I. SPOKESPERSON & DEPUTY SPOKESPERSON 
Spokesperson: Nick Wu 
Title: Chief Financial Officer 
Tel.: (886) 2 2894-3447 
E-mail: investor@asus.com 
 
Deputy Spokesperson: Colvin Sung 
Title: Business Analysis Division - Director 
Tel.: (886) 2 2894-3447 
E-mail: investor@asus.com 
 
II. HEADQUARTERS AND PLANTS 
Taipei Headquarters:  
(LiDe Building) No.15, Li-Te Rd., Beitou Dist., Taipei 112, Taiwan 
(LiGong Building) No.115, Li-Te Rd., Beitou Dist., Taipei 112, Taiwan 
Tel.: (886) 2 2894-3447 
Address: 1F, No.15, Li-Te Rd., Beitou Dist., Taipei 112, Taiwan 
       
III.SECURITIES DEALING INSTITUTE 
Name  : KGI Securities Corporation, Registrar and Transfer Services 
Address : 5F, 2, Sec. 1, Chung-Chin S. Rd., ZhongZheng Dist., Taipei City 
Tel.    : (886) 2 2389-2999 
Website : http://www.kgi.com.tw 
 
IV. AUDITORS 
Name    : CPA: CHOU, CHIEN-HUNG & LIN, CHUN-YAO 
CPA Firm : PricewaterhouseCoopers, Taiwan 
Address  : 27F., No.333, Sec. 1, Keelung Rd., Xinyi Dist., Taipei City 110 
Tel.     : (886) 2 2729-6666 
E-mail   : http://www.pwc.com 
 
V. EXCHANGEABLE BOND EXCHANGE MARKETPLACE 
Marketable security: GDR 
Luxemburg Stock Exchange: http://www.bourse.lu 
 
VI. COMPANY WEBSITE 
http://www.asus.com.tw

－－ CONTENTS －－ 
 
 
Page 
I. 
Letter to shareholders ……………………………………………………………………… 
1 
II. 
Introduction of the Company ……………………………………………………………… 
4 
 
1. Date of Incorporation ………………..…...………………………..……………………….. 
4 
 
2. Company History …………...……………………………………………………………… 
4 
III. Corporate governance report ……………………………………………………………... 27 
 
1. Organization of company ………………………………………………………………… 27 
 
2. Directors, President, Vice President, Assistant V.P., and Department Heads…………….. 
30 
 
3. Corporate governance …………………………………………………………………….. 48 
 
4. CPAs fees …………...…..………………………………………………………………….. 
97 
 
5. CPA’s information …………………………………………………………………………. 
97 
 
6. The chairman, president, and financial or accounting manager of the Company who had 
worked for the independent auditor or the related party in the most recent years ………… 
97 
 
7. Information on Net Change in Shareholding and Net Change in Shares Pledged by 
Directors, Supervisors, Department Heads, and Shareholders of 10% shareholding or 
more ……………………………………………………………………………………….. 
 
98 
 
8. The relation of the top ten shareholders as the definition of Finance Standard Article 6 …. 99 
 
9. Investment from Directors, Supervisors, Managers, and directly or indirectly controlled 
businesses ………………………………………………………………………………… 
100 
IV. Stock subscription …………………………………………………………………………. 105 
 
1. Capital and shares …………………………………………………………………………. 
105 
 
2. Corporate bonds ………………………………………………………………………….…  111 
 
3. Preferred stock ……………………………………………………………………………. 111 
 
4. Issuance of global depository receipts …………………………………………………….. 111 
 
5. Employees stock option certificates ………………………………………………………... 
6. Limit on Employee New Bonus Share ……………………………………………... 
 114 
114 
 
7. Merger and acquisitions or stock shares transferred with new stock shares issued……….. 
114 
 
8. Fund implementation plan ………………………………………………………………… 114 
V. 
Overview of business operation………………………………..…………………………… 
115 
 
1. Principal activities ………………………………………………………………………… 115 
 
2. Market analysis and the condition of sale and production ………………………………… 
119 
 
3. Status of employees ……………………………………………………………………….. 125 
 
4. Expenditure on environmental protection ………………………………………………… 126 
 
5. Employee / employer relation …………………………………………………………….. 126

6. Information security management ………………………………………………………… 
7. Major agreements ……..…………………………………………………………………… 
136 
139 
VI. Financial information ………………………………………………………………. 141 
 
1. Five-year Condensed balance sheet and comprehensive income statement ………………. 
141 
 
2. Five-year Financial analysis ……………..………………………………………………… 145 
 
3. Audit Committee’s Review Report of 2020. ………………………………………………. 150 
 
4. Consolidated Financial statements with Independent Auditors’ Review Report ………….. 140 
 
5. Parent Company Only Financial Statements With Independent Auditors’ Report ………… 150 
 
6. Impact of financial difficulties of the Company and related party on the Company’s 
financial position ………………………………………………………………………….. 
150 
VII. Review of financial position, financial performance and risk management ……………. 
151 
 
1. Financial Analysis ………………………………………………………………………….. 151 
 
2. Business Performance Analysis …………...…………………………………….…………. 153 
 
3. Cash flows Analysis ……………………………………………………………………... 
156 
 
4. Impact of major capital expenditure on finance and business …………………………….. 157 
 
5. Policies, reasons for gain or loss and action plan in regard to investment plans in current 
year and the next year…………………………………………………………………….. 
157 
 
6. Risk management …………………………………………………………………………. 157 
 
7. Other important matters …………………………………………………………………… 161 
VIII Special disclosures …………………………………………………………………………. 162 
 
1. Related party ……………………………………………………………………………… 162 
 
2. Subscription of marketable securities privately in the most recent years …………………. 162 
 
3. The stock shares of the Company held or disposed by the subsidiaries in the most recent 
years ……………………………………………………………………………………… 
162 
 
4. Supplementary disclosures ……………………………………………………………….. 162 
 
5. Occurrence of events defined in Securities Transaction Law Article 36.2.2 that has great 
impact on shareholder’s equity or security price in the most recent years and up to the date 
of the report printed …………………………………………………………………. 
 
162

1
I. Letter to Shareholders 
 
Dear Shareholders: 
 
Thank you for your long-term support for ASUS. 
 
The fluctuations and turmoil from the COVID-19 pandemic continued throughout 2021, and cycles of 
lockdowns and re-openings repeated themselves around the world, bringing unexpected supply-chain and 
logistics obstacles. This business environment has posed ongoing challenges to our operations, but it has 
also presented prime opportunities for the ASUS team to grow, propose new ways of thinking, and 
strengthen our operational capabilities. Due to our unified efforts and ability to foster collective wisdom, 
we have again achieved outstanding business results in 2021. 
 
The progression of the pandemic in the past two years has advanced society’s transformation towards a 
digital economy and digital life. At the same time, the ASUS team has also accelerated our own 
transformation, further developing our trust in radical truth and transparency as well as our ability to foster 
collective wisdom. These parallel transformations are converging to turn ASUS into a growth enterprise 
that thrives through continuous evolution and innovation. In support of this, we will continue to strengthen 
the ASUS culture to thoroughly integrate our ethos of "transform and evolve, trust in radical truth and 
transparency, embrace idea meritocracy, and foster collective wisdom" into all aspects of our operations. 
This involves embracing the highest level of radical truth and ultimate transparency, not fearing conflict, 
exploring root causes, and reaching genuine team consensus, to truly foster our collective wisdom and unify 
as One ASUS. 
 
Looking ahead to 2022 as we welcome economic reopening and job market recovery, we also face pressures 
from inflation, monetary policy adjustment, and geopolitical conflicts. The industry is still full of variables 
and turmoil, but we believe the transformed ASUS team is thoroughly prepared to meet these challenges. 
We are determined to take "the harder path" by effectively implementing strategic planning, technological 
innovation, and operations management. Through this, we aim to create the most ubiquitous, intelligent, 
heartfelt, and joyful smart life for everyone in pursuit of becoming the world’s most admired innovative 
leading technology enterprise in the new digital era. 
 
The following is a summary of the business operations results for 2021 and the outlook for 2022. 
 
Honored as the Most Valuable International Brand in Taiwan and Ranked Among the World’s Most 
Admired Companies 
 
In the spirit of our brand promise — In Search of Incredible — our product innovation, user 
recommendability, social responsibility, and sustainable practices have all continued to evolve, and have 
received international recognition and multiple prestigious awards. In 2021, ASUS was recognized again 
as one of Fortune’s World’s Most Admired Companies and was ranked at the forefront of the industry in 
categories such as Innovation, Social Responsibility, and Product Service Quality. Selected by Taiwan’s 
Ministry of Economic Affairs through Interbrand’s brand value assessment, ASUS was also ranked as 
Taiwan’s Most Valuable International Brand for the eighth time. In addition, ASUS won five prestigious 
Brand and Communication Design Awards and 37 Design Awards from Red Dot, 15 Product Design 
Awards from iF, 15 Design Awards from Good Design, 20 CES Innovation Awards, and many more 
distinguished international awards.

2
User-Centric Design Thinking and Innovation in Products and Smart Applications 
 
Through the company’s user-centric design thinking approach, ASUS has implemented a number of 
product innovations, such as the ProArt Studiobook 16 and Pro 16 creator laptops, which won Golden Pin 
Design Award’s highest honor — the Best Design of the Year award; ROG Flow X13, the world's first 13-
inch convertible touchscreen gaming laptop; the leading-edge Zenbook 17 Fold OLED foldable laptop; the 
trend-setting ROG Zephyrus G14 AW SE gaming laptop; ROG Maximus Z690 Extreme Glacial 
motherboards with top-notch water-cooling technology; ROG Strix LC RTX 3080 Ti O12G gaming 
graphics cards with both air- and water-cooling solutions; the ExpertBook B5 commercial laptop series; 
the ROG Phone 5 gaming smartphone series; the ROG Swift 360Hz PG27AQN, the world's first 1440p/360 
Hz gaming monitor; and the HPC server ESC8000A-E11. 
 
In addition to hardware, ASUS has applied the design thinking approach in new applications that seamlessly 
integrate hardware, software, and AI technology. Some of these innovations include the AI Overclocking, 
AI Cooling, AI Networking, and built-in audio applications for smart motherboards; the built-in AniMe 
Matrix™ programmable LED display for gaming headsets, keyboards, and peripherals; defect-detection 
solutions within the smart manufacturing field; and the ASUS Dial tool on creator laptops. In the field of 
smart healthcare, innovations include Miraico for intelligently recommending International Classification 
of Diseases (ICD-10) codes, the ASUS Lumos Real-World Data Platform, the next-generation medical 
information system xHIS, AI image diagnosis, smart wearable devices, and handheld ultrasounds. 
 
Leading with Sustainable Commitments and Carbon Reduction, Building Advanced InfoSec 
Standards 
 
To advance a sustainability strategy that embraces our “Focus on Fundamentals and Results” principle, 
ASUS utilizes digitized data and scientific management practices in order to optimize sustainability in 
everything we do, focusing on the four major areas of Climate Action, Circular Economy, Responsible 
Manufacturing, and Value Creation. ASUS is building our Climate Action efforts through science-based 
reduction pathways broken down into three steps: improving energy efficiency, expanding the use of 
renewable energy, and removing remaining emissions. ASUS has committed to using 100% renewable 
energy in Taiwan-based operations centers by 2030 and in global operations centers by 2035, and we are 
making progress in furthering our entire value chain towards net zero. In addition, ASUS was recently 
honored as Asia’s Most Socially Responsible Company of the Year and received an Institutional 
Shareholder Services ESG Corporate Rating of Prime (the highest level). ASUS was also recognized in the 
Morgan Stanley (MSCI) Global Sustainability Index, the Financial Times Emerging Markets Sustainability 
Index, and the FTSE4Good TIP Taiwan ESG Index. 
 
In terms of managing the risks of information security, ASUS has established a dedicated unit and named 
a Chief Information Security Officer in addition to securing ISO 27001 information security certification. 
Additionally, ASUS has established operational regulations for information and communications security, 
regularly shares InfoSec-related knowledge with relevant organizations and industry partners, and takes 
measures such as conducting system-penetration tests and digital security health checks at irregular 
intervals to achieve world-class information security. 
 
Setting Distinguished Growth Targets for 2022 
 
Through our unified team efforts and fostering of collective wisdom, ASUS Group consolidated revenue

3
for 2021 reached NT$535.2 billion, which is 30% more than in 2020. Net profit after tax was NT$46.6 
billion, of which NT$44.5 billion was net profit attributable to owners of the parent company, representing 
an increase of 68% from 2020. After-tax earnings per share (EPS) were NT$59.98. In terms of brand 
operations, the combined revenue of ASUS brands for 2021 was NT$500.4 billion (unaudited), which was 
a 31% increase from 2020. Brand operating profit for 2021 was NT$48.2 billion (unaudited), which was a 
90% increase from 2020. 
 
Building upon the progress of industry digitalization and the foundation established through our corporate 
transformation, the ASUS team will put our "harder path" approach into practice in 2022 and set proactive 
growth targets that are admired in the industry. In the face of challenges such as the current turbulence and 
variables of the industry, the transformed and evolved ASUS team will thoroughly leverage our collective 
wisdom and unified efforts. Among the product lines in which ASUS currently leads the market, we will 
further expand this leading position. For new products, services, and solutions developed in recent years, 
we will establish new industries and redefine the competitive landscape with enterprising ambition. We 
will invest in top talent and financial resources, and establish effective management capabilities and product 
solutions, while rapidly expanding the scope of our operations and value creation. 
 
 
 
 
                                           
Sincerely,  
 
 
--------------------- 
ASUS Chairman

4
II. Introduction of the Company 
 
I. Establishment date: April 2, 1990 
 
II. Development history 
 
 
April 1990 
ASUS was incorporated at 2F, 14-2, Sec. 2, Chung-Young S. Road, Beitou District, 
Taipei City and collected a paid-in capital of NT$30 million. 
April 1990 
Became a direct customer of Intel (U.S.A.) 
May 1990 
Cache 386/33 and 486/25 personal computer motherboards were popular. 486/25 was 
market launched with IBM and ALR synchronously and it was the milestone of 
computer development in Taiwan. 
July 1990 
ASUS completed the registration of the manufacturing facility and initiated 
production. The quality products made in-house were successful. 
October 1990 
The head office and manufacturing facilities were relocated to 4F, 10, Alley 25, Lane 
425, Sec. 4, Chung-Young N. Road (changed name to “Li-Te Road” by Taipei City 
Government in 1993) with an area of 602 pings due to business expansion. 
November 1990 
EISA 486 motherboard, officially market-launched and shown at the COMDEX 
exhibition in early November, became a market-leading product. 
 
 
March 1991 
The profit of 486 in this month exceeded the profit of 386 for the first time, meaning 
that the 486 advanced products had become the major product of the company. 
August 1991 
The sales of high-unit-price EISA 486 product were satisfactory and this product 
helped the company generate millions of dollars of profit. 
     
 
April 1992 
Signed an agreement with AWARD for software authorization. 
December 1992 
Monthly production of motherboard and interface card exceeded 75,000 units, 
representing 132% growth from the same month of the prior year. 
      
 
March 1993 
Launched the PENTIUM (586) motherboard. ASIAN SOURCES Magazine 
recognized the company as one of the few manufacturers that was able to deliver 
this advanced 586-based mother board. 
May 1993 
Invested to set up a SMT production line. 
June 1993 
Increased the paid-in capital to NT$308.45 million with retained earnings. Public 
offering was arranged accordingly. 
November 1993 
The company and the head engineer, Mr. Ted Hsu, were awarded with the “32-bit 
Personal Computer Milestone Award” of “Taiwan Personal Computer Ten-year 
Milestone Award” that was organized by Commonwealth Magazine, co-organized 
by the Institute for Information Industry, and sponsored by Intel for “having high-
speed 486 advanced mother board developed successfully” and for being “the first 
Taiwanese information business to develop the fastest personal computer 
synchronized with the world that has helped Taiwan open up a path to the successes 
and helped define the competition of speed and flexibility in technology 
development.” 
November 1993 
Mass production of PCI486 and Pentium motherboard was initiated. Pentium was 
the new generation of CPU and the PC with the highest speed.

5
December 1993 
The first SMT production line was completed with pilot run and put into service. 
Another set of SMT was acquired in response to the expansion of production. 
 
 
January 1994 
ASIAN SOURCES Magazine ranked the company’s technological innovation in 
the first place of The TOP-10 mother board manufacturers in Taiwan and ranked 
the company’s quality in the second place. 
February 1994 
C.T.Mag. (Germany) had the company’s PCI rated, and with the capacity and 
memory of PCI Pentium and 486, the company was awarded an honorary rating. 
March 1994 
Attended Cebit Show in Hanover, Germany, the only motherboard manufacturer 
demonstrating successful Dual Pentium and was recognized by the industry and 
Intel accordingly. 
July 1994 
ASUS’s initial name was Hung-Shuo Computer Inc. In July, the company 
officially changed the name to ASUSTeK Computer Inc. 
December 1994 
Taipei Factory was certified with ISO 9002. 
December 1994 
Purchased Taoyuan Lu-Chu Plant with an area of 2,417 pings and constructed a 
manufacturing facility area of 1,200 level ground that was went into service in mid-
1995. 
    
 
January 1995 
ASIAN SOURCES Magazine had the company’s quality ranked in the first place 
and the company’s technological innovation in the first place of the Top-10 mother 
board manufacturers in 1994. 
May 1995 
China Credit Information Service, Ltd. had the company’s business performance 
ranked in the 5th place of the TOP-500 Manufacturers in 1994. 
May 1995 
The Taoyuan Lu-Chu Plant was officially put into service for production. 
   
 
January 1996 
Purchased the head office on Li-Te Road and the building that was rented for 
Taipei Plant with an area of 3,159 level ground. 
April 1996 
Chung-Hua Institution for Economic Research awarded the company with 
“Product of the Year Award” and “Enterprise of the Year Award.” 
June 1996 
China Credit Information Service Ltd. had the company’s business performance 
ranked in the 1st place of “The TOP-500 Manufacturers in 1995”. 
August 1996 
SEC had the company authorized as Class II stock listing company. 
November 1996 
ASUS officially went public at Taiwan Stock Exchange Corporation.  
 
 
January 1997 
Taoyuan Lu-Chu Plant was certified with ISO-9002. 
February 1997 
Leased Taoyuan Nan-Kan Plant with an area of 4,400 pings ready for production. 
February 1997 
The ASUS P/I-P65UP5 was awarded with the “5th Symbol of Excellence” award 
by TAITRA. 
April 1997 
Established the Nan-Kan Plant, with an area of 4,400 pings, right next to Lu-Chu 
Plant, for a total monthly production of 800,000 motherboards. 
May 1997 
Collected funds for US$230 million with cash in the form of overseas depository 
receipt GDR. 
October 1997 
Purchased Quay-Sun Plant with an area of 7,900 pings for the production of new 
NB and CD-ROM. 
November 1997 
Held new product presentation including NB and CD-ROM.

6
   
February 1998 
Asiamoney recognized the company as the “Best Managed Companies in 
Taiwan.” 
April 1998 
Finance Asia recognized the company as “Asia’s Strongest Companies.” 
October 1998 
Acquired automation SMT for expanding automatic production scale; production 
reaches with over one million motherboards manufactured monthly. 
October 1998 
Presented the lightest all-in-one NB. 
November 1998 
The company was certified with ISO-14000. 
November 1998 
Asia Week had the company ranked in the first place of The International Chinese 
Enterprises 500 & Top-10 Manufacturer in 1998. 
November 1998 
Asia Week had the company’s business performance in the first three quarters of 
1998 ranked in the first place of The InfoTech 100. 
November 1998 
Business Week (U.S.A.) had the company ranked in the 18th place worldwide and 
the first place in Asia of The InfoTech 100. 
December 1998 
Completed the construction of Lu-Chu Plant. 
 
 
March 1999 
Initiated the construction of Beitou II Plant for an area of 1,453 pings planned for 
use. 
May 1999 
Ranked in the 21st place of Top-1000 Manufacturers in the special issue of 
Commonwealth Magazine. 
Ranked in the 2nd place of Top-50 Enterprises 50 for three consecutive years 
(2007~2009) in the special issue of Commonwealth Magazine. 
Ranked in the 6th place of Top-1000 Manufacturers as the most profitable 
operation in the special issue of Commonwealth Magazine (hit the mark of NT$10 
billion and become the leader of information and telecommunication industry). 
Ranked as one of the National Top-20 Private Businesses in the special issue of 
Commonwealth Magazine. 
June 1999 
China Credit Information Service Ltd. recognized the Company with the honorary 
citation of “1999 Taiwan TOP 500.” 
China Credit Information Service Ltd. ranked the Company in the fourth place as 
the most profitable business of “1999 Taiwan TOP 500.” 
China Credit Information Service Ltd. ranked the Company in the third place as 
the highest earnings business of “1999 Taiwan TOP 500.” 
China Credit Information Service Ltd. ranked the Company in the third place as 
the best assets-management business of “1999 Taiwan TOP 500.” 
China Credit Information Service Ltd. ranked the Company in the fourth place as 
the most productive employees of “1999 Taiwan TOP 500.” 
Increased the paid-in capital to NT$11.449 billion with retained earnings. 
July 1999 
Presented ASUS super thin NB. 
   
 
January 2000 
Purchased the eight pieces of land of the 4th lot, Fong-Nien Lot, Beitou District, 
Taipei, for business expansion with an area of 7,186 level ground. 
Asiamoney ranked the Company in the second place of “Best Managed 
Companies in Taiwan.” 
May 2000 
Completed the construction of Beitou II Plant with an unable area of 1,453 level 
ground. 
August 2000 
Ranked in the first place of Tech 200 by Globalviews Magazine. 
September 2000 
China Credit Information Service Ltd. ranked the Company’s business 
performance in the third place for Top-10 Manufacturers in 1990-1999.

7
October 2000 
Commonwealth Magazine ranked the Company in the first place of Taiwan 
Electronics and in the seventh place nationwide. 
  
 
March 2001 
ODC (ODC refers to the certification of environmental protection without using 
any material hazardous to Ozone layer) was awarded to ASUS. 
November 2001 
Business Week ranked ASUS in the 28th place of The InfoTech 100. 
November 2001 
Completed the construction of Taipei Plant with a usable area of 9,073 pings. 
December 2001 
Readers of PC Magazine awarded ASUS with the “Product of the Year Award” for 
the motherboard, NB, CD-ROM, and VGA in 2001. 
  
 
January 2002 
Seventeen company products were awarded the “Symbol of Excellence” this year; 
therefore, the Company was the biggest winner of the 10th national “Symbol of 
Excellence” award. 
April 2002 
Recognized as the Excellent Health and Safety Institute by Taipei City 
Government. 
April 2002 
Ranked in the Top-10 of Manufacturers 1000 by Commonwealth Magazine, the 
Top-3 of computer and elements, and the Top-3 of most profitable businesses. 
June 2002 
Launched MyPal A600, the first PDA supporting Intel’s 400MHz PXA250CPU; 
also, it was the most light-weight, thin, and functional pocket PC. 
October 2002 
Recognized as the Excellent Health and Safety institute nationwide. 
October 2002 
Asia Week ranked ASUS in the Top-10 of Chinese Businesses 500. 
December 2002 
The Company shipped 17 million mother boards this year; therefore, one out of six 
computers was built with ASUS mother board. 
 
 
January 2003 
Constructed Quay-Sun Plant with 16,976.8 level ground available for use. 
February 2003 
The design of super-thin portable dual CD-R & CD-REW SCB-2408-D was 
awarded by the International Forum (iF) in Germany. 
March 2003 
Based on the powerful R&D capability and the excellent cooperation with Intel, 
ASUS launched Centrino NB to great attention. 
May 2003 
After receiving the award of “Symbol of Excellence” with 20 citations, more than 
all other competitors, ASUS was awarded the “11th Branding Taiwan” with three 
citations, compared with most other companies. This demonstrated the high 
quality and reputation of ASUS and its ability to compete in the world on behalf 
of Taiwan. 
June 2003 
Purchased the assets of Elite Group in Chungli, including land, manufacturing 
facilities and equipment, and specific raw material through the subsidiary, 
ASUSALPHA COMPUTER INCORPORATION 
September 2003 
Presented S200N Centrino NB; it weighed only 905g and was the lightest-weight 
NB in the world. 
October 2003 
Presented the first 3G foldable color phone J100. 
November 2003 
DiGiMatrix was awarded with “Taiwan Outstanding Design Award” in 2003. 
   
 
 
April 2004 
Setup TPC product line (thermal conduction, power, and chassis) to provide 
consumers with comprehensive system solution.

8
May 2004 
ASUS W1 NB with built-in TV card and powerful multimedia software was 
market launched. The outstanding hair-like pattern design was awarded with 
multiple global awards. 
June 2004 
Presented the light-weight, big screen ASUS J101 phone. 
June 2004 
The industrial design team received eleven G-Mark in Japan, five iF awards and 
five Red Dot Design Awards in Germany. 
December 2004 
ASUS was the largest motherboard and VGA manufacturer; worldwide, one out of 
three computers was made with ASUS motherboards. 
December 2004 
ASUS became the Top-10 NB brands and the Top-5 NB manufacturers. 
  
 
January 2005 
ASUS was the biggest winner of “Symbol of Excellence” award for two 
consecutive years, with all forty nominated products receiving awards. 
March 2005 
ASUS W1 NB was awarded by iF (Germany) with the industrial design award that 
was known as Oscar Award in computer business. This was the first Chinese 
design awarded with iF. 
Invested in AzureWave Technologies Inc., which became a subsidiary, to 
manufacture office machine, electronic components, and computer and peripheral 
equipment, and to conduct the wholesales and retails sales of precision instrument 
and camera equipment. 
October 2005 
ASUS successfully developed the first environment-friendly mother board in 
Taiwan. 
Invested in AMA PRECISION INC., the subsidiary, to conduct computer elements 
R&D. 
November 2005 
ASUS was awarded with thirteen awards in the 2005 “Channel Award” 
competition, second to none. 
Invested in Enertronix, Inc., which also became a subsidiary, to conduct R&D and 
manufacture radio receiver and wireline communication equipment. 
December 2005 
The Company issued 59,592,835 stock shares in exchange for 15% stock shares 
of Advantech Co., Ltd. for of stock exchange and strategic alliance; the Company 
thus entered the industrial computer field. 
ASUS entered CES exhibition for the first time, introducing the concept of the 
“digital home.” W5A NB was awarded with CES Innovative Design & Technology 
Award. 
   
 
January 2006 
The Company and Advantech Co., Ltd. each acquired 50% shareholding of 
Advansus Corp. on January 3, 2006 with cash capitalization. 
March 2006 
The Company had stock exchanged with Askey Computer Corporation according 
to Merger Law with 73,662,961 shares issued for merger. Askey Computer 
Corporation had become a subsidiary of the Company. 
May 2006 
ASUS NB W2, W3, and V6 were nominated for “iF China Design award” Top-10. 
This was a great achievement for the Company; evidence of ASUS’s leading 
position of in the computer world. 
June 2006 
Business Weekly awarded ASUS with InfoTech 100 for eight consecutive years. 
October 2006 
ASUS, known for creating trust and sentiment was awarded the “2005 Top-10 
Taiwan Brand Value” by Business Next Magazine. 
December 2006 
ASUS ATEC was awarded with the “7th Management of Technology Award” by 
Chinese Society for Management of Technology.

9
January 2007 
ASUS worked with Automobili Lamborghini to present the ASUS Lamborghini 
VX series NB high-speed version. 
January 2007 
ASUS AS-D770 and NB were crowned as Top-50 Industrial Purchasers in 2005 
by the Commercial Times newspaper in Taiwan. ASUS products were the first 
choice for the industry, professionals; and networking users. 
February 2007 
ASUS was awarded with three citations in MIS Best Choice by Institute for 
Information Industry: Barebones and server were ranked in the first place, and 
advanced NB was ranked in the second place. 
March 2007 
ASUS presented the first 3.5G NB in Taiwan that led consumers entering new 
mobile phone era. 
June 2007 
ASUS was awarded 39 citations in the 15th Taiwanese Excellence Awards for its 
excellent quality and innovation; that was second to none. 
July 2007 
ASUS announced plans to have brand name business and OEM/ODM business 
divided at the press conference of SEC in July 2007. ASUS was divided into three 
divisions, where brand name business was the responsibility of ASUS and 
OEM/ODM was the responsibility of Pegatron Corporation and Unihan 
Corporation, as of January 1, 2008. 
July 2007 
ASUS was recognized by Business next Magazine as the “2007 Top-10 Brands 
Taiwan.” with a brand value of US$1.196 billion, representing a growth of 166% 
from the year of 2003. 
October 2007 
ASUS Eee PC was launched to the market in Taiwan.  
ASUS Eee PC was popular worldwide and one Eee PC was sold in every five 
seconds. 
November 2007 
The environmental protection effort of ASUS was recognized for the first time; 
Oekom, an international reputable institute for environmental protection 
evaluation, ranked ASUS in first place for “2007 Environmental Protection.” 
Also, ASUS was the first Chinese IT industry to have received such an honor in 
the last fifty years. 
December 2007 
ASUS was ranked top in the “Sustainability Award” by the Executive Yuan, 
presented to the Chairman of ASUS by the Minister. 
December 2007 
Dr. Yahya AJJ Jammeh, President of the Republic of Gambia, and his 32 officers 
visited the head office of ASUS and showed strong interest in Eee PC. 
December 2007 
Chunghwa Telecom and ASUS announced a strategic alliance to integrate the 
resources for the construction of a perfect digital center and get involved in charity 
activity with 1,000 Eee PCs donated to schools in the remote area of northern, 
central, southern, and eastern Taiwan to narrow down Taiwan’s digital divide. 
December 2007 
ASUS entered the optical field for the first time through the presentation of 
BrightCam AF-200 and MF-200. 
 
 
January 2008 
ASUS brand-name business and OEM/ODM business were officially divided. The 
brand-name business was the responsibility of ASUS while OEM/ODM was the 
responsibility of Pegatron Corporation and Unihan Corporation with each 
company focusing on creating their own value. 
March 2008 
The “Dual Hundred-Million-Plan” of ASUS was to have one hundred million 
NTD budgeted to win over the heart of one hundred million customers. The goal 
was to provide professional repair and maintenance and consulting service to more 
customers of ASUS. 
April 2008 
Intel and ASUS held the “Recycling Computer, Project of Hope” press conference 
to demonstrate collaboration between businesses and their determination and 
enterprise actions in saving energy and recycling for the good of the earth. 
April 2008 
ASUS Foundation was set up integrate resources effectively, give feedback 
society and fulfill social responsibility.  
May 2008 
ASUS Computer was awarded with the 16th “Symbol of Excellence” this year and 
ASUS was the biggest winner. The excellent technological R&D, the humanity 
technology, and the innovation of ASUS resulted in fifty-one ASUS products 
awarded with the “Product of the year award” at the “Symbol of Excellence” this 
year. In particular Eee PC and R700t navigator were awarded with the “gold

10
medal” award. Six products of ASUS were awarded with the “silver medal” 
awards. ASUS is second to none in the industry in the sense of quality and 
quantity.  
July 2008 
Enforced “Reverse Recycling Green Marketing Business Plan”  
August 2008 
ASUS was the designated hardware brand for Advanced Overlocking 
Championship (AOCC) in 2008, with the products receiving high praise. The 
combination of ASUS P5Q3 Deluxe, Striker II Extreme, and ENGTX280 had 
broken the record by performing successfully at the extreme temperature of 100℃ 
below. 
November 2008 
ASUS Eee Family promoted new products including the all-in-one touch-panel 
screen computer Eee Top ET16 series with 15.6” touch big screen. The computer 
can be operated with screen touch for an effective interaction and operation with 
the device that is different from conventional table-top computers. 
November 2008 
The tough Japanese market was conquered by the easy-to-learn and easy-to-use 
Eee PC! According to the survey in November by the most creditable 3C survey 
company, Business Computer News (BCN), Eee PC was the champion in sales of 
Notebook and named the most popular product of the year by the Japanese lifestyle 
and fashion magazine DIME. 
December 2008 
ASUS Eee PC was named the product of the year by Forbes and Stuff Magazine 
in the U.K. The Japanese lifestyle and fashion magazine Dime honored Eee PC 
with top product. Sweeping from the west side to the east side of the Atlantic, 
America’s benchmark on-line retailer Amazon also selected Eee PC as the most 
popular Christmas gift, and it was recommended by 13 different media outlets as 
the best gift to give. All noted how consumers loved the high mobility of the Eee 
PC. Spanning Japan, Taiwan, Europe and the U.S., there is no place in the world 
that has not felt the effect of the Eee PC. 
 
 
January 2009 
ASUS was ranked top by the 24th “consumers’ ideal brand” survey by 
Management Magazine V. 451 and the “businessman’s ideal brand” of Today V. 
626. 
February 2009 
ASUS and the world leading GPS brand Garmin announced the establishment of 
a strategic alliance to launch a joint Garmin-ASU-brand smart phone that 
combines the leading smart phone and GPS technologies. 
March 2009 
Eee PC series had been selected the top-three models on the shopping list of the 
benchmark online mall “AMAZON” for multiple times. The newly launched 
1000HE model of Eee PC™ had taken up the top-two spots with successful pre-
order as an evidence of the popularity of Eee PC. ASUS owned the heart of 
American consumers with Eee PC™. 
March 2009 
Global design prize “Red Dot” was awarded in Germany. ASUS had been awarded 
“Product Design 2009 Winners” this year for five products including Eee PC S101, 
Eee Keyboard PC innovative computer, S121 notebook, P30 notebook, and 
innovative “chocolate keyboard.” 
April 2009 
ASUS was the biggest winner in the 3rd Annual Taiwan Excellence Award 
competition for three consecutive years where a total of 53 products received the 
Excellence Award, including the Eee PC, which S101 was awarded the “Gold 
Award” this year while ASUS Bamboo U6V and P552w smart phone were 
awarded with “Silver Awards.” 
April 2009 
ASUS launched the energy-saving motherboards P5Q PRO Turbo and P5Q Turbo 
on the Earth Day. P5Q PRO Turbo and P5Q Turbo were designed with unique 
Xtreme Phase power design and ASUS 2nd generation EPU smart energy-saving 
chips to save power consumption; They system monitors itself automatically, 
adjusts the power supply, reduces temperature, and increases power efficiency up 
to 96%. 
April 2009 
ASUS was held up to the world the gold standard for green products by CNN and 
TIME Magazine. Eee PC 1000HE was appraised by CNN in the program of “Your 
Green World.” ASUS Bamboo U6V was awarded” “Green Design 100” by TIME 
Magazine for the artistic design and environmental protection value.

11
May 2009 
ASUS introduced the thinnest mini notebook, Eee PC 1008HA Seashell! Seamless 
Eee PC 1008HA Seashell gave a sense of fashion, which was originated from the 
idea of seashell; weighted only 1.1kgs, presented a sexy, slim body only 18mm 
thick, and featured a 92% Baby Touch keyboard and a power-saving 10.1” LED 
display. 
May 2009 
ASUS was ranked No. 1 for “product and service quality” and “innovation” in the 
“Asian Business 200” by Wall Street Journal in Asia. ASUS received the highest 
ranking in the 3C industry under “domestic industry” in the “Asian Business 200.”  
June 2009 
ASUS’s pioneering motherboard was the first to pass Energy Star 5.0 certification. 
ASUS was certified for professional energy-saving for the second time since the 
initial recognition as the gold standard for green products manufacturer by CNN 
and TIME Magazine. 
September 2009 
ASUS introduced the brand new ASUS UL Series, demonstrating Turbo 33 duo-
core effect, 12-hour long-lasting power, and a super-thin notebook that broke the 
myth of permanence and efficiency conflict and established a brand new standard 
for mobile computation. 
October 2009 
ASUS was recognized for innovation in energy-saving effort. ASUS computer was 
the first one in the world to receive third party validation of “Environmental 
Product Declaration (EPD)” and the first to win “carbon footprint (carbon 
neutrality)” certification. ASUS was the first enterprise in Taiwan to receive the 
gold environmental protection logo of EPEAT of the United States; the Company 
is also the first top-ten computer brand in the world to receive the “EU Flower” 
certification. ASUS has dedicated itself to the principles of green environment, 
carbon-reduction, and care for the Earth. 
     
    
 
January 2010 
ASUS P6X58D Premium was the first USB 3.0 motherboard in the world to receive 
USB-IF (USB Implementers Forum) certification and led consumers entering USB3.0 
high-speed transmission era. 
February 2010 
The Company held its extraordinary shareholders’ meeting on February 9, 2010, and 
passed a resolution for the spin-off of its ODM business.  This resolution required the 
Company to spin off the ODM assets and business (the Company's 100%-owned long-
term equity investment in Pegatron) to the Company's wholly owned existing 
subsidiary Pegatron International Investment Co., Ltd. Pegatron International 
Investment Co., Ltd. will issue new shares to the Company and the shareholders of the 
Company as consideration.  The Company will have a capital reduction of 
$36,097,609 or a capital reduction of approximately 85%.  It is expected that the 
Company will acquire approximately 25% of the equity in Pegatron International 
Investment Co., Ltd. and that the shareholders of the Company will in total acquire 
approximately 75% of the equity in Pegatron International Investment Co., Ltd. The 
spin-off date is expected to be June 1, 2010. 
February 2010 
ASUS introduced the first Smart3 Garmin-Asua M10, the perfect smart phone for 
navigation, daily life, superpower community function, and a multi-functional 
Windows smart phone. 
February 2010 
ASUS introduced the first USB 3.0 ASUS N series mobile video flagship notebook 
with built-in SonicMaster sound technology. It is the gold standard of mobile video and 
audio theater. 
March 2010 
ASUS was awarded with international industrial design prizes again – the chocolate 
keyboard was awarded with the gold medal of iF design in Germany. 
April 2010 
 
Participated in Taiwan Pavilion Shanghai Expo2010 with the high-performance 
computer BA5190 exhibited for light screen performance, water table lamps, and 
window on Taiwan. The high-performance machines were used to display the beauty 
of Taiwan to the guests visiting the Taiwan Pavilion from all over the world. 
April 2010 
The 18th “Symbol of Excellence” was awarded to ASUS, the biggest winner of the 
year. Gold Medal was awarded to Eee Keyboard PC including five nominations of 
Gold Medal and 36 “Symbol of Excellence” Awards. ASUS was the biggest winner of 
the “Symbol of Excellence” for seven consecutive years and awarded with the 
“Outstanding Award” of the year.

12
June 2010 
 
The G51 3D notebook of ASUS was awarded the 2010 Taipei International Computer 
“Product of the Year Award” and “Display & Digital Entertainment Award.” Eee PC™ 
1015PE was awarded the Red Dot Design Award in Germany and “Green ICT Award” 
at COMPUTEX 2010. AP-N53 Mini Dual Band Wireless Router won the recognition 
of the review panel with its light, compact, portable, and powerful network shareware. 
AP-N53 Mini Dual Bank Wireless Router is the Best Choice, with four awards 
awarded consecutively. 
August 2010 
 
ASUS marketed the “Own SonicMaster and enjoy the sound of music” SonicMaster 
notebook. Mr. David Lewis of Bang & Olufsen was the designer. NX90 gave not only 
extreme video shock but also stylish classic design elements. 
August 2010 
In recognition of ASUS’s dedication to environmental protection, energy saving, and 
society involvement for years, ASUS was awarded with the 2010 Top-Ten Corporate 
Citizenship Award by CommonWealth Magazine. 
September 2010 
ASUS was awarded with the Top-Three Brands of the “2010 Top-Ten Taiwan Brands” 
by the MOEA, Foreign Trade Association, and Interbrand. The overall brand value had 
increased up by 5% from the year of 2009 for a record high of US$1.285 billion. 
October 2010 
 
ASUS constructed “Florabot” technology view for the four chambers of the dream 
house at “Taipei Expo2010.” 
 
 
 
 
January 2011 
ASUS was recognized with eight awards at iF Product Design in Germany, and was 
the biggest winner of the year. 
March 2011 
ASUS introduced the Eee Pad Transformer of Android® 3.0 operating system. The 
Eee Pad Transformer featured the “deformation” function. Eee three-in-one base and 
multiple expansions, superior to any other TabletPC in market. Transformer also 
includes (USB 2.0/SD/micro SD slot) and 16-hour UPS. 
March 2011 
The first green brands chart was introduced in Taiwan, with a focus on ten industries 
and 155 brands to encourage the green brands for the good of the society taking as a 
whole. ASUS outperformed others and was recognized in the category of information 
industry with the “Super Green” award. 
April 2011 
ASUS participated in the largest design convention in the world: The design week in 
Milano Italy with the theme of “Senses Remix” embracing all kinds of sensory 
experience, directing visitors to explore how technology enrich hearing sense, sense of 
sight, and sense of touch. The exhibition center was the best ever. 
April 2011 
The Gold Medal and Silver Medal of the 19th “Symbol of Excellence” were awarded 
to the 45 products of ASUS, the biggest winner of the year. 
April 2011 
The 2011 Energy Star Certification was held in Washington D.C. in the United States. 
ASUS was awarded with “Excellence in Efficient Product Design”. The exclusive 
ASUS developed Super Hybrid Engine (SHE) with super energy-saving techniques 
has been appraised by the Environmental Protection Agency (EPA).  
May 2011 
ASUS Eee Pad Transformer won the 2011 Taipei Computex Best Choice Award in 
category of the Best Choice of the Year, Best Design Award and the Best Choice in 
“Computer and Systems.” The world’s first halogen-free monitor, VW247H-HF and 
Bamboo series notebooks, U43SD were awarded with the Green ICT Award. The 
o!Play Gallery high-speed USB 3.0 player was awarded Best Choice in the category 
of “Display and Digital Entertainment” while the Two-Way HDMI Streaming Media 
Center WAVI won the Best Choice in the “Telecommunication category.” ASUS 
outperformed the competition with seven awards. 
June 2011 
ASUS agreed to establish the Shou Yang Digital Technology Co., Ltd with AAEON 
Technology for M&A, based on the consolidation date of June 1st, 2011. Shou Yang 
was the surviving corporation after the merger and acquisition, the Company was 
renamed AAEON Technology on July 4th, 2011. ASUS Group is holding 65% of the 
integrated ownership.  
June 2011 
ASUS introduced its new branding vision “In Search of Incredible.” which was 
incorporated in the ASUS N series and debuted with Jay Chou’s special version of 
notebook, exhibiting the cross—boundary interaction of technology and arts.

13
July 2011 
The TAITRA organized the “Top 100 Taiwan Brands” as part of the centennial 
celebration of the founding of Taiwan. ASUS products were recognized by the judgers 
and consumers to be selected as one of the top 100 Taiwan products.  
September 2011 
ASUS was ranked as the top 3 international brands of Taiwan for the 9th consecutive 
years and the market value of the brand is valued at NT1.637 billion.  
October 2011 
ASUS released of the latest ZENBOOK™ super-slim notebook in step with the world. 
Chairman Jonney Shih first released the product in New York, followed by London, 
Milan and Taipei. The synchronized global disclosure.  
November 2011 
ASUS cooperated with NVIDIA and launched the world’s first 10.1-in Android-based 
TabletPC carrying NVIDIA® Tegra® 3 4-core processor. The product, equipped 
exclusively with the ASUS Eee keyboard base, inherits the concept and spirit of 
“transformation” from ASUS, and exhibits exceptional action and battery life.  
November 2011 
ASUS announced its major deployment in cloud computing by launching the “ASUS 
Private Clouding” to integrate clouding platform, enterprise application software, and 
comprehensive solutions for server systems, so that enterprises can quickly build 
exclusive private clouds with all-in-one convenience and safety.  
December 2011 
ASUS officially released the worlds’ first 4-core processor carrying NVIDIA® Tegra® 
3 while exhibiting the Google Android 4.0 ICS (Ice Cream Sandwich) based ASUS 
transformation TabletPC for the first time.  
 
 
 
 
January 2012 
ASUS won six product innovation awards in CES exhibition, in the categories of 
wireless portable, personal electronic products, audio equipment, computer hardware, 
and components. PadFone was awarded with the Best of Innovations Award in the 
category of wireless portable products, demonstrating ASUS’s leadership in the field 
of digital life products. 
January 2012 
ASUS was the biggest winner for the 9th consecutive year in the 20th Taiwan Boutique 
Awards; a total of 50 products received awards.  
January 2012 
The National Center for High-Performance Computing adopted ASUS ESC4000 
server to complete the establishment of the largest GPU super computer in Taiwan. It 
was the first time ASUS was listed (in 234th place) in the global Top 500 super 
computers, and in the 37th place in the Green 500 Super computers category.  
April 2012 
ASUS announced the series “Happiness 2.0” with new laptop standards, featuring the 
five dimensions in Beauty, Sound, Touch, Instant On, Instant Connect, and Cloud, 
which aim to comprehensively enhance user experience.  
May 2012 
ASUS was awarded with HSPM certificate (Hazardous Substance Process 
Management) from IECQ becoming the world’s first computer company to receive the 
prestigious awarded.  
June 2012 
In the 2012 Best Choice competition, ASUS again won several awards in six 
categories. ASUS Transformer Pad Infinity and PadFone won the Best Choice Gold 
Awards in the Computer & System category, and Innovative and Smart Mobile Device 
categories. Eee Box EB1033 also won the Green ICT Award with recycling rates as 
high as 90%. The ASUS P1 LED Projectors and O!Play Smart TV were awarded with 
Best Choice in category of Display & Digital Entertainment. Moreover, EA-N66 Dual-
Band Wireless-N900 Ethernet Adapter won Best Choice in category of Computex.   
June 2012 
For the first time, ASUS cooperated with Google to develop the Jelly Bean Nexus 7 
Tablet with the latest Android 4.1 Jelly Bean operating system. Nexus 7 combines the 
robust hardware design power of ASUS and the latest Google software service, 
integrating the outstanding hardware/software combination to create market-changing 
advantages.  
October 2012 
ASUS released the PadFone™ 2 in Milan and Taipei in a synchronized global 
presentation. The phone is noted for being highly intuitive and convenient for 
consumers.  
October 2012 
ASUS released the latest series of products carrying Windows 8 operating system. 
Chairman Jonney Shih first released the product in New York, followed by CEO Shen 
Zhen in Taipei, driving new products such as ASUS TAICHI, ASUS Transformer AiO, 
and ASUS Transformer Book to new peaks.

14
 
 
January 2013 
Fifteen ASUS products received Innovation Awards at the CES exhibition. The 
winning product categories covered innovative design and technological scope, 
including premium game hardware and accessories, computer hardware and 
components, computer peripherals and equipment, TabletPC, and e-readers, mobile 
computing devices, display, and wireless portable products. 
February 2013 
MWC listed the TabletPC product in its Global Mobile Awards 2013 for the first time 
and ASUS Nexus 7 was the first Taiwanese TabletPC to win the award from MWC. 
April 2013 
ASUS collaborated with Taipei City Government to build Taipei iCloud providing five 
cloud services, including “Citizen Cloud,” “Enterprise Cloud,” “Education Cloud,” 
“Health Cloud,” and “Open Data Cloud” to offer diverse and convenient cloud 
applications for Taipei citizens. 
April 2013 
ASUS collaborated with UniMax Electronics Inc. to develop the “Smart Navigation & 
Infotainment System.” The system was first introduced to Toyota electric vehicle 
through the “Sun Moon Lake Scenic Area Smart Electronic Vehicle Pilot Project.” 
April 2013 
ASUS was again the biggest winner in the 21st Taiwan Excellence Awards and has 
received the most awards in 11 consecutive years, with a total of 41 products receiving 
awards. Of particular note; PadFoneTM2 was awarded with Gold Award and ASUS 
TAICHITM awarded with Silver Award. 
May 2013 
ASUS joined Chunghwa Telecom to expand the cloud service market, offering 
innovative and diverse cloud services to consumers through personal cloud, family 
cloud, health cloud, and creativity cloud. ASUS also launched multi-monitor and 
digital content integration to upgrade cloud experience countrywide. 
June 2013 
ASUS presented “WE TRANSFORM” at Computex, stressing ASUS’s continuous 
innovation in leading digital reform, and conveying its pursuit of unparalleled brand 
spirit. ASUS launched an epoch-marking innovative transformer product, the ASUS 
Transformer Book Trio. Carrying Windows 8 and Android dual Operation Systems, it 
is the first transformer product in the world that integrates laptop, TabletPC and 
desktop computer in one. 
June 2013 
ASUS’s digital service was recognized by Digital Times and was awarded the “Digital 
Service Bench Enterprise.” 
July 2013 
ASUS launched a new-generation Nexus 7 with Google, which carries an innovative 
built-in wireless charging function and comes with 1920x1200 Full HD (323ppi) to 
become the leader of 7” TabletPC. 
July 2013 
ASUS ESC4000/FDR G2 Server was adopted by, two super computers, SANAM and 
Seneca Data Cluster ranked 52th and 364th place respectively in the TOP500 
Supercomputer list in 2013, for high-powered performance and ultimate processing 
speed. At the same time, the two products comply with eco-friendly standards, 
receiving recognition through the 4th and 194th place on the green500 org list. 
August 2013 
Leading in the motherboard brand, ASUS re-established a new milestone by adopting 
Z870C motherboard with Intel Z87 chipset to become the world’s first certified 
motherboard for WINDOWS 8.1 WHQL. 
September 2013 
ASUS Transformer Book Trio was introduced during the Intel Developer Forum by 
Chairman Jonney Shih. The brand-new mainstream ASUS Transformer Book T100 is 
the first world’s first device integrating laptop, TabletPC and desktop PC all-in-one. 
The ASUS Transformer Book Trio was simultaneously introduced in San Francisco, 
USA. 
September 2013 
ASUS Foundation donated 2,000 TabletPC to digitally disadvantaged areas and 
families in Taiwan and overseas via the Ministry of Foreign Affairs, Ministry of 
Education and Tzu Chi Culture and Communication Foundation. All levels of 
education, libraries, residents in remote areas and children of low household income 
will benefit in nine allied countries from this donation. 
September 2013 
ASUS participated in the 2013 Taiwan Designers’ Week, with the ASUS Design Center 
featuring “Capture – In Search of the Moment” to explore surprising and touching 
beautiful moments in life through the pursuit of aesthetics whose context is hidden in 
both tangible and intangible things. Through a dynamic vision of technology progress, 
ASUS builds an imaginary blueprint of literacy and design, accomplishing ASUS’s 
brand spirit “In Search of Incredible.”

15
October 2013 
ASUS was awarded with First Place for 2013 as the “Most Prestigious Benchmark 
Company in Taiwan” in the category of Appliances and Information Service Industry 
from CommonWealth Magazine. ASUS demonstrated outstanding performance in 10 
competency indicators including forward-looking and innovation, talent fostering, 
customer experience, business performance, and citizen responsibility. 
November 2013 
ASUS ranked top in the “Ideal Brands for Business Elites” in category of laptop 
computer awarded by Business Today for the sixth consecutive year. 
November 2013 
ASUS was awarded the top 3 international brands in Taiwan for the 11th year in a row. 
In 2013, ASUS brand value again hit a record high, reaching $1.711 billion US, 
establishing a new milestone for ASUS’s corporate philosophy of “In Search of 
Incredible.” 
December 2013 
In the 22th Taiwan Excellence Awards revealed in 2013, ASUS received the greatest 
number of awards for the 11th consecutive year. Among the 50 products awarded, six 
products received the Gold Award. 
 
 
 
 
January 2014 
At the 2014 CES, ASUS released the smart ZenFone with exceptional product 
personality; new transformer PadFone mini; the transformer PadFone X in joint 
cooperation with AT&T; the Transformer Book Duet (TD 300), and ROG Swift 
PG278Q WQHD monitors exclusively designed for computer gamers. T 
February 2014 
ASUS presented two major applications at the 2014 Mobile World Congress (WMC): 
the user interface of ASUS ZenUI smart mobile device and PixelMaster image 
processing technology. The intuitive ZenUI brings to consumers a brand-new system 
interface for user experience, while the PixelMaster image processing technology 
provides more exquisite and lively images. 
March 2014 
ASUS outperformed in the 2014 iF Awards, receiving awards for 11 products among 
the 4,352 products from 51 participating countries. ASUS also received highest honors 
in design for three major project categories.  
March 2014 
The list of 2014 Red Dot Design Awards showed that ZenFone and the ROG Maximus 
VI Formula motherboard outperformed 4,815 participating design works from 53 
participating countries based on ASUS’ innovative design concept that encompasses 
‘humanity’, ‘aesthetics’ and ‘performance’. These products were recognized by 
international experts with the Red Dot Award in the category of consumer electronic 
product design. 
April 2014 
ASUS held the global launch of the ZenFone series, including the ZenFone5, ZenFone 
6 and PadFone mini, in National Taiwan University Sports Center, inviting over 
thousands of ZenFans to participate. 
April 2014 
The 22nd Taiwan Excellence Award of 2014 was announced, and it was the 12th 
consecutive year that ASUS won the most awards. 
May 2014 
ASUS held a Sports Day on its 25th anniversary, with over 6,000 employees and their 
families taking part in the event. ASUS Chairman Jonney Shih, Vice Chairman and 
President Jonathan Tsang, and CEO Jerry Shen jointly lit the opening fire, symbolizing 
hope, teamwork and sportsmanship, which drive ASUS towards becoming the world’s 
most admired company in the new digital era. 
May 2014 
ASUS held an ASUS Cloud Day and announced the ASUS Cloud strategy, establishing 
a common industry platform that integrates interdisciplinary resources and 
collaborates to expand local synergy to international market. 
May 2014 
ASUS, Show Chwan Health Care System, and Chung Hwa Telecom jointly promoted 
the release of Palau Health Cloud Service by providing local health care services to 
Palau residents, using the professional advantages afforded by integrating Taiwanese 
cloud technology, IT and healthcare. This resulted in the creation of the first 
transnational health cloud services. 
June 2014 
Three ASUS products received the Best Choice Award from Computex 2014. ASUS 
also received 17 Computex Design & Innovation Awards. 
August 2014 
Unimax, an ASUS subsidiary, and Hotai Motor jointly released the world’s first 
‘Toyota smart driving system’, which seamlessly integrates an ASUS tablet with a 
vehicle to offer a smart driving experience.

16
September 2014 
In cooperation with Google, ASUS released ZenWatch, the Company’s first 
smartwatch using Android Wear at the 2014 IFA in Berlin, Germany. The exquisitely-
crafted smartwatch features superior aesthetics, smart applications and wellness 
management to provide users with a sophisticated timepiece. ZenWatch marked the 
Company’s official entrance into the wearable market. 
October 2014 
ASUS was recognized for being one of the best enterprises in the Home Appliance and 
Information Service Industry category by CommonWealth Magazine. 
November 2014 
ASUS design innovations were recongized with 17 Good Design Awards 2014 from 
the Japan Institute of Design Promotion (JDP). Awarded products included 7 laptop 
computers, 2 tablets, 3 desktop computers, plus motherboards, projectors, LED 
monitor, All-in-One PCs and a tablet cover. ZenBook UX305 laptop and the S1 mobile 
LED projector were further honored with inclusion in the annual Good Design Best 
100 list. 
December 2014 
ZenFone 6 and the S1 projector were awarded with the highest prestige in IT monthly 
top 100 innovative products with recognition in “Innovation Gold Quality Award.” 
December 2014 
An ASUS-powered supercomputer was awarded top position in the prestigious 
Green500 list of the world’s most power-efficient supercomputers. The L-CSC 
computing cluster used 160 ASUS ESC4000 G2S servers, opening up a brand-new 
milestone for ASUS’s In Search of Incredible brand benchmarking. 
December 2014 
11 ASUS products were selected as the “Gold Pin Design Award”. In particular ASUS 
ZenBook UX301 laptop was awarded the prestigious Best Design of the Year Award. 
December 2014 
ASUS was recognized for the second consecutive year as the number-one Taiwanese 
brand in the Best Taiwan Global Brands Awards 2014, with a new record high for 
estimated brand value of US$1,723 million. 
December 2014 
ASUS entered the wearable device market with ZenWatch, which was officially 
launched in the Taiwanese market. 
 
 
 
 
January 2015 
The ASUS ‘Experience 2Morrow’ event was held at the 2015 International CES press 
conference, with three breakthrough designs announced that combine performance, 
power and design aesthetics: Transformer Book Chi, ZenFone 2 and ZenFone Zoom. 
January 2015 
ASUS has sold over 500 million motherboards worldwide since its foundation in 1989; 
Placing side-by-side, these motherboards could circle the earth nearly four times. 
January 2015 
ASUS strengthened its comprehensive customer service program by launching the first 
‘one-hour mobile phone quick repair’ service. This innovation helps create unrivaled 
customer satisfaction with fast, convenient customer-oriented services. 
February 2015 
ASUS was awarded the Medal of Diplomatic Contribution Award from the Ministry 
of Foreign Affairs, recognizing ASUS Foundation’s commitment to reducing the 
digital gap in Asia Pacific and Central/South America. 
February 2015 
ASUS was awarded the Service Model Brand Award from the biggest 3C digital 
marketplace in Taiwan, Guang Hua 3C Purchase Magazine. Both laptop and 
motherboard products received Channel Model Brand Awards. 
February 2015 
ASUS released the world’s fastest and most complete SuperSpeed+ USB 3.1 
motherboard and expansion card. 
February 2015 
U.S. Forbes Magazine announced the 2014 World’s Most Admired Company List and 
ASUS was ranked 6th in the computer industry category. 
March 2015 
ASUS is named 2nd place in the 3C category of the Power Brand survey conducted by 
Manager Today magazine in Taiwan. 
April 2015 
ASUS introduces the AiCam, a smart cloud-based camera. 
April 2015 
ASUS graphics cards sales reach 125 million and celebrate an industry-leading 8,000+ 
global awards since 1996. 
April 2015 
ASUS is the most recognized company at the Taiwan Excellence Awards for the 13th 
consecutive year. More than 40 ASUS products receive Taiwan Excellence 
certification. 
April 2015 
ASUS VivoWatch, the first ASUS wearable, designed with a focus on fitness and 
wellness, debuts at Milan Design Week.

17
May 2015 
ASUS opens its first experiential shop in Syntrend Space in Taipei, with Zensation as 
its design theme. 
June 2015 
ASUS presents Zensation at the Computex press event and launches Zen-inspired 
products, including ZenPad, ZenFone Selfie, and Zen Aio, along with ROG gaming 
products. 
June 2015 
ASUS receives more Computex awards than competitors, including 6 Best Choice 
awards and 8 Computex d&i awards. 
August 2015 
ASUS introduces the Z170 motherboard series, with Intel 6th gen CoreTM processors. 
August 2015 
ASUS holds the Incredible Comes to Latin America press event in San Paulo, 
launching the ZenFone in Latin America. 
October 2015 
ASUS Chairman Jonney Shih joins the Asian Leader Summit and is awarded 
Outstanding Leader by Future Magazine in Taiwan. 
October 2015 
ASUS achieves 2nd place in the 2015 Taiwan Innovative Enterprises survey, organized 
by the Ministry of Economic Affairs. 
October 2015 
UniMax, an ASUS subsidiary, receives the National Yushan Awards for its Intelligent 
Navigation System. 
November 2015 
ASUS introduces Chromebit, the world’s smallest Chrome OS device; which 
transforms any HDMI-compatible TV or monitor into a Chrome OS desktop. 
December 2015 
ASUS introduces the world’s fastest tri-band router, RT-AC5300. 
December 2015 
ASUS ranks No. 1 in notebook sales in Taiwan, with 54% of market share; the ASUS 
GTX graphics series reaches 35% of global market share. 
December 2015 
ASUS is recognized as the No. 1 Taiwanese brand for the 3rd consecutive year during 
the Best Taiwan Global Brands Awards, with estimated brand value of US$1.78 billion. 
 
 
January 2016 
ASUS wins five 2016 CES Innovation Awards.  
January 2016 
At CES, ASUS announces a partnership with Google for creating innovative 
computing solutions for next-generation consumer IoT smart home products. 
January 2016 
ASUS ROG GX700, the first liquid-cooled gaming laptop, is launched in Taiwan. 
February 2016 
For the 2nd consecutive year, ASUSTeK is named among the World's Most Admired 
Companies by Fortune magazine.  
February 2016 
ASUS introduces the 970 PRO GAMING/AURA, the world's first 970 AMD gaming 
board with official NVIDIA® certification. 
February 2016 
ASUS introduces the world’s first USB Type-C™ powered portable display, 
MB169C+. 
February 2016 
ASUS wins 13 iF Product Design awards, setting a new company record for wins 
during an iF Design event. 
March 2016 
In collaboration with Taipei City, Academia Sinica, and Realtek, ASUS Cloud 
introduces the first smart city air pollution monitoring project: Air Box PM2.5. 
March 2016 
ASUS wins the Channel NewsAsia Innovation Luminary award. 
April 2016 
ASUS wins 15 Red Dot Product Design awards, setting a new company record for 
wins during a Red Dot Design event. 
April 2016 
ASUS Design Center presents the Glow of Life exhibition during Milan Design Week 
in Italy. The exhibition features a forest of illuminated tree sculptures that visitors 
interact with using their smartphones to create mesmerizing displays of light and color. 
April 2016 
ASUS wins Taiwan Excellence Awards for the 14th consecutive year. A total of 47 
products are awarded.  
May 2016 
ASUS initiates the Beyond VR Ready program, leveraging advanced engineering, 
research and cutting-edge technologies to create the best VR experiences. ASUS works 
closely with leading industry partners to ensure that all components and devices are 
compatible with the latest VR technology. 
May 2016 
ASUS hosts the Zenvolution press event at Computex 2016 to unveil Zenbo, the first 
ASUS robot, along with an advanced portfolio of third-generation mobile products 
designed to provide users with revolutionary functionality for pursuing their passions. 
The lineup includes the all-new ZenFone 3 Series, featuring ZenFone 3 Deluxe, 
ZenFone 3, and ZenFone 3 Ultra; ZenBook 3, an ultrasleek and lightweight notebook

18
with a premium aluminum design; and ASUS Transformer 3 and ASUS Transformer 3 
Pro, the world’s most versatile PCs that feature an unrivalled combination of mobility, 
convenience and expandability. 
May 2016 
ROG hosts the Join the Republic press event at Computex 2016, celebrating its first 
decade of premium gaming innovation and market leadership — and unveiling a new 
lineup of elite gaming gear. 
June 2016 
ASUS is the first consumer IT headquarters in the world to complete UL’s landfill 
waste diversion validation procedure and receive their Zero Waste to Landfill 
verification (UL ECVP 2799). 
June 2016 
ASUS opens the first ROG VR amusement pavilion — FuVision VR — in Taiwan. 
July 2016 
ASUS officially launches the beautifully designed ZenFone 3 series in Taiwan. 
August 2016 
ASUS unveils ZenWatch 3at the IFA press event in Berlin. 
August 2016 
ASUS purchases a plot of land (5,710 square meters), where it will build its new 
headquarters. 
September 2016 
ASUS showcases two servers, ESC4000 and ESC500 G4, to demonstrate the latest in 
super computer technology at the NVIDIA GPU Technology Conference event. 
September 2016 
ASUS marks success in the Japanese market. As well as retaining its No. 1 position 
among Android tablet makers, the company captures majority market share for 2-in-1 
computers and SIM-free smartphones.  
October 2016 
ASUS wins nine Good Design 2016 awards. 
November 2016 
ASUS Chairman Jonney Shih attends the 18th Nikkei Global Management Forum to 
share the ASUS experience of navigating paradigm shifts.   
November 2016 
ASUS partners with Mika Ninagawa, a famous modern art photographer in Japan, to 
work on creative assets for ASUS ZenBook 3, ASUS ZenFone 3, ASUS ZenPad 3S 
and other Zen 3 Series products, and to produce limited-edition accessories that include 
her signature. 
November 2016 
ASUS wins eight CES 2017 Innovation awards. 
November 2016 
ASUS is ranked Taiwan’s No. 1 international brand in the Best Taiwan Global Brands 
survey for the 4th consecutive year, with a brand value of US$17.48 billion for 2016. 
December 2016 
ASUS wins ICT Month Innovative Elite Gold awards for ZenFone 3, ROG Swift 
PG348Q, and Reco Smart projects. 
December 2016 
ASUS ranks No. 1 for the 9th consecutive year in the Laptop Computer category of 
the Ideal Brands for Business Elites survey conducted by Business Today.   
December 2016 
ASUS introduces Aura Sync technology — the world’s first RGB lighting that can 
synchronize and support all devices with Aura functionality, including motherboards, 
graphic cards, keyboards, mice and PC components and accessories developed by 
third-party hardware producers. 
December 2016 
ASUS wins the 2016 National Sustainable Development Award in the Enterprise 
category, as presented by the Executive Yuan. The award recognizes the company’s 
commitment to energy conservation, environmental protection, green innovation, 
socially responsible supply chain management, employee care, and corporate social 
participation. 
December 2016 
ASUS holds a special event to unveil three major usage scenarios for Zenbo. 
 
 
January 2017 
In cooperation with the National Police Agency, ASUS announces that each ZenFone 
will be preloaded with a new Police Service app that offers convenient emergency 
services for users, starting in 2017. 
January 2017 
ASUS ROG wins seven Taiwan Esport Top Gear Awards. 
February 2017 
ASUS is the biggest winner of Taiwan Excellence Awards for the 15th consecutive 
year, with a total of 44 products receiving Excellence Awards. 
February 2017 
Social Value International certifies the SROI report issued by ASUS, marking the first 
time that a global consumer IT company receives SROI certification. 
February 2017 
ASUS wins 15 iF Product Design awards, setting a new company record for wins 
during an iF event.

19
March 2017 
ASUS Chairman Jonney Shih visits a Zenbo customer in person to provide them with 
a unique customer service experience as well as to receive feedback about the user’s 
experience with Zenbo. 
April 2017 
ASUS adopts a 500-meter coastal area in Bali, Taiwan, and together with its employees 
voluntarily cleans the area to assist the national Environmental Protection 
Administration in efforts to beautify Taiwan’s coast. 
April 2017 
Laptop Magazine names ASUS the No. 2 laptop brand, worldwide, ranking it highest 
in design, value and selection. 
April 2017 
ASUS receives nine Red Dot design awards. 
April 2017 
To celebrate International Earth Day, ASUS organizes a team of volunteers to 
participate in environmental cleanup activities. 
May 2017 
ROG partners with worldwide League of Legends champions SK telecom T1 to bring 
new innovations and trends to the gaming market. 
May 2017 
ASUS partners with IBM in Taiwan to announce a new cloud strategy for a smart city 
and IOT development involving Watson, IBM’s questing-answering computer system, 
and the ASUS Cloud OmniStor data center. 
May 2017 
ROG becomes official sponsor of the Asia division of Rift Rivals in the worldwide 
League of Legends competition held by Riot Games and Garena. 
May 2017 
ASUS receives 20 Computex awards, including eight Best Choice awards and 12 
Computex d&i awards. Zenbo, ROG Swift PG27UQ, and Blue Cave all win Best 
Choice Golden awards. 
May 2017 
ASUS announces five new thin and lightweight laptops during the Computex 2017 
press event, including ASUS ZenBook Pro, ZenBook 3 Deluxe, ZenBook Flip S, 
VivoBook Pro 15 and VivoBook S15. 
May 2017 
ROG unveils a full lineup of new gaming gear at Computex 2017, including the 
world’s thinnest and most powerful gaming laptop, ROG Zephyrus. 
June 2017 
Acknowledging World Environment Day, ASUS announces that it recycled more than 
10,935 tons of e-waste in 2016, representing approximately 12.2% of the total 
estimated weight of products sold over the year. The company sets new goals for 2020 
and 2025, aiming to increase recycling rates to 15% and 20%, respectively. 
July 2017 
Askey, an ASUS Group subsidiary, collaborates with Taipei’s Transportation 
Department to create the first smart bus station. 
August 2017 
ROG and Logitech co-establish a professional esports arena. 
August 2017 
ASUS ranks No. 6 in the CommonWealth Magazine survey that tracks CSR and 
sustainability efforts of large corporations. 
August 2017 
ROG launches new gaming gear at IFA 2017, including ROG Chimera gaming laptop 
and ROG Strix XG35VQ curved gaming monitor. 
September 2017 
Zenbo and Fengfu collaborate on Zenbo Baby+ project, with the goal of  developing 
content that will help make Zenbo the smartest and friendliest partner for preschool 
children. 
September 2017 
ASUS Chairman Jonney Shih receives T3 Lifetime Achievement Award for his 
contributions to the global technology industry.   
October 2017 
ASUS and Qualcomm work with the city of Tainan, FarEasTone and Industrial 
Technology Research Institute to innovate a new method of mobile learning to provide 
teachers and students with a new medium for learning and an external teaching 
platform. 
October 2017 
ASUS hosts beach cleanup activities to demonstrate its commitment to caring for the 
environment. 
October 2017 
ROG teams up with 168inn to create Asia’s first gaming ihotel. 
October 2017 
ASUS ranks No. 26 on Forbes Top Regarded Companies, and is the only Taiwanese 
company named in the top 100. 
October 2017 
ASUS is chosen to represent Taiwan in Facebook’s Made by Taiwan brand 
advertisement campaign. 
October 2017 
ASUS participates in the Guandu Festival for the third consecutive year, celebrating 
local community and traditions. 
October 2017 
ASUS receives a Green award from Cannes Lions and PwC for dedication to the 
environment across global operations. 
November 2017 
ASUS receives 15 Good Design awards. 
November 2017 
Zenbo is released in China, and ASUS collaborates with TenCent on Zenbo Qrobot 
project to create smart home lifestyles.

20
November 2017 
ASUS works with HsinChu city government to launch the first smart city public data 
platform. 
November 2017 
ASUS ranks No. 1 in Interbrand’s survey of Taiwanese brands, with a brand value of 
US$1.678 billion. 
November 2017 
Taiwan Institute for Sustainable Energy presents ASUS with an award in its Top 50 
Corporate Sustainability Report category. 
November 2017 
ASUS hosts a night running event to encourage healthy lifestyles for its employees. 
December 2017 
ASUS receives 35 Taiwan Excellence awards, making it the largest winner for 16 
consecutive years. 
December 2017 
In collaboration with Kaohsiung Medical University, Chung-ho Memorial Hospital, 
Crux-healthtec and National Sun Yat-sen University, ASUS launches the ASUS 
Healthcare platform to promote better healthcare management. 
 
 
January 2018 
ASUS receives Taipei City government’s Youth Enterprise Award for efforts to provide 
career plans and opportunities for young professionals. 
January 2018 
ASUS RS700-E9 Series servers and WS C621E SAGE workstations are awarded for 
high performance across 18 different standards by the Standard Performance 
Evaluation Corporation. 
January 2018 
ASUS Cloud announces cooperation with 7-ELEVEN’s ibon and FamilyMart’s 
FamiPort to offer cloud services for printing, taking the lead by being the first cloud 
platform to offer this service to private enterprises. 
January 2018 
Fortune magazine names ASUS in its World’s Most Admired Companies list. 
January 2018 
Thomson Reuters names ASUS in its Top 100 Global Technology Leaders list. 
January 2018 
ASUS CEO Jerry Shen leads 300 colleagues in the Standard Chartered Marathan to 
promote a healthy lifestyle for all employees. 
February 2018 
ASUS Foundation’s 10th anniversary film receives three awards at the 2018 Taipei 
Golden Eagle Micro-Movie Festival. 
February 2018 
For the 15th consecutive year ASUS wins iF design awards for product innovation and 
design, setting a new record with 18 product awards. 
March 2018 
ASUS opens its first flagship store in Tokyo, providing Japanese consumers and 
tourists with immediate, high-quality service. 
March 2018 
ASUS subsidiary Unimax becomes a member of the SDL consortium which is tasked 
to create a unified infrastructure for smart car navigation systems. 
March 2018 
ASUS announces successful completion of its validation procedure in UL 
Environment’s Circularity Facts program. 
March 2018 
ROG becomes official sponsor of the 107 National Intercollegiate Athletic Games. 
April 2018 
ASUS receives 16 Red Dot design awards. 
April 2018 
ASUS launches its first AI smartphone, ZenFone 5, for the Taiwan market. 
April 2018 
ASUS receives PwC Taiwan’s Environmental Profit and Loss report, which measures 
supply chain impacts on the environment. 
April 2018 
ASUS and Flipkart, India’s largest e-commerce marketplace, announce a long-term 
strategic partnership in which Flipkart becomes a premier ASUS partner and seller of 
smartphones, starting with models that have been specially designed to address local 
demand. 
April 2018 
The ASUS ROG “Republic of Gamers” has elected as the sole brand sponsor of 
MetalHogs PUBG League and PUBG SEA Championship. 
April 2018 
ASUS, Taiwan Mobile, and Quanta Computer Incorporated formed the “Taiwan 
Artificial Intelligence A Team” combining advantages of the three companies in AI 
field, and have won the “Project of Establishment for Cloud Services and Big Data 
Computation Facilities, and Integrated Hierarchy Storage System” from the National 
Center for High-Performance Computing. 
May 2018 
ASUS has won seven major awards in the Australian PC Awards, and the number of 
won awards is leading all the brands. 
May 2018 
ASUS has launched a new commercial management system, Zenbo Management 
Console (ZMC) and ASUS Zenbo have officially entered the commercial market.

21
June 2018 
The ASUS Republic of Gamers (ROG) held the press conference “For Those Who 
Dare” in the 2018 Taipei International Computer Show (COMPUTEX) to launch brand 
new e-sports product line, including the first smartphone for e-sports, ROG Phone. 
June 2018 
ASUS’ Chairman Jonney Shih led a team to host the 2018 Taipei International 
Computer Show (COMPUTEX) press conference, to launch the new notebook series, 
including ASUS ZenBook and ASUS VivoBook, as well as the wearable blood 
pressure monitor, “ASUS VivoWatch BP.” It also announced to delegates that the 
famous Hollywood actress Gal Gadot shall be the brand ambassador for notebook 
computers and All-in-One products. 
June 2018 
ASUS’s products won 6 “Best Product Awards” and 11 “Innovative Design Awards” 
at the 2018 COMPUTEX. 
June 2018 
The ASUS ROG (Republic of Gamers) won 22 media ratings in 20 countries around 
the world, with the highest honor, the “No.1 E-sports brand,” voted by users. 
June 2018 
ASUS launched the world’s first external hard drive with E-sport lighting effect, ASUS 
FX. 
June 2018 
ASUS launched the large-power smart phone, ZenFone Max Pro, in Russia, and signed 
a memorandum of cooperation with MTS, the largest local telecommunication 
provider, for a long-term strategic partnership. 
August 2018 
The ASUS ROG (Republic of Gamers) demonstrated the flagship model G703GI at 
ChinaJoy 2018. The CINEBENCH R15 score for practical running exceeded 1646 
points, becoming the No. 1 e-sports notebooks in the world. 
August 2018 
ASUS’s first four-sided narrow-framed notebook, VivoBook S13 was released in 
Taiwan. 
August 2018 
ASUS, the ROG (Republic of Gamers), and Far East University have collaborated, to 
set up the e-sports classroom for “Multimedia and Game Development Management 
Department,” the first academic facility aiming to cultivate “players.” 
August 2018 
ASUS has ranked among the top ten companies in the world for Corporate Citizenship 
Awards. 
August 2018 
ASUS released the world’s smallest notebook in the 2018 IFA, the brand new ASUS 
ZenBook series. 
September 2018 
The ASUS ROG (Republic of Gamers) was rated the Best E-sports Notebook by 
Laptop Magazine. 
September 2018 
The first e-sports mobile phone of The ASUS ROG (Republic of Gamers) - “ROG 
Phone” was released in Taiwan, leading the global market. 
September 2018 
The ASUS ROG (Republic of Gamers) has partnered with the world’s largest game 
publisher, Activision Publishing, Inc. 
October 2018 
ASUS Foundation welcomed its 10th anniversary. 
October 2018 
The world’s first 17-inch narrow-frame e-sports notebook, ROG Strix SCAR II, under 
the ASUS ROG (Republic of Gamers), was released. 
October 2018 
ASUS was selected as one of the most trustworthy companies by Forbes. It is the only 
selected Taiwanese company, ranked 52nd among all, and ranked second among global 
computer hardware manufacturers, only after Apple. 
October 2018 
The smallest 15-inch notebook in the world - ASUS ZenBook 15 was released in 
Taiwan. 
October 2018 
ASUS e-sports notebooks’ market shares in five Southeast Asian countries (Indonesia, 
Philippines, Vietnam, Malaysia and Thailand), are the highest in four of them 
(Indonesia, Philippines, Vietnam and Malaysia). 
October 2018 
ASUS was awarded nine awards in the Japanese Good Design Awards. 
November 2018 
ASUS’ e-sports notebooks have the largest market shares in 12 European countries 
(UK, France, Netherlands, Sweden, Portugal, Belgium, Czech Republic, Hungary, 
Romania, Serbia, Russia and Ukraine) in nearly 22 countries in Europe; with the 
holistic market share of nearly 24%, it becomes the leader in more than one-half of the 
European market. 
November 2018 
The first 802.11ax dual-band wireless router in the world, the ASUS RT-AX88U, was 
launched in Taiwan. 
November 2018 
ASUS LIFE CORPORATION under ASUS Group, worked with Show Chwan Health 
Care System to establish the precision medical services. 
November 2018 
ASUS was awarded 22 Taiwan Excellence Awards, and the number of awards led the 
peers for 17 consecutive years.

22
November 2018 
ASUS was awarded the highest honor from the Ministry of Labor - “National 
Occupational Safety and Health Award - Corporate Benchmark Award.” 
November 2018 
Ten product series, including ASUS motherboard, displays and e-sports notebooks, 
have won three European awards, including “European Hardware Association 
Community Award”, “Hardware Info Community Award 2018” and “KitGuru Reader 
Award 2018.” 
November 2018 
“Taiwan Artificial Intelligence A Team” formed by ASUS, Taiwan Mobile and Quanta 
Computer Incorporated, has created the first AI supercomputer, TAIWANIA 2. Its 
computation performance is ranked 20th in the world and the energy efficiency is 
ranked 10th in the world. 
November 2018 
ASUS won the highest honor of Taiwan Corporate Sustainability Awards (TCSA), 
“The Most Prestigious Sustainability Awards, Top Ten Domestic Corporates,” as well 
as other seven awards, including “Supply Chain Management,” “Social Inclusion,” 
“Climate 
Leadership,” 
“Growth 
through 
Innovation,” 
“Circular 
Economy 
Leadership,” and “Corporate Sustainability Report Award.” 
November 2018 
ASUS LIFE CORPORATION under the ASUS Group engaged the pilot project of the 
Taipei City United Hospital for field testing, to establish a model of precision medical 
services. 
November 2018 
For 40 consecutive quarters, ASUS has led the Taiwanese LCD market in terms of 
market share. 
December 2018 
The Board of Directors of ASUS passed three proposals: (1) Setting up a Co-CEO; (2) 
The plan for strategic transformation of mobile phones; (3) AIOT new strategic 
business plan, to activate the team inheritance and transformation, committing to 
become the king of e-sports and the AIOT industry. 
December 2018 
ASUS launched the first e-sports computation mainframe, Gaming Station GS30. 
December 2018 
The ASUS ROG (Republic of Gamers) has been ranked first in global professional e-
sports display for four consecutive years. 
 
 
January 2019 
The ASUS light and thin notebook series has been No. 1 in terms of market share 
for seven consecutive years. 
January 2019 
ASUS ROG (Republic of Gamers) won four CES 2019 Innovation Awards. 
January 2019 
ASUS and Taiwan Mobile have jointly launched the “Enterprise Storage Cloud” 
service. 
January 2019 
ASUS has been selected among the world’s most respected companies in Fortune 
magazine for the fourth time. 
February 2019 
The ASUS ROG (Republic of Gamers) has formed an alliance with the ESL One 
2019 E-sports Tournament, becoming the only officially designated partner of 
computers and screens in the world. 
February 2019 
ASUS CLOUD CORPORATION was invited as the keynote speaker in the 
innovation conference in 4 Years From Now(4YFN), the World Mobile 
Communications Conference in Barcelona. ASUS was the only representative 
from Taiwan to participate the EU PULSE project, and shared the experience of 
smart medical development. 
March 2019 
The ASUS notebook computer has become the sales champion in the Taiwanese 
market for 16 consecutive years. 
March 2019 
The conceptual film of ASUS, “Sustainability 2020” was awarded with the 
“Excellent Environmental Resources” and “Excellent Management” awards at the 
2019 Taipei Golden Eagle Micro-movie Festival. The Corporate Social 
Responsibility Report was awarded with the “Asia Sustainability Report” Award. 
March 2019 
ASUS has won 22 awards in the 2019 iF design awards. 
March 2019 
The world’s smallest flip notebook, ASUS ZenBook Flip 13 was released in 
Taiwan. 
April 2019 
ROG Zephyrus S was selected as the first place among the world’s top ten best e-
sports notebooks by TechRadar 2019; ROG G703GI and ROG Strix GL502 were 
the fifth and seventh place, respectively. 
April 2019 
ASUS was awarded 21 awards in the 2019 German Red Dot Design Award.

23
April 2019 
The ASUS ProArtTM series introduced the first professional display supporting 
Dolby Vision PA32UCX/PQ22UC in the world. 
April 2019 
The ROG Zephyrus S e-sports notebook won the T3 award. 
May 2019 
In the eastern Europe market as a whole, ASUS continues to be the champion of 
market share, where we received the award of “Best laptop brand 2018” from the 
largest local IT media “Connect Magazine” in Romania. In terms of gaming 
laptops, our ROG Zephyrus GX501 won the “2018 Best gaming product award.” 
May 2019 
Official launch of ASUS ZenBook S13 (UX392) in Taiwan with the world’s 
highest screen-to-body ratio of 97%. 
May 2019 
In the TWCCcon jointly held by ASUS, Quanta, and Taiwan Mobile, the trial run 
of Taiwan AI supercomputer that set new record of world ranking was announced. 
May 2019 
Mr. Jonney Shih, the ASUS Chairman announced the new generation of ASUS 
ZenFone 6 smartphone, the first product with notch-less design that combined with 
the innovative flip-up camera. 
May 2019 
At COMPUTEX 2020, ASUS won a total of 17 awards, including 6 Best Choice 
Awards and 11 COMPUTEX d&i Awards. Product launch of 30th-Anniversary 
special edition: Smartphone- ASUS ZenFone 6 Edition 30, laptop computer- 
ASUS ZenBook Edition 30, motherboard- ASUS PRIME X299 Edition 30 and 
conceptual motherboard- ASUS PRIME Utopia. 
June 2019 
The world’s first Wi-Fi 6 Mesh network system- ASUS AiMesh AX6100 tri-band 
Wi-Fi system launched in Taiwan. 
June 2019 
Alliance between ROG (Republic of Gamers) and Tencent Game to build ROG 
Phone 2 for joint-improvement of gaming experience on mobile phones. 
June 2019 
ASUS was selected by the “LAPTOP Magazine” as 2nd in “Best global laptop 
brand of the year” and 1st in “Innovation.” 
June 2019 
ASUS launched a full series of ASUS ZenBook laptops in Brazil, including the 
first ZenBook laptop- ZenBook 14 (UX433) Made in Brazil. 
July 2019 
ROG became the official hardware sponsor for ESPN EXP series competition. 
July 2019 
ROG Phone II was launched and became the world’s first gaming mobile phone 
equipped with the latest Qualcomm® Snapdragon™855+ high-frequency 
computing platform. 
July 2019 
Alliance between ASUS Cloud and Certis Group from Singapore for development 
of intelligent security application and cooperation in global promotion. 
August 2019 
ASUS received the CHR (Corporate Health Responsibility) Award 2019. 
August 2019 
The world’s largest and fastest 4K UHD FreeSync 2 HDR gaming monitor- ROG 
Strix XG438Q launched in Taiwan. 
August 2019 
ASUS, Quanta, and Taiwan Mobile cooperated again to acquire the “AI big data 
mainframe computer establishment” for the National Center for High-Performance 
Computing. 
August 2019 
In IFA Berlin 2019, ASUS introduced the diversified digital solution exclusively 
customized for business professionals, health/ fitness training lovers and gamers, 
where the  ASUS ProArt creator series were promoted to the strategic position of 
subsidiary brand. 
September 2019 
Limited edition of ROG’s demountable gaming laptop Mothership (knows as 
aircraft carrier in gaming) launched in Taiwan. 
September 2019 
ASUS signed a Memorandum of cooperation with the NCSIST (National Chung-
Shan Institute of Science & Technology) for joint-development in cloud computing 
and AI applications. 
September 2019 
ASUS 1P & 2P servers made 246 world records in the standard test under SPEC 
(Standard Performance Evaluation Corporation). 
September 2019 
Mr. Jonney Shih, the ASUS Chairman led team members to New Delhi for the 
grand announcement of our latest gaming mobile phone “ROG Phone II” and its 
exclusive all-around expansion kit. 
September 2019 
The ASUS “RS500A-E10-12U” server proudly ranked 1st under numerous AMD 
platform tests. 
September 2019 
ASUS obtained 4 Good Design awards in Japan. 
October 2019 
Official commercial operation of Taiwan’s first national AI cloud computing 
platform- “TWCC AI Cloud” constructed by the National Center for High-
Performance Computing together with ASUS, Quanta and Taiwan Mobile for 
investing in top-tier server, cloud and AI technology application.

24
October 2019 
Mr. Jonney Shih, the ASUS Chairman personally visited Brazil for the 
announcement of our latest ZenFone 6 and ROG Phone II. 
October 2019 
ASUS was listed among top 20 global brands in Taiwan for 7 consecutive years. 
October 2019 
Official launch of the new ASUS ProArt creator series in Taiwan. 
November 2019 
The world’s first ROG Zephyrus S with display at a renewing rate of 300Hz 
underwent premier sale in Taiwan. 
November 2019 
ASUS honored with 11 CES 2020 Innovation Awards. 
November 2019 
Official commencement of ASUS headquarter “LiGong Building” that received 
LEED v4 BD+C (new building category) platinum certificate from USGBC (US 
Green Building Council). 
November 2019 
ASUS won 13 Taiwan Excellence Awards and the ASUS ZenBeam S2 portable 
projector won a Silver Award. 
November 2019 
ASUS received 9 Global and Taiwan Corporate Sustainability Awards. Among 
them, Mr. Jonney Shih, the ASUS Chairman received the GCSA Excellence 
Award. 
December 2019 
ASUS received the world’s first performance appraisal certificate as per ISO 
20400- Sustainable Procurement Guidance from SGS. 
December 2019 
ASUS Cloud and AI R&D Center stationed in Tainan to build intelligent city with 
the Government. 
 
 
 
January 2020 
In CES 2020, ASUS announced innovative new products in fashion, commercial 
and gaming series, covering numerous laptop computers, motherboards, desktop 
computers, monitors, routers and AIoT appliances. 
January 2020 
In CES 2020, ROG announced whole new series of innovative gaming products 
including 14-inch ultra slim gaming laptop computer ROG Zephyrus G14 boasting 
with most powerful computing capacity in the world, as well as gaming peripherals 
over ROG Swift 360Hz and ROG Swift PG32UQX monitors, ROG Pugio II and 
ROG Strix Impact II Wireless mouses, as well as ROG Z11 ITX case. 
January 2020 
From January to November 2019, ASUS stood solid as head of macro and regional 
markets over the EMEA (Europe Middle East and Africa) area. For November in 
particular, we even secured a landslide leading position with almost 50% of market 
share in the UK, Hungary, and Finland. 
January 2020 
For the fifth time, ASUS was listed among the world’s most admired companies 
by Fortune Magazine. 
January 2020 
The world’s fastest gaming monitor, ASUS TUF Gaming VG279QM at 280Hz 
launched in Taiwan. 
February 2020 
ASUS received 13 iF design awards including the 5 top design awards, namely the 
BEST OF Taiwan, TOP 3 Computer, TOP 10 Asia, TOP 10 Companies and TOP 
10 Inhouse Design Teams. 
February 2020 
ASUS has been a sales champion in Taiwan for 17 consecutive years in laptop and 
desktop computers. 
March 2020 
ASUS ranked as 1st in Taiwanese market share for 16 seasons over gaming laptop 
computers, where we stood solid as a leading gaming brand. 
March 2020 
ASUS cooperated with the Taoyuan General Hospital by applying ASUS ZenFone 
Max Pro and ASUS VivoWatch into the fight against coronavirus pandemic. 
Furthermore, the remote conference kit and work-from-home solutions were 
introduced, where the strength of technology built a solid shield for pandemic 
prevention. 
March 2020 
ASUS has been a sales champion in Taiwan for 15 consecutive years in laptop 
computers. 
March 2020 
ASUS servers made 578 world records, the best results ever in SPEC (Standard 
Performance Evaluation Corporation) standard test. The quantity of our champion 
items were way ahead of competitors by 30%, which secured us as the leading 
brand in the server system and its motherboard, as well as workstation and its 
motherboard.

25
March 2020 
The world’s first 43-inch DSC gaming monitor ROG Swift PG43UQ launched in 
Taiwan. 
April 2020 
ASUS received 26 Red Dot design awards in 2020 in Germany. The number of 
awards set a new record. 
May 2020 
With outstanding results in smart prevention of pandemic, ASUS Taoyuan 
Hospital joined hands for the second time to establish a smart medical care 
laboratory. 
May 2020 
AICS and National Yang-Ming University jointly promoted the “ASUS - Yang-
Ming Program” industry-academia collaboration R&D center. 
May 2020 
ASUS business notebooks and desktop computers were the 2019 annual sales 
champions. 
May 2020 
ASUS Z490 chipset motherboard debuted, and ProArt series motherboards were 
introduced for the first time. 
June 2020 
Welcoming the new digital era, the ASUS AIoT team built all-new smart 
manufacturing solutions to promote rapid transformation of industries. 
June 2020 
ASUS obtained the ISO 27001 Information security management certification to 
reinforce information security of operations. 
June 2020 
Cheng Hsin General Hospital and AICS collaborated to develop a medical care 
smart platform. 
June 2020 
ASUS continued to be listed as one of the “constituents of the Taiwan 
Sustainability Index”, and promote it’s pandemic-fighting actions. 
June 2020 
ROG formed a collaboration with DJ “Alan Walker”. 
July 2020 
The world’s quickest 240Hz portable gaming monitoring ROG Strix XG17AHP 
debuted. 
July 2020 
ASUS AIoT team collaborated with Axiomtek and Chin Fong Machine to create 
smart stamping defect detection solutions. 
July 2020 
ROG announced the ROG Phone 3 and its full lineup of peripherals. 
July 2020 
ASUS conveyed the brand philosophy and spirit of ProArt, committing hardware 
and software resources worth millions to help nurture young creators, and helping 
the bereaved children to bravely pursue their dreams. 
August 2020 
ASUS released ASUS VivoWatch SP and smart medical care solutions to add 
value to its segments of health management and smart medical care. 
August 2020 
ASUS and Show Chwan Memorial Hospital jointly established an AI medical 
innovation center to promote digital transformation of Taiwan’s medical services. 
August 2020 
The latest 5G flagship smartphone ASUS ZenFone 7/7 Pro debuted globally. 
August 2020 
ASUS and Changhua Christian Hospital joined hands to plan for smart medical 
care. 
September 2020 
ROG Meta Buffs conference introduced a new generation of gaming gear to take 
gaming experience to another level. 
September 2020 
ASUS announced the 11th generation Intel Core processor PCs, and the first laptop 
to obtain the Intel Evo platform design verification. 
September 2020 
ROG launched the co-branded “ROG Zephyrus G14-ACRNM Limited Edition” 
with ACRONYM®. 
September 2020 
ASUS was selected by the “LAPTOP Magazine” as the “Best Global Laptop Brand 
of the Year.” 
October 2020 
ASUS and its ROG won 15 awards in the Japan’s Good Design Award 
competition. 
October 2020 
Show Chwan Memorial Hospital introduced the use of ASUS VivoWatch for 
advanced health check. 
October 2020 
ASUS announced the “Carotid artery ultrasonic image AI analysis system.” 
October 2020 
Propelled by the Golden Triangle strategy, the 2020 Q3 PC shipments had a year-
over-year increase of 45%. 
November 2020 
ASUS LCD monitors ranked #1 in market share in Japan. 
November 2020 
ASUS, Kaohsiung Medical University Hospital and ACT Genomics joined hands 
to provide AI precision cancer treatment. 
November 2020 
ASUS teamed up with NTU’s Center for Artificial Intelligence and Advanced 
Robotics. 
November 2020 
ASUS servers ranked #1 in 683 categories of SPEC performance.

26
November 2020 
19 consecutive years of dominance, ASUS again won 27 kinds of awards in the 
Taiwan Excellence Award competition this year. 
December 2020 
ASUS won 16 categories of awards in the CES 2021 Innovation Awards. 
 
 
January 2021 
ASUS held its Be Ahead product launch conference at the CES 2021. 
January 2021 
ASUS and Chung Shan Medical University Hospital AI medical care applications 
won the National Innovation Award, jointly promoting the “Inter-hospital Process 
Sharing” practice to protect patent privacy. 
February 2021 
ASUS and National Yang-Ming University signed an AI forward-looking plan to 
accelerate the development of innovative diagnosis and treatment of lung cancer, 
dementia and mental illness. 
February 2021 
ASUS gaming notebooks ranked #1 in 2020 market share.  The entire lineup is 
equipped with RTX 30 graphics cards, taking the performance of ROG/ASUS TUF 
to another level. 
February 2021 
For the sixth time, ASUS was listed among the world’s most admired companies 
by Fortune Magazine. 
February 2021 
ASUS home laptops and desktop computers were the best sellers in Taiwan for 18 
and 11 consecutive years, respectively. 
February 2021 
ASUS business laptops and desktop computers were the top sellers in 2020. 
February 2021 
ASUS recognized as one of the top 100 global innovation institutions in 2021. 
March 2021 
ASUS released the world’s best gaming mobile phone ROG Phone 5. 
March 2021 
ASUS obtained the ISO27001 certification and HIPAA Assessment, setting new 
benchmarks for medical information security. 
April 2021 
New weapon in telecare - ASUS and Intel jointly launched a smart medical care 
mobile vehicle. 
April 2021 
New height in number of awards won. ASUS won 37 prizes in the Red Dot Design 
Award of Germany. 
April 2021 
Exciting innovation! ASUS won 15 prizes in the iF Product Design Award and 7 
top design benchmarks. 
April 2021 
ASUS announced that by 2035, 100% of its global operations will use renewable 
energy. 
May 2021 
At Computex 2021, ASUS wins 11 awards with its outstanding innovation and 
design capacity, becoming the brand with the most awards in the event. 
May 2021 
Worldwide release of ASUS Zenfone 8 5G flagship smartphones. 
July 2021 
ASUS teams up with Olive, an American healthcare startup unicorn, to relieve the 
burden on 775 hospitals across the United States. 
July 2021 
ASUS Smart Healthcare introduces its early lung cancer medical image smart 
interpretation system, the first deep-learning open-source software tool available 
for free download, to facilitate industry-academic collaboration in the medical field 
and in teaching and clinical applications. 
August 2021 
ASUS and NTUH Hsin-Chu Branch signs a memorandum of collaboration to 
launch the use of voice medical records. 
August 2021 
Chairman Jonney Shih serves as the chairman of the ninth batch of the board of 
the Taiwan Business Council for Sustainable Development, further accelerating 
the integration of Taiwanese companies with the International Sustainability 
Standard. 
August 2021 
ASUS and Fortune Electric Value Co., Ltd. jointly develop AI license-plate 
recognition DC charging stations. 
September 2021 
ASUS AIoT team launches smart detection solutions to promote rapid 
transformation of industries. 
September 2021 
ASUS wins five 2021 Red Dot Awards for Brands and Communication Design, in 
the Digital Solutions, Corporate Brand Design and Identity, Film and Animation, 
Packaging Design, and Interface and User Experience categories. 
September 2021 
ASUS and Chung Shan Medical University Hospital jointly introduce a smart 
health management app to improve patient experience with AI and mobile services.

27
September 2021 
ASUS and Show Chwan Hospital jointly release a nursing form voice recognition 
system. 
September 2021 
ASUS accounts for 64% of laptop computers using Microsoft operating systems in 
September in Taiwan. 
October 2021 
Esports enters the National Games for the first time! ASUS Republic of Gamers 
(ROG) becomes the exclusive official hardware brand. 
October 2021 
ASUS and leaders in the medical field jointly announce five smart medical care 
achievements: a medical information system smart platform; a medical big data 
platform; a smart medication safety system; a smart coding and medical decision-
making management; and a personalized smart heath management platform, to 
lead the digital transformation of medical care. 
November 2021 
The Q3 2021 sales of ASUS gaming laptops place the company as the champion 
of the category for 23 consecutive quarters. The September market share was about 
2.4 times that of the second-placed manufacturer! 
November 2021 
ASUS Foundation, Chunghwa Post and Chunghwa Telecom jointly hold a 
donation ceremony entitled Computer Recycling to Protect Wellness of Remote 
Areas to reduce the digital divide. 
November 2021 
ASUS and ROG won 15 awards in the Japan's Good Design Award competition. 
November 2021 
ASUS and Tainan City Government create an urban dynamic images AI sensor 
platform to establish a new application standard for smart city governance. 
November 2021 
ASUS and ROG win 13 prizes in the Taiwan Excellence Award event. The ROG 
Phone 5 Ultimate/Pro gaming phone won the silver medal award. 
November 2021 
ASUS Foundation, World Vision Taiwan and HSBC Bank jointly promote the 
public Cultivating Digital Education welfare project in Taiwan's Remote Areas, 
and donate recycled computers. 
December 2021 
ASUS is ranked as the most valuable international brand in Taiwan for the eighth 
time. 
December 2021 
ASUS tops the list of the Best Taiwan Global Brands Award in 2021, with a brand 
value of US$1.871 billion. 
December 2021 
ASUS Foundation won the Social Education Contribution Award. 
December 2021 
ProArt Studiobook 16/Pro 16, a creator laptop from ASUS, won the highest honor 
of the Golden Pin Design Award, Best Design of the Year. 
 
 
 
January 2022 
ASUS and Taipei Veterans General Hospital sign a memorandum of understanding 
for smart medical care to jointly develop AI medical services and build a smart 
hospital. 
January 2022 
ASUS collaborates with Taipei Municipal Guandu Hospital to construct a cloud 
medical information system. 
January 2022 
ASUS breaks its own record to win 20 innovation awards at CES® 2022 in the 
United States. 
January 2022 
ASUS Smart Healthcare is recognized by the National Biotechnology and Medical 
Care Quality Award for its handheld ultrasonic medical solutions and AI 
endoscopic lesion detection system, winning the Symbol of National Quality. 
February 2022 
ASUS is selected as one of the World’s Most Admired Companies in Fortune 
magazine for the seventh time. 
March 2022 
ASUS laptop computers continue to be the leader in terms of market share in 2021, 
and have been the champion in sales in Taiwan for 19 consecutive years. 
March 2022 
ASUS collaborates with National Health Research Institutes and NVIDIA® to 
build Taiwan's first AI supercomputer dedicated to biomedical applications, 
accelerating the development of AI applications in Taiwan's biomedical industry. 
April 2022 
ASUS wins 39 prizes in various categories in the Red Dot Design Award of 
Germany, again setting its own record in the number of awards won.

28
III. Corporate governance report 
 
I. Corporate Organization 
(I) Organization Chart 
 
Effective date: 2021.12.31

29
 (II) Department Function Description 
 
CEO 
Plan and manage the Company’s strategies, draft up operating objectives, direct and supervise 
the operation of business units. 
Audit Office 
Audit the Company’s system and the enforcement of internal regulations, procedures, and 
authorization with corrective actions offered. 
Stock Affairs Office 
Responsible for managing the Company and its subsidiaries’ stock affairs; also arrange and 
execute the shareholders' meetings, the board meetings and functional committee and related 
matters.   
Labor Safety & Health Office 
Conduct occupational health and safety management through the Plan-Do-Check-Act Cycle. 
Systems Business Group 
Responsible for managing the R&D and operation of system related product lines. 
Open Platform Business Group 
Responsible for managing the R&D and operation of component related product lines. 
Artificial Intelligence & Internet of Things Business Group 
Responsible for managing the R&D and operation of component related product lines. 
R&D Center, Advanced EM & Wireless Communication R&D Center, Open Cloud 
Infrastructure Software Center, Intelligent Cloud Services Center, Advanced Communication 
Technology Research Center, ASUS Open Cloud Computing Div and ASUS Design Center 
Develop the common R&D technology need by business units. 
Sustainability & Green Quality Management Div 
Integrate green environment, social charity, and international enterprise ongoing protocol to 
construct the core competence of an enterprise for long-lasting business operation. 
Integrate overall and companywide product R&D and customer service; also, offer suggestions 
and guidance for process improvement and establishment in order to upgrade product quality. 
Customer Service Care Headquarters 
Provide customers with comprehensive service and total solutions. 
Digital Security Div 
Responsible for promote and implement information security and product security, to support 
business the basis of security. 
Corporate Communications Division 
Responsible for executive communication, corporate vision development and global PR 
management. 
Enterprise Intelligence Data Development Center 
Plan and implement IT infrastructure to support business strategy and growth. 
Human Resources Division 
Responsible for global talent management and managing employee satisfaction. 
Administration Management Center, Legal Affairs Center, Accounting Div and Finance Div 
Arrange the planning and enforcement of the Company’s finance, accounting, regulatory, 
administration, and public works.

30
II. Directors, President, Vice President, Junior VP, and Department Heads 
1. Directors 
Title 
Nationality/ 
Country of 
Origin 
Name 
Gender 
& 
Age 
Date 
Elected 
 
Term 
(Years) 
Date First 
Elected 
Shareholding 
When Elected 
Base Date: April 10, 2022 
Experience (Education) 
Other 
Position 
Executives, Directors or Supervisors 
who are spouses or within two degrees 
of kinship 
Current 
Shareholding 
Spouse & Minor 
Shareholding 
Shareholding 
by Nominee 
Arrangement 
Shares 
% 
Shares 
% 
Shares 
% 
Shares 
% 
Title 
Name 
Relation 
Chairman 
R.O.C. 
Jonney 
Shih 
Male 
61-70 
2019.06 
3 
1994.05 
30,093,638 4.05 30,093,638 4.05 
0 
0 
0 
0 MBA of National Chiao Tung University 
Business Division’s President of ACER 
Note 1 
Director  
Jonathan 
Tsang,  
2nd 
consanguinity 
Vice 
Chairman 
R.O.C. 
Ted Hsu 
Male 
51-60 
2019.06 
3 
1993.06 
7,346,683 0.99 
7,346,683 0.99 1,950,924 0.26 
0 
0 EMBA, National Chiao Tung University 
Vice President of Pegatron 
Note 2 
None 
None 
None 
Director 
R.O.C. 
Jonathan 
Tsang 
Male 
61-70 
2019.06 
3 
1999.04 
1,423,093 0.19 
1,423,093 0.19 
0 
0 
0 
0 
MBA of Houston University 
Chairman of TAICS 
Chairman of ASGL 
Note 3 
Chairman 
Jonney 
Shih  
2nd 
consanguinity 
Director 
R.O.C. 
S.Y. Hsu 
Male 
51-60 
2019.06 
3 
2011.06 
107,019 0.01 
107,019 0.01 
8,233 0.00 
0 
0 EMBA of National Chengchi University 
Engineer of Won-Chuan Co. Ltd. 
Note 4 
None 
None 
None 
Director 
R.O.C. 
Samson Hu Male 
51-60 
2019.06 
3 
2012.06 
100,592 0.01 
100,592 0.01 
0 
0 
0 
0 
Institute of Computer Science, National Chiao Tung 
University  
Junior V.P. of Acer 
Note 5 
None 
None 
None 
Director 
R.O.C. 
Eric Chen 
Male 
51-60 
2019.06 
3 
2008.06 
157,527 0.02 
157,527 0.02 
12,275 0.00 
0 
0 Department Of Mathematics, Tamkang University  
Corporate Vice President of ASGL 
None 
None 
None 
None 
Director 
R.O.C. 
Joe Hsieh 
Male 
51-60 
2019.06 
3 
2011.06 
0 0.00 
0 0.00 
805 0.00 
0 
0 
Computer Engineering, Boston University 
EMBA of National Taiwan University 
Engineer of ASUS (USA) 
Note 6 
None 
None 
None 
Director 
R.O.C. 
Jackie Hsu 
Male 
51-60 
2019.06 
3 
2016.07 
20,353 0.01 
21,000 0.01 
0 
0 
0 
0 
M.S. in Information Management, National 
Chengchi University 
Corporate Vice President of ASGL 
Note 7 
None 
None 
None 
Director 
R.O.C. 
Jerry Shen 
Male 
61-70 
2019.06 
3 
2002.05 
3,370,309 0.45 
1,741,309 0.23 
19,313 0.00 
0 
0 
Electrical Engineering Graduate Institute, National 
Taiwan University 
General Manager of ACER / Chief Executive 
Officer, ASUS 
Note 8 
None 
None 
None 
Director 
R.O.C. 
Tze-Kaing 
Yang 
Male 
61-70 
2019.06 
3 
2016.07 
0 0.00 
0 0.00 
0 
0 
0 
0 
Ph.D of Business Management, National Cheng Chi 
University 
Political Deputy Minister, the Ministry of Finance, 
R.O.C. 
Note 9 
None 
None 
None

31
Title 
Nationality/ 
Country of 
Origin 
Name 
Gender 
& 
Age 
Date 
Elected 
 
Term 
(Years) 
Date First 
Elected 
Shareholding 
When Elected 
Base Date: April 10, 2022 
Experience (Education) 
Other 
Position 
Executives, Directors or Supervisors 
who are spouses or within two degrees 
of kinship 
Shares 
% 
Current 
Shareholding 
Spouse & Minor 
Shareholding 
Shareholding 
by Nominee 
Arrangement 
Shares 
% 
Shares 
% 
Shares 
% 
Title 
Name 
Relation 
Independent 
Director 
R.O.C. 
Chung-Hou 
Tai 
Male 
71-80 
2019.06 
3 
2016.07 
36,459 0.01 
36,459 0.01 
0 
0 
0 
0 
M.S. in Management Sciences , Tamkang 
University 
Co-founder of Acer 
Note 10 
None 
None 
None 
Independent 
Director 
R.O.C. 
Ming-Yu 
Lee 
Male 
61-70 
2019.06 
3 
2016.07 
0 0.00 
0 0.00 
0 
0 
0 
0 M.S. in Accounting, National Chengchi University 
Accountant of ROC 
Note 11 
None 
None 
None 
Independent 
Director 
R.O.C. 
Chun-An 
Sheu 
Male 
71-80 
2019.06 
3 
2016.07 
0 0.00 
0 0.00 
0 
0 
0 
0 
MBA , Rider University (USA) 
National Tax Administration of Soutern Taiwan 
Province,Ministry of Finance 
Note 12 
None 
None 
None 
Note 1: Chairman of the following companies: Hua-Cheng Venture Capital Corp., Hua-Min Investment Co., Ltd., ASUSTOR INC., ASUS INTERNATIONAL LIMITED, CHANNEL PILOT LIMITED, and NEXT SYSTEM LIMITED. 
Director of the following companies: ASKEY, SHINEWAVE INTERNATIONAL INC., ASUS TECHNOLOGY INCORPORATION, AAEON TECHNOLOGY INC., iMotion Group Inc., GAIUS HOLDINGS LIMITED, 
Youngmen Computer Co., Ltd., TeYang Tech Inc., Ming-Chun Computer(*) and eCrowd Media, Inc. 
Note 2: Chairman of eBizprise Inc. and Director of ASMEDIA TECHNOLOGY INC., EUSOL Biotech Co., Ltd., iMotion Group Inc. and Medus Technology Inc.. 
Note 3: Chairman of the following companies: ASUS TECHNOLOGY PTE. LIMITED and ASUS GLOBAL PTE. LTD. 
Director of the following companies: UNIMAX ELECTRONICS INC., AAEON TECHNOLOGY INC., Hua-Cheng Venture Capital Corp., Hua-Min Investment Co., Ltd., and KARTIGEN BIOMEDICINE INC. 
Note 4: Chairman of UPI Semiconductor Corp.; Director of the following companies: AAEON TECHNOLOGY INC., Hua-Cheng Venture Capital Corp., APAQ TECHNOLOGY CO., LTD. and ASUS COMPUTER 
INTERNATIONAL. 
Note 5: Chairman of JOTECH LTD. 
Director of ASUS CLOUD CORPORATION, ASUS TECHNOLOGY INCORPORATION, Hua-Min Investment Co., Ltd., ASKEY, ASUS COMPUTER INTERNATIONAL and TAIWAN WEB SERVICE CORP. 
Note 6: Director of the following companies: ASUS LIFE CORPORATION, PORTWELL INC., ASUS Technology (Suzhou) Co. Ltd., ASUS COMPUTER INTERNATIONAL, GOING CHAMPION ENTERPRISE CO., LTD., 
NATIONAL FIBER TECHNOLOGY(*) and Shine Mao Invest Inc. 
Chairman of the following companies: ASUS CLOUD CORPORATION, Advanced Cloud Technology, KUO-CHENG ENTERPRISE CO., LTD.(*), SHUN-MAO INVESTMENT(*) and ASUS Technology Licensing Inc.. 
Note 7: Director of PORTWELL INC. and ASUS AUSTRALIA PTY LIMITED. 
Note 8: Chairman of the following companies: iMotion Group Inc., i-Waylink Inc., ASMEDIA TECHNOLOGY INC. and INTERNATIONAL UNITED TECHNOLOGY CO., LTD. 
       Director of the following companies: PORTWELL INC., POSIFLEX TECHNOLOGY INC., Embedded City Taiwan Limited and Enrich Investment Inc. 
Note 9: Director of the following companies: Huiyang Private Equity Fund Co., Ltd, CHIEN KUO CONSTRUCTION CO., LTD., Airiti Inc., Pegatron Corporation and TTY BIOPHARM COMPANY LIMITED. 
Chairman of Yangtze Associates. 
Note 10: Chairman of the following companies: InveStar Corporation and DIGITIMES. 
Director of the following companies: Fullerton, WAFER WORKS CORPORATION, Chief Telecom Inc., Lumens Digital Optics Inc., GTTW, 21ViaNet Group, Inc., and WAFER WORKS. 
Independent Director of NEW RICH DESIGN. 
Note 11: Independent Director of KINSUS INTERCONNECT TECHNOLOGY CORP.；Supervisor of Arphic Technology co., LTD.

32
Note 12: Independent Director of TA CHEN INTERNATIONAL, INC. and TA CHEN STAINLESS PIPE COMPANY LIMITED. 
Note 13: Since the tenure of the Vice Chairman Ted Hsu had been suspended 8 years from the 2008 to 2016, the average tenure of the Board of Directors is 12.92 years. 
Note 14: The shareholdings stated in the table exclude trust shareholdings that are with the “rights to use” reserved. 
Note 15: Chairman and General Manager or equivalent positions of the Company not served by the same individual, nor are they spouses or first-degree kinship to each other. 
Note 16: (*) Standards for the English transliteration of company’s name or individual’s name. 
 
2. Education and training of directors 
Title 
Name 
Date 
Sponsor 
Course Title 
Hours 
Chairman 
Jonney Shih 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Vice 
Chairman 
Ted Hsu 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Director 
Jonathan Tsang 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Director 
S.Y. Hsu 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3

33
Title 
Name 
Date 
Sponsor 
Course Title 
Hours 
Director 
Samson Hu 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Director 
Eric Chen 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Director 
Joe Hsieh 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Director 
Jackie Hsu 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Director 
Jerry Shen 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Director 
Tze-Kaing Yang 
Sep 16, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise sustainable development -- 
Environmental protection and regulatory 
compliance management 
3 
Nov 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Understand related party transactions, irregular 
transactions and insider trading from practical cases 
3

34
 
Title 
Name 
Date 
Sponsor 
Course Title 
Hours 
Independent 
Director 
Chung-Hou Tai 
Oct 27, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Understand related party transactions and irregular 
transactions from practical cases 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Independent 
Director 
Ming-Yu Lee 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Oct 28, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of practical cases of ethical management, 
CSR and ESG 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3 
Independent 
Director 
Chun-An Sheu 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- On emergency 
response and recovery from the perspective of 
ransomware. 
3 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures and trends at 
home and abroad 
3

35
3. Directors’ Professional Qualifications and Independent Directors’ Independence Status 
    Criteria 
 
 Name 
Title 
Professional Qualification and Experience 
(Note 1) 
Independence 
Status 
(Note 2) 
Total number 
of positions 
serving as 
Independent 
Director for 
the other 
Public 
Companies 
Jonney Shih 
Director 
He has served as the chairman of ASUSTek Computer since 1993, leading 
the Company's strong growth over 30 years of rapid changes and challenges 
in the industry. Under his leadership, ASUS has become the world's largest 
motherboard brand and a top-three consumer notebook computer brand. He 
possesses the necessary experience in industrial operations, technological 
research and development and corporate business. 
The employee 
of ASUS 
0 
Ted Hsu 
Director 
Since the early days of ASUS, he has held various managerial positions 
within the Company, overseeing R&D, supply chain management and 
production processes, and is an all-round management talent. He has 
profound professional capabilities in research and development of both 
software and hardware. His keen observation and outstanding insights enable 
him to clarify the root cause and make the best judgment often at critical 
moments in complex situations and problems, further making ASUS a 
leading brand in Taiwan's IT industry. He possesses the necessary experience 
in industrial operations, technological research and development and 
corporate business. 
The employee 
of ASUS 
0 
Jonathan 
Tsang 
Director 
He joined the ASUS management team in 1997. He has always encouraged 
the team to begin with the end in mind and empathize with others and grasp 
the strategic turning points of the new generation IoT from the perspective 
of user scenario to commit to the development of forward-looking 
technologies in the fields of communication, cloud computing, smart home 
and smart city. He hopes that the Company can be a trend setter to open new 
opportunities during the era of paradigm shift. He possess the necessary 
experience in industrial operations, marketing management and corporate 
business. 
The employee 
of ASUS 
0 
S.Y. Hsu 
Director 
He joined ASUS in 1993 and led the team to develop the EeePC, which was 
hailed as a sustainability innovation by Harvard Business Review. He has 
prepared ahead for the benchmark of the people-oriented 'design thinking' 
and the R&D team under his leadership has thoroughly realized the ASUS 
culture based on consumer needs. In addition to pursuing innovation, he also 
values sustainable operations, and the team under his leadership has 
continuously strengthened green competitive advantages of products. He is 
currently focusing on the creation of new business models, and introducing 
startup creativity to build new ecosystems for the corporate group. He 
possesses the necessary experience in industrial operations, technological 
research and development and corporate business. 
The employee 
of ASUS 
0 
Samson Hu 
Director 
Since joining ASUS in 2001, he has led the team to develop many product 
projects using 'design thinking', and introduced the concept of 'User-
Centered' into the innovation process to provide an unparalleled user 
experience. The most significant breakthrough was the Transformer Pad, 
which opened the new trend of mobile computing with 2-in-1 computers. He 
also has extended the concept of 'User-Centered' to the field of ASUS 
customer service, committed to bringing attentive services to consumers 
around the world. In recent years, he has also strengthened the Company's 
efforts in environmental, social and governance (ESG) related fields, such as 
joining RE100. He possesses the necessary experience in industrial 
operations, technological research and development and corporate business. 
The employee 
of ASUS 
0

36
Eric Chen 
Director 
Since joining ASUS in 1994, he has accumulated extensive professional 
knowledge in brand development, marketing, global sales, new market 
planning and operations. He has successfully incorporated user and customer 
insights into the feedback loop which has helped ASUS become a global 
technology leader. He possess the necessary experience in industrial 
operations, marketing management and corporate business. 
The employee 
of ASUS 
0 
Joe Hsieh 
Director 
Since joining ASUS in 1991, he has led the motherboard team to develop 
multiple product lines and actively developed new products such as the 
Republic of Gamers high-end series and AiO PCs, successfully taking ASUS 
to a global leadership position. He is now committed to providing integrated 
and innovative solutions for the new digital generation, integrating 
innovative services in the field of cloud computing, IoT and AI to the core 
of big data to develop remote medical care devices, medical voice assistance 
systems, healthcare wearable devices, elderly care and other smart Solutions. 
He possess the necessary experience in industrial operations, marketing 
management and corporate business. 
The employee 
of ASUS 
0 
Jackie Hsu 
Director 
Since joining 1996, he has led the continuous innovation of open platforms 
and AIoT business groups. During his tenure in major markets such as the 
United States and China, he applied his deep market insights and the ASUS 
'User-Centered' business philosophy to create many dazzling achievements 
for the brand. He possess the necessary experience in industrial operations, 
marketing management and corporate business. 
The employee 
of ASUS 
0 
Jerry Shen 
Director 
He holds a master's degree from the Graduate Institute of Electrical 
Engineering of National Taiwan University. He had served as the manager 
of the R&D Department at Acer Computer. 
He joined ASUSTeK Computer in 1994, and served as the CEO from 2008 
to 2018. He has led teams to adhere to the brand philosophy of 'Find Your 
Zen' and implement the 'User-Centered' design principle to create many 
amazing products and services. He is currently the chairman of ASMedia 
Technology and International United Technology. Facing the rapidly 
emerging IoT market, he established iMotion in 2019 to actively engage in 
cross-industry integration. He has strategically planned the 'ABC' (AI, Big 
Data, Cloud Computing) to develop comprehensive solutions to build an 
easy, convenient and seamless smart daily life for consumers. He possesses 
the necessary experience in industrial operations, technological research and 
development and corporate business. 
Not an 
employee of the 
Company or 
any of its 
subsidiaries 
0 
Tze-Kaing 
Yang 
Director 
He holds a doctoral degree from the Department of Business Administration 
of National Chengchi University. He had served as the president of China 
Development Industrial Bank, a policy advisor of the Executive Yuan, 
executive secretary of the National Development Fund of Taiwan, Political 
Deputy Minister of the Ministry of Finance, acting chairman of the Bank of 
Taiwan and other key roles, specializing in the fields of finance and 
economics. He has taught at National Chengchi University and National 
Chiao Tung University. He possesses the necessary experience in industrial 
operations, finance and corporate business. 
Not an 
employee of the 
Company or 
any of its 
subsidiaries 
0 
Chung-
HouTai 
Independent 
Director 
He is an independent director of the Company, concurrently serves as the 
convener of the audit committee and a member of the remuneration 
committee. He was also a co-founder of Acer Computer and served as the 
chairman of Chief Telecom and Richtek Technology and is now the 
chairman of InveStar Capital and DigiTimes. He has won the Feng-Zhang 
Lu Memorial Medal, 1988 National Ten Outstanding Young Persons, 
Excellent Businessman Medal and other awards. He possesses the necessary 
experience in industrial operations, technological research and development 
and corporate business. 
Meets the 
independence 
criteria 
specified in the 
Regulations 
Governing 
Appointment of 
Independent 
Directors and 
Compliance 
Matters for 
Public 
1

37
Companies two 
years before 
being elected 
and during the 
term of office. 
Ming-Yu 
Lee 
Independent 
Director 
He is an independent director of the Company, concurrently serving as the 
convener of the remuneration committee and a member of the audit 
committee. He has a CPA license in Taiwan. He has worked in Ernst & 
Young Taiwan and has served as an associate professor of the Accounting 
Department at National Chengchi University and a member of the Standards 
Committee of the Internal Audit Association. He has taught at National 
Chengchi University, specializing in financial statement auditing and 
validation and tax planning. He possess the professional knowledge in 
auditing, accounting, taxation, etc. and the experience required by the 
Company's business operation. 
Meets the 
independence 
criteria 
specified in the 
Regulations 
Governing 
Appointment of 
Independent 
Directors and 
Compliance 
Matters for 
Public 
Companies two 
years before 
being elected 
and during the 
term of office. 
1 
Chun-An 
Sheu 
Independent 
Director 
He is an independent director of the Company, con-currently serving as a 
member of the remuneration committee and the audit committee. He has 
served as the director of National Taxation Bureau of the Southern Area 
under the Ministry of Finance, deputy director-general of the Taxation 
Administration under the Ministry of Finance and the director-general of the 
National Taxation Bureau of Taipei, and has extension experience in 
taxation. He has taught at Soochow University and Hungkuo Delin 
University of Technology, specializing in the tax law of the Republic of 
China. He possess the professional knowledge in accounting, taxation, etc. 
and the experience required by the Company's business operation. 
Meets the 
independence 
criteria 
specified in the 
Regulations 
Governing 
Appointment of 
Independent 
Directors and 
Compliance 
Matters for 
Public 
Companies two 
years before 
being elected 
and during the 
term of office. 
2 
Note 1: None of the directors has been in any of the circumstances listed in Article 30 of the Company 
Act. 
Note 2: None of the directors has been a governmental, juridical person or its representative as defined in 
Article 27 of the Company Act. 
 
4. Board diversity and independence 
(1) Diversity of the board 
The Company's diversity policy is based on Article 20 of the Corporate Governance Best Practice 
Principles, which formulates that the composition of the board should take into consideration of 
diversity, and supports the Company's operations, business types and development needs. It should 
include and is not limited to the standards of the following two aspects: 
a. Background and value: Gender, age, nationality, culture etc. 
b. Knowledge and skills: Career background (e.g., law, accounting, industry, finance, marketing or 
technology), professional skill and industry experience. 
In terms of specific management objectives, the Company's board guides the Company's strategy and

38
supervises the management, and is responsible to the Company and shareholders. In terms of the 
operation and arrangement of the corporate governance system, the board exercises its powers in 
accordance with laws and regulations, the Articles of Incorporation or the resolutions of the 
shareholder meetings. All board members shall possess the knowledge, skills and characters needed to 
exercise their duties. 
In terms of the achievement of diversity, the board currently has a total of 13 members, all of whom 
have professional knowledge and skills. The directors have skills covering management of industry, 
technology research and development, marketing management, finance, accounting and taxation and 
the details are as follows: The Board of directors as a whole has been equipped with various capacities 
required for duty execution. The Company also pays attention to the independence and gender 
equality of the composition of the board of directors. The Company has planned to increase the 
number of independent directors in the next election of directors. The number of independent directors 
should not be less than 1/3 of all directors and at least one of them should be female as specific 
objectives for the diversity of the board. 
Diversificati
on 
Item 
 
 
Name 
Gender 
Concurrent 
positions as 
employees 
of the 
Company or 
subsidiaries 
Service term 
of 
independent 
directors 
Professional knowledge and skills 
Industry 
Operating 
Technology 
R&D 
Marketing 
Management 
Finance 
Accounting 
Taxation 
Jonney Shih 
Male 
V 
 
V 
V 
 
 
 
Ted Hsu 
Male 
V 
 
V 
V 
 
 
 
Jonathan 
T
Male 
V 
 
V 
 
V 
 
 
S.Y. Hsu 
Male 
V 
 
V 
V 
 
 
 
Samson Hu 
Male 
V 
 
V 
V 
 
 
 
Eric Chen 
Male 
V 
 
V 
 
V 
 
 
Joe Hsieh 
Male 
V 
 
V 
 
V 
 
 
Jackie Hsu 
Male 
V 
 
V 
 
V 
 
 
Jerry Shen 
Male 
 
 
V 
V 
 
 
 
Tze-Kaing 
Yang 
Male 
 
 
V 
 
 
V 
 
Chung-Hou 
Tai 
Male 
 
6 years 
V 
V 
 
 
 
Ming-Yu Lee 
Male 
 
6 years 
 
 
 
 
V 
Chun-An 
Sheu 
Male 
 
6 years 
 
 
 
 
V 
(2) Independence of the board 
a. The Company’s board of directors has 13 members, of which 3 are independent directors, or 
23.08%. 
b. 38.46% of directors concurrently serve as employees of the Company, 23.07% of them serve as 
employees of subsidiaries and 38.46% of them do not have employee status. 
c. Therefore, there is no violation of the provisions of Paragraph 3 and 4 of Article 26-3 of the 
Securities and Exchange Act. 
 
5. State the name and shareholdings ratio of the directors and supervisors who are an institutional 
shareholder; also, the name and shareholding ratio of the top-ten shareholders: Not applicable 
since the Company’s directors and supervisors are nature persons.

39
 (II) Information of the management                                                                                                
Title 
Nationality/ 
Country of 
Origin 
Gender 
Name 
Date 
Elected 
Base Date: April 10, 2022 
Experience (Education) 
Other 
Position 
Managers who are 
Spouses or Within Two 
Degrees of Kinship 
Shareholding 
Spouse & 
Minor 
Shareholding 
Shareholding 
by Nominee 
Arrangement 
Shares 
% 
Shares 
% 
Shares 
% 
Title Name Relation 
Chief 
Branding 
Officer 
R.O.C. 
Male 
Jonney 
Shih 
Apr 30, 1994 
30,093,638 
4.05 
0 
0 
0 
0 MBA of National Chiao Tung University 
Business Division’s President of ACER 
Reference 
to Director 
Information 
None 
None 
None 
Chief 
Strategy 
Officer 
R.O.C. 
Male 
Ted Hsu 
May 1, 2016 
7,346,683 
0.99 
1,950,924 
0.26 
0 
0 EMBA, National Chiao Tung University 
Vice President of Pegatron 
Reference 
to Director 
Information 
None 
None 
None 
CO-Chief 
Executive 
Officer 
R.O.C. 
Male 
S.Y. Hsu 
Mar 10, 2008 
107,019 
0.01 
8,233 
0.00 
0 
0 EMBA of National Chengchi University 
Engineer of Won-Chuan Co. Ltd. 
Reference 
to Director 
Information 
None 
None 
None 
CO-Chief 
Executive 
Officer 
R.O.C. 
Male 
Samson Hu Sep 10, 2008 
100,592 
0.01 
0 
0 
0 
0 
Institute of Computer Science, National 
Chiao Tung University  
Junior V.P. of Acer  
Reference 
to Director 
Information 
None 
None 
None 
Chief 
Operating 
Officer 
R.O.C. 
Male 
Joe Hsieh Mar 10, 2008 
0 
0.00 
805 
0.00 
0 
0 
Computer Engineering, Boston University 
EMBA of National Taiwan University  
Engineer of ASUS (USA) 
Reference 
to Director 
Information 
None 
None 
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Henry Yeh Sep 10, 2008 
48,781 
0.01 
245 
0.00 
0 
0 
Department of Electrical Engineering, 
National Taiwan University 
V.P. of TwinHead  
Note 1 
None 
None 
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Alex Sun 
Jul 1, 2010 
12,786 
0.00 
1,000 
0.00 
 0 
0 
Ph. D of Electronic Engineering, 
University of Southern California 
Deputy-researcher, Chung-Shan institute of 
Science and Technology 
Note 2 
None 
None 
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Taiyi 
Huang 
Oct 15, 2018 
0 
0.00 
0 
0.00 
0 
0 
Ph. D of Department of Information 
Science (and Engineering), 
University of Illinois at Urbana-Champaign 
Microsoft Principal Group Engineer 
Manager 
None 
None 
None 
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Albert 
Chang 
Nov 1, 2019 
12,000 
0.00 
0 
0.00 
0 
0 
Ph. D of Electrical Engineering, 
National Taiwan University 
Motherboard Business Unit Product R&D 
Center AVP, ASUS 
None 3 
None 
None 
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Tenlong 
Deng 
Nov 1, 2019 
182 
0.00 
0 
0.00 
0 
0 
Master of Communications Engineering, 
National Chiao Tung University 
Senior manager, the Industrial Technology 
Research Institute 
None 
None 
None 
None

40
Corporate 
Vice 
President 
R.O.C. 
Male 
Chih-Peng, 
Wu 
Nov 1, 2019
88,306
0.00
0
0.00
0
0
Department of Electronic Engineering, 
Chun Yuan Christian University 
Multimedia Business Unit AVP, ASUS
Note 4 
None
None
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Kent Chien
Nov 1, 2019
745
0.00
0
0.00
0
0
Master of Business Administration, 
National Cheng Kung University 
Project manager of China Productivity 
Center, ASUS
Note 5 
None
None
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Vincent 
Chiou 
Nov 1, 2019
126
0.00
0
0.00
0
0
Institute of Computer Science,  
National Chiao Tung University  
Display Business Unit AVP, ASUS
None 
None
None
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Benson Lin
Mar 3, 2021
45,039
0.01
0
0.00
0
0 EMBA, National Chiao Tung University 
V.P. of Commercial Computer Unit, ASUS
None 
None
None
None 
Corporate 
Vice 
President 
R.O.C. 
Male 
Rex Lee
Mar 3, 2021
1,308
0.00
477
0.00
0
0
Master of Business Administration, 
National Chengchi University 
V.P. of Personal Computer System 
Division, ASUS
None 
None
None
None 
Chief 
Financial 
Officer 
R.O.C. 
Male 
Nick Wu
Aug 11, 2015
457
0.00
161
0.00
0
0
MBA, Vanderbilt University 
The Deputy Manager of China 
Development Industrial Bank
Note 6 
None
None
None 
Comptroller
R.O.C. 
Female 
Winnie Liu Aug 11, 2015
649
0.00
0
0
0
0
Institute of Accounting, Soochow 
University 
Audit Director of TAIWAN MOBILE
Note 7 
None
None
None 
Corporate 
Governance 
Officer 
R.O.C. 
Female 
Francy Jeng Nov 11, 2020
38,000
0.01
0
0
0
0
Department of Accounting and Statistics, 
Takming University 
Division Director of Stock Affairs Office, 
ASUS
None 8 
None
None
None 
Note 1: Director of Power eXponent, Ltd and ASUS LIFE CORPORATION. 
Note 2: Director of ASUS Technology Licensing. 
Note 3: Director of PORTWELL INC, PORTWELL INC, UPI Semiconductor Corp., DEEP01 LIMITED and LELTEK. 
      The Chairman of SHINEWAVE INTERNATIONAL INC. 
Note 4: Director of UNIMAX ELECTRONICS INC.; Executive director of Quantum Could International Pte. Ltd. 
Note 5: Director of UNIMAX ELECTRONICS INC.; Executive director of QC Serve AB. 
Note 6: Supervisor of the following companies: Hua-Min Investment Co., Ltd., Hua-Cheng Venture Capital Corp., LELTEK and TAIWAN WEB SERVICE CORP. 
Director of ASUS PROPERTIES (VIETNAM) LTD. 
Note 7: Director of Askey Technology (Jiangsu) Limited; Supervisor of ASUS Technology Licensing. 
Note 8: Supervisor of Medus Technology Inc. 
Note 9: The shareholdings stated in the table exclude trust shareholdings that are with the “rights to use” reserved. 
Note 10: The Company did not have stock option issued up to the date of the annual report issued; therefore, the Company’s management did not have stock option shares. 
Note 11: Chairman and General Manager or equivalent positions of the Company not served by the same individual, nor are they spouses or first-degree kinship to each other.

41
Education and training of the management 
Title 
Name 
Training Date 
Sponsor 
Course Title 
Hour 
Start 
End 
Comptroller 
Winnie 
Liu 
Aug 19, 2021 
Aug 20, 2021 
ACCOUNTING RESEARCH AND 
DEVELOPMENT FUNDATION 
Issuer Securities Dealer Accounting 
Supervisor Continuing Education 
Course 
12 
Corporate 
Governance 
Officer 
Francy 
Jeng 
Aug 11, 2021 
Aug 11, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Enterprise-wide digital resilience -- 
On emergency response and 
recovery from the perspective of 
ransomware. 
3 
Oct 7, 2021 
Oct 7, 2021 
Securities and Futures Institute 
Case studies of fraud in enterprise 
financial statements 
3 
Oct 14, 2021 
Oct 14, 2021 
Securities and Futures Institute 
On Legal Risks and 
Countermeasures of Directors and 
Supervisors from the Perspectives 
of Major Enterprise Malpractice 
Cases 
3 
Oct 26, 2021 
Oct 26, 2021 
Securities and Futures Institute 
On Corporate Tax Governance and 
Tax Technology Solutions from the 
Perspectives of ESG Trends and the 
Pandemic Environment 
3 
Nov 10, 2021 
Nov 10, 2021 
TAIWAN CORPORATE 
GOVERNANCE ASSOCIATION 
Analysis of important tax measures 
and trends at home and abroad 
3 
Note: For education and training of managers who are also directors, refer to the “Education and Training of the Directors” on this annual report.

42
 (III) 
Remuneration of Directors, Supervisors, President, and Vice President 
1. Remuneration of Directors                                                                      
Title 
Name 
Director’s Remuneration 
Ratio of Total 
Remuneration 
(A+B+C+D) to 
Net Income (%) 
Remuneration of part-time employees     
Ratio of Total 
Compensation 
(A+B+C+D+E+F+G) 
to Net Income (%) 
Compensation 
Paid to 
Supervisors from 
an Invested 
Company Other 
than the 
Company’s 
Subsidiary 
Base 
Compensation  
(A) 
Severance Pay 
(B) (Note 1) 
Remuneration to 
Directors 
 (C) 
Allowances 
 (D) 
Salary, Bonuses, 
and Allowances 
(E) 
Severance 
Pay (F)  
(Note 2) 
Remuneration to Employee (G) 
From 
ASUS 
Companies 
in the 
financial 
statements 
From 
ASUS 
Companies 
in the 
financial 
statements 
From 
ASUS 
Companies 
in the 
financial 
statements 
From 
ASUS 
Companies 
in the 
financial 
statements 
From 
ASUS 
Companies 
in the 
financial 
statements 
From 
ASUS 
Companies 
in the 
financial 
statements 
From 
ASUS 
Companies 
in the 
financial 
statements 
From ASUS 
Companies in the  
financial 
statements 
From 
ASUS 
Companies in the 
financial 
statements 
Cash 
amount 
Stock 
amount 
Cash 
amount 
Stock 
amount 
Chairman 
Jonney Shih 
0 
0 
0 
0 
150,635 
thousand 
150,635 
thousand 
0 
0 
0.34% 
0.34% 
207,297 
thousand 
336,399 
thousand 
432 
thousand 
756 
thousand 
18,131 
thousand 
0 
30,187 
thousand 
0 
376,495 
thousand 
 
0.85% 
517,977 
thousand 
 
1.16% 
3,000 
thousand 
Vice 
Chairman 
Ted Hsu 
Director 
Jonathan 
Tsang 
Director 
S.Y. Hsu 
Director 
Samson Hu 
Director 
Eric Chen 
Director 
Joe Hsieh 
Director 
Jackie Hsu 
Director 
Jerry Shen 
Director 
Tze-Kaing 
Yang 
Independent 
Director 
Chung-Hou 
Tai 
3,000 
thousand 
3,000 
thousand 
0 
0 
18,000 
thousand 
18,000 
thousand 
0 
0 
0.05% 
0.05% 
0 
0 
0 
0 
0 
0 
0 
0 
21,000 
thousand 
 
0.05% 
21,000 
thousand 
 
0.05% 
None 
Independent 
Director 
Ming-Yu Lee 
Independent 
Director 
Chun-An 
Sheu 
1. Please provide clear statement on payment policy, system, standard and structure for remuneration of independent director, as well as relationship with 
amount of remuneration payment according to factors such as duties undertaken, risks and time invested: All independent directors of the Company served 
as member in the audit committee and salary/ remuneration committee with fixed director remuneration; additionally, a share in distributed director 
remuneration is entitled according to the level and contribution in participating company operation. 
2. Further to disclosure in table above, the remuneration received by company directors over recent years for services provided to all companies in the financial 
report (e.g. serving as non-employed consultant): None.

43
Remuneration Bracket 
Range of Remuneration 
Name of Directors 
Total of (A+B+C+D) 
Total of (A+B+C+D+E+F+G) 
The Company 
Companies in the consolidated 
financial statements (H) 
The Company 
The Company and all 
reinvestment companies (I) 
Below 2,000,000 
 
 
 
 
1,000,000(included)～2,000,000(not included) 
 
 
 
 
2,000,000(included)～3,500,000(not included) 
 
 
 
 
3,500,000(included)～5,000,000(not included) 
 
 
 
 
5,000,000(included)～10,000,000(not included) 
Jerry Shen, Tze-Kaing Yang,  
Chung-Hou Tai, Ming-Yu Lee,  
Chun-An Sheu 
Jerry Shen, Tze-Kaing Yang, Chung-
Hou Tai, Ming-Yu Lee, Chun-An 
Sheu 
Jerry Shen, Tze-Kaing Yang, 
Chung-Hou Tai, Ming-Yu Lee, 
Chun-An Sheu 
Tze-Kaing Yang, Chung-Hou Tai, 
Ming-Yu Lee, Chun-An Sheu 
10,000,000(included)～15,000,000(not included) 
S.Y. Hsu, Samson Hu, Joe Hsieh,  
Eric Chen, Jackie Hsu 
S.Y. Hsu, Samson Hu, Joe Hsieh,  
Eric Chen, Jackie Hsu 
Eric Chen, Jackie Hsu 
Jerry Shen 
15,000,000(included)～30,000,000(not included) 
Jonney Shih, Ted Hsu, Jonathan Tsang 
Jonney Shih, Ted Hsu, Jonathan Tsang 
Jonathan Tsang 
 
30,000,000(included)～50,000,000(not included) 
 
 
Jonney Shih, Ted Hsu 
Jonney Shih, Ted Hsu, Jonathan Tsang 
50,000,000(included)～100,000,000(not included) 
 
 
S.Y. Hsu, Samson Hu, Joe Hsieh 
S.Y. Hsu, Samson Hu, Joe Hsieh, 
Eric Chen, Jackie Hsu 
Over 100,000,000 
 
 
 
 
Note 1: No actual payout for pension funds for that year. It is a provision for pension. 
Note 2: The content of remuneration disclosed in this table is different from the income defined by Income Tax Law; therefore, this table is used for the purpose of disclosure instead of tax levy.

44
2. Remuneration of President and Vice President 
Title 
Name 
Salary  
(A) 
Severance Pay (B) 
(Note 1) 
Bonuses and 
Allowances 
(C) 
Remuneration to Employee 
(D) 
Ratio of total 
compensation 
(A+B+C+D) to net 
income (%) 
Compensation 
Paid to 
Supervisors 
from an 
Invested 
Company 
Other than the 
Company’s 
Subsidiary 
The 
Company 
Companies in 
the financial 
statements 
The 
Company 
Companies in 
the financial 
statements 
The 
Company 
Companies in 
the financial 
statements 
The Company 
Companies in the 
financial statements 
The 
Company 
Companies 
in the 
financial 
statements 
Cash 
amount 
Stock 
amount 
Cash 
amount 
Stock 
amount 
Chief Branding Officer 
Jonney Shih  
58,514 
thousand 
59,138 
thousand 
1,494 
thousand 
1,512 
thousand 
419,333 
thousand 
419,343 
thousand 
38,359 
thousand 
0 
38,359 
thousand 
0 
517,700
仟元 
 
1.16% 
518,352 
仟元 
 
1.16% 
None 
Chief Strategy Officer 
Ted Hsu 
CO-Chief Executive Officer 
S.Y. Hsu 
CO-Chief Executive Officer 
Samson Hu 
Chief Operating Officer 
Joe Hsieh 
Corporate V.P. 
Henry Yeh 
Corporate V.P. 
Alex Sun 
Corporate V.P. 
Taiyi Huang 
Corporate V.P. 
Albert Chang 
Corporate V.P. 
Tenlong Deng 
Corporate V.P. 
Chih-Peng Wu 
Corporate V.P. 
Kent Chien 
Corporate V.P. 
Vincent Chiou 
Corporate V.P. 
Benson Lin 
Corporate V.P. 
Rex Lee

45
Remuneration Bracket 
Range of Remuneration 
Name of President and Vice President 
The Company 
Invest in other companies (E) 
Below 2,000,000 
 
 
1,000,000(included)～2,000,000(not included) 
 
 
2,000,000(included)～3,500,000(not included) 
 
 
3,500,000(included)～5,000,000(not included) 
 
 
5,000,000(included)～10,000,000(not included) 
Henry Yeh 
Henry Yeh 
10,000,000(included)～15,000,000(not included) 
Jonney Shih, Ted Hsu, Alex Sun 
Jonney Shih, Ted Hsu, Alex Sun  
15,000,000(included)～30,000,000(not included) 
Taiyi Huang, Tenlong Deng, Vincent Chiou, Benson Lin 
Taiyi Huang, Tenlong Deng, Vincent Chiou, Benson Lin 
30,000,000(included)～50,000,000(not included) 
Albert Chang, Rex Lee 
Albert Chang, Rex Lee 
50,000,000(included)～100,000,000(not included) 
S.Y. Hsu, Samson Hu, Joe Hsieh, Chih-Peng Wu, Kent Chien 
S.Y. Hsu, Samson Hu, Joe Hsieh, Chih-Peng Wu, Kent Chien 
Over 100,000,000 
 
 
Note 1: No actual payout for pension funds for that year. It is a provision for pension. 
Note 2: The content of remuneration disclosed in this table is different from the income defined by Income Tax Law; therefore, this table is used for the purpose of disclosure instead of tax levy. 
 
3. Names of managers receiving remuneration to employees, and status of allocation thereof 
 
Title 
Name 
Stock Amount 
Cash Amount 
 (estimated amount)  
Total 
Ratio of Total Amount 
to Net Income (%) 
Managers 
Chief Branding Officer 
Jonney Shih  
0 
43,296 thousand 
43,296 thousand 
0.0972% 
Chief Strategy Officer 
Ted Hsu 
CO-Chief Executive Officer 
S.Y. Hsu 
CO-Chief Executive Officer 
Samson Hu 
Chief Operating Officer 
Joe Hsieh 
Corporate V.P. 
Henry Yeh 
Corporate V.P. 
Alex Sun 
Corporate V.P. 
Taiyi Huang 
Corporate V.P. 
Albert Chang

46
Corporate V.P. 
Tenlong Deng 
Corporate V.P. 
Chih-Peng Wu 
Corporate V.P. 
Kent Chien 
Corporate V.P. 
Vincent Chiou 
Corporate V.P. 
Benson Lin 
Corporate V.P. 
Rex Lee 
Chief Financial Officer 
Nick Wu 
Comptroller 
Winnie Liu 
Corporate Governance 
Officer 
Francy Jan 
 
(IV) Compare and state the ratio of total remuneration paid to the Company’s Directors, President and V.P. by the Company and the companies in the 
consolidated financial statements to net income in the last two years; also, describe the policy, standard, and combination of remuneration paid; moreover, 
the procedure of defining remuneration and its relation to business performance and future risks. 
1. Analyze the ratio of the total remuneration paid to the Company’s Directors, President, and V.P. in the last two years to net income: 
Year  
(Note 1) 
Total remuneration 
Ratio of the net profit after tax 
2020 
507,161 thousand 
1.91％ 
2021 
831,470 thousand 
1.87％ 
Note 1: It meant for the year of the income generated. 
2. The remuneration policies, standards and packages, the procedures for determining remuneration and their relationship to the Company's operating 
performance 
(1) The remuneration is divided into pay and bonus: 
Pay to directors: subject to the provisions of Article 17 of the Articles of Incorporation, the Company provides payments to directors for 
performing their duties for the business of the Company, whether or not the Company is operating at a profit or at a loss. The payments 
of directors is authorized at board meetings based on their level of participation in and contribution to the Company's operations.  
However, only the directors who also serve on the salary and remuneration committee shall receive the pay. 
Bonuses to directors: according to Article 20 of the Company's Articles of Incorporation, the Company's annual profit shall be retained in advance 
to make up for the previous accumulated loss, and no more than 1% of the balance shall be allocated as the bonuses to directors (the 
actual annual percentage is 0.3 %).

47
(2) Managers' salary and remuneration include monthly salary, bonuses for three national festival holidays, annual performance bonus and other 
rewards based on the profitability for the year. The amount of remuneration paid for each manager is subject to the general level of remuneration 
and benefits paid by industry peers and the Company's business performance, personal position and contribution in the year should also be 
considered. The Company's Human Resources Division submits the proposal for the remuneration to the salary and remuneration committee for 
review and the proposal is then submitted to the board for approval. 
 
(3) Relationship to the Company's operating performance and future risks 
The Company conducts regular performance appraisal of directors every year in accordance with the Board Performance Appraisal Measures. 
The results are reported at the board meeting the next year as reference for review and improvement and used as the basis for nomination or salary 
and remuneration of directors. 
The standard for remuneration of directors, president and vice presidents fully considers the directors' professional capacity, the Company's 
operation and financial status and the directors' other contribution to the Company. 
The Company examines future operational risks and corporate social responsibility at any time and reviews the remuneration system in a timely 
manner to maintain a balance between the Company's sustainable operations and risk management.

48
III. Corporate governance Implementation 
 
(I) Board of Directors 
The 2021 Board of Directors convened 8 meetings (A). The following is the attendance of the 
directors: 
Title 
Name 
Attendance 
in Person (B) 
By Proxy 
Attendance Rate 
(%) (B/A) 
Notes 
Chairman 
Jonney Shih 
8 
0 
100％ 
 
Vice 
Chairman 
Ted Hsu 
8 
0 
100％ 
 
Director 
Jonathan Tsang 
8 
0 
100％ 
 
Director 
S.Y. Hsu 
8 
0 
100％ 
 
Director 
Samson Hu 
8 
0 
100％ 
 
Director 
Eric Chen 
8 
0 
100％ 
 
Director 
Joe Hsieh 
8 
0 
100％ 
 
Director 
Jackie Hsu 
8 
0 
100％ 
 
Director 
Jerry Shen 
7 
0 
87.5％ 
 
Director 
Tze-Kaing Yang 
8 
0 
100％ 
 
Independent 
Director 
Chung-Hou Tai 
8 
0 
100％ 
 
Independent 
Director 
Ming-Yu Lee 
8 
0 
100％ 
 
Independent 
Director 
Chun-An Sheu 
8 
0 
100％ 
 
Other mentionable items: 
1. If any of the following circumstances happens in the operation of the Board of Directors, it shall 
describe the date, term, agenda, opinion of independent directors and the Company’s treatment 
of these opinions:  
(1) The provision of the Securities and Exchange Act, Article 14-3: 
Board of 
Directors 
Meeting Date 
Resolution 
Opinions of 
independent 
directors 
Company’s 
treatment of 
the pinions.  
Resolution results 
The 12th time of 
the 12th term 
Feb 4, 2021 
The Company's 
strategic investment 
collaboration with 
Portwell, Inc. 
None 
N/A 
The matter is 
approved by all 
the attendees 
The 13th time of 
the 12th term 
Mar 17, 2021 
Assessment of Q4 
2020 major accounts 
reclassified as 
lending of funds. 
None 
N/A 
The matter is 
approved by all 
the attendees 
The 14th time of 
the 12th term 
May 12, 2021 
Assessment of Q1 
2021 major accounts 
reclassified as 
lending of funds. 
None 
N/A 
The matter is 
approved by all 
the attendees 
The 17th time of 
the 12th term 
Aug 11, 2021 
Assessment of Q2 
2021 major accounts 
reclassified as 
lending of funds. 
None 
N/A 
The matter is 
approved by all 
the attendees 
The 18th time of 
the 12th term 
1. Assessment of Q3 
2021 major 
None 
N/A 
The matter is 
approved by all

49
Nov 10, 2021 
accounts 
reclassified as 
lending of funds. 
2. The Company's 
lending of funds 
to its subsidiary 
Askey Computer 
Corp. 
the attendees 
(2) In addition to the previous provisions, other resolutions of the Board meeting against which 
independent directors make objections or reserve opinions or submit written statements: 
None. 
 
2. If there are directors’ avoidance of motions in conflict of interest, the directors’ names, contents 
of motion, causes for avoidance and voting shall be specified: 
Director’s 
Name 
Contents of motion 
Reasons for recusal 
Participation in 
voting 
Jonney Shih, 
Samson Hu 
Motion of the 18th meeting of 
the 12th term: The Company's 
lending of funds to its subsidiary 
Askey Computer Corp. 
Con-currently 
serving as a 
director at Askey, 
therefore 
considered as a 
stakeholder. 
Recusal due to 
conflict of interest, 
did not participate 
in voting. 
 
3. Evaluation of the functions of the board of directors in the current year and last year: The 
Company’s board of directors operates in accordance with the Company’s “Rules of Procedure 
for Board Meetings” and related laws.  The corporate governance officer, the executive 
financial officers and chief auditors will also attend a directors’ meeting and produce relevant 
reports to directors for reference.  Meanwhile, in order to upgrade the board members’ 
competency, the Company will invite external trainers to give lessons and arrange advanced 
studies for the board members. 
 
4. The Attendance of the independent directors at board of directors’ meetings in 2021: 
(V: Attendance in Person; *: By Proxy; X: Absent / Leave) 
Name 
First 
Jan 20, 
2021 
Second 
Feb 4, 
2021 
Third 
Mar 17, 
2021 
Fourth 
May 12, 
2021 
Fifth 
Jul 1, 
2021 
Sixth 
Jul 21, 
2021 
Seventh 
Aug 11, 
2021 
Eighth 
Nov 10, 
2021 
Chung-Hou Tai 
V 
V 
V 
V 
V 
V 
V 
V 
Ming-Yu Lee 
V 
V 
V 
V 
V 
V 
V 
V 
Chun-An Sheu 
V 
V 
V 
V 
V 
V 
V 
V 
 
5. Implementation of the Board's evaluation 
The Company has conducted the 2021 performance appraisal of the Company’s board of 
directors and functional committees in January 2022 according to the “Self-Evaluation of the 
Board of Directors.”  The evaluation information is shown as follows.  The results show that 
the board of directors and functional committees have overall operated properly and conformed 
to the principle of corporate governance.

50
Evaluation 
Cycle 
Evaluation 
Period 
Evaluation 
Scope 
Evaluation 
Method 
Evaluation Aspect 
Perform 
once a year 
Jan 1, 2021~ 
Dec 31, 2021 
Board of 
Directors 
Internal self-
assessment 
on board 
members 
The measurements should include at least the 
following five aspects: 
1. Participation in the operation of the 
Company. 
2. Improvement of the quality of the board of 
directors’ decision making. 
3. Composition and structure of the board of 
directors. 
4. Election and continuing education of the 
directors. 
5. Internal control. 
Individual 
directors 
Internal self-
assessment 
on board 
members 
The measurements should include at least the 
following six aspects: 
1. Understand the objectives and missions of 
the Company. 
2. Understanding of directors’ job 
responsibilities. 
3. Participation in the operation of the 
Company. 
4. Internal relationship management and 
communication. 
5. Professionalism and continuous education 
of directors. 
6. Internal control. 
Functional 
Committee 
Internal self-
assessment 
on board 
members 
The measurements should include at least the 
following five aspects: 
1. Participation in the operation of the 
Company 
2. Understanding of functional committee’s 
job responsibilities. 
3. Improvement of the quality of the 
committee’ decision making. 
4. Makeup of the functional committee and 
election of its members. 
5. Internal control. 
 
(II) Audit Committee Meeting Status: 
The 2021 Audit Committee convened 4 meetings (A). The following is the attendance of the 
Independent Director: 
Title 
Identity 
Name 
Attendance in 
Person (B) 
By 
Proxy 
Attendance Rate 
(%) (B/A) 
Notes 
Convener 
Independent 
Director 
Chung-Hou Tai 
4 
0 
100％ 
 
Member 
Independent 
Director 
Ming-Yu Lee 
4 
0 
100％ 
 
Member 
Independent 
Director 
Chun-An Sheu 
4 
0 
100％ 
 
Other mentionable items: 
I. The operation of the Committee has the following matters as the major works of the year: 
(1) Fair presentation of the financial statements.

51
(2) The delegation (discharge), independence and performance of the CPAs. 
(3) The delegation (discharge), independence and performance of the CPAs. 
(4) Compliance with the relevant laws and regulations by the Company. 
(5) Control over the existing or potential risks of the Company. 
 
II. Operation of the Committee in 2021: 
Audit Committee 
(Session/Meeting Date) 
Contents of motion 
Securities and 
Exchange Act, 
Article 14-5 
Independent 
directors' 
opinion 
Resolution 
results 
The 7th time of the 
2ed term 
Mar 17, 2021 
Report on the annual risk 
control implementation 
 
None 
The matter 
is 
approved 
by all the 
attendees 
Audit report of the Company 
 
None 
Assessment of CPA’s 
independence for 2020. 
 
None 
Standards and changes of 
audit fees of the Company's 
and some subsidiaries' CPAs. 
 
None 
Assessment of Q4 2020 major 
accounts reclassified as 
lending of funds. 
V 
None 
Ratification of the annual 
business report and financial 
statement for 2020. 
V 
None 
Profit distribution of 2020. 
 
None 
Presentation of the “Annual 
Internal Control System 
Statement for 2020.” 
 
None 
The 8th time of the 
2ed term 
May 12, 2021 
Audit report of the Company 
 
None 
The matter 
is 
approved 
by all the 
attendees 
Report on the operating status 
of the subsidiary Askey 
Computer 
 
None 
Assessment Q1 2021 major 
accounts reclassified as 
lending of funds 
V 
None 
2021Q1 consolidated  
financial statements 
V 
None 
The 9th time of the 
2ed term 
August 11, 2021 
CPA's report on Q2 2021 
financials 
 
None 
The matter 
is 
approved 
by all the 
attendees 
Audit report of the Company 
 
None 
Assessment of Q2 2021 major 
accounts reclassified as 
lending of funds. 
V 
None 
2021Q2 consolidated  
financial statements 
V 
None 
Standards and changes of 
audit fees of the Company’s 
and some subsidiaries’ CPAs. 
 
None 
Ratification of the increasing 
total of tariffs pledged 
 
None 
The 10th time of the 
2ed term November 
10, 2021 
CPA's report on Q3 2021 
financials 
 
None 
The matter 
is 
approved 
by all the 
attendees 
Audit report of the Company 
 
None 
Assessment of Q3 2021 major 
accounts reclassified as 
lending of funds. 
V 
None 
2021Q3 consolidated  
financial statements 
V 
None 
Approved the Company's 
V 
None

52
lending of funds to its 
subsidiary Askey Computer 
Corp. 
2022 Annual Audit Plan 
 
None 
Note: There were no other resolutions which was not approved by the Audit Committee but was 
approved by two thirds or more of all directors in 2021. 
 
III. There were no recusals of independent directors due to conflicts of interests in 2021. 
 
IV. Descriptions of the communications between the independent directors, the internal auditors, 
and the independent auditors in 2021 (which should include the material items, channels, and 
results of the audits on the corporate finance and/or operations, etc.): 
i. Audit on communication channel between superintendents and independent directors 
a. Based on the status of executing the annual audit plan, submit the audit report from 
the previous month at each month's end, compile quarterly improvement tracking 
report and hand it to each committee member for reference. In case of any doubt, 
communicate via telephone and mails at all times. 
b. In the Audit Committee meeting and board meeting held quarterly, report 
significant audit business of the company and subsidiary company to the committee 
members. In case of major abnormalities, immediate report shall be made and 
notified to each committee member for review. Up till the most recent meeting, no 
particular incident raised. 
c. During normal times, direct contact with the independent director could be made 
via telephone, mails, messages or in person as needed and the communication was 
well. 
 
2021 Summary of communication between independent director and internal audit 
superintendent: 
 
ii. Communication matters and methods between accountant and independent director: 
a. The accounts have explained the audit (review) of financial statements and the key audit 
matters of financial reports of the year at the audit committee meeting and discussed with 
independent directors, and the results of communication were positive.  
Date 
Nature 
Communication focus 
Communicate 
results 
Mar 17, 
2021 
Audit Committee 
2020 Report on Q4 audit tasks and improvement 
tracking status 
No comment 
2020 Resultant report on overall self-assessment of 
internal control and implementation at operation 
level 
No comment 
May 12, 
2021 
Audit Committee 
2021 Report on Q1 audit tasks and improvement 
tracking status 
No comment 
August 11, 
2021 
Audit Committee 
2021 Report on Q2 audit tasks and improvement 
tracking status 
No comment 
November 
10, 2021 
Audit Committee 
2021 Report on Q3 audit tasks and improvement 
tracking status 
No comment 
The 2022 Audit plan and work focus was submitted 
with description on risk assessment results. 
No comment

53
b. In addition to communication at the audit committee meeting, accounts and independent 
directors may engage in thorough communication through phone calls, video, letters and 
messages if there are any doubts about the reports. 
 
2021 Summary of communication between independent director and internal audit 
superintendent: 
 
 
Date 
Nature 
Communication focus 
Communicate 
results 
Mar 17, 
2021 
Audit Committee 
The subject and nature were set as 2020 Review on 
compiled and individual finance report 
No comment 
May 12, 
2021 
Audit Committee 
The subject and nature were set as 2021Q1 Review 
on compiled and individual finance report 
No comment 
Aug 11, 
2021 
Audit Committee 
The subject and nature were set as 2021Q2 Review 
on compiled and individual finance report 
No comment 
Nov 10, 
2021 
Audit Committee 
The subject and nature were set as 2021Q3 Review 
on compiled and individual finance report 
No comment 
Dec 15, 
2021 
Video Conference - 
Independent Directors 
and Accountants Only 
The subject is 2021 Annual Audit Plan 
No comment

54
(III) Corporate Governance Implementation Status and Deviations from “the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed 
Companies”    Taiwan Corporate Governance Implementation as Required by Taiwan Financial Supervisory Commission 
Assessment Item 
Implementation Status 
Deviations from “the Corporate 
Governance Best-Practice 
Principles for TWSE/TPEx 
Listed Companies” and 
Reasons 
Y 
N 
Explanation 
1. Does the Company establish and disclose the Corporate 
Governance Best-Practice Principles based on “Corporate 
Governance Best-Practice Principles for TWSE/TPEx 
Listed Companies”? 
V 
 
 
The Company has set the “Best practice principles of corporate 
governance” and revised from time to time according to regulations of 
competent authority and actual demands of the Company. The latest 
revision was made on May 7, 2019, which was disclosed in “Company 
governance” and “Public information” sections in the Company’s 
website as references to investors. 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies” 
2. Shareholding structure & shareholders’ rights 
(1) Does the Company establish an internal operating 
procedure to deal with shareholders’ suggestions, doubts, 
disputes and litigations, and implement based on the 
procedure? 
 
(2) Does the Company possess the list of its major 
shareholders as well as the ultimate owners of those 
shares? 
 
 
 
(3) Does the Company establish and execute the risk 
management and firewall system within its conglomerate 
structure? 
 
 
 
 
(4) Does the Company establish internal rules against 
insiders trading with undisclosed information?   
 
V 
 
 
 
 
 
V 
 
 
 
 
 
V 
 
 
 
 
 
 
V 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) The company has established the spokesman system and department 
of investor relations. Contact methods are available on the company 
website, where shareholders can leave comments via telephone or 
e-mail, and the company will process them according to relevant 
operation procedures. 
(2) According to requirements, main shareholders of the company shall 
declare status of change in shares held every month, where the 
Company will announce the names of top 10 shareholders in the 
annual report and the shareholders holding 5% or more of the shares 
are disclosed in the financial reports on a quarterly basis as required. 
(3) The finance of the Company and related companies is independent 
from each other. The Company has established proper risk control 
mechanism and firewall according to the internal relevant 
regulations such as the “Regulations Governing Subsidiary 
Company Management,” “Endorsement and Guarantee Operation 
Procedure” and “Acquisition or Disposition of Information Asset 
Process.” 
(4) The Company has established the “Operating Procedure for 
Processing of Important Internal Information” and “Employees’ 
Code of Conduct”. The Company regulates all members to avoid 
conflict of duties related to work duties; no known and 
unpublished information shall be used for insider trading. 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies” 
3. Composition and Responsibilities of the Board of 
Directors 
 
 
 
 
 
 
Compliant with the Code of 
“the Corporate Governance

55
Assessment Item 
Implementation Status 
Deviations from “the Corporate 
Governance Best-Practice 
Principles for TWSE/TPEx 
Listed Companies” and 
Reasons 
Y 
N 
Explanation 
(1) Has the Board of Directors established a diversity policy, 
set goals, and implemented them accordingly? 
 
 
 
(2) Does the Company voluntarily establish other functional 
committees in addition to the Remuneration Committee 
and the Audit Committee?  
 
 
 
(3) Does the Company establish a standard to measure the 
performance of the Board, and implement it annually and 
provided the results to the board as the reference for 
directors’ remuneration and nomination and renewal? 
 
 
 
 
(4) Does the Company regularly evaluate the independence 
of CPAs? 
 
 
 
V 
 
 
 
 
V 
 
 
 
 
 
V 
 
 
 
 
 
 
 
V 
 
 
 
 
 
 
 
 
(1) The Corporate Governance Best Practice Principles formulates the 
diversity policy for the Company's board members and the specific 
management objectives to be implemented in accordance with the 
policy. For the implementation status, please refer to the board 
diversity and independence section of the annual report. 
(2) The Company also established the GreenASUS and Business 
Community Management Committee, as well as the risk 
management platform, personal information protection committee 
and information security management committee. Each committee 
drafts relevant topics for analytical discussion, inter-department 
communication, coordination and execution. 
(3) The Board Performance Appraisal Measures have been approved 
by the board and it is stipulated that the board shall conduct 
performance appraisal of the board as a whole, board members and 
functional committees. The Company has completed the 
abovementioned performance appraisal in January 2022 and 
reported the results at the board meeting on March 16, 2022. For 
the appraisal process and content, please refer to the section on the 
operation of the board in the annual report. 
(4) Every year, the Company evaluates independence and competence 
of the certified public accountant according to the “Independence 
statement” issued by the accounting institute of such an 
accountant. Should the result of evaluation indicate compliance 
with the independence standard of the Company that such an 
individual is qualified to act as certified public accountant for the 
Company, the results of relevant evaluation will be submitted to 
the audit committee and board of directors’ meetings for review 
and approval. See Note 1 for the criteria of independence 
evaluation. 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies”

56
Assessment Item 
Implementation Status 
Deviations from “the Corporate 
Governance Best-Practice 
Principles for TWSE/TPEx 
Listed Companies” and 
Reasons 
Y 
N 
Explanation 
4. Does the Company allocate competent and suitable 
number of administrators, as well as appointing 
administration managers in charge of relevant affairs to 
company administration (including but not limited to 
providing data required for director execution, assisting 
directors to comply with legal regulations, legally 
conducting relevant affairs on board of directors and 
shareholders meetings, as well as producing minutes for 
such meetings)? 
V  
The Company’s Shareholder Services Office is responsible for 
corporate governance-related tasks.  On November 11, 2020, the 
board resolved to appoint the director of Shareholder Services Office 
Jun-Yi Cheng as the head of corporate governance.  Director Cheng 
has served as the head of the Company’s shareholder service 
department and corporate governance unit for more three years, 
meeting the requirements for being the head of corporate governance. 
The main authority should include the following: 
 Relevant matters on directors’ meeting, audit committee meeting, 
remuneration committee meeting and shareholders’ meeting were 
conducted as per legal requirements. 
 Assistance offered for director inauguration and advanced study. 
 Assistance offered to provide data required for director execution. 
 Assistance offered to directors for adhering with relevant legal 
regulations. 
 Other matters stipulated in accordance with the Company’s article of 
incorporation or contracts. 
2020 corporate governance tasks performance key points 
1. Relevant matters on directors’ meeting, audit committee meeting, 
remuneration committee meeting and shareholders’ meeting were 
conducted as per legal requirements 
(1) Handle issues related to meeting preparation and convening in 
accordance with the law, assist in drafting the agenda and 
compiling proposal information, provide meeting members with 
sufficient meeting information and related needs in a timely and 
appropriate manner, and assist in meeting procedures and 
meeting records. 
(2) Assist in the announcement of meeting resolutions or important 
messages and other regulatory compliance matters, and track 
the implementation of resolutions. 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies”

57
Assessment Item 
Implementation Status 
Deviations from “the Corporate 
Governance Best-Practice 
Principles for TWSE/TPEx 
Listed Companies” and 
Reasons 
Y 
N 
Explanation 
 
 
 
2. Arrange directors’ continuing education courses.  All directors have 
met the standard of completing at least six hours of continuing 
education courses for the year. 
3. Arrange meetings between independent directors, certified 
accountants, audit supervisors, and business heads to communicate 
and exchange information to help independent directors to carry out 
their duties. 
4. Assist directors to comply with regulations, and remind directors of 
the rights and obligations and development of relevant laws and 
regulations. 
5. Help the Company implement relevant corporate governance 
regulations, review the scoring requirements of corporate 
governance evaluation indicators and help all business units conduct 
such evaluation tasks. 
6. Help the Company’s legal affairs unit assess the “Director and 
Supervisor Liability Insurance” policies that meet the needs of the 
Company and directors to protect the Company. 
For the status of continuing education of the Company’s head of 
corporate governance: Please refer to the annual report - “Status of 
Managers’ Education and Training.” 
 
5. Does the Company setup communication channels 
between the investors (including but not limited to the 
shareholders, employees and suppliers), establish the 
Investor Relation area on the Company’s website and 
respond to the issues of corporate social responsibilities 
concerned by the investors?  
V  
The Company has setup the investor communication channel on the CSR 
website, established the Investor Relation area on the official website 
and appropriately responded to the issues in the CSR report and regularly 
reported them to the board of directors. 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies” 
6. Does the Company appoint a professional shareholder 
service agency to deal with shareholder affairs? 
V 
 
 The Company assigns KGI Securities registrar to handle the stock affairs 
and AGM affairs. 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies” 
7. Information Disclosure 
(1) Does the Company have a corporate website to disclose 
both financial standings and the status of corporate 
 
V 
 
 
 
(1) The Company has established a website of investor relations 
http://www.asus.com/tw/Investor/ for regular disclosure of relevant 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for

58
Assessment Item 
Implementation Status 
Deviations from “the Corporate 
Governance Best-Practice 
Principles for TWSE/TPEx 
Listed Companies” and 
Reasons 
Y 
N 
Explanation 
governance 
(2) Does the Company have other information disclosure 
channels (e.g. building an English website, appointing 
designated people to handle information collection and 
disclosure, creating a spokesperson system, webcasting 
investor conferences)?  
(3) Does the Company publish and declare its annual 
financial report within two months after the end of the 
accounting year, as well as publish and declare financial 
report of Q1, Q2, Q3 and monthly operation status prior 
to specified deadlines? 
 
V 
 
 
 
 
V 
information on financial business and company administration. 
(2) The Company establishes specialist in charge of information 
collection and disclosure with implementation of spokesperson 
system as the external communication. The corporate conference 
process will also displayed at the Company website.  
 
(3) The Company publishes financial report and monthly operation 
status according to regulations under Article 36 of the Exchange 
Act. 
TWSE/TPEx Listed 
Companies” 
 
 
 
 
The company has a large 
number of subsidiaries and 
affiliates, and is unable to 
announce and file the annual 
financial reports within two 
months after the end of the 
fiscal year. 
8. Is there any other important information to facilitate a 
better understanding of the Company’s corporate 
governance practices (e.g., including but not limited to 
employee rights, employee wellness, investor relations, 
supplier relations, rights of stakeholders, directors’ and 
supervisors’ training records, the implementation of risk 
management policies and risk evaluation measures, the 
implementation of customer relations policies, and 
purchasing insurance for directors and supervisors)?  
V  
(1) For information regarding employees’ rights and care for 
employees, please refer to the section on “Labor-Employer 
Relation” of this annual report.  
(2) The Company has built up the Investor Relations area on its official 
website. 
(3) The Company has established related information of the liability 
insurance for all directors and supervisors in the Company’s Article 
of Incorporation. The insurance amount, coverage, rate and other 
important information will be reported to the Board on a regular 
basis. 
(4) To improve the supervision and management function of the Board 
of the Directors, the Company follows the “Regulations Governing 
Procedure for Board of Directors Meetings of Public Companies” 
promulgated by competent authority and develops the “Board of the 
Directors Meeting Standards” with arrangement of advanced study 
for the directors to pursue advanced study from time to time. (Please 
refer to “Education and Training of Directors” in this annual report) 
(5) The Company establishes maintenance office and consumer hotlines 
worldwide to protect the rights of the consumers. The Company also 
signs contract with clients to provide relevant products and services. 
(6) The Company follows the laws and regulation with emphasis on 
labor-employer relation, providing employment opportunity, 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies”

59
Assessment Item 
Implementation Status 
Deviations from “the Corporate 
Governance Best-Practice 
Principles for TWSE/TPEx 
Listed Companies” and 
Reasons 
Y 
N 
Explanation 
creating own branding, expanding export, and fulfilling social 
responsibilities.  
(7) In the succession planning program, the successor not only must 
have the outstanding capabilities in the technology industry, but also 
acknowledge the Company’s operation philosophy and implement 
it. Their personality traits must include “humbleness, honesty, hard-
working, cleverness, and courage,” or the five virtues of ASUS, 
while being trustworthy, innovative, and trusted by clients. 
In order to introduce new management concepts, the Company 
allows the open discussions before making decisions, and selects the 
most correct decision. The reshaping of the company culture and 
management philosophy has been activated, by referring the 
innovative management concepts of international companies, and 
taking “leverage the collective wisdom, select the best creativity” as 
the core. The Company also continues to train the young generation 
of the management team, as a talent succession plan for the future 
management team. 
The training programs for senior management successors are 
divided as vision leadership, operating decision-making, strategy 
execution, driving innovation, and talent inheritance. Through the 
above-mentioned “five forces for executive leadership,” to train 
their professional management capabilities and integrated 
application, for developing their capability in decision-making and 
judgement. 
(8) Other 
company: 
The 
governance 
matters 
are 
gradually 
implemented, taking consideration of the current situation of the 
Company and regulations.  
9. The Company shall describe the improvements with 
reference to the corporate governance evaluation results 
issued by the CG Center of Taiwan Stock Exchange 
Corporation, and shall make available the prioritized 
enhanced measures for the matters that have not been 
improved.  
V 
 
ASUS particularly disclosed the information on our website to meet the 
corporate governance requirements. The Company will make 
improvement progressively according to the plan to be made for the 
matters that have not been improved. 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies”

60
Note 1: Assessment criteria of accountant’s independence 
Assessment 
2021 Assessment result 
(Y/N) 
Independence 
(Y/N) 
1. The designated accountant does not have direct or indirect financial interest 
relationship with the Company. 
Y 
Y 
2. The designated accountant does not have a financing or guarantee 
relationship with the Company or any director or supervisor of the Company. 
Y 
Y 
3. The designated accountant does not take into account the possible loss of the 
client to affect his/her auditing task. 
Y 
Y 
4. The designated accountant does not have close business relationship or 
potential employment relationship with the Company. 
Y 
Y 
5. The designated accountant does not have contingent fees related to his/her 
auditing task. 
Y 
Y 
6. The designated accountant does / did not currently/ in the recent two years 
serve as a director, supervisor, or manager of the Company or play a role 
having significant influence on the audit case. 
Y 
Y 
7. The non-audit service that the firm of the designated accountant offered to 
the Company does not have direct influence on any important items of the 
audit case. 
Y 
Y 
8. The designated accountant does not promote or act as an intermediate for the 
shares or other securities issued by the Company. 
Y 
Y 
9. The designated accountant does not serve as the advocate of the Company 
nor as the representative of the Company to mediate the dispute between the 
Company and any third party. 
Y 
Y 
10. The designated accountant does not have kinship with any director, 
supervisor, or manager of the Company or the person having significant 
influence on the audit service. 
Y 
Y 
11. No former partner of the designated accountant serves as a director, 
supervisor, or manager of the Company or in a position having significant 
influence on the audit case within one year after relieved of his/her office. 
Y 
Y 
12. The designated accountant did not receive any gift or present of great value 
from the Company or any director, supervisor, or manager of the Company. 
Y 
Y 
13. The designated accountant did not accept any inappropriate selection of 
accounting policies or inappropriate disclosure. 
Y 
Y

61
(IV) Compensation Committee Meeting Status: 
1. Formation and Responsibilities of ASUS Compensation Committee： 
(1) Formation of Committee： 
The Member of Committee consists of three people appointed by the BOD resolution, 
whereas one of them is the convener. The professional qualification and independence of 
the members comply with the provisions set forth in Article 5 and Article 6 of Guidelines 
for Functions in Compensation Committee.  
 
(2) Responsibilities of Committee： 
The Committee shall exercise the care of a good administrator to faithfully perform the 
following duties and present its recommendations to the board of directors for discussion. 
i. Periodically review the guidelines and propose recommendation for revision. 
ii. Formulate and periodically review the performance appraisal for ASUS directors and 
managers with policy, system, standards, and structure for salary and remuneration.  
iii. Periodically evaluate and specify the salary and remuneration for ASUS directors and 
managers.  
 
The Committee fulfilling the aforementioned functions shall comply with the following 
principles： 
i. Ensure the arrangement of salary and remuneration in line with relevant laws and 
regulations that are sufficient to attract outstanding personnel.  
ii. The performance appraisal and salary/remuneration for directors and managers shall 
refer to common peer standards for payout with consideration of personal 
performance and company salary/remuneration concept, business performance and 
rationality of future risk association.  
iii. Directors and managers shall not be misled with introduction of pursuit of 
salary/remuneration to engage in conducts exceeding the risk appetite of the Company.  
iv. The proportion of bonus to directors and senior managers in short-term performance 
and the payout time for some changing salary and remuneration shall be determined 
with consideration of industry characteristics and the business nature.  
 
2. The Members of ASUS Compensation Committee: 
Title 
  Criteria 
Name 
Professional Qualification and 
Experience 
Number of Other Taiwanese 
Public Companies Concurrently 
Serving as a Compensation  
Committee Member 
Independent 
Director 
Ming-Yu Li 
Refer to pages 35 - Disclosure of 
Directors' Professional 
Qualifications Information 
1 
Independent 
Director 
Chung-Ho Tai 
1 
Independent 
Director 
Chun-An Sheu 
2 
 
3. Operations of ASUS Compensation Committee: 
(1) The members of the Remuneration Committee of the Company: 3 people. 
(2) Period of the 4th term: June 18, 2019 to June 17, 2022. 
(3) The Salary and Remuneration Committee convened 3 meetings in 2021 (A). The 
qualification of the members and their attendance are as below:

62
Title 
Identify 
Name 
Attendance 
in Person (B) 
By 
Proxy 
Attendance Rate 
(%) (B/A) 
Notes 
Convener 
Independent 
Director 
Ming-Yu Li 
3 
0 
100% 
 
Member 
Independent 
Director 
Kenneth Tai 
3 
0 
100% 
Member 
Independent 
Director 
Chun-An 
Shen 
3 
0 
100% 
Other mentionable items:  
1. The board of directors decline to adopt, or will modify, a recommendation of the Remuneration 
Committee: None 
2. Any member’s objection to or reservations about motion resolved by the Remuneration 
Committee: None 
3. The treatment to the Compensation Committee by the Company: No special opinion expressed by 
any members in the year. 
 
4. Discussion of the cause and resolution result of ASUS Compensation Committee recently: 
Date 
Discussion 
Resolution results 
Jan 20, 2021 
The 5th time of 
the 4th term 
Approved the Company’s motion for allocation of year-
end bonus to managers in 2020. 
The matter is 
approved by all the 
attendees 
Mar 17, 2021 
The 6th time of 
the 4th term 
Approved the motion for allocation of remuneration to 
directors and employee bonus from earnings of 2020. 
The matter is 
approved by all the 
attendees 
Jul 21, 2021 
The 7th time of 
the 4th term 
1. Passage of the proposal for compensation 
distribution to directors for 2020. 
2. Approved the Company’s motion for allocation of 
mid-year bonus to managers in 2021. 
The matter is 
approved by all the 
attendees 
Jan 25, 2022 
The 8th time of 
the 4th term 
Distribution of 2021 year-end bonuses and performance 
bonuses for managers 
The matter is 
approved by all the 
attendees 
Mar 16, 2022 
The 9th time of 
the 4th term 
Approved the motion for allocation of remuneration to 
directors and employee bonus from earnings of 2021. 
The matter is 
approved by all the 
attendees

63
(V) Sustainable Development Implementation Status as Required by the Taiwan Financial Supervisory Commission 
Assessment Item 
Implementation Status 
Difference from the Corporate 
Governance Best Practice 
Principles for TWSE/TPEx-
Listed Companies and the 
reasons 
Y 
N 
Summary 
1. Does the Company have a governance structure for 
sustainability development and a dedicated (or ad-hoc) 
sustainable development organization with Board of Directors 
authorization for senior management, which is reviewed by the 
Board of Directors? 
V 
 The Company has established a permanent unit known as the 
Sustainability & Green Quality Managing Center in charge of 
promoting policies and actions related to corporate social 
responsibility. GreenASUS and SERASUS (Social and 
Environmental Responsibility) management committee 
meetings are held regularly with the CEO serving as the 
managing representative to promote sustainability affairs and 
monitor the results, as well as reporting annual plan and 
performance of sustainability to the board of directors. 
In line with the Sustainable 
Development Best Practice 
Principles for TWSE/TPEx-
Listed Companies. 
2. Does the Company follow a significant principle to conduct risk 
assessment on the environment, society and administration 
related to the company operation, as well as setting relevant 
risk management policy or strategy? 
  
V 
 
 
 ASUS established Risk Management Platform to the Business 
Continuity Management (BCM) Committee to review the 
external sustainability framework, social investment 
requirements, international development trends and other 
topics, analyze Risk of impact on ASUS. At the same time, 
ASUS established enterprise risk management measures to 
develop management strategies for major risks to strengthen 
corporate resilience. 
In line with the Sustainable 
Development Best Practice 
Principles for TWSE/TPEx-
Listed Companies. 
3. Environmental issues 
(1) Did the Company establish a suitable system of 
environmental management according to its industrial 
characteristics? 
 
(2) Is the Company committed to improving resource efficiency 
and to the use of renewable materials with low environmental 
impact? 
 
 
 
 
 
(3) Did the Company evaluate climate change on potential risks 
and opportunities for corporate at present and in future, as 
 
V 
 
 
 
V 
 
 
 
 
 
 
 
V 
 
  
(1) The Company has passed the ISO14001 Environmental 
management certification since 1998. Up till now, we still 
follow the PDCA (Plan, Do, Check, Act) system and 
request proper control. 
(2) ASUS has established its 2025 Sustainability Goals, one 
of which is the main topic of "Circular Economy." which 
includes improving the energy efficiency of products and 
using eco-friendly materials, such as PCR plastics, 
recycled pulp for paper packaging materials and others. 
Through the rigorous audit by international environmental 
protection agencies, the Company obtains its green 
product certification. 
(3) The Company supports and adopts the TCFD (Task Force 
on Climate-related Financial Disclosures) issued by FSB 
In line with the Sustainable 
Development Best Practice 
Principles for TWSE/TPEx-
Listed Companies.

64
Assessment Item 
Implementation Status 
Difference from the Corporate 
Governance Best Practice 
Principles for TWSE/TPEx-
Listed Companies and the 
reasons 
Y 
N 
Summary 
well as taking correspondent measures on climate-related 
topics? 
 
 
 
 
 
(4) Over the past two years, did the Company take statistics on 
total mass of greenhouse gas emission, water consumption 
and waste, as well as setting policy on energy conservation 
together with reduction of carbon, greenhouse gas, water 
consumption or other waste management? 
 
 
 
 
 
 
 
 
 
V 
 
 
(Financial Stability Board), which discloses financial 
influence caused by climate change based on 
administration, strategy, risk management, indexes and 
target frame. In 2021, the Company announced that it has 
joined the RE100 initiative to commit to using renewable 
energy in all of its global offices by 2035. Together with 
the Taiwan Climate Partnership formed by Taiwan's 
leading technology companies, it shows its determination 
and practical actions to reduce carbon emissions. 
(4) We reduced environmental footprint according to the 
environmental management policy, where our headquarter 
received LEED platinum certificate from USGBC. 
Furthermore, annual statistics on greenhouse gas 
emissions, water consumptions and waste weight for 
setting reduction targets and gradual optimization of 
environmental performance every year. 
4. Social issues 
(1) Did the Company set relevant management policy and 
procedures according to related legal regulations and the 
“International Bill of Human Rights”? 
 
(2) Did the Company set and implement reasonable measures of 
staff welfare (including remuneration, leave and other 
welfare), and adequately reflect operation performance or 
achievement in the staff remuneration? 
 
 
 
 
 
 
 
 
 
 
V 
 
 
 
V 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) The Company has drafted and disclosed policy on 
declaration of human rights according to the “Universal 
Declaration of Human Rights” under the UN, as well as 
setting the internal standard. 
(2) Every year, the Company would refer to information such 
as price standard in Taiwan and salary standard in the 
same industry for reasonable adjustment of monthly 
salary. The amount of bonus and level of individual 
occupation interlinks with the company/ unit/ personal 
performance. Performance appraisal is conducted at each 
year-end, in addition to acknowledge performance of 
excellent staff and promote development via the appraisal 
system, the Company also adheres with social 
responsibility of teammate caring by assisting staff with 
falling performance to achieve goals via the performance 
improvement program. Regarding daily work duty, all 
staff are entitled to flexible work hours and specified days 
In line with the Sustainable 
Development Best Practice 
Principles for TWSE/TPEx-
Listed Companies.

65
Assessment Item 
Implementation Status 
Difference from the Corporate 
Governance Best Practice 
Principles for TWSE/TPEx-
Listed Companies and the 
reasons 
Y 
N 
Summary 
 
 
 
 
 
 
 
 
(3) Did the Company provide staff with a safe and healthy work 
environment, as well as implementing regular training on 
safety and health? 
 
 
 
 
 
 
(4) Did the Company establish an effective training program for 
staff on development of occupational capacities? 
 
 
 
 
 
 
 
 
 
(5) Does the Company’s product and service comply with related 
regulations and international rules for customers’ health and 
safety, privacy, sales, labelling and set policies to protect 
consumers’ or customers’ rights and consumer appeal 
procedures? 
 
 
 
 
 
 
 
 
 
V 
 
 
 
 
 
 
 
 
V 
 
 
 
 
 
 
 
 
 
 
V 
 
 
 
 
 
of personal/ sick leaves with full salary except for certain 
staff due to the work nature. In addition to special leaves 
per annum, all staff are entitled to another 7 days of 
Happiniess leave. The Company has established 
regulations such as “Work rules,” “Duty management 
measures” and “Vehicle/ Motorcycle parking management 
measures” that specify items that staff shall adhere with 
and welfare entitled. 
(3) In addition to legal provision of exclusive occupational 
safety and health units, the Company continued to 
approve the ISO 45001 labor safety and health 
management system. All new, current and out-sourced 
personnel shall receive the occupational safety and health 
training for personal safety and health. Carry out 
environmental consideration and safety and health risk 
identification and conduct emergency response drills 
every year. 
(4) The Company fully promotes the “Learning & Growth 
Plan,” where the superintendents assist staff to develop 
capacity required, as well as providing feasible solutions 
that comply with organizational and personal 
development. We hold the concept of “aptitude-based 
teaching” that takes core-value of the Company and 
occupational capacity required at each level as foundation 
to assess the need in personal work. The superintendents 
would discuss and plan with staff on their personal 
learning program for the year, which makes learning more 
systematic and more efficient. 
(5) ASUS has passed verification for the ISO 9001 Quality 
management system and ISO 14001 Environmental 
management system to ensure that product and services 
comply with relevant legal regulations and criteria 
worldwide. ASUS set up Privacy Protection Policy to 
protect Customer privacy and data security, and the policy

66
Assessment Item 
Implementation Status 
Difference from the Corporate 
Governance Best Practice 
Principles for TWSE/TPEx-
Listed Companies and the 
reasons 
Y 
N 
Summary 
 
 
 
 
 
(6) Did the Company set policy of supplier management that 
requests suppliers to follow relevant specifications on topics 
such as environmental protection, occupational safety and 
health or human right of labors, as well as disclosing the status 
of implementation? 
 
 
 
 
 
V 
description is published on the official website. At the 
same time, the consumer appears procedures and methods 
have been established, which are available through our 
technical hotline 0800-093-456/ email or website for 
technical support (http://support.asus.com.tw). 
(6) ASUS is a full member of RBA (Responsible Business 
Alliance). We adopted the RBA code and other 
international standards as the foundation of our supply 
chain management, which covered five aspects, namely 
labor, safety & health, environment, ethics and 
management system, as well as strengthening protection 
for women and youth laborers. We request all suppliers to 
adhere with rules of conduct, where the level of practice is 
reviewed via auditing. Additionally, the ISO 20400 
sustainable procurement management has been promoted 
with third-party-certified sustainability management 
introduced to procurement policy and practice, where we 
head towards the goal of sustainable operation covering 
administrations, environmental protections, labor rights, 
safety and health. 
5. Does the Company refer to report editing criteria or guidance 
that are common internationally for producing CSR report 
and discloses non-finance information of the Company? Did 
the above-mentioned report receive assurance or guaranteed 
comments from the third-party verification unit? 
V 
 The 2021 Corporate sustainability report published in 2022 
was based on GRI Standards 2021 Update, which also adopted 
the sustainability indicators of the Sustainability Accounting 
Standards Board (SASB). Commissioned SGS Taiwan to 
adopt the AA1000AS Type 2 High Level Assurance. Complied 
with the reporting principles for inclusiveness, sustainability, 
materiality and completeness of the report, as well as taking 
into account the quality principles of accuracy, balance, 
clarity, comparability and timeliness. 
In line with the Sustainable 
Development Best Practice 
Principles for TWSE/TPEx-
Listed Companies. 
6. If the Company has established its sustainable development code of practice according to “Listed Companies Sustainable Development Code of Practice,” please describe the 
operational status and differences: 
The Company has fulfilled its corporate social responsibility based on the" Sustainable Development Best Practice Principles for TWSE/TPEx-Listed Companies". 
7. Other important information to facilitate better understanding of the Company’s implementation of sustainable development: 
Please refer to the ASUS sustainability report and website at  https://csr.asus.com/english/index.aspx

67
 
(VI) Corporate Social Responsibility 
In August 2019, the 181 CEO’s of corporate roundtable conferences mutually signed 
the statement that committed to lead corporations for benefitting all interested parties 
including clients, staff, suppliers, communities and shareholders. The new statement 
replaced the administration direction in part and outlined the modern standard of 
corporate responsibilities. 
 
With 30 years since its establishment, ASUS went through numerous operative 
transformations, where the public focus on ASUS capability of generating financial 
profit also extended to overall performance on environmental protection, culture of 
caring and taking social responsibilities that helped achieve our economic growth.   It 
is a significant subject for ASUS on how to utilize the sustainability strategy for 
promoting innovation and becoming a better corporate. 
 
We believe that sustainability should not be a mere PR (Public Relations) method to 
vamp up the corporate image. Instead, it shall allow us to carry the social responsibility 
by solving problems in societies and the environment, as well as seeking humankind 
well-being while pursuing our operation growth at the same time. Therefore, ASUS has 
merged sustainability with operation concept by starting from ethical honesty. Each of 
our decision processes included consideration on environmental and social aspects, 
which were expected to provide genuine contribution to humankind together with our 
partners and clients. 
 
In 2009, ASUS established an exclusive unit for sustainable development, which deals 
with sustainability topics such as grasp global trends on sustainable development, 
analytical administration, environment and society. By combining the operation core, 
product innovation and service, the direction of strategic sustainability was set together 
with project promotion. Along with initiation of a reconstruction program by the 
organization, the sustainable unit was reformed as the “Sustainability & Green Quality 
Management Center” The unit was provided with the position of Chief Sustainability 
Officer (CSO) in charge of grasping and analyzing global trends in sustainability, 
managing goals and practical actions under sustainability policy, as well as regularly 
submit annual critical plans of sustainability and result from performance to the board 
of directors for review. 
 
In order to perform lateral inter-unit coordination on critical topics such as product, 
supply chain and organizational operation with high influence in the corporate, we have 
established the “GreenASUS and SERASUS management committee” in addition, 
where CEO authorized the Chief Sustainability Officer (CSO) as the representative with 
meeting held bi-monthly. The committee members come from departments of business 
operation, procurement, customer service, administration and legal affairs. Lateral inter-
unit communication and coordination are conducted for effective resource allocation, so

68
 
all ASUS staff may contribute consistent effort on sustainability, which properly 
combines sustainability with operation cores and become part of the corporate 
competitiveness. 
 
In response to the increasingly complex risks faced by business, such as: trade wars, 
extreme weather, COVID-19, information security incidents, etc., ASUS has expanded 
the management scope of the “Enterprise Risk Management Platform” to the “Business 
Continuity Management Committee” in 2020. Establish the BCM committee to enable 
decision-making supervisors to understand the whole picture on a common platform. 
The chairman supervises the development of strategies, and collaborates with co-CEOs, 
chief operating officer and senior business executives as the decision-making team to 
supervise the effectiveness of operations. Identify possible future challenges, establish 
good protection measures in advance, and demonstrate organizational resilience. 
 
 
 
Results of sustainable governance:  
(1) 2021 Asia Sustainability Reporting Awards -- Asia's Best Sustainability Report 
(Large Company) - Silver; Asia's Best Supply Chain Reporting - GOLD; Asia's 
Best Supply Chain Reporting - Silver. 
(2) Enterprise rating of "Prime Level" by the Institutional Shareholder Services (ISS) 
ESG in 2021. 
(3) 2021 member of the S&P Global, The Sustainability Yearbook 2021, 2022. 
(4) Top 100 Global Innovators 2022 by Clarivate. 
(5) Ranked No. 1 in the list of value ranking of Taiwan's global brands 8 times (2013-
2019, 2021) 
(6) Acquisition of 「Asia’s Most Socially Responsible Company of the Year」 Award. 
(7) Selected as a component of the MSCI Global Sustainability Indexes for six 
consecutive years (2014-2019).

69
 
(8) Selected as a component of the FTSE4Good Emerging Index for six consecutive 
years (2016-2021). 
(9) Selected as a component of FTSE4Good Emerging Index and TIP Taiwan ESG 
Index for five consecutive years (2017-2021). 
 
(10) Listed in the “World’s Most Admired Companies” six times by Fortune 
Magazine of the US. 
(11) The most trusted company in the world selected by Forbes. The only top 100 
enterprises in Taiwan that has been selected for three consecutive year (2017-2019). 
(12) First electronic company in the world that obtained the ISO 20400 Sustainable 
procurement certificate in 2019. 
(13) 2019 GCSA (Global Corporate Sustainability Award): Global sustainability 
excellence award and Global best practice award. 
(14) 2019 TCSA (Taiwan Corporate Sustainability Award): 7 awards including the 
supply chain management award, social inclusion award, climate leader award, 
innovative growth award, circular economy leader award, Top 50 comprehensive 
performance award in service industry under corporate sustainability and gold 
award in service industry under corporate sustainability. 
(15) 2018 Asia Sustainability Reporting Award: Acquisition of Asia's Best Supply 
Chain Reporting and nominated for Asia's Best SDG Reporting. 
(16) For 2017 and 2018, the Company was selected among the Top Ten Corporate 
Citizen Award by CommonWealth Magazine for two consecutive years. 
 
Sustainability focus 
ASUS referred to the “Defining materiality” published by GRI & ROECOSAM for 
establishing a materiality process. After selecting major subjects on sustainable risks or 
influence that can be elaborated among extensive topics, we identified the significant 
topics that impose great influence and focus. Opinions from interested parties in 
different fields help with plotting clear vision, which confirms the role ASUS shall 
undertake in the society and solve challenges faced. 
 
1. Circular economy and product responsibility 
At ASUS, we see the circular economy as the key towards sustainable operation. From 
passive pollution prevention in the past and compliance with legal regulations, we 
changed to initiative and preemptive measures with the goal of detaching operation 
growth from resource consumption. From the product life cycle of “cradle to grave,” 
we extended it as “cradle to cradle,” which formed a circulating model of “resources, 
products and then regenerated resources.” 
We are well aware that the model of a circular economy could not be achieved with 
one step. Therefore, we analyzed the trend of international development and referred 
to the research report from Accenture. Combining our proud digital technology while 
fusing mindset of circular economy into product design and service, we applied four 
processes, optimization of materials selection, lean design, continuity of use and 
recycling, where we adopted numerous measures to improve resource efficiency.

70
 
Initiative strategy of prohibiting hazardous chemicals 
Certain chemicals display acceptable risks currently, but may be determined as control 
necessity in future, which interrupts the possibility of product or part circulation. 
ASUS has taken an initiative management strategy that precedes legal requirements 
by restricting over 300 types of chemicals. In addition to preventing influences on 
laborers and the environment, such action also helps circulated usage of resources. 
 
Non-usage of halogen flame retardants at 85.2% of parts 
Halogen flame retardants cause hazard to the environment and human health from 
incomplete combustion. Furthermore, the parts containing halogen cannot be reused 
due to encroachment under halogen acid, which is against the interest of the circular 
economy. ASUS has adopted the halogen-free policy since 2010, and gradually 
introduced halogen-free hard drives and batteries starting 2019 and PCB substrates 
starting 2021. In the future, more components and products will follow the ban on 
halogen flame retardants, where we commit in reducing usage of halogen flame 
retardants, provided that alternative technology and economy are feasible without 
affecting the product performance and quality. 
 
Product from use of Post-Consumer Recycled (PCR) plastic 
From 2019, all commercial computers from ASUS contain more than 5% of PCR. For 
certain screens, the recycled plastics were even obtained from recycled products. Since 
2017, more than 1,064 tons of PCR have been used.  After overcoming the technical, 
material stabilizing and cost thresholds in future, we will be committed to increase the 
percentage of utilizing recycled plastics and extend to other products. 
 
Eco-Friendly Packaging Design 
Since 2020, ASUS has gradually adopted the use of FSC-certified paper materials. In 
2021, a total of 20 tons were used and the use of plastics has also been reduced. 
Therefore, we reduced wastage by designing reduction of internal space for packaging, 
which reduced volume of product packaging and use of materials. Reduce the single-
use packaging materials and optimize the packaging for reuse. For example, the 
packaging boxes can be quickly assembled into a professional monitor hood or a laptop 
stand.  The stacking efficiency during transportation was also considered, where 
damage caused by transporting products of different dimensions at same time was 
reduced for improving the transportation efficiency. 
 
Energy-Efficiency Product Design 
ASUS has adopted the use of external power supplies that have the highest energy 
efficiency level, Level VI, on the market for its products. The internal specifications 
are 10% more stringent than the law for products that are in the power-off status. 
ASUS’s new notebooks launched in 2021 on average perform 37.6% better than the 
Energy Star standard. 
 
 
Global product recycling service

71
 
Recycling service provided among 77% of the sales market worldwide, where the 
recycling amount reached 14% of global sales. 
ASUS provided recycling service in Taiwan, Europe, North America, China and India. 
Through recycling and resource circulation, replaced electronic products were given 
new value and life, which created the next wave of opportunity for economic 
development and became the key of the circular economy. 
 
Eco Product sales at 86.6% of turnover 
The Green Mark helps consumers to identify products or services with environmental 
quality better than the legal requirements. It is deemed as one of the most suitable 
methods to realize circular economy. In 2020, ASUS acquired a total of 7 Green Marks 
in Europe, North America and Asia for maximizing resource benefits, promoting 
energy conservation and reducing emission of greenhouse gases. 
 
The milestones of GreenASUS are outlined as following: 
(1) The first corporate worldwide that acquired the UL certification on Circularity 
Facts Program in 2018. 
(2) In 2016, we received the “Zero Waste to Landfill” certificate from UL 
(internationally renowned certification institute), which made us the first 
corporate in the electronic consumable industry worldwide to receive such 
certification. 
(3) ASUS was awarded the HSPM certificate (Hazardous Substance Process 
Management) by IECQ in 2012 and became the first computer company to win 
such honor in the world.  This reflects that the efforts spent by ASUS in 
environmental protection and green action were recognized again. 
(4) The first receiving the electronic information products pollution control 
voluntary certification (RoHS) certificate for notes as awarded by China Quality 
Certification Center in 2012.  
(5) In 2011, ASUS continued its green design and extended the EPEAT 
environmental protection label to EeePC, EeeBox and monitors, and at the same 
time promoted it to the registration of EPEAT in other countries. 
(6) Received the China Environmental Labelling Certificate for multiple series of 
notebooks, desktops and PC in 2011. 
(7) Received Best Choice Award in 2011 and Green ICT Award for VW247H-HF 
and U43SD in 2011. 
(8) Received Best Choice Award, and Green ICT Award for EeePC 1015PE in 2010. 
(9) Greenpeace organized an Electronics Survey in 2010, with respect to the use of 
chemical substance in a product, energy efficiency, extension of the life cycle of 
products and other issues.  The Company’s VW247H-HF won 7.5 points out of 
10, ahead of the other brands, and ranked 1st for the monitor products.  
Meanwhile, the notebook UL30A also ranked 1st for notebooks.  Accordingly,

72
 
the Company became the only manufacturer to receive the championship for two 
products at the same time. 
(10) The Company was invited to take part in the Electronics Take Back Coalition 
in the U.S.A. in 2012, and achieved remarkable performance in the area of 
computers. 
(11) The Company’s U30Jc notebook received Japan Eco Mark in 2012 and became 
the first one of the global top 10 IT suppliers, which received such honor. 
(12) The Company’s U30Jc received Korean Eco-Label in 2010. 
(13) The Company released the first halogen-free motherboard (P7P55D-E/HF) and 
the first 920x1080 halogen-free LED monitor (VW247-HF) in the world in 
2010. 
(14) The Company released halogen-free series in 2009, including notebooks, PADs, 
LCD monitors, EeePC, and VGA, etc. 
(15) The Company’s notebook U series and EeeBox received EU Flower and Czech 
environmental protection mark in 2009. 
(16) The first notebook in Taiwan, the Company’s notebook N series, received EU 
Flower and Czech environmental protection mark in 2008. 
(17) The first notebook in Taiwan, the Company’s notebook N series, received 
EPEAT gold medal in 2008. 
(18) The Company received the excellent achievement, B+, for the “computer and 
peripheral devices” of Oekom international environmental performance 
competition in Germany in 2007, ranking 1st place among the international own-
brand manufacturers participating the competition with respect to computer and 
peripheral devices. 
 
2. Climate Action 
The climate change is a contemporary global issue that has far-reaching implications 
and challenges the United Nations Framework Convention on Climate Change in the 
21st session of the Conference of the Parties, COP21(The 21st session of the 
Conference of the Parties, COP21), which officially revealed the low-carbon future 
that must be faced by the world and declared the coming of the low carbon and 
sustainability era.  As the Paris Agreement carries out the low-carbon 
transformation, aiming to control the temperature increase within two Celsius 
degrees, the Financial Stability Board (FSB) has released the “Climate-Related 
Financial Disclosure Proposal, Recommendations of the Task Force on Climate-
related Financial Disclosures” providing financial exposure guidance related to 
global corporate climate change.. 
In the COP 26 in 2021, countries reached a consensus to issue the Glasgow Climate 
Pact, reaffirming the commitment of the 2015 Paris Agreement and reinforcing the 
global measures to combat global warming with the goal of curbing the temperature 
rise of 1.5°C.

73
 
ASUS supports the TCFD structure to disclose the financial risks and opportunities 
derived from the climate change, as well as core information such as governance, 
strategy, risk management, indicators and targets. 
Governance 
Oversight of the Board 
of Directors to risks and 
opportunities related to 
climate change 
- 
The ASUS Enterprise Sustainable Development Policy 
was approved by the Chairman. As the highest 
responsible person for the Group’s sustainability issues, 
the Chairman includes and is responsible for approving 
the corresponding climate change strategies. 
- 
The annual sustainability report will be presented to the 
board of directors, including the implementation results 
of the Sustainability goals and the progress of the 
greenhouse gas reduction target 
- 
Business Continuity Management Committee has been 
established, belonging to the Audit Committee. Business 
Continuity Management Committee has been 
established, belonging to the Audit Committee. Business 
Continuity Management Committee is supervised by the 
chairman to develop strategies, and co-CEOs, chief 
operating officer and senior business executive work as 
the decision-making team to supervise the effectiveness 
of operations. Identify possible future challenges, 
establish good protection measures in advance, and 
demonstrate organizational resilience, including climate-
related risks and opportunities.  
The authorities and 
duties of management to 
assess and manage risks 
and opportunities 
related to climate 
change 
The CEO is the highest responsible executive for climate 
change and sustainable management. The following units were 
established for promoting topics on climate actions and target 
management with regular report submitted to the board of 
directors annually: 
- 
The Sustainability and Green Quality Management 
Center is the dedicated unit for sustainability issues, and 
led by the Chief Sustainability Officer (CSO). The Office 
is responsible for analyzing the global sustainability 
pulses, implementing related sustainability projects, and 
reporting to the Chief Operating Officer. At the same 
time, sustainable development is one of the Task Units of 
the Business Continuity Management Committee, which 
reports 
climate 
change-related 
risk 
management 
indicators every quarter. 
- 
The 
GreenASUS 
and 
SERASUS 
Management 
Committee with the sustainability director serving as 
representative and report to the CEO. In charge of lateral 
inter-department coordination and cooperation, where 
topics of sustainable strategy and climate action are

74
 
carried out on product, operation and value chain 
management. Bi-monthly committee meeting. 
 
Strategy 
Short, medium and 
long-term risks and 
opportunities identified 
According to the transformation and physical risks 
recommended 
by 
TCFD 
and 
CDP, 
assess 
the 
probability/frequency of each risk and opportunity and the 
degree of impact on operations, and identify the risks of priority 
concern after ranking the risks and opportunities, including: 
- 
Physical risk: Extreme severe climate disasters. 
- 
Transitional Risk: Mandatory product and service 
regulations, carbon tax/renewable energy practices, 
changes in customer behavior. 
Opportunities include: 
Develop or expand low-carbon emissions products and 
services, innovative new products and services, etc. 
How climate change-
related risks and 
opportunities affect 
operations, strategy and 
financial planning for 
the organization 
ASUS 
adopted 
the 
Intended 
Nationally 
Determined 
Contributions (INDC) and the 2°C scenario to simulate 
financial risk exposure. Identify the risks of carbon tax, 
renewable energy and energy efficiency regulations faced by 
supply chain, operations and products. Changes in consumer 
behavior involve many assumptions and require large-scale 
global surveys; therefore, scenario one is used instead.  At the 
same time, the physical risk is highly uncertain due to the 
frequency, scale, duration, and location of the event, and a 
model simulation needs to be further developed. 
Based on the analysis results of major risks under scenario 
simulation, ASUS has re-established new climate action 
targets.  In addition to incorporating renewable energy into its 
operational strategy, it will lead the supply chain to reduce 
greenhouse gas emissions. 
Impacts to 
organizational 
operations, strategies 
and financial planning 
in different climate 
change scenarios 
Based on new climate actions, we estimate the following 
impacts under the global climate actions: 
- 
Operation: ASUS does not make energy-intensive 
products to be immediately affected.  However, 
considering that all major global manufacturers have 
adopted renewable energy as an operational strategy, and 
that Taiwan’s laws and regulations have gradually 
expanded the user base of renewable energy, we have 
planned a goal of using 100% renewable energy in our 
global operations by 2035, and are now working toward 
RE100. 
- 
Product: According to ASUS’s observation and analysis, 
government bodies around the world have adopted the

75
 
previous edition of Energy Star as a reference for 
establishing laws and regulations. Since 2013, all 
notebook computers manufactured by ASUS have 
complied with Energy Star specifications, so there is no 
potential risk. In response to ever-stringent laws and 
regulations in the future, we are determined in setting the 
efficiency of our products better than the Energy Star 
standard, while maintaining the performance. 
- 
Supply chain: Under BAU, carbon emissions increase 
with the production scale, and the future supply chain will 
face the levy of carbon tax, leading to the increase in 
operating costs. Therefore, ASUS has established an 
emission inventory to identify major emission sources, 
and required all supply chain partners to comply with the 
ISO 
14001 
certification, 
setting 
environmental 
management goals and conducting annual surveys of 
carbon footprint. Set emissions intensity targets for the 
supply chain to control the pass-through cost of carbon 
tax. 
 
Risk Management 
Procedures for the 
organization to identify 
and assess risks 
associated with climate 
change 
Analyze the transformation risks and physical risk impacts and 
potential opportunities faced by each stage of the value chain. 
Major climate risks are monitored by the Business Continuity 
Management Committee based on the governance structure. 
Procedures for the 
organization to manage 
risks associated with 
climate changes 
Regarding major climate risks and opportunities, ASUS 
develops management measures to mitigate, transfer or control 
these risks and opportunities, from the aspect of product and 
service, supply chain and self-operations, the main actions 
include: 
- 
Products and services: Introducing a green design 
platform, continuously investing in research and 
development of innovative energy, and improving the 
efficiency of energy use for soft- and hardware. 
Regarding the power of shutdown mode accounting for 
the largest percentage, the limit is 10% stricter than the 
regulatory requirements. 
- 
Supply chain: Under the continuous RBA audit 
mechanism, facilitating suppliers to strengthen their 
resilience to respond to climate change, requesting the 
supply chain to comply with the ISO 140001 
certification and set environmental management goals,

76
 
and drive the supply chain to transform to low-carbon 
manufacturing. 
- 
Operations: Introducing the ISO 50001 energy 
management system, identifying high energy consuming 
hotspot areas and equipment, and gradually improving 
their energy efficiency, and collaborating with renewable 
energy vendors to gradually adopt renewable energy. 
Describe how 
procedures for 
identifying, assessing, 
and managing risk 
associated with climate 
change are integrated 
into the overall risk 
management structure 
of the organization 
In order to reduce the impact of risk events on ASUS when 
they occur, each task unit under the Business Continuity 
Management Committee conducts pre-event risk assessment, 
simulation and exercises, identifies feasible prevention 
strategies, and establishes crisis management procedures and 
recovery plans for continuous improvement and risk 
reduction. The Sustainability and Green Quality Management 
Center is the main responsible unit handling climate-related 
risks, and it reviews the effectiveness and resilience of 
ASUS’s climate risk management. 
 
Indicators and targets 
Disclose the indicators 
used by the organization 
to assess climate change 
related risks and 
opportunities when 
setting strategies and 
managing risks 
ASUS sets key performance indicators based on the locations 
of climate change shocks: 
 
Operating aspect: Greenhouse gas emissions (ton) and 
use of renewable energy 
 
Product aspect: Energy efficiency is better than the 
percentage required by Energy Star 
 
Supply chain: Extent of reduction of carbon emissions 
intensity. 
Disclose Scope 1, 2 and 
3 
greenhouse 
gas 
emissions and related 
risks. 
Continue to carry out greenhouse gas inventory. For the 
inventory information of the past years, please refer to the 
ASUS Corporate Social Responsibility Report and official 
website: 
Refer to the “Greenhouse Gas Inventory Protocol – Second 
Edition of Corporate Accounting and Reporting Standards” to 
establish the detail list of greenhouse gas emissions inventory. 
For suppliers and OEM vendors with significant greenhouse 
gas emissions, the greenhouse gas inventory is conducted in 
accordance with the “Enterprise Value Chain Category Three 
Accounting and Reporting Standards.”  In addition, the 
category three emissions of employee travel are also 
inventoried continuously. 
Objectives for managing 
climate change-related 
risks and opportunities 
ASUS’s current carbon emissions reduction baseline is unable 
to truly reflect the long-term strategy of mitigating climate risks 
due to changes in the structure of power consumption. Based

77
 
by the organization, and 
the deviation between 
the performance and 
objectives 
on the analysis results of the simulations and the science-based 
emissions reduction pathways, new climate action goals are 
established, with 2020 as the base year: 
- 
Operation: Reduce 50% of carbon emissions from ASUS 
global operations centers by 2030. 
Use 100% renewable energy in Taiwan-based operations 
centers by 2030, and in global operations centers by 2035. 
- 
Supply chain: Ensure that key suppliers achieve a 30% 
reduction in carbon intensity rates by 2025. 
- 
Product: Ensure that each year’s key products 
demonstrate energy-efficiency that’s 30% above the 
- 
Energy Star standard. 
Significant milestones of other climate actions over recent years are briefly described as 
follows: 
(1) In October 2021, we announced the participation in the global RE100 initiative, 
and are committed to using renewable energy 100% in the operations in Taiwan 
in 2030 and expanding the implementation to the operations worldwide by 2035. 
(2) The new ASUS headquarter “LiGong Building” received LEED (new building 
category) platinum certificate from USGBC. 
(3) ASUS’s new notebooks launched in 2021 on average perform 37.6% better than 
the Energy Star standard, helping consumers to reduce carbon emissions during 
use and enhance green competitiveness. 
(4) In 2016, ASUS headquarters received LEED platinum certificate from USGBC 
and diamond certificate under Taiwan green building. 
(5) In 2016, our headquarter acquired the silver standard among existing buildings 
under Taiwan Intelligent Green Building. 
(6) In 2016, we passed the certification of ISO 50001 Energy management system. 
(7) In 2013, we were honored with the “Energy conservation label among commercial 
buildings in Taipei City.” 
(8) As per carbon footprint standard PAS 2050:2008 announced by BSI, we 
completed the life cycle CFV (Carbon Footprint Verification), where the 
Company received the first laptop computer certificate issued by DNV 
(international verification company) with carbon footprint certification according 
to PAS 2050:2008. ASUS further analyzed the CFV result and derived the 
ecological design, where we launched the laptop computer U53SD- Bamboo 
version with the concept of green innovation. In addition to natural bamboo that 
replaced conventional material of plastic, our U53SD was equipped with the 
exclusive SHE (Super Hybrid Engine) technology for energy conservation, which 
improved the product carbon footprint with material replacement and efficiency 
improvement from energy consumption. As per carbon neutralization standard 
PAS 2060:2010 announced by BSI, we achieved the product status of carbon 
neutralization in 2012 via replacing residual carbon emission after product 
reduction in carbon credit transactions, where the Company received the carbon

78
 
neutralization certificate issued by DNV (international verification company) 
according to PAS 2060. 
(9) In 2011, we were honored with “Excellence in Efficient Product Design” among 
2011 Energy star awards held by the US EPA (Environmental Protection Agency) 
due to the development on ultra-energy saving technology that could effectively 
reduce power consumption together with workmanship dependent by monitor 
products that were easy to recycle and energy saving. 
(10) In 2010, we were rated by the Taiwan EPA as excellent corporate with energy 
saving and carbon reducing actions, where we were honored with the “Energy 
saving and carbon reducing label.” 
(11) In 2010, our U53Jc bamboo model received the PAS 2050 / ISO14067 “Carbon 
footprint” certificate. 
(12) In 2009, we were the first laptop computer manufacturer in the world that 
received the “Type III EPD (Environmental Product Declaration)” and “Product 
carbon footprint” certificates. 
 
3. Sustainable supply chain management 
ASUS acknowledges that sustainability not only concerns the organization per se but 
also covers the suppliers in the entire value chain during the life cycle of a product, 
including procurement of down-stream raw materials, production, and use of 
products and waste of products.  With respect to the problems seen at each stage, 
including the stage of procurement of raw materials, such as mineral conflicts, use of 
hazardous substances correspondent to the stage of production, laborers’ human 
rights, and electronic waste goods control at the stage of waste of goods, ASUS 
defined different countermeasures to be taken by the suppliers, ranging from the ISO 
under the PDCA framework constructed by the organization internally to 
international organizations attended by the Company externally to integrate external 
resources to control and manage the risk jointly. 
 
The ASUS supply chain management operates in three stages. All the suppliers who 
are qualified to cooperate with ASUS must pass the quality audit of new supplies in 
the first stage, we also acquired the ISO 9001 and 14001 certificates, where the ASUS 
Code of Conduct Compliance Declaration and Statement of Assurance Regarding 
Prison or Forced Labor were signed. A sustained risk management mechanism is 
established in the second stage to manage the transaction risks on an ongoing basis. 
It requires all the suppliers to sign a statement of compliance with the code of conduct, 
commit themselves to observance of human rights, health and safety, environment, 
ethics, and management system requirements, and cooperate with ASUS to 
implement the annual risk management, including the self-evaluation and audit of 
social responsibilities, regulatory audit of Green Mark, investigation of carbon and 
water footprints, and investigation of conflict minerals. Suppliers’ ESG performance 
is included in the Q3 quarterly business review (QBR) as the basis for continuous 
collaboration and order allocation. 
The EICC (Electronic Indust 
ry Citizenship Coalition) is a nonprofit organization 
of the global electronic industry dedicated to fulfilling corporate social responsibility.

79
 
It was renamed as Responsible Business Alliance (RBA) in 2017. Through 
formulating the standard Code of Conduct, RBA implements the human rights and 
environmental protection. As a full member at the highest level of the RBA, ASUS 
is committed to abide by the RBA Code of Conduct and further refers to the 
requirements of other voluntary international standards (e.g. SA8000 and PAS7000) 
to establish the stricter Supply Chain Code of Conduct. In addition to ensuring more 
protection of the child labor, compulsory labor as well as female and pregnant 
employees, the purpose of this code of conduct is to create a healthy and safe working 
environment, promote environment-friendly processes, and encourage suppliers to 
direct more resources toward the topics of social responsible and continual 
improvement. 
 
Respect for human rights is in the core value of ASUS, which is shown in the 
corporate code of conduct policies and applies to the Company’s global operations, 
including our supply chain. All ASUS employees are treated with respect and fairness, 
and suppliers are required to comply with all relevant legal, social and environmental 
standards. ASUS formulates statements on human rights and transparently discloses 
human rights management reports. 
 
To monitor the ongoing risk management performance of the supply chain, ASUS 
carries out identification of suppliers based on the features of the industries in the 
supply chain, purchase modes, and geographic relationships. Management measures 
are determined depending on the level of the risk. For the suppliers identified as 
higher risk, an independent third party will work together with our internal audit 
department to conduct on-site audit according to the Supply Chain Code of Conduct. 
The results of the audit will be incorporated into the QBR (Quarterly Business 
Review) report and used as an important basis for the management to allocate 
resources and make decisions on continuous cooperation. 
 
In order to improve and focus on the management capability of the supply chain, a 
supply chain plenary session is held every year to communicate the supply chain 
management systems and requirements of ASUS, give a lecture on the latest 
international laws and regulations, and share the best practices in the industry. A 
global supply chain management platform is established to provide an official 
outward communication channel, create a mechanism for approval of materials and 
finished products in terms of their compliance, and collect supply chain investigation 
information. 
 
In addition to the above-mentioned major topics, we also disclosed the following topics 
concerned by other interested parties: 
1. Care for employees 
ASUS adheres to the management philosophy for “training, cherishing and caring 
employees to enable ASUS folks to exert their potential to the utmost”.  ASUS 
identifies employees as its most important assets.  Each of them is talent who needs 
to be treated diligently.  Therefore, ASUS is dedicated to establishing the well-
founded management system and environment, and integrates internal and external

80
 
resources to create well-founded caring system and communication platform.  The 
integration of resources is intended to transform the Company’s strengths into ASUS 
cultural assets to be preserved, communicated, and memorized in each ASUS 
employee’s mind, so that employees may exert their potential without limitation and 
keep pursuing organizational and individual growth and objectives. 
 
Benefit Package that Exceeds the Law 
In addition to providing social insurance as required by the law, the Company offers 
comprehensive group insurance policies and the coverage is expanded to employees' 
families.  At the same time, a number of benefits are provided, including meal 
allowances, birthday gifts, health check allowances, etc.  As for leave and 
attendance, paid personal or sick leaves are granted and ASUS employees also enjoy 
a number of days of Happiness Leave every year, in which they can plan their 
personal time off. 
 
Employee Care Website 
The Company extends care via the website to share and ease the work pressure 
together with employees, help employees’ self-management and achievement of 
balanced development of work and life.  The contents of the website include release 
of work pressure, positive thinking, and other information helpful for the employees’ 
personal work or life. 
 
Diversified communication channels 
ASUS has boosted the electronic promotional materials and blogs in the territories of 
Taiwan in the past years.  The two-way open communication model between 
employees and supervisors have been implemented for years, in addition to the other 
fair communication channels between employees, work teams and high-rank 
management internally and externally, such as ASUS intranet EIP, DigiTrend 
magazine, corner promotional materials, 24-hour emergency service hotline ext. 
22119 for ASUS employees, humane care hotline ext. 21799. During the heighted 
alert of the domestic pandemic situation, ASUS tried to use online streaming for the 
first time to conduct direct conversation with employees.  The practice broke 
through the space limitation of working from home, enabling employees to interact 
with the co-CEOs online. 
 
Dual-Track Talent Development 
Linking the corporate culture, core values and global strategic planning, the ASUS 
talent training system is divided into three major functions, including core values, 
management leadership and professional skills. For high-level, middle-level and 
junior managers and general employees, we provide rich training courses and digital 
self-directed learning resources to nurture diverse talents. 
 
Disaster relief 
The Company has planned a care program for employees who suffer from material 
disasters to provide support to employees and their family members in case of serious

81
 
disaster or emergency, and to extend care, assistance and record employees and their 
family members who suffer diseases or accidents, so that employees and their family 
members may feel ASUS’s family love and care.  Meanwhile, ASUS will manage 
the safety care for the employees of ASUS’s subsidiaries all over the world, and 
employees who take business travel or are expatriated at the workplace, in order to 
ensure their safety. 
 
2. Social engagement 
ASUS is used to valuing and pursuing the orientations and objectives including 
“shortening the digital gap”, “upgrading innovative ability”, “training of technology 
talents”, “contributing to industrial-academic cooperation” and “promoting 
environmental protection and energy saving”.  In 2008, ASUS founded ASUS 
Foundation in hopes of “utilizing ASUS resources, caring for people, protecting the 
earth, creating learning opportunities, providing pre-job training, and remedying the 
digital divide”. It calls on people to take actions for the public welfare and care the 
communities more positively in the hope to give feedback to society on a specific 
and ongoing basis, extend the range of service, and be conscientious to take corporate 
social responsibilities. 
 
ASUS Foundation, through the connection and cooperation with governments and 
non-profit-making organizations everywhere, encourages and invites the public to 
value and concern the society-related issues in various manners and via various 
activities.  Meanwhile, it also hopes to accumulate the collective energy through 
more concrete action force, and extends to more diversified platforms, feed more 
benefits back to society via connection with different organizations, upgrade the 
global information education and promote the exchange and development in the 
world, in order to become a global digital education portal dedicated to providing 
software and hardware integration service and achieve ASUS’s vision for the global 
citizen. 
 
During the period when the ravaging pandemic was at its peak in 2021, the Company 
continued to use its business to show its care for the society. The core philosophy of 
sustainability extended from the value chain to the care for the society. 
 
Social and public welfare results: 
(1) Pandemic Control by Technology 
a. Support Learning Without Classroom 
During the ravaging pandemic situation in 2021, educational institutions in 
Taiwan implemented the measures of "Learning Never Stops" In order to care 
for disadvantaged students, ASUS donated a total of 1,000 laptops to 
elementary and middle schools, disadvantaged families and after-school care 
programs around Taiwan. In order to add educational resources during the 
pandemic, ASUS provided its cloud and computing-related resources to 
educational institutions, medical institutions, government agencies, private 
enterprises, industrial and academic research start-up teams in various counties

82
 
and cities. The total amount of materials donated by ASUS was valued about 
NT$50 million. 
 
b. Pandemic control with technology: donation of software and hardware 
ASUS provided innovative technologies to meet the needs of medical care, 
pandemic control and other public health fields, people's livelihood, academic 
research and education, etc. and a quota of a total of 5,000 hours of Taiwan 
Computing Cloud (TWCC) GPU for high-speed computing and AI resources 
were provided.  As for hardware, the Company donated smart watches and 
ultrasonic equipment to help medical institutions including National Taiwan 
University, Taipei Veterans General Hospital, Taoyuan, Taoyuan Hospital, 
Shuangho Hospital and others to fight the pandemic. 
 
c. Donation of vaccine 
In order to assist the nationwide pandemic control efforts, ASUS donated 
NT$200 million to support the Tzu Chi Foundation in donating vaccines to the 
competent authorities of Taiwan.  The donation purchased 5 million doses of 
vaccines for the general public to increase the vaccination rate and protect the 
health of the people. 
 
(2) Refurbished Computer and Digital Training Program 
Since establishment in 2008, shortening digital divide has been the purpose of 
ASUS 
Foundation. 
Through 
cooperation 
between 
NPO 
(Non-Profit 
Organization), volunteer groups and government units, digital learning centers 
were set up worldwide to assist in solving local problems of digital divide. We 
contributed to society with practical and continuous actions, where we expected 
to cultivate international talents and realize ASUS ideals as a global citizen. 
 
The ASUS digital inclusion program covers three major strands, namely 
“establish fundamental hardware and reduce digital divide,” “improve education 
for talent cultivation and create digital opportunity,” as well as “culture 
conservation and transmission for realizing digital inclusion.” The living quality 
of minorities was improved by information technology with preservation of 
traditional cultures locally. 
 
The refurbished computers served by the donated non-profit-making 
organizations are primarily volunteer workers, cram schools for disadvantaged 
child students, seniors, physically and mentally handicapped, and new 
inhabitants.  Meanwhile, the recipients who received the refurbished computers 
may also apply the software programs and services provided by ASUS 
Foundation, e.g. set-up of social community, control over files, paperwork, 
promotional portal, so as to upgrade its administrative capability and extend its 
global view and create competitiveness in the future.  Such software and 
teaching materials are expected to benefit a total of 30,000 persons directly and 
indirectly.

83
 
With the digital divide remediation as our mission, the ASUS Foundation has 
worked together with the ASUS Volunteer Club since 2015 to give digital 
teaching services to the organizations that have received the recycled computer 
donations. The practical service allows ASUS to understand the actual needs of 
users and give feedback to the design of the product and service to improve the 
positive relationship between the ASUS products and end users. The ASUS 
Foundation has a special page on the Facebook to promote the communication 
between the recipients and share the benefits of the recycled computers.  
 
In 2021, ASUS supported the measures of "Learning Never Stops" for 
educational institutions in Taiwan, donating a total of 1,000 laptops to 
elementary and middle schools, disadvantaged families and after-school care 
programs.  The Company collaborated with Chunghwa Post and World Vision 
Taiwan and HSBC Bank Taiwan to donate a total of 450 refurbished computers 
to help students in remote areas. 
 
ASUS “Recycled Computer Donation” Love Earth Project, you can visit at the 
following website: 
https://www.facebook.com/asusecopc/ 
 
For more details about the “Refurbished computer digital training plan”, you 
may access them at the following website: 
http://www.asusfoundation.org 
 
(3) Digital Learning Center 
Since 2009, the ASUS Foundation has participated in the ADOC 2. 0, a project 
of APEC, and worked with the Ministry of Foreign Affairs to help local nonprofit 
organizations in ADOC member states and in the countries having formal 
diplomatic relationship with Taiwan establish digital learning centers, promote 
learning of digital applications, and remedy digital divides between countries, 
townships, cities, ages, and sexes in the hope to allow people to live a more 
convenient and happier life.   
 
Since 2009, the ASUS Foundation had the support of the ADOC (APEC Digital 
Opportunity Center) and the Ministry of Foreign Affairs. In addition to recycled 
and brand new computer donations, ASUS IT volunteers have made efforts to 
promote digital learning, improve the digital capability of the children in remote 
areas, poor young students, women, and aged people, and provide practical 
training opportunities. For 13 years, we have assisted more than 39 countries to 
establish digital opportunity centers, with more than 500 computer classrooms, 
and donated a total of 18,000 information devices such as new ASUS computers, 
recycled computers and tablets. Other than donating computers, the information 
volunteer services has been applied to promote the digital learning, to enhance 
the digital capabilities of rural children, poor young students, women and seniors, 
as well as to provide internship. The number of benefitted people from the 
program exceeded 550,000.

84
 
Since 2015, the program has been renamed as Taiwan Digital Opportunity 
Center (TDOC). Through the power of the government and private enterprises, 
we share Taiwan’s love and resources with the rural or disadvantaged groups 
around the world, and help local disadvantaged children and academic 
institutions to enhance their digital capabilities. 
 
The countries that received donations until now:  
10 countries in the 
Asia Pacific 
Taiwan, Philippines, Cambodia, Vietnam, Indonesia, Thailand, 
China, Malaysia, Laos, Myanmar 
5 countries in 
Central Asia 
India, Sri Lanka, Turkey, Nepal, Jordan 
7 countries in 
Africa 
Tanzania, South Africa, Zimbabwe, Swaziland, Kenya, Nigeria, 
Burkina Faso 
15 countries in 
Central and South 
America 
Ecuador, Paraguay, Panama, Nicaragua, Dominica, Honduras, 
Belis, Haiti, Peru, Saint Vincent, Saint Kitts and Nevis, Mexico, 
El Salvador, Guatemala, St Lucia 
2 countries in 
European 
Netherlands, Russia 
  
(4) ASUS local volunteer worker project 
ASUS will select international volunteer workers each year and assign them to 
provide service in the remote areas of foreign countries, and will care for 
domestic disadvantaged groups.  In addition to encouraging employees to 
participate in various volunteer workers’ services or public welfare event, ASUS 
will provide each employee with the volunteer worker’s leave for two day per 
year and reimbursement for the expenditure of event. 
Domestic Volunteer Service Achievements: 
http://www.asusfoundation.org/article_achievements.aspx?id=8 
 
(5) ASUS international volunteer worker project 
Due to the raging COVID-19 pandemic around the world in 2021, ASUS 
suspended the services of international volunteer projects under the premise of 
protecting the health and safety of all colleagues and volunteers. Please refer to 
the following website for information on volunteering projects in previous years: 
http://www.asusfoundation.org/article_achievements.aspx?id=3  
 
(6) “Heartfelt 99” project under Taiwan PTS (Public Television Service) 
The “99-second (pronounced the same as “lasting” in Mandarin) film selection 
campaign co-organized by ASUS Foundation and Taiwan PTS started in 2009 
and headed towards the 11th campaign this year. The campaign was the first 
activity in Taiwan that allowed youths to tell stories via films, so the younger 
generation could express their caring towards the society through the film 
selection. In order to convey the core value of “Heartfelt 99,” the traditional way 
of using the theme of the year was set aside to break constraints, and instead 
simply used “Heartfelt” to open a broader creative space for young students. 
Chairman Jonney Shih said that during the filming of the promotional video, 
“Traveling around the world, I found that the most beautiful thing is still the

85
 
heartfelt touch in Taiwan.” No matter where we are, we will find many good 
stories as long as we feel them with our heart. Therefore, we hope to invite more 
young people to participate in the image creation, and to discover the truth, 
goodness and beauty of Taiwan through camera lenses. The 12th Heartfelt 99 
nationwide campus short clip competition drew the participation of 915 students 
from 183 teams from 65 schools. Over the past 12 years, 90% of colleges and 
universities in Taiwan have participated in the competition. The rich and diverse 
topics include air pollution issues, animal protection, marine ecology, COVID-
19, gender identity, family values, etc. Well-known directors and actors are 
invited to serve as judges this year and we look forward to encouraging more 
young creative minds to use film works to express care for the society. 
 
(7) The Growth and Training Program of "Children Are Us 
ASUS has cared about disadvantaged people for a long time and supported their 
lifelong development by taking feasible actions in addition to providing specific 
learning opportunities to remedy digital divides and supporting them with grant-
in-aid. ASUS has recruited 9 full-time employees with mental disabilities since 
2008. The Children Are Us Bakery House - ASUS Branch" is established 
permanently in the ASUS staff canteen, and all the proceeds are donated to 
Children Are Us Foundation to help more children with mental disabilities.  
From shy and embarrassed interaction with people, to feeling comfortable to 
approach coworkers, thanks to the enthusiasm of ASUS folks, the employees 
with mental disabilities work happily in ASUS every day. They learn skills and 
build self-confidence during work. Their parents are comfortable to leave their 
lovely angels in ASUS for training without need to take care of them the whole 
day long, reducing the burden of the family and society to a great extent. To 
improve their skill, the Children Are Us Bakery House introduces different 
products continuously to help them learn new skills and have more feeling of 
freshness and achievement in addition to simple calculation and customer 
reception service.  
 
(8) Money collection, fund raising, and donation of materials 
In 2021, ASUS invested in public welfare activities. The major recipients were 
ASUS Foundation and educational and social organizational of public interest. 
Category 
Items 
Cash Donation 
Company donation (including ASUS Foundation / BU 
donation) 
Cash Donation 
Disabled employee wage 
Cash Donation 
Mentally disabled children counter profit feedback 
Cash Donation 
Employee payment care and death pension benefits (Concern 
for employees’ family for social stability) 
Cash Donation 
Money and materials donation raised by the Company 
Cash Donation 
Support the procurement of vaccines by Taiwan government 
authorities 
Hours of Service 
Corporate volunteers service hours conversion 
In-kind Donation 
Refurbished computer recycle value 
In-kind Donation 
Donation of ASUS computers

86
 
In addition to participating in various social activities, ASUS prepares budgets 
every year to sponsor different groups and organizations to fulfill corporate 
social responsibility. ASUS has always abided by its core values in realizing its 
vision of contributing to the human society. In response to the pandemic situation 
in 2021, ASUS changed its public welfare donation activities to online 
procurement to support public welfare groups, with charity sales and donations 
totaling more than NT$ 200 million (including vaccine donations).  The efforts 
benefited 37 social welfare organizations and helped more than 6,000 
schoolchildren, families and the elderly. 
 
(9) Evaluation of Social Return on Investment (SROI) 
ASUS adheres to its "Data-based measurement and technology-based 
management" principle to implement the sustainability policy, so it has 
introduced the concept of social return on investment (SROI) and through 
unified measurement methods and reporting principles, non-profit activities can 
also produce performance measurement information for decision-making and 
management practices. ASUS has also monetized the benefits of the Second Life 
for Computers - Empowering People in Need program and obtained the first 
globally certified SROI report in the technology industry in Asia and Taiwan.  
The monetization effectively helps ASUS evaluates corporate social 
responsibility programs and ensures that NGOs, volunteer groups and digital 
learning centers can make fully utilize the resources provided by ASUS. 
 
For the latest news and promotional activities about ASUS social and environmental responsibility, 
please view the Company’s website at: 
http://csr.asus.com/chinese/ 
 
ASUS Sustainability Report (Chinese version) (English version) 
https://csr.asus.com/chinese/article.aspx?id=61 
https://csr.asus.com/english/article.aspx?id=4

87
 
(VII) Ethical Corporate Management and deviations from “the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed 
Companies” 
Assessment Item 
Implementation Status 
Deviations from “the Ethical 
Corporate Management Best-
Practice Principles for 
TWSE/TPEx Listed 
Companies” and Reasons 
Y 
N 
Summary 
1. Establishment of ethical corporate management policies and 
programs  
(1) Did the Company set a policy of honest operation passed by 
the board of directors together with specification of such 
policy and methods in the regulations and external 
documents, as well as commitment from the board of 
directors and high-tier management on active realization of 
the operation policy? 
 
 
 
 
 
 
 
 
 
 
 
(2) Did the Company establish risk assessment mechanism 
against dishonest conducts, together with regular analysis 
and assessment on operation activity containing greater risk 
of dishonest conducts within the operation scope, as well as 
the preventive measures accordingly to at least contain 
 
 
V 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
V 
 
 
 
 
 
 
 
1. In order to adhere to and realize the philosophy of 
ethical 
management, 
ASUS 
established 
its 
“Employees’ Code of Ethical Conduct” based on the 
regulations of the Responsible Business Alliance 
(RBA) and the Adoption of Codes of Ethical Conduct 
for TWSE/GTSM Listed Companies, specifying that 
all employees (including directors and executives, 
etc.) must strictly abide by relevant ethical policies to 
prevent and eliminate unethical business practices. 
The Annual Report and Sustainability Report 
described the company policy of ethical operations, as 
well as status of active realization committed by the 
board of directors and operations management. The 
Annual Report and Sustainability Report described the 
company policy of ethical operations, as well as status 
of active realization committed by the board of 
directors and operation management. 
2. ASUS requests all external vendors to sign the 
“Honesty commitment.” Should the external units 
cause damage to the Company with violation to anti-
bribing and anti-corruption clauses, penalty will be 
claimed with necessary legal actions taken according 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies”

88
 
Assessment Item 
Implementation Status 
Deviations from “the Ethical 
Corporate Management Best-
Practice Principles for 
TWSE/TPEx Listed 
Companies” and Reasons 
Y 
N 
Summary 
various conducts under Article 7, Paragraph 2 of the “Honest 
operation rules for listed and OTC (Over-The-Counter) 
companies.”? 
(3) In the “Preventive program against dishonest conducts,” 
does the Company specify operation procedures, conduct 
guidelines, punishment and appeal system again violation 
together with practical execution, regular review and 
correction of the said Program? 
 
 
 
V 
 
 
to requirements under the “Honesty commitment” 
signed. 
 
3. It is specified in “Employee Code of Conduct” that 
illegitimate political contribution, improper charity 
donation or sponsorship, unreasonable gifs, treatment 
or other illegitimate interests are prohibited. 
Specifications of punishment and complaints channel 
against violation were set, where a report was made to 
the board of directors on the result of execution and 
review for improvement. 
2. Fulfill operations integrity policy 
(1) Does the Company evaluate business partners’ ethical records 
and include ethics-related clauses in business contracts? 
Regular report (at least once per annum) was made to the 
board of directors covering the status of monitoring and 
execution on policy of honest operation and preventive 
program against dishonest conduct. 
 
 
(2) Did the Company set an exclusive unit under the board of 
directors to promote honest operation of the corporate, with 
regular reports (at least once per annum) made to the board of 
directors covering status of monitoring and execution on 
policy of honest operation and preventive program against 
dishonest conduct? 
 
V 
 
 
 
 
 
 
 
V 
 
 
 
 
 
 
 
1. To put into effect the avoidance of transaction with 
suppliers of deceitful conducts, the Company also 
developed Supplier Conduct Standards for new 
suppliers to present “Declaration of ASUS Group 
Contractor/Supplier Conduct Compliance” upon 
conducting qualification assessment in addition to 
requesting transacting suppliers to sign the “Supplier 
Integrity Commitment Letter.” 
2. (1)Unit for Promoting 
In order to improve the ethical corporation 
management, the Human Resources Division in 
the Company is in charge of promoting adherence 
with corporate policy of honest operation and 
ethical conducts, which assists the board of 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies”

89
 
Assessment Item 
Implementation Status 
Deviations from “the Ethical 
Corporate Management Best-
Practice Principles for 
TWSE/TPEx Listed 
Companies” and Reasons 
Y 
N 
Summary 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
directors and operation management to set, 
monitor and execute the policy and prevention 
program together with relevant unit, as well as 
ensuring realization of the “Code of ethical 
conduct for employees.” Announcement of 
revision on measures will be submitted to the 
board of directors in advance for discussion and 
approval under resolution. Announcement of 
revision on measures will be submitted to the 
board of directors in advance for discussion and 
approval under resolution. The status on the 
supervision of the implementation is reported at 
board meetings at least once a year. 
(2)Operations and Execution 
Regarding internal propaganda and education, 
ASUS provides employees worldwide with a 
digital learning course on the “Code of ethical 
conduct for employees,” where new employees 
must complete the study within a month after 
reporting on duty. Employees worldwide are 
encouraged to review the materials every year as 
a way to convey the importance of ethics and the 
compliance with the code of conduct.In order to 
maintain employee awareness on zero violation 
against the regulation when facing clients and 
interacting with the suppliers, the Company

90
 
Assessment Item 
Implementation Status 
Deviations from “the Ethical 
Corporate Management Best-
Practice Principles for 
TWSE/TPEx Listed 
Companies” and Reasons 
Y 
N 
Summary 
 
 
 
 
 
 
 
 
(3) Does the Company establish policies to prevent conflicts of 
interest and provide appropriate communication channels, and 
implement it? 
 
 
 
(4) In order to realize honest operation, has the Company 
established effective accounting and internal control systems, 
where the internal audit unit sets relevant auditing programs 
according to results from risk assessment on dishonest 
conduct, as well as reviewing status of following preventive 
measures against dishonest conduct, or commissioning the 
accountant to review? 
(5) Does the Company regularly hold internal and external 
educational trainings on operational integrity? 
 
 
 
 
 
 
 
 
V 
 
 
 
 
 
V 
 
 
 
 
 
 
V 
provides each employee with the “Reminder card 
on unfair competition and bribing”. since 2017, 
employees are required to carry the card with 
them as a reminder.  All employees are 
reminded not to accept bribes and illegal gifts 
before Chinese national holidays, and the 
Company clarifies and advocates for the proper to 
all its employees from time to time. 
3. In the “Code of ethical conduct for employees,” the 
Company has set relevant regulations on preventing 
conflict of interests. Reporting mailbox are specified 
on employee cards and internal EIP website and 
ASUS Official Website of the Company for 
exposing inadequate conducts. 
4. In addition to establishment of adequate accounting 
and internal control systems, ASUS also prohibits 
external account or keeping of secret account. The 
status of adherence with said systems are regularly 
reviewed by internal auditing personnel and reported 
to the board of directors. 
 
5. Honesty is very important in ASUS culture. The 
Company set precise and practical conduct 
indicators, which are listed among measures of 
annual performance. In order to realize promotion of 
honest operation and recognizing necessity on

91
 
Assessment Item 
Implementation Status 
Deviations from “the Ethical 
Corporate Management Best-
Practice Principles for 
TWSE/TPEx Listed 
Companies” and Reasons 
Y 
N 
Summary 
honesty and adherence to principles, ASUS has 
planned live and online courses thoroughly, which 
include relevant legal training on company policy, 
Code of ethical conduct for employees, information 
security and PDPA (Personal Data Protection Act). 
A total of 41,127 personnel and 27,229.4 hours on 
educational training related to honest operation was 
completed in 2021, which covers the following 
courses:  
i. Code of ethical conduct for employees: 
a. New employee: the contents covers insider 
trading (*Note), antitrust, conflict of interests, 
hosting and socializing, as well as confidential 
information and gifts. 
(*Note) Including what inside information, 
insider trading actors and regulated subjects 
mean, and facts that constitute violations of 
insider trading, and statutory interpretations, 
etc. 
b. Annual training: the emphasis lies on key 
concepts and propaganda of practical cases. 
ii. Training for new employees: the contents cover 
corporate policy, culture, sustainable operation, 
the salary system, concept of honest operation, 
ASUS Management System and internal control 
and internal audit.

92
 
Assessment Item 
Implementation Status 
Deviations from “the Ethical 
Corporate Management Best-
Practice Principles for 
TWSE/TPEx Listed 
Companies” and Reasons 
Y 
N 
Summary 
iii. Training on information security and personal 
information: The content covers common 
information security threats such as Business 
email fraud and phishing, personal information 
definition and application, confidential 
information and confidentiality obligations, etc. 
3. Operation of the integrity channel 
(1) Does the Company establish both a reward/punishment 
system and an integrity hotline? Can the accused be reached 
by an appropriate person for follow-up? 
 
 
 
(2) Does the Company establish standard operating procedures 
for confidential reporting on investigating accusation cases? 
 
 
(3) Does the Company provide proper whistleblower protection? 
 
V 
 
 
 
 
 
V 
 
 
 
V 
  
1. The Company’s “Investors Relations” webpage 
discloses the channel (audit@asus.com) for filing 
grievances, and the relevant disciplinary and 
grievance system are subject to the Company’s 
“Employees’ Code of Ethical Conduct” and 
“Workplace Rules.” 
2. The processing procedures are included: 1. Case 
clarification; 2. Case acceptance; 3. Collection and 
confirmation of evidence; 4. Meeting with relevant 
units; 5. Punishment in accordance with regulations. 
3. The Company will adopt confidential and necessary 
protection measures for whistleblowers.  
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies” 
 
 
 
 
 
 
4. Strengthening information disclosure  
(1) Does the Company disclose its ethical corporate management 
policies and the results of its implementation on the 
Company’s website and MOPS? 
V 
 1. 
The Company discloses the relevant content and 
information of the Code of Integrity Management 
on the company's official website, Corporate 
Sustainability and annual report. 
2. 
If necessary, the status of ethical corporate 
management is disclosed in the “material 
information” section on the Company’s Corporate 
Compliant with the Code of 
“the Corporate Governance 
Best-Practice Principles for 
TWSE/TPEx Listed 
Companies”

93
 
Assessment Item 
Implementation Status 
Deviations from “the Ethical 
Corporate Management Best-
Practice Principles for 
TWSE/TPEx Listed 
Companies” and Reasons 
Y 
N 
Summary 
Sustainability and Investor Website. 
5. If the Company has established the ethical corporate management policies based on the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx 
Listed Companies, please describe any discrepancy between the policies and their implementation 
There have been no differences 
6. Other important information to facilitate a better understanding of the Company’s ethical corporate management policies: 
In addition to this Annual Report, please refer to the information of disclosure related to ASUS’s Corporate Sustainability http://csr.asus.com/chinese/index.aspx.

94
 
 (VIII) Approach to search the corporate governance best-practice principles defined by the 
Company and related regulations: 
The Company has defined its “corporate governance best-practice principles”.  
Please see the “important internal rules” in the “corporate governance” section on the 
Company’s investor relation website: http://www.asus.com/tw/Investor/。 
 
(VIIII) Other important information that helps understand corporate governance: 
1. Execution of Rights for Investor Relationship, Supplier Relationship, Stakeholder 
Relationship: ASUS upholds to integrity and maintains long-term cooperation for 
co-prosperity with various business partners. Please attain critical information from 
the investor relationship website and Corporate Social Responsibility website. 
2. Pursuit of Study for Directors: Please refer to the disclosure matters on this Annual 
Report. 
3. Director Liability Insurance: The Company has insured liability insurance for all 
directors . 
4. Establish a good internal material inside information and disclosure mechanism in 
accordance with the ASUS “Procedures for Handling Insider Material Information” 
to avoid improper leakage of information and assure consistency and correctness in 
the announcement of public ASUS information. The operating procedures and the 
educational advocacy for relevant laws and regulations shall be notified to the 
Company directors, managers, and all employees through internal company website, 
contracts, and courses and announcements for education and training for due 
compliance of  relevant procedures. In 2021, all board members attended online 
courses on regulatory requirements for insider trading and all 13 board members 
have learned and understood relevant information on the laws and regulations. 
Managerial officers and all employees also have attended online course on the 
"Ethics and Code of Conduct for Employees" (which covers information on insider 
trading). A total of 14,910 people completed the training for an achievement rate of 
100%. 
 
Please refer to the “internal rules” of “corporate governance” on the Company’s 
homepage for the operating procedure in details: http://www.asus.com 
 
(X) Enforcement of internal control 
1. Declaration of Internal Control: Please refer to Page 187. 
2. If the Company is requested by the SEC to retain CPA’s service for examining 
internal control system, the Independent Auditor’s Report must be disclosed: None 
 
(XI) The punishment delivered to the Company and the staff of the Company, or, the 
punishment delivered by the Company to the staff for a violation of internal control 
system, the major nonconformity, and the corrective action in the most recent years and 
up to the date of the annual report printed: None 
 
(XII) Resolutions reached in the Shareholders’ Meeting or by the board of directors in the 
most recent years and up to the date of the annual report printed:

95
 
1. The important resolutions of the general shareholder meeting: 
Date 
Major resolutions 
Review of execution  
Jul 30, 2021 
AGM 
 
(The original 
date of 
2021.06.10 
postponed 
due to the 
pandemic) 
1. To adopt 2020 Business Report 
and Financial Statements. 
The proposal was approved by proxy as it 
was and would be the basis for the 2020 
profit distribution. 
2. To adopt the proposal for 
distribution of 2020 profits. 
The proposal was approved by proxy.  
The board of directors set the record date 
of allocation of dividend on August 8, 
2021, and date of allocation of cash 
dividend on August 26, 2021. 
3. Amendment to the “ARTICLES 
OF INCORPORATION” 
The proposal has been voted and 
approved with resolution, which is 
executed according to the revise’s 
clauses. 
4. Amendment to the “Rules for 
Election of Directors” 
The proposal has been voted and 
approved with resolution, which is 
executed according to the revise’s 
clauses. 
 
2. The important resolutions of the Board of Directors: 
Date 
Major resolutions 
Jan 20, 2021 
1. Project report of the Company's subsidiary JINSHUO CULTURAL 
DIFFUSION CO., LTD. 
2. Approved on donating to the ASUS Foundation for 2021. 
3. Approved the proposal on the 2020 year-end performance bonus distribution 
to managers.  
Feb 4, 2021 
Approved the strategic investment cooperation proposal between the Company 
and PORTWELL INC. 
Mar 17, 2021 
1. Report on the performance and results of the performance evaluation of the 
board of directors and functional committees of the Company in 2020. 
2. Approved the assessment of CPA’s independence for 2020. 
3. Approved the company and some subsidiaries' accountants' fiscal and tax 
signing public expense standards and changes 
4. Approval of whether the company’s major accounts should be transferred to 
capital loans for Q4, 2020. 
5. Approved the proposal of the 2020 compensations to directors and 
employees. 
6. Approved the annual business report and financial statement for 2020. 
7. Approved the proposal on profit distribution of 2020. 
8. Approved the proposal on the amendments to the “Articles of Association” 
of the Company. 
9. Approved the proposal on the amendments to the “Rules for Election of 
Directors” of the Company. 
10. Approved the matters of convening 2021 Shareholders’ meeting. 
11. Approved the lifting of restrictions on the non-compete clause of the 
Company’s managers. 
12. Approved the company's new bank "Foreign Exchange and Derivative 
Commodity Trading Quota" proposal 
13. Approved the case of signing a bank loan contract and annual contract 
extension for the Company.

96
 
Date 
Major resolutions 
14. Approved the presentation of the “Statement of Internal Control System for 
2020.” 
May 12, 2021 
1. Approval of whether the company’s major accounts should be transferred to 
capital loans for 2021Q1. 
2. Approved the consolidated financial statements for 2021Q1. 
3. Approved the Company’s new proposal on “Foreign Exchange and 
Derivative Commodity Trading Quota” 
4. Approved the Company's signing of the Comprehensive Credit Line 
Agreement with banks. 
Jul 1, 2021 
1. Approved the postponement of the 2021 annual general meeting. 
2. Approved the date of record for distribution of 2020 cash dividends. 
Jul 21, 2021 
1. 2020 Corporate Social Responsibility Report Issuance Report. 
2. Report on the results of 2020 corporate governance evaluation. 
1. Approved the proposal of the annual renewal of the company’s bank credit. 
2. Approved the proposal for compensation distribution to directors. 
3. Approved the Company’s mid-year performance bonus distribution for 
managers in 2020. 
Aug 11, 2021 
1. Approved the proposal of whether the major accounts of the company 
should be transferred to the capital loan for 2021Q2. 
2. Approved the consolidated financial statements for 2021Q2. 
3. Approved the company and some subsidiaries' accountants' fiscal and tax 
signing public expense standards and changes for 2021. 
4. Ratification of the approval of the increasing total of tariffs pledged 
Nov 10, 2021 
1. The corporate integrity management implementation status report 
2. Report on the performance status of the Company’s intellectual property 
management. 
3. Approved the case of whether the major accounts of the company should be 
transferred to the capital loan for 2021Q3. 
4. Approved the consolidated financial statements for 2021Q3. 
5. Approved the donation to Tzu Chi Charity Foundation. 
6. Approved the Company's lending of funds to its subsidiary Askey Computer 
Corp. 
7. Approved the presentation of “2022 Annual Audit Plan.” 
Jan 25, 2022 
1. Report on the renewal of directors and supervisors liability insurance 
policies. 
2. Approved on donating to the ASUS Foundation for 2022. 
3. The salary and remuneration committee reviewed the distribution of 2021 
year-end bonuses and performance bonuses for managers 
Mar 16, 2022 
1. Reported on 2021 performance appraisal of the board and functional 
committees and the results 
2. Approved the assessment of CPA’s independence for 2020. 
3. Approval of whether the company’s major accounts should be transferred to 
capital loans for 2022Q4. 
4. Approved the acquisition of right-of-use "assets of smart factory in Shulin". 
5. Approved the proposal of the 2021 compensations to directors and 
employees. 
6. Approved the annual business report and financial statement for 2021.

97
 
Date 
Major resolutions 
7. Approved the proposal on profit distribution of 2021. 
8. 
Approved the proposal on the amendments to the “Procedures for 
Acquisition or Disposal of Assets”. 
9. Passed the proposal on the full re-election of directors of the 13th intake. 
10. Approved the list of candidates for the 13th batch of directors nominated by 
the board 
11. Approved the matters of convening 2022 Shareholders’ meeting. 
12. Approved the presentation of the “Statement of Internal Control System for 
2021.” 
 
(XIII) Major Issues of Record or Written Statements Made by Any Director Dissenting to Important 
Resolutions Passed by the Board of Directors in 2021 and as of the Date of this Annual Report: 
None 
 
(XIIII) Resignation or Dismissal of the Company’s Key Individuals, Including the Chairman, CEO, 
and Heads of Accounting, Finance, Internal Audit and R&D: None 
 
IV. CPAs fees 
Unit: NT$ thousands 
Accounting Firm 
Name of CPA 
Period 
Covered by 
CPA’s Audit 
Audit 
Fee 
Non-audit 
Fee 
PricewaterhouseCoopers, 
Taiwan 
CHOU, 
CHIEN-HUNG 
LIN,  
CHUN-YAO 
Jan 1, 2021~ 
Dec 31, 2021 
7,800 
3,830 
Note: The non-audit service fees include NT$1,200 thousand for enterprise master files and country-by-
country reporting services, NT$1,030 thousand for international tax services and consulting services, NT$860 
thousand for subsidiaries’ financial information review services, NT$500 thousand for correction and appeals 
review of profit-seeking enterprise tax services, NT$140 thousand for patent trust business model tax 
consulting services, NT$70 thousand for salary for non-executive employees review service and NT$30 
thousand for registration of new medical materials manufacturing service. 
 
(I) When the company changes its accounting firm and the audit fees paid for the fiscal year in which 
such change took place are lower than those for the previous fiscal year, the accounts of the audit 
fees before and after the change and the reasons shall be disclosed: None. 
 
(II) When the audit fees paid for the current fiscal year are lower than those for the previous fiscal year 
by 10% or more, the reduction in the amount of audit fees, reduction percentage, and reasons 
therefor shall be disclosed: None. 
 
V. CPA’s information: None. 
 
VI. If the chairman, president, and financial or accounting manager of the Company who 
had worked for the independent auditor or the related party in the most recent year, 
the name, title, and the term with the independent auditor or the related party must be 
disclosed: None.

98
 
VII. Information on Net Change in Shareholding and Net Change in Shares Pledged by 
Directors, Department Heads and Shareholders of 10% Shareholding or More: 
 
(1) Information on Net Change in Shareholding 
Title 
Name 
2021 
As of April 10, 2022 
Holding 
Increase 
(Decrease) 
Pledged 
Holding 
Increase 
(Decrease) 
Holding 
Increase 
(Decrease) 
Pledged 
Holding 
Increase 
(Decrease) 
Chairman & Chief 
Branding Officer 
Jonney Shih  
0 
0 
0 
0 
Vice Chairman &  
Chief Strategy Officer 
Ted Hsu 
0 
0 
0 
0 
Director 
Jonathan Tsang 
0 
0 
0 
0 
Director & CO-Chief 
Executive Officer 
S.Y. Hsu 
0 
0 
0 
0 
Director & CO-Chief 
Executive Officer 
Samson Hu 
0 
0 
0 
0 
Director 
Eric Chen 
0 
0 
0 
0 
Director &  
Chief Operating Officer Joe Hsieh 
0 
0 
0 
0 
Director 
Jackie Hsu 
0 
0 
0 
0 
Director 
Jerry Shen 
(274,000) 
0 
0 
0 
Director 
Tze-Kaing Yang 
0 
0 
0 
0 
Independent Director 
Chung-Hou Tai 
0 
0 
0 
0 
Independent Director 
Ming-Yu Lee 
0 
0 
0 
0 
Independent Director 
Chun-An Sheu 
0 
0 
0 
0 
Corporate V.P. 
Henry Yeh 
0 
0 
0 
0 
Corporate V.P. 
Alex Sun 
0 
0 
0 
0 
Corporate V.P. 
Taiyi Huang 
0 
0 
0 
0 
Corporate V.P. 
Albert Chang 
0 
0 
12,000 
0 
Corporate V.P. 
Tenlong Deng 
0 
0 
0 
0 
Corporate V.P. 
Chih-peng Wu 
0 
0 
0 
0 
Corporate V.P. 
Kent Chien 
44,000 
0 
(44,000) 
0 
Corporate V.P. 
Vincent Chiou 
0 
0 
0 
0 
Corporate V.P. 
Benson Lin 
(6,000) 
0 
6,000 
0 
Corporate V.P. 
Rex Lee 
0 
0 
0 
0 
Chief Financial Officer Nick Wu 
0 
0 
0 
0 
Comptroller 
Winnie Liu 
0 
0 
0 
0 
Corporate Governance 
Officer 
Francy Jeng 
0 
0 
0 
0

99
 
(2) Stock transfers to related parties: None. 
 
(3) Pledge of stock rights to related parties: None. 
 
VIII. Information on relationships among the top ten shareholders 
Base Date: April 10, 2022 
Name 
Current Shareholding 
Spouse’s / 
minor’s 
Shareholding 
Shareholding 
by nominee 
arrangement 
Specify the names and 
relations of the top-10 
shareholders who are 
related-parties or spouse 
or kindred within the 
2nd degree of kinship 
Shares 
% 
Shares 
% 
Shares 
% 
Name 
Relation 
Jonney Shih 
30,093,638 
4.05 
0 
0 
0 
0 
None 
None 
Cathay United Bank 
managed Expert Union 
Limited Investment 
account 
20,684,542 
2.78 
0 
0 
0 
0 
None 
None 
ASUS’s Certificate of 
Depository with 
CitiBank (Taiwan) 
19,684,932 
2.65 
0 
0 
0 
0 
None 
None 
Yuanta Taiwan High 
Dividend Fund 
Account 
13,961,641 
1.88 
0 
0 
0 
0 
None 
None 
New Labor Pension 
Fund 
13,949,752 
1.88 
0 
0 
0 
0 
None 
None 
Morgan Stanley Co. 
International PLC 
12,436,524 
1.69 
0 
0 
0 
0 
None 
None 
Silchester International 
Investors International 
Value Equity Trust 
11,037,000 
1.49 
0 
0 
0 
0 
None 
None 
Fubon Life Insurance 
Co., Ltd. 
10,027,000 
1.35 
0 
0 
0 
0 
None 
None 
JPMorgan Chase Bank 
N.A. Taipei Branch in 
Custody for Vanguard 
Total International 
Stock Index Fund, a 
series of Vanguard 
Star Funds 
9,933,937 
1.34 
0 
0 
0 
0 
None 
None 
Vanguard Emerging 
Markets Stock Index 
Fund, a Series of 
Vanguard International 
Equity Index Funds 
9,042,511 
1.22 
0 
0 
0 
0 
None 
None

100
 
IX. Ownership of Shares in Affiliated Enterprises: 
 
Total Shareholding Ratio 
          Base date: Dec.31.2021, Unit: Share; % 
Affiliated  
Enterprises 
Ownership by the 
Company 
Direct or Indirect 
Ownership by Directors, 
Supervisors, Managers 
Total Ownership 
Shares 
% 
Shares 
% 
Shares 
% 
ASUS TECHNOLOGY 
INCORPORATION 
 19,000,000 
 100.00 
 
 
  19,000,000 
100.00 
ASKEY COMPUTER CORP. 
480,000,000 
 100.00 
 
 
480,000,000 
100.00 
HUA-CHENG VENTURE 
CAPITAL CORP.  
114,500,000 
 100.00 
 
 
  114,500,000 
 100.00 
HUA-MIN INVESTMENT 
CO., LTD.  
 68,000,000 
 100.00 
 
 
   68,000,000 
 100.00 
UNIMAX ELECTRONICS 
INC. 
 21,300,000 
 100.00 
 
 
 21,300,000 
100.00 
JINSHUO CULTURAL 
DIFFUSION CO., LTD. 
- 
100.00 
 
 
- 
100.00 
JOTECH LTD. 
 
 
3,000,000 
100.00 
3,000,000 
100.00 
TAIWAN WEB SERVICE 
CORP. 
29,900,000 
100.00 
 
 
29,900,000 
100.00 
ASUS CLOUD 
CORPORATION 
23,645,558 
  94.58 
 
 
23,645,558 
  94.58 
ONYX HEALTHCARE INC. 
1,694,112 
5.60 
20,697,900 
68.40 
22,392,012 
74.00 
INTERNATIONAL UNITED 
TECHNOLOGY CO., LTD. 
 11,323,167 
  69.25 
515 
0.00 
   11,323,682 
  69.25 
SHINEWAVE 
INTERNATIONAL INC. 
  5,468,750 
  50.99 
1,000 
0.01 
    5,469,750 
  51.00 
ASMEDIA TECHNOLOGY 
INC. 
24,457,660 
35.40 
  7,317,655 
10.59 
  31,775,315 
45.99 
NEXT SYSTEM LIMITED 
  8,560,974 
 43.48 
 
 
  8,560,974 
 43.48 
AAEON TECHNOLOGY 
INC. 
43,756,000 
29.44   16,718,000 
 11.25 
   60,474,000 
 40.69 
UPI SEMICONDUCTOR 
CORP. 
20,135,968 
28.48 
3,753,937 
5.31 
23,889,905 
33.79 
GAIUS HOLDINGS 
LIMITED 
16,386,481 
35.00 
 
 
16,386,481 
35.00 
IMOTION, GROUP INC. 
22,950,000 
25.50 
4,050,000 
4.50 
27,000,000 
30.00 
Portwell, Inc. 
29,493,170 
30.00 
 
 
29,493,170 
30.00 
LELTEK HOLDINGS CO., 
LTD. 
8,418,740 
22.78 
 
 
8,418,740 
22.78 
DEEP01 LIMITED 
674,908 
21.96 
 
 
674,908 
21.96 
JOINT POWER EXPONENT, 
LTD. 
1,040,000 
8.00 
960,000 
7.38 
2,000,000 
15.38 
JIE-LI TECHNOLOGY CO., 
LTD. 
 2,247,888 
6.29 
  4,111,660 
11.49 
   6,359,548 
17.78 
ASUS COMPUTER 
INTERNATIONAL 
    50,000 
 100.00 
 
 
   50,000 
 100.00 
ASUS HOLLAND B. V. 
  10,800,000 
 100.00 
 
 
  10,800,000 
 100.00

101
 
Affiliated  
Enterprises 
Ownership by the 
Company 
Direct or Indirect 
Ownership by Directors, 
Supervisors, Managers 
Total Ownership 
Shares 
% 
Shares 
% 
Shares 
% 
ASUS INTERNATIONAL 
LIMITED 
 89,730,042 
 100.00 
 
 
  89,730,042 
 100.00 
ASUS GLOBAL PTE.LTD. 
28,000,000 
100.00 
 
 
28,000,000 
100.00 
QUANTUM CLOUD 
INTERNATIONAL PTE. 
LTD. 
830,001 
100.00 
 
 
830,001 
100.00 
PT.ASUS TECHNOLOGY 
INDONESIA JAKARTA 
8,415 
99.00 
85 
1.00 
8,500 
100.00 
PT.ASUS TECHNOLOGY 
INDONESIA BATAM 
4,168,989 
99.00 
42,111 
1.00 
4,211,100 
100.00 
CHANNEL PILOT LIMITED 
 
 
 30,033,000 
 100.00 
 30,033,000 
 100.00 
ASUS TECHNOLOGY PTE. 
LIMITED 
 
 
 44,419,424 
 100.00 
 44,419,424 
 100.00 
ASUS EGYPT L. L. C. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS MIDDDLE EAST 
FZCO 
 
          107 
 100.00 
          107 
 100.00 
ASUS COMPUTER 
(SHANGHAI) CO., LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS TECHNOLOGY 
(HONG KONG) LIMITED 
 
 
    500,000 
 100.00 
      500,000 
 100.00 
ASUS TECHNOLOGY 
(SUZHOU) CO., LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUSTEK COMPUTER 
(SHANGHAI) CO. LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUSTEK Computer 
(CHONGQING) CO., LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS INVESTMENTS 
(SUZHOU) CO., LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS COMPUTER GMBH 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS FRANCE SARL 
 
 
      5,300 
 100.00 
      5,300 
 100.00 
ASUSTEK (UK) LIMITED 
 
 
     50,000 
 100.00 
     50,000 
 100.00 
ASUS KOREA CO., LTD. 
 
 
    158,433 
 100.00 
    158,433 
 100.00 
ASUS POLSKA SP. Z O. O. 
 
 
      1,000 
 100.00 
      1,000 
 100.00 
ASUS TECHNOLOGY 
PRIVATE LIMITED 
 
 
20,134,400 
 100.00 
  20,134,400 
 100.00 
ASUS EUROPE B. V. 
 
 
    375,000 
 100.00 
      375,000 
 100.00 
ASUS TECHNOLOGY 
(VIETNAM) CO., LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUSTEK ITALY S. R. L. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS SPAIN, S.L.U. 
 
 
      3,000 
 100.00 
        3,000 
 100.00 
ASUS JAPAN 
INCORPORATION 
 
 
     20,500 
 100.00 
       20,500 
 100.00

102
 
Affiliated  
Enterprises 
Ownership by the 
Company 
Direct or Indirect 
Ownership by Directors, 
Supervisors, Managers 
Total Ownership 
Shares 
% 
Shares 
% 
Shares 
% 
ASUS COMPUTER CZECH 
REPUBLIC S. R. O. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS CZECH SERVICE S. R. O. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS SERVICE 
AUSTRALIA PTY LIMITED 
 
 
    950,000 
 100.00 
    950,000 
 100.00 
ASUS AUSTRALIA PTY 
LIMITED 
 
 
    350,000 
 100.00 
    350,000 
 100.00 
ASUS INDIA PRIVATE 
LIMITED 
 
 
 33,500,000 
 100.00 
 33,500,000 
 100.00 
ASUS ISRAEL 
(TECHNOLOGY) LTD. 
 
 
50,000 
100.00 
50,000 
100.00 
PT. ASUS SERVICE 
INDONESIA 
 
 
1,500,000 
100.00 
1,500,000 
100.00 
ACBZ IMPORTACAO E 
COMERCIO LTDA. 
 
 
549,469,000 
 100.00 
 549,469,000 
 100.00 
ASUS PERU S. A. C. 
 
 
4,195,740 
100.00 
4,195,740 
100.00 
ASUS HOLDINGS MEXICO, 
S. A. DE C. V. 
 
 
51,120 
100.00 
51,120 
100.00 
ASUS COMPUTER 
COLOMBIA S. A. S. 
 
 
74,489 
100.00 
74,489 
100.00 
ASUS HUNGARY 
SERVICES LIMITED 
LIABILITY COMPANY 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS PORTUGAL, 
SOCIEDADE UNIPESSOAL 
LDA. 
 
 
     30,000 
 100.00 
       30,000 
 100.00 
ASUS SWITZERLAND 
GMBH 
 
 
      3,400 
 100.00 
      3,400 
 100.00 
ASUS NORDIC AB 
 
 
3,000 
100.00 
3,000 
100.00 
ASUS (THAILAND) CO., 
LTD. 
 
 
 20,000 
 100.00 
20,000 
 100.00 
ASUSTEK COMPUTERS 
(PTY) LIMITED 
 
 
1,000 
100.00 
1,000 
100.00 
ASUSTEK COMPUTER 
MALAYSIA SDN. BHD. 
 
 
500,000 
 100.00 
500,000 
 100.00 
ASUS SERVICE 
(THAILAND) CO., LTD. 
 
 
60,000 
100.00 
60,000 
100.00 
ASUS CHILE SPA 
 
 
1,000 
100.00 
1,000 
100.00 
ASUS PHILIPPINES 
CORPORATION 
 
 
1,059,995 
100.00 
1,059,995 
100.00 
ASUS BILGISAYAR 
SISTEMLERI 
TICARET.LIMITD.SIRKETI 
 
 
2,046 
100.00 
2,046 
100.00 
ASUS TEKNOLOJI 
SERVISLERI TICARET 
LIMITED SIRKETI 
 
 
3,000 
100.00 
3,000 
100.00

103
 
Affiliated  
Enterprises 
Ownership by the 
Company 
Direct or Indirect 
Ownership by Directors, 
Supervisors, Managers 
Total Ownership 
Shares 
% 
Shares 
% 
Shares 
% 
QC SERVER AB 
 
 
500 
100.00 
500 
100.00 
ASUS PROPERTIES 
(VIETNAM) LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
LIMITED LIABILITY 
COMPANY A25 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS UKRAINE LIMITED 
LIABILITY COMPANY 
 
 
 - 
 100.00 
 - 
 100.00 
eMES (SHUZHOU) CO., LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS CLOUD SINGAPORE 
PTE. LTD. 
 
 
  - 
 100.00 
- 
 100.00 
ASUS CLOUD 
(LUXEMBOURG) S. A R. L 
 
 
 - 
 100.00 
 - 
 100.00 
ASUS LIFE CORPORATION 
 
 
500,000 
50.00 
500,000 
50.00 
WT MICROELECTRONICS 
 
 
171,000,000 
21.44 
171,000,000 
21.44 
ASKEY INTERNATIONAL 
CORP. 
 
   10,000,000 
 100.00 
  10,000,000 
 100.00 
DYNALINK 
INTERNATIONAL CORP. 
 
 
 8,160,172 
 100.00 
 8,160,172 
 100.00 
MAGIC INTERNATIONAL 
CO., LTD. 
 
 
114,942,014 
 100.00 
114,942,014 
 100.00 
EcoLand Corporation 
 
 
780,000 
33.91 
780,000 
33.91 
ASKEY DIGITAL 
TECHNOLOGY CORP. 
 
 
3,000,000 
 100.00 
3,000,000 
 100.00 
WONDALINK INC. 
 
 
9,242,232 
 100.00 
9,242,232 
 100.00 
ASKEY (VIETNAM) 
COMPANY LIMITED 
 
 
  2,883,359 
 100.00 
  2,883,359 
 100.00 
WISE ACCESS (HK) LIMITED 
 
 
  1,600,000 
 100.00 
  1,600,000 
 100.00 
SILIGENCE SAS 
 
 
  4,623,090 
  95.95 
  4,623,090 
  95.95 
ASKEYUK CO. LIMITED 
 
 
  1,000,000 
 100.00 
  1,000,000 
 100.00 
MAGICOM 
INTERNATIONAL CORP. 
 
 
 91,030,000 
 100.00 
 91,030,000 
 100.00 
ASKEY COMMUNICATION 
GMBH 
 
 
100,000 
100.00 
100,000 
100.00 
ASKEY DO BRASIL 
TECHNOLOGY LTDA. 
 
 
3,700,000 
100.00 
3,700,000 
100.00 
ASKEY CORPORATION 
(THAILAND) CO., LTD. 
 
 
20,000 
100.00 
20,000 
100.00 
ASKEY JAPAN CO., LTD. 
 
 
500,000 
100.00 
500,000 
100.00 
YANG XU ELECTRONIC 
TECHNOLOGY 
(SHANGHAI) LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
ASKEY TECHNOLOGY 
(JIANGSU) LTD. 
 
 
 - 
 100.00 
 - 
 100.00

104
 
Affiliated  
Enterprises 
Ownership by the 
Company 
Direct or Indirect 
Ownership by Directors, 
Supervisors, Managers 
Total Ownership 
Shares 
% 
Shares 
% 
Shares 
% 
AAEON 
ELECTRONICS,INC.  
  
  
    490,000 
 100.00 
    490,000 
 100.00 
AAEON TECHNOLOGY 
CO., LTD. 
 
 
8,807,097 
100.00 
8,807,097 
100.00 
AAEON TECHNOLOGY 
(EUROPE) B. V.  
  
  
      - 
 100.00 
     - 
 100.00 
AAEON TECHNOLOGY 
GMBH  
  
  
        - 
 100.00 
        - 
 100.00 
AAEON INVESTMENT CO., 
LTD. 
  
  
 15,000,000 
 100.00 
 15,000,000 
 100.00 
AAEON TECHNOLOGY 
SINGAPORE PTE. LTD.  
  
  
    465,840 
100.00 
    465,840 
100.00 
ONYX HEALTHCARE 
(SHANGHAI) LTD. 
 
 
 - 
 100.00 
 - 
 100.00 
AAEON TECHNOLOGY 
(SUZHOU) INC. 
  
  
 - 
 100.00 
 - 
 100.00 
ONYX HEALTHCARE USA, 
INC. 
  
  
 200,000 
 100.00 
 200,000 
 100.00 
ONYX HEALTHCARE 
EUROPE B. V. 
 
 
100,000 
100.00 
100,000 
100.00 
IHELPER INC. 
 
 
1,716,000 
47.67 
1,716,000 
47.67 
IBASE TECHNOLOGY INC.  
 
56,138,481 
33.60 
56,138,481 
33.60 
LITEMAX ELECTRONICS 
INC. 
  
  
9,083,921 
21.75 
9,083,921 
21.75 
WINMATE INC. 
  
  
14,341,000 
19.77 
14,341,000 
19.77 
Note: Company investment under Equity Method.

105
 
IV. Capital and Shares 
 
I. Capital and shares 
 
(1) Capitalization 
1. Type of Shares   
As of April 10, 2022 / Unit: Shares 
Type of Shares 
Authorized Shares 
Remarks 
Outstanding Shares 
 (Note) 
Unissued shares 
Total 
Order common 
stock 
742,760,280 
4,007,239,720 
4,750,000,000  
Note: Listed stock 
 
2. Issued Shares 
Month / 
Year 
Par value 
(NT$) 
Authorized shares 
Paid-in Capital 
Remarks 
Shares 
Amount 
(NT$ 
thousands) 
Shares 
Amount 
(NT$ 
thousands) 
Source of capital 
Capital 
Increased by 
Assets Other 
than Cash 
Approval date and 
approval no. of 
capitalization by the SEC, 
Ministry of Finance 
1990.03 
10 
3,000 
30,000 
3,000 
30,000 Incorporation 
－ 
－ 
1990.11 
10 
8,000 
80,000 
8,000 
80,000 Cash $50 million 
－ 
－ 
1991.12 
10 
15,000 
150,000 
15,000 
150,000 
Cash $40 million 
Retained earnings $30 
million 
－ 
－ 
1993.04 
10 
19,900 
199,000 
19,900 
199,000 Cash $49 million 
－ 
－ 
1993.09 
10 
30,845 
308,450 
30,845 
308,450 Retained earnings 
$109.45 million 
－ 
1993.08.27 SFE Ruling 
(82) Tai-Tsai-Cheng (1) 
No. 30832 
1994.08 
10 
45,033.7 
450,337 45,033.7 
450,337 Retained earnings 
$141.887 million 
－ 
1994.07.21 SFE Ruling 
(83) Tai-Tsai-Cheng (1) 
No. 32675 
1995.06 
10 
60,000 
600,000 
60,000 
600,000 Retained earnings 
$149.663 million 
－ 
1995.06.15 SFE Ruling 
(84) Tai-Tsai-Cheng (1) 
No. 35196 
1996.09 
10 
200,000 
2,000,000 
120,000 
1,200,000 
Cash $12 million 
Retained earnings $588 
million 
－ 
1996.06.28 SFE Ruling 
(85) Tai-Tsai-Cheng (1) 
No. 40947 
1997.05 
10 
650,000 
6,500,000 
323,000 
3,230,000 
Cash (GDR) $210 
million 
Retained earnings $1.82 
billion 
－ 
1997.05.05 SFE Ruling 
(86) Tai-Tsai-Cheng (1) 
No. 30903 
1997.04.17 SFE Ruling 
(86) Tai-Tsai-Cheng (1) 
No. 30279 
1998.06 
10 
1,400,000 14,000,000 
811,500 
8,115,000 Retained earnings 
$4.885 billion 
－ 
1998.05.21 SFE Ruling 
(87) Tai-Tsai-Cheng (1) 
No. 44748 
1998.10 
10 
1,400,000 14,000,000 
813,500 
8,135,000 Cash $20 million 
－ 
1998.08.30 SFE Ruling 
(87) Tai-Tsai-Cheng (1) 
No. 35007 
1999.06 
10 
1,400,000 14,000,000 1,144,900 11,449,000 Retained earnings 
$3.314 billion 
－ 
1999.05.20 SFE Ruling 
(88) Tai-Tsai-Cheng (1) 
No. 47786 
1999.08 
10 
1,400,000 14,000,000 1,146,400 11,464,000 Cash $15 million 
－ 
1999.06.16 SFE Ruling 
(88) Tai-Tsai-Cheng (1) 
No. 53605 
2000.06 
10 
2,000,000 20,000,000 1,567,104 15,671,040 Retained earnings 
$4.20704 billion 
－ 
2000.05.26 SFE Ruling 
(89) Tai-Tsai-Cheng (1) 
No. 45450 
2001.06 
10 
2,100,000 21,000,000 1,976,880 19,768,800 Retained earnings 
$4.09776 billion 
－ 
2001.06.06 SFE Ruling 
(90) Tai-Tsai-Cheng (1) 
No. 135654 
2002.07 
10 
2,100,000 21,000,000 1,998,880 19,988,800 Retained earnings $220 
million 
－ 
2002.06.26 SFE Ruling 
(91) Tai-Tsai-Cheng (1) 
No. 0910134921

106
 
Month / 
Year 
Par value 
(NT$) 
Authorized shares 
Paid-in Capital 
Remarks 
Shares 
Amount 
(NT$ 
thousands) 
Shares 
Amount 
(NT$ 
thousands) 
Source of capital 
Capital 
Increased by 
Assets Other 
than Cash 
Approval date and 
approval no. of 
capitalization by the SEC, 
Ministry of Finance 
2003.07 
10 
2,450,000 24,500,000 2,281,740 22,817,400 Retained earnings 
$2.8286 billion 
－ 
2003.07.08 SFE Ruling 
Tai-Tsai-Cheng (1) No. 
0920130466 
2004.08 
10 
2,872,000 28,720,000 2,552,914 25,529,140 Retained earnings 
$2.71174 billion 
－ 
2004.07.12 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0930130836 
2005.07 
10 
3,380,000 33,800,000 2,861,205 28,612,054 Retained earnings 
$3.082914 billion 
－ 
2005.06.23 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0940125161 
2005.12 
10 
3,380,000 33,800,000 2,920,798 29,207,982 Stock shares 
$595,928,350 
－ 
2005.12.22 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0940157381 
2006.01 
10 
3,380,000 33,800,000 2,924,521 29,245,209 Convertible bond for 
stock $37,226,200 
－ 
2006.02.03 Jin-So-Son-Tzi 
No. 09501019910 
2006.03 
10 
3,380,000 33,800,000 2,998,184 29,981,838 Stock shares 
$736,629,610 
－ 
2006.01.13 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0940161197 
2006.02.27 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0950106726 
2006.04 
10 
3,380,000 33,800,000 3,040,064 30,400,638 Convertible bond for 
stock $418,799,510 
－ 
2006.04.21 Jin-So-Son-Tzi 
No. 09501073310 
2006.08 
10 
3,860,000 38,600,000 3,407,070 34,070,701 Retained earnings 
$3.67006377 billion 
－ 
2006.06.27 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0950126632 
2007.04 
10 
3,860,000 38,600,000 3,412,083 34,120,829 Convertible bond for 
stock $50,127,660 
－ 
2007.04.26 Jin-So-Son-Tzi 
No. 09601090540 
2007.09 
10 
4,250,000 42,500,000 3,652,687 36,526,871 Retained earnings 
$2.40604146 billion 
－ 
2007.06.29 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0960033204 
2007.09 
10 
4,250,000 42,500,000 3,682,512 36,825,116 Stock share 
$298,245,610 
－ 
2007.08.27 FSC Ruling 
Jin-Kwong-Cheng (1) No. 
0960044647 
2007.10 
10 
4,250,000 42,500,000 3,708,507 37,085,068 Convertible bond for 
stock $259,951,830 
－ 
2007.10.22 Jin-So-Son-Tzi 
No. 09601256950 
2008.01 
10 
4,250,000 42,500,000 3,728,359 37,283,589 Convertible bond for 
stock $198,521,460 
－ 
2008.01.17 Jin-So-Son-Tzi 
No. 09701012350 
2008.04 
10 
4,250,000 42,500,000 3,740,652 37,406,517 Convertible bond for 
stock $122,927,710 
－ 
2008.05.13 Jin-So-Son-Tzi 
No. 09701109460 
2008.08 
10 
4,250,000 42,500,000 3,751,832 37,518,315 Convertible bond for 
stock $111,798,020 
－ 
2008.08.19 Jin-So-Son-Tzi 
No. 09701207890 
2008.09 
10 
4,750,000 47,500,000 4,245,897 42,458,967 Retained earnings 
$4.94065172 billion 
－ 
2008.07.17 Jin-So-Son-Tzi 
No. 0970036193 
2008.10 
10 
4,750,000 47,500,000 4,246,051 42,460,513 Convertible bond for 
stock $1,545,780 
－ 
2008.10.22 Jin-So-Son-Tzi 
No. 09701269640 
2009.07 
10 
4,750,000 47,500,000 4,219,926 42,199,262 
Purchased Treasury 
stock for cancellation 
with decrease of 
$261,250,000 
－ 
2009.07.15 Jin-So-Son-Tzi 
No. 09801153240 
2009.08 
10 
4,750,000 47,500,000 4,246,777 
42,467,77 Retained earnings 
$268,512,150 
－ 
2009.07.01 Jin-So-Son-Tzi 
No. 0980032762 
2010.06 
10 
4,750,000 47,500,000 
637,016 
6,370,166 
spin-off and capital 
reduction 
$36,097,608,610 
－ 
2010.04.09 Jin-So-Son-Tzi 
No. 0990013609 
2010.09 
10 
4,750,000 47,500,000 
627,016 
6,270,166 
Purchased Treasury 
stock for cancellation 
with decrease of 
$100,000,000 
－ 
2010.09.14 Jin-So-Son-Tzi 
No. 09901209730 
2011.03 
10 
4,750,000 47,500,000 
617,016 
6,170,166 
Purchased Treasury 
stock for cancellation 
with decrease of 
$100,000,000 
－ 
2011.04.01 Jin-So-Son-Tzi 
No. 10001064750 
2011.08 
10 
4,750,000 47,500,000 
752,760 
7,527,603 Retained earnings 
$1,357,436,570 
－ 
2011.06.29 Jin-So-Son-Tzi 
No. 1000030060 
2013.11 
10 
4,750,000 47,500,000 
742,760 
7,427,603 
Purchased Treasury 
stock for cancellation 
with decrease of 
$100,000,000 
－ 
2013.11.21 Jin-So-Son-Tzi 
No. 10201237880

107
 
  3. Information for Shelf Registration: None 
 
(2) Shareholder Structure 
 
As of April 10, 2022 
Status of   
 shareholders 
QTY 
Government 
Agencies 
Financial 
Institutions 
Other 
Juridical 
Persons 
Domestic 
Natural 
Persons 
Foreign 
Institutions & 
Natural Persons 
Total 
Number of 
Shareholders 
4 
34 
492 
109,858 
1,394 
111,782 
Shareholding 
10 49,445,326 102,291,312 226,164,540 
364,859,092 
742,760,280 
Shareholding 
Percentage 
0.00 
6.66 
13.77 
30.45 
49.12 
100.00 
 
(3) Distribution of Shareholding 
1. Common Share 
As of April 10, 2022 
Class of 
Shareholding 
 (Unit: Share) 
Number of 
Shareholders 
Shareholding 
(Shares) 
Percentage 
   1-      999 
71,341 
15,766,520 
2.12 
    1,000-    5,000 
34,627 
61,122,966 
8.23 
    5,001-   10,000 
2,789 
20,893,735 
2.81 
   10,001-   15,000 
895 
11,275,072 
1.52 
   15,001-   20,000 
452 
8,198,485 
1.10 
   20,001-   30,000 
462 
11,658,334 
1.57 
30,001-   40,000 
223 
7,891,293 
1.06 
  40,001-   50,000 
120 
5,583,543 
0.75 
   50,001-  100,000 
286 
20,601,853 
2.77 
  100,001-  200,000 
213 
30,068,400 
4.05 
  200,001-  400,000 
132 
37,264,453 
5.02 
  400,001-  600,000 
56 
27,235,594 
3.67 
  600,001-  800,000 
38 
26,016,333 
3.50 
  800,001- 1,000,000 
25 
22,428,553 
3.02 
  Over 1,000,001 
123 
436,755,146 
58.81 
Total 
111,782 
742,760,280 
100.00 
 
2. Preferred Share: None

108
 
(4) Major Shareholders 
                                                       As of April 10, 2022 
Shareholding 
Shareholders 
Shareholding 
 
Percentage (%) 
Jonney Shih 
30,093,638 
4.05 
Cathay United Bank managed Expert Union Limited 
Investment account 
20,684,542 
2.78 
ASUS’s Certificate of Depository with CitiBank 
(Taiwan) 
19,684,932 
2.65 
Yuanta Taiwan High Dividend Fund Account 
13,961,641 
1.88 
New Labor Pension Fund 
13,949,752 
1.88 
Morgan Stanley & Co. International Plc 
12,436,524 
1.69 
Silchester International Investors International Value 
Equity Trust 
11,037,000 
1.49 
Fubon Life Insurance Co., Ltd. 
10,027,000 
1.35 
Vanguard Emerging Markets Stock Index Fund, a 
Series of Vanguard International Equity Index Funds 
9,933,937 
1.34 
JPMorgan Chase Bank N.A. Taipei Branch in Custody 
for Vanguard Total International Stock Index Fund, a 
series of Vanguard Star Funds 
9,042,511 
1.22 
 
(5) Market Price, Net Worth, Earnings, and Dividends per Common Share 
 
                                                         Unit: NT$/Share 
                           Fiscal year 
Item 
2020 
2021 
As of March 31, 
2022 (Note 9) 
Market Price Per 
Share 
 (Note 1) (Note 3) 
Highest Market Price 
265.0 
428.0 
385.0 
Lowest Market Price 
167.0 
250.0 
355.0 
Average Market Price 
227.08 
346.67 
371.91 
Net Worth Per 
Share (Note 2) 
Before Distribution 
271.64 
312.79 
- 
After Distribution 
245.64 
(Note 8) 
Earnings per share 
Weighted Average Shares 
(Note 3) 
742,760 
thousand 
shares 
742,760 
thousand 
shares 
- 
Earnings per 
shares (Note 3) 
Before adjustment 
35.76 
59.98 
- 
After adjustment 
35.76 
(Note 8) 
Dividends per 
Share 
Cash dividends 
26 
(Note 8) 
- 
Stock 
dividends 
Dividends from 
Retained earnings 
0 
(Note 8) 
- 
Dividends from 
Capital Surplus 
0 
(Note 8) 
- 
Accumulated Undistributed 
Dividend (Note 4) 
- 
- 
- 
Analysis of return 
on investment 
Price/Earning Ratio (Note 5) 
6.35 
5.78 
- 
Price/Dividend Ratio (Note 6) 
8.73 
(Note 8) 
- 
Cash Dividend Yield (Note 7) 
11.45 
(Note 8) 
-

109
 
Note 1: List the highest and lowest market price per share; also, calculate the average market price per 
share in accordance with the trade amount and shares. 
Note 2: Please base the information on the shares issued at yearned and the resolution for stock 
distribution in the Board of Directors and Shareholders Meeting. 
Note 3: If the stock dividend is to be adjusted retroactively, please list the earnings per share before and 
after the adjustment. 
Note 4: According to the regulations of security issuance, if the dividend that is not distributed can be 
accumulated till the year with retained earnings, the accumulated unpaid dividend of the year 
must be disclosed. 
Note 5: Profit ratio = Closing price per share of the year / Earning per share. 
Note 6: Earning ratio = Closing price per share of the year / Cash dividend per share 
Note 7: Cash dividend yield rate = Cash dividend per share / Closing price per share of the year 
Note 8: Subject to the approval of the annual shareholders meeting. 
Note 9: The data collected up to March 31, 2022 were included in the report printed on April 10, 2022 
for data accuracy. 
 
(6) Execution of Dividend Policy 
 
1. Dividend Policy 
The Company’s dividend policy is set by the board of directors subject to the Company’s overview 
of business, need for funding, capital expenditure and budget, internal and external environmental 
changes and shareholders’ equity.  The dividend shall be no less than 50% of the earnings after 
tax of the current year, if no other special circumstances shall be taken into consideration.  The 
industrial environment in which the Company operates is changeable and the Company is still 
growing for the time being. In consideration of the Company’s long-term financial planning and to 
satisfy shareholders’ need toward cash inflow, the cash dividend to be allocated each year shall be 
no less than 10% of the total stock dividend. 
 
2. Proposed Distribution of Dividends: 
(1)In the 2021, the net income after tax was NT$44,549,798,013, the distributable surplus was 
NT$42,319,410,828. After take into consideration of the unappropriated earnings of prior years 
of NT$88,063,906,749, the total distributable surplus was NT$130,383,317,577. The proposed 
distribution of shareholder dividends was NT$31,195,931,760, which is NT$42 per share and 
will be paid in cash. 
(Please refer to the Company’s 2021 Earnings Distribution Table) 
(2)If the dividend ratio of the earnings distribution is changed and must be adjusted as a result of a 
change in the number of outstanding shares, it is proposed to have the Chairman authorized in 
the meeting of shareholders to arrange necessary adjustments. 
(3)Shareholder cash dividend that is less than NT$1 should be rounded up to dollar; also, fractional 
shares will be purchased by persons arranged by the Chairman, authorized by the meeting of 
shareholders 
(4)Upon the approval of the annual meeting of shareholders, it is proposed that the Chairman be 
authorized to resolve the dividend record date and other relevant issues.

110
 
Distribution of Retained Earnings 
 
In 2021                                                         Unit: NT$ 
Account 
 Amount 
Note 
Unappropriated earnings - beginning 
 88,063,906,749 
 
  (+) 2021 Net Income 
44,549,798,013 
 
  (+) Change in associates and joint 
ventures accounted for under equity 
method 
0 
 
  (+) Disposal of financial assets at fair 
value through other comprehensive 
2,471,769,574 
 
  (-) Appropriated 10% legal reserve 
(4,702,156,759) 
 
2021 Distributable surplus 
42,319,410,828 
 
Distributable earnings - current 
130,383,317,577 
 
(-) Distributions： 
 
 
Shareholder bonus 
 31,195,931,760 NT$42 per share 
2021 Unappropriated earnings 
 11,123,479,068 
 
Unappropriated earnings - ending 
 99,187,385,817 
 
Note: Earnings distribution of the year is appropriated from the 2021 after-tax distributable 
earnings. 
 
(7) Impact of the proposed stock dividend in shareholders meeting on business performances and EPS: 
None 
(8) Compensation to Employees and Directors 
1. Scope of remuneration to employees and directors referred to in the Articles of Incorporation 
The amount to cover accumulated loss shall be reserved from the earnings of this year, and no 
less than 1% of the balance as the remuneration to employees and no more than 1% of the balance 
as the remuneration to directors. 
The subject of above-mentioned staff remuneration distribution shall include staff of controlling 
and subsidiary company that complies with certain conditions. 
 
2. The basis for estimating the remuneration to employees and directors for calculating the number 
of shares to be distributed as remuneration to employees, and the accounting treatment of the 
discrepancy, if any, between the actual distributed amount and the estimated figure, for the current 
period: 
When allocating remuneration to employees from stock, the basis for estimation shall be based 
on the closing price on the day prior to resolution of the board of directors and by taking into 
consideration the ex-right and ex-dividend effect.  Notwithstanding, in the case of the accounting 
treatment of the discrepancy between the actual distributed amount and the estimated figure, it 
shall be identified as accounting changes and stated as the income of the year of allocation.

111
 
3. Allocation of remuneration adopted by the board of directors in 2021 
(1) Remuneration to employees and directors to be allocated in cash: 
 
Amount (NT$) 
Remuneration to employees 
3,204,068,890 
Remuneration to directors 
168,635,205 
Any discrepancy between that amount and the estimated figure for the fiscal year these 
expenses are recognized: None. 
(2) The amount of remuneration to employees distributed in stocks, and the size of that amount 
as a percentage of the sum of the after-tax net income stated in the parent company only 
financial reports or individual financial reports for the current period and total remuneration 
to employees: N/A, in order to deal with the expensed remuneration to employees and 
directors. 
 
4. The actual remuneration allocated to employees and directors actually in 2020: 
(1) The actual remuneration allocated to employees and directors: 
 
Amount (NT$) 
Remuneration to employees 
1,865,638,448 
Remuneration to directors 
98,191,497 
 
(2) Discrepancy between said amount and remuneration to employees and directors: None. 
 
(9) Buyback of Common Stock: None. 
 
II. Status of issuance of corporate bonds: 
 
(I) Corporate bonds: None 
(II) Convertible bonds: None 
(III) Exchangeable Bonds: None 
(IV) Self registration in Taiwan: None 
(V) Bond with warrants: None 
 
III. Preferred shares: None 
 
IV. Issuance of global depository receipts 
 
       Date of issuance (process) 
Item 
May 30, 1997 
Issue date 
May 30, 1997 
Location of issuance and trade 
London / Luxembourg 
Note 1: Location for issuance and trade changed from London 
to Luxemburg starting March 28, 2013.  
Total amount 
US$235, 830,000 
Unit Price 
US$11.23 / GDR

112
 
Total issuance 
21,000,000 GDRS 
Source of common stock recognition 
One GDR stands for one common stock share of ASUS 
Note 2: The Company’s stock exchange ratio has changed from 
one GDR for one common stock share to one GDR to 
five common stock shares since January 2, 2008. 
Note 3: ASUS had capital reduction arranged on June 24, 2010. 
The proportion of outstanding convertible is 1,000 
shares for 150 shares. 
Total marketable security shares recognized 
Stands for 21,000,000 common stock shares of ASUS 
Rights and obligations of GDR holders 
Please refer to Attachment A 
Trustee 
None 
GDR institute 
CITIBANK, NA 
Depository institute 
Citibank Taiwan Limited 
Outstanding GDR 
3,936,986 GDRS (December 31, 2021) 
Issuance and expense amortization throughout the 
issuance period  
It is to be amortized in three years on average after issuance 
according to Article 243 of Company Law 
GDR agreement and depository agreement 
Please refer to Attachment B 
Market price 
per unit 
(US$) 
2021 
Highest 
US$ 73.27 
Lowest 
US$ 44.75 
Average 
US$ 61.74 
As of April 10, 2022 
Highest 
US$ 68.91 
Lowest 
US$ 62.53 
Average 
US$ 65.99 
Item 
 
GDR 
Total marketable security 
shares recognized 
Date 
Amounts 
Price 
Issue Amount 
Shares 
Price / Per 
share 
Date and 
remainder of 
initial 
issuance A 
86/05/30 
21,000,000 
USD11.23 
235,830,000 
21,000,000 
0 
Date and 
Remainder 
of 
Additional 
Issuance 
After the 
Initial 
Issuance B 
87/06/15 
25,478,476 
0 
0 
25,478,476 
0 
87/10/26 
56,628 
0 
0 
56,628 
0 
88/06/14 
18,893,413 
0 
0 
18,893,413 
0 
88/08/30 
69,309 
0 
0 
69,309 
0 
89/08/11 
23,830,652 
0 
0 
23,830,652 
0 
90/08/30 
20,663,365 
0 
0 
20,663,365 
0 
92/08/01 
6,256,511 
0 
0 
6,256,511 
0 
93/08/15 
10,924,803 
0 
0 
10,924,803 
0 
94/08/29 
10,654,365 
0 
0 
10,654,365 
0 
95/09/21 
13,439,142 
0 
0 
13,439,142 
0 
96/09/20 
6,310,972 
0 
0 
6,310,972 
0 
97/01/02 
-126,062,109 
0 
0 
0 
0

113
 
97/09/30 
3,142,032 
0 
0 
15,710,161 
0 
98/09/23 
64,927 
0 
0 
324,639 
0 
99/06/24 
-29,514,114 
0 
0 
-147,570,571 
0 
100/09/01 
1,111,472 
0 
0 
5,557,362 
0 
Total 
Number of 
Remainder 
for Issuance 
D 
6,319,844 
31,599,227 
 
Attachment A 
1. Voting rights: No voting rights may be exercised directly but the GDR institute shall be instructed 
to exercise voting rights according to the GDR agreement. 
 
2. Dividend distribution, stock option, and other rights: 
(1) Entitled to distribution of dividend and stock shares just like the common shareholders of 
ASUS. GDR institute may have GDR issued proportionally to shareholdings or increase the 
common stock shares recognized with each GDR or have stock dividend sold on behalf of 
GDR holders and with the income distributed to GDR holders proportionally. 
(2) GDR institute reserves the said rights provided to GDR holders within the scope defined by 
the law of R.O.C. or international law, or, GDR institute may have the said rights sold on 
behalf of GDR holder and with the income distributed to GDR holders proportionally. 
 
Attachment B 
1. GDR agreement: 
(1) Transfer/split: The ownership of GDR is evidenced by EUROCLEAR and CEDEL book 
transaction and split system. 
(2) Dividend and others: 
 Cash dividend in US$ net of GDR institute fees and tax withholding is distributed to GDR 
holders proportionally to their holdings. 
 For the distribution of stock dividend, GDR holders are to have the total GDR adjusted 
proportionally to the shareholding ratio recognized with GDR holdings; also, adjusted 
the GDR of GDR holders accordingly. GDR institute may have the income distributed 
to GDR holders proportionally. 
 When issuing new stock shares for cash capitalization or arranging stock option, GDR 
institute may (I) arrange stock subscription or (II) entrust the said right to GDR holders; 
however, the new stock shares for cash capitalization are limited to the exemption 
registered with SFC. 
 GDR institute must strive to have cash dividend and stock dividend distributed to GDR 
holders. 
(3) Voting rights: Unless otherwise agreed upon, GDR institute must base on the GDR 
agreement, law of R.O.C., and the instruction of GDR holders to exercise the voting rights 
of the marketable security recognized with GDR. 
 
2. Depository agreement:

114
 
(1) Submit marketable security for the issuance of GDR. 
(2) Inform GDR institute to have GDR issued. 
(3) Deliver marketable security for the exchange of GDR 
(4) Confirm the volume of GDR monthly 
(5) Confirm the volume of GDR on the registration date 
 
V. Employee stock option certificates: None. 
 
VI. Limit on Employee New Bonus Share: None. 
 
VII. Merger and acquisitions or stock shares transferred with new stock shares issued: 
(1) The merger completed, stock shares transferred, and new stock shares issued in recent years and 
up to the date of the annual report printed: 
1. The opinions of the security underwriter who is responsible for merger, accepting other 
company’s stock share, and issuing new stock shares in the most recent quarter: None 
2. If the business performance of the last quarter does not meet expectation, please state the impact 
on shareholder’s equity and the corrective action proposed: None 
(2) If the merger is completed, stock shares is transferred, and new stock shares are issued in recent 
years and up to the date of the annual report printed, the information of the merger and the merged 
or acquired company must be disclosed: None 
 
VIII. Fund implementation plan 
Up to the last quarter before the printing of the financial statements, outstanding equity 
issuance or marketable security subscription or the completed equity issuance or subscribed 
marketable security without success: Not Applicable

115
 
V. Overview of Business Operation 
 
I. 
Principal activities 
 (I) Operating Scope 
 
Founded in 1989, ASUS is one of the world’s leading providers of 3C solutions and 
committed to providing the most innovative products and applications to individuals and 
businesses.  Since the establishment of ASUS, we have assembled many outstanding 
talents, and worked together for the vision of brand. We have achieved operational growth 
goals and excellent performance many times, and thus becomes one of the most important 
brand companies in Taiwan. 
 
The Company's main area s of business are the design, research, development and sales of 
electronics and information products. In many of its electronics-integrated products, the 
Company has offered excellent quality and industry-leading technology, which have won 
many awards. In 2021, ASUS again was recognized as one of the "World’s Most Admired 
Companies" by "Fortune Magazine" of the United States. The product categories span 
motherboards, graphics cards, laptops, smart phones, displays, routers and a full range of 
technology product solutions; the Company is also actively expanding its esports products 
and creates a variety of applications in new areas of AIoT. ASUS is committed to pursuing 
unparalleled technological innovations, creating a thoughtful intelligent life and ubiquitous 
happiness for global users; the vision of the brand is to become “a leading technology 
innovative enterprise highly respected by the new digital generation.”  ASUS has about 
15,000 employees around the world, and has a world-class R&D team of more than 5,000 
people. Its products are sold in more than 70 countries around the world and have won more 
than 11 awards every day on average. The product innovation, design and quality have been 
recognized by the global market. 
The core of ASUS business is PC-related products. In 2021, the proportions of its products 
were 67% for computer-related products, 33% for component-related products and others. 
 
 Product development projects: 
a. 
Digital control wireless transmission technology CPU MB 
b. Advanced 3D graphics cards 
c. 
Smartphones 
d. High Performance thin-and-light laptops 
e. 
ScreenPad Plus dual-screen laptops 
f. 
ProArt creator laptops 
g. High-speed router / Network switch / Firewall / VPN 
h. New-generation advanced servers  
i. 
Professional gaming LED displays & PCs 
j. 
ChromeOS devices  
k. AIoT solutions (Smart Manufacturing, Smart Healthcare, Smart Retail) 
 
In 2022, ASUS’s main direction for the product strategy and business objectives are as

116
 
follows. Computer system products will be quickly strengthened for product innovation 
and operation, looking forward to prospects of operation and planning for positive growth 
goals, and achieve a growth rate outperforming the industry with the board and open- 
platform product lines. ROG and all e-sports-related products, along with the expansion 
of the esports industry and esports user base, become the important long-term growth 
momentum, the annual growth rate will be targeted on double-digits, and gradually 
become a lion in the industry. For mobile phones, the focus will be on esports users and 
expert users, establishing a market leading position and brand value for a specific user 
group. Responding to the new industry trend of AIoT, several product projects and market 
positioning will be initiated, to grasp the opportunities for market evolution and growth.  
For more information and plans related to R&D, please refer to “Future R&D Plans and 
Estimated Investment” in “Risks” 
 
(II) Industry Overview 
1. Progress and development of the industry: 
The market for thin & light laptop computers continues to expand. The emerging 
digital content and multimedia entertainment industries as well as the needs of the 
PC gamers drive the demand for 3D multimedia and high-performance video and 
audio. It is foreseeable that multimedia entertainment will create more demands for 
laptop computers with advanced equipment. The development of our laptops 
incorporates not only the qualities of ‘lightweight, thin, small, and visually attractive’ 
but also of ‘personalization, video and audio entertainment, wireless communication, 
and our commitment to a green environment.’ 
 
2. Correlation of the upstream, midstream, and downstream of the industry: 
In terms of the correlation of upstream, midstream, and downstream parts of the 
industry, the upstream industry includes semiconductor (IC design, wafer foundry, 
and testing and packaging), electronic parts (passive components, rectifier diode, 
etc.), and others (LED, printed circuit board, connector, etc.). Midstream industry 
includes optoelectronic (monitor, LCD, etc.), electronic parts (motherboard, VGA, 
etc.), and computer peripherals (computer case, mouse, keyboard, etc.). Downstream 
industry includes desktop computers and laptops.

117
 
3. Product development trends: 
Cloud computing generally means that the user connects from a terminal to a remote 
sever or device via the internet for access to data or application services. This is an 
important emerging business opportunity of the technology industry. AI and deep 
learning of the computer as well as development of brand-new types of automatic 
equipment will change the work and life of human beings. This will be the focus in 
the development of the technology industry 
ASUS plans to invest resources in the development and promotion of various products 
and solutions for cloud services, robots, smart homes, and high-speed computation 
applications in order to enhance their portability, easy-to-use properties, connection 
capabilities and service depth, and provide the user with the ultimate application 
experience.  
 
4. Competition: 
The pandemic reshaped the way of life and work of all human beings, and greatly 
accelerated the development of human society to a digital life of remote work, home 
learning, and online entertainment, further driving the inelastic demand for computers 
and computer peripherals. In the future, products and services adopting the human-
centered and digital economic model approach will flourish.  Product design must 
also focus on personalized design, and differentiate and segment products based on 
the needs of individual target consumers. Therefore, the use of marketing strategies is 
increasingly important in order to create profit for each industry operator. 
 
In response to the needs of users of the new digital generation, ASUS continues to 
adopt user-centered design thinking and product and smart application innovation and 
expand the user base for gaming, business and creation.  At the same time, the future 
development trend of notebook computers aims to incorporate new technologies to 
increase product value, such as lightweight, easy to carry, energy saving, green and 
environmental protection, etc. to make ASUS products stand out from its competitors 
and win mindshare. In recent years, ASUS’s gaming laptops have grown significantly 
faster than the market; the aim is to continue to expanding its market share. 
 
MB, VGA, and CD-ROM are key segments of the computer components industry that 
form a supply chain along with CPU, chips, and PCB connectors. ASUS has kept a 
profound and excellent relationship with these businesses. To upgrade the product 
development technique and ensure stable supply of components, ASUS cooperates 
with many agents and distributors in the global channel architecture. ASUS is the 
leading brand in many markets including Europe, Asia and America, and the value of 
the brand and its identification are widely recognized by the users. 
 
(III) Research and Development 
 
ASUS has committed to R&D excellence since the day of its incorporation to rely on in-
house innovation for the R&D, production, and marketing of advanced motherboards, 
graphics cards, laptops, tablets, servers and smartphones; and to develop 4C (computers, 
communications, consumer electronics, and automobile electronics) integrated products.

118
 
For ASUS, the R&D Division and the R&D Center have a positive correlation working 
together. The R&D Center focuses on technology studies and commercialization of 
creativity. The R&D Center is entrusted with the responsibility to conduct preliminary 
studies and assessments on the key software and hardware technology, modules, and 
applied program development platform in depth. This work provides reference for the R&D 
director in judging technology trends and partner selection. The R&D Division focuses on 
system integration, product introduction and commercialization. Technology is 
transformed to generate income, and then part of that income is contributed back to support 
the creativity or technology supplier. This cycle allows R&D to sustain continuous 
development. These commitments to R&D, and the incentives provided by the Company’s 
management, allow ASUS to continuously recruit talented R&D. In the constantly-
changing computer world, ASUS has key technologies and leading products enabling it to 
compete in the market and to create product value. The 2021 R&D expenses were NT$20.1 
billion, accounting for about 4% of the total revenue. 
 
ASUS continues to commit R&D resources in new types of computer products such as 
gaming laptops, content-creation laptops, commercial laptops and new ChromeOS 
computing devices. ASUS has also launched a number of new applications based on design 
thinking that integrate software, hardware and AI technology, such as the four smart 
applications of motherboards that offer overclocking, cooling, networking and built-in 
audio; laptops with the ScreenPad Plus multitasking secondary touchscreen; ASUS Dial 
rotary control for creator laptops; the Armoury Crate app in gaming products for integration 
and optimization of control software; Aura Sync to synchronize lighting effects; gaming 
headsets and keyboard peripherals with built-in AniMe Matrix™ ROG dynamic 
programmable LED displays; defect-detection solutions in the field of smart manufacturing; 
Miraico ICD 10 smart coding for the smart medical care field; Lumos medical big data 
platform; xHIS next-generation medical care information system; AI image diagnosis; 
smart wearable devices, handheld ultrasound and other smart health solutions. In terms of 
enhancing the core capabilities of esports computers, ASUS leads the industry, to introduce 
LCD displays with a refresh rate of 144 Hz and a 3-millisecond response time, as well as 
the innovative Active Aerodynamic System (AAS) cooling technology, to launch the most 
powerful compact esports notebooks on the market. Enhancing consumer experience and 
creating consumer value are the core spirits of ASUS. ASUS has been a pioneer in 
launching 2-in-1 gaming laptops which bring an excellent user experience to players 
around the world through flexible and diverse user scenarios. For the world's first 4K dual-
screen gaming laptops, the second screen can be lifted and slid back through an all-new 
four-way screen hinge to seamlessly connect to the main screen, which offers extraordinary 
wide field of view, comfortable viewing angle and true immersion. Via the partnership with 
the giant in the game industry, Activision, ASUS co-developed game lighting effects that 
enhance the player experience, as well as using new wireless technologies to achieve 
wireless transmission without dead spots; in addition, to ensure screen color accuracy and 
uniformity, ASUS ProArt™ TruColor display technology ensures that each display 
complies with the rigorous PANTONE® color certification requirements and provides 
precise color to esports players, designers and other content creators. As consumers 
demand higher quality color rendering, ASUS becomes the first brand to equip a full range 
of products with OLED screens, including portable and powerful mainstream creator 
laptops which provide the best screen choice for all types of users.

119
 
The specific products in the recent year: 
R&D planned in 2022: 
a. Digital control wireless transmission technology CPU MB 
b. Advanced 3D graphics cards 
c. Smartphones 
d. High-performance thin-and-light laptops 
e. Dual-screen ScreenPad Plus laptops 
f. ProArt creator laptops 
g. High-speed routers / network switches / firewalls / VPNs 
h. New-generation advanced servers  
i. Professional gaming LED displays & PCs 
j. ChromeOS devices  
k. AIoT Solution (Smart Manufacturing, Smart Healthcare, Smart Retail) 
 
(IV) Short-term and long-term development plans: 
1. Short-term development plan; 
ASUS will continue to follow the brand spirit of ‘In Search of Incredible’ to develop 
green technology products, entertainment, and cloud computing. Product 
development covers three platforms, blending advanced digital technology with the 
user’s life experience. Open platform products include motherboards, graphic cards, 
LCD monitors and servers; system products include laptops, smartphones, tablets 
and desktops. AIoT products include artificial intelligence solutions in smart 
manufacturing, smart healthcare, smart retail and other fields. 
 
2. Long-term development plan: 
We have entered a people-oriented mobile computing era, where all physical and 
virtual computation, data access and interaction are integrated via the internet. In 
the future, users will not have to adapt to product functions but the product functions 
will be reconfigured to conform to user demand. The boundaries between mobile, 
tablet, laptop and other mobile devices will eventually be eliminated. In the new 
digital era, the power of the internet will eventually turn the screens of mobile 
devices into media centers connected to the cloud. Information will not be owned 
exclusively but will be readily available to all; transmission and sharing will be the 
key. As the leader of brand technology, ASUS believes in the power of the open 
platform. We must embrace the ubiquitous era of cloud computing with an open 
mind, building a versatile solution for the next generation of cloud computing.  
 
II. Market analysis and the conditions of sales and production: 
 
(1) Market analysis: 
1. Sales regions:

120
 
 
 
 
 
 
 
                                    Unit: NT$ thousands 
Year 
Item 
2020 
2021 
Subtotal 
Total 
Subtotal 
Total 
Sales to TW 
 
Sales to region outside of 
Taiwan 
  America 
  Asia Pacific / Oceania 
  Europe 
  Africa 
Net sales 
(-) Revenue from contracts 
with customers from 
discontinued operations 
Total 
 
 
 
107,573,633 
162,267,972 
123,254,852 
2,677,053 
21,419,537 
 
395,773,510 
  
 
 
 
 
417,193,047 
(4,412,608) 
 
 
412,780,439 
 
 
 
132,380,886 
222,885,520 
145,888,224 
5,084,954 
28,999,151 
 
506,239,584 
  
 
 
 
 
535,238,735 
- 
 
 
535,238,735 
 
2. Market share and market demand and supply and market growth: 
 
(1) Market demand and supply of computer components: 
ASUS motherboards have taken the largest global market share for several years in a 
row, mainly because of our superior R&D design capacity, massive production scale, 
complete upstream/downstream component supply chain, product quality, and 
controlled production costs; all of which become our powerful competitive advantage. 
ASUS released the high-quality, high-performance and high-price optimized 
motherboards with respect to the high-rank, mid-rank and low-rank markets, in order 
to domain the global motherboard market absolutely and continue the most advantaged 
product and leadership in the industry.  Since ASUS was founded in 1989, the sales 
of its motherboards have exceeded 500 million pieces, absolutely leading ahead of the 
others in the same trade. 
 
(2) Market demand and supply of NB: 
The availability of laptop computers has grown substantially throughout the world. 
ASUS has worked in the laptop computer industry for over 15 years, demonstrating a 
remarkably-sustained performance in product quality, R&D technology, and business 
development. According to research conducted by an international market survey 
institute, ASUS stands in the world’s top three Windows OS consumer laptop computer 
suppliers and constantly leads the industry in terms of product innovation, attaining 
high brand value and consumer recognition. The 2021 research institute estimated the 
shipment of ASUS consumer laptop computers to take about 13% of the global market 
share. 
 
(3) Short-term development of IT industry: 
With the arrival of the cloud computing era, ASUS plans to introduce a series of cloud 
computing-related services and products with a specific solution designed to provide 
cloud computing for mobile computing, multimedia entertainment, and electronic 
commerce. This solution will embrace the quality of portability, ease-of-use,

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connection, and in-depth service, all reinforced to provide users with information at 
their fingertips, anywhere and at any time. Professionals can use cloud computing 
business tools to explore business opportunities and upgrade competitiveness, while 
also sharing rich and diversified multimedia entertainment with family members.  
 
3. Competitiveness, advantages and disadvantages of development, and responsive strategies 
 
Industrial development and vision: 
 
(1) Advantages 
a. In response to the needs of users of the new digital generation, products and services 
adopting the human-centered and digital economic model approach will flourish in 
the future, and the human-centered design thinking process is an important 
direction of development in the future. Consumers seek better user experience and 
higher product value. This complies with the persistent operating philosophy and 
the product development capability of ASUS, and will be the focus in our business 
operation. 
b. The pandemic greatly accelerated the development of human society to a digital 
life of remote work, home learning, and online entertainment, further driving the 
inelastic demand for computers and computer peripherals. New types of computers, 
such as gaming notebook, content creation notebook, business notebook and 
Chrome OS, continue to create new markets and demands. ASUS will also establish 
appropriate business goals and resource commitment according to different market 
and product segmentation to accelerate product and smart application innovation. 
ASUS launches of the ROG Phone and Zenfone in the smartphone market have 
been well evaluated and created excellent sales. ASUS will have competitive 
advantages in the evolution of the hardware industry with the support of our 
products. 
 
 (2) Disadvantages and responsive strategies 
The novel coronavirus ravaging the world has threatened human life and health, and 
greatly affected the global economy, world trade, job market and industry supply 
chain, resulting in fluctuations in demand, currency exchange rates, raw materials 
costs, and making operations more difficult. However, human societies can mostly 
evolve in response to impacts, and we are happy to see that with the world working 
together to fight the pandemic, active economic policies and administrative measures 
will appropriately mitigate the effects. 
 
ASUS expects to have a more flexible and efficient organizational operation, with 
three business groups being formed including: System Business Group, Open 
Platform Business Group and Smart IoT Business Group in order to aggregate 
resources and be more responsive to market changes. To create greater value and 
expand the operation scope, we established the Intelligent IoT Group at the end of 
2019. The Group linked and integrated internal and external ASUS resources, teams, 
re-investment companies and industrial partners for active business development of 
intelligent IoT and new smart solutions in various application fields. With the smart 
manufacturing solutions completed with quality tests, we actively developed projects

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such as intelligent medical care, intelligent retail, and intelligent cities. Each business 
group will then be able to focus on improving procedure, form optimal strategy, and 
execute strategy completely. 
 
Through the implementation of the Golden Triangle Strategy with design thinking, 
market positioning and NPS user recommendations, ASUS has formed a true, 
transparent, and synergized team. In the future, ASUS will continue to invest 
resources in products that have economies of scale and competitive advantages as well 
to support the three business groups having the most competitive product lines and 
sales channels. ASUS is dedicated to providing consumers with better products and 
services, to upgrade the brand value in the minds of consumers and ultimately to turn 
consumer’s brand recognition into market share.  
 
Operating environment: 
(1) Advantages 
a. ASUS is capable of leading the industry in developing advanced technology and 
specifications using its excellent R&D resources, and gaining favorable market 
penetration and solidifying its market leadership. 
b. ASUS controls its costs with excellent innovative concepts in high-efficiency 
channel and digital marketing, which reduce operational expenditures and achieve 
effective marketing. 
c. ASUS has long been committed to eco-friendliness, energy-saving and 
sustainability with multiple green technology products based on innovative core 
technology. ASUS intends to acquire business opportunities and market recognition 
for products fulfilling the global trend for green and eco-friendly appeal. 
 
 (2) Disadvantages: 
a. Export industries are subject to substantial fluctuations in foreign exchange. 
Managers must consider risks associated with fluctuations in foreign exchange rates. 
The market demand changes due to economic factors. The fluctuation of the raw 
material cost in recent years is another factor that affects the cost of production. 
b. 
The uncertainties of supply-chain shipment also affect product shipment 
momentums and sales. 
c. 
New competitors enter the niche markets, such as esports laptops, compact 
laptops, and content-creation laptops, affecting margins. 
 
(3) Responsive strategies: 
ASUS will closely watch the change of the exchange rate, implement supply chain 
management adequately, and balance the exchange rate risk and cost fluctuation 
appropriately. 
 
Internal conditions 
(1) Advantages 
a. Stable financing with sufficient funds.

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b. Improved inventory management system. 
c. Develop an excellent pool of talent, manage the R&D direction and schedule 
effectively, and lead the industry with technical capacity. 
d. The overall strategic planning also takes consideration of short-term indicators and 
long-term development objectives to keep ahead of industry development trends. 
e. The Company values people and continues to improve employee welfare treatment 
and welfare facilities. 
 
(2) Disadvantages: 
As ASUS grows significantly in both business operation and organizational structure, 
it is crucial to expand and improve the effectiveness of our management. 
   
Product and technological development: 
(1) Advantages: 
a. ASUS has created a strong R&D team. The excellent R&D talents of ASUS are 
recognized in the industry, with many patents awarded and many new products 
constantly in development. 
b. Many of the department heads and management of ASUS have a technological 
background. They thoroughly understand industrial trends and product development 
technology enabling them to take full advantage of development-to-plan product 
lines in depth, to apply recourses effectively, and to generate added value. 
c. The Company made early investments in important new products such as wearable 
devices, robotics and intelligent home products, with considerable R&D and 
marketing resources to ensure that the products lead the competition. 
 
(2) Disadvantages: 
Currently the sales channel for mobile computing device products differs from 
computer products, and requires the deployment of highly-efficient channel partners in 
addition to improving the sales operation efficiency. 
Sales and marketability: 
 
(1) Advantages 
a. Under the operation of a strong sales management program, ASUS has achieved 
competitive computer sales in most regions, limiting the impact that adverse 
economic situations in one area has on the corporate operations. By deploying 
product lines across the market, the Company can properly reduce the impact of 
economic risks.  
b. The pandemic has driven inelastic demand for computers and computer peripherals, 
and demand is strong in markets around the world, including Europe, America, and 
the Asia-Pacific region. ASUS has planned and acquired good brand and channel 
positioning. 
c. The Company mostly has the leading positions in each product line, and is the No.1 
in terms of the global market share of motherboards. In terms laptops, it ranks No.1

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in Taiwan and Hong Kong, Southeast Asia (Indonesia, Malaysia, Thailand), Europe 
(France, Romania) and America. ASUS has also achieved good performance in 
other regions. According to research institutions, the ASUS high-end gaming 
laptops achieved the No.1 market share in the world in 2021. In recent years, the 
growth of gaming laptops has significantly outperformed the market. Moreover, for 
the global website service, official websites in multi-lingual versions have been 
established, to implement the business strategy of localization, and deep cultivation 
of the local markets. 
 
 (2) Disadvantages: 
The operating performance of overseas subsidiaries depends on effective management 
of channels and creation of brand orientation and value.  The overseas subsidiaries’ 
HR and management mechanism must meet said two important objectives. 
 
(2) Application and production process of major products: 
1. Application of major products: 
a. Motherboards, graphics cards, and optical drives are important elements for desktop 
computers and servers. ASUS is in a leading position worldwide with all the 
aforementioned products. 
b. The market boundaries among laptops, tablets, and smart phones are increasingly 
blurred; with the significant market size, ASUS continues to strengthen product 
differentiation and seize market opportunities in product innovation. 
c. The quality and technical demand for wireless broadband communication products is 
extremely high and ASUS holds the key technologies allowing it to develop high-
quality products with trust and word-of-mouth reputation from customers. 
 
2. Production Process of Major Products 
More than 90% of processes are automated 
a. MB and VGA: Automatic SMT → Pick and place → soldering pot → burning → test 
b. NB, tablet and other products: Automatic SMT → pick and place → soldering pot → 
burning → PCB test → assembly → system test 
 
 (III) Supply of major raw materials: 
The main raw materials used by ASUS are chipsets, memory, logic ICs, printed circuit 
boards, LCDs, etc. The suppliers of raw materials are mostly well-known domestic and 
foreign manufacturers with good quality and reputation in the industry. All the companies 
have collaborated with ASUS for many years; and they are good suppliers who can ensure 
the normal supply of raw materials and maintain competitive advantages. 
 
(IV) Major Customers with over 10% net sales and Suppliers with over 10% total purchases 
(Included discontinued operations) of the last two fiscal years 
1. Major Suppliers of the last two fiscal years 
Unit: NT$ thousands

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2020 
2021 
 2022Q1 (Note 1) 
Item 
Name 
Amount 
Percentage of 
net annual 
purchase (%) 
Relation 
with 
issuer 
Name 
Amount 
Percentage of 
net annual 
purchase (%) 
Relation 
with issuer 
Name 
Amount 
Percentage of 
net purchase 
of Q1 (%) 
Relatio
n with 
issuer 
1 
F Suppliers 
65,007,110 
20 
None 
F Suppliers 
83,667,575 
19 
None 
 
 
 
 
 
 
 
 
 
AV Suppliers 58,920,486 
13 
None 
 
 
 
 
 
Others 
261,986,017 
80 
 
Others 
304,413,818 
68 
 
 
 
 
 
 
Net 
purchase 
amount 
326,993,127 
100 
 
Net purchase 
amount 
447,001,879 
100 
 
 
 
 
 
Note 1: The 2022Q1 financial statements audited by the CPA were not yet available up to the print of annual 
report on April 10, 2022. 
Note 2: Causes of increase and decrease: The major suppliers of the ASUS Group did not change substantially 
in 2021 and 2020. 
 
2. Major Customers of the last two fiscal years: 
The sales income of one customer from the consolidated company between 2021 and 
2020 did not show 10% of the consolidated net operating income.  
 
(V) Production/Sales Quantities and Value over the Past Two Year: Not Applicable. 
 
 (VI) Sales quantities and values of the last two fiscal years: 
 
                                          Unit: Piece (unit); NT$ thousands 
year 
 
Major 
product
2020 
2021 
Domestic Sales 
Export Sales 
Domestic Sales 
Export Sales 
QTY 
Amount 
QTY 
Amount 
QTY 
Amount 
QTY 
Amount 
IT products 
2,564,496 17,961,657 52,708,253 308,817,768 
2,981,687 24,351,180 
57,378,405 426,262,955 
Others 
- 
671,130 
- 
2,518,537 
- 
1,765,820 
- 
4,940,621 
Total 
- 
18,632,787 
- 
311,336,305 
- 
26,117,000 
- 
431,203,576 
Note: The abovementioned information refers to ASUSTeK Computer Inc. refer to the annual report of other listed 
subsidiary companies for more information.  
 
III. Employees 
Status of employees over the past two years and up to the date of the report printed 
April 10, 2022 
Year 
2020 
2021 
As of  
April 10, 2022 
Employee 
Direct Labor 
0 
32 
39 
Indirect labor 
6,396 
6,925 
6,975 
Total 
6,396 
6,957 
7,014 
Average age 
36 
36.4 
36.6 
Average years of service 
7.1 
7.1 
7.1 
Education 
（%） 
Ph. D. 
0.59% 
0.59% 
0.55% 
Masters 
56.25% 
54.77% 
54.25% 
College /University 
40.6% 
41.97% 
42.47% 
Senior High School 
2.33% 
2.37% 
2.4% 
Junior High School and 
below 
0.23% 
0.3% 
0.33%

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Note: The abovementioned information refers to ASUSTeK Computer Inc. Refer to the annual 
report of other listed subsidiary companies for more information。 
 
IV. Expenditure on environmental protection 
(I)  Material capital expenditure invested in environmental protection activity: 
1. The Company established GreenASUS and SERASUS Committee dedicated to boosting 
the sustainability management system certification, international environmental 
protection awards and green innovation projects.  Please see Section III. Corporate 
Governance Report (6) Corporate Social Responsibility herein. 
2. ASUS fellows will join environmental protection organizations and get involved in 
environmental protection activities. 
3. We implement the “Digital Inclusion Project” to recycle IT apparatuses and donate them 
to schools in remote areas after repair. This not only reduces the waste materials but also 
helps to fill the urban-rural gap. 
4. Arrange environmental protection, recycling, and merciful donation activities from time 
to time; also, contribute the income generated to charities activities. 
5. We cooperate with the government to introduce ISO50001 energy management system 
to build an energy baseline every year and use PDCA to set up energy saving goals and 
ensure continual improvements in order to maintain implementation and reach the goal 
of reduction every year. 
 
(II) The total amount of loss and fine paid for environmental pollution in 2021 and up to the 
date of the report printed: None. 
 
 (III) Estimated environmental protection expenses:  
1. The Company will continue to promote the ISO 50001 energy management systems to 
improve energy efficiency, and at the same time plan the use of renewable energy and 
take relevant actions to slow down global climate change while reducing the operational 
impact caused by climate risks.  
2. ASUS will continue to invest in green design, green procurement, green production, and 
green marketing for fulfilling corporate social responsibility to the earth. 
3. The Company will plan the capital expenditure related to environmental protection based 
on GreenASUS and SERASUS. 
 
V. Employee/employer relations 
The realization of business goals relies on the commitment, deduction, and effort of 
employees; however, employees cannot exercise their talents without the support of the 
employer; therefore, a harmonious employer-employee relation is what ASUS after. ASUS 
has treated employees with an honest and open attitude; also, has working regulations and 
rules defined in the Company’s Work Code for the reference of employees. In terms of salary, 
benefit, and training policy, it is designed to help employees realize their objectives; therefore, 
they are able to have themselves heard and to have their working safety secured; also, their 
work satisfaction and profound economic interest fulfilled without the need of organizing an

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union. Employer and employees are unified and share the same concept to work for the future 
of the organization. 
 
Based on the respect and promise to employees, ASUS follows the international regulations 
of UNGC, UDHR and ILO to formulate human rights policies and does not discriminate 
employees due to race, sex, age, parties, religion, and the disability. Hiring of an employee 
must be subject to the local minimum age requirements, local regulations, EICC and other 
relevant regulations. The human right declaration shall be revealed accordingly. 
 
(I) Employee’s welfare package 
 
ASUS always takes human respect and employee care as one of the management 
philosophies. To ensure the living conditions of employees and hold the belief of sharing 
profits with all employees, we provide a fair and legal internal and external bonus and 
remuneration system based on the average gross national income and price index, industry 
compensation level, and internal equal pay for equal work condition to determine the bonus 
and remuneration for the employees. The reasonable amount and distribution are proposed 
to the Board of Directors after being reviewed by the neutral Remuneration management 
Commission. The remuneration for the managerial officers is distributed after approved by 
the Boards of Directors. The amount distributed to the employees or managers is also 
determined depends on the importance of the job, contribution and personal performance. In 
order to encourage employees to work hard without worry, besides basic security and bonus, 
ASUS specially supports and sponsors related welfare projects. Employees also organize 
employee welfare organizations for planning and implementation of the welfare matters. 
Major points of the current welfare projects are listed below: 
 
1. ASUS has the following benefits provided in accordance with Company Law:  
Health insurance, labor insurance, group insurance, the total amount contributed to staff 
personal retirement account may not be less than 6% monthly salary, accrual pension 
reserve according to old contribution plan deposited in Bank of Taiwan, arrearage reserve, 
and appropriating welfare fund with a percentage of sales revenue and paid-in capital.  
 
2. ASUS has the following benefits provided specially: 
Season-greeting bonus and performance bonus, annual physical health check up, E-
Library, Employee Assistance Programs(EAP), Employee Sports and Recreational Center 
– Taoran Hall: offering lukewarm swimming pool/SPA, gym, pool room, and aerobics 
room as well as employee café, featuring multiple functional sites and welfare measures. 
 
3. “Employee Welfare Committee” 
Birthday & Season-greeting bonus, wedding/funeral/celebration and emergency financial 
aid, group activities, scholarship and financial aid to employee’s children, Winter & 
Summer vocations’ children's winter & summer camp, employee benefits Vouchers, and 
using departmental-based “Teamwork” activities and cooperate with literary units for 
discount offers so that the peers can implement art and literature appreciation.  
 
(II) Education and training

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Talents are the cornerstone of an enterprise's success. ASUS believes that only when every 
employee fully demonstrates the ASUS DNA: ASUS 5 Virtues, Focus on Fundamentals 
and Results, Lean Thinking, Innovation and Aesthetics, in their jobs can the vision of "To 
become the world's most admired innovative leading technology enterprise in the new 
digital era." be fulfilled.  The Company will then strive to be among the world-class green 
high-tech leaders and to provide valuable contributions to humanity. 
 
In 2021, ASUS has a total of 15,477 employees (as of the end of the year), the total training 
hours of the whole corporate group is 360,603 hours, and the average training hours per 
person is 23.3. The summary statistics is shown as follows:

129
 
The average training hours of employees by category are as follows (Unit: hour/person) 
 
 
 
 
1. Structured talent cultivation and development framework 
By linking corporate culture, core value and global strategic planning, the ASUS talent 
cultivation system is divided into three functional aspects. There are talent development 
system focusing on core values, management capabilities, and professional functions; 
management functions training for senior-level, mid-level and first-level managers and 
all employees; and rich training courses on professional capacity and digital self-directed 
learning resources to nurture diverse talents.

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                Dual-Track 
Diverse Talent Development 
FrameworkFunctional Category 
2021 Performance 
Core Competence 
 
 
ASUS' core competences are divided into 8 major 
DNAs. A variety of courses and activities are designed 
for new hires in their first two years on the job to convey 
the business philosophy and common values of the 
Company. 
The Golden Triangle Strategy - The design thinking 
process considers the needs of users and the feasibility 
of technology and business. It is the core thinking and 
method to fulfill ASUS's "Innovation and Aesthetics" 
DNA. For 2021, different levels of cultivation plans 
were designed in response to the depth of application 
and targets and there were multilingual online courses, 
internal and external workshops, monthly/quarterly 
sharing activities and annual competitions. A total of 
3,363 people participated in courses and activities 
throughout the year, and the philosophy of design 
thinking was turned into the culture, capability and 
common language of all ASUS employees to promote 
internal exchanges of creativity and build a rewarding 
and innovative atmosphere. 
Management functions 
 
 
In order to enhance the management mindset and 
leadership ability of supervisors to lead the team to 
achieve the operating strategic goals, the Company is 
committed to the cultivation and development of 
management competence.  The Company has a 
complete training map, which divides the required 
courses into elementary, intermediate and advanced 
levels and continues to improve the diverse learning 
channels and resources to encourage supervisors to 
continue learning. 
In order to help managers develop multifaceted 
thinking on business and leadership, the Company 
organizes internal seminars for executives to pass on 
their experience and philosophy. The mini-EMBA 
program co-developed with the academia promotes 
multifaceted thinking through case studies and co-
CEOs and business units provide group topics to 
stimulate the collective wisdom of various business 
units and facilitate interdepartmental collaboration. The 
program is integrated with personal development plan 
and mentors to provide challenging tasks and 
experience preparation, such as job rotation, cross-
functional projects, etc. to accelerate succession for

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sustainable development. A total of 93 senior 
executives with potential were selected for the training, 
completing a total of 9,909 person-hour in 2021. 
Professional competence 
 
 
 
ASUS has divided its professional skills into four major 
areas: 
research 
and 
development, 
engineering 
technology, business marketing and management 
support. Define the skills requirements of each position 
and 
develop 
professional 
training 
blueprints, 
technology and trend seminars and strategic training 
projects for key positions. 
In terms of cultivating international talents, ASUS 
implements its Global Talent Program (GTP) for 
international mobility talents, and adopts a systematic 
training framework to quickly prepare talents to be 
dispatched to the global market. The GTP has entered 
its eighth year in 2021 and a total of 48 sales, customer 
service and product managers have completed their 
training. Since 2014, the GTP has trained a total of 242 
global talents. 79 of them have been dispatched to Asia-
Pacific, European and South American countries to 
engage in market development and operation. They 
have become professional managers in various regional 
markets. The executives in overseas branches have also 
praised the professionals from the GTP for their ability 
to quickly adapt to and take on the challenges from the 
local markets. 
 
2. Systematic individual development plan 
Integrated with the Performance Management and Development Cycle (as shown in the 
figure below) to promote the individual development plan program. Supervisors discuss 
with employees to incorporate practical project tasks into personalized learning items 
that can enhance professional skills, so that training and development can better meet 
personal needs and make the framework more systematic and learning more effective, 
and employees can maximize their potential. In 2021, the planned rate was 75.11%, with 
OJT accounting for 56%, Off-JT at 24% and SD at 20%.

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3. Diverse self-directed learning resources 
Adhere to the business philosophy of "Inspire, motivate, and nurture our employees to 
explore their highest potential." Provide systematic training courses and introduce 
diverse digital self-directed learning resources, such as e-books and e-magazines, 
industry research database and quality online courses in external education website. In 
2021, a total of 11,474 people have accessed the digital self-directed learning resources 
and the proportion is shown as follows. We also provide mini-library services, with 
collections including 890 physical books, VCD/DVD and other types of resources. The 
purpose is to encourage adaptive learning and self-development for all employees, to 
meet the needs of upskilling, reskilling and digital transformation in the VUCA era. 
 
      
 
        
 
 
 (III) Code of employee’s conducts and ethics 
The “sincerity, thrift, profundity, and practicality” is one of ASUS’s operating concepts.  
To consolidate mutual understanding among ASUS employees, the Company selected 5 
traditional virtues in oriental culture, namely humbleness, honesty, hard-working, 
swiftness and courage as our core values, which were listed as the benchmarks for all 
employees in terms of consistent daily behavior, interpersonal relationships and self-
improvement. 
 
Along with international focus increasing on corporate ethics and social responsibility, 
ASUS has always held the highest standard of moral conduct as self-discipline for 
continuously maintaining trust and respect from consumers, allied partners and the public. 
ASUS has always followed the most important core value “Honesty and integrity” in 
corporate culture during all business activities. No corruption and any forms of fraudulent 
practice are allowed, where we apply the clear and effective reward and punishment system 
to ensure employees not to accept any forms of request, contract, acceptance of any bribe 
or other improper benefit. Upon discovery of possible violation by ASUS employees

133
 
against ASUS code of ethical conduct, other employees and external individuals may report 
to the Company directly through our public reporting email (audit@asus.com). Protection 
will be provided to the reporter for preventing unfair and unfavorable treatment. ASUS 
applies appropriate measures in response to those who violate the Employees’ Code of 
Ethical Conduct.  Illegal behaviors are severely punished, and may be subject to 
investigation by judicial authorities. 
 
To maintain employee recognition on the code of ethical conduct, ASUS publishes the 
“Code of ethical conduct for employees” on the Company’s internal website for employees’ 
reference at all times. In addition, the compulsory online training course on “Code of 
ethical conduct for employees” is provided with translation in multiple languages; all new 
employees must complete its study within a month after reporting on duty. Every year, 
employees worldwide shall repeat the online course on the “Code of ethical conduct for 
employees.” Each employee is provided with the “Reminder card on unfair competition 
and bribing” with random propaganda and explanation to strengthen ethical concepts. In 
addition to self-experience, all employees are expected to present ethical conduct, which 
makes ASUS the respectable corporate. 
 
ASUS has based on the “Code of Conduct - Responsible Business Alliance (the former 
Electronic Industry Code of Conduct of EICC)”and “Listed Companies to set standards of 
ethical conduct” to stipulate the “Code of Ethics” as follows: 
Chapter 1 General Provisions 
Chapter 2 Regulatory compliance 
Chapter 3 Preventing conflict of interest 
Chapter 4 Gifts, business entertainment, and social standard 
Chapter 5 Avoid the personal gain chance 
Chapter 6 Information fully preserved and disclosure 
Chapter 7 Fair trade, advertisement, and competition 
Chapter 8 Safeguard the interest 
Chapter 9 Community watch 
Chapter 10 Training and dissemination 
Chapter 11 Punishment 
Chapter 12 Others 
 
In order to raise employees’ awareness of professional ethics and regulatory compliance, 
ASUS publishes the “Code of ethical conduct for employees” on the Company’s internal 
website for employees’ reference at all times. In addition, the compulsory online training 
course on “Code of ethical conduct for employees” is provided with translation in multiple 
languages; all new employees must complete its study within a month after reporting on 
duty. Every year, employees worldwide shall repeat the online course on the “Code of 
ethical conduct for employees.” Each employee is provided with the “Reminder card on 
unfair competition and bribing” with random propaganda and explanation to strengthen 
ethical concepts, and the directors, the managers, the management are expected to lead by 
example. In addition to self-experience, all employees are expected to present ethical

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conduct, which makes ASUS the respectable corporate. 
 
(IV) Workers and environmental safety protective measures: 
 
The main impacts on workers and the environment are volatile organic compounds, 
business waste, domestic sewage, chemical use, etc. In order to fulfill corporate social 
responsibility and provide employees with a safe and hygienic work environment, we have 
established a dedicated occupational safety and health department, defined social and 
environmental responsibilities and safety and health policies and passed the ISO 45001 
(2018) occupational safety and health management system and ISO 14001 (2015) 
environmental management system certifications, further achieving the goals of 
environmental, safety and health management. 
1. Various safety and health management plans 
In accordance with regulations and based on the experience from implementation over 
the years, about 21 occupational safety and health related management plans (general 
education on hazards, human-induced hazards, maternal health protection, automatic 
inspection, etc.) are added every year and placed on the internal website for employees 
to check.  
 
2. Environmental considerations and hazard risk assessment 
The SERASUS committee members from various departments and the occupational 
safety personnel are invited every year to jointly conduct the environmental 
consideration and safety and health risk identification. Take an objective approach to 
review past incidents, potential hazards, current affairs and annual audits of various 
departments and events reported by stakeholders, and determine the annual major 
environmental considerations and intolerable risks after conducting comprehensive 
scoring.  (6 events in the safety and health category in 2021, all with relevant protective 
measures) 
 
3. Education and training for occupational safety and health 
Regular offer safety and health training courses for employees and contractors, and 
collaborate with local fire company to hold emergency rescue training to enhance 
personnel's mindset of safety first and emergency rescue capabilities. (100% compliance 
with the occupational safety and health certification requirements in 2021) 
 
4. Business continuity management and emergency response 
Formulate emergency response plans for floods, typhoons, fires, earthquakes and major 
infectious diseases and organize mixed emergency response training every six months 
to improve the disaster prevention and response capabilities of workers and contractors.  
In 2021, an employee emergency notification platform was developed, and about 6,000 
people participated in drills that had no prior warning. (The average reporting process 
took about 5-15 minutes) 
 
5. Work environment monitoring and self-inspection

135
 
  Entrust qualified vendors to complete chemical and physical environmental monitoring 
every six months and also prepare illuminance meters, carbon dioxide meters, sound 
level meters, EMF meters and other instruments to reinforce high-risk workplace 
management. (The 2021 results from the operating environment monitoring met the 
regulatory requirements) 
In addition, safety inspections for places such as laboratories, machine (warehouse) 
rooms and escape routes are regularly carried out every year to ensure the safety of 
personnel and the environment. 
 
6. Dedicated medical department and health management system 
The Company has better annual health checkups than the regulatory requirements. It 
employs occupational medical specialists and nurses pursuant to laws to be in charge of 
the employee health management, occupational disease prevention and health promotion 
activities, including: working hours management, musculoskeletal hazards, female staff 
health protection, healthy stair-climbing stairs, slimming weight loss, anti-cancer 
screening, and healthy living habits, among other things, and provide outpatient clinics 
and counseling services to achieve a full range of health care. Additionally, health 
management system, exception and overload management system, maternal health 
protection management system and human musculoskeletal management system are 
established to effectively track high-risk groups and prevent occupational illness. 
 
7. The Company establishes the Employee Assistance Program (EAP), which integrates 
multiple communication channels and offers assistance and counseling solutions. It 
assists employees to solve personal issues that may affect work productivity and offers 
supervisors with professional management consultation services to help them resolve 
crisis and management issues.  
 
Awards 
 
2021 Health Promotion Administration Healthy Workplace Certification -- Extension 
of Health Promotion Label 
 
2021 Certificate of Appreciation from Taipei City Fire Department for promoting fire 
prevention measures 
 
2020 Certificate of Appreciation from Taipei City Fire Department for promoting fire 
prevention measures 
 
2020 Certificate of Appreciation for promoting flood disaster community self-
resilience activities in Taipei City 
 
2019 Sports Enterprise Certification by the Sports Administration of the Ministry of 
Education (2019-2022) 
 
Common Health Magazine in 2019 as CHR healthy corporate citizen with Innovation 
award under health awareness category. 
 
Passed the healthy workplace certification in 2018 with acquisition of health 
promotion label.

136
 
 
Received 2018 National occupational safety & health award- Corporate benchmark 
award from the Ministry of Labor and listed among Labor safety award- Excellent 
enterprise by Taipei City over 4 consecutive years. 
 
2018 National healthy workplace with excellence- Health management award, Top 5 
healthy workplace with excellence in Taipei City and received certificate of 
appreciation for assisting Fire Department by promoting fire prevention over 3 
consecutive years. 
It has been recognized in terms of staff safety, physical/ mental/ spiritual care and 
environmental protection. 
 
(V) Retirement plan 
In response to the Company’s having the business operation dividend into brand name 
business and OEM/ODM since 2008, the seniority of the workers with ROC nationality 
was settled and with the pension paid on the end of January 2008. Workers with ROC 
nationality who have been employed in 2008 are entitled to the Defined Contribution 
Pension Plan. The total amount contributed to staff personal retirement account may not 
be less than 6% monthly salary. Foreign workers are subject to adaption of new-pension 
plan or old pension plan according to the law.  
 
(VI) Other agreements 
The Company’s loss from employee-employer dispute in recent years and up to the date of 
the report printed: None 
 
VII. Management of Cybersecurity 
 
(I) Cybersecurity risk management framework, cybersecurity policy, specific management 
plans and resources committed to cybersecurity management 
 
During the COVID-19 pandemic period, many new technologies have emerged, which 
shaped new ways to work but also brought along unprecedented challenges to information 
management and product security. In order to cope with the increasingly formidable 
challenges and reinforce the Company's sustainable operation, ASUS has established an 
information security management committee which is supervised and managed by the CEO. 
The Information security management committee promotes ISO-27001 management 
system and establishes the management procedures that complies with international 
standard, planned, executed and reviewed internal activities on information security, as 
well as verifying various activities and relevant results to meet target requirements of the 
ISMS (Information Security Management System). These were used to grasp possible 
defects in the Company’s information security, timeously correct, track and confirm, as 
well as ensuring validity and continuous improvement. The committee is composed of 
experts in various fields and BU/FU/CU of the Company.  Through regular meetings, 
internal team members share their experience.  The committee is supervised by the CEO’s 
information security strategy to accelerate the deployment of new policies and the 
establishment of communication of opinions of various units.

137
 
 
 
As a result, ASUS established a position of Chief Information Security Officer (CISO) and 
a dedicated unit, the Digital Security Division in September 2021. Committed to the 
comprehensive planning and promotion of information and product security and use 
"Building digital resilience, improving brand trust, pursuing excellence in security" as the 
organization's information security vision to take necessary actions for ubiquitous 
information services and product security risks. Establish a corporate culture of safety first 
in the pursuit of innovation and excellence. 
 
The establishment covers three areas: 
1. Focus on governance issues such as information security management, risk and 
compliance inside the Company and of the external supply chain. 
2. Real-time monitoring of security threats in the internal and external information 
operating environments and emergency response actions in the event of an incident.  
3. Promote product security engineering and reinforce the information security of 
products and services sold by ASUS. 
 
ASUS builds an Information Security Management System (ISMS) that has been validated 
by the ISO/IEC 27001:2013 (including the national standard CNS 27001:2014). The scope 
covers the Company’s internal IT core systems, key external services websites and e-
commerce systems and SaaS (Software as a service) AI cloud software services and 
continuously verifies and maintains the validity of the certificates. 
Information 
Security 
Committee
Representative 
of IS 
Management
Documentation 
Team
Audit Team
Risk Team
137 
 
 
 
 
 
 
 
 
 
 
 
 
 
Information security governance 
 Align the organization's business 
development strategy 
 Support the organization's business and 
create value 
 Information security organization -- 
Information Security Committee 
 Formulation of information security 
policies and management methods 
 Information security management 
procedures 
Digital resilience 
 High-tech information security alliance 
joint defense 
 Respond early to new-generation digital 
threats 
 Strengthen digital security protection 
 Comprehensive preparation before the 
event, emergency response during the 
event and recovery after the event. 
Information security promotion 
 Information security policy, promotion 
of goals 
 Introduce and pass verification of 
international information security 
standards 
 Improve information security awareness 
 Re-inforce information security 
management of supply chain 
Information security risk management 
 Pay attention to internal and external 
security risk issues 
 Effectively identify sources of threats, 
and analyze the possibility and impact 
of exposure faced by the organization 
 Make appropriate decisions based on 
risk appetite 
 Information security protection defense 
drill

138
 
1. CDM(Cyber Defense Matrix) 
In order to improve the security operation and maturity of the organization, ASUS refers to the 
National Institute of Standards and Technology (NIST) - Cybersecurity Framework to clearly 
divide security into five core aspects, identification, protection, detection, response and recovery, 
and view and manage information security risks through these five aspects. In terms of the 
defense strategy, the Cyber Defense Matrix (CDM) developed based on the five major aspects 
of NIST and information assets (equipment, application, network, data and personnel) is 
integrated for continuous improvement and optimization. 
 
2. Product security development and manufacturing 
In response to the growing threat of information security, ASUS continues to promote product 
security development internally, incorporating security considerations into both the system life 
cycle (SLC) and the software development life cycle (SDLC). The analysis stage in the product 
life cycle conforms to the requirements engineering framework of the NIST 800-160 Systems 
Security Engineering, and the security specifications required by the product can be fully 
defined. 
 
The R&D process needs to comply with security design principles and the supply chain 
information security management during the manufacturing stage is also very important. In 
order to continue providing customers with safer products, the 2025 Sustainability Goals have 
added information security-related goals, including product R&D environmental security 
improvement and strengthening supply chain information security management, so that 
information security is implemented in every link.  The information security process is no 
longer just a one-way specification and control, but a two-way joint defense and collaboration 
with the supply chain to protect ASUS information assets from internal and external risks, and 
ensure the confidentiality, integrity and availability of the Company’s information security 
management system. 
 
3. Results of information security management 
(1) Establish security measures for WFH 
In response to the impact of the COVID-19 pandemic, high-security equipment, multiple 
authentication methods, and regular review of authorization status are used to strengthen the 
security of information system services and network for employees working from home. 
 
(2) Continue to improve employees' information safety awareness 
- Announce information security rules from time to time to remind employees to observe 
information security. 
-Strengthen employees' awareness of information security.  Information security 
education and training sessions are conducted every year, with a training completion rate 
of 100%. 
 
(3) Re-inforce information security defense drills 
- Prevention of Business Email Compromise (BEC) and conducted a total of 8 social 
engineering drill for the year.

139
 
- Information security protection defense drill 
In Q4 of this year, information security defense and response drills were conducted to 
assess the current level of the Group's information security protection. Potential risks were 
identified to strengthen the defense dimension. 
 
(4) Analysis of product components 
Introduce Open Source and third-party component composition analysis tools. Manage the 
use of open source software and improve product security and compliance. Obtain security 
correction recommendations and handle problems immediately to demonstrate and fulfill 
ASUS' commitment to information security. 
 
(5) Continued operation of information service 
The remote backup switchover exercise for the business continuity capability of the 
operational core information system has been completed in October 2021 to reduce the risk 
of interruption caused by the abnormal operation of the information system. 
 
(6) Incident/Violation 
Continue to improve employees' information security awareness and conduct information 
security protection drills. In 2021, the number of violations of information security rules 
within the Company has decreased month by month. Employees who violated the internal 
information security rules were also punished, accounting for about 0.017% of all incidents. 
 
(7) Taiwan High Tech Information Security Alliance 
A domestic Taiwan High Tech Information Security Alliance was established in 2021. The 
CISO of ASUS served as the 1st term convener. The Company actively participated in the 
joint defense, and has obtained good results in early warning and stopping malicious attacks. 
Regular meetings are held to promote the exchange of practical experience between the 
members. It is hoped that more domestic high-tech companies will start paying attention to 
information security, so that the industry joint alliance will have more participation from 
other industry peers. 
 
(II) The losses and possible impact suffered from major information security incidents and 
the countermeasures in 2021 to the date of publication of the annual report: none. 
 
VII. Major agreements:  
April 10, 2022 
Contract 
Property 
Affiliated Person 
Start/Expiration date of 
Contract 
Content 
Restrictions 
Credit 
Contracts 
Australia and New 
Zealand Banking Group 
Limited 
From Dec 9, 2019 to 
modify or terminate the 
contract 
Unsecured loan, 
totaling NT$80 million 
N/A 
Credit 
Contracts Taishin bank 
Jun 2, 2021 ~ 
May 31, 2022 
Unsecured loan, 
totaling NT$3 billion 
N/A

140
 
Contract 
Property 
Affiliated Person 
Start/Expiration date of 
Contract 
Content 
Restrictions 
Credit 
Contracts
Mega International 
Commercial Bank 
Aug 17, 2021 ~ 
Aug 16, 2022 
Unsecured loan, 
totaling NT$3 billion 
N/A 
Credit 
Contracts
The Shanghai 
Commercial & Savings 
Bank, Ltd. 
Aug 16, 2021 ~ 
Aug 15, 2022 
Unsecured loan, 
totaling NT$1 billion 
and USD 40 million 
N/A 
Credit 
Contracts
Taipei Fubon Bank 
Sep 24, 2021 ~ 
Jul 28, 2022 
Unsecured loan, 
totaling NT$2 billion 
N/A 
Except for the abovementioned credit line loan agreement, the Company has not entered into any 
important contract of special nature. The Company has also disclosed the "Material contingent 
liabilities and unrecognized contractual commitments" in the annual report and the Group's consolidate 
financial reports (refer to page 256).

141
 
VI. Financial Information 
 
I. Condensed balance sheet, income statement, and auditor’s opinions over the last five 
years 
(I) Condensed balance sheets (consolidated) 
Unit: NT$ thousands 
Year 
Item 
Financial information in the past five years (Note 1) 
As of  
April 10, 2022 
2017 
2018 
2019 
2020 
2021 
Current Assets 
257,588,380 254,924,246 240,183,814 260,584,730 
348,705,042 
(Note 2) 
Property, plant and 
equipment 
15,250,476 
16,733,866 
22,354,443 
21,022,891 
19,420,631 
Intangible Assets 
1,953,183 
2,071,736 
2,181,855 
2,182,446 
2,189,762 
Other Assets 
70,099,130 
68,436,028 
87,283,999 112,724,649 
133,837,379 
Total Assets 
344,891,169 342,165,876 352,004,111 396,514,716 
504,152,814 
Current 
Liabilities 
Before 
allocation 
153,886,173 162,689,625 154,518,625 166,172,007 
238,182,510 
After 
allocation 
165,027,577 173,831,029 164,917,269 185,483,774 
269,378,442 
Total non-current 
liabilities 
12,330,693 
11,784,327 
14,198,694 
15,701,158 
19,533,838 
Total 
Liabilities 
Before 
allocation 
166,216,866 174,473,952 168,717,319 181,873,165 
257,716,348 
After 
allocation 
177,358,270 185,615,356 179,115,963 201,184,932   288,912,280 
Share capital 
7,427,603 
7,427,603 
7,427,603 
7,427,603 
7,427,603 
Capital surplus 
5,554,197 
6,299,430 
6,297,000 
9,784,103 
9,839,911 
Retained 
earnings 
Before 
allocation 
136,913,856 130,233,968 131,203,394 147,344,480 
175,054,280 
After 
allocation 
125,772,452 119,092,564 120,804,750 128,032,713   143,858,348 
Other Equity 
25,248,529 
17,404,000 
31,932,043 
37,208,330 
40,009,424 
Treasury shares 
- 
- 
- 
- 
- 
Non-controlling interest 
3,530,118 
6,326,923 
6,426,752 
12,877,035 
14,105,248 
 
Total 
Equity 
Before 
allocation 
178,674,303 167,691,924 183,286,792 214,641,551 
246,436,466 
After 
allocation 
167,532,899 156,550,520 172,888,148  195,329,784 
215,240,534 
Note 1: The above financial information for each year was audited by CPA. 
Note 2: The 2022Q1 financial statements have not yet been audited by CPA up to the date of the report printed on 
April 10, 2022.

142
 
Condensed statements of comprehensive income (consolidated) 
Unit: NT$ thousands 
               Year 
   Item 
Financial information in the past five years (Note 1) 
As of  
April 10, 2022 
2017 
2018 
2019 
2020 
2021 
Operating revenue 
386,418,859 354,187,665 351,330,493 412,780,439 535,238,735 
(Note 2) 
Gross Profit 
54,902,250 
52,014,276 
53,488,118 
73,210,173 110,305,475 
Operating Income 
17,284,892 
16,975,634 
11,616,692 
24,957,063 
49,325,602 
Non-operating Income and 
Expenses 
6,435,902 
4,010,083 
7,687,459 
8,162,975 
9,763,128 
Profit before income tax 
23,720,794 
20,985,717 
19,304,151 
33,120,038 
59,088,730 
Income (Losses) from 
Continuing Operations for 
the year 
19,556,284 
17,342,299 
15,210,129 
25,802,857 
46,605,402 
Losses from Discontinued 
Operations 
(3,516,290) (12,069,803) (2,195,100) 
2,584,021 
- 
Profit for the year (Losses) 
16,039,994 
5,272,496 
13,015,029 
28,386,878 
46,605,402 
Other comprehensive 
income for the year 
(Net of income tax) 
(9,749,918) (7,613,160) 
14,518,543 
6,055,576 
5,555,620 
Total comprehensive 
income for the year 
6,290,076 (2,340,664) 
27,533,572 
34,442,454 
52,161,022 
Profit attributable to 
shareholders of the parent 
15,544,905 
4,235,036 
12,138,555 
26,557,672 
44,549,798 
Profit attributable to Non-
controlling interests 
495,089 
1,037,460 
876,474 
1,829,206 
2,055,604 
Total comprehensive 
income attributable to 
shareholders of the parent 
5,811,152 (3,346,590) 
26,666,598 
31,833,959 
49,822,661 
Total comprehensive 
income attributable to Non-
controlling interests 
478,924 
1,005,926 
866,974 
2,608,495 
2,338,361 
Earnings per share (non-
retroactive) 
20.93 
5.70 
16.34 
35.76 
59.98 
Note 1: The above financial information for each year was audited by CPA.  
Note 2: The 2022Q1 financial statements have not yet been audited by CPA up to the date of the report printed on 
April 10, 2022.

143
 
 (II) Condensed balance sheets (separate) 
Unit: NT$ thousands 
               Year 
   Item 
Financial information in the past five years (Note 1) 
As of 
April 10, 2022 
2017 
2018 
2019 
2020 
2021 
Current Assets 
114,259,033 108,263,861 101,725,411 
108,269,180 173,336,452 
(Note 2) 
Property, plant and 
equipment 
7,431,227 
9,041,080 
11,851,468 
12,284,243 11,803,802 
Intangible Assets 
115,992 
113,635 
90,479 
242,070 
174,903 
Other Assets 
137,492,255 133,165,955 151,366,338 
170,199,844 190,347,539 
Total Assets 
259,298,507 250,584,531 265,033,696 
290,995,337 375,662,696 
Current 
Liabilities 
Before 
allocation 
72,510,647 
77,519,048 
73,526,095 
74,647,706 125,437,826 
After 
allocation 
83,652,051 
88,660,452 
83,924,739 
93,959,473 156,633,758 
Total non-current liabilities 
11,643,675 
11,700,482 
14,647,561 
14,583,115 17,893,652 
Total 
Liabilities 
Before 
allocation 
84,154,322 
89,219,530 
88,173,656 
89,230,821 143,331,478 
After 
allocation 
95,295,726 100,360,934 
98,572,300 
108,542,588 174,527,410 
Share capital 
7,427,603 
7,427,603 
7,427,603 
7,427,603 
7,427,603 
Capital surplus 
5,554,197 
6,299,430 
6,297,000 
9,784,103 
9,839,911 
Retained 
earnings 
Before 
allocation 
136,913,856 130,233,968 131,203,394 
147,344,480 175,054,280 
After 
allocation 
125,772,452 119,092,564 120,804,750 
128,032,713 143,858,348 
Other Equity 
25,248,529 
17,404,000 
31,932,043 
37,208,330 40,009,424 
Treasury shares 
- 
- 
- 
- 
- 
 
Total Equity 
Before 
allocation 
175,144,185 161,365,001 176,860,040 
201,764,516 232,331,218 
After 
allocation 
164,002,781 150,223,597 166,461,396 
182,452,749 201,135,286 
Note 1: The above financial information for each year was audited by CPA. 
Note 2: The 2022Q1 financial statements have not yet been audited by CPA up to the date of the report printed on 
April 10, 2022.

144
 
Condensed statements of comprehensive income (separate) 
Unit: NT$ thousands 
              Year 
   Item 
Financial information in the past five years (Note 1) 
As of 
April 10, 2022 
2017 
2018 
2019 
2020 
2021 
Operating revenue 
300,429,666 273,282,876 274,303,772 
328,664,005 
457,320,576 
(Note 2) 
Realized gross profit 
19,928,677 
18,154,704 
18,739,717 
29,470,078 
46,827,865 
Operating Income 
8,576,620 
8,904,342 
4,730,162 
11,915,457 
24,594,937 
Non-operating Income 
and Expenses 
12,841,875 
9,345,784 
12,603,188 
16,037,054 
28,244,094 
Profit before tax 
21,418,495 
18,250,126 
17,333,350 
27,952,511 
52,839,031 
Income (Losses) from 
Continuing Operations 
for the year 
19,061,195 
16,304,839 
14,333,655 
23,973,651 
44,549,798 
Losses from 
Discontinued Operations 
(3,516,290) (12,069,803)  (2,195,100) 
2,584,021            - 
Profit for the year 
15,544,905 
4,235,036 
12,138,555 
26,557,672 
44,549,798 
Other comprehensive 
income for the year (Net 
of income tax) 
(9,733,753) (7,581,626) 
14,528,043 
5,276,287 
5,272,863 
Total comprehensive 
income for the year 
5,811,152 (3,346,590) 
26,666,598 
31,833,959 
49,822,661 
Earnings per share 
(non-retroactive) 
20.93 
5.70 
16.34 
35.76 
59.98 
Note 1: The above financial information for each year was audited by CPA. 
Note 2: The 2022Q1 financial statements have not yet been audited by CPA up to the date of the report printed on 
April 10, 2022. 
 
(III) Auditing by CPAs 
 
CPAs and their auditing opinions in the past five years 
Auditing Year 
CPAs 
Opinions 
2017 
CHOU, CHIEN-HUNG, CHANG, MING-HUI 
Unqualified Opinion 
2018 
CHOU, CHIEN-HUNG, CHANG, SHU-CHIUNG 
Unqualified Opinion 
2019 
CHOU, CHIEN-HUNG, CHANG, SHU-CHIUNG 
Unqualified Opinion 
2020 
CHOU, CHIEN-HUNG, LIN, CHUN-YAO 
Unqualified Opinion 
2021 
CHOU, CHIEN-HUNG, LIN, CHUN-YAO 
Unqualified Opinion

145
 
II. Financial analysis in the past five years 
(I) Financial analysis for consolidated report 
             Year (Note 1) 
Item (Note 3) 
Financial analysis in the past five years(Note 8) 
As of  
April 10, 
2022 
2017 
2018 
2019 
2020 
2021 
Financial 
structure 
(％) 
Ratio of liabilities to 
assets 
48.19 
50.99 
47.93 
45.87 
51.12 
(Note 2) 
Ratio of long-term 
capital to Property, plant 
and equipment 
1,252.45 1,072.53 
883.43 
1,095.68 
1,369.52 
Solvency 
Current ratio (%) 
167.39 
156.69 
155.44 
156.82 
146.40 
Quick ratio (%) 
108.38 
95.01 
101.85 
93.33 
72.44 
Times interest earned 
114.93 
35.65 
102.98 
215.56 
346.47 
Operating 
ability 
Account receivable 
turnover (times) 
4.96 
4.10 
4.46 
5.52 
6.22 
Days sales in accounts 
receivable 
73.58 
89.02 
81.83 
66.12 
58.68 
Inventory turnover 
(times) 
3.73 
2.90 
3.00 
3.47 
2.92 
Account payable 
turnover (times) 
5.76 
4.97 
4.80 
5.93 
5.62 
Average days in sales 
97.85 
125.86 
121.66 
105.18 
125.00 
Property, plant and 
equipment turnover 
(times) 
29.93 
22.15 
17.98 
19.03 
26.47 
Total assets turnover 
(times) 
1.22 
1.03 
1.01 
1.10 
1.19 
Profitability 
Ratio of return on total 
assets (%) 
4.56 
1.60 
3.79 
7.62 
10.38 
Ratio of return on equity 
(%) 
8.84 
3.04 
7.42 
14.27 
20.22 
Ratio of profit before tax 
to Paid-in capital (%) 
(Note 7) 
268.78 
120.04 
230.34 
480.69 
795.53 
Profit ratio (%) 
3.70 
1.49 
3.70 
6.88 
8.71 
Earnings per share ($) 
(non-retroactive) 
20.93 
5.70 
16.34 
35.76 
59.98 
Cash flow 
(％) 
Cash flow ratio 
(0.90) 
3.18 
22.86 
(1.26) 
13.73 
Cash flow adequacy ratio 
86.40 
58.32 
79.66 
71.00 
35.04 
Cash reinvestment ratio 
(6.91) 
(3.15) 
11.60 
(5.14) 
4.77 
Leverage 
Degree of operating 
leverage 
4.54 
3.05 
4.83 
3.16 
2.33 
Degree of financial 
leverage 
1.01 
1.02 
1.01 
1.01 
1.00

146
 
The root causes of the financial ratio change in the last two years: 
Long-term fund to property, plant and equipment ratio: The total equity and non-current liabilities increased and 
property, plant and equipment decreased in the current year, 
resulting in an increase in the long-term fund to property, plant 
and equipment ratio. 
Quick ratio: The current liabilities increased is greater than the quick assets increased in the current year, resulting in a 
decreased in the quick ratio. 
Times interest earned: The net profit before tax increased in the current year, resulting in an increase in the times 
interest earned. 
Property, plant and equipment turnover (times): The net sales increased and the average net property decreased, 
resulting in an increase in the property, plant and equipment turnover 
(times). 
Return on total assets: The after-tax net profit increased is greater than the average total assets increased in the current 
year, resulting in an increase in the return on total assets. 
Return on equity: The after-tax net profit increased is greater than the average total equity increased in the current year, 
resulting in an increase in the return on equity. 
Pre-tax income to paid-in capital (%): The pre-tax net profit increased in the current year, resulting in an increase in the 
pre-tax income to paid-in capital. 
Profit margin: The after-tax net profit increased is greater than the operating income increased in the current year, 
resulting in an increase in the profit margin. 
Earnings per share: The net profit attributable to owners of the parent company increased during the year, resulting in an 
increase in earnings per share. 
Cash flow ratio: The cash inflow from operating activities increased is greater than the current liabilities increased in the 
current year, resulting in an increase in the cash flow ratio. 
Cash flow adequacy ratio: The net cash inflow from operating activity in the past five years decreased and inventory 
increase and cash dividend in the past five years increased, resulting in a decrease in the cash 
flow adequacy ratio. 
Cash reinvestment ratio: The cash flow provided by operating activities this year but cash flow used in operating 
activities last year, resulting in an increase in the cash reinvestment ratio. 
Operating leverage: The operating profit increased is greater than the (net operating revenue – Variable operating cost 
and expense) increased in the current year, resulting in a decrease in the operating leverage.

147
 
 (II) Financial analysis for separate report 
             Year (Note 1) 
 
Item (Note 3) 
Financial analysis in the past five years (Note 8) 
As of  
April 10, 
2022 
2017 
2018 
2019 
2020 
2021 
Financial 
structure 
(％) 
Ratio of liabilities to 
assets 
32.45 
35.60 
33.27 
30.66 
38.15 
(Note 2) 
Ratio of long-term 
capital to Property, 
plant and equipment 
2,513.55 
1,914.21 
1,615.90 
1,761.18 
2,119.87 
Solvency 
Current ratio (%) 
157.58 
139.66 
138.35 
145.04 
138.19 
Quick ratio (%) 
111.11 
87.40 
93.75 
77.49 
68.92 
Times interest earned 
76,318.04 
2,427.51 
6,816.96 
64,697.04 
60,945.67 
Operating 
ability 
Account receivable 
turnover (times) 
3.96 
4.04 
4.46 
6.80 
8.17 
Days sales in 
accounts receivable 
92.17 
90.34 
81.83 
53.67 
44.67 
Inventory turnover 
(times) 
9.14 
6.31 
6.10 
6.69 
5.56 
Account payable 
turnover (times) 
5.73 
5.18 
4.87 
6.01 
5.91 
Average days in sales 
39.93 
57.84 
59.83 
54.55 
65.64 
Property, plant and 
equipment turnover 
(times) 
46.52 
33.18 
26.26 
27.23 
37.97 
Total assets turnover 
(times) 
1.24 
1.07 
1.06 
1.18 
1.37 
Profitability 
Ratio of return on 
total assets (%) 
5.74 
1.66 
4.71 
9.55 
13.37 
Ratio of return on 
equity (%) 
8.72 
2.52 
7.18 
14.03 
20.53 
Ratio of profit before 
tax to Paid-in capital 
(%) (Note 7) 
236.32 
83.21 
203.81 
411.12 
711.39 
Profit ratio (%) 
4.63 
1.55 
4.43 
8.08 
9.74 
Earnings per share ($) 
(non-retroactive)) 
20.93 
5.70 
16.34 
35.76 
59.98 
Cash flow 
Cash flow ratio 
11.86 
14.78 
16.98 
9.45 
12.58 
Cash flow adequacy 
ratio 
42.01 
35.03 
41.88 
51.48 
39.92 
Cash reinvestment 
ratio 
(2.11) 
0.18 
0.69 
(1.53) 
(1.40) 
Leverage 
Degree of operating 
leverage 
2.31 
1.43 
3.36 
1.77 
1.73 
Degree of financial 
leverage 
1.00 
1.00 
1.00 
1.00 
1.00

148
 
The root causes of the financial ratio change in the last two years: 
Ratio of liabilities to assets: The total liabilities increased is greater than the total assets increased in the current year, 
resulting in an increase in the ratio of liabilities to assets. 
Long-term fund to property, plant and equipment ratio: The total equity and non-current liabilities increased and property, 
plant and equipment decreased in the current year, resulting in an 
increase in the long-term fund to property, plant and equipment 
ratio. 
Accounts receivable turnover ratio: The net sales increased is greater than the average accounts receivable increased in the 
current year, resulting in an increase in the accounts receivable turnover ratio. 
Property, plant and equipment turnover (times): The net sales increased and the average net property decreased, resulting 
in an increase in the property, plant and equipment turnover (times). 
Return on total assets: The after-tax net profit increased is greater than the average total assets increased in the current 
year, resulting in an increase in the return on total assets. 
Return on equity: The after-tax net profit increased is greater than the average total equity increased in the current year, 
resulting in an increase in the return on equity. 
Pre-tax income to paid-in capital (%):The pre-tax net profit increased in the current year, resulting in an increase in the 
pre-tax income to paid-in capital. 
Profit margin: The after-tax net profit increased is greater than the operating income increased in the current year, 
resulting in an increase in the profit margin. 
Earnings per share: The net profit attributable to owners of the parent company increased during the year, resulting in an 
increase in earnings per share 
Cash flow ratio: The cash inflow from operating activities increased is greater than the current liabilities increased in the 
current year, resulting in an increase in the cash flow ratio. 
Cash flow adequacy rate: The (Capital expenditure + Inventory increase + Cash dividend) in the past five years increased 
is greater than the cash inflow from operating activities in the past five years increased, 
resulting in a decrease in the cash flow adequacy ratio. 
Note 1: The financial information is audited by CPA. 
Note 2: The 2022Q1 financial statements have not yet been audited by CPA up to the date of the report printed on 
April 10, 2022. 
Note 3: Equations: 
1. Financial structure 
(1) Ratio of liabilities to assets = Total liabilities / Total assets 
(2) Ratio of long-term capital to property, plant and equipment = (Total equity + non-current liabilities) / 
Net property, plant and equipment 
2. Solvency 
(1) Current ratio = Current assets / Current liabilities 
(2) Quick ratio = (Current assets – Inventory – Prepaid expenses) / Current liabilities 
(3) Times interest earned = Net income before tax and interest expense / Interest expense of the year 
3. Operating ability 
(1) Account receivable turnover (including accounts receivable and notes receivable derived from business 
operation) = Net sales / Average accounts receivable (including accounts receivable and notes receivable 
derived from business operation) 
(2) Days sales in accounts receivable = 365 / Account receivable turnover 
(3) Inventory turnover = Cost of goods sold / Average inventory amount 
(4) Account payable turnover (including accounts payable and notes payable derived from business 
operation) = Cost of goods sold/ Average accounts payable (including accounts payable and notes 
payable derived from business operation) 
(5) Average days in sales = 365 / Inventory turnover 
(6) Property, plant and equipment turnover = Net sales / Average net property, plant and equipment

149
 
(7) Total assets turnover = Net sales / Average total assets 
4. Profitability 
(1) Ratio of return on total assets = [Net income (loss) + interest expense x (1-tax rate)] / Average total 
assets 
(2) Ratio of return on equity = Net income (loss) / Net average total equity 
(3) Ratio of profit before tax to paid-in capital = Net income before tax / Paid-in capital 
(4) Profit ratio = Net income (loss) / Net sales 
(5) Earnings per share = (Profit attributable to shareholders of the parent – preferred stock dividend) / 
Weighted average stock shares issued (Note 4) 
5. Cash flow 
(1) Cash flow ratio = Net cash flow from operating activity / Current liabilities 
(2) Cash flow adequacy ratio = Net cash flow from operating activity in the past five years / (Capital 
expenditure + Inventory increase + Cash dividend) in the past five years 
(3) Cash reinvestment ratio = (Net cash flow from operating activity – Cash dividend) / (Gross property, 
plant and equipment + Gross Investment property  + Long-term investment + Other non-current assets 
+ Working capital) (Note 5) 
6. Leverage: 
(1) Degree of operating leverage = (Net operating revenue – Variable operating cost and expense) / 
Operating income (Note 6) 
(2) Degree of financial leverage = Operating income / (Operating income – interest expense) 
Note 4: The following factors are to be included for consideration for the calculation of earnings per share: 
1. It is based on the weighted average common stock shares instead of the outstanding stock shares at yearend. 
2. For capitalization with cash or Treasury stock trade, the stock circulation must be included for consideration 
to calculate weighted average stock shares. 
3. For capitalization with retained earnings and capital surplus, the earnings per share calculated semi-
annually and annually must be adjusted retroactively and proportionally to the capitalization but without 
considering the issuance period of the capitalization. 
4. If preferred stock shares are nonconvertible and cumulative, the dividend of the year (whether it is 
distributed or not) shall be deducted from net income or added to the net loss. If preferred stock shares are 
not cumulative, preferred stock dividend shall be deducted from net income if there is any but it needs not 
be added to net loss if there is any. 
Note 5: The following factors are to be included for consideration for the analysis of cash flow: 
1. Net cash flow from operating activity meant for the net cash inflow from operating activity on the 
Statement of Cash Flow. 
2. Capital expenditure meant for the cash outflow of capital investment annually. 
3. Increase of inventory is counted only when ending inventory exceeds beginning inventory. If the ending 
inventory is decreased, it is booked as zero value. 
4. Cash dividend includes the amount for common stock and preferred stock. 
5. Gross Property, plant and equipment meant for the total Property, plant and equipment before deducting 
the accumulated depreciation. 
6. Gross investment property means the total investment property before deduction of the accumulated 
depreciation. 
Note 6: Issuers are to have operating cost and operating expenses classified into the category of fixed and variable. If 
the classification of operating cost and operating expense involves estimation or discretional judgment, it 
must be made reasonably and consistently. 
Note 7: For company shares without face value or each face value not equivalent to NTD10, the aforementioned 
calculation of paid-in capital ratio is calculated on the equity ratio under the parent company proprietors on 
the balance sheet. 
Note 8: The information of 2017 include discontinued operations. The information from 2018 to 2020 exclude 
discontinued operations.

150
 
III. Audit Committee's review report of 2021 
 
 
Audit Committee's Review Report of ASUSTeK Computer Inc. 
 
The Board of Directors has prepared the ASUSTeK Computer Inc. (“the Company”) 2021 
Business Report, financial statements, and proposal for earnings distribution. The CPA firm of 
PwC was retained to audit the Company’s financial statements and has issued an audit report 
relating to financial statements. The above Business Report, financial statements, and earnings 
distribution proposal have been examined and determined to be correct and accurate by the Audit 
Committee of ASUSTeK Computer Inc. According to Article 14-4 of the Securities and Exchange 
Act and Article 219 of the Company Law, we hereby submit this report. 
     
ASUSTek Computer Inc. 
 
Chairman of the Audit Committee: Mr. Chung-Hou, Tai 
 
March 16, 2022 
 
 
 
 
 
 
IV. Consolidated Financial Statements and Report of Independent Accountants of the 
parent company and subsidiaries in the most recent years: Please refer to Page 188-286 
for details. 
 
V. Separate Financial Statements and Report of Independent Accountants in the most 
recent years: Please refer to Page 287-356 for details. 
 
VI. Financial difficulties faced by the Company and the related party in the most recent 
years and up to the date of the annual report printed: None

151
 
VII. Review of financial position, management performance and 
risk management 
 
I. Analysis of financial position 
Consolidated Comparison of Financial Position 
Unit: NT$ thousands 
Year 
   Item 
2021 
2020 
Difference 
Amount 
% 
Current assets 
348,705,042 
260,584,730 
88,120,312 
33.82 
Property, plant and 
equipment 
19,420,631 
21,022,891 
(1,602,260) 
(7.62) 
Long-term investment, 
intangible assets and 
other assets 
136,027,141 
114,907,095 
21,120,046 
18.38 
Total assets 
504,152,814 
396,514,716 
107,638,098 
27.15 
Current liabilities 
238,182,510 
166,172,007 
72,010,503 
43.33 
Non-current liabilities 
19,533,838 
15,701,158 
3,832,680 
24.41 
Total liabilities 
257,716,348 
181,873,165 
75,843,183 
41.70 
Share capital 
7,427,603 
7,427,603           - 
      - 
Capital surplus 
9,839,911 
9,784,103 
55,808 
0.57 
Retained earnings 
175,054,280 
147,344,480 
27,709,800 
18.81 
Other equity 
40,009,424 
37,208,330 
2,801,094 
7.53 
Total equity attributable 
to shareholders of the 
parent 
232,331,218 
201,764,516 
30,566,702 
15.15 
Total equity 
246,436,466 
214,641,551 
31,794,915 
14.81 
Analysis of financial ratio change: 
1. Current assets: Due to increase in inventories during the period. 
2. Current liabilities: Due to increase in notes and trade payables during the period. 
3. Non-current liabilities: Due to increase in deferred income tax liabilities during the period.

152
 
Separate Comparison of Financial Position 
Unit: NT$ thousands 
Year 
Item 
2021 
2020 
Difference 
Amount 
% 
Current assets 
173,336,452 
108,269,180 
65,067,272 
60.10 
Property, plant and 
equipment 
11,803,802 
12,284,243 
 (480,441) 
(3.91) 
Long-term investment, 
intangible assets and 
other assets 
190,522,442 
170,441,914 
20,080,528 
11.78 
Total assets 
375,662,696 
290,995,337 
84,667,359 
29.10 
Current liabilities 
125,437,826 
74,647,706 
50,790,120 
68.04 
Non-current liabilities 
17,893,652 
14,583,115 
3,310,537 
22.70 
Total liabilities 
143,331,478 
89,230,821 
54,100,657 
60.63 
Share capital 
7,427,603 
7,427,603           - 
      - 
Capital surplus 
9,839,911 
9,784,103 
55,808 
0.57 
Retained earnings 
175,054,280 
147,344,480 
27,709,800 
18.81 
Other equity 
40,009,424 
37,208,330 
2,801,094 
7.53 
Total equity 
232,331,218 
201,764,516 
30,566,702 
15.15 
Analysis of financial ratio change: 
1. Current assets: Due to increase in trade receivables - related parties and inventories during 
the period. 
2. Current liabilities: Due to increase in notes and trade payables during the period. 
2. 3.Non-current liabilities: Due to increase in deferred income tax liabilities during the period.

153
 
II. Business performance 
(I) Consolidated Comparison of Business Performance 
Unit: NT$ thousands 
Item 
2021 
2020 
Amount change 
Ratio change (%) 
Operating revenues 
$535,238,735 $412,780,439 
$122,458,296 
29.67 
Operating costs 
(424,922,806) (339,554,721) 
(85,368,085) 
25.14 
Gross profit 
110,315,929 
73,225,718 
37,090,211 
50.65 
Unrealized sales benefit 
(10,454) 
(15,545) 
5,091 
(32.75) 
Net operating profit 
110,305,475 
73,210,173 
37,095,302 
50.67 
Operating expenses 
(60,979,873) 
(48,253,110) 
(12,726,763) 
26.38 
Operating profit 
49,325,602 
24,957,063 
24,368,539 
97.64 
Non-operating income and expenses 
 
 
 
 
Interest income 
527,999 
639,852 
(111,853) 
(17.48) 
Other income 
3,033,587 
3,023,137 
10,450 
0.35 
Other gains (losses) 
4,116,701 
4,019,102 
97,599 
2.43 
Finance costs 
(171,037) 
(166,409) 
(4,628) 
2.78 
Share of profit of associates and 
joint ventures accounted for 
under equity method 
2,255,878 
647,293 
1,608,585 
248.51 
Total non-operating income and 
expenses 
9,763,128 
8,162,975 
1,600,153 
19.60 
Profit before income tax 
59,088,730 
33,120,038 
25,968,692 
78.41 
Income tax expenses 
(12,483,328) 
(7,317,181) 
(5,166,147) 
70.60 
Profit from continuing operations for 
the period 
46,605,402 
25,802,857 
20,802,545 
80.62 
Profit from discontinuing operations 
for the period 
- 
2,584,021 
(2,584,021) 
(100.00) 
Profit for the year 
$46,605,402 
$28,386,878 
$18,218,524 
64.18 
Other comprehensive income (loss)  
 
 
 
Components of other comprehensive 
income that will not be reclassified 
to profit or loss 
 
 
 
 
Remeasurements of defined 
benefit plan 
$17,872 
($25,556) 
$43,428 
(169.93) 
Unrealized gains (losses) from 
investments in equity 
instruments measured at 
fair value through other 
comprehensive income 
6,371,861 
8,671,271 
(2,299,410) 
(26.52) 
Share of other comprehensive 
income (loss) of associates 
and joint ventures 
accounted for under equity 
method 
515,549 
1,770,567 
(1,255,018) 
(70.88)

154
 
Item 
2021 
2020 
Amount change 
Ratio change (%) 
Income tax relating to the 
components of other 
comprehensive income 
(11,986) 
(21,171) 
9,185 
(43.38) 
Components of other comprehensive 
income that will be reclassified to 
profit or loss 
 
 
 
 
Financial statements 
translation differences of 
foreign operations 
(2,913,889) 
(4,372,649) 
1,458,760 
(33.36) 
Gains (losses) on hedging 
instrument 
1,246,189 
(503,550) 
1,749,739 
(347.48) 
Share of other comprehensive 
income (loss) of associates 
and joint ventures accounted 
for under equity method 
(248,842) 
(341,112) 
92,270 
(27.05) 
Income tax relating to the 
components of other 
comprehensive income 
578,866 
877,776 
(298,910) 
(34.05) 
Other comprehensive income (loss) 
for the year 
$5,555,620 
$6,055,576 
($499,956) 
(8.26) 
Total comprehensive income for the 
year 
$52,161,022 
$34,442,454 
$17,718,568 
51.44 
Profit attributable to: 
   shareholders of the parent 
$44,549,798 
$26,557,672 
$17,992,126 
67.75 
Total comprehensive income 
attributable to: 
shareholders of the parent 
$49,822,661 
$31,833,959 
$ 17,988,702 
56.51 
Analysis of financial ratio change: 
1. Operating profit: Mainly due to the increase in operating revenues this year. 
2. 2. Profit from discontinuing operations for the period: There is no discontinued operations this year.

155
 
Separate Comparison of Business Performance 
Unit: NT$ thousands 
Item 
2021 
2020 
Amount change 
Ratio change (%) 
Operating revenue 
$457,320,576 
$328,664,005 
$128,656,571 
39.15 
Operating costs 
(404,445,956) 
(299,827,531) 
(104,618,425) 
34.89 
Gross profit 
52,874,620 
28,836,474 
24,038,146 
83.36 
Unrealized profit from sales 
(6,046,755) 
633,604 
(6,680,359) 
(1,054.34) 
Realized Gross profit 
46,827,865 
29,470,078 
17,357,787 
58.90 
Operating expenses 
(22,232,928) 
(17,554,621) 
(4,678,307) 
26.65 
Operating profit 
24,594,937 
11,915,457 
12,679,480 
106.41 
Non-operating income and expenses 
 
 
 
 
Interest income 
23,389 
25,351 
(1,962) 
(7.74) 
Other income 
2,944,375 
2,975,245 
(30,870) 
(1.04) 
Other gains (losses) 
3,891,989 
2,295,493 
1,596,496 
69.55 
Finance costs 
(867) 
(472) 
(395) 
83.69 
Share of profit of subsidiaries, 
associates and joint ventures 
accounted for under equity 
method 
21,385,208 
10,741,437 
10,643,771 
99.09 
Total non-operating income 
and expenses 
28,244,094 
16,037,054 
12,207,040 
76.12 
Profit before income tax 
52,839,031 
27,952,511 
24,886,520 
89.03 
Income tax expenses 
(8,289,233) 
(3,978,860) 
(4,310,373) 
108.33 
Profit from continuing operations for 
the period 
44,549,798 
23,973,651 
20,576,147 
85.83 
Profit from discontinuing operations 
for the period 
- 
2,584,021 
(2,584,021) 
(100.00) 
Profit for the year 
$44,549,798 
$26,557,672 
$ 17,992,126 
67.75 
Other comprehensive income 
 
 
 
 
Components of other comprehensive 
income that will not be reclassified 
to profit or loss 
 
 
 
 
Unrealized losses from 
investments in equity 
instruments measured at fair 
value through other 
comprehensive income 
$6,057,678 
$8,416,416 
($2,358,738) 
(28.03) 
Share of other comprehensive 
income (losses) of associates 
and joint ventures accounted 
for under equity method 
416,687 
1,009,591 
(592,904) 
(58.73) 
Components of other comprehensive 
income that will be reclassified to 
profit or loss 
 
  
 
Financial statements translation 
(2,556,625) 
(4,063,588) 
1,506,963 
(37.08)

156
 
Item 
2021 
2020 
Amount change 
Ratio change (%) 
differences of foreign operations 
Share of other comprehensive 
income of subsidiaries, 
associates and joint ventures 
accounted for under equity 
method 
783,142 
(966,564) 
1,749,706 
(181.02) 
Income tax relating to the 
components of other 
comprehensive income 
571,981 
880,432 
(308,451) 
(35.03) 
Other comprehensive (loss) income 
for the year 
$5,272,863 
$5,276,287 
($3,424) 
(0.06) 
Total comprehensive income for the 
year 
$49,822,661 
$31,833,959 
$ 17,988,702 
56.51 
Analysis of financial ratio change: 
1. Operating profit: Mainly due to the increase in operating revenues this year. 
2. Non-operating income and expenses: Mainly due to the increase in the share of interests of subsidiaries, 
affiliates and joint ventures recognized using the equity method in the current period. 
2. 3.Profit from discontinuing operations for the period : There is no discontinued operations this year 
 
III. Analysis of cash flow 
(I) Consolidated liquidity analysis of the last two years 
Year 
 
Item 
2021 
2020 
Financial ratio change 
Cash flow ratio 
13.73% 
(1.26%) 
Not applicable 
Cash flow adequacy ratio 
35.04% 
71.00% 
(50.65%) 
Cash reinvestment ratio 
4.77% 
(5.14%) 
Not applicable 
Analysis of financial ratio change: 
1.The cash flow ratio increased during the year: 
  The cash inflow from operating activities increased is greater than the current 
liabilities increased in the current year, resulting in an increase in the cash flow 
ratio. 
2. Cash flow adequacy ratio decreased during the year: 
  The net cash inflow from operating activity in the past five years decreased and 
inventory increase and cash dividend in the past five years increased, resulting in 
a decrease in the cash flow adequacy ratio. 
3.The cash re-investment ratio increased during the year: 
The cash flow provided by operating activities this year but cash flow used in 
operating activities last year, resulting in an increase in the cash reinvestment 
ratio.

157
 
Separate liquidity analysis of the last two years 
Year 
 
Item 
2021 
2020 
Financial ratio change 
Cash flow ratio 
12.58% 
9.45% 
33.12% 
Cash flow adequacy ratio 
39.92% 
51.48% 
(22.46%) 
Cash reinvestment ratio 
(1.40%) 
(1.53%)     Not applicable 
Analysis of financial ratio change: 
1. The cash flow ratio increased during the year: 
  The cash inflow from operating activities increased is greater than the current liabilities 
increased in the current year, resulting in an increase in the cash flow ratio. 
2. Cash flow adequacy ratio decreased during the year: 
The (Capital expenditure + Inventory increase + Cash dividend) in the past five years 
increased is greater than the cash inflow from operating activities in the past five years 
increased, resulting in a decrease in the cash flow adequacy ratio. 
 
(II) Analysis of cash liquidity in one year: N/A 
 
IV. The impact of significant capital expenditure on finance in recent years: None 
 
V. Reinvestment in recent years: 
Unit: NT$ thousands 
Item 
(Note) 
Amount 
Policy 
Gain or Loss 
in 2021 
Root cause of 
profit or loss 
Corrective 
action 
Investment Plans 
Own brand 
business 
- 
Develop brand 
business to 
improve 
competitiveness 
and operating 
performance 
20,748,057 
Focus on brand 
marketing and 
business 
development 
- 
- 
Note: Own brand business included: ASUS GLOBAL PTE. LTD., ASUS TECHNOLOGY PTE. LIMITED, 
ASUS TECHNOLOGY INCORPORATION, ASUSTEK COMPUTER (SHANGHAI) CO. LTD., 
ASUS COMPUTER INTERNATIONAL, ASUSTEK Computer (Chongqing) CO., LTD., ACBZ 
IMPORTACAO E COMERCIO LTDA., ASUS JAPAN INCORPORATION, ASUS INDIA 
PRIVATE LIMITED, ASUS COMPUTER GMBH, ASUS HOLDING MEXICO, S.A. DE C. V., 
ASUS EUROPE B.V., PT. ASUS TECHNOLOGY INDONESIA BATAM, PT. ASUS 
TECHNOLOGY INDONESIA JAKARTA and ASUS Technology (Suzhou) Co. Ltd. 
 
VI. Risk analysis and evaluation in recent years and up to the date of the annual report 
printed: 
(I) The impact of interest rate, exchange rate, and inflation on the Company’s income and 
expense and the responsive measures: 
1. The impact of interest rate on the Company’s income and expense and the responsive 
measures: 
The ratio of 2021 interest income and interest expense for ASUS Group to the 2021

158
 
revenue were 0.1% and 0.03% respectively, which accounted considerably low ratio of 
revenue after evaluation. Hence variance of interest rate did not have any significant 
impact on the Group.   
2. The impact of exchange rate on the Company’s income and expense and the responsive 
measures: 
The 2021 net foreign exchange loss recognized by the Group accounted the ratio to 2020 
revenue was 0.51%, and therefore variance in foreign exchange rate did not have any 
significant impact on the Group.  
3. The impact of inflation on the Company’s income and expense and the responsive 
measures: 
The global major economies in 2021 did not have significant inflation after evaluation 
and hence did not have any significant impact on the Group. The Company will continue 
to pay close attention to this issue in the future.  
 
(II) Conducting high-risk and high-leverage investment, granting loans to others, endorsement 
& guarantee and directives policy, root cause of profit and loss, and the responsive measures: 
The Group engages in borrowing funds to others, endorsement guarantee and derivate 
products transactions according to the policies and countermeasures developed from 
“Acquisition or Disposition of Information Asset Process” and “Endorsement and Guarantee 
Operation Procedure. The Group follows the procedures with prudent execution.  
 
(III) R&D plans and budgeted R&D expense: 
ASUS cannot stress enough the importance of R&D team cultivation and training since the 
incorporation. ASUS is capable of owning key technology of products controlled to secure 
the schedule of mass production. ASUS will base on the said fine tradition to reinforce the 
R&D capability of the Company and add it with market movement to have unique and 
innovative information products developed. 
1. Products development planned in 2022: 
(1) Digital control wireless transmission technology CPU MB 
(2) Advanced 3D graphics cards 
(3) Smartphones 
(4) High Performance thin-and-light laptops 
(5) ScreenPad Plus dual-screen laptops 
(6) ProArt creator laptops 
(7) High-speed router / Network switch / Firewall / VPN 
(8) New-generation advanced servers 
(9) Professional gaming LED displays & PCs 
(10) ChromeOS devices 
(11) AIoT solutions (Smart Manufacturing, Smart Healthcare, Smart Retail) 
2. In response to the needs of the R&D plan, the R&D expenses expected to be invested in 
2022 will account for about 3% to 5% of the total revenue for the year.

159
 
 (IV) The impact of domestic and international policies and law change on the Company’s 
finance and the responsive measures: None. 
 
 (V) The impact of technology change (Including Information Security Management) and 
industrial change on the Company’s finance and the responsive measures: 
ASUS constantly strives to be an integrated 3C solution provider (Computer, 
Communications, Consumer electronics). Technology change provides the Company 
with unlimited business opportunity for new products. The Company was with 2.92 times 
of inventory turnover in 2021; apparently, there was not any significant negative impact 
on finance. 
In response to cybersecurity risks, ASUS has established the "Digital Security Office" as 
the dedicated management unit. The Office specializes in the internal and external 
security management-related issues in the digital age, such as supply chain security, risk 
management, information security defense drills, personnel education, etc. It ensures that 
the operating impact and risks caused by exceptions in cybersecurity can be minimized. 
 
(VI) The impact of industrial image change on business risk management and the responsive 
measures: 
ASUS has maintained a fine industrial image and there is not any negative report on the 
Company’s image. 
 
(VII) The expected effect, potential risk, and responsive measures of merger: 
The Company’s did not have any merger conducted in 2021 and up to the date of the 
annual report printed. 
 
(VIII) The expected effect, potential risk, and responsive measures of plant expansion: Not 
Applicable. 
 
(IX) The risk faced by procurements and sales hub and the responsive measures: 
The Company’s procurements and sales are not centralized and with a good customer 
relationship established; therefore, no risk of procurements and sales centralization. 
 
(X) The impact of massive stock transfer or change by directors and shareholders with over 
10% shareholding, the risk, and the responsive measures: 
There was not any massive stock transfer or change by directors and shareholders with 
over 10% shareholding in 2021 and up to the date of the annual report printed. 
 
(XI) The impact of right to operate change on the Company, the risk, and the responsive 
measures: Not Applicable. 
 
(XII) Legal and non-legal events: 
1. The Company’s major legal issues, non-legal issues, or administrative lawsuits settled 
or in pending:

160
 
(1) Several patentees filed lawsuits or investigations for patent infringement including 
MP3 function for desktop computer and notebook, display and projector products, 
notebook and tablet against the Group. These lawsuits or investigations are 
currently under investigation in California and Texas. The Group cannot presently 
determine the ultimate outcome of these lawsuits but has already recognized the 
possible loss in the financial statements. 
 
(2) Several patentees filed lawsuits or investigations for patent infringement including 
cellphone and tablet products, AP and Router products supporting MU-MIMO, 
notebook, LED for cellphone products, wireless network communication products 
that support IEEE 802.11ac communication standard, after-sales service, OLED 
for cellphone products, cellphone and tablet products with MPEG2-TS 
transportation stream function, various products using LVDS technology 
processors, monitor product, cellphone, notebook and wireless routers complying 
with 3G/4G communication standard, monitor product with local dimming, router, 
wireless base station, notebook, cellphone supporting MU-MIMO, circuit board 
design, router, notebook, desktop, motherboard, Mini PC and cellphone 
supporting Wi-Fi 6, AMOLED panel and dock with card reader function against 
the Group. These lawsuits or investigations are currently under investigation in 
the courts in Texas, California, Alabama, Japan, Brazil, Malaysia, China, and at 
the Italian Competition Authority. The Group cannot presently determine the 
ultimate outcome and effect of these lawsuits. 
 
2. The related party’s major legal issues, non-legal issues, or administrative lawsuits 
settled or in pending: N/A 
 
(XIII) Other significant risks and responsive measures:  
 
Management of intellectual property  
ASUS’s mission is “In search of incredible innovations to create the most ubiquitous, 
intelligent, heartfelt and joyful smart life for everyone”. Every year, the Company 
invested in massive R&D based on technology. In addition to continuously developing 
new products that brought innovative sensation to consumers, we generated large 
amounts of intellectual properties. 
 
In order to protect the Company’s important R&D achievements, the Company issued 
the “Patent Management Measures” to stipulate related tasks for internal patent 
proposals, and set up incentive measures to encourage R&D employees to apply for 
patent protection.  This approach has been incorporated into the company’s R&D 
cycle review and internal control process, and audits are conducted at least once a year. 
In response the “Patent Management Measures,” the Company has developed its own 
“Patent Case Management System” to offer the convenience of online proposals by 
employees across the corporate group. Invention proposals are researched by internal 
personnel, and online review is carried out case by case with supervisors who are 
familiar with the related technologies to carefully assess the inventions.  The approved 
proposals for official application are managed by dedicated personnel to ensure the

161
 
quality of the patent application.  Comprehensive management is built through the 
system to protect the Company’s important intellectual property and avoid 
infringement by others. An “Annuity Management System” has been developed for the 
maintenance after patent approval to ensure that the effectiveness of the Company’s 
intellectual property rights are protected. In response to the revisions of national patent 
laws and regulations, recommendations for internal improvement, changes in operating 
policies, etc., the Company reviews and adjusts the “Patent Management Measures,” 
“Patent Case Management System,” and “Annuity Management System” at any time 
to ensure that the management plans can keep up with the ever-changing business 
environment, meet the Company’s needs and reduce legal risks. The Company 
regularly reports the implementation status of intellectual property management to the 
board of directors. The most recent report date was November 10, 2021. 
In 2021, the list of intellectual property achievements for ASUS is shown as follows: 
1. As of the end of 2021, 5255 patents have been obtained in countries around the 
world. 
2. The number of patent applications in Taiwan in 2021 was 185, ranking the 
Company in 13th place. 
3. 161 patents were granted in 2021, ranking the Company in 14th place of all 
companies. 
4. 284 patents were granted in Europe and the U.S. in 2021. 
5. 164 patents were granted in Asia (Japan, Korea, China, India) in 2021, an increase 
of 48% over the previous year. 
6. 609 patents were granted worldwide in 2021, an increase of 10% over last year. 
7. 555 patent applications were filed in the communication field in 2021. 
8. A total of 58 Standard Essential Patents (SEP) were declared in the European 
Telecommunications Standard Institute (ETSI) in 2021. As of the end of 2021, 
ASUS has accumulated 218 SEP patent families. 
 
VII. Other material events: None

162
 
VIII. Special disclosures 
 
I. Related party 
 
(II) Consolidated financial statements of the related party 
1. Related party 
(1) Organizational structure of related party: Please refer to Page 163-166. 
(2) Company profile of related party: Please refer to Page 167-171. 
(3) A controlling and hierarchical relationship according to Article 369.3 of Company Law: 
None 
(4) Business scope of ASUS Group: 
 
The business scope of ASUS and the related parties include computer-related product 
design, production, processing, and sales. Some related parties are in the business of 
investment. In general, the collaboration within the organization is to generate the best 
result through reciprocal support in technology, production, marketing, and sales. 
(5) Directors, supervisors, and president of the related party: Please refer to Page 172-179. 
2. Business operation of the related party: Please refer to Page 180-186. 
 
(II) Consolidated Financial Statements and Report of Independent Accountants of the parent 
company and subsidiaries: Please refer to Page 188-286. 
 
(III) Related Party Report: Not Applicable 
 
II. Subscription of marketable securities privately in the most recent years and up to the date 
of the report printed: None 
 
III. The stock shares of the Company held or disposed by the subsidiaries in the most recent 
years and up to the date of the report printed: None 
 
IV. Supplementary disclosures: None 
 
V. Occurrence of events defined in Securities Transaction Law Article 36.2.2 that has great 
impact on shareholder’s equity or security price in the most recent years and up to the 
date of the report printed: None

163
 
ASUS Organization Chart  (2021.12.31)
94.58%
100%
100%
100%
100%
100%
100%
50.99%
100%
69.25%
35.40%
5.60%
99%
99%
100%
Organization
ASUS
ASUS
ASUS
HUA-MIN
ASUS
QUANTUM CLOUD
HUA-CHENG
SHINEWAVE
ASUS
 INTERNATIONAL
ASMEDIA
ONYX
PT. ASUS
PT. ASUS
UNIMAX
Chart as
CLOUD
TECHNOLOGY
COMPUTER
INVESTMENT
GLOBAL
INTERNATIONAL
VENTURE CAPITAL
INTERNATIONAL
HOLLAND
UNITED
TECHNOLOGY
HEALTHCARE
 TECHNOLOGY
 TECHNOLOGY
ELECTRONICS
Continued
CORP.
INC.
INTERNATIONAL
CO., LTD.
PTE. LTD.
PTE. LTD.
CORP.
INC.
B. V.
TECHNOLOGY CO., LTD.
INC.
INC.
 INDONESIA BATAM
 INDONESIA JAKARTA
INC.
100%
100%
50%
3.47%
5.62%
1.20%
100%
100%
ASUS CLOUD
ASUS CLOUD
ASUS LIFE
ASMEDIA
AAEON
ONYX
JOTECH LTD.
EMES
(LUXEMBOURG)
SINGAPORE
CORPORATION
TECHNOLOGY
TECHNOLOGY
HEALTHCARE
(SHUZHOU)
 S. A R. L.
PTE. LTD.
INC.
INC.
INC.
CO., LTD.
 
0.01%
7.12%
5.62%
0.00%
1%
1%
SHINEWAVE
ASMEDIA
AAEON
 INTERNATIONAL
PT. ASUS
PT. ASUS
INTERNATIONAL
TECHNOLOGY
TECHNOLOGY
UNITED
 TECHNOLOGY
 TECHNOLOGY
INC.
INC.
INC.
TECHNOLOGY CO., LTD.
 INDONESIA BATAM
 INDONESIA JAKARTA
ASUSTEK COMPUTER INC.

164
 
 
 
ASUS Organization Chart  (2020.12.31) - (1)
Asustek
Computer
Inc.
100%
100%
100%
29.47%
競碩文化
ASUS
UNIMAX
AAEON
傳媒(上海)
INTERNATIONAL
ELECTRONICS
TECHNOLOGY
有限公司
LIMITED
INC.
INC.
100%
100%
100%
100%
100%
50%
100%
AAEON
AAEON
AAEON
AAEON
AAEON
ONYX
CHANNEL
ELECTRONICS,
TECHNOLOGY
TECHNOLOGY
TECHNOLOGY
INVESTMENT
HEALTHCARE
 
PILOT
INC.
 SINGAPORE PTE. LTD.
CO., LTD.
(EUROPE) B.V.
CO., LTD.
INC.
LIMITED
0.00%
0.01%
1%
50%
100%
20%
100%
100%
100%
100%
100%
46%
ASUS
ASUS SERVICE
 PT. ASUS
ASUS 
ASUS
ASUS 
AAEON
AAEON
 ONYX
 ONYX
 ONYX
IHELPER INC.
(THAILAND)
(THAILAND)
SERVICE
EGYPT
TECHNOLOGY
MIDDLE
TECHNOLOGY
TECHNOLOGY
HEALTHCARE
HEALTHCARE
HEALTHCARE
CO., LTD.
CO., LTD.
INDONESIA
L.L.C.
PTE. LIMITED
EAST FZCO
(SUZHOU) INC.
GMBH
(SHANGHAI) LTD.
EUROPE B. V.
USA, INC.
Continue to (4)
ASUS TECHNOLOGY
PTE. LIMITED

165
 
 
 
ASUS Organization Chart  (2021.12.31) - (2)
ASUSTEK
COMPUTER
INC.
100%
ASKEY
COMPUTER
CORP.
100%
0.01%
100%
100%
100%
79.76%
100%
100%
DYNALINK
ASKEY
MAGIC
ASKEY
ASKEYUK
SILIGENCE
WONDALINK INC.
ASKEY DIGITAL
INTERNATIONAL
DO BRASIL
INTERNATIONAL
INTERNATIONAL
CO. LIMITED
SAS
TECHNOLOGY CORP.
CORP.
TECNOLOGIA LTDA.
CO., LTD.
CORP.
100%
100%
100%
100%
100%
100%
99.99%
100%
ASKEY (VIETNAM)
WISE ACCESS
ASKEY
ASKEY
YANG XU ELECTRONIC
MAGICOM
ASKEY
ASKEY
COMPANY LIMITED
(HK) LIMITED
CORPORATION
COMMUNICATION
TECHNOLOGY
INTERNATIONAL
DO BRASIL
JAPAN
(THAILAND) CO., LTD.
 GMBH
(SHANGHAI) LTD.
CORP.
TECNOLOGIA LTDA.
CO., LTD.
16.19%
100%
SILIGENCE
ASKEY
SAS
TECHNOLOGY
(JIANGSU) LIMITED

166
 
 
ASUS Organization Chart  (2021.12.31) - (3)
 
 
ASUS
TECHNOLOGY
PTE. LIMITED
100%
100%
100%
100%
70%
100%
100%
100%
100%
100%
100%
100%
100%
ASUS
ASUS
ASUS
ASUS
LIABILITY LIMITED
ASUSTEK
ASUS
ASUSTEK COMPUTER
ASUS
ASUSTEK (UK)
ASUS
ASUS
ASUS COMPUTER
CHILE SPA
TECHNOLOGY
EUROPE B.V.
TECHNOLOGY
COMPANY A25
COMPUTERS
KOREA
 MALAYSIA
FRANCE
LIMITED
COMPUTER
TECHNOLOGY
COLOMBIA
(VIETNAM) CO., LTD.
PRIVATE LIMITED
(PTY) LIMITED
CO., LTD.
SDN. BHD.
SARL
GMBH
(HONG KONG) LIMITED
S. A. S
100%
100%
1%
1%
100%
100%
100%
100%
0.01%
100%
100%
100%
0.00%
0.00%
ASUS HUNGARY
ASUS
ASUS PERU
ASUS HOLDING
ASUS
ASUS BILGISAYAR
ASUS 
ASUS TEKNOLOJI
ASUS SERVICE
ASUS COMPUTER
ASUS
ASUSTEK
ACBZ
ASUS  INDIA
 SERVICES LIMITED
SWITZERLAND
S.A.C.
MEXICO, S.A.
NORDIC AB
SISTEMLERI TICARET
CZECH SERVICE
SERVISLERI TICARET
(THAILAND)
CZECH REPUBLIC
POLSKA
ITALY
IMPORTACAO E
PRIVATE
 LIABILITY COMPANY
GMBH
DE C. V.
LIMITED SIRKETI
S. R. O.
LIMITED SIRKETI
CO., LTD.
S. R. O.
SP.Z O.O.
S.R.L.
COMERCIO LTDA.
LIMITED
100%
0.00%
100%
30%
100%
ASUS PORTUGAL,
ASUS 
QC SERVER
LIABILITY LIMITED
ASUS UKRAINE
SOCIEDADE
(THAILAND)
AB
COMPANY A25
LIMITED
UNIPESSOAL LDA
CO., LTD.
LIABILITY COMPANY
100%
100%
99%
99%
99%
100%
100%
100%
100%
100%
100%
99.98%
80%
100%
ASUS PROPERTIES
ASUS
ASUS HOLDING
 PT. ASUS
ASUS PERU
ASUS  ISRAEL
ASUS  INDIA
ASUS SPAIN,
ACBZ
ASUS
ASUS SERVICE
ASUS SERVICE
ASUS 
ASUS
(VIETNAM) LTD.
JAPAN
MEXICO, S. A.
SERVICE
S.A.C.
(TECHNOLOGY)
PRIVATE
S.L.U.
IMPORTACAO E
AUSTRALIA
AUSTRALIA
(THAILAND)
MIDDLE
(THAILAND)
INCORPORATION
DE C. V.
INDONESIA
LTD
LIMITED
COMERCIO LTDA.
PTY LIMITED
PTY LIMITED
CO., LTD.
EAST FZCO
CO., LTD.
50%
100%
100%
100%
100%
100%
ASUS 
ASUS
ASUSTEK COMPUTER
ASUSTEK
ASUS
ASUS
EGYPT
PHILIPPINES
(SHANGHAI)
COMPUTER
TECHNOLOGY
COMPUTER
L. L. C.
CORPORATION
CO., LTD.
(Chongqing) CO., LTD.
(SUZHOU) CO., LTD.
(SHANGHAI) CO., LTD.
100%
ASUS
INVESTMENTS
(SUZHOU) Co. Ltd.

167
 
(2)Basic Data of Affiliated Enterprises (As of Dec 31, 2021) 
In thousand NTD 
NAME OF CORPORATION 
DATE OF 
ESTABLISHMENT 
ADDRESS 
CAPITAL 
MAJOR BUSINESS SCOPE 
ASUS COMPUTER INTERNATIONAL 
June 21, 1994 
USA 
13,840 Selling 3C products in North America 
ASUS TECHNOLOGY INCORPORATION 
April 20, 1999 
Taiwan 
190,000 Selling 3C products in Taiwan 
ASUS HOLLAND B. V. 
March 29, 2000 
Netherlands 
152,215 Repairing 3C products 
ASUS INTERNATIONAL LIMITED 
March 8, 2002 
Cayman Islands 
2,483,728 Investing in 3C and computer peripheral business 
HUA-CHENG VENTURE CAPITAL CORP. 
May 27, 2008 
Taiwan 
1,145,000 Investing in computer peripherals business 
HUA-MIN INVESTMENT CO., LTD. 
May 27, 2008 
Taiwan 
680,000 Investing in computer peripherals business 
JOGEEK TECHNOLOGY LIMITED 
Dec 13, 2019 
Taiwan 
30,000 Repairing and selling of information software and 
electronic information materials 
ASMEDIA TECHNOLOGY INC. 
March 31, 2004 
Taiwan 
692,181 Designing, researching, developing and manufacturing of 
high-speed analog circuit 
ASUS GLOBAL PTE. LTD. 
March 15, 2013 
Singapore 
775,040 Selling 3C products 
QUANTUM CLOUD INTERNATIONAL PTE. LTD. 
Feb 11, 2014 
Singapore 
22,974 Servicing of information technology 
PT. ASUS TECHNOLOGY INDONESIA JAKARTA 
May 23, 2017 
Indonesia 
218,996 Selling of 3C products in Indonesia 
PT. ASUS TECHNOLOGY INDONESIA BATAM 
May 24, 2017 
Indonesia 
979,698 Selling of 3C products in Indonesia 
JINSHUO CULTURAL DIFFUSION CO., LTD. 
June 15, 2018 
China 
642,196 Participating and promoting of professional eSports 
UNIMAX ELECTRONICS INCORPORATION 
April 17, 2007 
Taiwan 
213,000 Manufacturing and selling of automotive electronics and 
computer peripherals 
TAIWAN WEB SERVICE CORPORATION 
February 26, 2021 
Taiwan 
299,000 Servicing of AI computing 
ASKEY COMPUTER CORP. 
November 10, 1989 Taiwan 
4,800,000 
Designing, manufacturing, repairing and selling of 
communication products and computer peripheral spare 
parts 
ASKEY INTERNATIONAL CORP. 
June 28, 1996 
USA 
276,800 Selling and servicing about communication products 
DYNALINK INTERNATIONAL CORP. 
October 1, 1996 
British Virgin Islands 
225,874 Investing in communication business 
MAGIC INTERNATIONAL CO., LTD. 
May 13, 1999 
British Virgin Islands 
3,181,595 Investing in communication business 
ASKEY DIGITAL TECHNOLOGY CORP. 
Jun 25, 2019 
Taiwan 
30,000 Selling and servicing of communication products 
WONDALINK INC. 
Mar 18, 2010 
Taiwan 
92,422 Manufacturing and designing of wired and wireless 
communication, electronic parts products, etc. 
ASKEY (VIETNAM) COMPANY LIMITED 
November 1, 1996 Vietnam 
158,732 Manufacturing and selling of communication products 
WISE ACCESS (HK) LIMITED 
September 21, 2011 Honk Kong 
37,410 Investing in communication business

168
 
NAME OF CORPORATION 
DATE OF 
ESTABLISHMENT 
ADDRESS 
CAPITAL 
MAJOR BUSINESS SCOPE 
MAGICOM INTERNATIONAL CORP. 
June 23, 1999 
Cayman Islands 
2,519,710 Investing in communication business 
ASKEY COMMUNICATION GMBH 
April 11, 2013 
Germany 
3,132 Selling and servicing of communication products 
ASKEY CORPORATION (THAILAND) CO., LTD. 
June 21, 2017 
Thailand 
1,672 Selling and servicing of communication products 
ASKEYUK CO. LIMITED 
July 15, 2021 
U.K. 
37,299 Selling and servicing of communication products 
ASKEY JAPAN CO., LTD. 
March 19, 2018 
Japan 
1,204 Selling and servicing of communication products 
ASKEY DO BRASIL TECNOLOGIA LTDA. 
April 20, 2016 
Brasil 
18,148 Selling and servicing of communication products 
SILIGENCE SAS 
July 19, 2011 
France 
150,902 Selling and servicing of communication products 
YANG XU ELECTRONIC TECHNOLOGY 
(SHANGHAI) LTD. 
July 1, 2003 
China 
83,040 Researching, developing and selling of communication 
products 
ASKEY TECHNOLOGY (JIANGSU) LTD. 
August 30, 2001 
China 
2,491,200 Manufacturing and selling of communication products 
ASUS CLOUD CORPORATION 
March 24, 2000 
Taiwan 
250,000 Selling and consulting of internet service 
ASUS CLOUD SINGAPORE PTE. LTD. 
December 14, 2012 Singapore 
22,241 Investing in internet service business 
ASUS CLOUD (LUXEMBOURG) S.A R.L 
December 3, 2013 
Luxembourg 
12,528 Providing maintenance and operating service for 
information hardware 
ASUS LIFE CORPORATION 
September 9, 2016 Taiwan 
10,000 Selling of internet information service 
SHINEWAVE INTERNATIONAL INC. 
August 6, 1997 
Taiwan 
107,250 Researching, developing, selling and consulting of 
information system software 
EMES (SUZHOU) CO., LTD. 
March 22, 2002 
China 
10,153 Selling and consulting of information system software 
INTERNATIONAL UNITED TECHNOLOGY CO., 
LTD. 
June 16, 1998 
Taiwan 
163,515 
Researching, developing, manufacturing and selling of 
ink-jet print heads and ink-jet digital image output 
technology 
AAEON TECHNOLOGY INC. 
December 1, 2010 
Taiwan 
1,486,185 Manufacturing and selling of industrial computers and 
computer peripherals 
AAEON ELECTRONICS, INC. 
June 6, 1995 
USA 
135,632 Selling of industrial computers and computer peripherals 
AAEON TECHNOLOGY CO., LTD. 
September 11, 2001 British Virgin Islands 
243,780 Investing in industrial computers and interface cards 
business 
AAEON TECHNOLOGY (EUROPE) B. V. 
March 4, 2005 
Netherlands 
3,132 Selling of industrial computers and computer peripherals 
AAEON INVESTMENT CO., LTD. 
June 6, 2009 
Taiwan 
150,000 Investing in industrial computers and computer 
peripherals business 
AAEON TECHNOLOGY SINGAPORE PTE. LTD. 
March 30, 2004 
Singapore 
11,936 Selling of industrial computers and computer peripherals 
AAEON TECHNOLOGY GMBH 
October 23, 2007 
Germany 
940 Selling of industrial computers and computer peripherals

169
 
NAME OF CORPORATION 
DATE OF 
ESTABLISHMENT 
ADDRESS 
CAPITAL 
MAJOR BUSINESS SCOPE 
AAEON TECHNOLOGY (SUZHOU) INC. 
November 1, 2001 China 
240,547 Manufacturing and selling industrial computers and 
interface cards 
ONYX HEALTHCARE INC. 
February 2, 2010 
Taiwan 
302,612 Designing, manufacturing and selling of medical 
computers 
ONYX HEALTHCARE USA, INC. 
October 27, 2011 
USA 
55,360 Selling of medical computers and peripherals 
ONYX HEALTHCARE EUROPE B.V. 
May 16, 2012 
Netherlands 
3,132 Marketing support and repairing of medical computers 
and peripherals 
IHELPER INC. 
February 26, 2018 
Taiwan 
36,000 Researching, developing and selling of medical robots 
ONYX HEALTHCARE (SHANGHAI) LTD. 
September 15, 2014 China 
63,896 Selling of medical computers and peripherals 
CHANNEL PILOT LIMITED 
March 30, 2005 
British Virgin Islands 
831,313 Investing in 3C business 
ASUS TECHNOLOGY PTE. LIMITED 
April 26, 2005 
Singapore 
1,229,530 Investing in 3C business 
ASUS MIDDLE EAST FZCO 
October 22, 2007 
United Arab Emirates 
80,649 Providing support and repair for 3C products in Middle 
East 
ASUS EGYPT L. L. C. 
September 11, 2008 Egypt 
1 Providing support for 3C products in Egypt 
PT. ASUS SERVICE INDONESIA 
May 21, 2013 
Indonesia 
28,131 Repairing of 3C products in Asia-pacific and America 
ASUS (THAILAND) CO., LTD. 
January 6, 2016 
Thailand 
13,375 Providing support for 3C products in Thailand 
ASUS SERVICE (THAILAND) CO., LTD. 
February 23, 2005 
Thailand 
5,016 Repairing of 3C products in Thailand 
ASUS COMPUTER GMBH 
June 19. 1991 
Germany 
8,007 Selling and providing support for 3C products in 
Germany 
ASUS FRANCE SARL 
July 12, 2002 
France 
3,320 Providing support for 3C products in France 
ASUSTEK (UK) LIMITED 
April 3, 2006 
UK 
1,865 Providing support for 3C products in United Kingdom 
ASUS TECHNOLOGY (HONG KONG) LIMITED 
November 25, 2005 Hong Kong 
1,774 Providing support and repair for 3C products in Hong 
Kong 
ASUS KOREA CO., LTD. 
July 1, 2006 
South Korea 
18,463 Providing support and repair for 3C products in South 
Korea 
ASUS TECHNOLOGY PRIVATE LIMITED 
September 13, 2006 India 
74,681 Providing support and repair for 3C products in India 
ASUS EUROPE B. V. 
March 6, 2007 
Netherlands 
274,832 Selling of 3C products 
ASUS TECHNOLOGY (VIETNAM) CO., LTD. 
March 1, 2007 
Vietnam 
1,572 Providing support and repair for 3C products in Vietnam 
ASUS SPAIN, S.L.U. 
May 19, 2004 
Spain 
940 Providing support for 3C products in Spain 
ASUS JAPAN INCORPORATION 
May 28, 2008 
Japan 
49,367 Selling of 3C products in Japan

170
 
NAME OF CORPORATION 
DATE OF 
ESTABLISHMENT 
ADDRESS 
CAPITAL 
MAJOR BUSINESS SCOPE 
ASUS SERVICE AUSTRALIA PTY LIMITED 
February 10, 2011 
Australia 
19,075 Repairing of 3C products in Australia 
ASUS AUSTRALIA PTY LIMITED 
January 5, 2011 
Australia 
7,028 Providing support for 3C products in Australia 
ASUS ISRAEL (TECHNOLOGY) LTD. 
March 12, 2012 
Israel 
361 Providing support for 3C products in Israel 
ASUS COMPUTER COLOMBIA S. A. S. 
February 19, 2015 
Columbia 
511 Providing support for 3C products in Colombia 
ASUSTEK COMPUTERS (PTY) LIMITED 
August 31, 2004 
South Africa 
2 Providing support and repair for 3C products in Africa 
ASUSTEK COMPUTER MALAYSIA SDN. BHD. 
May 13, 2005 
Malaysia 
3,315 Providing support and repair for 3C products in Malaysia 
ASUS CHILE SPA 
January 24, 2018 
Chile 
33 Providing support for 3C products in Chile 
ASUS PERU S. A. C. 
April 25, 2013 
Peru 
29,290 Providing support for 3C products in Peru 
ASUS HOLDING MEXICO, S. A. DE C. V. 
March 27, 2013 
Mexico 
69,086 Selling of 3C products in Mexico 
ACBZ IMPORTACAO E COMERCIO LTDA. 
January 5, 2011 
Brazil 
2,695,088 Selling of 3C products in Brazil 
ASUS INDIA PRIVATE LIMITED 
July 5, 2011 
India 
124,256 Selling of 3C products in India 
ASUS HUNGARY SERVICES LIMITED LIABILITY 
COMPANY 
May 10, 2007 
Hungary 
1,061 Providing support for 3C products in Hungary 
ASUS PORTUGAL, SOCIEDADE UNIPESSOAL LDA. 
May 21, 2008 
Portugal 
940 Providing support for 3C products in Portugal 
ASUS SWITZERLAND GMBH 
May 10, 2009 
Switzerland 
10,259 Providing support for 3C products in Switzerland 
ASUS NORDIC AB 
July 10, 2004 
Sweden 
921 Providing support for 3C products in North Europe 
ASUS BILGISAYAR SISTEMLERI TICARET 
LIMITED SIRKETI 
December 30, 2018 Turkey 
106,735 Providing support and repair for 3C products in Turkey 
ASUS TEKNOLOJI SERVISLERI TICARET LIMITED 
SIRKETI 
July 23, 2018 
Turkey 
184 Repairing of 3C products in Turkey 
ASUS POLSKA SP. Z O.O. 
July 31, 2005 
Poland 
341 Providing support for 3C products in Poland 
ASUSTEK ITALY S. R. L. 
July 21, 2000 
Italy 
1,503 Providing support for 3C products in Italy 
ASUS COMPUTER CZECH REPUBLIC S. R. O. 
October 31, 2005 
Czech Republic 
252 Providing support for 3C products in Czech Republic 
ASUS CZECH SERVICE S. R. O. 
February 15, 2010 
Czech Republic 
6,778 Repairing of 3C products in Europe 
ASUS PHILIPPINES CORPORATION 
Feb 12, 2019 
Philippines 
5,738 Providing support and repair for 3C products in 
Philippines 
QC SERVER AB 
Jul 4, 2019 
Sweden 
153 Servicing of information technology 
ASUS PROPERTIES (VIETNAM) LTD. 
Mar 10, 2020 
Vietnam 
418,922 Leasing and trading real estate 
LIABILITY LIMITED COMPANY A25 
Sep 18, 2018 
Russia 
4 Selling of 3C products in Russia 
ASUS UKRAINE LIMITED LIABILITY COMPANY 
June 29, 2021 
Ukraine 
9,739 Providing support for 3C products in Ukraine

171
 
NAME OF CORPORATION 
DATE OF 
ESTABLISHMENT 
ADDRESS 
CAPITAL 
MAJOR BUSINESS SCOPE 
ASUSTEK COMPUTER (SHANGHAI) CO., LTD. 
June 9, 2000 
China 
1,331,408 Selling of 3C products in China 
ASUS COMPUTER (SHANGHAI) CO., LTD. 
June 30, 2000 
China 
55,360 Repairing of 3C products 
ASUS TECHNOLOGY (SUZHOU) CO., LTD. 
March 12, 2008 
China 
1,356,320 Researching and developing of 3C products 
ASUSTEK COMPUTER (CHONGQING) CO., LTD. 
May 9, 2011 
China 
1,909,920 Selling of 3C products in China 
ASUS INVESTMENTS (SUZHOU) CO., LTD. 
December 6, 2013 
China 
716,886 Leasing real estate 
Note: The paid-in capital involved foreign currency was exchanged under foreign exchange rate at the end of the financial reporting period.

172
 
(5) Directors, Supervisors and Presidents of Affiliated Enterprises 
                                As of Dec 31, 2021 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
ASUS TECHNOLOGY INC. 
Chairman &  
General Manager 
Director 
 
Director & President 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Kevin Lin） 
ASUSTEK COMPUTER INC. 
（Representative: Jonney Shih） 
ASUSTEK COMPUTER INC. 
（Representative: Samson Hu） 
ASUSTEK COMPUTER INC. 
（Representative: Sandy Wei） 
19,000,000 
 
－ 
 
－ 
 
－ 
100.00% 
 
－ 
 
－ 
 
－ 
ASKEY COMPUTER CORP 
Chairman & 
General Manager 
Director 
 
Director & President 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Lin, Cheng-Kuei） 
ASUSTEK COMPUTER INC. 
（Representative: Jonney Shih） 
ASUSTEK COMPUTER INC. 
（Representative: Samson Hu） 
ASUSTEK COMPUTER INC. 
（Representative: Chin Wu） 
480,000,000 
 
－ 
 
－ 
 
－ 
100.00% 
 
－ 
 
－ 
 
－ 
HUA-CHENG VENTURE 
CAPITAL CORP. 
Chairman 
 
Director 
 
Director 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Jonney Shih） 
ASUSTEK COMPUTER INC. 
（Representative: Jonathan Tsang） 
ASUSTEK COMPUTER INC. 
（Representative: S.Y. Hsu） 
ASUSTEK COMPUTER INC. 
（Representative: Nick Wu） 
114,500,000 
 
－ 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
－ 
HUA-MIN INVESTMENT 
CO., LTD. 
Chairman 
 
Director 
 
Director 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Jonney Shih） 
ASUSTEK COMPUTER INC. 
（Representative: Jonathan Tsang） 
ASUSTEK COMPUTER INC. 
（Representative: Samson Hu） 
ASUSTEK COMPUTER INC. 
（Representative: Nick Wu） 
68,000,000 
 
－ 
 
－ 
 
－ 
100.00% 
 
－ 
 
－ 
 
－ 
UNIMAX ELECTRONICS INC. 
Chairman & 
General Manager 
Director 
 
Director 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Kent Chien） 
ASUSTEK COMPUTER INC. 
（Representative: Wu, Chih-Peng） 
ASUSTEK COMPUTER INC. 
（Representative: Jonathan Tsang） 
ASUSTEK COMPUTER INC. 
（Representative: Charlene Hsu） 
21,300,000 
 
－ 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
－ 
 
JOTECH LTD. 
Chairman 
HUA-MIN INVESTMENT CO., LTD. 
（Representative: Samson Hu） 
3,000,000 100.00% 
TAIWAN WEB SERVICE CORP. 
Chairman 
 
Director 
 
Director & 
General Manager 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Joe Hsieh） 
ASUSTEK COMPUTER INC. 
（Representative: Samson Hu） 
ASUSTEK COMPUTER INC. 
（Representative: Peter Wu） 
ASUSTEK COMPUTER INC. 
（Representative: Nick Wu） 
29,900,000 
 
－ 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
－ 
 
ASUS CLOUD CORPORATION 
Chairman 
 
ASUSTEK COMPUTER INC. 
（Representative: Joe Hsieh） 
23,645,558 
 
94.58%

173
 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
Director 
 
Director & 
General Manager 
Supervisor 
ASUSTEK COMPUTER INC. 
（Representative: Samson Hu） 
Peter_Wu 
 
Alan Hsieh 
－ 
 
170,159 
 
－ 
－ 
 
0.68% 
 
－ 
ASMEDIA TECHNOLOGY INC. 
Chairman 
 
Director 
 
Director & 
General Manager 
Director 
Independent director 
Independent director 
Independent director 
ASUSTEK COMPUTER INC. 
（Representative: Jerry Shen） 
ASUSTEK COMPUTER INC. 
（Representative: Ted Hsu） 
ASUSTEK COMPUTER INC. 
（Representative: Chewei Lin） 
Hsu, Chin-Chuan* 
Chan, Hung-Chih* 
Hsieh, Chieh- Ping* 
Wu, Ching-Chi* 
24,457,660 
－ 
－ 
 
－ 
 
－ 
－ 
－ 
－ 
35.40% 
－ 
－ 
 
－ 
－ 
－ 
－ 
－ 
－ 
AAEON TECHNOLOGY INC. 
Chairman 
 
Director 
 
Director 
 
Director 
 
Director 
 
Director 
 
Director 
 
Director 
 
Independent Director 
Independent Director 
Independent Director 
General Manager 
RUI HAI INVESTMENT CO., LTD. 
（Representative: Chuang, Yung-Shun） 
RUI HAI INVESTMENT CO., LTD. 
（Representative: Lee, Ing-Jen） 
RUI HAI INVESTMENT CO., LTD. 
（Representative: David Yen） 
ASUSTEK COMPUTER INC. 
（Representative: Jonney Shih） 
ASUSTEK COMPUTER INC. 
（Representative: Jonathan Tsang） 
ASUSTEK COMPUTER INC. 
（Representative: S.Y. Hsu） 
IBASE Technology Inc. 
（Representative: Lin, Chiu-Hsu） 
IBASE Technology Inc. 
（Representative: Chen, Yu-Nan） 
Kun-Chih, Chen 
Daho Yen 
Chris Kao 
Howard Lin 
4,515,000 
 
－ 
 
－ 
 
43,756,000 
 
－ 
 
－ 
 
41,698,468 
 
－ 
 
－ 
－ 
－ 
365,000 
3.04% 
 
－ 
 
－ 
 
29.44% 
 
－ 
 
－ 
 
28.06% 
 
－ 
 
－ 
－ 
－ 
0.25% 
INTERNATIONAL UNITED 
TECHNOLOGY CO., LTD. 
Chairman 
 
Director & 
General Manager 
Director 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Jerry Shen） 
ASUSTEK COMPUTER INC. 
（Representative: Daniel Lan） 
HUA ENG WIRE & CABLE CO. LTD.  
（Representative: Wu, Chia-Yu*） 
HUA-CHENG VENTURE CAPITAL CORP. 
（Representative: Charlene Hsu） 
11,323,167 
－ 
987,354 
 
515 
69.25% 
－ 
6.04% 
 
0.00% 
SHINEWAVE INTERNATIONAL 
INC. 
Chairman 
 
Director 
 
Director & 
General Manager 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Albert Chang） 
ASUSTEK COMPUTER INC. 
（Representative: Jonney Shih） 
ASUSTEK COMPUTER INC. 
（Representative: Yu, Chun-Hua*） 
HUA-CHENG VENTURE CAPITAL CORP. 
（Representative: Chin Wu） 
5,468,750 
 
－ 
 
－ 
 
1,000 
 
50.99% 
 
－ 
 
－ 
 
0.01% 
 
ASUS COMPUTER 
INTERNATIONAL 
Director 
 
Director 
ASUSTEK COMPUTER INC. 
（Representative: S.Y. Hsu） 
ASUSTEK COMPUTER INC. 
50,000 
 
－ 
100.00% 
 
－

174
 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
 
Director 
 
General Manager 
（Representative: Samson Hu） 
ASUSTEK COMPUTER INC. 
（Representative: Joe Hsieh） 
Chang, Kao-Sheng 
 
－ 
 
－ 
 
－ 
 
－ 
ASUS HOLLAND B.V. 
Director 
 
Director 
 
ASUSTEK COMPUTER INC. 
（Representative: Chen, Hsin-Yi） 
ASUSTEK COMPUTER INC. 
（Representative: Cheng, Chi-Chien） 
10,800,000 
 
－ 
 
100.00% 
 
－ 
 
ASUS INTERNATIONAL 
LIMITED 
Chairman 
ASUSTEK COMPUTER INC. 
（Representative: Jonney Shih） 
89,730,042 100.00% 
ASUS GLOBAL PTE. LTD. 
Chairman 
 
Director 
 
Director 
 
ASUSTEK COMPUTER INC. 
（Representative: Jonathan Tsang） 
ASUSTEK COMPUTER INC. 
（Representative: Chu,Ming-Wen） 
ASUSTEK COMPUTER INC. 
（Representative: Song, Lai-Chi） 
28,000,000 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
QUANTUM CLOUD 
INTERNATIONAL PTE. LTD. 
Chairman 
ASUSTEK COMPUTER INC. 
（Representative: Wu, Chih-Peng） 
830,001 100.00% 
PT.ASUS TECHOLOGY 
INDONESIA JAKARTA 
Director 
 
Director 
 
Director 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Lin, Wei-Ting） 
ASUSTEK COMPUTER INC. 
（Representative: Chang, Chi-Chun） 
ASUSTEK COMPUTER INC. 
（Representative: Wu, Ping-Yu） 
ASUSTEK COMPUTER INC. 
（Representative: Chu, Ming-Wen） 
8,415 
 
－ 
 
－ 
 
－ 
 
99.00% 
 
－ 
 
－ 
 
－ 
 
PT.ASUS TECHOLOGY 
INDONESIA BATAM 
Director 
 
Director 
 
Director 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Lin, Wei-Ting） 
ASUSTEK COMPUTER INC. 
（Representative: Chang, Chi-Chun） 
ASUSTEK COMPUTER INC. 
（Representative: Wu, Ping-Yu） 
ASUSTEK COMPUTER INC. 
（Representative: Chu, Ming-Wen） 
4,168,989 
 
－ 
 
－ 
 
－ 
 
99.00% 
 
－ 
 
－ 
 
－ 
 
JINSHUO CULTURAL 
DIFFUSION CO., LTD. 
Executive Director 
 
Supervisor 
 
ASUSTEK COMPUTER INC. 
（Representative: Rangoon Chang） 
ASUSTEK COMPUTER INC. 
（Representative: Bruce Jen） 
－ 
 
－ 
 
100.00% 
 
－ 
 
CHANNEL PILOT LIMITED 
Chairman 
ASUS INTERNATIONAL LIMITED 
（Representative: Jonney Shih） 
30,033,000 100.00% 
ASUS TECHNOLOGY PTE. 
LIMITED 
Chairman 
 
Director 
 
Director 
 
CHANNEL PILOT LIMITED  
（Representative: Jonathan Tsang） 
CHANNEL PILOT LIMITED 
（Representative: Chu, Ming-Wen） 
CHANNEL PILOT LIMITED 
（Representative: Song, Lai-Chi） 
44,419,424 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
ASUS EGYPT L.L.C. 
Director 
 
Director 
 
CHANNEL PILOT LIMITED 
（Representative: Chiu, Yu-Sheng） 
ASUS TECHNOLOGY PTE. LIMITED 
（Representative: Chiu, Yu-Sheng） 
－ 
 
－ 
 
50.00% 
 
50.00% 
 
ASUS MIDDLE EAST FZCO 
Chairman 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chiu, Yu-Sheng） 
CHANNEL PILOT LIMITED 
（Representative: Chiu, Yu-Sheng） 
106 
 
1 
 
99.07% 
 
0.93%

175
 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
ASUS COMPUTER (SHANGHAI) 
CO., LTD. 
Chairman 
 
Supervisor 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chen, Hsin-Yi） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Wang, Hsiang-Huei） 
－ 
 
－ 
 
100.00% 
 
－ 
 
ASUS TECHNOLOGY 
 (HONG KONG) LIMITED 
Chairman 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chung, Wei Gang） 
500,000 100.00% 
ASUS TECHNOLOGY 
(SUZHOU) CO., LTD. 
Chairman 
 
Director 
 
Director 
 
Supervisor 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Andrew Ke） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Shih, Wen-Hung） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Joe Hsieh） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Wang, Hsiang-Huei）
－ 
 
－ 
 
－ 
 
－ 
100.00% 
 
－ 
 
－ 
 
－ 
 
ASUSTEK COMPUTER 
(SHANGHAI) CO. LTD. 
Executive Director 
 
Supervisor 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Shih, Wen-Hung） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Wang, Hsiang-Huei） 
－ 
 
－ 
 
100.00% 
 
－ 
 
ASUSTEK COMPUTER 
(CHONGQING) CO., LTD. 
Executive Director 
 
Supervisor 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Andrew Ke） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Wang, Hsiang-Huei） 
－ 
 
－ 
 
100.00% 
 
－ 
 
ASUS INVESTMENTS (SUZHOU) 
CO., LTD. 
Executive Director 
 
Supervisor 
 
ASUS TECHNOLOGY (SUZHOU) CO., LTD. 
（Representative：Andrew Ke） 
ASUS TECHNOLOGY (SUZHOU) CO., LTD. 
（Representative: Wang, Hsiang-Huei） 
－ 
 
－ 
 
100.00% 
 
－ 
 
ASUS COMPUTER GMBH 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chen, Li-Hsaing） 
－ 100.00% 
ASUS FRANCE SARL 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Mustapha Nhari） 
5,300 100.00% 
ASUSTEK (UK) LIMITED 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Jonathan Parmar） 
50,000 100.00% 
ASUS KOREA CO., LTD. 
Chairman 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Fu, Szu-Wei） 
158,433 100.00% 
ASUS POLSKA SP. Z O. O. 
Director 
ASUS EUROPE B.V. 
（Representative: Slawomir Stanik） 
1,000 100.00% 
ASUS TECHNOLOGY PRIVATE 
LIMITED 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Hwang, Sy-Ru） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Yu, Chien-Liang） 
20,134,400 
 
－ 
 
100.00% 
 
－ 
 
ASUS EUROPE B. V. 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Li,Yu-Lin） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Ou, Chang-Chu） 
375,000 
 
－ 
100.00% 
 
－ 
ASUS TECHNOLOGY 
(VIETNAM) CO., LTD. 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Lee, Tse-Tai） 
－ 100.00% 
ASUSTEK ITALY S. R. L. 
Director 
ASUS EUROPE B.V. 
（Representative: Chang, Kao-Sheng） 
－ 100.00% 
ASUS SPAIN, S.L.U. 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: German Guerra） 
3,000 100.00% 
ASUS JAPAN INCORPORATION 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chen, Chin-Ho） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Fu, Szu-Wei） 
20,500 
 
－ 
 
100.00% 
 
－

176
 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
ASUS COMPUTER CZECH 
REPUBLIC S. R. O. 
Director 
ASUS EUROPE B.V. 
（Representative: Yuriy Sandratskiy） 
－ 100.00% 
ASUS CZECH SERVICE S. R. O. 
Director 
Director 
ASUS EUROPE B.V.（Representative: Chen, Chien-Yuan） 
ASUS EUROPE B.V.（Representative: Cheng,Chi-Chien） 
－ 
－ 
99.59% 
0.41% 
ASUS SERVICE AUSTRALIA 
PTY LIMITED 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chen, Hsin-Yi） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Tsai, Hsiao-Ming） 
950,000 
 
－ 
 
100.00% 
 
－ 
 
ASUS AUSTRALIA PTY LIMITED 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Jackie Hsu） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Tsai, Hsiao-Ming） 
350,000 
 
－ 
 
100.00% 
 
－ 
 
ASUS INDIA PRIVATE LIMITED 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Yu, Chien-Liang） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Hwang, Sy-Ru） 
33,500,000 
 
－ 
 
100.00% 
 
－ 
 
ASUS ISRAEL (TECHNOLOGY) 
LTD 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chiu, Yu-Sheng） 
50,000 100.00% 
PT. ASUS SERVICE INDONESIA 
Chairman 
 
Director 
 
Director 
 
Supervisor 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chen, Hsin-Yi） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Hung, Tsung-Fu） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Zhao, DongLiang） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Hsu, Tse-Ming） 
1,485,000 
 
－ 
 
－ 
 
－ 
 
99.00% 
 
－ 
 
－ 
 
－ 
 
ACBZ IMPORTACAO E 
COMERCIO LTDA. 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Wu, Ming-Tau） 
ASUS EUROPE B.V. 
（Representative: Wu, Ming-Tau） 
549,442,769 
 
26,231 
 
100.00% 
 
0.00% 
 
ASUS PERU S. A. C. 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Edwin Gutierrez） 
ASUS EUROPE B.V. 
 (Representative: Edwin Gutierrez） 
4,153,783 
 
41,957 
 
99.00% 
 
1.00% 
 
ASUS HOLDING MEXICO, S. A. 
DE C. V. 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chang, Kao-Sheng） 
ASUS EUROPE B.V. 
（Representative: Chang, Kao-Sheng） 
50,608 
 
512 
 
99.00% 
 
1.00% 
 
ASUS COMPUTER 
COLOMBIA S. A. S. 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Jeremin Hsieh） 
74,489 100.00% 
ASUS HUNGARY SERVICES 
LIMITED LIABILITY COMPANY Director 
ASUS EUROPE B.V. 
（Representative: Zoltan Gyongyosi） 
－ 100.00% 
ASUS PORTUGAL, SOCIEDADE 
UNIPESSOAL LDA 
Director 
ASUS EUROPE B.V. 
（Representative: Helder Basto） 
30,000 100.00% 
ASUS SWITZERLAND GMBH 
Director 
ASUS EUROPE B.V. 
（Representative: Hung, Wen-Chi） 
3,400 100.00% 
ASUS NORDIC AB 
Director 
 
Director 
 
ASUS EUROPE B.V. 
（Representative: Chen, Li-Hsaing） 
ASUS EUROPE B.V. 
（Representative: Chang, Kao-Sheng） 
3,000 
 
－ 
 
100.00% 
 
－ 
 
ASUS (THAILAND) CO., LTD. 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Tseng, Kuan-Jen） 
20,000 100.00% 
ASUSTEK COMPUTERS (PTY) 
LIMITED 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chiu, Yu-Sheng） 
1,000 100.00%

177
 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
ASUSTEK COMPUTER 
MALAYSIA SDN. BHD. 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Lie, Yee-Sann） 
500,000 100.00% 
ASUS SERVICE (THAILAND) 
CO., LTD. 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Tseng, Kuan-Jen） 
59,984 99.94% 
ASUS CHILE SPA 
Director 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Chang Lin, Cha-Ming） 
1,000 100.00% 
ASUS PHILIPPINES 
CORPORATION 
Director 
Director 
Director 
Director 
Director 
General Manager 
ASUS TECHNOLOGY PTE. LIMITED 
Lin, Yu-Ying 
Tang, Hsueh-Ling 
Chen, Hsin-Yi 
Hsu, Tse-Ming 
Su, Jeng-hong 
1,059,995 
1 
1 
1 
1 
1 
100.00% 
0.00% 
0.00% 
0.00% 
0.00% 
0.00% 
ASUS TEKNOLOJI SERVISLERI 
TICARET LIMITED SIRKETI 
Director 
ASUS EUROPE B.V.（Representative: Ufuk Ozgur） 
3,000 100.00% 
ASUS BILGISAYAR SISTEMLERI 
TICARET LIMITED SIRKETI 
Director 
ASUS EUROPE B.V.（Representative: Li, Yu-Lin） 
2,046 100.00% 
QC SERVER AB 
Director 
Director 
 
ASUS EUROPE B.V.（Representative: Kent Chien） 
ASUS EUROPE B.V. 
（Representative: Chen, Li-Hsaing） 
500 
－ 
 
100.00% 
－ 
 
ASUS PROPERTIES (VIETNAM) 
LTD. 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Lee, Tsei-Tai） 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Nick Wu） 
－ 
 
－ 
 
100.00% 
 
－ 
 
LIMITED LIABILITY COMPANY 
A25 
Director 
 
Director 
 
ASUS TECHNOLOGY PTE LIMITED 
（Representative: Nikolay Osipov） 
ASUS EUROPE B.V.  
（Representative: Nikolay Osipov） 
－ 
 
－ 
 
70.00% 
 
30.00% 
 
ASUS UKRAINE LIMITED 
LIABILITY COMPANY 
Director 
ASUS EUROPE B.V. 
（Representative: Michael Lukashevich） 
－ 100.00% 
eMES (SHUZHOU) CO., LTD. 
Chairman 
 
Director 
 
Director 
 
Supervisor 
 
SHINEWAVE INTERNATIONAL INC. 
（Representative: Yu, Jiunn-Hwa*） 
SHINEWAVE INTERNATIONAL INC. 
（Representative: Chou, Shih-Chieh *） 
SHINEWAVE INTERNATIONAL INC. 
（Representative: Chang, Chih-Liang*） 
SHINEWAVE INTERNATIONAL INC. 
（Representative: Chin Wu） 
－ 
 
－ 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
－ 
 
ASUS CLOUD SINGAPORE  
PTE. LTD. 
Chairman 
 
Director 
 
ASUS CLOUD CORPORATION. 
（Representative: Peter Wu） 
ASUS CLOUD CORPORATION 
（Representative: Sung, Lai-Chi*） 
－ 
 
－ 
 
100.00% 
 
－ 
 
ASUS CLOUD (LUXEMBOURG) 
S. A R. L. 
Director 
ASUS CLOUD CORPORATION. 
（Representative: Peter Wu） 
－ 100.00% 
ASUS LIFE CORPORATION 
Chairman 
 
Director 
Director 
 
Director 
 
Director 
 
Supervisor 
Supervisor 
Shangri-La Information Limited* 
（Representative: Janet Huang） 
OmniHealth Group, Inc. 
（Representative: Mingho Huang） 
ASUS CLOUD CORPORATION 
（Representative: Henry Yeh） 
ASUS CLOUD CORPORATION 
（Representative: Joe Hsieh） 
ASUS CLOUD CORPORATION 
（Representative: Wjh Chen） 
Charlene Hsu 
250,000 
 
250,000 
 
500,000 
 
－ 
 
－ 
 
－ 
25.00% 
 
25.00% 
 
50.00% 
 
－ 
 
－ 
 
－

178
 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
Li, Liu* 
－ 
－ 
AAEON ELECTRONICS, INC 
The Chairman of 
BOD 
General Manager 
AAEON TECHNOLOGY INC.  
(Representative: Chuang, Yung-Shun) 
Paul Yang 
490,000 
 
－ 
100.00% 
 
－ 
AAEON TECHNOLOGY CO., 
LTD. 
Chairman &  
General Manager 
AAEON TECHNOLOGY INC. 
 (Representative: Chuang, Yung-Shun) 
8,807,097 100.00% 
AAEON TECHNOLOGY 
(EUROPE) B. V. 
Chairman 
AAEON TECHNOLOGY INC. 
(Representative: Chuang, Yung-Shun) 
－ 100.00% 
AAEON TECHNOLOGY GMBH 
Director 
 
Director 
 
AAEON TECHNOLOGY (EUROPE) B.V. 
(Representative: Chuang, Yung-Shun) 
AAEON TECHNOLOGY (EUROPE) B.V. 
(Representative: Li-Kai LAI) 
－ 
 
－ 
 
100.00% 
 
－ 
 
AAEON INVESTMENT CO., LTD. Chairman & 
General Manager 
AAEON TECHNOLOGY INC.  
(Representative: Chuang, Yung-Shun)  
15,000,000 100.00% 
ONYX HEALTHCARE INC. 
Chairman 
 
Director 
 
Director & President 
 
Director 
Independent Director 
Independent Director 
Independent Director 
JUI-HAI INVESTMENT CO., LTD. 
(Representative: Chuang, Yung-Shun)  
AAEON TECHNOLOGY INC.  
(Representative: Lin, Chien-Hung) 
AAEON TECHNOLOGY INC. 
 (Representative: Bob Wang) 
Lee, Tsu-Der 
Lee, San-Liang 
James Chiang 
Tai, Yi-Hui 
203,919 
 
15,132,074 
 
－ 
 
－ 
－ 
－ 
－ 
0.67% 
 
50.00% 
 
－ 
 
－ 
－ 
－ 
－ 
AAEON TECHNOLOGY 
SINGAPORE PTE. LTD. 
Director 
AAEON DELELOPMENT INC. 
 (Representative: Chuang, Yung-Shun) 
465,840 100.00% 
AAEON TECHNOLOGY 
(SUZHOU) INC. 
Chairman 
AAEON TECHNOLOGY CO., LTD.  
( (Representative: Chuang, Yung-Shun) 
－ 100.00% 
ONYX HEALTHCARE USA, INC. Chairman 
ONYX HEALTHCARE INC.  
(Representative: Chuang, Yung-Shun) 
200,000 100.00% 
ONYX HEALTHCARE EUROPE 
B. V. 
Chairman 
ONYX HEALTHCARE INC.  
(Representative: Chuang, Yung-Shun) 
100,000 100.00% 
ONYX HEALTHCARE 
(SHANGHAI) LTD. 
Chairman 
 
Director 
 
Director &  
General Manager 
Supervisor  
 
ONYX HEALTHCARE INC.  
(Representative: Chuang, Yung-Shun) 
ONYX HEALTHCARE INC.  
(Representative: Chinlong Hsu) 
ONYX HEALTHCARE INC.  
(Representative: Bob Wang) 
ONYX HEALTHCARE INC.  
(Representative: Juno Tu) 
－ 
 
－ 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
－ 
 
IHELPER INC. 
Chairman 
 
Director 
 
Director 
 
Director &  
General Manager 
Director 
Supervisor 
KINPO ELECTRONICS, INC.  
(Representative: Chen Wei-Chang *) 
KINPO ELECTRONICS, INC.   
(Representative: Hsiao-Ching-Hua *) 
ONYX HEALTHCARE INC.  
(Representative: Chuang, Yung-Shun) 
ONYX HEALTHCARE INC. 
(Representative: Bob Wang) 
Lee, Tsu-Der 
Chueh, Chih-Yun 
1,584,000 
 
－ 
 
1,656,000 
 
－ 
 
－ 
－ 
44.00% 
 
－ 
 
46.00% 
 
－ 
 
－ 
－ 
ASKEY INTERNATIONAL CORP. Director 
ASKEY COMPUTER CORP.  
(Representative: Lin, Cheng-Kuei) 
10,000,000 100.00% 
DYNALINK INTERNATIONAL 
CORP. 
Director 
ASKEY COMPUTER CORP.  
(Representative: Lin, Cheng-Kuei) 
8,160,172 100.00%

179
 
NAME OF CORPORATION 
TITLE 
NAME OF PERPRESENTATIVE (Note) 
SHAREHOLDING 
SHARES 
% 
MAGIC INTERNATIONAL CO., 
LTD. 
Director 
ASKEY COMPUTER CORP.  
(Representative: Lin, Cheng-Kuei) 
114,942,014 100.00% 
ASKEY DIGITAL TECHNOLOGY 
CORP. 
Chairman 
ASKEY COMPUTER CORP.  
(Representative: Kao, Chung- Ming) 
3,000,000 100.00% 
WONDALINK INC. 
Chairman 
 
Director 
 
Director 
 
Supervisor 
 
ASKEY COMPUTER CORP.  
(Representative: Lui, Hon-Man) 
ASKEY COMPUTER CORP.  
(Representative: Chen, Chiu-Hsu) 
ASKEY COMPUTER CORP.  
(Representative: Shen, Te-Chih) 
ASKEY COMPUTER CORP.  
(Representative: Ou, Ta-Tsou) 
9,242,232 
 
－ 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
－ 
 
ASKEY (VIETNAM) COMPANY 
LIMITED 
Director 
DYNALINK INTERNATIONAL CORP. 
(Representative: Lin, Cheng-Kuei) 
2,883,359 100.00% 
WISE ACCESS (HK) LIMITED 
Director 
DYNALINK INTERNATIONAL CORP. 
 (Representative: Lui, Hon-Man) 
1,600,000 100.00% 
ASKEYUK CO. LIMITED 
Director 
ASKEY COMPUTER CORP.  
(Representative: Ou, Ta-Tsou) 
1,000,000 100.00% 
SILIGENCE SAS 
Director 
 
Director 
 
ASKEY COMPUTER CORP. 
(Representative: Ou, Ta-Tsou) 
WISE ACCESS (HK) LIMITED 
(Representative: Ou, Ta-Tsou) 
3,843,090 
 
780,000 
 
79.76% 
 
16.19% 
 
MAGICOM INTERNATIONAL 
CORP. 
Director 
MAGIC INTERNATIONAL CO., LTD. 
 (Representative: Lin, Cheng-Kuei) 
91,030,000 100.00% 
ASKEY COMMUNICATION 
GMBH 
Director 
MAGIC INTERNATIONAL CO., LTD.  
(Representative: Ou, Ta-Tsou) 
100,000 100.00% 
ASKEY DO BRASIL 
TECNOLOGIA LTDA. 
Director 
 
Director 
 
MAGIC INTERNATIONAL CO., LTD.  
(Representative: Kao, Chung- Ming) 
ASKEY COMPUTER CORP. 
 (Representative: Kao, Chung- Ming) 
3,699,630 
 
370 
 
99.99% 
 
0.01% 
 
ASKEY CORPORATION 
(THAILAND) CO., LTD. 
Director 
MAGIC INTERNATIONAL CO., LTD.  
(Representative: Kao, Chung- Ming) 
20,000 100.00% 
ASKEY JAPAN CO.,LTD. 
Director 
MAGIC INTERNATIONAL CO., LTD.  
(Representative: Kao, Chung- Ming) 
500,000 100.00% 
YANG XU ELECTRONIC 
TECHNOLOGY (SHANGHAI) 
LTD. 
Chairman 
 
Supervisor 
 
General Manager 
MAGIC INTERNATIONAL CO., LTD.  
(Representative: Lin, Cheng-Kuei) 
MAGIC INTERNATIONAL CO., LTD.  
(Representative: Chin Wu) 
Lui, Hon-Man 
－ 
 
－ 
 
－ 
100.00% 
 
－ 
 
－ 
ASKEY TECHNOLOGY 
(JIANGSU) LTD. 
Chairman &  
General Manager 
Director 
 
Director 
 
Supervisor 
 
MAGICOM INTERNATIONAL CORP. 
(Representative: Lin, Cheng-Kuei) 
MAGICOM INTERNATIONAL CORP.  
(Representative: Winnie Liu) 
MAGICOM INTERNATIONAL CORP.  
(Representative: Chin Wu) 
MAGICOM INTERNATIONAL CORP.  
(Representative: Leif Huang) 
－ 
 
－ 
 
－ 
 
－ 
 
100.00% 
 
－ 
 
－ 
 
－ 
 
Note 1: The list of directors and general managers of this form is as of March 31, 2021. 
Note 2: (*) Standards for the English transliteration of company’s name or individual’s name.

180
 
2. Summarized Operation Results of Affiliated Enterprises 
In thousand NTD / As of Dec 31, 2021 
NAME OF CORPORATION 
CAPITAL 
TOTAL A 
SSETS 
TOTAL 
LIABILITIES 
NET 
WORTH 
NET 
OPERATING 
REVENUES 
OPERATING 
INCOME 
(LOSS) 
NET 
INCOME 
(LOSS) 
EARNING 
(LOSS) 
PER 
SHARE(NTD) 
ASUS COMPUTER 
INTERNATIONAL 
13,840 
54,233,288 
51,305,004 
2,928,284 
94,215,952 
2,278,257 
1,650,091 
- 
ASUS TECHNOLOGY INC. 
190,000 
7,076,884 
6,313,664 
763,220 
24,150,832 
638,966 
520,353 
 27.39 
ASUS HOLLAND B. V. 
152,215 
397,740 
72,669 
325,071 
330,986 
15,761 
12,595 
      -  
ASUS INTERNATIONAL LIMITED 
2,483,728 
37,357,818 
1,149 
37,356,669 
- 
(1,349) 
2,597,679 
- 
HUA-CHENG VENTURE 
CAPITAL CORP. 
1,145,000 
3,120,726 
43,104 
3,077,622 
- 
(168) 
376,646 
 3.29 
HUA-MIN INVESTMENT CO., 
LTD. 
680,000 
1,676,490 
18,569 
1,657,921 
- 
(167) 
186,378 
 2.74 
JOGEEK TECHNOLOGY IMITED 
30,000 
25,988 
1,160 
24,828 
7,423 
(2,486) 
(2,395) 
(0.80) 
ASMEDIA TECHNOLOGY INC 
692,181 
17,934,809 
1,652,192 
16,282,617 
6,009,012 
1,937,712 
3,193,148 
 46.23 
ASUS GLOBAL PTE. LTD. 
775,040 199,289,177 
142,759,051 
56,530,126 
468,237,668 
18,649,532 
17,629,540 
      - 
QUANTUM CLOUD 
INTERNATIONAL PTE. LTD. 
22,974 
55,656 
12,414 
43,242 
39,470 
38,596 
32,640 
- 
PT. ASUS TECHNOLOGY 
INDONESIA JAKARTA 
218,996 
6,484,278 
6,243,261 
241,017 
13,050,535 
296,994 
(179,590) 
- 
PT. ASUS TECHNOLOGY 
INDONESIA BATAM 
979,698 
313,880 
207,642 
106,238 
383,083 
11,450 
(55,323) 
- 
JINSHUO CULTURAL 
DIFFUSION CO., LTD. 
642,196 
742,763 
431,728 
311,035 
124,245 
(101,304) 
(97,435) 
      Note 
UNIMAX ELECTRONICS INC. 
213,000 
322,662 
76,892 
245,770 
854,794 
174,067 
152,242 
 7.15 
TAIWAN WEB SERVICE 
CORPORATION 
299,000 
583,628 
431,386 
152,242 
30,894 
(144,247) 
(146,758) 
(4.91)

181
 
NAME OF CORPORATION 
CAPITAL 
TOTAL A 
SSETS 
TOTAL 
LIABILITIES 
NET 
WORTH 
NET 
OPERATING 
REVENUES 
OPERATING 
INCOME 
(LOSS) 
NET 
INCOME 
(LOSS) 
EARNING 
(LOSS) 
PER 
SHARE(NTD) 
ASKEY COMPUTER CORP. 
4,800,000 
17,323,878 
16,598,318 
725,560 
23,470,694 
(1,769,722) 
(1,732,472) 
(3.61) 
ASKEY INTERNATIONAL CORP. 
276,800 
2,685,748 
2,662,921 
22,827 
5,822,478 
52,612 
42,198 
 - 
DYNALINK INTERNATIONAL 
CORP. 
225,874 
74,095 
- 
74,095 
- 
(126) 
59 
 - 
MAGIC INTERNATIONAL CO., 
LTD. 
3,181,595 
3,158,086 
20 
3,158,066 
- 
(136) 
56,376 
 - 
ASKEY DIGITAL TECHNOLOGY 
CORP. 
30,000 
30,100 
- 
30,100 
- 
(48) 
35 
 0.01 
WONDALINK INC. 
92,422 
50,142 
1,215 
48,927 
1,471 
20,603 
20,334 
 2.20 
ASKEY (VIETNAM) COMPANY 
LIMITED 
158,732 
120,549 
50,113 
70,436 
         - 
          - 
- 
      - 
WISE ACCESS (HK) LIMITED 
37,410 
12,193 
- 
12,193 
- 
- 
148 
Note 
MAGICOM INTERNATIONAL 
CORP. 
2,519,710 
3,205,821 
- 
3,205,821 
- 
(320) 
21,486 
 - 
ASKEY COMMUNICATION 
GMBH 
3,132 
9,515 
7,604 
1,911 
885 
(1,182) 
(1,182) 
 - 
ASKEY CORPORATION 
(THAILAND) CO.,LTD. 
1,672 
4,761 
3,668 
1,093 
2,950 
1,890 
1,629 
      - 
ASKEYUK CO. LIMITED 
37,299 
35,081 
2,908 
32,173 
8,318 
(5,236) 
(5,236) 
 - 
ASKEY JAPAN CO.,LTD. 
1,204 
5,955 
8,231 
(2,276) 
4,745 
692 
1,641 
 - 
ASKEY DO BRASIL 
TECNOLOGIA LTDA. 
18,148 
5,838 
271 
5,567 
4,352 
156 
158 
      - 
SILIGENCE SAS 
150,902 
174,861 
99,723 
75,138 
310,336 
653 
914 
 - 
YANG XU ELECTRONIC 
TECHNOLOGY (SHANGHAI) 
LTD. 
83,040 
100,393 
103,578 
(3,185) 
228,960 
(673) 
(1,783) 
     Note

182
 
NAME OF CORPORATION 
CAPITAL 
TOTAL A 
SSETS 
TOTAL 
LIABILITIES 
NET 
WORTH 
NET 
OPERATING 
REVENUES 
OPERATING 
INCOME 
(LOSS) 
NET 
INCOME 
(LOSS) 
EARNING 
(LOSS) 
PER 
SHARE(NTD) 
ASKEY TECHNOLOGY 
(JIANGSU) LTD. 
2,491,200 
7,610,832 
4,545,429 
3,065,403 
12,958,114 
110,328 
21,738 
     Note 
ASUS CLOUD CORPORATION 
250,000 
115,725 
90,243 
25,482 
140,484 
(66,699) 
(76,009) 
(7.09) 
ASUS CLOUD SINGAPORE PTE. 
LTD. 
22,241 
1,762 
- 
1,762 
416 
(861) 
(861) 
 - 
ASUS CLOUD (LUXEMBOURG) S. 
A R. L. 
12,528 
3,430 
481 
2,949 
267 
160 
160 
 - 
ASUS LIFE CORPORATION 
10,000 
3,320 
4,938 
(1,618) 
6,996 
(2,703) 
(2,703) 
(0.25) 
SHINEWAVE INTERNATIONAL 
INC. 
107,250 
194,076 
45,298 
148,778 
103,664 
(3,594) 
1,771 
0.17 
EMES (SUZHOU) CO., LTD. 
10,153 
25,814 
3,344 
22,470 
18,136 
5,118 
5,311 
Note 
INTERNATIONAL UNITED 
TECHNOLOGY CO., LTD. 
163,515 
304,045 
124,585 
179,460 
362,573 
5,855 
8,127 
 0.50 
AAEON TECHNOLOGY INC. 
1,486,185 
8,917,113 
1,048,355 
7,868,758 
4,430,500 
400,530 
468,244 
 4.22 
AAEON ELECTRONICS, INC. 
135,632 
531,300 
291,562 
239,738 
1,193,856 
10,236 
25,783 
 - 
AAEON TECHNOLOGY CO., LTD. 
243,780 
252,169 
10 
252,159 
- 
(74) 
27,032 
 - 
AAEON TECHNOLOGY 
(EUROPE) B. V. 
3,132 
317,703 
281,651 
36,052 
1,026,416 
4,200 
5,245           - 
AAEON INVESTMENT CO., LTD. 
150,000 
119,460 
81 
119,379 
- 
(98) 
(5,175) 
(0.35) 
AAEON TECHNOLOGY 
SINGAPORE PTE. LTD. 
11,936 
84,856 
30,388 
54,468 
153,298 
8,729 
6,990           - 
AAEON TECHNOLOGY GMBH 
940 
33,723 
14,679 
19,044 
35,505 
 306 
811 
 - 
AAEON TECHNOLOGY 
(SUZHOU) INC. 
240,547 
364,712 
115,022 
249,690 
678,687 
25,464 
27,177 
 Note 
ONYX HEALTHCARE INC. 
302,612 
1,638,314 
612,419 
1,025,895 
935,272 
84,598 
131,481 
 4.22

183
 
NAME OF CORPORATION 
CAPITAL 
TOTAL A 
SSETS 
TOTAL 
LIABILITIES 
NET 
WORTH 
NET 
OPERATING 
REVENUES 
OPERATING 
INCOME 
(LOSS) 
NET 
INCOME 
(LOSS) 
EARNING 
(LOSS) 
PER 
SHARE(NTD) 
ONYX HEALTHCARE USA, INC. 
55,360 
245,106 
145,239 
99,867 
545,515 
(5,831) 
(631) 
 - 
ONYX HEALTHCARE EUROPE B. 
V. 
3,132 
26,882 
7,851 
19,031 
62,255 
5,110 
4,215 
 - 
IHELPER INC. 
36,000 
18,160 
1,733 
16,427 
3,831 
(1,932) 
(1,930) 
(0.54) 
ONYX HEALTHCARE 
(SHANGHAI) LTD. 
63,896 
9,855 
1,456 
8,399 
12 
(2,584) 
(2,588) 
 Note 
CHANNEL PILOT LIMITED 
831,313 
40,799,742 
4,886,195 
35,913,547 
- 
(240) 
2,594,502 
 - 
ASUS TECHNOLOGY PTE. 
LIMITED 
1,229,530 
38,351,600 
110,165 
38,241,435 
- 
(5,494) 
180,308 
- 
ASUS MIDDLE EAST FZCO 
80,649 
131,072 
32,338 
98,734 
155,843 
783 
(318) 
- 
ASUS EGYPT L. L. C. 
1 
4,059 
2,907 
1,152 
13,950 
629 
20           - 
PT. ASUS SERVICE INDONESIA  
28,131 
57,159 
15,873 
41,286 
60,753 
3,537 
4,083           - 
ASUS (THAILAND) CO., LTD. 
13,375 
41,075 
16,262 
24,813 
87,349 
4,713 
3,999 
- 
ASUS SERVICE (THAILAND) CO., 
LTD.  
5,016 
138,669 
131,242 
7,427 
113,441 
5,538 
2,620 
- 
ASUS COMPUTER GMBH 
8,007 
332,558 
164,366 
168,192 
1,152,659 
7,720 
12,751 
- 
ASUS FRANCE SARL 
3,320 
216,200 
154,221 
61,979 
392,621 
14,764 
6,726 
- 
ASUSTEK (UK) LIMITED 
1,865 
110,189 
45,533 
64,656 
231,099 
11,835 
8,759 
- 
ASUS TECHNOLOGY (HONG 
KONG) LIMITED 
1,774 
75,025 
60,993 
14,032 
164,481 
2,438 
296 
Note 
ASUS KOREA CO., LTD. 
18,463 
54,757 
6,584 
48,173 
118,964 
4,337 
4,457 
- 
ASUS TECHNOLOGY PRIVATE 
LIMITED 
74,681 
512,465 
195,667 
316,798 
399,216 
32,273 
26,861           - 
ASUS EUROPE B.V. 
274,832 
8,605,790 
6,912,119 
1,693,671 
22,640,243 
231,444 
182,490 
-

184
 
NAME OF CORPORATION 
CAPITAL 
TOTAL A 
SSETS 
TOTAL 
LIABILITIES 
NET 
WORTH 
NET 
OPERATING 
REVENUES 
OPERATING 
INCOME 
(LOSS) 
NET 
INCOME 
(LOSS) 
EARNING 
(LOSS) 
PER 
SHARE(NTD) 
ASUS TECHNOLOGY (VIETNAM) 
CO., LTD. 
1,572 
59,231 
29,310 
29,921 
135,407 
8,210 
4,914           - 
ASUS SPAIN, S.L.U. 
940 
63,744 
15,095 
48,649 
187,117 
8,302 
5,887 
- 
ASUS JAPAN INCORPORATION 
49,367 
2,402,506 
2,017,596 
384,910 
8,758,497 
97,669 
66,119 
- 
ASUS SERVICE AUSTRALIA PTY 
LIMITED 
19,075 
122,561 
56,693 
65,868 
116,379 
16,082 
11,521           - 
ASUS AUSTRALIA PTY LIMITED 
7,028 
87,644 
30,440 
57,204 
195,528 
4,435 
3,753 
- 
ASUS ISRAEL (TECHNOLOGY) 
LTD. 
361 
19,680 
9,049 
10,631 
91,305 
8,300 
5,899 
- 
ASUS COMPUTER COLOMBIA S. 
A. S. 
511 
9,747 
5,657 
4,090 
45,810 
2,171 
1,400           - 
ASUSTEK COMPUTERS (PTY) 
LIMITED 
2 
14,437 
7,124 
7,313 
44,555 
2,089 
1,471           - 
ASUSTEK COMPUTER 
MALAYSIA SDN. BHD. 
3,315 
29,760 
8,931 
20,829 
91,081 
3,569 
1,980           - 
ASUS CHILE SPA 
33 
8,047 
4,507 
3,540 
33,022 
1,583 
1,570 
- 
ASUS PERU S. A. C. 
29,290 
43,135 
13,267 
29,868 
30,705 
894 
649 
- 
ASUS HOLDING MEXICO, S. A. 
DE C. V. 
69,086 
2,170,654 
1,906,290 
264,364 
4,296,463 
343,537 
249,002           - 
ACBZ IMPORTACAO E 
COMERCIO LTDA. 
2,695,088 
5,405,045 
2,356,714 
3,048,331 
4,211,114 
515,340 
527,004           - 
ASUS INDIA PRIVATE LIMITED 
124,256 
7,785,307 
7,216,534 
568,773 
12,309,247 
316,831 
260,029 
- 
ASUS HUNGARY SERVICES 
LIMITED LIABILITY COMPANY 
1,061 
19,169 
8,348 
10,821 
47,928 
2,289 
1,616           - 
ASUS PORTUGAL, SOCIEDADE 
UNIPESSOAL LDA. 
940 
22,581 
8,074 
14,507 
48,495 
2,396 
1,896           -

185
 
NAME OF CORPORATION 
CAPITAL 
TOTAL A 
SSETS 
TOTAL 
LIABILITIES 
NET 
WORTH 
NET 
OPERATING 
REVENUES 
OPERATING 
INCOME 
(LOSS) 
NET 
INCOME 
(LOSS) 
EARNING 
(LOSS) 
PER 
SHARE(NTD) 
ASUS SWITZERLAND GMBH 
10,259 
24,644 
4,802 
19,842 
73,723 
3,511 
2,747 
- 
ASUS NORDIC AB 
921 
101,183 
50,616 
50,567 
315,002 
15,950 
11,595 
- 
ASUS BILGISAYAR SISTEMLERI 
TICARET LIMITED SIRKETI 
106,735 
167,741 
3,209 
164,532 
64,779 
2,798 
56,438           - 
ASUS TEKNOLOJI SERVISLERI 
TICARET LIMITED SIRKETI 
184 
30,724 
24,439 
6,285 
36,106 
4,282 
3,799           - 
ASUS POLSKA SP. Z O. O. 
341 
65,275 
10,274 
55,001 
127,417 
6,067 
4,868 
- 
ASUSTEK ITALY S. R. L. 
1,503 
105,738 
105,518 
220 
231,658 
8,012 
4,034 
- 
ASUS COMPUTER CZECH 
REPUBLIC S. R. O. 
252 
35,237 
12,970 
22,267 
85,609 
4,076 
2,782 
          - 
ASUS CZECH SERVICE S. R. O. 
6,778 
163,659 
35,987 
127,672 
410,684 
17,730 
14,808 
- 
ASUS PHILIPPINES 
CORPORATION 
5,738 
47,544 
39,623 
7,921 
68,473 
3,762 
1,815 
- 
QC SERVER AB 
153 
11,947 
55,851 
(43,904) 
- 
(406) 
6,887 
- 
ASUS PROPERTIES (VIETNAM) 
LTD. 
418,922 
420,234 
76 
420,158 
- 
(4,409) 
1,576           - 
LIABILITY LIMITED COMPANY 
A25 
4 
166,637 
161,599 
5,037 
611,173 
11,587 
9,465 
- 
ASUS UKRAINE LIMITED 
LIABILITY COMPANY 
9,739 
17,742 
6,937 
10,805 
27,795 
1,264 
1,085 
          - 
ASUSTEK COMPUTER 
(SHANGHAI) CO. LTD. 
1,331,408 
32,608,082 
35,617,285 (3,009,203) 
81,482,947 
637,842 
455,541 
Note 
ASUS COMPUTER (SHANGHAI) 
CO., LTD. 
55,360 
110,969 
31,668 
79,301 
168,423 
4,454 
4,702 
Note 
ASUS TECHNOLOGY (SUZHOU) 
CO., LTD. 
1,356,320 
4,140,283 
830,488 
3,309,795 
2,344,581 
153,766 
177,435 
Note

186
 
NAME OF CORPORATION 
CAPITAL 
TOTAL A 
SSETS 
TOTAL 
LIABILITIES 
NET 
WORTH 
NET 
OPERATING 
REVENUES 
OPERATING 
INCOME 
(LOSS) 
NET 
INCOME 
(LOSS) 
EARNING 
(LOSS) 
PER 
SHARE(NTD) 
ASUSTEK COMPUTER 
(CHONGQING) CO., LTD. 
1,909,920 
10,240,423 
3,730,860 
6,509,563 
12,689,240 
323,775 
473,757 
Note 
ASUS INVESTMENTS (SUZHOU) 
CO., LTD. 
716,886 
711,777 
651 
711,126 
- 
(2,168) 
4,744 
Note 
Note: It’s not applied to company limited.

187
 
ASUSTeK Computer Inc. 
Declaration of Internal Control 
 
Date: March 16, 2021 
The internal control system in 2021 conforms to the following declarations made in accordance with the self-
inspection conducted: 
 
1. 
We understand it is the responsibility of the Company’s management to have internal control system 
established, enforced, and maintained. The Company has the internal control system established to 
provide a reasonable assurance for the realization of operating effect and efficiency (including profits, 
performance, and assets safety), the reliability of financial report, and the obedience of relevant 
regulations. 
 
2. Internal control system is designed with limitations; therefore, no matter how perfectly it is designed, 
an effective internal control system is to ensure the realization of the aforementioned three objectives. 
Due to the change of environment and condition, the effectiveness of an internal control system could 
change at any time. Our internal control system is designed with self-monitoring mechanism; therefore, 
we are able to have corrective actions initiated upon identifying any nonconformity. 
 
3. We have based on the internal control criteria of “Governing Rules for handling internal control system 
by public offering companies” (referred to as “the Governing Rules” hereinafter) to determine the 
effectiveness of internal control design and enforcement. The internal control criteria of the “Governing 
Rules” is the management control process and with the internal control divided into five elements: 1. 
Environment control, 2. Risk analysis, 3. Control process, 4. Information and communication, and 5. 
Supervision. Each element is subdivided into several items. Please refer to the “Governing Rules” for 
the details of the said items. 
 
4. We have based on the aforementioned internal control criteria to inspect the effectiveness of internal 
control design and enforcement. 
 
5. We believe that our audits provide a reasonable basis for our opinion. On December 31, 2021, those 
standards require that we plan and perform the audit to obtain reasonable assurance about whether the 
internal control system (including the supervision and management over the subsidiaries) including the 
fulfillment of business performance and efficiency, the reliability of financial statements and the 
obedience of governing regulations, and the design and enforcement of internal control system is free 
of material misstatement and is able to ensure the realization of the aforementioned objectives. 
 
6. The Declaration of Internal Control is the content of our annual report and prospectus for the information 
of the public. For any forgery and concealment of the aforementioned information to the public, we will 
be held responsible by law in accordance with Securities Transaction Regulation No. 20, No. 32, No. 
171, and NO. 174. 
 
7. We hereby declared that the Declaration of Internal Control was approved by the Board of Directors on 
March 16, 2021 unanimously by the directors at the meeting. 
 
                 Chairman: Jonney Shih 
                General Manager & Co-CEO: S.Y. Hsu 
                  General Manager & Co-CEO: Samson Hu 
 
                   ASUSTeK Computer Inc.

188
Independent Auditors’ Report
To the Board of Directors and Shareholders of
ASUSTEK COMPUTER INC.:
Opinion
We have audited the accompanying consolidated balance sheets of ASUSTEK COMPUTER INC. and 
its subsidiaries (the “Group”) as of December 31, 2021 and 2020, and the related consolidated statements 
of comprehensive income, of changes in equity and of cash flows for the years ended December 31, 
2021 and 2020, and notes to the consolidated financial statements, including a summary of significant 
accounting policies.
In our opinion, based on our audits and the reports of the other independent auditors, as described 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 of December 31, 2021 and 2020, 
and its consolidated financial performance and its consolidated cash flows for the years ended December 
31, 2021 and 2020 in accordance with the Regulations Governing the Preparations of Financial Reports 
by Securities Issuers and the International Financial Reporting Standards, International Accounting 
Standards, IFRIC Interpretations, and SIC Interpretations as endorsed by the Financial Supervisory 
Commission.
Basis for opinion
We conducted our audits in accordance with the Regulations Governing Auditing and Attestation of 
Financial Statements by Certified Public Accountants and generally accepted auditing standards in the
Republic of China. Our responsibilities under those standards are further described in the Independent 
auditors’ responsibilities for the audit of the consolidated financial statements section of our report. We 
are independent of the Group in accordance with the 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. Based on our audits and the reports of the other independent 
auditors, we believe that the audit evidence we have obtained is sufficient and appropriate to provide a 
basis for our opinion.

189
Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our 
audit of the Group’s 2021 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 2021 consolidated financial statements are stated as follows:
Evaluation of inventories
Description
Refer to Note 4(14) for the accounting policies on the evaluation of inventories, Note 5 for the 
uncertainty of accounting estimations and assumptions for evaluation of inventories, and Note 6(8) for 
the details of inventory valuation.
The Group is primarily engaged in the design, R&D, and sales of 3C products. Due to the rapid 
technological innovations and competition within the industry, frequent releases of new products result 
in potential price fluctuations and product marginalization in the market. Additionally, it also affects the 
estimation of net realizable values of inventories.
In response to changing markets and its development strategies, the Group adjusts its inventory levels. 
The Group’s primary product line is notebook computer. As a result, the related inventory levels for the 
product line as mentioned above are significant. Management evaluates inventories stated at the lower 
of cost and net realizable value. Since the evaluation of inventories is subject to management’s judgment 
and the accounting estimations will have significant influence on the inventory values, the evaluation of 
inventories has been identified as one of the key audit matters.
How our audit addressed the matter
We have performed primary audit procedures for the above matter as follows:
1.
Assessed the policy on allowance for inventory valuation loss based on our understanding of the
Group’s operations and industry.

190
2.
Inspected the management’s individually identified out-of-date inventory list and checked the
related supporting documents.
3.
Tested the basis of market value used in calculating the net realizable value of inventory and
validated the accuracy of net realizable value calculation of selected samples.
Refund liabilities - sales returns and discounts
Description
Refer to Note 4(33) for the accounting policies on estimations for sales returns and discounts, Note 5 for 
the uncertainty of accounting estimations and assumptions for refund liabilities - sales returns and 
discounts, and Note 6(18) for the details of refund liabilities - sales returns and discounts. As of 
December 31, 2021, refund liabilities - sales returns and discounts amounted to $32,142,958 thousand.
The Group periodically estimates refund liabilities - sales returns and discounts based on each product 
line’s actual sales returns and discounts, and considers if there are special factors which will affect the 
original estimations. Since the refund liabilities - sales returns and discounts is subject to management’s 
judgment and the market of 3C products changes rapidly, management’s use of historical experience to 
accrue for future sales returns and discounts will cause uncertainty of accounting estimations. Thus, 
provision for sales returns and discounts has been identified as one of the key audit matters.
How our audit addressed the matter
We have performed primary audit procedures for the above matter as follows:
1.
Assessed the reasonableness of policies used in estimating refund liabilities - sales returns and
discounts, taking into consideration actual sales returns and discounts. Performed sample testing to
verify that accrual rates have been approved appropriately.
2.
Selected samples and tested the calculation logic used in the refund liabilities - sales returns and
discounts statements, including accrual and reversal statements of refund liabilities - sales returns
and discounts.
3.
Selected samples and confirmed whether accrual amounts based on the accrual statements of refund
liabilities - sales returns and discounts have been properly recognized in the financial statements.
4.
Selected samples and confirmed whether the reversal amounts based on the reversal statements of
refund liabilities - sales returns and discounts have been properly recognized in the financial
statements and checked against the original vouchers.

191
Other matter – Reference to the audits of other independent auditors
We did not audit the financial statements of certain consolidated subsidiaries and investments accounted 
for under the equity method, which statements reflect total assets of $11,763,530 thousand and 
$9,600,499 thousand (including investments accounted for under the equity method amounting to 
$5,831,243 thousand and $4,194,107 thousand), constituting 2.33% and 2.42% of consolidated total 
assets as of December 31, 2021 and 2020, respectively, total operating revenues of $5,115,399 thousand 
and $3,769,646 thousand, constituting 0.96% and 0.91% of consolidated operating revenues for the years 
ended December 31, 2021 and 2020, respectively, and the share of profit and other comprehensive 
income of associates and joint ventures accounted for under the equity method of $246,123 thousand 
and $59,173 thousand, constituting 0.47% and 0.17% of consolidated comprehensive income for the 
years ended December 31, 2021 and 2020, respectively. The financial statements of these investee 
companies were audited by other independent auditors whose reports thereon have been furnished to us 
and our opinion expressed herein, insofar as it relates to the amounts included in the consolidated 
financial statements and information disclosed relative to these consolidated subsidiaries and 
investments accounted for under the equity method, is based solely on the reports of other independent 
auditors.
Other matter – Parent company only financial reports
We have audited and expressed an unmodified opinion with an Other matter section on the parent 
company only financial statements of ASUSTEK COMPUTER INC. as of and for the years ended 
December 31, 2021 and 2020.
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 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.

192
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.
Independent auditors’ 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 auditors’
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 generally accepted auditing standards in 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 generally accepted auditing standards in the Republic of China, 
we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
1.
Identify and assess the risks of material misstatement of the consolidated financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal control.
2.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Group’s internal control.
3.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by management.

193
4.
Conclude on the appropriateness of management’s use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the Group’s ability to continue as a going concern.
If we conclude that a material uncertainty exists, we are required to draw attention in our 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 report. However, future events or conditions may cause the Group to cease to continue as a
going concern.
5.
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.
6.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or
business activities within the Group to express an opinion on the consolidated financial statements.
We are responsible for the direction, supervision and performance of the group audit. We remain
solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope 
and timing of the audit and significant audit findings, including any significant deficiencies in internal 
control that we identify during our audit. 
We also provide those charged with governance with a statement that we have complied with relevant 
ethical requirements regarding independence, and to communicate with them all relationships and other 
matters that may reasonably be thought to bear on our independence, and where applicable, related 
safeguards.

194
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 auditors’ 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 auditors’ report because the adverse 
consequences of doing so would reasonably be expected to outweigh the public interest benefits of such 
communication.
Chou, Chien-Hung
Lin, Chun-Yao
For and on behalf of PricewaterhouseCoopers, Taiwan
March 16, 2022
-------------------------------------------------------------------------------------------------------------------------------------------------
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 
consolidated 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 consolidated 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.

195
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2021 AND 2020
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
DECEMBER 31, 2021
DECEMBER 31, 2020
ASSETS
NOTES
AMOUNT
%
AMOUNT
%
Current assets
Cash and cash equivalents
6(1)
$
67,812,243
13
$
56,779,464
15
Financial assets at fair value through profit 
or loss - current
6(2)
4,250,964
1
19,979,703
5
Financial assets at fair value through other 
comprehensive income - current
6(3)
1,630,993
-
1,284,648
-
Financial assets at amortized cost - current
6(4)
125,500
-
151,500
-
Derivative financial assets for hedging - 
current
6(5)
494,819
-
14,234
-
Notes receivable
6(6)
4,158,773
1
4,257,331
1
Trade receivables
6(6)(7) and 7
89,083,799
18
71,845,003
18
Other receivables
7
4,641,494
1
496,974
-
Inventories
6(8)
167,315,529
33
97,309,753
25
Prepayments
8,849,060
2
8,188,781
2
Other current assets
8
341,868
-
277,339
-
Total current assets
348,705,042
69
260,584,730
66
Non-current assets
Financial assets at fair value through profit 
or loss - non-current
6(2)
2,884,568
1
112,748
-
Financial assets at fair value through other 
comprehensive income - non-current
6(3)
74,021,463
15
70,834,757
18
Financial assets at amortized cost - non-
current
6(4)
8,229,919
2
4,163,816
1
Investments accounted for under equity 
method
6(9)
19,891,181
4
16,467,905
4
Property, plant and equipment
6(10) and 8
19,420,631
4
21,022,891
5
Right-of-use assets
6(11)
1,721,804
-
1,240,450
-
Investment property
7,799,167
1
7,269,510
2
Intangible assets
6(12)
2,189,762
-
2,182,446
1
Deferred income tax assets
6(28)
16,243,901
3
11,268,531
3
Other non-current assets
8
3,045,376
1
1,366,932
-
Total non-current assets
155,447,772
31
135,929,986
34
TOTAL ASSETS
$
504,152,814
100
$
396,514,716
100
(Continued)

196
ASUSTEK COMPUTER INC. AND SUBSIDIARIES 
CONSOLIDATED BALANCE SHEETS 
DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 
 
The accompanying notes are an integral part of these consolidated financial statements. 
DECEMBER 31, 2021 
 
DECEMBER 31, 2020 
 
LIABILITIES AND EQUITY 
NOTES 
AMOUNT 
%  
AMOUNT 
% 
Current liabilities 
  
   
 
 
Short-term borrowings 
6(14)(31) 
 $ 
9,396,555
2  $ 
5,875,775
 
2 
Financial liabilities at fair value through 
profit or loss - current 
6(2) 
  
232,687  
-   
938,214   
- 
Derivative financial liabilities for hedging - 
current 
6(5) 
  
58,036  
-   
823,640   
- 
Contract liabilities - current 
6(23) 
  
3,061,577
1   
1,125,325
 
1 
Notes and trade payables 
6(7) and 7 
  
95,730,026
19   
55,470,313
 
14 
Other payables - accrued expenses 
7 
  
49,274,621
10   
40,898,928
 
10 
Current income tax liabilities 
  
15,306,153
3   
8,996,550
 
2 
Provisions for liabilities - current 
6(17) and 9 
  
27,106,864
5   
22,633,219
 
6 
Lease liabilities - current 
6(31) 
  
495,956
-   
398,576
 
- 
Current portion of long-term borrowings 
6(15)(31) 
  
10,744
-   
-
 
- 
Refund liabilities - current 
6(18) 
  
32,142,958
6   
24,436,364
 
6 
Other current liabilities 
7 
  
5,366,333
1   
4,575,103
 
1 
Total current liabilities 
  
238,182,510
47   
166,172,007
 
42 
Non-current liabilities 
  
   
 
 
Long-term borrowings 
6(15)(31) 
  
155,043
-   
-
 
- 
Deferred income tax liabilities 
6(28) 
  
17,348,101
4   
14,456,769
 
4 
Lease liabilities - non-current 
6(31) 
  
956,286
-   
547,577
 
- 
Other non-current liabilities 
6(16)(23) 
  
1,074,408
-   
696,812
 
- 
Total non-current liabilities 
  
19,533,838
4   
15,701,158
 
4 
Total liabilities 
  
257,716,348
51   
181,873,165
 
46 
Equity attributable to shareholders of the 
parent 
  
   
 
 
Share capital - common shares 
6(19) 
  
7,427,603
1   
7,427,603
 
2 
Capital surplus 
6(20) 
  
9,839,911
2   
9,784,103
 
3 
Retained earnings 
6(21) 
  
   
 
 
Legal reserve 
  
39,274,878
8   
36,620,905
 
9 
Special reserve 
  
693,928
-   
693,928
 
- 
Unappropriated retained earnings 
  
135,085,474
27   
110,029,647
 
28 
Other equity 
6(3)(5)(22) 
  
40,009,424
8   
37,208,330
 
9 
Total equity attributable to shareholders of the 
parent 
  
232,331,218  
46   
201,764,516   
51 
Non-controlling interest 
  
14,105,248
3   
12,877,035
 
3 
Total equity 
  
246,436,466
49   
214,641,551
 
54 
TOTAL LIABILITIES AND EQUITY 
 $ 
504,152,814
100  $ 
396,514,716
 100

197
ASUSTEK COMPUTER INC. AND SUBSIDIARIES 
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, EXCEPT EARNINGS PER SHARE IN NEW TAIWAN DOLLARS) 
 
The accompanying notes are an integral part of these consolidated financial statements. 
 
YEARS ENDED DECEMBER 31 
 
 
 
 
 
2021 
  
2020 
 
 
ITEMS 
 
NOTES 
 
AMOUNT 
  
% 
  
AMOUNT 
  
% 
 
Operating revenue 
6(23) and 7 
$ 
535,238,735
100
$ 
412,780,439
 
100 
Operating costs 
6(8)(10)(11)(12)(16) 
(26)(27) and 7 
(
424,922,806 ) (
80 ) (
339,554,721 ) ( 
82 )
Gross profit before realized 
 
110,315,929
20
 
73,225,718
 
18 
Unrealized profit from sales 
(  
10,454) 
-
(  
15,545)  
- 
Gross profit 
 
110,305,475
20
 
73,210,173
 
18 
Operating expenses 
6(10)(11)(12)(16)(26)
(27), 7 and 9 
 
 
 
 
Selling expenses 
(  
32,300,929) (
6) (  
23,815,792) ( 
6 ) 
General and administrative expenses 
(  
8,590,172) (
1) (  
7,562,320) ( 
2 ) 
Research and development expenses 
(  
20,088,772) (
4) (  
16,874,998) ( 
4 ) 
Total operating expenses 
(  
60,979,873) (
11) (  
48,253,110) ( 
12 ) 
Operating profit 
 
49,325,602
9
 
24,957,063
 
6 
Non-operating income and expenses 
 
 
 
 
Interest income 
6(4) 
 
527,999
-
 
639,852
 
- 
Other income 
6(3)(24) 
 
3,033,587
1
 
3,023,137
 
1 
Other gains (losses) 
6(2)(4)(5)(10)(11) 
(25) 
 
4,116,701
1
4,019,102
 
1 
Finance costs 
6(11) 
(  
171,037) 
-
(  
166,409)  
- 
Share of profit (loss) of associates and joint 
ventures accounted for under equity method 
6(9) 
 
2,255,878
-
647,293
 
- 
Total non-operating income and expenses 
 
9,763,128
2
 
8,162,975
 
2 
Profit before income tax 
 
59,088,730
11
 
33,120,038
 
8 
Income tax expenses 
6(28) 
(  
12,483,328) (
2) (  
7,317,181) ( 
2 ) 
Profit from continuing operations for the year 
 
46,605,402
9
 
25,802,857
 
6 
Profit from discontinued operations for the year 
6(13) 
 
-
-
 
2,584,021
 
1 
Profit for the year 
$ 
46,605,402
9
$ 
28,386,878
 
7 
Other comprehensive income 
 
 
 
 
Items that will not be reclassified to profit or loss 
 
 
 
 
Profit (loss) on remeasurements of defined 
benefit plans 
6(22) 
$
17,872
-
( $
25,556 )  
- 
Unrealized gains (losses) from investments in 
equity instruments measured at fair value 
through other comprehensive income 
6(3)(22) 
6,371,861
1
8,671,271
 
2 
Share of other comprehensive income (loss) of 
associates and joint ventures accounted for 
under equity method 
6(9)(22) 
515,549
-
1,770,567
 
- 
Income tax relating to items that will not be 
reclassified to profit or loss 
6(22)(28) 
(
11,986 )
-
(
21,171 )  
- 
Items that will be reclassified to profit or loss 
 
 
 
 
Financial statements translation differences of 
foreign operations 
6(22) 
(
2,913,889 )
-
(
4,372,649 ) ( 
1 )
Gains (losses) on hedging instrument 
6(5)(22) 
 
1,246,189
-
(  
503,550)  
- 
Share of other comprehensive income (loss) of 
associates and joint ventures accounted for 
under equity method 
6(9)(22) 
(
248,842 )
-
(
341,112 )  
- 
Income tax relating to items that will be 
reclassified to profit or loss 
6(22)(28) 
578,866
-
877,776
 
- 
Other comprehensive income (loss) for the 
year 
$
5,555,620
1
$
6,055,576
 
1 
Total comprehensive income for the year 
$ 
52,161,022
10
$ 
34,442,454
 
8 
Profit attributable to: 
 
 
 
 
Shareholders of the parent 
$ 
44,549,798
8
$ 
26,557,672
 
6 
Non-controlling interest 
 
2,055,604
1
 
1,829,206
 
1 
 
$ 
46,605,402
9
$ 
28,386,878
 
7 
Total comprehensive income attributable to: 
 
 
 
 
Shareholders of the parent 
$ 
49,822,661
10
$ 
31,833,959
 
7 
Non-controlling interest 
 
2,338,361
-
 
2,608,495
 
1 
 
$ 
52,161,022
10
$ 
34,442,454
 
8 
Basic earnings per share: 
6(29) 
 
 
 
 
Profit from continuing operations 
$ 
59.98
$ 
32.28
 
 
Profit from discontinued operations 
 
-
 
3.48
 
 
Basic earnings per share 
$ 
59.98
$ 
35.76
 
 
Diluted earnings per share: 
6(29) 
 
 
 
 
Profit from continuing operations 
$ 
59.21
$ 
31.91
 
 
Profit from discontinued operations 
 
-
 
3.44
 
 
Diluted earnings per share 
$ 
59.21
$ 
35.35

198
ASUSTEK COMPUTER INC. AND SUBSIDIARIES 
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 
 
 
 
Equity attributable to owners of the parent 
 
 
 
  
  
 
Retained Earnings 
 
Other Equity Interest 
 
 
 
 
 
 
Common shares 
 
Capital surplus 
 
Legal reserve 
 
Special reserve 
Unappropriated 
retained earnings 
 
Financial 
statements 
translation 
differences of 
foreign operations 
 
Unrealized gains 
from financial 
assets measured at 
fair value through 
other 
comprehensive 
income 
 
Gain (loss) on 
hedging instruments 
 
Remeasurements of 
defined benefit plan 
 
Total 
 
Non-controlling 
interest 
 
Total equity 
 
  
The accompanying notes are an integral part of these consolidated financial statements. 
Year ended December 31, 2021 
 
  
  
  
  
  
 
   
  
   
 
Balance at January 1, 2021 
 $ 7,427,603  $ 9,784,103
$ 36,620,905  $ 
693,928  $ 110,029,647   ($ 6,447,186)   $ 44,600,953
 ($ 
809,406 )  ( $ 
136,031 )  $ 201,764,516
$ 12,877,035   $ 214,641,551  
Appropriations of 2020 earnings (Note 6(21)) 
 
  
  
  
  
  
 
   
  
   
 
Legal reserve 
 
-  
-
2,653,973  
-  (
2,653,973)  
-
  
-
 
-   
-  
-
-   
-  
Cash dividends 
 
-  
-
-  
-  (
19,311,767)  
-
  
-
 
-   
-  (
19,311,767) 
-  ( 19,311,767) 
Profit for the year 
 
-  
-
-  
-  
44,549,798   
-
  
-
 
-   
-  
44,549,798
2,055,604   46,605,402  
Other comprehensive income (loss) for the 
year 
 
-  
-
-  
-  
-   (
2,447,674)   
6,460,791
 
1,246,189   
13,557  
5,272,863
282,757   
5,555,620
 
Change in associates and joint ventures 
accounted for under equity method 
 
-  
55,381
-  
-  
-   
-
  
-
 
-   
-  
55,381
-   
55,381
 
Recognition of changes in ownership interest 
in subsidiaries 
 
-  
427
-  
-  
-   
-
  
-
 
-   
-  
427
-   
427
 
Non-controlling interest 
 
-  
-
-  
-  
-   
-
  
-
 
-   
-  
-
(
1,110,148 ) 
( 
1,110,148) 
Disposal of financial assets at fair value 
through other comprehensive income 
 
-  
-
-  
-  
2,471,769   
-
 ( 
2,471,769)  
-   
-  
-
-   
-
 
Balance at December 31, 2021 
 $ 7,427,603  $ 9,839,911
$ 39,274,878  $ 
693,928  $ 135,085,474   ($ 8,894,860)   $ 48,589,975
 $ 
436,783  ( $ 
122,474 )  $ 232,331,218
$ 14,105,248   $ 246,436,466  
Year ended December 31, 2020 
 
  
  
  
  
  
 
   
  
   
 
Balance at January 1, 2020 
 $ 7,427,603  $ 6,297,000
$ 35,407,050  $ 
693,928  $ 95,102,416   ($ 2,800,984)   $ 35,155,750
 ($ 
305,856 )  ( $ 
116,867 )  $ 176,860,040
$ 6,426,752   $ 183,286,792  
Appropriations of 2019 earnings (Note 6(21)) 
 
  
  
  
  
  
 
   
  
   
 
Legal reserve 
 
-  
-
1,213,855  
-  (
1,213,855)  
-
  
-
 
-   
-  
-
-   
-  
Cash dividends 
 
-  
-
-  
-  (
10,398,644)  
-
  
-
 
-   
-  (
10,398,644) 
-  ( 10,398,644) 
Profit for the year 
 
-  
-
-  
-  
26,557,672   
-
  
-
 
-   
-  
26,557,672
1,829,206   28,386,878  
Other comprehensive income (loss) for the 
year 
 
-  
-
-  
-  
-   (
3,646,202)   
9,445,203
 (
503,550 )  ( 
19,164 )  
5,276,287
779,289   
6,055,576
 
Change in associates and joint ventures 
accounted for under equity method 
 
-  
649,500
-  
-  
-   
-
  
-
 
-   
-  
649,500
-   
649,500
 
Recognition of changes in ownership interest 
in subsidiaries (Note 6(30)) 
 
-  
2,837,603
-  
-  
-   
-
  
-
 
-   
-  
2,837,603
3,787,640   
6,625,243
 
Non-controlling interest 
 
-  
-
-  
-  
-   
-
  
-
 
-   
-  
-
54,148   
54,148  
Disposal of financial assets at fair value 
through other comprehensive income 
 
-  
-
-  
-  (
17,942)  
-
  
-
 
-   
-  (
17,942) 
-  ( 
17,942) 
Balance at December 31, 2020 
 $ 7,427,603  $ 9,784,103
$ 36,620,905  $ 
693,928  $ 110,029,647   ($ 6,447,186)   $ 44,600,953
 ($ 
809,406 )  ( $ 
136,031 )  $ 201,764,516
$ 12,877,035   $ 214,641,551

199
ASUSTEK COMPUTER INC. AND SUBSIDIARIES 
CONSOLIDATED STATEMENTS OF CASH FLOWS 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 
 
 
 
 
 
YEARS ENDED DECEMBER 31 
 
 
 
 
 
2021 
   
2020 
 
 
  
   
     
 
 
The accompanying notes are an integral part of these consolidated financial statements. 
Cash flows from operating activities 
    
     
  
Profit before income tax from continuing operations for the year 
   $ 
59,088,730    $ 
33,120,038  
Profit before income tax from discontinued operations for the year 
    
-     
2,982,224  
Profit before income tax from continuing and discontinued operations for the year 
    
59,088,730     
36,102,262  
Income and expenses that result in non-cash flows 
    
     
  
Depreciation (including investment property and right-of-use assets) 
    
3,159,301     
2,885,997  
Amortization 
    
428,598     
517,792  
Expected credit impairment losses (gains) 
    
318,935   (  
324,286 ) 
Net losses (gains) on financial assets or liability at fair value through profit or loss 
  (  
1,226,994 )    
2,246,700  
Share of profit of associates and joint ventures accounted for under equity method 
  (  
2,255,878 )  (  
647,293 ) 
Impairment loss on non-financial assets 
    
577,492     
21,122  
Bargain purchase gain 
    
-   (  
378,940 ) 
Interest income 
  (  
527,999 )  (  
639,853 ) 
Dividend income 
  (  
2,880,703 )  (  
2,879,397 ) 
Interest expense 
    
171,037     
166,409  
Others 
  (  
79,824 )    
273,729  
Changes in assets / liabilities relating to operating activities 
    
     
  
Financial assets at fair value through profit or loss 
    
11,153,471   (  
12,706,369 ) 
Notes receivable 
    
99,246     
919,486  
Trade receivables 
  (  
17,530,558 )  (  
6,010,480 ) 
Other receivables 
  (  
122,011 )    
130,618  
Inventories 
  (  
70,005,776 )  (  
22,821,053 ) 
Prepayments 
  (  
2,612,567 )    
204,736  
Other current assets 
  (  
64,529 )  (  
20,774 ) 
Financial liabilities at fair value through profit or loss 
  (  
1,731,153 )  (  
3,341,674 ) 
Contract liabilities 
    
2,321,803     
175,204  
Notes and trade payables 
    
40,259,713   (  
3,625,944 ) 
Other payables - accrued expenses 
    
8,000,042     
5,662,290  
Provisions for liabilities 
    
4,473,645     
880,227  
Refund liabilities 
    
7,706,594     
3,606,036  
Other current liabilities 
    
967,670   (  
138,743 ) 
Other operating liabilities 
  (  
72,353 )  (  
11,249 ) 
Receipt of interest 
    
579,693     
652,199  
Payment of interest 
  (  
181,129 )  (  
188,727 ) 
Payment of income tax 
  (  
7,323,353 )  (  
2,803,612 ) 
Net cash flows provided by (used in) operating activities 
    
32,691,143   (  
2,093,587 ) 
Cash flows from investing activities 
    
     
  
Acquisition of financial assets at fair value through other comprehensive income 
  (  
30,000 )  (  
529,765 ) 
Disposal of financial assets at fair value through other comprehensive income 
    
2,755,506     
27,158  
Acquisition of financial assets at amortized cost 
  (  
4,899,741 )  (  
4,414,553 ) 
Disposal of financial assets at amortized cost 
    
563,902     
-  
Acquisition of investments accounted for under equity method 
  (  
1,542,543 )  (  
162,981 ) 
Acquisition of property, plant and equipment 
  (  
2,178,141 )  (  
2,565,786 ) 
Acquisition of intangible assets 
  (  
219,335 )  (  
449,989 ) 
Decrease in refundable deposits 
    
198,787     
70,286  
Changes in other non-current assets 
  (  
123,476 )  (  
11,357 ) 
Dividends received 
    
3,651,134     
3,425,477  
Others 
    
40,275     
24,880  
Net cash flows provided by (used in) investing activities 
  (  
1,783,632 )  (  
4,586,630 ) 
Cash flows from financing activities 
    
     
  
Increase in short-term borrowings 
    
3,565,288     
285,489  
Increase in long-term borrowings 
    
172,000     
-  
Decrease in long-term borrowings 
  (  
6,213 )    
-  
Payment of cash dividends 
  (  
19,311,767 )  (  
10,398,644 ) 
Redemption of lease liabilities 
  (  
560,238 )  (  
517,210 ) 
Change in non-controlling interest 
  (  
1,230,664 )  (  
786,931 ) 
Others 
    
3,864     
68,995  
Net cash flows provided by (used in) financing activities 
  (  
17,367,730 )  (  
11,348,301 ) 
Effects due to changes in exchange rate 
  (  
2,507,002 )  (  
4,275,394 ) 
Increase (decrease) in cash and cash equivalents 
    
11,032,779   (  
22,303,912 ) 
Cash and cash equivalents at beginning of year 
    
56,779,464     
79,083,376  
Cash and cash equivalents at end of year 
   $ 
67,812,243    $ 
56,779,464

200
                              
ASUSTEK COMPUTER INC. AND SUBSIDIARIES 
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, 
EXCEPT AS OTHERWISE INDICATED) 
 
 
1. HISTORY AND ORGANIZATION 
(1) ASUSTEK COMPUTER INC. (ASUS or the Company) was established in the Republic of China 
(R.O.C.). The Company is primarily engaged in the design, R&D and sales of 3C products (including 
PCs, main boards, other boards and cards, smart phones and other handheld devices, etc.). 
(2) The Company resolved to spin-off its OEM businesses on January 1, 2008. Pursuant to the 
Company’s resolution, the Company transferred its computer OEM, design and manufacture of 
computer cases and molds and non-computer OEM businesses to its spun-off subsidiaries, 
PEGATRON CORPORATION (PEGA) and UNIHAN CORPORATION, respectively. On June 1, 
2010, however, the Company transferred further its OEM assets and business (the Company’s 
investments accounted for under equity method in PEGA) to the Company’s another investee, 
PEGATRON INTERNATIONAL INVESTMENT CO. LTD. (PII). PII issued new shares to the 
Company and its shareholders as consideration. On April 29, 2013, the Company disposed the partial 
shares of PEGA and reduced the ownership percentage to less than 20%. 
2. THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL 
STATEMENTS AND PROCEDURES FOR AUTHORIZATION 
These consolidated financial statements were authorized for issuance by the Board of Directors and 
issued on March 16, 2022. 
3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS 
(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting 
Standards (“IFRSs”) as endorsed by the Financial Supervisory Commission (“FSC”) 
 
 New Standards, Interpretations and Amendments
 Effective date by
International Accounting
Standards Board
Amendments to IFRS 4, “Extension of the temporary exemption from
   applying IFRS 9”
January 1, 2021
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16,
  “Interest Rate Benchmark Reform - Phase 2”
January 1, 2021
Amendment to IFRS 16, “Covid-19-related rent concessions beyond
   June 30, 2021”
April 1, 2021
(Note)

201
                              
Note: Earlier application from January 1, 2021 is allowed by the FSC. 
The above standards and interpretations have no significant impact to the Group’s financial condition 
and financial performance based on the Group’s assessment. 
(2) Effect of new issuances of or amendments to IFRSs as endorsed by the FSC but not yet adopted by 
the Group 
 
The above standards and interpretations have no significant impact to the Group’s financial condition 
and financial performance based on the Group’s assessment. 
(3) IFRSs issued by International Accounting Standards Board but not yet endorsed by the FSC 
 
The above standards and interpretations have no significant impact to the Group’s financial condition 
and financial performance based on the Group’s assessment.  
 New Standards, Interpretations and Amendments
 Effective date by
International Accounting
Standards Board
Amendments to IFRS 3, “Reference to the conceptual framework”
January 1, 2022
Amendments to IAS 16, “Property, plant and equipment: proceeds
   before intended use”
January 1, 2022
Amendments to IAS 37, “Onerous contracts - cost of fulfilling a
   contract”
January 1, 2022
Annual improvements to IFRS Standards 2018 - 2020
January 1, 2022
 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
IFRS 17, “Insurance contracts”
January 1, 2023
Amendments to IFRS 17, “Insurance contracts”
January 1, 2023
Amendments to IFRS 17, “Initial application of IFRS 17 and IFRS 9 -
  comparative information”
January 1, 2023
Amendments to IAS 1, “Classification of liabilities as current or non-
  current”
January 1, 2023
Amendments to IAS 1, “Disclosure of accounting policies”
January 1, 2023
Amendments to IAS 8, “Definition of accounting estimates”
January 1, 2023
Amendments to IAS 12, “Deferred tax related to assets and liabilities
   arising from a single transaction”
January 1, 2023

202
                              
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
The principal accounting policies applied in the preparation of these consolidated financial statements 
are set out below. These policies have been consistently applied to all the periods presented, unless 
otherwise stated. 
(1) Compliance statement 
These consolidated financial statements have been prepared in accordance with the Regulations 
Governing the Preparation of Financial Reports by Securities Issuers, IFRSs, International 
Accounting Standards (IASs), International Financial Reporting Interpretations Committee and SICs 
as endorsed by the FSC. 
(2) Basis of preparation 
A. Except for the following significant 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 at fair value through other comprehensive income. 
(C) Defined benefit liabilities recognized at the net amount of pension fund assets less present 
value of defined benefit obligation. 
B. The critical accounting estimates and assumptions used in preparation of financial statements and 
the critical judgements in applying the Group’s accounting policies 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. 
(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

203
                              
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: 
     Investor    
    Subsidiary     
    Main business activities    
December 31, 2021 December 31, 2020 Remark
ASUS
ASUS COMPUTER
   INTERNATIONAL (ACI)
Selling of 3C products in North
  America
100.00
100.00
ASUS
ASUS TECHNOLOGY
   INCORPORATION
   (ASUTC)
Selling of 3C products in Taiwan
100.00
100.00
ASUS
ASUS HOLLAND B. V.
  (ACH)
Repairing of 3C products
100.00
100.00
ASUS
ASUS INTERNATIONAL
   LIMITED (AIL)
Investing in 3C and computer
  peripheral business
100.00
100.00
ASUS
ASUS GLOBAL
   PTE. LTD. (ASGL)
Selling of 3C products
100.00
100.00
ASUS
ASUS CLOUD
   CORPORATION
   (ASUSCLOUD)
Selling and consulting of
  internet service
94.58
94.58
ASUS
ASKEY COMPUTER CORP.
   (ASKEY)
Designing, manufacturing,
  repairing and selling of
  communication products and
  computer peripheral spare parts
100.00
100.00
ASUS
HUA-CHENG VENTURE
   CAPITAL CORP. (HCVC)
Investing in computer peripheral
  business
100.00
100.00
ASUS
HUA-MIN INVESTMENT
   CO., LTD. (HMI)
Investing in computer peripheral
  business
100.00
100.00
ASUS
QUANTUM CLOUD
   INTERNATIONAL PTE.
   LTD. (QCI)
Servicing of information technology
100.00
100.00
ASUS
JINSHUO CULTURAL
  DIFFUSION CO., LTD.
  (JSCD)
Participating and promoting of
  professional eSports
100.00
100.00
ASUS
UNIMAX ELECTRONICS
  INCORPORATION (UEI)
Manufacturing and selling of
   automotive electronics and
   computer peripherals
100.00
100.00
Ownership (%)

204
                              
 
     Investor    
    Subsidiary     
    Main business activities    
December 31, 2021 December 31, 2020 Remark
Ownership (%)
ASUS
TAIWAN WEB SERVICE
   CORPORATION (TWS)
Servicing of AI computing
100.00
-
ASUS and
   HCVC
SHINEWAVE
   INTERNATIONAL INC.
   (SWI)
Researching, developing, selling
   and consulting of information
   system software
51.00
51.00
ASUS and
   HCVC
INTERNATIONAL UNITED
   TECHNOLOGY CO., LTD.
   (TAIWAN) (IUT)
Researching, developing,
  manufacturing and selling of
  ink-jet print heads and ink-jet
  digital image output technology
69.25
69.25
ASUS and
   HCVC
PT. ASUS TECHNOLOGY
   INDONESIA BATAM
   (ACBT)
Selling of 3C products in Indonesia
100.00
100.00
ASUS and
   HCVC
PT. ASUS TECHNOLOGY
   INDONESIA JAKARTA
   (ACJK)
Selling of 3C products in Indonesia
100.00
100.00
ASUS, HCVC
   and HMI
ASMEDIA TECHNOLOGY
   INC. (ASMEDIA)
Designing, researching, developing
  and manufacturing of high-speed
  analog circuit
45.99
46.03
ASUS, HCVC
   and HMI
AAEON TECHNOLOGY
   INC. (AAEON)
Manufacturing and selling of
  industrial computers and
  computer peripherals
40.69
40.73
ASUS, HMI
   and AAEON
ONYX HEALTHCARE INC.
   (ONYX)
Designing, manufacturing and
  selling of medical computers
56.80
56.80
Note
HMI GROUP
JOGEEK TECHNOLOGY
   LIMITED (JOGEEK)
Selling and repairing of information
  software and electronic
  information materials
100.00
100.00
SWI
   GROUP
EMES (SUZHOU) CO., LTD.
   (EMES)
Selling and consulting of
   information system software
100.00
100.00
ASKEY
   GROUP
ASKEY INTERNATIONAL
   CORP. (ASKEYI)
Selling and servicing of
  communication products
100.00
100.00
ASKEY
   GROUP
DYNALINK
   INTERNATIONAL
   CORP. (DIC)
Investing in communication
  business
100.00
100.00
ASKEY
   GROUP
MAGIC INTERNATIONAL
   CO., LTD. (MIC)
Investing in communication
  business
100.00
100.00
ASKEY
   GROUP
ASKEY (VIETNAM)
   COMPANY LIMITED
   (ASKEYVN)
Manufacturing and selling of
  communication products
100.00
100.00
ASKEY
   GROUP
MAGICOM
   INTERNATIONAL
   CORP. (MAGICOM)
Investing in communication
  business
100.00
100.00
ASKEY
   GROUP
YANG XU ELECTRONIC
   TECHNOLOGY
   (SHANGHAI) LTD.
   (ASKEYSH)
Researching, developing and selling
  of communication products
100.00
100.00
ASKEY
   GROUP
LEADING PROFIT CO., LTD.
   (LP)
Selling of communication products
  and peripherals
-
100.00
ASKEY
   GROUP
UNI LEADER
   INTERNATIONAL LTD.
   (UNI)
Selling of communication products
  and peripherals
-
100.00

205
                              
 
     Investor    
    Subsidiary     
    Main business activities    
December 31, 2021 December 31, 2020 Remark
Ownership (%)
ASKEY
   GROUP
ASKEY TECHNOLOGY
   (JIANGSU) LTD.
   (ASKEYJS)
Manufacturing and selling of
  communication products
100.00
100.00
ASKEY
   GROUP
WISE ACCESS (HK)
    LIMITED (WISE)
Investing in communication
  business
100.00
100.00
ASKEY
   GROUP
SILIGENCE SAS
   (SILIGENCE)
Selling and servicing of
  communication products
95.95
95.95
ASKEY
   GROUP
ASKEY COMMUNICATION
  GMBH (ASKEYCG)
Selling and servicing of
  communication products
100.00
100.00
ASKEY
   GROUP
ASKEY DO BRASIL
   TECNOLOGIA LTDA.
   (ASKEYBR)
Selling and servicing of
   communication products
100.00
100.00
ASKEY
   GROUP
ASKEY CORPORATION
   (THAILAND) CO., LTD.
   (ASKEYTH)
Selling and servicing of
  communication products
100.00
100.00
ASKEY
   GROUP
ASKEY JAPAN CO., LTD.
   (ASKEYJP)
Selling and servicing of
  communication products
100.00
100.00
ASKEY
   GROUP
ASKEY DIGITAL
   TECHNOLOGY CORP.
   (ASKEYDT)
Selling and servicing of
   communication products
100.00
100.00
ASKEY
   GROUP
WONDALINK INC.
   (WONDA)
Manufacturing and designing
    of wired and wireless
    communication, electronic parts
    products, etc.
100.00
100.00
ASKEY
   GROUP
ASKEYUK CO. LIMITED
   (ASKEYUK)
Selling and servicing of
  communication products
100.00
100.00
AAEON
   GROUP
AAEON ELECTRONICS,
   INC. (AAEONEI)
Selling of industrial computers
  and computer peripherals
100.00
100.00
AAEON
   GROUP
AAEON TECHNOLOGY CO.,
   LTD. (AAEONTCL)
Investing in industrial computers
  and interface cards business
100.00
100.00
AAEON
   GROUP
AAEON TECHNOLOGY
   (EUROPE) B. V.
   (AAEONEU)
Selling of industrial computers and
  computer peripherals
100.00
100.00
AAEON
   GROUP
AAEON TECHNOLOGY
   GMBH (AAEONG)
Selling of industrial computers and
  computer peripherals
100.00
100.00
AAEON
   GROUP
AAEON INVESTMENT CO.,
   LTD. (AAEONI)
Investing in industrial computers
  and computer peripherals
  business
100.00
100.00
AAEON
   GROUP
AAEON TECHNOLOGY
   SINGAPORE PTE. LTD.
   (AAEONSG)
Selling of industrial computers and
  computer peripherals
100.00
100.00
AAEON
   GROUP
AAEON TECHNOLOGY
   (SUZHOU) INC.
   (AAEONSZ)
Manufacturing and selling of
  industrial computers and
  interface cards
100.00
100.00
ONYX
   GROUP
ONYX HEALTHCARE  USA,
   INC. (ONYXHU)
Selling of medical computers
  and peripherals
100.00
100.00
ONYX
   GROUP
ONYX HEALTHCARE
   EUROPE  B. V. (ONYXHE)
Marketing support and  repairing of
  medical computers and peripherals
100.00
100.00

206
                              
 
     Investor    
    Subsidiary     
    Main business activities    
December 31, 2021 December 31, 2020 Remark
Ownership (%)
ONYX
   GROUP
ONYX HEALTHCARE
  (SHANGHAI) LTD.
  (ONYXSH)
Selling of medical computers and
  peripherals
100.00
100.00
ONYX
   GROUP
IHELPER INC. (IHELPER)
Researching, developing and selling
  of medical robots
46.00
46.00
ASUSCLOUD
   GROUP
ASUS CLOUD
   SINGAPORE PTE. LTD.
   (ASUSCLOUDSG)
Investing in internet service
  business
100.00
100.00
ASUSCLOUD
   GROUP
ASUS LIFE CORPORATION
   (ASUSLC)
Selling of internet information
  service
50.00
50.00
ASUSCLOUD
   GROUP
ASUS CLOUD
  (LUXEMBOURG)
  S. A R. L.
  (ASUSCLOUDLB)
Providing maintenance and
   operating service for information
   hardware
100.00
100.00
AIL
   GROUP
CHANNEL PILOT LIMITED
   (CHANNEL)
Investing in 3C business
100.00
100.00
AIL
   GROUP
ASUS TECHNOLOGY PTE.
   LIMITED (ASTP)
Investing in 3C business
100.00
100.00
AIL
   GROUP
ASUS MIDDLE EAST FZCO
   (ACAE)
Providing support and repair for
  3C products in Middle East
100.00
100.00
AIL
   GROUP
ASUS EGYPT L. L. C.
  (ACEG)
Providing support for 3C products
  in Egypt
100.00
100.00
AIL
   GROUP
ASUS COMPUTER GMBH
   (ACG)
Selling and providing support for
  3C products in Germany
100.00
100.00
AIL
   GROUP
ASUS FRANCE SARL (ACF)
Providing support for 3C products
  in France
100.00
100.00
AIL
   GROUP
ASUSTEK (UK) LIMITED
   (ACUK)
Providing support for 3C products
  in United Kingdom
100.00
100.00
AIL
   GROUP
ASUS TECHNOLOGY
   (HONG KONG) LIMITED
   (ACHK)
Providing support and repair for
  3C products in Hong Kong
100.00
100.00
AIL
   GROUP
ASUS KOREA CO., LTD.
   (ACKR)
Providing support and repair for
  3C products in South Korea
100.00
100.00
AIL
   GROUP
ASUS POLSKA SP. Z O. O.
   (ACPL)
Providing support for 3C products
   in Poland
100.00
100.00
AIL
   GROUP
ASUS TECHNOLOGY
   PRIVATE LIMITED (ACIN)
Providing support and repair for
  3C products in India
100.00
100.00
AIL
   GROUP
ASUS EUROPE B.V. (ACNL)
Selling of 3C products
100.00
100.00
AIL
   GROUP
ASUS TECHNOLOGY
   (VIETNAM) CO., LTD.
   (ACVN)
Providing support and repair for
  3C products in Vietnam
100.00
100.00
AIL
   GROUP
ASUSTEK ITALY S. R. L.
   (ACIT)
Providing support for 3C products
   in Italy
100.00
100.00
AIL
   GROUP
ASUS SPAIN, S. L. U. (ACIB) Providing support for 3C products
   in Spain
100.00
100.00
AIL
   GROUP
ASUS TECHNOLOGY
   (SUZHOU) CO., LTD.
   (ACSZ)
Researching and developing of
  3C products
100.00
100.00

207
                              
 
     Investor    
    Subsidiary     
    Main business activities    
December 31, 2021 December 31, 2020 Remark
Ownership (%)
AIL
   GROUP
ASUS JAPAN
   INCORPORATION (ACJP)
Selling of 3C products in Japan
100.00
100.00
AIL
   GROUP
ASUS COMPUTER CZECH
   REPUBLIC S. R. O. (ACCZ)
Providing support for 3C products
  in Czech Republic
100.00
100.00
AIL
   GROUP
ASUSTEK COMPUTER
   (SHANGHAI) CO., LTD.
   (ACSH)
Selling of 3C products in China
100.00
100.00
AIL
   GROUP
ASUS SERVICE AUSTRALIA
   PTY LIMITED (ASAU)
Repairing of 3C products in
  Australia
100.00
100.00
AIL
   GROUP
ASUS AUSTRALIA PTY
   LIMITED (ACAU)
Providing support for 3C products
   in Australia
100.00
100.00
AIL
   GROUP
ACBZ IMPORTACAO
   E COMERCIO LTDA.
   (ACBZ)
Selling of 3C products in Brazil
100.00
100.00
AIL
   GROUP
ASUS INDIA PRIVATE
   LIMITED (ASIN)
Selling of 3C products in India
100.00
100.00
AIL
   GROUP
ASUS ISRAEL
   (TECHNOLOGY) LTD.
   (ACIL)
Providing support for 3C products
   in Israel
100.00
100.00
AIL
   GROUP
ASUSTEK COMPUTER
   (CHONGQING) CO., LTD.
   (ACCQ)
Selling of 3C products in China
100.00
100.00
AIL
   GROUP
ASUS PERU S. A. C. (ACPE)
Providing support for 3C products
   in Peru
100.00
100.00
AIL
   GROUP
PT. ASUS SERVICE
  INDONESIA (ASID)
Repairing of 3C products in
  Asia-pacific and America
100.00
100.00
AIL
   GROUP
ASUS HOLDING MEXICO,
   S. A. DE C. V. (ACMH)
Selling of 3C products in Mexico
100.00
100.00
AIL
   GROUP
ASUS MEXICO, S. A. DE
   C. V. (ACMX)
Providing support for 3C products
   in Mexico
-
100.00
AIL
   GROUP
ASUS PORTUGAL,
   SOCIEDADE UNIPESSOAL
   LDA. (ACPT)
Providing support for 3C products
   in Portugal
100.00
100.00
AIL
   GROUP
ASUS HUNGARY SERVICES
   LIMITED LIABILITY
   COMPANY (ACHU)
Providing support for 3C products
   in Hungary
100.00
100.00
AIL
   GROUP
ASUS SWITZERLAND
   GMBH (ACCH)
Providing support for 3C products
   in Switzerland
100.00
100.00
AIL
   GROUP
ASUS NORDIC AB (ACN)
Providing support for 3C products
   in North Europe
100.00
100.00
AIL
   GROUP
ASUS COMPUTER
   COLOMBIA S. A. S.
   (ACCO)
Providing support for 3C products
   in Colombia
100.00
100.00
AIL
   GROUP
ASUS (THAILAND)
   CO., LTD. (ACTH)
Providing support for 3C products
   in Thailand
100.00
100.00
AIL
   GROUP
ASUSTEK  COMPUTERS
   (PTY) LIMITED  (ACZA)
Providing support and repair for
  3C products in Africa
100.00
100.00
AIL
   GROUP
ASUSTEK COMPUTER
   MALAYSIA SDN. BHD.
   (ACMY)
Providing support and repair for
  3C products in Malaysia
100.00
100.00

208
                              
 
 
Note: Percentage of ownership represents controlling shareholding ratio but not the 
comprehensive shareholding ratio. 
C. Subsidiaries not included in the consolidated financial statements: None. 
D. Adjustments for subsidiaries with different end of the financial reporting period: None. 
E. Significant restrictions on its ability to transfer the assets and liabilities to other entities within the 
Group: None. 
F. Subsidiaries that have non-controlling interests that are material to the Group: 
Non-controlling interests in each subsidiary are immaterial to the Group. 
(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 
     Investor    
    Subsidiary     
    Main business activities    
December 31, 2021 December 31, 2020 Remark
Ownership (%)
AIL
   GROUP
ASUS BILGISAYAR
   SISTEMLERI TICARET
   LIMITED SIRKETI
   (ACTR)
Providing support and repair for
  3C products in Turkey
100.00
100.00
AIL
   GROUP
ASUS CHILE SPA (ACCL)
Providing support for 3C products
   in Chile
100.00
100.00
AIL
   GROUP
ASUS TEKNOLOJI
   SERVISLERI TICARET
   LIMITED SIRKETI (ASTR)
Repairing of 3C products in
  Turkey
100.00
100.00
AIL
   GROUP
ASUS SERVICE (THAILAND)
   CO., LTD. (ASTH)
Repairing of 3C products in
   Thailand
100.00
100.00
AIL
   GROUP
ASUS PHILIPPINES
   CORPORATION (ASPH)
Providing support and repair for
  3C products in Philippines
100.00
100.00
AIL
   GROUP
QC SERVER AB (QCS)
Servicing of information technology
100.00
100.00
AIL
   GROUP
ASUS COMPUTER
   (SHANGHAI) CO., LTD.
   (ACS)
Repairing of 3C products
100.00
100.00
AIL
   GROUP
ASUS INVESTMENTS
  (SUZHOU) CO., LTD.
  (ACISZ)
Leasing real estate
100.00
100.00
AIL
   GROUP
ASUS CZECH SERVICE
   S. R. O. (ACCZS)
Repairing of 3C products in Europe
100.00
100.00
AIL
   GROUP
ASUS PROPERTIES
   (VIETNAM) LTD. (APVN)
Leasing and trading real estate
100.00
100.00
AIL
   GROUP
LIABILITY LIMITED
  COMPANY A25 (A25)
Selling of 3C products in Russia
100.00
100.00
AIL
   GROUP
ASUS UKRAINE LIMITED
   LIABILITY COMPANY
   (ACUKR)
Providing support for 3C products
   in Ukraine
100.00
-

209
                              
currency”). The consolidated financial statements are presented in “New Taiwan Dollars (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, except when deferred in other 
comprehensive income as qualifying cash flow hedges. 
(B) Monetary assets and liabilities denominated in foreign currencies are re-translated at the 
exchange rates prevailing at the end of the financial reporting period. Exchange differences 
arising upon re-translation are recognized in profit or loss. 
(C) Non-monetary assets and liabilities denominated in foreign currencies at fair value through 
profit or loss are re-translated at the exchange rates prevailing at the end of the financial 
reporting period. The translation differences are recognized in profit or loss as part of the fair 
value gain or loss. Non-monetary assets and liabilities at fair value through other 
comprehensive income are re-translated at the exchange rates prevailing at the end of the 
financial reporting period. The translation differences are recognized in other comprehensive 
income. However, non-monetary assets and liabilities denominated in foreign currencies that 
are not measured at fair value are translated using the historical exchange rates at the dates of 
the initial transactions. 
(D) All foreign exchange gains and losses are presented in the statement of comprehensive income 
within “other gains (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: 
a. Assets and liabilities for each balance sheets presented are translated at the closing exchange 
rate at the end of the financial reporting period; 
b. Income and expenses for each statement of comprehensive income are translated at average 
exchange rates of that period; and 
c. 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, if the Group still retains partial interests 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 these foreign operations.

210
                              
(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 interests in this foreign operation. In addition, if the Group still retains 
partial interests 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 these foreign 
operations. 
(5) Classification of current and non-current items 
A. Assets that meet one of the following criteria are classified as 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; 
(C) Assets that are expected to be realized within 12 months from the end of the financial reporting 
period; 
(D) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are 
to be exchanged or used to pay off liabilities more than 12 months after the end of the financial 
reporting period. 
Otherwise they are classified as non-current assets. 
B. Liabilities that meet one of the following criteria are classified as current liabilities: 
(A) Liabilities that are expected to be paid off within the normal operating cycle; 
(B) Liabilities arising mainly from trading activities; 
(C) Liabilities that are to be paid off within 12 months from the end of the financial reporting 
period; 
(D) Liabilities for which the repayment date cannot be extended unconditionally to more than 12 
months after the end of the financial reporting period. Terms of a liability that could, at the 
option of the counterparty, result in its settlement by the issue of equity instruments do not 
affect its classification. 
Otherwise they are classified as non-current liabilities. 
(6) Cash equivalents 
Cash equivalents refer to short-term highly liquid investments that are readily convertible to known 
amount of cash and subject to an insignificant risk of changes in value. Time deposits can be classified 
as cash equivalents if they meet the criteria mentioned above and are held for short-term cash 
commitments in operational purpose. 
(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.

211
                              
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. At initial recognition, the Group makes an irrevocable election to present in other comprehensive 
income subsequent changes in the fair value of an investment in an equity instrument that is not 
held for trading. The debt instruments are measured at fair value through other comprehensive 
income if both of the following conditions are met: 
(A) The objective of the Group’s business model is achieved by both collecting contractual cash 
flows and selling financial assets; and 
(B) The contractual terms of the financial asset give rise on specified dates to cash flows that are 
solely payments of principal and interest on the principal amount outstanding. 
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: 
(A) The changes in fair value of equity investments that are recognized in other comprehensive 
income are reclassified to retained earnings. When the equity instruments are derecognized 
the cumulative gain or loss previously recognized in other comprehensive income is not 
reclassified from equity to profit or loss. Dividends are recognized in revenue when the 
Group’s right to receive payment is established, it is probable the economic benefits associated 
with the dividend will flow to the Group and the amount of the dividend can be measured 
reliably. 
(B) The changes in fair value of debt instruments that were recognized in other comprehensive 
income. Before derecognition, impairment gains or losses, interest revenue and foreign 
exchange gains and losses are recognized in profit or loss. When the debt instruments are 
derecognized, the cumulative gain or loss previously recognized in other comprehensive 
income is reclassified from equity to profit or loss. 
(9) Financial assets measured at amortized costs 
A. Financial assets at amortized cost are those that meet all of the following criteria:

212
                              
(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 
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 accounts receivable that have a significant financing 
component, at each end of the financial reporting period, 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 the 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 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 cash flows from the financial asset has expired. 
B. The contractual rights to receive cash flows from the financial asset have been transferred and 
the Group has transferred substantially almost all risks and rewards of ownership of the financial 
asset. 
C. The contractual rights to receive cash flows from the financial asset have been transferred and 
the Group has not retained control of financial asset. 
(13) Leasing arrangements (lessor) – operating leases 
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.

213
                              
(14) Inventories 
Inventories are stated at the lower of cost and net realizable value. Cost is determined using the 
weighted-average method. The cost of finished goods and work in process comprises raw materials 
and other direct/indirect costs. It excludes borrowing costs. 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 cost of completion and applicable variable 
selling expenses. 
(15) Investments accounted for under equity method 
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% 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 or buys treasury stocks (including the Group does 
not acquire or dispose 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 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.

214
                              
F. Upon loss of significant influence over an associate, the Group remeasures any investment 
retained in the former associate at its fair value. Any difference between fair value and carrying 
amount is recognized in profit or loss. 
G. Upon loss of significant influence over an associate, the amounts previously recognized in other 
comprehensive income and as capital surplus in relation to the associate, are reclassified to profit 
or loss, on the same basis as would be required if the relevant assets or liabilities were disposed 
of. If it still retains significant influence over this associate, then the amounts previously 
recognized in other comprehensive income and as capital surplus in relation to the associate are 
reclassified to profit or loss proportionately. 
(16) Property, plant and equipment 
A. Property, plant and equipment are initially recorded at cost. Borrowing costs incurred during the 
construction period are 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. Except for land which 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. If each component of property, plant and equipment is significant, it should be 
depreciated separately. 
D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if 
appropriate, at the end of the financial reporting period. 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 buildings are 
10~60 years, machinery and equipment are 1~10 years and miscellaneous equipment are 1~20 
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 in 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

215
                              
are fixed payment, less any lease incentives receivable. The Group subsequently 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; 
(B) Any lease payments made at or before the commencement date; and 
(C) Any initial direct costs incurred by the lessee. 
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 to reflect the partial or full termination of the lease, and recognize 
the difference between remeasured lease liability in profit or loss. 
(18) Investment property 
An investment property is stated initially at its cost and measured subsequently using the cost model. 
Except for land, investment property is depreciated on a straight-line basis over its estimated useful 
life of 20~50 years. 
(19) Intangible assets 
A. Goodwill and trademark arise in a business combination accounted for by applying the 
acquisition method. 
B. Other intangible assets, mainly computer software, are amortized on a straight-line basis over 
their estimated useful lives of 1~10 years. 
(20) Impairment of non-financial assets 
A. The Group assesses at the end of the financial reporting period the recoverable amounts of those 
assets where there is an indication that they are impaired. An impairment loss is recognized at 
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 decrease, the impairment loss shall be reversed to the extent of the 
loss previously recognized in profit or loss. However, the reversal should not exceed the carrying 
amount, net of depreciation or amortization had the impairment not been recognized.

216
                              
B. The recoverable amounts of goodwill and intangible assets with an indefinite useful life shall be 
evaluated periodically. An impairment loss is recognized at 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. 
(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 trade payables 
A. Trade payables are liabilities for purchases of raw materials, goods or services and notes payable 
are those resulting from operating and non-operating activities.  
B. The short-term notes and trade payables 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 
The Group derecognizes a financial liability when the obligation specified in the contract is either 
discharged or cancelled or expires. 
(25) Offsetting financial assets and financial liabilities 
Financial assets and liabilities are offset and reported in the net amount in the balance sheets 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 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.

217
                              
(27) Hedge accounting 
A. At the inception of the hedging relationship, there is formal designation and documentation of 
the hedging relationship and the Group’s risk management objective and strategy for undertaking 
the hedge. That documentation shall include identification of the hedging instrument, the hedged 
item, the nature of the risk being hedged and how the Group will assess whether the hedging 
relationship meets the hedge effectiveness requirements.  
B. The Group designates the hedging relationship as cash flow hedge which is a hedge of the 
exposure to variability in cash flows that is attributable to a particular risk associated with a 
recognized asset or liability or a highly probable forecast transaction. 
C. Cash flow hedges 
(A) The cash flow hedge reserve associated with the hedged item is adjusted to the lower of the 
following (in absolute amounts): 
a. The cumulative gain or loss on the hedging instrument from inception of the hedge; and 
b. The cumulative change in fair value of the hedged item from inception of the hedge. 
(B) The effective portion of the gain or loss on the hedging instrument is recognized in other 
comprehensive income. The gain or loss on the hedging instrument relating to the ineffective 
portion is recognized in profit or loss. 
(C) The amount that has been accumulated in the cash flow hedge reserve in accordance with (A) 
is accounted for as follows: 
a. If a hedged forecast transaction subsequently results in the recognition of a non-financial 
asset or non-financial liability, or a hedged forecast transaction for a non-financial asset 
or non-financial liability becomes a firm commitment for which fair value hedge 
accounting is applied, the Group shall remove that amount from the cash flow hedge 
reserve and include it directly in the initial cost or other carrying amount of the asset or 
liability. 
b. For cash flow hedges other than those covered by a. above, that amount shall be 
reclassified from the cash flow hedge reserve to profit or loss as a reclassification 
adjustment in the same period or periods during which the hedged expected future cash 
flows affect profit or loss. 
c. If that amount is a loss and the Group expects that all or a portion of that loss will not be 
recovered in one or more future periods, it shall immediately reclassify the amount that 
is not expected to be recovered into profit or loss as a reclassification adjustment. 
(D) When the hedging instrument expires, or is sold, terminated, exercised or when the hedging 
relationship ceases to meet the qualifying criteria, if the forecast transaction is still expected 
to occur, the amount that has been accumulated in the cash flow hedge reserve shall remain 
in the cash flow hedge reserve until the forecast transaction occurs; if the forecast transaction 
is no longer expected to occur, the amount shall be immediately reclassified from the cash 
flow hedge reserve to profit or loss as a reclassification adjustment.

218
                              
(28) Provisions for liabilities 
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 estimated. Provisions are measured at 
the present value of the expenditures expected to be required to settle the obligation at the end of 
the financial reporting period, 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 in interest 
expense. Future operating losses shall not be recognized as provisions for liabilities. 
(29) 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 in 
expenses in that period when the employees render service. 
B. Pensions 
(A) Defined contribution plans 
For defined contribution plans, the contributions are recognized in pension expenses when 
they are due on an accrual basis. Prepaid contributions are recognized as an asset to the extent 
of a cash refund or a reduction in the future payments. 
(B) Defined benefit plans 
a. The liability recognized in the balance sheets in respect of defined benefit pension plans 
is the present value of the defined benefit obligation at the end of the financial reporting 
period less the fair value of plan assets. The defined benefit obligation is calculated 
annually by independent actuaries using the projected unit credit method. The present 
value of the defined benefit obligation is determined by discounting the estimated future 
cash follow using interest rates of government bonds or interest rates of return of high-
quality investments that have terms to maturity approximating to the terms of the related 
pension liability. 
b. Remeasurements arising on defined benefit plans are recognized in other comprehensive 
income in the period in which they arise and are recorded as other equity. 
c. Prior 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 when it

219
                              
can no longer withdraw an offer of termination benefits or it recognizes related restructuring 
costs, whichever is earlier. Benefits that are expected to be due more than 12 months after 
financial reporting date shall be discounted to their present value.  
D. Employees’ compensation and directors’ remuneration  
Employees’ compensation and directors’ remuneration are recognized in expenses and as 
liabilities, provided that such recognition is required under legal or constructive obligation and 
those amounts can be reliably estimated. Any difference between the resolved amounts and the 
subsequently actual distributed amounts is accounted for as changes in estimates. If employee 
compensation is distributed by shares, the Group calculates the number of shares based on the 
closing price at the previous day of the board meeting resolution. 
(30) Employee share-based payment 
A. For the equity-settled share-based payment arrangements, the employee services received are 
measured at the fair value of the equity instruments granted at the grant date, and are recognized 
in compensation cost over the vesting period, with a corresponding adjustment to equity. The fair 
value of the equity instruments granted shall reflect the impact of market vesting conditions and 
non-market vesting conditions. Compensation cost is subject to adjustment based on the service 
conditions that are expected to be satisfied and the estimates of the number of equity instruments 
that are expected to vest under the non-market vesting conditions at the end of the financial 
reporting period. Ultimately, the amount of compensation cost recognized is based on the number 
of equity instruments that eventually vest. 
B. Restricted stocks: 
(A) The issued subsidiary uses the date notifying employees the number of shares of employees’ 
stock bonus as the grant date. 
(B) Restricted stocks issued to employees are measured at the fair value of the equity instruments 
granted at the grant date, and are recognized in compensation cost over the vesting period. 
(C) For restricted stocks where those stocks do not restrict distribution of dividends to employees 
and employees are not required to return the dividends received if they resign during the 
vesting period, the Group recognizes the fair value of the dividends received by the 
employees who are expected to resign during the vesting period as compensation cost at the 
date of dividends declared. 
(D) For restricted stocks where employees have to pay to acquire those stocks, if employees 
resign during the vesting period, they must return the stocks to the issued subsidiaries and 
the issued subsidiaries must refund their payments on the stocks, the issued subsidiary 
recognizes the payments from the employees who are expected to resign during the vesting 
period as liabilities at the grant date, and recognizes the payments from the employees who 
are expected to be eventually vested with the stocks in “capital surplus - others”.

220
                              
(31) 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 charge is calculated on the basis of the tax laws enacted or substantively 
enacted at the end of the financial reporting period in the countries where the Company 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 shareholders resolve to retain the earnings. 
C. Deferred income tax is recognized, using the balance sheets liability method, on temporary 
differences arising between the tax bases of assets and liabilities and their carrying amounts in 
the consolidated financial statements. However, the deferred income 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 income 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 income tax is determined using tax rates that have been enacted or 
substantially enacted by the end of the financial reporting period and are expected to apply when 
the related deferred income tax asset is realized or the deferred income tax liability is settled. 
D. Deferred income 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 the end of the 
financial reporting period, unrecognized and recognized deferred income tax assets are 
reassessed. 
E. Current income tax assets and liabilities are offset and the net amount is reported in the balance 
sheets 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 income tax assets and liabilities are offset on the balance sheets 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. 
F. A deferred tax asset shall be recognized for the carryforward of unused tax credits resulting from 
research and development expenditures to the extent that it is possible that future taxable profit

221
                              
will be available against which the unused tax credits can be utilized. 
(32) Dividends 
Dividends are recorded in the Company’s financial statements in the period in which they are 
resolved by the Company’s shareholders. Cash dividends are recorded as liabilities; stock dividends 
are recorded as stock dividends to be distributed and are reclassified to ordinary shares on the 
effective date of new shares issuance. 
(33) Revenue recognition 
Sales of goods 
A. The Group is engaged in the selling of 3C 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 the sale of 3C products is recognized based on the price specified in the contract, 
net of the estimated volume discounts and sales discounts. Historical experience is usually used 
to estimate the discounts and returns. A refund liability is recognized at expected sales discounts 
payable to customers in relation to sales made until the end of the reporting period. The sales 
are made mainly with a credit term of open account 30 to 180 days. As the time interval between 
the transfer of committed goods or services 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. 
C. The Group’s obligation to provide a repair for faulty products under the standard warranty terms 
is recognized as a provision.  
D. 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. 
(34) Business combinations 
A. The Group uses the acquisition method to account for business combinations. The consideration 
transferred for an acquisition is measured as the fair value of the assets transferred, liabilities 
incurred or assumed and equity instruments issued at the acquisition date, plus the fair value of 
any assets and liabilities resulting from a contingent consideration arrangement. All acquisition-
related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent 
liabilities assumed in a business combination are measured initially at their fair values at the 
acquisition date. For each business combination, the Group measures at the acquisition date

222
                              
components of non-controlling interests in the acquiree that are present ownership interests and 
entitle their holders to the proportionate share of the entity’s net assets in the event of liquidation 
at either fair value or the present ownership instruments’ proportionate share in the recognized 
amounts of the acquiree’s identifiable net assets. All other non-controlling interests should be 
measured at the acquisition-date fair value. 
B. If the total of the fair values of the consideration of acquisition and any non-controlling interests 
in the acquiree as well as the acquisition-date fair value of any previous equity interest in the 
acquiree is higher than the fair value of the Group’s share of the identifiable net assets acquired 
and liabilities assumed, the difference is recorded as goodwill, if the total of the fair values of 
the consideration of acquisition and any non-controlling interests in the acquiree as well as the 
acquisition-date fair value of any previous equity interest in the acquiree is higher than the fair 
value of the Group’s share of the identifiable net assets acquired and liabilities assumed, the 
difference is recorded as profit. 
(35) Operating segments 
Operating segments are reported in a manner consistent with the internal management reports 
provided to the chief operating decision-maker. The chief operating decision-maker is responsible 
for allocating resources and assessing performance of the operating segments. 
5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION 
UNCERTAINTY 
The preparation of these consolidated financial statements requires management to make critical 
judgements in applying the Group’s accounting policies and make critical assumptions at the end of the 
financial reporting period and estimates concerning future events. The resulting accounting estimates 
and assumptions might be different from the actual results, and will be continually evaluated and adjusted 
based on historical experience and other factors; and the related information is addressed below:  
Critical accounting estimates and assumptions: 
A. Revenue recognition 
The Group estimates sales related refund liabilities for sales returns and discounts based on historical 
results and other known factors. Provisions for such liabilities are recorded as a deduction item to 
sales revenues when the sales are recognized. The Group reassesses the reasonableness of estimates 
of discounts and returns periodically.  
As of December 31, 2021, the Group recognized $32,142,958 as refund liabilities related to sales 
returns and discounts. 
B. Evaluation of inventories 
Due to the rapid technology innovation, the Group evaluates the amounts of normal inventory 
consumption, obsolete inventories or inventories without market selling value at the end of the 
financial reporting period, and writes down the cost of inventories to the net realizable value. Such

223
                              
an evaluation of inventories is principally based on the demand for the products within the specified 
period in the future. Therefore, there might be a difference against actual result. 
As of December 31, 2021, the carrying amount of inventories was $167,315,529. 
6. DETAILS OF SIGNIFICANT ACCOUNTS 
(1) Cash and cash equivalents 
 
The Group has no cash and cash equivalents pledged to others. 
(2) Financial assets and liabilities at fair value through profit or loss 
 
 
A. The hybrid instrument is a hybrid contract consisting of unlisted and non-OTC stocks of V-NET 
AAEON and embedded options. The Group and stockholders of V-NET AAEON have the right 
to sell or buy stocks at original transaction price. Refer to Note 12(3) 7 for the fair value on 
December 31, 2021 and 2020. 
B. Amounts recognized in profit or loss in relation to financial assets and liabilities at fair value 
through profit or loss are listed below: 
December 31, 2021
December 31, 2020
Cash on hand and petty cash
7,615
$                     
6,492
$                     
Checking accounts and demand deposits
28,483,055
              
29,119,590
              
Time deposits
39,251,983
              
27,603,227
              
Others
69,590
                     
50,155
                     
67,812,243
$            
56,779,464
$            
December 31, 2021
December 31, 2020
Financial assets mandatorily measured at fair value
   through  profit or loss - current:
   Listed and OTC stocks
469,779
$                 
507,121
$                 
   Unlisted and non-OTC stocks
5,664
                       
6,144
                       
   Beneficiary certificates
3,653,306
                
19,456,752
              
   Derivatives
122,215
                   
9,686
                       
4,250,964
$              
19,979,703
$            
Financial assets mandatorily measured at fair value 
   through profit or loss - non-current:
   Listed and OTC stocks
1,658
$                     
1,121
$                     
   Unlisted and non-OTC stocks
55,765
                     
57,621
                     
   Beneficiary certificates
2,817,693
                
42,988
                     
   Hybrid instruments
9,452
                       
11,018
                     
2,884,568
$              
112,748
$                 
Financial liabilities held for trading - current:
  Derivatives
232,687
$                 
938,214
$

224
                              
 
C. The Group entered into contracts relating to derivative financial assets and liabilities which were 
not accounted for under hedge accounting. The information is listed below: 
December 31, 2021
December 31, 2020
Financial assets and liabilities mandatorily measured at 
   fair value through profit or loss
   Equity instruments
35,974)
($                   
36,006)
($                   
   Beneficiary certificates
18,207
                     
34,626
                     
   Derivatives
1,246,327
                
2,245,410)
(                
   Hybrid instruments
1,566)
(                       
90
                           
1,226,994
$              
2,246,700)
($              
Years Ended
Maturity
Maturity
period
period
 Derivative financial assets:
    -CAD/USD
CAD
49,200
            
2022/02
CAD
-
                      
-
    -NTD/USD
USD
190,000
           
2022/04
USD
-
                      
-
    -EUR/USD
EUR
235,000
           
2022/03
EUR
-
                      
-
    -PLN/USD
PLN
-
                      
-
PLN
65,000
            
2021/02
    -CNH/USD
CNH
302,561
           
2022/01
CNH
-
                      
-
    -RUB/USD
RUB
1,663,418
        
2022/01
RUB
1,106,165
        
2021/01
    -JPY/USD
JPY
2,112,908
        
2022/01
JPY
-
                      
-
  Currency option contracts
    -CNH/USD
CNH
737,160
           
2022/03
CNH
-
                      
-
    -EUR/USD
EUR
44,000
            
2022/03
EUR
-
                      
-
    -RUB/USD
RUB
1,960,020
        
2022/02
RUB
-
                      
-
 Derivative financial liabilities:
    -CAD/USD
CAD
-
                      
-
CAD
151,500
           
2021/08
    -NTD/USD
USD
658,000
           
2022/04
USD
750,000
           
2021/05
    -EUR/USD
EUR
175,000
           
2022/03
EUR
280,000
           
2021/04
    -GBP/USD
GBP
39,000
            
2022/02
GBP
51,000
            
2021/03
    -CNH/USD
CNH
140,917
           
2022/01
CNH
-
                      
-
    -IDR/USD
IDR
1,279,955,000
 
2022/01
IDR
796,109,000
    
2021/01
    -INR/USD
INR
10,218,217
      
2022/01
INR
7,229,928
        
2021/02
    -SEK/USD
SEK
26,420
            
2022/02
SEK
64,000
            
2021/01
    -PLN/USD
PLN
184,000
           
2022/02
PLN
65,000
            
2021/01
    -CHF/USD
CHF
650
                 
2022/01
CHF
2,100
              
2021/01
    -AUD/USD
AUD
22,000
            
2022/02
AUD
26,000
            
2021/02
    -THB/USD
THB
400,000
           
2022/01
THB
-
                      
-
    -JPY/USD
JPY
-
                      
-
JPY
3,105,145
        
2021/01
    -MXN/USD
MXN
50,000
            
2022/01
MXN
-
                      
-
  Forward exchange contracts
  Forward exchange contracts
December 31, 2021
December 31, 2020
Contract amount
Contract amount
(in thousands)
(in thousands)

225
                              
 
 
(A) Forward exchange contracts 
The Group entered into forward exchange contracts to sell various forward foreign currencies 
to hedge exchange rate risk of import and export proceeds. However, these forward exchange 
contracts are not accounted for under hedge accounting. 
(B) Currency option contracts 
The Group entered into currency option contracts to buy foreign currency put options and sell 
foreign currency call options or put options, which will be performed in the future according 
to the agreed price and conditions, leverage ratio and settlement date. The purpose of the 
Group's undertaking of the above transactions is to hedge exchange rate risk of import and 
export proceeds. However, these currency option contracts are not accounted for under hedge 
accounting. The Group has implemented risk control over currency options, and no significant 
operational risks have been assessed. 
D. The Group has no financial assets at fair value through profit or loss pledged to others. 
(3) Financial assets at fair value through other comprehensive income 
 
A. The Group has elected to classify above investments that are considered to be strategic 
investments and steady dividend income as financial assets at fair value through other 
comprehensive income. The fair value of such investments amounted to $75,652,456 and 
$72,119,405 on December 31, 2021 and 2020, respectively. 
B. The Group sold ADVANTECH investment with a fair value of $2,754,909 in September 2021, 
Maturity
Maturity
period
period
December 31, 2021
December 31, 2020
Contract amount
Contract amount
(in thousands)
(in thousands)
  Currency option contracts
    -CNH/USD
CNH
1,922,801
        
2022/03
CNH
1,649,436
        
2021/04
    -EUR/USD
EUR
-
                      
-
EUR
40,000
            
2021/02
    -AUD/USD
AUD
36,000
            
2022/03
AUD
12,000
            
2021/01
December 31, 2021
December 31, 2020
Equity instruments - current:
   Listed and OTC stocks
299,495
$                 
305,839
$                 
   Valuation adjustment
1,331,498
                
978,809
                   
1,630,993
$              
1,284,648
$              
Equity instruments - non-current:
   Listed and OTC stocks
26,918,812
$            
27,274,828
$            
   Unlisted and non-OTC stocks
654,874
                   
714,504
                   
27,573,686
              
27,989,332
              
   Valuation adjustment
46,447,777
              
42,845,425
              
74,021,463
$            
70,834,757
$

226
                              
and the difference on disposal amounting to $2,400,905 was transferred from accumulated other 
comprehensive income to retained earnings. 
C. Amounts recognized in profit or loss in relation to the financial assets at fair value through other 
comprehensive income are listed below: 
 
D. The Group has no financial assets at fair value through other comprehensive income pledged to 
others. 
(4) Financial assets at amortized cost 
 
A. Amounts recognized in profit or loss in relation to financial assets at amortized cost are listed 
below: 
 
B. The Group has no financial assets at amortized cost pledged to others. 
C. As of December 31, 2021 and 2020, without taking into account any collateral held or other credit 
enhancements, the maximum exposure to credit risk in respect of the amount that best represents 
the financial assets at amortized cost held by the Group were $8,355,419 and $4,315,316, 
respectively. 
D. Information about credit risk of financial assets at amortized cost is provided in Note 12(2). 
December 31, 2021
December 31, 2020
Reclassified from other equity to retained earnings 
2,422,569
$              
17,942)
($                   
  due to disposal
  
  
Dividends from investments recognized in
2,859,054
$              
2,860,030
$              
  profit or loss held at end of the year
  
  
Years Ended 
Items
December 31, 2021
December 31, 2020
Current items:
  Time deposits with original maturity period of more 
125,500
$                 
151,500
$                 
     than three months
   
   
Non-current items:
  Corporate bonds
8,322,845
$              
4,224,004
$              
  Less: Accumulated impairment
92,926)
(                     
60,188)
(                     
8,229,919
$              
4,163,816
$              
December 31, 2021
December 31, 2020
Interest income
134,336
$                 
16,716
$                   
Impairment loss
45,342)
(                     
62,447)
(                     
Gains on disposal of investments
5,712
                       
-
                              
94,706
$                   
45,731)
($                   
Years Ended

227
                              
(5) Hedging financial assets and liabilities 
 
A. Hedge accounting is applied to reduce the effect of accounting inconsistency between the hedging 
instrument and the hedged item. The Group entered into forward exchange contracts to manage 
its foreign currency exposure in respect of forecasted sales transactions. When forecasted sales 
transactions occur, the carrying amount of the non-financial hedged items should be adjusted 
accordingly. 
B. Transaction information associated with the Group adopting hedge accounting is as follows: 
 
The average exchange rate of hedging instruments used by the Group is based on the consideration 
of future exchange rate fluctuation of the hedged items. 
 
 
December 31, 2021
December 31, 2020
Financial assets - current
  Cash flow hedges - Forward exchange contracts
494,819
$                 
14,234
$                   
Financial liabilities - current
  Cash flow hedges - Forward exchange contracts
58,036)
(                     
823,640)
(                   
436,783
$                 
809,406)
($                 
Maturity
Maturity
Hedging instruments
period
period
Cash flow hedges:
  Hedging financial assets
      -EUR/USD
EUR
472,000
           
2022/06
EUR
-
                      
-
      -PLN/USD
PLN
113,000
           
2022/03
PLN
91,000
            
2021/06
      -GBP/USD
GBP
64,000
            
2022/03
GBP
3,000
              
2021/06
      -JPY/USD
JPY
4,910,000
        
2022/03
JPY
-
                      
-
      -RUB/USD
RUB
3,137,000
        
2022/03
RUB
1,704,000
        
2021/03
      -SEK/USD
SEK
97,000
            
2022/03
SEK
-
                      
-
      -AUD/USD
AUD
17,300
            
2022/03
AUD
-
                      
-
  Hedging financial liabilities
      -AUD/USD
AUD
28,200
            
2022/03
AUD
56,000
            
2021/03
      -EUR/USD
EUR
121,000
           
2022/06
EUR
595,500
           
2021/06
      -GBP/USD
GBP
50,000
            
2022/06
GBP
85,000
            
2021/06
      -RUB/USD
RUB
658,000
           
2022/03
RUB
1,347,500
        
2021/03
      -SEK/USD
SEK
68,000
            
2022/06
SEK
148,500
           
2021/06
      -PLN/USD
PLN
125,000
           
2022/06
PLN
132,200
           
2021/06
      -JPY/USD
JPY
-
                      
-
JPY
6,650,000
        
2021/03
     Forward exchange contracts
     Forward exchange contracts
December 31, 2021
December 31, 2020
Contract amount
Contract amount
(in thousands)
(in thousands)

228
                              
C. Cash flow hedges 
 
D. As the hedging instrument expires, the hedging relationship ceases to meet the qualifying criteria. 
If the forecast transaction is still expected to occur, the amount that has been accumulated in the 
gains (losses) on hedging instruments shall remain in other comprehensive income until the 
forecast transaction occurs; if the forecast transaction is no longer expected to occur, the amount 
shall be immediately reclassified from the gains (losses) on hedging instruments to other gains - 
hedge ineffectiveness. 
(6) Notes and trade receivables 
 
A. The ageing analysis of notes and trade receivables is as follows: 
 
B. As of December 31, 2021, December 31, 2020 and January 1, 2020, the balances of notes and 
trade receivables from contracts with customers amounted to $94,725,257, $77,323,791, and 
$72,246,916, respectively. 
C. The Group does not hold financial assets as security for trade receivables. 
D. As of December 31, 2021 and 2020, without taking into account any collateral held or other credit 
enhancements, the maximum exposure to credit risk in respect of the amount that best represents 
the Group’s notes receivable were $4,158,733 and $4,257,331, respectively. The maximum 
exposure to credit risk in respect of the amount that best represents the Group’s trade receivables 
2021
2020
Other equity - hedge effectiveness
  January 1
809,406)
($                 
305,856)
($                 
  Gains (losses) on hedge instrument
1,246,189
                
503,550)
(                   
  December 31
436,783
$                 
809,406)
($                 
  Other gains - hedge ineffectiveness
4,060
$                     
11,870
$                   
December 31, 2021
December 31, 2020
Notes receivable
4,245,632
$              
4,344,878
$              
Trade receivables
90,479,625
              
72,978,913
              
94,725,257
              
77,323,791
              
Less: Loss allowance
1,482,685)
(                
1,221,457)
(                
93,242,572
$            
76,102,334
$            
December 31, 2021
December 31, 2020
Not past due
83,639,068
$            
69,297,840
$            
Less than 90 days past due
9,728,133
                
6,884,090
                
Between 91 and 180 days past due
363,934
                   
112,141
                   
More than 181 days past due
994,122
                   
1,029,720
                
94,725,257
$            
77,323,791
$

229
                              
were $89,083,799 and $71,845,003, respectively. 
E. Information about credit risk of notes and trade receivables is provided in Note 12(2). 
(7) Offsetting financial assets and financial liabilities 
A. The Group has assets (fair value of $52,022,442 and $28,862,320 as of December 31, 2021 and 
2020, respectively) from and liabilities (fair value of $63,802,497 and $35,649,312 as of 
December 31, 2021 and 2020, respectively) to certain companies that meet the offsetting criteria 
in paragraph 42 of IAS 32, recognized as trade receivables and notes and trade payables at net 
amounts after the offsetting. 
B. The recognition information of the Group due to net delivery agreement is expressed as follows: 
 
(8) Inventories 
Gross
Not set off
Gross
amount of
Net amount
 in the
amount of
financial
Net amount
of financial
 balance sheet:
financial
liabilities
of financial
liabilities
collateral
assets (before
(before
Offsetting
assets (after
(after
(received)
offsetting)
offsetting)
amount
offsetting)
offsetting)
/provided
December 31, 2021
52,022,442
$    
63,802,497)
($  
50,782,866)
($  
1,239,576
$     
13,019,631)
($   
-
$                    
December 31, 2020
28,862,320
      
35,649,312)
(    
28,667,684)
(    
194,636
          
6,981,628)
(       
-
                      
Trade receivables, notes and trade payables with offsetting right
Allowance for
Cost
 valuation loss
Book value
Raw materials
90,528,330
$       
7,566,347)
($         
82,961,983
$       
Work in process
3,442,159
           
188,270)
(             
3,253,889
           
Finished goods
3,531,945
           
209,210)
(             
3,322,735
           
Merchandise inventories
82,428,807
         
7,434,425)
(           
74,994,382
         
Inventories in transit
2,782,540
           
-
                         
2,782,540
           
182,713,781
$     
15,398,252)
($       
167,315,529
$     
December 31, 2021

230
                              
 
Except for cost of goods sold, the Group recognized in expenses and losses of inventories from 
continued and discontinued operations in the amounts of $4,626,691 and ($1,267,794), of which 
$4,610,599 and ($1,609,832) pertain to the decline (recovery) in value of inventories for the years 
ended December 31, 2021 and 2020, respectively. The realizable value of inventory elevated which 
was accounted for as reduction of cost of goods sold because some inventories with allowance for 
valuation loss had been sold during the year ended December 31, 2020. 
(9) Investments accounted for under equity method 
 
A. The Group’s associates are all immaterial, and the summary on financial information of share 
attributable to the Group is as follows: 
 
B. The fair value of the Group’s associates which have quoted market price is as follows: 
 
C. The Group is the single largest shareholder of IBASE, NEXTS, EMC, UPI and LELTEKH with a 
31.91%, 43.48%, 17.78%, 33.79% and 22.78% equity interest, respectively. Given that the degree 
of other shareholders involvement in prior stockholders’ meeting and record of voting rights for 
major proposals, which indicates that the Group has no substantial ability to direct the relevant 
activities, the Group has no control, but only has significant influence, over the companies. 
Allowance for
Cost
 valuation loss
Book value
Raw materials
53,815,718
$       
5,571,672)
($         
48,244,046
$       
Work in process
2,956,668
           
176,525)
(             
2,780,143
           
Finished goods
2,967,652
           
243,271)
(             
2,724,381
           
Merchandise inventories
46,732,154
         
5,039,765)
(           
41,692,389
         
Inventories in transit
1,868,794
           
-
                         
1,868,794
           
108,340,986
$     
11,031,233)
($       
97,309,753
$       
December 31, 2020
December 31, 2021
December 31, 2020
Associates
19,891,181
$            
16,467,905
$            
December 31, 2021
December 31, 2020
Profit (loss)  for the year
2,255,878
$              
647,293
$                 
Other comprehensive income (loss) for the year 
266,707
                   
1,429,455
                
   (net of income tax)
 
 
Total comprehensive income (loss) for the year 
2,522,585
$              
2,076,748
$              
Years Ended
December 31, 2021
December 31, 2020
Fair value of associates
38,802,479
$            
10,658,393
$

231
                              
(10) Property, plant and equipment 
 
 
Construction in 
progress and 
Machinery
Miscellaneous equipment under
Land
Buildings
and equipment
equipment
installation
Total
January 1, 2021
Cost
7,421,590
$ 
11,753,068
$ 
8,645,857
$      
4,868,516
$    
465,606
$           
33,154,637
$  
Accumulated depreciation
-
                 
3,404,419)
(     
5,175,267)
(        
3,552,060)
(      
-
                        
12,131,746)
(    
  and impairment
 
 
 
 
 
 
7,421,590
$ 
8,348,649
$   
3,470,590
$      
1,316,456
$    
465,606
$           
21,022,891
$  
January 1, 2021
7,421,590
$ 
8,348,649
$   
3,470,590
$      
1,316,456
$    
465,606
$           
21,022,891
$  
Acquisitions
258,706
     
370,196
       
608,586
           
471,124
        
279,665
             
1,988,277
      
Disposals
-
                 
-
                   
311,109)
(           
20,636)
(          
-
                        
331,745)
(        
Depreciation
-
                 
336,485)
(       
1,685,869)
(        
481,282)
(        
-
                        
2,503,636)
(      
Impairment
-
                 
-
                   
545,010)
(           
883)
(               
-
                        
545,893)
(        
Reclassifications
-
                 
3,084)
(           
56,781
            
42,542
          
166,052)
(             
69,813)
(          
Net exchange differences
15,847)
(       
80,313)
(         
21,136)
(            
17,926)
(          
4,228)
(                
139,450)
(        
December 31, 2021
7,664,449
$ 
8,298,963
$   
1,572,833
$      
1,309,395
$    
574,991
$           
19,420,631
$  
December 31, 2021
Cost
7,664,449
$ 
12,006,580
$ 
8,072,577
$      
5,020,723
$    
574,991
$           
33,339,320
$  
Accumulated depreciation 
-
                 
3,707,617)
(     
6,499,744)
(        
3,711,328)
(      
-
                        
13,918,689)
(    
  and impairment
 
 
 
 
 
 
  
7,664,449
$ 
8,298,963
$   
1,572,833
$      
1,309,395
$    
574,991
$           
19,420,631
$  
Construction in 
progress and 
Machinery
Miscellaneous equipment under
Land
Buildings
and equipment
equipment
installation
Total
January 1, 2020
Cost
7,448,252
$ 
11,289,495
$ 
8,420,605
$      
4,405,767
$    
1,627,648
$        
33,191,767
$  
Accumulated depreciation
-
                 
3,165,912)
(     
4,386,384)
(        
3,285,028)
(      
-
                        
10,837,324)
(    
  and impairment
 
 
 
 
 
 
7,448,252
$ 
8,123,583
$   
4,034,221
$      
1,120,739
$    
1,627,648
$        
22,354,443
$  
January 1, 2020
7,448,252
$ 
8,123,583
$   
4,034,221
$      
1,120,739
$    
1,627,648
$        
22,354,443
$  
Acquisitions
-
                 
548,126
       
943,192
           
676,178
        
604,732
             
2,772,228
      
Disposals
-
                 
-
                   
5,049)
(              
21,591)
(          
-
                        
26,640)
(          
Depreciation
-
                 
320,728)
(       
1,498,337)
(        
469,305)
(        
-
                        
2,288,370)
(      
Impairment
-
                 
-
                   
7,389)
(              
7,132)
(            
-
                        
14,521)
(          
Reclassifications
-
                 
33,181
         
31,430)
(            
18,854
          
1,764,541)
(          
1,743,936)
(      
Effects due to changes in
  consolidated entities
-
                 
-
                   
-
                      
66
                 
-
                        
66
                 
Net exchange differences
26,662)
(       
35,513)
(         
35,382
            
1,353)
(            
2,233)
(                
30,379)
(          
December 31, 2020
7,421,590
$ 
8,348,649
$   
3,470,590
$      
1,316,456
$    
465,606
$           
21,022,891
$  
December 31, 2020
Cost
7,421,590
$ 
11,753,068
$ 
8,645,857
$      
4,868,516
$    
465,606
$           
33,154,637
$  
Accumulated depreciation 
-
                 
3,404,419)
(     
5,175,267)
(        
3,552,060)
(      
-
                        
12,131,746)
(    
  and impairment
 
 
 
 
 
 
  
7,421,590
$ 
8,348,649
$   
3,470,590
$      
1,316,456
$    
465,606
$           
21,022,891
$

232
                              
A. After evaluating and comparing the carrying amount of property, plant and equipment and its 
recoverable amounts, the Group recognized impairment loss amounting to $545,893 and $14,521 
for the years ended December 31, 2021 and 2020, respectively. 
B. Information about the property, plant and equipment that were pledged to others as collateral is 
provided in Note 8. 
(11) Leasing arrangements - lessee 
A. The Group leases various assets including buildings, transportation equipment, miscellaneous 
equipment, land use right, and so on. Rental contracts are typically made for periods of 1 to 50 
years. 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. Right-of-use-assets 
 
 
 
 
Machinery
Transportation Miscellaneous
Land use
Buildings
and equipment
equipment
equipment
right
Total
January 1, 2021
917,667
$    
-
$                    
28,664
$         
4,152
$          
289,967
$    
1,240,450
$ 
Acquisitions
629,553
      
454,333
          
6,479
             
1,073
            
9,206
          
1,100,644
   
Disposals
28,537)
(        
-
                      
-
                    
1,353)
(            
-
                 
29,890)
(        
Depreciation
474,066)
(      
68,150)
(            
15,716)
(           
881)
(              
10,637)
(        
569,450)
(      
Reclassifications
8,882
          
-
                      
-
                    
-
                   
3,963
          
12,845
        
Net exchange
28,922)
(        
-
                      
1,463)
(             
131)
(              
2,279)
(          
32,795)
(        
   differences
  
  
  
  
  
  
December 31, 2021
1,024,577
$ 
386,183
$        
17,964
$         
2,860
$          
290,220
$    
1,721,804
$ 
Transportation
Office
Other
Land use
Buildings
equipment
equipment
equipment
right
Total
January 1, 2020
1,108,811
$ 
27,908
$           
1,626
$           
3,462
$          
1,875,047
$ 
3,016,854
$ 
Acquisitions
337,261
      
16,598
            
2,380
             
-
                   
-
                 
356,239
      
Disposals
13,486)
(        
1,207)
(              
-
                    
-
                   
-
                 
14,693)
(        
Depreciation
509,083)
(      
15,347)
(            
730)
(                
2,618)
(            
52,195)
(        
579,973)
(      
Reclassifications
-
                 
-
                      
-
                    
-
                   
1,529,001)
(   
1,529,001)
(   
Net exchange
5,836)
(          
712
                 
32
                  
-
                   
3,884)
(          
8,976)
(          
   differences
  
  
  
  
  
  
December 31, 2020
917,667
$    
28,664
$           
3,308
$           
844
$             
289,967
$    
1,240,450
$

233
                              
C. The information on income and expense accounts relating to lease contracts is as follows: 
 
D. For the years ended December 31, 2021 and 2020, the Group’s total cash outflow for leases was 
$812,395 and $745,549, respectively. 
(12) Intangible assets 
 
December 31, 2021
December 31, 2020
Items affecting profit or loss
Interest expense on lease liabilities
35,395
$                   
34,215
$                   
Expense on short-term lease contracts
212,790
                   
191,142
                   
Expense on leases of low-value assets
3,972
                       
2,982
                       
(Gain) loss on lease modification
318)
(                          
5,003)
(                       
Years Ended 
Trademark
Computer software
Goodwill
Others
Total
January 1, 2021
Cost
355,103
$     
2,264,655
$           
1,163,497
$  
933,400
$     
4,716,655
$  
Accumulated amortization
-
                  
1,895,880)
(             
-
                  
638,329)
(       
2,534,209)
(    
   and impairment
 
 
 
 
 
355,103
$     
368,775
$              
1,163,497
$  
295,071
$     
2,182,446
$  
January 1, 2021
355,103
$     
368,775
$              
1,163,497
$  
295,071
$     
2,182,446
$  
Acquisitions
-
                  
305,046
                
-
                  
20,856
        
325,902
       
Disposals
-
                  
143)
(                       
-
                  
-
                  
143)
(             
Amortization and
   impairment
-
                  
237,176)
(                
31,599)
(        
58,429)
(        
327,204)
(       
Reclassifications
-
                  
11,267
                  
-
                  
-
                  
11,267
        
Net exchange differences
-
                  
696)
(                       
-
                  
1,810)
(          
2,506)
(          
December 31, 2021
355,103
$     
447,073
$              
1,131,898
$  
255,688
$     
2,189,762
$  
December 31, 2021
Cost
355,103
$     
2,500,695
$           
1,163,497
$  
941,480
$     
4,960,775
$  
Accumulated amortization 
-
                  
2,053,622)
(             
31,599)
(        
685,792)
(       
2,771,013)
(    
  and impairment
 
 
 
 
 
  
355,103
$     
447,073
$              
1,131,898
$  
255,688
$     
2,189,762
$

234
                              
 
A. The impairment assessment of goodwill relies on the managements’ subjective judgement, 
including identifying cash-generating units and determining the recoverable amounts of related 
cash-generating units. The recoverable amount is based on the value-in-use, the industry standard 
and the fair value (the fair value is reference to stock price in active market) of cash generating 
units less disposal costs. 
B. The value-in-use calculations use cash flow projections based on financial budgets approved by 
the management covering a five-year period, and industry standard calculations are determined 
by reference to the business market value in consideration of the similar industries with the 
similar products, capital and operating revenues, etc. Management determined budgeted gross 
margin and growth rate based on past performance and the expectations of market development. 
The market valuation used is consistent with the similar industries. The discount rates used reflect 
specific risks relating to the relevant operating segments and the time value of currency in real 
market. 
C. The Group has no intangible assets pledged to others. 
(13) Discontinued operations 
A. The Group is determined to reshape its smartphone business strategy and adjust product 
positioning to focus on perfecting solutions for gamers and expert users under the resolution by 
the Board of Directors on December 13, 2018. The transformation plan has been in progress and 
the Group recognized valuation effects of assets and liabilities accordingly. 
Trademark
Computer software
Goodwill
Others
Total
January 1, 2020
Cost
355,103
$     
1,902,491
$           
1,163,497
$  
975,702
$     
4,396,793
$  
Accumulated amortization
-
                  
1,605,034)
(             
-
                  
609,904)
(       
2,214,938)
(    
   and impairment
 
 
 
 
 
355,103
$     
297,457
$              
1,163,497
$  
365,798
$     
2,181,855
$  
January 1, 2020
355,103
$     
297,457
$              
1,163,497
$  
365,798
$     
2,181,855
$  
Acquisitions
-
                  
400,156
                
-
                  
18,249
        
418,405
       
Amortization and
   impairment
-
                  
303,356)
(                
-
                  
75,820)
(        
379,176)
(       
Reclassifications
-
                  
25,038)
(                  
-
                  
16,688)
(        
41,726)
(        
Effect due to changes in 
-
                  
-
                           
-
                  
10
               
10
               
  consolidated entities
 
 
 
 
 
Net exchange differences
-
                  
444)
(                       
-
                  
3,522
          
3,078
          
December 31, 2020
355,103
$     
368,775
$              
1,163,497
$  
295,071
$     
2,182,446
$  
December 31, 2020
Cost
355,103
$     
2,264,655
$           
1,163,497
$  
933,400
$     
4,716,655
$  
Accumulated amortization 
-
                  
1,895,880)
(             
-
                  
638,329)
(       
2,534,209)
(    
  and impairment
 
 
 
 
 
  
355,103
$     
368,775
$              
1,163,497
$  
295,071
$     
2,182,446
$

235
                              
B. The cash flow information of the discontinued operations is as follows: 
 
Note: The continuing operations obtained cash from the discontinued operations. 
C. Analysis of the results of discontinued operations is as follows: 
 
(14) Short-term borrowings 
 
 
December 31, 2021
December 31, 2020
Operating cash flows
-
$                            
1,590,575
$              
Investing cash flows
-
                              
-
                              
Financing cash flows (Note)
-
                              
1,590,575)
(                
Total cash flows
-
$                            
-
$                            
Years Ended
December 31, 2021
December 31, 2020
Operating revenue
-
$                            
4,412,608
$              
Operating (costs)
-
                              
1,826,943)
(                
Operating (expenses)
-
                              
253,027
                   
Non-operating income
-
                              
143,532
                   
Profit before income tax from discontinued
   operations
-
                              
2,982,224
                
Income tax (expenses)
-
                              
398,203)
(                   
Total profit from discontinued operations
-
$                            
2,584,021
$              
Years Ended
Type of borrowings
December 31, 2021
Interest rate range
Collateral
Bank borrowings
  Guaranteed borrowings
17,000
$                   
1.55%
 Bank deposits
  Credit borrowings
9,379,555
                
0.90%~3.25%
-
9,396,555
$              
Type of borrowings
December 31, 2020
Interest rate range
Collateral
Bank borrowings
  Guaranteed borrowings
38,875
$                   
3.80%~5.00%
 Property, plant and
   equipment
  Credit borrowings
5,836,900
                
0.87%~1.33%
-
5,875,775
$

236
                              
(15) Long-term borrowings 
 
The Group has no long-term borrowings as of December 31, 2020. 
(16) Pensions 
A. Defined benefit pension plans 
(A) The Company and its domestic subsidiaries have a defined benefit pension plan in accordance 
with the Labor Standards Law, covering all regular employees’ service years prior to the 
enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of 
employees who chose to continue to be subject to the pension mechanism under the Law. 
Under the defined benefit pension plan, two units are accrued for each year of service for the 
first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 
units. Pension benefits are based on the number of units accrued and the average monthly 
salaries and wages of the last 6 months prior to retirement. The Company and its domestic 
subsidiaries contribute 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 and its domestic 
subsidiaries would assess the balance in the aforementioned labor pension reserve account 
by December 31, every year. If the account balance is not enough to pay the pension 
calculated by the aforementioned method to the employees expected to qualify for retirement 
in the following year, the Company and its domestic subsidiaries will make contribution for 
the deficit by next March. 
(B) The amounts recognized in the balance sheets are as follows: 
 
 
 
Borrowing period
Interest
Type of borrowing
and repayment term
rate range
Collateral
December 31, 2021
Long-term bank borrowings
  Guaranteed borrowings
Borrowing period is from May
28, 2021 to May 28, 2036;
interest is repayable monthly
1.00%
Land and
   buildings
165,787
$               
Less: Current portion
10,744)
(                   
155,043
$               
December 31, 2021
December 31, 2020
Present value of defined benefit obligations
404,748)
($                 
437,459)
($                 
Fair value of plan assets
208,599
                   
214,070
                   
Net defined benefit liability
196,149)
($                 
223,389)
($

237
                              
(C) Movements in net defined benefit liabilities are as follows: 
 
 
(D) The Bank of Taiwan was commissioned to manage the Fund of the Company’s and its 
domestic subsidiaries’ defined benefit pension plan in accordance with the Fund’s annual 
investment and utilization plan and the “Regulations for Revenues, Expenditures, Safeguard 
Present value of
Fair value
defined benefit
of plan
Net defined
obligations
assets
benefit liability
January 1, 2021
437,459)
($          
214,070
$         
223,389)
($          
Current service cost
10,401)
(              
-
                       
10,401)
(              
Interest (expense) income
4,272)
(                
1,085
               
3,187)
(                
Remeasurements:
  Return on plan assets
-
                       
2,697
               
2,697
                
   (excluding amounts included in
     interest income or expense)
  Change in demographic assumptions
7,709)
(                
-
                       
7,709)
(                
  Change in financial assumptions
252
                  
-
                       
252
                  
  Experience adjustments
22,632
              
-
                       
22,632
              
Pension fund contribution
-
                       
7,354
               
7,354
                
Pension payment  
22,860
              
16,607)
(             
6,253
                
Exchange difference and others
9,349
                
-
                       
9,349
                
December 31, 2021
404,748)
($          
208,599
$         
196,149)
($          
Present value of
Fair value
defined benefit
of plan
Net defined
obligations
assets
benefit liability
January 1, 2020
389,680)
($          
202,683
$         
186,997)
($          
Current service cost
17,893)
(              
-
                       
17,893)
(              
Interest (expense) income
4,699)
(                
1,545
               
3,154)
(                
Remeasurements:
  Return on plan assets
-
                       
6,673
               
6,673
                
   (excluding amounts included in
     interest income or expense)
  Change in demographic assumptions
266
                  
-
                       
266
                  
  Change in financial assumptions
12,720)
(              
-
                       
12,720)
(              
  Experience adjustments
19,775)
(              
-
                       
19,775)
(              
Pension fund contribution
-
                       
6,837
               
6,837
                
Pension payment  
11,902
              
3,668)
(               
8,234
                
Exchange difference and others
4,860)
(                
-
                       
4,860)
(                
December 31, 2020
437,459)
($          
214,070
$         
223,389)
($

238
                              
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 utilisation of 
the Fund, its minimum earnings in the annual distributions on the final financial statements 
shall be no less than the earnings attainable from the amounts accrued from two-year time 
deposits with the interest rates offered by local banks. If the earnings is less than 
aforementioned rates, government shall make payment for the deficit after being 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 asset fair value 
in accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as of 
December 31, 2021 and 2020 is given in the Annual Labor Retirement Fund Utilization 
Report announced by the government. 
(E) The principal actuarial assumptions used are as follows: 
 
Assumptions regarding future mortality experience are set based on actuarial advice in 
accordance with published statistics and experience in each territory. 
Because the main actuarial assumption changed, the present value of defined benefit 
obligation is affected. The analysis was as follows: 
 
The sensitivity analysis above was determined based on the change of one assumption while 
the other conditions remain unchanged. In practice, the change in assumptions would occur 
in isolation of one another as some of the assumptions may be correlated. The method of 
analysing sensitivity and the method of calculating net pension liability in the balance sheets 
December 31, 2021
December 31, 2020
Discount rate
0.70%~7.15%
0.40%~7.51%
Future salary increases rate
2.00%~10.00%
2.00%~10.00%
Years Ended
Increase 
Decrease 
Increase 
Decrease 
0.25%~1%
0.25%~1%
0.25%~1%
0.25%~1%
December 31, 2021
Effect on present value of
24,916)
($       
23,875
$       
20,300
$       
20,831)
($       
  defined benefit obligation
 
 
 
 
December 31, 2020
Effect on present value of
26,285)
($       
28,930
$       
24,199
$       
22,363)
($       
  defined benefit obligation
 
 
 
 
Discount rate
Future salary increases rate

239
                              
are the same. 
(F) Expected contribution to the defined benefit pension plans of the Group for the year ending 
December 31, 2022 is $8,734. 
(G) As of December 31, 2021, the weighted average duration of that retirement plan is 12~29.5 
years. 
B. Defined contribution pension plans 
(A) Effective July 1, 2005, the Company and its domestic subsidiaries have established a defined 
contribution pension plan (New Plan) under the Labor Pension Act, covering all regular 
employees with R.O.C. nationality. Under the New Plan, the Company and its domestic 
subsidiaries contribute monthly an amount based on 6% of the employees’ monthly salaries 
and wages to the employees’ individual pension accounts at the Bureau of Labor Insurance. 
The benefits accrued are paid monthly or in lump sum upon termination of employment. 
(B) The Company’s mainland subsidiaries have a defined contribution plan. Monthly 
contributions to an independent fund administered by the government in accordance with the 
pension regulations in the People’s Republic of China are based on a certain percentage of 
employees’ monthly salaries and wages. Other than the monthly contributions, the Group has 
no further obligations. 
(C) The pension costs under the defined contribution pension plans of the Group were $1,130,297 
and $911,333 for the years ended December 31, 2021 and 2020, respectively. 
(17) Provisions for liabilities 
 
 
 
 
Provisions
Provisions for legal 
for warranty
claims and royalty
Total
January 1, 2021
16,267,948
$              
6,365,271
$                
22,633,219
$              
Recognition (reversal)
11,510,582
                
62,294)
(                      
11,448,288
                
Used
6,422,800)
(                  
4,053)
(                        
6,426,853)
(                  
Net exchange differences
365,167)
(                     
182,623)
(                     
547,790)
(                     
December 31, 2021
20,990,563
$              
6,116,301
$                
27,106,864
$              
Provisions 
Provisions for legal 
for warranty
claims and royalty
Total
January 1, 2020
14,902,060
$              
6,850,932
$                
21,752,992
$              
Recognition (reversal)
8,459,508
                  
73,185)
(                      
8,386,323
                  
Used
6,493,990)
(                  
44,574)
(                      
6,538,564)
(                  
Net exchange differences
599,630)
(                     
367,902)
(                     
967,532)
(                     
December 31, 2020
16,267,948
$              
6,365,271
$                
22,633,219
$

240
                              
Analysis of total provisions: 
 
A. Provisions for warranty 
The Group provides warranties on 3C products sold. Provision for warranty is estimated based 
on these products’ historical warranty data. A provision is recognized as current when it is 
expected to be used in one year. 
B. Provisions for legal claims and royalty 
The Group recognizes provision for legal claims or royalty fees made by the patentees against 
the Group. After taking appropriate legal advice, the management evaluates the probable 
claimable fees accrued as provision for liabilities. The provision charge is recognized in profit or 
loss within operating costs and expenses. 
(18) Refund liabilities 
 
The Group recognizes refund liabilities on 3C products sold. Refund liabilities are estimated based 
on these products’ historical data and other known factors. A provision is recognized as current when 
it is expected to be used in one year. 
(19) Common shares 
A. As of December 31, 2021, the Company’s authorized capital was $47,500,000, consisting of 
4,750,000,000 shares of common stock (including 50,000,000 shares which were reserved for 
employee stock options), and the paid-in capital was $7,427,603, with a par value of $10 (in 
dollars) per share. All proceeds from shares issued have been collected. 
The number of the Company’s ordinary shares outstanding at the beginning and ending for the 
years ended December 31, 2021 and 2020 are both 742,760,280 shares. 
B. As of December 31, 2021, the Company issued Global Depositary Receipts (GDRs), of which 
3,937,000 units of the GDRs are now listed on the Luxembourg Stock Exchange. Per unit of 
GDR represents 5 shares of the Company’s common stock and total GDRs represent 19,685,000 
shares of the Company’s common stock. The terms of GDR are as follows: 
(A) Voting rights 
GDR holders may, pursuant to the Depositary Agreement and the relevant laws and 
December 31, 2021
December 31, 2020
Current
27,106,864
$            
22,633,219
$            
2021
2020
January 1
24,436,364
$            
20,829,445
$            
Recognition (reversal) 
46,500,896
              
41,084,968
              
Used
38,083,635)
(              
36,377,687)
(              
Net exchange differences
710,667)
(                   
1,100,362)
(                
December 31
32,142,958
$            
24,436,364
$

241
                              
regulations of the R.O.C., exercise the voting rights pertaining to the underlying common 
shares represented by the GDRs. 
(B) Dividends, stock warrants and other rights 
GDR holders and common shareholders are all entitled to receive dividends. The Depositary 
may issue new GDRs in proportion to GDRs holding ratios or raise the number of shares of 
common stock represented by each unit of GDR or sell stock dividends on behalf of GDR 
holders and distribute proceeds to them in proportion to their GDRs holding ratios. 
(20) Capital surplus 
Pursuant to the R.O.C. Company Law, 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. 
 
(21) Retained earnings 
A. Under the Company’s Articles of Incorporation, the current year’s profit after income tax, shall 
first be offset against prior years’ operating losses and then 10% of the remaining amount shall 
be set aside as legal reserve. When such legal reserve amounts to the total authorized capital, the 
Company shall not be subject to this requirement. The Company may then appropriate or reverse 
a certain amount as special reserve according to the demand for the business or relevant 
regulations. After the distribution of earnings, the remaining earnings and prior years’ 
undistributed earnings may be appropriated according to a resolution of the Board of Directors 
adopted in the shareholders’ meeting. 
B. The dividend policies of the Company are as follows: Considering the rapid changing industrial 
environment the Company faces, long-term financial plan and the satisfaction of the demand for 
cash by the shareholders, the Company should distribute cash dividends of not less than 10% of 
the total dividends declared each year. 
December 31, 2021
December 31, 2020
Share premium
4,227,966
$              
4,227,966
$              
Difference between consideration and carrying amount
885,390
                   
885,390
                   
   of subsidiaries acquired or disposed
Recognition of changes in ownership interest in 
3,968,819
                
3,968,392
                
   subsidiaries
Changes in associates and joint ventures accounted for 
757,736
                   
702,355
                   
   under equity method
 
 
9,839,911
$              
9,784,103
$

242
                              
C. Except for covering accumulated deficit, increasing capital or payment of cash in proportion to 
ownership percentage, the legal reserve shall not be used for any other purpose. The amount 
capitalized or the cash payment shall be limited to the portion of legal reserve which exceeds 
25% of the paid-in capital. 
D. (A) In accordance with the regulations, the Company shall set aside special reserve from the debit 
balance on other equity items at the end of the financial reporting period before distributing 
earnings. When debit balance on other equity items is reversed subsequently, the reversed 
amount could be included in the distributable earnings. 
(B) The amounts previously set aside by the Company as special reserve on initial application of 
IFRSs in accordance with Jin-Guan-Zheng-Fa-Zi Letter No. 1010012865, dated April 6, 2012, 
shall be reversed proportionately when the relevant assets are used, disposed of or reclassified 
subsequently. 
E. As resolved by the shareholders on June 9, 2020, the shareholders resolved to distribute cash 
dividends amounting to $10,398,644 ($14 (in dollars) per share) for the appropriation of 2019 
earnings. On July 30, 2021, the shareholders resolved to distribute cash dividends amounting to 
$19,311,767 ($26 (in dollars) per share) for the appropriation of 2020 earnings. 
F. The appropriation of 2021 earnings had been proposed by the Board of Directors on March 16, 2022. 
Details are summarized as follows: 
 
As of March 16, 2022, the appropriations of 2021 earnings stated above has not been resolved 
by the shareholders. 
(22) Other equity 
 
Amount
 Dividends per share
(in dollars)
Cash dividends
31,195,932
$            
42.00
$                     
Year Ended December 31, 2021
Unrealized gain (loss) 
on valuation of
Financial 
financial assets at fair 
statements
Gain (loss)
value through other
translation
Remeasurement
on hedging
 comprehensive
differences of
of defined
instruments
 income
foreign operations
benefit plans
Total
January 1, 2021
809,406)
($           
44,600,953
$              
6,447,186)
($               
136,031)
($             
37,208,330
$   
  -The Company
-
                        
3,640,857
                  
1,984,644)
(                 
-
                          
1,656,213
       
  -Subsidiaries
1,246,189
          
167,955
                     
339,844)
(                    
13,556
                 
1,087,856
       
  -Associates
-
                        
180,210
                     
123,186)
(                    
1
                         
57,025
            
December 31, 2021
436,783
$           
48,589,975
$              
8,894,860)
($               
122,474)
($             
40,009,424
$

243
                              
 
(23) Operating revenue 
 
A. Disaggregation of revenue from contracts with customers 
The Group’s revenue is derived from the transfer of goods and services over time and at a point 
in time in the following major product lines: 
 
Revenue from contracts with customers from discontinued operations for the years ended 
December 31, 2021 and 2020 amounted to $0 and $4,412,608, respectively, and are recognized 
at a point in time. 
Unrealized gain
on valuation of
Financial 
financial assets at fair 
statements
Gain (loss)
value through other
translation
Remeasurement
on hedging
 comprehensive
differences of
of defined
instruments
 income
foreign operations
benefit plans
Total
January 1, 2020
305,856)
($           
35,155,750
$              
2,800,984)
($               
116,867)
($             
31,932,043
$   
  -The Company
-
                        
8,416,416
                  
3,183,157)
(                 
-
                          
5,233,259
       
  -Subsidiaries
503,550)
(             
214,750
                     
306,366)
(                    
19,164)
(                 
614,330)
(          
  -Associates
-
                        
814,037
                     
156,679)
(                    
-
                          
657,358
          
December 31, 2020
809,406)
($           
44,600,953
$              
6,447,186)
($               
136,031)
($             
37,208,330
$   
December 31, 2021
December 31, 2020
Revenue from contracts with customers
535,238,735
$          
417,193,047
$          
Exclude (revenue) from contracts with customers
-
                              
4,412,608)
(                
  from discontinued operations
   
   
535,238,735
$          
412,780,439
$          
Years Ended
Year Ended December 31, 2021
3C products
Others
Total
Revenue from contracts with customers
528,262,262
$ 
6,976,473
$ 
535,238,735
$ 
Timing of revenue recognition
  Revenue recognized at a point in time
528,066,397
$ 
6,727,726
$ 
534,794,123
$ 
  Revenue recognized over time
195,865
          
248,747
      
444,612
          
528,262,262
$ 
6,976,473
$ 
535,238,735
$ 
Year Ended December 31, 2020
3C products
Others
Total
Revenue from contracts with customers
408,590,828
$ 
4,189,611
$ 
412,780,439
$ 
Timing of revenue recognition
  Revenue recognized at a point in time
408,457,673
$ 
4,099,594
$ 
412,557,267
$ 
  Revenue recognized over time
133,155
          
90,017
        
223,172
          
408,590,828
$ 
4,189,611
$ 
412,780,439
$

244
                              
B. Contract liabilities 
(A) The amounts of recognized contract liabilities related to the contract revenue from sales and 
warranty of the Group are $3,506,973, $1,125,325 and $968,662 as of December 31, 2021, 
December 31, 2020 and January 1, 2020, respectively. 
(B) The revenue recognized from the beginning balance of contract liabilities amounted to 
$625,909 and $516,293 for the years ended December 31, 2021 and 2020, respectively. 
(24) Other income 
 
(25) Other gains (losses) 
 
(26) Costs and expenses by nature (including discontinued operations) 
 
 
 
December 31, 2021
December 31, 2020
Rent income
152,884
$                 
143,740
$                 
Dividend income
2,880,703
                
2,879,397
                
3,033,587
$              
3,023,137
$              
Years Ended
December 31, 2021
December 31, 2020
Net currency exchange (losses) gains
2,751,675
$              
5,259,113
$              
Net gains (losses) on derivative financial  instruments
1,244,761
                
2,245,320)
(                
Net gains (losses) on non-derivative financial 
17,767)
(                     
1,380)
(                       
   instruments
Impairment loss
627,788)
(                   
83,569)
(                     
Gains (losses) on disposal of investments
29,210
                     
2,638)
(                       
Other net (losses) gains
736,610
                   
1,236,427
                
4,116,701
                
4,162,633
                
Exclude other (gains) losses from discontinued 
-
                              
143,531)
(                   
  operations
   
   
4,116,701
$              
4,019,102
$              
Years Ended
Operating
Operating
Operating
Operating
costs
expenses
Total
costs
expenses
Total
Employee benefit
  expenses
3,921,487
$ 
28,842,158
$ 
32,763,645
$ 
3,531,148
$ 
23,961,469
$ 
27,492,617
$ 
Depreciation
1,833,931
   
1,239,155
     
3,073,086
     
1,661,383
   
1,206,960
     
2,868,343
     
Amortization
13,159
        
415,439
        
428,598
        
14,725
        
503,067
        
517,792
        
Years Ended
December 31, 2021
December 31, 2020

245
                              
(27) Employee benefit expenses (including discontinued operations) 
 
Note: Includes the pension expense under the defined contribution plan and defined benefit plan. 
A. According to the Articles of Incorporation of the Company, the current year’s profit shall be used 
first to cover accumulated deficit, if any, and then the remaining balance shall be distributed as 
follows: no less than 1% as employees’ compensation, and no more than 1% as directors’ 
remuneration. 
B. For the years ended December 31, 2021 and 2020, employees’ compensation was accrued at 
$3,204,069 and $1,865,638, respectively; directors’ remuneration was accrued at $168,635 and 
$98,191, respectively. The aforementioned amounts were recognized in salary expense. 
The employees’ compensation and directors’ remuneration were estimated and accrued based on 
no less than 1% and no more than 1% of profit of current year distributable for the year ended 
December 31, 2021. 
The employees’ compensation and directors’ remuneration amounting to $1,865,638 and $98,191, 
respectively, for 2020 as resolved by the Board of Directors were in agreement with the amounts 
recognized in the 2020 financial statements. The employees’ compensation and directors’ 
remuneration were distributed in cash. Related information shall be inquired at the Market 
Observation Post System website. 
 
 
 
December 31, 2021
December 31, 2020
Wages and salaries
29,086,542
$            
24,333,301
$            
Labor and health insurance
1,744,359
                
1,539,698
                
Pension (Note)
1,143,885
                
932,380
                   
Other personnel expenses
788,859
                   
687,238
                   
32,763,645
$            
27,492,617
$            
Years Ended

246
                              
(28) Income tax 
A. Income tax expenses 
(A) Components of income tax expense: 
 
(B) The income tax relating to components of other comprehensive income is as follows: 
 
 
 
 
December 31, 2021
December 31, 2020
Current income tax:
Current income tax on profits for the year
13,346,056
$            
5,392,070
$              
Additional tax on unappropriated earnings
253,228
                   
3,155
                       
Difference between prior year's income tax
582,427
                   
1,238,760
                
   estimation and assessed results
 
 
Total current income tax
14,181,711
              
6,633,985
                
Deferred income tax:
Origination and reversal of temporary
1,698,383)
(                
1,081,399
                
  differences
 
                              
  
Total deferred income tax
1,698,383)
(                
1,081,399
                
Income tax expenses (including discontinued
   operations)
12,483,328
              
7,715,384
                
Exclude income tax (expenses)
-
                              
398,203)
(                   
   from discontinued operations
   
   
Income tax expense from continuing
12,483,328
$            
7,317,181
$              
   operations
   
   
Years Ended
December 31, 2021
December 31, 2020
Changes in fair value of financial assets at fair 
8,069
$                     
27,155
$                   
   value through other comprehensive income
Currency translation differences
578,866)
(                   
877,776)
(                   
Remeasurements of defined benefit plans
3,917
                       
5,984)
(                       
566,880)
($                 
856,605)
($                 
Years Ended

247
                              
B. Reconciliation between income tax expenses and accounting profit: 
 
 
 
December 31, 2021
December 31, 2020
Income tax calculated based on profit before tax
   and statutory tax rate
13,878,775
$            
8,318,987
$              
Tax exempt income by tax regulation
576,386)
(                   
647,791)
(                   
Effect of tax exemption on investment income
1,083,816)
(                
479,829)
(                   
Effect of investment tax credit
54,753)
(                     
34,983)
(                     
Temporary differences not recognized as deferred
   tax assets
33,980
                     
203,710
                   
Effect of net operating loss carryforward
3,020)
(                       
6,040)
(                       
Difference between prior year’s income tax
   estimation and assessed results
582,427
                   
1,238,760
                
Additional income tax on unappropriated earnings
253,228
                   
3,155
                       
Change in assessment of realization of deferred
   tax assets
56,922
                     
554,306)
(                   
Effect of tax rate changes on unrealized profit
   from sales
170,372)
(                   
87,369)
(                     
Effect of exchange rate changes
768,402)
(                   
571,708)
(                   
Taxable loss not recognized as deferred tax assets
436,666
                   
295,393
                   
Expenses (income) adjusted by tax regulation
53,447)
(                     
6,611)
(                       
Others
48,474)
(                     
44,016
                     
Income tax expenses (including discontinued
   operations)
12,483,328
              
7,715,384
                
Exclude income tax (expenses) from
-
                              
398,203)
(                   
  discontinued operations
  
  
Income tax expenses from continuing operations
12,483,328
$            
7,317,181
$              
Years Ended

248
                              
C. Amounts of deferred tax assets or liabilities as a result of temporary differences and loss 
carryforwards are as follows: 
 
Recognized in
Effect of
 other
exchange
Recognized in comprehensive
rate
January 1
profit or loss
income
changes
December 31
Temporary differences:
- Deferred income tax assets:
Decline in value of
  inventories
1,788,503
$  
990,466
$       
-
$                   
22,031)
($  
2,756,938
$   
Unrealized profit from sales
1,018,953
   
1,299,689
      
-
                     
2,934)
(      
2,315,708
     
Unrealized purchase discounts
159,538
      
158,664)
(         
-
                     
874)
(         
-
                   
Unrealized sales discounts
2,524,328
   
1,340,281
      
-
                     
69,895)
(    
3,794,714
     
Unrealized provisions for
  warranty
1,718,206
   
796,311
         
-
                     
38,405)
(    
2,476,112
     
   Other unrealized expenses
1,248,404
   
600,876
         
-
                     
26,304)
(    
1,822,976
     
   Loss carryforwards
307,563
      
246,280)
(         
-
                     
1,563)
(      
59,720
          
Currency translation
   differences of foreign
   operation
1,578,126
   
-
                    
578,866
          
-
              
2,156,992
     
   Others
924,910
      
37,038)
(           
3,917)
(              
23,214)
(    
860,741
        
     Subtotal
11,268,531
  
4,585,641
      
574,949
          
185,220)
(  
16,243,901
   
- Deferred income tax liabilities:
Investment income from
  foreign investees
14,112,947)
(  
2,759,969)
(      
-
                     
-
              
16,872,916)
(   
Currency translation
   differences of foreign
   operation
199)
(             
-
                    
-
                     
-
              
199)
(               
Unrealized gain on valuation
49,561)
(        
-
                    
8,069)
(              
-
              
57,630)
(          
  of equity investments
   Others
294,062)
(      
127,289)
(         
-
                     
3,995
      
417,356)
(        
     Subtotal
14,456,769)
(  
2,887,258)
(      
8,069)
(              
3,995
      
17,348,101)
(   
Total
3,188,238)
($  
1,698,383
$    
566,880
$        
181,225)
($ 
1,104,200)
($   
2021

249
                              
 
 
 
Recognized in
Effect of
 other
exchange
Recognized in comprehensive
rate
January 1
profit or loss
income
changes
December 31
Temporary differences:
- Deferred income tax assets:
Decline in value of
  inventories
2,115,019
$  
289,440)
($       
-
$                   
37,076)
($  
1,788,503
$   
Unrealized profit from sales
1,215,709
   
201,030)
(         
-
                     
4,274
      
1,018,953
     
Unrealized purchase discounts
237,050
      
72,095)
(           
-
                     
5,417)
(      
159,538
        
Unrealized sales discounts
1,919,951
   
687,949
         
-
                     
83,572)
(    
2,524,328
     
Unrealized provisions for
  warranty
1,329,485
   
428,354
         
-
                     
39,633)
(    
1,718,206
     
   Other unrealized expenses
1,346,189
   
66,903)
(           
-
                     
30,882)
(    
1,248,404
     
   Loss carryforwards
443,610
      
121,976)
(         
-
                     
14,071)
(    
307,563
        
Currency translation
   differences of foreign
   operation
700,350
      
-
                    
877,776
          
-
              
1,578,126
     
   Others
866,717
      
109,256
         
5,984
              
57,047)
(    
924,910
        
     Subtotal
10,174,080
  
474,115
         
883,760
          
263,424)
(  
11,268,531
   
- Deferred income tax liabilities:
Investment income from
  foreign investees
12,664,178)
(  
1,448,769)
(      
-
                     
-
              
14,112,947)
(   
Currency translation
   differences of foreign
   operation
199)
(             
-
                    
-
                     
-
              
199)
(               
Unrealized gain on valuation
22,406)
(        
-
                    
27,155)
(            
-
              
49,561)
(          
  of equity investments
   Others
189,261)
(      
106,745)
(         
-
                     
1,944
      
294,062)
(        
     Subtotal
12,876,044)
(  
1,555,514)
(      
27,155)
(            
1,944
      
14,456,769)
(   
Total
2,701,964)
($  
1,081,399)
($    
856,605
$        
261,480)
($ 
3,188,238)
($   
2020

250
                              
D. Expiration dates of unused taxable loss and amounts of unrecognized deferred income tax assets 
are as follows: 
 
 
E. The amounts of deductible temporary differences that were not recognized as deferred income 
tax assets are as follows: 
 
F. As of December 31, 2021 and 2020, all taxable temporary differences associated with 
investments in subsidiaries that were not recognized as deferred income tax liabilities are 
insignificant. 
G. The Tax Authority has examined the Company’s income tax returns through 2019. In addition, 
the Company has filed administrative remedies for the Company’s 2018 income tax assessment. 
Year
incurred
 Amount
filed/assessed
 Unused
amount
 Unrecognized
deferred
income tax assets
 Year of
expiration
2012
30,283
$              
30,283
$              
30,283
$              
2022
2013
71,673
                
71,673
                
71,673
                
2023
2014
80,900
                
80,900
                
80,900
                
2024
2015
90,161
                
90,161
                
90,161
                
2025
2016
136,341
              
85,176
                
85,097
                
2021-2026
2017
1,716,449
           
1,176,475
           
682,360
              
2022-2027
2018
1,886,962
           
1,884,229
           
1,567,268
           
2023-2028
2019
1,168,897
           
1,115,498
           
189,927
              
2024-2029
2020
1,336,309
           
1,281,161
           
987,305
              
2025-2030
2021
2,160,410
           
2,160,410
           
2,031,205
           
2031
December 31, 2021
Year
incurred
 Amount
filed/assessed
 Unused
amount
 Unrecognized
deferred
income tax assets
 Year of
expiration
2011
93,103
$              
72,605
$              
72,605
$              
2021
2012
31,309
                
31,309
                
31,309
                
2022
2013
71,673
                
71,673
                
71,673
                
2023
2014
80,900
                
80,900
                
80,900
                
2024
2015
501,393
              
142,665
              
142,665
              
2025
2016
136,746
              
127,026
              
126,373
              
2021-2026
2017
1,710,923
           
1,170,949
           
682,360
              
2027
2018
1,970,033
           
1,970,033
           
1,656,529
           
2023-2028
2019
1,234,353
           
1,234,353
           
673,918
              
2022-2029
2020
1,073,138
           
1,073,138
           
924,736
              
2025-2030
December 31, 2020
December 31, 2021
December 31, 2020
Deductible temporary differences
611,290
$                 
195,492
$

251
                              
(29) Earnings per share 
 
 
 
December 31, 2021
December 31, 2020
Profit:
  Profit from continuing operations attributable to
44,549,798
$            
23,973,651
$            
    shareholders of the parent
  Profit from discontinued operations attributable
-
                              
2,584,021
                
    to shareholders of the parent
   
   
  Profit attributable to shareholders of the parent
44,549,798
$            
26,557,672
$            
Number of shares (shares in thousands):
  Weighted average number of shares
742,760
                   
742,760
                   
     outstanding - basic
   
   
Basic earnings per share (in dollars):
  Profit from continuing operations attributable to
59.98
$                     
32.28
$                     
    shareholders of the parent
  Profit from discontinued operations attributable
-
                              
3.48
                         
     to shareholders of the parent
   
   
  Profit attributable to shareholders of the parent
59.98
$                     
35.76
$                     
December 31, 2021
December 31, 2020
Profit:
  Profit from continuing operations attributable to
44,549,798
$            
23,973,651
$            
    shareholders of the parent
  Profit from discontinued operations attributable
-
                              
2,584,021
                
    to shareholders of the parent
   
   
  Profit attributable to shareholders of the parent
44,549,798
$            
26,557,672
$            
Number of shares (shares in thousands):
  Weighted average number of shares
742,760
                   
742,760
                   
     outstanding - basic
   
  
  The effect of dilutive potential common shares
9,696
                       
8,469
                       
    - employees’ compensation
   
   
  Weighted average number of shares
752,456
                   
751,229
                   
     outstanding - diluted
  
    
Diluted earnings per share (in dollars):
  Profit from continuing operations attributable to
59.21
$                     
31.91
$                     
     shareholders of the parent
  Profit from discontinued operations attributable
-
                              
3.44
                         
     to shareholders of the parent
   
   
  Profit attributable to shareholders of the parent
59.21
$                     
35.35
$                     
Years Ended
Years Ended

252
                              
(30) Transactions with non-controlling interest 
In April 2020, ASMEDIA exchanged shares with WT, and increased capital by issuing new shares 
for the consideration of acquiring 22.39% equity of WT of $6,624,000. Since the Group did not 
acquire new shares, the Group’s ownership of the subsidiary decreased by 6.90%. The effect of the 
change in ownership interest in subsidiaries to capital surplus - recognition of ownership interest in 
subsidiaries is as follows: 
 
(31) Changes in liabilities arising from financing activities 
 
 
Note: Others are leases modifications. 
7. RELATED PARTY TRANSACTIONS 
(1) Parent and ultimate controlling party 
The Company’s shares are widely held, so there is no ultimate parent or controlling party. 
(2) Names of related parties and relationship 
Year Ended
December 31, 2020
The consideration for subsidiary’s increased capital by issuing new shares
6,624,000
$                 
Less: Increase in carrying amount of non-controlling interest
3,787,640)
(                   
Capital surplus - recognition of changes in ownership interest in subsidiaries
2,836,360
$                 
Foreign
exchange
Others
January 1, 2021
Cash flow
changes
(Note)
December 31, 2021
Short-term borrowings
5,875,775
$       
3,565,288
$     
44,508)
($            
-
$                    
9,396,555
$              
Long-term borrowings
-
                       
165,787
          
-
                       
-
                      
165,787
                   
Lease liabilities
946,153
            
560,238)
(          
31,439)
(              
1,097,766
        
1,452,242
                
6,821,928
$       
3,170,837
$     
75,947)
($            
1,097,766
$      
11,014,584
$            
Non-cash changes
Foreign
exchange
Others
January 1, 2020
Cash flow
changes
(Note)
December 31, 2020
Short-term borrowings
5,600,728
$       
285,489
$        
10,442)
($            
-
$                    
5,875,775
$              
Lease liabilities
1,129,428
         
517,210)
(          
4,686)
(               
338,621
           
946,153
                   
6,730,156
$       
231,721)
($        
15,128)
($            
338,621
$         
6,821,928
$              
Non-cash changes
Names of related parties
Relationship with the Group
ASUSTOR INC. (ASUSTOR)
Associate
EXCELLIANCE MOS CORP. (EMC)
Associate
IBASE TECHNOLOGY INC. (IBASE)
Associate
LITEMAX ELECTRONICS INC. (LITEMAX)
Associate

253
                              
 
 
(3) Significant transactions and balances with related parties 
A. Sales of goods 
 
The collection periods of the Group to related parties are open account 30 to 90 days and month-
end 60 days or negotiated by both parties. 
B. Purchases of goods and expenses 
 
The payment term of related parties to the Group are month-end 30 to 120 days, open account 45 
Names of related parties
Relationship with the Group
MAXTEK TECHNOLOGY CO., LTD. (MAXTEK)
Associate
TECHMOSA INTERNATIONAL INC. (TECHMOSA)
Associate
MORRIHAN INTERNATIONAL CORP. (MORRIHAN)
Associate
NUVISION TECHNOLOGY, INC. (NUVISION)
Associate
HONGTECH ELECTRONICS CO., LTD. (HONGTECH)
Associate
WT MICROELECTRONICS CO., LTD. (WT)
Associate
I-WAYLINK INC. (IWAYLINK)
Associate
WINMATE INC. (WINMATE)
Associate
PORTWELL INC. (PORTWELL)
Associate
IBASE GAMING INC. (IBASEGI)
Associate
DEEP01 LIMITED (DEEP)
Associate
GAIUS AUTOMOTIVE INC. (GAIUSAI)
Associate
LELTEK INC. (LELTEK)
Associate
AMERICAN PORTWELL TECHNOLOGY INC. (APT)
Associate
EUROPEAN PORTWELL TECHNOLOGY B.V. (EPT)
Associate
Others
Other related party
December 31, 2021
December 31, 2020
 Sales of goods
   -Associates
959,385
$                 
410,719
$                 
   -Others
29,576
                     
12,992
                     
988,961
$                 
423,711
$                 
Years Ended
December 31, 2021
December 31, 2020
 Purchases of goods 
   -Associates
2,898,837
$              
1,347,316
$              
   -Others
108,243
                   
90,137
                     
 Purchases of services and other expenditures
   -Associates
14,786
                     
3,911
                       
   -Others
40,601
                     
27,981
                     
3,062,467
$              
1,469,345
$              
Years Ended

254
                              
to 90 days or 1 to 6 months. 
C. Trade receivables and other receivables 
 
The trade receivables mainly arise from sales transactions, are unsecured in nature and bear no 
interest. The other receivables mainly pertain to advance disbursement receivable. 
D. Trade payables and other items of current liabilities 
 
The trade payables arise mainly from purchase transactions and bear no interest. 
(4) Key management compensation 
 
December 31, 2021
December 31, 2020
Trade receivables
   -Associates
50,985
$                   
38,330
$                   
   -Others
2,589
                       
671
                          
53,574
                     
39,001
                     
Other receivables
   -Associates
264
                          
739
                          
   -Others
2,720
                       
-
                              
2,984
                       
739
                          
56,558
$                   
39,740
$                   
December 31, 2021
December 31, 2020
Trade payables
   -Associates
931,610
$                 
524,734
$                 
   -Others
35,470
                     
21,350
                     
967,080
                   
546,084
                   
Other items of current liabilities
   -Associates
8,349
                       
4
                             
   -Others
606
                          
7,694
                       
8,955
                       
7,698
                       
976,035
$                 
553,782
$                 
December 31, 2021
December 31, 2020
 Salaries and other short-term employee benefits
1,759,791
$              
1,152,216
$              
 Post-employment benefits
7,310
                       
6,882
                       
1,767,101
$              
1,159,098
$              
Years Ended

255
                              
8. PLEDGED ASSETS 
 
Note: Pledged for customs duties, lodgment for security decided by court, letter of credit, foreign 
exchange forward transactions, account for social security, security deposit for office and 
warehouse, project deposit and bank loans, etc. 
9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACT COMMITMENTS 
(1) Contingencies 
Lawsuits for infringement of intellectual property rights 
A. Several patentees filed lawsuits or investigations for patent infringement including MP3 function 
for desktop computer and notebook, display and projector products, notebook and tablet against 
the Group. These lawsuits or investigations are currently under investigation in California and 
Texas. The Group cannot presently determine the ultimate outcome of these lawsuits but has 
already recognized the possible loss in the financial statements. 
B. Several patentees filed lawsuits or investigations for patent infringement including cellphone and 
tablet products, AP and Router products supporting MU-MIMO, notebook, LED for cellphone 
products, wireless network communication products that support IEEE 802.11ac communication 
standard, after-sales service, OLED for cellphone products, cellphone and tablet products with 
MPEG2-TS transportation stream function, various products using LVDS technology processors, 
monitor product, cellphone, notebook and wireless routers complying with 3G/4G communication 
standard, monitor product with local dimming, router, wireless base station, notebook, cellphone 
supporting MU-MIMO, circuit board design, router, notebook, desktop, motherboard, Mini PC 
and cellphone supporting Wi-Fi 6, AMOLED panel and dock with card reader function against 
the Group. These lawsuits or investigations are currently under investigation in the courts in Texas, 
California, Alabama, Japan, Brazil, Malaysia, China, and at the Italian Competition Authority. The 
Group cannot presently determine the ultimate outcome and effect of these lawsuits. 
(2) Commitments 
A. The Company signed a long-term supply cooperation contract with the supplier, stipulating that a 
certain amount of purchase must be reached every year. The contract is valid from March 1, 2021 
to December 31, 2024. In addition, prepayment of USD 75,000 thousand has been paid by the 
Company in accordance with the contract. As of December 31, 2021, the prepayment mentioned 
above amounting to $1,848,649 is included under other non-current assets. 
 
 
          Pledged assets                             Items                December 31, 2021
December 31, 2020            Purpose        
 Other current assets and
    other non-current assets
Pledged restricted deposits
   and refundable deposits
587,368
$                 
673,277
$                 
Note
 Property, plant and 
Land and buildings 
470,670
                   
200,010
                   
Bank loans, financing
   equipment
 
 
   and credit limits
1,058,038
$              
873,287
$                 
                           Book Value

256
                              
B. ASMEDIA signed a material-purchase and production capacity agreement with the supplier, 
stipulating that a certain amount of material-purchase and production capacity must be reached 
every month. If the stipulation is not met, a certain percentage of differences will be paid according 
to the agreement. The agreement is valid from July 16, 2021 to December 31, 2023. In addition, 
under the agreement, the prepayment that needs to be paid in the future amounts to $846,880. 
10. SIGNIFICANT DISASTER LOSS: None. 
11. SIGNIFICANT EVENTS AFTER THE END OF THE FINANCIAL REPORTING PERIOD 
A. Because of the impact of Russia-Ukraine War, continuous compliance with the regulations of each 
country, and the complex challenges caused by supply chains, logistics, bank transactions and other 
factors, the shipment to Russian market by the Group has been at standstill as of March 16, 2022. 
In addition, there is no significant overdue for account receivables, and the related measures have 
be taken for receivable-collection positively. 
B. HCVC disposed its 1.06% equity interest in UPI on January 20, 2022, with the transaction 
amounting to $442,339 in total. 
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 liability ratio. 
This ratio is calculated as total liabilities by total assets. Total liabilities calculated as “current 
liabilities plus non-current liabilities” are shown in the consolidated balance sheets. 
During 2021, the Group’s strategy was to maintain the liability ratio within reasonable security range, 
which was unchanged from 2020. The liability ratios are as follows: 
 
 
 
December 31, 2021
December 31, 2020
Total liabilities
257,716,348
$          
181,873,165
$          
Total assets
504,152,814
$          
396,514,716
$          
Liability ratio
51.12%
45.87%

257
                              
(2) Financial instruments 
A. Financial instruments by category 
 
 
B. Financial risk management policies 
(A) The Group’s operating activities expose the Group to a variety of financial risks, including 
market risk (including foreign exchange risk, price risk and interest rate risk), credit risk and 
liquidity risk. To minimize any adverse effects on the financial performance of the Group, 
derivative financial instruments, such as foreign exchange forward contracts, currency option 
contracts and currency swap contracts are used to hedge certain exchange rate risk, and 
derivatives are used exclusively for hedging purposes and not as trading or speculative 
instruments. 
 
 
December 31, 2021
December 31, 2020
Financial assets
  Financial assets at fair value through profit or loss
    Financial assets mandatorily measured at fair value 
7,135,532
$                 
20,092,451
$               
       through profit or loss
  Financial assets at fair value through other comprehensive
     income
    Designation of equity instruments
75,652,456
                 
72,119,405
                 
  Financial assets at amortized cost
    Cash and cash equivalents
67,812,243
                 
56,779,464
                 
    Financial assets at amortized cost
8,355,419
                   
4,315,316
                   
    Notes receivable
4,158,773
                   
4,257,331
                   
    Trade receivables
89,083,799
                 
71,845,003
                 
    Other receivables
4,641,494
                   
496,974
                      
    Refundable deposits 
762,588
                      
961,375
                      
  Derivative financial assets for hedging
494,819
                      
14,234
                        
258,097,123
$             
230,881,553
$             
Financial liabilities
  Financial liabilities at fair value through profit or loss
    Financial liabilities held for trading
232,687
$                    
938,214
$                    
  Financial liabilities at amortized cost
    Short-term borrowings
9,396,555
                   
5,875,775
                   
    Notes and trade payables
95,730,026
                 
55,470,313
                 
    Other payables - accrued expenses
49,274,621
                 
40,898,928
                 
    Long-term borrowings (including current portion)
165,787
                      
-
                                 
    Deposits received
336,049
                      
328,463
                      
  Lease liabilities
1,452,242
                   
946,153
                      
  Derivative financial liabilities for hedging
58,036
                        
823,640
                      
156,646,003
$             
105,281,486
$

258
                              
(B) The Group’s key financial plans are all reviewed by the Board of Directors under the related 
principles and internal control system. When executing the financial plans, the Group’s 
treasury departments will follow the financial operating procedures in accordance with the 
overall financial risk management and proper segregation of duties. 
(C) Information about derivative financial instruments that are used to hedge financial risk are 
provided in Notes 6(2) and (5). 
C. Nature and degree of significant financial risks 
(A) Market risk 
Foreign exchange risk 
a. 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, EUR and CNY. Foreign exchange risk arises from 
future commercial transactions, recognized as assets and liabilities. 
b. The management has set up the 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’s treasury. Exchange rate risk is 
measured through a forecast of highly probable USD, EUR and CNY expenditures. 
Forward foreign exchange contracts are adopted to minimize the volatility of the 
exchange rate affecting recognition of revenue of forecast sale. 
c. The Group hedges foreign exchange rate by using forward exchange contracts and 
currency option contracts. However, the Group does not adopt hedging accounting. 
Details of financial assets or liabilities at fair value through profit or loss are provided in 
Note 6(2). 
d. The Group has certain investments in foreign operations, whose net assets are exposed to 
foreign currency translation risk. 
e. The Group’s businesses involve some non-functional currency operations (the 
Company’s and certain subsidiaries’ functional currency is NTD; other certain 
subsidiaries’ functional currency is USD, EUR, CNY, etc.). Non-monetary items are 
assessed to have no significant impact on the Group. The information on assets and 
liabilities denominated in foreign currencies whose values would be materially affected 
by the exchange rate fluctuations is as follows:

259
                              
 
f. Net currency exchange (losses) gains arising from foreign exchange variation on the 
monetary items from continuing operations and discontinued operations held by the 
Group for the years ended December 31, 2021 and 2020 amounted to $2,751,675 and 
$5,259,113, respectively. 
Price risk 
a. 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 its price risk arising from investments in equity 
instruments, the Group diversifies its portfolio. Diversification of the portfolio is done in 
Extent
of
variation
Effect on
profit
or loss
Effect on other
comprehensive
income
(Foreign currency:
functional currency)
Financial assets
Monetary items
   USD:NTD
3,138,043,049
$   
27.680
        
86,861,032
$   
1%
868,610
$    
-
$                    
   EUR:USD
446,187,126
        
31.320
        
13,974,545
    
1%
139,745
      
-
                      
   CNH:USD
3,322,395,560
     
4.343
          
14,429,137
    
1%
144,291
      
-
                      
Financial liabilities
Monetary items
   USD:NTD
6,113,837,966
     
27.680
        
169,231,035
   
1%
1,692,310
   
-
                      
   EUR:USD
66,579,177
          
31.320
        
2,085,255
      
1%
20,853
        
-
                      
   CNH:USD
3,037,702,634
     
4.343
          
13,192,718
    
1%
131,927
      
-
                      
Extent
of
variation
Effect on
profit
or loss
Effect on other
comprehensive
income
(Foreign currency:
functional currency)
Financial assets
Monetary items
   USD:NTD
2,321,935,612
$   
28.480
        
66,128,726
$   
1%
661,287
$    
-
$                    
   EUR:USD
353,451,346
        
35.019
        
12,377,516
    
1%
123,775
      
-
                      
   CNH:USD
3,304,429,849
     
4.377
          
14,464,732
    
1%
144,647
      
-
                      
Financial liabilities
Monetary items
   USD:NTD
4,002,562,600
     
28.480
        
113,992,983
   
1%
1,139,930
   
-
                      
   EUR:USD
57,997,419
          
35.019
        
2,031,012
      
1%
20,310
        
-
                      
   CNH:USD
2,442,318,122
     
4.377
          
10,690,945
    
1%
106,909
      
-
                      
Foreign
currency amount
(in dollars)
Exchange
 rate
Book value
(NTD)
Sensitivity Analysis
December 31, 2021
Foreign
currency amount
(in dollars)
Exchange
 rate
Book value
(NTD)
Sensitivity Analysis
December 31, 2020

260
                              
accordance with the limits set by the Group. 
b. The Group mainly invests in equity instruments comprised of shares and open-end funds 
issued by the domestic companies. The value of equity instruments are susceptible to 
market price risk arising from uncertainties about future performance of equity markets. 
Assuming a hypothetical increase of 1% in the price of the aforementioned financial 
assets at fair value through profit or loss while the other conditions remain unchanged 
could increase the Group’s non-operating revenue for the years ended December 31, 2021 
and 2020 by $5,329 and $5,720, respectively. A change of 1% in the price of the 
aforementioned financial assets at fair value through other comprehensive income could 
increase the Group’s other comprehensive income for the years ended December 31, 2021 
and 2020 by $756,525 and $721,194, respectively. 
Cash flow and fair value interest rate risk 
a. The Group’s main interest rate risk arises from long-term and short-term borrowings with 
variable rates which expose the Group to cash flow interest rate risk but is partially offset 
by cash and cash equivalents held at variable rates. During the years ended December 31, 
2021 and 2020, the Group’s borrowings at variable rates were denominated in USD and 
NTD. 
b. At December 31, 2021 and 2020, if interest rates on borrowings had been 1 basis point 
(0.01%) higher with all other variables held constant, non-operating expenses for the 
years ended December 31, 2021 and 2020 would have been $682 and $764 higher, 
respectively, mainly as a result of higher interest expense on floating rate borrowings. 
(B) Credit risk 
a. 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 contract cash flows of counterparties could not repay in full the accounts 
receivable based on the agreed terms and financial assets at amortized cost. 
b. The Group manages its credit risk taking into consideration the entire group’s concern. 
For banks and financial institutions, only independently rated parties with a minimum 
rating of “A” class above as evaluated by an independent party are accepted as 
counterparties. According to the Group’s credit policy, each operating entity in 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 in accordance with limits set by the Board of Directors, and the 
utilization of credit limits is regularly monitored.

261
                              
c. 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. 
d. The Group adopts the assumption under IFRS 9, that is, for most operating entities, the 
default occurs when the contract payments are past due over 90 days. For some 
subsidiaries, based on the local trading conditions and historical experience, the default 
occurs when the contract payments are past due over 180 days. 
e. The Group classifies customer’s accounts receivable in accordance with customer types. 
The Group applies the simplified approach using the provision matrix and loss rate 
method to estimate expected credit loss. 
f. The following indicators are used to determine whether the credit impairment of debt 
instruments has occurred: 
(a) It becomes probable that the issuer will enter bankruptcy or other financial 
reorganization due to their financial difficulties; 
(b) The disappearance of an active market for that financial asset because of financial 
difficulties; 
(c) Default or delinquency in interest or principal repayments; 
(d) Adverse changes in national or regional economic conditions that are expected to 
cause a default. 
(e) The internal or external credit rating of the instrument is “in default”. 
(f) The condition which met the breach of contract by the debtor or others was assessed 
case-by-case. 
g. The Group writes off the financial assets, which cannot reasonably be expected to be 
recovered, after initiating recourse procedures. However, the Group will continue 
executing the recourse procedures to secure their rights. On December 31, 2021 and 2020, 
the Group has no written-off financial assets that are still under recourse procedures. 
h. (a) The expected loss rate for the excellent credit quality clients is 0.01% ~ 0.3%, and the  
total carrying amount of notes and trade receivables amounted to $6,362,618 and 
$7,078,183 and loss allowance amounted to $485 and $438 as of December 31, 2021 
and 2020, respectively. 
(b) The Group refers to the forecast ability of global economic indicators to adjust the 
loss rate which is based on historical and current information when assessing the 
future default possibility of notes receivable and trade receivables. The provision 
matrix as of December 31, 2021 and 2020 is as follows:

262
                              
 
i. Movements in relation to the Group applying the simplified approach to provide loss 
allowance for notes and trade receivables are as follows: 
 
For provisioned loss for the years ended December 31, 2021 and 2020, the net impairment 
loss (reversal of benefits) arising from customer’s contract was $319,660 and ($43,057), 
respectively. 
j. The Group’s analysis on credit quality and expected credit loss of debt instruments 
investment 
The objective of the Group’s investment policy is to achieve a return under the 
requirements of principal preservation and liquidity supports. The policy requires to set 
upper limits of exposure to credit risk of each debt instruments’ issuer. The Group assesses 
whether there has been a significant increase in credit risk in the debt instrument 
investment since initial recognition according to financial market conditions, the changes 
in external credit ratings and material information of the debt instruments’ issuers. 
The Group regularly monitors, reviews and adjusts the limits according to market 
conditions and the credit standing of the counterparties. 
The Group assesses the 12 month expected credit loss and lifetime expected credit loss 
based on the probability of default and default loss provided by external credit rating 
agencies. The current credit risk assessment mechanism of the Group is as follows: 
Between 31
Between 61
Between 91
Not past
Less than 30
 and 60 days
 and 90 days
 and 180 days
More than 181
 December 31, 2021
due
days past due
past due
past due
past due
days past due
Total
Total book value
77,350,149
$         
7,606,891
$           
1,546,435
$           
502,586
$              
363,934
$              
992,644
$              
88,362,639
$         
Loss allowance
5,689
$                  
2,240
$                  
151,810
$              
55,980
$                
277,621
$              
988,860
$              
1,482,200
$           
Expected loss rate
0.01%~1.62%
0.01%~22.72%
0.06%~27.45%
0.21%~58.99%
1.54%~100%
10%~100%
Between 31
Between 61
Between 91
Not past
Less than 30
 and 60 days
 and 90 days
 and 180 days
More than 181
 December 31, 2020
due
days past due
past due
past due
past due
days past due
Total
Total book value
62,285,220
$         
5,551,649
$           
1,006,673
$           
260,249
$              
112,097
$              
1,029,720
$           
70,245,608
$         
Loss allowance
10,873
$                
783
$                     
93,023
$                
17,013
$                
69,735
$                
1,029,592
$           
1,221,019
$           
Expected loss rate
0.01%~4.68%
0.01%~22.72%
0.15%~44.83%
0.49%~69.79%
2.92%~100%
10%~100%
2021
2020
January 1
1,221,457
$              
1,320,002
$              
Recognition (reversal)
319,660
                   
43,057)
(                     
Write-offs
29,846)
(                     
17,233)
(                     
Reclassifications
-
                              
223)
(                          
Net exchange differences
28,586)
(                     
38,032)
(                     
December 31
1,482,685
$              
1,221,457
$

263
                              
 
k. Movements in loss allowance for investments in debt instruments carried at amortized 
cost of the Group are as follows: 
 
l. For investments in financial assets at amortized cost and debt instruments at fair value 
through profit or loss of the Group, the credit rating levels are as follows: 
 Credit
rating
 Definition
 Basis for recognizing
expected credit loss
Stage 1
Financial assets with no significant
increase in credit risk since initial
recognition or low credit risk on balance
sheet date
12 months expected credit loss
Stage 2
Financial assets with significant increase
in credit risk since initial recognition
Lifetime expected credit loss
12 months
Lifetime
12 months
Lifetime
expected credit loss
expected credit loss
expected credit loss
expected credit loss
January 1
60,188
$                   
-
$                            
-
$                            
-
$                            
Recognition
 (reversal)
45,342
                     
-
                              
62,447
                     
-
                              
Disposal
10,504)
(                     
-
                              
-
                              
-
                              
Net exchange
2,100)
(                       
-
                              
2,259)
(                       
-
                              
  differences
  
  
  
  
December 31
92,926
$                   
-
$                            
60,188
$                   
-
$                            
2021
2020
12 months
Lifetime
expected
expected
 credit loss
 credit loss
Total
Financial assets at amortized cost
  Time deposits
125,500
$          
-
$                     
125,500
$          
  Corporate bonds
     Internal rating - Stage 1
8,322,845
         
-
                       
8,322,845
         
Total book value
8,448,345
         
-
                       
8,448,345
         
Loss allowance
92,926)
(              
-
                       
92,926)
(              
8,355,419
$       
-
$                     
8,355,419
$       
December 31, 2021

264
                              
 
The Group’s financial assets at amortized cost are time deposits with an original due date 
of more than three months and various corporate bonds, and there is no significant 
abnormality in credit risk assessment. 
(C) Liquidity risk 
a. Cash flow forecasting is performed in the operating entities of the Group and aggregated 
by the Group treasury. The Group treasury monitors rolling forecasts of the Group’s 
liquidity requirements to ensure it has sufficient cash to meet operational needs while 
maintaining sufficient headroom on its undrawn committed borrowing facilities at all 
times so that the Group does not breach borrowing limits or covenants on any of its 
borrowing facilities. Such forecasting takes into consideration the Group’s cash flow 
plans and compliance with internal balance sheet ratio targets. 
b. The Group treasury invests surplus cash in demand deposits, time deposits and 
marketable securities, choosing instruments with appropriate maturities or sufficient 
liquidity to provide sufficient headroom as determined by the abovementioned forecasts. 
As of December 31, 2021 and 2020, the Group held financial assets at fair value through 
profit or loss of $4,128,749 and $19,970,017, respectively, that are expected to readily 
generate cash inflows for managing liquidity risk. 
c. The table below analyses the Group’s non-derivative financial liabilities and derivative 
financial liabilities into relevant maturity groupings based on the remaining period at the 
end of the financial reporting period to the contractual maturity date for non-derivative 
financial liabilities and to the expected maturity date for derivative financial liabilities. 
The amounts disclosed in the table are the contractual undiscounted cash flows. 
12 months
Lifetime
expected
expected
 credit loss
 credit loss
Total
Financial assets at amortized cost
  Time deposits
151,500
$          
-
$                     
151,500
$          
  Corporate bonds
     Internal rating - Stage 1
4,224,004
         
-
                       
4,224,004
         
Total book value
4,375,504
         
-
                       
4,375,504
         
Loss allowance
60,188)
(              
-
                       
60,188)
(              
4,315,316
$       
-
$                     
4,315,316
$       
December 31, 2020

265
                              
 
d. The Group does not expect the timing of occurrence of the cash flows estimated through 
the maturity date analysis to be significantly earlier, nor expect the actual cash flow amount 
to be significantly different. 
(3) Fair value information 
A. The different levels that 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 a market 
in which transactions for the asset or liability take place with sufficient frequency and 
volume to provide pricing information on an ongoing basis. 
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset 
or liability, either directly or indirectly. 
 Less than
1 year
 Between 1
and 2 years
 Between 2
and 3 years
 More than
3 years
 Total
Non-derivative
financial liabilities:
  Short-term borrowings
9,396,555
$    
-
$              
-
$              
-
$              
9,396,555
$    
  Notes and trade payables
95,730,026
    
-
               
-
               
-
               
95,730,026
    
  Other payables
     - accrued expenses
49,274,621
    
-
               
-
               
-
               
49,274,621
    
  Lease liabilities
528,252
         
385,668
    
232,747
    
382,335
    
1,529,002
      
  Long-term borrowings
    (including current
     portion)
10,744
           
10,852
      
10,958
      
133,233
    
165,787
        
  Other financial liabilities
1,385,033
      
-
               
2,060
        
-
               
1,387,093
      
Derivative financial liabilities:
  Forward exchange contracts  
265,871
         
-
               
-
               
-
               
265,871
        
  Currency option contracts
24,852
           
-
               
-
               
-
               
24,852
          
 Less than
1 year
 Between 1
and 2 years
 Between 2
and 3 years
 More than
3 years
 Total
Non-derivative
financial liabilities:
  Short-term borrowings
5,875,775
$    
-
$              
-
$              
-
$              
5,875,775
$    
  Notes and trade payables
55,470,313
    
-
               
-
               
-
               
55,470,313
    
  Other payables
     - accrued expenses
40,898,928
    
-
               
-
               
-
               
40,898,928
    
  Lease liabilities
432,617
         
265,227
    
165,908
    
158,540
    
1,022,292
      
  Other financial liabilities
1,294,357
      
3,530
        
-
               
2,252
        
1,300,139
      
Derivative financial liabilities:
  Forward exchange contracts  
1,472,626
      
-
               
-
               
-
               
1,472,626
      
  Currency option contracts
289,228
         
-
               
-
               
-
               
289,228
        
 December 31, 2021
 December 31, 2020

266
                              
Level 3: Unobservable inputs for the asset or liability. 
B. Financial instruments not measured at fair value 
(A) Except for those listed in the table below, the carrying amounts of cash and cash equivalents, 
financial assets at amortized cost - current, notes and trade receivables, other receivables, 
refundable deposits, short-term borrowings, notes and trade payables, other payables - 
accrued expenses, other current liabilities, current portion of long-term borrowings, long-
term borrowings, guarantee deposits received, lease liabilities, are reasonably approximate 
to the fair values. 
 
(B) The fair values of corporate bonds are determined by quoted market prices provided by third 
party pricing services. 
 
 
 
Book value
Level 1
Level 2
Level 3
Financial assets:
Financial assets at amortized cost -
  non-current
  Corporate bonds
8,229,919
$    
-
$               
8,178,907
$ 
-
$                  
Book value
Level 1
Level 2
Level 3
Financial assets:
Financial assets at amortized cost -
  non-current
  Corporate bonds
4,163,816
$    
-
$               
4,293,214
$ 
-
$                  
December 31, 2021
Fair value
December 31, 2020
Fair value

267
                              
C. The related information on 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 about the nature of the assets and liabilities is as follows: 
Level 1
Level 2
Level 3
Total
Assets:
Recurring fair value measurements
Financial assets at fair value
  through profit or loss
  Equity instruments
471,437
$       
4,575
$        
56,854
$      
532,866
$      
  Beneficiary certificates
6,434,715
      
36,284
        
-
                 
6,470,999
     
  Forward exchange contracts
-
                    
114,158
      
-
                 
114,158
        
  Currency option contracts
-
                    
8,057
         
-
                 
8,057
           
  Hybrid instruments
-
                    
-
                 
9,452
         
9,452
           
Derivative financial assets for hedging
-
                    
494,819
      
-
                 
494,819
        
Financial assets at fair value through
  other comprehensive income
  Equity instruments
75,361,815
    
216,511
      
74,130
        
75,652,456
   
82,267,967
$  
874,404
$    
140,436
$    
83,282,807
$ 
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value
  through profit or loss
  Forward exchange contracts
-
$                  
207,835
$    
-
$               
207,835
$      
  Currency option contracts
-
                    
24,852
        
-
                 
24,852
         
Derivative financial liabilities for hedging
-
                    
58,036
        
-
                 
58,036
         
-
$                  
290,723
$    
-
$               
290,723
$      
December 31, 2021

268
                              
 
(B) The methods and assumptions the Group used to measure fair value are as follows: 
a. The instruments the Group used market quoted prices as their fair values (that is, Level 
1) are listed below by characteristics: 
 
b. 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 
calculated by applying model using market information available at the financial 
reporting date. 
c. For high-complexity financial instruments, the fair value is measured by using self-
developed valuation model based on the valuation method and technique widely used 
within the same industry. The valuation model is normally applied to derivative financial 
instruments, debt instruments with embedded derivatives or securitised instruments. 
Level 1
Level 2
Level 3
Total
Assets:
Recurring fair value measurements
Financial assets at fair value
  through profit or loss
  Equity instruments
508,242
$       
5,055
$        
58,710
$      
572,007
$      
  Beneficiary certificates
19,456,752
    
42,988
        
-
                 
19,499,740
   
  Forward exchange contracts
-
                    
9,686
         
-
                 
9,686
           
  Hybrid instruments
-
                    
-
                 
11,018
        
11,018
         
Derivative financial assets for hedging
-
                    
14,234
        
-
                 
14,234
         
Financial assets at fair value through
  other comprehensive income
  Equity instruments
71,619,389
    
232,627
      
267,389
      
72,119,405
   
91,584,383
$  
304,590
$    
337,117
$    
92,226,090
$ 
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value
  through profit or loss
  Forward exchange contracts
-
$                  
648,986
$    
-
$               
648,986
$      
  Currency option contracts
-
                    
289,228
      
-
                 
289,228
        
Derivative financial liabilities for hedging
-
                    
823,640
      
-
                 
823,640
        
-
$                  
1,761,854
$ 
-
$               
1,761,854
$   
December 31, 2020
Listed and OTC stocks
Open-end fund
 Market quoted price
Closing price
Net asset value

269
                              
Certain inputs used in the valuation model are not observable at market, and the Group 
must make reasonable estimates based on its assumptions. 
d. The valuation of derivative financial instruments is based on valuation model widely 
accepted by market participants, such as present value techniques and option pricing 
models. Forward exchange contracts are usually valued based on the current forward 
exchange rate.  
e. 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, for example, model risk or liquidity risk. 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 at the consolidated balance sheets. The pricing 
and inputs information used during valuation are carefully assessed and adjusted based 
on current market conditions. 
D. For the years ended December 31, 2021 and 2020, there was no transfer between Level 1 and 
Level 2. 
E. The movement of financial and non-financial instruments measured at fair value by Level 3 is as 
follows: 
 
Equity instruments
Debt instruments
Total
January 1
337,117
$               
-
$                       
337,117
$   
Acquisitions
30,000
                   
-
                         
30,000
       
Recognition in profit (loss) (Note 1)
3,422)
(                     
-
                         
3,422)
(        
Recognition in other comprehensive
115,165)
(                 
-
                         
115,165)
(     
  income (loss) (Note 2) 
Reclassifications
108,094)
(                 
-
                         
108,094)
(     
December 31
140,436
$               
-
$                       
140,436
$   
2021
Equity instruments
Debt instruments
Total
January 1
67,627
$                 
120,000
$            
187,627
$   
Acquisitions
129,765
                 
-
                         
129,765
     
Recognition in profit (loss) (Note 1)
4,482
                     
-
                         
4,482
        
Recognition in other comprehensive
15,243
                   
-
                         
15,243
       
  income (loss) (Note 2) 
  
  
  
Reclassifications
120,000
                 
120,000)
(             
-
                
December 31
337,117
$               
-
$                       
337,117
$   
2020

270
                              
 
F. The investment segment is in charge of valuation procedures for fair value measurements being 
categorized 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 source of 
information is independent, reliable and in line with other resources and any other necessary 
adjustments to the fair value. 
The investment segment cooperatively set up valuation policies, valuation processes and rules 
for measuring fair value of financial instruments that ensure compliance with the related 
requirements in IFRS. 
G. The following is the qualitative information of significant unobservable inputs and sensitivity 
analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair 
value measurement: 
Note 1 : Recorded as other gains (losses).
Note 2 : Recorded as unrealized gain (loss) from investments in equity instruments measured at
              fair value through other comprehensive income.
Significant
Range
Relationship of
Fair value at
Valuation
unobservable
(weighted
inputs to
December 31, 2021
    technique    
input
average)
fair value
Equity instruments:
   Unlisted and
      non-OTC stocks
37,495
$                 
  Net asset
    value
Not applicable
Not applicable
  The higher the net
   asset value, the
   higher the fair
   value
   Unlisted and
      non-OTC stocks
93,489
                   
  Discounted
    cash flow
    method
Note 1
Not applicable
  Note 2
Hybrid instruments:
   Unlisted and
      non-OTC stocks
45,343
                   
  Discounted
    cash flow
    method
Note 1
Not applicable
  Note 2
   Embedded option
35,891)
(                   
  Option
     pricing
     model
Stock price
volatility
Not applicable
 The higher the stock
  price volatility, the
  higher the fair value

271
                              
 
Note 1: Long-term revenue growth rate, weighted average cost of capital, long-term operating 
profit before income tax, discount for lack of marketability and discounts for minority 
interest. 
Note 2: The higher the discount for lack of marketability is, the lower the fair value is; the higher 
the weighted average cost of capital and discount for minority interest are, the lower the 
fair value is; the higher the long-term revenue growth rate and long-term operating profit 
before income tax are, the higher the fair value is. 
H. The Group has carefully assessed the valuation models and assumptions used to measure fair 
value; therefore, the fair value measurement is reasonable. However, use of different valuation 
models or assumptions may result in a different outcome. 
13. SUPPLEMENTARY DISCLOSURES 
(1) Significant transactions information 
A. Financing provided: Please refer to table 1. 
B. Endorsements and guarantees provided: None. 
C. Marketable securities held at the end of period (excluding investments in subsidiaries, associates 
and joint ventures): Please refer to table 2. 
D. Marketable securities acquired and disposed of at costs or prices of at least $300 million or 20% 
of the paid-in capital: Please refer to table 3. 
E. Acquisition of real estate properties at costs of at least $300 million or 20% of the paid-in capital: 
None. 
F. Disposal of real estate properties at prices of at least $300 million or 20% of the paid-in capital: 
Significant
Range
Relationship of
Fair value at
Valuation
unobservable
(weighted
inputs to
December 31, 2020
    technique    
input
average)
fair value
Equity instruments:
   Unlisted and
      non-OTC stocks
39,350
$                 
  Net asset
    value
Not applicable
Not applicable
  The higher the net
   asset value, the
   higher the fair
   value
   Unlisted and
      non-OTC stocks
286,749
                 
  Discounted
    cash flow
    method
Note 1
Not applicable
  Note 2
Hybrid instruments:
   Unlisted and
      non-OTC stocks
56,084
                   
  Discounted
    cash flow
    method
Note 1
Not applicable
  Note 2
   Embedded option
45,066)
(                   
  Option
     pricing
     model
Stock price
volatility
Not applicable
 The higher the stock
  price volatility, the
  higher the fair value

272
                              
None. 
G. Total purchases from or sales to related parties of at least $100 million or 20% of the paid-in 
capital: Please refer to table 4. 
H. Receivables from related parties amounting to at least $100 million or 20% of the paid-in capital: 
Please refer to table 5. 
I. Trading in derivative instruments undertaken during the reporting period: Please refer to 6(2), 
(5). 
J. Intercompany relationships and significant intercompany transactions: Please refer to table 6. 
(2) Information on investees 
Names, locations, and related information of investees over which the Company exercises 
significant influence (excluding information on investments in mainland China): Please refer to table 
7. 
(3) Information on investments in China 
A. Information on investments in mainland China: Please refer to table 8. 
B. Significant transactions, either directly or indirectly through a third area, with investee companies 
in China: Please refer to table 6. 
(4) Major shareholders information 
Major shareholders information: None. 
14. OPERATING SEGMENT INFORMATION 
(1) General information 
Management has determined the reportable operating segments based on the reports reviewed by 
the Board of Directors that are used to make strategic decisions. There is no material change in the 
basis for formation of entities and division of segments in the Group or in the measurement basis 
for segment information in this period. 
(2) Measurement basis 
The Group uses the revenue and operating profit as the measurement for operating segment profit 
and the basis of performance assessment. The accounting policies of the operating segments and the 
accounting policies described in Note 4 of the consolidated financial statements are the same. 
(3) Segment information 
The segment information provided to the chief operating decision-maker for the reportable segments 
is as follows:

273
                              
 
 
Note 1: Including discontinued operations. 
Note 2: The intra-segment revenues have been eliminated to $0. 
Note 3: Because the Group’s segment assets are not provided to the chief operating decision-marker, 
such items are not required to be disclosed. 
(4) Reconciliation for segment income 
A. The intra-segment transactions are based on fair value. The revenues from external customers 
reported to the chief operating decision-maker are measured in a manner consistent with the 
consolidated statements of comprehensive income. 
B. The reconciliation of the reportable continuing operation’s profit (others are the same as 
consolidated statements of comprehensive income) is as follows: 
 
 
 
3C Brand
Others
Total
Revenues from external customers
498,341,376
$       
36,897,359
$         
535,238,735
$       
Revenues from other segments
2,059,375
$           
5,281,521
$           
- (Note 2)
Segment income from continuing operations
48,215,200
$         
1,093,125
$           
49,308,325
$         
Total assets held by continuing operations
-
$                         
-
$                         
-
$                         
  (Note 3)
  
  
  
Year Ended December 31, 2021
3C Brand
Others
Total
Revenues from external customers
381,107,037
$       
36,086,010
$         
417,193,047
$       
  (Note 1)
  
  
  
Revenues from other segments (Note 1)
1,327,538
$           
5,359,599
$           
- (Note 2)
Segment income from continuing operations
22,488,679
$         
2,461,717
$           
24,950,396
$         
Total assets held by continuing operations
-
$                         
-
$                         
-
$                         
  (Note 3)
  
  
  
Year Ended December 31, 2020
December 31, 2021
December 31, 2020
Reportable continuing operation’s profit 
49,308,325
$            
24,950,396
$            
   before adjustment
Unallocated (loss) profit
17,277
                     
6,667
                       
Reportable continuing operation’s profit
49,325,602
$            
24,957,063
$            
Years Ended

274
                              
(5) Geographical information 
Geographical information for the years ended December 31, 2021 and 2020 is as follows: 
 
The above non-current assets exclude financing instruments, deferred income tax assets and certain 
other non-current assets. 
(6) Major customer information 
No single customer accounts for more than 10% of the consolidated operating revenue for the years 
ended December 31, 2021 and 2020. 
 
 Revenue 
 Non-current assets 
 Revenue 
 Non-current assets 
Taiwan
58,115,720
$   
24,216,555
$          
50,112,061
$   
21,511,485
$          
China
93,558,202
     
6,994,363
              
64,871,106
     
8,482,871
              
Singapore
213,335,297
   
64,897
                   
158,379,349
   
59,097
                   
USA
101,713,640
   
1,248,163
              
83,838,466
     
1,289,416
              
Europe
25,368,477
     
359,969
                 
23,465,450
     
348,954
                 
Others
43,147,399
     
530,177
                 
36,526,615
     
429,012
                 
535,238,735
   
33,414,124
$          
417,193,047
   
32,120,835
$          
Exclude (revenue)
-
                     
4,412,608)
(       
  from contracts with
  customers from
  discontinued
  operations
  
  
Total
535,238,735
$ 
412,780,439
$ 
Years Ended
December 31, 2021
December 31, 2020

275
Item
Value
1
ASUS
ASKEY
Other receivables 
Yes
1,000,000
               
1,000,000
        
-
                  
1.00
b
-
Need for
operations
-
-
-
34,849,683
        
46,466,244
        
2
ASTP
ASGL
Yes
24,912,000
             
24,912,000
      
24,912,000
      
 0.23575 ~
b
-
Need for
-
-
-
38,241,435
        
38,241,435
        
(USD  900,000) (USD  900,000) (USD  900,000)  0.99706
operations
(USD 1,381,555) (USD 1,381,555)
3
ASTP
QCS
Yes
481,097
                  
481,097
           
52,322
             
 0.5
b
-
Need for
-
-
-
38,241,435
        
38,241,435
        
(SEK  156,709) (SEK  156,709)
(SEK  17,043 )
operations
(USD 1,381,555) (USD 1,381,555)
Note 1
Nature for Financing
 
a. Business transaction calls for a loan arrangement. 
                                b. The need for short-term financing.
Note 2
Limit of total financing amount
a.  According to Procedures for Lending of ASUS, limit of total financing amount shall not exceed 20% of the net worth of ASUS as of the period.
                       b. According to Procedures for Lending of ASTP, limit of total financing amount to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by publicly traded parent company - ASUS,
                             which are not located in Taiwan, shall not exceed 100% of the net worth of ASTP as of the period.
Limit financing amount for individual counterparty
a.  According to Procedures for Lending of ASUS, limit of financing amount for individual counterparty shall not exceed 15% of the net worth of ASUS as of the period.
                                                                                   b. According to Procedures for Lending of ASTP, limit of financing amount to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by publicly traded parent 
                                                                                        company - ASUS, which are not located in Taiwan, for individual counterparty shall not exceed 100% of the net worth of ASTP as of the period.
Financing
Company’s
Total Financing
Amount Limits
Note 2
Note
Interest
Rate
(%)
Maximum
Balance for the
Period
Nature for
Financing
Note 1
Transaction
Amounts
Reason for
Financing
Financing
Limits for Each
Borrowing
Company
Note 2
Loss
allowance
Ending Balance
Amount
Actually Drawn
Collateral
Other non-current
assets
Other non-current
assets
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
FINANCING PROVIDED
YEAR ENDED DECEMBER 31, 2021
Table 1
(Amounts in thousands of New Taiwan dollars and foreign currencies)
No.
Financing
Company
Counter-
party
Financial Statement
Account
Related
Party

276
Type
Name
Shares/Units
Carrying Value
Percentage
(%)
Fair Value
ASUS
Stock
SPORTON
-
a
353,213
                          
76,647
                                  
0.36
          
76,647
                                 
ASUS
Stock
GLOBALWAFERS
-
c
1,626,626
                       
1,444,444
                             
0.37
          
1,444,444
                            
ASUS
Stock
JMC
-
c
830,000
                          
46,895
                                  
1.00
          
46,895
                                 
ASUS
Stock
ENE
b
c
444,365
                          
26,218
                                  
1.00
          
26,218
                                 
ASUS
Stock
ALCOR MICRO
-
c
905,879
                          
54,715
                                  
1.00
          
54,715
                                 
ASUS
Stock
AZUREWAVE
-
c
934,745
                          
25,378
                                  
0.62
          
25,378
                                 
ASUS
Stock
LEDLINK
-
c
718,607
                          
22,708
                                  
1.53
          
22,708
                                 
ASUS
Fund
TNP
-
b
100
                                 
8,906
                                    
2.05
          
8,906
                                   
ASUS
Fund
TNP LIGHT
-
b
184
                                 
19,233
                                  
3.67
          
19,233
                                 
ASUS
Stock
EMPASS
-
d
1,162,359
                       
36,350
                                  
15.86
        
36,350
                                 
ASUS
Stock
ADVANTECH
-
d
103,177,983
                   
40,910,070
                           
13.33
        
40,910,070
                          
ASUS
Stock
PEGA
-
d
448,506,484
                   
30,991,798
                           
16.80
        
30,991,798
                          
ASUS
Stock
NANOLUX
-
d
536
                                 
66,044
                                  
10.84
        
66,044
                                 
ASUS
Stock
APTOS
-
d
312,600
                          
-
                                            
0.35
          
-
                                           
ASUS
Stock
94BOT
-
d
100,000
                          
-
                                            
4.80
          
-
                                           
ASUS
Stock
A-WEI TECH
-
d
301,876
                          
1,352
                                    
1.83
          
1,352
                                   
ASUS
Stock
AISTORM
-
d
178,784
                          
14,613
                                  
0.69
          
14,613
                                 
ASUS
Stock
EOSTEK
-
d
1,600,000
                       
13,464
                                  
14.94
        
13,464
                                 
ASUS
Stock
AMTRUST
b
d
7,500,000
                       
83,553
                                  
7.81
          
83,553
                                 
ASMEDIA
Fund
FUH HWA RMB  MONEY MARKET
-
a
531,862
                          
28,643
                                  
-
                
28,643
                                 
ASMEDIA
Fund
MEGA DIAMOND  MONEY MARKET
-
a
23,739,799
                     
300,964
                                
-
                
300,964
                               
ASMEDIA
Fund
CAPITAL  MONEY MARKET
-
a
17,226,216
                     
280,737
                                
-
                
280,737
                               
ASMEDIA
Stock
AUGENTIX
-
d
1,600,000
                       
27,136
                                  
11.59
        
27,136
                                 
ASMEDIA
Stock
ICATCH TECHNOLOGY
-
d
5,500,000
                       
476,630
                                
7.38
          
476,630
                               
ASMEDIA
Stock
WT PREFERRED STOCK
a
d
8,000,000
                       
391,600
                                
-
                
391,600
                               
ASKEY
Stock
CIPHERMAX
-
b
9,234
                              
-
                                            
0.00
-
                                           
ASKEY
Stock
RETI
-
b
80,700
                            
-
                                            
3.32
          
-
                                           
MIC
Stock
BROADCOM
-
b
90
                                   
1,658
                                    
0.00
1,658
                                   
MIC
Stock
ZARLINK SEMI-CONDUCTOR
-
b
44,775
                            
-
                                            
0.04
-
                                           
DIC
Stock
FORTE' MEDIA
-
b
200,000
                          
-
                                            
0.30
-
                                           
HCVC
Fund
YUANTA WAN TAI  MONEY MARKET
-
a
558,765
                          
8,538
                                    
-
                
8,538
                                   
HCVC
Fund
TAISHIN 1699 MONEY MARKET
-
a
2,722,282
                       
37,237
                                  
-
                
37,237
                                 
HCVC
Fund
YUANTA DE BAO  MONEY MARKET
-
a
348,419
                          
4,226
                                    
-
                
4,226
                                   
HCVC
Stock
LEDLINK
-
c
336,546
                          
10,635
                                  
0.67
10,635
                                 
HCVC
Stock
APAQ TECHNOLOGY
b
d
10,668,012
                     
647,548
                                
11.99
647,548
                               
HCVC
Stock
A-WEI TECH
-
d
301,876
                          
1,352
                                    
1.83
1,352
                                   
HMI
Fund
TAISHIN 1699 MONEY MARKET
-
a
2,496,303
                       
34,146
                                  
-
                
34,146
                                 
HMI
Stock
APAQ TECHNOLOGY
-
d
3,210,015
                       
194,848
                                
3.61
194,848
                               
HMI
Stock
A-WEI TECH
-
d
174,417
                          
781
                                       
1.06
781
                                      
AAEON
Stock
ADVANTECH
-
a
802
                                 
318
                                       
0.00
318
                                      
AAEON
Fund
MEGA DIAMOND  MONEY MARKET
-
a
2,091,070
                       
26,510
                                  
-
                
26,510
                                 
AAEON
Stock
MACHVISION TECHNOLOGY
b
a
1,180,198
                       
329,275
                                
2.64
329,275
                               
AAEON
Stock
ATECH OEM TECHNOLOGY
b
a
234
                                 
3
                                           
0.00
3
                                          
AAEON
Stock
INSYNERGER TECHNOLOGY
-
b
1,710,000
                       
19,359
                                  
19.29
        
19,359
                                 
AAEON
Stock
UNITECH ELECTRONICS
-
a
549,657
                          
12,285
                                  
0.73
12,285
                                 
AAEON
Stock
LILEE SYSTEMS PREFERRED STOCK
-
a
468,750
                          
-
                                            
-
                
-
                                           
AAEON
Stock
ALLIED BIOTECH
b
a
300,000
                          
4,575
                                    
0.31
4,575
                                   
AAEON
Stock
TELEION WIRELESS PREFERRED  STOCK
-
a
149,700
                          
-
                                            
-
                
-
                                           
AAEON
Stock
V-NET AAEON
-
b
29
                                   
9,452
                                    
14.50
9,452
                                   
AAEONI
Stock
ATECH OEM TECHNOLOGY
b
a
3,456,000
                       
41,126
                                  
5.82
41,126
                                 
AAEONI
Stock
SUNENGINE
b
a
156,903
                          
1,089
                                    
2.75
1,089
                                   
ONYX
Stock
MELTEN CONNECTED HEALTHCARE
-
d
4,193,548
                       
2,381
                                    
6.61
2,381
                                   
ONYX
Stock
MACHVISION TECHNOLOGY
b
a
18,716
                            
5,222
                                    
0.04
          
5,222
                                   
ONYX
Stock
INNO FUND III
-
b
3,000,000
                       
36,406
                                  
13.04
        
36,406
                                 
ONYX
Stock
TOP UNION ELECTRONICS
-
a
169,658
                          
4,903
                                    
0.17
          
4,903
                                   
ONYX
Stock
PROTECTLIFE INTERNATIONAL BIOMEDICAL
-
d
2,500,000
                       
30,000
                                  
6.30
          
30,000
                                 
ASGL
Fund
JIH SUN MONEY MARKET
-
a
816,699
                          
12,240
                                  
-
                
12,240
                                 
ASGL
Fund
USD TERM LIQUIDITY (USD185A3)
-
a
952,519
                          
2,778,557
                             
-
                
2,778,557
                            
ASGL
Fund
USD TERM LIQUIDITY (USD370A)
-
b
959,903
                          
2,781,409
                             
-
                
2,781,409
                            
ASGL
Bond
AAC TECHNOLOGIES HOLDINGS
-
e
1,900,000
                      
53,215
                                
-
                
53,268
                               
ASGL
Bond
ABBVIE
-
e
1,750,000
                      
52,345
                                
-
                
51,372
                               
ASGL
Bond
ADANI TRANSMISSION
-
e
1,850,000
                      
52,675
                                
-
                
53,791
                               
ASGL
Bond
AERCAP IRELAND CAPITAL DAC/ AERCAP GLOBAL AVIATION
TRUST
-
e
3,550,000
                       
107,198
                                
-
                
106,790
                               
ASGL
Bond
AFRICA FINANCE
-
e
3,690,000
                      
107,425
                              
-
                
107,950
                             
ASGL
Bond
AIB GROUP
-
e
1,800,000
                      
52,505
                                
-
                
52,475
                               
ASGL
Bond
AIR LEASE
-
e
3,900,000
                      
108,329
                              
-
                
106,227
                             
ASGL
Bond
AIRCASTLE
-
e
3,580,000
                      
107,413
                              
-
                
106,199
                             
ASGL
Bond
ALCON FINANCE
-
e
1,500,000
                      
44,241
                                
-
                
42,934
                               
ASGL
Bond
ALLY FINANCIAL
-
e
1,670,000
                      
51,992
                                
-
                
52,185
                               
ASGL
Bond
APT PIPELINE
-
e
1,640,000
                      
48,918
                                
-
                
48,562
                               
ASGL
Bond
ARCELORMITTAL
-
e
1,900,000
                      
57,154
                                
-
                
57,596
                               
ASGL
Bond
ARDAGH PACKAGING FINANCE / ARDAGH MP HOLDINGS
USA
-
e
1,140,000
                       
32,056
                                  
-
                
32,581
                                 
ASGL
Bond
AUSTRALIA AND NEW ZEALAND BANKING GROUP
-
e
3,460,000
                      
106,656
                              
-
                
104,890
                             
ASGL
Bond
AVIATION CAPITAL GROUP
-
e
3,920,000
                      
108,413
                              
-
                
105,888
                             
ASGL
Bond
AVOLON HOLDINGS FUNDING
-
e
3,450,000
                       
107,018
                                
-
                
105,584
                               
ASGL
Bond
BANCO BTG PACTUAL OF CAYMAN ISLANDS
-
e
2,420,000
                      
64,410
                                
-
                
65,745
                               
ASGL
Bond
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR
-
e
3,820,000
                      
107,923
                              
-
                
105,870
                             
ASGL
Bond
BANCO SANTANDER
-
e
3,400,000
                      
106,466
                              
-
                
104,778
                             
ASGL
Bond
BANK OF AMERICA
-
e
3,430,000
                      
106,333
                              
-
                
104,580
                             
ASGL
Bond
BANK OF NOVA SCOTIA
-
e
1,670,000
                      
51,835
                                
-
                
50,801
                               
(Amounts in thousands of New Taiwan dollars)
Note
Held
Company
Name
Relationship with the
Company
(Note 1)
Financial Statement Account
(Note 2)
 December 31, 2021
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
MARKETABLE SECURITIES HELD
(EXCLUDING INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES)
 DECEMBER 31, 2021
Marketable Securities
Table 2

277
Type
Name
Shares/Units
Carrying Value
Percentage
(%)
Fair Value
Note
Held
Company
Name
Relationship with the
Company
(Note 1)
Financial Statement Account
(Note 2)
 December 31, 2021
Marketable Securities
ASGL
Bond
BARCLAYS
-
e
3,410,000
                      
104,529
                                
-
              
105,326
                               
ASGL
Bond
BAYER US FINANCE II
-
e
3,530,000
                      
107,755
                                
-
              
105,731
                               
ASGL
Bond
BERRY GLOBAL
-
e
3,740,000
                      
107,565
                                
-
              
107,086
                               
ASGL
Bond
BHARAT PETROLEUM
-
e
1,840,000
                      
52,431
                                  
-
              
53,120
                                 
ASGL
Bond
BHARTI AIRTEL
-
e
2,110,000
                      
61,194
                                  
-
              
62,219
                                 
ASGL
Bond
BNP PARIBAS
-
e
3,520,000
                      
107,738
                                
-
              
106,010
                               
ASGL
Bond
BOC AVIATION
-
e
3,860,000
                      
108,592
                                
-
              
107,712
                               
ASGL
Bond
BPCE
-
e
3,420,000
                      
106,542
                                
-
              
104,472
                               
ASGL
Bond
CHENIERE CORPUS CHRISTI HOLDINGS
-
e
1,690,000
                      
51,227
                                  
-
              
51,863
                                 
ASGL
Bond
CHOUZHOU INTERNATIONAL INVESTMENT
-
e
3,820,000
                      
106,884
                                
-
              
107,748
                               
ASGL
Bond
CIFI HOLDINGS GROUP
-
e
1,150,000
                      
31,313
                                  
-
              
30,718
                                 
ASGL
Bond
CIT BANK, N.A.
-
e
1,880,000
                      
53,063
                                  
-
              
53,600
                                 
ASGL
Bond
CITIGROUP
-
e
1,680,000
                      
51,976
                                  
-
              
51,307
                                 
ASGL
Bond
CNH INDUSTRIAL CAPITAL
-
e
1,940,000
                      
53,738
                                  
-
              
53,749
                                 
ASGL
Bond
COLORADO INTERSTATE GAS / COLORADO INTERSTATE
ISSUING
-
e
1,940,000
                       
58,476
                                  
-
                
58,445
                                 
ASGL
Bond
COMMONWEALTH BANK OF AUSTRALIA
-
e
1,700,000
                      
51,855
                                  
-
              
51,642
                                 
ASGL
Bond
CONAGRA BRANDS
-
e
1,680,000
                      
51,835
                                  
-
              
51,151
                                 
ASGL
Bond
COOPERATIEVE RABOBANK U.A.
-
e
3,570,000
                      
108,137
                                
-
              
106,478
                               
ASGL
Bond
COX COMMUNICATION
-
e
1,750,000
                      
52,615
                                  
-
              
51,438
                                 
ASGL
Bond
CREDIT SUISSE GROUP
-
e
3,440,000
                      
107,297
                                
-
              
104,961
                               
ASGL
Bond
CROWN AMERICAS / CROWN AMERICAS CAPITAL V
-
e
2,240,000
                      
62,708
                                  
-
              
66,188
                                 
ASGL
Bond
CVS HEALTH
-
e
1,780,000
                      
52,708
                                  
-
              
52,055
                                 
ASGL
Bond
DELL INTERNATIONAL / EMC
-
e
3,310,000
                      
105,326
                                
-
              
104,753
                               
ASGL
Bond
DEUTSCHE BANK
-
e
2,520,000
                      
74,193
                                  
-
              
74,599
                                 
ASGL
Bond
DISCOVER BANK
-
e
1,760,000
                      
52,393
                                  
-
              
51,559
                                 
ASGL
Bond
GENTING NY / GENNY CAP
-
e
3,940,000
                      
108,902
                                
-
              
108,015
                               
ASGL
Bond
GLENCORE FUNDING
-
e
1,960,000
                      
54,077
                                  
-
              
53,720
                                 
ASGL
Bond
GLOBAL PAYMENTS
-
e
1,660,000
                      
51,761
                                  
-
              
51,036
                                 
ASGL
Bond
GLP
-
e
3,710,000
                      
106,152
                                
-
              
106,935
                               
ASGL
Bond
GOLDMAN SACHS GROUP
-
e
1,720,000
                      
52,651
                                  
-
              
51,942
                                 
ASGL
Bond
HCA
-
e
1,650,000
                      
51,462
                                  
-
              
51,386
                                 
ASGL
Bond
HEWLETT PACKARD
-
e
2,130,000
                      
59,084
                                  
-
              
58,917
                                 
ASGL
Bond
HIKMA FINANCE USA
-
e
3,780,000
                      
107,973
                                
-
              
107,368
                               
ASGL
Bond
HYATT HOTELS
-
e
3,600,000
                      
106,894
                                
-
              
108,387
                               
ASGL
Bond
ICICI BANK OF DUBAI
-
e
1,830,000
                      
52,831
                                  
-
              
53,943
                                 
ASGL
Bond
INTERNATIONAL GAME TECHNOLOGY
-
e
1,200,000
                      
33,590
                                  
-
              
34,215
                                 
ASGL
Bond
IQVIA
-
e
2,330,000
                      
64,055
                                  
-
              
66,187
                                 
ASGL
Bond
JERSEY CENTRAL POWER & LIGHT
-
e
1,800,000
                      
54,477
                                  
-
              
54,056
                                 
ASGL
Bond
KEYBANK NATIONAL ASSOCIATION OF CLEVELAND, OHIO
-
e
1,700,000
                      
51,258
                                  
-
              
50,163
                                 
ASGL
Bond
KOHL'S
-
e
2,100,000
                      
61,545
                                  
-
              
62,244
                                 
ASGL
Bond
LENNAR
-
e
3,390,000
                      
105,968
                                
-
              
105,247
                               
ASGL
Bond
LEVIATHAN BOND
-
e
2,230,000
                      
63,616
                                  
-
              
65,394
                                 
ASGL
Bond
LLOYDS BANKING GROUP
-
e
3,460,000
                      
104,765
                                
-
              
105,006
                               
ASGL
Bond
LUNDIN ENERGY FINANCE BV
-
e
3,910,000
                      
107,846
                                
-
              
107,531
                               
ASGL
Bond
LYB INTERNATIONAL FINANCE III
-
e
1,000,000
                      
27,160
                                  
-
              
26,707
                                 
ASGL
Bond
MACQUARIE BANK
-
e
3,490,000
                      
106,180
                                
-
              
105,389
                               
ASGL
Bond
MARATHON PETROLEUM
-
e
1,760,000
                      
52,674
                                  
-
              
53,167
                                 
ASGL
Bond
MEG ENERGY
-
e
2,350,000
                      
66,200
                                  
-
              
66,208
                                 
ASGL
Bond
MEITUAN
-
e
1,490,000
                      
39,741
                                  
-
              
39,795
                                 
ASGL
Bond
MEXICO CITY AIRPORT TRUST
-
e
3,600,000
                      
106,883
                                
-
              
105,502
                               
ASGL
Bond
MGM GROWTH PROPERTIE SOPERATING PARTNERSHIP / MGP
FINANCE
-
e
1,150,000
                       
31,656
                                  
-
                
33,901
                                 
ASGL
Bond
MICROCHIP TECHNOLOGY
-
e
1,000,000
                      
28,648
                                  
-
              
28,750
                                 
ASGL
Bond
MITSUBISHI UFJ FINANCIAL GROUP
-
e
1,760,000
                      
52,291
                                  
-
              
50,687
                                 
ASGL
Bond
MIZUHO FINANCIAL GROUP
-
e
1,882,000
                      
56,916
                                  
-
              
55,734
                                 
ASGL
Bond
NATIONWIDE BUILDING SOCIETY
-
e
3,510,000
                      
107,009
                                
-
              
104,364
                               
ASGL
Bond
NORTHRIVER MIDSTREAM FINANCE
-
e
2,330,000
                      
64,251
                                  
-
              
67,126
                                 
ASGL
Bond
NXP / NXP FUNDING
-
e
1,630,000
                      
51,955
                                  
-
              
50,999
                                 
ASGL
Bond
OCCIDENTAL PETROLEUM
-
e
2,400,000
                      
58,425
                                  
-
              
68,245
                                 
ASGL
Bond
ONEOK
-
e
3,340,000
                      
104,635
                                
-
              
106,066
                               
ASGL
Bond
ONGC VIDESH VANKORNEFT
-
e
3,700,000
                      
105,857
                                
-
              
107,327
                               
ASGL
Bond
OVINTIV EXPLORATION
-
e
1,240,000
                      
33,224
                                  
-
              
38,035
                                 
ASGL
Bond
PACIFIC GAS AND ELECTRIC
-
e
3,830,000
                      
106,853
                                
-
              
107,793
                               
ASGL
Bond
PHILLIPS 66 PARTNERS
-
e
3,580,000
                      
107,068
                                
-
              
105,486
                               
ASGL
Bond
PRIME SECURITY SERVICES BORROWER / PRIME FINANCE
-
e
2,190,000
                      
63,631
                                  
-
              
65,085
                                 
ASGL
Bond
PT BANK MANDIRI (PERSERO)
-
e
1,740,000
                      
51,509
                                  
-
              
52,595
                                 
ASGL
Bond
PULTEGROUP
-
e
1,570,000
                      
49,782
                                  
-
              
49,412
                                 
ASGL
Bond
ROYALTY PHARMA
-
e
1,960,000
                      
53,706
                                  
-
              
53,133
                                 
ASGL
Bond
SABINE PASS LIQUEFACTION
-
e
1,640,000
                      
51,482
                                  
-
              
52,107
                                 
ASGL
Bond
SANTANDER UK GROUP HOLDINGS
-
e
3,460,000
                      
105,329
                                
-
              
104,503
                               
ASGL
Bond
SHIMAO GROUP HOLDINGS
-
e
3,770,000
                      
107,016
                                
-
              
65,119
                                 
ASGL
Bond
SHINHAN BANK
-
e
3,540,000
                      
106,566
                                
-
              
104,740
                               
ASGL
Bond
SHINHAN FINANCIAL GROUP
-
e
1,950,000
                      
54,070
                                  
-
              
53,222
                                 
ASGL
Bond
SK HYNIX
-
e
660,000
                         
17,998
                                  
-
              
17,875
                                 
ASGL
Bond
SOCIETE GENERALE
-
e
3,520,000
                      
105,111
                                
-
              
104,605
                               
ASGL
Bond
SOFTBANK GROUP
-
e
1,140,000
                      
30,705
                                  
-
              
30,929
                                 
ASGL
Bond
SOLVAY FINANCE AMERICA
-
e
1,680,000
                      
51,491
                                  
-
              
50,695
                                 
ASGL
Bond
SOUTHWESTERN ENERGY
-
e
2,240,000
                      
66,181
                                  
-
              
68,141
                                 
ASGL
Bond
STANDARD CHARTERED
-
e
3,530,000
                      
106,936
                                
-
              
105,142
                               
ASGL
Bond
SUMITOMO MITSUI FINANCIAL GROUP
-
e
1,760,000
                      
52,077
                                  
-
              
50,607
                                 
ASGL
Bond
SYNCHRONY FINANCIAL
-
e
3,540,000
                      
104,181
                                
-
              
104,115
                               
ASGL
Bond
SYNGENTA FINANCE
-
e
3,550,000
                      
107,594
                                
-
              
105,563
                               
ASGL
Bond
TECHNIPFMC
-
e
2,210,000
                      
63,807
                                  
-
              
65,501
                                 
ASGL
Bond
TENGIZCHEVROIL FINANCE INTERNATIONAL
-
e
3,800,000
                      
106,846
                                
-
              
105,568
                               
ASGL
Bond
T-MOBILE USA
-
e
1,930,000
                      
53,427
                                  
-
              
52,798
                                 
ASGL
Bond
TRINITY ACQUISITION
-
e
1,680,000
                      
52,267
                                  
-
              
50,896
                                 
ASGL
Bond
TURKCELL ILETISIM HIZMETLERI
-
e
1,200,000
                      
31,673
                                  
-
              
32,718
                                 
ASGL
Bond
UBS GROUP
-
e
1,660,000
                      
51,542
                                  
-
              
50,127
                                 
ASGL
Bond
UTAH ACQUISITION SUB
-
e
3,260,000
                      
98,525
                                  
-
              
97,342
                                 
ASGL
Bond
VANKE REAL ESTATE (HONG KONG)
-
e
1,710,000
                      
48,937
                                  
-
              
47,900
                                 
ASGL
Bond
VMWARE
-
e
1,690,000
                      
51,073
                                  
-
              
50,960
                                 
ASGL
Bond
WESTERN MIDSTREAM OPERATING
-
e
2,300,000
                      
63,193
                                  
-
              
67,844
                                 
ASGL
Bond
WOODSIDE FINANCE
-
e
2,020,000
                      
58,647
                                  
-
              
59,514
                                 
ASGL
Bond
XP US EQUITY
-
e
1,620,000
                      
41,474
                                  
-
              
43,182
                                 
AIL
Fund
PRODIGY STRATEGY INVESTMENT XIV
-
a
3,530
                              
133,349
                                
-
                
133,349
                               
AIL
Stock
EONEX
-
d
31,733
                            
-
                                            
2.70
-
                                           
AIL
Stock
ISTAGING
-
d
988,889
                          
13,615
                                  
2.15
13,615
                                 
AIL
Stock
PTSN
-
d
260,977,800
                   
118,328
                                
4.91
118,328
                               
AIL
Fund
ASIA PACIFIC GENESIS C
-
b
-
                                     
8,145
                                    
9.00
8,145
                                   
UEI
Fund
CAPITAL  MONEY MARKET
-
a
500,661
                          
8,159
                                    
-
                
8,159
                                   
Note 1
 a. Associate. b. Other related parties.
Note 2
 a. Financial assets at fair value through profit or loss - current
b. Financial assets at fair value through profit or loss - non-current
c. Financial assets at fair value through other comprehensive income - current
Note 2
 d. Financial assets at fair value through other comprehensive income - non-current
e. Financial assets measured at amortized costs - non-current.

278
Type
Name
Shares/Units
Amount
Shares/Units
Amount
(Note 2)
Shares/Units
Amount
Carrying
Value
(Note 2)
Gain/Loss on
Disposal
Shares/Units
Amount
ASUS
Fund
a
-
-
   229,708,763    3,057,355   926,872,737      12,350,963
a
1,156,581,500
  
15,413,658
  
15,401,832
 
a
11,826
          
-
                      
                  -
6,486
          
b
ASUS
Fund
a
-
-
   241,402,253    3,682,640   215,230,958        3,285,000
a
456,633,211
     
6,968,648
     
6,965,318
   
a
3,330
            
-
                      
                  -
2,322
          
b
ASUS
Fund
a
-
-
   133,714,369    2,251,857     83,041,839
       1,400,000
a
216,756,208
     
3,653,033
     
3,650,000
   
a
3,033
            
-
                      
                  -
1,857
          
b
ASUS
Fund
a
-
-
   107,829,740    1,512,161   340,568,324        4,780,237
a
448,398,064
     
6,294,520
     
6,289,085
   
a
5,435
            
-
                      
                  -
3,313
          
b
ASUS
Fund
a
-
-
     96,539,338
   1,382,482   135,286,995        1,940,000
a
231,826,333
     
3,324,255
     
3,320,000
   
a
4,255
            
-
                      
                  -
2,482
          
b
ASUS
Fund
a
-
-
   219,593,451    2,996,550   357,788,065        4,890,000
a
577,381,516
     
7,891,122
     
7,880,370
   
a
10,752
          
-
                      
                  -
6,180
          
b
ASUS
Fund
a
-
-
     48,707,812
      800,946     97,415,623
       1,603,223
a
146,123,435
     
2,405,172
     
2,403,274
   
a
1,898
            
-
                      
                  -
895
             
b
ASUS
Fund
a
-
-
     72,749,890
   1,195,928     71,692,616
       1,180,000
a
144,442,506
     
2,377,337
     
2,374,000
   
a
3,337
            
-
                      
                  -
1,928
          
b
ASUS
Fund
a
-
-
     60,296,929
      901,439     52,734,870
          790,000
a
113,031,799
     
1,693,034
     
1,690,000
   
a
3,034
            
-
                      
                  -
1,439
          
b
ASUS
Fund
a
-
-
                       -                   -
  219,452,779        2,660,000
a
219,452,779
     
2,660,369
     
2,660,000
   
a
369
               
-
                      
                  -
ASUTC
Fund
a
-
-
     60,031,084
      987,145   120,062,169        1,976,686
a
180,093,253
     
2,965,760
     
2,947,686
   
a
18,074
          
-
                      
                  -
16,145
        
b
ASGL
Fund
a
-
-
                       -                   -
         952,519
       2,800,900
a
-
                        
-
                    
33,025
        
c
-
                    
952,519
          
   2,778,557
            10,682
b
ASGL
Fund
b
-
-
                       -                   -
         959,903
       2,800,900
a
-
                        
-
                    
33,059
        
c
-
                    
959,903
          
   2,781,409
            13,568
b
ASUS
Stock
e
POSIFLEX
-
                       -                   -
    29,493,170
       1,500,000
a
-
                        
-
                    
18,940
        
e
-
                    
29,493,170
    
   1,563,796
            80,830
d
               1,906
f
ASUS
Stock
d
-
-
   110,677,983  38,737,294                       -                        -
7,500,000
         
2,754,909
     
354,004
      
a
2,400,905
     
103,177,983
  
 40,910,070
       2,526,780
b
(Note 3)
ASTP
Capital
e
-
-
                       -           1,099
                      -           413,816
a
-
                        
-
                    
-
                  
-
                    
-
                      
      420,158
               1,576
d
               3,667
c
Note 1
a. Financial assets at fair value through profit or loss - current.
               b. Financial assets at fair value through profit or loss - non-current.
               c. Financial assets at fair value through other comprehensive income - current.
               d. Financial assets at fair value through other comprehensive income - non-current.
               e. Investments accounted for under equity method.
Note 2
a. Acquired or capital increase/ disposed or capital reduction/liquidation in this period.
               b. Revaluation.
               c. Recognized in effect of exchange rate changes.
               d. Recognized in investment gain or loss under equity investment.
               e. Recognized in other comprehensive income (loss) under equity investment.
               f. Recognized in capital surplus under equity investment.
Note 3
The difference of disposal is the accumulated other comprehensive income transferred to retained earnings.
APVN
UPAMC JAMES BOND
MONEY MARKET
ADVANTECH
PORTWELL
SINOPAC TWD
MONEY MARKET
TAISHIN TA CHONG
MONEY MARKET
TAISHIN 1699 MONEY
MARKET
NOMURA TAIWAN
MONEY MARKET
YUANTA DE LI
MONEY MARKET
JIH SUN MONEY
MARKET
NOMURA TAIWAN
MONEY MARKET
USD TERM LIQUIDITY
(USD185A3)
USD TERM LIQUIDITY
(USD370A)
YUANTA DE BAO
MONEY MARKET
UNION  MONEY
MARKET
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Table 3
MARKETABLE SECURITIES ACQUIRED AND DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION
OR 20% OF THE PAID-IN CAPITAL
YEAR ENDED DECEMBER 31, 2021
(Amounts in thousands of New Taiwan dollars)
YUANTA WAN TAI
MONEY MARKET
Ending Balance
Acquisition
Company
Name
Financial
Statement
Account
(Note 1)
Counter-
party
Disposal
Beginning Balance
Marketable Securities
Nature of
Relationship

279
Purchases/
(Sales)
Amount
Percentage of
Total
Purchases/
(Sales)
amount (%)
Payment Terms
Unit Price
Payment Terms
Ending Balance
Percentage of
Total Notes/Trade
Receivables
(Payables) (%)
ASUS
ASUTC
b
(Sales)
23,143,705)
(          
5.06)
(             
OA 90
 -
-
2,459,425
            
1.95
                       
ASUS
ASGL
b
(Sales)
422,707,167)
(        
92.43)
(           
OA 180
 -
-
63,819,459
          
50.49
                     
ASUS
AAEON
b
(Sales)
1,120,200)
(            
0.24)
(             
Month-end 30 days
 -
-
121,793
               
0.10
                       
ASUS
UEI
b
(Sales)
628,529)
(               
0.14)
(             
OA 30
 -
-
13,292
                 
0.01
                       
ASUS
ASKEY
b
Purchases
292,446
               
0.04
             
Month-end 60 days
 -
-
56,793)
(                 
0.04)
(                       
ASUS
ASMEDIA
b
Purchases
453,647
               
0.07
             
Month-end 30 days
 -
-
37,626)
(                 
0.03)
(                       
ASUS
WT
c
Purchases
2,051,524
            
0.32
             
Month-end 60 days
 -
-
822,249)
(               
0.59)
(                       
ASGL
ACCQ
b
(Sales)
10,752,861)
(          
2.30)
(             
OA 180
 -
-
713,636
               
0.58
                       
ASGL
ACI
b
(Sales)
99,558,218)
(          
21.26)
(           
OA 180
 -
-
38,909,032
          
31.51
                     
ASGL
ACSH
b
(Sales)
79,602,953)
(          
17.00)
(           
OA 180
 -
-
25,492,444
          
20.64
                     
ASGL
ACJP
b
(Sales)
8,083,226)
(            
1.73)
(             
OA 120
 -
-
1,923,681
            
1.56
                       
ASGL
ASIN
b
(Sales)
13,836,078)
(          
2.96)
(             
OA 180
 -
-
6,231,928
            
5.05
                       
ASGL
ACMH
b
(Sales)
4,068,857)
(            
0.87)
(             
OA 180
 -
-
1,187,709
            
0.96
                       
ASGL
ACNL
b
(Sales)
23,661,986)
(          
5.05)
(             
OA 180
 -
-
6,174,868
            
5.00
                       
ASGL
ACJK
b
(Sales)
13,473,050)
(          
2.88)
(             
OA 180
 -
-
5,688,996
            
4.61
                       
ASGL
ACBT
b
(Sales)
442,178)
(               
0.09)
(             
OA 180
 -
-
176,263
               
0.14
                       
ASGL
ACG
b
(Sales)
757,949)
(               
0.16)
(             
OA 90
 -
-
180,960
               
0.15
                       
ASGL
ACH
b
(Sales)
103,043)
(               
0.02)
(             
OA 90
 -
-
29,802
                 
0.02
                       
ASMEDIA
WT
c
(Sales)
928,142)
(               
15.45)
(           
Month-end 30 days
 -
-
40,010
                 
7.48
                       
ASKEY
ASKEYI
b
(Sales)
5,936,568)
(            
25.29)
(           
Month-end 90 days
 -
-
1,526,359
            
20.60
                     
ASKEY
SILIGENCE
b
(Sales)
317,411)
(               
1.35)
(             
Month-end 90 days
 -
-
16,833
                 
0.23
                       
ASKEY
ASKEYJS
b
(Sales)
3,967,604)
(            
NA (Note 2) Month-end 90 days
-
-
681,639
               
9.20
                       
ASKEY
ASKEYJS
b
Purchases
12,887,228
          
52.28
           
Month-end 90 days
Based on cost of finished
goods plus related
expenditure of related party
-
3,830,294)
(            
56.60)
(                     
ASKEY
WT
c
Purchases
321,500
               
1.30
             
Month-end 120 days
-
-
29,250)
(                 
0.43)
(                       
ASKEYJS
WT
c
Purchases
172,163
               
1.60
             
Month-end 120 days
-
-
49,836)
(                 
1.75)
(                       
ASKEYJS
TECHMOSA
c
Purchases
151,798
               
1.41
             
Month-end 120 days
-
-
-
                           
-
                             
AAEON
AAEONEI
b
(Sales)
983,439)
(               
22.20)
(           
Month-end 60 days
 -
-
220,205
               
21.49
                     
AAEON
AAEONEU
b
(Sales)
707,740)
(               
15.97)
(           
Month-end 60 days
 -
-
221,870
               
21.66
                     
AAEON
AAEONSZ
b
(Sales)
311,994)
(               
7.04)
(             
Month-end 60 days
-
-
53,464
                 
5.22
                       
AAEON
ONYXHU
b
(Sales)
122,769)
(               
2.77)
(             
Month-end 60 days
-
-
25,449
                 
2.48
                       
ONYX
ONYXHU
b
(Sales)
277,974)
(               
29.72)
(           
Month-end 90 days
-
-
99,253
                 
45.38
                     
Note 1 :  a. Parent company
b. Subsidiary
c. Associate
d. Other.
Note 2
Purchasing raw materials is for subsidiary and the related sales revenue are eliminated in the financial reports.
(Amounts in thousands of New Taiwan dollars)
Note
Company
Name
Related Party
Nature of
Relationship
(Note 1)
Transaction Details
Abnormal Transaction
Notes/Trade Receivables
(Payables)
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES OF AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL
YEAR ENDED DECEMBER 31, 2021
Table 4

280
Table 5
Amount
Action Taken
ASUS
ASUTC
b
2,459,425
                       
9.47
-
                              
-
2,322,396
                               
-
                                         
ASUS
ASGL
b
63,819,459
                     
12.41
-
                              
-
63,795,796
                             
-
                                         
ASUS
AAEON
b
121,793
                          
13.71
-
                              
-
90,463
                                    
-
                                         
ASGL
ACCQ
b
713,636
                          
6.40
-
                              
-
486,478
                                  
-
                                         
ASGL
ACI
b
38,909,032
                     
2.99
-
                              
-
14,501,692
                             
-
                                         
ASGL
ACSH
b
25,492,444
                     
3.76
-
                              
-
10,880,409
                             
-
                                         
ASGL
ACJP
b
1,923,681
                       
3.52
-
                              
-
1,552,702
                               
-
                                         
ASGL
ASIN
b
6,231,928
                       
2.61
-
                              
-
2,295,164
                               
-
                                         
ASGL
ACMH
b
1,187,709
                       
3.73
-
                              
-
658,555
                                  
-
                                         
ASGL
ACNL
b
6,174,868
                       
4.56
-
                              
-
4,010,316
                               
-
                                         
ASGL
ACJK
b
5,688,996
                       
2.95
-
                              
-
2,792,219
                               
-
                                         
ASGL
ACBT
b
176,263
                          
4.12
-
                              
-
74,499
                                    
-
                                         
ASGL
ACG
b
180,960
                          
5.70
-
                              
-
178,700
                                  
-
                                         
ASGL
ACIN
b
147,291
                          
0.35
-
                              
-
22,204
                                    
-
                                         
ASGL
ASTH
b
117,424
                          
0.05
-
                              
-
20,183
                                    
4,715
                                  
ASKEY
ASKEYI
b
1,526,359
                       
3.71
-
                              
-
55,584
                                    
-
                                         
ASKEY
ASKEYJS
b
681,639
                          
4.32
-
                              
-
359,838
                                  
-
                                         
AAEON
AAEONEU
b
221,870
                          
4.73
-
                              
-
68,217
                                    
-
                                         
AAEON
AAEONEI
b
220,205
                          
7.17
-
                              
-
217,321
                                  
-
                                         
ASKEYJS
ASKEY
b
3,830,294
                       
3.20
-
                              
-
470,560
                                  
-
                                         
Note 
a. Parent company
b. Subsidiary
c. Associate
d. Other.
Turnover (Times)
Amounts Received
in Subsequent Period
Loss allowance
Company Name
Related Party
Nature of
Relationship
(Note)
Ending Balance
Overdue
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL
 DECEMBER 31, 2021
(Amounts in thousands of New Taiwan dollars)

281
Financial Statements Account
Amount
Terms
Percentage of
Consolidated Net Revenue
or Total Assets (%)
0
ASUS
ASUTC
a
Sales
23,143,705
                                    
OA 90
4.32
                                           
0
ASUS
ASGL
a
Sales
422,707,167
                                  
OA 180
78.98
                                         
0
ASUS
AAEON
a
Sales
1,120,200
                                      
Month-end 30 days
0.21
                                           
0
ASUS
UEI
a
Sales
628,529
                                         
OA 30
0.12
                                           
1
ASMEDIA
ASUS
b
Sales
453,647
                                         
Month-end 30 days
0.08
                                           
2
ASGL
ACCQ
c
Sales
10,752,861
                                    
OA 180
2.01
                                           
2
ASGL
ACI
c
Sales
99,558,218
                                    
OA 180
18.60
                                         
2
ASGL
ACSH
c
Sales
79,602,953
                                    
OA 180
14.87
                                         
2
ASGL
ACJP
c
Sales
8,083,226
                                      
OA 120
1.51
                                           
2
ASGL
ASIN
c
Sales
13,836,078
                                    
OA 180
2.59
                                           
2
ASGL
ACMH
c
Sales
4,068,857
                                      
OA 180
0.76
                                           
2
ASGL
ACNL
c
Sales
23,661,986
                                    
OA 180
4.42
                                           
2
ASGL
ACJK
c
Sales
13,473,050
                                    
OA 180
2.52
                                           
2
ASGL
ACBT
c
Sales
442,178
                                         
OA 180
0.08
                                           
2
ASGL
ACG
c
Sales
757,949
                                         
OA 90
0.14
                                           
2
ASGL
ACH
c
Sales
103,043
                                         
OA 90
0.02
                                           
3
ASKEY
ASUS
b
Sales
292,446
                                         
Month-end 60 days
0.05
                                           
3
ASKEY
SILIGENCE
c
Sales
317,411
                                         
Month-end 90 days
0.06
                                           
3
ASKEY
ASKEYI
c
Sales
5,936,568
                                      
Month-end 90 days
1.11
                                           
3
ASKEY
ASKEYJS
c
Sales
3,967,604
                                      
Month-end 90 days
0.74
                                           
4
ASKEYJS
ASKEY
c
Sales
12,887,228
                                    
Month-end 90 days
2.41
                                           
5
AAEON
AAEONEI
c
Sales
983,439
                                         
Month-end 60 days
0.18
                                           
5
AAEON
AAEONSZ
c
Sales
311,994
                                         
Month-end 60 days
0.06
                                           
5
AAEON
AAEONEU
c
Sales
707,740
                                         
Month-end 60 days
0.13
                                           
5
AAEON
ONYXHU
c
Sales
122,769
                                         
Month-end 60 days
0.02
                                           
6
ONYX
ONYXHU
c
Sales
277,974
                                         
Month-end 90 days
0.05
                                           
7
ACH
ASGL
c
Service revenue
385,199
                                         
Pay on delivery
0.07
                                           
8
ACAE
ASGL
c
Service revenue
158,999
                                         
Pay on delivery
0.03
                                           
9
ACI
ASGL
c
Service revenue
560,415
                                         
Pay on delivery
0.10
                                           
10
ACCZS
ASGL
c
Service revenue
459,026
                                         
Pay on delivery
0.09
                                           
11
ACF
ASGL
c
Service revenue
435,023
                                         
Pay on delivery
0.08
                                           
12
ACG
ASGL
c
Service revenue
389,954
                                         
Pay on delivery
0.07
                                           
13
ACHK
ASGL
c
Service revenue
152,805
                                         
Pay on delivery
0.03
                                           
14
ACIN
ASGL
c
Service revenue
140,826
                                         
Pay on delivery
0.03
                                           
15
ACKR
ASGL
c
Service revenue
114,098
                                         
Pay on delivery
0.02
                                           
16
ACPL
ASGL
c
Service revenue
126,927
                                         
Pay on delivery
0.02
                                           
17
ACUK
ASGL
c
Service revenue
230,501
                                         
Pay on delivery
0.04
                                           
18
ACVN
ASGL
c
Service revenue
136,284
                                         
Pay on delivery
0.03
                                           
19
ACCQ
ASGL
c
Service revenue
1,301,399
                                      
Pay on delivery
0.24
                                           
20
ACSH
ASGL
c
Service revenue
174,890
                                         
Pay on delivery
0.03
                                           
21
ACSZ
ASGL
c
Service revenue
2,366,810
                                      
Pay on delivery
0.44
                                           
22
ACAU
ASGL
c
Service revenue
207,684
                                         
Pay on delivery
0.04
                                           
23
ACN
ASGL
c
Service revenue
316,725
                                         
Pay on delivery
0.06
                                           
24
ACIT
ACNL
c
Service revenue
231,179
                                         
Pay on delivery
0.04
                                           
25
ACIB
ACNL
c
Service revenue
187,724
                                         
Pay on delivery
0.04
                                           
26
ACS
ASGL
c
Service revenue
187,933
                                         
Pay on delivery
0.04
                                           
No.
(Note 1)
Company Name
Related Party
Nature of
Relationship
(Note 2)
Table 6-1
Intercompany Transactions
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS
(ONLY TRANSACTIONS AMOUNTING TO AT LEAST NT$100 MILLION ARE DISCLOSED)
YEAR ENDED DECEMBER 31, 2021
(Amounts in thousands of New Taiwan dollars)

282
Financial Statements Account
Amount
Terms
Percentage of
Consolidated Net Revenue
or Total Assets (%)
0
ASUS
ASUTC
a
Trade receivables
2,459,425
                                      
OA 90
0.49
                                           
0
ASUS
ASGL
a
Trade receivables
63,819,459
                                    
OA 180
12.66
                                         
0
ASUS
AAEON
a
Trade receivables
121,793
                                         
Month-end 30 days
0.02
                                           
2
ASGL
ACCQ
c
Trade receivables
713,636
                                         
OA 180
0.14
                                           
2
ASGL
ACI
c
Trade receivables
38,909,032
                                    
OA 180
7.72
                                           
2
ASGL
ACSH
c
Trade receivables
25,492,444
                                    
OA 180
5.06
                                           
2
ASGL
ACJP
c
Trade receivables
1,923,681
                                      
OA 120
0.38
                                           
2
ASGL
ASIN
c
Trade receivables
6,231,928
                                      
OA 180
1.24
                                           
2
ASGL
ACMH
c
Trade receivables
1,187,709
                                      
OA 180
0.24
                                           
2
ASGL
ACNL
c
Trade receivables
6,174,868
                                      
OA 180
1.22
                                           
2
ASGL
ACJK
c
Trade receivables
5,688,996
                                      
OA 180
1.13
                                           
2
ASGL
ACBT
c
Trade receivables
176,263
                                         
OA 180
0.03
                                           
2
ASGL
ACG
c
Trade receivables
180,960
                                         
OA 90
0.04
                                           
2
ASGL
ACIN
c
Trade receivables
147,291
                                         
OA 150
0.03
                                           
2
ASGL
ASTH
c
Trade receivables
117,424
                                         
OA 150
0.02
                                           
3
ASKEY
ASKEYI
c
Trade receivables
1,526,359
                                      
Month-end 90 days
0.30
                                           
3
ASKEY
ASKEYJS
c
Trade receivables
681,639
                                         
Month-end 90 days
0.14
                                           
4
ASKEYJS
ASKEY
c
Trade receivables
3,830,294
                                      
Month-end 90 days
0.76
                                           
5
AAEON
AAEONEI
c
Trade receivables
220,205
                                         
Month-end 60 days
0.04
                                           
5
AAEON
AAEONEU
c
Trade receivables
221,870
                                         
Month-end 60 days
0.04
                                           
7
ACH
ASGL
c
Trade receivables
121,812
                                         
Pay on delivery
0.02
                                           
10
ACCZS
ASGL
c
Trade receivables
100,890
                                         
Pay on delivery
0.02
                                           
11
ACF
ASGL
c
Other receivables
121,112
                                         
Pay on delivery
0.02
                                           
12
ACG
ASGL
c
Trade receivables
120,800
                                         
Pay on delivery
0.02
                                           
19
ACCQ
ASGL
c
Other receivables
301,169
                                         
Pay on delivery
0.06
                                           
21
ACSZ
ASGL
c
Trade receivables
774,524
                                         
Pay on delivery
0.15
                                           
22
ACAU
ASGL
c
Other receivables
146,530
                                         
Pay on delivery
0.03
                                           
Note 1
 ASUS and its subsidiaries are coded as follows:
                a. ASUS is coded 0.
                b. The subsidiaries are coded consecutively beginning from 1 in the order presented in the table above.
Note 2
 Transactions are categorized as follows:
                a. The parent company to subsidiary.
                b. Subsidiary to parent company.
                c. Subsidiary to subsidiary.  
Table 6-2
(Amounts in thousands of New Taiwan dollars)
No.
(Note 1)
Company Name
Related Party
Nature of
Relationship
(Note 2)
Intercompany Transactions
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS
(ONLY TRANSACTIONS AMOUNTING TO AT LEAST NT$100 MILLION ARE DISCLOSED)
 DECEMBER 31, 2021

283
December 31,
2021
December 31,
2020
 Shares
 Percentage of
Ownership (%)
Carrying
Value
ASUS
ACI
U.S.A
Selling of 3C products in North  America
13,320
             
13,320
                  
50,000
             
100.00
            
-
                      
1,650,091
        
1,650,091
     
Note 2 and 3
ASUS
ASUTC
Taiwan
Selling of 3C products in Taiwan
204,244
           
204,244
                
19,000,000
      
100.00
            
216,326
           
520,353
           
520,353
        
Note 1 and 2
ASUS
ACH
Netherlands
Repairing of 3C products
155,336
           
37,821
                  
10,800,000
      
100.00
            
325,071
           
12,595
             
12,595
          
Note 2
ASUS
AIL
Cayman Islands
Investing in 3C and computer peripheral business
3,281,057
        
3,281,057
             
89,730,042
      
100.00
            
34,654,377
      
2,597,679
        
2,597,679
     
Note 1 and 2
ASUS
DEEP
Taiwan
Researching, developing and selling of AI medical
related software
45,030
             
45,030
                  
674,908
           
21.96
              
40,362
             
13,509)
(             
2,966)
(            
Note 2
ASUS
ASGL
Singapore
Selling of 3C products
838,070
           
838,070
                
28,000,000
      
100.00
            
49,928,352
      
17,629,540
      
16,450,878
   
Note 2
ASUS
ASKEY
Taiwan
Designing, manufacturing, repairing and selling of
communication products and computer peripheral
spare parts
5,021,108
        
5,021,108
             
480,000,000
    
100.00
            
731,690
           
1,732,472)
(        
1,717,840)
(     
Note 2
ASUS
HCVC
Taiwan
Investing in computer peripherals business
1,100,000
        
1,100,000
             
114,500,000
    
100.00
            
3,077,622
        
376,646
           
376,646
        
Note 2
ASUS
HMI
Taiwan
Investing in computer peripherals business
680,000
           
680,000
                
68,000,000
      
100.00
            
1,657,921
        
186,378
           
186,378
        
Note 2
ASUS
QCI
Singapore
Servicing of information technology
25,290
             
25,290
                  
830,001
           
100.00
            
43,242
             
32,640
             
32,640
          
Note 2
ASUS
ASUSCLOUD
Taiwan
Selling and consulting of internet service
596,678
           
596,678
                
23,645,558
      
94.58
              
24,103
             
76,009)
(             
71,891)
(          
Note 2
ASUS
UEI
Taiwan
Manufacturing and selling  of automotive electronics
and computer peripherals
66,354
             
66,354
                  
21,300,000
      
100.00
            
245,770
           
152,242
           
152,242
        
Note 2
ASUS
GAIUS
Cayman Islands
Investing in electric motor tricycle industry
310,400
           
310,400
                
16,386,481
      
35.00
              
218,354
           
136,758)
(           
47,865)
(          
Note 2
ASUS
TWS
Taiwan
Servicing of AI computing
299,000
           
-
                            
29,900,000
      
100.00
            
152,242
           
146,758)
(           
146,758)
(        
Note 2
ASUS
PORTWELL
Taiwan
Manufacturing and selling of  computers and
computer peripherals and servicing information
software
1,500,000
        
-
                            
29,493,170
      
30.00
              
1,563,796
        
363,604
           
80,830
          
Note 2
ASUS
NEXTS
Cayman Islands
Investing in cloud computing service business
94,324
             
94,324
                  
8,560,974
        
43.48
              
97,740
             
39,337
             
17,103
          
Note 2
ASUS
LELTEKH
Cayman Islands
Researching, developing, selling of handheld
ultrasound solutions
136,054
           
-
                            
8,418,740
        
22.78
              
140,710
           
7,232)
(               
1,647)
(            
Note 2
ASUS and HCVC ACJK
Indonesia
Selling of 3C products in Indonesia
259,576
           
259,576
                
8,500
               
100.00
            
6,501
               
179,590)
(           
179,590)
(        
Note 2
ASUS and HCVC IMOTION
Taiwan
Investing in AI and IPC peripherals business
270,000
           
270,000
                
27,000,000
      
30.00
              
60,514
             
4,126
               
1,052
            
Note 2
ASUS and HCVC ACBT
Indonesia
Selling of 3C products in Indonesia
1,126,979
        
1,126,979
             
4,211,100
        
100.00
            
100,919
           
55,323)
(             
55,323)
(          
Note 2
ASUS and HCVC SWI
Taiwan
Researching, developing, selling and consulting of
information system software
72,146
             
72,146
                  
5,469,750
        
51.00
              
75,877
             
1,771
               
903
               
Note 2
ASUS and HCVC IUT
Taiwan
Researching, developing, manufacturing and selling
of ink-jet print heads and ink-jet digital image output
technology
177,743
           
177,743
                
11,323,682
      
69.25
              
124,278
           
8,127
               
5,628
            
Note 2
ASUS
HCVC
and HMI
ASMEDIA
Taiwan
Designing, researching, developing and
manufacturing of high-speed analog circuit
342,673
           
342,673
                
31,775,315
      
45.99
              
7,445,626
        
3,193,148
        
1,130,522
     
Note 2
ASUS
HCVC
and HMI
EMC
Taiwan
Designing, manufacturing and selling of computer
peripheral spare parts
81,060
             
81,060
                  
6,359,548
        
17.78
              
292,629
           
627,912
           
39,737
          
Note 2
ASUS
HCVC
and HMI
AAEON
Taiwan
Manufacturing and selling of industrial computers
and computer peripherals
3,357,568
        
3,357,568
             
60,474,000
      
40.69
              
5,001,342
        
468,244
           
128,751
        
Note 2
ASUS
HCVC
and HMI
JPX
Taiwan
Designing and selling of computer peripheral spare
parts
20,000
             
20,000
                  
2,000,000
        
15.38
              
5,970
               
23,609)
(             
1,923)
(            
Note 2
ASUS and HCVC UPI
Taiwan
Designing, researching, developing and selling of
integrated circuits
452,526
           
486,532
                
23,889,905
      
33.79
              
2,110,845
        
1,113,190
        
317,057
        
Note 2
ASUS
HMI and
AAEON
ONYX
Taiwan
Designing, manufacturing and selling of medical
computers
146,376
           
146,376
                
17,188,300
      
56.80
              
567,147
           
131,481
           
7,361
            
Note 2 and 4
HMI
JOGEEK
Taiwan
Selling and repairing of information software and
electronic information materials
30,000
             
30,000
                  
3,000,000
        
100.00
            
24,828
             
2,395)
(               
-
                    
Note 2
ASKEY
ASKEYI
U.S.A
Selling and servicing of communication products
307,607
           
307,607
                
10,000,000
      
100.00
            
22,827
             
42,198
             
-
                    
Note 2
ASKEY
DIC
British Virgin Islands
Investing in communication business
271,695
           
271,695
                
8,160,172
        
100.00
            
74,095
             
59
                    
-
                    
Note 2
ASKEY
MIC
British Virgin Islands
Investing in communication business
3,752,306
        
3,752,306
             
114,942,014
    
100.00
            
3,015,925
        
56,376
             
-
                    
Note 2
ASKEY
ECOLAND
Taiwan
Planning and design integration of ecology,
architecture and energy
21,840
             
21,840
                  
780,000
           
33.91
              
-
                      
6,081)
(               
-
                    
Note 2 and 3
ASKEY
ASKEYDT
Taiwan
Selling and servicing of communication products
30,000
             
30,000
                  
3,000,000
        
100.00
            
30,100
             
35
                    
-
                    
Note 2
ASKEY
WONDA
Taiwan
Manufacturing and designing of wired and wireless
communication, electronic parts products, etc.
65,344
             
65,344
                  
9,242,232
        
100.00
            
48,927
             
20,334
             
-
                    
Note 2
ASKEY
ASKEYUK
U.K.
Selling and servicing of communication products
37,740
             
37,740
                  
1,000,000
        
100.00
            
32,173
             
5,236)
(               
-
                    
Note 2
ASKEY and MIC
ASKEYBR
Brazil
Selling and servicing of communication products
28,667
             
26,883
                  
3,700,000
        
100.00
            
5,567
               
158
                  
-
                    
Note 2
DIC
ASKEYVN
Vietnam
Manufacturing and selling of communication
products
158,732
           
163,319
                
2,883,359
        
100.00
            
70,436
             
-
                      
-
                    
Note 2
Net Income
(Loss) of the
Investee
Share of
Profit/Loss
of Investee
Note
Investor Company Investee Company
Location
Main Businesses
Original Investment Amount
December 31, 2021
NAMES, LOCATIONS, AND RELATED INFORMATION OF INVESTEES OVER WHICH THE COMPANY EXERCISES SIGNIFICANT INFLUENCE
(EXCLUDING INFORMATION ON INVESTMENTS IN MAINLAND CHINA)
YEAR ENDED DECEMBER 31, 2021
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Table 7
(Amounts in thousands of New Taiwan dollars)

284
December 31,
2021
December 31,
2020
 Shares
 Percentage of
Ownership (%)
Carrying
Value
Net Income
(Loss) of the
Investee
Share of
Profit/Loss
of Investee
Note
Investor Company Investee Company
Location
Main Businesses
Original Investment Amount
December 31, 2021
DIC
WISE
Hong Kong
Investing in communication business
37,410
             
38,491
                  
1,600,000
        
100.00
            
12,193
             
148
                  
-
                    
Note 2
MIC
MAGICOM
Cayman Islands
Investing in communication business
2,519,710
        
2,592,534
             
91,030,000
      
100.00
            
3,205,821
        
21,486
             
-
                    
Note 2
MIC
ASKEYCG
Germany
Selling and servicing of communication products
3,622
               
3,727
                    
100,000
           
100.00
            
1,911
               
1,182)
(               
-
                    
Note 2
MIC
ASKEYTH
Thailand
Selling and servicing of communication products
1,735
               
1,786
                    
20,000
             
100.00
            
1,093
               
1,629
               
-
                    
Note 2
MIC
ASKEYJP
Japan
Selling and servicing of communication products
1,301
               
1,339
                    
500,000
           
100.00
            
-
                      
1,641
               
-
                    
Note 2 and 3
ASKEY and
WISE
SILIGENCE
France
Selling and servicing of communication products
174,071
           
175,149
                
4,623,090
        
95.95
              
72,096
             
914
                  
-
                    
Note 2
AAEON
AAEONEI
U.S.A
Selling of industrial computers and computer
peripherals
135,632
           
139,552
                
490,000
           
100.00
            
221,656
           
25,783
             
-
                    
Note 2
AAEON
AAEONTCL
British Virgin Islands
Investing in industrial computers and interface cards
business
243,780
           
250,826
                
8,807,097
        
100.00
            
240,950
           
27,032
             
-
                    
Note 2
AAEON
AAEONEU
Netherlands
Selling of industrial computers and computer
peripherals
3,132
               
3,502
                    
-
                      
100.00
            
31,446
             
5,245
               
-
                    
Note 2
AAEON
AAEONI
Taiwan
Investing in industrial computers and computer
peripherals business
150,000
           
150,000
                
15,000,000
      
100.00
            
119,379
           
5,175)
(               
-
                    
Note 2
AAEON
LITEMAX
Taiwan
Selling of computer peripherals
70,218
             
70,218
                  
5,015,050
        
11.99
              
103,896
           
112,149
           
-
                    
Note 2
AAEON
IBASE
Taiwan
Manufacturing and selling of industrial motherboard
3,498,501
        
3,498,501
             
52,921,856
      
31.91
              
3,257,009
        
312,547
           
-
                    
Note 2
AAEON
AAEONSG
Singapore
Selling of industrial computers and computer
peripherals
11,936
             
12,577
                  
465,840
           
100.00
            
53,253
             
6,990
               
-
                    
Note 2
AAEONEU
AAEONG
Germany
Selling of industrial computers and computer
peripherals
940
                  
1,051
                    
-
                      
100.00
            
19,044
             
811
                  
-
                    
Note 2
ONYX
ONYXHU
U.S.A
Selling of medical computers and peripherals
55,360
             
56,960
                  
200,000
           
100.00
            
94,100
             
631)
(                  
-
                    
Note 2
ONYX
ONYXHE
Netherlands
Marketing support and repairing of medical
computers and peripherals
3,132
               
3,502
                    
100,000
           
100.00
            
11,672
             
4,215
               
-
                    
Note 2
ONYX
IHELPER
Taiwan
Researching, developing and selling of medical
robots
16,560
             
16,560
                  
1,656,000
        
46.00
              
7,557
               
1,930)
(               
-
                    
Note 2
ONYX
WINMATE
Taiwan
Bidding and distribution of liquid crystal display
application equipment and modules
552,783
           
538,199
                
10,041,000
      
13.85
              
561,275
           
364,706
           
-
                    
Note 2
ASUSCLOUD
ASUSCLOUDSG
Singapore
Investing in internet service business
24,853
             
24,853
                  
-
                      
100.00
            
1,762
               
861)
(                  
-
                    
Note 2
ASUSCLOUD
ASUSCLOUDLB
Luxembourg
Providing maintenance and  operating  service for
information hardware
18,065
             
18,065
                  
-
                      
100.00
            
2,949
               
160
                  
-
                    
Note 2
ASUSCLOUD
ASUSLC
Taiwan
Selling of internet information service
5,000
               
5,000
                    
500,000
           
50.00
              
-
                      
2,703)
(               
-
                    
Note 2 and 3
ASMEDIA
WT
Taiwan
Agent sales of semiconductor and electronic
components
6,624,000
        
6,624,000
             
171,000,000
    
21.44
              
11,391,413
      
7,923,257
        
-
                    
Note 2
AIL
CHANNEL
British Virgin Islands
Investing in 3C business
831,313
           
855,340
                
30,033,000
      
100.00
            
35,913,547
      
2,594,502
        
-
                    
Note 2
CHANNEL
ASTP
Singapore
Investing in 3C business
830,469
           
854,471
                
44,419,424
      
100.00
            
38,241,435
      
180,308
           
-
                    
Note 2
CHANNEL and
ASTP
ACEG
Egypt
Providing support for 3C products in Egypt
-
                   
-
                        
-
                      
100.00
            
1,152
               
20
                    
-
                    
Note 2
CHANNEL and
ASTP
ACAE
United Arab Emirates
Providing support and repair for 3C products in
Middle East
81,463
             
3,928
                    
107
                  
100.00
            
98,734
             
318)
(                  
-
                    
Note 2
CHANNEL and
ASTP
ASID
Indonesia
Repairing of 3C products in Asia-pacific and
America
41,520
             
42,720
                  
1,500,000
        
100.00
            
41,286
             
4,083
               
-
                    
Note 2
CHANNEL
ASTP and ACNL
ACTH
Thailand
Providing support for 3C products in Thailand
13,076
             
13,454
                  
20,000
             
100.00
            
24,813
             
3,999
               
-
                    
Note 2
CHANNEL
ASTP and ACNL
ASTH
Thailand
Repairing of 3C products in Thailand
5,248
               
5,400
                    
60,000
             
100.00
            
7,427
               
2,620
               
-
                    
Note 2
ASTP
ACG
Germany
Selling and providing support for 3C products
in Germany
2,622
               
2,698
                    
-
                      
100.00
            
168,192
           
12,751
             
-
                    
Note 2
ASTP
ACF
France
Providing support for 3C products in France
1,380
               
1,420
                    
5,300
               
100.00
            
61,979
             
6,726
               
-
                    
Note 2
ASTP
ACUK
U.K.
Providing support for 3C products in United
Kingdom
2,498
               
2,570
                    
50,000
             
100.00
            
64,656
             
8,759
               
-
                    
Note 2
ASTP
ACHK
Hong Kong
Providing support and repair for 3C products
in Hong Kong
1,781
               
1,833
                    
500,000
           
100.00
            
14,032
             
296
                  
-
                    
Note 2
ASTP
ACKR
South Korea
Providing support and repair for 3C products
in South Korea
9,576
               
9,852
                    
158,433
           
100.00
            
48,173
             
4,457
               
-
                    
Note 2
ASTP
ACIN
India
Providing support and repair for 3C products
in India
228,843
           
235,457
                
20,134,400
      
100.00
            
316,798
           
26,861
             
-
                    
Note 2
ASTP
ACNL
Netherlands
Selling of 3C products
16,115
             
16,580
                  
375,000
           
100.00
            
1,693,671
        
182,490
           
-
                    
Note 2
ASTP
ACVN
Vietnam
Providing support and repair for 3C products in
Vietnam
2,214
               
2,278
                    
-
                      
100.00
            
29,921
             
4,914
               
-
                    
Note 2
ASTP
ACIB
Spain
Providing support for 3C products in Spain
17
                    
17
                         
3,000
               
100.00
            
48,649
             
5,887
               
-
                    
Note 2
ASTP
ACJP
Japan
Selling of 3C products in Japan
67,750
             
69,708
                  
20,500
             
100.00
            
384,910
           
66,119
             
-
                    
Note 2
ASTP
ASAU
Australia
Repairing of 3C products in Australia
26,719
             
27,492
                  
950,000
           
100.00
            
65,868
             
11,521
             
-
                    
Note 2
ASTP
ACAU
Australia
Providing support for 3C products in Australia
9,987
               
10,276
                  
350,000
           
100.00
            
57,204
             
3,753
               
-
                    
Note 2
ASTP
ACIL
Israel
Providing support for 3C products in Israel
360
                  
370
                       
50,000
             
100.00
            
10,631
             
5,899
               
-
                    
Note 2
ASTP
ACCO
Colombia
Providing support for 3C products in Colombia
830
                  
854
                       
74,489
             
100.00
            
4,090
               
1,400
               
-
                    
Note 2
ASTP
ACZA
South Africa
Providing support and repair for 3C products
in Africa
2
                      
2
                           
1,000
               
100.00
            
7,313
               
1,471
               
-
                    
Note 2
ASTP
ACMY
Malaysia
Providing support and repair for 3C products
in Malaysia
3,235
               
3,328
                    
500,000
           
100.00
            
20,829
             
1,980
               
-
                    
Note 2
ASTP
ACCL
Chile
Providing support for 3C products in Chile
48
                    
49
                         
1,000
               
100.00
            
3,540
               
1,570
               
-
                    
Note 2

285
December 31,
2021
December 31,
2020
 Shares
 Percentage of
Ownership (%)
Carrying
Value
Net Income
(Loss) of the
Investee
Share of
Profit/Loss
of Investee
Note
Investor Company Investee Company
Location
Main Businesses
Original Investment Amount
December 31, 2021
ASTP
ASPH
Philippines
Providing support and repair for 3C products
in Philippines
5,545
               
5,706
                    
1,059,995
        
100.00
            
7,921
               
1,815
               
-
                    
Note 2
ASTP
APVN
Vietnam
Leasing and trading real estate
415,200
           
1,424
                    
-
                      
100.00
            
420,158
           
1,576
               
-
                    
Note 2
ASTP and ACNL
A25
Russia
Selling of 3C products in Russia
4
                      
4
                           
-
                      
100.00
            
5,037
               
9,465
               
-
                    
Note 2
ASTP and ACNL
ACPE
Peru
Providing support for 3C products in Peru
35,030
             
36,073
                  
4,195,740
        
100.00
            
29,868
             
649
                  
-
                    
Note 2
ASTP and ACNL
ACMH
Mexico
Selling of 3C products in Mexico
105,396
           
108,241
                
51,250
             
100.00
            
264,364
           
249,002
           
-
                    
Note 2
ASTP and ACNL
ACBZ
Brazil
Selling of 3C products in Brazil
5,456,036
        
5,613,750
             
549,469,000
    
100.00
            
3,048,331
        
527,004
           
-
                    
Note 2
ASTP and ACNL
ASIN
India
Selling of 3C products in India
187,601
           
193,023
                
33,500,000
      
100.00
            
568,773
           
260,029
           
-
                    
Note 2
ACNL
ACHU
Hungary
Providing support for 3C products
in Hungary
1,566
               
1,751
                    
-
                      
100.00
            
10,821
             
1,616
               
-
                    
Note 2
ACNL
ACPT
Portugal
Providing support for 3C products in Portugal
940
                  
1,051
                    
30,000
             
100.00
            
14,507
             
1,896
               
-
                    
Note 2
ACNL
ACCH
Switzerland
Providing support for 3C products in
Switzerland
7,157
               
8,003
                    
3,400
               
100.00
            
19,842
             
2,747
               
-
                    
Note 2
ACNL
ACN
Sweden
Providing support for 3C products in North
Europe
998
                  
1,116
                    
3,000
               
100.00
            
50,567
             
11,595
             
-
                    
Note 2
ACNL
ACTR
Turkey
Providing support and repair for 3C products in
Turkey
127,382
           
15,411
                  
2,046
               
100.00
            
164,532
           
56,438
             
-
                    
Note 2
ACNL
ASTR
Turkey
Repairing of 3C products in Turkey
319
                  
357
                       
3,000
               
100.00
            
6,285
               
3,799
               
-
                    
Note 2
ACNL
ACPL
Poland
Providing support for 3C products in Poland
45,592
             
50,976
                  
1,000
               
100.00
            
55,001
             
4,868
               
-
                    
Note 2
ACNL
ACIT
Italy
Providing support for 3C products in Italy
1,503
               
1,681
                    
-
                      
100.00
            
220
                  
4,034
               
-
                    
Note 2
ACNL
ACCZ
Czech Republic
Providing support for 3C products in Czech
Republic
245
                  
274
                       
-
                      
100.00
            
22,267
             
2,782
               
-
                    
Note 2
ACNL
ACCZS
Czech Republic
Repairing of 3C products in Europe
6,560
               
7,335
                    
-
                      
100.00
            
127,672
           
14,808
             
-
                    
Note 2
ACNL
QCS
Sweden
Servicing of information technology
146
                  
163
                       
500
                  
100.00
            
-
                      
6,887
               
-
                    
Note 2 and 3
ACNL
ACUKR
Ukraine
Providing support for 3C products in Ukraine
9,196
               
-
                            
-
                      
100.00
            
10,805
             
1,085
               
-
                    
Note 2
Note 1
Original investment amount excludes other interest oriented from shareholders’ stock trust which distributes to employees.
Note 2
According to regulation, only disclose the share of profits/losses of investee recognized by ASUS.
Note 3
Credit balance of investments accounted for under equity method is transferred to other liabilities - non-current.
Note 4
Percentage of ownership represents controlling shareholding ratio but not the comprehensive shareholding ratio.

286
Outflow
Inflow
ACSH
Selling of 3C products in China
1,331,408
   
b
1,331,408
   
-
                     
-
                     
1,331,408
   
455,541
        
100.00
455,541
            
-
                          
-
                    
ASTP
Invested (Note 3)
ACS
Repairing of 3C products
55,360
        
b
55,360
        
-
                     
-
                     
55,360
        
4,702
            
100.00
4,702
                
79,301
                
-
                    
ASTP
Invested
ACSZ
Researching and developing of
3C products
1,356,320
   
b
1,356,320
   
-
                     
-
                     
1,356,320
   
177,435
        
100.00
177,435
            
3,309,795
           
-
                    
ASTP
Invested
ACCQ
Selling of 3C products in China
1,909,920
   
b
1,909,920
   
-
                     
-
                     
1,909,920
   
473,757
        
100.00
473,757
            
6,509,563
           
-
                    
ASTP
Invested
ACISZ
Leasing real estate
716,886
      
c
-
                  
-
                     
-
                     
-
                  
4,744
            
100.00
4,744
                
711,126
              
-
                    
-
ASKEYSH
Researching, developing and selling of
communication products
83,040
        
b
83,040
        
-
                     
-
                     
83,040
        
1,783)
(            
100.00
1,783)
(                
-
                          
-
                    
MIC
Invested (Note 3)
ASKEYJS
Manufacturing and selling of
communication products
2,491,200
   
b
2,491,200
   
-
                     
-
                     
2,491,200
   
21,738
          
100.00
21,738
              
3,065,403
           
-
                    
MAGICOM
Invested
AAEONSZ
Manufacturing and selling of
industrial computers and interface cards
240,547
      
b
240,547
      
-
                     
-
                     
240,547
      
27,177
          
100.00
27,177
              
249,690
              
-
                    
AAEONTCL
Invested
ONYXSH
Selling  of medical computers and
peripherals
60,896
        
a
55,360
        
5,536
              
-
                     
60,896
        
2,588)
(            
100.00
2,588)
(                
7,508
                  
-
                    
-
EMES
Selling and consulting of information
system software
8,304
          
a
8,304
          
-
                     
-
                     
8,304
          
5,311
            
100.00
5,311
                
22,470
                
-
                    
-
JSCD
Participating and promoting of
professional eSports
673,900
      
a
673,900
      
-
                     
-
                     
673,900
      
97,435)
(          
100.00
97,435)
(              
311,035
              
-
                    
-
EOSTEK
SHENZHEN
Smart TV and projector platform service
193,760
      
c
49,603
        
-
                     
-
                     
49,603
        
-
                    
14.94
-
                       
-
                          
-
                    
-
Company
Name
Ending Balance of Accumulated
Investment in Mainland China
ASUS
5,832,243
USD 210,702
ASKEY
2,931,926
USD 105,922
AAEON
240,547
USD 8,690
SWI
8,304
USD 300
ONYX
60,896
USD 2,200
Note 1
The methods for engaging in investment in Mainland China include the following:
               a. Direct investment in Mainland China.
               b. Indirectly investment in Mainland China through companies registered in a third region (Please specify the name of the company in third region).
               c. Other methods.
Note 2
The investment income (loss) recognized in current period:
               Please specify no investment income (loss) has been recognized due to the investment is still during development stage.
               The investment income (loss) were determined based on the following basis:
               a. The financial report was audited by an international accounting firm in cooperation with an R.O.C. accounting firm.
               b. Others.
Note 3
Credit balance of investments accounted for under equity method transferred to other liabilities - non-current.
Note 4
In accordance with the “Regulations Governing the Examination of Investment or Technical Cooperation in Mainland China”, there is no upper limit on investment.
USD 2,200
60,896
620,860
USD 340
2,931,926
(Note 4)
USD 105,922
9,411
89,267
240,547
5,034,317
USD 8,690
Note
(Note 1 b)
Investment Amounts Authorized by
Investment Commission, MOEA
Upper Limit on Investment Authorized by
Investment Commission, MOEA
6,009,395
147,861,880
Investment
Income (Loss)
Recognized in
Current Period
(Note 2 a and b)
Carrying
Amount as of
December 31,
2021
(Note 2 a and b)
Ending
Balance of
Accumulated
Inward
Remittance of
Earnings
USD 217,102
Ending
Balance
Accumulated
Outflow of
Investment
from
Taiwan
Net Income
(Loss) of the
Investee
Company
Percentage of
Ownership
(%)
Investment Flows
Investee
Company
Main Businesses
Total
Amount of
Paid-in
Capital
Method of
Investment
(Note 1)
Beginning
Balance of
Accumulated
Outflow of
Investment
from
Taiwan
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
INFORMATION ON INVESTMENTS IN MAINLAND CHINA
YEAR ENDED DECEMBER 31, 2021
Table 8
(Amounts in thousands of New Taiwan dollars and foreign currencies)

287
Independent Auditors’ Report 
To the Board of Directors and Shareholders of 
ASUSTEK COMPUTER INC.
Opinion
We have audited the accompanying separate balance sheets of ASUSTEK COMPUTER INC. as of 
December 31, 2021 and 2020, and the related statements of comprehensive income, of changes in equity 
and of cash flows for the years ended December 31, 2021 and 2020, and notes to the separate financial 
statements, including a summary of significant accounting policies.
In our opinion, based on our audits and the reports of the other independent auditors, as described in the 
Other matters section of our report, the separate financial statements present fairly, in all material 
respects, the separate financial position of ASUSTEK COMPUTER INC. as of December 31, 2021 and 
2020, and its financial performance and its cash flows for the years ended December 31, 2021 and 2020, 
in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities 
Issuers”.
Basis for opinion
We conducted our audits in accordance with the “Regulations Governing Auditing and Attestation of 
Financial Statements by Certified Public Accountants” and generally accepted auditing standards in the 
Republic of China. Our responsibilities under those standards are further described in the Independent 
auditors’ responsibilities for the audit of the separate financial statements section of our report. We are 
independent of ASUSTEK COMPUTER INC. in accordance with the Norm of Professional Ethics for 
Certified Public Accountant in the Republic of China, and we have fulfilled our other ethical 
responsibilities in accordance with these requirements. Based on our audits and the reports of the other 
independent auditors, we believe that the audit evidence we have obtained is sufficient and appropriate 
to provide a basis for our opinion

288
Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our 
audit of ASUSTEK COMPUTER INC.'S 2021 separate financial statements. These matters were 
addressed in the context of our audit of the separate 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 ASUSTEK COMPUTER INC.'S 2021 separate financial statements are stated as 
follows:
Evaluation of inventories
Description
Refer to Note 4(13) for the accounting policies on the evaluation of inventories, Note 5 for the 
uncertainty of accounting estimations and assumptions for evaluation of inventories, and Note 6(7) for 
the details of allowance of inventory valuation.
ASUSTEK COMPUTER INC. is primarily engaged in the design, R&D, and sales of 3C products. Due 
to the rapid technological innovations and competition within the industry, frequent releases of new 
products result in potential price fluctuations and product marginalization in the market. Additionally, it 
also affects the estimation of net realizable values of inventories.
In response to changing markets and its development strategies, ASUSTEK COMPUTER INC. adjusts 
its inventory levels. The primary product line of ASUSTEK COMPUTER INC. is notebook computer. 
As a result, the related inventory levels for the product line mentioned above are significant. 
Management evaluates inventories stated at the lower of cost and net realizable value. Since the 
evaluation of inventories is subject to management’s judgment and the accounting estimations will have 
significant influence on the inventory values, the evaluation of inventories has been identified as one of 
the key audit matters.
How our audit addressed the matter
Our audit procedures performed in ASUSTEK COMPUTER INC. and its subsidiaries (recognized as 
investments accounted for under equity method) for the above matter are as follows:
1.
Assessed the policy on allowance for inventory valuation loss, based on our understanding of the
operations and industry of ASUSTEK COMPUTER INC.

289
2.
Inspected the management’s individually identified out-of-date inventory list and checked the
related supporting documents.
3.
Tested the basis of market value used in calculating the net realizable value of inventory and
validated the accuracy of net realizable value calculation of selected samples.
Refund liabilities - sales returns and discounts
Description
The subsidiaries of ASUSTEK COMPUTER INC. periodically estimates sales returns and discounts 
based on each product line’s actual sales returns and discounts, and considers if there are special factors 
which will affect the original estimations. Since the refund liabilities - sales returns and discounts is 
subject to management’s judgment and the market of 3C products changes rapidly, management’s use 
of historical experience to accrue for future sales returns and discounts will cause uncertainty of 
accounting estimations and affect the balance of investments accounted for under equity method of 
ASUSTEK COMPUTER INC. Thus, refund liabilities - sales returns and discounts has been identified 
as one of the key audit matters.
How our audit addressed the matter
Our audit procedures performed in the subsidiaries of ASUSTEK COMPUTER INC. (recognized as 
investments accounted for under equity method) for refund liabilities - sales returns and discounts are as 
follows:
1.
Assessed the reasonableness of policies used in estimating refund liabilities - sales returns and
discounts, taking into consideration actual sales returns and discounts. Performed sample testing to
verify whether the accrual rates have been approved appropriately.
2.
Selected samples and tested the calculation logic used in the refund liabilities - sales returns and
discounts statements, including accrual and reversal statements of refund liabilities - sales returns
and discounts.
3.
Selected samples and confirmed whether accrual amounts based on the accrual statements of refund
liabilities - sales returns and discounts have been properly recognized in the financial statements.
4.
Selected samples and confirmed whether the reversal amounts based on the reversal statements of
refund liabilities - sales returns and discounts have been properly recognized in the financial
statements and checked against the original vouchers.

290
Other matter – Reference to the audits of other independent auditors
We did not audit the financial statements of certain investments accounted for under the equity method.
These investments accounted for under the equity method amounted to $9,123,643 thousand and
$7,384,970 thousand, constituting 2.43% and 2.54% of total assets as of December 31, 2021 and 2020,
respectively, and other comprehensive income (loss) of subsidiaries, associates, and joint ventures
accounted for under equity method amounted to $532,186 thousand and ($717,511) thousand,
constituting 1.07% and (2.25%) of total comprehensive income for the years ended December 31, 2021
and 2020, respectively. The financial statements of these investments accounted for under the equity
method were audited by other independent auditors whose reports thereon have been furnished to us and
our opinion expressed herein, insofar as it relates to the amounts included in the separate financial
statements and information disclosed relative to these investments, is based solely on the reports of other
independent auditors.
Responsibilities of management and those charged with governance for the separate financial 
statements
Management is responsible for the preparation and fair presentation of the separate financial statements 
in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, 
and for such internal control as management determines is necessary to enable the preparation of separate 
financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the separate financial statements, management is responsible for assessing the ability of 
ASUSTEK COMPUTER INC. 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 ASUSTEK COMPUTER INC. or to cease operations, or has no realistic alternative but to do 
so.
Those charged with governance, including Audit Committee, are responsible for overseeing the financial 
reporting process of ASUSTEK COMPUTER INC.

291
Independent auditors’ responsibilities for the audit of the separate financial statements
Our objectives are to obtain reasonable assurance about whether the separate financial statements as a 
whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ 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 generally accepted auditing standards in 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 separate financial statements.
As part of an audit in accordance with the generally accepted auditing standards in the Republic of China, 
we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
1.
Identify and assess the risks of material misstatement of the separate financial statements, whether
due to fraud or error, design and perform audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
2.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of internal control of ASUSTEK COMPUTER INC.
3.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by management.
4.
Conclude on the appropriateness of management’s use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the ability of ASUSTEK COMPUTER INC. to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditors’ report to the related disclosures in the separate 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 auditors’ report. However, future events or conditions may
cause ASUSTEK COMPUTER INC. to cease to continue as a going concern.
5.
Evaluate the overall presentation, structure and content of the separate financial statements,
including the disclosures, and whether the separate financial statements represent the underlying
transactions and events in a manner that achieves fair presentation.

292
6.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or
business activities within ASUSTEK COMPUTER INC. to express an opinion on the separate
financial statements. We are responsible for the direction, supervision and performance of the 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 separate financial statements of the current period and are 
therefore the key audit matters. We describe these matters in our auditors’ 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 auditors’ report because the adverse consequences of 
doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Chou, Chien-Hung
Lin, Chun-Yao
For and on behalf of PricewaterhouseCoopers, Taiwan
March 16, 2022
-------------------------------------------------------------------------------------------------------------------------------------------------
The accompanying parent company only 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 parent company only 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.

293
ASUSTEK COMPUTER INC. 
SEPARATE BALANCE SHEETS 
DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 
 
  
  
 
DECEMBER 31, 2021 
  
DECEMBER 31, 2020 
 
 
ASSETS 
 
NOTES 
 
AMOUNT 
  
%   
AMOUNT 
 
%  
 
Current assets 
  
 
  
  
 
 
 
Cash and cash equivalents 
 6(1) 
$ 
6,154,766  
2 $ 
2,538,864
 
1 
 
Financial assets at fair value through profit 
or loss - current 
 6(2) 
 
93,965   
-   
17,871,512   
6
 
 
Financial assets at fair value through other 
comprehensive income - current 
 6(3) 
 
1,620,358   
-   
1,275,309   
-
 
 
Financial assets at amortized cost - current  6(4) 
 
-  
-  
30,000
 
- 
 
Trade receivables 
 6(5)(6) 
 
9,030,619  
2  
6,431,610
 
2 
 
Trade receivables - related parties 
 6(5) and 7 
 
66,474,396  
18  
29,628,942
 
10 
 
Other receivables 
 7 
 
3,031,234  
1  
848
 
- 
 
Inventories 
 6(7) 
 
84,719,338  
22  
48,916,360
 
17 
 
Prepayments 
  
 
2,163,384  
1  
1,507,384
 
1 
 
Other current assets 
  
 
48,392  
-  
68,351
 
- 
 
Total current assets 
  
 
173,336,452  
46  
108,269,180
 
37 
 
Non-current assets 
  
 
  
  
 
 
 
Financial assets at fair value through profit 
or loss - non-current 
 6(2) 
 
28,139   
-   
37,322   
-
 
 
Financial assets at fair value through other 
comprehensive income - non-current 
 6(3) 
 
72,117,244   
19   
69,268,216   
24
 
 
Investments accounted for under equity 
method 
 6(8) 
 
105,064,226   
28   
92,503,276   
32
 
 
Property, plant and equipment 
 6(9) 
 
11,803,802  
3  
12,284,243
 
4 
 
Right-of-use assets 
 6(10) 
 
118,893  
-  
3,598
 
- 
 
Investment property 
  
 
4,348,117  
1  
4,005,020
 
2 
 
Intangible assets 
  
 
174,903  
-  
242,070
 
- 
 
Deferred income tax assets 
 6(23) 
 
6,457,546  
2  
3,970,994
 
1 
 
Other non-current assets 
 8 
 
2,213,374  
1  
411,418
 
- 
 
Total non-current assets 
  
 
202,326,244  
54  
182,726,157
 
63 
 
TOTAL ASSETS 
  
$ 
375,662,696  100 $ 
290,995,337
 100 
 
 
 
 
(Continued)

294
ASUSTEK COMPUTER INC. 
SEPARATE BALANCE SHEETS 
DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 
 
The accompanying notes are an integral part of these separate financial statements. 
 
DECEMBER 31, 2021 
 
DECEMBER 31, 2020 
 
 
LIABILITIES AND EQUITY 
 
NOTES 
AMOUNT 
  
% 
 
AMOUNT 
%  
Current liabilities 
 
  
  
  
 
 
Financial liabilities at fair value through 
profit or loss - current 
 6(2) 
 
$ 
85,889   
-  $ 
234,197   
- 
 
Contract liabilities - current 
 6(18) 
  
1,679,718  
-  
93,387
 
- 
Notes and trade payables 
 6(6) and 7 
  
87,965,460  
23  
48,802,218
 
17 
Other payables - accrued expenses 
 7 
  
24,947,020  
7  
18,992,001
 
7 
Current income tax liabilities 
 
  
7,294,910  
2  
2,891,303
 
1 
Provisions for liabilities - current 
 6(13) and 9 
  
2,947,257  
1  
3,118,392
 
1 
Lease liabilities - current 
 6(25) 
  
21,986  
-  
3,167
 
- 
Other current liabilities 
 7 
  
495,586  
-  
513,041
 
- 
Total current liabilities 
 
  
125,437,826  
33  
74,647,706
 
26 
Non-current liabilities 
 
  
  
  
 
 
Deferred income tax liabilities 
 6(23) 
  
17,106,002  
5  
14,305,950
 
5 
Lease liabilities - non-current 
 6(25) 
  
97,339  
-  
428
 
- 
Other non-current liabilities 
 
  
690,311  
-  
276,737
 
- 
Total non-current liabilities 
 
  
17,893,652  
5  
14,583,115
 
5 
Total liabilities 
 
  
143,331,478  
38  
89,230,821
 
31 
Equity 
 
  
  
  
 
 
Share capital - common shares 
 6(14) 
  
7,427,603  
2  
7,427,603
 
2 
Capital surplus 
 6(15) 
  
9,839,911  
3  
9,784,103
 
3 
Retained earnings 
 6(16) 
  
  
  
 
 
Legal reserve 
 
  
39,274,878  
10  
36,620,905
 
13 
Special reserve 
 
  
693,928  
-  
693,928
 
- 
Unappropriated retained earnings 
 
  
135,085,474  
36  
110,029,647
 
38 
Other equity 
 6(3)(17) 
  
40,009,424  
11  
37,208,330
 
13 
Total equity 
 
  
232,331,218  
62  
201,764,516
 
69 
TOTAL LIABILITIES AND EQUITY 
 
 $ 
375,662,696  100 $ 
290,995,337
 100

295
ASUSTEK COMPUTER INC. 
SEPARATE STATEMENTS OF COMPREHENSIVE INCOME 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, EXCEPT EARNINGS PER SHARE IN NEW TAIWAN DOLLARS) 
 
The accompanying notes are an integral part of these separate financial statements. 
  
 
YEAR ENDED DECEMBER 31, 
 
 
 
 
 
2021 
  
2020 
 
 
ITEMS 
 
NOTES 
 
AMOUNT 
  
% 
  
AMOUNT 
  
% 
 
Operating revenue 
 6(18) and 7 
$ 
457,320,576 
100 
$ 
328,664,005  
100 
Operating costs 
 6(7)(12)(21)(22) 
and 7 
(
404,445,956) (
88) (  
299,827,531)( 
91 ) 
Gross profit before realized 
 
 
52,874,620 
12 
 
28,836,474  
9 
Unrealized loss (profit) from sales 
 
(  
6,046,755) (
1)  
633,604  
- 
Gross profit 
 
 
46,827,865 
11 
 
29,470,078  
9 
Operating expenses 
 6(12)(21)(22), 7 
and 9 
 
 
 
 
  
 
Selling expenses 
 
(  
4,679,724) (
1) (  
3,301,025) ( 
1 ) 
General and administrative expenses 
 
(  
3,711,882) (
1) (  
3,021,772) ( 
1 ) 
Research and development expenses 
 
(  
13,841,322) (
3) (  
11,231,824) ( 
4 ) 
Total operating expenses 
 
(  
22,232,928) (
5) (  
17,554,621) ( 
6 ) 
Operating profit 
 
 
24,594,937 
6 
 
11,915,457  
3 
Non-operating income and expenses 
 
 
 
 
 
  
 
Interest income 
 
 
23,389 
- 
 
25,351  
- 
Other income 
 6(19) 
 
2,944,375 
- 
 
2,975,245  
1 
Other gains (losses) 
 6(2)(20) 
 
3,891,989 
1 
 
2,295,493  
1 
Finance costs 
 6(10) 
(  
867) 
- (  
472)  
- 
Share of profit of subsidiaries, associates 
and joint ventures accounted for under 
equity method 
 6(8) 
21,385,208
5
 
10,741,437
 
3 
Total non-operating income and 
expenses 
 
 
28,244,094
6
 
16,037,054
 
5 
Profit before income tax 
 
 
52,839,031 
12 
 
27,952,511  
8 
Income tax expenses 
 6(23) 
(  
8,289,233) (
2) (  
3,978,860) ( 
1 ) 
Profit from continuing operations for the year 
 
44,549,798 
10 
 
23,973,651  
7 
Profit from discontinued operations for the 
year 
 6(11) 
 
-
-
 
2,584,021
 
1 
Profit for the year 
 
$ 
44,549,798 
10 
$ 
26,557,672  
8 
Other comprehensive income 
 
 
 
 
 
  
 
Items that will not be reclassified to profit or 
loss 
 
 
 
 
 
  
 
Unrealized gains (losses) from 
investments in equity instruments 
measured at fair value though other 
comprehensive income 
 6(3)(17) 
$
6,057,678
1
$ 
8,416,416
 
3 
Share of other comprehensive income of 
associates and joint ventures accounted 
under equity method 
 6(8)(17) 
416,687
-
 
1,009,591
 
- 
Items that will be reclassified to profit or loss  
 
 
 
Financial statements translation 
differences of foreign operations 
 6(17) 
(
2,556,625) 
- (  
4,063,588)( 
1 ) 
Share of other comprehensive income 
(loss) of associates and joint ventures 
accounted for under equity method 
 6(8)(17) 
783,142
- (  
966,564)  
- 
Income tax relating to items that will be 
reclassified to profit or loss 
 6(17)(23) 
571,981
-
 
880,432
 
- 
Other comprehensive income for the 
year, net of income tax 
 
$
5,272,863
1
$ 
5,276,287
 
2 
Total comprehensive income for the year 
 
$ 
49,822,661 
11 
$ 
31,833,959  
10 
Basic earnings per share 
 6(24) 
 
 
 
 
  
 
Profit from continuing operations 
 
$ 
59.98 
 
$ 
32.28  
 
Profit from discontinued operations 
 
 
- 
 
 
3.48  
 
Basic earnings per share 
 
$ 
59.98 
 
$ 
35.76  
 
Diluted earnings per share 
 6(24) 
 
 
 
 
  
 
Profit from continuing operations 
 
$ 
59.21 
 
$ 
31.91  
 
Profit from discontinued operations 
 
 
- 
 
 
3.44  
 
Diluted earnings per share 
 
$ 
59.21 
 
$ 
35.35

296
ASUSTEK COMPUTER INC. 
SEPARATE STATEMENTS OF CHANGES IN EQUITY 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 
 
 
 
Retained Earnings 
 
Other Equity Interest 
 
Common shares 
Capital surplus 
 
Legal reserve 
Special reserve 
 
Unappropriated 
retained earnings 
 
Financial 
statements 
translation 
differences of 
foreign operations 
Unrealized gains 
from financial 
assets measured at 
fair value through 
other 
comprehensive 
income 
Gain (loss) on 
hedging 
instruments 
 
Remeasurements 
of defined benefit 
plan 
Total equity 
 
  
The accompanying notes are an integral part of these separate financial statements. 
Year ended December 31, 2021 
  
 
  
  
   
 
  
 
 
 
Balance at January 1, 2021 
  $ 7,427,603
 $ 9,784,103  $ 36,620,905  $ 
693,928   $ 110,029,647
($ 6,447,186 )  $ 44,600,953  ($ 
809,406 )  ($ 
136,031 )  $ 201,764,516 
Appropriations of 2020 earnings (Note 6(16))： 
  
 
  
  
   
 
  
 
 
 
  Legal reserve 
  
-
 
-  
2,653,973  
-   (
2,653,973 )
-
 
-  
-
 
-
 
- 
  Cash dividends 
  
-
 
-  
-  
-   (
19,311,767 )
-
 
-  
-
 
-
 (
19,311,767 )
Profit for the year 
  
-
 
-  
-  
-   
44,549,798
-
 
-  
-
 
-
 
44,549,798 
Other comprehensive income (loss) for the year 
  
-
 
-  
-  
-   
-
(
2,447,674 )  
6,460,791  
1,246,189
 
13,557
 
5,272,863 
Change in associates and joint ventures accounted for under equity 
 method 
 
 
-
 
55,381  
-  
-   
-
-
 
-  
-
 
-
 
55,381 
Recognition of changes in ownership interest in subsidiaries 
  
-
 
427  
-  
-   
-
-
 
-  
-
 
-
 
427 
Disposal of financial assets at fair value through other comprehensive 
 income 
 
 
-
 
-  
-  
-   
2,471,769
-
 (
2,471,769 ) 
-
 
-
 
- 
Balance at December 31, 2021 
  $ 7,427,603
 $ 9,839,911  $ 39,274,878  $ 
693,928   $ 135,085,474
($ 8,894,860 )  $ 48,589,975  
$ 
436,783
 ($ 
122,474 )  $ 232,331,218 
Year ended December 31, 2020 
  
 
  
  
   
 
  
 
 
 
Balance at January 1, 2020 
  $ 7,427,603
 $ 6,297,000  $ 35,407,050  $ 
693,928   $ 95,102,416
($ 2,800,984 )  $ 35,155,750  ($ 
305,856 )  ($ 
116,867 )  $ 176,860,040 
Appropriations of 2019 earnings (Note 6(16)): 
  
 
  
  
   
 
  
 
 
 
  Legal reserve 
  
-
 
-  
1,213,855  
-   (
1,213,855 )
-
 
-  
-
 
-
 
- 
  Cash dividends 
  
-
 
-  
-  
-   (
10,398,644 )
-
 
-  
-
 
-
 (
10,398,644 )
Profit for the year 
  
-
 
-  
-  
-   
26,557,672
-
 
-  
-
 
-
 
26,557,672 
Other comprehensive income (loss) for the year 
  
-
 
-  
-  
-   
-
(
3,646,202 )  
9,445,203  (
503,550 )  (
19,164 )  
5,276,287 
Change in associates and joint ventures accounted for under equity 
 method 
 
 
-
 
649,500  
-  
-   
-
-
 
-  
-
 
-
 
649,500 
Recognition of changes in ownership interest in subsidiaries 
  
-
 
2,837,603  
-  
-   
-
-
 
-  
-
 
-
 
2,837,603 
Disposal of financial assets at fair value through other comprehensive 
 income 
 
 
-
 
-  
-  
-   (
17,942 )
-
 
-  
-
 
-
 (
17,942 )
Balance at December 31, 2020 
  $ 7,427,603
 $ 9,784,103  $ 36,620,905  $ 
693,928   $ 110,029,647
($ 6,447,186 )  $ 44,600,953  ($ 
809,406 )  ($ 
136,031 )  $ 201,764,516

297
ASUSTEK COMPUTER INC. 
SEPARATE STATEMENTS OF CASH FLOWS 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 
 
 
 
 
 
YEAR ENDED DECEMBER 31, 
 
 
 
 
 
2021 
   
2020 
 
 
  
   
     
 
 
The accompanying notes are an integral part of these separate financial statements. 
Cash flows from operating activities 
    
     
  
Profit before income tax from continuing operations for the year 
   $ 
52,839,031    $ 
27,952,511  
Profit before income tax from discontinued operations for the year 
    
-     
2,814,158  
Profit before income tax from continuing and discontinued operations for the year 
    
52,839,031     
30,766,669  
Income and expenses that results in non-cash flows 
    
     
  
Depreciation (including investment property and right-of-use assets) 
    
407,362     
431,424  
Amortization 
    
215,376     
221,414  
Expected credit impairment losses 
    
249,879     
38,333  
Net (gains) losses on financial assets or liability at fair value through profit or  
loss 
  ( 
 
559,987 )    
384,077 
 
Share of profit of subsidiaries, associates and joint ventures accounted for under 
equity method 
  (  
21,385,208 )  (  
12,324,255 ) 
Interest income 
  (  
23,389 )  (  
25,351 ) 
Dividend income 
  (  
2,831,193 )  (  
2,847,955 ) 
Unrealized loss from sales 
    
6,046,755   (  
826,374 ) 
Others 
    
32,611     
39,398  
Changes in assets/liabilities relating to operating activities 
    
     
  
Financial assets at fair value through profit or loss 
    
15,386,807   (  
13,738,464 ) 
Trade receivables 
  (  
2,848,888 )  (  
1,044,655 ) 
Trade receivables - related parties 
  (  
36,845,454 )    
25,490,973  
Inventories 
  (  
35,802,978 )  (  
18,093,386 ) 
Prepayments 
  (  
2,128,146 )  (  
11,338 ) 
Other current assets 
    
20,084   (  
14,474 ) 
Financial liabilities at fair value through profit or loss 
  (  
218,376 )  (  
557,788 ) 
Contract liabilities - current 
    
1,586,331   (  
68,437 ) 
Notes and trades payable 
    
39,163,242   (  
2,213,083 ) 
Other payables - accrued expenses 
    
5,579,369     
1,804,522  
Provisions for liabilities 
  (  
171,135 )    
9,780  
Other current liabilities 
    
32,823     
36,121  
Receipt of interest 
    
22,855     
25,350  
Payment of interest 
  (  
867 )  (  
472 ) 
Payment of income tax 
  (  
2,985,049 )  (  
428,322 ) 
Net cash flows provided by (used in) operating activities 
    
15,781,855     
7,053,707  
Cash flows from investing activities 
    
     
  
Acquisition of financial assets at fair value through other comprehensive income 
    
-   (  
129,765 ) 
Disposal of financial assets at fair value through other comprehensive income 
    
2,755,506     
26,700  
Acquisition of investments accounted for under equity method 
  (  
1,944,475 )  (  
953,934 ) 
Acquisition of property, plant and equipment 
  (  
326,820 )  (  
765,586 ) 
Acquisition of intangible assets 
  (  
78,064 )  (  
323,917 ) 
Changes in other non-current assets 
  (  
50,941 )  (  
26,012 ) 
Dividends received 
    
6,755,617     
4,366,030  
Others 
    
32,836   (  
29,996 ) 
Net cash flows provided by (used in) from investing activities 
    
7,143,659     
2,163,520  
Cash flows from financing activities 
    
     
  
Payment of cash dividends 
  (  
19,311,767 )  (  
10,398,644 ) 
Redemption of lease liabilities 
  (  
14,139 )  (  
23,992 ) 
Others 
    
16,294   (  
12,333 ) 
Net cash flows provided by (used in) financing activities 
  (  
19,309,612 )  (  
10,434,969 ) 
Increase (decrease) in cash and cash equivalents 
    
3,615,902   (  
1,217,742 ) 
Cash and cash equivalents at beginning of year 
    
2,538,864     
3,756,606  
Cash and cash equivalents at end of year 
   $ 
6,154,766    $ 
2,538,864

298
        
ASUSTEK COMPUTER INC. 
NOTES TO SEPARATE FINANCIAL STATEMENTS 
YEARS ENDED DECEMBER 31, 2021 AND 2020 
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, 
EXCEPT AS OTHERWISE INDICATED) 
 
 
1. HISTORY AND ORGANISATION 
(1) ASUSTEK COMPUTER INC. (ASUS or the Company) was established in the Republic of China 
(R.O.C.). The Company is primarily engaged in the design, R&D and sales of 3C products (including 
PCs, main boards, other boards and cards, smart phones and other handheld devices, etc.). 
(2) The Company resolved to spin-off its OEM businesses on January 1, 2008. Pursuant to the 
Company’s resolution, the Company transferred its computer OEM, design and manufacture of 
computer cases and molds and non-computer OEM businesses to its spun-off subsidiaries, 
PEGATRON CORPORATION (PEGA) and UNIHAN CORPORATION, respectively. On June 1, 
2010, however, the Company transferred further its OEM assets and business (the Company’s 
investments accounted for under equity method in PEGA) to the Company’s another investee, 
PEGATRON INTERNATIONAL INVESTMENT CO, LTD. (PII). PII issued new shares to the 
Company and its shareholders as consideration. On April 29, 2013, the Company disposed the partial 
shares of PEGA and reduced the ownership percentage to less than 20%. 
2. THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE SEPARATE FINANCIAL 
STATEMENTS AND PROCEDURES FOR AUTHORIZATION 
These separate financial statements were authorized for issuance by the Board of Directors on March 16, 
2022. 
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”) as endorsed by the Financial Supervisory Commission (“FSC”) 
 
The above standards and interpretations have no significant impact to the Company’s financial 
condition and financial performance based on the Company’s assessment. 
 New Standards, Interpretations and Amendments
 Effective date by
International Accounting
Standards Board
Amendments to IFRS 4, “Extension of the temporary exemption from
  applying IFRS 9”
January 1, 2021
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16, “Interest
  Rate Benchmark Reform— Phase 2”
January 1, 2021
Amendment to IFRS 16, “Covid-19-related rent concessions beyond 30
   June 2021”
April 1, 2021 (Note)
Note：Earlier application from January 1, 2021 is allowed by the FSC.

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(2) Effect of new issuances of or amendments to IFRSs as endorsed by the FSC but not yet adopted by 
the Company 
 
The above standards and interpretations have no significant impact to the Company’s financial 
condition and financial performance based on the Company’s assessment. 
(3) IFRSs issued by International Accounting Standards Board but not yet endorsed by the FSC 
 
The above standards and interpretations have no significant impact to the Company’s financial 
condition and financial performance based on the Company’s assessment. 
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
The principal accounting policies applied in the preparation of these separate financial statements are set 
out below. These policies have been consistently applied to all the periods presented, unless otherwise 
stated. 
(1) Compliance statement 
These separate financial statements have been prepared in accordance with the Regulations 
Governing the Preparation of Financial Statements by Securities Issuers. 
 New Standards, Interpretations and Amendments
 Effective date by
International
Accounting
Standards Board
Amendments to IFRS 3, “Reference to the conceptual framework”
January 1, 2022
Amendments to IAS 16, “Property, plant and equipment:
   proceeds before intended use”
January 1, 2022
Amendments to IAS 37, “Onerous contracts—cost of fulfilling a contract”
January 1, 2022
Annual improvements to IFRS Standards 2018–2020
January 1, 2022
 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
IFRS 17, “Insurance contracts”
January 1, 2023
Amendments to IFRS 17, “Insurance contracts”
January 1, 2023
Amendments to IFRS 17, “Initial application of IFRS 17 and IFRS 9 -
   comparative information”
January 1, 2023
Amendments to IAS 1, “Classification of liabilities as current or non-
   current”
January 1, 2023
Amendments to IAS 1, “Disclosure of accounting policies”
January 1, 2023
Amendments to IAS 8, “Definition of accounting estimates”
January 1, 2023
Amendments to IAS 12, “Deferred tax related to assets and liabilities
   arising from a single transaction”
January 1, 2023

300
       
(2) Basis of preparation 
A. Except for the following significant items, these separate 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 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 critical accounting estimates and assumptions used in preparation of financial statements and 
the critical judgments in applying the Company’s accounting policies are disclosed in Note 5. 
(3) Foreign currency translation 
Items included in the financial statements are measured using the currency of the primary economic 
environment in which the entity operates (the “functional currency”). The separate financial 
statements are presented in “New Taiwan Dollars (NTD)”, which is the Company’s functional and 
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 are re-translated at the 
exchange rates prevailing at the end of the financial reporting period. Exchange differences 
arising upon re-translation are recognized in profit or loss. 
(C) Non-monetary assets and liabilities denominated in foreign currencies at fair value through 
profit or loss are re-translated at the exchange rates prevailing at the end of the financial 
reporting period. The translation differences are recognized in profit or loss as part of the fair 
value gain or loss. Non-monetary assets and liabilities at fair value through other 
comprehensive income are re-translated at the exchange rates prevailing at the end of the 
financial reporting period. The translation differences are recognized in other comprehensive 
income. However, non-monetary assets and liabilities denominated in foreign currencies that 
are not measured at fair value are translated using the historical exchange rates at the dates of 
the initial transactions. 
(D) All foreign exchange gains and losses are presented in the statement of comprehensive income 
within “other gains (losses)”. 
B. Translation of foreign operations 
(A) The operating results and financial position of all the subsidiaries and associates that have a 
functional currency different from the presentation currency are translated into the

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presentation currency as follows: 
a. Assets and liabilities for each balance sheets presented are translated at the closing 
exchange rate at the end of the financial reporting period; 
b. Income and expenses for each statement of comprehensive income are translated at average 
exchange rates of that period; and 
c. 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, if the Company still retains partial interests 
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 these foreign 
operations. 
(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, if the Company still retains 
partial interests 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 these foreign 
operations. 
(4) Classification of current and non-current items 
A. Assets that meet one of the following criteria are classified as 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; 
(C) Assets that are expected to be realized within 12 months from the end of the financial reporting 
period; 
(D) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are 
to be exchanged or used to pay off liabilities more than 12 months after the end of the financial 
reporting period. 
Otherwise they are classified as non-current assets. 
B. Liabilities that meet one of the following criteria are classified as current liabilities: 
(A) Liabilities that are expected to be paid off within the normal operating cycle; 
(B) Liabilities arising mainly from trading activities; 
(C) Liabilities that are to be paid off within 12 months from the end of the financial reporting 
period; 
(D) Liabilities for which the repayment date cannot be extended unconditionally to more than 12 
months after the end of the financial reporting period. Terms of a liability that could, at the

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option of the counterparty, result in its settlement by the issue of equity instruments do not 
affect its classification. 
Otherwise they are classified as non-current liabilities. 
(5) Cash equivalents 
Cash equivalents refer to short-term highly liquid investments that are readily convertible to known 
amount of cash and subject to an insignificant risk of changes in value. Time deposits can be classified 
as cash equivalents if they meet the criteria mentioned above and are held for short-term cash 
commitments in operational purpose. 
(6) 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 Company measures the financial assets at fair value and recognizes the 
transaction costs in profit or loss. The Company subsequently measures the financial assets at fair 
value, and recognizes the gain or loss in profit or loss. 
D. The Company recognizes the dividend income when the right to receive payment is established, 
future economic benefits associated with the dividend will flow to the Company and the amount 
of the dividend can be measured reliably. 
(7) Financial assets at fair value through other comprehensive income 
A. At initial recognition, the Company makes an irrevocable election to present in other 
comprehensive income subsequent changes in the fair value of an investment in an equity 
instrument that is not held for trading. The debt instruments are measured at fair value through 
other comprehensive income if both of the following conditions are met: 
(A) The objective of the Company’s business model is achieved by both collecting contractual 
cash flows and selling financial assets; and 
(B) The contractual terms of the financial asset give rise on specified dates to cash flows that are 
solely payments of principal and interest on the principal amount outstanding. 
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 Company measures the financial assets at fair value plus transaction 
costs. The Company subsequently measures the financial assets at fair value: 
(A) The changes in fair value of equity investments that are recognized in other comprehensive 
income are reclassified to retained earnings. When the equity instruments are derecognized 
the cumulative gain or loss previously recognized in other comprehensive income is not 
reclassified from equity to profit or loss. Dividends are recognized as revenue when the 
Company’s right to receive payment is established, it is probable the economic benefits

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associated with the dividend will flow to the Company and the amount of the dividend can be 
measured reliably. 
(B) The changes in fair value of debt instruments that were recognized in other comprehensive 
income. Before derecognition, impairment gains or losses, interest revenue and foreign 
exchange gains and losses are recognized in profit or loss. When the debt instruments are 
derecognized, the cumulative gain or loss previously recognized in other comprehensive 
income is reclassified from equity to profit or loss. 
(8) Financial assets measured at amortized costs  
The Company’s time deposits which do not fall under cash equivalents are those with a short maturity 
period and are measured at initial investment amount as the effect of discounting is immaterial. 
(9) Accounts and notes receivable 
A. Accounts and notes receivable entitle the Company 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. 
(10) Impairment of financial assets 
For accounts receivable that have a significant financing component, at each end of the financial 
reporting period, the Company 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 the 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 Company recognizes the impairment provision 
for lifetime ECLs. 
(11) Derecognition of financial assets 
The Company derecognizes a financial asset when one of the following conditions is met: 
A. The contractual rights to receive cash flows from the financial asset has expired. 
B. The contractual rights to receive cash flows from the financial asset have been transferred and 
the Company has transferred substantially almost all risks and rewards of ownership of the 
financial asset. 
C. The contractual rights to receive cash flows from the financial asset have been transferred and 
the Company has not retained control of financial asset.

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(12) Leasing arrangements (lessor) – operating leases 
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. 
(13) Inventories 
Inventories are stated at the lower of cost and net realizable value. Cost is determined using the 
weighted-average method. The cost of finished goods and work in process comprises raw materials 
and other direct/indirect costs. It excludes borrowing costs. 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 cost of completion and applicable variable 
selling expenses. 
(14) Investments accounted for under equity method 
A. Subsidiaries are all entities (including structured entity) controlled by the Company. The 
Company controls an entity when the Company 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. 
B. Unrealized gains on transactions between the Company and its subsidiaries are eliminated to the 
extent of the Company’s interest in the subsidiaries. Accounting policies of subsidiaries have 
been adjusted where necessary to ensure consistency with the policies adopted by the Company. 
C. The Company’s share of its subsidiaries’ 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 Company’s share of losses in a subsidiary 
equals or exceeds its interest in the subsidiary, the Company should continue to recognize losses 
in proportion to its ownership. 
D. Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing 
control of the subsidiary (transaction 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 Company loses control of a subsidiary, the Company 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 all the related assets 
or liabilities were disposed of. That is, other comprehensive income in relation to the subsidiary 
should be reclassified to profit or loss.

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F. Associates are all entities over which the Company 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% 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. 
G. The Company’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 Company’s share of losses in an associate 
equals or exceeds its interest in the associate, including any other unsecured receivables, the 
Company does not recognize further losses, unless it has incurred legal or constructive 
obligations or made payments on behalf of the associate. 
H. 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 Company’s ownership percentage of 
the associate, the Company recognizes change in ownership interests in the associate in “capital 
surplus” in proportion to its ownership. 
I. Unrealized gains on transactions between the Company and its associates are eliminated to the 
extent of the Company’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 Company. 
J. In the case that an associate issues new shares or buys treasury stocks (including the Company 
does not acquire or dispose shares proportionately), which results in a change in the Company’s 
ownership percentage of the associate but maintains significant influence on the associate, then 
“capital surplus” and “investments accounted for under 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 Company’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. 
K. Upon loss of significant influence over an associate, the Company remeasures any investment 
retained in the former associate at its fair value. Any difference between fair value and carrying 
amount is recognized in profit or loss. 
L. Upon loss of significant influence over an associate, the amounts previously recognized in other 
comprehensive income and as capital surplus in relation to the associate, are reclassified to profit 
or loss, on the same basis as would be required if the relevant assets or liabilities were disposed 
of. If it still retains significant influence over this associate, then the amounts previously 
recognized in other comprehensive income and as capital surplus in relation to the associate are 
reclassified to profit or loss proportionately.

306
       
M. According to Regulations Governing the Preparation of Financial Reports by Securities Issuers, 
profit and other comprehensive income in the separate financial statements should be the same 
as profit and other comprehensive income attributable to shareholders of the parent in the 
consolidated financial statements, and the equity in the separate financial statements should be 
the same as the equity attributable to shareholders of the parent in the consolidated financial 
statements. 
(15) 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 Company 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. Except for land which 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. If each component of property, plant and equipment is significant, it should be 
depreciated separately. 
D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if 
appropriate, at each end of the financial reporting period. 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 the buildings 
are 10~50 years, machinery and equipment are 3~6 years and miscellaneous equipment are 1~15 
years. 
(16) 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 Company. 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 
are fixed payment, less any lease incentives receivable. The Company subsequently 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.

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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; 
(B) Any lease payments made at or before the commencement date; and 
(C) Any initial direct costs incurred by the lessee. 
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 to reflect the partial or full termination of the lease, and recognize 
the difference between remeasured lease liability in profit or loss. 
(17) 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 of 50 years. 
(18) Intangible assets 
Computer software is amortized on a straight-line basis over its estimated useful life of 1~5 years. 
(19) Impairment of non-financial assets 
A. The Company assesses at the end of the financial reporting period 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 decrease, the impairment loss shall be reversed to the extent of the 
loss previously recognized in profit or loss. However, the reversal should not exceed the carrying 
amount, net of depreciation or amortization had the impairment not been recognized. 
B. The recoverable amounts of goodwill and intangible assets with an indefinite useful life shall be 
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. 
(20) Notes and trade payables 
A. Trade payable are liabilities for purchases of raw materials, goods or services and notes payable 
are those resulting from operating and non-operating activities. 
B. The short-term notes and trade payable without bearing interest are subsequently measured at 
initial invoice amount as the effect of discounting is immaterial.

308
       
(21) 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 Company measures the financial liabilities at fair value. All related 
transaction costs are recognized in profit or loss. The Company subsequently measures these 
financial liabilities at fair value with any gain or loss recognized in profit or loss. 
(22) Derecognition of financial liabilities 
The Company derecognized a financial liability when the obligation specified in the contract is 
either discharged or cancelled or expires. 
(23) Offsetting financial assets and financial liabilities 
Financial assets and liabilities are offset and reported in the net amount in the balance sheets 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. 
(24) Non-hedging 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. 
(25) Provisions for liabilities 
Provisions are recognized when the Company has a present legal or constructive obligation as a 
result of past events, and it is probable that an outflow of economic resources will be required to 
settle the obligation and the amount of the obligation can be reliably estimated. Provisions are 
measured at the present value of the expenditures expected to be required to settle the obligation at 
the end of the financial reporting period, 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. Future operating losses shall not be recognized as provisions for 
liabilities. 
(26) 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 
expenses in that period when the employees render service.

309
       
B. Pensions 
(A) Defined contribution plan 
For defined contribution plan, the contributions are recognized as pension expenses when 
they are due on an accrual basis. Prepaid contributions are recognized as an asset to the extent 
of a cash refund or a reduction in the future payments. 
(B) Defined benefit plan 
a. The liability recognized in the balance sheets in respect of defined benefit pension plans 
is the present value of the defined benefit obligation at the end of the financial reporting 
period less the fair value of plan assets. The defined benefit obligation is calculated 
annually by independent actuaries using the projected unit credit method. The present 
value of the defined benefit obligation is determined by discounting the estimated future 
cash follow using interest rates of government bonds or interest rates of return of high 
quality investments that have terms to maturity approximating to the terms of the related 
pension liability. 
b. Remeasurements arising on defined benefit plan are recognized in other comprehensive 
income in the period in which they arise and are recorded as other equity. 
c. 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 Company’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 Company recognizes 
expense when it can no longer withdraw an offer of termination benefits or it recognizes related 
restructuring cost, whichever is earlier. Benefits that are expected to be due more than 12 months 
after financial reporting date shall be discounted to their present value. 
D. Employees’ compensation and directors’ remuneration 
Employees’ compensation and directors’ 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 resolved amounts and the 
subsequently actual distributed amounts is accounted for as changes in estimates. If employee 
compensation is distributed by shares, the Company calculates the number of shares based on 
the closing price at the previous day of the board meeting resolution. 
(27) 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.

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B. The current income tax charge is calculated on the basis of the tax laws enacted or substantively 
enacted at the end of the financial reporting period in the countries where the Company 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 shareholders resolve to retain the earnings. 
C. Deferred income tax is recognized, using the balance sheets liability method, on temporary 
differences arising between the tax bases of assets and liabilities and their carrying amounts in 
the separate financial statements. However, the deferred income 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 income 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 Company and it is probable that the temporary difference will not reverse in 
the foreseeable future. Deferred income tax is determined using tax rates that have been enacted 
or substantially enacted by the end of the financial reporting period and are expected to apply 
when the related deferred income tax asset is realized or the deferred income tax liability is 
settled. 
D. Deferred income 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 the end of the 
financial reporting period, unrecognized and recognized deferred income tax assets are 
reassessed. 
E. Current income tax assets and liabilities are offset and the net amount is reported in the balance 
sheets 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 income tax assets and liabilities are offset on the balance sheets 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. 
F. A deferred tax asset shall be recognized for the carryforward of unused tax credits resulting from 
research and development expenditures to the extent that it is possible that future taxable profit 
will be available against which the unused tax credits can be utilized.

311
       
(28) Dividends 
Dividends are recorded in the Company’s financial statements in the period in which they are 
approved by the Company’s shareholders. Cash dividends are recorded as liabilities; stock dividends 
are recorded as stock dividends to be distributed and are reclassified to ordinary shares on the 
effective date of new shares issuance. 
(29) Revenue recognition 
Sales of goods 
A. The Company is engaged in the selling of 3C 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 Company has objective evidence that all criteria for acceptance have 
been satisfied. 
B. Revenue from the sale of 3C products is recognized based on the price specified in the contract, 
net of the estimated volume discounts and sales discounts. Historical experience is usually used 
to estimate the discounts and returns. The sales are made mainly with a credit term of open 
account 30 to 180 days. As the time interval between the transfer of committed goods or service 
and the payment of customer does not exceed one year, the Company does not adjust the 
transaction price to reflect the time value of money. 
C. The Company’s obligation to provide a repair for faulty products under the standard warranty 
terms is recognized as a provision. 
D. 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. 
5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION 
UNCERTAINTY 
The preparation of these separate financial statements requires management to make critical judgements 
in applying the Company’s accounting policies and make critical assumptions at the end of the financial 
reporting period and estimates concerning future events. The resulting accounting estimates and 
assumptions might be different from the actual results, and will be continually evaluated and adjusted 
based on historical experience and other factors; and the related information is addressed below:

312
       
Evaluation of inventories 
Due to the rapid technology innovation, the Company evaluates the amounts of normal inventory 
consumption, obsolete inventories or inventories without market selling value at the end of the financial 
reporting period, and writes down the cost of inventories to the net realizable value. Such an evaluation 
of inventories is principally based on the demand for the products within the specified period in the future. 
Therefore, there might be a difference against actual result. 
As of December 31, 2021, the carrying amount of inventories was $84,719,338. 
6. DETAILS OF SIGNIFICANT ACCOUNTS 
(1) Cash and cash equivalents 
 
The Company has no cash and cash equivalents pledged to others. 
(2) Financial assets and liabilities at fair value through profit or loss 
 
A. Amounts recognized in profit or loss in relation to financial assets and liabilities at fair value 
through profit or loss are listed below: 
 
 
 
December 31, 2021
December 31, 2020
Cash on hand and petty cash
495
$                           
495
$                           
Checking accounts and demand deposits
393,271
                      
828,369
                      
Time deposits
5,761,000
                   
1,710,000
                   
6,154,766
$                 
2,538,864
$                 
December 31, 2021
December 31, 2020
Financial assets mandatorily measured at
   fair value through profit or loss - current:
   Listed and OTC stocks
76,647
$                      
90,154
$                      
   Derivatives
17,318
                        
-
                                  
   Beneficiary certificates
-
                                  
17,781,358
                 
93,965
$                      
17,871,512
$                
Financial assets mandatorily measured at
   fair value through profit or loss - non-current:
   Beneficiary certificates
28,139
$                      
37,322
$                      
Financial liabilities held for trading - current:
   Derivatives
85,889
$                      
234,197
$                    
December 31, 2021
December 31, 2020
Financial assets and liabilities mandatorily
   measured at fair value through profit or loss
   Equity instruments
13,507)
($                      
18,502
$                      
   Beneficiary certificates
11,581
                        
25,776
                        
   Derivatives
561,913
                      
428,355)
(                      
559,987
$                    
384,077)
($                    
Years Ended

313
       
B. The Company entered into contracts relating to derivative financial assets and liabilities which 
were not accounted for under hedge accounting. The information is listed below: 
 
Forward exchange contracts 
The Company entered into forward exchange contracts to sell various forward foreign currencies 
to hedge exchange rate risk of import and export proceeds. However, these forward exchange 
contracts are not accounted for under hedge accounting. 
C. The Company has no financial assets at fair value through profit or loss pledged to others. 
(3) Financial assets at fair value through other comprehensive income 
 
A. The Company has elected to classify above investments that are considered to be strategic 
investments and steady dividend income as financial assets at fair value through other 
comprehensive income. The fair value of such investments amounted to $73,737,602 and 
$70,543,525 as of December 31, 2021 and 2020, respectively. 
B. The Company sold ADVANTECH investment with a fair value of $2,754,909 in September 2021, 
and the difference on disposal amounting to $2,400,905 was transferred from accumulated other 
comprehensive income to retained earnings. 
Maturity
Maturity
period
period
 Derivative financial assets:
  Forward exchange contracts
    -NTD/USD
USD
190,000
   
2022/04
USD
-
              
-
 Derivative financial liabilities:
  Forward exchange contracts
    -NTD/USD
USD
658,000
   
2022/04
USD
750,000
   
2021/05
December 31, 2021
December 31, 2020
Contract amount
Contract amount
(in thousands)
(in thousands)
December 31, 2021
December 31, 2020
Equity instruments - current:
   Listed and OTC stocks
284,742
$                    
291,088
$                    
   Valuation adjustment
1,335,616
                   
984,221
                      
1,620,358
$                 
1,275,309
$                 
Equity instruments - non-current:
   Listed and OTC stocks
26,106,847
$                
26,460,851
$                
   Unlisted and non-OTC stocks
238,065
                      
324,495
                      
26,344,912
                 
26,785,346
                 
   Valuation adjustment
45,772,332
                 
42,482,870
                 
72,117,244
$                
69,268,216
$

314
       
C. Amounts recognized in profit or loss and other comprehensive income in relation to the financial 
assets at fair value through other comprehensive income are listed below: 
 
D. The Company has no financial assets at fair value through other comprehensive income pledged 
to others. 
(4) Financial assets at amortized cost 
 
A. Amounts recognized in profit or loss in relation to financial assets at amortized cost are listed 
below: 
 
B. The Company has no financial assets at amortized cost pledged to others. 
C. As of December 31, 2021 and 2020, without taking into account any collateral held or other credit 
enhancements, the maximum exposure to credit risk in respect of the amount that best represents 
the financial assets at amortized cost held by the Company were $0 and $30,000, respectively. 
D. Information about credit risk of financial assets at amortized cost is provided in Note 12(2). 
(5) Trade receivables 
 
A. The aging analysis of trade receivables is as follows: 
 
December 31, 2021
December 31, 2020
Reclassified from other equity to retained
2,422,569
$                 
3,400)
($                        
   earnings due to disposal
  
  
Dividends from investments recognized in
2,829,074
$                 
2,845,937
$                 
    profit or loss held at end of the year
  
  
Years Ended
Items
December 31, 2021
December 31, 2020
Current items:
Time deposits with original maturity
     period of more than three months
-
$                                
30,000
$                      
December 31, 2021
December 31, 2020
 Interest income
-
$                                
23
$                             
Years Ended
December 31, 2021
December 31, 2020
Trade receivables (including related parties)
75,807,101
$                
36,112,759
$                
Less: Loss allowance
302,086)
(                      
52,207)
(                        
75,505,015
$                
36,060,552
$                
December 31, 2021
December 31, 2020
 Not past due 
74,933,745
$                
35,674,152
$                
 Less than 90 days past due 
602,311
                      
421,546
                      
 Between 91 and 180 days past due
174,549
                      
13,925
                        
 More than 181 days past due
96,496
                        
3,136
                          
75,807,101
$                
36,112,759
$

315
       
B. As of December 31, 2021, December 31, 2020 and January 1, 2020, the balances of receivables 
from contracts with customers amounted to $75,807,101, $36,112,759, and $60,559,415, 
respectively.  
C. The Company does not hold financial assets as security for trade receivables. 
D. As of December 31, 2021 and 2020, without taking into account any collateral held or other credit 
enhancements, the maximum exposure to credit risk in respect of the amount that best represents 
the Company’s trade receivables were $75,505,015 and $36,060,552, respectively. 
E. Information about credit risk of trade receivables is provided in Note 12(2). 
(6) Offsetting financial assets and financial liabilities 
A. The Company has assets (fair value of $52,022,442 and $28,862,320 as of December 31, 2021 
and 2020, respectively) and liabilities (fair value of $63,802,497 and $35,649,312 as of December 
31, 2021 and 2020, respectively) with certain companies that meet the offsetting criteria in 
paragraph 42 of IAS 32, resulting in the presentation of a net amount for trade receivables and 
notes and trade payables. 
B. The recognition information of the Company due to net delivery agreement is expressed as follows: 
 
(7) Inventories 
 
 
Gross amout of
financial assets
(before
offsetting)
Gross amout of
financial
liabilities
(before offsetting)
Offsetting
amount
Net amount of
financial assets
(after offsetting)
Net amount of
financial liabilities
(after offsetting)
Net set off in the
balance sheet:
collateral
(received) /
provided
December 31, 2021
52,022,442
$      
63,802,497)
($       
50,782,866)
($   
1,239,576
$           
13,019,631)
($         
-
$                         
December 31, 2020
28,862,320
        
35,649,312)
(        
28,667,684)
(    
194,636
                
6,981,628)
(             
-
                           
Trade receivables, notes payables and trade payables with offsetting right
Allowance for
Cost
valuation loss
Book value
Raw materials
83,574,941
$          
6,514,752)
($            
77,060,189
$          
Work in process
1,511,013
              
59,375)
(                   
1,451,638
              
Finished goods
1,289,084
              
53,463)
(                   
1,235,621
              
Merchandise inventories
3,763,194
              
449,389)
(                 
3,313,805
              
Inventories in transit
1,658,085
              
-
                            
1,658,085
              
91,796,317
$          
7,076,979)
($            
84,719,338
$          
December 31, 2021
Allowance for
Cost
valuation loss
Book value
Raw materials
48,081,635
$          
4,431,810)
($            
43,649,825
$          
Work in process
1,840,677
              
56,330)
(                   
1,784,347
              
Finished goods
941,432
                 
86,504)
(                   
854,928
                 
Merchandise inventories
1,772,759
              
267,700)
(                 
1,505,059
              
Inventories in transit
1,122,201
              
-
                            
1,122,201
              
53,758,704
$          
4,842,344)
($            
48,916,360
$          
December 31, 2020

316
       
Except for cost of goods sold, the Company recognized in expenses and losses of inventories from 
continuing and discontinued operations in the amount of $2,240,372 and ($157,634), of which 
$2,234,635 and ($165,299) pertain to the decline (recovery) in value of inventories for the years ended 
December 31, 2021 and 2020, respectively. The Company reversed a previous inventory write-down 
which was accounted for as reduction of cost of goods sold because some inventories with allowance 
for valuation loss had been sold during the years ended December 31, 2021 and 2020. 
(8) Investments accounted for under equity method 
 
A. Subsidiaries 
Information about the Company’s subsidiaries is provided in Note 4(3) of the 2021 consolidated 
financial statements. 
B. Associates 
The Company’s associates are all immaterial, and the summary of financial information of share 
attributable to the Company is as follows: 
 
C. The Company is the single largest shareholder of NEXTS, UPI and LELTEKH with a 43.48%, 
28.48% and 22.78% equity interest, respectively. Given that the degree of other shareholders 
involvement in prior stockholders’ meeting and record of voting rights for major proposals, which 
indicates that the Company has no substantial ability to direct the relevant activities, the Company 
has no control, but only has significant influence, over the companies. 
Book Value
Ownership  (%)
Book Value
Ownership  (%)
Subsidiaries:
ASGL
49,928,352
$        
100.00
                
37,988,234
$        
100.00
                
AIL
34,654,377
          
100.00
                
35,421,031
          
100.00
                
ASMEDIA
5,730,945
           
35.40
                  
4,977,424
           
35.43
                  
AAEON
3,617,383
           
29.44
                  
3,621,585
           
29.47
                  
HCVC
3,077,622
           
100.00
                
2,842,091
           
100.00
                
HMI
1,657,921
           
100.00
                
1,570,213
           
100.00
                
ASKEY
731,690
              
100.00
                
2,467,792
           
100.00
                
Others
1,668,040
           
1,611,650
           
101,066,330
        
90,500,020
          
Associates:
   Others
3,997,896
           
2,003,256
           
105,064,226
$      
92,503,276
$        
December 31, 2021
December 31, 2020
December 31, 2021
December 31, 2020
 Profit (loss) for the year
401,378
$                    
18,884
$                      
Other comprehensive (loss) income (loss) for
18,990)
(                        
194
                             
   the year (net of income tax)
 
 
Total comprehensive income (loss) for the year
382,388
$                    
19,078
$                      
Years Ended

317
       
D. The Company’s associate-UPI, has quoted market prices. As of December 31, 2021, the fair value 
was $18,428,639. 
(9) Property, plant and equipment 
 
 
The Company has no property, plant and equipment pledged to others. 
Construction in
progress and
Machinery and Miscellaneous equipment under
Land
Buildings
equipment
equipment
installation
Total
January 1, 2021
Cost
5,905,192
$ 
6,692,558
$ 
1,250,164
$    
810,614
$      
52,059
$           
14,710,587
$ 
Accumulated depreciation
-
                 
930,222)
(     
959,477)
(         
536,645)
(        
-
                      
2,426,344)
(    
  and impairment
 
                 
 
                 
 
                    
 
                   
 
                       
 
                   
5,905,192
$ 
5,762,336
$ 
290,687
$       
273,969
$      
52,059
$           
12,284,243
$ 
January 1, 2021
5,905,192
$ 
5,762,336
$ 
290,687
$       
273,969
$      
52,059
$           
12,284,243
$ 
Acquisitions
-
                 
-
                 
199,620
         
42,433
         
27,854
             
269,907
       
Disposals
-
                 
-
                 
-
                    
2,751)
(           
-
                      
2,751)
(           
Depreciation
-
                 
172,815)
(     
145,591)
(         
72,800)
(         
-
                      
391,206)
(       
Reclassifications
268,434)
(     
76,235)
(       
12,461
           
-
                   
24,183)
(             
356,391)
(       
December 31, 2021
5,636,758
$ 
5,513,286
$ 
357,177
$       
240,851
$      
55,730
$           
11,803,802
$ 
December 31, 2021
Cost
5,636,758
$ 
6,610,754
$ 
1,450,106
$    
779,485
$      
55,730
$           
14,532,833
$ 
Accumulated depreciation 
-
                 
1,097,468)
(  
1,092,929)
(      
538,634)
(        
-
                      
2,729,031)
(    
  and impairment
 
                 
 
                 
 
                    
 
                   
 
                       
 
                   
  
5,636,758
$ 
5,513,286
$ 
357,177
$       
240,851
$      
55,730
$           
11,803,802
$ 
Construction in
progress and
Machinery and Miscellaneous equipment under
Land
Buildings
equipment
equipment
installation
Total
January 1, 2020
Cost
5,905,192
$ 
6,164,602
$ 
1,145,122
$    
679,594
$      
27,795
$           
13,922,305
$ 
Accumulated depreciation
-
                 
765,664)
(     
851,728)
(         
453,445)
(        
-
                      
2,070,837)
(    
  and impairment
 
                 
 
                 
 
                    
 
                   
 
                       
 
                   
5,905,192
$ 
5,398,938
$ 
293,394
$       
226,149
$      
27,795
$           
11,851,468
$ 
January 1, 2020
5,905,192
$ 
5,398,938
$ 
293,394
$       
226,149
$      
27,795
$           
11,851,468
$ 
Acquisitions
-
                 
527,956
     
111,258
         
161,435
        
52,059
             
852,708
       
Depreciation
-
                 
164,558)
(     
128,036)
(         
113,615)
(        
-
                      
406,209)
(       
Reclassifications
-
                 
-
                 
14,071
           
-
                   
27,795)
(             
13,724)
(         
December 31, 2020
5,905,192
$ 
5,762,336
$ 
290,687
$       
273,969
$      
52,059
$           
12,284,243
$ 
December 31, 2020
Cost
5,905,192
$ 
6,692,558
$ 
1,250,164
$    
810,614
$      
52,059
$           
14,710,587
$ 
Accumulated depreciation 
-
                 
930,222)
(     
959,477)
(         
536,645)
(        
-
                      
2,426,344)
(    
  and impairment
 
                 
 
                 
 
                    
 
                   
 
                       
 
                   
  
5,905,192
$ 
5,762,336
$ 
290,687
$       
273,969
$      
52,059
$           
12,284,243
$

318
       
(10) Leasing arrangements - lessee 
A. The Company leases various assets including buildings and other equipment. Rental contracts 
are typically made for periods of 1 to 10 years. 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. Right-of-use-assets 
 
C. The information on income and expense accounts relating to lease contracts is as follows: 
 
D. For the years ended December 31, 2021 and 2020, the Company’s total cash outflow for leases 
were $34,357 and $35,608, respectively. 
(11) Discontinued operations 
A. The Company is determined to reshape its smartphone business strategy and adjust product 
positioning to focus on perfecting solutions for gamers and expert users under the resolution by 
the Board of Directors on December 13, 2018. The transformation plan has been in progress and 
the Company recognized valuation effects of assets and liabilities accordingly. 
 
 
Other
Buildings
equipment
Total
January 1, 2021
2,753
$                   
845
$                      
3,598
$                   
Acquisitions
130,724
                 
-
                            
130,724
                 
Disposals
-
                            
845)
(                        
845)
(                        
Depreciation
14,584)
(                   
-
                            
14,584)
(                   
December 31, 2021
118,893
$               
-
$                          
118,893
$               
Other
Buildings
equipment
Total
January 1, 2020
21,998
$                 
3,462
$                   
25,460
$                 
Acquisitions
1,967
                     
-
                            
1,967
                     
Depreciation
21,212)
(                   
2,617)
(                     
23,829)
(                   
December 31, 2020
2,753
$                   
845
$                      
3,598
$                   
December 31, 2021
December 31, 2020
Items affecting profit or loss
Interest expense on lease liabilities
694
$                           
95
$                             
Expense on short-term lease contracts
19,523
                        
11,521
                        
Gain on lease modification
10
                               
-
                                  
Years Ended

319
       
B. The cash flow information of the discontinued operations is as follows: 
 
Note: The continuing operations provided (obtained) financing support to (from) discontinued 
operations. 
C. Analysis of the results of discontinued operations is as follows: 
 
(12) Pensions 
A. (A) The Company has a defined benefit pension plan in accordance with the Labor Standards 
Law, covering all regular employees’ service years prior to the enforcement of the Labor 
Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue 
to be subject to the pension mechanism under the Law. Under the defined benefit pension 
plan, two units are accrued for each year of service for the first 15 years and one unit for 
each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based 
on the number of units accrued and the average monthly salaries and wages of the last 6 
months 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 not enough 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 contribution for the deficit by next March. In 
addition, except for a few foreign employees, the Company had settled its financial 
obligations to its employees on December 31, 2007. 
 
December 31, 2021
December 31, 2020
Operating cash flows
-
$                                
288,728
$                    
Investing cash flows
-
                                  
-
                                  
Financing cash flows (Note)
-
                                  
288,728)
(                      
Total cash flows
-
$                                
-
$                                
Years Ended
December 31, 2021
December 31, 2020
Operating revenue
-
$                                
1,305,087
$                 
Operating (costs)
-
                                  
403,257)
(                      
Unrealized loss from sales
-
                                  
192,770
                      
Operating (expenses)
-
                                  
115,672
                      
Other gains
-
                                  
21,068
                        
Share of profit of associates and joint
-
                                  
1,582,818
                   
   ventures accounted for under equity method
  
  
Profit before income tax from
   discontinued operations
-
                                  
2,814,158
                   
Income tax expense
-
                                  
230,137)
(                      
Total profit from discontinued operations
-
$                                
2,584,021
$                 
Years Ended

320
       
(B) The Company contributes 2% of the employees’ monthly salaries and wages for a few 
foreign employees in accordance with R.O.C. Labor Standards Law to an independent 
retirement trust fund. The pension costs under the above pension plan were $1,352 and 
$1,089 for the years ended December 31, 2021 and 2020, respectively. 
(C) Expected contribution to the defined benefit pension plan of the Company for the year 
ending December 31, 2022 is $1,474. 
B. Effective July 1, 2005, the Company has established a defined contribution pension plan (New 
Plan) under the Labor Pension Act, covering all regular employees with R.O.C. nationality. 
Under the New Plan, the Company contributes monthly an amount based on 6% of the employees’ 
monthly salaries and wages to the employees’ individual pension accounts at the Bureau of Labor 
Insurance. The benefits accrued are paid monthly or in lump sum upon termination of 
employment. The pension costs under the defined contribution pension plan were $349,156 and 
$315,298 for the years ended December 31, 2021 and 2020, respectively. 
(13) Provisions for liabilities 
 
 
Analysis of total provisions: 
 
A. Provisions for warranty 
The Company provides warranties on 3C products sold. Provision for warranty is estimated based 
on these products’ historical warranty data. A provision is recognized as current when it is 
expected to be used in one year. 
 
 
Provisions for
Provisions for
legal claims
warranty
and royalty
Total
January 1, 2021
123,677
$               
2,994,715
$            
3,118,392
$            
Recognition (reversal)
1,432
                     
63,949)
(                   
62,517)
(                   
Used
29,245)
(                   
-
                            
29,245)
(                   
Net exchange differences
-
                            
79,373)
(                   
79,373)
(                   
December 31, 2021
95,864
$                 
2,851,393
$            
2,947,257
$            
Provisions for
Provisions for
legal claims
warranty
and royalty
Total
January 1, 2020
200,552
$               
2,908,060
$            
3,108,612
$            
Recognition (reversal)
53,982)
(                   
238,829
                 
184,847
                 
Used
22,893)
(                   
-
                            
22,893)
(                   
Net exchange differences
-
                            
152,174)
(                 
152,174)
(                 
December 31, 2020
123,677
$               
2,994,715
$            
3,118,392
$            
December 31, 2021
December 31, 2020
Current
2,947,257
$                 
3,118,392
$

321
       
B. Provisions for legal claims and royalty 
The Company recognizes provision for legal claims or royalty fees made by the patentees against 
the Company. After taking appropriate legal advice, the management evaluates the probable 
claimable fees accrued as provisions for liabilities. The provision charge is recognized in profit 
or loss within operating costs and expenses. 
(14) Common shares 
A. As of December 31, 2021, the Company’s authorized capital was $47,500,000, consisting of 
4,750,000,000 shares of common stock (including 50,000,000 shares which were reserved for 
employee stock options), and the paid-in capital was $7,427,603 with a par value of $10 (in 
dollars) per share. All proceeds from shares issued have been collected. 
The number of the Company’s ordinary shares outstanding at the beginning and ending for the 
years ended December 31, 2021 and 2020 is 742,760,280 shares for both years. 
B. As of December 31, 2021, the Company issued Global Depositary Receipts (GDRs), of which 
3,937,000 units of the GDRs are now listed on the Luxembourg Stock Exchange. Per unit of 
GDR represents 5 shares of the Company’s common stock and total GDRs represent 19,685,000 
shares of the Company’s common stock. The terms of GDR are as follows: 
(A) Voting rights 
GDR holders may, pursuant to the Depositary Agreement and the relevant laws and 
regulations of R.O.C., exercise the voting rights pertaining to the underlying common shares 
represented by the GDRs. 
(B) Dividends, stock warrants and other rights 
GDR holders and common shareholders are all entitled to receive dividends. The Depositary 
may issue new GDRs in proportion to GDRs holding ratios or raise the number of shares of 
common stock represented by each unit of GDR or sell stock dividends on behalf of GDR 
holders and distribute proceeds to them in proportion to their GDRs holding ratios. 
(15) Capital surplus 
Pursuant to the R.O.C. Company Law, 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.

322
       
 
(16) Retained earnings 
A. Under the Company’s Articles of Incorporation, the current year’s profit after income tax, shall 
first be offset against prior years’ operating losses and then 10% of the remaining amount shall 
be set aside as legal reserve. When such legal reserve amounts to the total authorized capital, the 
Company shall not be subject to this requirement. The Company may then appropriate or reverse 
a certain amount as special reserve according to the demand for the business or relevant 
regulations. After the distribution of earnings, the remaining earnings and prior year’s 
undistributed earnings may be appropriated according to a resolution of the Board of Directors 
adopted in the shareholders’ meeting. 
B. The dividend policies of the Company are as follows: Considering the rapid changing industrial 
environment the Company faces, long-term financial plan and the satisfaction of the demand for 
cash by the shareholders, the Company should distribute cash dividends of not less than 10% of 
the total dividends declared each year. 
C. Except for covering accumulated deficit, increasing capital or payment of cash in proportion to 
ownership percentage, the legal reserve shall not be used for any other purpose. The amount 
capitalized or the cash payment shall be limited to the portion of legal reserve which exceeds 
25% of the paid-in capital. 
D. (A) In accordance with the regulations, the Company shall set aside special reserve from the debit 
balance on other equity items at the end of the financial reporting period before distributing 
earnings. When debit balance on other equity items is reversed subsequently, the reversed 
amount could be included in the distributable earnings. 
(B) The amounts previously set aside by the Company as special reserve on initial application of 
IFRSs in accordance with Jin-Guan-Zheng-Fa-Zi Letter No. 1010012865, dated April 6, 2012, 
shall be reversed proportionately when the relevant assets are used, disposed of or reclassified 
subsequently. 
E. As resolved by the shareholders on June 9 2020, the Company distributed cash dividends to 
owners amounting to $10,398,644 ($14 (in dollars) per share) for the appropriation of 2019 
earnings. On July 30, 2021, the shareholders resolved to distribute cash dividends amounting to 
$19,311,767 ($26 (in dollars) per share) for the appropriation of 2020 earnings. 
 
 
December 31, 2021
December 31, 2020
Share premium
4,227,966
$                 
4,227,966
$                 
Difference between consideration and carrying 
885,390
                      
885,390
                      
   amount of subsidiaries acquired or disposed
Recognition of changes in ownership interest 
3,968,819
                   
3,968,392
                   
   in subsidiaries
Changes in associates and joint ventures
757,736
                      
702,355
                      
   accounted for under equity method 
 
 
9,839,911
$                 
9,784,103
$

323
       
F. The appropriations of 2021 earnings had been proposed by the Board of Directors on March 16, 
2022. Details are summarized as follows: 
 
As of March 16, 2022, the appropriations of 2021 earnings stated above has not yet been resolved 
by the shareholders. 
(17) Other equity 
 
 
(18) Operating revenue 
 
 
 
Dividends per share
Amount
(in dollars)
Cash dividends
31,195,932
$                
42.00
$                        
Year Ended December 31, 2021
Unrealized gain
on valuation of
Financial
financial assets
statements
at fair value
translation
Gain (loss)
through other
differences of
Remeasurement
on hedging
comprehensive
foreign
of defined
instruments
income
operations
benefit plan
Total
January 1, 2021
809,406)
($              
44,600,953
$           
6,447,186)
($             
136,031)
($                
37,208,330
$         
  -The Company
-
                           
3,640,857
               
1,984,644)
(               
-
                             
1,656,213
             
  -Subsidiaries
1,246,189
             
167,955
                  
339,844)
(                  
13,556
                    
1,087,856
             
  -Associates
-
                           
180,210
                  
123,186)
(                  
1
                             
57,025
                  
December 31, 2021
436,783
$              
48,589,975
$           
8,894,860)
($             
122,474)
($                
40,009,424
$         
Unrealized gain
on valuation of
Financial
financial assets
statements
at fair value
translation
Gain (loss)
through other
differences of
Remeasurement
on hedging
comprehensive
foreign
of defined
instruments
income
operations
benefit plan
Total
January 1, 2020
305,856)
($              
35,155,750
$           
2,800,984)
($             
116,867)
($                
31,932,043
$         
  -The Company
-
                           
8,416,416
               
3,183,157)
(               
-
                             
5,233,259
             
  -Subsidiaries
503,550)
(                
214,750
                  
306,366)
(                  
19,164)
(                    
614,330)
(                
  -Associates
-
                           
814,037
                  
156,679)
(                  
-
                             
657,358
                
December 31, 2020
809,406)
($              
44,600,953
$           
6,447,186)
($             
136,031)
($                
37,208,330
$         
December 31, 2021
December 31, 2020
Revenue from contracts with customers
457,320,576
$              
329,969,092
$              
Exclude (revenue) from contracts with 
-
                                  
1,305,087)
(                   
   customers from discontinued operations
   
   
457,320,576
$              
328,664,005
$              
Years Ended

324
       
A. Disaggregation of revenue from contracts with customers 
The Company’s revenue is derived from the transfer of goods and services at a point in time in 
the following major product lines: 
 
 
Revenue from contracts with customers from discontinued operations for the years ended 
December 31, 2021 and 2020 amounted to $0 and $1,305,087, respectively, and are recognized 
at a point in time. 
B. Contract liabilities 
(A) The Company recognized contract liabilities related to the contract revenue from sales 
amounting to $1,679,718, $93,387 and $161,824 as of December 31, 2021, December 31, 
2020 and January 1, 2020, respectively. 
(B) The revenue recognized from the beginning balance of contract liability amounted to $75,477 
and $76,076 for the years ended December 31, 2021 and 2020, respectively. 
(19) Other income 
 
(20) Other gains (losses) 
 
Year Ended December 31, 2021
3C products
Others
Total
Revenue from contracts with customers
450,613,447
$   
6,707,129
$       
457,320,576
$   
Timing of revenue recognition
  Revenue recognized at a point in time
450,613,447
$   
6,707,129
$       
457,320,576
$   
Year Ended December 31, 2020
3C products
Others
Total
Revenue from contracts with customers
325,474,338
$   
3,189,667
$       
328,664,005
$   
Timing of revenue recognition
  Revenue recognized at a point in time
325,474,338
$   
3,189,667
$       
328,664,005
$   
December 31, 2021
December 31, 2020
Rent income
113,182
$                    
127,290
$                    
Dividend income
2,831,193
                   
2,847,955
                   
2,944,375
$                 
2,975,245
$                 
Years Ended
December 31, 2021
December 31, 2020
Net (losses) gains on non-derivative financial 
1,926)
($                        
44,278
$                      
  instruments
Net gains (losses) on derivative financial
   instruments
561,913
                      
428,355)
(                      
Net currency exchange (losses) gains
3,220,069
                   
2,566,572
                   
Other net (losses) gains
111,933
                      
134,066
                      
3,891,989
                   
2,316,561
                   
Exclude other losses (gains) from discontinued
-
                                  
21,068)
(                        
   operations
  
  
3,891,989
$                 
2,295,493
$                 
Years Ended

325
       
(21) Costs and expenses by nature (including discontinued operations) 
 
(22) Employee benefit expenses (including discontinued operations) 
 
Note: Includes the pension expense under the defined contribution plan and defined benefit plan. 
A. The Company’s average headcount were 6,622 and 6,095 employees for the years ended 
December 31, 2021 and 2020, respectively. There were 8 and 8 non-employee directors for the 
years ended December 31, 2021 and 2020, respectively. 
B. (A) The Company’s average employee benefit expense amounted to $2,269 and $1,846 for the 
years ended December 31, 2021 and 2020, respectively. 
(B) The Company’s average wages and salaries amounted to $2,076 and $1,671 for the years 
ended December 31, 2021 and 2020, respectively. 
(C) Average wages and salaries increased by 24.2%. 
(D) The Company has established an audit committee in lieu of a supervisor and accordingly, 
the requirement for disclosure of information on supervisors' remuneration is not applicable.  
(E) The Company’s salaries and wages policy: 
a. The overall salaries and wages level is based on external competitiveness and internal 
fairness that can effectively attract and retain talents. 
b. Link performance and employee salaries and wages by the performance management 
system to provide employee development motivation and give the company a positive 
boost. 
c. Link the Company’s long-term and short-term goals, personal time devoted, positions held, 
and overall personal work performance together to achieve the purpose of motivating 
employees. 
d. The Company established the compensation committee to effectively measure the whole 
salary compensation of directors and managers. 
Operating
Operating
Operating
Operating
costs
expenses
Total
costs
expenses
Total
Employee benefit expenses
676,165
$    
14,505,778
$  
15,181,943
$ 
526,078
$    
10,810,347
$  
11,336,425
$ 
Depreciation
61,307
        
344,483
        
405,790
       
51,147
        
378,891
        
430,038
       
Amortization
287
             
215,089
        
215,376
       
-
                 
221,414
        
221,414
       
Years Ended
December 31, 2021
December 31, 2020
December 31, 2021
December 31, 2020
Wages and salaries
13,730,631
$                
10,171,718
$                
Labor and health insurance
683,208
                      
565,826
                      
Pension (Note)
350,508
                      
316,387
                      
Directors’ remuneration
171,635
                      
101,191
                      
Other personnel expenses
245,961
                      
181,303
                      
15,181,943
$                
11,336,425
$                
Years Ended

326
       
C. According to the Articles of Incorporation of the Company, the current year’s profit shall be used 
first to cover accumulated deficit, if any, and then the remaining balance shall be distributed as 
follows: no less than 1% as employees’ compensation, and no more than 1% as directors’ 
remuneration. 
D. For the years ended December 31, 2021 and 2020, employees’ compensation was accrued at 
$3,204,069 and $1,865,638, respectively; directors’ remuneration was accrued at $168,635 and 
$98,191, respectively. The aforementioned amounts were recognized in salary expenses. 
The employees’ compensation and directors’ remuneration were estimated and accrued based on 
no less than 1% and no more than 1% of profit of current year distributable for the year ended 
December 31, 2021. 
The employees’ compensation and directors’ remuneration amounting to $1,865,638 and $98,191, 
respectively, for 2020 as resolved by the Board of Directors were in agreement with the amounts 
recognized in the 2020 financial statements. The employees’ compensation and directors’ 
remuneration were distributed in cash. Related information shall be inquired at the Market 
Observation Post System website. 
(23) Income tax 
A. Income tax expenses 
(A) Components of income tax expenses: 
 
(B) The income tax relating to components of other comprehensive income is as follows: 
 
 
 
December 31, 2021
December 31, 2020
Current income tax:
Current income tax on profits for the year 
7,382,119
$               
2,633,617
$               
Additional income tax on unappropriated earnings
214,652
                    
-
                               
Difference between prior year’s income tax estimation
193,019)
(                    
379,919)
(                    
   and assessed results
 
 
Total current income tax 
7,403,752
                 
2,253,698
                 
Deferred income tax:
Origination and reversal of temporary differences
885,481
                    
1,955,299
                 
Total deferred income tax
885,481
                    
1,955,299
                 
Income tax expenses (including discontinued
   operations)
8,289,233
                 
4,208,997
                 
Exclude income tax benefit (expenses) from 
-
                               
230,137)
(                    
  discontinued operations
 
 
Income tax expenses from continuing operations
8,289,233
$               
3,978,860
$               
Years Ended
December 31, 2021 December 31, 2020
Currency translation differences
571,981)
($               
880,432)
($               
Years Ended

327
       
B. Reconciliation between income tax expenses and accounting profit: 
 
C. Amounts of deferred income tax assets or liabilities as a result of temporary differences are as 
follows: 
  
December 31, 2021
December 31, 2020
Income tax calculated based on profit before tax and
10,567,806
$             
6,153,334
$               
  statutory tax rate 
Tax exempt income by tax regulation
575,693)
(                    
571,739)
(                    
Effect of tax exemption on investment income
724,363)
(                    
354,037)
(                    
Difference between prior year’s income tax estimation
193,019)
(                    
379,919)
(                    
  and assessed results
Additional income tax on unappropriated earnings
214,652
                    
-
                               
Effect of tax rate changes on unrealized profit from sales
170,372)
(                    
87,369)
(                      
Effect of exchange rate changes
768,402)
(                    
571,708)
(                    
Others
61,376)
(                      
20,435
                      
Income tax expenses (including discontinued operations)
8,289,233
                 
4,208,997
                 
Exclude income tax benefit (expenses) from discontinued
-
                               
230,137)
(                    
   operations
  
  
Income tax expenses from continuing operations
8,289,233
$               
3,978,860
$               
Years Ended
Recognized in other
Recognized in
comprehensive
January 1
profit or loss
income
December 31
Temporary differences:
- Deferred income tax assets:
  Unrealized profit from sales
677,746
$       
1,578,705
$    
-
$                          
2,256,451
$     
  Unrealized purchase discounts
106,665
        
106,665)
(        
-
                            
-
                     
  Decline in value of inventories
968,469
        
446,927
        
-
                            
1,415,396
       
  Unrealized expenses and
668,399
        
14,524)
(          
-
                            
653,875
         
     provisions for royalty
  Currency translation differences
     of foreign operations
1,495,360
      
-
                    
571,981
                 
2,067,341
       
  Others
54,355
          
10,128
          
-
                            
64,483
           
  Subtotal
3,970,994
      
1,914,571
      
571,981
                 
6,457,546
       
- Deferred income tax liabilities:
  Investment income from
14,086,842)
(    
2,747,714)
(      
-
                            
16,834,556)
(     
    foreign investees
  Unrealized exchange gains
219,108)
(        
52,338)
(          
-
                            
271,446)
(         
  Subtotal
14,305,950)
(    
2,800,052)
(      
-
                            
17,106,002)
(     
Total
10,334,956)
($  
885,481)
($       
571,981
$               
10,648,456)
($   
2021

328
       
 
D. The Tax Authority has examined the Company’s income tax returns through 2019. In addition, 
the Company has filed administrative remedies for the Company’s 2018 income tax assessment. 
(24) Earnings per share 
Recognized in other
Recognized in
comprehensive
January 1
profit or loss
income
December 31
Temporary differences:
- Deferred income tax assets:
  Unrealized profit from sales
884,874
$       
207,128)
($       
-
$                          
677,746
$        
  Unrealized purchase discounts
114,734
        
8,069)
(            
-
                            
106,665
         
  Decline in value of inventories
1,001,529
      
33,060)
(          
-
                            
968,469
         
  Unrealized expenses and
828,696
        
160,297)
(        
-
                            
668,399
         
     provisions for royalty
  Currency translation differences
     of foreign operations
614,928
        
-
                    
880,432
                 
1,495,360
       
  Others
51,201
          
3,154
            
-
                            
54,355
           
  Subtotal
3,495,962
      
405,400)
(        
880,432
                 
3,970,994
       
- Deferred income tax liabilities:
  Investment income from
12,637,178)
(    
1,449,664)
(      
-
                            
14,086,842)
(     
    foreign investees
  Unrealized exchange gains
118,873)
(        
100,235)
(        
-
                            
219,108)
(         
  Subtotal
12,756,051)
(    
1,549,899)
(      
-
                            
14,305,950)
(     
Total
9,260,089)
($    
1,955,299)
($    
880,432
$               
10,334,956)
($   
2020
December 31, 2021
December 31, 2020
Profit:
  Profit from continuing operations
44,549,798
$                
23,973,651
$                
  Profit from discontinued operations
-
                                  
2,584,021
                   
  Profit for the year
44,549,798
$                
26,557,672
$                
Number of shares (shares in thousands):
  Weighted average number of shares
742,760
                      
742,760
                      
     outstanding - basic
  
  
Basic earnings per share (in dollars):
  Profit from continuing operations
59.98
$                        
32.28
$                        
  Profit from discontinued operations 
-
                                  
3.48
                            
  Profit for the year
59.98
$                        
35.76
$                        
Years Ended

329
       
 
(25) Changes in liabilities arising from financing activities 
 
Note: Others are leases modifications. 
 
 
December 31, 2021
December 31, 2020
Profit:
  Profit from continuing operations
44,549,798
$                
23,973,651
$                
  Profit from discontinued operations
-
                                  
2,584,021
                   
  Profit for the year
44,549,798
$                
26,557,672
$                
Number of shares (shares in thousands):
  Weighted average number of shares
742,760
                      
742,760
                      
     outstanding - basic
  The effect of dilutive potential common
9,696
                          
8,469
                          
     shares - employees’ compensation
   
   
  Weighted average number of shares
752,456
                      
751,229
                      
     outstanding - diluted
  
  
Diluted earnings per share (in dollars):
  Profit from continuing operations
59.21
$                        
31.91
$                        
  Profit from discontinued operations 
-
                                  
3.44
                            
  Profit for the year
59.21
$                        
35.35
$                        
Years Ended
Non-cash changes
January 1, 2021
Cash flow
Others (Note)
December 31, 2021
Lease liabilities
3,595
$                    
14,139)
($                 
129,869
$                   
119,325
$                 
Non-cash changes
January 1, 2020
Cash flow
Others (Note)
December 31, 2020
Lease liabilities
25,620
$                  
23,992)
($                 
1,967
$                       
3,595
$

330
       
7. RELATED PARTY TRANSACTIONS 
(1) Parent and ultimate controlling party 
The Company’s shares are widely held, so there is no ultimate parent or controlling party. 
(2) Names of related parties and relationship 
 
 
 
Names of related parties
Relationship with the Company
ASUS GLOBAL PTE. LTD. (ASGL)
Subsidiary
ACBZ IMPORTACAO E COMERCIO LTDA. (ACBZ)
Subsidiary
ASUS COMPUTER INTERNATIONAL (ACI)
Subsidiary
ASUS TECHNOLOGY PTE. LIMITED (ASTP)
Subsidiary
ASUS INDIA PRIVATE LIMITED (ASIN)
Subsidiary
ASUS JAPAN INCORPORATION (ACJP)
Subsidiary
PT. ASUS TECHNOLOGY INDONESIA BATAM
  (ACBT)
Subsidiary
UNIMAX ELECTRONICS INCORPORATION (UEI)
Subsidiary
ASKEY COMPUTER CORP. (ASKEY)
Subsidiary
AAEON TECHNOLOGY INC. (AAEON)
Subsidiary
ASMEDIA TECHNOLOGY INC. (ASMEDIA)
Subsidiary
JOTECH LTD. (JOTECH)
Subsidiary
ASUS TECHNOLOGY (SUZHOU) CO., LTD. (ACSZ)
Subsidiary
ASUS CLOUD CORPORATION (ASUSCLOUD)
Subsidiary
ASUS TECHNOLOGY INCORPORATION (ASUTC)
Subsidiary
ONYX HEALTHCARE INC. (ONYX)
Subsidiary
SHINEWAVE INTERNATIONAL INC. (SWI)
Subsidiary
ASUS TECHNOLOGY (HONG KONG) LIMITED
  (ACHK)
Subsidiary
TAIWAN WEB SERVICE CORPORATION (TWS)
Subsidiary
WT MICROELECTRONICS CO., LTD. (WT)
Associate
ASUSTOR INC. (ASUSTOR)
Associate
I-WAYLINK (IWAYLINK)
Associate
IBASE TECHNOLOGY INC. (IBASE)
Associate
HONGTECH ELECTRONICS CO., LTD. (HONGTECH) Associate
MORRIHAN INTERNATIONAL CORP. (MORRIHAN)
Associate
POTIX CORPORATION TAIWAN (POTIX)
Associate
LELTEK INC. (LELTEK)
Associate
PORTWELL INC. (PORTWELL)
Associate
Others 
Other related party

331
       
(3) Significant transactions and balances with related parties 
A. Sales of goods (including discontinued operations) 
 
The sales prices of transactions with related parties were decided on the basis of the economic 
environment and market competition in each sales area. The terms of the transactions are due 30 
to 180 days after the date of delivery or open account 30 to 60 days. The terms of the above 
transactions are similar to those for third parties. 
B. Purchases of goods and expenses 
 
Purchase terms are due 30 to 90 days after the date of acceptance or open account 30 to 60 days, 
which were similar to those for third parties. 
C. Trade receivables 
 
The trade receivables mainly arise from sales transactions, are unsecured in nature and bear no 
interest. 
December 31, 2021
December 31, 2020
Sales of goods
-ASGL
422,707,167
$              
305,480,767
$              
-Other subsidiaries
24,950,177
                 
18,107,946
                 
-Associates
5,971
                          
747
                             
447,663,315
$              
323,589,460
$              
Years Ended
December 31, 2021
December 31, 2020
Purchases of goods 
-Subsidiaries
748,671
$                    
987,844
$                    
-Associates
2,101,568
                   
1,067,861
                   
-Others
100,563
                      
86,368
                        
2,950,802
                   
2,142,073
                   
Purchases of services and other expenditures
-Subsidiaries
71,933
                        
70,451
                        
-Associates
11,512
                        
-
                                  
-Others
35,473
                        
22,484
                        
118,918
                      
92,935
                        
3,069,720
$                 
2,235,008
$                 
Years Ended
December 31, 2021
December 31, 2020
Trade receivables
-ASGL
63,819,459
$                
27,036,848
$                
-Other subsidiaries
2,649,542
                   
2,592,052
                   
-Associates
5,395
                          
42
                               
66,474,396
                 
29,628,942
                 
Other receivables
-Associates
12
                               
139
                             
66,474,408
$                
29,629,081
$

332
       
D. Notes and trade payables and other items of current liabilities 
 
The trade payables arise mainly from purchase transactions and bear no interest. 
(4) Key management compensation 
 
8. PLEDGED ASSETS 
 
9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED CONTRACT COMMITMENTS 
(1) Contingencies 
Lawsuits for infringement of intellectual property rights  
A. Several patentees filed lawsuits or investigations for patent infringement including MP3 function 
for desktop computer and notebook, display and projector products, notebook and tablet against 
the Company. These lawsuits or investigations are currently under investigation in California and 
Texas. The Company cannot presently determine the ultimate outcome of these lawsuits but has 
already recognized the possible loss in the financial statements. 
 
 
December 31, 2021
December 31, 2020
 Notes and trade payables
 -Subsidiaries
94,987
$                      
149,679
$                    
 -Associates
835,652
                      
432,102
                      
 -Others
34,098
                        
20,656
                        
964,737
                      
602,437
                      
 Other items of current liabilities
 -Subsidiaries
87,582
                        
123,888
                      
 -Associates
8,270
                          
-
                                  
 -Others
-
                                  
7,484
                          
95,852
                        
131,372
                      
1,060,589
$                 
733,809
$                    
December 31, 2021
December 31, 2020
Salaries and other short-term employee benefits
1,439,672
$                 
850,665
$                    
Post-employment benefits
6,374
                          
5,586
                          
1,446,046
$                 
856,251
$                    
Years Ended
Pledged assets
Item
December 31, 2021
December 31, 2020
Purpose
Other non-current assets
Pledged restricted 
203,200
$                
185,014
$              
Pledged for lodgment for security by court 
   deposits
 
 
  deposits decisions, customs duties guarantee, etc.
Book Value

333
       
B. Several patentees filed lawsuits or investigations for patent infringement including cellphone and 
tablet products, AP and Router products supporting MU-MIMO, notebook, LED for cellphone 
products, wireless network communication products that support IEEE 802.11ac communication 
standard, after-sales service, OLED for cellphone products, cellphone and tablet products with 
MPEG2-TS transportation stream function, various products using LVDS technology processors, 
monitor product, cellphone, notebook and wireless routers complying with 3G/4G communication 
standard, monitor product with local dimming, router, wireless base station, notebook, cellphone 
supporting MU-MIMO, circuit board design, router, notebook, desktop, motherboard, Mini PC 
and cellphone supporting Wi-Fi 6, AMOLED panel and dock with card reader function against 
the Company. These lawsuits or investigations are currently under investigation in the courts in 
Texas, California, Alabama, Japan, Brazil, Malaysia, China, and at the Italian Competition 
Authority. The Company cannot presently determine the ultimate outcome and effect of these 
lawsuits. 
(2) Commitments 
The Company signed a long-term supply cooperation contract with the supplier, stipulating that a 
certain amount of purchase must be reached every year. The contract is valid from March 1, 2021 to 
December 31, 2024. In addition, prepayment of USD 75,000 thousand has been paid by the Company 
in accordance with the contract. As of December 31, 2021, the prepayment mentioned above 
amounting to $1,848,649 is included under other non-current assets. 
10. SIGNIFICANT DISASTER LOSS  
None. 
11. SIGNIFICANT EVENTS AFTER THE END OF THE FINANCIAL REPORTING PERIOD 
None. 
12. OTHERS 
(1) Capital management 
The Company’s objectives when managing capital are to safeguard the Company’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 
Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, 
issue new shares or sell assets to reduce debt. The Company monitors capital on the basis of the 
liability ratio. This ratio is calculated as total liabilities by total assets. Total liabilities calculated as 
“current liabilities plus non-current liabilities” as shown in the separate balance sheets. 
During 2021, the Company’s strategy was to maintain the liability ratio within reasonable security 
range, which was unchanged from 2020. The liability ratios are as follows: 
 
 
 
December 31, 2021
December 31, 2020
Total liabilities
143,331,478
$              
89,230,821
$                
Total assets
375,662,696
$              
290,995,337
$              
Liability ratio
38.15%
30.66%

334
       
(2) Financial instruments 
A. Financial instruments by category 
 
 
B. Financial risk management policies 
(A) The Company’s operating activities expose the Company to a variety of financial risks, 
including market risk (including foreign exchange risk, price risk and interest rate risk), credit 
risk and liquidity risk. To minimize any adverse effects on the financial performance of the 
Company, derivative financial instruments, such as foreign exchange forward contracts are 
used to hedge certain exchange rate risk, and derivatives are used exclusively for hedging 
purposes and not as trading or speculative instruments. 
(B) The Company’s key financial plans are all reviewed by the Board of Directors under the 
related principles and internal control system. When executing the financial plans, the 
Company’s treasury departments will follow the financial operating procedures in accordance 
with the overall financial risk management and proper segregation of duties. 
(C) Information about derivative financial instruments that are used to hedge financial risk are 
provided in Note 6(2). 
December 31, 2021
December 31, 2020
Financial assets
  Financial assets at fair value 
    through profit or loss
    Financial assets mandatorily measured 
122,104
$                    
17,908,834
$                
      at fair value through profit or loss
  Financial assets at fair value through 
    other comprehensive income
    Designation of equity instrument
73,737,602
                 
70,543,525
                 
  Financial assets at amortized cost
    Cash and cash equivalents
6,154,766
                   
2,538,864
                   
    Financial assets at amortized cost
-
                                  
30,000
                        
    Trade receivables
75,505,015
                 
36,060,552
                 
    Other receivables
3,031,234
                   
848
                             
    Refundable deposits 
224,213
                      
205,093
                      
158,774,934
$              
127,287,716
$              
December 31, 2021
December 31, 2020
Financial liabilities
  Financial liabilities at fair value 
    through profit or loss
    Financial liabilities held for trading
85,889
$                      
234,197
$                    
  Financial liabilities at amortized cost
    Notes and trade payables
87,965,460
                 
48,802,218
                 
    Other payables - accrued expenses
24,947,020
                 
18,992,001
                 
    Deposits received
69,016
                        
52,722
                        
  Lease liabilities
119,325
                      
3,595
                          
113,186,710
$              
68,084,733
$

335
       
C. Nature and degree of significant financial risks 
(A) Market risk 
Foreign exchange risk 
a. The Company operates internationally and is exposed to foreign exchange risk arising from 
the transactions of the Company used in various functional currency, primarily with respect 
to the USD. Foreign exchange risk arises from future commercial transactions, recognized 
assets and liabilities. 
b. The management has set up the policy to require the organisation to manage the foreign 
exchange risk against the functional currency. The organisation is required to hedge its 
entire foreign exchange risk exposure with the Company’s treasury. Exchange rate risk is 
measured through a forecast of highly probably USD expenditures. Forward foreign 
exchange contracts are adopted to minimize the volatility of the exchange rate affecting 
recognition of revenue of forecast sale. 
c. The Company hedges foreign exchange rate by using forward exchange contracts. However, 
the Company does not adopt hedging accounting. Details of financial assets or liabilities at 
fair value through profit or loss are provided in Note 6(2). 
d. The Company has certain investments in foreign operations, whose net assets are exposed 
to foreign currency translation risk. 
e. The Company’s businesses involve some non-functional currency operations (the 
Company’s functional currency is NTD). The information on assets and liabilities 
denominated in foreign currencies whose values would be materially affected by the 
exchange rate fluctuations is as follows: 
 
Foreign
Extent
Effect on
Effect on other
currency amount
Exchange
Book value
of
profit
comprehensive
(in dollars)
rate
(NTD)
variation
or loss
income
(Foreign currency:
functional currency)
Financial assets
Monetary items
   USD:NTD
2,660,246,158
$  
27.680
      
73,635,614
$ 
1%
736,356
$  
-
$                       
Non-Monetary items
   USD:NTD
3,402,040,720
    
27.680
      
94,168,487
   
-
-
               
-
                         
Financial liabilities
Monetary items
   USD:NTD
3,575,528,470
    
27.680
      
98,970,628
   
1%
989,706
    
-
                         
December 31, 2021
Sensitivity Analysis

336
       
 
f. Net currency exchange (losses) gains arising from foreign exchange variation on the 
monetary items from continuing and discontinued operations held by the Company for the 
years ended December 31, 2021 and 2020 amounted to $3,220,069 and $2,566,572, 
respectively. 
Price risk 
a. The Company’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 its price risk arising from investments in equity 
instruments, the Company diversifies its portfolio. Diversification of the portfolio is done 
in accordance with the limits set by the Company. 
b. The Company mainly invests in equity instruments comprised of shares and open-end 
funds issued by the domestic companies. The value of equity instruments are susceptible 
to market price risk arising from uncertainties about future performance of equity markets. 
Assuming a hypothetical increase of 1% in the price of the aforementioned financial assets 
at fair value through profit or loss while the other conditions remain unchanged could 
increase the Company’s non-operating revenue for the years ended December 31, 2021 and 
2020 by $766 and $902, respectively. A change of 1% in the price of the aforementioned 
financial assets at fair value through other comprehensive income could increase the 
Company’s other comprehensive income for the years ended December 31, 2021 and 2020 
by $737,376 and $705,435, respectively. 
 
 
Foreign
Extent
Effect on
Effect on other
currency amount
Exchange
Book value
of
profit
comprehensive
(in dollars)
rate
(NTD)
variation
or loss
income
(Foreign currency:
functional currency)
Financial assets
Monetary items
   USD:NTD
1,206,892,738
$  
28.480
      
34,372,305
$ 
1%
343,723
$  
-
$                       
Non-Monetary items
   USD:NTD
2,740,010,710
    
28.480
      
78,035,505
   
-
-
               
-
                         
Financial liabilities
Monetary items
   USD:NTD
2,146,989,514
    
28.480
      
61,146,261
   
1%
611,463
    
-
                         
December 31, 2020
Sensitivity Analysis

337
       
Cash flow and fair value interest rate risk 
The Company analyses its interest rate exposure on a dynamic basis. Various scenarios are 
simulated taking into consideration refinancing, renewal of existing positions, alternative 
financing and hedging. Based on these scenarios, the Company calculates the impact on profit 
and loss of a defined interest rate shift. For each simulation, the same interest rate shift is used 
for all currencies. The scenarios are run only for liabilities that represent the major interest-
bearing positions. The Company expects no significant interest rate risk. 
(B) Credit risk 
a. Credit risk refers to the risk of financial loss to the Company arising from default by the 
clients or counterparties of financial instruments on the contract obligations. The main 
factor is that counterparties could not repay in full the accounts receivable based on the 
agreed terms. 
b. The Company manages their credit risk taking into consideration the entire company’s 
concern. For banks and financial institutions, only independently rated parties with a 
minimum rating of “A” class above as evaluated by an independent party are accepted as 
counterparties. According to the Company’s credit policy, each operating entity in the 
Company 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 in accordance with limits set by the Board of Directors, and the 
utilization of credit limits is regularly monitored. 
c. 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. 
d. The Company adopts the assumption under IFRS 9, that is, for most operating entities, the 
default occurs when the contract payments are past due over 90 days. 
e. The Company classifies customer’s accounts receivable in accordance with customer types. 
The Company applies the simplified approach using the provision matrix and loss rate 
method to estimate expected credit loss. 
f. The Company writes off the financial assets, which cannot be reasonably expected to be 
recovered, after initiating recourse procedures. However, the Company will continue 
executing the recourse procedures to secure their rights. On December 31, 2021 and 2020, 
the Company has no written-off financial assets that are still under recourse procedures. 
g. (a) The expected loss rate for the excellent credit quality clients is 0%, and the total carrying 
amount of trade receivables and loss allowance amounted to $66,474,396, $0, 
$29,628,942, $0 as of December 31, 2021 and 2020, respectively.

338
       
(b) The Company refers to the forecast ability of global economic indicators to adjust the 
loss rate which is based on historical and current information when assessing the future 
default possibility of trade receivable. The provision matrix as of December 31, 2021 
and 2020 is as follows: 
 
 
h. Movement in relation to the Company applying the simplified approach to provide loss 
allowance for trade receivables is as follows: 
 
For provisioned loss for the years ended December 31, 2021 and 2020, the net impairment 
loss arising from customer’s contract was $249,879 and $38,333, respectively. 
i. For investments in financial assets at amortized cost of the Company, the credit rating 
levels is as follows: 
 
The Company’s financial assets at amortized cost are all time deposits with an original due 
date of more than three months, and there is no significant abnormality in credit risk 
assessment. 
 
 
Not past
Less than 90
More than 91
December 31, 2021
due
days past due
days past due
Total
Total book value
8,459,497
$       
602,162
$          
271,046
$          
9,332,705
$       
Loss allowance
11,844
$            
88,374
$            
201,868
$          
302,086
$          
Expected loss rate
0.14%
11.30%~59.29%
50.00%~100%
Not past
Less than 90
More than 91
December 31, 2020
due
days past due
days past due
Total
Total book value
6,045,210
$       
421,546
$          
17,061
$            
6,483,817
$       
Loss allowance
3,023
$              
40,653
$            
8,531
$              
52,207
$            
Expected loss rate
0.05%
5.49%~41.25%
50.00%~100%
2021
2020
January 1
52,207
$                      
14,212
$                      
Recognition
249,879
                      
38,333
                        
Write-offs
-
                                  
338)
(                             
December 31
302,086
$                    
52,207
$                      
12 months
Lifetime
Financial assets at amortized cost
-
$                                
-
$                                
12 months
Lifetime
Financial assets at amortized cost
30,000
$                      
-
$                                
December 31, 2021
December 31, 2020

339
       
(C) Liquidity risk 
a. Cash flow forecasting is performed in the various departments of the Company and 
aggregated by the Company treasury. The Company treasury monitors rolling forecasts of 
the Company’s liquidity requirements to ensure it has sufficient cash to meet operational 
needs while maintaining sufficient headroom on its undrawn committed borrowing 
facilities at all times so that the Company does not breach borrowing limits or covenants 
on any of its borrowing facilities. Such forecasting takes into consideration the Company’s 
cash flow plans and compliance with internal balance sheets ratio targets. 
b. The Company treasury invests surplus cash in demand deposits, time deposits and 
marketable securities, choosing instruments with appropriate maturities or sufficient 
liquidity to provide sufficient headroom as determined by the abovementioned forecasts. 
As of December 31, 2021 and 2020, the Company held financial assets at fair value through 
profit or loss of $76,647 and $17,871,512, respectively, that are expected to readily generate 
cash inflows for managing liquidity risk. 
c. The table below analyses the Company’s non-derivative financial liabilities and derivative 
financial liabilities into relevant maturity groupings based on the remaining period at the 
end of the financial reporting period to the contractual maturity date for non-derivative 
financial liabilities and to the expected maturity date for derivative financial liabilities. The 
amounts disclosed in the table are the contractual undiscounted cash flows. 
 
 
Less than 1
Between 1
Between 2
More than
year
and 2 years
and 3 years
3 years
Total
Non-derivative
financial liabilities:
  Notes and trade payables
87,965,460
$ 
-
$                 
-
$                 
-
$                 
87,965,460
$ 
  Other payables
24,947,020
   
-
                   
-
                   
-
                   
24,947,020
   
     - accrued expenses
  Lease liabilities
23,028
         
21,889
         
21,774
         
56,144
         
122,835
       
Derivative financial liabilities:
  Forward exchange contracts  
85,889
         
-
                   
-
                   
-
                   
85,889
         
December 31, 2021
Less than 1
Between 1
Between 2
More than
year
and 2 years
and 3 years
3 years
Total
Non-derivative
financial liabilities:
  Notes and trade payables
48,802,218
$ 
-
$                 
-
$                 
-
$                 
48,802,218
$ 
  Other payables
18,992,001
   
-
                   
-
                   
-
                   
18,992,001
   
     - accrued expenses
  Lease liabilities
3,185
           
428
              
-
                   
-
                   
3,613
           
Derivative financial liabilities:
  Forward exchange contracts  
234,197
       
-
                   
-
                   
-
                   
234,197
       
December 31, 2020

340
       
d. The Company does not expect the timing of occurrence of the cash flows estimated through 
the maturity date analysis to be significantly earlier, nor expect the actual cash flow amount 
to be significantly different. 
(3) Fair value information 
A. The different levels that 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 a market 
in which transactions for the asset or liability take place with sufficient frequency and 
volume to provide pricing information on an ongoing basis. 
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset 
or liability, either directly or indirectly. 
Level 3: Unobservable inputs for the asset or liability. 
B. Financial instruments not measured at fair value 
The carrying amounts of cash and cash equivalents, financial assets at amortized cost - current, 
trade receivables, other receivables, refundable deposits, notes and trade payables, other payables 
- accrued expenses, other current liabilities, lease liabilities and guarantee deposits received are 
reasonably approximate to the fair values. 
C. The related information on 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 about the nature of the assets and liabilities is as follows:  
 
Level 1
Level 2
Level 3
Total
Assets:
Recurring fair value measurements
Financial assets at fair value
  through profit or loss
  Equity securities
76,647
$        
-
$                  
-
$                  
76,647
$        
  Beneficiary certificates
-
                    
28,139
          
-
                    
28,139
          
  Forward exchange contiacts
-
                    
17,318
          
-
                    
17,318
          
Financial assets at fair value through
  other comprehensive income
  Equity securities
73,522,226
    
200,763
        
14,613
          
73,737,602
    
73,598,873
$  
246,220
$       
14,613
$        
73,859,706
$  
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value
  through profit or loss
  Forward exchange contracts
-
$                  
85,889
$        
-
$                  
85,889
$        
December 31, 2021

341
       
 
(B) The methods and assumptions the Company used to measure fair value are as follows: 
a. The instruments the Company used market quoted prices as their fair values (that is, Level 
1) are listed below by characteristics: 
 
b. 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 calculated 
by applying model using market information available at the financial reporting date. 
c. The valuation of derivative financial instruments is based on valuation model widely 
accepted by market participants, such as present value techniques and option pricing 
models. Forward exchange contracts are usually valued based on the current forward 
exchange rate. 
 
 
Level 1
Level 2
Level 3
Total
Assets:
Recurring fair value measurements
Financial assets at fair value
  through profit or loss
  Equity securities
90,154
$        
-
$                  
-
$                  
90,154
$        
  Beneficiary certificates
17,781,358
    
37,322
          
-
                    
17,818,680
    
Financial assets at fair value through
  other comprehensive income
  Equity securities
70,197,089
    
206,580
        
139,856
        
70,543,525
    
88,068,601
$  
243,902
$       
139,856
$       
88,452,359
$  
Liabilities:
Recurring fair value measurements
Financial liabilities at fair value
  through profit or loss
  Forward exchange contracts
-
$                  
234,197
$       
-
$                  
234,197
$       
December 31, 2020
Listed and OTC stocks
Open-end fund
 Market quoted price
Closing price
Net asset value

342
       
d. The output of valuation model is an estimated value and the valuation technique may not 
be able to capture all relevant factors of the Company’s financial and non-financial 
instruments. Therefore, the estimated value derived using valuation model is adjusted 
accordingly with additional inputs, for example, model risk or liquidity risk. In accordance 
with the Company’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 at the separate balance sheets. The pricing and inputs information 
used during valuation are carefully assessed and adjusted based on current market 
conditions. 
D. For the years ended December 31, 2021 and 2020, there was no transfer between Level 1 and 
Level 2. 
E. The movement of Level 3 is as follows: 
 
Note: Recorded as unrealized gain (loss) from investments in equity instruments measured at 
fair value through other comprehensive income. 
F. The investment segment is in charge of valuation procedures for fair value measurements being 
categorized 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 source of 
information is independent, reliable and in line with other resources and any other necessary 
adjustments to the fair value. 
The investment segment cooperatively set up valuation policies, valuation processes and rules 
for measuring fair value of financial instruments that ensure compliance with the related 
requirements in IFRS. 
G. The following is the qualitative information of significant unobservable inputs and sensitivity 
analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair 
value measurement: 
2021
2020
January 1
139,856
$                    
-
$                                
Acquisitions
-
                                  
129,765
                      
Reclassifications
108,094)
(                      
-
                                  
Recognition in other comprehensive (loss)
17,149)
(                        
10,091
                        
  income (Note)
  
  
December 31
14,613
$                      
139,856
$                    
Equity instruments

343
       
 
 
Note 1: Long-term revenue growth rate, weighted average cost of capital, long-term operating 
profit before income tax, discount for lack of marketability and discounts for minority 
interest. 
Note 2: The higher the discount for lack of marketability is, the lower the fair value is; the higher 
the weighted average cost of capital and discount for minority interest are, the lower the 
fair value is; the higher the long-term revenue growth rate and long-term operating profit 
before income tax are, the higher the fair value is. 
H. The Company has carefully assessed the valuation models and assumptions used to measure fair 
value; therefore, the fair value measurement is reasonable. However, use of different valuation 
models or assumptions may result in a different outcome. 
13. SUPPLEMENTARY DISCLOSURES 
(1) Significant transactions information 
A. Financings provided: Please refer to table 1. 
B. Endorsements and guarantees provided: None. 
C. Marketable securities held at the ended of period (excluding investments in subsidiaries, 
associates and joint ventures): Please refer to table 2. 
D. Marketable securities acquired and disposed of at costs or prices of at least $300 million or 20% 
of the paid-in capital: Please refer to table 3. 
E. Acquisition of real estate properties at costs of at least NT$300 million or 20% of the paid-in 
capital: None. 
F. Disposal of real estate properties at prices of at least NT$300 million or 20% of the paid-in capital: 
None. 
G. Total purchases from or sales to related parties of at least $100 million or 20% of the paid-in 
capital: Please refer to table 4. 
 
 
 Fair value at
December 31, 2021
 Valuation
technique
 Significant
unobservable
input
 Range
(weighted
average)
 Relationship of
inputs to
fair value
Equity instruments:
Unlisted and non-
   OTC stocks
14,613
$                
Discounted cash
   flow method
Note 1
Not applicable
Note 2
 Fair value at
December 31, 2020
 Valuation
technique
 Significant
unobservable
input
 Range
(weighted
average)
 Relationship of
inputs to
fair value
Equity instruments:
Unlisted and non-
   OTC stocks
139,856
$              
Discounted cash
   flow method
Note 1
Not applicable
Note 2

344
       
H. Receivables from related parties amounting to at least $100 million or 20% of the paid-in capital: 
Please refer to table 5. 
I. Trading in derivative instruments undertaken during the reporting periods: Please refer to 6(2). 
J. Intercompany relationships and significant intercompany transactions: Please refer to table 6. 
(2) Information on investees 
Names, locations, and related information of investees over which the company exercises significant 
influence (excluding information on investment in mainland China): Please refer to table 7. 
(3) Information on investments in mainland China 
A. Information on investment in mainland China: Please refer to table 8. 
B. Significant transactions, either directly or indirectly through a third area, with investee companies 
in China: Please refer to table 8. 
(4) Major shareholders information 
Major shareholders information: None. 
14. OPERATING SEGMENT INFORMATION 
Not applicable.

345
Item
Value
1
ASUS
ASKEY
Other receivables 
Yes
1,000,000
               
1,000,000
        
-
                  
1.00
b
-
Need for
operations
-
-
-
34,849,683
        
46,466,244
        
2
ASTP
ASGL
Yes
24,912,000
             
24,912,000
      
24,912,000
      
 0.23575 ~
b
-
Need for
-
-
-
38,241,435
        
38,241,435
        
(USD  900,000) (USD  900,000) (USD  900,000)  0.99706
operations
(USD 1,381,555) (USD 1,381,555)
3
ASTP
QCS
Yes
481,097
                  
481,097
           
52,322
             
 0.5
b
-
Need for
-
-
-
38,241,435
        
38,241,435
        
(SEK  156,709) (SEK  156,709)
(SEK  17,043 )
operations
(USD 1,381,555) (USD 1,381,555)
Note 1
Nature for Financing
 
a. Business transaction calls for a loan arrangement. 
                                b. The need for short-term financing.
Note 2
Limit of total financing amount
a.  According to Procedures for Lending of ASUS, limit of total financing amount shall not exceed 20% of the net worth of ASUS as of the period.
                       b. According to Procedures for Lending of ASTP, limit of total financing amount to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by publicly traded parent company - ASUS,
                             which are not located in Taiwan, shall not exceed 100% of the net worth of ASTP as of the period.
Limit financing amount for individual counterparty
a.  According to Procedures for Lending of ASUS, limit of financing amount for individual counterparty shall not exceed 15% of the net worth of ASUS as of the period.
                                                                                   b. According to Procedures for Lending of ASTP, limit of financing amount to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by publicly traded parent 
                                                                                        company - ASUS, which are not located in Taiwan, for individual counterparty shall not exceed 100% of the net worth of ASTP as of the period.
Financing
Company’s
Total Financing
Amount Limits
Note 2
Note
Interest
Rate
(%)
Maximum
Balance for the
Period
Nature for
Financing
Note 1
Transaction
Amounts
Reason for
Financing
Financing
Limits for Each
Borrowing
Company
Note 2
Loss
allowance
Ending Balance
Amount
Actually Drawn
Collateral
Other non-current
assets
Other non-current
assets
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
FINANCING PROVIDED
YEAR ENDED DECEMBER 31, 2021
Table 1
(Amounts in thousands of New Taiwan dollars and foreign currencies)
No.
Financing
Company
Counter-
party
Financial Statement
Account
Related
Party

346
Type
Name
Shares/Units
Carrying Value
Percentage
(%)
Fair Value
ASUS
Stock
SPORTON
-
a
353,213
                          
76,647
                                  
0.36
          
76,647
                                 
ASUS
Stock
GLOBALWAFERS
-
c
1,626,626
                       
1,444,444
                             
0.37
          
1,444,444
                            
ASUS
Stock
JMC
-
c
830,000
                          
46,895
                                  
1.00
          
46,895
                                 
ASUS
Stock
ENE
b
c
444,365
                          
26,218
                                  
1.00
          
26,218
                                 
ASUS
Stock
ALCOR MICRO
-
c
905,879
                          
54,715
                                  
1.00
          
54,715
                                 
ASUS
Stock
AZUREWAVE
-
c
934,745
                          
25,378
                                  
0.62
          
25,378
                                 
ASUS
Stock
LEDLINK
-
c
718,607
                          
22,708
                                  
1.53
          
22,708
                                 
ASUS
Fund
TNP
-
b
100
                                 
8,906
                                    
2.05
          
8,906
                                   
ASUS
Fund
TNP LIGHT
-
b
184
                                 
19,233
                                  
3.67
          
19,233
                                 
ASUS
Stock
EMPASS
-
d
1,162,359
                       
36,350
                                  
15.86
        
36,350
                                 
ASUS
Stock
ADVANTECH
-
d
103,177,983
                   
40,910,070
                           
13.33
        
40,910,070
                          
ASUS
Stock
PEGA
-
d
448,506,484
                   
30,991,798
                           
16.80
        
30,991,798
                          
ASUS
Stock
NANOLUX
-
d
536
                                 
66,044
                                  
10.84
        
66,044
                                 
ASUS
Stock
APTOS
-
d
312,600
                          
-
                                            
0.35
          
-
                                           
ASUS
Stock
94BOT
-
d
100,000
                          
-
                                            
4.80
          
-
                                           
ASUS
Stock
A-WEI TECH
-
d
301,876
                          
1,352
                                    
1.83
          
1,352
                                   
ASUS
Stock
AISTORM
-
d
178,784
                          
14,613
                                  
0.69
          
14,613
                                 
ASUS
Stock
EOSTEK
-
d
1,600,000
                       
13,464
                                  
14.94
        
13,464
                                 
ASUS
Stock
AMTRUST
b
d
7,500,000
                       
83,553
                                  
7.81
          
83,553
                                 
ASMEDIA
Fund
FUH HWA RMB  MONEY MARKET
-
a
531,862
                          
28,643
                                  
-
                
28,643
                                 
ASMEDIA
Fund
MEGA DIAMOND  MONEY MARKET
-
a
23,739,799
                     
300,964
                                
-
                
300,964
                               
ASMEDIA
Fund
CAPITAL  MONEY MARKET
-
a
17,226,216
                     
280,737
                                
-
                
280,737
                               
ASMEDIA
Stock
AUGENTIX
-
d
1,600,000
                       
27,136
                                  
11.59
        
27,136
                                 
ASMEDIA
Stock
ICATCH TECHNOLOGY
-
d
5,500,000
                       
476,630
                                
7.38
          
476,630
                               
ASMEDIA
Stock
WT PREFERRED STOCK
a
d
8,000,000
                       
391,600
                                
-
                
391,600
                               
ASKEY
Stock
CIPHERMAX
-
b
9,234
                              
-
                                            
0.00
-
                                           
ASKEY
Stock
RETI
-
b
80,700
                            
-
                                            
3.32
          
-
                                           
MIC
Stock
BROADCOM
-
b
90
                                   
1,658
                                    
0.00
1,658
                                   
MIC
Stock
ZARLINK SEMI-CONDUCTOR
-
b
44,775
                            
-
                                            
0.04
-
                                           
DIC
Stock
FORTE' MEDIA
-
b
200,000
                          
-
                                            
0.30
-
                                           
HCVC
Fund
YUANTA WAN TAI  MONEY MARKET
-
a
558,765
                          
8,538
                                    
-
                
8,538
                                   
HCVC
Fund
TAISHIN 1699 MONEY MARKET
-
a
2,722,282
                       
37,237
                                  
-
                
37,237
                                 
HCVC
Fund
YUANTA DE BAO  MONEY MARKET
-
a
348,419
                          
4,226
                                    
-
                
4,226
                                   
HCVC
Stock
LEDLINK
-
c
336,546
                          
10,635
                                  
0.67
10,635
                                 
HCVC
Stock
APAQ TECHNOLOGY
b
d
10,668,012
                     
647,548
                                
11.99
647,548
                               
HCVC
Stock
A-WEI TECH
-
d
301,876
                          
1,352
                                    
1.83
1,352
                                   
HMI
Fund
TAISHIN 1699 MONEY MARKET
-
a
2,496,303
                       
34,146
                                  
-
                
34,146
                                 
HMI
Stock
APAQ TECHNOLOGY
-
d
3,210,015
                       
194,848
                                
3.61
194,848
                               
HMI
Stock
A-WEI TECH
-
d
174,417
                          
781
                                       
1.06
781
                                      
AAEON
Stock
ADVANTECH
-
a
802
                                 
318
                                       
0.00
318
                                      
AAEON
Fund
MEGA DIAMOND  MONEY MARKET
-
a
2,091,070
                       
26,510
                                  
-
                
26,510
                                 
AAEON
Stock
MACHVISION TECHNOLOGY
b
a
1,180,198
                       
329,275
                                
2.64
329,275
                               
AAEON
Stock
ATECH OEM TECHNOLOGY
b
a
234
                                 
3
                                           
0.00
3
                                          
AAEON
Stock
INSYNERGER TECHNOLOGY
-
b
1,710,000
                       
19,359
                                  
19.29
        
19,359
                                 
AAEON
Stock
UNITECH ELECTRONICS
-
a
549,657
                          
12,285
                                  
0.73
12,285
                                 
AAEON
Stock
LILEE SYSTEMS PREFERRED STOCK
-
a
468,750
                          
-
                                            
-
                
-
                                           
AAEON
Stock
ALLIED BIOTECH
b
a
300,000
                          
4,575
                                    
0.31
4,575
                                   
AAEON
Stock
TELEION WIRELESS PREFERRED  STOCK
-
a
149,700
                          
-
                                            
-
                
-
                                           
AAEON
Stock
V-NET AAEON
-
b
29
                                   
9,452
                                    
14.50
9,452
                                   
AAEONI
Stock
ATECH OEM TECHNOLOGY
b
a
3,456,000
                       
41,126
                                  
5.82
41,126
                                 
AAEONI
Stock
SUNENGINE
b
a
156,903
                          
1,089
                                    
2.75
1,089
                                   
ONYX
Stock
MELTEN CONNECTED HEALTHCARE
-
d
4,193,548
                       
2,381
                                    
6.61
2,381
                                   
ONYX
Stock
MACHVISION TECHNOLOGY
b
a
18,716
                            
5,222
                                    
0.04
          
5,222
                                   
ONYX
Stock
INNO FUND III
-
b
3,000,000
                       
36,406
                                  
13.04
        
36,406
                                 
ONYX
Stock
TOP UNION ELECTRONICS
-
a
169,658
                          
4,903
                                    
0.17
          
4,903
                                   
ONYX
Stock
PROTECTLIFE INTERNATIONAL BIOMEDICAL
-
d
2,500,000
                       
30,000
                                  
6.30
          
30,000
                                 
ASGL
Fund
JIH SUN MONEY MARKET
-
a
816,699
                          
12,240
                                  
-
                
12,240
                                 
ASGL
Fund
USD TERM LIQUIDITY (USD185A3)
-
a
952,519
                          
2,778,557
                             
-
                
2,778,557
                            
ASGL
Fund
USD TERM LIQUIDITY (USD370A)
-
b
959,903
                          
2,781,409
                             
-
                
2,781,409
                            
ASGL
Bond
AAC TECHNOLOGIES HOLDINGS
-
e
1,900,000
                     
53,215
                                
-
              
53,268
                               
ASGL
Bond
ABBVIE
-
e
1,750,000
                     
52,345
                                
-
              
51,372
                               
ASGL
Bond
ADANI TRANSMISSION
-
e
1,850,000
                     
52,675
                                
-
              
53,791
                               
ASGL
Bond
AERCAP IRELAND CAPITAL DAC/ AERCAP GLOBAL AVIATION
TRUST
-
e
3,550,000
                       
107,198
                                
-
                
106,790
                               
ASGL
Bond
AFRICA FINANCE
-
e
3,690,000
                     
107,425
                              
-
              
107,950
                             
ASGL
Bond
AIB GROUP
-
e
1,800,000
                     
52,505
                                
-
              
52,475
                               
ASGL
Bond
AIR LEASE
-
e
3,900,000
                     
108,329
                              
-
              
106,227
                             
ASGL
Bond
AIRCASTLE
-
e
3,580,000
                     
107,413
                              
-
              
106,199
                             
ASGL
Bond
ALCON FINANCE
-
e
1,500,000
                     
44,241
                                
-
              
42,934
                               
ASGL
Bond
ALLY FINANCIAL
-
e
1,670,000
                     
51,992
                                
-
              
52,185
                               
ASGL
Bond
APT PIPELINE
-
e
1,640,000
                     
48,918
                                
-
              
48,562
                               
ASGL
Bond
ARCELORMITTAL
-
e
1,900,000
                     
57,154
                                
-
              
57,596
                               
ASGL
Bond
ARDAGH PACKAGING FINANCE / ARDAGH MP HOLDINGS
USA
-
e
1,140,000
                       
32,056
                                  
-
                
32,581
                                 
ASGL
Bond
AUSTRALIA AND NEW ZEALAND BANKING GROUP
-
e
3,460,000
                     
106,656
                              
-
              
104,890
                             
ASGL
Bond
AVIATION CAPITAL GROUP
-
e
3,920,000
                     
108,413
                              
-
              
105,888
                             
ASGL
Bond
AVOLON HOLDINGS FUNDING
-
e
3,450,000
                       
107,018
                                
-
                
105,584
                               
ASGL
Bond
BANCO BTG PACTUAL OF CAYMAN ISLANDS
-
e
2,420,000
                     
64,410
                                
-
              
65,745
                               
ASGL
Bond
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR
-
e
3,820,000
                     
107,923
                              
-
              
105,870
                             
ASGL
Bond
BANCO SANTANDER
-
e
3,400,000
                     
106,466
                              
-
              
104,778
                             
ASGL
Bond
BANK OF AMERICA
-
e
3,430,000
                     
106,333
                              
-
              
104,580
                             
ASGL
Bond
BANK OF NOVA SCOTIA
-
e
1,670,000
                     
51,835
                                
-
              
50,801
                               
(Amounts in thousands of New Taiwan dollars)
Note
Held
Company
Name
Relationship with the
Company
(Note 1)
Financial Statement Account
(Note 2)
 December 31, 2021
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
MARKETABLE SECURITIES HELD
(EXCLUDING INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES)
 DECEMBER 31, 2021
Marketable Securities
Table 2

347
Type
Name
Shares/Units
Carrying Value
Percentage
(%)
Fair Value
Note
Held
Company
Name
Relationship with the
Company
(Note 1)
Financial Statement Account
(Note 2)
 December 31, 2021
Marketable Securities
ASGL
Bond
BARCLAYS
-
e
3,410,000
                     
104,529
                              
-
              
105,326
                             
ASGL
Bond
BAYER US FINANCE II
-
e
3,530,000
                     
107,755
                              
-
              
105,731
                             
ASGL
Bond
BERRY GLOBAL
-
e
3,740,000
                     
107,565
                              
-
              
107,086
                             
ASGL
Bond
BHARAT PETROLEUM
-
e
1,840,000
                     
52,431
                                
-
              
53,120
                               
ASGL
Bond
BHARTI AIRTEL
-
e
2,110,000
                     
61,194
                                
-
              
62,219
                               
ASGL
Bond
BNP PARIBAS
-
e
3,520,000
                     
107,738
                              
-
              
106,010
                             
ASGL
Bond
BOC AVIATION
-
e
3,860,000
                     
108,592
                              
-
              
107,712
                             
ASGL
Bond
BPCE
-
e
3,420,000
                     
106,542
                              
-
              
104,472
                             
ASGL
Bond
CHENIERE CORPUS CHRISTI HOLDINGS
-
e
1,690,000
                     
51,227
                                
-
              
51,863
                               
ASGL
Bond
CHOUZHOU INTERNATIONAL INVESTMENT
-
e
3,820,000
                     
106,884
                              
-
              
107,748
                             
ASGL
Bond
CIFI HOLDINGS GROUP
-
e
1,150,000
                     
31,313
                                
-
              
30,718
                               
ASGL
Bond
CIT BANK, N.A.
-
e
1,880,000
                     
53,063
                                
-
              
53,600
                               
ASGL
Bond
CITIGROUP
-
e
1,680,000
                     
51,976
                                
-
              
51,307
                               
ASGL
Bond
CNH INDUSTRIAL CAPITAL
-
e
1,940,000
                     
53,738
                                
-
              
53,749
                               
ASGL
Bond
COLORADO INTERSTATE GAS / COLORADO INTERSTATE
ISSUING
-
e
1,940,000
                       
58,476
                                  
-
                
58,445
                                 
ASGL
Bond
COMMONWEALTH BANK OF AUSTRALIA
-
e
1,700,000
                     
51,855
                                
-
              
51,642
                               
ASGL
Bond
CONAGRA BRANDS
-
e
1,680,000
                     
51,835
                                
-
              
51,151
                               
ASGL
Bond
COOPERATIEVE RABOBANK U.A.
-
e
3,570,000
                     
108,137
                              
-
              
106,478
                             
ASGL
Bond
COX COMMUNICATION
-
e
1,750,000
                     
52,615
                                
-
              
51,438
                               
ASGL
Bond
CREDIT SUISSE GROUP
-
e
3,440,000
                     
107,297
                              
-
              
104,961
                             
ASGL
Bond
CROWN AMERICAS / CROWN AMERICAS CAPITAL V
-
e
2,240,000
                     
62,708
                                
-
              
66,188
                               
ASGL
Bond
CVS HEALTH
-
e
1,780,000
                     
52,708
                                
-
              
52,055
                               
ASGL
Bond
DELL INTERNATIONAL / EMC
-
e
3,310,000
                     
105,326
                              
-
              
104,753
                             
ASGL
Bond
DEUTSCHE BANK
-
e
2,520,000
                     
74,193
                                
-
              
74,599
                               
ASGL
Bond
DISCOVER BANK
-
e
1,760,000
                     
52,393
                                
-
              
51,559
                               
ASGL
Bond
GENTING NY / GENNY CAP
-
e
3,940,000
                     
108,902
                              
-
              
108,015
                             
ASGL
Bond
GLENCORE FUNDING
-
e
1,960,000
                     
54,077
                                
-
              
53,720
                               
ASGL
Bond
GLOBAL PAYMENTS
-
e
1,660,000
                     
51,761
                                
-
              
51,036
                               
ASGL
Bond
GLP
-
e
3,710,000
                     
106,152
                              
-
              
106,935
                             
ASGL
Bond
GOLDMAN SACHS GROUP
-
e
1,720,000
                     
52,651
                                
-
              
51,942
                               
ASGL
Bond
HCA
-
e
1,650,000
                     
51,462
                                
-
              
51,386
                               
ASGL
Bond
HEWLETT PACKARD
-
e
2,130,000
                     
59,084
                                
-
              
58,917
                               
ASGL
Bond
HIKMA FINANCE USA
-
e
3,780,000
                     
107,973
                              
-
              
107,368
                             
ASGL
Bond
HYATT HOTELS
-
e
3,600,000
                     
106,894
                              
-
              
108,387
                             
ASGL
Bond
ICICI BANK OF DUBAI
-
e
1,830,000
                     
52,831
                                
-
              
53,943
                               
ASGL
Bond
INTERNATIONAL GAME TECHNOLOGY
-
e
1,200,000
                     
33,590
                                
-
              
34,215
                               
ASGL
Bond
IQVIA
-
e
2,330,000
                     
64,055
                                
-
              
66,187
                               
ASGL
Bond
JERSEY CENTRAL POWER & LIGHT
-
e
1,800,000
                     
54,477
                                
-
              
54,056
                               
ASGL
Bond
KEYBANK NATIONAL ASSOCIATION OF CLEVELAND, OHIO
-
e
1,700,000
                     
51,258
                                
-
              
50,163
                               
ASGL
Bond
KOHL'S
-
e
2,100,000
                     
61,545
                                
-
              
62,244
                               
ASGL
Bond
LENNAR
-
e
3,390,000
                     
105,968
                              
-
              
105,247
                             
ASGL
Bond
LEVIATHAN BOND
-
e
2,230,000
                     
63,616
                                
-
              
65,394
                               
ASGL
Bond
LLOYDS BANKING GROUP
-
e
3,460,000
                     
104,765
                              
-
              
105,006
                             
ASGL
Bond
LUNDIN ENERGY FINANCE BV
-
e
3,910,000
                     
107,846
                              
-
              
107,531
                             
ASGL
Bond
LYB INTERNATIONAL FINANCE III
-
e
1,000,000
                     
27,160
                                
-
              
26,707
                               
ASGL
Bond
MACQUARIE BANK
-
e
3,490,000
                     
106,180
                              
-
              
105,389
                             
ASGL
Bond
MARATHON PETROLEUM
-
e
1,760,000
                     
52,674
                                
-
              
53,167
                               
ASGL
Bond
MEG ENERGY
-
e
2,350,000
                     
66,200
                                
-
              
66,208
                               
ASGL
Bond
MEITUAN
-
e
1,490,000
                     
39,741
                                
-
              
39,795
                               
ASGL
Bond
MEXICO CITY AIRPORT TRUST
-
e
3,600,000
                     
106,883
                              
-
              
105,502
                             
ASGL
Bond
MGM GROWTH PROPERTIE SOPERATING PARTNERSHIP / MGP
FINANCE
-
e
1,150,000
                       
31,656
                                  
-
                
33,901
                                 
ASGL
Bond
MICROCHIP TECHNOLOGY
-
e
1,000,000
                     
28,648
                                
-
              
28,750
                               
ASGL
Bond
MITSUBISHI UFJ FINANCIAL GROUP
-
e
1,760,000
                     
52,291
                                
-
              
50,687
                               
ASGL
Bond
MIZUHO FINANCIAL GROUP
-
e
1,882,000
                     
56,916
                                
-
              
55,734
                               
ASGL
Bond
NATIONWIDE BUILDING SOCIETY
-
e
3,510,000
                     
107,009
                              
-
              
104,364
                             
ASGL
Bond
NORTHRIVER MIDSTREAM FINANCE
-
e
2,330,000
                     
64,251
                                
-
              
67,126
                               
ASGL
Bond
NXP / NXP FUNDING
-
e
1,630,000
                     
51,955
                                
-
              
50,999
                               
ASGL
Bond
OCCIDENTAL PETROLEUM
-
e
2,400,000
                     
58,425
                                
-
              
68,245
                               
ASGL
Bond
ONEOK
-
e
3,340,000
                     
104,635
                              
-
              
106,066
                             
ASGL
Bond
ONGC VIDESH VANKORNEFT
-
e
3,700,000
                     
105,857
                              
-
              
107,327
                             
ASGL
Bond
OVINTIV EXPLORATION
-
e
1,240,000
                     
33,224
                                
-
              
38,035
                               
ASGL
Bond
PACIFIC GAS AND ELECTRIC
-
e
3,830,000
                     
106,853
                              
-
              
107,793
                             
ASGL
Bond
PHILLIPS 66 PARTNERS
-
e
3,580,000
                     
107,068
                              
-
              
105,486
                             
ASGL
Bond
PRIME SECURITY SERVICES BORROWER / PRIME FINANCE
-
e
2,190,000
                     
63,631
                                
-
              
65,085
                               
ASGL
Bond
PT BANK MANDIRI (PERSERO)
-
e
1,740,000
                     
51,509
                                
-
              
52,595
                               
ASGL
Bond
PULTEGROUP
-
e
1,570,000
                     
49,782
                                
-
              
49,412
                               
ASGL
Bond
ROYALTY PHARMA
-
e
1,960,000
                     
53,706
                                
-
              
53,133
                               
ASGL
Bond
SABINE PASS LIQUEFACTION
-
e
1,640,000
                     
51,482
                                
-
              
52,107
                               
ASGL
Bond
SANTANDER UK GROUP HOLDINGS
-
e
3,460,000
                     
105,329
                              
-
              
104,503
                             
ASGL
Bond
SHIMAO GROUP HOLDINGS
-
e
3,770,000
                     
107,016
                              
-
              
65,119
                               
ASGL
Bond
SHINHAN BANK
-
e
3,540,000
                     
106,566
                              
-
              
104,740
                             
ASGL
Bond
SHINHAN FINANCIAL GROUP
-
e
1,950,000
                     
54,070
                                
-
              
53,222
                               
ASGL
Bond
SK HYNIX
-
e
660,000
                        
17,998
                                
-
              
17,875
                               
ASGL
Bond
SOCIETE GENERALE
-
e
3,520,000
                     
105,111
                              
-
              
104,605
                             
ASGL
Bond
SOFTBANK GROUP
-
e
1,140,000
                     
30,705
                                
-
              
30,929
                               
ASGL
Bond
SOLVAY FINANCE AMERICA
-
e
1,680,000
                     
51,491
                                
-
              
50,695
                               
ASGL
Bond
SOUTHWESTERN ENERGY
-
e
2,240,000
                     
66,181
                                
-
              
68,141
                               
ASGL
Bond
STANDARD CHARTERED
-
e
3,530,000
                     
106,936
                              
-
              
105,142
                             
ASGL
Bond
SUMITOMO MITSUI FINANCIAL GROUP
-
e
1,760,000
                     
52,077
                                
-
              
50,607
                               
ASGL
Bond
SYNCHRONY FINANCIAL
-
e
3,540,000
                     
104,181
                              
-
              
104,115
                             
ASGL
Bond
SYNGENTA FINANCE
-
e
3,550,000
                     
107,594
                              
-
              
105,563
                             
ASGL
Bond
TECHNIPFMC
-
e
2,210,000
                     
63,807
                                
-
              
65,501
                               
ASGL
Bond
TENGIZCHEVROIL FINANCE INTERNATIONAL
-
e
3,800,000
                     
106,846
                              
-
              
105,568
                             
ASGL
Bond
T-MOBILE USA
-
e
1,930,000
                     
53,427
                                
-
              
52,798
                               
ASGL
Bond
TRINITY ACQUISITION
-
e
1,680,000
                     
52,267
                                
-
              
50,896
                               
ASGL
Bond
TURKCELL ILETISIM HIZMETLERI
-
e
1,200,000
                     
31,673
                                
-
              
32,718
                               
ASGL
Bond
UBS GROUP
-
e
1,660,000
                     
51,542
                                
-
              
50,127
                               
ASGL
Bond
UTAH ACQUISITION SUB
-
e
3,260,000
                     
98,525
                                
-
              
97,342
                               
ASGL
Bond
VANKE REAL ESTATE (HONG KONG)
-
e
1,710,000
                     
48,937
                                
-
              
47,900
                               
ASGL
Bond
VMWARE
-
e
1,690,000
                     
51,073
                                
-
              
50,960
                               
ASGL
Bond
WESTERN MIDSTREAM OPERATING
-
e
2,300,000
                     
63,193
                                
-
              
67,844
                               
ASGL
Bond
WOODSIDE FINANCE
-
e
2,020,000
                     
58,647
                                
-
              
59,514
                               
ASGL
Bond
XP US EQUITY
-
e
1,620,000
                     
41,474
                                
-
              
43,182
                               
AIL
Fund
PRODIGY STRATEGY INVESTMENT XIV
-
a
3,530
                              
133,349
                                
-
                
133,349
                               
AIL
Stock
EONEX
-
d
31,733
                            
-
                                            
2.70
-
                                           
AIL
Stock
ISTAGING
-
d
988,889
                          
13,615
                                  
2.15
13,615
                                 
AIL
Stock
PTSN
-
d
260,977,800
                   
118,328
                                
4.91
118,328
                               
AIL
Fund
ASIA PACIFIC GENESIS C
-
b
-
                                     
8,145
                                    
9.00
8,145
                                   
UEI
Fund
CAPITAL  MONEY MARKET
-
a
500,661
                          
8,159
                                    
-
                
8,159
                                   
Note 1
 a. Associate. b. Other related parties.
Note 2
 a. Financial assets at fair value through profit or loss - current
b. Financial assets at fair value through profit or loss - non-current
c. Financial assets at fair value through other comprehensive income - current
Note 2
 d. Financial assets at fair value through other comprehensive income - non-current
e. Financial assets measured at amortized costs - non-current.

348
Type
Name
Shares/Units
Amount
Shares/Units
Amount
(Note 2)
Shares/Units
Amount
Carrying
Value
(Note 2)
Gain/Loss on
Disposal
Shares/Units
Amount
ASUS
Fund
a
-
-
   229,708,763    3,057,355   926,872,737      12,350,963
a
1,156,581,500
  
15,413,658
  
15,401,832
 
a
11,826
          
-
                      
                  -
6,486
          
b
ASUS
Fund
a
-
-
   241,402,253    3,682,640   215,230,958        3,285,000
a
456,633,211
     
6,968,648
     
6,965,318
   
a
3,330
            
-
                      
                  -
2,322
          
b
ASUS
Fund
a
-
-
   133,714,369    2,251,857     83,041,839
       1,400,000
a
216,756,208
     
3,653,033
     
3,650,000
   
a
3,033
            
-
                      
                  -
1,857
          
b
ASUS
Fund
a
-
-
   107,829,740    1,512,161   340,568,324        4,780,237
a
448,398,064
     
6,294,520
     
6,289,085
   
a
5,435
            
-
                      
                  -
3,313
          
b
ASUS
Fund
a
-
-
     96,539,338
   1,382,482   135,286,995        1,940,000
a
231,826,333
     
3,324,255
     
3,320,000
   
a
4,255
            
-
                      
                  -
2,482
          
b
ASUS
Fund
a
-
-
   219,593,451    2,996,550   357,788,065        4,890,000
a
577,381,516
     
7,891,122
     
7,880,370
   
a
10,752
          
-
                      
                  -
6,180
          
b
ASUS
Fund
a
-
-
     48,707,812
      800,946     97,415,623
       1,603,223
a
146,123,435
     
2,405,172
     
2,403,274
   
a
1,898
            
-
                      
                  -
895
             
b
ASUS
Fund
a
-
-
     72,749,890
   1,195,928     71,692,616
       1,180,000
a
144,442,506
     
2,377,337
     
2,374,000
   
a
3,337
            
-
                      
                  -
1,928
          
b
ASUS
Fund
a
-
-
     60,296,929
      901,439     52,734,870
          790,000
a
113,031,799
     
1,693,034
     
1,690,000
   
a
3,034
            
-
                      
                  -
1,439
          
b
ASUS
Fund
a
-
-
                       -                   -
  219,452,779        2,660,000
a
219,452,779
     
2,660,369
     
2,660,000
   
a
369
               
-
                      
                  -
ASUTC
Fund
a
-
-
     60,031,084
      987,145   120,062,169        1,976,686
a
180,093,253
     
2,965,760
     
2,947,686
   
a
18,074
          
-
                      
                  -
16,145
        
b
ASGL
Fund
a
-
-
                       -                   -
         952,519
       2,800,900
a
-
                        
-
                    
33,025
        
c
-
                    
952,519
          
   2,778,557
            10,682
b
ASGL
Fund
b
-
-
                       -                   -
         959,903
       2,800,900
a
-
                        
-
                    
33,059
        
c
-
                    
959,903
          
   2,781,409
            13,568
b
ASUS
Stock
e
POSIFLEX
-
                       -                   -
    29,493,170
       1,500,000
a
-
                        
-
                    
18,940
        
e
-
                    
29,493,170
    
   1,563,796
            80,830
d
               1,906
f
ASUS
Stock
d
-
-
   110,677,983  38,737,294                       -                        -
7,500,000
         
2,754,909
     
354,004
      
a
2,400,905
     
103,177,983
  
 40,910,070
       2,526,780
b
(Note 3)
ASTP
Capital
e
-
-
                       -           1,099
                      -           413,816
a
-
                        
-
                    
-
                  
-
                    
-
                      
      420,158
               1,576
d
               3,667
c
Note 1
a. Financial assets at fair value through profit or loss - current.
               b. Financial assets at fair value through profit or loss - non-current.
               c. Financial assets at fair value through other comprehensive income - current.
               d. Financial assets at fair value through other comprehensive income - non-current.
               e. Investments accounted for under equity method.
Note 2
a. Acquired or capital increase/ disposed or capital reduction/liquidation in this period.
               b. Revaluation.
               c. Recognized in effect of exchange rate changes.
               d. Recognized in investment gain or loss under equity investment.
               e. Recognized in other comprehensive income (loss) under equity investment.
               f. Recognized in capital surplus under equity investment.
Note 3
The difference of disposal is the accumulated other comprehensive income transferred to retained earnings.
APVN
UPAMC JAMES BOND
MONEY MARKET
ADVANTECH
PORTWELL
SINOPAC TWD
MONEY MARKET
TAISHIN TA CHONG
MONEY MARKET
TAISHIN 1699 MONEY
MARKET
NOMURA TAIWAN
MONEY MARKET
YUANTA DE LI
MONEY MARKET
JIH SUN MONEY
MARKET
NOMURA TAIWAN
MONEY MARKET
USD TERM LIQUIDITY
(USD185A3)
USD TERM LIQUIDITY
(USD370A)
YUANTA DE BAO
MONEY MARKET
UNION  MONEY
MARKET
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Table 3
MARKETABLE SECURITIES ACQUIRED AND DISPOSED OF AT COSTS OR PRICES OF AT LEAST NT$300 MILLION
OR 20% OF THE PAID-IN CAPITAL
YEAR ENDED DECEMBER 31, 2021
(Amounts in thousands of New Taiwan dollars)
YUANTA WAN TAI
MONEY MARKET
Ending Balance
Acquisition
Company
Name
Financial
Statement
Account
(Note 1)
Counter-
party
Disposal
Beginning Balance
Marketable Securities
Nature of
Relationship

349
Purchases/
(Sales)
Amount
Percentage of
Total
Purchases/
(Sales)
amount (%)
Payment Terms
Unit Price
Payment Terms
Ending Balance
Percentage of
Total Notes/Trade
Receivables
(Payables) (%)
ASUS
ASUTC
b
(Sales)
23,143,705)
(          
5.06)
(             
OA 90
 -
-
2,459,425
            
1.95
                       
ASUS
ASGL
b
(Sales)
422,707,167)
(        
92.43)
(           
OA 180
 -
-
63,819,459
          
50.49
                     
ASUS
AAEON
b
(Sales)
1,120,200)
(            
0.24)
(             
Month-end 30 days
 -
-
121,793
               
0.10
                       
ASUS
UEI
b
(Sales)
628,529)
(               
0.14)
(             
OA 30
 -
-
13,292
                 
0.01
                       
ASUS
ASKEY
b
Purchases
292,446
               
0.04
             
Month-end 60 days
 -
-
56,793)
(                 
0.04)
(                       
ASUS
ASMEDIA
b
Purchases
453,647
               
0.07
             
Month-end 30 days
 -
-
37,626)
(                 
0.03)
(                       
ASUS
WT
c
Purchases
2,051,524
            
0.32
             
Month-end 60 days
 -
-
822,249)
(               
0.59)
(                       
ASGL
ACCQ
b
(Sales)
10,752,861)
(          
2.30)
(             
OA 180
 -
-
713,636
               
0.58
                       
ASGL
ACI
b
(Sales)
99,558,218)
(          
21.26)
(           
OA 180
 -
-
38,909,032
          
31.51
                     
ASGL
ACSH
b
(Sales)
79,602,953)
(          
17.00)
(           
OA 180
 -
-
25,492,444
          
20.64
                     
ASGL
ACJP
b
(Sales)
8,083,226)
(            
1.73)
(             
OA 120
 -
-
1,923,681
            
1.56
                       
ASGL
ASIN
b
(Sales)
13,836,078)
(          
2.96)
(             
OA 180
 -
-
6,231,928
            
5.05
                       
ASGL
ACMH
b
(Sales)
4,068,857)
(            
0.87)
(             
OA 180
 -
-
1,187,709
            
0.96
                       
ASGL
ACNL
b
(Sales)
23,661,986)
(          
5.05)
(             
OA 180
 -
-
6,174,868
            
5.00
                       
ASGL
ACJK
b
(Sales)
13,473,050)
(          
2.88)
(             
OA 180
 -
-
5,688,996
            
4.61
                       
ASGL
ACBT
b
(Sales)
442,178)
(               
0.09)
(             
OA 180
 -
-
176,263
               
0.14
                       
ASGL
ACG
b
(Sales)
757,949)
(               
0.16)
(             
OA 90
 -
-
180,960
               
0.15
                       
ASGL
ACH
b
(Sales)
103,043)
(               
0.02)
(             
OA 90
 -
-
29,802
                 
0.02
                       
ASMEDIA
WT
c
(Sales)
928,142)
(               
15.45)
(           
Month-end 30 days
 -
-
40,010
                 
7.48
                       
ASKEY
ASKEYI
b
(Sales)
5,936,568)
(            
25.29)
(           
Month-end 90 days
 -
-
1,526,359
            
20.60
                     
ASKEY
SILIGENCE
b
(Sales)
317,411)
(               
1.35)
(             
Month-end 90 days
 -
-
16,833
                 
0.23
                       
ASKEY
ASKEYJS
b
(Sales)
3,967,604)
(            
NA (Note 2) Month-end 90 days
-
-
681,639
               
9.20
                       
ASKEY
ASKEYJS
b
Purchases
12,887,228
          
52.28
           
Month-end 90 days
Based on cost of finished
goods plus related
expenditure of related party
-
3,830,294)
(            
56.60)
(                     
ASKEY
WT
c
Purchases
321,500
               
1.30
             
Month-end 120 days
-
-
29,250)
(                 
0.43)
(                       
ASKEYJS
WT
c
Purchases
172,163
               
1.60
             
Month-end 120 days
-
-
49,836)
(                 
1.75)
(                       
ASKEYJS
TECHMOSA
c
Purchases
151,798
               
1.41
             
Month-end 120 days
-
-
-
                           
-
                             
AAEON
AAEONEI
b
(Sales)
983,439)
(               
22.20)
(           
Month-end 60 days
 -
-
220,205
               
21.49
                     
AAEON
AAEONEU
b
(Sales)
707,740)
(               
15.97)
(           
Month-end 60 days
 -
-
221,870
               
21.66
                     
AAEON
AAEONSZ
b
(Sales)
311,994)
(               
7.04)
(             
Month-end 60 days
-
-
53,464
                 
5.22
                       
AAEON
ONYXHU
b
(Sales)
122,769)
(               
2.77)
(             
Month-end 60 days
-
-
25,449
                 
2.48
                       
ONYX
ONYXHU
b
(Sales)
277,974)
(               
29.72)
(           
Month-end 90 days
-
-
99,253
                 
45.38
                     
Note 1 :  a. Parent company
b. Subsidiary
c. Associate
d. Other.
Note 2
Purchasing raw materials is for subsidiary and the related sales revenue are eliminated in the financial reports.
(Amounts in thousands of New Taiwan dollars)
Note
Company
Name
Related Party
Nature of
Relationship
(Note 1)
Transaction Details
Abnormal Transaction
Notes/Trade Receivables
(Payables)
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
TOTAL PURCHASES FROM OR SALES TO RELATED PARTIES OF AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL
YEAR ENDED DECEMBER 31, 2021
Table 4

350
Table 5
Amount
Action Taken
ASUS
ASUTC
b
2,459,425
                       
9.47
-
                              
-
2,322,396
                               
-
                                         
ASUS
ASGL
b
63,819,459
                     
12.41
-
                              
-
63,795,796
                             
-
                                         
ASUS
AAEON
b
121,793
                          
13.71
-
                              
-
90,463
                                    
-
                                         
ASGL
ACCQ
b
713,636
                          
6.40
-
                              
-
486,478
                                  
-
                                         
ASGL
ACI
b
38,909,032
                     
2.99
-
                              
-
14,501,692
                             
-
                                         
ASGL
ACSH
b
25,492,444
                     
3.76
-
                              
-
10,880,409
                             
-
                                         
ASGL
ACJP
b
1,923,681
                       
3.52
-
                              
-
1,552,702
                               
-
                                         
ASGL
ASIN
b
6,231,928
                       
2.61
-
                              
-
2,295,164
                               
-
                                         
ASGL
ACMH
b
1,187,709
                       
3.73
-
                              
-
658,555
                                  
-
                                         
ASGL
ACNL
b
6,174,868
                       
4.56
-
                              
-
4,010,316
                               
-
                                         
ASGL
ACJK
b
5,688,996
                       
2.95
-
                              
-
2,792,219
                               
-
                                         
ASGL
ACBT
b
176,263
                          
4.12
-
                              
-
74,499
                                    
-
                                         
ASGL
ACG
b
180,960
                          
5.70
-
                              
-
178,700
                                  
-
                                         
ASGL
ACIN
b
147,291
                          
0.35
-
                              
-
22,204
                                    
-
                                         
ASGL
ASTH
b
117,424
                          
0.05
-
                              
-
20,183
                                    
4,715
                                  
ASKEY
ASKEYI
b
1,526,359
                       
3.71
-
                              
-
55,584
                                    
-
                                         
ASKEY
ASKEYJS
b
681,639
                          
4.32
-
                              
-
359,838
                                  
-
                                         
AAEON
AAEONEU
b
221,870
                          
4.73
-
                              
-
68,217
                                    
-
                                         
AAEON
AAEONEI
b
220,205
                          
7.17
-
                              
-
217,321
                                  
-
                                         
ASKEYJS
ASKEY
b
3,830,294
                       
3.20
-
                              
-
470,560
                                  
-
                                         
Note 
a. Parent company
b. Subsidiary
c. Associate
d. Other.
Turnover (Times)
Amounts Received
in Subsequent Period
Loss allowance
Company Name
Related Party
Nature of
Relationship
(Note)
Ending Balance
Overdue
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
RECEIVABLES FROM RELATED PARTIES AMOUNTING TO AT LEAST NT$100 MILLION OR 20% OF THE PAID-IN CAPITAL
 DECEMBER 31, 2021
(Amounts in thousands of New Taiwan dollars)

351
Financial Statements Account
Amount
Terms
Percentage of
Consolidated Net Revenue
or Total Assets (%)
0
ASUS
ASUTC
a
Sales
23,143,705
                                    
OA 90
4.32
                                           
0
ASUS
ASGL
a
Sales
422,707,167
                                  
OA 180
78.98
                                         
0
ASUS
AAEON
a
Sales
1,120,200
                                      
Month-end 30 days
0.21
                                           
0
ASUS
UEI
a
Sales
628,529
                                         
OA 30
0.12
                                           
1
ASMEDIA
ASUS
b
Sales
453,647
                                         
Month-end 30 days
0.08
                                           
2
ASGL
ACCQ
c
Sales
10,752,861
                                    
OA 180
2.01
                                           
2
ASGL
ACI
c
Sales
99,558,218
                                    
OA 180
18.60
                                         
2
ASGL
ACSH
c
Sales
79,602,953
                                    
OA 180
14.87
                                         
2
ASGL
ACJP
c
Sales
8,083,226
                                      
OA 120
1.51
                                           
2
ASGL
ASIN
c
Sales
13,836,078
                                    
OA 180
2.59
                                           
2
ASGL
ACMH
c
Sales
4,068,857
                                      
OA 180
0.76
                                           
2
ASGL
ACNL
c
Sales
23,661,986
                                    
OA 180
4.42
                                           
2
ASGL
ACJK
c
Sales
13,473,050
                                    
OA 180
2.52
                                           
2
ASGL
ACBT
c
Sales
442,178
                                         
OA 180
0.08
                                           
2
ASGL
ACG
c
Sales
757,949
                                         
OA 90
0.14
                                           
2
ASGL
ACH
c
Sales
103,043
                                         
OA 90
0.02
                                           
3
ASKEY
ASUS
b
Sales
292,446
                                         
Month-end 60 days
0.05
                                           
3
ASKEY
SILIGENCE
c
Sales
317,411
                                         
Month-end 90 days
0.06
                                           
3
ASKEY
ASKEYI
c
Sales
5,936,568
                                      
Month-end 90 days
1.11
                                           
3
ASKEY
ASKEYJS
c
Sales
3,967,604
                                      
Month-end 90 days
0.74
                                           
4
ASKEYJS
ASKEY
c
Sales
12,887,228
                                    
Month-end 90 days
2.41
                                           
5
AAEON
AAEONEI
c
Sales
983,439
                                         
Month-end 60 days
0.18
                                           
5
AAEON
AAEONSZ
c
Sales
311,994
                                         
Month-end 60 days
0.06
                                           
5
AAEON
AAEONEU
c
Sales
707,740
                                         
Month-end 60 days
0.13
                                           
5
AAEON
ONYXHU
c
Sales
122,769
                                         
Month-end 60 days
0.02
                                           
6
ONYX
ONYXHU
c
Sales
277,974
                                         
Month-end 90 days
0.05
                                           
7
ACH
ASGL
c
Service revenue
385,199
                                         
Pay on delivery
0.07
                                           
8
ACAE
ASGL
c
Service revenue
158,999
                                         
Pay on delivery
0.03
                                           
9
ACI
ASGL
c
Service revenue
560,415
                                         
Pay on delivery
0.10
                                           
10
ACCZS
ASGL
c
Service revenue
459,026
                                         
Pay on delivery
0.09
                                           
11
ACF
ASGL
c
Service revenue
435,023
                                         
Pay on delivery
0.08
                                           
12
ACG
ASGL
c
Service revenue
389,954
                                         
Pay on delivery
0.07
                                           
13
ACHK
ASGL
c
Service revenue
152,805
                                         
Pay on delivery
0.03
                                           
14
ACIN
ASGL
c
Service revenue
140,826
                                         
Pay on delivery
0.03
                                           
15
ACKR
ASGL
c
Service revenue
114,098
                                         
Pay on delivery
0.02
                                           
16
ACPL
ASGL
c
Service revenue
126,927
                                         
Pay on delivery
0.02
                                           
17
ACUK
ASGL
c
Service revenue
230,501
                                         
Pay on delivery
0.04
                                           
18
ACVN
ASGL
c
Service revenue
136,284
                                         
Pay on delivery
0.03
                                           
19
ACCQ
ASGL
c
Service revenue
1,301,399
                                      
Pay on delivery
0.24
                                           
20
ACSH
ASGL
c
Service revenue
174,890
                                         
Pay on delivery
0.03
                                           
21
ACSZ
ASGL
c
Service revenue
2,366,810
                                      
Pay on delivery
0.44
                                           
22
ACAU
ASGL
c
Service revenue
207,684
                                         
Pay on delivery
0.04
                                           
23
ACN
ASGL
c
Service revenue
316,725
                                         
Pay on delivery
0.06
                                           
24
ACIT
ACNL
c
Service revenue
231,179
                                         
Pay on delivery
0.04
                                           
25
ACIB
ACNL
c
Service revenue
187,724
                                         
Pay on delivery
0.04
                                           
26
ACS
ASGL
c
Service revenue
187,933
                                         
Pay on delivery
0.04
                                           
No.
(Note 1)
Company Name
Related Party
Nature of
Relationship
(Note 2)
Table 6-1
Intercompany Transactions
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS
(ONLY TRANSACTIONS AMOUNTING TO AT LEAST NT$100 MILLION ARE DISCLOSED)
YEAR ENDED DECEMBER 31, 2021
(Amounts in thousands of New Taiwan dollars)

352
Financial Statements Account
Amount
Terms
Percentage of
Consolidated Net Revenue
or Total Assets (%)
0
ASUS
ASUTC
a
Trade receivables
2,459,425
                                      
OA 90
0.49
                                           
0
ASUS
ASGL
a
Trade receivables
63,819,459
                                    
OA 180
12.66
                                         
0
ASUS
AAEON
a
Trade receivables
121,793
                                         
Month-end 30 days
0.02
                                           
2
ASGL
ACCQ
c
Trade receivables
713,636
                                         
OA 180
0.14
                                           
2
ASGL
ACI
c
Trade receivables
38,909,032
                                    
OA 180
7.72
                                           
2
ASGL
ACSH
c
Trade receivables
25,492,444
                                    
OA 180
5.06
                                           
2
ASGL
ACJP
c
Trade receivables
1,923,681
                                      
OA 120
0.38
                                           
2
ASGL
ASIN
c
Trade receivables
6,231,928
                                      
OA 180
1.24
                                           
2
ASGL
ACMH
c
Trade receivables
1,187,709
                                      
OA 180
0.24
                                           
2
ASGL
ACNL
c
Trade receivables
6,174,868
                                      
OA 180
1.22
                                           
2
ASGL
ACJK
c
Trade receivables
5,688,996
                                      
OA 180
1.13
                                           
2
ASGL
ACBT
c
Trade receivables
176,263
                                         
OA 180
0.03
                                           
2
ASGL
ACG
c
Trade receivables
180,960
                                         
OA 90
0.04
                                           
2
ASGL
ACIN
c
Trade receivables
147,291
                                         
OA 150
0.03
                                           
2
ASGL
ASTH
c
Trade receivables
117,424
                                         
OA 150
0.02
                                           
3
ASKEY
ASKEYI
c
Trade receivables
1,526,359
                                      
Month-end 90 days
0.30
                                           
3
ASKEY
ASKEYJS
c
Trade receivables
681,639
                                         
Month-end 90 days
0.14
                                           
4
ASKEYJS
ASKEY
c
Trade receivables
3,830,294
                                      
Month-end 90 days
0.76
                                           
5
AAEON
AAEONEI
c
Trade receivables
220,205
                                         
Month-end 60 days
0.04
                                           
5
AAEON
AAEONEU
c
Trade receivables
221,870
                                         
Month-end 60 days
0.04
                                           
7
ACH
ASGL
c
Trade receivables
121,812
                                         
Pay on delivery
0.02
                                           
10
ACCZS
ASGL
c
Trade receivables
100,890
                                         
Pay on delivery
0.02
                                           
11
ACF
ASGL
c
Other receivables
121,112
                                         
Pay on delivery
0.02
                                           
12
ACG
ASGL
c
Trade receivables
120,800
                                         
Pay on delivery
0.02
                                           
19
ACCQ
ASGL
c
Other receivables
301,169
                                         
Pay on delivery
0.06
                                           
21
ACSZ
ASGL
c
Trade receivables
774,524
                                         
Pay on delivery
0.15
                                           
22
ACAU
ASGL
c
Other receivables
146,530
                                         
Pay on delivery
0.03
                                           
Note 1
 ASUS and its subsidiaries are coded as follows:
                a. ASUS is coded 0.
                b. The subsidiaries are coded consecutively beginning from 1 in the order presented in the table above.
Note 2
 Transactions are categorized as follows:
                a. The parent company to subsidiary.
                b. Subsidiary to parent company.
                c. Subsidiary to subsidiary.  
Table 6-2
(Amounts in thousands of New Taiwan dollars)
No.
(Note 1)
Company Name
Related Party
Nature of
Relationship
(Note 2)
Intercompany Transactions
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
INTERCOMPANY RELATIONSHIPS AND SIGNIFICANT INTERCOMPANY TRANSACTIONS
(ONLY TRANSACTIONS AMOUNTING TO AT LEAST NT$100 MILLION ARE DISCLOSED)
 DECEMBER 31, 2021

353
December 31,
2021
December 31,
2020
 Shares
 Percentage of
Ownership (%)
Carrying
Value
ASUS
ACI
U.S.A
Selling of 3C products in North  America
13,320
             
13,320
                  
50,000
             
100.00
            
-
                      
1,650,091
        
1,650,091
     
Note 2 and 3
ASUS
ASUTC
Taiwan
Selling of 3C products in Taiwan
204,244
           
204,244
                
19,000,000
      
100.00
            
216,326
           
520,353
           
520,353
        
Note 1 and 2
ASUS
ACH
Netherlands
Repairing of 3C products
155,336
           
37,821
                  
10,800,000
      
100.00
            
325,071
           
12,595
             
12,595
          
Note 2
ASUS
AIL
Cayman Islands
Investing in 3C and computer peripheral business
3,281,057
        
3,281,057
             
89,730,042
      
100.00
            
34,654,377
      
2,597,679
        
2,597,679
     
Note 1 and 2
ASUS
DEEP
Taiwan
Researching, developing and selling of AI medical
related software
45,030
             
45,030
                  
674,908
           
21.96
              
40,362
             
13,509)
(             
2,966)
(            
Note 2
ASUS
ASGL
Singapore
Selling of 3C products
838,070
           
838,070
                
28,000,000
      
100.00
            
49,928,352
      
17,629,540
      
16,450,878
   
Note 2
ASUS
ASKEY
Taiwan
Designing, manufacturing, repairing and selling of
communication products and computer peripheral
spare parts
5,021,108
        
5,021,108
             
480,000,000
    
100.00
            
731,690
           
1,732,472)
(        
1,717,840)
(     
Note 2
ASUS
HCVC
Taiwan
Investing in computer peripherals business
1,100,000
        
1,100,000
             
114,500,000
    
100.00
            
3,077,622
        
376,646
           
376,646
        
Note 2
ASUS
HMI
Taiwan
Investing in computer peripherals business
680,000
           
680,000
                
68,000,000
      
100.00
            
1,657,921
        
186,378
           
186,378
        
Note 2
ASUS
QCI
Singapore
Servicing of information technology
25,290
             
25,290
                  
830,001
           
100.00
            
43,242
             
32,640
             
32,640
          
Note 2
ASUS
ASUSCLOUD
Taiwan
Selling and consulting of internet service
596,678
           
596,678
                
23,645,558
      
94.58
              
24,103
             
76,009)
(             
71,891)
(          
Note 2
ASUS
UEI
Taiwan
Manufacturing and selling  of automotive electronics
and computer peripherals
66,354
             
66,354
                  
21,300,000
      
100.00
            
245,770
           
152,242
           
152,242
        
Note 2
ASUS
GAIUS
Cayman Islands
Investing in electric motor tricycle industry
310,400
           
310,400
                
16,386,481
      
35.00
              
218,354
           
136,758)
(           
47,865)
(          
Note 2
ASUS
TWS
Taiwan
Servicing of AI computing
299,000
           
-
                            
29,900,000
      
100.00
            
152,242
           
146,758)
(           
146,758)
(        
Note 2
ASUS
PORTWELL
Taiwan
Manufacturing and selling of  computers and
computer peripherals and servicing information
software
1,500,000
        
-
                            
29,493,170
      
30.00
              
1,563,796
        
363,604
           
80,830
          
Note 2
ASUS
NEXTS
Cayman Islands
Investing in cloud computing service business
94,324
             
94,324
                  
8,560,974
        
43.48
              
97,740
             
39,337
             
17,103
          
Note 2
ASUS
LELTEKH
Cayman Islands
Researching, developing, selling of handheld
ultrasound solutions
136,054
           
-
                            
8,418,740
        
22.78
              
140,710
           
7,232)
(               
1,647)
(            
Note 2
ASUS and HCVC ACJK
Indonesia
Selling of 3C products in Indonesia
259,576
           
259,576
                
8,500
               
100.00
            
6,501
               
179,590)
(           
179,590)
(        
Note 2
ASUS and HCVC IMOTION
Taiwan
Investing in AI and IPC peripherals business
270,000
           
270,000
                
27,000,000
      
30.00
              
60,514
             
4,126
               
1,052
            
Note 2
ASUS and HCVC ACBT
Indonesia
Selling of 3C products in Indonesia
1,126,979
        
1,126,979
             
4,211,100
        
100.00
            
100,919
           
55,323)
(             
55,323)
(          
Note 2
ASUS and HCVC SWI
Taiwan
Researching, developing, selling and consulting of
information system software
72,146
             
72,146
                  
5,469,750
        
51.00
              
75,877
             
1,771
               
903
               
Note 2
ASUS and HCVC IUT
Taiwan
Researching, developing, manufacturing and selling
of ink-jet print heads and ink-jet digital image output
technology
177,743
           
177,743
                
11,323,682
      
69.25
              
124,278
           
8,127
               
5,628
            
Note 2
ASUS
HCVC
and HMI
ASMEDIA
Taiwan
Designing, researching, developing and
manufacturing of high-speed analog circuit
342,673
           
342,673
                
31,775,315
      
45.99
              
7,445,626
        
3,193,148
        
1,130,522
     
Note 2
ASUS
HCVC
and HMI
EMC
Taiwan
Designing, manufacturing and selling of computer
peripheral spare parts
81,060
             
81,060
                  
6,359,548
        
17.78
              
292,629
           
627,912
           
39,737
          
Note 2
ASUS
HCVC
and HMI
AAEON
Taiwan
Manufacturing and selling of industrial computers
and computer peripherals
3,357,568
        
3,357,568
             
60,474,000
      
40.69
              
5,001,342
        
468,244
           
128,751
        
Note 2
ASUS
HCVC
and HMI
JPX
Taiwan
Designing and selling of computer peripheral spare
parts
20,000
             
20,000
                  
2,000,000
        
15.38
              
5,970
               
23,609)
(             
1,923)
(            
Note 2
ASUS and HCVC UPI
Taiwan
Designing, researching, developing and selling of
integrated circuits
452,526
           
486,532
                
23,889,905
      
33.79
              
2,110,845
        
1,113,190
        
317,057
        
Note 2
ASUS
HMI and
AAEON
ONYX
Taiwan
Designing, manufacturing and selling of medical
computers
146,376
           
146,376
                
17,188,300
      
56.80
              
567,147
           
131,481
           
7,361
            
Note 2 and 4
HMI
JOGEEK
Taiwan
Selling and repairing of information software and
electronic information materials
30,000
             
30,000
                  
3,000,000
        
100.00
            
24,828
             
2,395)
(               
-
                    
Note 2
ASKEY
ASKEYI
U.S.A
Selling and servicing of communication products
307,607
           
307,607
                
10,000,000
      
100.00
            
22,827
             
42,198
             
-
                    
Note 2
ASKEY
DIC
British Virgin Islands
Investing in communication business
271,695
           
271,695
                
8,160,172
        
100.00
            
74,095
             
59
                    
-
                    
Note 2
ASKEY
MIC
British Virgin Islands
Investing in communication business
3,752,306
        
3,752,306
             
114,942,014
    
100.00
            
3,015,925
        
56,376
             
-
                    
Note 2
ASKEY
ECOLAND
Taiwan
Planning and design integration of ecology,
architecture and energy
21,840
             
21,840
                  
780,000
           
33.91
              
-
                      
6,081)
(               
-
                    
Note 2 and 3
ASKEY
ASKEYDT
Taiwan
Selling and servicing of communication products
30,000
             
30,000
                  
3,000,000
        
100.00
            
30,100
             
35
                    
-
                    
Note 2
ASKEY
WONDA
Taiwan
Manufacturing and designing of wired and wireless
communication, electronic parts products, etc.
65,344
             
65,344
                  
9,242,232
        
100.00
            
48,927
             
20,334
             
-
                    
Note 2
ASKEY
ASKEYUK
U.K.
Selling and servicing of communication products
37,740
             
37,740
                  
1,000,000
        
100.00
            
32,173
             
5,236)
(               
-
                    
Note 2
ASKEY and MIC
ASKEYBR
Brazil
Selling and servicing of communication products
28,667
             
26,883
                  
3,700,000
        
100.00
            
5,567
               
158
                  
-
                    
Note 2
DIC
ASKEYVN
Vietnam
Manufacturing and selling of communication
products
158,732
           
163,319
                
2,883,359
        
100.00
            
70,436
             
-
                      
-
                    
Note 2
Net Income
(Loss) of the
Investee
Share of
Profit/Loss
of Investee
Note
Investor Company Investee Company
Location
Main Businesses
Original Investment Amount
December 31, 2021
NAMES, LOCATIONS, AND RELATED INFORMATION OF INVESTEES OVER WHICH THE COMPANY EXERCISES SIGNIFICANT INFLUENCE
(EXCLUDING INFORMATION ON INVESTMENTS IN MAINLAND CHINA)
YEAR ENDED DECEMBER 31, 2021
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Table 7
(Amounts in thousands of New Taiwan dollars)

354
December 31,
2021
December 31,
2020
 Shares
 Percentage of
Ownership (%)
Carrying
Value
Net Income
(Loss) of the
Investee
Share of
Profit/Loss
of Investee
Note
Investor Company Investee Company
Location
Main Businesses
Original Investment Amount
December 31, 2021
DIC
WISE
Hong Kong
Investing in communication business
37,410
             
38,491
                  
1,600,000
        
100.00
            
12,193
             
148
                  
-
                    
Note 2
MIC
MAGICOM
Cayman Islands
Investing in communication business
2,519,710
        
2,592,534
             
91,030,000
      
100.00
            
3,205,821
        
21,486
             
-
                    
Note 2
MIC
ASKEYCG
Germany
Selling and servicing of communication products
3,622
               
3,727
                    
100,000
           
100.00
            
1,911
               
1,182)
(               
-
                    
Note 2
MIC
ASKEYTH
Thailand
Selling and servicing of communication products
1,735
               
1,786
                    
20,000
             
100.00
            
1,093
               
1,629
               
-
                    
Note 2
MIC
ASKEYJP
Japan
Selling and servicing of communication products
1,301
               
1,339
                    
500,000
           
100.00
            
-
                      
1,641
               
-
                    
Note 2 and 3
ASKEY and
WISE
SILIGENCE
France
Selling and servicing of communication products
174,071
           
175,149
                
4,623,090
        
95.95
              
72,096
             
914
                  
-
                    
Note 2
AAEON
AAEONEI
U.S.A
Selling of industrial computers and computer
peripherals
135,632
           
139,552
                
490,000
           
100.00
            
221,656
           
25,783
             
-
                    
Note 2
AAEON
AAEONTCL
British Virgin Islands
Investing in industrial computers and interface cards
business
243,780
           
250,826
                
8,807,097
        
100.00
            
240,950
           
27,032
             
-
                    
Note 2
AAEON
AAEONEU
Netherlands
Selling of industrial computers and computer
peripherals
3,132
               
3,502
                    
-
                      
100.00
            
31,446
             
5,245
               
-
                    
Note 2
AAEON
AAEONI
Taiwan
Investing in industrial computers and computer
peripherals business
150,000
           
150,000
                
15,000,000
      
100.00
            
119,379
           
5,175)
(               
-
                    
Note 2
AAEON
LITEMAX
Taiwan
Selling of computer peripherals
70,218
             
70,218
                  
5,015,050
        
11.99
              
103,896
           
112,149
           
-
                    
Note 2
AAEON
IBASE
Taiwan
Manufacturing and selling of industrial motherboard
3,498,501
        
3,498,501
             
52,921,856
      
31.91
              
3,257,009
        
312,547
           
-
                    
Note 2
AAEON
AAEONSG
Singapore
Selling of industrial computers and computer
peripherals
11,936
             
12,577
                  
465,840
           
100.00
            
53,253
             
6,990
               
-
                    
Note 2
AAEONEU
AAEONG
Germany
Selling of industrial computers and computer
peripherals
940
                  
1,051
                    
-
                      
100.00
            
19,044
             
811
                  
-
                    
Note 2
ONYX
ONYXHU
U.S.A
Selling of medical computers and peripherals
55,360
             
56,960
                  
200,000
           
100.00
            
94,100
             
631)
(                  
-
                    
Note 2
ONYX
ONYXHE
Netherlands
Marketing support and repairing of medical
computers and peripherals
3,132
               
3,502
                    
100,000
           
100.00
            
11,672
             
4,215
               
-
                    
Note 2
ONYX
IHELPER
Taiwan
Researching, developing and selling of medical
robots
16,560
             
16,560
                  
1,656,000
        
46.00
              
7,557
               
1,930)
(               
-
                    
Note 2
ONYX
WINMATE
Taiwan
Bidding and distribution of liquid crystal display
application equipment and modules
552,783
           
538,199
                
10,041,000
      
13.85
              
561,275
           
364,706
           
-
                    
Note 2
ASUSCLOUD
ASUSCLOUDSG
Singapore
Investing in internet service business
24,853
             
24,853
                  
-
                      
100.00
            
1,762
               
861)
(                  
-
                    
Note 2
ASUSCLOUD
ASUSCLOUDLB
Luxembourg
Providing maintenance and  operating  service for
information hardware
18,065
             
18,065
                  
-
                      
100.00
            
2,949
               
160
                  
-
                    
Note 2
ASUSCLOUD
ASUSLC
Taiwan
Selling of internet information service
5,000
               
5,000
                    
500,000
           
50.00
              
-
                      
2,703)
(               
-
                    
Note 2 and 3
ASMEDIA
WT
Taiwan
Agent sales of semiconductor and electronic
components
6,624,000
        
6,624,000
             
171,000,000
    
21.44
              
11,391,413
      
7,923,257
        
-
                    
Note 2
AIL
CHANNEL
British Virgin Islands
Investing in 3C business
831,313
           
855,340
                
30,033,000
      
100.00
            
35,913,547
      
2,594,502
        
-
                    
Note 2
CHANNEL
ASTP
Singapore
Investing in 3C business
830,469
           
854,471
                
44,419,424
      
100.00
            
38,241,435
      
180,308
           
-
                    
Note 2
CHANNEL and
ASTP
ACEG
Egypt
Providing support for 3C products in Egypt
-
                   
-
                        
-
                      
100.00
            
1,152
               
20
                    
-
                    
Note 2
CHANNEL and
ASTP
ACAE
United Arab Emirates
Providing support and repair for 3C products in
Middle East
81,463
             
3,928
                    
107
                  
100.00
            
98,734
             
318)
(                  
-
                    
Note 2
CHANNEL and
ASTP
ASID
Indonesia
Repairing of 3C products in Asia-pacific and
America
41,520
             
42,720
                  
1,500,000
        
100.00
            
41,286
             
4,083
               
-
                    
Note 2
CHANNEL
ASTP and ACNL
ACTH
Thailand
Providing support for 3C products in Thailand
13,076
             
13,454
                  
20,000
             
100.00
            
24,813
             
3,999
               
-
                    
Note 2
CHANNEL
ASTP and ACNL
ASTH
Thailand
Repairing of 3C products in Thailand
5,248
               
5,400
                    
60,000
             
100.00
            
7,427
               
2,620
               
-
                    
Note 2
ASTP
ACG
Germany
Selling and providing support for 3C products
in Germany
2,622
               
2,698
                    
-
                      
100.00
            
168,192
           
12,751
             
-
                    
Note 2
ASTP
ACF
France
Providing support for 3C products in France
1,380
               
1,420
                    
5,300
               
100.00
            
61,979
             
6,726
               
-
                    
Note 2
ASTP
ACUK
U.K.
Providing support for 3C products in United
Kingdom
2,498
               
2,570
                    
50,000
             
100.00
            
64,656
             
8,759
               
-
                    
Note 2
ASTP
ACHK
Hong Kong
Providing support and repair for 3C products
in Hong Kong
1,781
               
1,833
                    
500,000
           
100.00
            
14,032
             
296
                  
-
                    
Note 2
ASTP
ACKR
South Korea
Providing support and repair for 3C products
in South Korea
9,576
               
9,852
                    
158,433
           
100.00
            
48,173
             
4,457
               
-
                    
Note 2
ASTP
ACIN
India
Providing support and repair for 3C products
in India
228,843
           
235,457
                
20,134,400
      
100.00
            
316,798
           
26,861
             
-
                    
Note 2
ASTP
ACNL
Netherlands
Selling of 3C products
16,115
             
16,580
                  
375,000
           
100.00
            
1,693,671
        
182,490
           
-
                    
Note 2
ASTP
ACVN
Vietnam
Providing support and repair for 3C products in
Vietnam
2,214
               
2,278
                    
-
                      
100.00
            
29,921
             
4,914
               
-
                    
Note 2
ASTP
ACIB
Spain
Providing support for 3C products in Spain
17
                    
17
                         
3,000
               
100.00
            
48,649
             
5,887
               
-
                    
Note 2
ASTP
ACJP
Japan
Selling of 3C products in Japan
67,750
             
69,708
                  
20,500
             
100.00
            
384,910
           
66,119
             
-
                    
Note 2
ASTP
ASAU
Australia
Repairing of 3C products in Australia
26,719
             
27,492
                  
950,000
           
100.00
            
65,868
             
11,521
             
-
                    
Note 2
ASTP
ACAU
Australia
Providing support for 3C products in Australia
9,987
               
10,276
                  
350,000
           
100.00
            
57,204
             
3,753
               
-
                    
Note 2
ASTP
ACIL
Israel
Providing support for 3C products in Israel
360
                  
370
                       
50,000
             
100.00
            
10,631
             
5,899
               
-
                    
Note 2
ASTP
ACCO
Colombia
Providing support for 3C products in Colombia
830
                  
854
                       
74,489
             
100.00
            
4,090
               
1,400
               
-
                    
Note 2
ASTP
ACZA
South Africa
Providing support and repair for 3C products
in Africa
2
                      
2
                           
1,000
               
100.00
            
7,313
               
1,471
               
-
                    
Note 2
ASTP
ACMY
Malaysia
Providing support and repair for 3C products
in Malaysia
3,235
               
3,328
                    
500,000
           
100.00
            
20,829
             
1,980
               
-
                    
Note 2
ASTP
ACCL
Chile
Providing support for 3C products in Chile
48
                    
49
                         
1,000
               
100.00
            
3,540
               
1,570
               
-
                    
Note 2

355
December 31,
2021
December 31,
2020
 Shares
 Percentage of
Ownership (%)
Carrying
Value
Net Income
(Loss) of the
Investee
Share of
Profit/Loss
of Investee
Note
Investor Company Investee Company
Location
Main Businesses
Original Investment Amount
December 31, 2021
ASTP
ASPH
Philippines
Providing support and repair for 3C products
in Philippines
5,545
               
5,706
                    
1,059,995
        
100.00
            
7,921
               
1,815
               
-
                    
Note 2
ASTP
APVN
Vietnam
Leasing and trading real estate
415,200
           
1,424
                    
-
                      
100.00
            
420,158
           
1,576
               
-
                    
Note 2
ASTP and ACNL
A25
Russia
Selling of 3C products in Russia
4
                      
4
                           
-
                      
100.00
            
5,037
               
9,465
               
-
                    
Note 2
ASTP and ACNL
ACPE
Peru
Providing support for 3C products in Peru
35,030
             
36,073
                  
4,195,740
        
100.00
            
29,868
             
649
                  
-
                    
Note 2
ASTP and ACNL
ACMH
Mexico
Selling of 3C products in Mexico
105,396
           
108,241
                
51,250
             
100.00
            
264,364
           
249,002
           
-
                    
Note 2
ASTP and ACNL
ACBZ
Brazil
Selling of 3C products in Brazil
5,456,036
        
5,613,750
             
549,469,000
    
100.00
            
3,048,331
        
527,004
           
-
                    
Note 2
ASTP and ACNL
ASIN
India
Selling of 3C products in India
187,601
           
193,023
                
33,500,000
      
100.00
            
568,773
           
260,029
           
-
                    
Note 2
ACNL
ACHU
Hungary
Providing support for 3C products
in Hungary
1,566
               
1,751
                    
-
                      
100.00
            
10,821
             
1,616
               
-
                    
Note 2
ACNL
ACPT
Portugal
Providing support for 3C products in Portugal
940
                  
1,051
                    
30,000
             
100.00
            
14,507
             
1,896
               
-
                    
Note 2
ACNL
ACCH
Switzerland
Providing support for 3C products in
Switzerland
7,157
               
8,003
                    
3,400
               
100.00
            
19,842
             
2,747
               
-
                    
Note 2
ACNL
ACN
Sweden
Providing support for 3C products in North
Europe
998
                  
1,116
                    
3,000
               
100.00
            
50,567
             
11,595
             
-
                    
Note 2
ACNL
ACTR
Turkey
Providing support and repair for 3C products in
Turkey
127,382
           
15,411
                  
2,046
               
100.00
            
164,532
           
56,438
             
-
                    
Note 2
ACNL
ASTR
Turkey
Repairing of 3C products in Turkey
319
                  
357
                       
3,000
               
100.00
            
6,285
               
3,799
               
-
                    
Note 2
ACNL
ACPL
Poland
Providing support for 3C products in Poland
45,592
             
50,976
                  
1,000
               
100.00
            
55,001
             
4,868
               
-
                    
Note 2
ACNL
ACIT
Italy
Providing support for 3C products in Italy
1,503
               
1,681
                    
-
                      
100.00
            
220
                  
4,034
               
-
                    
Note 2
ACNL
ACCZ
Czech Republic
Providing support for 3C products in Czech
Republic
245
                  
274
                       
-
                      
100.00
            
22,267
             
2,782
               
-
                    
Note 2
ACNL
ACCZS
Czech Republic
Repairing of 3C products in Europe
6,560
               
7,335
                    
-
                      
100.00
            
127,672
           
14,808
             
-
                    
Note 2
ACNL
QCS
Sweden
Servicing of information technology
146
                  
163
                       
500
                  
100.00
            
-
                      
6,887
               
-
                    
Note 2 and 3
ACNL
ACUKR
Ukraine
Providing support for 3C products in Ukraine
9,196
               
-
                            
-
                      
100.00
            
10,805
             
1,085
               
-
                    
Note 2
Note 1
Original investment amount excludes other interest oriented from shareholders’ stock trust which distributes to employees.
Note 2
According to regulation, only disclose the share of profits/losses of investee recognized by ASUS.
Note 3
Credit balance of investments accounted for under equity method is transferred to other liabilities - non-current.
Note 4
Percentage of ownership represents controlling shareholding ratio but not the comprehensive shareholding ratio.

356
Outflow
Inflow
ACSH
Selling of 3C products in China
1,331,408
   
b
1,331,408
   
-
                     
-
                     
1,331,408
   
455,541
        
100.00
455,541
            
-
                          
-
                    
ASTP
Invested (Note 3)
ACS
Repairing of 3C products
55,360
        
b
55,360
        
-
                     
-
                     
55,360
        
4,702
            
100.00
4,702
                
79,301
                
-
                    
ASTP
Invested
ACSZ
Researching and developing of
3C products
1,356,320
   
b
1,356,320
   
-
                     
-
                     
1,356,320
   
177,435
        
100.00
177,435
            
3,309,795
           
-
                    
ASTP
Invested
ACCQ
Selling of 3C products in China
1,909,920
   
b
1,909,920
   
-
                     
-
                     
1,909,920
   
473,757
        
100.00
473,757
            
6,509,563
           
-
                    
ASTP
Invested
ACISZ
Leasing real estate
716,886
      
c
-
                  
-
                     
-
                     
-
                  
4,744
            
100.00
4,744
                
711,126
              
-
                    
-
ASKEYSH
Researching, developing and selling of
communication products
83,040
        
b
83,040
        
-
                     
-
                     
83,040
        
1,783)
(            
100.00
1,783)
(                
-
                          
-
                    
MIC
Invested (Note 3)
ASKEYJS
Manufacturing and selling of
communication products
2,491,200
   
b
2,491,200
   
-
                     
-
                     
2,491,200
   
21,738
          
100.00
21,738
              
3,065,403
           
-
                    
MAGICOM
Invested
AAEONSZ
Manufacturing and selling of
industrial computers and interface cards
240,547
      
b
240,547
      
-
                     
-
                     
240,547
      
27,177
          
100.00
27,177
              
249,690
              
-
                    
AAEONTCL
Invested
ONYXSH
Selling  of medical computers and
peripherals
60,896
        
a
55,360
        
5,536
              
-
                     
60,896
        
2,588)
(            
100.00
2,588)
(                
7,508
                  
-
                    
-
EMES
Selling and consulting of information
system software
8,304
          
a
8,304
          
-
                     
-
                     
8,304
          
5,311
            
100.00
5,311
                
22,470
                
-
                    
-
JSCD
Participating and promoting of
professional eSports
673,900
      
a
673,900
      
-
                     
-
                     
673,900
      
97,435)
(          
100.00
97,435)
(              
311,035
              
-
                    
-
EOSTEK
SHENZHEN
Smart TV and projector platform service
193,760
      
c
49,603
        
-
                     
-
                     
49,603
        
-
                    
14.94
-
                       
-
                          
-
                    
-
Company
Name
Ending Balance of Accumulated
Investment in Mainland China
ASUS
5,832,243
USD 210,702
ASKEY
2,931,926
USD 105,922
AAEON
240,547
USD 8,690
SWI
8,304
USD 300
ONYX
60,896
USD 2,200
Note 1
The methods for engaging in investment in Mainland China include the following:
               a. Direct investment in Mainland China.
               b. Indirectly investment in Mainland China through companies registered in a third region (Please specify the name of the company in third region).
               c. Other methods.
Note 2
The investment income (loss) recognized in current period:
               Please specify no investment income (loss) has been recognized due to the investment is still during development stage.
               The investment income (loss) were determined based on the following basis:
               a. The financial report was audited by an international accounting firm in cooperation with an R.O.C. accounting firm.
               b. Others.
Note 3
Credit balance of investments accounted for under equity method transferred to other liabilities - non-current.
Note 4
In accordance with the “Regulations Governing the Examination of Investment or Technical Cooperation in Mainland China”, there is no upper limit on investment.
USD 2,200
60,896
620,860
USD 340
2,931,926
(Note 4)
USD 105,922
9,411
89,267
240,547
5,034,317
USD 8,690
Note
(Note 1 b)
Investment Amounts Authorized by
Investment Commission, MOEA
Upper Limit on Investment Authorized by
Investment Commission, MOEA
6,009,395
147,861,880
Investment
Income (Loss)
Recognized in
Current Period
(Note 2 a and b)
Carrying
Amount as of
December 31,
2021
(Note 2 a and b)
Ending
Balance of
Accumulated
Inward
Remittance of
Earnings
USD 217,102
Ending
Balance
Accumulated
Outflow of
Investment
from
Taiwan
Net Income
(Loss) of the
Investee
Company
Percentage of
Ownership
(%)
Investment Flows
Investee
Company
Main Businesses
Total
Amount of
Paid-in
Capital
Method of
Investment
(Note 1)
Beginning
Balance of
Accumulated
Outflow of
Investment
from
Taiwan
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
INFORMATION ON INVESTMENTS IN MAINLAND CHINA
YEAR ENDED DECEMBER 31, 2021
Table 8
(Amounts in thousands of New Taiwan dollars and foreign currencies)

ASUSTek Computer Inc. 
   
 
     Chairman