected

(Deficit Pending

Foreign

Comprehensive

Interests

The accompanying notes are an integral part of the consolidated financial statements. (With Deloitte & Touche review report dated November 7, 2025)

- 6 -

September 30

(Continued)

September 30

EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCE OF CASH AND CASH EQUIVALENTS HELD IN FOREIGN

CURRENCIES (15,504) 12,073

NET (DECREASE) INCREASE IN CASH AND CASH

EQUIVALENTS (9,135) 712,412

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE

PERIOD 1,742,021 1,135,479

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD $ 1,732,886 $ 1,847,891

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

(With Deloitte & Touche review report dated November 7, 2025) (Concluded)

1. GENERAL INFORMATION

   Edimax Technology Co., Ltd. (the "Company") was incorporated as a company limited by shares under the provisions of the Company Law of the Republic of China (ROC) in June 1986 and has been listed on the Taiwan Stock Exchange since March 20, 2001. Edimax Technology Co., Ltd. is dedicated to the design, development, manufacture and marketing of a broad range of networking solutions.

   The Company and its subsidiaries are hereinafter collectively referred to as the "Group".

   The consolidated financial statements are presented in the Company's functional currency, the New Taiwan dollar.

2. APPROVAL OF FINANCIAL STATEMENTS

   The consolidated financial statements were approved by the Company's board of directors on November 7, 2025.

3. APPLICATION OF NEW, AMENDED AND REVISED STANDARDS AND INTERPRETATIONS

   1. Initial application of the amendments to the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (SIC) (collectively, the "IFRS Accounting Standards") endorsed and issued into effect by the Financial Supervisory Commission (FSC)

      Amendments to IAS 21 "Lack of Exchangeability"

      The initial application of the Amendments to IAS 21 "Lack of Exchangeability" did not have a material impact on the Group's accounting policies.

   2. The IFRS Accounting Standards endorsed by the FSC for application starting from 2026

      New, Amended and Revised Standards and Interpretations

      Effective Date

      Announced by IASB

      Amendments to IFRS 9 and IFRS 7 "Amendments to the Classification and Measurement of Financial Instruments"

      Amendments to IFRS 9 and IFRS 7 "Contracts Referencing Nature-dependent Electricity"

      January 1, 2026

      January 1, 2026

      Annual Improvements to IFRS Accounting Standards - Volume 11 January 1, 2026

      IFRS 17 "Insurance Contracts" (including the 2020 and 2021 amendments to IFRS 17)

      January 1, 2023

      As of the date the consolidated financial statements were authorized for issue, the Group is continuously assessing the possible impact of the application of the amendments on the Group's financial position and financial performance and will disclose the relevant impact when the assessment is completed.

   3. The IFRS Accounting Standards in issue but not yet endorsed and issued into effect by the FSC

      New, Amended and Revised Standards and Interpretations

      Effective Date

      Announced by IASB (Note 1)

      Amendments to IFRS 10 and IAS 28 "Sale or Contribution of Assets between an Investor and its Associate or Joint Venture"

      To be determined by IASB

      IFRS 18 "Presentation and Disclosure in Financial Statements" January 1, 2027 (Note 2)

      IFRS 19 "Subsidiaries without Public Accountability: Disclosures" (including the 2025 amendments to IFRS 19)

      January 1, 2027

      Note 1: Unless stated otherwise, the above IFRS Accounting Standards are effective for annual reporting periods beginning on or after their respective effective dates.

      Note 2: On September 25, 2025, the FSC announced that IFRS 18 will take effect starting from January 1, 2028. Domestic entities could elect to apply IFRS 18 for an earlier period after the endorsement of IFRS 18 by the FSC.

      IFRS 18 "Presentation and Disclosure in Financial Statements"

      IFRS 18 will supersede IAS 1 "Presentation of Financial Statements". The main changes comprise:

      • Items of income and expenses included in the statement of profit or loss shall be classified into the operating, investing, financing, income taxes and discontinued operations categories.

      • The statement of profit or loss shall present totals and subtotals for operating profit or loss, profit or loss before financing and income taxes and profit or loss.

      • Provides guidance to enhance the requirements of aggregation and disaggregation: The Group shall identify the assets, liabilities, equity, income, expenses and cash flows that arise from individual transactions or other events and shall classify and aggregate them into groups based on shared characteristics, so as to result in the presentation in the primary financial statements of line items that have at least one similar characteristic. The Group shall disaggregate items with dissimilar characteristics in the primary financial statements and in the notes. The Group labels items as "other" only if it cannot find a more informative label.

      • Disclosures on Management-defined Performance Measures (MPMs): When in public communications outside financial statements and communicating to users of financial statements management's view of an aspect of the financial performance of the Group as a whole, the Group shall disclose related information about its MPMs in a single note to the financial statements, including the description of such measures, calculations, reconciliations to the subtotal or total specified by IFRS Accounting Standards and the income tax and non-controlling interests effects of related reconciliation items.

      Except for the above impact, as of the date the consolidated financial statements were authorized for issue, the Group is continuously assessing the other impacts of the above amended standards and interpretations on the Group's financial position and financial performance and will disclose the relevant impact when the assessment is completed.

4. SUMMARY OF MATERIAL ACCOUNTING POLICY INFORMATION

   1. Statement of compliance

      These interim consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IAS 34 "Interim Financial Reporting" as endorsed and issued into effect by the FSC. Disclosure information included in these interim consolidated financial statements is less than the disclosure information required in a complete set of annual consolidated financial statements.

   2. Basis of preparation

      The consolidated financial statements have been prepared on the historical cost basis except for financial instruments which are measured at fair value and net defined benefit liabilities which are measured at the present value of the defined benefit obligation less the fair value of plan assets.

      The fair value measurements, which are grouped into Levels 1 to 3 based on the degree to which the fair value measurement inputs are observable and based on the significance of the inputs to the fair value measurement in its entirety, are described as follows:

      1. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;

      2. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for an asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and

      3. Level 3 inputs are unobservable inputs for the asset or liability.

   3. Basis of consolidation

      The consolidated financial statements incorporate the financial statements of the Company and the entities controlled by the Company (i.e., its subsidiaries).

      When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Company.

      All intra-group transactions, balances, income and expenses are eliminated in full upon consolidation. Total comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

      See Note 11 and Tables 4 and 5 for the detailed information of subsidiaries (including percentages of ownership and main businesses).

   4. Other material accounting policies

      Except for the following, please refer to the consolidated financial statements for the year ended December 31, 2024.

      1. Retirement benefits

         Pension cost for an interim period is calculated on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant plan amendments, settlements, or other significant one-off events.

      2. Income tax expense

         Income tax expense represents the sum of the tax currently payable and deferred tax. Interim period income taxes are assessed on an annual basis and calculated by applying to an interim period's pre-tax income the tax rate that would be applicable to expected total annual earnings.

5. MATERIAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Except for the consolidated entity's assessment that the reciprocal tariff measures imposed by the United States did not have a material impact, The material accounting judgments and key sources of estimation uncertainty used in the preparation of these interim consolidated financial statements are the same as those used in the preparation of the Group's consolidated financial statements for the year ended December 31, 2024.

1. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

   Investments in Equity Instruments at FVTOCI
   	September 30, 2025	December 31, 2024	September 30, 2024
   Non-current
   Overseas unlisted ordinary shares Bluechip Infotech Pty. Ltd. (Bluechip)	$ 35,284	$ 42,444	$ 43,812
   Domestic unlisted ordinary shares
   Ecobear Technology Corp.	24,255	11,521	10,772
   Status Internet Co., Ltd.	4,722	4,718	3,878
   	$ 64,261	$ 58,683	$ 58,462

   The Group acquired ordinary shares of Bluechip Infotech Pty. Ltd., Ecobear Technology Corp. and Status Internet Co., Ltd. for medium to long-term strategic purposes. Accordingly, the management elected to designate these investments in equity instruments as at FVTOCI as they believe that recognizing short-term fluctuations in these investments' fair value in profit or loss would not be consistent with the Group's strategy of holding these investments for long-term purposes.

2. FINANCIAL ASSETS AT AMORTIZED COST September 30, 2025 December 31, 2024 September 30, 2024

   Current

   Domestic investments

   Time deposits with original maturities of more

   than 3 months $ 121,738 $ 56,556 $ 54,796

   Non-current

   Domestic investments

   Time deposits with original maturities of more

   than 3 months $ 34,916 $ 13,030 $ 21,907

   Refer to Note 32 for information relating to investments in financial assets at amortized cost pledged as security.

3. NOTES RECEIVABLE, TRADE RECEIVABLES AND OTHER RECEIVABLES

Trade receivables

At amortized cost

The average credit period of the Group's sales of goods varies among customers, and no interest was charged on trade receivables. The Group uses other publicly available financial information and its own trading records to rate its major customers. The Group's exposure and the credit ratings of its counterparties are continuously monitored, and the aggregate value of transactions concluded is spread among approved counterparties. Credit exposure is controlled by counterparty limits that are reviewed and approved by the risk management committee annually.

In order to minimize credit risk, the management of the Group has delegated a team responsible for determining credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Group reviews the recoverable amount of each individual trade debt at the end of the reporting period to ensure that adequate allowance is made for possible irrecoverable amounts. In this regard, the management believes the Group's credit risk was significantly reduced.

The Group measures the loss allowance for trade receivables at an amount equal to lifetime ECLs. The expected credit losses on trade receivables are estimated using a provision matrix approach considering the past default experience of the debtor and an analysis of the debtor's current financial position, adjusted for general economic conditions of the industry at the reporting date. As the Group's historical credit loss experience does not show significantly different loss patterns for different customer segments, the provision for loss allowance based on past due status is not further distinguished according to the Group's different customer base.

The Group writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery. For trade receivables that have been written off, the Group continues to engage in enforcement activity to attempt to recover the receivables due. Where recoveries are made, these are recognized in profit or loss.

The following table details the loss allowance of trade receivables based on the Group's provision matrix:

The movements of the loss allowance of trade receivables were as follows:

September 30

The cost of inventories recognized as cost of goods sold for the three months ended September 30, 2025 and 2024 amounted to $499,454 thousand and $1,476,555 thousand, respectively, and the cost of goods sold included inventory write-downs of $28,306 thousand and $23,025 thousand, respectively. The cost of inventories recognized as cost of goods sold for the nine months ended September 30, 2025 and 2024 amounted to $2,100,516 thousand and $3,745,300 thousand, respectively, and the cost of goods sold included inventory write-downs of $30,744 thousand and $151,566 thousand, respectively.

1. SUBSIDIARIES

   1. Subsidiaries included in the consolidated financial statements

      Proportion of Ownership

      Investor	Investee	Nature of Activities	September 30, 2025	December 31, 2024	September 30, 2024	Remark
      The Company	Edimax Computer Co. ("Edimax USA")	Networking equipment wholesale	100.00%	100.00%	100.00%	1), 2)
      The Company	Edimax Technology Europe B.V. ("Edimax	Networking equipment wholesale	100.00%	100.00%	100.00%	1), 2)

      Europe")

      The Company Edimax Technology (BVI) Co., Ltd.

      ("Edimax BVI")

      Networking equipment wholesale 100.00% 100.00% 100.00%

      The Company ABS Telecom Inc. ("ABS Telecom") Telecommunication equipment wholesale,

      transmission and rental

      100.00% 100.00% 100.00% 1), 2)

      The Company	SMAX Technology Co., Ltd. ("SMAX	Wired and wireless telecommunication	100.00%	100.00%	100.00%	1), 2)
      	Technology")	equipment for manufacturing
      The Company	Comtrend Corporation ("Comtrend")	Cable and telecommunication transmission	33.50%	33.49%	33.49%
      Edimax BVI	Datamax (HK) Co., Ltd. ("Datamax HK")	equipment Investing	100.00%	100.00%	100.00%
      ABS Telecom	ABST Information International Inc.	Investing	100.00%	100.00%	100.00%	1), 2)

      SMAX

      Technology

      ("ABST")

      Smax Japan Co., Ltd. ("Smax Japan") Networking equipment wholesale 100.00% 100.00% 100.00% 1), 2)

      Comtrend Comtrend Corporation, USA ("CUSA") Cable and cableless transmission equipment

      wholesale, retail sale, and international trade

      100.00% 100.00% 100.00%

      Comtrend	Comtrend Technology (Netherlands) B.V.	Cable and cableless transmission equipment	100.00%	100.00%	100.00%
      	("CTBV")	wholesale, retail sale, and international trade
      Comtrend	Comtrend Technology (INDIA) Private	Cable and cableless transmission equipment	100.00%	100.00%	100.00%	2), 3)
      	Limited ("INDIA")	wholesale, retail sale, and international trade

      (Continued)

      Proportion of Ownership

      Investor	Investee	Nature of Activities	September 30, 2025	December 31, 2024	September 30, 2024	Remark
      Datamax HK	Edimax Electronic (Dongguan) Co., Ltd.	Networking production and marketing	100.00%	100.00%	100.00%
      	("Edimax Electronic (Dongguan)")
      ABST	ABST Information Telecom Service Inc.	Telecommunication equipment wholesale,	100.00%	100.00%	100.00%	1), 2)
      	("ABST Information Telecom Service")	transmission and rental
      CTBV	Comtrend Central Europe S.R.O. ("CCE")	Cable and cableless transmission equipment	100.00%	100.00%	100.00%
      		wholesale, retail sale, and international
      		trade, etc.
      CTBV	Comtrend Iberia S.L. ("Comtrend Iberia")	Cable and cableless transmission equipment	100.00%	100.00%	100.00%
      		wholesale, retail sale, and international

      trade, etc.

      (Concluded)

      1. As the subsidiary is not a major subsidiary, its financial statements for the nine months ended September 30, 2025 have not been reviewed.

      2. As the subsidiary is not a major subsidiary, its financial statements for the nine months ended September 30, 2024 have not been reviewed.

      3. INDIA was established in September 2024 in India, primarily engaged in the sale and service of broadband communication products.

         As of September 30, 2025, December 31, 2024 and September 30, 2024, the Company held 33.50%, 33.49% and 33.49% of Comtrend's voting shares, respectively, but the Company has the practical ability to direct the relevant activities of Comtrend; thus, Comtrend was listed as a subsidiary of the Group.

         The total assets, liabilities and comprehensive income in the financial statements of non-significant subsidiaries which were not reviewed in the consolidated financial statements mentioned above were as follows:

         September 30

         	2025	2024
         Unreviewed total assets	$ 363,501	$ 383,473
         Proportion of total consolidated assets	6%	5%
         Unreviewed total liabilities	$ 47,943	$ 83,710
         Proportion of total consolidated liabilities	2%	2%

         For the Three Months Ended

         September 30

         For the Nine Months Ended

         September 30

         	2025	2024	2025	2024
         Unreviewed comprehensive income	$ 47,627	$ 39,398	$ 78,554	$ 33,069
         Proportion of total consolidated comprehensive (loss) income	(118%)	14%	(38%)	8%

   2. Details of subsidiaries that have material non-controlling interests

      Proportion of Ownership and Voting Rights Held by Non-controlling Interests

      Name of		September 30,	December 31,	September 30,
      Subsidiary	Principal Place of Business	2024	2023	2023
      Comtrend	Taiwan	66.50%	66.51%	66.51%

      (Loss) Profit Allocated to

      Non-controlling Interests

      For the Nine Months Ended Accumulated Non-controlling Interests Name of September 30 September 30, December 31, September 30,

      Subsidiary	2025	2024	2025	2024	2024
      Comtrend	$ (81,116)	$ 293,251	$ 738,785	$ 868,971	$ 840,108

      The summarized financial information below represents amounts before intragroup eliminations. Comtrend and subsidiaries

      	September 30, 2025	December 31, 2024	September 30, 2024
      Current assets	$ 1,262,505	$ 1,924,628	$ 2,853,681
      Non-current assets	387,766	386,392	401,672
      Current liabilities	(260,261)	(669,788)	(1,620,688)
      Non-current liabilities	(201,384)	(212,756)	(217,447)
      Equity	$ 1,188,626	$ 1,428,476	$ 1,417,218
      Equity attributable to: Owners of Comtrend	$ 398,190	$ 478,397	$ 474,626
      Non-controlling interests of Comtrend	790,436	950,079	942,592
      	$ 1,188,626	$ 1,428,476	$ 1,417,218
      For the Nine Months Ended September 30
      	2025		2024
      Revenue	$ 683,088		$ 3,114,888
      Net (loss) gain for the period	$ (121,979)		$ 440,915
      Other comprehensive (loss) income for the period	(44,539)		91,870
      Total comprehensive (loss) income for the period	$ (166,518)		$ 532,785
      (Loss) gain attributable to: Owners of Comtrend	$ (40,863)		$ 147,664
      Non-controlling interests of Comtrend	(81,116)		293,251
      	$ (121,979)		$ 440,915
      Total comprehensive loss attributable to: Owners of Comtrend	$ (85,100)		$ 236,934
      Non-controlling interests of Comtrend	(81,418)		295,851
      	$ (166,518)		$ 532,785
      			(Continued)

      For the Nine Months Ended

      September 30

      	2025	2024
      Net cash inflow from: Operating activities	$ 258,017	$ 624,646
      Investing activities	(29,836)	(40,044)
      Financing activities	(88,400)	(118,371)
      Effects of exchange rates	(5,767)	7,458
      Net cash inflow	$ 134,014	$ 473,689

      (Concluded)

2. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD September 30, 2025 December 31, 2024 September 30, 2024

   Associates that are not individually material $ 93,609 $ 75,337 $ 86,883

   Refer to Table 4 "Information on Investees" for the nature of activities, principal places of business and countries of incorporation of the associates.

   Investments accounted for using the equity method and the share of profit or loss and other comprehensive income of those investments were calculated based on the financial statements which have not been audited. Management considers there is no material impact on the amounts of equity method of accounting or the calculation of the share of profit or loss and other comprehensive income from the unaudited financial statements.

3. PROPERTY, PLANT AND EQUIPMENT

   Freehold

   Land Buildings

   Machinery and Equipment

   Other

   Equipment Total

   Cost

   Balance on January 1, 2025 $ 1,480,570	$ 976,666	$ 144,180	$ 484,666	$ 3,086,082
   Additions -	4,439	21,973	38,022	64,434
   Disposals -	(295)	(12,128)	(122,474)	(134,897)
   Effects of foreign currency exchange differences -	-	(5,785)	(1,222)	(7,007)
   Balance on September 30, 2025 $ 1,480,570	$ 980,810	$ 148,240	$ 398,992	$ 3,008,612
   Accumulated depreciation
   Balance on January 1, 2025	$ - $ 201,981	$ 104,784	$ 380,523	$ 687,288
   Depreciation expenses	- 19,072	9,002	28,462	56,536
   Disposals Effects of foreign currency exchange differences	- (295) - -	(11,881) (3,917)	(117,775) (726)	(129,951) (4,643)
   Balance on September 30, 2025	$ - $ 220,758	$ 97,988	$ 290,484	$ 609,230
   Carrying amount on September 30, 2025	$ 1,480,570 $ 760,052	$ 50,252	$ 108,508	$ 2,399,382
   				(Continued)

   	Freehold Land	Buildings	Machinery and Equipment	Other Equipment	Total
   Cost
   Balance on January 1, 2024	$ 1,502,582	$ 986,845	$ 137,680	$ 501,552	$ 3,128,659
   Additions	-	5,395	5,223	57,478	68,096
   Disposals	-	-	(3,438)	(51,817)	(55,255)
   Reclassifications	(22,012)	(35,168)	-	-	(57,180)
   Effects of foreign currency exchange
   differences -		-	5,260	894	6,154
   Balance on September 30, 2024 $ 1,480,570		$ 957,072	$ 144,725	$ 508,107	$ 3,090,474
   Accumulated depreciation
   Balance on January 1, 2024	$ - $ 174,951		$ 94,564	$ 399,560	$ 669,075
   Depreciation expenses	- 17,648		8,062	52,640	78,350
   Disposals	- -		(2,870)	(49,313)	(52,183)
   Reclassifications	- (9,606)		-	-	(9,606)
   Effects of foreign currency exchange differences	- -		3,511	665	4,176
   Balance on September 30, 2024	$ - $ 182,993		$ 103,267	$ 403,552	$ 689,812
   Carrying amount on September 30, 2024	$ 1,480,570 $ 774,079		$ 41,458	$ 104,555	$ 2,400,662
   					(Concluded)

   No impairment loss or reversal was recognized for the nine months ended September 30, 2025 and 2024.

   The above items of property, plant and equipment are depreciated on a straight-line basis over their estimated useful lives as follows:

   Building 3-50 years

   Machinery and equipment 2-13 years

   Other equipment 1-10 years

   Property, plant and equipment used by the Group and pledged as collateral for bank borrowings are set out in Note 32.

4. LEASE ARRANGEMENTS

September 30

September 30

Except for the aforementioned addition and recognized depreciation, the Group did not have significant subleases or impairment of right-of-use assets during the nine months ended September 30, 2025 and 2024.

The Group leases certain transportation equipment for the use of transportation with lease terms of 1 to 3 years.

The Group also leases buildings for the use of offices and warehouses with lease terms of 2 to 6 years. The Group does not have bargain purchase options to acquire the leasehold buildings at the end of the lease terms.

d. Other lease information

September 30

September 30

Expenses relating to short-term leases and low-value asset leases

Total cash outflow for leases

The Group's leases of certain office equipment, transportation equipment, and car parking lots qualify as low-value asset leases. The Group has elected to apply the recognition exemption and thus, did not recognize right-of-use assets and lease liabilities for these leases.

1. The investment properties were owned assets held by the Group and were leased as office buildings of the third parties under operating leases. The original non-cancelable period of the leased investment properties was 5 years, and the lessee had the option to extend the period of the lease at the end of the lease agreement.

2. As of September 30, 2025, the main business of investment properties was office leasing, which was an operating lease. The content of the main lease was the same as a general lease contract, and the rental was paid quarterly.

The above items of investment properties are depreciated on a straight-line basis over their estimated useful lives as follows:

Buildings 35 years

The fair value of investment properties had not been measured by independent evaluators and was only measured by the Company's management with market evidence of similar real estate transaction prices.

Except for the amortization recognized, the Group did not have any significant addition, disposal, or impairment of intangible assets during the nine months ended September 30, 2025 and 2024.

The above items of intangible assets are amortized on a straight-line basis over their estimated useful lives as follows:

Computer software 1-5 years

The pension reserve fund comprises pension contributions to the pension fund of managerial personnel of the Company.

The ranges of weighted average effective interest rates on bank loans were 3.15%, 2.31%-4.40% and 2.00%-4.60% per annum as of September 30, 2025, December 31, 2024 and September 30, 2024, respectively.

1. Long-term borrowings

   	September 30, 2025	December 31, 2024	September 30, 2024
   Secured borrowings
   Bank loans (Note 1)	$ 1,320,914	$ 1,333,514	$ 1,337,714
   Bank loans (Note 2)	193,361	200,000	200,000
   Bank loans (Note 3)	-	-	12,500
   	1,514,275	1,533,514	1,550,214
   Less: Current portion	(111,459)	(25,951)	(103,422)
   Long-term borrowings	$ 1,402,816	$ 1,507,563	$ 1,446,792

   1. The bank borrowings are secured by the Group's land and buildings; please refer to Note 32 for additional information. The maturity date is on February 1, 2036 and the effective annual interest rates was 1.985%. The purpose of the borrowing is to purchase land and buildings for operations.

   2. The bank borrowings are secured by the Group's land and buildings; please refer to Note 32 for additional information. The maturity date is January 14, 2042 with grace period of 3 years, and effective annual interest rates were 1.25%-1.985% and 1.985% on January 14, 2022 to January 14, 2025 and January 15, 2025 to January 14, 2042, respectively. The purpose of the borrowing is to purchase land and buildings for operations.

   3. The bank borrowings are secured by the Group's land and buildings; please refer to Note 32 for additional information. The maturity date is on September 25, 2028 and the effective annual interest rate was 2.10%. The purpose of the borrowing is to purchase land and buildings for operations. Due to financial planning, the Group repaid long-term borrowings ahead of schedule in 2024.

The provision for warranty claims represents the present value of management's best estimate of the future outflow of economic benefits that will be required under the Group's obligations for warranties under contracts for the sale of goods.

1. RETIREMENT BENEFIT PLANS

   For the three months ended September 30, 2025 and 2024 and for the nine months ended September 30, 2025 and 2024, the pension expenses of defined benefit plans were $1,720 thousand, $2,152 thousand,

   $6,249 thousand and $5,956 thousand, respectively, and these were calculated based on the actuarially determined pension cost rate on December 31, 2024 and 2023, respectively.

2. EQUITY

   a. Share capital
   Ordinary shares
   	September 30,	December 31,	September 30,
   	2025	2024	2024
   Shares authorized (in thousands of shares)	300,000	300,000	300,000
   Shares authorized (in thousands of N.T. dollars)	$ 3,000,000	$ 3,000,000	$ 3,000,000
   Shares issued and fully paid (in thousands of shares)	223,701	223,701	223,472
   Shares issued and fully paid (in thousands of
   N.T. dollars)	$ 2,237,009	$ 2,237,009	$ 2,234,718
   Capital collected in advance	$ 11,316	$ -	$ 2,291

   As of September 30, 2024, the holders of the Company's unsecured convertible bond claimed the conversion into ordinary shares of $2,291 thousand, the issuance of the ordinary shares was 229 thousand units. As of September 30, 2024, the applying for change of registration was not done, therefore, the share options were recognized as capital collected in advance. The change registration has been completed as of November 28, 2024.

   In addition, as of December 31, 2024, the holders of the Company's unsecured convertible bond claimed the conversion into ordinary shares of $10,205 thousand. The change registration has been completed as of January 28, 2024.

   Employees exercised the share options for $11,316 thousand which is capital collected in advance of the Company on September 30, 2025, issued 1,132 thousand ordinary shares, with a subscription price for $14.2 per share. As of September 30, 2025, the Company did not change registration, so the share options were recognized as capital collected in advance.

   1. Capital surplus

      September 30, 2025 December 31, 2024 September 30, 2024

      May be used to offset a deficit, distributed as cash dividends, or transferred to share

      capital (1)
      Premium from issuance of ordinary shares	$ 6,081	$ 6,081	$ 6,081
      Premium from conversion of bonds	117,587	117,587	117,587
      Treasury share transactions	7,249	6,836	6,836
      The difference between the consideration
      received or paid and the carrying amount of
      the subsidiaries' net assets during actual
      disposal or acquisition	49,362	49,362	49,362

      May only be used to offset a deficit

      Changes in percentage of ownership interest

      in subsidiaries (2)	64,954	64,954	64,954
      Others	33,437	33,437	33,437
      May not be used for any purpose Employee share options	23,355	17,837	15,621
      	$ 302,025	$ 296,094	$ 293,878

      1. Such capital surplus may be used to offset a deficit; when the Company has no deficit, such capital surplus may be distributed as cash dividends or transferred to share capital (limited to a certain percentage of the Company's capital surplus and once a year).

      2. Such capital surplus arises from the effect of changes in ownership interest in a subsidiary that resulted from equity transactions other than actual disposals or acquisitions, or from changes in capital surplus of subsidiaries accounted for using the equity method.

   2. Retained earnings and dividends policy

      Under the dividends policy as set forth in the Articles, where the Company made a profit in a fiscal year, the profit shall be first utilized for paying taxes, offsetting losses of previous years, setting aside as a legal reserve 10% of the remaining profit, setting aside or reversing a special reserve in accordance with the laws and regulations, and then any remaining profit together with any undistributed retained earnings shall be used by the Company's board of directors as the basis for proposing a distribution plan, which should be resolved in the shareholders' meeting for the distribution of dividends and bonuses to shareholders. For the policies on the distribution of compensation of employees and remuneration of directors after the amendment, refer to compensation of employees and remuneration of directors in Note 25 (h).

      Under the dividends policy of the Company, no less than 20% of the undistributed retained earnings should be distributed as dividends to shareholders unless the undistributed retained earnings is less than 20% of outstanding ordinary shares. The dividends can be distributed in the form of shares or cash, but the cash dividends should not be less than 10% of total dividends. The Company determines the dividend distribution in consideration of the investment environment, capital demand, financial structure, earnings, domestic and international competition and shareholders' interest and the future development plan.

      Appropriation of earnings to legal reserve shall be made until the legal reserve equals the Company's paid-in capital. The legal reserve may be used to offset deficit. If the Company has no deficit and the legal reserve has exceeded 25% of the Company's paid-in capital, the excess may be transferred to capital or distributed in cash.

      The appropriation of earnings for 2024 and 2023 that had been resolved by the shareholders in their meetings on June 19, 2025 and June 14, 2024, respectively was as follows:

      For the Year Ended December 31

      			2024	2023
      Legal reserve			$ 11,809	$ 518
      Cash dividends			$ 67,110
      Cash dividends per share (NT$)			$ 0.3
      d. Treasury shares
      	Shares		Shares
      	Transferred to	Shares	Held by
      	Employees	Cancelled	Subsidiaries	Total
      	(In Thousands	(In Thousands	(In Thousands	(In Thousands
      Purpose of Buy-back	of Shares)	of Shares)	of Shares)	of Shares)
      Number of shares on January 1,
      2025	-	-	1,380	1,380
      Number of shares on September 30, 2025	-	-	1,380	1,380
      Number of shares on January 1,
      2024	-	-	1,380	1,380
      Number of shares on September 30, 2024	-	-	1,380	1,380

      For the purpose of improving the use of funds, related information regarding shares of the Company held by subsidiary on the balance sheet date was as follows:

      Name of Subsidiary	Number of Shares Held (In Thousands of Shares)	Carrying Amount	Market Price
      September 30, 2025 Comtrend	1,380	$ 12,935	$ 26,084
      December 31, 2024
      Comtrend	1,380	12,931	40,842
      September 30, 2024
      Comtrend	1,380	12,931	51,604

      As of September 30, 2025, December 31, 2024 and September 30, 2024, Comtrend held 4,120 thousand ordinary shares of the Company, and the Company recognized treasury shares of $1,380 thousand based on the ownership percentage of 33.50%, 33.49% and 33.49% as of September 30, 2025, December 31,

      2024 and September 30, 2024.

      Under the Securities and Exchange Act, the Company shall neither pledge treasury shares nor exercise shareholders' rights on these shares, such as the rights to dividends and to vote. The subsidiary holding treasury shares, however, bestowed shareholders' rights, except the rights to participate in any share issuance for cash and to vote.

      e. Non-controlling interests

      For the Nine Months Ended

      September 30

      	2025	2024
      Balance on January 1	$ 868,971	$ 544,257
      Share in (loss) profit for the period Other comprehensive (loss) income during the period	(81,116)	293,251
      Exchange differences on translating the financial statements of
      foreign operations	(302)	2,600
      Cash dividends distributed by subsidiaries	(48,773)	-
      Share of changes in ownership of subsidiaries	4	-
      Balance on September 30	$ 738,784	$ 840,108

3. REVENUE

   a. Disaggregation of revenue

   For the Three Months Ended

   September 30

   For the Nine Months Ended

   September 30

   	2025	2024	2025	2024
   Revenue from the sale of goods	$ 702,205	$ 2,160,711	$ 2,929,139	$ 5,209,036
   Revenue from the rendering of
   services	4,413	3,789	10,888	13,610
   Other operating and service
   revenue 23		1	39	7
   	$ 706,641	$ 2,164,501	$ 2,940,066	$ 5,222,653
   b. Contract balances
   	September 30,	December 31,	September 30,	January 1,
   	2025	2024	2024	2024
   Trade receivables (Note 9)	$ 506,153	$ 1,161,195	$ 1,362,117	$ 759,899
   Contract assets sale of goods	$ 3,003	$ 3,054	$ 3,896	$ 1,160
   Contract liabilities sale of goods	$ 149,346	$ 306,019	$ 273,953	$ 93,624

   Changes in contract assets are mainly due to contracts with a right of return signed by customers under repurchase agreements. Changes in the balance of contract liabilities primarily result from the timing difference between the Group's satisfaction of performance obligations and the respective customer's payment.

4. NET (LOSS) PROFIT

a. Interest income