SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

INDEPENDENT AUDITORS’ REPORT DECEMBER 31, 2023 AND 2022

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For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail.

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION

DECEMBER 31, 2023 AND 2022 CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REPORT

TABLE OF CONTENTS

Contents Page

1.	Cover Page	1
2.	Table of Contents	2 ~ 3
3.	Declaration of Consolidated Financial Statements of Affiliated Enterprises	4
4.	Independent Auditors’ Report	5 ~ 14
5.	Consolidated Balance Sheets	15 ~ 16
6.	Consolidated Statements of Comprehensive Income	17 ~ 18
7.	Consolidated Statements of Changes in Equity	19
8.	Consolidated Statements of Cash Flows	20 ~ 21
9.	Notes to the Consolidated Financial Statements	22 ~ 96
	(1) HISTORY AND ORGANISATION	22
	(2) THE DATE OF AUTHORISATION FOR ISSUANCE OF THE	22
	CONSOLIDATED FINANCIAL STATEMENTS AND
	PROCEDURES FOR AUTHORISATION
	(3) APPLICATION OF NEW STANDARDS, AMENDMENTS AND	22 ~ 23
	INTERPRETATIONS
	(4) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	24 ~ 38

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Contents Page

(5)	CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND	38 ~ 39
	KEY SOURCES OF ASSUMPTION UNCERTAINTY
(6)	DETAILS OF SIGNIFICANT ACCOUNTS	39 ~ 75
(7)	RELATED PARTY TRANSACTIONS	76 ~ 80
(8)	PLEDGED ASSETS	80
(9)	SIGNIFICANT CONTINGENT LIABILITIES AND	80 ~ 81
	UNRECOGNISED CONTRACT COMMITMENTS
(10)	SIGNIFICANT DISASTER LOSS	81
(11)	SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE	81
(12)	OTHERS	81 ~ 94
(13)	SUPPLEMENTARY DISCLOSURES	94
(14)	SEGMENT INFORMATION	94 ~ 96

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND ITS SUBSIDIARIES Declaration of Consolidated Financial Statements of Affiliated Enterprises

In connection with the Consolidated Financial Statements of Affiliated Enterprises of Synnex Technology International Corporation (the “Consolidated FS of the Affiliates”), we represent to you that, the entities required to be included in the Consolidated FS of the Affiliates as of and for the year ended December 31, 2023 in accordance with the “Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises” are the same as those required to be included in the Consolidated Financial Statements of Synnex Technology International Corporation and its subsidiaries (the “Consolidated FS of the Group”) in accordance with International Financial Reporting Standard 10. In addition, the information required to be disclosed in the Consolidated FS of Affiliates is disclosed in the Consolidated FS of the Group. Consequently, Synnex Technology International Corporation does not prepare a separate set of Consolidated FS of Affiliates.

Very truly yours,

Synnex Technology International Corporation By

Matthew Miau Feng Chiang, Chairman March 13, 2024

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INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE

PWCR23000440

To the Board of Directors and Shareholders of Synnex Technology International Corporation

Opinion

We have audited the accompanying consolidated balance sheets of Synnex Technology International Corporation and its subsidiaries (the “Group”) as at December 31, 2023 and 2022, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and the reports of other auditors (see information disclosed in the Other Matter section of our report), the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2023 and 2022, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.

Basis for opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance

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with Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Group’s 2023 consolidated financial statements. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matters for the Group’s 2023 consolidated financial statements are stated as follows:

Assessment of allowance for uncollectible accounts

Description

Please refer to Notes 4(10) ＆ (11) for accounting policies adopted for accounts receivable. Please refer to Note 5(2), for critical accounting estimates and key sources of assumption uncertainty of loss allowance for accounts receivable. Please refer to Note 6(5) for details of accounts receivable.

The Group is primarily engaged in the sale of communication products, consumer electronic products, and semiconductor products. The Group manages the collection of accounts receivable from customers and bears the associated credit risk. The Group assesses impairment of accounts receivable in accordance with IFRS 9, ‘Financial instruments’. The management categorized the accounts receivable assessment into individual provision and group provision. For individually assessed accounts receivable, allowance is recognised on a case by case basis. The assessment process is affected by

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management’s judgement on various factors: customers’ financial conditions, internal credit ratings, historical transaction records, and current economic conditions, etc. For group assessed accounts receivable, assessment process is affected by management’s judgement on historical uncollectible records, current economic conditions and the forecastability information to assess the default possibility of uncollectible accounts.

As management’s judgement on allowance for uncollectible accounts is relatively subjective and the estimated amount is material to the financial statements, therefore, we indicated that the assessment of allowance for uncollectible accounts as one of the key audit matters.

How our audit addressed the matter

We performed the following audit procedures in relation to the key audit matter:

1. Obtained an understanding of the credit quality of the Group’s customers, assessed the classification of accounts receivable, the policies and the procedures applied in loss allowance provision.

2. For individually assessed accounts, selected and verified samples of managements’ impairment evaluation. Discussed with management the assessment results and evaluated the provision.

3. For accounts assessed as a group, considered historical uncollectible records and the management’s forecastability adjustment information to determine the provision ratio of allowance for uncollectible accounts. For significant accounts, examined subsequent collections after balance sheet date.

Assessment of allowance for valuation of inventory

Description

Please refer to Note 4(14) for description of accounting policies on allowance for inventory valuation.

Please refer to Note 5(2) for accounting estimates and assumption uncertainty. Please refer

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to Note 6(8) for details of inventory items.

The Group is primarily engaged in the sale of communication products, consumer electronic products, and semiconductor products. For the purpose of meeting diverse customer needs, the Group applied multi-brand and multi-product strategy. However, due to rapid changes in technology, the short life cycle of electronic products, and the price highly affected by market fluctuation, there is a high risk of incurring inventory valuation losses. The Group’s inventory policy on inventory valuation is based on the lower of cost or net realisable value. The net relisable value of inventory was identified on an item-byitem basis. The Group then applied the lower of cost or net realisable value method for recognizing loss on decline in market value.

As management’s judgement on net realisable value of inventory is relatively subjective and the valuation amount is material to the financial statements, therefore, we indicated that the assessment of allowance for valuation of inventory as one of the key audit matters.

How our audit addressed the matter

We performed the following audit procedures in relation to the key audit matter:

1. Obtained an understanding of the policy applied to the assessment of allowance for valuation of inventory loss. Assessed whether the allowance recognition policy is applied.

2. Obtained net realisable value report for inventory items and verified the systematic logic applied to the calculation. First, tested the assumptions such as: sources of sales or purchases data and relevant supporting estimation documents. Second, recalculated net realizable value item-by-item, then applied the lower of cost or net realisable value method for valuation and examined whether reasonable allowance was recognised.

3. Compared current and previous years’ rate of allowance for valuation of inventory. Reviewed each period’s days sales of inventory in order to assess the recognition of allowance.

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Assessment of purchase rebate

Description

Please refer to Note 4(14) for accounting policies adopted for the recognition of purchase rebate. Please refer to Note 5(2) for critical accounting estimates and assumptions applied in the accounting policy for the recognition of purchase rebate.

The Group is primarily engaged in the sale of communication products, consumer electronic products, electronic products and semiconductor products. The Group engages in various purchase contracts for different items with different suppliers. There are various types of rebate programs including incentives for certain purchase volume from vendors, purchase discounts and allowances, participations in special purchase promotions, and subsidies for marketing. The Group estimates rebates that shall be recognized in accordance with the percentage of achievement of the rebate contract terms.

There are various types of rebate programs, complicated calculations and transactions with different suppliers as well as the manual process involved in the verification and calculation of rebates. All of these aforementioned factors add to the complexity of assessing purchasing rebate. Thus, we indicated that the assessment of purchase rebate as one of the key audit matters.

How our audit addressed the matter

We performed the following audit procedures in relation to the key audit matter:

1. Obtained an understanding and tested the internal control over the estimation of purchase rebate. Tested the appropriate controls over contractual terms regarding rebates. Checked whether the recognition of rebate amount has been approved by the proper authority.

2. Selected samples of details of purchase rebate estimation, reviewed the inventory items and obtained the supporting documents in order to recalculate the rebate amount and assess estimated amount.

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1. Sampled details of purchase rebate estimation without notice from suppliers that has been recognised as of the balance sheet date and obtained debit notes or other supporting documents that were received from suppliers after the balance sheet date to evaluate the estimation. In addition, after balance sheet date, examined whether there were significant new rebates that should be recognised as of the balance sheet date.

2. Selected samples of significant outstanding rebate receivable accounts and tested subsequent collections after the balance sheet date.

Other matter – Reference to report of other independent auditors

We did not audit the financial statements of certain subsidiaries which were included in the consolidated financial statements of the Group and were audited by other auditors whose reports thereon have been furnished to us, and our opinion expressed herein, in so far as it relates to the amounts and the information disclosed in Note 13 included in these financial statements, is based solely on the reports of the other auditors. Those subsidiaries’ statements reflect total assets of NT$11,586 thousand and NT$1,689,177 thousand, constituting 0% and 1% of the consolidated total assets as of December 31, 2023, and 2022, respectively, and total operating revenues of both NT$0 thousand, both constituting 0% of the consolidated total operating revenues for the years then ended. In addition, as stated in Note 6(9), the financial statements and the information disclosed in Note 13 of certain investments accounted for using equity method were audited by other auditors whose reports thereon have been furnished to us. For the years ended December 31, 2023, and 2022, the recognised net profit of investments accounted for using equity method was NT$1,281,817 thousand and NT$1,591,659 thousand, respectively, constituting 16% and 10% of the consolidated net profits, respectively; the recognised comprehensive income of investments accounted for using equity method was NT$931,148 thousand and NT$1,879,052 thousand, respectively, constituting 16% and 10% of the consolidated comprehensive income, respectively. As of December 31, 2023 and 2022, the balance of related investments was NT$7,826,078 thousand and NT$7,326,951 thousand, respectively, constituting 4% and 3% of the consolidated total assets, respectively.

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Other matter – Parent company only financial reports

We have audited and expressed an unqualified opinion with other matter section on the parent company only financial statements of Synnex Technology International Corporation as of and for the years ended December 31, 2023 and 2022.

Responsibilities of management and those charged with governance for the consolidated financial statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including the audit committee, are responsible for overseeing the Group’s financial reporting process.

Auditor’s responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial

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

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgement and professional skepticism throughout the audit. We also:

1. Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

4. Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our

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opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.

1. Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

2. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

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Huang, Shih-Chun

[Liang Yi Chang ]

For and on behalf of PricewaterhouseCoopers, Taiwan March 13, 2024

------------------------------------------------------------------------------------------------------------------------------The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and independent auditors’ report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

Assets	Notes 6(1) 6(2) 6(3) 6(4) and 8 6(5) 6(5) and 8 6(5) and 7(2) 6(7) and 7(2) 6(8) and 8 6(3) 6(4) and 8 6(9) 6(10) and 8 6(11) 6(13) 6(14) 6(33) 6(15)	December 31, 2023 AMOUNT % $ 11,156,269 5 603,939 - 22,207,018 10 - - 5,499,794 3 73,497,234 34 816,249 - 6,264,555 3 212,509 - 53,143,236 25 7,282,154 4 180,682,957 84 7,077,564 3 803,361 - 9,456,422 4 10,440,594 5 1,186,510 1 935,040 1 651,330 - 1,310,583 1 1,695,960 1 33,557,364 16 $ 214,240,321 100	December 31, 2022	December 31, 2022
		AMOUNT $ 11,156,269 603,939 22,207,018 - 5,499,794 73,497,234 816,249 6,264,555 212,509 53,143,236 7,282,154 180,682,957 7,077,564 803,361 9,456,422 10,440,594 1,186,510 935,040 651,330 1,310,583 1,695,960 33,557,364 $ 214,240,321	AMOUNT $ 14,482,285 181,682 25,768,699 6,684 6,842,112 71,827,487 499,491 7,234,780 111,526 57,299,453 6,313,650 190,567,849 5,683,237 866,178 8,964,673 9,757,191 1,195,314 987,460 665,725 1,241,023 1,717,668 31,078,469 $ 221,646,318	%
Current assets 1100 Cash and cash equivalents 1110 Current financial assets at fair value through profit or loss 1120 Current financial assets at fair value through other comprehensive income 1136 Current financial assets at amortised cost 1150 Notes receivable, net 1170 Accounts receivable, net 1180 Accounts receivable - related parties, net 1200 Other receivables 1220 Current income tax assets 130X Inventories 1410 Prepayments 11XX Total current assets Non-current assets 1517 Non-current financial assets at fair value through other comprehensive income 1535 Non-current financial assets at amortised cost 1550 Investments accounted for under equity method 1600 Property, plant and equipment 1755 Right-of-use assets 1760 Investment property, net 1780 Intangible assets 1840 Deferred income tax assets 1900 Other non-current assets 15XX Total non-current assets 1XXX Total assets				7 - 12 - 3 32 - 3 - 26 3
				86
				3 - 4 4 1 - - 1 1
				14
				100

(Continued)

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity

December 31, 2023 December 31, 2022 Notes AMOUNT % AMOUNT % 6(16) $ 51,973,423 24 $ 73,314,084 33 6(17) 7,530,000 3 4,860,000 2 6(2) 426 - 4,484 - 587,007 - 1,239,838 1 7(2) 35,373,766 17 30,623,774 14 6(18) and 7(2) 7,884,081 4 7,607,914 3 1,231,591 1 1,202,706 1 182,073 - 285,994 - 6(20) 1,500,000 1 - - 6(19) 4,532,833 2 4,231,772 2 110,795,200 52 123,370,566 56 6(20) 21,370,000 10 15,900,000 7 6(33) 6,795,990 3 6,762,571 3 389,107 - 268,227 - 6(21) 391,322 - 413,920 - 28,946,419 13 23,344,718 10 139,741,619 65 146,715,284 66 6(22) 16,679,470 8 16,679,470 7 6(23) 13,529,272 6 13,505,904 6 6(24) 12,946,469 6 11,368,673 5 6,038,409 3 8,247,113 4 30,506,999 14 28,800,686 13 6(25) ( 7,886,325) ( 3) ( 6,038,409) ( 2 ) 71,814,294 34 72,563,437 33 2,684,408 1 2,367,597 1 74,498,702 35 74,931,034 34 9 11 $ 214,240,321 100 $ 221,646,318 100

Current liabilities 2100 Short-term borrowings 2110 Short-term notes and bills payable 2120 Current financial liabilities at fair value through profit or loss 2150 Notes payable 2170 Accounts payable 2200 Other payables 2230 Current income tax liabilities 2280 Current lease liabilities 2320 Long-term liabilities, current portion 2399 Other current liabilities, others 21XX Total current liabilities Non-current liabilities 2540 Long-term borrowings 2570 Deferred income tax liabilities 2580 Non-current lease liabilities 2600 Other non-current liabilities 25XX Total non-current liabilities 2XXX Total liabilities Equity attributable to owners of parent Share capital 3110 Share capital - ordinary share Capital surplus 3200 Capital surplus Retained earnings 3310 Legal reserve 3320 Special reserve 3350 Unappropriated retained earnings Other equity interest 3400 Other equity interest 31XX Total equity attributable to owners of parent 36XX Non-controlling interest 3XXX Total equity Significant contingent liabilities and unrecognized contract commitments Significant events after the balance sheet date 3X2X Total liabilities and equity

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

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

Items

YearendedDecember 31 2023 2022 Notes AMOUNT % AMOUNT % 6(26) and 7(2) $ 395,990,829 100 $ 424,550,420 100 6(8)(31) and 7(2) ( 378,391,906) ( 96) ( 406,707,201) ( 96) 17,598,923 4 17,843,219 4 6(31) ( 7,276,240) ( 2) ( 6,926,926) ( 2) ( 1,149,757) - ( 1,529,338) - 12(2) ( 538,612) - ( 249,419) - ( 8,964,609) ( 2) ( 8,705,683) ( 2) 8,634,314 2 9,137,536 2 6(27) 817,777 - 323,504 - 6(28) and 7(2) 1,333,029 - 1,297,170 - 6(29) 193,953 - 8,511,724 2 6(30) ( 2,027,553) - ( 1,435,728) - 6(9) 1,565,228 1 2,440,589 1 1,882,434 1 11,137,259 3 10,516,748 3 20,274,795 5 6(33) ( 2,635,905) ( 1) ( 3,944,469) ( 1) $ 7,880,843 2 $ 16,330,326 4

4000 Operating revenue 5000 Operating costs 5950 Net operating margin Operating expenses 6100 Selling expenses 6200 General and administrative expenses 6450 Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9 6000 Total operating expenses 6900 Operating profit Non-operating income and expenses 7100 Interest income 7010 Other income 7020 Other gains and losses 7050 Finance costs 7060 Share of profit of associates and joint ventures accounted for using equity method 7000 Total non-operating income and expenses 7900 Profit before income tax 7950 Income tax expense 8200 Profit for the year

(Continued)

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

Items

Year ended December 31 2023 2022 Notes AMOUNT % AMOUNT % $ 1,503 - $ 37,098 - ( 937,838) - ( 2,951,537) ( 1) 6(9)(25) ( 5,422) - ( 15,948) - 6(33) ( 300) - ( 7,419) - ( 942,057) - ( 2,937,806) ( 1) ( 915,065) ( 1) 4,739,093 1 6(9) ( 345,247) - 136,572 - ( 1,260,312) ( 1) 4,875,665 1 ($ 2,202,369) ( 1) $ 1,937,859 - $ 5,678,474 1 $ 18,268,185 4 $ 7,289,295 2 $ 15,748,824 4 591,548 - 581,502 - $ 7,880,843 2 $ 16,330,326 4 $ 5,061,923 1 $ 17,681,120 4 616,551 - 587,065 - $ 5,678,474 1 $ 18,268,185 4 6(34) $ 4.37 $ 9.44 6(34) $ 4.37 $ 9.44

Other comprehensive income Components of other comprehensive income that will not be reclassified to profit or loss 8311 Gains (losses) on remeasurements of defined benefit plans 8316 Unrealised gains (losses) from investments in equity instruments measured at fair value through other comprehensive income 8320 Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will not be reclassified to profit or loss 8349 Income tax related to components of other comprehensive income that will not be reclassified to profit or loss 8310 Components of other comprehensive loss that will not be reclassified to profit or loss Components of other comprehensive income that will be reclassified to profit or loss 8361 Financial statements translation differences of foreign operations 8370 Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss 8360 Components of other comprehensive (loss) income that will be reclassified to profit or loss 8300 Total other comprehensive (loss) income 8500 Total comprehensive income for the year Profit, attributable to: 8610 Owners of parent 8620 Non-controlling interest Profit for the year Comprehensive income attributable to: 8710 Owners of parent 8720 Non-controlling interest Comprehensive income for the year Earnings per share 9750 Basic earnings per share 9850 Diluted earnings per share

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

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

Year ended December 31, 2022 Balance at January 1, 2022 Profit Other comprehensive income (loss) Total comprehensive income (loss) Appropriations of 2021 earnings Legal reserve Special reserve Cash dividends Changes in equity of associates and joint ventures accounted for using equity method Difference between consideration and carrying amount of subsidiaries acquired Capital surplus transferred from unclaimed dividends Disposal of investments accounted for using equity method Disposal of equity instruments at fair value through other comprehensive income Effect of reorganisations Cash dividends paid by subsidiaries to non-controlling interests Balance at December 31, 2022 Year ended December 31, 2023 Balance at January 1, 2023 Profit Other comprehensive income (loss) Total comprehensive income (loss) Appropriations of 2022 earnings Legal reserve Special reserve Cash dividends Changes in equity of associates and joint ventures accounted for using equity method Capital surplus transferred from unclaimed dividends Disposal of equity instruments at fair value through other comprehensive income by the subsidiary Cash dividends declared by the subsidiary Balance at December 31, 2023	Notes								Equityattributable to	o	wners of theparent								Non-controlling interest		Total equity
			Share capital - common stock		Capital surplus				Retained earnings				Other equityinterest				Total
							Legal reserve		Special reserve		Unappropriated retained earnings	d	Financial statements translation ifferences of foreign operations		Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income
	6(25) 6(24) 6(23) 6(35) 6(23) 6(23) 6(25) 6(24) 6(23) 6(23)		$ 16,679,470 - - - - - - - - - - - - - $ 16,679,470 $ 16,679,470 - - - - - - - - - - $ 16,679,470		$ 14,199,960 - - - - - - 121,504 2,085 594 ( 5,350 ) - ( 812,889 ) - $ 13,505,904 $ 13,505,904 - - - - - - 23,154 214 - - $ 13,529,272		$ 9,673,477 - - - 1,695,196 - - - - - - - - - $ 11,368,673 $ 11,368,673 - - - 1,577,796 - - - - - - $ 12,946,469		$ 6,336,545 - - - - 1,910,568 - - - - - - - - $ 8,247,113 $ 8,247,113 - - - - ( 2,208,704 ) - - - - - $ 6,038,409		$ 24,968,224 15,748,824 29,679 15,778,503 ( 1,695,196 ) ( 1,910,568 ) ( 8,339,735 ) 1,110 - - - ( 1,652 ) - - $ 28,800,686 $ 28,800,686 7,289,295 1,203 7,290,498 ( 1,577,796 ) 2,208,704 ( 5,837,814 ) 3,380 - ( 380,659 ) - $ 30,506,999		($ 10,641,478 ) - 4,869,983 4,869,983 - - - - - - 304,434 - - - ($ 5,467,061 ) ($ 5,467,061 ) - ( 1,285,315 ) ( 1,285,315 ) - - - - - - - ($ 6,752,376 )		$ 2,394,366 - ( 2,967,366 ) ( 2,967,366 ) - - - - - - - 1,652 - - ($ 571,348 ) ($ 571,348 ) - ( 943,260 ) ( 943,260 ) - - - - - 380,659 - ($ 1,133,949 )		$ 63,610,564 15,748,824 1,932,296 17,681,120 - - ( 8,339,735 ) 122,614 2,085 594 299,084 - ( 812,889 ) - $ 72,563,437 $ 72,563,437 7,289,295 ( 2,227,372 ) 5,061,923 - - ( 5,837,814 ) 26,534 214 - - $ 71,814,294		$ 2,280,513 581,502 5,563 587,065 - - - - ( 23,029 ) - - - - ( 476,952 ) $ 2,367,597 $ 2,367,597 591,548 25,003 616,551 - - - - - - ( 299,740 ) $ 2,684,408		$ 65,891,077 16,330,326 1,937,859 18,268,185 - - ( 8,339,735 ) 122,614 ( 20,944 ) 594 299,084 - ( 812,889 ) ( 476,952 ) $ 74,931,034 $ 74,931,034 7,880,843 ( 2,202,369 ) 5,678,474 - - ( 5,837,814 ) 26,534 214 - ( 299,740 ) $ 74,498,702

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

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Adjustments Adjustments to reconcile profit (loss) Depreciation charges on property, plant and equipment Depreciation charges on right-of-use assets Depreciation charges on investment property Amortization charges on intangible assets Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9) Net gain on financial assets at fair value through profit or loss Allowance for inventory valuation losses Interest expense Interest income Dividend income Share of profit of associates accounted for under equity method (Loss) gain on disposal of property, plant and equipment and investment property Gain on disposal of investments Gain on remeasurement of investments at fair value that were previously accounted for using equity method Gain on lease modification Changes in operating assets and liabilities Changes in operating assets Notes and accounts receivable Other receivables Inventories Prepayments Long-term notes and overdue receivables Long-term lease receivables Changes in operating liabilities Notes and accounts payable Other payables Other current liabilities Other non-current liabilities Cash inflow (outflow) generated from operations Dividends received from investments accounted for under equity method Interest paid Interest received Dividends received Income taxes paid Net cash flows from (used in) operating activities

YearendedDecember 31 Notes 2023 2022 $ 10,516,748 $ 20,274,795 6(31) 308,713 299,072 6(31) 276,577 243,641 6(31) 33,202 35,019 6(31) 53,973 43,038 12(2) 538,612 249,419 6(29) ( 2,075 ) ( 2,113 ) 6(8) 93,959 412,607 6(30) 2,027,553 1,435,728 6(27) ( 817,777 ) ( 323,504 ) 6(28) ( 536,561 ) ( 396,196 ) 6(9) ( 1,565,228 ) ( 2,440,589 ) 6(29) ( 2,094 ) ( 11,865 ) 6(29) ( 7,086 ) - 6(29) - ( 8,345,108 ) 6(11) ( 1,465 ) ( 194 ) ( 663,436 ) 6,337,922 970,225 ( 951,770 ) 4,062,258 ( 9,998,788 ) ( 968,504 ) ( 1,384,929 ) ( 401,256 ) ( 227,130 ) ( 32,174 ) 25,914 4,097,161 ( 18,229,011 ) 272,933 404,236 301,061 ( 550,190 ) 1,214 ( 150,637 ) 18,556,533 ( 13,250,633 ) 972,695 1,231,421 ( 2,027,553 ) ( 1,435,728 ) 817,777 323,504 536,561 396,196 ( 2,744,445 ) ( 2,353,130 ) 16,111,568 ( 15,088,370 )

(Continued)

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

CASH FLOWS FROM INVESTING ACTIVITIES Decrease in financial assets at fair value through profit or loss Proceeds from disposal of non-current financial assets at fair value through other comprehensive income Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Acquisition of investment property Acquisition of intangible assets Increase in time deposits maturing within three months to a year Decrease in time deposits maturing within three months to a year Increase in restricted time deposits Decrease in restricted time deposits Increase in refundable deposits Decrease in refundable deposits Increase in other non-current assets Net cash flows (used in) from investing activities CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in short-term borrowings Increase (decrease) in short-term notes and bills payable Increase in long-term borrowings Decrease in long-term borrowings Increase in guarantee deposits received Decrease in guarantee deposits received Payments of lease liabilities Acquisition of additional shares in subsidiary Cash dividends paid Cash dividends paid by subsidiaries to non-controlling interests Net cash flows (used in) from financing activities Effects of changes in foreign exchange rates Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year

YearendedDecember 31 Notes 2023 2022 ($ 355,146 ) $ 2,046,087 1,189,856 205,134 6(10) ( 1,036,173 ) ( 303,737 ) 37,185 26,732 6(13) ( 6,955 ) ( 1,795 ) 6(14) ( 14,419 ) ( 20,362 ) ( 61,088 ) ( 239,420 ) 62,138 238,370 ( 69 ) ( 838,223 ) 68,520 1,405,918 ( 59,783 ) ( 36,394 ) 61,249 36,369 8,129 ( 27,049 ) ( 106,556 ) 2,491,630 6(36) ( 21,340,661 ) 19,987,377 6(36) 2,670,000 ( 7,630,000 ) 6(36) 32,790,000 17,400,000 6(36) ( 25,820,000 ) ( 3,000,000 ) 6(36) 264,195 697,267 6(36) ( 256,028 ) ( 694,006 ) 6(36) ( 180,369 ) ( 188,997 ) 6(35) - ( 20,944 ) 6(36) ( 5,837,814 ) ( 8,339,735 ) ( 299,740 ) ( 476,952 ) ( 18,010,417 ) 17,734,010 ( 1,320,611 ) 2,292,057 ( 3,326,016 ) 7,429,327 14,482,285 7,052,958 $ 11,156,269 $ 14,482,285

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

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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, EXCEPT AS OTHERWISE INDICATED)

1. HISTORY AND ORGANISATION

Synnex Technology International Corporation (the “Company”) was incorporated in 1988 under the provisions of the Company Act of the Republic of China (R.O.C.). The Company and its subsidiaries (collectively referred herein as the “Group”) are primarily engaged in:

• A. Assembly and sale of computers and computer peripherals;

• B. Sale of communication products;

• C. Sale of consumer electronic products;

• D. Sale of semiconductor products;

• E. Warehouse and logistics services; and

• F. Maintenance and technical services for the products mentioned above.

The Company’s shares have been traded on the Taiwan Stock Exchange since December 1995.

2. THE DATE OF AUTHORISATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORISATION

These consolidated financial statements were reported to the Board of Directors on March 13, 2024.

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS[®] ”) Accounting Standards that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by the FSC and became effective from 2023 are as follows:

2023 are as follows:
New Standards, Interpretations and Amendments Amendments to IAS 1, ‘Disclosure of accounting policies’ Amendments to IAS 8, ‘Definition of accounting estimates’ Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’ Amendments to IAS 12, ‘International tax reform - pillar two model rules’	Effective date by International Accounting Standards Board
	January 1, 2023 January 1, 2023 January 1, 2023 May 23, 2023

Except for the following, the above standards and interpretations have no significant impact to the Group’s consolidated financial condition and consolidated financial performance based on the Group’s assessment.

Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’ The amendments require an entity to recognise deferred tax on particular transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences.

Upon adoption, the Group expects to recognise a deferred tax asset and liability for all deductible and taxable temporary differences associated with right-of-use assets and lease liabilities retrospectively

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as of January 1, 2022. These amendments resulted to an increase in deferred tax assets by $95,881, $116,200 and $150,001 and deferred tax liabilities by $95,881, $116,200 and $150,001 as of December 31, 2023, January 1, 2022 and December 31, 2022, respectively.

(2) Effect of new issuances of or amendments to IFRS Accounting Standards as endorsed by the FSC but not yet adopted by the Group

New standards, interpretations and amendments endorsed by the FSC and will become effective from 2024 are as follows:

2024 are as follows:
	Effective date by
	International Accounting
New Standards, Interpretations and Amendments	Standards Board
Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’	January 1, 2024
Amendments to IAS 1, ‘Classification of liabilities as current or non-	January 1, 2024
current’
Amendments to IAS 1, ‘Non-current liabilities with covenants’	January 1, 2024
Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’	January 1, 2024

The above standards and interpretations have no significant impact to the Group’s consolidated financial condition and consolidated financial performance based on the Group’s assessment.

(3) IFRS Accounting Standards is used by IASB but not yet endorsed by the FSC

New standards, interpretations and amendments issued by IASB but not yet included in the IFRS Accounting Standards as endorsed by the FSC are as follows:

Accounting Standards as endorsed by the FSC are as follows:
New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ IFRS 17, ‘Insurance contracts’ Amendments to IFRS 17, ‘Insurance contracts’ Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9－ comparative information’ Amendments to IAS 21, ‘Lack of exchangeability’	To be determined by International Accounting Standards Board January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2025

The above standards and interpretations have no significant impact to the Group’s consolidated financial condition and consolidated financial performance based on the Group’s assessment.

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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

The consolidated financial statements of the Group have been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the FSC (collectively referred herein as the “ IFRSs”).

(2) Basis of preparation

• A. Except for the following items, these consolidated financial statements have been prepared under the historical cost convention:

• (a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.

• (b) Financial assets and liabilities at fair value through other comprehensive income.

• (c) Defined benefit liabilities recognised based on the net amount of pension fund assets less present value of defined benefit obligation.

• B. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

(3) Basis of consolidation

• A. Basis for preparation of consolidated financial statements:

• (a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries.

• (b) Inter-company transactions, balances and unrealised gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group.

• (c) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests. Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the noncontrolling interests having a deficit balance.

• (d) Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary (transactions with non-controlling interests) are accounted for as equity transactions, i.e. transactions with owners in their capacity as owners. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity.

• (e) When the Group loses control of a subsidiary, the Group remeasures any investment retained

~24~

in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognised in profit or loss. All amounts previously recognised in other comprehensive income in relation to the subsidiary are reclassified to profit or loss on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognised in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of. B. Subsidiaries included in the consolidated financial statements:

Name of investor	Name of subsidiary	Main business Activities	Ownership(%) December 31, 2023 December 31, 2022 100 100 100 100 100 100 100 100 100 100 100 100 100 100 50 50 100 100 100 100 100 100 100 100	Description
Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synergy Intelligent Logistics Corporation E-Fan Investments CO., LTD. Bestcom Infotech Corp.	Synnex Global Ltd. Seper Technology Corporation E-Fan Investments CO., LTD. Synergy Intelligent Logistics Corporation Synergy Technology Services Corporation Bestcom Infotech Corp. Syntech Asia Ltd. PT. Synnex Metrodata Indonesia and subsidiaries Synnex Technology International (HK) Ltd. and subsidiaries Synergy Intelligent Logistics (HK) Corporation Leveltech Ltd. Bizwave Tech Co., Ltd.	Investment holding Sales of 3C products Investment holding Warehouse and logistics services Maintenance and technical services Sales of 3C products Sales of semiconductor products Sales of 3C products Sales of 3C products Warehouse and logistics services Sales of semiconductor products Sales of 3C products		- - - - Note 1 - Note 2 Note 3 Note 4 Note 5 Note 6 -

~25~

Name of investor	Name of subsidiary	Main business Activities	Ownership(%) December 31, 2023 December 31, 2022 100 100 100 100 100 100 100 100 100 100 - 100 100 100 100 100 - - - - 100 100 100 100 - - - - 100 100 - - 100 100 - - 100 100 100 100	Description
Synnex Global Ltd. Synnex Global Ltd. Synnex Global Ltd. Synnex Global Ltd. Synnex Global Ltd. King’s Eye Investments Ltd. King’s Eye Investments Ltd. King’s Eye Investments Ltd. King’s Eye Investments Ltd. King’s Eye Investments Ltd. King’s Eye Investments Ltd. King’s Eye Investments Ltd. King’s Eye Investments Ltd. Laser Computer Holdings Ltd. Peer Developments Ltd. Peer Developments Ltd. Synnex China Holdings Ltd. Synnex China Holdings Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd.	King’s Eye Investments Ltd. Peer Developments Ltd. Synnex Mauritius Ltd. Synnex China Holdings Ltd. Trade Vanguard Global Ltd. Laser Computer Holdings Ltd. Synnex Australia Pty. Ltd. Synnex New Zealand Ltd. Synnex Electronics Hong Kong Ltd. Syntech Asia Ltd. Fortune Ideal Ltd. Golden Thinking Ltd. PT. Synnex Metrodata Indonesia and subsidiaries Synnex Technology International (HK) Ltd. and subsidiaries LianXiang Technology (Shenzhen) Ltd. Synergy Intelligent Logistics (HK) Corporation Synnex Investments (China) Ltd. Leveltech Ltd. Synnex Distributions (China) Ltd. Synnex (Beijing) Ltd.	Investment holding Investment holding Investment holding Investment holding Investment holding Investment holding Sales of 3C products Sales of 3C products Sales of semiconductor products Sales of semiconductor products Real estate investments Real estate investments Sales of 3C products Sales of 3C products Sales of semiconductor products Warehouse and logistics services Investment holding Sales of semiconductor products Sales of 3C products Warehouse and logistics services		- - - - - Note 7 - - Note 8 Note 2 - - Note 3 Note 4 - Note 5 - Note 6 - -

~26~

Name of investor	Name of subsidiary	Main business Activities
Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. Synnex Investments (China) Ltd.

~27~

Name of investor	Name of subsidiary	Main business Activities
Synnex Investments (China) Ltd.

Aside from the subsidiaries, Fortune Ideal Ltd. and Golden Thinking Ltd. were audited by other independent auditors, remaining subsidiaries were audited by the Company’s appointed independent auditors.

• Note 1: The Company’s subsidiary, Synergy Technology Services Corporation( 通盛科技服務股

  • 份有限公司 ), formerly named as Synergy Technology Services Corporation( 通達技術 服務股份有限公司 ), completed the registration for the change in May 2023.

• Note 2: The Group’s investment was restructured, and Syntech Asia Ltd. was changed to be directly held by the Company in November 2022.

• Note 3: The Group’s investment was restructured, and PT. Synnex Metrodata Indonesia and its subsidiaries were changed to be directly held by the Company in November 2022.

• Note 4: The Group’s investment was restructured, and Synnex Technology International (HK) Ltd. and its subsidiaries were changed to be directly held by the Company in November 2022.

• Note 5: The Group’s investment was restructured, and Synergy Intelligent Logistics (HK) Corporation was changed to be directly held by the Company’s subsidiary, Synergy Intelligent Logistics Corporation, in November 2022.

• Note 6: The Group’s investment was restructured, and Leveltech Ltd. was changed to be directly held by the Company’s subsidiary, E-Fan Investments CO., LTD., in November 2022.

• Note 7: Laser Computer Holdings Ltd., was dissolved as resolved by the Board of Directors in October 2023, and its registration was cancelled in November 2023.

• Note 8: Synnex Electronics Hong Kong Ltd., was dissolved as resolved by the Board of Directors in July 2022, and its registration was cancelled in October 2022.

• Note 9: Yude (Shanghai) Warehouse Co., Ltd. was dissolved as resolved by the Board of Directors in August 2022, and its registration was cancelled in December 2022.

• C. Subsidiaries not included in the consolidated financial statements: None.

• D. Adjustments for subsidiaries with different balance sheet dates: None.

• E. Significant restrictions: None.

• F. Subsidiaries that have non-controlling interests that are material to the Group: None.

(4) Foreign currency translation

Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The Company’s functional currency is NTD and the subsidiaries’ functional currencies are NTD, RMB, USD, HKD, AUD, NZD and IDR. The consolidated financial statements are presented in NTD, which is the Company’s functional and the Group’s presentation currency. A. Foreign currency transactions and balances

• (a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognised in profit or loss in the period in which they arise.

• (b) Monetary assets and liabilities denominated in foreign currencies at the period end are retranslated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognised in profit or loss.

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• (c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in other comprehensive income. However, nonmonetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions.

• (d) All foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’.

• B. Translation of foreign operations

• (a) The operating results and financial position of all the group entities and associates that have a functional currency different from the presentation currency are translated into the presentation currency as follows:

  • i. Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet;

  • ii. Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and

  • iii. All resulting exchange differences are recognised in other comprehensive income.

• (b) When the foreign operation partially disposed of or sold is an associate, exchange differences that were recorded in other comprehensive income are proportionately reclassified to profit or loss as part of the gain or loss on sale. In addition, even when the Group retains partial interest in the former foreign associate after losing significant influence over the former foreign associate, such transactions should be accounted for as disposal of all interest in the foreign operation.

• (c) When the foreign operation partially disposed of or sold is a subsidiary, cumulative exchange differences that were recorded in other comprehensive income are proportionately transferred to the non-controlling interest in this foreign operation. In addition, even when the Group retains partial interest in the former foreign subsidiary after losing control of the former foreign subsidiary, such transactions should be accounted for as disposal of all interest in the foreign operation.

(5) Classification of current and non-current items

• A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets:

• (a) Assets arising from operating activities that are expected to be realised, or are intended to be sold or consumed within the normal operating cycle;

• (b) Assets held mainly for trading purposes;

• (c) Assets that are expected to be realised within twelve months from the balance sheet date;

• (d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to settle liabilities more than twelve months after the balance sheet date.

• B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:

• (a) Liabilities that are expected to be settled within the normal operating cycle;

• (b) Liabilities arising mainly from trading activities;

• (c) Liabilities that are to be settled within twelve months from the balance sheet date;

• (d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the

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counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

(6) Cash equivalents

Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

(7) Financial assets at fair value through profit or loss

• A. Financial assets at fair value through profit or loss are financial assets that are not measured at amortised cost or fair value through other comprehensive income.

• B. On a regular way purchase or sale basis, financial assets at fair value through profit or loss are recognised and derecognised using trade date accounting.

• C. At initial recognition, the Group measures the financial assets at fair value and recognises the transaction costs in profit or loss. The Group subsequently measures the financial assets at fair value and recognises the gain or loss in profit or loss.

• D. The Group recognises the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.

(8) Financial assets at fair value through other comprehensive income

• A. Financial assets at fair value through other comprehensive income comprise equity securities which are not held for trading, and for which the Group has made an irrevocable election at initial recognition to recognise changes in fair value in other comprehensive income.

• B. On a regular way purchase or sale basis, financial assets at fair value through other comprehensive income are recognised and derecognised using trade date accounting.

• C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. The Group subsequently measures the financial assets at fair value. The changes in fair value of equity investments that were recognised in other comprehensive income are reclassified to retained earnings and are not reclassified to profit or loss following the derecognition of the investments. Dividends are recognised as revenue when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.

(9) Financial assets at amortised cost

• A. Financial assets at amortised cost are those that meet all of the following criteria:

• (a) The objective of the Group’s business model is achieved by collecting contractual cash flows.

• (b) The assets’ contractual cash flows represent solely payments of principal and interest.

• B. On a regular way purchase or sale basis, financial assets at amortised cost are recognised and derecognised using trade date accounting.

• C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognised in profit or loss when the asset is derecognised or impaired.

• D. The Group’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial.

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(10) Accounts and notes receivable

• A. Accounts and notes receivable entitle the Group a legal right to receive consideration in exchange for transferred goods or rendered services.

• B. The short-term accounts and notes receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.

(11) Impairment of financial assets

For financial assets at amortised cost and lease receivables, at each reporting date, the Group recognises the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognizes the impairment provision for lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Group recognises the impairment provision for lifetime ECLs.

(12) Derecognition of financial assets

The Group derecognises a financial asset when one of the following conditions is met:

• A. The contractual rights to receive the cash flows from the financial asset expire.

• B. The contractual rights to receive cash flows of the financial asset have been transferred and the Group has transferred substantially all risks and rewards of ownership of the financial asset.

• C. The contractual rights to receive cash flows of the financial asset have been transferred; however, the Group has not retained control of the financial asset.

• －

• (13) Leasing arrangements (lessor) lease receivables/operating leases

• A. Based on the terms of a lease contract, a lease is classified as a finance lease if the lessee assumes substantially all the risks and rewards incidental to ownership of the leased asset.

  • (a) At commencement of the lease term, the lessor should record a finance lease in the balance sheet as ‘lease receivables’ at an amount equal to the gross investment in the lease (including initial direct costs). The difference between gross lease receivable and the present value of the receivable is recognised as ‘unearned finance income of finance lease’.

  • (b) The lessor should allocate finance income over the lease term based on a systematic and rational basis reflecting a constant periodic rate of return on the lessor’s net investment in the finance lease.

  • (c) Lease payments (excluding costs for services) during the lease term are applied against the gross investment in the lease to reduce both the principal and the unearned finance income.

• B. Lease income from an operating lease (net of any incentives given to the lessee) is recognised in profit or loss on a straight-line basis over the lease term.

(14) Inventories

• A. Cost is determined using the weighted-average method. Cost of inventory purchases includes purchasing price, import taxes and all the related costs involved in the process of obtaining inventory. Discounts, allowances and etc. shall be deducted from the cost of inventory purchases. The purchase discount granted by the suppliers is estimated based on the agreed conditions and expected fulfillment conditions agreed between different suppliers, and the recognised amount is limited to the part that is highly likely to not have a significant reversal in the future. Relevant estimated amounts receivable from suppliers as of the balance sheet date are recognised as other receivables.

• B. Inventories are stated at the lower of cost and net realisable value. The item by item approach is used in applying the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs necessary to make the

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sale.

• (15) Investments accounted for using equity method / associates

• A. Associates are all entities over which the Group has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for using the equity method and are initially recognised at cost.

• B. The Group’s share of its associates’ post-acquisition profits or losses is recognised in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognised in other comprehensive income. When the Group’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.

• C. When changes in an associate’s equity do not arise from profit or loss or other comprehensive income of the associate and such changes do not affect the Group’s ownership percentage of the associate, the Group recognises change in ownership interests in the associate in ‘capital surplus’ in proportion to its ownership.

• D. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been adjusted where necessary to ensure consistency with the policies adopted by the Group.

• E. In the case that an associate issues new shares and the Group does not subscribe or acquire new shares proportionately, which results in a change in the Group’s ownership percentage of the associate but maintains significant influence on the associate, then ‘capital surplus’ and ‘investments accounted for under the equity method’ shall be adjusted for the increase or decrease of its share of equity interest. If the above condition causes a decrease in the Group’s ownership percentage of the associate, in addition to the above adjustment, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately on the same basis as would be required if the relevant assets or liabilities were disposed of.

• F. Upon loss of significant influence over an associate, the Group remeasures any investment retained in the former associate at its fair value. Any difference between fair value and carrying amount is recognised in profit or loss.

• G. When the Group disposes of its investment in an associate and loses significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss on the same basis as would be required if the relevant assets or liabilities were disposed of. If it retains significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.

• H. When the Group disposes of its investment in an associate and loses significant influence over this associate, the amounts previously recognised as capital surplus in relation to the associate are transferred to profit or loss. If it retains significant influence over this associate, the amounts previously recognised as capital surplus in relation to the associate are transferred to profit or loss proportionately.

(16) Property, plant and equipment

• A. Property, plant and equipment are initially recorded at cost. Borrowing costs incurred during the construction period are capitalised.

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• B. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.

• C. Land is not depreciated. Other property, plant and equipment apply cost model and are depreciated using the straight-line method to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately.

• D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change.

The estimated useful lives of property, plant and equipment are as follows:

Buildings and structures 20 - 50 years Utilities equipment 7 - 15 years Computer equipment 3 - 7 years Transportation equipment 10 years Furniture and fixtures 5 years Tools 5 - 20 years Leasehold improvements 3 years

(17) Leasing arrangements (lessee) － right-of-use assets/lease liabilities

• A. Leases are recognised as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of lowvalue assets, lease payments are recognised as an expense on a straight-line basis over the lease term.

• B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are comprised of fixed payments, less any lease incentives receivable. The Group subsequently measures the lease liability at amortised cost using the interest method and recognises interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognised as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications.

• C. At the commencement date, the right-of-use asset is stated at cost comprising the following: (a) The amount of the initial measurement of lease liability; and (b) Any lease payments made at or before the commencement date.

• The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognised as an adjustment to the right-of-use asset.

• D. For lease modifications that decrease the scope of the lease, the lessee shall decrease the carrying amount of the right-of-use asset to reflect the partial or full termination of the lease and recognise

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the difference from remeasured lease liability in profit or loss.

(18) Investment property

An investment property is stated initially at its cost and measured subsequently using the cost model. Except for land, investment property is depreciated on a straight-line basis over its estimated useful life. The estimated useful lives of investment property are as follows:

Buildings and structures 20 - 50 years Utilities equipment 7 - 15 years

(19) Intangible assets

• A. Computer software

• Computer software is stated at cost and amortised on a straight-line basis over its estimated useful life of 3 to 7 years.

• B. Goodwill

Goodwill arises in a business combination accounted for by applying the acquisition method.

(20) Impairment of non-financial assets

• A. The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. Except for goodwill, when the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortised historical cost would have been if the impairment had not been recognised.

• B. The recoverable amount of goodwill is evaluated periodically. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognised in profit or loss shall not be reversed in the following years.

• C. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units, or groups of cash-generating units, that is/are expected to benefit from the synergies of the business combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored at the operating segment level.

(21) Borrowings

Borrowings comprise long-term and short-term bank borrowings. Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method.

(22) Notes and accounts payable

• A. Accounts payable are liabilities for purchases of goods or services and notes payable are those resulting from operating and non-operating activities.

• B. The short-term notes and accounts payable without bearing interest are subsequently measured

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at initial invoice amount as the effect of discounting is immaterial.

(23) Financial liabilities at fair value through profit or loss

• A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorised as financial liabilities held for trading unless they are designated as hedges.

• B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognised in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognised in profit or loss.

(24) Derecognition of financial liabilities

A financial liability is derecognised when the obligation specified in the contract is either discharged or cancelled or expires.

• (25) Offsetting financial instruments

Financial assets and liabilities are offset and reported in the net amount in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

(26) Non-hedging and embedded derivatives

Non-hedging derivatives are initially recognised at fair value on the date a derivative contract is entered into and recorded as financial assets or financial liabilities at fair value through profit or loss. They are subsequently remeasured at fair value and the gains or losses are recognised in profit or loss.

(27) Provisions

Provisions (mainly warranty provisions) are recognised when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation on the balance sheet date, which is discounted using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. When discounting is used, the increase in the provision due to passage of time is recognised as interest expense. Provisions are not recognised for future operating losses.

(28) Employee benefits

A. Short-term employee benefits

Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognised as expense in that period when the employees render service.

• B. Pensions

• (a) Defined contribution plans

For defined contribution plans, the contributions are recognised as pension expense when they are due on an accrual basis. Prepaid contributions are recognised as an asset to the extent of a cash refund or a reduction in the future payments.

• (b) Defined benefit plans

• i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Group in current period or prior periods. The liability recognised in the balance sheet in

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respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of government bonds (at the balance sheet date) of a currency and term consistent with the currency and term of the employment benefit obligations.

  - ii. Remeasurements arising on defined benefit plans are recognised in other comprehensive income in the period in which they arise and recorded as retained earnings.

  - iii. Past service costs are recognised immediately in profit or loss.

• C. Termination benefits

• Termination benefits are employee benefits provided in exchange for the termination of employment as a result from either the Group’s decision to terminate an employee’s employment before the normal retirement date, or an employee’s decision to accept an offer of redundancy benefits in exchange for the termination of employment. The Group recognises expense as it can no longer withdraw an offer of termination benefits or as it recognises relating restructuring costs, whichever is earlier. Benefits that are expected to be due more than 12 months after balance sheet date shall be discounted to their present value.

• D. Employees’ compensation and directors’ remuneration

• Employees’ compensation and directors’ and supervisors’ remuneration are recognised as expenses and liabilities, provided that such recognition is required under legal or constructive obligation and those amounts can be reliably estimated. Any difference between the subsequently resolved distributed amounts and the estimated amounts is accounted for as changes in estimates. If employee compensation is paid by shares, the Group calculates the number of shares based on the closing price at the previous day of the board meeting resolution.

(29) Income tax

• A. The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or items recognised directly in equity, in which cases the tax is recognised in other comprehensive income or equity.

• B. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.

• C. Deferred tax is recognised, using the balance sheet method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. However, the deferred tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled.

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• D. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. At each balance sheet date, unrecognised and recognised deferred tax assets are reassessed.

• E. Current income tax assets and liabilities are offset and the net amount is reported in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realise the asset and settle the liability simultaneously.

(30) Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds.

(31) Dividends

Cash dividends were recorded as liabilities in the Company’s financial statements after the special resolution of the Board of Directors in accordance with Articles of Incorporation. Stock dividends are recorded as stock dividends to be distributed when they are resolved by the Company’s shareholders and are reclassified to ordinary shares on the effective date of new shares issuance.

(32) Revenue recognition

• A. Sales of goods

• (a) The Group sells information, communication, semiconductor and consumer electronic products. Sales are recognised when control of the products has transferred, being when the products are delivered to the customer, the customer has full discretion over the channel and price to sell the products, and there is no unfulfilled obligation that could affect the customer’s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, or the Group has objective evidence that all criteria for acceptance have been satisfied.

• (b) Revenue from these sales is recognised based on the price specified in the contract, net of the estimated sales return, volume discounts, sales discounts and allowances. The estimated volume discounts, sales discounts and allowances given to customers are based on the expected purchase volume and accumulated experience. A refund liability is recognised for expected sales return, volume discounts, sales discounts and allowances payable to customers in relation to sales made until the end of the reporting period. Revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. The estimation is subject to an assessment at each reporting date.

• (c) The sales are usually made with a credit term of advance sales receipts, 1 to 180 days after the receipt of shipment and 5 day to 150 days after monthly billings. For those contracts which the Group entered into with customers, as the time interval between the transfer of committed goods or service and the payment of customer does not exceed one year, the Group does not adjust the transaction price to reflect the time value of money.

• (d) The Group’s obligation to provide a refund for faulty products under the standard warranty terms is recognised as a provision.

• (e) A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

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B. Service revenue

The Group provides services of inventory management, installation and maintenance services. Revenue from providing services is recognised in the accounting period in which the services are rendered.

C. Rental revenue

The Group is engaged in the leasing business of computers, computer peripheral equipment and office buildings. The leases are classified as finance leases when the lease terms refer that significant risks and rewards are transferred to the lessees. The rest of leases are classified as operating leases. The Group’s leasing business belongs to operating leases. Income of operating leases is recognised as income on a straight-line basis over lease term.

(33) Government grants

Government grants are recognised at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises expenses for the related costs for which the grants are intended to compensate.

(34) Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Group’s chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Board of Directors that makes strategic decisions.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

The preparation of these consolidated financial statements requires management to make critical judgements in applying the Group’s accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the information is addressed below:

• (1) Critical judgements in applying the Group’s accounting policies Revenue recognition on a net/gross basis

The Group determines whether the nature of its performance obligation is to provide the specified goods or services itself (i.e. the Group is a principal) or to arrange for the other party to provide those goods or services (i.e. the Group is an agent) based on the transaction model and its economic substance. The Group is a principal if it controls a promised good or service before it transfers the good or service to a customer. The Group recognises revenue at gross amount of consideration to which it expects to be entitled in exchange for those goods or services transferred. The Group is an agent if it does not control a promised good or service before the good or service is transferred to a customer. The Group recognises revenue at the amount of any fee or commission to which it expects to be entitled in exchange for arranging for the other party to provide its goods or services. Indicators that the Group controls the good or service before it is provided to a customer include the following:

• A. The Group is primarily responsible for the provision of goods or services;

• B. The Group assumes the inventory risk before transferring the specified goods or services to the customer or after transferring control of the goods or services to the customer; and

• C. The Group has discretion in establishing prices for the goods or services.

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• (2) Critical accounting estimates and assumptions

• A. Assessment of allowance for uncollectible accounts receivable

  • During the assessment process of allowance for uncollectible accounts receivable, the Group has to utilize judgements and estimates to determine the recoverable amount of accounts receivable. The recoverable amount is affected by various factors such as customers’ financial conditions, Group’s internal credit ratings, historical transaction records, current economic conditions, and other factors that could affect customers’ paying ability. If there is a concern regarding the collectability of the account, the Group shall assess the account’s collectability individually and recognize appropriate allowances. Management makes critical assumptions and estimates concerning future events as of balance sheet date, which may differ from actual results. Thus, there might be material changes to the assessment.

• B. Evaluation of inventories

  • As inventories are stated at the lower of cost or net realizable value, the Group must determine the net realizable value of inventories on balance sheet date using judgements and estimates. Due to the rapid technology innovation, the Group evaluates the amounts of normal inventory consumption, obsolete inventories or inventories without market value on balance sheet date, and writes down the cost of inventories to the net realizable value. Such evaluation of inventories is primarily based on the market conditions and historical sales experience on the balance sheet date. Therefore, there might be material changes to the evaluation.

• C. Accrual of inventory purchase rebates

  • Accrual of inventory purchase rebates is estimated based on contract terms and expected achievement rate. However, contract terms for rebates could be in various types, with complicated calculations and entered into with different counterparties. Therefore, a substantial volume of purchase and sale information has to be matched with individual merchandise item manually in order to calculate rebates. Management makes critical assumptions and estimates concerning future events as of balance sheet date, which may differ from actual results. Thus, there might be changes to the assessment.

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

TAILS OF SIGNIFICANT ACCOUNTS Cash and cash equivalents
Cash on hand and revolving funds Checking accounts and demand deposits Time deposits	December31,2023 428 $ 10,881,963 273,878 11,156,269 $	December31,2022
		485 $ 12,053,986 2,427,814
		14,482,285 $

• A. The Group transacts with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote.

• B. For information regarding cash and cash equivalents pledged as collateral and reclassified as financial assets at amortised cost, please refer to Notes 6(4) and 8.

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(2) Financial assets and liabilities at fair value through profit or loss

Current items: Financial assets mandatorily measured at fair value through profit or loss Listed stocks Private equity fund investment Financial products Valuation adjustment Financial liabilities held for trading Non-hedging derivatives－forward exchange	December31,2023 23,806 $ 26,821 355,146 405,773 198,166 603,939 $ 426 $	December31,2022 23,807 $ - - 23,807 157,875 181,682 $
		4,484 $

• A. Amounts recognised in profit or loss in relation to financial assets and liabilities at fair value through profit or loss are listed below:

through profit or loss are listed below:
		Year ended		Year ended
	December 31, 2023		December 31, 2022
Financial assets and liabilities at fair value through
profit or loss
–Financial products	$	3,136	$	54,065
–Equity instruments		41,241	(	26,293)
–Derivatives	(	42,302)	(	25,659)
	$	2,075	$	2,113

• B. The Group entered into contracts relating to derivative financial instruments which were not accounted for under hedge accounting. The information is listed below:

The subsidiaries	Nominal Principal Items Book Value (in thousands) Forward exchange - buy USD sell IDR 632) ($ 3,900 USD Forward exchange - buy RMB sell IDR 206 8,300 RMB Option contract - buy USD sell IDR - 10,000 USD 426) ($ December31,2023	December31,2023	December31,2023
			Nominal Principal (in thousands)
PT. Synnex Metrodata Indonesia PT. Synnex Metrodata Indonesia PT. Synnex Metrodata Indonesia			3,900 USD 8,300 RMB 10,000 USD

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				December	31,2022
					Nominal
					Principal
The subsidiaries	Items		BookValue		(in thousands)
Synnex New Zealand	Forward exchange - buy USD sell NZD	($		2)	90 USD
Synnex Global Limited	Forward exchange - buy RMB sell USD	(		4,482)	RMB 279,908
		($		4,484)

The Group undertook forward exchange contracts to hedge risks of foreign currency assets and liabilities arising from fluctuations in exchange rates. However, these forward exchange contracts are not accounted for under hedge accounting.

• C. The Group has no financial assets at fair value through profit or loss pledged to others as collateral. D. Information relating to credit risk is provided in Note 12(3).

(3) Financial assets at fair value through other comprehensive income

		December31,2023	December31,2023		December 31, 2022	December 31, 2022
Current items:
Equity instruments
Listed stocks		$	28,024,426		$	29,537,730
Valuation adjustment	(		5,817,408)	(		3,769,031)
		$	22,207,018		$	25,768,699
Non-current items:
Equity instruments
Listed stocks		$	835,880		$	835,880
Non-listed (TSE and OTC) stocks			2,044,270			2,044,281
Valuation adjustment			4,197,414			2,803,076
		$	7,077,564		$	5,683,237

• A. The Group has elected to classify share investments that are considered to be strategic investments as financial assets at fair value through other comprehensive income.

• B. Information relating to the Company’s financial assets at fair value through other comprehensive income recognised as comprehensive (loss) income is provided in the statement of comprehensive income.

• C. The Group has no financial assets at fair value through other comprehensive income pledged to others as collateral.

• D. Information relating to fair value is provided in Note 12(3).

(4) Financial assets at amortised cost

Financial assets at amortised cost
Current items: Time deposits maturing within three months to a Pledged time deposits Non-current items: Pledged time deposits	December31,2023 - $ - - $ 803,361 $	December31,2022
		1,050 $ 5,634
		6,684 $
		868,178 $

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• A. Information on interest income recognised from financial assets measured at amortised cost is provided in Note 6(27).

• B. Details of the Group’s financial assets at amortised cost pledged to others as collateral are provided in Note 8.

• C. The counterparties of the Group’s investments in certificates of deposits are financial institutions with high credit quality, so the Group expects that the probability of counterparty default is remote.

(5) Notes, accounts and overdue receivable

Notes, accounts and overdue receivable
		December31,2023			December31,2022
Notes receivable		$	5,520,367		$	6,862,856
Less: Allowance for uncollectible accounts	(		20,573)	(		20,744)
		$	5,499,794		$	6,842,112
Accounts receivable		$	73,587,262		$	71,893,768
Accounts receivable due from related parties			816,249			499,491
Lease receivables (expiring within one year)			124,299			127,349
			74,527,810			72,520,608
Less: Allowance for uncollectible accounts	(		214,327)	(		193,630)
			74,313,483			72,326,978
Overdue receivables (recorded as other			4,245,173			3,822,166
non-current assets)
Less: Allowance for uncollectible accounts	(		2,814,140)	(		2,373,023)
			1,431,033			1,449,143
		$	75,744,516		$	73,776,121

Overdue receivables consist primarily of amounts due from customers under bankruptcy proceedings and are stated at their estimated net realizable value. As of December 31, 2023 and 2022, the Group received certain security for a portion of the amounts due.

• A. The ageing analysis of notes receivable and accounts receivable (including related parties) is as follows:

follows:
Not past due Up to 60 days past due 61-120 days past due 121-180 days past due More than 181 days past due		December	31,2023
	Notes receivable 5,517,486 $ 2,881 - - - 5,520,367 $	Accounts receivable 64,092,798 $ 7,580,218 1,393,825 704,420 756,549 74,527,810 $	Overdue receivables - $ 56,214 30,156 58,152 4,100,651 4,245,173 $	Total
				69,610,284 $ 7,639,313 1,423,981 762,572 4,857,200
				84,293,350 $

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Not past due Up to 60 days past due 61-120 days past due 121-180 days past due More than 181 days past due	Notes receivable 6,862,856 $ - - - - 6,862,856 $	Accounts receivable 62,258,418 $ 7,229,507 1,799,015 789,698 443,970 72,520,608 $ December	Overdue receivables - $ 579 26,310 30,457 3,764,820 3,822,166 $ 31,2022	Total 69,121,274 $ 7,230,086 1,825,325 820,155 4,208,790
				83,205,630 $

The above ageing analysis was based on past due date.

• B. As of December 31, 2023, and 2022, accounts receivable and notes receivable were all from contracts with customers. And as of January 1, 2022, the balance of receivables from contracts with customers amounted to $89,215,559.

• C. Details of the Group’s accounts receivable pledged to others as collateral are provided in Note 8.

• D. Certain notes receivable were discounted to banks (pertaining to bankers acceptance). The Group has payment obligation when the acceptors (acceptance banks) of the notes refuse to pay the notes at maturity. However, if the credit rating of the aforesaid acceptors of the notes is high, in general, the Group does not expect that the acceptors of the notes would refuse to pay for the notes at maturity which met the derecognition criteria for financial assets. As of December 31, 2023, and 2022, the Group has derecognised notes receivable (pertaining to bankers acceptance) that were discounted to banks but not yet matured amounting to $118,774 and $544,983, respectively. As of December 31, 2023 and 2022, the Group had liabilities arising from discounted notes receivable amounting to $0 and $362,955, respectively, and was recorded under other payables.

• E. Lease receivables

  • Information relating to lease receivables is provided in Note 6(12).

• F. Information relating to credit risk of notes and accounts receivable is provided in Note 12(2).

• (6) Transfer of financial assets

Transferred financial assets that are derecognised in their entirety

The Group entered into factoring agreements with banks to sell its accounts receivable. Under the agreements, the Group is not obligated to bear the default risk of the transferred accounts receivable, but is liable for the losses incurred in any business dispute. The Group does not have any continuing involvement in the transferred accounts receivable. Thus, the Group derecognised the factored accounts receivable, and the related information is as follows:

(Unit: USD thousand)

accounts receivable, and the	related information is as follows:	related information is as follows:	(Unit: USD thousand)
	December31,2023
Accounts receivable transferred The Company 2,095,924 $ (USD 65,998) Subsidiaries 688,006 $ (USD 22,370)	Amount derecognized 2,095,924 $ (USD 65,998) 688,006 $ (USD 22,370)	Facilities USD 202,000 USD 115,000	Amount advanced
			2,095,924 $ (USD 65,998) 688,006 $ (USD 22,370)

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(Unit: USD thousand)

December 31, 2022

	Accounts receivable
	transferred	Amount	derecognized	Facilities	Amount advanced
The Company
$	571,103	$	571,103	USD 57,500	571,103 $
	(USD 18,491)		(USD 18,491)		(USD 18,491)
Subsidiaries
$	2,218,137	$	2,218,137	USD 115,000	2,218,137 $
	(USD 72,111)		(USD 72,111)		(USD 72,111)

• A. The counterparties of the Group’s accounts receivable factoring were domestic financial institutions. As of December 31, 2023, and 2022, the interest rate of amount advanced was 6.10%~6.46% and 3.37%~5.18%, respectively.

• B. As of December 31, 2023, and 2022, the commercial papers issued for accounts receivable factoring amounted to US$187,500 thousand and US$43,000 thousand, respectively.

(7) Other receivables

Other receivables
Receivables from suppliers Tax refund receivable－business tax Other non-operating receivables, others (including related parties)	December31,2023 5,687,736 $ 458,677 118,142 6,264,555 $	December31,2022
		6,510,285 $ 622,179 102,316
		7,234,780 $

(8) Inventories

Inventories
Merchandise inventories Inventory in transit Merchandise inventories Inventory in transit	December31,2023
	Allowance for Cost Valuation loss 53,375,729 $ 994,753) ($ 762,260 - 54,137,989 $ 994,753) ($ December31,2022	Bookvalue
		52,380,976 $ 762,260
		53,143,236 $
	Allowance for Cost Valuation loss 57,693,596 $ 900,794) ($ 506,651 - 58,200,247 $ 900,794) ($	Bookvalue
		56,792,802 $ 506,651
		57,299,453 $

• A. Information relating to inventories pledged to others as collaterals is provided in Note 8.

B. The cost of inventories recognised as expense for the period:

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Year ended December31,2023 Cost of inventories sold 378,297,947 $ Loss on decline in market value 93,959 378,391,906 $	Year ended December31,2022 406,294,594 $ 412,607 406,707,201 $

(9) Investments accounted for under equity method A. The details are as follows:

estments accounted for under equity The details are as follows:	method
Associates: Redington Limited (Note 2) Synnex FPT Joint Stock Company Synnex (Thailand) Public Company Ltd. Other	Book Shareholding value ratio 6,383,799 $ 24.13% 1,601,247 47.27% 1,442,279 40.00% 29,097 20%~40% 9,456,422 $ December31,2023	Book Shareholding value ratio 5,883,598 $ 24.13% 1,608,478 47.27% 1,443,353 40.00% 29,244 20%~40% 8,964,673 $ December31,2022
			24.13% 47.27% 40.00% 20%~40%

• B. The above investments, aside from Redington Limited and Synnex (Thailand) Public Company Ltd., are based on the profit/(loss) and share of other comprehensive income recognised under equity method in associate’s audited financial statements by the Company’s appointed independent auditors. Details are as follows:

Profit/(loss) of associates

			Year ended			Year ended
	December31,2023			December31,2022
Concentrix Corporation (Note 1)		$	-		$	432,077
Redington Limited (Note 2)			1,097,535			1,312,961
Synnex FPT Joint Stock Company			282,119			415,503
Synnex (Thailand) Public Company Ltd.			184,282			278,698
Other			1,292			1,350
		$	1,565,228		$	2,440,589
			Share ofother	comprehensive
			Year ended			Year ended
	December31,2023			December 31, 2022
Concentrix Corporation (Note 1)		$	-	($		166,769)
Redington Limited (Note 2)	(		345,247)			303,341
Synnex (Thailand) Public Company Ltd.	(		5,422)	(		15,948)
	($		350,669)		$	120,624

Note 1: The Group was initially one of the major shareholders of Concentrix Corporation. However, due to the decrease in influence, the Group lost its significant influence over Concentrix Corporation in July 2022. The Group derecognised investments accounted for using equity method at carrying amount on that day, and the investment was remeasured at fair value and was recognised in the financial assets at fair value through other comprehensive income. Accordingly, the differences were recognised as gain on disposal

~45~

of investment in the amount of US$275,676 thousand, approximately NT$8,345,108.

• Note 2: The Group’s investment was restructured in December 2022, thus, Redington Limited that was previously held by the Company through Synnex Mauritius Ltd. was changed to be directly held by the Company through a transaction at a price of IDR 32,145,486 thousand, equivalent to NT$ 11,963,644. Because the transaction is treated as an investment restructuring, it was accounted for using the book value method. The difference between the consideration paid by the Company and the book value of investments accounted for using the equity method held by Synnex Mauritius Ltd. holder was adjusted in shareholders’ equity interest account. The share subscriptions payable has been paid at full amount after February 2023.

C. Associates

All of the Group’s associates were individually immaterial. The carrying amount of the Group’s interests in all individually immaterial associates and the Group’s share of the operating results are summarized below:

• (a) As of December 31, 2023 and 2022, the carrying amount of the Group’s individually immaterial associates amounted to $9,456,421 and $8,964,673, respectively.

• (b) The Group’s share of the operating result is summarised below:

he Group’s share of the operating result is summarised below:
The fair value calculated proportionately based on ownership shares of the with quoted market prices is as follows: Year ended December31,2023 Profit for the period 1,565,228 $ Other comprehensive (loss) income, net of tax 350,669) ( Total comprehensive income 1,214,559 $ December31,2023 Redington Limited 12,330,137 $ Synnex (Thailand) Public Company Ltd. 3,153,324 $	Year ended December31,2022
	2,440,589 $ 120,624
	2,561,213 $
	Group’s associates December31,2022
	12,673,374 $
	4,946,009 $

• (c) The fair value calculated proportionately based on ownership shares of the Group’s associates with quoted market prices is as follows:

(Remainder of page intentionally left blank)

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(10) Property, plant and equipment

==> picture [725 x 235] intentionally omitted <==

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

2023
Construction
in progress
Computer Transportation Furniture and Leasehold and equipment
Land Buildings and structures Utilities equipment equipment equipment fixtures Tools improvements to be inspected Total
Owner Owner Owner Owner Owner Owner Owner Owner Owner
-occupied -occupied Lease Subtotal -occupied -occupied -occupied -occupied -occupied -occupied -occupied
At January 1
Cost $ 1,472,456 $ 4,056,238 $ 1,620,566 $ 5,676,804 $ 422,088 $ 216,771 $ 193,358 $ 88,264 $ 585,651 $ 103,635 $ 3,270,652 $ 12,029,679
Accumulated depreciation and impairment - ( 1,146,641) ( 305,288) ( 1,451,929) ( 232,770) ( 135,081) ( 86,209) ( 71,400) ( 235,556) ( 59,543) - ( 2,272,488)
$ 1,472,456 $ 2,909,597 $ 1,315,278 $ 4,224,875 $ 189,318 $ 81,690 $ 107,149 $ 16,864 $ 350,095 $ 44,092 $ 3,270,652 $ 9,757,191
Opening net book amount $ 1,472,456 $ 2,909,597 $ 1,315,278 $ 4,224,875 $ 189,318 $ 81,690 $ 107,149 $ 16,864 $ 350,095 $ 44,092 $ 3,270,652 $ 9,757,191
Additions 4,215 111,053 1,970 113,023 3,867 2,398 276 6,775 22,795 12,807 870,017 1,036,173
Disposals ( 1,662) ( 24,726) - ( 24,726) - ( 163) ( 1,681) - ( 934) ( 4,931) ( 995) ( 35,092)
Reclassifications - 487,514 ( 22,643) 464,871 16,283 3,099 6,024 7,363 202,693 18,383 ( 673,865) 44,851
Depreciation charge - ( 111,866) ( 37,503) ( 149,369) ( 36,773) ( 31,952) ( 17,546) ( 7,247) ( 43,044) ( 22,782) - ( 308,713)
Effect of exchange rate changes 1,930 ( 26,917) ( 25,435) ( 52,352) ( 2,943) ( 81) ( 12) 115 ( 484) ( 585) 596 ( 53,816)
Closing net book amount $ 1,476,939 $ 3,344,655 $ 1,231,667 $ 4,576,322 $ 169,752 $ 54,991 $ 94,210 $ 23,870 $ 531,121 $ 46,984 $ 3,466,405 $ 10,440,594
At December 31
Cost $ 1,476,939 $ 4,394,731 $ 1,559,250 $ 5,953,981 $ 427,038 $ 186,596 $ 175,464 $ 100,565 $ 681,236 $ 112,252 $ 3,466,405 $ 12,580,476
Accumulated depreciation and impairment - ( 1,050,076) ( 327,583) ( 1,377,659) ( 257,286) ( 131,605) ( 81,254) ( 76,695) ( 150,115) ( 65,268) - ( 2,139,882)
$ 1,476,939 $ 3,344,655 $ 1,231,667 $ 4,576,322 $ 169,752 $ 54,991 $ 94,210 $ 23,870 $ 531,121 $ 46,984 $ 3,466,405 $ 10,440,594
----- End of picture text -----

~47~

2022

At January 1 Cost Accumulated depreciation and impairment Opening net book amount Additions Disposals Reclassifications Depreciation charge Effect of exchange rate changes Closing net book amount At December 31 Cost Accumulated depreciation and impairment	Land Owner -occupied 1,444,237 $ - 1,444,237 $ 1,444,237 $ - 1,529) ( - - 29,748 1,472,456 $ 1,472,456 $ - 1,472,456 $	Owner -occupied Lease 3,935,891 $ 1,601,720 $ 1,035,263) ( 271,765) ( 2,900,628 $ 1,329,955 $ 2,900,628 $ 1,329,955 $ 48,760 163 97) ( - 6,324 2,546 104,954) ( 39,371) ( 58,936 21,985 2,909,597 $ 1,315,278 $ 4,056,238 $ 1,620,566 $ 1,146,641) ( 305,288) ( 2,909,597 $ 1,315,278 $ Buildings and structure	Subtotal 5,537,611 $ 1,307,028) ( 4,230,583 $ 4,230,583 $ 48,923 97) ( 8,870 144,325) ( 80,921 4,224,875 $ 5,676,804 $ 1,451,929) ( 4,224,875 $ s	Utilities equipment Owner -occupied 428,854 $ 219,107) ( 209,747 $ 209,747 $ 1,947 2,689) ( 12,654 37,068) ( 4,727 189,318 $ 422,088 $ 232,770) ( 189,318 $	Computer equipment Owner -occupied 270,128 $ 156,952) ( 113,176 $ 113,176 $ 8,349 77) ( - 40,316) ( 558 81,690 $ 216,771 $ 135,081) ( 81,690 $	Transportation equipment Owner -occupied 182,227 $ 84,905) ( 97,322 $ 97,322 $ - 5,333) ( 33,358 18,366) ( 168 107,149 $ 193,358 $ 86,209) ( 107,149 $	Furniture and fixtures Owner -occupied 79,859 $ 61,785) ( 18,074 $ 18,074 $ 6,417 - 946 9,042) ( 469 16,864 $ 88,264 $ 71,400) ( 16,864 $	Tools Owner -occupied 558,903 $ 195,915) ( 362,988 $ 362,988 $ 17,847 1,570) ( 2,130 40,538) ( 9,238 350,095 $ 585,651 $ 235,556) ( 350,095 $	Leasehold improvements Owner -occupied 69,502 $ 53,687) ( 15,815 $ 15,815 $ 26,391 2,939) ( 13,454 9,417) ( 788 44,092 $ 103,635 $ 59,543) ( 44,092 $	Construction in progress and equipment to be inspected Owner -occupied 3,076,245 $ - 3,076,245 $ 3,076,245 $ 193,863 633) ( 18,951) ( - 20,128 3,270,652 $ 3,270,652 $ - 3,270,652 $	Total
											11,647,566 $ 2,079,379) (
											9,568,187 $
											9,568,187 $ 303,737 14,867) ( 52,461 299,072) ( 146,745
											9,757,191 $
											12,029,679 $ 2,272,488) (
											9,757,191 $

~48~

• Note 1: The Group’s property in Nangang District, Taipei City has been under construction since February 2020 and was shown under construction in progress. Thus, for the years ended December 31, 2023 and 2022, the interest of property, plant and equipment has been capitalized. Amount of borrowing costs for property, plant and equipment capitalised and interest rate range are as follows:

interest rate range are as follows:
		Year ended		Year ended
	December31,2023		December31,2022
Amount capitalised	$	43,579	$	23,172
Range of the interest rates for capitalisation		1.74%~1.81%		0.82%~1.31%

• Note 2: Details of the Group’s property, plant and equipment pledged to others as collateral are provided in Note 8.

－ (11) Leasing arrangements lessee

• A. The Group leases various assets including land use rights and buildings. Rental contracts are typically made for periods of 1 to 10 years for buildings and 44 to 50 years for land use rights. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.

• B. The carrying amount of right-of-use assets and the depreciation charge are as follows:

			Land use rights			Buildings			Total
January 1, 2023		$	655,201		$	540,113		$	1,195,314
Additions			-			395,376			395,376
Depreciation charge	(		18,051)	(		258,526)	(		276,577)
Lease modifications			-	(		16,557)	(		16,557)
Early termination of leases			-	(		83,755)	(		83,755)
Effect of exchange rate changes	(		12,850)	(		14,441)	(		27,291)
December 31, 2023		$	624,300		$	562,210		$	1,186,510
			Land userights			Buildings			Total
January 1, 2022		$	678,316		$	427,338		$	1,105,654
Additions			-			373,341			373,341
Depreciation charge	(		18,305)	(		225,336)	(		243,641)
Lease modifications	(		16,062)	(		50,285)	(		66,347)
Early termination of leases			-	(		12,315)	(		12,315)
Effect of exchange rate changes			11,252			27,370			38,622
December 31, 2022		$	655,201		$	540,113		$	1,195,314

~49~

C. Information on profit or loss relating to lease contracts is as follows:

			Year ended			Year ended
		December 31, 2023			December 31, 2022
Items affecting profit or loss
Interest expense on lease liabilities		$	23,222		$	9,054
Expense on short-term lease contracts			89,209			128,214
Expense on leases of low-value assets			11,148			8,961
Loss (gain) on lease modification	(		1,465)	(		194)

• D. Apart from the cash outflow relating to the lease expense mentioned above, the Group’s cash outflow arising from the payment of lease liabilities amounted is provided in Note 6(36).

－ (12) Leasing arrangements lessor

• A. The Group leases various assets including office buildings. Rental contracts are typically made for periods of 1 to 10 years. Lease terms are negotiated on an individual basis. To protect the lessor’s ownership rights on the leased assets, all or certain leased assets may not be subleased, sublet and pledged.

• B. The Group leases computers and computer peripherals assets to others under a finance lease. Based on the terms of the lease contract, the ownership of the assets will be transferred to lessees provided that the lessees exercise the purchase option when the leases expire. Information on profit or loss in relation to lease contracts is as follows:

Sales profit Finance income from the net investment in the finance lease	Year ended December31,2023 $ 87,642 11,671 99,313 $	Year ended December31,2022
		$ 44,812 12,241
		57,053 $

• C. The maturity analysis of the undiscounted lease payments in the finance lease is as follows:

Within 1 year 1-5 year(s)	December31,2023 148,557 $ 153,115 301,672 $	December31,2022
		151,501 $ 118,121
		269,622 $

~50~

• D. Reconciliation of the undiscounted lease payments and the net investment in the finance lease is provided as follows:

provided as follows:
					December31,2023
			Current			Non-current			Total
Undiscounted lease payments		$	148,557		$	153,115		$	301,672
Unearned finance income	(		24,258)	(		20,516)	(		44,774)
Net investment in the lease		$	124,299		$	132,599		$	256,898
					December31,2022
			Current			Non-current			Total
Undiscounted lease payments		$	151,501		$	118,121		$	269,622
Unearned finance income	(		24,152)	(		17,696)	(		41,848)
Net investment in the lease		$	127,349		$	100,425		$	227,774

• E. Gain arising from operating lease agreements for the years ended December 31, 2023 and 2022 are as follows:

are as follows:
		Year ended		Year ended
	December31,2023		December31,2022
Rental income (including operating revenue
and other income)	$	554,704	$	595,901
The maturity analysis of the lease payments under the operating leases is as follows:
	December31,2023		December 31, 2022
Within 1 year	$	395,974	$	419,333
1-5 year(s)		675,592		994,926
Over 5 years		222,612		281,255
	$	1,294,178	$	1,695,514

• F. The maturity analysis of the lease payments under the operating leases is as follows:

~51~

(13) Investment property

Investment property
						2023
			Buildings			Utilities
			and structures			equipment			Total
At January 1
Cost		$	1,355,029		$	17,289		$	1,372,318
Accumulated depreciation	(		374,067)	(		10,791)	(		384,858)
		$	980,962		$	6,498		$	987,460
Opening net book amount		$	980,962		$	6,498		$	987,460
Additions			5,347			1,608			6,955
Reclassifications			-	(		6,918)	(		6,918)
Depreciation charge	(		32,024)	(		1,178)	(		33,202)
Net exchange differences	(		19,245)	(		10)	(		19,255)
Closing net book amount		$	935,040		$	-		$	935,040
At December 31
Cost		$	1,333,043		$	-		$	1,333,043
Accumulated depreciation	(		398,003)			-	(		398,003)
		$	935,040		$	-		$	935,040
						2022
			Buildings			Utilities
			and structures			equipment			Total
At January 1
Cost		$	1,333,076		$	34,973		$	1,368,049
Accumulated depreciation	(		336,602)	(		27,376)	(		363,978)
		$	996,474		$	7,597		$	1,004,071
Opening net book amount		$	996,474		$	7,597		$	1,004,071
Additions			-			1,795			1,795
Depreciation charge	(		31,998)	(		3,021)	(		35,019)
Net exchange differences			16,486			127			16,613
Closing net book amount		$	980,962		$	6,498		$	987,460
At December 31
Cost		$	1,355,029		$	17,289		$	1,372,318
Accumulated depreciation	(		374,067)	(		10,791)	(		384,858)
		$	980,962		$	6,498		$	987,460

~52~

• A. Rental income from investment property and direct operating expenses arising from investment property are shown below:

property are shown below:
Rental income from investment property Direct operating expenses arising from the investment property that generated rental income during the period	Year ended December31,2023 385,529 $ 81,604 $	Year ended December31,2022
		388,237 $
		85,738 $

• B. The fair value of the investment property held by the Group as of December 31, 2023, and 2022 was $2,584,535 and $3,067,536, respectively, which is calculated based on the present value of rental revenue for the next 10 years and disposal value. The valuation approach is categorized within level 3 in the fair value hierarchy. The growth rates used are consistent with the forecasts included in market quotation reports and historical experiences. The discount rates used are pretax and reflect specific risks relating to the relevant operating segments.

• C. The Group has no investment property pledged to others as collateral and capitalization of interests as of December 31, 2023, and 2022.

(14) Intangible assets

2023

						2023
			Computer
			software cost			Goodwill			Total
At January 1
Cost		$	194,340		$	554,455		$	748,795
Accumulated amortisation	(		83,070)			-	(		83,070)
		$	111,270		$	554,455		$	665,725
Opening net book amount		$	111,270		$	554,455		$	665,725
Additions - acquired separately			14,419			-			14,419
Reclassifications			25,120			-			25,120
Amortisation charge	(		53,973)			-	(		53,973)
Net exchange differences			132	(		93)			39
Closing net book amount		$	96,968		$	554,362		$	651,330
At December 31
Cost		$	166,480		$	554,362		$	720,842
Accumulated amortisation	(		69,512)			-	(		69,512)
		$	96,968		$	554,362		$	651,330

~53~

Computer software cost At January 1 Cost 185,001 $ Accumulated amortisation 69,279) ( 115,722 $ Opening net book amount 115,722 $ Additions - acquired separately 20,362 Reclassifications 17,019 Amortisation charge 43,038) ( Net exchange differences 1,205 Closing net book amount 111,270 $ At December 31 Cost 194,340 $ Accumulated amortisation 83,070) ( 111,270 $	Goodwill Total 524,197 $ 709,198 $ - 69,279) ( 524,197 $ 639,919 $ 524,197 $ 639,919 $ - 20,362 - 17,019 - 43,038) ( 30,258 31,463 554,455 $ 665,725 $ 554,455 $ 748,795 $ - 83,070) ( 554,455 $ 665,725 $ 2022

• A. Amortisation charges on intangible assets were recognised as administrative expenses amounting to $53,973 and $43,038 for the years ended December 31, 2023 and 2022, respectively.

• B. Goodwill is allocated to the Group’s cash-generating units:

Goodwill is allocated to the Group’s cash-generating	units:
Taiwan Hong Kong Indonesia	December31,2023 239,479 $ 305,275 9,608 554,362 $	December31,2022
		239,479 $ 305,473 9,503
		554,455 $

• C. Impairment of non-financial assets

• Goodwill is allocated to the Group’s cash-generating units identified according to operation segment. The recoverable amount of all cash-generating units has been determined based on value-in-use calculations. These calculations use pre-tax cash flow projections based on financial budgets approved by the management covering a five-year period.

The recoverable amount of all cash-generating units calculated using the value-in-use exceeded their carrying amount, so goodwill was not impaired.

• D. This Group has no intangible assets pledged to others as collateral as of December 31, 2023 and 2022.

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(15) Other non-current assets

Other non-current assets
Refundable deposits Long-term notes and overdue receivables Long-term lease receivables Others	December31,2023 115,386 $ 1,431,033 132,599 16,942 1,695,960 $	December31,2022
		117,909 $ 1,449,143 100,425 50,191
		1,717,668 $

For details of long-term lease receivables, please refer to Note 6(12).

(16) Short-term borrowings

Short-term borrowings
Bank borrowings Unsecured borrowings Secured borrowings Interest rate range Unsecured borrowings Secured borrowings Collateral Unsecured borrowings Secured borrowings	December31,2023 50,452,098 $ 1,521,325 51,973,423 $ 1.75%~6.66% 5.36%~6.80% None Note 8	December 31, 2022
		73,314,084 $ -
		73,314,084 $
		1.37%~5.60%
		-
		None None

Interest expense recognised in profit or loss, please refer to Note 6(30).

(17) Short-term notes and bills payable

Short-term notes and bills payable
Commercial paper payable Interest rate range	December31,2023 7,530,000 $ 1.80%~1.86%	December31,2022
		4,860,000 $
		1.86%~1.98%

The above-mentioned short-term notes and bills payables are issued and accepted by financial institutions. The interest includes costs related to issuance.

(18) Other payables

Other payables
Temporary receipt of suppliers’ payment Salary and bonus payable Accrued expenses－others Other payables－others (including related parties)	December31,2023 4,722,473 $ 904,190 620,233 1,637,185 7,884,081 $	December31,2022
		4,643,453 $ 956,662 731,622 1,276,177
		7,607,914 $

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(19) Other current liabilities

Other current liabilities
December31,2023 Refund liability－dealers’ rebates payable 4,232,170 $ Other current liabilities－others 300,663 4,532,833 $	December31,2022 4,109,787 $ 121,985
	4,231,772 $

- (20) Long term borrowings

Long-term borrowings
Type ofborrowings	Borrowing period andrepayment term	Interest raterange	Collateral December31,2023 None 1,500,000 $ None 11,520,000 None 9,850,000 22,870,000 $ 1,500,000) ( 21,370,000 $
		2.11% 1.80% 1.80%

~56~

	Borrowing period	Interest
Type ofborrowings	andrepayment term	raterange	Collateral	December31,2022
Unsecured borrowings	Borrowing period is from	1.99%	None	$	1,500,000
	December 30, 2021 to
	December 30, 2024; principal
	is repayable in full at maturity;
	interest is repayable monthly.
Syndicated Loans	Five years from the date of	1.79%~1.81%	None
signed with Mega	first drawdown (August 1,
International	2022); principal is repayable
Commercial Bank	in full at maturity; interest
and other 8 banks	is repayable monthly.
-Tranche A					11,400,000
Syndicated Loans	Five years from the date of	1.78%~1.80%	None
signed with Mega	first drawdown (August 1,
International	2022); principal is repayable
Commercial Bank	in full at maturity; interest is
and other 8 banks	repayable in full at face value.
-Tranche B					3,000,000
				$	15,900,000
Less: Long-term liabilities, Current portion					-
				$	15,900,000

• A. As of December 31, 2023 and 2022, the terms of syndicated borrowing agreement are as follows:

• (a) According to the syndicated borrowing agreement signed with 9 syndicated borrowing banks, including Mega International Commercial Bank as the arranger, on June 23, 2022, details of the main terms in above agreement are as follows:

  • i. Credit items and facilities: total credit line of the syndicated loans amounting to NT$14.4 billion.

  • (i) Tranche A:

The credit line of medium-term borrowings amounted to NT$14.4 billion and can be revolved.

• (ii) Tranche B:

The credit line of issuing commercial paper guarantee amounted to NT$11.52 billion and can be revolved.

(iii) Tranche C:

The credit line of issuing cooperate bond guarantee amounted to NT$7.272 billion but can not be revolved.

ii. Contract term:

• (i) The contract terms to Tranche A and Tranche B are both five years from the date of first drawdown.

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• (ii) The contract term to Tranche C is no more than five years from the date of collecting payments of corporate bonds.

• iii. Drawdown period:

• (i) Tranche A and Tranche B: The facility is revolving during the facility period.

• (ii) Tranche C: The loan is drawn in a lump sum within 12 months from the day of signing the contract, and the undrawn amount will be canceled on the expiry date and kept intact.

• iv. Covenants:

Borrowers shall comply with the following financial ratio which should be calculated based on the consolidated financial statements audited by borrowers’ independent auditors and assess the ratio once a year.

• (i) Current ratio (current assets/current liabilities) shall not be less than 100%;

• (ii) Debt ratio ((medium and long-term borrowings + short-term borrowings (including current portion) + the balance of short-term notes and bills payable + domestic and foreign cooperate bonds (including convertible bonds) – cash) / net tangible assets) shall not be more than 200%.

• (iii) Interest coverage ratio ((income before tax + interest expense + depreciation expense and amortisation expense) / interest expense) shall not be less than three times.

• (iv) Net tangible assets (net asset value - intangible asset) shall be at least NT$40 billion.

• (b) According to the syndicated borrowing agreement signed with 9 syndicated borrowing banks, including Taiwan Cooperative Bank as the arranger, on June 30, 2023, details of the main terms in above agreement are as follows:

• i. Credit items and facilities: total credit line of the syndicated loans amounting to NT$20.7 billion.

• (i) Tranche A:

The credit line of medium-term borrowings amounted to NT$20.7 billion and can be revolved.

• (ii) Tranche B:

The credit line of issuing commercial paper guarantee amounted to NT$14.49 billion and can be revolved.

• ii. Contract term:

• (i) The contract terms to Tranche A and Tranche B are both five years from the date of first drawdown.

• iii. Drawdown period:

• (i) Tranche A and Tranche B: The facility is revolving during the facility period, but the maturity date of each loan shall not exceed the expiration date of the credit period.

• iv. Covenants:

Borrowers shall comply with the following financial ratio which should be calculated based

on the consolidated financial statements audited by borrowers’ independent auditors and

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assess the ratio once a year (the annual inspection date is 3/31). Unless otherwise provided in the contract, the accounting terms in the financial covenants are according to Generally Accepted Accounting Principles of the Republic of China:

• (i) Current ratio (current assets/current liabilities) shall not be less than 100%;

• (ii) Debt ratio ((medium and long-term borrowings + short-term borrowings (including current portion) + the balance of short-term notes and bills payable + domestic and foreign cooperate bonds (including convertible bonds) – cash) / net tangible assets) shall not be more than 250%.

• (iii) Interest coverage ratio ((income before tax + interest expense + depreciation expense and amortisation expense) / interest expense) shall not be less than two times.

• (iv) Net tangible assets (net asset value - intangible asset) shall be at least NT$40 billion.

• B. Information on interest expense recongnised in profit or loss in provided in Note 6(30).

(21) Pensions

• A. Defined benefit plans

• (a) The Company and its domestic subsidiaries have a defined benefit pension plan in accordance with the Labor Standards Law. The pension benefits are paid based on the service years and the average monthly salaries of the last 1 month prior to retirement. The Company contributes monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, the Company would assess the balance in the aforementioned labor pension reserve account by December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method to the employees expected to qualify for retirement in the following year, the Company will make contributions to cover the deficit by next March. The subsidiary, PT. Synnex Metrodata Indonesia, also adopted a defined benefit plan.

• (b) The amounts recognised in the balance sheet are as follows:

	December	31,2023	December	31,2022
Present value of defined benefit obligations	($	425,372)	($	435,241)
Fair value of plan assets		207,524		221,226
Net defined benefit liability	($	217,848)	($	214,015)

• (c) Movements in net defined benefit liabilities are as follows:

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						2023
	Present value of					Fair value
		defined benefit				of plan		Net defined
			obligations			assets	benefitliability
At January 1	($		435,241)		$	221,226	($	214,015)
Current service cost	(		11,352)			-	(	11,352)
Interest (expense) income	(		9,374)			2,954	(	6,420)
	(		455,967)			224,180	(	231,787)
Remeasurements:
Return on plan assets			-			145		145
(excluding amounts included in
interest income or expense)
Change in demographic assumptions			-			-		-
Conversion difference	(		420)			-	(	420)
Change in financial assumptions	(		8,282)			-	(	8,282)
Experience adjustments			8,440			-		8,440
	(		262)			145	(	117)
Pension fund contribution			-			4,284		4,284
Paid pension			30,857	(		21,085)		9,772
At December 31	($		425,372)		$	207,524	($	217,848)
						2022
	Present value of					Fair value
		defined benefit				of plan		Net defined
			obligations			assets	benefitliability
At January 1	($		465,746)		$	62,008	($	403,738)
Current service cost	(		10,813)			-	(	10,813)
Interest (expense) income	(		6,243)			480	(	5,763)
Past service cost			-			-		-
Settlement profit or loss			-			-		-
	(		482,802)			62,488	(	420,314)
Remeasurements:
Return on plan assets			-			6,876		6,876
(excluding amounts included in
interest income or expense)
Change in demographic assumptions			-			-		-
Conversion difference			11,904			-		11,904
Change in financial assumptions			20,290			-		20,290
Experience adjustments			12,922			-		12,922
			45,116			6,876		51,992
Pension fund contribution			-			153,952		153,952
Paid pension			2,445	(		2,090)		355
Exchange difference			-			-		-
Effect of business combination			-			-		-
At December 31	($		435,241)		$	221,226	($	214,015)

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• (d) The Bank of Taiwan was commissioned to manage the Fund of the Company’s and domestic subsidiaries’ defined benefit pension plan in accordance with the Fund’s annual investment and utilisation plan and the “Regulations for Revenues, Expenditures, Safeguard and Utilisation of the Labor Retirement Fund” (Article 6: The scope of utilisation for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitisation products, etc.). With regard to the utilisation of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorised by the Regulator. The Company has no right to participate in managing and operating that fund and hence the Company is unable to disclose the classification of plan assets fair value in accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as of December 31,2023 and 2022 is given in the Annual Labor Retirement Fund Utilisation Report announced by the government.

• (e) The principal actuarial assumptions used were as follows:

• i. The actuarial assumptions for the Company and subsidiaries in Taiwan are as follows:

Discount rate Future salary increase rate	Year ended December31,2023 1.2%~1.3% 3%~4%	Year ended December31,2022
		1.3%~1.4%
		3%~4%

Mortality rate was estimated based on the 5th Taiwan Standard Ordinary Experience Mortality Table.

Because the main actuarial assumption changed, the present value of defined benefit obligation is affected. The analysis was as follows:

Increase Decrease 0.25% 0.25% December 31, 2023 Effect on present value of defined benefit obligation 6,716) ($ 6,914 $ December 31, 2022 Effect on present value of defined benefit obligation 7,486) ($ 7,715 $ Discountrate	Increase Decrease 0.25% 0.25% 6,574 $ 6,420) ($ 7,343 $ 7,164) ($ Future salaryincreases

The sensitivity analysis above is based on one assumption which changed while the other conditions that remain unchanged. In practice, more than one assumption may change all at once. The method of analysing sensitivity and the method of calculating net pension liability

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in the balance sheet are the same.

Except for adjustments to the actuarial assumptions of the discount rate and future salary increase rate in the preparation of the sensitivity analysis for this period, the remaining methods and assumptions used are the same as those of the previous period.

ii. The actuarial assumptions for overseas subsidiaries are as follows:

	Year ended	Year ended
	December31,2023	December 31, 2022
Discount rate	6.75%	7.50%
Future salary increase rate	9.00%	9.00%

Assumptions about future mortality rates are based on TMI3 estimates issued by the Insurance Council of Indonesia.

Analysis of the present value of defined benefit obligations affected by changes in the main actuarial assumptions adopted is as follows:

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

Discount rate Future salary increases
Increase Decrease Increase Decrease
1% 1% 1% 1%
December 31, 2023
Effect on present value of defined
($ 8,329) $ 7,227 $ 7,410 ($ 8,387)
benefit obligation
December 31, 2022
Effect on present value of defined
($ 6,863) $ 5,945 $ 6,137 ($ 6,963)
benefit obligation
----- End of picture text -----

• (f) As of December 31, 2023, the weighted average duration of the pension plan is 8 to 17.7 years.

• (g) The Group's estimated provision for retirement plans in 2024 is $13,000.

• B. Defined contribution plans

• (a) No pension plan is established for certain overseas investment holding companies since these companies are not required to have an employee pension plan in accordance with the local legislation. Except for the above, other companies have established a funded defined contribution pension plan and therefore contribute monthly a certain percentage of the employees’ monthly salaries and wages to the retirement fund. Except for monthly contributions to the retirement fund, these companies have no further obligations.

• (b) The pension costs under defined contribution pension plans of the Group for years ended December 31, 2023, and 2022 were $349,628 and $332,675, respectively.

(22) Share capital

• A. As of December 31, 2023, the Company’s authorised capital was $24,000,000 (including $500,000 reserved for the conversion of employees’ stock options which have not been issued),

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and the paid-in capital was $16,679,470 with a par value of NT$10 (in dollars) per share. Shares yet to be issued can be issued several times by the Board of Directors depending on the demand, and some of them can be distributed in the form of preferred shares. All proceeds from shares issued have been collected.

Movements in the number of the Company’s ordinary shares outstanding are as follows: (Unit: shares)

shares)
At January 1 (At December 31)	2023 1,667,946,968	2022
		1,667,946,968

• B. In 1997 and 1999, the Company issued new shares and Mitac Incorporated and other major shareholders offered part of their shares to jointly participate in the issuance of global depository shares (GDSs). These GDSs were issued in Europe, Asia and the USA. Each GDS represents 4 shares of ordinary share. After several issuances of GDSs by issuing new shares, the total number of GDSs outstanding as of December 31, 2023 was 23,174 units, representing 92,708 shares of ordinary share. The main terms and conditions of the GDSs are as follows:

• (a) Voting rights

The holders of GDSs have no right to directly attend any shareholders’ meeting of the Company, vote, or speak. However, when the Depositary receives the same instruction from more than 51% of the holders of GDSs on a proposal, the Depositary shall vote on the proposal as instructed by the holders of GDSs.

• (b) Conversion of GDSs

Commencing three months after the initial issuance of GDSs, subject to the terms of the Deposit Agreement and applicable laws of the R.O.C., a holder of GDSs may request the Depositary to redeem and deliver or sell the Company’s ordinary share represented by the GDSs.

• (c) Dividends

The holders of GDSs are entitled to receive dividends to the same extent as the holders of ordinary shares.

(23) Capital surplus

Pursuant to the R.O.C. Company Act, capital surplus arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided that the Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Act requires that the amount of capital surplus to be capitalized mentioned above should not exceed 10% of the paidin capital each year. Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.

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2023

At January 1 Changes in equity of associates and joint ventures Unclaimed dividends At December 31	Share premium 12,814,051 $ - - 12,814,051 $	Changes in equity Treasury share of associates and transactions jointventures 340,678 $ 118,239 $ - 23,154 - - 340,678 $ 141,393 $	Stock options 228,445 $ - - 228,445 $	Others 4,491 $ - 214 4,705 $	Total
					13,505,904 $ 23,154 214
					13,529,272 $

==> picture [480 x 58] intentionally omitted <==

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

2022
Changes in equity
Share Treasury share of associates and Stock
premium transactions joint ventures options Others Total
----- End of picture text -----

Share premium	Treasury share of associates and transactions joint ventures	Stock options	Others Total	Others Total
At January 1 13,626,940 $ Changes in equity of associates and joint ventures - Difference between consideration and carrying amount of subsidiaries acquired - Disposal of investments accounted for using equity method - Unclaimed dividends - Influenced amounts on group's restructure 812,889) ( At December 31 12,814,051 $	340,678 $ - $ - 121,504 - 2,085 - 5,350) ( - - - - 340,678 $ 118,239 $	228,445 $ - - - - - 228,445 $	3,897 $ 14,199,960 $ - 121,504 - 2,085 - 5,350) ( 594 594 - 812,889) ( 4,491 $ 13,505,904 $
				13,505,904 $

(24) Retained earnings

• A. The Company’s Articles of Incorporation:

• (a) If the Company’s final accounts show a profit, the current year's earnings shall first be used to pay all taxes, offset prior year's losses, and then 10% of the remaining amount shall be set aside for legal reserve and provision for or reversal of special reserve as required by law. After setting aside or reversing a special reserve in accordance with related laws, the remaining earnings, if any, shall first be appropriated as stock dividends for preferred stock. If there is profit remaining, the Board of Directors shall propose to distribute the balance amount, together with any accumulated non-distributed profit. Where dividends are distributed in the form of stocks, the distribution shall be subject to the approval of the shareholders at the shareholders' meeting. Where dividends are distributed in the form of cash, the Board of Directors is authorized to make such distribution by approval of more than half of directors present at a meeting where more than two-thirds of the directors are in attendance, and the distribution shall also be reported at the shareholders’ meeting.The Board of Directors

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  - shall determine the shareholders `'` cash dividend ratio with the consideration of the financial structure of the Company, future earnings situation, and business development; however, the cash dividend ratio may not be less than 15% of the total current dividend distributed to shareholders.

• (b) Where the Company incurs no loss, the Board of Directors may draft distribution proposals to distribute part or all of the legal reserve and capital surplus specified in Article 241 of the Company Act to shareholders. Where dividends are distributed in the form of stocks, the distribution shall be subject to the approval of the shareholders at the shareholders’ meeting. Where dividends are distributed in the form of cash, the Board of Directors is authorized to make such distribution by approval of more than half of the directors present at the meeting where more than two-thirds of the directors are in attendance, and the distribution shall also be reported at the shareholders’ meeting.

• B. The appropriations of 2022 and 2021 earnings had been resolved at the shareholders’ meeting on May 30, 2023 and May 30, 2022, respectively. Details are summarized below:

			Years ended	December31,
		2022		2021
			Dividends per		Dividends per
		Amount	share (in dollars)	Amount	share(in dollars)
Provision for legal reserve	$	1,577,796		1,695,196 $
(Reversal of) provision for
special reserve	(	2,208,704)		1,910,568
Cash dividends		5,837,814	3.50	8,339,735	5.00

• C. The appropriation of 2023 earnings had been proposed at the Board of Directors’ meeting on March 13, 2024. Details are summarized below:

March 13, 2024. Details are summarized below:
Provision for legal reserve Provision for special reserve Cash dividends	Year ended December31,
	2023
	Amount 691,332 $ 1,847,916 5,003,841	Dividends per share(in dollars)
		3.00

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(25) Other equity items

Other equity items
					Unrealised
		Currency			gains (losses)
		translation			onvaluation		Total
At January 1, 2023	($	5,467,061)	($		571,348)	($	6,038,409)
Revaluation:
–Group		-	(		937,838)	(	937,838)
–Associates		-	(		5,422)	(	5,422)
Revaluation transferred to retained
earnings:
–Group		-			380,659		380,659
Currency translation differences:
–Group	(	940,068)			-	(	940,068)
–Associates	(	345,247)			-	(	345,247)
At December 31, 2023	($	6,752,376)	($		1,133,949)	($	7,886,325)
					Unrealised
		Currency			gains (losses)
		translation			onvaluation		Total
At January 1, 2022	($	10,641,478)		$	2,394,366	($	8,247,112)
Revaluation:
–Group		-	(		2,951,418)	(	2,951,418)
–Associates		-	(		15,948)	(	15,948)
Revaluation transferred to retained
earnings:
–Group		-			1,652		1,652
Currency translation differences:
–Group		4,733,411			-		4,733,411
–Associates		441,006			-		441,006
At December 31, 2022	($	5,467,061)	($		571,348)	($	6,038,409)

(26) Operating revenue

Disaggregation of revenue from contracts with customers

The Group derives revenue from the transfer of goods and services over time and at a point in time in the following major product lines:

Revenue from 3C and semiconductor products, etc. Others	Timing of revenue At a point in time Over time	Year ended December31,2023 393,804,180 $ 2,186,649 395,990,829 $	Year ended December31,2022
			422,971,310 $ 1,579,110
			424,550,420 $

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(27) Interest income

Interest income
Other interest income Interest income from bank deposits	Year ended December31,2023 453,877 $ 363,900 817,777 $	Year ended December31,2022 75,327 $ 248,177
		323,504 $

(28) Other income

(28)	Other income
(29)	Other gains and (losses) Rental income Dividend income Others	Year ended December31,2023 553,611 $ 536,561 242,857 1,333,029 $	Year ended December31,2022
			594,307 $ 396,196 306,667
			1,297,170 $

Other gains and (losses)
			Year ended			Year ended
		December31,2023		December 31, 2022
Net (losses) gains on financial assets at fair value		$	2,075	$		2,113
through profit or loss
Net currency exchange gains			252,186			202,268
Gain on disposal of property, plant and equipment
and investment property			2,094			11,865
Related expense charges on investment property	(		81,604)	(		85,738)
Gains on disposal of investments			7,086			-
Gains on disposal of investments – gains on
remeasurement at fair value of investments which
were no longer accounted for using equity method			-			8,345,108
Others			12,116			36,108
		$	193,953	$		8,511,724
Finance costs
			Year ended			Year ended
		December31,2023			December31,2022
Interest expense on bank borrowings		$	1,813,333		$	1,300,839
Interest expense on short-term notes and bills payable			234,577			149,007
Interest expense on lease liabilities			23,222			9,054
Less: Capitalisation of qualifying assets		(	43,579)		(	23,172)
		$	2,027,553		$	1,435,728

(30) Finance costs

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(31) Expenses by nature

Expenses by nature
Employee benefit expense Depreciation charges on property, plant and equipment Depreciation charges on right-of-use assets Depreciation charges on investment property Amortisation charges on intangible assets	Year ended December31,2023 5,295,544 $ 308,713 $ 2,476,577 $ 33,202 $ 53,973 $	Year ended December31,2022
		5,435,423 $
		299,072 $
		243,641 $
		35,019 $
		43,038 $

(32) Employee benefit expense

Employee benefit expense
Wages and salaries Employee social security expense Pension costs Directors’ remuneration Other personnel expenses	Year ended December31,2023 4,523,501 $ 269,864 367,400 8,168 126,611 5,295,544 $	Year ended December31,2022
		4,684,940 $ 266,823 343,040 7,900 132,720
		5,435,423 $

• A. In accordance with the Articles of Incorporation of the Company, the Company’s net income before tax before deducting remuneration to employees and directors and after covering for losses in the current fiscal year, should be applied to pay remuneration to employees in an amount not exceeding 10% and not less than 0.01% of the balance, and to directors for an amount not more than 1% of the balance. Employee remuneration may be distributed in stock or cash and directors’ remuneration may be distributed in cash subject to a resolution adopted by a majority vote at a meeting of the Board of Directors attended by two-thirds of the total number of directors. Employee remuneration may be distributed in stock; remuneration may also be distributed for employees of controlled or affiliated companies that meet the criteria. The Chairman of the Board is authorized to set such criteria.

• B. For the years ended December 31, 2023, and 2022, employees’ compensation (bonus) was accrued at $800 and $2,000, respectively; directors’ remuneration was accrued at $8,168 and $7,900, respectively. The aforementioned amounts were recognised in salary expenses.

• The employees’ compensation and directors’ remuneration were estimated and accrued based on 0.01% and 0.1% of distributable profit of current year for the year ended December 31, 2023. The employees’ compensation and directors’ remuneration resolved by the Board of Directors were $900 and $9,000 and will be distributed in the form of cash.

For 2022, the employees’ compensation and directors’ remuneration resolved by the Board of Directors amounted to $2,000 and $8,168, respectively. The differences between the amounts resolved by the Board of Directors and the amounts of $2,000 and $7,900 recognised in the 2022 financial statements had been adjusted in the profit or loss of 2023.

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• C. Information about employees’ compensation and directors’ remuneration of the Company as resolved by the Board of Directors is posted in the “Market Observation Post System” at the website of the Taiwan Stock Exchange.

(33) Income tax

• A. Income tax expense

• (a) Components of income tax expense:

				Year ended			Year ended
			December31,2023			December31,2022
	Current tax:		$	1,173,114		$	405,793
	Current tax on profits for the period			15,599	(		492,107)
	Prior period income tax underestimation
	(overestimation)			1,483,634			1,648,070
	Prepaid income tax	(		528,497)	(		266,327)
	Tax on undistributed earnings			2,143,850			1,295,429
	Total current tax
	Deferred tax:
	Origination and reversal of temporary differences	(		36,442)			2,382,713
	Total deferred tax
	Other:
	Tax on undistributed earnings			528,497			266,327
	Income tax expense		$	2,635,905		$	3,944,469
	The income tax (charge)/credit relating to components			of other comprehensive income is as
	follows：
				Year ended			Year ended
			December31,2023			December31,2022
	Remeasurement of defined benefit obligations		$	300		$	7,419
	The income tax charged/(credited) to equity during the			period is as follows:
				Year ended			Year ended
			December31,2023			December31,2022
	Influenced amounts on investments
	restructure		$	-		$	812,889

• (b) The income tax (charge)/credit relating to components of other comprehensive income is as follows ：

(c) The income tax charged/(credited) to equity during the period is as follows:

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B. Reconciliation between income tax expense and accounting profit

			Year ended			Year ended
		December31,2023			December31,2022
Tax calculated based on profit before tax and		$	3,378,674		$	5,767,370
statutory tax rate (note)
Effects from items disallowed by tax regulation	(		167,825)			20,555
Tax-exempt on income from domestic investment	(		92,539)	(		116,892)
Temporary differences not recognised as deferred	(		1,233,257)	(		3,377,022)
tax assets
Change in assessment of realisation of taxable loss			18,793	(		113,649)
recognised as deferred tax assets
Tax on undistributed earnings			528,497			266,327
Income tax on overseas investment income			163,700			1,834,226
Prior year income tax (over) underestimation			15,599	(		492,107)
Separate taxation			42,615			155,661
Others	(		18,352)			-
Income tax expense		$	2,635,905		$	3,944,469

Note: The basis for computing the applicable tax rate are the rates applicable in the respective countries where the Group entities operate.

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• C. Amounts of deferred tax assets or liabilities as a result of temporary differences, tax losses and investment tax credits are as follows:

Deferred tax assets: - Temporary differences: Amount of allowance for bad debts that exceed the limit for tax purpose Loss on inventory Depreciation expense Payable for unpaid annual leave Payable for pension Payable for unrealised expenses Lease liabilities Others - Tax losses Subtotal Deferred tax liabilities: - Temporary differences: Unrealised discounts on purchases Unrealised exchange gain Unrealised expense Gain on investment Right-of-use assets Others Subtotal Total			2023
	Influenced Recognised amounts on Recognised in other exchange in profit comprehensive rates or January1 or loss income others December31 591,238 $ 96,747 $ - $ 1,060 $ 689,045 $ 83,673 4,057 - 142 87,872 96,023 22 - 155 96,200 17,263 51) ( - 28 17,240 43,987 1,241) ( 300) ( 69 42,515 11,979 191 - 20 12,190 150,001 54,120) ( - - 95,881 12,778 24,672 - 54 37,504 234,081 2,576) ( - 631 232,136 1,241,023 $ 67,701 $ 300) ($ 2,159 $ 1,310,583 $ 229,066) ($ 69,737) ($ - $ 783) ($ 299,586) ($ 3,172) ( 13,428) ( - 217) ( 16,817) ( 50,603) ( 53 - 82) ( 50,632) ( 5,669,453) ( - - - 5,669,453) ( 150,001) ( 54,120 - - 95,881) ( 660,276) ( 2,267) ( - 1,078) ( 663,621) ( 6,762,571) ($ 31,259) ($ - $ 2,160) ($ 6,795,990) ($ 5,521,548) ( 36,442 300) ( 1) ( 5,485,407) (

~71~

2022

									2022
											Influenced
									Recognised		amounts on
					Recognised				in other		exchange
						in profit	comprehensive					rates or
			January1			or loss			income			others	December31
Deferred tax assets:
- Temporary differences:
Amount of allowance for bad		$	580,685		$	11,498		$	-	($		945)		$	591,238
debts that exceed the limit
for tax purpose
Loss on inventory			53,990			29,817			-	(		134)			83,673
Depreciation expense			89,715			6,461			-	(		153)			96,023
Unrealised			-			-			-			-			-
exchange loss
Payable for unpaid			10,033			7,258			-	(		28)			17,263
annual leave
Payable for pension			80,680	(		29,203)	(		7,419)	(		71)			43,987
Payable for unrealised			97,829	(		85,831)			-	(		19)			11,979
expenses
Lease liabilities			37,681			197,000			-	(		600)			234,081
Others			-			150,001			-			-			150,001
Tax losses			19,430	(		6,633)			-	(		19)			12,778
Subtotal		$	970,043		$	280,368	($		7,419)	($		1,969)		$	1,241,023
Deferred tax liabilities:
- Temporary differences:
Unrealised discounts	($		178,342)	($		51,091)		$	-		$	367	($		229,066)
on purchases
Unrealised	(		22,217)			19,040			-			5	(		3,172)
exchange gain
Unrealised expense	(		47,460)	(		3,224)			-			81	(		50,603)
Gain on investment	(		3,835,227)	(		1,843,291)			-			9,065	(		5,669,453)
Right-of-use assets			-	(		150,001)			-			-	(		150,001)
Others	(		26,816)	(		634,514)			-			1,054	(		660,276)
Subtotal	($		4,110,062)	($		2,663,081)		$	-		$	10,572	($		6,762,571)
Total	(		3,140,019)	(		2,382,713)	(		7,419)			8,603	(		5,521,548)

• D. Expiration dates of unused tax losses and amounts of unrecognised deferred tax assets are as follows:

follows:
		December 31,2023
Year incurred	Amount filed/ assessed	Unused amount	Unrecognised deferred taxassets	Expiry year
2014~2023	2,126,793 $	1,566,582 $	638,035 $	2023~2033

~72~

		December 31,2022	December 31,2022
Year incurred	Amount filed/ assessed	Unused amount	Unrecognised deferred taxassets	Expiry year
2013~2022	1,530,516 $	1,499,192 $	562,865 $	2022~2032

• E. The amounts of deductible temporary difference that are not recognized as deferred tax assets are as follows: None.

• F. The Company has not recognised taxable temporary differences associated with investment in subsidiaries as deferred tax liabilities. As of December 31, 2023 and 2022, the amounts of temporary difference that are not recognised as deferred tax liabilities were $14,569,659 and $14,956,268, respectively.

• G. The Company’s and its domestic subsidiaries, besides Bestcom Infotech Corporation, income tax returns of 2021 have been assessed and approved by the Tax Authority. Bestcom Infotech Corporation’s income tax returns of 2020 have been assessed and approved by the Tax Authority.

• H. The deferred tax liabilities recognised by the Group on December 31, 2023, and 2022 when assessing the repatriation of profits from the reinvested company were both $5,669,453.

(34) Earnings per share

Earnings per share
Basic earnings per share Profit attributable to ordinary shareholders of the parent Diluted earnings per share Profit attributable to ordinary shareholders of the parent Assumed conversion of all dilutive potential ordinary shares Employees’ compensation Profit attributable to ordinary shareholders of parent plus assumed conversion of all dilutive potential ordinary shares	Year ended December 31, 2023
	Amount after tax 7,289,295 $ 7,289,295 $ - 7,289,295 $	Weighted average number of ordinary shares outstanding (share in thousands) 1,667,947 1,667,947 17 1,667,964	Earnings per share (in dollars)
			4.37
			4.37

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==> picture [479 x 260] intentionally omitted <==

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

Year ended December 31, 2022
Weighted average
number of ordinary Earnings
Amount shares outstanding per share
after tax (share in thousands) (in dollars)
Basic earnings per share
Profit attributable to ordinary shareholders
of the parent $ 15,748,824 1,667,947 9.44
Diluted earnings per share
Profit attributable to ordinary shareholders
of the parent $ 15,748,824 1,667,947
Assumed conversion of all dilutive potential
ordinary shares
Employees’ compensation - 39
Profit attributable to ordinary shareholders
of parent plus assumed conversion of all
dilutive potential ordinary shares $ 15,748,824 1,667,986 9.44
----- End of picture text -----

(35) Transactions with non-controlling interests

Acquisition of additional equity interest in a subsidiary

The Group acquired an additional 1.07% shares of Bestcom Infotech Corp. for a cash consideration of $20,944 on March 31, 2022.

The effect of changes in interests in Bestcom Infotech Corp. on the equity attributable to owners of the parent for the year ended December 31, 2022, is shown below:

		Year ended December 31,
		2022
Consideration paid to non-controlling interest	($	20,944)
Decrease in carrying amount of non-controlling interest		23,029
Capital surplus - difference between consideration and carrying
amount of subsidiary acquired	$	2,085

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(36) Changes in liabilities from financing activities

							Short-term				Current/		Guarantee
		Cash dividends			Short-term		notes and		Long-term		Non-current		deposits
			payable		borrowings		billspayable		borrowings		lease liabilities		received
At January 1, 2023	$		-	$	73,314,084	$	4,860,000	$	15,900,000	$	554,220	$	190,167
Cash dividends declared			6,137,554		-		-		-		-		-
Cash dividends paid	(		6,137,554)		-		-		-		-		-
Increase in short-term borrowings			-		-		-		32,790,000		-		-
Decrease in short-term borrowings			-	(	21,340,661)		-	(	25,820,000)		-		-
Increase in short-term notes and
bills payable			-		-		2,670,000		-		-		-
Payments of lease liabilities			-		-		-		-	(	180,369)		-
Increase in lease liabilities			-		-		-		-		395,376		-
Changes in other non-cash items			-		-		-		-	(	101,777)		-
Increase in guarantee deposits
received			-		-		-		-		-		264,195
Decrease in guarantee deposits
received			-		-		-		-		-	(	256,028)
Impact of changes in foreign
exchange rate			-		-		-		-	(	96,269)	(	31,979)
At December 31, 2023	$		-	$	51,973,423	$	7,530,000	$	22,870,000	$	571,181	$	166,355
							Short-term				Current/		Guarantee
		Cash dividends			Short-term		notes and		Long-term		Non-current		deposits
			payable		borrowings		billspayable		borrowings		lease liabilities		received
At January 1, 2022	$		-	$	53,326,707	$	12,490,000	$	1,500,000	$	446,021	$	190,368
Cash dividends declared			8,816,687		-		-		-		-		-
Cash dividends paid	(		8,816,687)		-		-		-		-		-
Increase in short-term borrowings			-		19,987,377		-		17,400,000		-		-
Decrease in short-term borrowings			-		-		-	(	3,000,000)		-		-
Decrease in short-term notes and
bills payable			-		-	(	7,630,000)		-		-		-
Payments of lease liabilities			-		-		-		-	(	188,997)		-
Increase in lease liabilities			-		-		-		-		373,341		-
Changes in other non-cash items			-		-		-		-	(	62,794)		-
Increase in guarantee deposits
received			-		-		-		-		-		697,267
Decrease in guarantee deposits
received			-		-		-		-		-	(	694,006)
Impact of changes in foreign
exchange rate			-		-		-		-	(	13,351)	(	3,462)
At December 31, 2023	$		-	$	73,314,084	$	4,860,000	$	15,900,000	$	554,220	$	190,167

~75~

7. RELATED PARTY TRANSACTIONS

(1) Names of related parties and relationship

Names of related parties Associates: Synnex (Thailand) Public Company Ltd. and its Subsidiaries (Synnex Thailand) Synnex FPT Joint Stock Company and its Subsidiaries (Synnex FPT) Redington Limited Asgard System, Inc. Other related parties: Mitac Incorporated Mitac Information Technology Corporation Mitac International Corporation Mitac Digital Technology Corporation Mitac Computing Technology Corporation Getac Holdings Corporation and its Subsidiaries Lien Hwa Industrial Holdings Corporation Linde Lienhwa Industrial Gases Co., Ltd. UPC Technology Corporation Mitac Communication Co., Ltd. Shunda Computer Factory Co., Ltd.

Relationship with the Group

King’s Eye’s investee accounted for using equity method King’s Eye’s investee accounted for using equity method Investee accounted for using equity method Indirect investee of Bestcom Infotech Corp. The Company’s chairperson is the related party’s chairperson The Company’s chairperson is the related party’s director The Company’s chairperson is the related party’s chairperson The Company’s chairperson is the related party’s director The Company’s chairperson is the related party’s director The Company’s chairperson is the related party’s director The Company’s chairperson is the related party’s chairperson The Company’s chairperson is the related party’s director The Company’s chairperson is the related party’s chairperson The related party’s director is the second-degree relative of the Company’s chairperson Indirect wholly-owned subsidiary of Mitac International Corporation

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Names of related parties Tong Da Investment Corporation Lien Yuan Investment Corp. Jetwell Computer Co., Ltd. Zong Yi Information Co., Ltd. Inforcom Technology Inc. Din Yen Technology Inc. Udar Digital Inc. Digitimes Inc. Lien Hwa Milling Corporation PT. Mitra Integrasi Informatika (MII) PT. Metrodata Electronics, Tbk (MTDL) PT. Soltius Indonesia (SI) Packet System Indonesia (PSI) PT. Sinergi Transformasi Digital (STD) PT. Cacafly Metrodata Indonesia (CMI) PT. Aneka Teknologi Utama (ATU) All directors, general managers and key management personnel, etc.

Relationship with the Group

The Company’s director is the related party’s chairperson The Company’s director is the related party’s chairperson The Company’s subsidiary, Bestcom Infotech Corp., is the related party’s director Wholly-owned subsidiary of Jetwell Computer Co., Ltd. The Company’s subsidiary, Bestcom Infotech Corp., is the related party’s director 99.97%-owned subsidiary of Inforcom Technology Inc. 96.38%-owned subsidiary of Inforcom Technology Inc. The Company is the related party’s director The Company’s chairperson is the related party’s director Subsidiary’s other related party SMI’s director Subsidiary’s other related party Subsidiary’s other related party Subsidiary’s other related party Subsidiary’s other related party Subsidiary’s other related party The Group’s key management and governance body

~77~

(2) Significant related party transactions and balances

A. Operating revenue

Operating revenue
Year ended December31,2023 Sales of goods: －Associates 35,192 $ －Other related parties 5,938,790 5,973,982 $	Year ended December31,2022
	72,468 $ 2,424,354
	2,496,822 $

Goods are sold based on the price lists in force and terms that would be available to third parties. The Group’s collection term for related parties is within credit term of advance sales receipts or 30 to 120 days of the date of billing statement. The collection term for third parties is within credit term of advance sales receipts, 1 to 180 days after the receipt of shipment and 5 day to 150 days after monthly billings.

B. Receivables from related parties

after monthly billings. Receivables from related parties
Accounts receivable: －Associates －Other related parties	December31,2023 7,244 $ 809,005 816,249 $	December31,2022
		43,687 $ 455,804
		499,491 $

The receivables from related parties arise mainly from sales of goods.

C. Purchases of goods

Purchases of goods: －Other related parties	Year ended Year ended December31,2023 December 31, 2022 190,150 $ 177,272 $

Goods are purchased from associates on normal commercial terms and conditions. The Group’s payment term for related parties is within 30~60 days of the date of billing statement. The payment term for third parties is within 25~75 days of the date of billing.

D. Payables to related parties

Payables to related parties
	December31,2023	December	31, 2022
Accounts payable:
－Other related parties	26,461 $	$	20,839
The payables to related parties arise mainly from purchase transactions.

~78~

E. Other transactions

The details of other receivables, other payables and dividend income that the Group provides to related parties are as follows:

	December31,2023	December31,2023	December31,2022	December31,2022
Other receivables:
Associates	$	106	$	169
Other related parties		4,503		-
	$	4,609	$	169
	December31,2023		December31,2022
Other payables:
Other related parties	$	4,526	$	4,797
		YearendedDecember31,2023
		Dividendincome		Others
Mitac Incorporated	$	186,910	$	-
Other related parties		59,913		1,477
	$	246,823	$	1,477
		YearendedDecember31,2022
		Dividendincome		Others
Associates	$	-	$	31
Other related parties		214,261		1,125
	$	214,261	$	1,156
		Year ended		Year ended
	December31,2023		December31,2022
Other expenses:
Other related parties	$	15,526	$	-
The details of the dividend income allocated to the Group due to its investment in				related parties (
able shows investment deductions for equity method investments) are as follows:
		Year ended		Year ended
	December31,2023		December31,2022
Redington Limited	$	521,084	$	443,255
Synnex Thailand		191,874		202,252
Synnex FPT		259,737		505,394
	$	972,695	$	1,150,901

The details of the dividend income allocated to the Group due to its investment in related parties (the table shows investment deductions for equity method investments) are as follows:

As of December 31, 2023 and 2022, there were no other receivables arising from the aforementioned transactions.

~79~

(3) Key management compensation

		Year ended		Year ended
	December 31, 2023		December31,2022
Short-term employee benefits	$	120,709	$	127,720
Post-employment benefits (Note)		4,623		4,716
Total	$	125,332	$	132,436

Note: Benefits are provisions that are not actually distributed.

8. PLEDGED ASSETS

The Group’s assets pledged as collateral are as follows:

Pledged asset Current financial assets at amortised cost: Pledged time deposits Non-current financial assets at amortised cost: Pledged time deposits Property, plant and equipment Accounts receivable Inventories	December31,2023 December31,2022 - $ 5,634 $ 803,361 866,178 666,950 - 1,092,089 1,424,405 1,092,104 1,455,615 3,654,504 $ 3,751,832 $ Bookvalue	Purpose
	December31,2023 - $ 803,361 666,950 1,092,089 1,092,104 3,654,504 $
		Guarantees for performance bond Guarantees for purchases Pledged for short-term borrowings Pledged for short-term borrowings Pledged for short-term borrowings

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT

COMMITMENTS

(1) Contingencies

On November 13, 2017, Unisplendour Digital (Suzhou) Group Co. Ltd. (Unisplendour Digital) filed a sales dispute against Synnex Distributions (China) Ltd. in Suzhou Xiangcheng People’s Court in China. In the complaint, Unisplendour Digital claimed the goods it received were not the subject matter of the contract and requested for a refund of the payment. On January 22, 2018, the Court dismissed the complaint on the ground that the law enforcement has initiated an investigation. In August 2020, Unisplendour Digital refiled the complaint to claim for compensation of RMB 28,926 thousand, RMB 17,401 thousand and RMB 5,593 thousand and a default fine for breach of contract on the ground that the law enforcement has cancelled the investigation. The Company lost the abovementioned case based on the judgement of final instance by the Suzhou Xiangcheng People’s Court in China. Therefore, the Group has fully paid the related compensations and default fine in May 2022 and filed a motion for retrial in August 2022.

(2) Commitments

• A. As of December 31, 2023 and 2022, the individual financing endorsement guarantee limits within the Group were $78,424,811 and $85,566,500, and the amounts used were $15,187,229 and $33,521,147, respectively.

~80~

• B. As of December 31, 2023 and 2022, the Group issued promissory notes to guarantee the suppliers’ credit limit amounting to $2,987,097 and $4,199,856, respectively, for inventory purchases.

• C. Capital expenditure contracted for at the balance sheet date but not yet incurred is as follows:

Property, plant and equipment

• December 31, 2023 December 31, 2022 $ 4,224,820 $ 2,506,080

December 31, 2023: It refers to the contract commitments of the Group to acquire the property located in Nangang Dist., Taipei City and the logistics center in Melbourne.

December 31, 2022: It refers to the contract commitments of the Group to acquire the property located in Nangang Dist., Taipei City and to build the second stage of the logistics center in Sydney.

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

On March 13, 2024, the Board of Directors resolved the distribution of earnings for the year of 2023. Please refer to Note 6(24).

12. OTHERS

(1) Capital management

The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt. The Group monitors capital on the basis of the net borrowing ratio. This ratio is calculated as net borrowings divided by shareholders’ equity. Net borrowings are calculated as all amounts of short-term borrowings, short-term notes and bills payable, and longterm borrowings less all amounts of cash and cash equivalents, financial products at fair value through profit or loss, and time deposits maturing over three months as shown in the consolidated balance sheet. Shareholders’ equity is calculated as total equity as shown in the consolidated balance sheet.

The net borrowing ratios as of December 31, 2023 and 2022 were 95% and 106%, respectively.

(2) Financial instruments

A. Financial instruments by category

Please refer to the consolidated balance sheets and related information in Note 6 for the Group’s financial assets (cash and cash equivalents, current financial assets at fair value through profit or loss, current financial assets at fair value through other comprehensive income, current financial assets at amortised cost, notes receivable, accounts receivable (including related parties), other

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receivables, non–current financial assets at fair value through other comprehensive income, non– current financial assets at amortised cost, other non–current assets-refundable deposits, other non–current assets-long-term notes and overdue receivables and other non–current assets-longterm lease receivables) and financial liabilities (short–term borrowings, short–term notes and bills payable, current financial liabilities at fair value through profit or loss, notes payable, accounts payable, other payables, other current liabilities-refund liability, long–term borrowings (including current portion), other non–current liabilities-guarantee deposits received, lease liabilities (current and non–current)).

• B. Financial risk management policies

• (a) The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, interest rate risk and price risk), credit risk and liquidity risk.

• (b) Risk management is carried out by a central treasury department (Group treasury) under policies approved by the Board of Directors. Group treasury identifies, evaluates, and hedges financial risks in close co-operation with the Group’s operating units. The Board provides written principles for overall risk management, as well as written policies covering specific areas and matters, such as foreign exchange risk, interest rate risk, credit risk, use of derivative and non-derivative financial instruments, and investment of excess liquidity.

• C. Significant financial risks and degrees of financial risks

• (a) Market risk

Foreign exchange risk

• i. The Group operates internationally and is exposed to foreign exchange risk arising from the transactions of the Company and its subsidiaries used in various functional currency, primarily with respect to the USD and RMB. Foreign exchange risk arises from future commercial transactions and recognised assets and liabilities.

• ii. Management has set up a policy to require group companies to manage their foreign exchange risk against their functional currency. The companies are required to hedge their entire foreign exchange risk exposure with the Group treasury.

• iii. The Group hedges foreign exchange risk by using foreign exchange forward contracts. However, these contracts are not accounted for under hedge accounting. The contracts are recorded as financial assets or liabilities at fair value through profit or loss. Please refer to Note 6(2).

• iv. The Group’s businesses involve some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: NTD; other certain subsidiaries’ functional currency: RMB, USD and AUD). The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:

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Foreign currency amount (in thousands) Exchange rate (Foreign currency: functional currency) Financial assets Monetary items USD:NTD 299,982 30.76 USD:HKD 70,093 7.81 USD:AUD 16,647 1.47 NZD:USD 20,512 0.63 RMB:HKD 160,103 1.10 USD:IDR 23,148 15,384.62 USD:NZD 24,589 4.32 HKD:RMB 457,435 0.91 AUD:USD 10,553 0.68 Non-monetary items INR:NTD 17,515,113 0.369767 THB:USD 1,655,790 0.029087 VND:USD 1,270,409,875 0.000041 Financial liabilities Monetary items USD:NTD 539,754 30.76 USD:HKD 151,216 7.81 USD:AUD 9,489 1.47 USD:RMB 3,390 7.11 AUD:USD 2,403 0.68 USD:IDR 15,747 15,384.62 RMB:HKD 166,504 1.10 December31,2023	Book value (NTD)
	9,227,446 $ 2,155,705 511,978 397,498 692,160 712,032 106,304 1,800,996 220,735 6,383,799 $ 1,442,279 1,601,247 16,602,833 $ 4,650,637 291,834 104,259 50,263 484,378 719,833

~83~

Foreign currency amount (in thousands) Exchange rate (Foreign currency: functional currency) Financial assets Monetary items USD:NTD 147,740 30.76 USD:HKD 48,357 7.80 USD:AUD 13,948 1.47 NZD:USD 20,468 0.63 RMB:HKD 1,096,128 1.12 USD:IDR 24,865 15,625.00 HKD:RMB 359,702 0.89 AUD:USD 11,527 0.68 Non-monetary items INR:NTD 15,830,035 0.371673 THB:USD 1,622,119 0.028927 VND:USD 1,245,029,252 0.000042 Financial liabilities Monetary items USD:NTD 125,172 30.76 USD:HKD 194,088 7.80 USD:AUD 14,361 1.47 USD:RMB 2,808 6.97 USD:IDR 24,518 15,625.00 RMB:HKD 707,806 1.12 NTD:RMB 152,451 0.23 RMB:IDR 14,761 2,241.01 December31,2022	Book value (NTD)
	4,544,482 $ 1,487,426 429,040 396,645 4,835,781 759,311 1,419,018 241,108 5,883,598 $ 1,443,353 1,608,478 3,850,291 $ 5,970,006 441,744 86,374 754,174 3,122,623 152,451 65,365

v. For the total exchange gain (loss), including realized and unrealized, arising from significant foreign exchange variation on the monetary items held by the Group for the years ended December 31, 2023 and 2022, please refer to Note 6(29).

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vi. Analysis of foreign currency market risk arising from significant foreign exchange variation:

variation:
		Yearended		December31,	2023
		Sensitivity analysis
					Effect on other
	Degree	of	Effect on profit		comprehensive
	variation			or loss		income
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	1%		$	92,274	$	-
USD:HKD	1%			21,557		-
USD:AUD	1%			5,120		-
NZD:USD	1%			3,975		-
RMB:HKD	1%			6,922		-
USD:IDR	1%			7,120		-
USD:NZD	1%			1,063		-
HKD:RMB	1%			18,010		-
AUD:USD	1%			2,207		-
Financial liabilities
Monetary items
USD:NTD	1%	($		166,028)	$	-
USD:HKD	1%	(		46,506)		-
USD:AUD	1%	(		2,918)		-
USD:RMB	1%	(		1,043)		-
AUD:USD	1%	(		503)		-
USD:IDR	1%	(		4,844)		-
RMB:HKD	1%	(		7,198)		-

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Effect on other Degree of Effect on profit comprehensive variation or loss income (Foreign currency: functional currency) Financial assets Monetary items USD:NTD 1% 45,445 $ - $ USD:HKD 1% 14,874 - USD:AUD 1% 4,290 - NZD:USD 1% 3,966 - RMB:HKD 1% 48,358 - USD:IDR 1% 7,593 - HKD:RMB 1% 14,190 - AUD:USD 1% 2,411 - Financial liabilities Monetary items USD:NTD 1% 38,503) ($ - $ USD:HKD 1% 59,700) ( - USD:AUD 1% 4,417) ( - USD:RMB 1% 864) ( - USD:IDR 1% 7,542) ( - RMB:HKD 1% 31,226) ( - NTD:RMB 1% 1,525) ( - RMB:IDR 1% 654) ( - YearendedDecember31,2022 Sensitivity analysis	Effect on other Degree of Effect on profit comprehensive variation or loss income (Foreign currency: functional currency) Financial assets Monetary items USD:NTD 1% 45,445 $ - $ USD:HKD 1% 14,874 - USD:AUD 1% 4,290 - NZD:USD 1% 3,966 - RMB:HKD 1% 48,358 - USD:IDR 1% 7,593 - HKD:RMB 1% 14,190 - AUD:USD 1% 2,411 - Financial liabilities Monetary items USD:NTD 1% 38,503) ($ - $ USD:HKD 1% 59,700) ( - USD:AUD 1% 4,417) ( - USD:RMB 1% 864) ( - USD:IDR 1% 7,542) ( - RMB:HKD 1% 31,226) ( - NTD:RMB 1% 1,525) ( - RMB:IDR 1% 654) ( - YearendedDecember31,2022 Sensitivity analysis
	- $ - - - - - - - - $ - - - - - - -

Price risk

• i. The Group’s equity instruments, which are exposed to price risk, are the held financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income. To manage the price risk arising from investments in equity instruments, the Group diversifies its portfolio in accordance with the limits set by the Group.

• ii. The Group primarily invests in equity instruments issued by domestic and foreign companies. The prices of equity instruments would be affected by the uncertainty of the future value of underlying investments. If the prices of these equity instruments had increased/decreased by 1% with all other variables held constant, post-tax profit for the years ended December 31, 2023 and 2022 would have increased/decreased by $6,039 and $1,817, respectively, as a result of gains/losses on equity instruments at fair value through profit or loss. Other components of equity would have increased/decreased by $292,846 and $314,519, respectively, as a result of gains/losses from equity instruments at fair value through other comprehensive income.

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Cash flow and fair value interest rate risk

• i. The Group’s interest rate risk arises mainly from short-term borrowings with variable rates, which expose the Group to cash flow interest rate risk. During for years ended December 31, 2023, and 2022, the Group’s borrowings at variable rate were mainly denominated in NTD, USD, and AUD.

• ii. The Group’s borrowings are measured at amortised cost. The borrowings are periodically contractually repriced and to that extent are also exposed to the risk of future changes in market interest rates.

• iii. If the borrowing interest rates had increased/decreased by 0.25% with all other variables held constant, interest expense for the years ended December 31, 2023, and 2022 would have decreased/increased by $208,112 and $203,834, respectively. The main factor is the changes in interest expense resulting from floating-rate borrowings.

• (b) Credit risk

• i. Credit risk refers to the risk of financial loss to the Group arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms.

• ii. The Group manages their credit risk taking into consideration the entire group’s concern. According to the Group’s credit policy, the Group is responsible for managing and analysing the credit risk for each of their new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings. The utilisation of credit limits is regularly monitored.

• iii. If the contract payments were past due over 30 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition after taking into consideration the historical experiences.

• iv. In accordance with historical collections and customers’ credit rating levels, the default occurs when the contract payments are past due over certain periods classified based on the credit rating of customers.

• v. The Group classifies customers’ accounts receivable and lease receivables in accordance with credit rating of customer. The Group applies the modified approach using loss rate method to estimate expected credit loss.

• vi. The Group will continue executing the recourse procedures to secure their rights on those defaulted financial assets. The Group wrote-off the financial assets, which cannot be reasonably expected to be recovered, after initiating recourse procedures. However, the Group will continue executing the recourse procedures to secure their rights.

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vii. The Group used the forecastability to adjust historical and timely information to assess the default possibility of notes receivable (including related parties), accounts receivable (including related parties), overdue receivables, and lease receivables. As of December 31, 2023, and 2022, the assessment is as follows:

Group provision GroupA At December 31, 2023 Expected loss rate 0.2%-0.4% 15% Total book value 80,048,177 $ 1,237,015 $ Loss allowance 234,900) ($ 185,552) ($ Group provision GroupA At December 31, 2022 Expected loss rate 0.2%-0.3% 15% Total book value 79,383,464 $ 1,474,604 $ Loss allowance 214,374) ($ 221,190) ($	GroupB GroupC GroupD Total 50% 75% 100% 593,454 $ 331,375 $ 2,083,329 $ 84,293,350 $ 296,727) ($ 248,532) ($ 2,083,329) ($ 3,049,040) ($ GroupB Group C GroupD Total 50% 75% 100% 293,201 $ 196,516 $ 1,857,845 $ 83,205,630 $ 146,601) ($ 147,387) ($ 1,857,845) ($ 2,587,397) ($ Individualprovision Individualprovision

viii. Movements in relation to the Group applying the modified approach to provide loss allowance for notes receivable, accounts receivable (including related parties), overdue receivables, and lease receivables are as follows:

								2023
			Notes				Accounts Overdue
			receivable				receivable receivables							Total
At January 1	$		20,744			193,630 $ 2,373,023 $					$			2,587,397
Provision for (reversal of)			200					23,731		514,681				538,612
impairment loss
Write-offs					-	(		1,277) (		21,751)	(			23,028)
Effect of exchange rate changes	(		371)			(		1,757) (		51,813)	(			53,941)
At December 31	$		20,573			214,327 $ 2,814,140 $					$			3,049,040
								2022
			Notes		Accounts			Overdue		Other
		receivable			receivable			receivables		receivables				Total
At January 1	$		15,997	$		187,106		2,202,041 $	$			-	$	2,405,144
Provision for (reversal of)			4,387				56,950	171,456		16,626				249,419
impairment loss
Write-offs			-	(			56,590)	44,273) (	(	16,626)			(	117,489)
Effect of exchange rate changes			360				6,164	43,799				-		50,323
At December 31	$		20,744	$		193,630		2,373,023 $	$			-	$	2,587,397

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(c) Liquidity risk

• i. Cash flow forecasting is performed in the operating entities of the Group and aggregated by Group treasury. Group treasury monitors rolling forecasts of the Group’s liquidity requirements to ensure it has sufficient cash to meet operational needs.

• ii. Surplus cash held by the operating entities over and above balance required for working capital management is transferred to the Group treasury. Group treasury invests surplus cash in interest-bearing demand deposits, time deposits, money market deposits, and marketable securities, choosing instruments with appropriate maturities or sufficient liquidity to provide sufficient head-room as determined by the above-mentioned forecasts.

• iii. The Group’s derivative and non-derivative financial liabilities are classified into relevant maturity groups based on the remaining period from the balance sheet date to the contractual maturity date. Except for those maturing within a year whose contractual undiscounted cash flows approximate the amounts presented in the balance sheet, the remaining contractual undiscounted cash flows of non-derivative financial liabilities are disclosed in the table below:

disclosed in the table below:
December 31, 2023 Non-derivative financial liabilities: Lease liabilities (current/non-current) Guarantee deposits received Long-term borrowings (including current portion) December 31, 2022 Non-derivative financial liabilities: Lease liabilities (current/non-current) Guarantee deposits received Long-term borrowings	Less than 1year 204,974 $ - 1,537,978 Less than 1year 185,810 $ - 54,906	Over 1year 448,345 $ 166,355 21,370,087 Over 1year 426,999 $ 190,167 15,931,550	Total
			653,319 $ 166,355 22,908,065 Total
			612,809 $ 190,167 15,986,456

(3) Fair value information

• A. The different levels in which the inputs to valuation techniques are used to measure fair value of financial and non-financial instruments have been defined as follows:

• Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A market is regarded as active where transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The fair value of the Group’s investment in listed stocks is included in Level 1.

• Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The fair value of the Group’s investment in unlisted stocks and derivative instruments is included in Level 2.

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Level 3: Unobservable inputs for the asset or liability. The fair value of the Group’s investment in equity instruments and private equity fund investment without active market is included in Level 3.

• B. Fair value information of investment property at cost is provided in Note 6(13).

• C. Financial instruments not measured at fair value

• The carrying amounts of the Group’s financial instruments not measured at fair value (including cash and cash equivalents, notes receivable, accounts receivable (including related parties), other receivables, current financial assets at amortised cost, non–current financial assets at amortised cost, other non–current assets-refundable deposits, other non–current assets-long-term notes and overdue receivables, other non–current assets-long-term lease receivables, short–term borrowings, short–term notes and bills payable, notes payable, accounts payable, other payables, other current liabilities–refund liability, long–term borrowings(including current portion), and other non–current liabilities-guarantee deposits received) are approximate to their fair values.

• D. The related information of financial and non-financial instruments measured at fair value by level on the basis of the nature, characteristics and risks of the assets and liabilities is as follows:

• (a) The related information of natures of the assets and liabilities is as follows:

December31,2023 Assets: Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities private equity fund Financial products Current financial assets at fair value through other comprehensive income Equity securities Non-current financial assets at fair value through other comprehensive income Equity securities Liabilities: Recurring fair value measurements Financial liabilities at fair value through profit or loss Forward exchange contracts	Level 1 221,972 $ - - 22,207,018 1,351,350 23,780,340 $ - $	Level 2 - $ - 355,146 - 138,462 493,608 $ 426 $	Level3 - $ 26,821 - - 5,587,752 5,614,573 $ - $	Total
				221,972 $ 26,821 355,146 22,207,018 7,077,564
				29,888,521 $
				426 $

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December 31,2022 Assets: Recurring fair value measurements Financial assets at fair value through profit or loss Equity securities Current financial assets at fair value through other comprehensive income Equity securities Non-current financial assets at fair value through other comprehensive income Equity securities Liabilities: Recurring fair value measurements Financial liabilities at fair value through profit or loss Forward exchange contracts	Level 1 181,682 $ 25,768,699 1,106,876 27,057,257 $ - $	Level 2 - $ - 108,598 108,598 $ 4,484 $	Level 3 - $ - 4,467,763 4,467,763 $ - $	Total
				181,682 $ 25,768,699 5,683,237
				31,633,618 $
				4,484 $

• (b) The methods and assumptions the Group used to measure fair value are as follows:

• i. For the instruments the Group used market quoted prices as their fair values (that is, Level

  • 1), listed shares are measured at closing price at the balance sheet date.

• ii. Except for financial instruments with active markets, the fair value of other financial instruments is measured by using valuation techniques or by reference to counterparty quotes. The fair value of financial instruments measured by using valuation techniques can be referred to current fair value of instruments with similar terms and characteristics in substance, discounted cash flow method, or other valuation methods, including calculation by applying model using market information available at the consolidated balance sheet date.

• iii. When assessing non-standard and low-complexity financial instruments, the Group adopts valuation technique that is widely used by market participants. The inputs used in the valuation method to measure these financial instruments are normally observable in the market.

• iv. The output of valuation model is an estimated value and the valuation technique may not be able to capture all relevant factors of the Group’s financial and non-financial instruments. Therefore, the estimated value derived using valuation model is adjusted accordingly with additional inputs, such as model risk or liquidity risk and etc. In accordance with the Group’s management policies and relevant control procedures relating to the valuation models used for fair value measurement, management believes adjustment to valuation is necessary in order to reasonably represent the fair value of

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financial and non-financial instruments in the consolidated balance sheet. The inputs and pricing information used during valuation are carefully assessed and adjusted based on current market conditions.

• v. Forward exchange contracts are usually valued based on the current forward exchange rate.

• vi. The Group takes into account adjustments for credit risks to measure the fair value of financial and non-financial instruments to reflect credit risk of the counterparty and the Group’s credit quality.

• E. For the years ended December 31, 2023 and 2022, there was no transfer between Level 1 and Level 2.

• F. The following chart is the movement of Level 3 for the years ended December 31, 2023 and 2022:

2022:
			2023		2022
			Non-derivative		Non-derivative
		equityinstrument		equityinstrument
At January 1	$		4,467,763	$	4,790,889
Gains and losses recognised in other comprehensive income
Recorded as unrealised gains (losses) on valuation of
investments in equity instruments measured at fair value
through other comprehensive income			1,120,000	(	325,602)
Acquired in the period			27,531		-
Effect of exchange rate changes	(		721)		2,476
At December 31	$		5,614,573	$	4,467,763

• G. For the years ended December 31, 2023 and 2022, there was no transfer into or out from Level 3.

• H. Financial quality management segment is in charge of valuation procedures for fair value measurements being categorised within Level 3, which is to verify independent fair value of financial instruments. Such assessment is to ensure the valuation results are reasonable by applying independent information to make results close to current market conditions, confirming the resource of information is independent, reliable, in line with other resources, and represented as the exercisable price, frequently calibrating valuation model, performing back-testing, updating inputs used to the valuation model, and making any other necessary adjustments to the fair value.

• I. The following is the quantitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:

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Non-derivative equity instrument: Unlisted shares Unlisted shares Private equity fund investment Total Non-derivative equity instrument: Unlisted shares Unlisted shares Total	Fair value at Valuation Significant December31,2023 technique unobservable input 151,032 $ Market comparable companies Discount for lack of marketability 5,436,720 Net asset value Not applicable 26,821 Net asset value Not applicable 5,614,573 $ Fair value at Valuation Significant December31,2022 technique unobservable input 99,749 $ Market comparable companies Discount for lack of marketability 4,368,014 Net asset value Not applicable 4,467,763 $	Range Relationship of (weighted average) inputs to fairvalue 0.7 The higher the discount for lack of marketability, the lower the fair value - Not applicable - Not applicable Range Relationship of (weighted average) inputs to fairvalue 0.7 The higher the discount for lack of marketability, the lower the fair value - Not applicable	Relationship of inputs to fairvalue

• J. The Group has carefully assessed the valuation models and assumptions used to measure fair value. However, using different valuation models or assumptions may result in different measurement. The following is the effect of profit or loss or of other comprehensive income from financial assets and liabilities categorized within Level 3 if the inputs to valuation models have changed:

changed:
Financial assets Equity instrument Equity instrument Financial assets Equity instrument Equity instrument	Input Discount for lack of marketability Net asset value Input Discount for lack of marketability Net asset value	Change ± 10% ± 1% Change ± 10% ± 1%		December	31,2023
			Recognised in		Recognised in other comprehensive income
					Favourable Unfavourable change change 15,103 $ 15,103) ($ 54,367 $ 54,367) ($ 31,2022	Unfavourable change
			Recognised in	Unfavourable change - $ - $ profit or loss	Recognised in other comprehensive income
			Favourable change - $ - $		Favourable Unfavourable change change 9,975 $ 9,975) ($ 43,680 $ 43,680) ($	Unfavourable change

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13. SUPPLEMENTARY DISCLOSURES

(1) Significant transactions information

• A. Loans to others: Please refer to table 1.

• B. Provision of endorsements and guarantees to others: Please refer to table 2.

• C. Holding of marketable securities at the end of the period (not including subsidiaries, associates, and joint ventures): Please refer to table 3.

• D. Acquisition or sale of the same security with the accumulated cost exceeding $300 million or 20% of the Company’s paid-in capital: Please refer to table 4.

• E. Acquisition of real estate reaching $300 million or 20% of paid-in capital or more: Please refer to table 5.

• F. Disposal of real estate reaching $300 million or 20% of paid-in capital or more: Please refer to table 6.

• G. Purchases or sales of goods from or to related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 7.

• H. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 8.

• I. Trading in derivative instruments undertaken during the reporting periods: Please refer to Note 6(2).

• J. Significant inter-company transactions during the reporting periods: Please refer to table 9.

(2) Information on investees

Names, locations, and other information of investee companies (not including investees in Mainland China): Please refer to table 10.

(3) Information on investments in Mainland China

• A. Basic information: Please refer to table 11.

• B. Significant transactions, either directly or indirectly through a third area, with investee companies in the Mainland Area: Please refer to table 9.

(4) Major shareholders information

Major shareholders information: Please refer to table 12.

14. SEGMENT INFORMATION

(1) General information

The Group operates in the distribution industry and is primarily engaged in the sale of 3C and semiconductor products. Given the characteristics of the industry the Group operates in, the Board of Directors and management team set up operating strategies and allocate resources based on the operating performance of IT/Telecom business and semiconductor business.

(2) Measurement of segment information

The chief operating decision-maker of the Group evaluates the performance of the operating segments based on the operating profit (loss). This measurement basis includes operating revenue

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achievement percentage, gross profit achievement percentage, operating income achievement percentage, etc. The chief operating decision-maker reviews the conditions of overspending or underspending monthly, so as to assess the rationality of resources depletion.

(3) Segment information

The segment information provided to the chief operating decision-maker for the reportable segments is as follows:

Year ended December 31, 2023

is as follows: Year ended December 31, 2023
Year ended December 31,2022 Revenue from external customers Inter-segment revenue Segment revenue Segment profit Segment assets Revenue from external customers Inter-segment revenue Segment revenue Segment profit Segment assets	IT/Telecom business 258,256,366 $ 17,137,473 275,393,839 $ 6,034,880 $ 176,781,621 $ IT/Telecom business 286,333,110 $ 25,386,986 311,720,096 $ 6,713,278 $ 185,268,752 $	Semiconductor business Reconciliation 137,734,463 $ - $ 13,248,901 30,386,374) ( 150,983,364 $ 30,386,374) ($ 2,599,434 $ - $ 37,458,700 $ - $ Semiconductor business Reconciliation 138,217,310 $ - $ 17,301,630 42,688,616) ( 155,518,940 $ 42,688,616) ($ 2,424,258 $ - $ 36,377,566 $ - $	Total
			395,990,829 $ -
			395,990,829 $
			8,634,314 $
			214,240,321 $
			Total
			424,550,420 $ -
			424,550,420 $
			9,137,536 $
			221,646,318 $

Year ended December 31,2022

(4) Reconciliation for segment income (loss)

• A. Sales between segments are carried out at arm’s length. The revenue from external customers reported to the chief operating decision-maker is measured in a manner consistent with that in the statement of comprehensive income. A reconciliation of reportable segment (loss) income and the income/(loss) before tax from continuing operations is provided as follows:

Reportable segment profit Total non-operating income and expenses Income before tax	Year ended December31,2023 8,634,314 $ 1,882,434 10,516,748 $	Year ended December31,2022
		9,137,536 $ 11,137,259
		20,274,795 $

• B. The amounts provided to the chief operating decision-maker with respect to total assets are measured in a manner consistent with those in the balance sheet, and the Group’s reportable segment assets equalled to total assets, and thus the reconciliation is not required.

(5) Information on products and services

The Group is primarily engaged in 3C and semiconductor product sales and maintenance, warehouse, logistics and other services, the details on revenue balance are shown as follows:

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Sales revenue Service revenue	Year ended Year ended December31,2023 December31,2022 393,804,180 $ 422,971,310 $ 2,186,649 1,579,110 395,990,829 $ 424,550,420 $

(6) Geographical information

The external revenue is grouped according to the locations of the customers, and the non-current assets are grouped according to the locations of the non-current assets. Breakdown of revenue and non-current assets by geographic area is as follows:

Taiwan Cina and Hong Kong Australia, New Zealand and Indonesia	Revenue Non-current assets (Note) 70,815,531 $ 4,096,255 $ 233,054,550 5,430,501 92,120,748 3,703,660 395,990,829 $ 13,230,416 $ YearendedDecember31,2023	Revenue Non-current assets (Note) 78,957,648 $ 4,135,270 $ 247,903,073 5,073,388 97,689,699 3,447,223 424,550,420 $ 12,655,881 $ Year ended December 31, 2022
	Revenue 70,815,531 $ 233,054,550 92,120,748 395,990,829 $	Revenue 78,957,648 $ 247,903,073 97,689,699 424,550,420 $

Note ： Non-current assets do not include financial assets and deferred income assets.

(7) Major customer information

The Group has no customer accounting for more than 10% of operating revenue for the years ended December 31, 2023 and 2022.

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Table 1

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Loans to others

Year ended December 31, 2023

Expressed in thousands of NTD (Except as otherwise indicated)

Maximum outstanding balance during the year ended General Is a December 31, Balance at ledger related 2023 December No. Creditor Borrower account party （Note 9） 31,2023	Actual amount drawndown	Interest rate	Nature of loan	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral	Collateral	Limit on loans granted to a single party	Ceiling on total loans granted 28,725,718 $ 28,725,718 119,936,967 119,936,967 119,936,967 119,936,967 119,936,967 119,936,967 119,936,967 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768	Footnote
							Item	Value
0 Synnex Technology International Corporation Seper Technology Corporation Other receivables Y 1,000,000 $ 1,000,000 $ 0 Synnex Technology International Corporation Synnex Global Ltd. Other receivables Y 3,247,500 3,075,500 1 Synnex Global Ltd. Synnex Australia Pty. Ltd. Other receivables Y 2,107,900 2,091,300 1 Synnex Global Ltd. Synnex New Zealand Ltd. Other receivables Y 877,455 873,270 1 Synnex Global Ltd. Synnex China Holdings Ltd. Other receivables Y 3,279,975 3,106,255 1 Synnex Global Ltd. Syntech Asia Ltd. Other receivables Y 29,227,500 27,679,500 1 Synnex Global Ltd. Leveltech Ltd. Other receivables Y 1,623,750 1,537,750 1 Synnex Global Ltd. Synnex Technology International (HK) Ltd. Other receivables Y 12,990,000 12,302,000 1 Synnex Global Ltd. Synnex Technology International Corporation Other receivables Y 9,742,500 9,226,500 2 Synnex Investments (China) Ltd. Synnex (Jinan) Ltd. Other receivables Y 253,228 246,422 2 Synnex Investments (China) Ltd. Synnex (Nanchang) Ltd. Other receivables Y 246,422 246,422 2 Synnex Investments (China) Ltd. Synnex (Harbing) Ltd. Other receivables Y 302,097 272,362 2 Synnex Investments (China) Ltd. Synnex(Changsha) Ltd. Other receivables Y 231,015 203,190 2 Synnex Investments (China) Ltd. Synnex (Beijing) Ltd. Other receivables Y 590,866 518,784 2 Synnex Investments (China) Ltd. Synnex Distributions (China) Ltd. Other receivables Y 7,996,680 7,781,760 2 Synnex Investments (China) Ltd. Synnex (Hefei) Ltd. Other receivables Y 153,270 149,150 2 Synnex Investments (China) Ltd. Synnex (Tianjin) Ltd. Other receivables Y 28,877 28,101 2 Synnex Investments (China) Ltd. Synnex (Xiamen) Ltd. Other receivables Y 42,205 41,070 2 Synnex Investments (China) Ltd. Synnex (ZhenZhou) Ltd. Other receivables Y 35,541 34,586 2 Synnex Investments (China) Ltd. Synnex (Shenyang) Ltd. Other receivables Y 22,213 21,616	228,071 $ - - 378,417 3,032,948 25,086,177 59,203 892,971 3,619,864 171,631 229,951 259,219 195,409 445,722 3,890,880 102,892 27,323 10,808 33,289 12,970	1.75%~1.82% - - - - - - - - 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65%	(Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1)	- $ - - - - - - - - - - - - - - - - - - -	Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover	- $ - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - -	- $ - - - - - - - - - - - - - - - - - - -	28,725,718 $ 28,725,718 83,955,877 83,955,877 83,955,877 83,955,877 83,955,877 83,955,877 83,955,877 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768 14,756,768		(Note 2) (Note 2) (Note 3) (Note 3) (Note 3) (Note 3) (Note 3) (Note 3) (Note 3) (Note 4) (Note 4) (Note 4) (Note 4) (Note 4) (Note 4) (Note 4) (Note 4) (Note 4) (Note 4) (Note 4)

Table 1, Page 1

Maximum outstanding balance during the year ended General Is a December 31, Balance at ledger related 2023 December No. Creditor Borrower account party （Note9） 31,2023	Actual amount drawn down	Interest rate	Nature of loan	Amount of transactions with the borrower	Reason for short-term financing	Allowance for doubtful accounts	Collateral	Collateral	Limit on loans granted to a singleparty	Ceiling on total loans granted 43,990,208 $ 43,990,208 43,990,208 120,166 1,729,240	Footnote
							Item	Value
3 Trade Vanguard Global Ltd. Synnex Distributions (China) Ltd. Other receivables Y 19,103,180 $ 18,589,760 3 Trade Vanguard Global Ltd. Synnex Technology International (HK) Ltd. Other receivables Y 4,442,600 4,323,200 3 Trade Vanguard Global Ltd. Synnex Investments (China) Ltd. Other receivables Y 3,554,080 3,458,560 4 E-Fan Investments CO., LTD. Synnex Technology International Corporation Other receivables Y 112,000 112,000 5 Golden Thinking Ltd. Synnex Global Ltd. Other receivables Y 1,264,740 1,254,780	15,866,144 674,643 2,939,776 112,000 -	- - - 1.75%~1.82% -	(Note 1) (Note 1) (Note 1) (Note 1) (Note 1)	- $ - - - -	Operating turnover Operating turnover Operating turnover Operating turnover Operating turnover	- $ - - - -	- - - - -	- $ - - - -	43,990,208 $ 43,990,208 43,990,208 120,166 1,729,240		(Note 5) (Note 5) (Note 5) (Note 6) (Note 7)

Note 1: Short-term financing.

• Note 2: Limit on loans granted to a single party by Synnex Technology International Corporation and ceiling on total loans granted:

• a) Limit on loans granted to a single party is 40% of the net assets value per the latest audited or reviewed financial statements of Synnex Technology International Corporation.

• b) Ceiling on total loans granted to all parties is 40% of the net assets value per the latest audited or reviewed financial statements of Synnex Technology International Corporation.

• Note 3: Limit on loans granted to a single party by Synnex Global Ltd., with an audited net assets value of $119,936,967 based on the latest financial statements(December 31,2023), and ceiling on total loans granted:

• a) Ceiling on loans granted to parties whose shares held by the Company over 80% is 40% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 40% of the aforementioned net assets value.

• b) Ceiling on loans granted to parties whose shares held by the Company under 80% is 20% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 5% of the aforementioned net assets value.

• c) Ceiling on loans granted to the Company’s parent company and non-Taiwanese companies whose voting rights are directly and indirectly held by the Company’s parent company is 100% of the net assets value based on the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 70% of the aforementioned net assets value.

• d) Ceiling on loans granted to Taiwanese subsidiaries which were wholly-owned by the Company’s parent company is 10% of the net assets based on the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 10% of the aforementioned net assets value.

• Note 4: Limit on loans granted to a single party by Synnex Investments (China) Ltd., with an audited net assets value of $14,756,768 based on the latest financial statements(December 31,2023), and ceiling on total loans granted:

• a) Ceiling on loans granted to parties whose shares held by the Company over 80% is 40% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 40% of the aforementioned net assets value.

• b) Ceiling on loans granted to parties whose shares held by the Company under 80% is 20% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 5% of the aforementioned net assets value.

• c) Ceiling on loans granted to parties whose voting rights are directly or indirectly held by the Company and which are located outside Taiwan is 100% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 100% of the aforementioned net assets value.

• Note 5: Limit on loans granted to a single party by Trade Vanguard Global Ltd., with an audited net assets value of $19,995,549 based on the latest financial statements(December 31,2023), and ceiling on total loans granted:

• a) Ceiling on loans granted to parties whose shares held by the Company over 80% is 40% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 40% of the aforementioned net assets value.

• b) Ceiling on loans granted to parties whose shares held by the Company under 80% is 20% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 5% of the aforementioned net assets value.

• c) Ceiling on loans granted to parties whose voting rights are directly or indirectly held by the Company and which are located outside Taiwan is 220% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 220% of the aforementioned net assets value.

• Note 6:Limit on loans granted to a single party by E-Fan Investments CO., LTD., with an audited net assets value of $300,416 based on the latest financial statements(December 31,2023), and ceiling on total loans granted:

• a) Ceiling on loans granted to the subsidiaries which were held by the Company over 80% equity interests is 40% of the net assets based on the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 40% of the aforementioned net assets value.

• b) Ceiling on loans granted to the subsidiaries which were held by the Company less than 80% equity is 20% of the net assets based on the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 5% of the aforementioned net assets value.

• c) Ceiling on loans granted to the Company’s parent company and Taiwan subsidiaries whose equity were wholly held by the Company is 40% of the net assets based on the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 40% of the aforementioned net assets value.

• Note 7: Limit on loans granted to a single party by Golden Thinking Ltd., with an audited net assets value of $172,924 based on the latest financial statements(December 31,2023), and ceiling on total loans granted:

• a) Ceiling on loans granted to parties whose shares held by the Company over 80% is 40% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 40% of the aforementioned net assets value.

• b) Ceiling on loans granted to parties whose shares held by the Company under 80% is 20% of the net assets value per the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 5% of the aforementioned net assets value.

• c) Ceiling on loans granted to the Company’s ultimate parent company and non-Taiwanese companies whose voting rights are directly and indirectly held by the Company’s ultimate parent company is 1000% of the net assets value based on the latest audited or reviewed financial statements of the Company. Limit on loans granted to a single party is 1000% of the aforementioned net assets value.

Note 8: Translated into New Taiwan Dollars using the exchange rate of US: NT=1:30.76.

• Note 9: The limit on loans balance are resolved by the Board of Directors.

Table 1, Page 2

Table 2

Expressed in thousands of NTD (Except as otherwise indicated)

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Provision of endorsements and guarantees to others

Year ended December 31, 2023

Number	Endorser/ guarantor		endorsed/guaranteed Party being	Limit on endorsements/ guarantees provided for a single party	Maximum outstanding endorsement/ guarantee amount as of December 31,2023	Outstanding endorsement/ guarantee amount at December 31,2023	Actual amount drawndown	Amount of endorsements/ guarantees secured with collateral	Ratio of accumulated endorsement/ guarantee amount to net asset value of the endorser/ guarantor company	Ceiling on total amount of endorsements/ guarantees provided （Note1）	Provision of endorsements/ guarantees by parent company to subsidiary	Provision of endorsements/ guarantees by subsidiary to parent company	Provision of endorsements/ guarantees to the party in Mainland China	Footnote
		Companyname	Relationship with the endorser/ guarantor
0 0 0 0 0 0 0 0 0 0 1 2	Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Investments (China) Ltd. Golden Thinking Ltd.	Synnex Global Ltd. Synnex Australia Pty. Ltd. Synnex Technology International (HK) Ltd. Synnex New Zealand Ltd. Seper Technology Corporation Syntech Asia Ltd. Synnex Distributions (China) Ltd. Leveltech Ltd. Trade Vanguard Global Ltd. LianXiang Technology (Shenzhen) Ltd. Synnex Distributions (China) Ltd. Synnex Australia Pty. Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary. D. The endorser/guarantor parent company owns directly and indirectly more than 90% voting shares of the endorsed /guaranteed subsidiary.	71,814,294 $ 71,814,294 71,814,294 71,814,294 71,814,294 71,814,294 71,814,294 71,814,294 71,814,294 71,814,294 14,756,768 1,729,240	27,557,050 $ 10,536,322 18,523,120 1,216,288 2,400,000 23,477,248 2,500,575 454,650 1,623,750 1,106,875 2,665,560 1,027,406	22,451,150 $ 10,218,492 16,373,962 1,181,340 2,400,000 17,788,692 2,368,135 430,570 1,537,750 1,080,800 2,593,920 -	600,107 $ 5,416,269 4,006,013 454,080 410,466 2,844,833 1,064,649 84,274 - 306,538 - -	- $ - - - - - - - - - - -	31% 14% 23% 2% 3% 25% 3% 1% 2% 2% 18% -	143,628,588 $ 143,628,588 143,628,588 143,628,588 143,628,588 143,628,588 143,628,588 143,628,588 143,628,588 143,628,588 14,756,768 1,729,240	Y Y Y Y Y Y Y Y Y Y N N	N N N N N N N N N N N N	N N N N N N Y N N Y Y N	(Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 1) (Note 2) (Note 3)

Note 1: Endorser/ guarantor: Synnex Technology International Corporation

• a) Limit on endorsements and guarantees provided for a single party is 100% of the net assets value per the latest audited or reviewed financial statements of the Company.

• b) Ceiling on total endorsements and guarantees provided for all parties is 200% of the net assets value per the latest audited or reviewed financial statements of the Company.

• Note 2: Endorser/ guarantor: Synnex Investments (China) Ltd. The audited net assets value of Synnex Investments (China) Ltd. amounted to $14,756,768 for the year ended Dectember 31, 2023.

• a) Limit on endorsements and guarantees provided for a single party is 100% of the net assets value per the latest audited or reviewed financial statements of Synnex Investments (China) Ltd..

• b) Ceiling on total endorsements and guarantees provided for all parties is 100% of the net assets value per the latest audited or reviewed financial statements of Synnex Investments (China) Ltd..

• Note 3: Endorser/ guarantor: Golden Thinking Ltd.. The audited net assets value of Golden Thinking Ltd. amounted to $172,924 for the year ended December 31, 2023.

• a) Limit on endorsements and guarantees provided for a single party is 1000% of the net assets value per the latest audited financial statements of Golden Thinking Ltd..

• b) Ceiling on total endorsements and guarantees provided for all parties is 1000% of the net assets value per the latest audited financial statements of Golden Thinking Ltd..

Table 2, Page 1

Table 3

Expressed in thousands of NTD

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Holding of marketable securities at the end of the period (not including subsidiaries, associates, and joint ventures)

December 31, 2023

(Except as otherwise indicated)

Securitiesheld by	Marketable securities	Relationship with the securitiesissuer	General ledgeraccount		As of December31,2023	As of December31,2023		Footnote
				Numberofshares	Bookvalue	Ownership (%)	Fairvalue
Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Total	Lien Hwa Industrial Holdings Corporation UPC Technology Corporation Mitac Information Technology Corporation Tong Da Investment Corporation Mitac Incorporated Harbinger Venture Capital Corporation Harbinger III Venture Capital Corporation Lien Yuan Investment Corp. Taiwan Paging Network Inc. Digitimes Inc. Harbinger Capital Management Co., Ltd.	The issuer’s chairperson is the same as the Company’s chairperson The issuer’s chairperson is the same as the Company’s chairperson The issuer’s director is the same as the Company’s chairperson The issuer’s chairperson is the same as the Company’s chairperson The issuer’s chairperson is the same as the Company’s chairperson The issuer’s chairperson is the same as the Company’s chairperson The issuer’s chairperson is the same as the Company’s director The issuer’s chairperson is the same as the Company’s director None The Company is the issuer’s director The issuer’s chairperson is the same as the Company’s chairperson	Current financial assets at fair value through profit or loss Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income	2,322,231 68,992,033 8,262,486 4,848,125 74,763,853 25,848 19,000 9,217,196 1,450,000 504,000 862,922	154,893 $	0.15% 5.06% 4.86% 19.99% 18.39% 13.05% 19.00% 19.99% 3.58% 2.39% 19.99%	154,893 $
					1,048,679 $ 151,032 138,462 5,192,816 - 493 169,228 - 7,547 16,473		1,048,679 $ 151,032 138,462 5,192,816 - 493 169,228 - 7,547 16,473
					6,724,730 $		6,724,730 $

Table 3, Page 1

As of December 31, 2023

Securitiesheld by	Marketable securities	Relationship with the securitiesissuer	General ledgeraccount	Numberofshares	Bookvalue	Ownership (%)	Fairvalue	Footnote
Bestcom Infotech Corp. Bestcom Infotech Corp. Total Synnex Global Ltd. Synnex Global Ltd. Total King's Eye Investments Ltd. King's Eye Investments Ltd. Peer Developments Ltd. Peer Developments Ltd. Total Synnex (Shanghai) Ltd. Synnex (Guangzhou) Ltd. Synnex (Hangzhou) Ltd. Synnex (Qingdao) Ltd.	Jetwell Computer Co., Ltd. Inforcom Technology Inc. Budworth Investment Ltd. Pilot View Ltd. Hi Food Co., Ltd Listed common stock TD Synnex Corporation Concentrix Corporation Guangdong Yigao Youwu Enterprise Management Consulting Partnership Private Equity Fund Chao Zhao Jin No.7007 Chao Zhao Jin No.7007 Chao Zhao Jin No.7007	Bestcom Infotech Corp. is the issuer’s director Bestcom Infotech Corp. is the issuer’s director None None None None None None None None None None	Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Non-current financial assets at fair value through other comprehensive income Current financial assets at fair value through profit or loss Current financial assets at fair value through other comprehensive income Current financial assets at fair value through other comprehensive income Current financial assets at fair value through profit or loss Current financial assets at fair value through profit or loss Current financial assets at fair value through profit or loss Current financial assets at fair value through profit or loss	3,254,524 1,765,424 125,807 84,457 2,150,000 62,762,015 3,473,888 3,545,840 - - - -	302,671 $ 25,607	8.34% 10.01% 13.83% 1.21% 10.00% 0.51% 3.92% 5.39% - - - -	302,671 $ 25,607
					328,278 $		328,278 $
					- $ -		- $ -
					- $		- $
					24,556 $		24,556 $
					67,079 $		67,079 $
					11,496,991 $ 10,710,027		11,496,991 $ 10,710,027
					22,207,018 $		22,207,018 $
					26,821 $		26,821 $
					173,242 $		173,242 $
					69,297 $		69,297 $
					34,648 $		34,648 $

Table 3, Page 2

As of December 31, 2023

Securitiesheld by	Marketable securities	Relationship with the securitiesissuer	General ledgeraccount	Numberofshares	Bookvalue	Ownership (%)	Fairvalue	Footnote
Synnex (Suzhou) Ltd. Synnex (Wuhan) Ltd.	Chao Zhao Jin No.7007 Chao Zhao Jin No.7007	None None	Current financial assets at fair value through profit or loss Current financial assets at fair value through profit or loss	- -	43,310 $	- -	43,310 $
					34,649 $		34,649 $

Table 3, Page 3

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Acquisition or sale of the same security with the accumulated cost exceeding $300 million or 20% of the Company's paid-in capital

Year ended December 31, 2023

Table 4 Investor	Marketable securities	General ledger account	Counterparty	Relationship with theinvestor	Transaction currency	Balance as at January1,2023	Balance as at January1,2023	Addition	Addition		Disposal	Disposal		Number of Other shares Amount Balance as at (Except as otherwise indicated) Expressed in thousands of NTD December31,2023	Number of Other shares Amount Balance as at (Except as otherwise indicated) Expressed in thousands of NTD December31,2023	Number of Other shares Amount Balance as at (Except as otherwise indicated) Expressed in thousands of NTD December31,2023	Footnote
						Number of shares	Amount	Number of shares	Amount	Number of shares	Selling price	Bookvalue	Gain (loss) on disposal		Number of shares	Amount
Peer Developments Ltd.	TD Synnex Corporation Ordinary Shares	Current financial assets at fair value through other comprehensive income	Trade on the open market	None	USD	3,859,888	$ 11,244,933	-	$ -	386,000	$ 1,189,856	$ 1,570,515	380,659) ($	None	3,473,888	$ 11,496,991

Table 4, Page 1

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Acquisition of real estate reaching NT$300 million or 20% of paid-in capital or more For the year ended December 31, 2023

							For the year ended December 31, 2023	For the year ended December 31, 2023	For the year ended December 31, 2023
Table 5 Real estate acquired by	Real estate acquired	Date of the event	Transaction amount	Status of payment	Counterparty	Relationship with the counterparty	therealestateis disclosed below: If the counterparty is a related party, information as to the last			transaction of	Basis or reference used in setting the price	Reason for acquisition of real estate and status of the Other realestate commitments Expressed in thousands of NTD (Except as otherwise indicated)
							Original owner who sold the real estate to the counterparty	Relationship between the original owner and the acquirer	Date of the original transaction	Amount
Synnex Australia Pty.Ltd	Land, buildings and equipment in Sydney, Australia	2023/5/25	$ 1,482,802	Outstanding Payment	Golden Thinking Ltd.	An affiliate	Australian Co-operative Foods Limited	N	2000/11/2	$ 241,550 (Note 1)	The Board of Directors of the Company took reference to the opinions on price reasonableness from professional appraisal firms and independent appraisers.	Operating needs	N

Note 1 : The previous transferred amount of $241,550 only included the payment for purchase of land. Note 2: Translated into New Taiwan Dollars using the exchange rate of AUD: NT=1:20.9134.

Table 5, Page 1

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Disposal of real estate reaching NT$300 million or 20% of paid-in capital or more

For the year ended December 31, 2023

Table 6

Expressed in thousands of NTD (Except as otherwise indicated)

Real estate disposed by	Transaction date or date of the Date of Real estate event acquisition	Transaction date or date of the Date of Real estate event acquisition	Transaction date or date of the Date of Real estate event acquisition	Bookvalue	Disposal amount	Status of collection of proceeds	Gain (loss) on disposal	Counterparty	Relationship with the seller	Reason for disposal	Basis or reference used in settingtheprice	Other commitments
Golden Thinking Ltd.	Land, buildings and equipment in Sydney, Australia	2023/5/25	2000/11/2	$ 1,482,802	$ 1,482,802	Outstanding receivables	$ -	Synnex Ausralia Pty.Ltd	Affiliated company	To cooperate with overall operating plan of the Group.	The Board of Directors of the Company took reference to the opinions on price reasonableness from professional appraisal firms and independent appraisers.	N

Note : Translated into New Taiwan Dollars using the exchange rate of AUD: NT=1:20.9134.

Table 6, Page 1

Table 7

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Purchases or sales of goods from or to related parties reaching NT$100 million or 20% of paid-in capital or more

Year ended December 31, 2023

Expressed in thousands of NTD (Except as otherwise indicated)

Purchaser/seller	Counterparty	Relationship with the counterparty		Transaction	Transaction		transactions Differences in transaction terms compared to third party	transactions Differences in transaction terms compared to third party	Notes/accountsreceivable (payable)	Notes/accountsreceivable (payable)	Footnote
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Seper Technology Corporation Bestcom Infortech Corp. Bestcom Infortech Corp.	Syntech Asia Ltd. Syntech Asia Ltd. Seper Technology Corporation Bestcom Infortech Corp. Synnex Technology International (HK) Ltd. and its subsidiaries Jetwell Computer Co., Ltd. Getac Technology Corporation Synnex Technology International Corporation Synnex Technology International Corporation Mitac Information Technology Corp.	Direct wholly-owned subsidiary Direct wholly-owned subsidiary Direct wholly-owned subsidiary Direct wholly-owned subsidiary Direct wholly-owned subsidiary Other related party Other related party Parent company Parent company Other related party	(Sales) Purchases Purchases (Sales) (Sales) (Sales) (Sales) (Sales) Purchases (Sales)	5,418,920) ($ 6,902,842 1,680,066 201,919) ( 132,879) ( 205,931) ( 151,792) ( 1,680,066) ( 201,919 497,533) (	(9%) 11% 3% - - - - (28%) 2% (4%)	60 days 60 days 30 days 60 days 30 days 60 days 120 days 30 days 60 days 75 days	Standard selling price and collection terms Standard purchasing price and payment terms Standard purchasing price and payment terms Standard selling price and collection terms Standard selling price and collection terms Standard selling price and collection terms Standard selling price and collection terms Standard selling price and collection terms Standard purchasing price and payment terms Standard selling price and collection terms	Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference	1,643,046 $ 198,588) ( 16,080) ( 50,917 3,380 80,844 51,147 16,080 50,917) ( 329,277	16% (1%) - 1% - 1% 1% 4% (5%) 10%

Table 7, Page 1

Purchaser/seller	Counterparty	Relationship with the counterparty		Transaction	Transaction		transactions Differences in transaction terms compared to third party	transactions Differences in transaction terms compared to third party	Notes/accountsreceivable (payable)	Notes/accountsreceivable (payable)	Footnote
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
Bestcom Infortech Corp. Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Syntech Asia Ltd. Syntech Asia Ltd. Syntech Asia Ltd. Syntech Asia Ltd. Syntech Asia Ltd. Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries PT. Synnex Metrodata Indonesia PT. Synnex Metrodata Indonesia Synnex(Shanghai) Ltd.	Jetwell Computer Co., Ltd. Synnex Technology International Corporation Synnex Distributions (China) Ltd. Syntech Asia Ltd. Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International (HK) Ltd. and its subsidiaries Mitac Computing Technology Corporation LianXiang Technology (Shenzhen) Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Distributions (China) Ltd. PT. Mitra Integrasi Informatika PT. Aneka Teknologi Utama LianXiang Technology (Shenzhen) Ltd.	Other related party Parent company An affiliate An affiliate Parent company Parent company An affiliate Other related party An affiliate An affiliate An affiliate An affiliate Other related party Other related party An affiliate	(Sales) Purchases (Sales) (Sales) (Sales) Purchases Purchases (Sales) (Sales) Purchases (Sales) Purchases (Sales) (Sales) (Sales)	198,881) ($ 132,879 7,467,949) ( 3,235,374) ( 6,902,842) ( 5,418,920 3,235,374 2,578,898) ( 594,388) ( 7,467,949 349,716) ( 349,716 1,317,315) ( 677,523) ( 224,888) (	(2%) - (16%) (7%) (6%) 5% 3% (2%) (1%) 10% - 1% (4%) (2%) (94%)	60 days 30 days 90 days after receipt of goods 30 days 60 days 60 days 30 days 120 days 90 days 90 days after receipt of goods 30 days 30 days 30 days 30 days 90 days	Standard selling price and collection terms Standard purchasing price and payment terms Standard selling price and collection terms Standard selling price and collection terms Standard selling price and collection terms Standard purchasing price and payment terms Standard purchasing price and payment terms Standard selling price and collection terms Standard selling price and collection terms Standard purchasing price and payment terms Standard selling price and collection terms Standard purchasing price and payment terms Standard selling price and collection terms Standard selling price and collection terms Standard selling price and collection terms	Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference Insignificant difference	20,833 $ 3,380) ( 249,742 - 198,588 1,643,046) ( - 47,986 98,298 249,742) ( - - 43,584 167,541 -	1% - 4% - 1% (39%) - - 1% (13%) - - 1% 3% -

Table 7, Page 2

Purchaser/seller	Counterparty	Relationship with the counterparty		Transaction	Transaction		transactions Differences in transaction terms compared to third party	transactions Differences in transaction terms compared to third party	Notes/accountsreceivable (payable)	Notes/accountsreceivable (payable)	Footnote
			Purchases (sales)	Amount	Percentage of total purchases (sales)	Credit term	Unit price	Credit term	Balance	Percentage of total notes/accounts receivable (payable)
LianXiang Technology (Shenzhen) Ltd. LianXiang Technology (Shenzhen) Ltd.	Synnex(Shanghai) Ltd. Syntech Asia Ltd.	An affiliate An affiliate	Purchases Purchases	224,888 $ 594,388	5% 13%	90 days 90 days	Standard purchasing price and payment terms Standard purchasing price and payment terms	Insignificant difference Insignificant difference	- $ 98,298) (	- (19%)

Table 7, Page 3

Table 8

Expressed in thousands of NTD

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Receivables from related parties reaching NT$100 million or 20% of paid-in capital or more

December 31, 2023

(Except as otherwise indicated)

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31,2023	Turnover rate	Overdue receivables	Overdue receivables	Amount collected subsequent to the balance sheet date	Allowance for doubtful accounts
					Amount	Action taken
Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Bestcom Infortech Corp. Synnex Global Ltd. Syntech Asia Ltd Golden Thinking Ltd. Fortune Ideal Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Investments (China) Ltd. Synnex(Shanghai) Ltd. Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. PT. Synnex Metrodata Indonesia	Syntech Asia Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Distributions (China) Ltd. Mitac Information Technology Corp. Synnex Australia Pty. Ltd Synnex Technology International Corporation Synnex Australia Pty. Ltd Synnex Australia Pty. Ltd Synnex Distributions (China) Ltd. LianZhongHongYu Information Technology(Beijing) Co.,Ltd. LianXiang Technology (Shenzhen) Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology Development Ltd. PT. Aneka Teknologi Utama	Direct wholly-owned subsidiary Direct wholly-owned subsidiary Indirect wholly-owned subsidiary Other related party Indirect wholly-owned subsidiary Parent An affiliate An affiliate An affiliate Parent An affiliate An affiliate An affiliate Other related party	6,287,224 $ 106,388 131,739 329,277 215,325 198,588 1,243,971 163,156 577,250 112,620 372,745 1,800,930 210,086 172,044	6.26 6.26 - 3.38 - 8.65 - - 5.52 - - - - 7.56	- $ - - - - - - - - - - - - -	- - - - - - - - - - - - - -	5,530,992 $ 95,952 - 263,285 - 198,588 685 - 577,250 21,616 372,745 5,337 210,086 155,027	- $ - - - - - - - - - - - - -

Note : Refer to table 1 for the details of the accounts receivable arising from loans to others.

Table 8, Page 1

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Significant inter-company transactions during the reporting periods

Year ended December 31, 2023

			Year ended December 31, 2023
Table 9 Number (Note 1)	Companyname	Counterparty	Relationship		Transaction Expressed in thousands of NTD (Except as otherwise indicated)
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 2)
0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 4 4	Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Seper Technology Corporation Synergy Intelligent Logistics Corporation Synnex Global Ltd. Syntech Asia Ltd. Syntech Asia Ltd.	Syntech Asia Ltd. Syntech Asia Ltd. Syntech Asia Ltd. Syntech Asia Ltd. Syntech Asia Ltd. Bestcom Infortech Corp. Synnex Australia Pty. Ltd Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. Synergy Intelligent Logistics Corporation Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International Corporation Synnex Technology International Corporation Synnex Australia Pty. Ltd Synnex Technology International Corporation Synnex Technology International Corporation	Parent company to directly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Parent company to indirectly wholly-owned subsidiary Parent company to indirectly wholly-owned subsidiary Parent company to indirectly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Parent company to directly wholly-owned subsidiary Directly wholly-owned subsidiary to parent company Directly wholly-owned subsidiary to parent company Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary Directly wholly-owned subsidiary to parent company Directly wholly-owned subsidiary to parent company	Sales Accounts receivable Other receivables Other receivables Other revenue Sales Other revenue Other receivables Other revenue Other revenue Sales Other receivables Sales Sales Other receivables Sales Accounts receivable	5,418,920 $ 1,643,046 3,887,945 756,233 998,413 201,919 218,618 131,739 131,739 116,926 132,879 103,008 1,680,066 375,658 215,325 6,902,842 198,588	The same with third parties The same with third parties - Note 4 Note 8 The same with third parties Note 8 Note 4 Note 8 Note 7, 8 The same with third parties Note 4 The same with third parties The same with third parties Note 4 The same with third parties The same with third parties	1% 1% 2% - - - - - - - - - - - - 2% -

Table 9, Page 1

Transaction

Number (Note 1)	Companyname	Counterparty	Relationship	General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 2)
4 5 5 6 6 7 7 7 7 8 9 9 10 10 10 11	Syntech Asia Ltd. Golden Thinking Ltd. Golden Thinking Ltd. Fortune Ideal Ltd. Fortune Ideal Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Investments (China) Ltd. Synnex(Shanghai) Ltd. Synnex(Shanghai) Ltd. Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. LianXiang Technology (Shenzhen) Ltd.	LianXiang Technology (Shenzhen) Ltd. Synnex Australia Pty. Ltd. Synnex Australia Pty. Ltd. Synnex Australia Pty. Ltd. Synnex Australia Pty. Ltd. Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. Syntech Asia Ltd. LianZhongHongYu Information Technology(Beijing) Co.,Ltd. LianXiang Technology (Shenzhen) Ltd. LianXiang Technology (Shenzhen) Ltd. Synnex Technology Development Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries Synnex Technology International (HK) Ltd. and its subsidiaries Syntech Asia Ltd.	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary Directly wholly-owned subsidiary to directly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary Indirectly wholly-owned subsidiary to directly wholly-owned subsidiary Indirectly wholly-owned subsidiary to directly wholly-owned subsidiary Indirectly wholly-owned subsidiary to directly wholly-owned subsidiary	Sales Property, plant, and equipment Other receivables Property, plant, and equipment Other receivables Sales Accounts receivable Other receivables Sales Other receivables Sales Other receivables Other receivables Sales Other receivables Other revenue	594,388 1,483,804 1,243,971 174,058 163,156 7,467,949 249,742 327,508 3,235,374 112,620 224,888 372,745 210,086 349,716 1,800,930 100,838	The same with third parties - - - - The same with third parties The same with third parties - The same with third parties - The same with third parties - - The same with third parties - Note 8	- 1% 1% - - 2% - 1% - - - - - 1% - -

Note 1: The numbers filled in for the transaction company in respect of inter-company transactions are as follows:

(1)Parent company is ‘0’.

(2)The subsidiaries are numbered in order starting from ‘1’.

Note 2: Percentage of total consolidated revenues or total assets is calculated using the total consolidated assets at the end of the period when the subject of transaction is an asset/liability, and is calculated using total consolidated revenues during the period when the subject of transaction is a revenue/expense.

Note 3: It is not disclosed for individual transaction below $100 million.

Note 4: For information relating to receivables from related parties arising on financing, please refer to table 1 Loans to others.

Note 5: For information relating to endorsements and guarantees between the Company and subsidiaries, please refer to table 2 Provision of endorsements and guarantees to others. Note 6: It was the Company’s technical service receivable from related parties.

Note 7: Represents rent revenue from related parties.

Note 8: Represents technical service revenue from the Company’s provision of technical service to related parties.

Table 9, Page 2

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Information on investees

Year ended December 31, 2023

				Year ended December 31, 2023	Year ended December 31, 2023
Table 10 Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at December 31,2023			Net profit (loss) of the investee for the year ended December 31,2023	Investment income(loss) recognised by the Company for the year ended December 31,2023 Footnote Expressed in thousands of NTD (Except as otherwise indicated)
				Balance as at December 31,2023	Balance as at December 31,2022	Number of shares	Ownership (%)	Book value
Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation Synnex Technology International Corporation E-Fan Investments CO., LTD. Synergy Intelligent Logistics Corporation Synnex Global Ltd.	Synnex Global Ltd. Bestcom Infotech Corp. E-Fan Investments CO., LTD. Synergy Intelligent Logistics Corporation Seper Technology Corporation Synergy Technology Services Corporation Syntech Asia Ltd. Synnex Technology International (HK) Ltd. and its subsidiaries PT. Synnex Metrodata Indonesia Redington Limited Leveltech Ltd. Synergy Intellingent Logistics (HK) Corporation King's Eye Investments Ltd.	British Virgin Islands Taiwan Taiwan Taiwan Taiwan Taiwan Hong Kong Hong Kong Indonesia India Hong Kong Hong Kong British Virgin Islands	Investment holding Sales of 3C products Investment holding Warehouse and logistics services Sales of 3C products Maintenance and technical services Sales of semiconductor products Sales of 3C products Sales of 3C products Sales of 3C products Sales of semiconductor products Warehouse and logistics services Investment holding	17,607,381 $ 1,677,762 1,145,384 50,000 1,426 100,000 43,474 290,107 3,038,867 11,995,229 15,407 7,338 1,921,480	17,607,381 $ 1,677,762 1,145,384 50,000 1,426 1,000 43,474 290,107 3,038,867 11,995,229 15,407 7,338 1,921,480	548,250,000 103,203,296 22,500,000 5,000,000 100,000 10,000,000 300,000 60,000,000 150,000 188,591,880 300,000 1,500,000 62,477,000	100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 50.00 24.13 100.00 100.00 100.00	119,936,968 $ 2,345,961 300,416 175,590 79,755 99,944 1,041,298 1,454,712 2,670,255 6,383,799 44,038 7,773 10,585,588	3,002,514 $ 298,028 18,447 69,939 76,324 43) ( 777,752 696,937 1,183,096 5,257,397 21,074 420 1,325,632	3,002,514 $ 298,028 18,447 69,939 76,324 43) ( 777,752 696,937 591,548 1,097,535 - - -	Note 1 Note 1 Note 1

Table 10, Page 1

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31,2023	Shares held as at December 31,2023	Shares held as at December 31,2023	Net profit (loss) of the investee for the year ended December 31,2023	Investment income(loss) recognised by the Company for the year ended December 31,2023	Footnote
				Balance as at December 31,2023	Balance as at December 31,2022	Number of shares	Ownership (%)	Book value
Synnex Global Ltd. Synnex Global Ltd. Synnex Global Ltd. Synnex Global Ltd. King's Eye Investments Ltd. King's Eye Investments Ltd. Synnex Global Ltd. King's Eye Investments Ltd. Synnex Global Ltd. King's Eye Investments Ltd. King's Eye Investments Ltd. King's Eye Investments Ltd. King's Eye Investments Ltd. Synnex Global Ltd. Synnex Global Ltd. Synnex Global Ltd.	Synnex China Holdings Ltd. Synnex Mauritius Ltd. Peer Developments Ltd. Trade Vanguard Global Ltd. Laser Computer Holdings Ltd. Synnex Australia Pty. Ltd. Synnex Australia Pty. Ltd. Synnex New Zealand Ltd. Synnex New Zealand Ltd. Synnex (Thailand) Public Company Ltd. Synnex FPT Joint Stock Company Fortune Ideal Ltd. Golden Thinking Ltd. Golden Thinking Ltd. Synnex Investments (China) Ltd. Synnex Distributions (China) Ltd.	British Virgin Islands Mauritius British Virgin Islands British Virgin Islands British Virgin Islands Australia Australia New Zealand New Zealand Thailand Vietnam Hong Kong Hong Kong Hong Kong China China	Investment holding Investment holding Investment holding Investment holding Investment holding Sales of 3C products Sales of 3C products Sales of 3C products Sales of 3C products Sales of 3C products Sales of 3C products Real estate Real estate Real estate Investment holding Sales of 3C products	3,081,651 $ 31 962,632 23,066,250 1,133,229 912,962 5,228,350 31,432 194,064 274,147 885,372 57,087 110,236 1,062,401 9,906,186 4,720,893	3,081,651 $ 738,120 962,632 19,990,750 1,133,229 912,962 5,224,506 31,432 194,833 274,147 885,372 57,087 110,236 1,061,620 9,906,186 4,720,893	100,200,000 1,000 30,200,001 750,000,000 36,850,001 233,250,000 - 1,500,000 - 338,939,513 55,854,748 14,500,000 28,000,000 - - -	100.00 100.00 100.00 100.00 100.00 100.00 - 100.00 - 40.00 47.27 100.00 100.00 - - -	11,723,817 $ 23,103 22,546,943 19,995,544 - 6,844,186 5,228,350 193,763 194,064 1,442,279 1,601,247 225,151 172,924 1,062,401 9,906,186 4,720,893	1,437,104 $ 49,544) ( 234,805 29,990 - 832,015 - 22,292 - 460,706 596,572 6,439 15,591 - - -	- $ - - - - - - - - - - - - - - -	Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 2 Note 1 Note 2 Note 1 Note 1 Note 1 Note 1 Note 2 Note 2 Note 2

Table 10, Page 2

Investor	Investee	Location	Main business activities	Initial investment amount	Initial investment amount	Shares held as at December 31,2023	Shares held as at December 31,2023	Shares held as at December 31,2023	Net profit (loss) of the investee for the year ended December 31,2023	Investment income(loss) recognised by the Company for the year ended December 31,2023	Footnote
				Balance as at December 31,2023	Balance as at December 31,2022	Number of shares	Ownership (%)	Book value
Synnex Global Ltd. Bestcom Infotech Corp. Bestcom Infotech Corp. Bestcom Infotech Corp.	Synnex (Shanghai) Ltd. Bizwave Tech Co., Ltd. Asgard System, Inc. I-Direction Co., Ltd.	China Taiwan Taiwan Taiwan	Sales of semiconductor products and Warehouse and logistics services Wholesale and retailing of computer software and hardware. Accreditaion and consulting services. Wholesale of computer software and hardware. Computer information system planning, analysis and design. Wholesale and retailing of computers. Information system provider.	1,014,915 $ 19,940 19,956 8,000	1,014,915 $ 19,940 19,956 8,000	- 2,000,000 2,400,000 800,000	- 100.00 20.00 40.00	1,014,915 $ 28,497 29,096 -	- $ 3,349 6,460 -	- $ - - -	Note 2 Note 1 Note 1 Note 1

Note 1: Investment income (loss) is not disclosed as the profit or loss of the investees of the Company’s directly wholly-owned subsidiaries was recognised by each investor company. Note 2: The investment amount is an amount for long-term investment.

Table 10, Page 3

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Information on investments in Mainland China

Year ended December 31, 2023

					Year ended December 31, 2023	Year ended December 31, 2023
Table 11 Investee in Mainland China	Main business activities	Paid-in capital （Note10）	Investment method （Note1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2023	December31,2023（Note 10） Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the year ended		Accumulated amount of remittance from Taiwan to Mainland China as of December 31,2023	Net income of investee for the year ended December 31,2023	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2023 （Note 3）	Book value of investments in Mainland China as of December 31,2023	Accumulated amount of investment income remitted back to Taiwan as of December 31,2023 Footnote Expressed in thousands of NTD (Except as otherwise indicated)
					Remitted to Mainland China	Remitted back toTaiwan
Laser International Trading (Shanghai) Company Ltd. Hi Food (Shanghai) Co., Ltd. Synnex Investments (China) Ltd. Synnex Distributions (China) Ltd. Synnex (Shanghai) Ltd. Synnex (Beijing) Ltd. Synnex (Nanjing) Ltd. Synnex (Chengdu) Ltd. Synnex (Shenyang) Ltd. Synnex (Tianjin) Ltd. Synnex (Hangzhou) Ltd. Synnex (Qingdao) Ltd. Synnex (Guangzhou) Ltd. Synnex (Xi’an) Ltd. Synnex (Suzhou) Ltd. Synnex (Wuhan) Ltd. Synnex (Jinan) Ltd. Synnex (Zhengzhou) Ltd. Synnex (Changsha) Ltd. Synnex (Hefei) Ltd.	International trade Manufacture and sales of food Investment holding Sales of 3C products Sales of semiconductor products and warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services	30,755 $ 615,100 6,151,000 10,149,150 676,610 276,795 153,775 153,775 92,265 138,398 153,775 153,775 369,060 123,020 184,530 153,775 153,775 153,775 123,020 187,606	2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2	30,755 $ 55,359 6,151,000 10,149,150 676,610 276,795 153,775 153,775 92,265 138,398 153,775 153,775 369,060 123,020 184,530 153,775 153,775 153,775 123,020 187,606	- $ - - - - - - - - - - - - - - - - - - -	- $ - - - - - - - - - - - - - - - - - - -	30,755 $ 55,359 6,151,000 10,149,150 676,610 276,795 153,775 153,775 92,265 138,398 153,775 153,775 369,060 123,020 184,530 153,775 153,775 153,775 123,020 187,606	75,927 $ - 1,119,246 1,013,114 172,544 23,235) ( 1,239 5,227 2,339) ( 4,963) ( 3,830 1,734 1,400 6,959 4,232 4,327 6,891 1,382) ( 3,333) ( 8,685	100.00 10.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00	75,927 $ - 1,119,246 1,013,114 172,544 23,235) ( 1,239 5,227 2,339) ( 4,963) ( 3,830 1,734 1,400 6,959 4,232 4,327 6,891 1,382) ( 3,333) ( 8,685	174,045 $ 55,359 14,756,765 16,251,549 1,141,824 204,552 161,503 176,191 104,123 77,809 157,121 135,395 341,294 128,682 167,267 145,279 189,197 132,475 58,763 131,057	－ － － － － － － － － － － － － － － － － － － －	(Note 2) (Note 4) (Note 2) (Note 5) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6)

Table 11, Page 1

Investee in Mainland China	Main business activities	Paid-in capital （Note10）	Investment method （Note1）	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2023	Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the year ended December31,2023（Note10）	Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the year ended December31,2023（Note10）	Accumulated amount of remittance from Taiwan to Mainland China as of December 31,2023	Net income of investee for the year ended December 31,2023	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2023 （Note 3）	Book value of investments in Mainland China as of December 31,2023	Accumulated amount of investment income remitted back to Taiwan as of December 31,2023	Footnote
					Remitted to Mainland China	Remitted back toTaiwan
Synnex (Nanchang) Ltd. Synnex (Harbing) Ltd. Synnex (Xiamen) Ltd. Synnex Technology Development (Beijing) Ltd. LianXiang Technology (Shenzhen) Ltd. Jifu Intelligent Logistics Corporation	Warehouse and logistics services Warehouse and logistics services Warehouse and logistics services Sales of 3C products Sales of semiconductor products Warehouse and logistics services	123,020 $ 153,775 184,530 220,484 144,549 216,161	2 2 2 2 2 2	123,020 $ 153,775 184,530 - 6,151 216,161 20,317,630 $	- $ - - - 138,398 - 138,398 $	- $ - - - - - - $	123,020 $ 153,775 184,530 - 144,549 216,161 20,456,028 $	13,342) ($ 2,769 7,258 34,244 32,644 20,842	100.00 100.00 100.00 100.00 100.00 100.00	13,342) ($ 2,769 7,258 34,244 32,644 20,842	9,415) ($ 9,129 142,741 313,798 345,819 239,781	－ － － － － －	(Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 6) (Note 2) (Note 7) (Note 2) (Note 8) (Note 6) (Note 11)

• Note 1: Investment methods are classsified into the following three categories; fill in the number of category each case belongs to:

(1) Directly invest in a company in Mainland China.

(2) Through investing in an existing company in the third area, which then invested in the investee in Mainland China.

Note 2: Indirect investment in PRC through existing companies located in the third area. Partial capital of Synnex (Nanjing) Ltd. and Synnex (Shenyang) Ltd. were invested by indirect wholly-owned subsidiary, and total membership contributions are US$1,500 and US$3,000 thousand, respectively. Due to the Company’s restructuring in November 2008, the entire capital of Synnex Distributions (China) Ltd., Synnex (Shanghai) Ltd., Synnex (Beijing) Ltd., Synnex (Nanjing) Ltd. and Synnex (Chengdu) Ltd., amounting to US$13,000, US$22,000, US$9,000, US$1,000 and US$2,000 thousand, respectively, was changed to be owned by Synnex Investments (China) Ltd. Total membership contribution is USD$47,000 thousand.

Note 3: Investment income (loss) for the year ended December 31, 2023 were recognised based on the financial statements which were reviewed by independent auditors.

Note 4: Laser International Trading (Shanghai) Company Ltd. is a 100% owned subsidiary of Groupware Solutions Ltd., which is a wholly-owned subsidiary of Synnex Technology International (HK) Ltd. Synnex Technology International (HK) Ltd. is an direct wholly-owned subsidiary of the Company. Total membership contribution is US$1,000 thousand.

Note 5: Hi Food (Shanghai) Co., Ltd. is a 10% owned invested company of Hi Food Co., Ltd. Hi Food Co., Ltd. is 10% indirectly owned by the Company. Total membership contribution is US$1,800 thousand.

Note 6: Synnex Investments (China) Ltd. is a 100% owned subsidiary of Synnex China Holdings Ltd. Synnex China Holdings Ltd. is an indirect wholly-owned subsidiary of the Company. Total membership contribution is US$200,000 thousand. Additionally, Synnex Investments (China) Ltd. reinvested in other subsidiaries in Mainland China. Total membership contribution is translated into New Taiwan Dollars using the exchange rate of US$1:NT$30.76.

Note 7: Synnex Technology Development (Beijing) Ltd. is a 100% owned subsidiary of Synnex Distributions (China) Ltd. Synnex Distributions (China) Ltd. is an indirect wholly-owned subsidiary of the Company. Total membership contribution is RMB$50,000 thousand.

Note 8: LianXiang Technology (Shenzhen) Ltd. is a 100% owned subsidiary of Peer Developments Ltd. Peer Developments Ltd. is an indirect wholly-owned subsidiary of the Company. Total membership contribution is US$4,700 thousand.

Note 9: Synnex Distributions (China) Ltd. is a 100% owned subsidiary of Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. is an indirect wholly-owned subsidiary of the Company. Total membership contribution is USD$100,000 thousand.

Note 10: Translated into New Taiwan Dollars using the exchange rates of US$1:NT30.76 and RMB$1:NT$4.3232. Note 11: Jifu Intelligent Logistics Corporation is a 100% owned subsidiary of Synnex Investments (China) Ltd. Synnex Investments (China) Ltd. is an indirect wholly-owned subsidiary of the Company. Total membership contribution is RMB$50,000 thousand.

Companyname	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2023	Investment amount approved by the Investment Commission of the Ministry of Economic Affairs(MOEA)	Ceiling on investments in Mainland China imposed by the Investment Commission of MOEA
Synnex Technology International Corporation(Note)	$ 20,456,028	$ 24,930,003	$ 44,699,221

Note: The ceiling is calculated based on the Tai-Tsai-Tseng (1) Letter No. 006130 issued by the Securities and Futures Commission, Ministry of Finance, Executive Yuan (90), effective November 16, 2001.

Table 11, Page 2

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Table 12

Major shareholders information

December 31, 2023

Name of major shareholders	Shares	Shares
	Number of shares held	Shareholdingratio
Mitac Incorporated Independent accounts securities investment trust fund of Cathay MSCI Taiwan ESG Sustainability High Dividend Yield ETF (umbrella fund) entrusted to Taishin International Bank	260,521,054 129,025,000	15.61% 7.73%

Note 1: The major shareholders information was derived from the data that the Company issued common shares (including treasury shares) and preference shares in dematerialised form which were registered and held by the shareholders above 5% on the last operating date of each quarter and was calculated by Taiwan Depository & Clearing Corporation.

The share capital which was recorded in the financial statements may differ from the actual number of shares issued in dematerialised form because of a different calculation basis.

Note 2: If the aforementioned data contains shares which were held in trust by the shareholders, the data disclosed is the settlor’s separate account for the fund set by the trustee.

As for the shareholder who reports share equity as an insider whose shareholding ratio is greater than 10% in accordance with Securities and Exchange Act,

the shares include the self-owned shares and shares held in trust, and at the same time, the shareholder has the power to decide how to allocate the trust assets. The information on the reported share equity of insider is provided in the “Market Observation Post System”.

Table 12, Page 1