~1~

SYNNEX TECHNOLOGY INTERNATIONAL
CORPORATION AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS' REPORT
DECEMBER 31, 2025 AND 2024

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.

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES
DECEMBER 31, 2025 AND 2024 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 ~ 94
(1) HISTORY AND ORGANISATION	22
(2) THE DATE OF AUTHORISATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORISATION	22
(3) APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS	22 ~ 24

~2~

Contents

(4) SUMMARY OF MATERIAL ACCOUNTING POLICIES 24 ~ 39
(5) CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY 39 ~ 40
(6) DETAILS OF SIGNIFICANT ACCOUNTS 40 ~ 74
(7) RELATED PARTY TRANSACTIONS 74 ~ 77
(8) PLEDGED ASSETS 77
(9) SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS 77 ~ 78
(10) SIGNIFICANT DISASTER LOSS 78
(11) SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE 78
(12) OTHERS 79 ~ 91
(13) SUPPLEMENTARY DISCLOSURES 92
(14) SEGMENT INFORMATION 92 ~ 94

~4~

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, 2025 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

Matthew Miau Feng Chiang, Chairman

March 10, 2026

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

PWCR2500389

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, 2025 and 2024, 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, 2025 and 2024, 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

~5~

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 2025 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 2025 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 recognized on a case-by-case basis. The assessment process is affected by management’s judgement on various factors: customers’ financial conditions, internal

~6~

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 forward-looking 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:

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.
For individually assessed accounts, selected and verified samples of managements' impairment evaluation. Discussed with management the assessment results and evaluated the provision.
For accounts assessed as a group, considered historical uncollectible records and the management's forward-looking 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 to Note 6(8) for details of inventory items.

For the purpose of meeting diverse customer needs, the Group applied multi-brand and

~7~

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 realizable value. The net realizable value of inventory was identified on an item-by-item basis. The Group then applied the lower of cost or net realizable value method for recognizing loss on decline in market value.

As management's judgement on net realizable 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:

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.
Obtained net realizable 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 realizable value method for valuation and examined whether reasonable allowance was recognized.
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.

Assessment of purchase rebate receivable

Description

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

~8~

receivable. Please refer to Note 6(7) for the details of receivables from suppliers.

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 purchase rebate receivable 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 purchase rebate receivable. All of these aforementioned factors add to the complexity of assessing purchase rebate receivable. Thus, we indicated that the assessment of purchase rebate receivable 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:

Obtained an understanding and tested the internal controls over the estimation of purchase rebate receivable. Tested the appropriate controls over contractual terms regarding rebates. Checked whether the recognition of rebate amount has been approved by the proper authority.
For the purchase rebate receivable which have been recognized as of the balance sheet date but not yet confirmed by vendors, in addition to performing sampling and testing of evidence regarding confirmed purchase rebate receivable or other supporting documents, examined whether there exists any incidents of additional significant purchase rebate receivable occurring after balance sheet date that should have been recognized in the books of accounts as of balance sheet date.
For the purchase rebate receivable which have been recognized but not yet confirmed by suppliers after balance sheet date, performed details sampling regarding estimation of purchase rebate receivable, obtained supporting documents of the

~9~

sampled products, and recalculated both estimated amount and recognized amount of purchase rebate receivable.

Selected samples of significant outstanding purchase 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 included in these financial statements, is based solely on the reports of the other auditors. Those subsidiaries' statements reflect total assets of NT$0 thousand and $272 thousand, constituting 0% and 0% of the consolidated total assets as of December 31, 2025 and 2024, 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 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, 2025 and 2024, the recognized net profit of investments accounted for using equity method was NT$1,830,305 thousand and $1,378,447 thousand, respectively, constituting 20% and 14% of the consolidated net profits, respectively; the recognized comprehensive income of investments accounted for using equity method was NT$1,911,250 thousand and $1,506,748 thousand, respectively, constituting 19% and 14% of the consolidated comprehensive income, respectively. As of December 31, 2025 and 2024, the balance of related investments was NT$9,854,393 thousand and $9,141,373 thousand, respectively, constituting 5% and 4% of the consolidated total assets, respectively.

Other matter – Parent company only financial reports

We have audited and expressed an unmodified 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, 2025 and 2024.

~10~

~11~

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 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:

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.
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.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
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 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.
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.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the

~12~

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.

Huang, Shih-Chun
Liang, Yi Chang
For and on behalf of PricewaterhouseCoopers, Taiwan
March 10, 2026

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.

~14~

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollar)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current assets
1100	Cash and cash equivalents	6(1)	$ 24,422,175	11	$ 25,817,640	12
1110	Current financial assets at fair value through profit or loss	6(2)	8,511,301	4	3,570,081	2
1120	Current financial assets at fair value through other comprehensive income	6(3)	12,626,472	6	18,415,381	8
1136	Current financial assets at amortised cost	6(4)	628,600	-	3,447,675	2
1150	Notes receivable, net	6(5)	5,959,451	3	5,202,468	2
1170	Accounts receivable, net	6(5) and 8	69,912,707	32	71,899,683	32
1180	Accounts receivable - related parties, net	6(5) and 7(2)	834,346	1	546,153	-
1200	Other receivables	6(7) and 7(2)	3,626,779	2	5,399,500	2
1220	Current income tax assets		366,766	-	337,413	-
130X	Inventories	6(8) and 8	43,762,538	20	47,683,759	21
1410	Prepayments		6,861,669	3	3,145,203	1
11XX	Total current assets		177,512,804	82	185,464,956	82
Non-current assets
1510	Non-current financial assets at fair value through profit or loss	6(2)	27,409	-	27,596	-
1517	Non-current financial assets at fair value through other comprehensive income	6(3)	7,810,268	4	7,683,683	4
1535	Non-current financial assets at amortised cost	6(4) and 8	785,533	-	802,040	-
1550	Investments accounted for under equity method	6(9)	11,462,701	5	10,744,545	5
1600	Property, plant and equipment	6(10) and 8	14,355,628	7	14,469,514	7
1755	Right-of-use assets	6(11)	963,189	-	915,271	-
1760	Investment property, net	6(13)	912,231	-	941,056	-
1780	Intangible assets	6(14)	628,509	-	652,861	-
1840	Deferred income tax assets	6(33)	1,221,455	1	1,231,958	1
1900	Other non-current assets	6(15)	1,743,468	1	2,033,825	1
15XX	Total non-current assets		39,910,391	18	39,502,349	18
1XXX	Total assets		$ 217,423,195	100	$ 224,967,305	100

(Continued)

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollar)

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
Current liabilities
2100	Short-term borrowings	6(16)	$ 57,720,366	27	$ 58,755,355	26
2110	Short-term notes and bills payable	6(17)	8,800,000	4	7,600,000	4
2120	Current financial liabilities at fair value through profit or loss	6(2)	1,628	-	846	-
2150	Notes payable		520,459	-	467,296	-
2170	Accounts payable	7(2)	39,103,028	18	38,935,074	18
2200	Other payables	6(18) and 7(2)	6,944,803	3	7,360,653	3
2230	Current income tax liabilities		1,313,972	1	515,697	-
2280	Current lease liabilities		126,538	-	84,809	-
2399	Other current liabilities, others	6(19)	3,104,208	1	2,863,473	1
21XX	Total current liabilities		117,635,002	54	116,583,203	52
Non-current liabilities
2540	Long-term borrowings	6(20)	9,200,000	5	20,950,000	9
2570	Deferred income tax liabilities	6(33)	6,786,326	3	6,864,182	3
2580	Non-current lease liabilities		241,474	-	209,746	-
2600	Other non-current liabilities		327,348	-	335,968	-
25XX	Total non-current liabilities		16,555,148	8	28,359,896	12
2XXX	Total liabilities		134,190,150	62	144,943,099	64
Equity attributable to owners of parent
	Share capital	6(22)
3110	Share capital - ordinary share		16,679,470	8	16,679,470	7
3200	Capital surplus	6(23)	13,482,574	6	13,484,016	6
	Retained earnings	6(24)
3310	Legal reserve		14,562,414	7	13,637,791	6
3320	Special reserve		6,810,603	3	7,886,325	4
3350	Unappropriated retained earnings		35,381,956	16	32,210,148	14
	Other equity interest	6(25)
3400	Other equity interest		( 6,724,727)	( 3)	( 6,810,603)	( 3)
31XX	Total equity attributable to owners of parent		80,192,290	37	77,087,147	34
36XX	Non-controlling interest		3,040,755	1	2,937,059	2
3XXX	Total equity		83,233,045	38	80,024,206	36
	Significant contingent liabilities and unrecognized contract commitments	9
	Significant events after the balance sheet date	11
3X2X	Total liabilities and equity		$ 217,423,195	100	$ 224,967,305	100

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

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars, except for earnings per share amounts)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
4000	Operating revenue	6(26) and 7(2)	$ 411,153,211	100	$ 426,009,116	100
5000	Operating costs	6(8)(31) and 7(2)	( 393,648,889 )	( 96 )	( 407,361,452 )	( 96 )
5950	Net operating margin		17,504,322	4	18,647,664	4
	Operating expenses	6(31)
6100	Selling expenses		( 6,435,839 )	( 2 )	( 7,048,692 )	( 2 )
6200	General and administrative expenses		( 976,504 )	-	( 1,117,616 )	-
6450	Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS	12(2)
	9		( 1,528,968 )	-	( 458,788 )	-
6000	Total operating expenses		( 8,941,311 )	( 2 )	( 8,625,096 )	( 2 )
6900	Operating profit		8,563,011	2	10,022,568	2
	Non-operating income and expenses
7100	Interest income	6(27)	850,501	-	1,195,874	-
7010	Other income	6(28) and 7(2)	1,186,385	-	1,261,608	-
7020	Other gains and losses	6(29)	894,477	-	202,655	-
7050	Finance costs	6(30)	( 1,819,024 )	-	( 1,998,564 )	-
7060	Share of profit of associates and joint ventures accounted for using equity method	6(9)
			2,138,107	1	1,669,915	1
7000	Total non-operating income and expenses		3,250,446	1	2,331,488	1
7900	Profit before income tax		11,813,457	3	12,354,056	3
7950	Income tax expense	6(33)	( 2,716,018 )	( 1 )	( 2,424,590 )	-
8200	Profit for the year		$ 9,097,439	2	$ 9,929,466	3

(Continued)

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

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

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Gains on remeasurements of defined benefit plans		$ 4,042	-	$ 47,477	-
8316	Unrealised gains (losses) from investments in equity instruments measured at fair value through other comprehensive income	6(25)	3,854,160	1	( 4,603,432)	( 1)
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	6(9)(25)	( 9,510)	-	13,880	-
8349	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	6(33)	( 307,896)	-	( 9,817)	-
8310	Components of other comprehensive income (loss) that will not be reclassified to profit or loss		3,540,796	1	( 4,551,892)	( 1)
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Financial statements translation differences of foreign operations		( 2,484,898)	( 1)	5,488,633	1
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	6(9)	90,455	-	114,421	-
8360	Components of other comprehensive (loss) income that will be reclassified to profit or loss		( 2,394,443)	( 1)	5,603,054	1
8300	Total other comprehensive income		$ 1,146,353	-	$ 1,051,162	-
8500	Total comprehensive income for the year		$ 10,243,792	2	$ 10,980,628	3
	Profit, attributable to:
8610	Owners of parent		$ 8,467,374	2	$ 9,212,504	3
8620	Non-controlling interest		630,065	-	716,962	-
	Profit for the year		$ 9,097,439	2	$ 9,929,466	3
	Comprehensive income attributable to:
8710	Owners of parent		$ 9,786,970	2	$ 10,323,477	3
8720	Non-controlling interest		456,822	-	657,151	-
	Comprehensive income for the year		$ 10,243,792	2	$ 10,980,628	3
	Earnings per share
9750	Basic earnings per share	6(34)	$	5.08	$	5.52
9850	Diluted earnings per share	6(34)	$	5.08	$	5.52

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

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Equity attributable to owners of the parent
		Retained earnings				Other equity interest			Non-controlling interest
		Notes	Share capital - common stock	Capital surplus	Legal reserve	Special reserve	Unappropriated retained earnings	Financial statements translation differences of foreign operations	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	Total	Total equity
Year ended December 31, 2024
Balance at January 1, 2024		$ 16,679,470	$ 13,529,272	$ 12,946,469	$ 6,038,409	$ 30,506,999	($ 6,752,376)	($ 1,133,949)	$ 71,814,294	$ 2,684,408	$ 74,498,702
Profit		-	-	-	-	9,212,504	-	-	9,212,504	716,962	9,929,466
Other comprehensive income (loss)	6(25)	-	-	-	-	35,251	5,665,274	( 4,589,552 )	1,110,973	( 59,811 )	1,051,162
Total comprehensive income (loss)		-	-	-	-	9,247,755	5,665,274	( 4,589,552 )	10,323,477	657,151	10,980,628
Appropriations of 2023 earnings	6(24)
Legal reserve		-	-	691,322	-	( 691,322 )	-	-	-	-	-
Special reserve		-	-	-	1,847,916	( 1,847,916 )	-	-	-	-	-
Cash dividends		-	-	-	-	( 5,003,841 )	-	-	( 5,003,841 )	-	( 5,003,841 )
Changes in equity of associates and joint ventures accounted for using equity method	6(23)	-	( 45,388 )	-	-	( 1,527 )	-	-	( 46,915 )	-	( 46,915 )
Capital surplus transferred from unclaimed dividends	6(23)	-	132	-	-	-	-	-	132	-	132
Cash dividends declared by the subsidiary to non-controlling interests		-	-	-	-	-	-	-	-	( 404,500 )	( 404,500 )
Balance at December 31, 2024		$ 16,679,470	$ 13,484,016	$ 13,637,791	$ 7,886,325	$ 32,210,148	($ 1,087,102 )	($ 5,723,501 )	$ 77,087,147	$ 2,937,059	$ 80,024,206
Year ended December 31, 2025
Balance at January 1, 2025		$ 16,679,470	$ 13,484,016	$ 13,637,791	$ 7,886,325	$ 32,210,148	($ 1,087,102 )	($ 5,723,501 )	$ 77,087,147	$ 2,937,059	$ 80,024,206
Profit		-	-	-	-	8,467,374	-	-	8,467,374	630,065	9,097,439
Other comprehensive (loss) income	6(25)	-	-	-	-	( 302,928 )	( 2,222,126 )	3,844,650	1,319,596	( 173,243 )	1,146,353
Total comprehensive income (loss)		-	-	-	-	8,164,446	( 2,222,126 )	3,844,650	9,786,970	456,822	10,243,792
Appropriations of 2024 earnings	6(24)
Legal reserve		-	-	924,623	-	( 924,623 )	-	-	-	-	-
Special reserve		-	-	-	( 1,075,722 )	1,075,722	-	-	-	-	-
Cash dividends		-	-	-	-	( 6,671,788 )	-	-	( 6,671,788 )	-	( 6,671,788 )
Changes in equity of associates and joint ventures accounted for using equity method	6(23)	-	( 1,799 )	-	-	( 8,597 )	-	-	( 10,396 )	-	( 10,396 )
Capital surplus transferred from unclaimed dividends	6(23)	-	357	-	-	-	-	-	357	-	357
Disposal of equity instruments at fair value through other comprehensive income by the subsidiary	6(25)	-	-	-	-	1,536,648	-	( 1,536,648 )	-	-	-
Cash dividends declared by the subsidiary to non-controlling interests		-	-	-	-	-	-	-	-	( 353,126 )	( 353,126 )
Balance at December 31, 2025		$ 16,679,470	$ 13,482,574	$ 14,562,414	$ 6,810,603	$ 35,381,956	($ 3,309,228 )	($ 3,415,499 )	$ 80,192,290	$ 3,040,755	$ 83,233,045

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

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Year ended December 31
	Notes	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		$ 11,813,457	$ 12,354,056
Adjustments
Adjustments to reconcile profit (loss)
Depreciation charges on property, plant and equipment	6(31)
Depreciation charges on right-of-use assets	6(31)	404,053	354,432
Depreciation charges on investment property	6(31)	157,769	213,891
Amortization charges on intangible assets	6(31)	31,788	32,403
Impairment loss on intangible assets	6(31)	36,259	46,945
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9)	12(2)	9,138	-
Net gain on financial assets at fair value through profit or loss	6(29)	1,528,968	458,788
Interest expense	6(30)	( 169,767 )	( 117,493 )
Interest income	6(27)	( 1,819,024	1,998,564
Dividend income	6(28)	( 850,501 )	( 1,195,874 )
Share of profit of associates accounted for under equity method	6(9)	( 556,903 )	( 561,389 )
Gain on disposal of property, plant and equipment and investment property	6(29)	( 2,138,107 )	( 1,669,915 )
Gain on lease modification	6(29)	( 847,940 )	( 13,232 )
Changes in operating assets and liabilities
Changes in operating assets
Notes and accounts receivable		957,181	2,115,432
Other receivables		1,772,721	865,055
Inventories		3,921,221	5,459,477
Prepayments		( 3,716,466 )	4,136,951
Long-term notes and overdue receivables		( 982,433 )	383,337
Long-term lease receivables		17,201	( 7,836 )
Changes in operating liabilities
Notes and accounts payable		221,117	3,441,597
Other payables		( 268,113 )	( 724,708 )
Other current liabilities		240,735	( 1,669,360 )
Other non-current liabilities		6,689	( 36,650 )
Cash inflow generated from operations		13,407,032	25,855,095
Dividends received from investments accounted for under equity method	7(2)
Interest paid		779,040	928,208
Interest received		( 1,819,024 )	( 1,998,564 )
Dividends received		850,501	1,195,874
Income tax paid		556,903	561,389
Income tax paid		( 2,328,273 )	( 3,127,054 )
Net cash flows from operating activities		11,446,179	23,414,948

(Continued)

~20~

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Year ended December 31
	Notes	2025	2024
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in financial assets at fair value through profit or loss		($ 4,575,066)	($ 2,764,060)
Proceeds from gain on non-current financial assets at fair value through other comprehensive income		(25,234)	(110,918)
Proceeds from disposal of non-current financial assets at fair value through other comprehensive income		8,293,351	-
Acquisition of property, plant and equipment	6(36)	(521,646)	(4,237,701)
Proceeds from disposal of property, plant and equipment		1,066,507	50,305
Acquisition of investment property	6(13)	(2,687)	(3,057)
Acquisition of intangible assets	6(14)	(14,870)	(14,390)
Increase in time deposits maturing within three months to a year		(643,600)	(3,447,675)
Decrease in time deposits maturing within three months to a year		3,315,150	-
Increase in restricted time deposits		(70)	(322)
Decrease in restricted time deposits		16,577	1,644
Increase in refundable deposits		(30,575)	(4,567)
Decrease in refundable deposits		56,093	20,601
Increase in other non-current assets		(11,931)	(12,842)
Net cash flows from (used in) investing activities		6,921,999	(10,522,982)
CASH FLOWS FROM FINANCING ACTIVITIES
(Decrease) increase in short-term borrowings	6(35)	(1,034,989)	6,781,932
Increase in short-term notes and bills payable	6(35)	1,200,000	70,000
Increase in long-term borrowings	6(35)	45,850,000	11,900,000
Decrease in long-term borrowings	6(35)	(57,600,000)	(13,820,000)
Increase in guarantee deposits received	6(35)	3,570,493	967,337
Decrease in guarantee deposits received	6(35)	(3,587,062)	(983,148)
Payments of lease liabilities	6(35)	(74,279)	(124,500)
Cash dividends paid	6(35)	(6,671,788)	(5,003,841)
Cash dividends paid by subsidiaries to non-controlling interests	6(35)	(372,744)	(404,500)
Net cash flows used in financing activities		(18,720,369)	(616,720)
Effects of changes in foreign exchange rates		(1,043,274)	2,386,125
Net (decrease) increase in cash and cash equivalents		(1,395,465)	14,661,371
Cash and cash equivalents at beginning of year		25,817,640	11,156,269
Cash and cash equivalents at end of year		$ 24,422,175	$ 25,817,640

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

~22~

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

(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 10, 2026.

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 2025 are as follows:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IAS 21, ‘Lack of exchangeability’	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.

(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 effective from 2026 are as follows:

New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification and measurement of financial instruments’	January 1, 2026
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature-dependent electricity’	January 1, 2026
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 – comparative information’	January 1, 2023
Annual Improvements to IFRS Accounting Standards—Volume 11	January 1, 2026

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 issued 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:

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’	To be determined by International Accounting Standards Board January 1, 2027(Note)
IFRS 18, ‘Presentation and disclosure in financial statements’	January 1, 2027
IFRS 19, ‘Subsidiaries without public accountability: disclosures’	January 1, 2027
Amendments to IFRS 21, ‘The effects of changes in foreign exchange rates’	January 1, 2027

Note : The FSC has announced in a press release on September 25, 2025 that public companies will apply IFRS 18 starting from the fiscal year 2028. Additionally, entities can choose to adopt IFRS 18 earlier based on their requirements after the FSC endorses IFRS 18.

Except for the following, the above standards and interpretations have no significant impact to the Group’s financial condition and financial performance based on the Group’s assessment. The quantitative impact will be disclosed when the assessment is complete.

IFRS 18, ‘Presentation and disclosure in financial statements’

IFRS 18, ‘Presentation and disclosure in financial statements’ replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management-

defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.

4. SUMMARY OF MATERIAL 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 recognized 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 unrealized 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 non-

~24~

controlling 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 recognized directly in equity.

(e) When the Group loses control of a subsidiary, the Group remeasures any investment retained 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 recognized in profit or loss. All amounts previously recognized 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 recognized 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(%)		Description
			December 31, 2025	December 31, 2024
Synnex Technology International Corporation	Synnex Global Ltd.	Investment holding	100	100	Note 1
Synnex Technology International Corporation	Seper Technology Corporation	Sales of 3C products	100	100	-
Synnex Technology International Corporation	E-Fan Investments CO., LTD.	Investment holding	100	100	-
Synnex Technology International Corporation	Synergy Intelligent Logistics Corporation	Warehouse and logistics services	100	100	-
Synnex Technology International Corporation	Synergy Technology Services Corporation	Maintenance and technical services	100	100	-
Synnex Technology International Corporation	Bestcom Infotech Corp.	Sales of 3C products	100	100	-

Name of investor	Name of subsidiary	Main business Activities	Ownership(%)
			December 31, 2025	December 31, 2024	Description
Synnex Technology International Corporation	Syntech Asia Ltd.	Sales of semiconductor products	100	100	-
Synnex Technology International Corporation	PT. Synnex Metrodata Indonesia and subsidiaries	Sales of 3C products	50	50	-
Synnex Technology International Corporation	Synnex Technology International (HK) Ltd. and subsidiaries	Sales of 3C products	100	100	-
Synergy Intelligent Logistics Corporation	Synergy Intelligent Logistics (HK) Corporation	Warehouse and logistics services	100	100	-
E-Fan Investments CO., LTD.	Leveltech Ltd.	Sales of semiconductor products	100	100	-
Bestcom Infotech Corp.	Bizwave Tech Co., Ltd.	Sales of 3C products	100	100	-
Synnex Global Ltd.	King's Eye Investments Ltd.	Investment holding	100	100	-
Synnex Global Ltd.	Peer Developments Ltd.	Investment holding	100	100	-
Synnex Global Ltd.	Synnex Mauritius Ltd.	Investment holding	-	100	Note 2
Synnex Global Ltd.	Synnex China Holdings Ltd.	Investment holding	100	100	-
Synnex Global Ltd.	Trade Vanguard Global Ltd.	Investment holding	100	100	-
King's Eye Investments Ltd.	Synnex Australia Pty. Ltd.	Sales of 3C products	100	100	-
King's Eye Investments Ltd.	Synnex New Zealand Ltd.	Sales of 3C products	100	100	-
King's Eye Investments Ltd.	Fortune Ideal Ltd.	Real estate investments	100	100	Note 3
King's Eye Investments Ltd.	Golden Thinking Ltd.	Real estate investments	100	100	Note 3
Peer Developments Ltd.	Lanxiang Technology (Shenzhen) Ltd.	Sales of semiconductor products	100	100	-
Synnex China Holdings Ltd.	Synnex Investments (China) Ltd.	Investment holding	100	100	-
Synnex Investments (China) Ltd.	Synnex Distributions (China) Ltd.	Sales of 3C products	100	100	-
Synnex Investments (China) Ltd.	Synnex (Beijing) Ltd.	Warehouse and logistics services	100	100	-

Name of investor	Name of subsidiary	Main business Activities	Ownership(%)
			December 31, 2025	December 31, 2024	Description
Synnex Investments (China) Ltd.	Synnex (Shanghai) Ltd.	Sales of semiconductor products and warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Tianjin) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Chengdu) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Nanjing) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Shenyang) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Hangzhou) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Qingdao) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Guangzhou) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Xi'an) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Suzhou) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Wuhan) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Jinan) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Changsha) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Zhengzhou) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Hefei) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Nanchang) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Harbing) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex (Xiamen) Ltd.	Warehouse and logistics services	100	100	-
Synnex Investments (China) Ltd.	Synnex Technology Development Ltd.	Sales of 3C products	100	100	-
Synnex Investments (China) Ltd.	Jifu Intelligent Logistics Corporation	Warehouse and logistics services	100	100	-

The financial statements as of December 31, 2025 of the abovementioned subsidiaries included in the consolidated financial statements as of December 31, 2025 had been audited by the Company's auditors and other auditors.

As of December 31, 2024, 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 subsidiary of the Group, Synnex Global Ltd., as resolved by its board of directors on February 21, 2025, carried out a capital reduction of USD 400,000,000. The effective date of the capital reduction is March 3, 2025. After the reduction, the paid-in capital will be USD 148,250,000.

Note 2: The subsidiary of the Group, Synnex Mauritius Ltd., completed its deregistration process in May 2025.

Note 3: The subsidiaries of the Group, Fortune Ideal Ltd. and Golden Thinking Ltd. are currently non-operational.

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 recognized 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 recognized in profit or loss.
(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 recognized 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 recognized 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.

~28~

(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 recognized 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 realized, or are intended to be sold or consumed within the normal operating cycle;

(b) Assets held mainly for trading purposes;

(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 reporting period.

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;

(d) It does not have the right at the end of the reporting period to defer settlement of the liability at least twelve months after the reporting period.

~29~

(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 amortized 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 recognized and derecognized using trade date accounting.

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

D. The Group recognizes 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 recognize 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 recognized and derecognized 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 recognized 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 recognized 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 amortized cost

A. Financial assets at amortized 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 amortized cost are recognized and derecognized 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 recognized in profit or loss when the asset is derecognized or impaired.

D. The Group's time deposits which do not fall under cash equivalents are those with a short maturity

~30~

period and are measured at initial investment amount as the effect of discounting is immaterial.

(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 amortized cost and lease receivables, at each reporting date, the Group recognizes 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 recognizes the impairment provision for lifetime ECLs.

(12) Derecognition of financial assets

The Group derecognizes 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 recognized 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 recognized 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

~31~

expected fulfillment conditions agreed between different suppliers, and the recognized 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 recognized as other receivables.

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

B. The Group's share of its associates' post-acquisition profits or losses is recognized in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized 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 recognize 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 recognizes change in ownership interests in the associate in 'capital surplus' in proportion to its ownership.

D. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group's interest in the associates. Unrealized 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 recognized 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. When the Group disposes of its investment in an associate and loses significant influence over this associate, the amounts previously recognized 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

~32~

relevant assets or liabilities were disposed of. If it retains significant influence over this associate, the amounts previously recognized in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.

G. At each reporting date, the Group performs impairment testing for equity-accounted investees for which there is an indication of impairment. The investment’s entire carrying amount (including goodwill) is treated as a single asset and compared with its recoverable amount, defined as the higher of value in use and fair value less costs of disposal. Any impairment loss recognized is included in the carrying amount of the investment. Reversals of impairment are recognized to the extent of subsequent increases in the investment’s recoverable amount.

(16) Property, plant and equipment

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

B. Subsequent costs are included in the asset’s carrying amount or recognized 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 derecognized. 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 - 60 years
Utilities equipment	7 - 20 years
Tools	5 - 20 years
Other equipment	3 - 10 years

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

A. Leases are recognized 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 low value assets, lease payments are recognized 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 re comprised of fixed payments, less any lease incentives receivable. The Group subsequently

~33~

measures the lease liability at amortized cost using the interest method and recognizes interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognized 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 recognized 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 and remeasure the lease liability to reflect the partial or full termination of the lease and recognize the difference in profit or loss. For all other lease modifications, the lessee shall remeasure the lease liability and adjust the right-of-use asset, correspondingly.

(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

(19) Intangible assets

A. Computer software

Computer software is stated at cost and amortized 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 recognized 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 amortized historical cost would have been if the impairment had not been recognized.

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

~34~

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 recognized initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortized cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognized 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 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 categorized 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 recognized in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss.

(24) Derecognition of financial liabilities

A financial liability is derecognized 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 recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously.

(26) Non-hedging and embedded derivatives

Non-hedging derivatives are initially recognized 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 recognized in profit or loss.

(27) Provisions

Provisions (mainly warranty provisions) are recognized 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

~35~

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 recognized as interest expense. Provisions are not recognized 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 recognized 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 recognized in the balance sheet in 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 recognized in other comprehensive income in the period in which they arise and recorded as retained earnings.

iii. Past service costs are recognized 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 recognizes expense as it can no longer withdraw an offer of termination benefits or as it recognizes 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 recognized 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

~36~

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 recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized 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 recognized, 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 realized or the deferred tax liability is settled.

D. Deferred tax assets are recognized only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized. At each balance sheet date, unrecognized and recognized 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 recognized amounts and there is an intention to settle on a net basis or realize 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 realize 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.

~37~

(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 3C and semiconductor products. Sales are recognized 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 recognized 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 recognized 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 recognized 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 recognized as a provision.

(e) A receivable is recognized 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.

B. Service revenue

The Group provides services of inventory management, installation and maintenance services. Revenue from providing services is recognized 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

~38~

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 recognized as income on a straight-line basis over lease term.

(33) Government grants
Government grants are recognized 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 recognized in profit or loss on a systematic basis over the periods in which the Group recognizes 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.

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 recognizes 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 recognizes 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.

~39~

(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 appropriatallowances. 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.

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 changes to the evaluation.

C. Accrual of inventory purchase rebates receivable

Accrual of inventory purchase rebates receivable 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.

DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

	December 31, 2025	December 31, 2024
Cash on hand and revolving funds	$ 312	$ 285
Checking accounts and demand deposits	7,322,840	8,533,774
Time deposits	17,099,023	17,283,581
	$ 24,422,175	$ 25,817,640

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 amortized cost, please refer to Notes 6(4) and 8.

~40~

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

	December 31, 2025	December 31, 2024
Current items:
Financial assets mandatorily measured at fair value through profit or loss
Listed stocks	$ 163,455	$ 24,144
Financial products	8,229,887	3,363,516
	8,393,342	3,387,660
Valuation adjustment	117,959	182,421
	$ 8,511,301	$ 3,570,081
	December 31, 2025	December 31, 2024
Non-current items:
Financial assets mandatorily measured at fair value through profit or loss
Non-listed stocks	$ 27,882	$ 27,842
Valuation adjustment	( 473)	( 246)
	$ 27,409	$ 27,596
Current items:
Financial liabilities held for trading
Non-hedging derivatives – forward exchange	$ 1,628	$ 846

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

	Year ended December 31, 2025	Year ended December 31, 2024
Financial assets and liabilities at fair value through profit or loss
-Financial products	$ 178,424	$ 147,761
-Equity instruments	( 7,069)	( 20,345)
-Derivatives	( 1,588)	( 9,923)
	$ 169,767	$ 117,493

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	Items	December 31, 2025
		Book Value	Nominal Principal (in thousands)
PT. Synnex Metrodata Indonesia	Forward exchange - buy USD sell IDR	($ 1,628)	USD 9,898

~42~

		December 31, 2024
The subsidiaries	Items	Book Value	Nominal Principal (in thousands)
PT. Synnex Metrodata Indonesia	Forward exchange - buy USD sell IDR	($ 846)	USD 7,605

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

	December 31, 2025	December 31, 2024
Current items:
Equity instruments
Listed stocks	$ 21,521,796	$ 29,919,754
Valuation adjustment	( 8,895,324)	( 11,504,373)
	$ 12,626,472	$ 18,415,381
Non-current items:
Equity instruments
Listed stocks	$ 935,154	$ 935,186
Non-listed (TSE and OTC) stocks	2,082,223	2,060,670
Valuation adjustment	4,792,891	4,687,827
	$ 7,810,268	$ 7,683,683

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 Group's financial assets at fair value through other comprehensive income recognized 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 amortized cost

	December 31, 2025	December 31, 2024
Current items:
Time deposits maturing within three months to a year	$ 628,600	$ 3,447,675
Non-current items:
Pledged time deposits	$ 785,533	$ 802,040

A. Information on interest income recognized from financial assets measured at amortized cost is

provided in Note 6(27).

B. Details of the Group's financial assets at amortized cost pledged to others as collateral are provided in Note 8.
C. The counterparties of the Group's investments in certificates of deposit 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

	December 31, 2025	December 31, 2024
Notes receivable	$ 5,985,380	$ 5,224,582
Less: Allowance for uncollectible accounts	( 25,929)	( 22,114)
	$ 5,959,451	$ 5,202,468
Accounts receivable	$ 69,997,382	$ 72,005,585
Accounts receivable due from related parties	834,346	546,153
Lease receivables (expiring within one year)	160,911	157,030
	70,992,639	72,708,768
Less: Allowance for uncollectible accounts	( 245,586)	( 262,932)
	$ 70,747,053	$ 72,445,836
Overdue receivables (recorded as other non-current assets)	$ 5,622,465	$ 4,479,631
Less: Allowance for uncollectible accounts	( 4,122,050)	( 2,720,564)
	$ 1,500,415	$ 1,759,067

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, 2025 and 2024, the Group received certain security for a portion of the amounts due.

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

	December 31, 2025
	Notes receivable	Accounts receivable	Overdue receivables	Total
Not past due	$ 5,985,380	$ 60,914,155	$ -	$ 66,899,535
Up to 60 days past due	-	6,836,231	2,061	6,838,292
61-120 days past due	-	1,229,656	4,538	1,234,194
121-180 days past due	-	642,760	35,542	678,302
More than 181 days past due	-	1,369,837	5,580,324	6,950,161
	$ 5,985,380	$ 70,992,639	$ 5,622,465	$ 82,600,484

	December 31, 2024
	Notes receivable	Accounts receivable	Overdue receivables	Total
Not past due	$ 5,224,582	$ 61,490,673	$ -	$ 66,715,255
Up to 60 days past due	-	8,596,051	16,173	8,612,224
61-120 days past due	-	1,279,304	20,281	1,299,585
121-180 days past due	-	534,046	69,946	603,992
More than 181 days past due	-	808,694	4,373,231	5,181,925
	$ 5,224,582	$ 72,708,768	$ 4,479,631	$ 82,412,981

The above aging analysis was based on past due date.

B. As of December 31, 2025 and 2024, accounts receivable and notes receivable were all from contracts with customers. And as of January 1, 2024, the balance of receivables from contracts with customers amounted to $84,293,350.
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, 2025 and 2024, the Group has derecognized notes receivable (pertaining to bankers' acceptance) that were discounted to banks but not yet matured amounting to $0 and$ 117,927, respectively. As of December 31, 2025 and 2024, the Group had no liabilities arising from discounted notes receivable.

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 derecognized the factored accounts receivable, and the related information is as follows:

(Unit: USD thousand)

December 31, 2025

Accounts receivable transferred		Amount derecognized		Facilities	Amount advanced
The Company
$	-	$	-		$	-
	(USD)	-	(USD)	-	USD 165,000	(USD)
Subsidiaries
$	-	$	-	USD 115,000	$	-
	(USD)	-	(USD)	-		(USD)
						(Unit: USD thousand)

December 31, 2024

Accounts receivable transferred		Amount derecognized		Facilities	Amount advanced
The Company
$	-	$	-	USD 170,000	$	-
	(USD)	-	(USD)	-		(USD)
Subsidiaries
$	-	$	-	USD 115,000	$	-
	(USD)	-	(USD)	-		(USD)

A. The counterparties of the Group's accounts receivable factoring were domestic financial institutions. As of December 31, 2025 and 2024, the Group had no advanced payments from accounts receivable factoring.
B. Information relating to the commercial papers issued for accounts receivable factoring is provided in Note 9(2).

(7) Other receivables

	December 31, 2025	December 31, 2024
Receivables from suppliers	$ 2,989,411	$ 4,755,264
Tax refund receivable — business tax	263,816	380,317
Other non-operating receivables, others (including related parties)	373,552	263,919
	$ 3,626,779	$ 5,399,500

(8) Inventories

	December 31, 2025
	Cost	Allowance for Valuation loss	Book value
Merchandise inventories	$ 43,872,985	($ 643,704)	$ 43,229,281
Inventory in transit	533,257	-	533,257
	$ 44,406,242	($ 643,704)	$ 43,762,538
	December 31, 2024
	Cost	Allowance for Valuation loss	Book value
Merchandise inventories	$ 47,783,367	($ 543,669)	$ 47,239,698
Inventory in transit	444,061	-	444,061
	$ 48,227,428	($ 543,669)	$ 47,683,759

A. Information relating to inventories pledged to others as collaterals is provided in Note 8.
B. The cost of inventories recognized as expense for the period:

	Year ended December 31, 2025	Year ended December 31, 2024
Cost of inventories sold	$ 393,548,854	$ 407,812,536
Loss on decline (Gain on reversal of decline) in market value	100,035	(451,084)
	$ 393,648,889	$ 407,361,452

(9) Investments accounted for under equity method

A. The details are as follows:

	December 31, 2025		December 31, 2024
	Book value	Shareholding ratio	Book value	Shareholding ratio
Associates:
Redington Limited	$ 7,942,629	24.12%	$ 7,413,675	24.12%
Synnex FPT Joint Stock Company	1,574,337	47.11%	1,571,377	47.27%
Synnex (Thailand) Public Company Ltd. (Note)	1,911,764	40.00%	1,727,698	40.00%
Other	33,971	20%~40%	31,795	20%~40%
	$ 11,462,701		$ 10,744,545

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 recognized 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 December 31, 2025	Year ended December 31, 2024
Redington Limited	$ 1,533,317	$ 1,146,758
Synnex FPT Joint Stock Company	302,267	287,810
Synnex (Thailand) Public Company Ltd. (Note)	296,988	231,689
Other	5,535	3,658
	$ 2,138,107	$ 1,669,915
	Share of other comprehensive income of associates
	Year ended December 31, 2025	Year ended December 31, 2024
Redington Limited	$ 90,455	$ 114,421
Synnex (Thailand) Public Company Ltd. (Note)	( 9,510)	13,880
	$ 80,945	$ 128,301

Note : The Group’s investment was restructured in April 2024, thus, Synnex (Thailand) Public Company Ltd. that was previously held by the Company through King’s Eye Investment Ltd. was changed to be directly held by the Company through a transaction at a price of USD 43,217 thousand, equivalent to NT$1,403,052. The share subscriptions payable has been paid at full amount after May 2024.

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, 2025 and 2024, information relating to the carrying amount of the Group’s individually immaterial associates is provided in Note 6(9).1.

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

	Year ended December 31, 2025	Year ended December 31, 2024
Profit for the period	$ 2,138,107	$ 1,669,915
Other comprehensive income, net of tax	80,945	128,301
Total comprehensive income	$ 2,219,052	$ 1,798,216

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

	December 31, 2025	December 31, 2024
Redington Limited	$ 17,967,148	$ 14,478,199
Synnex (Thailand) Public Company Ltd.	$ 3,378,854	$ 5,127,274

(10) Property, plant and equipment

2025
	Land and land improvements	Buildings and structures			Utilities equipment	Tools	Other equipment	Construction in progress and equipment to be inspected	Total
	Owner	Owner			Owner	Owner	Owner	Owner
	-occupied	-occupied	Lease	Subtotal	-occupied	-occupied	-occupied	-occupied
At January 1
Cost	$ 5,031,478	$ 6,375,696	$ 1,311,766	$ 7,687,462	$ 451,070	$ 734,405	$ 487,546	$ 2,472,828	$ 16,864,789
Accumulated depreciation and impairment	-	( 1,264,368)	( 301,545)	( 1,565,913)	( 294,503)	( 221,806)	( 313,053)	-	( 2,395,275)
	$ 5,031,478	$ 5,111,328	$ 1,010,221	$ 6,121,549	$ 156,567	$ 512,599	$ 174,493	$ 2,472,828	$ 14,469,514
Opening net book amount	$ 5,031,478	$ 5,111,328	$ 1,010,221	$ 6,121,549	$ 156,567	$ 512,599	$ 174,493	$ 2,472,828	$ 14,469,514
Additions		3,674	-	3,674	952	53,515	6,857	309,268	374,266
Disposals	( 81,011)	( 90,992)	( 9)	( 91,001)	( 3,653)	( 36,987)	( 5,915)	-	( 218,567)
Reclassifications	20,519	1,800,919	( 121,986)	1,678,933	460,035	610,412	16,450	( 2,740,221)	46,128
Depreciation charge	( 627)	( 183,389)	( 27,209)	( 210,598)	( 51,381)	( 86,234)	( 55,213)	-	( 404,053)
Effect of exchange rate changes	12,907	67,877	( 4,098)	63,779	18,598	32,856	( 324)	( 39,466)	88,350
Closing net book amount	$ 4,983,266	$ 6,709,417	$ 856,919	$ 7,566,336	$ 581,118	$ 1,086,161	$ 136,348	$ 2,409	$ 14,355,638
At December 31
Cost	$ 4,983,920	$ 8,113,748	$ 1,153,418	$ 9,267,166	$ 871,908	$ 1,386,452	$ 394,641	$ 2,409	$ 16,906,496
Accumulated depreciation and impairment	( 654)	( 1,404,331)	( 296,499)	( 1,700,830)	( 290,790)	( 300,301)	( 258,293)	-	( 2,550,868)
	$ 4,983,266	$ 6,709,417	$ 856,919	$ 7,566,336	$ 581,118	$ 1,086,151	$ 136,348	$ 2,409	$ 14,355,628

2024

	Land	Buildings and structures			Utilities equipment	Tools	Other equipment	Construction in progress and equipment to be inspected	Total
	Owner -occupied	Owner -occupied	Lease	Subtotal	Owner -occupied	Owner -occupied	Owner -occupied	Owner -occupied
At January 1
Cost	$ 1,476,939	$ 4,394,731	$ 1,559,250	$ 5,953,981	$ 427,038	$ 681,236	$ 574,876	$ 3,466,405	$ 12,580,475
Accumulated depreciation and impairment	-	( 1,050,076)	( 327,583)	( 1,377,659)	( 257,286)	( 150,115)	( 354,822)	-	( 2,139,882)
	$ 1,476,939	$ 3,344,655	$ 1,231,667	$ 4,576,322	$ 169,752	$ 531,121	$ 220,054	$ 3,466,405	$ 10,440,593
Opening net book amount	$ 1,476,939	$ 3,344,655	$ 1,231,667	$ 4,576,322	$ 169,752	$ 531,121	$ 220,054	$ 3,466,405	$ 10,440,593
Additions	-	93,928	772	94,700	2,101	51,021	38,788	4,252,503	4,439,113
Disposals	( 14,400)	( 10,548)	-	( 10,548)	( 1,807)	( 1,011)	( 5,549)	( 3,758)	( 37,073)
Reclassifications	3,587,411	1,776,206	( 236,681)	1,539,525	22,099	8,426	( 7,934)	( 5,149,044)	483
Depreciation charge	-	( 140,292)	( 30,520)	( 170,812)	( 41,058)	( 71,358)	( 71,204)	-	( 354,432)
Effect of exchange rate changes	( 18,472)	47,379	44,983	92,362	5,480	( 5,600)	338	( 93,278)	( 19,170)
Closing net book amount	$ 5,031,478	$ 5,111,328	$ 1,010,221	$ 6,121,549	$ 156,567	$ 512,599	$ 174,493	$ 2,472,828	$ 14,469,514
At December 31
Cost	$ 5,031,478	$ 6,375,696	$ 1,311,766	$ 7,687,462	$ 451,070	$ 734,405	$ 487,546	$ 2,472,828	$ 16,864,789
Accumulated depreciation and impairment	-	( 1,264,368)	( 301,545)	( 1,565,913)	( 294,503)	( 221,806)	( 313,053)	-	( 2,395,275)
	$ 5,031,478	$ 5,111,328	$ 1,010,221	$ 6,121,549	$ 156,567	$ 512,599	$ 174,493	$ 2,472,828	$ 14,469,514

~49~

A. The amount of borrowing costs for the Group's property in Nangang District, Taipei City has been capitalized, and interest rate range are as follows:

Year ended December 31, 2025: None.

	Year ended December 31, 2024
Amount capitalised	$ 30,393
Range of the interest rates for capitalisation	1.8%~1.91%

B. 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 2 to 10 years for buildings and 43 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, 2025	$ 629,618	$ 285,653	$ 915,271
Additions	-	186,669	186,669
Early termination of leases	-	( 1,945)	( 1,945)
Depreciation charge	( 17,793)	( 139,976)	( 157,769)
Lease modifications	-	24,221	24,221
Effect of exchange rate changes	247	( 3,505)	( 3,258)
December 31, 2025	$ 612,072	$ 351,117	$ 963,189
	Land use rights	Buildings	Total
January 1, 2024	$ 624,300	$ 562,210	$ 1,186,510
Additions	-	22,021	22,021
Early termination of leases	-	( 113,477)	( 113,477)
Depreciation charge	( 18,302)	( 195,589)	( 213,891)
Lease modifications	-	6,238	6,238
Effect of exchange rate changes	23,620	4,250	27,870
December 31, 2024	$ 629,618	$ 285,653	$ 915,271

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

	Year ended December 31, 2025	Year ended December 31, 2024
Items affecting profit or loss
Interest expense on lease liabilities	$ 15,906	$ 21,853
Expense on short-term lease contracts	80,656	125,668
Expense on leases of low-value assets	10,095	10,636
Loss (gain) on lease modification	( 59)	( 9,376)

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(35).

(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. Finance lease

(a) 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:

	Year ended December 31, 2025	Year ended December 31, 2024
Sales profit (recorded as operating revenue minus operating costs)	$ 61,695	$ 77,215
Finance income from the net investment in the finance lease	13,869	13,793
	$ 75,564	$ 91,008

(b) The maturity analysis of the undiscounted lease payments in the finance lease is as follows:

	December 31, 2025	December 31, 2024
Within 1 year	$ 187,663	$ 185,339
1-5 year(s)	139,851	160,179
	$ 327,514	$ 345,518

(c) Reconciliation of the undiscounted lease payments and the net investment in the finance lease is provided as follows:

	December 31, 2025
	Current (listed as accounts receivable)	Non-current (listed as other non-current assets)	Total
Undiscounted lease payments	$ 187,663	$ 139,851	$ 327,514
Unearned finance income	( 26,752)	( 16,617)	( 43,369)
Net investment in the lease	$ 160,911	$ 123,234	$ 284,145
	December 31, 2024
	Current (listed as accounts receivable)	Non-current (listed as other non-current assets)	Total
Undiscounted lease payments	$ 185,339	$ 160,179	$ 345,518
Unearned finance income	( 28,309)	( 19,744)	( 48,053)
Net investment in the lease	$ 157,030	$ 140,435	$ 297,465

C. Operating lease

(a) Gain arising from operating lease agreements are as follows:

	Year ended December 31, 2025	Year ended December 31, 2024
Rental income	$ 377,356	$ 523,999

(b) The maturity analysis of the lease payments under the operating leases is as follows:

	December 31, 2025	December 31, 2024
Within 1 year	$ 237,751	$ 347,046
1-5 year(s)	434,048	384,463
Over 5 years	342,096	171,614
	$ 1,013,895	$ 903,123

(Remainder of page intentionally left blank)

(13) Investment property

| | 2025
Buildings
and structures | 2024
Buildings
and structures |
| --- | --- | --- |
| At January 1 | | |
| Cost | $ 1,381,922 | $ 1,333,043 |
| Accumulated depreciation | ( 440,866) | ( 398,003) |
| | $ 941,056 | $ 935,040 |
| Opening net book amount | $ 941,056 | $ 935,040 |
| Additions | 2,687 | 3,057 |
| Depreciation charge | ( 31,788) | ( 32,403) |
| Net exchange differences | 276 | 35,362 |
| Closing net book amount | $ 912,231 | $ 941,056 |
| At December 31 | | |
| Cost | $ 1,386,709 | $ 1,381,922 |
| Accumulated depreciation | ( 474,478) | ( 440,866) |
| | $ 912,231 | $ 941,056 |

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

	Year ended December 31, 2025	Year ended December 31, 2024
Rental income from investment property	$ 225,517	$ 362,463
Direct operating expenses arising from the investment property that generated rental income during the period	$ 33,972	$ 43,074

B. The fair value of the investment property held by the Group as of December 31, 2025 and 2024 were $2,883,202 and $2,765,122, 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 pre-tax 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, 2025 and 2024.

(14) Intangible assets

	2025
	Computer software cost	Goodwill	Total
At January 1
Cost	$ 177,179	$ 554,372	$ 731,551
Accumulated amortisation	( 78,690)	-	( 78,690)
	$ 98,489	$ 554,372	$ 652,861
Opening net book amount	$ 98,489	$ 554,372	$ 652,861
Additions - acquired separately	14,870	-	14,870
Impairment loss	-	( 9,138)	( 9,138)
Reclassifications	5,115	-	5,115
Amortisation charge	( 36,259)	-	( 36,259)
Net exchange differences	1,540	( 480)	1,060
Closing net book amount	$ 83,755	$ 544,754	$ 628,509
At December 31
Cost	$ 176,968	$ 544,754	$ 721,722
Accumulated amortisation	( 93,213)	-	( 93,213)
	$ 83,755	$ 544,754	$ 628,509
	2024
	Computer software cost	Goodwill	Total
At January 1
Cost	$ 166,480	$ 554,362	$ 720,842
Accumulated amortisation	( 69,512)	-	( 69,512)
	$ 96,968	$ 554,362	$ 651,330
Opening net book amount	$ 96,968	$ 554,362	$ 651,330
Additions - acquired separately	14,390	-	14,390
Reclassifications	35,867	-	35,867
Amortisation charge	( 46,945)	-	( 46,945)
Net exchange differences	( 1,791)	10	( 1,781)
Closing net book amount	$ 98,489	$ 554,372	$ 652,861
At December 31
Cost	$ 177,179	$ 554,372	$ 731,551
Accumulated amortisation	( 78,690)	-	( 78,690)
	$ 98,489	$ 554,372	$ 652,861

A. Amortisation charges on intangible assets were recognised as administrative expenses amounting to $36,259 and $46,945 for the years ended December 31, 2025 and 2024, respectively.
B. Goodwill is allocated to the Group's cash-generating units:

	December 31, 2025	December 31, 2024
Taiwan	$ 239,479	$ 239,479
Hong Kong	305,275	305,275
Indonesia	-	9,618
	$ 544,754	$ 554,372

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 did not exceed their carrying amount, so impairment loss on goodwill was $9,138 for the year ended December 31, 2025.

D. This Group has no intangible assets pledged to others as collateral as of December 31, 2025 and 2024.

(15) Other non-current assets

	December 31, 2025	December 31, 2024
Refundable deposits	$ 77,204	$ 103,639
Long-term notes and overdue receivables	1,500,415	1,759,067
Long-term lease receivables	123,234	140,435
Others	42,615	30,684
	$ 1,743,468	$ 2,033,825

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

(16) Short-term borrowings

	December 31, 2025	December 31, 2024
Bank borrowings
Unsecured borrowings	$ 56,699,310	$ 56,299,300
Secured borrowings	1,021,056	2,456,055
	$ 57,720,366	$ 58,755,355
Interest rate range
Unsecured borrowings	1.85%~4.63%	1.88%~5.44%
Secured borrowings	4.50%~4.58%	5.32%~6.25%
Collateral
Unsecured borrowings	None	None
Secured borrowings	Note 8	Note 8

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

(17) Short-term notes and bills payable

	December 31, 2025	December 31, 2024
Commercial paper payable	$ 8,800,000	$ 7,600,000
Interest rate range	1.83%~1.98%	1.97%~2.00%

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

	December 31, 2025	December 31, 2024
Estimated marketing grant payable	$ 4,445,734	$ 3,929,573
Salary and bonus payable	871,022	882,542
Accrued expenses—others	478,838	632,202
Accounts payable—construction	54,032	201,412
Other payables—others (including related parties)	1,095,177	1,714,924
	$ 6,944,803	$ 7,360,653

(19) Other current liabilities

	December 31, 2025	December 31, 2024
Refund liability—dealers’ rebates payable	$ 2,954,981	$ 2,649,255
Other current liabilities—others	149,227	214,218
	$ 3,104,208	$ 2,863,473

(20) Long-term borrowings

Type of borrowings	Borrowing period and repayment term	Interest rate range	Collateral	December 31, 2025
Syndicated Loans signed with Mega International Commercial Bank and other 8 banks (ESG-linked KPI loan) (Note)	Five years from the date of first drawdown (August 1, 2022)	2.03%	None	$ 4,200,000
Syndicated Loans signed with Taiwan Cooperative Bank and other 8 banks (ESG-linked KPI loan) (Note)	Five years from the date of first drawdown (November 17, 2023)	2.00%~2.03%	None
				5,000,000
				$ 9,200,000
Less: Long-term liabilities, Current portion				-
				$ 9,200,000

Note: As of December 31, 2025, commercial paper borrowings amounted to $1,400,000. Under the Q&A issued by the Accounting Research and Development Foundation titled “Questions on the classification of liabilities arising from revolving issuances of commercial paper by enterprises,” such borrowings should be classified as current liabilities; however, in accordance with the transitional application provisions issued by the Securities and Futures Bureau of the Financial Supervisory Commission with respect to the Q&A, the Group has elected to classify them as non-current liabilities.

Type of borrowings	Borrowing period and repayment term	Intereste rate range	Collateral	December 31, 2024
Syndicated Loans signed with Mega International Commercial Bank and other 8 banks (ESG-linked KPI loan)	Five years from the date of first drawdown (August 1, 2022)	2.03%	None	$ 10,000,000
Syndicated Loans signed with Taiwan Cooperative Bank and other 8 banks (ESG-linked KPI loan)	Five years from the date of first drawdown (November 17, 2023)	2.03%	None
				10,950,000
				$ 20,950,000
Less: Long-term liabilities, Current portion				-
				$ 20,950,000

A. The terms of syndicated borrowing agreement are as follows:

(a) The Company signed a syndicated borrowing agreement on June 23, 2022, with 9 syndicated borrowing banks, including Mega International Commercial Bank as the arranger. The total credit facility amounts to NT$14.4 billion. According to the agreement, the Company may revolve mid-term loans and issue commercial paper on a revolving basis during the credit period, which are five years from the date of first drawdown; the issuance of corporate bonds to guarantee loans cannot be utilized on a revolving basis and its credit period begins from the date the bond proceeds are fully received and can last up to five years. The Company covenants to assess financial ratios, including current ratio, interest coverage ratio, tangible net worth and debt ratio, based on the consolidated financial statements audited by its independent auditors once a year, and to maintain these ratios during the term of the credit facility. The Company's financial statements as of December 31, 2025 and 2024 do not contain any violations of the aforementioned covenants.

(b) The Company signed a syndicated borrowing agreement on June 30, 2023, with 9 syndicated borrowing banks, including Taiwan Cooperative Bank as the arranger. The total credit facility amounts to NT$20.7 billion. According to the agreement, the Company may revolve mid-term loans and issue commercial paper on a revolving basis during the credit period, which

are five years from the date of first drawdown. The Company covenants to assess financial ratios, including current ratio, interest coverage ratio, tangible net worth and debt ratio, based on the consolidated financial statements audited by its independent auditors once a year, and to maintain these ratios. The Company's financial statements as of December 31, 2025 and 2024 do not contain any violations of the aforementioned covenants.

B. Information on interest expense recognized in profit or loss is 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 recognized in the balance sheet are as follows:

	December 31, 2025	December 31, 2024
Present value of defined benefit obligations	($ 372,289)	($ 410,379)
Fair value of plan assets	188,453	228,469
Net defined benefit liability (recorded as other non-current liabilities)	($ 183,836)	($ 181,910)

(Remainder of page intentionally left blank)

	2025
	Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
At January 1	($ 410,379)	$ 228,469	($ 181,910)
Current service cost	( 12,592)	-	( 12,592)
Interest (expense) income	( 10,438)	3,732	( 6,706)
	( 433,409)	232,201	( 201,208)
Remeasurements:	-	14,521	14,521
Return on plan assets (excluding amounts included in interest income or expense)	-	-	-
Change in demographic assumptions	4,049	-	4,049
Change in financial assumptions	( 10,591)	-	( 10,591)
Experience adjustments	( 407)	-	( 407)
	( 6,949)	14,521	7,572
Pension fund contribution	-	3,732	3,732
Paid pension	68,069	( 62,001)	6,068
At December 31	($ 372,289)	$ 188,453	($ 183,836)
	2024
	Present value of defined benefit obligations	Fair value of plan assets	Net defined benefit liability
At January 1	($ 425,372)	$ 207,524	($ 217,848)
Current service cost	( 11,971)	-	( 11,971)
Interest (expense) income	( 9,417)	2,582	( 6,835)
	( 446,760)	210,106	( 236,654)
Remeasurements:	-	18,709	18,709
Return on plan assets (excluding amounts included in interest income or expense)	-	-	-
Change in demographic assumptions	579	-	579
Change in financial assumptions	13,225	-	13,225
Experience adjustments	15,066	-	15,066
	28,870	18,709	47,579
Pension fund contribution	-	4,188	4,188
Paid pension	7,511	( 4,534)	2,977
At December 31	($ 410,379)	$ 228,469	($ 181,910)

(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 utilization plan and the "Regulations for Revenues, Expenditures, Safeguard and Utilization of the Labor Retirement Fund" (Article 6: The scope of utilization 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 securitization products, etc.). With regard to the utilization 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 authorized 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 31,2025 and 2024 is given in the Annual Labor Retirement Fund Utilization Report announced by the government.

(e) The principal actuarial used were as follows:

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

	Year ended December 31, 2025	Year ended December 31, 2024
Discount rate	1.3%	1.6%
Future salary increases	3%~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:

	Discount rate		Future salary increases
	Increase 0.25%	Decrease 0.25%	Increase 0.25%	Decrease 0.25%
December 31, 2025
Effect on present value of defined benefit obligation	($ 4,633)	$ 4,759	$ 4,526	($ 4,431)
December 31, 2024
Effect on present value of defined benefit obligation	($ 5,638)	$ 5,793	$ 5,524	($ 5,406)

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 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 December 31, 2025	Year ended December 31, 2024
Discount rate	6.75%~7.28%	7.25%
Future salary increases	8.00%~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:

	Discount rate		Future salary increases
	Increase 1%	Decrease 1%	Increase 1%	Decrease 1%
December 31, 2025
Effect on present value of defined benefit obligation	($ 8,713)	$ 9,994	$ 10,081	($ 8,949)
December 31, 2024
Effect on present value of defined benefit obligation	($ 7,747)	$ 8,902	$ 9,015	($ 7,983)

(f) As of December 31, 2025, the weighted average duration of the pension plan is 7 to 16.64 years.
(g) The Group's estimated provision for retirement plans in 2026 is $10,468.

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 the years ended December 31, 2025 and 2024 were $321,062 and $350,075, respectively.

(22) Share capital

A. As of December 31, 2025, the Company's authorized capital was $24,000,000 (including $500,000 reserved for the conversion of employees' stock options which have not been issued), 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)

At January 1 (At December 31)

2025 2024
1,667,946,968 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, 2025 was 7,070 units, representing 28,292 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.

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 paid-in capital each year. Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.

	2025
	Share premium	Treasury share transactions	Changes in equity of associates and joint ventures	Others	Total
At January 1	$ 12,814,051	$ 340,678	$ 96,005	$ 233,282	$ 13,484,016
Changes in equity of associates and joint ventures	-	-	( 1,799)	-	( 1,799)
Unclaimed dividends	-	-	-	357	357
At December 31	$ 12,814,051	$ 340,678	$ 94,206	$ 233,639	$ 13,482,574

	2024
	Share premium	Treasury share transactions	Changes in equity of associates and joint ventures	Others	Total
At January 1	$12,814,051	$340,678	$141,393	$233,150	$13,529,272
Changes in equity of associates and joint ventures	-	-	(45,388)	-	(45,388)
Unclaimed dividends	-	-	-	132	132
At December 31	$12,814,051	$340,678	$96,005	$233,282	$13,484,016

(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 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 2024 and 2023 earnings had been resolved at the Board of Directors' meeting on May 29, 2025 and resolved at the shareholders' meeting on May 31, 2024, respectively. Details are summarized below:

~64~

	Years ended December 31,
	2024		2023
	Amount	Dividends per share (in dollars)	Amount	Dividends per share (in dollars)
Provision for legal reserve	$ 924,623		$ 691,322
(Reversal of) provision for special reserve	(1,075,722)		1,847,916
Cash dividends	6,671,788	4.00	5,003,841	3.00

C. The appropriation of 2025 earnings had been proposed at the Board of Directors' meeting on March 10, 2026. Details are summarized below:

	Years ended December 31,
	2025
	Amount	Dividends per share (in dollars)
Provision for legal reserve	$ 969,250
(Reversal of) special reserve	(85,876)
Cash dividends	7,005,377	4.20

(25) Other equity items

	Currency translation	Unrealised gains (losses) on valuation	Total
At January 1, 2025	($ 1,087,102)	($ 5,723,501)	($ 6,810,603)
Revaluation:
-Group	-	3,854,160	3,854,160
-Associates	-	( 9,510)	( 9,510)
Revaluation transferred to retained earnings:
-Group	-	( 1,536,648)	( 1,536,648)
Currency translation differences:
-Group	( 2,312,581)	-	( 2,312,581)
-Associates	90,455	-	90,455
At December 31, 2025	($ 3,309,228)	($ 3,415,499)	($ 6,724,727)

~65~

	Currency translation	Unrealised gains (losses) on valuation	Total
At January 1, 2024	($ 6,752,376)	($ 1,133,949)	($ 7,886,325)
Revaluation:
–Group	-	( 4,603,432)	( 4,603,432)
–Associates	-	13,880	13,880
Currency translation differences:
–Group	5,550,853	-	5,550,853
–Associates	114,421	-	114,421
At December 31, 2024	($ 1,087,102)	($ 5,723,501)	($ 6,810,603)

(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:

	Timing of revenue	Year ended December 31, 2025	Year ended December 31, 2024
Revenue from 3C and semiconductor products, etc.	At a point in time	$ 408,846,169	$ 423,212,583
Others	Over time	2,307,042	2,796,533
		$ 411,153,211	$ 426,009,116

(27) Interest income

	Year ended December 31, 2025	Year ended December 31, 2024
Interest income from bank deposits	$ 511,190	$ 836,987
Other interest income	339,311	358,887
	$ 850,501	$ 1,195,874

(28) Other income

	Year ended December 31, 2025	Year ended December 31, 2024
Rental income	$ 377,356	$ 523,999
Dividend income	556,903	561,389
Others	252,126	176,220
	$ 1,186,385	$ 1,261,608

(29) Other gains and (losses)

	Year ended December 31, 2025	Year ended December 31, 2024
Net gains on financial assets at fair value through profit or loss	$ 169,767	$ 117,493
Net currency exchange losses	( 75,863)	112,722
Gains (losses) on disposal of property, plant and equipment and investment property	847,940	13,232
Related expense charges on investment property	( 33,972)	( 43,074)
Loss (gain) on lease modification	59	9,376
Others	( 13,454)	( 7,094)
	$ 894,477	$ 202,655

(30) Finance costs

	Year ended December 31, 2025	Year ended December 31, 2024
Interest expense on bank borrowings	$ 1,559,029	$ 1,839,759
Interest expense on short-term notes and bills payable	244,089	167,345
Interest expense on lease liabilities	15,906	21,853
Less: Capitalisation of qualifying assets	-	( 30,393)
	$ 1,819,024	$ 1,998,564

(31) Expenses by nature

	Year ended December 31, 2025	Year ended December 31, 2024
Employee benefit expense	$ 4,617,959	$ 5,128,008
Depreciation expense
Property, plant and equipment	$ 404,053	$ 354,432
Right-of-use assets	157,769	213,891
Investment property	31,788	32,403
Total	$ 593,610	$ 600,726
Amortization charges on intangible assets	$ 36,259	$ 46,945

(32) Employee benefit expense

	Year ended December 31, 2025	Year ended December 31, 2024
Wages and salaries	$ 3,933,514	$ 4,383,431
Employee social security expense	224,233	254,005
Pension costs	340,360	368,881
Directors’ remuneration	10,800	10,800
Other personnel expenses	109,052	110,891
	$ 4,617,959	$ 5,128,008

A. The profit distribution method as stipulated in the Articles of Incorporation of the Company is

as follows:

(a) According to the profit distribution policy revised in the Articles of Incorporation at the shareholders' meeting on May 29, 2025, the Company shall allocate pre-tax profits of the current year, after deducting employees' and directors' remuneration and rectifying losses. If a surplus remains, it shall set aside employees' remuneration of no more than 10% and not less than 0.01%, with at least 1% allocated to rank-and-file employees' remuneration, and directors' remuneration not exceeding 1%. Employees' remuneration may be distributed in stock or cash, while directors' remuneration shall be distributed in cash. Both require a resolution passed by the Board of Directors with a quorum of two-thirds of directors present and the approval of more than half of the directors in attendance. If employees' remuneration is distributed in stock, employees of the Company's subsidiaries who meet certain criteria may also be eligible, with these criteria authorized for determination by the Company's Chairman.

(b) Prior to the revision of the Articles of Incorporation at the shareholders' meeting on May 29, 2025, and according to the profit distribution policy, the Company was required to allocate pre-tax profits of the current year, after deducting employees' and directors' remuneration and rectifying losses. If a surplus remained, it would set aside employees' remuneration of no more than 10% and not less than 0.01%, and directors' remuneration not exceeding 1%. Employees' remuneration could be distributed in stock or cash, while directors' remuneration was to be distributed in cash. Both required a resolution passed by the Board of Directors with a quorum of two-thirds of directors present and the approval of more than half of the directors in attendance. If employees' remuneration was distributed in stock, employees of the Company's subsidiaries who met certain criteria could also be eligible, with these criteria authorized for determination by the Company's Chairman.

B. For the years ended December 31, 2025 and 2024, employees' compensation (bonus) were accrued at $1,200 and $1,000, respectively; directors' remuneration were accrued at $10,800 and $10,800, 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, 2025. The employees' compensation and directors' remuneration resolved by the Board of Directors were $1,200 and $10,800 and will be distributed in the form of cash.

For 2024, the employees' compensation and directors' remuneration resolved by the Board of Directors amounted to $1,000 and $10,800, respectively. Consistent with the amount recognized in the consolidated financial statements for the year ended December 31, 2024.

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 December 31, 2025	Year ended December 31, 2024
Current tax:
Current tax on profits for the period	$ 2,721,375	$ 2,275,105
Prior period income tax adjustment	(68,166)	11,151
Tax on undistributed earnings	136,509	-
Total current tax	2,789,718	2,286,256
Deferred tax:
Origination and reversal of temporary differences	(73,700)	138,334
Income tax expense	$ 2,716,018	$ 2,424,590

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

	Year ended December 31, 2025	Year ended December 31, 2024
Fair value changes on disposal of financial assets at fair value through other comprehensive income	($ 307,211)	$ -
Remeasurement of defined benefit obligations	( 685)	( 9,817)
	($ 307,896)	($ 9,817)

B. Reconciliation between income tax expense and accounting profit

	Year ended December 31, 2025	Year ended December 31, 2024
Tax calculated based on profit before tax and statutory tax rate (note)	$ 3,993,541	$ 3,871,323
Effects from items disallowed by tax regulation	( 95,232)	26,932
Tax-exempt on income from domestic investment	( 128,968)	( 123,508)
Temporary differences not recognised as deferred tax assets	( 1,409,032)	( 1,605,294)
Change in assessment of realisation of taxable loss recognised as deferred tax assets	( 36,247)	( 99,292)
Tax on undistributed earnings	136,509	-
Income tax on overseas investment income	187,000	177,200
Prior period income tax adjustment	( 68,166)	11,151
Separate taxation	577	8,161
Others	136,036	157,917
Income tax expense	$ 2,716,018	$ 2,424,590

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

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

	2025
	January 1	Recognised in profit or loss	Recognised in other comprehensive income	Influenced amounts on exchange rates or others	December 31
Deferred tax assets:
-Temporary differences:
Amount of allowance for bad debts that exceed the limit for tax purpose	$ 706,523	$ 94,450	$ -	$ 3,580	$ 804,553
Loss on inventory	51,149	( 191)	-	227	51,185
Payable for unpaid annual leave	19,294	36,665	-	250	56,209
Lease liabilities	68,254	15,836	-	376	84,466
Others	100,275	( 33,444)	( 685)	295	66,441
-Tax losses	286,463	( 128,675)	-	813	158,601
Subtotal	$ 1,231,958	($ 15,359)	($ 685)	$ 5,541	$ 1,221,455
Deferred tax liabilities:
- Temporary differences:
Unrealised discounts on purchases	($ 411,754)	$ 107,241	$ -	($ 1,361)	($ 305,874)
Unrealised exchange gain	( 31,290)	( 41,363)	-	( 324)	( 72,977)
Gain on investment	( 5,669,453)	-	-	-	( 5,669,453)
Right-of-use assets	( 66,930)	( 12,901)	-	( 357)	( 80,188)
Others	( 684,755)	36,082	-	( 9,161)	( 657,834)
Subtotal	($ 6,864,182)	$ 89,059	$ -	($ 11,203)	($ 6,786,326)
	($ 5,632,224)	$ 73,700	($ 685)	($ 5,662)	($ 5,564,871)

~70~

	2024
	January 1	Recognised in profit or loss	Recognised in other comprehensive income	Influenced amounts on exchange rates or others	December 31
Deferred tax assets:
- Temporary differences:
Amount of allowance for bad debts that exceed the limit for tax purpose	$ 689,045	$ 19,274	$ -	($ 1,796)	$ 706,523
Loss on inventory	87,872	( 36,593)	-	( 130)	51,149
Lease liabilities	95,881	( 26,748)	-	( 879)	68,254
Others	205,649	( 75,826)	( 9,817)	( 437)	119,569
- Tax losses	232,136	54,370	-	( 43)	286,463
Subtotal	$ 1,310,583	($ 65,523)	($ 9,817)	($ 3,285)	$ 1,231,958
Deferred tax liabilities:
- Temporary differences:
Unrealised discounts on purchases	($ 299,586)	($ 113,215)	$ -	$ 1,047	($ 411,754)
Gain on investment	( 5,669,453)	-	-	-	( 5,669,453)
Right-of-use assets	( 95,881)	28,886	-	65	( 66,930)
Others	( 731,070)	11,518	-	3,507	( 716,045)
Subtotal	($ 6,795,990)	($ 72,811)	$ -	$ 4,619	($ 6,864,182)
	($ 5,485,407)	($ 138,334)	($ 9,817)	$ 1,334	($ 5,632,224)

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

December 31, 2025
Year incurred	Amount filed/ assessed	Unused amount	Unrecognised deferred tax assets	Expiry year
2016~2025	$ 730,274	$ 730,274	$ 95,871	2025~2035
December 31, 2024
Year incurred	Amount filed/ assessed	Unused amount	Unrecognised deferred tax assets	Expiry year
2015~2024	$ 1,389,964	$ 1,383,301	$ 240,869	2024~2034

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

F. The Company has not recognized taxable temporary differences associated with investment in subsidiaries as deferred tax liabilities. As of December 31, 2025 and 2024, the amounts of temporary difference that are not recognized as deferred tax liabilities were $17,159,130 and

$16,023,979, respectively.

G. The Company's income tax returns of 2022 have been assessed and approved by the Tax Authority. As for the remaining domestic subsidiaries, their income tax returns of 2023 have been assessed and approved by the Tax Authority.

H. The deferred tax liabilities recognized by the Group on December 31, 2025 and 2024 when assessing the repatriation of profits from the reinvested company were both $5,669,453.

I. The Group falls within the scope of the Pillar 2 model rules issued by the Organization for Economic Co-operation and Development (OECD). The Pillar 2 legislation has been enacted for the Group's subsidiaries—Synnex Australia Pty. Ltd., Synnex Technology International (HK) Ltd. and PT. Synnex Metrodata Indonesia. As their effective tax rates exceed 16%, no obligation arises to pay top-up tax on the difference between the GLoBE effective tax rate and the minimum tax rate of 16%. As of December 31, 2025, the Group has assessed that there are no significant current income tax risks related to these jurisdictions.

(34) Earnings per share

	Year ended December 31, 2025
	Amount after tax	Weighted average number of ordinary shares outstanding (share in thousands)	Earnings per share (in dollars)
Basic earnings per share
Profit attributable to ordinary shareholders of the parent	$ 8,467,374	1,667,947	5.08
Diluted earnings per share
Profit attributable to ordinary shareholders of the parent	$ 8,467,374	1,667,947
Assumed conversion of all dilutive potential ordinary shares
Employees’ compensation	-	24
Profit attributable to ordinary shareholders of parent plus assumed conversion of all dilutive potential ordinary shares	$ 8,467,374	1,667,971	5.08

	Year ended December 31, 2024
	Amount after tax	Weighted average number of ordinary shares outstanding (share in thousands)	Earnings per share (in dollars)
Basic earnings per share
Profit attributable to ordinary shareholders of the parent	$9,212,504	1,667,947	5.52
Diluted earnings per share
Profit attributable to ordinary shareholders of the parent	$9,212,504	1,667,947
Assumed conversion of all dilutive potential ordinary shares
Employees’ compensation	-	16
Profit attributable to ordinary shareholders of parent plus assumed conversion of all dilutive potentialordinary shares	$9,212,504	1,667,963	5.52
(Remainder of page intentionally left blank)

(35) Changes in liabilities from financing activities

	Cash dividends payable	Short-term borrowings	Short-term notes and bills payable	Long-term borrowings (including current portion)	Current/ Non-current lease liabilities	Guarantee deposits received
At January 1, 2025	$ -	$ 58,755,355	$ 7,600,000	$ 20,950,000	$ 294,555	$ 147,651
Cash dividends declared	7,044,532	-	-	-	-	-
Cash dividends paid	( 7,044,532)	-	-	-	-	-
Increase in loans	-	-	-	-	-	-
Decrease in loans	-	( 1,034,989)	-	45,850,000	-	-
Increase in short-term notes and bills payable	-	-	1,200,000	( 57,600,000)	-	-
Payments of lease liabilities	-	-	-	-	( 74,279)	-
Increase in lease liabilities	-	-	-	-	186,669	-
Changes in other non-cash items	-	-	-	-	22,217	-
Increase in guarantee deposits received	-	-	-	-	-	3,570,493
Decrease in guarantee deposits received	-	-	-	-	-	( 3,587,062)
Impact of changes in foreign exchange rate	-	-	-	-	( 61,150)	1,259
At December 31, 2025	$ -	$ 57,720,366	$ 8,800,000	$ 9,200,000	$ 368,012	$ 132,341
	Cash dividends payable	Short-term borrowings	Short-term notes and bills payable	Long-term borrowings (including current portion)	Current/ Non-current lease liabilities	Guarantee deposits received
---	---	---	---	---	---	---
At January 31, 2024	$ -	$ 51,973,423	$ 7,530,000	$ 22,870,000	$ 571,180	$ 166,355
Cash dividends declared	5,408,341	-	-	-	-	-
Cash dividends paid	( 5,408,341)	-	-	-	-	-
Increase in loans	-	6,781,932	-	11,900,000	-	-
Decrease in loans	-	-	-	( 13,820,000)	-	-
Increase in short-term notes and bills payable	-	-	70,000	-	-	-
Payments of lease liabilities	-	-	-	-	( 124,500)	-
Increase in lease liabilities	-	-	-	-	22,021	-
Changes in other non-cash items	-	-	-	-	( 116,615)	-
Increase in guarantee deposits received	-	-	-	-	-	967,337
Decrease in guarantee deposits received	-	-	-	-	-	( 983,148)
Impact of changes in foreign exchange rate	-	-	-	-	( 57,531)	( 2,893)
At December 31, 2024	$ -	$ 58,755,355	$ 7,600,000	$ 20,950,000	$ 294,555	$ 147,651

(36) Supplemental information of cash flows

Investment activities partially paid out by cash :

	Year ended December 31, 2025	Year ended December 31, 2024
Purchase of property, plant, and equipment	$ 374,266	$ 4,439,113
Add : Beginning balance of construction payable (listed as other payables)	201,412	-
Less: Ending balance of construction payable (listed as other payables)	( 54,032)	( 201,412)
Cash paid out in current period	$ 521,646	$ 4,237,701

7. RELATED PARTY TRANSACTIONS

(1) Names of related parties and relationship

Names of related parties	Relationship with the Group
Associates:
Synnex (Thailand) Public Company Ltd. and its Subsidiaries (Synnex Thailand)	The Company’s investee accounted for using equity method
Redington Limited	The Company’s investee accounted for using equity method
Synnex FPT Joint Stock Company and its Subsidiaries (Synnex FPT)	Indirect subsidiary’s investee accounted for using equity method
Asgard System, Inc.	Indirect investee of subsidiary
Other related parties:
Mitac Incorporated	The Company’s chairperson is the related party’s chairperson
Mitac Information Technology Corporation	The Company’s chairperson is the related party’s director
Mitac International Corporation	The Company’s chairperson is the related party’s chairperson
Mitac Digital Technology Corporation	The Company’s chairperson is the related party’s director
Mitac Computing Technology Corporation	The Company’s chairperson is the related party’s director
Getac Holdings Corporation and its Subsidiaries	The Company’s chairperson is the related party’s director
Lien Hwa Industrial Holdings Corporation	The Company’s chairperson is the related party’s chairperson
UPC Technology Corporation	The Company’s chairperson is the related party’s chairperson

Names of related parties

Relationship with the Group

Harbinger III Venture Capital
The Company’s chairperson is the related party’s director

Mitac Communication Co., Ltd.
The related party’s director is the second-degree relative of the Company’s chairperson

Tong Da Investment Corporation
The Company’s director is the related party’s chairperson

Lien Yuan Investment Corp.
The Company’s director is the related party’s chairperson

Jetwell Computer Co., Ltd.
The Company’s subsidiary is the related party’s director

Zong Yi Information Co., Ltd.
Wholly-owned subsidiary of Jetwell Computer Co., Ltd.

Inforcom Technology Inc.
The Company’s subsidiary is the related party’s director

Din Yen Technology Inc.
Wholly-owned subsidiary of Inforcom Technology Inc.

Udar Digital Inc.
Wholly-owned subsidiary of Inforcom Technology Inc.

Digitimes Inc.
The Company is the related party’s director

Lien Hwa Milling Corporation
The Company’s chairperson is the related party’s director

PT. Mitra Integrasi Informatika (MII)
Subsidiary’s other related party

PT. Metrodata Electronics, Tbk (MTDL)
SMI’s director

PT. Soltius Indonesia (SI)
Subsidiary’s other related party

Packet System Indonesia (PSI)
Subsidiary’s other related party

PT. Sinergi Transformasi Digital (STD)
Subsidiary’s other related party

PT. Cacafly Metrodata Indonesia (CMI)
Subsidiary’s other related party

PT. Aneka Teknologi Utama (ATU)
Subsidiary’s other related party

PT. FPT Metrodata Indonedia (FMI)
Subsidiary’s other related party

All directors, general managers and key management personnel, etc.
The Group’s key management and governance body

(2) Significant related party transactions and balances

A. Operating revenue

	Year ended December 31, 2025	Year ended December 31, 2024
Sales of goods:
— Associates	$ 129,822	$ 67,823
— Other related parties	4,104,246	4,216,114
	$ 4,234,068	$ 4,283,937

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 days to 150 days after monthly billings.

B. Receivables from related parties

	December 31, 2025	December 31, 2024
Accounts receivable:
— Associates	$ 7,920	$ 18,371
— Other related parties	826,426	527,782
	$ 834,346	$ 546,153

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

C. Purchases of goods

	Year ended December 31, 2025	Year ended December 31, 2024
Purchases of goods:
— Associates	$ 37	$ -
— Other related parties	188,249	174,623
	$ 188,286	$ 174,623

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

	December 31, 2025	December 31, 2024
Accounts payable:
— Associates	$ 11	$ -
— Other related parties	13,505	57,129
	$ 13,516	$ 57,129

The payables to related parties arise mainly from purchase transactions.

E. Dividend income

(a) Dividend income

The details of the dividend income allocated to the Group due to its investment in related parties are as follows:

	Year ended December 31, 2025	Year ended December 31, 2024
Mitac Incorporated	$ 168,251	$ 175,695
Other related parties	48,571	60,236
	$ 216,822	$ 235,931

(b) Investments accounted for under the equity method

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

	Year ended December 31, 2025	Year ended December 31, 2024
Redington Limited	$ 428,579	$ 453,824
Synnex Thailand	142,548	107,582
Synnex FPT	204,553	365,842
Associates	3,360	960
	$ 779,040	$ 928,208

As of December 31, 2025 and 2024, there are no other receivables from the aforementioned transactions.

F. Other transactions

The amount of other payables and other income arising from transactions between the Group and related party transactions are immaterial; therefore, detailed disclosure is not provided.

(3) Key management compensation

	Year ended December 31, 2025	Year ended December 31, 2024
Short-term employee benefits	$ 123,667	$ 132,980
Post-employment benefits (Note)	4,571	5,086
Total	$ 128,238	$ 138,066

Note: Benefits are provisions that are not actually distributed.

PLEDGED ASSETS

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

Pledged asset	Book value		Purpose
	December 31, 2025	December 31, 2024
Non-current financial assets at amortized cost:
Pledged time deposits	$ 785,533	$ 802,040	Guarantees for purchases
Property, plant and equipment	650,102	641,215	Pledged for short-term borrowings
Accounts receivable	-	90,000	Pledged for short-term borrowings
Inventories	-	90,000	Pledged for short-term borrowings
	$ 1,435,635	$ 1,623,255

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. The petition for retrial was dismissed in December 2025.

(2) Commitments

A. As of December 31, 2025 and 2024, the individual financing endorsement guarantee limits within the Group were $66,117,381 and $77,776,956, and the amounts used were $12,538,009 and $15,652,428, respectively.

B. As of December 31, 2025 and 2024, the Group issued promissory notes to guarantee the suppliers' credit limit amounting to $4,561,614 and $3,347,841, respectively, for inventory purchases.

C. As of December 31, 2025 and 2024, the promissory notes issued by the Group as required under its accounts receivable guarantee contracts were US$155,000 and US$155,500 thousand, respectively.

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

	December 31, 2025	December 31, 2024
Property, plant and equipment	$ -	$ 260,591

December 31, 2024: It refers to the contract commitments of the Group to acquire the logistics center in Melbourne.

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

(1) The Group's subsidiary, Peer Developments Ltd., resolved at the Board meeting in December 2025 to dispose of 1,000,000 shares of TD Synnex Corp. on the open market. The disposal was completed in February 2026, resulting in proceeds of approximately US$156,350 thousand. This disposal pertains to financial assets measured at fair value through other comprehensive income, and the disposal result will be recognized under equity in the consolidated balance sheet.

(2) The Group's subsidiary, Peer Developments Ltd., resolved at the Board meeting in January 2026 to acquire shares of Concentrix Corp. on the open market. The acquisition was completed in February 2026, with transaction proceeds of approximately US$31,682 thousand.

(3) On March 10, 2026, the Board of Directors resolved the distribution of earnings for the year of 2025. Please refer to Note 6(24).

~78~

~79~

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 long-term 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, 2025 and 2024 were 51% and 68%, 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 amortized cost, notes receivable, accounts receivable (including related parties), other receivables, non-current financial assets at fair value through other comprehensive income, non-current financial assets at amortized cost, other non-current assets-refundable deposits, other non-current assets-long-term notes and overdue receivables and other non-current assets-long-term 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), lease liabilities (current and non-current)).

	December 31, 2025	December 31, 2024
Financial liabilities
Other non-current liabilities
-guarantee deposits received	$ 132,341	$ 147,651

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 recognized 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:

~80~

	December 31, 2025
	Foreign currency amount (in thousands)	Exchange rate	Book value (NTD)
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	558,938	31.43	$17,567,421
USD:HKD	144,618	7.78	4,544,421
USD:AUD	9,025	1.50	283,656
NZD:USD	11,378	0.58	207,414
RMB:HKD	136,603	1.11	613,767
USD:IDR	17,340	16,666.67	544,996
HKD:RMB	533,972	0.90	2,156,667
AUD:USD	4,946	0.67	104,153
RMB:NTD	33,051	4.49	148,537
Non-monetary items
INR:NTD	22,422,419	0.349800	$7,942,629
THB:NTD	1,909,483	1.001900	1,911,764
VND:USD	1,318,164,673	0.000038	1,574,337
Financial liabilities
Monetary items
USD:NTD	549,807	31.43	$17,280,434
USD:HKD	116,743	7.78	3,668,489
USD:AUD	10,025	1.50	315,086
USD:RMB	7,719	6.99	242,608
USD:IDR	25,976	16,666.67	816,426
RMB:HKD	152,869	1.11	868,853

~82~

	December 31, 2024
	Foreign currency amount (in thousands)	Exchange rate	Book value (NTD)
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	556,122	32.84	$ 18,263,046
USD:HKD	83,293	7.76	2,734,660
USD:AUD	7,822	1.61	256,835
NZD:USD	16,471	0.56	302,908
RMB:HKD	65,536	1.06	294,086
USD:IDR	15,688	16,129.03	515,194
HKD:RMB	570,910	0.94	2,414,486
AUD:USD	5,302	0.62	107,953
RMB:NTD	34,923	4.49	156,723
Non-monetary items
INR:NTD	19,321,538	0.383700	$ 7,413,675
THB:NTD	1,758,830	0.982300	1,727,698
VND:USD	1,277,096,886	0.000039	1,571,377
Financial liabilities
Monetary items
USD:NTD	560,026	32.84	$ 18,391,254
USD:HKD	140,891	7.76	4,625,707
USD:AUD	8,662	1.61	284,417
USD:RMB	4,915	7.32	161,384
USD:IDR	20,999	16,129.03	689,607
RMB:HKD	60,802	1.06	272,842

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, 2025 and 2024, please refer to Note 6(29).

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

	Year ended December 31, 2025
	Sensitivity analysis
	Degree of variation	Effect on profit or loss	Effect on other comprehensive income
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	1%	$ 175,674	$ -
USD:HKD	1%	45,444	-
USD:AUD	1%	2,837	-
NZD:USD	1%	2,074	-
RMB:HKD	1%	6,138	-
USD:IDR	1%	5,450	-
HKD:RMB	1%	21,567	-
AUD:USD	1%	1,042	-
RMB:NTD	1%	1,485
Monetary items
USD:NTD	1%	($ 172,804)	$ -
USD:HKD	1%	( 36,685)	-
USD:AUD	1%	( 3,151)	-
USD:RMB	1%	( 2,426)	-
USD:IDR	1%	( 8,164)	-
RMB:HKD	1%	( 8,689)	-

Year ended December 31, 2024

	Sensitivity analysis
	Degree of variation	Effect on profit or loss	Effect on other comprehensive income
(Foreign currency: functional currency)
Financial assets
Monetary items
USD:NTD	1%	$ 182,630	$ -
USD:HKD	1%	27,347	-
USD:AUD	1%	2,568	-
NZD:USD	1%	3,029
RMB:HKD	1%	2,941	-
USD:IDR	1%	5,152	-
HKD:RMB	1%	24,145	-
AUD:USD	1%	1,080	-
RMB:NTD	1%	1,567	-
Financial liabilities
Monetary items
USD:NTD	1%	($ 183,913)	$ -
USD:HKD	1%	( 46,257)	-
USD:AUD	1%	( 2,844)	-
USD:RMB	1%	( 1,614)	-
USD:IDR	1%	( 6,896)	-
RMB:HKD	1%	( 2,728)	-

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, 2025 and 2024 would have increased/decreased by $85,387 and $35,977, 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 $204,367 and $260,991, respectively, as a result of gains/losses from equity instruments at fair value through other comprehensive income.

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 the years ended December 31, 2025 and 2024, the Group’s borrowings at variable rate were mainly denominated in NTD, USD, and AUD.

ii. The Group’s borrowings are measured at amortized 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, 2025 and 2024 would have decreased/increased by $187,013 and $207,351, 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 notes receivable, accounts receivable (including related parties and lease receivables (expiring within one year)) and overdue receivables 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 analyzing 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 utilization 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.

~85~

vii. The Group used the forward-looking considerations to adjust historical and timely information to assess the default possibility of notes receivable, accounts receivable (including related parties and lease receivables (expiring within one year)) and overdue receivables. The assessment is as follows:

	Group provision	Individual provision				Total
		Group A	Group B	Group C	Group D
At December 31, 2025
Expected loss rate	0.2%-0.45%	15%	50%	75%	100%
Total book value	$76,978,019	$1,371,069	$275,620	$788,795	$3,186,981	$82,600,484
Loss allowance	($ 271,515)	($ 205,662)	($ 137,810)	($ 591,597)	($ 3,186,981)	($ 4,393,565)
	Group provision	Individual provision				Total
		Group A	Group B	Group C	Group D
At December 31, 2024
Expected loss rate	0.2%-0.45%	15%	50%	75%	100%
Total book value	$77,933,350	$1,753,931	$370,829	$331,242	$2,023,629	$82,412,981
Loss allowance	($ 285,046)	($ 263,089)	($ 185,414)	($ 248,432)	($ 2,023,629)	($ 3,005,610)

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

	2025
	Notes receivable	Accounts receivable	Overdue receivables	Total
At January 1	$ 22,114	$ 262,932	$ 2,720,564	$ 3,005,610
Provision for (reversal of) impairment loss	3,672	( 11,944)	1,537,240	1,528,968
Write-offs	-	( 1,850)	( 160,401)	( 162,251)
Effect of exchange rate changes	143	( 3,552)	24,647	21,238
At December 31	$ 25,929	$ 245,586	$ 4,122,050	$ 4,393,565
	2024
	Notes receivable	Accounts receivable	Overdue receivables	Total
At January 1	$ 20,573	$ 214,327	$ 2,814,140	$ 3,049,040
Provision for (reversal of) impairment loss	741	45,539	412,508	458,788
Write-offs	-	( 605)	( 617,795)	( 618,400)
Effect of exchange rate changes	800	3,671	111,711	116,182
At December 31	$ 22,114	$ 262,932	$ 2,720,564	$ 3,005,610

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 headroom 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:

Non-derivative financial liabilities

December 31, 2025	Less than 1 year	Over 1 year	Total
Lease liabilities (current/non-current)	$ 132,632	$ 258,679	$ 391,311
Guarantee deposits received	-	132,341	132,341
Long-term borrowings
(including current portion)	179,449	9,426,469	9,605,918
December 31, 2024	Less than 1 year	Over 1 year	Total
Lease liabilities (current/non-current)	$ 99,610	$ 266,776	$ 366,386
Guarantee deposits received	-	147,651	147,651
Long-term borrowings
(including current portion)	424,722	21,909,695	22,334,417

(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.

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 amortized cost, non-current financial assets at amortized 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

~87~

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:

December 31, 2025	Level 1	Level 2	Level 3	Total
Assets:
Recurring fair value measurements
Current financial assets at fair value through profit or loss
Equity securities	$ 270,719	$ -	$ -	$ 270,719
Financial products	-	8,240,582	-	8,240,582
Non-current financial assets at fair value through profit or loss
Equity securities	-	-	27,409	27,409
Current financial assets at fair value through other comprehensive income
Equity securities	12,626,472	-	-	12,626,472
Non-current financial assets at fair value through other comprehensive income
Equity securities	1,451,505	162,509	6,196,254	7,810,268
	$14,348,696	$ 8,403,091	$ 6,223,663	$28,975,450
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value through profit or loss
Forward exchange contracts	$ -	$ 1,628	$ -	$ 1,628

December 31, 2024	Level 1	Level 2	Level 3	Total
Assets:
Recurring fair value measurements
Current financial assets at fair value through profit or loss
Equity securities	$ 206,565	$ -	$ -	$ 206,565
Financial products	-	3,363,516	-	3,363,516
Non-current financial assets at fair value through profit or loss
Equity securities	-	-	27,596	27,596
Current financial assets at fair value through other comprehensive income
Equity securities	18,415,381	-	-	18,415,381
Non-current financial assets at fair value through other comprehensive income
Equity securities	1,345,888	148,692	6,189,103	7,683,683
	$19,967,834	$ 3,512,208	$ 6,216,699	$29,696,741
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value through profit or loss
Forward exchange contracts	$ -	$ 846	$ -	$ 846

(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

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, 2025 and 2024, 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, 2025 and 2024:

	2025	2024
	Non-derivative equity instrument	Non-derivative equity instrument
At January 1	$ 6,216,699	$ 5,614,573
Gains and losses recognised in profit or loss	(219)	(240)
Gains and losses recognised in other comprehensive income
Recorded as unrealised (losses) gains on valuation of investments in equity instruments measured at fair value through other comprehensive income	(16,432)	588,079
Acquired in the period	24,787	11,612
Effect of exchange rate changes	(1,172)	2,675
At December 31	$ 6,223,663	$ 6,216,699

G. 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.
H. The following is the quantitative information of significant unobservable inputs of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:

~90~

I. 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:

	December 31, 2025
	Input	Change	Recognised in profit or lossFavourable change	Unfavourable change	Unfavourable change
Financial assetsEquity instrument	Discount for lack of marketability	± 10%	$ -	$ -	$ 20,862 ($ 20,862)
Equity instrument	Net asset value	± 1%	$ 274	($ 274)	$ 59,876 ($ 59,876)
			December 31, 2024
	Input	Change	Recognised in profit or lossFavourable change	Unfavourable change	Unfavourable change
Financial assetsEquity instrument	Discount for lack of marketability	± 10%	$ -	$ -	$ 16,402 ($ 16,402)
Equity instrument	Net asset value	± 1%	$ 276	($ 276)	$ 60,527 ($ 60,527)

~92~

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 significant marketable securities at the end of the period (not including subsidiaries, associates, and joint ventures): Please refer to table 3.
D. 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 4.
E. Receivables from related parties reaching $100 million or 20% of paid-in capital or more: Please refer to table 5.
F. Significant inter-company transactions during the reporting periods: Please refer to table 6.

(2) Information on investees

Names, locations, and other information of investee companies (not including investees in Mainland China): Please refer to table 7.

(3) Information on investments in Mainland China

A. Basic information: Please refer to table 8.
B. Significant transactions, either directly or indirectly through a third area, with investee companies in the Mainland Area: Please refer to table 6.

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 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, 2025

	IT/Telecom business	Semiconductor business	Reconciliation	Total
Revenue from external customers	$ 266,776,668	$ 144,376,543	$ -	$ 411,153,211
Inter-segment revenue	10,004,404	12,806,962	( 22,811,366)	-
Segment revenue	$ 276,781,072	$ 157,183,505	($ 22,811,366)	$ 411,153,211
Segment profit	$ 6,859,064	$ 1,703,947	$ -	$ 8,563,011
Segment assets	$ 178,161,107	$ 39,262,088	$ -	$ 217,423,195
Year ended December 31, 2024
	IT/Telecom business	Semiconductor business	Reconciliation	Total
Revenue from external customers	$ 275,348,750	$ 150,660,366	$ -	$ 426,009,116
Inter-segment revenue	12,289,210	12,620,708	( 24,909,918)	-
Segment revenue	$ 287,637,960	$ 163,281,074	($ 24,909,918)	$ 426,009,116
Segment profit	$ 6,897,801	$ 3,124,767	$ -	$ 10,022,568
Segment assets	$ 184,848,518	$ 40,118,787	$ -	$ 224,967,305

(4) Reconciliation for segment income (loss)

A. Sales between segments is 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:

	Year ended December 31, 2025	Year ended December 31, 2024
Reportable segment profit	$ 8,563,011	$ 10,022,568
Total non-operating income and expenses	3,250,446	2,331,488
Income before tax	$ 11,813,457	$ 12,354,056

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 equal 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:

	December 31, 2025	December 31, 2024
Sales revenue	$ 408,846,169	$ 423,212,583
Service revenue	2,307,042	2,796,533
	$ 411,153,211	$ 426,009,116

(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 are as follows:

	Year ended December 31, 2025		Year ended December 31, 2024
	Revenue	Non-current assets (Note)	Revenue	Non-current assets (Note)
Taiwan	$ 65,854,597	$ 6,331,753	$ 63,622,909	$ 6,429,653
China and Hong Kong	244,748,405	5,179,193	259,541,148	5,297,347
Australia, New Zealand and Indonesia	100,550,209	5,391,226	102,845,059	5,282,385
	$ 411,153,211	$ 16,902,172	$ 426,009,116	$ 17,009,385

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, 2025 and 2024.

~94~

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Loans to others

Year ended December 31, 2025

Expressed in thousands of NTD

(Except as otherwise indicated)

Table 1

No.	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2025 (Note 9)	Balance at December 31, 2025	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 Item	Value	Limit on loans granted to a single party	Ceiling on total loans granted	Footnote
0	Synnex Technology International Corporation	Seper Technology Corporation	Other receivables	Y	$ 1,000,000	$ 1,000,000	$ 141,847	1.92-1.95%	(Note 1)	$ -	Operating turnover	$ -	-	$ -	$ 32,076,916	$ 32,076,916	(Note 2)
0	Synnex Technology International Corporation	Bestcom Infotech Corp.	Other receivables	Y	1,000,000	1,000,000	950,000	1.92-1.93%	(Note 1)	-	Operating turnover	-	-	-	32,076,916	32,076,916	(Note 2)
0	Synnex Technology International Corporation	E-Fan Investments CO., LTD.	Other receivables	Y	500,000	500,000	-	1.92%	(Note 1)	-	Operating turnover				32,076,916	32,076,916	(Note 2)
0	Synnex Technology International Corporation	Synnex Global Ltd.	Other receivables	Y	3,325,500	3,143,000	-	-	(Note 1)	-	Operating turnover				32,076,916	32,076,916	(Note 2)
1	Synnex Global Ltd.	Synnex Technology International Corporation	Other receivables	Y	9,976,500	9,429,000	1,907,801	-	(Note 1)	-	Operating turnover	-	-	-	79,823,363	114,033,375	(Note 3)
1	Synnex Global Ltd.	Syntech Asia Ltd.	Other receivables	Y	29,929,500	28,287,000	14,210,540	-	(Note 1)	-	Operating turnover	-	-	-	79,823,363	114,033,375	(Note 3)
1	Synnex Global Ltd.	Levetech Ltd.	Other receivables	Y	1,662,750	1,571,500	481,633	-	(Note 1)	-	Operating turnover	-	-	-	79,823,363	114,033,375	(Note 3)
1	Synnex Global Ltd.	Synnex Technology International (HK) Ltd.	Other receivables	Y	13,302,000	6,286,000	-	-	(Note 1)	-	Operating turnover	-	-	-	79,823,363	114,033,375	(Note 3)
1	Synnex Global Ltd.	Synnex Australia Pty. Ltd.	Other receivables	Y	2,101,000	2,101,000	-	-	(Note 1)	-	Operating turnover	-	-	-	79,823,363	114,033,375	(Note 3)
1	Synnex Global Ltd.	Synnex New Zealand Ltd.	Other receivables	Y	853,830	544,500	190,575	-	(Note 1)	-	Operating turnover	-	-	-	79,823,363	114,033,375	(Note 3)
1	Synnex Global Ltd.	Synnex China Holdings Ltd.	Other receivables	Y	3,358,755	3,174,430	3,099,638	-	(Note 1)	-	Operating turnover	-	-	-	79,823,363	114,033,375	(Note 3)
2	Synnex Investments (China) Ltd.	Synnex (Nanchang) Ltd.	Other receivables	Y	269,760	269,760	256,722	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Harbing) Ltd.	Other receivables	Y	288,055	283,248	249,528	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Changsha) Ltd.	Other receivables	Y	224,800	224,800	204,118	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Jinan) Ltd.	Other receivables	Y	260,621	188,832	157,810	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Beijing) Ltd.	Other receivables	Y	809,280	809,280	470,102	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex Distributions (China) Ltd.	Other receivables	Y	9,891,200	9,891,200	4,046,400	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Hefei) Ltd.	Other receivables	Y	157,744	155,112	76,432	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Tianjin) Ltd.	Other receivables	Y	40,464	40,464	31,472	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Xiamen) Ltd.	Other receivables	Y	43,437	42,712	-	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (ZhenZhou) Ltd.	Other receivables	Y	36,578	35,968	17,984	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
2	Synnex Investments (China) Ltd.	Synnex (Shenyang) Ltd.	Other receivables	Y	22,862	22,480	15,646	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)
	Synnex Investments (China) Ltd.	LanXiang Technology (Shenzhen) Ltd.	Other receivables	Y	899,200	899,200	238,738	1.65%	(Note 1)	-	Operating turnover	-	-	-	18,050,520	18,050,520	(Note 4)

Table 1, Page 1

No.	Creditor	Borrower	General ledger account	Is a related party	Maximum outstanding balance during the year ended December 31, 2025 (Note 9)	Balance at December 31, 2025	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 Item Value	Limit on loans granted to a single party	Ceiling on total loans granted	Footnote
3	Trade Vanguard Global Ltd.	Synnex Distributions (China) Ltd.	Other receivables	Y	$ 19,660,890	$ 19,332,000	$ 16,500,320	-	(Note 1)	$ -	Operating turnover	$ -	-	$ -	$ 44,751,784	$ 44,751,784
3	Trade Vanguard Global Ltd.	Synnex Technology International (HK) Ltd.	Other receivables	Y	4,572,300	4,496,000	668,770	-	(Note 1)	-	Operating turnover	-	-	-	44,751,784	44,751,784
3	Trade Vanguard Global Ltd.	Synnex Investments (China) Ltd.	Other receivables	Y	3,657,840	3,596,800	3,057,280	-	(Note 1)	-	Operating turnover	-	-	-	44,751,784	44,751,784
4	E-Fan Investments CO., LTD.	Synnex Technology International Corporation	Other receivables	Y	113,000	111,000	-	1.92–1.95%	(Note 1)	-	Operating turnover	-	-	-	122,653	122,653
5	Golden Thinking Ltd.	Synnex Global Ltd.	Other receivables	Y	1,260,600	1,260,600	-	-	(Note 1)	-	Operating turnover	-	-	-	1,774,925	1,774,925

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. 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. 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. 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. 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. 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=1:31.43.
Note 9: The limit on loans balance are resolved by the Board of Directors.

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Provision of endorsements and guarantees to others

Year ended December 31, 2025

Table 2

Expressed in thousands of NTD

(Except as otherwise indicated)

Number	Endorser/guarantor	Company name	Party being endorsed/guaranteed		Limit on endorsements/guarantees provided for a single party	Maximum outstanding endorsement/guarantee amount as of December 31, 2025	Outstanding endorsement/guarantee amount at December 31, 2025	Actual amount drawn down	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 / Note 1)	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
			Relationship with the endorser/guarantor	Synnex Global Ltd.
0	Synnex Technology International Corporation	Synnex Global Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	$ 80,192,290	$ 19,620,450	$ 16,029,300	$ 284,845	-	20%	$ 160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	Synnex Australia Pty. Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	9,846,659	8,014,293	5,025,812	-	10%	160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	Synnex Technology International (HK) Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	17,678,364	10,195,892	1,261,702	-	13%	160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	Synnex New Zealand Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	1,169,288	634,628	413,170	-	1%	160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	Seper Technology Corporation	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	2,000,000	2,000,000	376,910	-	2%	160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	Syntech Asia Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	22,111,250	20,850,662	3,332,936	-	26%	160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	Synnex Distributions (China) Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	3,413,726	3,413,726	1,456,147	-	4%	160,384,580	Y	N	Y	(Note 1)
0	Synnex Technology International Corporation	Leveltech Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	465,570	440,020	116,727	-	1%	160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	Trade Vanguard Global Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	1,662,750	1,571,500	-	-	2%	160,384,580	Y	N	N	(Note 1)
0	Synnex Technology International Corporation	LanXiang Technology (Shenzhen) Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	80,192,290	269,760	269,760	269,760	-	-	160,384,580	Y	N	Y	(Note 1)
1	Synnex Investments (China) Ltd.	Synnex Distributions (China) Ltd.	B. The endorser/guarantor parent company owns directly and indirectly more than 50% voting shares of the endorsed /guaranteed subsidiary.	18,050,520	2,743,380	2,697,600	-	-	15%	18,050,520	N	N	Y	(Note 2)

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.
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..

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

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

December 31, 2025

Table 3
Expressed in thousands of NTD
(Except as otherwise indicated)

Securities held by	Marketable securities	Relationship with the securities issuer	General ledger account	As of December 31, 2025				Footnote
				Number of shares	Book value	Ownership (%)	Fair value
Synnex Technology International Corporation	UPC Technology Corporation	The issuer's chairperson is the same as the Company's chairperson	Non-current financial assets at fair value through other comprehensive income	68,992,033	$ 689,920	5.11%	$ 689,920
Synnex Technology International Corporation	Mitac Incorporated	The issuer's chairperson is the same as the Company's chairperson	Non-current financial assets at fair value through other comprehensive income	74,763,853	5,663,520	18.58%	5,663,520
Bestcom Infotech Corp.	Jetwell Computer Co., Ltd.	Bestcom Infotech Corp. is the issuer's director	Non-current financial assets at fair value through other comprehensive income	3,645,066	601,436	8.34%	601,436
Synnex Technology International Corporation and its subsidiaries	Common shares of listed and non-listed companies		Non-current financial assets at fair value through other comprehensive income		855,392	None	855,392	(Note)
Total					$ 7,810,268		$ 7,810,268
Peer Developments Ltd.	TD Synnex Corporation	None	Current financial assets at fair value through other comprehensive income	1,691,705	$ 7,992,558	2.10%	$ 7,992,558
Peer Developments Ltd.	Concentrix Corporation	None	Current financial assets at fair value through other comprehensive income	3,545,840	4,633,914	5.76%	4,633,914
Total					$ 12,626,472		$ 12,626,472
Synnex (Shanghai) Ltd.	Chao Zhao Jin No.7007	None	Current financial assets at fair value through profit or loss	-	$ 1,029,319	-	$ 1,029,319
Synnex Investments (China) Ltd.	Xinding 60-Day Holding No. 1C; Agricultural Bank “Anxin · Linglong” interbank negotiable certificate of deposit; and the Deposit Enhancement Series 3 wealth management product	None	Current financial assets at fair value through profit or loss	-	2,033,205	-	2,033,205

Table 3, Page 1

Securities held by	Marketable securities	Relationship with the securities issuer	General ledger account	As of December 31, 2025				Footnote
				Number of shares	Book value	Ownership (%)	Fair value
Synnex Distributions (China) Ltd.	Xinding 60-Day Holding Series No. 1C, Xinding 90-Day Hold No. 3C, Xinyin Wealth Management Anying Stable Income Series No. 3C, Industrial Gold Snowball Stable Profit Daily Income No. 1 ,Xingyin Wealth Management Delight F Series, Xingyin Wealth Management E Series,Xingyin Wealth Management Stable Profit Hengying 3-Month Regularly Open No. 2 ,Xingyin Wealth Management Stable Profit Delight F Series	None	Current financial assets at fair value through profit or loss	-	4,521,925	-	4,521,925
Synnex Technology International Corporation and its subsidiaries	Listed Company Common Stock and Financial Products		Current financial assets at fair value through profit or loss	-	926,852	-	926,852	(Note)
Total				-	$ 8,511,301	-	$ 8,511,301
Synnex (Shanghai) Ltd.	Non-listed Common Stock		Non-current financial assets at fair value through other comprehensive income	-	$ 27,409	-	$ 27,409	(Note)

Note: Balances with a carrying amount less than NT$300 million at the end of the period are aggregated and disclosed.

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, 2025

Table 4

Expressed in thousands of NTD

(Except as otherwise indicated)

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			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	Syntech Asia Ltd.	Direct wholly-owned subsidiary	(Sales)	($ 5,738,340)	(11%)	60 days	Standard selling price and collection terms	Insignificant difference	$ 2,548,616	28%
Synnex Technology International Corporation	Syntech Asia Ltd.	Direct wholly-owned subsidiary	Purchases	4,140,718	9%	60 days	Standard purchasing price and payment terms	Insignificant difference	( 21,302)	-
Synnex Technology International Corporation	Seper Technology Corporation	Direct wholly-owned subsidiary	Purchases	1,023,225	2%	30 days	Standard purchasing price and payment terms	Insignificant difference	( 4,879)	-
Synnex Technology International Corporation	Mitac Computing Technology Corporation	Other related party	(Sales)	( 103,538)	-	75 days	Standard selling price and collection terms	Insignificant difference	33,915	-
Synnex Technology International Corporation	Getac Holdings Corporation and its Subsidiaries	Other related party	(Sales)	( 517,019)	(1%)	120 days	Standard selling price and collection terms	Insignificant difference	189,752	2%
Synnex Technology International Corporation	Jetwell Computer Co., Ltd.	Other related party	(Sales)	( 117,986)	-	60 days	Standard selling price and collection terms	Insignificant difference	15,212	-
Seper Technology Corporation	Synnex Technology International Corporation	Parent company	(Sales)	( 1,023,225)	(16%)	30 days	Standard selling price and collection terms	Insignificant difference	4,879	1%
Bestcom Informtech Corp.	Mitac Information Technology Corporation	Other related party	(Sales)	( 197,464)	(1%)	75 days	Standard selling price and collection terms	Insignificant difference	146,541	5%
Bestcom Informtech Corp.	Jetwell Computer Co., Ltd.	Other related party	(Sales)	( 139,798)	(1%)	60 days	Standard selling price and collection terms	Insignificant difference	13,180	-
Bestcom Informtech Corp.	Asgard System, Inc.	Associate company	(Sales)	( 129,822)	(1%)	60 days	Standard selling price and collection terms	Insignificant difference	7,920	-
Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Distributions (China) Ltd.	An affiliate	(Sales)	( 5,866,788)	(16%)	90 days after receipt of goods	Standard selling price and collection terms	Insignificant difference	505,577	14%
Synnex Technology International (HK) Ltd. and its subsidiaries	Syntech Asia Ltd.	An affiliate	(Sales)	( 104,034)	-	30 days	Standard selling price and collection terms	Insignificant difference	-	-

Table 4, Page 1

Purchaser/seller	Counterparty	Relationship with the counterparty	Transaction				Differences in transaction terms compared to third party transactions		Notes/accounts receivable (payable)
			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 (HK) Ltd. and its subsidiaries	Syntech Asia Ltd.	An affiliate	Purchases	$ 1,649,023	5%	30 days	Standard purchasing price and payment terms	Insignificant difference	($ 268,979)	(7%)
Syntech Asia Ltd.	Synnex Technology International Corporation	Parent company	(Sales)	( 4,140,718)	(3%)	60 days	Standard selling price and collection terms	Insignificant difference	21,302	-
Syntech Asia Ltd.	Synnex Technology International Corporation	Parent company	Purchases	5,738,340	4%	60 days	Standard purchasing price and payment terms	Insignificant difference	( 2,548,616)	(46%)
Syntech Asia Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	An affiliate	(Sales)	( 1,649,023)	(1%)	30 days	Standard selling price and collection terms	Insignificant difference	268,979	2%
Syntech Asia Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	An affiliate	Purchases	104,034	-	30 days	Standard purchasing price and payment terms	Insignificant difference	-	-
Syntech Asia Ltd.	LanXiang Technology (Shenzhen) Ltd.	An affiliate	(Sales)	( 1,086,951)	(1%)	90 days	Standard selling price and collection terms	Insignificant difference	235,336	2%
Syntech Asia Ltd.	Leveltech Ltd.	An affiliate	Purchases	145,695	-	60 days	Standard purchasing price and payment terms	Insignificant difference	( 6,980)	-
Syntech Asia Ltd.	Mitac Digital Technology Corporation	Other related party	(Sales)	( 148,671)	-	90 days	Standard selling price and collection terms	Insignificant difference	55,329	-
Synnex Distributions (China) Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	An affiliate	Purchases	5,866,788	8%	90 days after receipt of goods	Standard purchasing price and payment terms	Insignificant difference	( 505,577)	(23%)
Synnex Australia Pty. Ltd	Getac Holdings Corporation and its Subsidiaries	Other related party	Purchases	105,155	-	30 days	Standard purchasing price and payment terms	Insignificant difference	( 438)	-
PT. Synnex Metrodata Indonesia	PT. Mitra Integrasi Informatika	Other related party	(Sales)	( 1,339,526)	(3%)	30 days	Standard selling price and collection terms	Insignificant difference	55,551	1%
PT. Synnex Metrodata Indonesia	PT. Packet Systems Indonesia	Other related party	(Sales)	( 339,394)	(1%)	30 days	Standard selling price and collection terms	Insignificant difference	118,834	2%
PT. Synnex Metrodata Indonesia	PT. Aneka Teknologi Utama	Other related party	(Sales)	( 939,088)	(2%)	30 days	Standard selling price and collection terms	Insignificant difference	156,459	2%
LanXiang Technology (Shenzhen) Ltd.	Syntech Asia Ltd.	An affiliate	Purchases	1,086,951	17%	90 days	Standard purchasing price and payment terms	Insignificant difference	( 235,336)	(24%)
Leveltech Ltd.	Syntech Asia Ltd.	An affiliate	(Sales)	( 145,695)	-	60 days	Standard selling price and collection terms	Insignificant difference	6,980	-

Table 4, Page 2

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

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

December 31, 2025

Table 5
Expressed in thousands of NTD
(Except as otherwise indicated)

Creditor	Counterparty	Relationship with the counterparty	Balance as at December 31, 2025	Turnover rate	Overdue receivables		Amount collected subsequent to the balance sheet date	Allowance for doubtful accounts
					Amount	Action taken
Synnex Technology International Corporation	Syntech Asia Ltd.	Direct wholly-owned subsidiary	$ 13,759,951	5.34	$ -	-	$ 13,759,951	$ -
Synnex Technology International Corporation	Synnex Distributions (China) Ltd.	Indirect wholly-owned subsidiary	129,708	-	-	-	-	-
Synnex Technology International Corporation	Getac Holdings Corporation and its Subsidiaries	Other related party	189,752	5.34	-	-	89,031	-
Bestcom Infortech Corp.	Mitac Information Technology Corporation	Other related party	146,541	5.35	-	-	106,165	-
Synnex Global Ltd.	Synnex Australia Pty. Ltd	Indirect wholly-owned subsidiary	103,906	-	-	-	-	-
Syntech Asia Ltd.	LanXiang Technology (Shenzhen) Ltd.	An affiliate	235,336	9.87	-	-	235,231	-
Syntech Asia Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	An affiliate	268,979	9.87	-	-	268,979	-
Golden Thinking Ltd.	Synnex Australia Pty. Ltd	An affiliate	1,244,911	-	-	-	-	-
Fortune Ideal Ltd.	Synnex Australia Pty. Ltd	An affiliate	165,092	-	-	-	-	-
Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Global Ltd.	An affiliate	3,144,917	-	-	-	2,939,406	-
Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Distributions (China) Ltd.	An affiliate	629,054	8.22	-	-	624,298	-
Synnex Distributions (China) Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	An affiliate	2,173,973	8.22	-	-	292,121	-
PT. Synnex Metrodata Indonesia	PT. Aneka Teknologi Utama	Other related party	156,948	6.47	-	-	156,458	-
PT. Synnex Metrodata Indonesia	Packet Systems Indonesia	Other related party	118,834	6.47	-	-	66,902	-

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

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Significant inter-company transactions during the reporting periods

Year ended December 31, 2025

Table 6

Expressed in thousands of NTD

(Except as otherwise indicated)

Number (Note 1)	Company name	Counterparty	Relationship	Transaction
				General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 2)
0	Synnex Technology International Corporation	Syntech Asia Ltd.	Parent company to directly wholly-owned subsidiary	Sales	$ 5,738,340	The same with third parties	1%
0	Synnex Technology International Corporation	Syntech Asia Ltd.	Parent company to directly wholly-owned subsidiary	Accounts receivable	2,548,616	The same with third parties	1%
0	Synnex Technology International Corporation	Syntech Asia Ltd.	Parent company to directly wholly-owned subsidiary	Other receivables	10,366,904	-	5%
0	Synnex Technology International Corporation	Syntech Asia Ltd.	Parent company to directly wholly-owned subsidiary	Other receivables	844,431	Note 6	-
0	Synnex Technology International Corporation	Syntech Asia Ltd.	Parent company to directly wholly-owned subsidiary	Other revenue	1,089,696	Note 5 - 7	-
0	Synnex Technology International Corporation	Synnex Australia Pty. Ltd	Parent company to indirectly wholly-owned subsidiary	Other revenue	198,554	Note 7	-
0	Synnex Technology International Corporation	Synnex Distributions (China) Ltd.	Parent company to indirectly wholly-owned subsidiary	Other receivables	129,708	Note 5 - 6	-
0	Synnex Technology International Corporation	Synnex Distributions (China) Ltd.	Parent company to indirectly wholly-owned subsidiary	Other revenue	129,708	Note 5 - 7	-
1	Seper Technology Corporation	Synnex Technology International Corporation	Directly wholly-owned subsidiary to parent company	Sales	1,023,225	The same with third parties	-
2	Synnex Global Ltd.	Synnex Australia Pty. Ltd	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Other receivables	103,906	Note 5 - 6	-
3	Syntech Asia Ltd.	Synnex Technology International Corporation	Directly wholly-owned subsidiary to parent company	Sales	4,140,718	The same with third parties	1%
3	Syntech Asia Ltd.	LanXiang Technology (Shenzhen) Ltd.	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Sales	1,086,951	The same with third parties	-
3	Syntech Asia Ltd.	LanXiang Technology (Shenzhen) Ltd.	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Accounts receivable	235,336	The same with third parties	-
3	Syntech Asia Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	Directly wholly-owned subsidiary to directly wholly-owned subsidiary	Sales	1,649,023	The same with third parties	-
3	Syntech Asia Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	Directly wholly-owned subsidiary to directly wholly-owned subsidiary	Accounts receivable	268,979	The same with third parties	-
4	Golden Thinking Ltd.	Synnex Australia Pty. Ltd.	Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Other receivables	1,244,911	-	1%
5	Fortune Ideal Ltd.	Synnex Australia Pty. Ltd.	Indirectly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Other receivables	165,092	-	-
6	Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Global Ltd.	Directly wholly-owned subsidiary to directly wholly-owned subsidiary	Other receivables	3,144,917	-	1%

Table 6, Page 1

				Transaction
Number (Note 1)	Company name	Counterparty	Relationship	General ledger account	Amount	Transaction terms	Percentage of consolidated total operating revenues or total assets (Note 2)
6	Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Distributions (China) Ltd.	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Sales	$ 5,866,788	The same with third parties	1%
6	Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Distributions (China) Ltd.	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Accounts receivable	505,577	The same with third parties	-
6	Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Distributions (China) Ltd.	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Other receivables	123,477	-	-
6	Synnex Technology International (HK) Ltd. and its subsidiaries	Synnex Distributions (China) Ltd.	Directly wholly-owned subsidiary to indirectly wholly-owned subsidiary	Other revenue	306,114	-	-
6	Synnex Technology International (HK) Ltd. and its subsidiaries	Syntech Asia Ltd.	Directly wholly-owned subsidiary to directly wholly-owned subsidiary	Sales	104,034	The same with third parties	-
7	Synnex Distributions (China) Ltd.	Synnex Technology International (HK) Ltd. and its subsidiaries	Indirectly wholly-owned subsidiary to directly wholly-owned subsidiary	Other receivables	2,156,610	-	1%
8	LanXiang Technology (Shenzhen) Ltd.	Syntech Asia Ltd.	Indirectly wholly-owned subsidiary to directly wholly-owned subsidiary	Other revenue	120,118	Note 7	-
9	Leveltech Ltd.	Syntech Asia Ltd.	Indirectly wholly-owned subsidiary to directly wholly-owned subsidiary	Sales	145,695	The same with third parties	-

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: Represents parent company's dividends receivables from subsidiaries.
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 technical service revenue from the Company's provision of technical service to related parties.
Note 8: In addition to the transactions listed in the table above, sales between Synnex Technology International (HK) Ltd. and its subsidiaries amounted to $2,303,492 and accounts receivable amounted to$ 108,159.

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Information on investees

Year ended December 31, 2025

Table 7

Expressed in thousands of NTD

(Except as otherwise indicated)

Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investee for the year ended December 31, 2025	Investment income(loss) recognised by the Company for the year ended December 31, 2025	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares	Ownership (%)	Book value
Synnex Technology International Corporation	Synnex Global Ltd.	British Virgin Islands	Investment holding	$ 2,594,516	$ 17,607,381	148,250,000	100.00	$ 114,033,376	$ 3,305,882	$ 3,305,882
Synnex Technology International Corporation	Bestcom Infotech Corp.	Taiwan	Sales of 3C products	1,677,762	1,677,762	103,203,296	100.00	2,823,283	390,966	390,966
Synnex Technology International Corporation	E-Fan Investments CO., LTD.	Taiwan	Investment holding	1,145,384	1,145,384	22,500,000	100.00	306,630	19,237	19,237
Synnex Technology International Corporation	Synergy Intelligent Logistics Corporation	Taiwan	Warehouse and logistics services	50,000	50,000	5,000,000	100.00	248,894	136,056	136,056
Synnex Technology International Corporation	Seper Technology Corporation	Taiwan	Sales of 3C products	150,426	150,426	15,000,000	100.00	242,981	84,429	84,429
Synnex Technology International Corporation	Synergy Technology Services Corporation	Taiwan	Maintenance and technical services	100,000	100,000	10,000,000	100.00	114,083	14,145	14,145
Synnex Technology International Corporation	Syntech Asia Ltd.	Hong Kong	Sales of semiconductor products	43,474	43,474	300,000	100.00	2,924,433	291,922	291,922
Synnex Technology International Corporation	Synnex Technology International (HK) Ltd. and its subsidiaries	Hong Kong	Sales of 3C products	290,107	290,107	60,000,000	100.00	3,319,856	986,986	986,986
Synnex Technology International Corporation	PT. Synnex Metrodata Indonesia	Indonesia	Sales of 3C products	3,038,867	3,038,867	150,000	50.00	3,026,602	1,260,129	630,065
Synnex Technology International Corporation	Redington Limited	India	Sales of 3C products	11,995,229	11,995,229	188,591,880	24.12	7,942,629	6,356,095	1,533,317
Synnex Technology International Corporation	Synnex (Thailand) Public Company Ltd.	Thailand	Sales of 3C products	1,403,052	1,403,052	338,939,513	40.00	1,911,764	731,354	296,988
E-Fan Investments CO., LTD.	Leveltech Ltd.	Hong Kong	Sales of semiconductor products	28,520	15,407	750,000	100.00	102,326	21,004	-	Note 1
Synergy Intelligent Logistics Corporation	Synergy Intellingent Logistics (HK) Corporation	Hong Kong	Warehouse and logistics services	7,338	7,338	1,500,000	100.00	10,053	1,872	-	Note 1

Table 7, Page 1

Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investee for the year ended December 31, 2025	Investment income(loss) recognised by the Company for the year ended December 31, 2025	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares	Ownership (%)	Book value
Synnex Global Ltd.	King's Eye Investments Ltd.	British Virgin Islands	Investment holding	$ 1,963,652	$ 1,963,652	62,477,000	100.00	$ 11,654,569	$ 1,965,228	-	Note 1
Synnex Global Ltd.	Synnex China Holdings Ltd.	British Virgin Islands	Investment holding	3,149,286	3,149,286	100,200,000	100.00	14,950,884	748,675	-	Note 1
Synnex Global Ltd.	Synnex Mauritius Ltd.	Mauritius	Investment holding	-	33	-	-	-	-	-	Note 1
Synnex Global Ltd.	Peer Developments Ltd.	British Virgin Islands	Investment holding	983,759	983,759	30,200,001	100.00	14,890,063	356,635	-	Note 1
Synnex Global Ltd.	Trade Vanguard Global Ltd.	British Virgin Islands	Investment holding	23,572,500	23,572,500	660,000,000	100.00	20,341,721	1,642	-	Note 1
King's Eye Investments Ltd.	Synnex Australia Pty. Ltd.	Australia	Sales of 3C products	933,000	933,000	233,250,000	100.00	9,388,427	1,626,813	-	Note 1
Synnex Global Ltd.	Synnex Australia Pty. Ltd.	Australia	Sales of 3C products	5,252,346	4,885,008	-	-	5,252,346	-	-	Note 2
King's Eye Investments Ltd.	Synnex New Zealand Ltd.	New Zealand	Sales of 3C products	32,121	32,121	8,075,224	100.00	256,002	45,288	-	Note 1
Synnex Global Ltd.	Synnex New Zealand Ltd.	New Zealand	Sales of 3C products	181,241	176,857	-	-	181,241	-	-	Note 2
King's Eye Investments Ltd.	Synnex FPT Joint Stock Company	Vietnam	Sales of 3C products	838,598	838,598	55,854,748	47.11	1,574,337	641,618	-	Note 1
King's Eye Investments Ltd.	Fortune Ideal Ltd.	Hong Kong	Real estate	58,563	58,563	14,500,000	100.00	214,239	-	-	Note 1
King's Eye Investments Ltd.	Golden Thinking Ltd.	Hong Kong	Real estate	113,087	113,087	28,000,000	100.00	177,493	-	-	Note 1
Synnex Global Ltd.	Golden Thinking Ltd.	Hong Kong	Real estate	1,067,277	992,634	-	-	1,067,277	-	-	Note 2
Synnex Global Ltd.	Synnex Investments (China) Ltd.	China	Investment holding	10,123,603	10,123,603	-	-	10,123,603	-	-	Note 2
Synnex Global Ltd.	Synnex Distributions (China) Ltd.	China	Sales of 3C products	4,824,505	4,824,505	-	-	4,824,505	-	-	Note 2
Synnex Global Ltd.	Synnex (Shanghai) Ltd.	China	Sales of semiconductor products and Warehouse and logistics services	1,037,190	1,037,190	-	-	1,037,190	-	-	Note 2

Table 7, Page 2

Investor	Investee	Location	Main business activities	Initial investment amount		Shares held as at December 31, 2025			Net profit (loss) of the investee for the year ended December 31, 2025	Investment income(loss) recognised by the Company for the year ended December 31, 2025	Footnote
				Balance as at December 31, 2025	Balance as at December 31, 2024	Number of shares	Ownership (%)	Book value
Bestcom Infotech Corp.	Bizwave Tech Co., Ltd.	Taiwan	Sales of 3C products	$ 19,940	$ 19,940	2,000,000	100.00	$ 28,396	$ -	-	Note 1
Bestcom Infotech Corp.	Asgard System, Inc.	Taiwan	Sales of 3C products	19,956	19,956	2,400,000	20.00	33,971	27,675	-	Note 1
Bestcom Infotech Corp.	I-Direction Co., Ltd.	Taiwan	Sales of 3C products	8,000	8,000	800,000	40.00	-	-	-	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.

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

Information on investments in Mainland China

Year ended December 31, 2025

Table 8
Expressed in thousands of NTD
(Except as otherwise indicated)

Investee in Mainland China	Main business activities	Paid-in capital (Note 10)	Investment method (Note 1)	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2025	Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the year ended December 31, 2025 (Note 10)		Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2025	Net income of investee for the year ended December 31, 2025	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2025 (Note 3)	Book value of investments in Mainland China as of December 31, 2025	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2025	Footnote
					Remitted to Taiwan	to Taiwan
Laser International Trading (Shanghai) Company Ltd.	International trade	$ 31,430	2	$ 31,430	$ -	$ -	$ 31,430	$ 15,411	100.00	$ 15,411	$ 200,269	-	(Note 2) (Note 4)
Hi Food (Shanghai) Co., Ltd.	Manufacture and sales of food	628,600	2	56,574	-	-	56,574	-	10.00	-	56,574	-	(Note 2) (Note 5)
Synnex Investments (China) Ltd.	Investment holding	6,286,000	2	6,286,000	-	-	6,286,000	1,465,606	100.00	1,465,606	18,050,520	-	(Note 2) (Note 6)
Synnex Distributions (China) Ltd.	Sales of 3C products	10,371,900	2	10,371,900	-	-	10,371,900	906,946	100.00	906,946	19,018,766	-	(Note 2) (Note 6)
Synnex (Shanghai) Ltd.	Sales of semiconductor products and warehouse and logistics services	691,460	2	691,460	-	-	691,460	126,770	100.00	126,770	1,174,590	-	(Note 2) (Note 6)
Synnex (Beijing) Ltd.	Warehouse and logistics services	282,870	2	282,870	-	-	282,870	( 19,101)	100.00	( 19,101)	156,029	-	(Note 2) (Note 6)
Synnex (Nanjing) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	( 499)	100.00	( 499)	164,851	-	(Note 2) (Note 6)
Synnex (Chengdu) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	11,835	100.00	11,835	203,852	-	(Note 2) (Note 6)
Synnex (Shenyang) Ltd.	Warehouse and logistics services	94,290	2	94,290	-	-	94,290	3,287	100.00	3,287	106,889	-	(Note 2) (Note 6)
Synnex (Tianjin) Ltd.	Warehouse and logistics services	141,435	2	141,435	-	-	141,435	( 3,717)	100.00	( 3,717)	68,870	-	(Note 2) (Note 6)
Synnex (Hangzhou) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	9,517	100.00	9,517	170,167	-	(Note 2) (Note 6)
Synnex (Qingdao) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	4,022	100.00	4,022	149,056	-	(Note 2) (Note 6)
Synnex (Guangzhou) Ltd.	Warehouse and logistics services	377,160	2	377,160	-	-	377,160	6,766	100.00	6,766	360,629	-	(Note 2) (Note 6)
Synnex (Xi'an) Ltd.	Warehouse and logistics services	125,720	2	125,720	-	-	125,720	6,755	100.00	6,755	134,982	-	(Note 2) (Note 6)
Synnex (Suzhou) Ltd.	Warehouse and logistics services	188,580	2	188,580	-	-	188,580	( 443)	100.00	( 443)	177,370	-	(Note 2) (Note 6)
Synnex (Wuhan) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	( 567)	100.00	( 567)	146,613	-	(Note 2) (Note 6)
Synnex (Jinan) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	( 11,737)	100.00	( 11,737)	183,343	-	(Note 2) (Note 6)
Synnex (Zhengzhou) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	1,331	100.00	1,331	136,367	-	(Note 2) (Note 6)
Synnex (Changshu) Ltd.	Warehouse and logistics services	125,720	2	125,720	-	-	125,720	( 8,487)	100.00	( 8,487)	45,474	-	(Note 2) (Note 6)
Synnex (Hefei) Ltd.	Warehouse and logistics services	191,723	2	191,723	-	-	191,723	( 3,088)	100.00	( 3,088)	136,646	-	(Note 2) (Note 6)

Table 8, Page 1

Investee in Mainland China	Main business activities	Paid-in capital (Note 10)	Investment method (Note 1)	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2025	Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the year ended December 31, 2025 (Note 10)		Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2025	Net income of investee for the year ended December 31, 2025	Ownership held by the Company (direct or indirect)	Investment income (loss) recognised by the Company for the year ended December 31, 2025 (Note 3)	Book value of investments in Mainland China as of December 31, 2025	Accumulated amount of investment income remitted back to Taiwan as of December 31, 2025	Footnote
					Remitted to Mainland China	Remitted back to Taiwan
Synnex (Nanchang) Ltd.	Warehouse and logistics services	$ 125,720	2	$ 125,720	$ -	$ -	$ 125,720	($ 12,716)	100.00	($ 12,716)	($ 41,677)	--	(Note 2) (Note 6)
Synnex (Harbing) Ltd.	Warehouse and logistics services	157,150	2	157,150	-	-	157,150	( 305)	100.00	( 305)	12,647	--	(Note 2) (Note 6)
Synnex (Xiamen) Ltd.	Warehouse and logistics services	188,580	2	188,580	-	-	188,580	( 5,906)	100.00	( 5,906)	149,523	--	(Note 2) (Note 6)
Synnex Technology Development (Beijing) Ltd.	Sales of 3C products	229,203	2	-	-	-	-	73,559	100.00	73,559	341,749	--	(Note 2) (Note 7)
LanXiang Technology (Shenzhen) Ltd.	Sales of semiconductor products	147,721	2	147,721	-	-	147,721	121,968	100.00	121,968	562,782	--	(Note 2) (Note 8)
Jifa Intelligent Logistics Corporation	Warehouse and logistics services	224,709	2	224,709	-	-	224,709	21,717	100.00	21,717	255,625	--	(Note 6) (Note 11)
				$ 20,908,792	$ -	$ -	$ 20,908,792

Note 1: Investment methods are classified 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.
(3) Others.
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 US$47,000 thousand.
Note 3: Investment income (loss) for the year ended December 31, 2025 were recognised based on the financial statements which were reviewed by independent auditors. based on the financial statements
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:NTS31.43.
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 US$100,000 thousand.
Note 10: Translated into New Taiwan Dollars using the exchange rates of US$1:NT31.43 and RMB$1:NTS4.4942
Note 11: Jifa 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.

Company name	Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2025	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)	$ 20,908,792	$ 25,477,158	$ 49,939,827

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.

AI assistant

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION — Audit Report / Information 2025

52019_rns_2026-04-10_7ee45591-cd07-4431-8da8-82f5beac1249.pdf

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND ITS SUBSIDIARIES

Declaration of Consolidated Financial Statements of Affiliated Enterprises

Opinion

Basis for opinion

Key audit matters

Assessment of allowance for uncollectible accounts

Description

How our audit addressed the matter

Assessment of allowance for valuation of inventory

Description

How our audit addressed the matter

Assessment of purchase rebate receivable

Description

How our audit addressed the matter

Other matter – Reference to report of other independent auditors

Other matter – Parent company only financial reports

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

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

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2025 AND 2024

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

YEARS ENDED DECEMBER 31, 2025 AND 2024

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

1. HISTORY AND ORGANISATION

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

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

(1) Compliance statement

(2) Basis of preparation

(3) Basis of consolidation

(16) Property, plant and equipment

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

C. Associates

(11) Leasing arrangements—lessee

C. Operating lease

(21) Pensions

(24) Retained earnings

(26) Operating revenue

(27) Interest income

(28) Other income

7. RELATED PARTY TRANSACTIONS

(2) Commitments

10. SIGNIFICANT DISASTER LOSS

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

12. OTHERS

(1) Capital management

(2) Financial instruments

A. Financial instruments by category

B. Financial risk management policies

Price risk

Cash flow and fair value interest rate risk

(3) Fair value information

13. SUPPLEMENTARY DISCLOSURES

14. SEGMENT INFORMATION

(4) Reconciliation for segment income (loss)

(5) Information on products and services

(6) Geographical information

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES

More from SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION

SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION Audit Report / Information 2025