Yieh Phui : Shareholder Meeting Document

YIEH PHUI ENTERPRISE CO., LTD.

2023 Shareholders' Meeting

Time: 9:30 AM, June 21 2023

Location: Zihe Community Center , No. 38, Dazhai St.,Zihe Vil.,Ziguan Dist., Kaohsiung City

Attendants： The shares present with shareholders showing in person and proxy are 1,369,932,768 shares (including 112,622,581 shares represented by electronic voting) equivalent to 69.33%% of the total shares issued 1,975,864,994 shares( those without voting rights are zero),. The quorum for holding the meeting has been met.

Director attendance：
Vice Chairman	Mr. Wu, Lin-Maw
Independent Director	Mr. Yang Der-Yuan
Independent Director	Mr .Chang, Wen-Yi
Independent Director	Mr. Lee, Chung-Wei
Audit Committee	Mr. Yang Der-Yuan
Audit Committee	Mr. Chang, Wen-Yi
Audit Committee	Mr. Lee, Chung-Wei
Remuneration Committee	Mr. Yang Der-Yuan
Remuneration Committee	Mr. Chang, Wen-Yi
Remuneration Committee	Mr. Lee, Chung-Wei
General Manager	Mr. Chang, Cheng-Wu
Vice President-Marketing & Sales	Mr. Yang, Shih-Chi
Accounting Officer,	Mr. Tien, Wen Chung
Attorney	Mr. Lin, Ching-Yun
CPA	Mr. Hsieh Yen-Yao
Chairperson： Mr. Wu, Lin-Maw	Minute taker： Huang, Shu-Hui

1. Meeting called to order： at 9:30AM, the shares present of the stockholders and their delegates

have reach the quorum.

1. Chairperson Remark：The chairman could not be present and had asked the general manager to

preside the stockholders' meeting instead (the following is omitted).

1. Company Report

1. The report of the operation of 2022. (refer to p.4 of the program)
2. The Auditing Committee audits the final financial statement of 2022 (Please refer to p.29 of the Program )
3. The report on the remuneration of the emplyees and directors for 2022. (Please refer to p.30 of the Program)
4. The report on the cash dividend as bonus of stockholders of 2022. (Please refer to p. 30 of the Program)
5. The report on the execution of the share buyback. (Please refer to p. 31 of the Program)

Proceedings:

Shareholder's question:(Sharehold No.：125928 Name: Securities and Futures Investors Protection Center.)

Regarding the decrease in the company's net profit after tax in the 111th fiscal year compared to the 110th fiscal year by approximately 4.39 billion yuan, it is observed that the average remuneration paid to each director in the consolidated financial statements for the 111th fiscal year has increased compared to the 110th fiscal year. Additionally, the average director's remuneration paid is also higher than the average for the entire listed metalworking industry. In light of this situation, the company would like to provide a specific explanation for the reasons behind these changes and their reasonableness.

Accounting Officer reply:

The payment of director remuneration in our company is in compliance with the provisions stated in our company's Corporate Charter and has been approved through the review of the Remuneration Committee and the Board of Directors. The ratio of director remuneration in both the 2022 and 2021 was 0.05%, which is lower than the company's annual profit (i.e., before deducting the benefits of distributing to employees and directors) of 0.1%.

According to the regulations set by the regulatory authorities for reporting director remuneration, it is primarily categorized into two parts: dedicated remuneration and concurrent remuneration.

In the 2022, the average remuneration for each dedicated director in our company increased compared to the 2021. This increase is mainly due to the fact that in the 2021, the salary and bonus of the Vice Chairman were classified under concurrent employee remuneration (as the Vice Chairman was concurrently serving as the General Manager in the 2021). However, in the 2022, they were classified under dedicated director remuneration, resulting in an increase of 471 thousand yuan in the average dedicated director remuneration amount in the 2022 compared to the 2021.

IV. Matters for Approval

Proposal 1： Proposed by the board of directors

Brief：Approve the final financial statements for 2022

Explain： 1.The 2022 operating report, the individual entity report and consolidated financial statement. Please refer to p.4~28 of the program.

1. The individual entity report and the consolidated financial statement have been done and audited by accounts Huang, Ling-Wen and Tsai, Shu-Man of Crowe Horwath (TW)CPAs.
2. The above financial statements and operating report has been audited by the Auditing Committee.
3. To be approved.

Resolution: approve.

(The total voting rights represented at the shareholders' meeting are 1,369,932,768 shares. The number of shares in favor is 1,357,236,032, accounting for 99.07% of the total voting rights. The number of shares against is 511,237, and there are no invalid votes. The number of abstentions/untouched votes is 12,185,499 shares.)

There were no shareholder questions or remarks in this case Proposal 2： Proposed by the board of directors

Brief： Approve the distribution of retained earnings for 2022

Explain： Yieh Phui plans to distribute earnings of 2022 as the table below:

	Yieh Phui Enterprise Co., Ltd
	Earnings Distribution Table
	2022	Unit:NT$
	Item	Amount
Unallocated Earnings in the beginning of year	2,633,385,349
Add：	Remeasurement on defined benefit plans	152,541,814
	recognized in retained earnings
Less：	Changes in associates and joint ventures	(1,803,410)
	accounted for using equity method
Less：	Changes in subsidiaries' ownership	(11,629,408)
Add：	Net income	809,507,125
Less：	Legal reserve	(94,861,612)
Less：	special reserve	(37,322,065)
Distributable earnings	3,449,817,793
Less：	Shareholders' dividend	(592,759,498)
Unallocated earnings, end of year	2,857,058,295

Resolution: approve.

The total voting rights represented at the shareholders' meeting are 1,369,932,768 shares. The number of shares in favor is1,357,970,717, accounting for 99.12% of the total voting rights. The number of shares against is 887,169, and there are no invalid votes. The number of abstentions/untouched votes is 11,074,882 shares.

There were no shareholder questions or remarks in this case

V. Matters for Discussion

Proposal 1：Proposed by the Board of Directors

Brief：Proposal on modifying "Corporate Charter ".

Explain：1. According to the company's business needs, it is planned to increase the business item IG03010 energy technology service industry.

1. In accordance with business needs and legal requirements, our company plans to revise Articles 2, 18, 18-1, and 36 of the Corporate Charter
2. The modified and comparison table of the"Corporate Charter" before the changes Please

refer to p.33~35 & p36~40 of the program Resolution：approve.

The total voting rights represented at the shareholders' meeting are 1,369,932,768 shares. The number of shares in favor is1,358,194,219, accounting for 99.14% of the total voting rights. The number of shares against is 622,005, and there are no invalid votes. The number of abstentions/untouched votes is 11,116,544 shares.

There were no shareholder questions or remarks in this case.

VI. Extempore Motions : None

VII. Adjournment 2023/06/21 A.M.10:16.

1. The report of the operation of 2022

Comparing 2022 with 2021 the sale volume of Yieh Phui decreased 15.25% and that of revenue decreased NT$3.241 billion (-8.81%). Yieh Phui (China)'s sales volume decreased 12.81% compared to the previous year and the decreased in revenue is NT$8.358 billion (-20.64%). The sales volume of Yieh Hsing decreased 9.80% compared to the previous year and the decreased in revenue is NT$0.190 billion (-2.71%). Overall, the consolidated revenue is NT$83.676 billion, a decreased of 7.07% compared to the previous year of NT$90.047 billion. The consolidated net profit after tax is NT$0.522 billion, comparing with the previous year of net profit after tax NT$5.220 billion. a reduction of 4.698 billion of the previous year, of which NT$0.810 billion is for the mother company, comparing with the previous year of net profit after tax NT$5.203 billion. a reduction of 4.393billion.

1.The Performance of Business Plan ：
Consolidated Information of Financial Statements		Unit NT$ in (000)
Year	2022	2021	Changes	Changes%
Item
Operaiton Revenue	83,675,863	90,046,653	-6,370,790	-7.07%
Operaiton Costs	74,531,778	79,145,500	-4,613,722	-5.83%
Operaiton Gross	9,144,085	10,901,153	-1,757,068	-16.12%
Profit(Loss)
Operaiton Expenses	6,839,551	5,867,685	971,866	16.56%
Operaiton Net	2,304,534	5,033,468	-2,728,934	-54.22%
Profit(Loss)
Non-operation Revenue	-1,261,669	1,282,880	-2,544,549	-198.35%
and Expenses
Net Profit (Loss) before	1,042,865	6,316,348	-5,273,483	-83.49%
Tax
Income Tax Expenses	520,760	1,095,895	-575,135	-52.48%
Net Profit (Loss) after	522,105	5,220,453	-4,698,348	-90.00%
Tax
Other Comprehensive	379,091	-165,741	544,832	-328.72%
Income (net)
Total Amount of
Comprehensive Income	901,196	5,054,712	-4,153,516	-82.17%
in this Term
Net Profit that Belongs
to the Owner of the	809,507	5,202,838	-4,393,331	-84.44%
Parent Company
Net Profit that Belongs
to the Non-controlling	-287,402	17,615	-305,017	-1731.58%
equity
Total Amount of	1,172,642	5,041,747	-3,869,105	-76.74%
Comprehensive Income

that Belongs to the
Owner of the Parent
Company
Total Amount of
Comprehensive Income		-271,446	12,965	-284,411		-2193.68%
that Belongs to the
Non-controlling equity
Financial Information of Company
Year			2022		2021		Changes	Changes
Item					%
Operaiton		33,544,528		36,785,446		-3,240,918	-8.81%
Revenue
Operaiton Costs		29,703,362		31,340,778		-1,637,416	-5.22%
Operaiton Gross			3,841,166		5,444,668		-1,603,502	-29.45%
Profit(Loss)
Operaiton			2,017,685		1,825,686		191,999	10.52%
Expenses
Operaiton Net			1,823,481		3,618,982		-1,795,501	-49.61%
Profit(Loss)
Non-operation
Revenue and			-700,839		2,680,489		-3,381,328	-126.15%
Expenses
Net Profit (Loss)			1,122,642		6,299,471		-5,176,829	-82.18%
before Tax
Income Tax			313,135		1,096,633		-783,498	-71.45%
Expenses
Net Profit (Loss)			809,507		5,202,838		-4,393,331	-84.44%
after Tax

2. Execution of the Budget: Yieh-Phui has not disclosed financial guidance and is not applicable to the rules on disclosing the execution of the budget for 2022.

3. Analysis of the Revenue/Expenditure and Profitability :

Consolidated Financial Report Information

Item	2022	2021
Net cash inflow of operation activities	1,893,901	4,088,100
(thousand dollars)
Equity/Assets (%)	35.20	34.58
Liabilities/Assets (%)	64.80	65.42
Long-term Funds accounting for the
ratio of real estates, plants and	147.94	140.18
equipments (%)
Current ratio (%)	108.58	98.02
Quick ratio (%)	59.58	41.11