4915 Q2 2025 Earings Calendar

Page 1

1 Stock Code:4915 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS With Independent Auditors’ Review Report for the Six Months Ended June 30, 2025 and 2024 Address: No. 669, Ruey Kuang Road, Neihu, Taipei Telephone: (02)2798-9008 The independent auditors’ review report and the accompanying consolidated financial statements are the English translation of t he Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpre tation of the English and Chinese language independent auditors’ review report and consolidated financial statements, the Chinese version sha ll prevail.

Page 2

2 Table of contents Contents Page 1. Cover Page 1 2. Table of Contents 2 3. Independent Auditors’ Review Report 3 4. Consolidated Balance Sheets 4 5. Consolidated Statement of Comprehensive Income 5 6. Consolidated Statement of Changes in Equity 6 7. Consolidated Statement of Cash Flows 7 8. Notes to the Consolidated Financial Statements (1) Company history 8 (2) Approval date and procedures of the consolidated financial statements 8 (3) New standards, amendments and interpretations adopted 8 ～10 (4) Summary of material accounting policies 10 ～13 (5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty 13 (6) Explanation of significant accounts 14 ～45 (7) Related-party transactions 46 ～48 (8) Pledged assets 48 (9) Commitments and contingencies 48 ～49 (10) Losses Due to Major Disasters 49 (11) Subsequent Events 49 (12) Other 49 (13) Other disclosures (a) Information on significant transactions 50 ～55 (b) Information on investees 55 ～57 (c) Information on investment in Mainland China 57 ～58 (14) Segment information 58 ～59

Page 3

3 Independent Auditors’ Review Report To the Board of Directors of PRIMAX ELECTRONICS LTD.: Introduction We have reviewed the accompanying consolidated balance sheets of PRIMAX ELECTRONICS LTD. (“ the Company”) and its subsidiaries (“the Group”) as of June 30, 2025 and 2024, the related consolidated statements of comprehensive income for the three and six months ended June 30, 2025 and 2024, as well as the changes in equity and cash flows for the six months ended June 30, 2025 and 2024, and notes to the consolidated financial statements, including a summary of significant accoun ting policies. The 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 Standards (“ IASs” ) 34, “ Interim Fina ncial 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. Scope of Review Except as explained in the Basis for Qualified Conclusion paragraph, we conducted our reviews in accordance with the Standard on Review Engagements 2410, “R eview of Interim Financial Information Performed by the Independent Auditor of the Entity” of the Republic of China. A review of the 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 conducted in accordance with the Standards on Auditing of the Republic of China and consequently does not enable us to obtain assurance that we would become aware of all si gnificant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Basis for Qualified Conclusion As stated in note 4(b), the consolidated financial statements included the financial statements of certain non- significant subsidiaries, which were not reviewed by independent auditors. These financial statements reflect the total assets amounting to NT$12,782,753 thousand and NT$11,931,002 thousand, constituting 26.8% and 23.7% of the consolidated total assets; and the total liabilities amounting to NT$8,634,301 thousand and NT$6,963,789 thousand, constituting 28.5% and 22.6% of the consolidated total liabilities as of June 30, 2025 and 2024, respectively; as well as the total comprehensive income (loss) amounting to NT$(427,853) thousand, NT$98,644 thousand, NT$(272,225) thousand and NT$284,895 thousand, constituting 26.0%, 9.8%, 46.6% and 12.9% of the consolidated comprehensive income (loss) for th e three and six months ended June 30, 2025 and 2024, respectively. Furthermore, as stated in note 6(h), the investments accounted for using equity method of the Group in its investee companies of NT$24,609 thousand as of June 30, 2025, and its related share of loss of associates accounted for using equity method of NT$2,797 thousand and NT$7,291 thousand for the three and six months ended June 30, 2025, were recognized solely on the financial statements prepared by these investee companies, but not reviewed by independent auditors. ⏗⋾ⷩ110615 Ὲ侐巖5㮜7噆68㧺(⏗⋾101 ⤎㧺) 曢˙˙婘 Tel + 886 2 8101 6666 ₚ˙˙䜆 Fax + 886 2 8101 6667 䶙˙˙✧ Web kpmg.com/tw KPMG 68F., TAIPEI 101 TOWER, No. 7, Sec. 5, Xinyi Road, Taipei City 110615, Taiwan (R.O.C.) KPMG, a Taiwan partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Page 4

3-1 Qualified Conclusion Except for the adjustments, if any, as might have been determined to be necessary had the financial statements of certain consolidated subsidiaries and equity accounted investee companies described in the Basis for Qualified Conclusion paragraph above been reviewed by independent auditors, based on our reviews and the review report of another auditor (please refer to Other Matter paragraph), nothing has come to our attention that causes 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 June 30, 2025 and 2024, and of its consolidated financial performance for the three and six months ended June 30, 2025 and 2024, as well as its consolidated cash flows for six months ended June 30, 2025 and 2024 in accordance with the Regulations Governing the Preparation of Financial Reports by S ecurities Issuers and I ASs 34, “ Inter im Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Other Matter We did not review the financial statements of Tymphany Worldwide Enterprises Ltd., a subsidiary of the Group. Those financial statements were reviewed by another auditor, whose review report has been furnished to us, and our conclusion, insofar as it relates to the amounts incl uded for Tymphany Worldwide Enterprises Ltd., is based solely on the review report of another auditor. Th e financial statements of Tymphany Worldwide Enterprises Ltd. reflect the total assets amounting to NT$14,053,188 thousand and NT$15,869,525 thousand, constituting 29.5% and 31.5% of the related consolidated total assets as of June 30, 2025 and 2024, respectively; as well as the operating revenue amounting to NT$4,463,541 thousand, NT$5,170,184 thousand, NT$8,724,887 thousand and NT$9,446,285 thousand, constituting 30.6%, 33.6%, 29.7% and 32.6% of the related consolidated operating revenue for the three and six months ended June 30, 2025 and 2024, respectively. The engagement partners on the reviews resulting in this independent auditors’ review report are Horng, Shyh- Gang and Fu, Hung-Wen. KPMG Taipei, Taiwan (Republic of China) August 7, 2025 Notes to Readers The accompanying consolidated financial statemen ts are intended only to present the consolidated financial position, financial performance and cash flows in accordance with the accounting pr inciples and practices generally accepted in the Republic of Chi na and not those of any other jurisdictions. The standards, procedures and practices to review such consolidated financial statements are those generally accepted and applied in the Republic of China. The independent auditors’ review report and the accompanying consolidated financial statements are the English translation of t he Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpre tation of the English and Chinese language independent auditors’ review report and consolidated financial statements, the Chinese version sha ll prevail.

Page 5

4 (English Translation of Consolidated Financial Statements Originally Issued in Chinese) PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Consolidated Balance Sheets June 30, 2025, December 31 and June 30, 2024 (Expressed in Thousands of New Taiwan Dollars) June 30, 2025 December 31, 2024 June 30, 2024 　Assets Amount % Amount % Amount % Current assets: 1100 　Cash and cash equivalents (note 6(a)) $ 12,584,375 27 13,885,985 28 13,307,861 26 1110 　Current financial assets at fair value through profit or loss (note 6(b)) 1,001,008 2 293,655 1 464,030 1 1137 　Current financial assets at amortized cost (note 6(d)) 75,649 - 25,649 - 30,234 - 1170 　Accounts receivable, net (notes 6(e) and (w)) 10,907,249 23 10,742,552 21 12,953,158 26 1180 　Accounts receivable from related parties, net (notes 6(e), (w) and 7) 1,375 - 109,306 - 91,562 - 1200 　Other receivables (notes 6(e), (f) and 7) 584,401 1 980,026 2 1,838,708 4 1310 　Inventories (note 6(g)) 8,492,592 18 9,603,682 19 7,690,883 15 1470 　Other current assets 591,592 1 604,963 1 522,908 1 　　 34,238,241 72 36,245,818 72 36,899,344 73 Non-current assets: 1511 　Non-current financial assets at fair value through profit or loss, designated as upon initial recognition (note 6(b)) 23,114 - 23,373 - 21,190 - 1517 　Non-current financial assets at fair value through other comprehensive income (note 6(c)) 312,058 1 322,196 1 300,067 1 1550 　Investments accounted for using equity method (note 6(h)) 24,609 - 31,900 - - - 1600 　Property, plant and equipment (notes 6(j) and 8) 7,921,356 17 8,086,736 16 7,743,936 15 1755 　Right-of-use assets (note 6(k)) 1,631,736 3 1,785,510 4 1,811,002 4 1760 　Investment property (notes 6(l) and 8) 566,750 1 645,231 1 662,137 1 1780 　Intangible assets (note 6(m)) 2,000,219 4 2,020,234 4 2,018,378 4 1840 　Deferred tax assets 688,904 1 662,009 1 698,711 1 1990 　Other non-current assets (note 8) 293,067 1 305,410 1 283,709 1 　　 13,461,813 28 13,882,599 28 13,539,130 27 Total assets $ 47,700,054 100 50,128,417 100 50,438,474 100 June 30, 2025 December 31, 2024 June 30, 2024 　Liabilities and Equity Amount % Amount % Amount % Current liabilities: 2100 　Short-term borrowings (notes 6(n) and 8) $ 1,570,630 3 1,441,489 3 1,854,132 4 2120 　Current financial liabilities at fair value through profit or loss (note 6(b)) 1,817,959 4 467,904 1 679,651 1 2170 　Notes and accounts payable 11,874,493 25 13,347,474 27 12,257,871 24 2180 　Accounts payable to related parties (note 7) 23,811 - - - - - 2201 　Salaries payable 1,182,215 2 1,857,174 4 1,313,127 3 2219 　Other payables 4,893,668 10 3,676,998 7 5,730,253 11 2220 　Other payables to related parties (note 7) 27,245 - 255,088 - - - 2280 　Current lease liabilities (note 6(p)) 235,537 - 232,639 - 228,496 1 2320 　Long-term borrowings, current portion (notes 6(o) and 8) 281,407 1 258,430 1 132,667 - 2365 　Current refund liabilities 2,213,527 5 2,492,671 5 2,540,013 5 2399 　Other current liabilities (note 6(w)) 1,800,872 4 2,050,400 4 2,393,830 5 　　 25,921,364 54 26,080,267 52 27,130,040 54 Non-Current liabilities: 2540 　Long-term borrowings (notes 6(o) and 8) 1,153,540 2 932,378 2 672,123 1 2580 　Non-current lease liabilities (note 6(p)) 1,333,195 3 1,457,202 3 1,476,141 3 2630 　Long-term deferred revenue (note 6(j)) 633,452 1 606,502 1 532,066 1 2670 　Other non-current liabilities 1,236,382 3 1,217,092 2 1,054,807 2 　　 4,356,569 9 4,213,174 8 3,735,137 7 　　Total liabilities 30,277,933 63 30,293,441 60 30,865,177 61 Equity attributable to owners of parent: 3110 　Ordinary shares (note 6(t)) 4,672,538 10 4,657,448 10 4,629,318 9 3200 　Capital surplus (note 6(t)) 3,629,972 8 3,512,958 7 2,353,575 5 3310 　Legal reserve 2,778,851 6 2,522,701 5 2,522,701 5 3320 　Special reserve 95,367 - 1,016,955 2 1,016,955 2 3350 　Unappropriated retained earnings (note 6(t)) 8,686,289 18 8,510,638 17 7,257,796 14 3400 　Other equity interest (2,440,896) (5) (385,724) (1) (448,108) (1) 　　 17,422,121 37 19,834,976 40 17,332,237 34 36XX Non-controlling interests (notes 6(i) and 7) - - - - 2,241,060 5 　　Total equity 17,422,121 37 19,834,976 40 19,573,297 39 Total liabilities and equity $ 47,700,054 100 50,128,417 100 50,438,474 100 See accompanying notes to consolidated financial statements.

Page 6

5 (English Translation of Consolidated Financial Statements Originally Issued in Chinese) PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Consolidated Statement of Comprehensive Income For the three and six months ended June 30, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Share) For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Amount % Amount % Amount % Amount % 4000 Operating revenue (notes 6(w) and 7) $ 14,591,765 100 15,368,051 100 29,359,896 100 29,016,786 100 5000 Operating costs (notes 6(g), (p), (r), (x), 7 and 12) 12,044,089 83 12,704,679 83 24,273,327 83 24,177,984 83 Gross profit from operation 2,547,676 17 2,663,372 17 5,086,569 17 4,838,802 17 Operating expenses (notes 6(e), (p), (r), (u), (x) and 12): 6100 Selling expenses 476,552 3 437,997 3 969,683 3 825,592 3 6200 Administrative expenses 506,713 3 621,971 4 983,248 3 1,109,457 4 6300 Research and development expenses 864,932 6 812,696 5 1,695,094 6 1,531,194 5 6450 Expected credit loss (g ain on reversal) (5,932) - (2,830) - (6,344) - (8,378) - 　　Total operating expenses 1,842,265 12 1,869,834 12 3,641,681 12 3,457,865 12 Net operating income 705,411 5 793,538 5 1,444,888 5 1,380,937 5 Non-operating income and expenses: 7100 Interest income 139,749 1 165,243 1 251,846 1 287,309 1 7010 Other in come (note 6(y)) 17,621 - 23,554 - 34,366 - 49,231 - 7020 Other gains and losses (notes 6(z) and 12) 89,705 - 45,166 - 245,515 - 96,414 - 7060 Shares of loss of associates accounted for using equity method (note 6(h)) (2,797) - - - (7,291) - - - 7050 Finance costs (note 6(p)) (48,001) - (36,036) - (94,309) - (65,440) - 　　Total non-operating income and expenses 196,277 1 197,927 1 430,127 1 367,514 1 Profit before tax 901,688 6 991,465 6 1,875,015 6 1,748,451 6 7950 Less: Income tax expenses (note 6(s)) 168,232 1 198,651 1 401,794 1 350,172 1 Profit 733,456 5 792,814 5 1,473,221 5 1,398,279 5 8300 Other comprehensive income (loss): 8310 Items that may not be reclassified subsequently to profit or loss: 8316 Unreali zed gains (losses) from investments in equity instruments measured at fair value through other comprehensive income (30,458) - 4,682 - (32,037) - (8,083) - 8349 Income tax rela ted to components of other comprehensive income that will not be reclassified to profit or loss - - - - - - - - Components of other comprehensive income that will not be reclassified to profit or loss (30,458) - 4,682 - (32,037) - (8,083) - 8360 Items that may be reclassified subsequently to profit or loss: 8361 Exchange diffe rences on translation of foreign operation’s financial statements (2,350,610) (16) 204,522 2 (2,025,557) (7) 811,843 3 8399 Income tax rela ted to components of other comprehensive income that will be reclassified to profit or loss - - - - - - - - Components of other comprehensive income that will be reclassified to profit or loss (2,350,610) (16) 204,522 2 (2,025,557) (7) 811,843 3 8300 Other comprehensive income after tax (2,381,068) (16) 209,204 2 (2,057,594) (7) 803,760 3 Comprehensive income $ (1,647,612) (11) 1,002,018 7 (584,373) (2) 2,202,039 8 Profit attributable to: 8610 Owners of parent $ 733,456 5 727,301 5 1,473,221 5 1,308,657 5 8620 Non-controlling interests (note 6(i)) - - 65,513 - - - 89,622 - $ 733,456 5 792,814 5 1,473,221 5 1,398,279 5 Comprehensive income attributable to: 8710 Owners of parent $ (1,647,612) (11) 916,608 6 (584,373) (2) 2,050,224 7 8720 Non-controlli ng interests (note 6(i)) - - 85,410 1 - - 151,815 1 $ (1,647,612) (11) 1,002,018 7 (584,373) (2) 2,202,039 8 Earnings per share (note 6(v)) 9710 Basic earnings per share (NT dollars) $ 1.60 1.60 3.21 2.88 9810 Diluted earnings per share (NT dollars) $ 1.58 1.58 3.18 2.84 See accompanying notes to consolidated financial statements.

Page 7

6 (English Translation of Consolidated Financial Statements Originally Issued in Chinese) PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Consolidated Statement of Changes in Equity For the six months ended June 30, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollars) Equity attributable to owners of parent Other equity interest Retained earnings Exchange differences on Unrealized gains (losses) from financial assets at fair value Total equity Ordinary shares Capital surplus Legal reserve Special reserve Unappropriated retained earnings translation of financial statements through other comprehensive income Unearned employee compensation attributable to owners of parent Non- controlling interests Total equity Balance at January 1, 2024 $ 4,629,738 2,359,753 2,274,414 754,918 8,311,190 (1,001,150) (15,805) (299,549) 17,013,509 2,083,067 19,096,576 　Profit - - - - 1,308,657 - - - 1,308,657 89,622 1,398,279 　Other comprehensive income - - - - - 749,650 (8,083) - 741,567 62,193 803,760 Comprehensive income - - - - 1,308,657 749,650 (8,083) - 2,050,224 151,815 2,202,039 Appropriation and distribution of retained earnings: 　Legal reserve - - 248,287 - (248,287) - - - - - - 　Special reserve - - - 262,037 (262,037) - - - - - - 　Cash dividends of ordinary share - - - - (1,851,727) - - - (1,851,727) - (1,851,727) Changes in shares of investment accounted for using equity method - (6,178) - - - - - - (6,178) 6,178 - Amortization expense of restricted employee stock - - - - - - - 126,409 126,409 - 126,409 Cancellation of restricted stock (420) - - - - - - 420 - - - Balance at June 30, 2024 $ 4,629,318 2,353,575 2,522,701 1,016,955 7,257,796 (251,500) (23,888) (172,720) 17,332,237 2,241,060 19,573,297 Balance at January 1,2025 $ 4,657,448 3,512,958 2,522,701 1,016,955 8,510,638 (85,530) (9,837) (290,357) 19,834,976 - 19,834,976 　Profit - - - - 1,473,221 - - - 1,473,221 - 1,473,221 　Other comprehensive income - - - - - (2,025,557) (32,037) - (2,057,594) - (2,057,594) Comprehensive income - - - - 1,473,221 (2,025,557) (32,037) - (584,373) - (584,373) Appropriation and distribution of retained earnings: 　Legal reserve - - 256,150 - (256,150) - - - - - - 　Special reserve - - - (921,588) 921,588 - - - - - - 　Cash dividends of ordinary share - - - - (1,963,008) - - - (1,963,008) - (1,963,008) Amortization expense of restricted employee stock - - - - - - - 134,526 134,526 - 134,526 Cancellation of restricted stock (1,910) (12,186) - - - - - 14,096 - - - Issuance of restricted stock 17,000 129,200 - - - - - (146,200) - - - Balance at June 30, 2025 $ 4,672,538 3,629,972 2,778,851 95,367 8,686,289 (2,111,087) (41,874) (287,935) 17,422,121 - 17,422,121 See accompanying notes to consolidated financial statements.

Page 8

7 (English Translation of Consolidated Financial Statements Originally Issued in Chinese) PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Consolidated Statement of Cash Flows For the six months ended June 30, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollars) For the six months ended June 30 2025 2024 Cash flows from (used in) operating activities: Profit before tax $ 1,875,015 1,748,451 Adjustments: Adjustments to reconcile profit (loss): Depreciation expense 683,615 805,653 Amortization expense 23,968 38,994 Gain on reversal of expected credit loss (6,344) (8,378) Interest expense 93,937 65,440 Net losses on financial assets and liabilities at fair value through profit or loss 818,926 215,171 Interest income (251,846) (287,309) Compensation cost of share-based payment 134,526 126,409 Shares of loss of associates accounted for using equity method 7,291 - Loss (Gain) on disposal of property, plant and equipment 14,597 (12,391) Gain on disposal of right-of-use assets - (709) Loss on disposal of unamortized expense 1 14 Total adjustments to reconcile profit 1,518,671 942,894 Changes in operating assets and liabilities: Financial assets at fair value through profit or loss 293,903 379,826 Accounts receivable 216,455 (1,777,803) Accounts receivable from related parties 23,805 (20,956) Other receivables 111,688 20,177 Inventories 1,111,090 305,514 Other current assets 13,371 (6,520) Other operating assets 3,909 18,087 Changes in operating assets 1,774,221 (1,081,675) Financial liabilities at fair value through profit or loss (467,904) (992,339) Notes and accounts payable (1,472,981) 122,748 Accounts payable to related parties 23,811 - Salaries payable (674,959) 2,990 Other payables (626,798) 47,674 Other payable to related parties 27,245 - Refund liabilities (279,144) 300,997 Other current liabilities (249,528) 422,954 Other operating liabilities 23,978 (16,740) Changes in operating liabilities (3,696,280) (111,716) Total changes in operating assets and liabilities (1,922,059) (1,193,391) Total adjustments (403,388) (250,497) Cash inflow generated from operations 1,471,627 1,497,954 Interest received 251,846 287,309 Interest paid (93,937) (65,440) Income taxes paid (247,063) (360,011) Net cash flows from operating activities 1,382,473 1,359,812 Cash flows from (used in) investing activities: Acquisition of financial assets at fair value through other comprehensive income (21,899) (17,865) Increase in financial assets measured at amortized cost (50,000) - Acquisition of financial assets designated at fair value through profit or loss (1,964) (8,910) Acquisition of property, plant and equipment (1,145,461) (738,304) Proceeds from disposal of property, plant and equipment 21,627 103,336 Increase in refundable deposits (3,556) (5,679) Acquisition of investment properties (584) (57) Acquisition of unamortized expense (9,184) (2,051) Proceeds from disposal of unamortized expense - 1,685 Net cash flows used in investing activities (1,211,021) (667,845) Cash flows from (used in) financing activities: Increase in short-term borrowings 242,124 1,094,374 Increase in long-term borrowings 367,046 96,635 Repayments of long-term borrowings (116,000) - Increase (decrease) in guarantee deposits received (2,183) 3,735 Decrease in other payables to related parties (255,088) - Payment of lease liabilities (119,795) (121,956) Net cash flows from financing activities 116,104 1,072,788 Effect of exchange rate changes on cash and cash equivalents (1,589,166) 638,423 Net increase (decrease) in cash and cash equivalents (1,301,610) 2,403,178 Cash and cash equivalents at beginning of period 13,885,985 10,904,683 Cash and cash equivalents at end of period $ 12,584,375 13,307,861 See accompanying notes to consolidated financial statements.

Page 9

8 (English Translation of Consolidated Financial Statements Originally Issued in Chinese) PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements June 30, 2025 and 2024 (Expressed in Thousands of New Taiwan Dollars, Unless Otherwise Specified) (1) Company history PRIMAX ELECTRONICS LTD. (the “Company”), formerly known as Hong Chuan Investments Ltd., was incorporated on March 20, 2006, and registered under the Ministry of Economic Affairs, ROC. The Company changed its name to Hong Chuan Electronics Ltd. and Primax Electronics Ltd. in October 2007 and February 2008, respectively. The address of the Company’s registered office is No. 669, Ruey Kuang Road, Neihu, Taipei. The consolidated financial statements of the Company as of and for the six months ended June 30, 2025, comprised the Company and subsidiaries (together referred to as “ the Group” ). The major business activities of the Group were the manufacture and sale of multi-function printers, scanners, digital camera modules, computer mice, keyboards, track pads, mobile phone accessories, consumer electronics products, shredders, amplifiers, speakers, audio systems and related parts, as well as other electronic components. Please refer to note 14 for further information. The Company’ s common shares were registered with the Financial Supervisory Commission, ROC (“FSC”) on June 22, 2012, and listed on the Taiwan Stock Exchange (“TWSE”) on October 5, 2012. (2) Approval date and procedures of the consolidated financial statements: Those consolidated financial statements were authorized for issuance by the board of directors on August 7, 2025. (3) New standards, amendments and interpretations adopted: (a) The impact of the IFRS Accounting Standards endorsed by the Financial Supervisory Commission, R.O.C. which have already been adopted. The Group has initially adopted the following new amendments, which do not have a significant impact on its consolidated financial statements, from January 1, 2025: ● Amendments to IAS21 “Lack of Exchangeability” ● Amendments to IFRS 9 and IFRS 7 “ Amend ments to the Classification and Measurement of Financial Instruments” regarding the application guidance requirements for Section 4.1 of IFRS 9 and the related disclosure requirements of IFRS 7 (Continued)

Page 10

9 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (b) The impact of IFRS Accounting Standards endorsed by the FSC but not yet effective The Group assesses that the adoption of the followi ng new amendments, effective for annual period beginning on January 1, 2026, would not have a significant impact on its consolidated financial statements: ● IFRS 17 “Insurance Contracts” and amendments to IFRS 17 “Insurance Contracts” ● Amendments to IFRS 9 and IFRS 7 “ Amend ments to the Classification and Measurement of Financial Instruments” ● Annual Improvements to IFRS Accounting Standards—Volume 11 ● Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity” (c) The impact of IFRS Accounting Standards issued by IASB but not yet endorsed by the FSC The following new and amended standards, which may be relevant to the Group, have been issued by the International Accounting Standards Board (IASB), but have yet to be endorsed by the FSC: Standards or Interpretations Content of amendment Effective date per IASB IFRS 18 “Presentation and Disclosure in Financial Statements” The new standard introduces three categories of income and expenses, two income statement subtotals and one single note on management performance measures. The three amendments, combined with enhanced guidance on how to disaggregate information, set the stage for better and more consistent information for users, and will affect all the entities. ● A more structured income statement: under current standards, companies use different formats to present their results, making it difficult for investors to compare financial performance across companies. The new standard promotes a more structured income statement, introducing a newly defined ‘ operating profit’ subtotal and a requirement for all income and expenses to be allocated between three new distinct categories based on a company’ s main business activities. January 1, 2027 (Continued)

Page 11

10 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Standards or Interpretations Content of amendment Effective date per IASB IFRS 18 “Presentation and Disclosure in Financial Statements” ● Management performance measures (MPMs): the new standard introduces a definition for management performance measures, and requires companies to explain in a single note to the financial statements why the measure provides useful information, how it is calculated and reconcile it to an amount determined under IFRS Accounting Standards. ● Greater disaggregation of information: the new standard includes enhanced guidance on how companies group information in the financial statements. This includes guidance on whether information is included in the primary financial statements or is further disaggregated in the notes. January 1, 2027 The Group is evaluating the impact on its consolidated financial position and consolidated financial performance upon the initial adoption of the abovementioned standards or interpretations. The results thereof will be disclosed when the Group completes its evaluation. The Group does not expect the following other new and amended standards, which have yet to be endorsed by the FSC, to have a significant impact on its consolidated financial statements: ● Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets Between an Investor and Its Associate or Joint Venture” ● IFRS 19 “Subsidiaries without Public Accountability: Disclosures” (4) Summary of material accounting policies: (a) Statement of compliance These consolidated financial statements have been prepared in accordance with the Regulations Governing the Preparation of Financial Report by Securities Issuers (“ the Regulation” ) and guidelines of IAS 34 “ Interim Financial Reporting” which are endorsed and issued into effect by FSC, and do not include all of the information required by the Regulations and International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations and SIC Interpretations endorsed and issued into effect by the FSC (hereinafter referred to IFRS Accounting Standards endorsed by the FSC) for a complete set of the annual consolidated financial statements. Except the following accounting policies mentioned below, the significant accounting policies adopted in the consolidated financial statements are the same as those in the consolidated financial statement for the year ended December 31, 2024. For the related information, please refer to note 4 of the consolidated financial statements for the year ended December 31, 2024. (Continued)

Page 12

11 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (b) Basis of consolidation (i) List of subsidiaries in the consolidated financial statements The details of the subsidiaries included in the consolidated financial statements are as follows: Percentage of shareholding Name of investor Name of subsidiary Principal activities June 30, 2025 December 31, 2024 June 30, 2024 Description The Company Primax Industries (Cayman Holding) Ltd. (Primax Cayman) Holding company % 100.00 % 100.00 % 100.00 The Company Primax Technology (Cayman Holding) Ltd. (Primax Tech.) Holding company % 100.00 % 100.00 % 100.00 (no te 1) The Company Destiny Technology Holding Co., Ltd. (Destiny BVI.) Holding company % 100.00 % 100.00 % 100.00 (no te 1) The Company Primax Destiny Co., Ltd. (Destiny Japan) Market development of and customer service for computer peripherals, mobile device components, and business devices %100.00 % 100.00 % 100.00 (no te 1) The Company Diamond (Cayman) Holdings Ltd. (Diamond) Holding company % 100.00 % 100.00 % 100.00 The Company Gratus Technology Corp. (Gratus Tech.) Market development of and customer service for computer peripherals, mobile device components, and business devices %100.00 % 100.00 % 100.00 (no te 1) The Company Primax AE (Cayman) Holdings Ltd. (Primax AE) Holding company % 100.00 % 100.00 % 100.00 (no te 1) The Company Primax Electronics (Singapore) Pte. Ltd. (Primax Singapore) Sale of computer peripherals and mobile device components %100.00 % 100.00 % 100.00 (no te 1) The Company Primax Security Technology Inc. (Primax Security) Sale of computer peripherals and mobile device components %100.00 % 100.00 % 100.00 (no te 1) Primax Cayman Primax Industries (Hong Kong) Ltd. (Primax HK) Holding company and customer service %100.00 % 100.00 % 100.00 Primax H K and Primax Tech. Dongguan Primax Electronic & Telecommunication Products Ltd. (PCH2) Manufacturing and sale of computer peripherals, mobile device components, and business devices %100.00 % 100.00 % 100.00 Primax HK Primax Electronics (Kun Shan) Corp., Ltd. (PKS1) Production of computer peripheral products %100.00 % 100.00 % 100.00 (no te 1) Primax HK Primax Electronics (Chongqing) Corp., Ltd. (PCQ1) Production of computer peripheral products %100.00 % 100.00 % 100.00 (no te 1) Primax Tech. Polaris Electronics Inc. (Polaris) Sale and purchase of computer peripherals, mobile device components, and business devices %100.00 % 100.00 % 100.00 (no te 1) Destiny BVI. Destiny Electronic Corp. (Destin y Beijing) R&D of computer peripherals and business devices %100.00 % 100.00 % 100.00 (no te 1) Primax Singapore Primax Electronics (Thailand) Co., Ltd. (Primax Thailand) Manufacturing and sale of computer peripherals, mobile device components, and business devices %100.00 % 100.00 % 100.00 (no te 1) (note 3) Diamond Tymphany Worldwide Enterprises Ltd. (TWEL) Holding company % 100.00 % 100.00 % 100.00 (Continued)

Page 13

12 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Percentage of shareholding Name of investor Name of subsidiary Principal activities June 30, 2025 December 31, 2024 June 30, 2024 Description TWEL Tympha ny Acoustic Technology (Huizhou) Co., Ltd (Tymphany Huizhou) Manufacturing, R&D, design, and sales of various speaker accessories, speakers, and their components %100.00 % 100.00 % 77.01 (note 4) TWEL Tympha ny Acoustic Technolog y (Singapore) Pte. Ltd. (TYM Singapore) R&D, design, and sale of various speaker accessories, speakers, and their components, as well as holding business %100.00 % 100.00 % 100.00 Tymphan y Huizhou Tymphany Acoustic Technology HK Ltd. (TYM Acoustic HK) R&D, design, and sale of various speaker accessories, speakers, and their components, as well as holding business %100.00 % 100.00 % 100.00 Tymphan y Huizhou Dongguan Tymphany Acoustic Technology Co., Ltd. (Tymphany Dongguan) Manufacturing, R&D, design and sale of various speaker accessories, speakers, and their components %100.00 % 100.00 % 100.00 TYM Acoustic HK TYMPHANY ACOUSTIC TECHNOLOGY (UK) LIMITED (TYM UK) R&D and design of various speaker accessories as well as speakers and their components %100.00 % 100.00 % 100.00 TYM Acoustic HK Tymphany Acoustic Technolog y Europe, s.r.o (TYM Acoustic Europe) Manufacturing, installation, and maintenance of various speaker accessories and their components %100.00 % 100.00 % 100.00 (no te 1) TYM Acoustic HK TYP Enterprise, inc. (TYP) Market development of and customer service for speakers and their components %100.00 % 100.00 % 100.00 TYM Acoustic HK Tymphany HK Ltd. (TYM HK) Holding company; sale of, market development of and customer service for various speaker accessories, speakers and their components %100.00 % 100.00 % 100.00 TYM Acoustic HK Tymphany Acoustic Technolog y Limited (TYAT) R&D and design of various speaker accessories as well as speakers and their components %100.00 % 100.00 % 100.00 TYM Acoustic HK Tymphany Acoustic Technolog y (Thailand) Co., Ltd (TYTH) Manufacturing and sale of various speaker accessories, speakers, and their components %100.00 % 100.00 % 100.00 (no te 1) (note 3) TYM HK TYMPHANY LOGISTICS, INC (TYML) Sale of various speaker accessories, speakers, and their components %100.00 % 100.00 % 100.00 Tymphan y Dongguan Dong Guan Dong Cheng Tymphany Acoustic Technology Co ., Ltd. (TYDC) Manufacturing, R&D, design, and sale of various speaker accessories, speakers, and their components %-% -% - (note 2) Note 1: The Company is a non-significant subsidiary, and its financial statement have not been reviewed by independent auditors. Note 2: TYDC was merged into Tymphany Dongguan in June 2024. Note 3: To meet the regulatory requirements, both 3 shares of Primax Thailand and TYTH are owned by natural person. Note 4: 1 share of Tymphany Huizhou is owned by natural person. (Continued)

Page 14

13 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (c) Employee benefits The pension cost in the consolidated financial statements was calculated and disclosed on a year-to- date basis by using the actuarially determined pension cost rate at the end of the prior fiscal year adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other significant one-off events. (d) Income taxes The income tax expenses have been prepared and disclosed in accordance with paragraph B12 of IAS 34 “Interim Financial Reporting”. Income tax expenses for the period are best es timated by multiplying pre-tax income for the interim reporting period by the effective annual tax rate as forecasted by the management. This should be recognized fully as tax expense for the current period. Temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their respective tax bases shall be measured based on the tax rates that have been enacted or substantively enacted at the time of the asset or liability is recovered or settled, and be recognized directly in equity or other comprehensive income as tax expense. (5) Significant accounting assumptions and judgments, and major sources of estimation uncertainty: The preparation of the consolidated financial statements in conformity with the Regulations and IAS 34 “ Interim Financial Reporting” endorsed by the FSC requires management to make judgments, and estimates about the future, including climate-related risks and opportunities, that affect the application of the accounting policies and the reported amount of assets, liabilities, income and expenses. Actual results may differ from these estimates. The preparation of the consolidated financial statements, estimates and underlying assumptions are reviewed on an ongoing basis which are in conformity with the consolidated financial statements for the year ended December 31, 2024. For the related information, please refer to note 5 of the consolidated financial statements for the year ended December 31, 2024. The accounting policies involved significant judgments and the information that have significant effect on the amounts recognized in the consolidated financial statements is as follow: (a) Judgment of whether the Group has substantive control over its investees The Group holds 37% of the voting shares of ALT International Co., Ltd. (AIC), but the chairman of AIC controls 45% of voting shares, and the Group did not obtain any director seats of AIC. Therefore, the Group does not have power of c ontrol over relevant activ ities of A IC, but remains significant influence. The Group holds 40% of the voting shares of Mibtech Plastic & Molds (Thailand) Co., Ltd. (MBTH), with the remaining 60% being held by other shareholders. Therefore, the Group does not have power of control over relevant activities of MBTH, but remains significant influence. (Continued)

Page 15

14 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (6) Explanation of significant accounts: Except for the following disclosures, there is no significant difference as compared with those disclosed in the consolidated financial statements for the year ended December 31, 2024. Please refer to note 6 of the 2024 annual consolidated financial statements. (a) Cash and cash equivalents June 30, 2025 December 31, 2024 June 30, 2024 Cash on hand $ 2,379 2,921 2,511 Demand accounts and checking deposits 5,595,725 10,020,352 7,781,899 Time deposits 6,866,271 3,666,026 4,698,951 Repurchase agreement 120,000 196,686 824,500 $ 12,584,375 13,885,985 13,307,861 (b) Current financial assets and liabilities at fair value through profit or loss (i) Details of financial instruments were as follows: June 30, 2025 December 31, 2024 June 30, 2024 Mandatorily measured at FVTPL: Derivative instruments not used for hedging Forward exchange contracts $ 54,585 293,655 464,030 Foreign exchange swap contracts 946,423 - - Non-derivative financial assets Equities unlisted in foreign markets 23,114 23,373 21,190 $ 1,024,122 317,028 485,220 Current $ 1,001,008 293,655 464,030 Non-current 23,114 23,373 21,190 $ 1,024,122 317,028 485,220 (Continued)

Page 16

15 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements June 30, 2025 December 31, 2024 June 30, 2024 Financial liabilities held-for-trading: Derivative instrument not used for hedging Forward exchange contracts $ (1,817,959) (134,130) (278,647) Foreign exchange swap contracts - (333,774) (401,004) $ (1,817,959) (467,904) (679,651) (ii) The Group held the following derivative inst ruments as mandatorily measured at fair value through profit or loss and held-for-trading financial liabilities, without the application of edge accounting, as of June 30, 2025, December 31 and June 30, 2024: June 30, 2025 Derivative financial instruments Nominal amount (in thousands) Maturity date Predetermined rate Forward exchange contracts － buy CZK/ sell EUR EUR 10,000 July 24, 2025 24.830~24.859 Forward exchange contracts －buy USD / sell TWD USD 592,350 July 14, 2025~ December 29, 2025 28.325~32.810 Forward exchange contracts －buy TWD / sell USD USD 6,000 July 18, 2025~ July 23, 2025 28.750~29.460 Foward exchange contracts －buy CNY/ sell USD USD 390,000 July 2, 2025~ August 4, 2025 7.1438~7.2137 Forward exchange contracts －buy USD/ sell THB USD 31,500 July 9, 2025~ October 22, 2025 32.350~33.280 Forward exchange contracts －buy EUR/ sell HKD EUR 1,000 July 9, 2025 8.9495 Forward exchange contracts －buy HKD/ sell USD USD 12,000 July 2, 2025 7.8199~7.8230 Forward exchange swap contracts －swap in TWD/ swap out USD USD 405,000 July 14, 2025~ December 29, 2025 29.112~32.596 (Continued)

Page 17

16 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements December 31, 2024 Derivative financial instruments Nominal amount (in thousands) Maturity date Predetermined rate Forward exchange contracts －buy CZK/ sell USD USD 8,000 January 9, 2025~ February 19, 2025 23.900~24.100 Forward exchange contracts － buy CZK/ sell EUR EUR 6,000 February 19, 2025 25.130~25.203 Forward exchange contracts －buy USD / sell TWD USD 596,850 January 2, 2025~ July 21, 2025 30.803~32.498 Forward exchange contracts －buy TWD / sell USD USD 23,000 January 2, 2025~ January 17, 2025 32.445~32.682 Foward exchange contracts －buy CNY/ sell USD USD 377,000 January 2, 2025~ July 21, 2025 7.1735~7.2812 Forward exchange contracts －buy USD/ sell THB USD 31,500 January 16, 2025~ February 27, 2025 34.070~34.570 Forward exchange swap contracts －swap in TWD/ swap out USD USD 390,000 January 13, 2025~ June 20, 2025 31.325~32.230 June 30, 2024 Derivative financial instruments Nominal amount (in thousands) Maturity date Predetermined rate Forward exchange contracts －buy HKD / sell USD USD 8,000 July 30, 2024 7.7995 Forward exchange contracts －buy EUR/ sell CZK EUR 1,500 July 30, 2024 24.990 Forward exchange contracts －buy CZK/ sell USD USD 17,000 July 30, 2024 22.880~23.110 Forward exchange contracts － buy CZK/ sell EUR EUR 1,500 July 30, 2024 24.780 Forward exchange contracts －buy USD / sell TWD USD 624,000 July 5, 2024~ December 27, 2024 30.288~32.490 Forward exchange contracts －buy TWD / sell USD USD 81,500 July 11, 2024~ July 31, 2024 32.323~32.440 Foward exchange contracts －buy CNY/ sell USD USD 317,000 July 3, 2024~ July 30, 2024 7.2297~7.2645 Forward exchange contracts －buy USD/ sell THB USD 24,500 July 24, 2024~ August 23, 2024 36.150~36.605 Forward exchange contracts －buy HKD/ sell EUR EUR 2,000 July 30, 2024 8.388 Forward exchange swap contracts －swap in TWD/ swap out USD USD 402,000 July 11, 2024~ November 26, 2024 30.514~32.291 (Continued)

Page 18

17 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (c) Financial assets at FVOCI June 30, 2025 December 31, 2024 June 30, 2024 Equity investments at FVOCI Stocks unlisted in domestic markets $ 250 250 14,258 Stocks listed in domestic markets (note) 19,801 25,042 - Equities unlisted in foreign markets 292,007 296,904 285,809 Total $ 312,058 322,196 300,067 Note: Changing Information Technology Inc. was listed on the OTC market from October 2024. (i) The Group designated the investments shown above as equity sec urities as at FVOCI because these equity securities represent those investments that the Group intends to hold for long term for strategic purposes and not for sale. (ii) There were no disposals of strategic investmen ts and transfers of any cumulative gain or loss within equity relating to these investments as of June 30, 2025 and 2024. (iii) The Group did not provide any of the aforementioned financial assets as collateral. (d) Financial assets at amortized cost June 30, 2025 December 31, 2024 June 30, 2024 Time deposits $ 75,649 25,649 30,234 Annual interest rates 1.5%~1.65% 1.65% 0.54%~1.53% Maturity date 2025.07.10~2025.11.03 2025.07.10 2024.07.10 (i) The Group has assessed that these financial ass ets are held-to-maturity to collect contractual cash flows, which consist solely of payments of principal and interest on principal amount outstanding. Therefore, these investments were classified as financial assets measured at amortized cost. (ii) The Group did not provide any of the aforementioned financial assets as collateral. (e) Accounts receivable (including related parties) June 30, 2025 December 31, 2024 June 30, 2024 Accounts receivable $ 10,946,787 10,793,426 13,015,830 Accounts receivable – related parties 1,375 109,306 91,562 Less: allowance for doubtful accounts (39,538) (50,874) (62,672) Total $ 10,908,624 10,851,858 13,044,720 (Continued)

Page 19

18 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (i) The Group did not provide any of the aforementioned accounts receivable (including related parties) as collateral. (ii) The Group applies the simplified approach to provide for its ECL, the use of lifetime ECL provision for all notes and accounts receivables. To measure the ECL, notes and accounts receivable have been grouped based on shared credit risk characteristics and customer’s ability to pay all the amounts due based on the terms of the contract as well as incorporated forward looking information, including macroeconomic and relevant industry information. The ECL allowance provision analysis was as follows: June 30, 2025 Carrying amounts of accounts receivable (including related parties) Lifetime ECL rate Loss allowance provision of lifetime ECL Current $ 10,517,827 0.04% 3,960 0 to 30 days past due 380,887 1.65% 6,291 31 to 60 days past due 12,499 5.00% 625 61 to 90 days past due 10 10.00% 1 91 to 180 days past due 9,255 25.00% 2,314 181 to 360 days past due 1,837 27.22% 500 More than 361 days past due 25,847 100.00% 25,847 $ 10,948,162 39,538 December 31, 2024 Carrying amounts of accounts receivable (including related parties) Lifetime ECL rate Loss allowance provision of lifetime ECL Current $ 9,380,684 0.03% 3,069 0 to 30 days past due 1,400,255 1.50% 20,998 31 to 60 days past due 88,570 2.77% 2,455 61 to 90 days past due 101 4.95% 5 91 to 180 days past due 3,986 8.00% 319 181 to 360 days past due 5,676 10.00% 568 More than 361 days past due 23,460 100.00% 23,460 $ 10,902,732 50,874 (Continued)

Page 20

19 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements June 30, 2024 Carrying amounts of accounts receivable (including related parties) Lifetime ECL rate Loss allowance provision of lifetime ECL Current $ 12,069,050 0.08% 10,035 0 to 30 days past due 958,085 1.45% 13,852 31 to 60 days past due 36,514 2.25% 821 61 to 90 days past due 4,532 0.09% 4 91 to 180 days past due 1,350 8.00% 108 181 to 360 days past due 19 52.63% 10 More than 361 days past due 37,842 100.00% 37,842 $ 13,107,392 62,672 (iii) The movement in the allo wance for accounts receivable (including related parties) was as follows: For the six months ended June 30 2025 2024 Balance on January 1 $ 50,874 67,416 Impairment losses reversed (6,344) (8,378) Effect of exchange rate changes (4,992) 3,634 Balance on June 30 $ 39,538 62,672 (iv) The Group entered into agreements with banks to sell its accounts receivable without recourse. According to the agreements, within the limit of its credit facilities, the Group does not need to guarantee the capability of its customers to pay for reasons other than commercial disputes when transferring its accounts receivable. The Group receives partial advances upon sales of accounts receivable and pays interest calculated based on the interest rates agreed for the period through the collection of the accounts receivable. The remaining amounts are received upon the collection of the accounts receivable, and are recorded as other receivables. In addition, the Group shall pay handling charges based on a fixed rate. The Group derecognized the above trade receivables because it has transferred substantially all of the risks and rewards of their ownership and it does not have any c ontinuing involvement in them. As of June 30, 2025, December 31 and June 30, 2024, the details of transferred accounts receivable which conformed to the criteria for derecognition were as follows: (Continued)

Page 21

20 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements June 30, 2025 Amount Amount Advanced Amount Recognized in Other Range of Guarantee (Promissory Purchaser Derecognized Unpaid Paid Receivables Interest Rate note) DBS Bank $ 1,436,023 - 1,292,421 143,602 4.82%~4.91% - HSBC Bank 74,891 - 67,402 7,489 4.89%~4.96% - Bank of Taiwan - - - - - NT$ 367,200 Mega International Commercial Bank - - - - - US$ 1,250 $ 1,510,914 - 1,359,823 151,091 December 31, 2024 Amount Amount Advanced Amount Recognized in Other Range of Guarantee (Promissory Purchaser Derecognized Unpaid Paid Receivables Interest Rate note) DBS Bank $ 2,028,391 218,261 1,607,291 421,100 4.86%~5.21% - Bank of Taiwan 156,808 - 141,127 15,681 5.32%~5.33% NT$ 367,200 Mega International Commercial Bank - - - - - US$ 1,250 $ 2,185,199 218,261 1,748,418 436,781 June 30, 2024 Amount Amount Advanced Amount Recognized in Other Range of Guarantee (Promissory Purchaser Derecognized Unpaid Paid Receivables Interest Rate note) DBS Bank $ 1,253,905 1,128,514 - 1,253,905 - - Bank of Taiwan - - - - - NT$ 297,000 Mega International Commercial Bank - - - - - US$ 2,500 $ 1,253,905 1,128,514 - 1,253,905 (v) Please refer to note 9 for guarantee notes provided by the Group to sell its accounts receivable. (f) Other receivables June 30, 2025 December 31, 2024 June 30, 2024 Other receivables - factoring of accounts receivable $ 151,091 436,781 1,253,905 Other receivables - tax refund receivable 345,808 459,079 453,400 Other receivables - others 96,516 101,273 148,483 Other receivable - related parties 6,340 - - Less: allowance for doubtful accounts (15,354) (17,107) (17,080) $ 584,401 980,026 1,838,708 (Continued)

Page 22

21 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements The movement in the allowance for other receivables was as follows: For the six months ended June 30 2025 2024 Balance on January 1 $ 17,107 16,278 Effect of exchange rate changes (1,753) 802 Balance on June 30 $ 15,354 17,080 (g) Inventories June 30, 2025 December 31, 2024 June 30, 2024 Raw materials $ 3,157,876 3,080,743 3,070,688 Semi-finished goods and work in process 2,163,566 2,516,621 1,865,165 Finished goods and merchandise 3,171,150 4,006,318 2,755,030 $ 8,492,592 9,603,682 7,690,883 The Group did not provide any of the aforementioned inventories as collateral. Except for cost of inventories sold, the Group recognized the following items as cost of goods sold: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Gains (losses) on inventory valuation and disposal of inventories $ 7,716 63,984 (38,709) 71,755 Unallocated manufacturing overhead resulting from the actual production being lower than the normal capacity (13,932) (17,269) (27,884) (32,851) Losses on physical inventories (1,131) (365) (1,075) (496) $ (7,347) 46,350 (67,668) 38,408 Reversal of inventory write-downs, resulting from the sales of previously written-down of inventory and the recovery of material prices, as well as the losses from inventory write-downs to net realizable value, were recognized as cost of sales. (h) Investments accounted for using equity method The Group’s investments accounted for using the equity method are individually insignificant. The related information included in the consolidated financial statements was as follows: June 30, 2025 December 31, 2024 June 30, 2024 Carrying amount of individually insignificant associates’ equity $ 24,609 31,900 - (Continued)

Page 23

22 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Attributable to the Group: Losses $ (2,797) - (7,291) - Other comprehensive income - - - - Comprehensive income $ (2,797) - (7,291) - (i) The Group did not provide any investment accounted for using equity method as collateral. (ii) TWEL, the subsidiary of the Group, entered into a joint venture agreement with a non-related party to invest in Mibtech Plastic & Molds (Thailand), based on a resolution decided during its board meeting held in 2024. TWEL invested the amount of $31,900 (USD 1,000 thousand) to obtain a 40% ownership interest. (iii) Investments were accounted for by using the equity method, and the share of profit or loss and other comprehensive income of those inves tments were calculated based on the financial statements that have not been reviewed by independent auditors. (i) Material non-controlling interests of subsidiaries The material non-controlling interests of subsidiaries were as follows: Proportion of Ownership and Voting Rights Held by Non-controlling Interests Name of subsidiaries Main operation place Business/Registered Country June 30, 2025 December 31, 2024 June 30, 2024 Tymphany Huizhou and its subsidiaries Hong Kong and China/Cayman Is. % -% -% 22.99 The following information on the aforementioned subsidiaries have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers. Included in these information are the fair value adjustments made during the acquisition and relevant difference in accounting principles between the Group as at the acquisition date. Intra-group transactions were not eliminated in this information. (i) Tymphany Huizhou and its subsidiaries’s collective financial information: June 30, 2024 Current assets $ 12,465,679 Non-current assets 5,353,914 Current liabilities (7,627,946) Non-current liabilities (443,671) Net assets $ 9,747,976 Non-controlling interests $ 2,241,060 (Continued)

Page 24

23 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements For the three months ended June 30 For the six months ended June 30 2024 2024 Operating revenue $ 5,220,578 9,518,499 Profit $ 284,963 389,829 Other comprehensive income 86,546 270,523 Comprehensive income $ 371,509 660,352 Profit attributable to non-controlling interests $ 65,513 89,622 Comprehensive income attributable to non-controlling interests $ 85,410 151,815 For the six months ended June 30 2024 Cash flows from operating activities $ 518,441 Cash flows from investing activities 44,027 Cash flows used in financing activities (49,316) Effect of exchange rate changes 107,814 Net increase in cash and cash equivalents $ 620,966 Dividends paid to non-controlling interests $- The Group’s subsidiary, TWEL, entered into an agreement with the minority shareholders of Tymphany Huizhou to acquire their equ ity, for a total price of CNY $304,587 thousand, based on a resolution decided during its board meeting held on June 18, 2024. The relevant procedures have completed in December 2024. After the acquisition, TWEL’s sharedholding in Tymphany Huizhou increasesd from 77.01% to 100%. Please refer to 6(i) of the consolidated financial statements for the year ended December 31, 2024. (Continued)

Page 25

24 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (j) Property, plant and equipment The cost, depreciation, and impairment loss of the property, plant and equipment of the Group for the six months ended June 30, 2025 and 2024, were as follows: Land Buildings, leasehold improvement, and additional equipment Machinery and equipment Office and other equipment Construction in progress and testing equipment Total Cost or deemed cost: Balance on January 1, 2025 $ 1,224,979 6,517,084 7,427,973 869,683 1,631,368 17,671,087 Additions 8,593 16,545 112,039 25,646 750,968 913,791 Disposals - (1,789) (190,095) (34,148) (207) (226,239) Reclassifications - 35,894 147,354 5,537 (206,052) (17,267) Effect of changes in exchange rate (21,719) (574,808) (681,069) (77,426) (58,301) (1,413,323) Balance on June 30, 2025 $ 1,211,853 5,992,926 6,816,202 789,292 2,117,776 16,928,049 Balance on January 1, 2024 $ 1,080,192 6,213,055 7,443,940 1,151,325 994,455 16,882,967 Additions 120,127 5,904 81,319 9,880 409,616 626,846 Disposals - (68,338) (597,068) (108,468) - (773,874) Reclassifications - 21,334 135,196 (12,583) (177,074) (33,127) Effect of changes in exchange rate (4,233) 198,567 286,854 40,517 11,748 533,453 Balance on June 30, 2024 $ 1,196,086 6,370,522 7,350,241 1,080,671 1,238,745 17,236,265 Depreciation and impairments loss: Balance on January 1, 2025 $ - 2,855,447 6,070,518 658,386 - 9,584,351 Depreciation - 159,964 329,599 45,699 - 535,262 Disposals - (1,789) (152,448) (32,065) - (186,302) Reclassifications - 436 (8,948) (861) - (9,373) Effect of changes in exchange rate - (271,500) (583,106) (62,639) - (917,245) Balance on June 30, 2025 $- 2,742,558 5,655,615 608,520 - 9,006,693 Balance on January 1, 2024 $ - 2,481,245 5,834,955 825,858 - 9,142,058 Depreciation - 155,363 426,749 72,859 - 654,971 Disposals - (62,083) (518,528) (93,215) - (673,826) Reclassifications - (19) (15,827) (9,161) - (25,007) Effect of changes in exchange rate - 106,513 253,014 34,606 - 394,133 Balance on June 30, 2024 $- 2,681,019 5,980,363 830,947 - 9,492,329 Carrying amounts: Balance on January 1, 2025 $ 1,224,979 3,661,637 1,357,455 211,297 1,631,368 8,086,736 Balance on June 30, 2025 $ 1,211,853 3,250,368 1,160,587 180,772 2,117,776 7,921,356 Balance on January 1, 2024 $ 1,080,192 3,731,810 1,608,985 325,467 994,455 7,740,909 Balance on June 30, 2024 $ 1,196,086 3,689,503 1,369,878 249,724 1,238,745 7,743,936 (i) The unamortized deferred revenue of equipment subsidy amounted to $563,285, $527,320 and $452,004 were classified as long-term deferred revenue, as of June 30, 2025, December 31 and June 30, 2024, respectively. (Continued)

Page 26

25 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (ii) As of June 30, 2025, December 31 and June 30, 2024, the Group has started the construction of Jhubei Factory in 2022, with the total costs of $1,425,063, $1,239,257 and $864,927, respectively. For the three and six months ended June 30, 2025 and 2024, the capitalized borrowing costs of $3,078, $737, $5,576 and $1,408, respectively, related to the construction of the said factory, had been calculated using a capitalization rate between 1.1% to 1.225%. (iii) The Group provided the aforementioned property, plant and equipment as collateral; please refer to note 8. (k) Right-of-use assets The Group leases many assets including land, buildings and vehicles. Information about leases for which the Group as a lessee is presented below: Land Buildings Vehicles Other equipment Total Cost: Balance on January 1, 2025 $ 258,337 2,530,871 67,772 3,207 2,860,187 Additions - 19,998 - - 19,998 Disposals - (6,953) (3,245) - (10,198) Effect of changes in exchange rates (26,472) (35,989) (621) (130) (63,212) Balance on June 30, 2025 $ 231,865 2,507,927 63,906 3,077 2,806,775 Balance on January 1, 2024 $ 245,823 2,549,113 56,507 - 2,851,443 Additions - 45,909 10,220 1,585 57,714 Disposals - (110,866) (4,381) - (115,247) Lease modification - 26,536 - - 26,536 Effect of changes in exchange rates 12,112 22,555 643 36 35,346 Balance on June 30, 2024 $ 257,935 2,533,247 62,989 1,621 2,855,792 Depreciation: Balance on January 1, 2025 $ 32,107 1,006,112 35,726 732 1,074,677 Depreciation 3,085 119,218 7,759 629 130,691 Disposals - (6,953) (3,245) - (10,198) Effect of changes in exchange rates (3,555) (15,796) (678) (102) (20,131) Balance on June 30, 2025 $ 31,637 1,102,581 39,562 1,259 1,175,039 Balance on January 1, 2024 $ 24,571 908,268 27,073 - 959,912 Depreciation 3,067 122,770 7,200 199 133,236 Disposals - (58,631) (3,144) - (61,775) Effect of changes in exchange rates 1,281 11,819 312 5 13,417 Balance on June 30, 2024 $ 28,919 984,226 31,441 204 1,044,790 Carrying amounts: Balance on January 1, 2025 $ 226,230 1,524,759 32,046 2,475 1,785,510 Balance on June 30, 2025 $ 200,228 1,405,346 24,344 1,818 1,631,736 Balance on January 1, 2024 $ 221,252 1,640,845 29,434 - 1,891,531 Balance on June 30, 2024 $ 229,016 1,549,021 31,548 1,417 1,811,002 (Continued)

Page 27

26 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (l) Investment property Land Buildings and other equipment Right-of-use assets － Land Total Carrying amounts: 　Balance on January 1, 2025 $ 16,249 606,849 22,133 645,231 　Balance on June 30, 2025 $ 16,249 530,921 19,580 566,750 　Balance on January 1, 2024 $ 16,249 611,600 21,666 649,515 Balance on June 30, 2024 $ 16,249 623,472 22,416 662,137 (i) There were no significant additions, disposal, or recognition and reversal of impairment losses of investment property for the six months ended June 30, 2025 and 2024. Please refer to 6(l) of the consolidated financial statements for the year ended December 31, 2024 for other related information. (ii) The fair value of the investment property was not significantly different from those disclosed in note 6(l) of the consolidated financial statements for the year ended December 31, 2024. (iii) The Group provided the aforementioned investment property as collateral; please refer to note 8. (m) Intangible assets Goodwill Customer Relationships Technology Trademarks, Patents and Copyrights Total Carrying amounts: 　Balance on January 1, 2025 $ 2,019,526 - - 708 2,020,234 　Balance on June 30, 2025 $ 1,999,884 - - 335 2,000,219 　Balance on January 1, 2024 $ 2,007,891 1,740 1,013 2,945 2,013,589 　Balance on June 30, 2024 $ 2,016,826 - - 1,552 2,018,378 (i) There were no significant additions, disposal, or recognition and reversal of impairment losses of intangible assets for the six months ended June 30, 2025 and 2024. Please refer to note 6(m) of the consolidated financial statements for the year ended December 31, 2024 for other related information. (ii) The Group did not provide any of the aforementioned intangible assets as collateral. (Continued)

Page 28

27 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (n) Short-term borrowings The details of short-term borrowings were as follows: June 30, 2025 December 31, 2024 June 30, 2024 Unsecured bank loans $ 1,280,078 1,441,489 1,367,386 Secured bank loans 290,552 - 486,746 $ 1,570,630 1,441,489 1,854,132 Unused credit lines $ 24,353,047 26,856,603 27,527,295 Annual interest rates 2.50%~4.75% 2.81%~5.34% 3.08%~6.29% For the collateral for short-term borrowings, please refer to note 8. (o) Long-term borrowings June 30, 2025 Currency Annual interest rate Maturity year Amount Secured bank loans TWD 1.23%~1.77% 2026~2028 $ 1,336,134 THB 3.81% 2027 98,813 Less: current portion (281,407) $ 1,153,540 Unused credit lines $ 1,464,561 December 31, 2024 Currency Annual interest rate Maturity year Amount Secured bank loans TWD 1.23%~1.77% 2026~2028 $ 1,085,087 THB 4.20% 2027 105,721 Less: current portion (258,430) $ 932,378 Unused credit lines $ 2,288,622 June 30, 2024 Currency Annual interest rate Maturity year Amount Secured bank loans TWD 1.23%~1.77% 2026~2028 $ 707,979 THB 4.21% 2027 $ 96,811 Less: current portion (132,667) $ 672,123 Unused credit lines $ 1,903,265 (Continued)

Page 29

28 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (i) Please refer to note 8 for further information on assets provided as collateral. (ii) Please refer to note 9 for the details of the outstanding guarantee notes. (p) Lease liabilities The carrying amounts of lease liabilities of the Group were as follow: June 30, 2025 December 31, 2024 June 30, 2024 Current $ 235,537 232,639 228,496 Non-current $ 1,333,195 1,457,202 1,476,141 For the maturity analysis, please refer to note 6(aa). The amounts recognized in profit or loss were as follows: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Interest on lease liabilities $ 12,638 12,714 25,579 25,631 Expenses relating to short-term leases and leases of low-value assets $ 14,687 18,796 26,747 37,160 The amounts recognized in the statement of cash flows for the Group were as follows: For the six months ended June 30 2025 2024 Rental paid in operating activities $ (26,747) (37,160) Interest on lease liabilities paid in operating activities (25,579) (25,631) Payment made on lease liabilities in financing activities (119,795) (121,956) Total cash outflow for leases $ (172,121) (184,747) (i) Real estate leases The Group leases lands and buildings for its office, staff dormitory, factory facilities and warehouses. The leases typically run for a period of one to fifty years. Some leases require additional rental payments depending on the changes in fair value of the lease assets. (ii) Other leases The Group leases vehicles and some of other equipment with lease terms of one to five years. The Group also leases machineries and some of other equipment with lease terms of one to five years. These leases are short-term or leases of low-value items. The Group decided to apply recognition exemptions, and had elected not to recognize its right-of-use assets and lease liabilities for these leases. (Continued)

Page 30

29 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (q) Operating lease There were no significant changes in operating lease for the six months ended June 30, 2025 and 2024. Please refer to note 6(q) of the consolidated financial statements for the year ended December 31, 2024 for other related information. (r) Employee benefits (i) Defined benefit plans There was no material volatility of the market, no material reimbursement and settlement or other material one-time events since prior fiscal y ear. As a result, the pension cost in the accompanying interim period was measured and di sclosed according to the actuarial report as of December 31, 2024 and 2023. (ii) Defined contribution plans The Company contribute the pension cost on the defined contribution plans to the labor pension account at the Bureau of Labor Insurance. Subsidiaries other than the Company set up their defined contribution plans in accordance with the regulations of their respective countries. (iii) The Group recognized its pension costs and recorded them as operating costs and operating expenses. For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Defined benefit plans $ 49 177 98 354 Defined contribution plans 102,626 101,072 208,375 196,052 Total $ 102,675 101,249 208,473 196,406 (s) Income taxes (i) Income tax expense for the period is best estimated by multiplying the profit before tax of the reporting period by the effective annual tax rate as forecasted by the management. (ii) The details of the Group’s income tax expenses were as follows: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Income tax expense $ 168,232 198,651 401,794 350,172 (iii) There were no income tax recognized in equity or other comprehensive income. (Continued)

Page 31

30 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (iv) The Company’s income tax returns have been examined by the tax authority through the years to 2022. (v) Global minimum top-up tax The Group has applied a temporary mandatory relief from deferred tax accounting for the impacts of the top-up tax and accounts for it as a current tax when it is incurred. Some countries where the Group operates ha ve enacted new legislations to implement the global minimum top-up tax, wherein the Group is clo sely monitoring their developments. This impact has been taken into account in determin ing the weighted-average annual income tax rate for the full financial year. The Group did not recognize the current tax expense related to the top- up tax for the six months ended June 30, 2025. (t) Capital and other equity Except for the following disclosure, there was no significant change for capital and other equity for the six months ended June 30, 2025 and 2024. For the related information, please refer to note 6(t) of the consolidated financial statements for the year ended December 31, 2024. (i) Ordinary shares As of June 30, 2025, December 31 and June 30, 2024, the nominal ordinary shares both amounted to $5,500,000. Par value of each share is $10 (dollars), which means in total there were 550,000 thousand authorized common shares, of which 467,254 thousand shares, 465,745 thousand shares and 462,932 thousand shares, respectively, were issued. All issued shares were paid up upon issuance. Reconciliation of shares outstanding were as follows: Ordinary shares (in thousands of shares) For the six months ended June 30 2025 2024 Balance on January 1 465,745 462,974 Issuance of restricted stock 1,700 - Cancellation of restricted stock (191) (42) Balance on June 30 467,254 462,932 (Continued)

Page 32

31 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (ii) Capital surplus The balances of capital surplus were as follows: June 30, 2025 December 31, 2024 June 30, 2024 Additional paid-in capital $ 1,300,721 1,281,568 1,107,461 Employee stock options 259,401 259,401 259,401 Restricted employee stock options 571,612 473,751 432,185 Long-term stock investments 1,498,238 1,498,238 554,528 $ 3,629,972 3,512,958 2,353,575 (iii) Retained earnings According to the articles of the Company, when allocating the earnings for each year, the Company shall first offset its losses in previous year and set aside a legal capital reserve at 10% of the earnings left over, until the accumulated legal capital reserve has equaled the total capital of the Company; then set aside a special capital reserve in accordance with relevant laws, the balance of the earnings shall combined into an aggregate amount of undistributed earnings, which shall become the aggregate dist ributable earnings to be distributed by the directors’ distribution proposals according to the resolution adopted at the shareholders’ meeting. The Company is at the growth stage and cons iders its future cash demand, long-term financial plans, benefits to shareholders, and balanced dividends. Earnings distribution is made by stock dividend and cash dividend. The cash dividend shall not be less than 10 percent of the total dividends and could be adjusted depending on the Company’s operating condition. On May 23, 2025 and May 24, 2024, the shareholders’ meeting resolved to distribute the 2024 and 2023 earnings, respectively. The distributions for 2024 and 2023 were NT 4.2(dollars) and NT 4(dollars) per share, which amounted to $1,963,008 and $1,851,727, respectively. (u) Share-based payment Except for the following disclosure, there were no significant changes on share-based payment for the six months ended June 30, 2025 and 2024. Pleas e refer to note 6(u) of the consolidated financial statements for the year ended December 31, 2024 for further information. After the shareholders’ meeting on May 24, 2024, th e Company decided to issue 4,350 thousand shares of restricted stock to those full-time emp loyees who meet the Company’s requirements. The restricted stock has been registered with and approved by the Securities and Futures Bureau of the FSC. The Board of Directors’ meeting resolved to issue 1,700 thousand shares on February 2025. (Continued)

Page 33

32 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Expenses attributable to share-based payment were as follows: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Restricted stock $ 68,157 61,023 134,526 126,409 (v) Earnings per share The calculation of basic earnings and diluted earnings per share was as follows: (i) Basic earnings per share For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Profit attributable to owners of parent $ 733,456 727,301 1,473,221 1,308,657 Weighted-average number of ordinary shares (thousand shares) 458,515 454,577 458,448 454,470 Basic earnings per share (NT dollars) $ 1.60 1.60 3.21 2.88 (ii) Diluted earnings per share For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Profit attributable to owners of parent $ 733,456 727,301 1,473,221 1,308,657 Weighted-average number of ordinary shares (diluted) (thousand shares) 462,985 460,803 463,608 460,866 Diluted earnings per share (NT dollars) $ 1.58 1.58 3.18 2.84 Weighted-average number of ordinary shares (diluted) (thousand shares) For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Weighted-average number of ordinary shares on June 30 (basic) 458,515 454,577 458,448 454,470 Estimated effect of employee stock bonuses 738 505 1,075 916 Effect of restricted stock 3,732 5,721 4,085 5,480 Weighted-average number of ordinary shares on June 30 (diluted) 462,985 460,803 463,608 460,866 (Continued)

Page 34

33 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (w) Revenue from contracts with customers (i) Disaggregation of revenue For the three months ended June 30, 2025 Computer Peripherals Non-computer Peripherals Total Goods sold $ 5,684,889 8,525,860 14,210,749 Service rendered 100,563 280,453 381,016 $ 5,785,452 8,806,313 14,591,765 For the three months ended June 30, 2024 Computer Peripherals Non-computer Peripherals Total Goods sold $ 5,994,048 8,925,152 14,919,200 Service rendered 111,035 337,816 448,851 $ 6,105,083 9,262,968 15,368,051 For the six months ended June 30, 2025 Computer Peripherals Non-computer Peripherals Total Goods sold $ 11,798,265 16,869,943 28,668,208 Service rendered 119,084 572,604 691,688 $ 11,917,349 17,442,547 29,359,896 For the six months ended June 30, 2024 Computer Peripherals Non-computer Peripherals Total Goods sold $ 11,753,660 16,489,612 28,243,272 Service rendered 173,442 600,072 773,514 $ 11,927,102 17,089,684 29,016,786 For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Mainland China $ 5,576,836 6,590,636 11,668,869 12,573,987 Europe 4,792,174 5,224,655 9,673,736 9,383,903 America 2,661,305 2,753,350 5,419,524 5,484,379 Other 1,561,450 799,410 2,597,767 1,574,517 $ 14,591,765 15,368,051 29,359,896 29,016,786 (Continued)

Page 35

34 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (ii) Contract balances June 30, 2025 December 31, 2024 June 30, 2024 Accounts receivable (including related parties) $ 10,948,162 10,902,732 13,107,392 Less: allowance for impairment (39,538) (50,874) (62,672) $ 10,908,624 10,851,858 13,044,720 Contract liabilities (classified as other current liabilities) $ 529,340 620,796 617,555 For details on accounts receivable (including related parties) and allowance for impairment, please refer to note 6(e). The amount of revenue recognized for the six months ended June 30, 2025 and 2024 that were included in the contract liability balance at the beginning of the period were $303,608 and $262,786, respectively. The contract liabilities primarily relate to the advance consideration received from contracts with goods sold, for which revenue is recognized when products are delivered to customers. (x) Employee’s and directors’ remuneration On May 23, 2025, the Company resolved at the shareholders’ meeting to amend its Articles of Incorporation. According to the amended Articles, if the Company has profit in a given fiscal year, the profit shall be used to offset against any accumulated losses incurred by the Company. The remainder, if any, a maximum of 2% shall be allocated as remunerations for directors, and 2% to 10% (in shares or in cash) as employee remuneration (including a minimum of 8% to those base- level employees). The recipients of the aforementioned employee remuneration may include employees of the subsidiaries who meet certain specif ic requirements. Prior to the amendment, the Articles of Incorporation stipulated that, if the Company has profit in a given fiscal year, the profit shall be used to offset against any accumulated losses incurred by the Company. The remainder, if any, a maximum of 2% shall be allocated as remunerations for directors , and 2% to 10% (in shares or in cash) as employee remuneration, including those employees of the subsidiaries who meet certain specific requirements. Details of remuneration to employees and directors were as follows: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Employee remuneration $ 26,001 26,754 53,767 47,511 Directors’ remuneration 13,000 13,377 26,883 23,755 $ 39,001 40,131 80,650 71,266 (Continued)

Page 36

35 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements The estimated amounts mentioned above are calculated based on the net profit before tax, excluding the remuneration to employees and directors of each period, multiplied by the percentage of remuneration to employees and directors as specified in the Company’ s articles. These remunerations were expensed under operating costs or operating expenses during each period. The differences between the amounts distributed and those accrued in the financial statements, if any, are accounted for as changes in accounting estimate and recognized as profit or loss in the distribution year. The differences between the amounts approved in the directors’ meeting and those recognized in the financial statements for the distributions of earnings for 2024 and 2023 were as follows: 2024 Actual earnings distributed Accrued in the financial statement Difference Employee remuneration–Cash $ 89,503 89,503 - Director’s remuneration 44,752 44,752 - 2023 Actual earnings distributed Accrued in the financial statement Difference Employee remuneration–Cash $ 89,330 89,330 - Director’s remuneration 44,665 44,665 - Information on the remuneration to employees and directors, approved in the Board of Directors’ meetings, can be accessed in the Market Observation Post System website. (y) Other income The details of other income were as follows: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Government grants $ 2,454 8,044 3,594 18,576 Rent income 14,987 15,386 30,422 30,262 Other 180 124 350 393 $ 17,621 23,554 34,366 49,231 (Continued)

Page 37

36 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (z) Other gains and losses The details of other gains and losses were as follows: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Net income (losses) on financial assets/liabilities measured at FVTPL $ (635,698) 79,286 (818,926) (215,171) Foreign currency exchange gains (losses), net 734,884 (15,701) 1,065,799 358,121 Net gains (losses) on disposal of property, plant and equipment (19,431) (12,208) (14,597) 12,391 Net gains on disposal of right-of-use assets - 688 - 709 Other 9,950 (6,899) 13,239 (59,636) $ 89,705 45,166 245,515 96,414 (aa) Financial instruments Except for the following paragraph, there were no significant changes in the fair value of the Group’s financial instruments and the degree of exposure to credit risk, liquidity risk and market risk arising from financial instruments. Please refer to note 6(aa) of the consolidated financial statements for the year ended December 31, 2024 for further information. (i) Liquidity risk The following table shows the contractual maturities of financial liabilities, including estimated interest payments: Carrying amount Contractual cash flows Within 1 year 1~2 years 2~5 years Over 5 years June 30, 2025 Non-derivative financial liabilities: 　Short-term borrowings $ 1,570,630 1,576,629 1,576,629 - - - 　Notes and accounts payable (including related parties) 11,898,304 11,898,304 11,898,304 - - - 　Other payables (including related parties) 4,033,147 4,033,147 4,033,147 - - - 　Salaries payable 1,182,215 1,182,215 1,182,215 - - - 　Lease liabilities 1,568,732 1,754,711 279,308 247,090 542,554 685,759 　Refund liabilities 2,213,527 2,213,527 2,213,527 - - - 　Long-term borrowings 1,434,947 1,469,004 300,314 620,534 548,156 - 　Guarantee deposits 36,422 36,422 - - - 36,422 Derivative financial liabilities: 1,817,959 - - - - - 　　Outflow - 3,300,997 3,300,997 - - - 　　Inflow - (1,483,038) (1,483,038) - - - $ 25,755,883 25,981,918 23,301,403 867,624 1,090,710 722,181 (Continued)

Page 38

37 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Carrying amount Contractual cash flows Within 1 year 1~2 years 2~5 years Over 5 years December 31, 2024 Non-derivative financial liabilities: 　Short-term borrowings $ 1,441,489 1,444,191 1,444,191 - - - 　Notes and accounts payable 13,347,474 13,347,474 13,347,474 - - - 　Other payables (including related parties) 3,132,446 3,132,446 3,132,446 - - - 　Salaries payable 1,857,174 1,857,174 1,857,174 - - - 　Lease liabilities 1,689,841 1,904,031 281,000 262,724 594,267 766,040 　Refund liabilities 2,492,671 2,492,671 2,492,671 - - - 　Long-term borrowings 1,190,808 1,225,353 276,048 412,598 536,707 - 　Guarantee deposits 38,605 38,605 - - - 38,605 Derivative financial liabilities: 467,904 - - - - - 　　Outflow - 14,728,441 14,728,441 - - - 　　Inflow - (14,260,537) (14,260,537) - - - $ 25,658,412 25,909,849 23,298,908 675,322 1,130,974 804,645 June 30, 2024 Non-derivative financial liabilities: 　Short-term borrowings $ 1,854,132 1,871,626 1,871,626 - - - 　Notes and accounts payable 12,257,871 12,257,871 12,257,871 - - - 　Other payables 4,762,393 4,762,393 4,762,393 - - - 　Salaries payable 1,313,127 1,313,127 1,313,127 - - - 　Lease liabilities 1,704,637 1,918,203 274,175 248,226 599,120 796,682 　Refund liabilities 2,540,013 2,540,013 2,540,013 - - - 　Long-term borrowings 804,790 833,800 147,121 290,223 396,456 - 　Guarantee deposits 37,240 37,240 - - - 37,240 Derivative financial liabilities: 679,651 - - - - - 　　Outflow - 14,683,968 14,683,968 - - - 　　Inflow - (14,004,317) (14,004,317) - - - $ 25,953,854 26,213,924 23,845,977 538,449 995,576 833,922 The Group does not expect that the cash flows included in the maturity analysis could occur significantly earlier or at significantly different amounts. (Continued)

Page 39

38 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (ii) Currency risk 1) Exposure to foreign currency risk The Group’s significant exposure to foreign currency risk was as follows: June 30, 2025 December 31, 2024 June 30, 2024 Foreign currency Exchange rate TWD Foreign currency Exchange rate TWD Foreign currency Exchange rate TWD Financial assets 　Monetary items 　USD:CNY $ 593,955 7.1586 17,402,889 596,855 7.1884 19,565,506 569,056 7.1268 18,465,876 　USD:HKD 230,850 7.8498 6,763,909 288,110 7.7625 9,444,524 253,419 7.8087 8,223,461 　USD:TWD 340,595 29.3000 9,979,438 416,525 32.7810 13,654,121 391,920 32.4500 12,717,790 　EUR:CZK 14,974 24.7938 514,941 10,939 25.3083 375,405 5,540 25.0445 193,274 　USD:CZK 6,978 21.1220 204,455 12,992 24.1680 425,891 23,581 23.2990 765,203 　USD:THB 67,835 32.6180 1,987,564 43,186 34.1070 1,415,668 39,999 36.8700 1,297,978 　EUR:HKD 11,655 9.2131 400,804 8,033 8.1265 275,676 6,152 8.3952 214,625 　CZK:HKD 102,799 0.3716 142,582 72,774 0.3211 98,681 88,679 0.3352 123,530 Financial liabilities 　Monetary items 　USD:CNY $ 203,397 7.1586 5,959,536 220,977 7.1884 7,243,857 234,473 7.1268 7,608,640 　USD:HKD 203,061 7.8498 5,949,687 261,439 7.7625 8,570,232 228,304 7.8087 7,408,452 　USD:TWD 516,135 29.3000 15,122,752 516,467 32.7810 16,930,317 439,546 32.4500 14,263,273 　EUR:CZK 5,373 24.7938 184,772 5,508 25.3083 189,024 5,570 25.0445 194,321 　USD:THB 88,605 32.6180 2,596,127 66,750 34.1070 2,188,122 59,320 36.8700 1,924,924 　EUR:HKD 12,963 9.2131 445,785 8,335 8.1265 286,041 4,433 8.3952 154,654 　USD:CZK 2,749 21.1220 80,546 836 24.1680 27,404 2,434 23.2990 78,983 2) Sensitivity analysis The Group’s exposure to foreign currency risk arises from the translation of the foreign currency exchange gains and losses on cash and cash equivalents, accounts receivable, other receivables, loans and borrowings, notes and accounts payable, and other payables that are denominated in foreign currency. A weakening (strengthening) of 5% of the TWD, CNY, HKD, CZK and THB against the USD; the HKD against CZK; as well as HKD and CZK against the EUR, as of June 30, 2025 and 2024, would have increased or decreased the net profit before tax by $352,869 and $518,425, respectively. The analysis is performed on the same basis for both periods. Since the Group has many kinds of functional currency, the information on foreign exchange gain (loss) on monetary items is disclosed by total amount. For the three and six months ended June 30, 2025 and 2024, for eign exchange gain (loss) (including realized and unrealized portions) amounted to $734,884, $(15,701), $1,065,799 and $358,121, respectively. (Continued)

Page 40

39 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (iii) Interest rate analysis Please refer to the note on liquidity risk management and interest rate exposure of the Group’s financial assets and liabilities. The following sensitivity analysis is based on the exposure to the interest rate risk of non- derivative financial instruments on the repor ting date. Regarding assets and liabilities with variable interest rates, the analysis is based on the assumption that the amounts of liabilities outstanding at the reporting date was outstanding throughout the year. The rate of change is expressed as the interest rate increases or decreases by 0.25% when reporting to management internally, which also represents the G roup management’ s assessment of the reasonably possible interest rate change. If the interest rate had increased or decreased by 0.25%, and assumed all other variables remain constant, the profit before tax would have increased or decreased by $3,285 and $6,422 for the six months ended June 30, 2025 and 2024 , respectively. This is mainly due to borrowings and demand deposits with variable interest rates. (iv) Other price risk If the market price of the equity securities had changed on the reporting date, the influence on other comprehensive income is as follows (The analysis is performed on the same basis for both periods, and assumes all other variable remain constant): For the six months ended June 30 For the six months ended June 30 2025 2024 Price of securities at the reporting date Other comprehensive income before tax Other comprehensive income before tax Increasing 10% $ 31,206 30,007 Decreasing 10% $ (31,206) (30,007) (Continued)

Page 41

40 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (v) Fair value 1) Kinds of financial instruments and fair value The carrying amount and fair value of the Group’ s financial assets and liabilities, including the information on fair value hierarchy were as follows; however, for financial instruments not measured at fair value whose carrying amount is reasonably close to the fair value, and lease liabilities, disclosure of fair value information is not required: June 30, 2025 Fair Value Carrying amounts Level 1 Level 2 Level 3 Total Financial assets at FVTPL $ 1,024,122 - - 1,024,122 1,024,122 Financial assets at FVOCI – non-current $ 312,058 19,801 - 292,257 312,058 Financial assets measured at amortized cost: Cash and cash equivalents $ 12,584,375 Financial assets at amortized cost －current 75,649 Accounts receivable (including related parties) 10,908,624 Other receivables 584,401 Refundable deposits 131,957 　　Total $ 24,285,006 Financial liabilities at FVTPL – current $ 1,817,959 - - 1,817,959 1,817,959 Financial liabilities measured at amortized cost: Borrowings $ 3,005,577 Notes and accounts payable (including related parties) 11,898,304 Other payables (including related parties) 4,033,147 Salaries payable 1,182,215 Lease liabilities 1,568,732 Refund liabilities 2,213,527 Guarantee deposits 36,422 　　Total $ 23,937,924 (Continued)

Page 42

41 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements December 31, 2024 Fair Value Carrying amounts Level 1 Level 2 Level 3 Total Financial assets at FVTPL $ 317,028 -- 317,028 317,028 Financial assets at FVOCI – non-current $ 322,196 25,042 - 297,154 322,196 Financial assets measured at amortized cost: Cash and cash equivalents $ 13,885,985 Financial assets at amortized cost －current 25,649 Accounts receivable (including related parties) 10,851,858 Other receivables 980,026 Refundable deposits 128,401 　　Total $ 25,871,919 Financial liabilities at FVTPL – current $ 467,904 -- 467,904 467,904 Financial liabilities measured at amortized cost: Borrowings $ 2,632,297 Notes and accounts payable 13,347,474 Other payables (including related parties) 3,132,446 Salaries payable 1,857,174 Lease liabilities 1,689,841 Refund liabilities 2,492,671 Guarantee deposits 38,605 　Total $ 25,190,508 (Continued)

Page 43

42 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements June 30, 2024 Fair Value Carrying amounts Level 1 Level 2 Level 3 Total Financial assets at FVTPL $ 485,220 -- 485,220 485,220 Financial assets at FVOCI – non-current $ 300,067 - - 300,067 300,067 Financial assets measured at amortized cost: Cash and cash equivalents $ 13,307,861 Financial assets at amortized cost －current 30,234 Accounts receivable (including related parties) 13,044,720 Other receivables 1,838,708 Refundable deposits 128,084 　　Total $ 28,349,607 Financial liabilities at FVTPL – current $ 679,651 - - 679,651 679,651 Financial liabilities measured at amortized cost : Borrowings $ 2,658,922 Notes and accounts payable 12,257,871 Other payables 4,762,393 Salaries payable 1,313,127 Lease liabilities 1,704,637 Refund liabilities 2,540,013 Guarantee deposits 37,240 　　Total $ 25,274,203 2) Fair value valuation techniques for financial instruments measured at fair value If a financial instrument has a quoted price in an active market, the quoted price is used as fair value. The quoted price of a financial instrument obtained from major exchanges and over-the counter markets are the basis us ed to determine the fair value of a listed company’s stock and the quoted prices in an active market. A financial instrument is regarded as being quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency and those prices represent actual and regularly occurring market transactions on an arm’s-lengt h basis. If these conditions can not be reached, then the market is non-active. In ge neral, a market with low trading volume or high bid-ask spreads is an indication of a non-active market. (Continued)

Page 44

43 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements The Group uses the following methods in determining the fair value of its financial instruments with a quoted price in an active market: a) The fair value of financial assets trading in active markets are based on quoted market prices. Those include investments in stocks of listed entities. The Group uses the following methods in determining the fair value of its financial instruments without a quoted price in an active market: a) The fair value of derivative instruments is based on quoted prices. When quoted prices are unavailable, the fair value is es timated on the basis of the contract’s spot exchange rate and swap point. b) Financial assets at FVTPL －non-derivative financial assets and Financial assets at FVOCI without an active market are investments in domestic or foreign non-listed stock. The estimated fair value is based on the market approach of comparable business and adjusted for the lack of liquidity. When prices are unavailable, the fair value is estimated on the basis of unadjusted prior trade prices. 3) In the six months ended June 30, 2025 and 2024, there were no transfers between Levels. 4) Reconciliation of Level 3 fair values For the six months ended June 30, 2025 For the six months ended June 30, 2024 FVTPL FVOCI Total FVTPL FVOCI Total Balance on January 1 $ (150,876) 297,154 146,278 (600,683) 290,285 (310,398) Recognized in profit or loss (818,926) - (818,926) (215,171) - (215,171) Recognized in other comprehensive income - (26,796) (26,796) - (8,083) (8,083) Acquisition /disposal 175,965 21,899 197,864 621,423 17,865 639,288 Balance on June 30 $ (793,837) 292,257 (501,580) (194,431) 300,067 105,636 5) Quantified information on significant unobservable inputs (Level 3) used in fair value measurement The fair value measurements of the Group which are categorized within level 3 are classified as financial assets and liabilities at FVTPL – non-derivative financial assets and derivative instruments not used for hedging and financial a ssets at FVOC I – equity investment without an active market. The quantitative information about significant unobservable inputs was as follows: Item Valuation technique Significant unobservable inputs Inter-relationships between significant unobservable inputs and fair value Financial assets at FVOCI – equity investment without an active market (note 1) (note 1) (note 1) Financial assets and liabilities at FVTPL – non- derivative financial assets (note 1) (note 1) (note 1) (Continued)

Page 45

44 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Item Valuation technique Significant unobservable inputs Inter-relationships between significant unobservable inputs and fair value Financial assets and liabilities at FVTPL– derivative instruments not used for hedging (note 2) (note 2) (note 2) note 1: The fair value is based on comparable companies method or net asset value method. Comparable companies method: It has considered the recent financing activities, comparable business, market and other economic conditions etc., to determine the assumptions. The significant unobservable inputs are marketability discount, but any changes of marketability discount would not result in significant potential financial impact, therefore there is no need to show the quantified information on it. Net asset value method: The fair value has considered only the net asset value of the investee company, therefore there is no need to show the sensitivity analysis of significant unobservable inputs. note 2: The fair value is based on the quotation of a third party, therefore there is no need to show the sensitivity analysis of unobservable inputs. (ab) Financial risk management The Group’s objectives and policies on financial risk management are consistent with note 6(ab) of the consolidated financial statement ended December 31, 2024. (ac) Capital management Management believes that the objectives, policies and processes of capital management of the Group has been applied consistently with those described in the consolidated financial statements for the year ended December 31, 2024. Also, management believes that there were no significant changes in the Group’ s capital management information as disclosed for the year ended December 31, 2024. Please refer to note 6(ac) of the consolidated financial statements for the year ended December 31, 2024 for further details. (Continued)

Page 46

45 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (ad) Changes of liabilities from financing activities Reconciliation of liabilities arising from financing activities was as follows: January 1, 2025 Cash flows Effect of changes in exchange rate Changes in lease payments June 30, 2025 Short-term borrowings $ 1,441,489 242,124 (112,983) - 1,570,630 Long-term borrowings 1,190,808 251,046 (6,907) - 1,434,947 Lease liabilities 1,689,841 (119,795) (21,312) 19,998 1,568,732 Guarantee deposits 38,605 (2,183) - - 36,422 Other payables to related parties 255,088 (255,088) - - - Total liabilities from financing activities $ 4,615,831 116,104 (141,202) 19,998 4,610,731 January 1, 2024 Cash flows Effect of changes in exchange rate Changes in lease payments June 30, 2024 Short-term borrowings $ 756,252 1,094,374 3,506 - 1,854,132 Long-term borrowings 707,979 96,635 176 - 804,790 Lease liabilities 1,784,590 (121,956) 11,934 30,069 1,704,637 Guarantee deposits 33,505 3,735 - - 37,240 Total liabilities from financing activities $ 3,282,326 1,072,788 15,616 30,069 4,400,799 (ae) Supplementary information of cash flow For the six months ended June 30 2025 2024 Acquisition of property, plant and equipment $ 913,791 626,846 Decrease in payables on equipment 231,670 111,458 Decrease in cash $ 1,145,461 738,304 For the six months ended June 30 2025 2024 Disposal of property, plant and equipment $ 39,937 100,048 Gain (Loss) on disposal of property, plant and equipment (14,597) 12,391 Decrease in other receivables - 8,160 Decrease in equipment subsidy (3,713) (2,279) Decrease in advance payment - (14,984) Increase in cash $ 21,627 103,336 (Continued)

Page 47

46 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (7) Related-party transactions: (a) Names and relationship of the related parties The followings are entities that have had transacti ons with related party during the periods covered in the consolidated financial statements. Name Relationship Specialty Technologies, LLC (Specialty) Other related party (Note) Tom Zilvervloot B.V. (Tom Zilvervloot) Other related party (Note) Tuskany Investment Corporation (Tuskany) Other related party HuiZhou Bo-Chuang Investment Partnership Company (Limited Partnership) (Huizhou Bo- Chuang) Other related party Mibtech Plastic & Molds (Thailand) Company (MBTH) An associate Note:In January 2025, the key management personnel of Specialty and Tom Zilvervloot resigned as the director of the Group’ s subsidiary. Therefore, it is longer considered as a related party thereafter. The information below was disclosed up to the date of resignation. (b) Significant transactions with related parties (i) Sales The amounts of significant sales by the Group to related parties and the outstanding balances were as follows: Sales Accounts receivable from related parties For the three months ended June 30 For the six months ended June 30 June 30, December June 30, 2025 2024 2025 2024 2025 31, 2024 2024 Other related parties $ - 140,158 - 247,251 - 84,126 91,562 Associates 1,348 - 6,310 - 1,375 25,180 - $ 1,348 140,158 6,310 247,251 1,375 109,306 91,562 There were no significant differences in the selling prices between the related parties and other customers. The trading terms offered to related parties were 60 days, and the trading terms to other customers were 45 days to 120 days. (Continued)

Page 48

47 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (ii) Purchase The amounts of purchase by the Group from related parties and the outstanding balances were as follows: Purchase Accounts payable to related parties For the three months ended June 30 For the six months ended June 30 June 30, December June 30, 2025 2024 2025 2024 2025 31, 2024 2024 Associates $ 42,112 - 42,112 - 23,811 - - There were no significant differences in the purchasing price between the related parties and other vendors. The payment terms offered to a ssociates were 60 days, and the payment terms to other vendors were 30 days to 120 days. (iii) Receivables and payables on behalf of associates Other receivables arising from fees paid on behalf of associates by the Group amounted to $6,340 as of June 30, 2025. There was no such transaction as of June 30, 2024. Other payables arising from fees collected by the Group on behalf of associates amounted to $27,245 as of June 30, 2025. There was no such transaction as of June 30, 2024. (iv) Acquisition of equity TWEL, which is held by the Company through its subsidiary, Diamond, resolved to acquire Tymphany Huizhou’ s equity held by minority shareholders, based on a resolution passed during its board meeting held in 2024. The transaction price was determined through negotiation between both parties, and a certified public accountant has been engaged to render an opinion regarding the appropriateness of the transaction price. Please refer to note 6(i) of the consolidated financial statements for the year ended December 31, 2024. The outstanding balances were as follows: June 30, 2025 December 31, 2024 June 30, 2024 Counter party: Other payables to related parties Other payables to related parties Other payables to related parties Tom Zilvervloot $ - 178,909 - Tuskany - 55,009 - Huizhou Bo-Chuang - 21,170 - $- 255,088 - (Continued)

Page 49

48 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (c) Key management personnel compensation Key management personnel compensation comprised: For the three months ended June 30 For the six months ended June 30 2025 2024 2025 2024 Short-term employee benefits $ 83,232 79,534 152,002 167,516 Post-employment benefits 522 468 1,070 935 Share-based payments 35,902 26,378 63,876 53,779 $ 119,656 106,380 216,948 222,230 Please refer to note 6(u) for information related to share-based payments. (8) Pledged assets: The carrying amounts of pledged assets were as follows: Pledged assets Pledged to secure June 30, 2025 December 31, 2024 June 30, 2024 Other non-current assets – restricted assets Guarantee letters issued by bank $ 3,414 3,414 3,414 Property, plant and equipment Loan collateral $ 1,767,156 1,902,889 1,493,804 Investment property Loan collateral $ 524,467 597,921 614,354 (9) Commitments and contingencies: (a) For the detail of the Group’s guarantee, please refer to note 13. (b) The following are guarantee letters issued by the bank to customs, business partner and Power Supply Bureau as guarantee deposits and power supply guarantee, respectively. June 30, 2025 December 31, 2024 June 30, 2024 Guarantee letters $ 29,349 40,736 92,531 (c) Guarantee notes provided as part of agreements with banks to sell accounts receivable and to acquire long-term borrowings were as follows: June 30, 2025 December 31, 2024 June 30, 2024 Sales of accounts receivable $ 403,825 408,176 378,125 Long-term borrowings $ 1,800,400 1,800,400 1,800,400 (Continued)

Page 50

49 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (d) The aggregate unpaid amounts of contracts pertaining to the purchase of equipment were as follows: June 30, 2025 December 31, 2024 June 30, 2024 Property, plant and equipment $ 917,563 1,338,721 1,180,018 (10) Losses Due to Major Disasters: None (11) Subsequent Events: None (12) Other : (a) A summary of employee benefit, depreciati on, and amortization expenses by function, was as follows: By function For the three months ended June 30, 2025 For the three months ended June 30, 2024 By item Operating cost Operating expenses Total Operating cost Operating expenses Total Employee benefits 　Salaries 880,115 1,101,617 1,981,732 905,788 1,225,796 2,131,584 　Labor and health insurance 41,242 60,276 101,518 38,151 52,610 90,761 　Pension 52,402 50,273 102,675 55,297 45,952 101,249 　Others 18,850 52,190 71,040 9,232 39,523 48,755 Depreciation 240,153 91,506 331,659 300,102 87,202 387,304 Amortization 2,044 9,908 11,952 4,078 13,300 17,378 By function For the six months ended June 30, 2025 For the six months ended June 30, 2024 By item Operating cost Operating expenses Total Operating cost Operating expenses Total Employee benefits 　Salaries 1,680,943 2,214,629 3,895,572 1,698,709 2,206,523 3,905,232 　Labor and health insurance 80,214 138,892 219,106 75,640 118,576 194,216 　Pension 108,535 99,938 208,473 107,222 89,184 196,406 　Others 25,574 103,164 128,738 25,471 83,310 108,781 Depreciation 481,273 184,680 665,953 611,431 176,776 788,207 Amortization 3,789 20,179 23,968 8,796 30,198 38,994 Note:Excluding the depreciation of the investment pr operty (classified as other gains and losses) amounted to $17,662 and $17,446 for the six months ended June 30, 2025 and 2024, respectively. (b) Seasonality of Operation The Group’s operation were not affected by seasonality or cyclicality factors. (Continued)

Page 51

50 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (13) Other disclosures : (a) Information on significant transactions: The followings were the information on significant transactions required by the Regulations for the Group: (i) Loans to other parties: Highest balance Collateral Number Name of lender Name of borrower Account name Related party of financing to other parties during the period Ending balance Actual usage amount during the period Range of interest rates during the period Purposes of fund financing for the borrower Transaction amount for business between two parties Reasons for short-term financing Allowance for bad debt Item Value Individual funding loan limits Maximum limit of fund financing 1 TYM Acoustic HK TWEL Other receivables Y 630,458 568,138 489,875 5.5% Short-term loan to other parties - Operating capital - - - 626,597 1,253,194 2 TYM HK 〃〃〃 33,182 - - 5.5% 〃 - 〃 - - - 111,867 223,734 Note 1: Due to the short-term financing need, the loan provided to an individual entity sh all not ex ceed 20% of the net worth of TYM Acoustic HK in its latest financial statements. However, the amount available for financing shall not exceed 40% of the net worth of TYM Acoustic HK in its latest financial statements. Note 2: Due to the short-term financing need, the loan provided to an individual entity sh all not exceed 20% of the net worth of TYM HK in its latest finan cial statements. However, the amount available for financing shall not exceed 40% of the net worth of TYM HK in its latest financial statements. Note 3: The above transactions have been eliminated during the preparation of the consolidated financial statements. (ii) Guarantees and endorsements for other parties: (In Thousands of New Taiwan Dollars) Counter-party of guarantee and endorsement Limitation on amount of Highest balance for Balance of guarantees Property Ratio of accumulated amounts of guarantees and Parent company Subsidiary endorsements/ Endorsements/ guarantees to No. Name of guarantor Name Relationship with the Company guarantees and endorsements for a specific enterprise guarantees and endorsements during the period and endorsements as of reporting date Actual usage amount during the period pledged for guarantees and endorsements (Amount) endorsements to net worth of the latest financial statements Maximum amount for guarantees and endorsements endorsements/ guarantees to third parties on behalf of subsidiary guarantees to third parties on behalf of parent company third parties on behalf of companies in Mainland China 0 The Company PCH2 The subsidiary of Primax HK and Primax Tech. 5,226,636 331,820 299,020 - - %1.72 13,937,697 Y N Y 〃〃 Primax Singapore Subsidiary 5,226,636 2,700,000 2,700,000 399,612 - %15.50 13,937,697 Y N N 1 Tymphany Huizhou TYM Acoustic HK 〃 2,402,426 4,977 4,485 - - %0.06 4,004,044 N N N Note 1: The amount of the guarantee to a company sh all not exceed 30% of the Company’s net worth in the latest finan cial statements. The total amount of the guarantee to total company shall not exceed 80% of the Company’s net worth in the latest financial statements. Note 2: The amount of the guarantee to a company sh all not ex ceed 30% of the Tympha ny Huizhou’s net worth in the latest finan cial statements. The total amount of the guarantee to total company shall not exceed 50% of the Tymphany Huizhou’s net worth in the latest financial statements. Note 3: The above counter-parties of guarantee and endorsement are subsidiaries included in the consolidated financial statements. (iii) Securities held as of June 30, 2025 (excluding investment in subsidiaries, associates and joint ventures): Company Ending Ending balance balance holding securities Security type and name Relationship with company Account Shares/Units (thousands) Carrying value Percentage of ownership (%) Fair value Note The Company Equities: Grove Ventures L.P. - Financial assets at FVOCI - 144,606 2.75 144,606 Note 1: Disclosure of the amounts was exceeding of NTD$100 million. (Continued)

Page 52

51 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (iv) Related-party transactions for purchases and sales with amounts exceeding the lower o f TWD100 million or 20% of the Company’s issued capital: Transaction details Transactions with terms different from others Notes/Accounts receivable (payable) Name of company Related party Nature of relationship Purchase/ Sale Amount Percentage of total purchases/sales Payment terms Unit price Payment terms Ending balance Percentage of total notes/accounts receivable (payable) Note The Company Primax Singapore Subsidiary (Sale) (6,978,100) %(36) 60 days Price agreed by both sides The same as general selling 2,793,876 35% Note 1 〃 PCH2 The subsidiary of Primax HK Purchase 8,872,251 %56 〃〃 The same as general purchasing (8,256,010) (66)% Note 1 〃 PKS1 〃 Purchase 927,666 %5 〃〃〃 (399,907) (3)% Note 1 〃 PCQ1 〃 Purchase 3,223,807 %19 〃〃〃 (2,177,359) (17)% Note 1 〃 Polaris The subsidiary of Primax Tech. (Sale) (1,588,360) %(8) 90 days 〃 The same as general selling 119,455 1% Note 1 〃 Primax Thailand The subsidiary of Primax Singapore Purchase 3,104,413 %20 60 days 〃 The same as general purchasing (1,089,788) (9)% Note 1 Primax Singapore The Company Parent Purchase 6,978,100 %99 〃〃〃 (2,793,876) (94)% Note 1 PCH2 〃 The parent of Primax Cayman (Sale) (8,872,251) %(95) 〃〃 The same as general selling 8,256,010 96% Note 1 PKS1 〃〃 (Sale) (927,666) %(100) 〃〃〃 399,907 100% Note 1 PCQ1 〃〃 (Sale) (3,223,807) %(80) 〃〃〃 2,177,359 85% Note 1 Primax Thailand 〃 The parent of Primax Singapore (Sale) (3,104,413) %(99) 〃〃〃 1,089,788 99% Note 1 Polaris 〃 The parent of Primax Tech. Purchase 1,588,360 %100 90 days 〃 The same as general purchasing (119,455) (100)% Note 1 Tymphany Huizhou TYM Acoustic HK Subsidiary (Sale) (2,038,547) %(56) 60 days 〃 The same as general selling 1,239,194 58% Note 1 〃 TYM HK The subsidiary of TYM Acoustic HK (Sale) (1,108,531) %(30) 〃〃〃 584,444 27% Note 1 〃 TYTH 〃 (Sale) (152,757) %(4) 〃〃〃 145,334 7% Note 1 Tymphany Dongguan TYM HK 〃 Purchase 104,665 %8 〃〃 The same as general purchasing (69,442) (10)% Note 1 〃〃〃 (Sale) (246,412) %(15) 〃〃 The same as general selling 48,769 7% Note 1 〃 TYM Acoustic Europe 〃 (Sale) (224,827) %(13) 〃〃〃 100,421 14% Note 1 〃 TYM Acoustic HK The subsidiary of Tymphan y Huizhou (Sale) (1,171,469) %(69) 〃〃〃 539,877 74% Note 1 TYM Acoustic HK TYM Acoustic Europe Subsidiary Purchase 1,189,020 %23 〃〃 The same as general purchasing (554,852) (15)% Note 1 〃 Tymphany Huizhou Parent Purchase 2,038,547 %40 〃〃〃 (1,239,194) (35)% Note 1 〃 Tymphany Dongguan The subsidiary of Tymphany Huizhou Purchase 1,171,469 %23 〃〃〃 (539,877) (15)% Note 1 〃 TYTH Subsidiary Purchase 924,330 %18 〃〃〃 (304,172) (8)% Note 1 (Continued)

Page 53

52 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Transaction details Transactions with terms different from others Notes/Accounts receivable (payable) Name of company Related party Nature of relationship Purchase/ Sale Amount Percentage of total purchases/sales Payment terms Unit price Payment terms Ending balance Percentage of total notes/accounts receivable (payable) Note TYM Acoustic Europe TYM Acoustic HK Parent (Sale) (1,189,020) %(99) 60 days Price agreed by both sides The same as general selling 554,852 99% Note 1 〃 Tymphany Dongguan The subsidiary of Tymphan y Huizhou Purchase 224,827 %23 〃〃 The same as general purchasing (100,421) (26)% Note 1 TYM HK Tymphany Huizhou The parent of TYM Acoustic HK Purchase 1,108,531 %39 〃〃〃 (584,444) (38)% Note 1 〃 Tymphany Dongguan The subsidiary of Tymphany Huizhou Purchase 246,412 %9 〃〃〃 (48,769) (3)% Note 1 〃〃〃 (Sale) (104,665) %(3) 〃〃 The same as general selling 69,442 5% Note 1 〃 TYTH The subsidiary of TYM Acoustic HK Purchase 1,443,352 %51 〃〃 The same as general purchasing (474,504) (31)% Note 1 TYTH TYM HK 〃 (Sale) (1,443,352) %(60) 〃〃 The same as general selling 474,504 60% Note 1 〃 TYM Acoustic HK Parent (Sale) (924,330) %(38) 〃〃〃 304,172 38% Note 1 〃 Tymphany Huizhou The parent of TYM Acoustic HK Purchase 152,757 %7 〃〃 The same as general purchasing (145,334) (9)% Note 1 Note 1: Related transactions have been eliminated during the preparation of the consolidated financial statements. (v) Receivables from related parties with amounts exceeding the lower of TWD$100 million or 20% of the Company’s issued capital: Name of Nature of Ending Turnover Overdue Amounts received Allowance company Counter-party relationship balance rate Amount Action taken in subsequent period (note 1) for bad debts The Company Primax Singapore Subsidiary 2,793,876 (note 5) 6.97 - - 899,204 - 〃 Polaris The subsidiary of Primax Tech. 119,455 (note 5) 20.28 - - 119,455 - 〃 PCH2 The subsidiary of Primax HK 560,564 (note 2&5) 4.16 - - 830 - PCH2 The Company The parent of Primax Cayman 8,256,010 (note 5) 2.09 - - 1,220,325 - 〃 Primax Thailand The subsidiary of Primax Singapore 295,047 (note 5) (note3) - - - - PKS1 The Company The parent of Primax Cayman 399,907 (note 5) 4.38 - - 39,812 - PCQ1 〃〃 2,177,359 (note 5) 2.40 - - 30,370 - Primax Thailand 〃 The parent of Primax Singapore 1,089,788 (note 5) 8.59 - - 435,085 - Tymphany Huizhou TYM Acoustic HK Subsidiary 1,239,194 (note 5) 2.88 - - 176,177 - 〃 TYM HK The subsidiary of TYM Acoustic HK 584,444 (note 5) 2.20 - - 176,424 - 〃 TYTH 〃 145,334 (note 5) 2.19 - - - - (Continued)

Page 54

53 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Name of Nature of Ending Turnover Overdue Amounts received Allowance company Counter-party relationship balance rate Amount Action taken in subsequent period (note 1) for bad debts Tymphany Dongguan TYM Acoustic Europe The subsidiary of TYM Acoustic HK 100,421 (note 5) 4.39 - - 47,004 - 〃 TYM Acoustic HK The subsidiary of Tymphany Huizhou 539,877 (note 5) 2.64 - - 175,940 - TYM Acoustic Europe 〃 Parent 554,852 (note 5) 4.11 - - 171,523 - TYM HK Tymphany Dongguan The subsidiary of Tymphany Huizhou 69,442 (note 5) 2.66 - - - - 〃〃〃 218,885 (note 5) (note3) - - 205,100 - 〃 TYM Acoustic HK Parent 935,354 (note 5) (note3) - - 3,439 - 〃 TYTH The subsidiary of TYM Acoustic HK 113,167 (note 5) (note3) - - - - TYM Acoustic HK Tymphany HuizhouParent 12,166 (note 5) 8.19 - - - - 〃〃〃 465,439 (note 5) (note3) - - 88,045 - 〃 TWEL The parent of Tymphany Huizhou 489,875 (note 5) (note4) - - - - 〃〃〃 2,394 (note 5) (note3) - - - - TYAT TYM HK The subsidiary of TYM Acoustic HK 336,400 (note 5) (note3) - - 87,900 - TYTH 〃〃 474,504 (note 5) 7.12 - - 249,050 - 〃 TYM Acoustic HK Parent 304,172 (note 5) 4.22 - - 131,850 - Note 1: Amounts were collected as of July 18, 2025. Note 2: The Company sells semi-finished products to its subsidiaries for processing and production. The finished products are then repurchased back by the Company and sold to the customers. The amount of semi-finished products sold in the six months ended June 30, 2025 was $1,015,399, which was wri tten off with related cost of g oods sold, and not regarded as sales for the Company. Note 3: The receivables arise from service rendering for intercompany or material purchasing on behalf of intercompany or related parties. Note 4: The other receivables arise from intercompany loans. Note 5: Related transactions have been eliminated during the preparation of the consolidated financial statements. (vi) Business relationships and significant intercompany transactions: Intercompany transactions No Name of company Name of counter- party Nature of relationship Account name Amount Trading terms Percentage of consolidated total operating revenues or total assets 0 The Company Primax Singapore Subsidiary Sale 6,978,100 Price agreed by both sides %23.77 〃〃〃〃 Accounts Receivable 2,793,876 60 days %5.86 〃〃 PCH2 The subsidiary of Primax HK Purchase 8,872,251 Price agreed by both sides %30.22 〃〃〃〃 Accounts Payable 8,256,010 60 days %17.31 〃〃〃〃 Accounts Receivable 560,564 〃 %1.18 〃〃 PKS1 〃 Purchase 927,666 Price agreed by both sides %3.16 〃〃〃〃 Accounts Payable 399,907 60 days %0.84 (Continued)

Page 55

54 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Intercompany transactions No Name of company Name of counter- party Nature of relationship Account name Amount Trading terms Percentage of consolidated total operating revenues or total assets 0 The Company PCQ1 The subsidiary of Primax HK Purchase 3,223,807 Price agreed by both sides %10.98 〃〃〃〃 Accounts Payable 2,177,359 60 days %4.56 〃〃 Polaris The subsidiary of Primax Tech. Sale 1,588,360 Price agreed by both sides %5.41 〃〃〃〃 Accounts Receivable 119,455 90 days %0.25 〃〃 Primax Thailand The subsidiary of Primax Singapore Purchase 3,104,413 Price agreed by both sides %10.57 〃〃〃〃 Accounts Payable 1,089,788 60 days %2.28 1 PCH2 〃〃 Other Receivable 295,047 (note 2) %0.62 2 Tymphany Huizhou TYM Acoustic HK Subsidiary Sale 2,038,547 Price agreed by both sides %6.94 〃〃〃〃 Accounts Receivable 1,239,194 60 days %2.60 〃〃〃〃 Other Payable 465,439 (note 2) %0.98 〃〃〃〃 Accounts Payable 12,166 60 days %0.03 〃〃 TYM HK The subsidiary of TYM Acoustic HK Sale 1,108,531 Price agreed by both sides %3.78 〃〃〃〃 Accounts Receivable 584,444 60 days %1.23 〃〃 TYTH 〃 Sale 152,757 Price agreed by both sides %0.52 〃〃〃〃 Accounts Receivable 145,334 60 days %0.30 3 Tymphany Dongguan TYM HK 〃 Purchase 104,665 Price agreed by both sides %0.36 〃〃〃〃 Sale 246,412 〃 %0.84 〃〃〃〃 Accounts Payable 69,442 60 days %0.15 〃〃〃〃 Other Payable 218,885 (note 2) %0.46 〃〃 TYM Acoustic Europe 〃 Sale 224,827 Price agreed by both sides %0.77 〃〃〃〃 Accounts Receivable 100,421 60 days %0.21 〃〃 TYM Acoustic HK The subsidiary of Tymphany Huizhou Sale 1,171,469 Price agreed by both sides %3.99 〃〃〃〃 Accounts Receivable 539,877 60 days %1.13 4 TYM Acoustic HK TYM Acoustic Europe Subsidiary Purchase 1,189,020 Price agreed by both sides %4.05 〃〃〃〃 Accounts Payable 554,852 60 days %1.16 〃〃 TYTH 〃 Purchase 924,330 Price agreed by both sides %3.15 〃〃〃〃 Accounts Payable 304,172 60 days %0.64 (Continued)

Page 56

55 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Intercompany transactions No Name of company Name of counter- party Nature of relationship Account name Amount Trading terms Percentage of consolidated total operating revenues or total assets 4 TYM Acoustic HK TYM HK Subsidiary Service Expense 445,793 Price agreed by both sides %1.52 〃〃〃〃 Other Payable 935,354 (note 2) %1.96 〃〃 TWEL The parent of Tymphany Huizhou Other Receivable 489,875 (note 3) %1.03 〃〃〃〃 Other Receivable 2,394 (note 2) %0.01 5 TYM HK TYAT The subsidiary of TYM Acoustic HK Other Payable 336,400 〃 %0.71 〃〃〃〃 Service Expense 523,582 Price agreed by both sides %1.78 〃〃 TYTH 〃 Other Receivable 113,167 (note 2) %0.24 〃〃〃〃 Purchase 1,443,352 Price agreed by both sides %4.92 〃〃〃〃 Accounts Payable 474,504 60 days %0.99 Note 1: Disclosure of the amounts was exceeding of NTD$100 million. Note 2: The receivables arises from service rendering for intercompany or material purchasing on behalf of intercompany or related party. Note 3: The other receivables arise from intercompany loans. Note 4: Related transactions have been eliminated during the preparation of the consolidated financial statements. (b) Information on investees: The following is the information on investees for the six months ended June 30, 2025 (excluding information on investees in Mainland China): Main Original investment amount Balance as of June 30, 2025 Net income Share of Name of investor Name of investee Location businesses and products June 30, 2025 December 31, 2024 Shares (thousands) Percentage of ownership Carrying value (losses) of investee profits/losses of investee Note The Company Primax Cayman Cayman Islands Holding company 1,912,688 1,912,688 6,197,636 100.00 7,917,717 277,926 396,151 Note 3 〃 Primax Tech. Cayman Islands Holding company 897,421 897,421 285,067 100.00 3,064,491 56,918 96,157 Note 3 〃 Destiny BVI.Virgin Island Holding company 30,939 30,939 1,050 100.00 (4,188) 5,690 5,690 Note 3 〃 Destiny Japan Japan Market development of and customer service for computer peripherals, mobile device components, and business devices 7,032 7,032 0.50 100.00 14,856 229 229 Note 3 〃 Diamond Cayman Islands Holding company 4,759,198 4,759,198 156,050 100.00 9,261,616 333,987 327,865 Note 3 〃 Gratus Tech. USA Market development of and customer service for computer peripherals, mobile device components, and business devices 9,330 9,330 300 100.00 21,978 1,558 1,558 Note 3 〃 Primax AE Cayman Islands Holding company 1,431,540 1,431,540 48,200 100.00 67,092 (4,912) (4,912) Note 3 〃 Primax Singapore Singapore Sale of computer peripherals and mobile device components 1,181,150 1,181,150 40,100 100.00 569,658 (7,816) (20,451) Note 3 〃 Primax Security Taiwan Sale of computer peripherals and mobile device components 200 200 20 100.00 184 (9) (9) Note 3 Total 10,229,498 10,229,498 - 20,913,404 663,571 802,278 (Continued)

Page 57

56 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Main Original investment amount Balance as of June 30, 2025 Net income Share of Name of investor Name of investee Location businesses and products June 30, 2025 December 31, 2024 Shares (thousands) Percentage of ownership Carrying value (losses) of investee profits/losses of investee Note Primax Singapore Primax Thailand Thailand Manufacturing and sale of computer peripherals, mobile device components, and business devices 1,162,928 1,162,928 1,244 100.00 578,804 (10,258) (10,258) Note 3 Note 5 Primax Cayman Primax HK Hong Kong Holding company and customer service 1,737,164 1,737,164 446,817 100.00 8,006,533 280,041 280,041 Note 3 Primax Tech. Polaris USA Sale and purchase of computer peripherals, mobile device components, and business devices 52,680 52,680 1,600 100.00 442,780 5,196 5,196 Note 3 Diamond TWEL Cayman Islands Holding company 4,953,350 4,953,350 279,191 100.00 9,312,855 334,842 334,842 Note 3 Primax AE AIC Cayman Islands Holding company 1,356,995 1,356,995 30 37.00 - (87,112) - Note 4 TWEL TYM Singapore Singapore R&D, design, and sales of various speaker accessories as well as speakers and their components and holding business 16,000 - 500 100.00 14,715 67 67 Note 3 〃 MBTH Thailand Manufacturing of plastic products 31,900 31,900 760 40.00 24,609 (18,228) (7,291) Note 4 Tymphany Huizhou TYM Acoustic HK Hong Kong R&D, design, and sales of various speaker accessories as well as speakers and their components and holding business 1,592,954 1,592,954 418,090 100.00 3,132,985 35,300 35,300 Note 3 TYM Acoustic HK TYM HK Hong Kong Holding company; sales of, market development of and customer service for various speaker accessories, speakers and their components 76,280 (note 1) 76,280 (note 1) 144,395 100.00 559,335 (81,411) (81,411) Note 3 〃 TYP USA Market development of and customer service for speakers and their components 15 (note 1) 15 (note 1) 0.50 100.00 73,276 1,975 1,975 Note 3 〃 TYM UK United Kingdom R&D and design of various speaker accessories as well as speakers and their components 15,631 15,631 400 100.00 48,564 2,635 2,635 Note 3 〃 TYM Acoustic Europe Czech Manufacturing, installation, and maintenance of various speaker accessories and their components 653,796 653,796 187,800 100.00 977,631 (54,808) (54,808) Note 3 〃 TYAT Taiwan R&D and design of various speaker accessories as well as speakers and their components 48,318 48,318 5,000 100.00 429,867 (15,838) (15,838) Note 3 〃 TYTH Thailand Manufacturing and sales of various speaker accessories, speakers, and their components 725,091 725,091 7,789 100.00 722,154 23,545 23,545 Note 3 Note 5 (Continued)

Page 58

57 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements Main Original investment amount Balance as of June 30, 2025 Net income Share of Name of investor Name of investee Location businesses and products June 30, 2025 December 31, 2024 Shares (thousands) Percentage of ownership Carrying value (losses) of investee profits/losses of investee Note TYM HK TYML USA Sales of various speaker accessories, speakers, and their components 6,628 6,628 200 100.00 7,003 (687) (687) Note 3 Note 1: The amount is the initial investment costs from the original stockholders prior to the acquisition of the Company through Diamond. Note 2: Related investments (except for AIC and MBTH) have been eliminated during the preparation of the consolidated financial statements. Note 3: The subsidiary of the Company. Note 4: The associate of the Company. Note 5: To meet the regulatory requirements, both 3 shares of Primax Thailand and TYTH are owned by natural person. (c) Information on investment in Mainland China: (i) The names of investees in Mainland China, the main businesses and products, and other information: Accumulated outflow of investment Investment flows Accumulated outflow of investment from Net Name of investee Main businesses and products Total amount of paid-in capital Method of Investment from Taiwan as of January 1, 2025 (note 2) Outflow Inflow Taiwan as of June 30, 2025 (note 2) income (losses) of the investee Percentage of ownership Investment income (losses) Book value Accumulated remittance of earnings in current period PCH2 Manufacturing and sale of computer peripherals, mobile device components, and business devices 1,825,229 Indirect investment through Primax Cayman and Primax Tech. 1,801,000 - - 1,604,655 185,708 100% 185,708 7,710,136 - Destiny Beijing R&D of computer peripheral and business devices 36,157 Indirect investment through Destiny BVI. 34,420 - - 30,765 5,690 100% 5,690 (4,192) - PKS1 Production of computer peripheral products 210,552 Indirect investment through Primax Cayman 65,562 - - 58,600 (24,241) 100% (24,241) 171,619 - PCQ1 〃 781,064 〃 655,620 - - 586,000 179,272 100% 179,272 2,614,405 - Tymphany Huizhou Manufacturing, R&D, design and sale of various speaker accessories, speakers, and their components 1,549,274 Indirect investment through Diamond 5,113,836 - - 4,570,800 340,032 100% (note 4) 340,032 8,008,087 - Tymphany Dongguan 〃 146,500 〃 16,391 - - 14,650 141,552 100% 141,552 1,359,586 - Note 1: The above information on the exchange rate was as follows: HKD:TWD 3.7326 ; USD:TWD 29.3000; CNY:TWD 4.0930. Note 2: The differences between the accumulated out flow of investments and paid in capital was derived from the currency exchange on translation, capital increase from retained earning and working capital. Note 3: Related investments have been eliminated during the preparation of the consolidated financial statements. Note 4: 1 share is owned by natural person. (Continued)

Page 59

58 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (ii) Limitation on investment in Mainland China: Name of Company Accumulated Investment in Mainland China as of June 30, 2025 Investment Amounts Authorized by Investment Commission, MOEA Upper Limit on Investment The Company 7,298,387 8,974,037 None (note) Note: The Company has received the Certificate issued by the Industrial Development Bureau, Ministry of Economic Affairs, allowing it to start the operating of its headquarters. The above investment income (losses) in M ainland China, except for PCH2, was reviewed by the Company's auditors. Tymphany Huizhou and Tymphany Dongguan were reviewed by other auditors, and other information related to subsidiaries came from financial reports prepared by the investees, not reviewed by auditors. (iii) Significant transactions: The significant inter-company transactions with the subsidiaries in Mainland China, which were eliminated in the preparation of the consolidated financial statements for the six months ended June 30, 2025, are disclosed in “ Information on significant transactions” , and “ Business relationships and significant intercompany transactions”. (14) Segment information : For the three and six months ended June 30, 2025 and 2024, the Group’ s segment information had no significant change. Please refer to note 14 of the consolidated financial statement for the year ended December 31, 2024 for the further information. The Group’s segment financial information was as follows: For the three months ended June 30, 2025 Computer Peripherals Non-computer Peripherals Total Revenue External revenue $ 5,785,452 8,806,313 14,591,765 Intra-group revenue - - - Total segment revenue $ 5,785,452 8,806,313 14,591,765 Profit before tax from segments reported $ 296,119 605,569 901,688 (Continued)

Page 60

59 PRIMAX ELECTRONICS LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements For the three months ended June 30, 2024 Computer Peripherals Non-computer Peripherals Total Revenue External revenue $ 6,105,083 9,262,968 15,368,051 Intra-group revenue - - - Total segment revenue $ 6,105,083 9,262,968 15,368,051 Profit before tax from segments reported $ 392,573 598,892 991,465 For the six months ended June 30, 2025 Computer Peripherals Non-computer Peripherals Total Revenue External revenue $ 11,917,349 17,442,547 29,359,896 Intra-group revenue - - - Total segment revenue $ 11,917,349 17,442,547 29,359,896 Profit before tax from segments reported $ 690,475 1,184,540 1,875,015 For the six months ended June 30, 2024 Computer Peripherals Non-computer Peripherals Total Revenue External revenue $ 11,927,102 17,089,684 29,016,786 Intra-group revenue - - - Total segment revenue $ 11,927,102 17,089,684 29,016,786 Profit before tax from segments reported $ 798,270 950,181 1,748,451

Interim report