# EDGAR Filing Document

**Accession Number:** 0001962696
**File Stem:** 0001104659-26-032409
**Filing Date:** 2026-3
**Character Count:** 66945
**Document Hash:** 65721fd28b680edfae14d9f35a6d1a76
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-032409.hdr.sgml**: 20260320

**ACCESSION NUMBER**: 0001104659-26-032409

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260320

**DATE AS OF CHANGE**: 20260320

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Perfect Corp.
- **CENTRAL INDEX KEY:** 0001899830
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93810
- **FILM NUMBER:** 26776064

**BUSINESS ADDRESS:**
- **STREET 1:** 14F., NO. 98, MINQUAN RD.
- **STREET 2:** XINDIAN DISTRICT
- **CITY:** NEW TAIPEI CITY
- **STATE:** F5
- **ZIP:** 231
- **BUSINESS PHONE:** 886-2-8667-1265

**MAIL ADDRESS:**
- **STREET 1:** 14F., NO. 98, MINQUAN RD.
- **STREET 2:** XINDIAN DISTRICT
- **CITY:** NEW TAIPEI CITY
- **STATE:** F5
- **ZIP:** 231
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CyberLink International Technology Corp.
- **CENTRAL INDEX KEY:** 0001962696

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** PALM GROVE HOUSE
- **STREET 2:** P.O. BOX 438
- **CITY:** ROAD TOWN, TORTOLA
- **STATE:** D8
- **ZIP:** VG1110
- **BUSINESS PHONE:** 886-2-8667-1298

**MAIL ADDRESS:**
- **STREET 1:** 15F., NO.100, MINQUAN RD., XINDIAN DIST.
- **CITY:** NEW TAIPEI CITY 231
- **STATE:** F5
- **ZIP:** 231

## Ex-2

Exhibit 2

**CONSORTIUM AGREEMENT**

THIS CONSORTIUM AGREEMENT is made as of March 18, 2026 (the "<u>Agreement</u>"), by and among Ms. Alice H. Chang (the "<u>Chairwoman</u>"), GOLDEN EDGE CO., LTD., a British Virgin Islands company controlled by the Chairwoman ("<u>Golden Edge</u>"), DVDonet.com. Inc., a British Virgin Islands company controlled by the Chairwoman ("<u>DVDonet</u>"), World Speed Company Limited, a British Virgin Islands company controlled by the Chairwoman ("<u>World Speed</u>", together with Chairwoman, Golden Edge and DVDonet, the "<u>Chairwoman Parties</u>"), and CyberLink International Technology Corp., a British Virgin Islands exempted company ("<u>CyberLink</u>", and together with the Chairwoman Parties, the "<u>Parties</u>," and each a "<u>Party</u>"). Unless otherwise defined herein, capitalized terms used herein shall have the meanings assigned to them in Section 10.1 hereof.

WHEREAS, the Parties propose to undertake an acquisition transaction (the "<u>Transaction</u>") with respect to Perfect Corp., a company incorporated under the laws of the Cayman Islands (the "<u>Target</u>") and listed on the New York Stock Exchange ("<u>NYSE</u>"), pursuant to which the Target would be delisted from NYSE and deregistered under the U.S. Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>");

WHEREAS, (a) in connection with the Transaction, the Parties propose to form a new company ("<u>Holdco</u>") under the laws of the Cayman Islands, and to cause Holdco to form a directly or indirectly wholly-owned subsidiary ("<u>Merger Sub</u>") under the laws of the Cayman Islands, and (b) at the closing of the Transaction (the "<u>Closing</u>"), the Parties intend that Merger Sub will be merged with and into the Target, with the Target being the surviving company and becoming a direct, wholly-owned subsidiary of Holdco (the "<u>Surviving Company</u>");

WHEREAS, on the date hereof, the Parties will submit a joint, non-binding proposal, a copy of which is attached hereto as Schedule A (the "<u>Proposal</u>"), to the board of directors of Target (the "<u>Target Board</u>") in connection with the Transaction; and

WHEREAS, in accordance with the terms of this Agreement, the Parties will cooperate and participate in (a) the evaluation of the Target, (b) discussions regarding the Proposal with the Target, (c) the negotiation of the terms of definitive documentation in connection with the Transaction (in which negotiations the Parties expect that the Target will be represented by a special committee of independent and disinterested directors of the Target Board (the "<u>Special Committee</u>")), including an agreement and plan of merger among Holdco (or a subsidiary directly and wholly owned by Holdco), Merger Sub and the Target in form and substance to be agreed by the Parties (the "<u>Merger Agreement</u>"), which shall be subject to the approval of the shareholders of the Target and, if applicable, (d) the negotiation of debt financing documents in connection with the Transaction.

NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual agreements and covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

**1.** **Participation in the Transaction; Proposal; Holdco Ownership** 

1.1 <u>Participation in the Transaction</u>. The Parties agree to participate in the Transaction on the terms
 set forth in this Agreement. Notwithstanding anything to the contrary contained in this Agreement,
 the Parties shall work jointly to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) engage,
 terminate or change all joint Advisors (as identified and defined in Section 2.2 below)
 to the Consortium, and determine the scope and engagement terms of such joint Advisors in
 connection with the Proposal and the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) negotiate,
 on behalf of the Consortium, with the Special Committee and its advisors on the Transaction,
 and determine the terms of the Transaction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) determine
 whether debt financing is required to support the Transaction (the " <u>Debt Financing</u> "),
 and (ii) to the extent that the Parties determine that the Debt Financing is necessary
 or desirable, (x) identify financing banks and other financing sources with respect
 to the Debt Financing; and (y) negotiate, on behalf of the Consortium, with the Special
 Committee, the financing banks, and their respective advisors on the Debt Financing, and
 determine the terms of the Debt Financing.

1.2 <u>Proposal</u>.
 On or about the date hereof, the Parties shall submit the Proposal to the Target Board. Thereafter,
 the Parties shall collectively: (a) engage in discussions with the Target regarding
 the Proposal; and (b) negotiate in good faith the terms of any documentation in respect
 of the Transaction, including the Merger Agreement and the terms of agreements between the
 Parties required to support the Proposal or to regulate the relationship between the Parties.
 The Parties further agree to negotiate in good faith to reach agreement on a shareholders
 agreement that would, among other things, govern the relationship of the shareholders in
 Holdco following the Closing, and contain provisions customary for transactions of this type.
 Each Party acknowledges that, the Parties will not conduct due diligence with respect to
 the Target and its business.

1.3 <u>Debt Financing</u>.

If the Parties determine that the Debt Financing is necessary or desirable, each of the Parties shall (i) subject to Section 1.1(c), use reasonable best efforts and cooperate in good faith to jointly coordinate with financial banks to arrange the Debt Financing on terms satisfactory to the Parties, (ii) subject to relevant confidentiality agreements and obligations (if any) and to the extent practicable, furnish, or, as the circumstances may require, cause the Target to furnish the financing banks with financial, know-your-client and other pertinent information relevant to the financial condition, business, operations and assets of such Party and the Target, as may be reasonably requested by the financing banks, and (iii) take all corporate or other actions reasonably requested by the financing banks to permit the consummation of the Debt Financing. For the avoidance of doubt, the Parties will not undertake any pledging of collateral in connection with any Debt Financing, except as may otherwise be agreed in writing by all Parties.

1.4 <u>Holdco Ownership</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Prior
 to the execution of the Merger Agreement, the Parties shall (a) incorporate Holdco and
 shall cause Holdco to incorporate Merger Sub and other intermediate holding companies as
 requested by the financing banks (if any), and (b) agree in good faith the memorandum
 and articles of association of Holdco, Merger Sub and other intermediate holding companies
 (if any) and the memorandum and articles of association of Merger Sub shall become the memorandum
 and articles of association of the Surviving Company at the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each
 Party's ownership percentage in Holdco shall be based on the amount of cash paid (if
 any), and the agreed-upon value of any other consideration contributed (including rollover
 equity), by such Party to Holdco relative to the aggregate amount of cash paid, and the aggregate
 agreed-upon value of any other consideration contributed, by all of the Parties to Holdco
 in connection with the Transaction. For the avoidance of doubt, to the extent any Party terminates
 its participation in the Transaction pursuant to Section 5.1 or Section 5.2, such
 Party shall not be entitled to any ownership interest in Holdco. Specifically, the Parties
 agree to contribute to Holdco at the Closing, in exchange for newly issued equity interests
 in Holdco, all of the Target Ordinary Shares then held by the Parties based on the same per
 share consideration as provided in the Merger Agreement, except as may otherwise be agreed
 by the Parties. If so agreed, Target Ordinary Shares not contributed by the Parties to Holdco
 at the Closing pursuant to the preceding sentence shall be paid the per share consideration
 provided for in the Merger Agreement and cancelled at the Closing. For the avoidance of doubt,
 the Parties agree that the obligation of the Parties to contribute Target Ordinary Shares
 and cash (if any) to Holdco shall be subject to the satisfaction or waiver of the various
 conditions to the obligations of Holdco and Merger Sub to be set forth in the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No
 additional investor(s) shall be admitted to the Consortium for the consummation of the
 Transaction except as may otherwise be agreed in writing by all Parties, and any such admission
 shall be effected pursuant to a written amendment to this Agreement duly executed by all
 Parties.

**2.** **Information Sharing and Roles; Advisors; Approvals** 

2.1 <u>Information Sharing and Roles</u>. Each Party shall cooperate in good faith in connection with the Proposal
 and the Transaction, including by (a) complying with any reasonably required information
 delivery or other reasonable requirements entered into by Holdco, and shall not, and shall
 direct its Representatives not to, whether by their action or omission, breach such arrangements
 or obligations, (b) subject to Section 1.1, participating in meetings and negotiations
 with the Special Committee, financing banks and their respective advisors, (c) executing
 and complying with any confidentiality agreements reasonably required by the Target, (d) sharing
 all information reasonably necessary to evaluate the Target, including technical, operational,
 legal, accounting and financial materials and relevant consulting reports and studies, (e) providing
 each other or Holdco with all information reasonably required concerning such Party or any
 other matter relating to such Party in connection with the Transaction and any other information
 a Party may reasonably require in respect of any other Party and its Affiliates for inclusion
 in the definitive documentation, (f) providing timely responses to reasonable requests
 by another Party for information, (g) applying the level of resources and expertise
 that such Party reasonably considers to be necessary and appropriate to meet its obligations
 under this Agreement, and (h) reasonably consulting with each other Party and otherwise
 cooperating in good faith on any public statements regarding the Parties' intentions
 with respect to the Target, any issuance of which shall be subject to Section 6.1. The
 Parties also acknowledge that the Transaction will be considered a "going-private"
 transaction under Rule 13e-3 under the Exchange Act (" <u>Rule 13e-3</u> ")
 and agree to provide all information necessary to satisfy the applicable disclosure requirements
 under Rule 13e-3. Unless the Parties otherwise agree, none of the Parties shall commission
 a report, opinion or appraisal (within the meaning of Item 1015 of Regulation M-A of the
 Exchange Act). Notwithstanding the foregoing, no Party is required to make available to the
 other Parties any of their internal materials or analyses or any information which it considers
 to be commercially sensitive information or which is otherwise held subject to an obligation
 of confidentiality.

2.2 <u>Appointment of Advisors</u>. The Parties acknowledge and agree that Sullivan & Cromwell (Hong
 Kong) LLP (" <u>S&C</u> ") has been engaged as counsel for U.S. legal matters
 to the Consortium, with S&C also acting as counsel for U.S. legal matters to the Parties.
 The Parties further agree to engage a Cayman Islands counsel and, if necessary, a tax advisor
 to the Consortium. The Parties may from time to time, in their sole discretion, engage additional
 such advisors (collectively, " <u>Advisors</u> ") to represent the Consortium in
 connection with the Transaction.

2.3 <u>Approvals</u>.
 Each Party shall use reasonable best efforts and provide all cooperation as may be reasonably
 requested by each other Party to obtain all applicable governmental, statutory, regulatory
 or other approvals, licenses, waivers or exemptions required or, in the reasonable opinion
 of the Parties, desirable for the consummation of the Transaction.

**3.** **Transaction Costs** 

3.1 <u>Expenses and Fee Sharing</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon
 consummation of the Transaction, the Surviving Company shall reimburse the Parties for, or
 pay on behalf of the Parties, as the case may be, all of their out-of-pocket costs and expenses
 incurred in connection with the Transaction (whether it occurs or not) (" <u>Consortium Transaction Expenses</u> "), including (i) fees, expenses and disbursements payable
 to any Advisor retained by the Parties as contemplated by Section 2.2, (ii) fees,
 expenses and disbursements payable to the other joint Advisors to the Parties and the Advisors
 to any financing banks in connection with the Debt Financing (if any), and (iii) any
 other reasonable out-of-pocket costs and expenses incurred in connection with the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If
 the Transaction is not consummated, the Parties agree to share the Consortium Transaction
 Expenses in proportion to their then respective agreed equity allocation in the Holdco as
 set forth in Section 1.4. If the Parties have not agreed on equity allocation by then,
 the allocation shall be based on the total number of Target Ordinary Shares held by each
 Party as set forth in Schedule B hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Parties agree to share any reverse termination, reverse break-up or other fees or amounts
 payable to the Target by Merger Sub pursuant to the Merger Agreement in proportion to their
 then respective agreed equity allocation in the Holdco as set forth in Section 1.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) With
 respect to any termination, break-up or other fees or amounts payable to Merger Sub by the
 Target pursuant to the Merger Agreement, the Parties agree to share the full amounts of the
 aforesaid fees, net of the Consortium Transaction Expenses, in proportion to their then respective
 agreed equity allocation in the Holdco as set forth in Section 1.4.

**4.** **Exclusivity** 

4.1 <u>Exclusivity Period</u>. During the period beginning on the date hereof and ending on the earlier of (i) 12
 calendar months after the date hereof and (ii) the termination of this Agreement pursuant
 to Section 5.3 (the " <u>Exclusivity Period</u> "), the Parties shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) work
 exclusively to implement the Transaction, including to (i) evaluate the Target and its
 business, (ii) prepare, negotiate and finalize the definitive documentation in connection
 with the Transaction, including for the Debt Financing (if any), and (iii) vote, or
 cause to be voted, at every shareholder or stakeholder meeting (whether by written consent
 or otherwise) all Securities against any Competing Proposal or matter that would facilitate
 a Competing Proposal and in favor of the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) not,
 directly or indirectly, either alone or with or through any Representatives authorized to
 act on its behalf (i) make a Competing Proposal, or solicit, encourage, facilitate or
 join with any other person in the making of, any Competing Proposal, (ii) provide any
 information to any third party with a view to the third party or any other person pursuing
 or considering to pursue a Competing Proposal, (iii) finance or offer to finance any
 Competing Proposal, including by offering any equity or debt finance, or contribution of
 Securities or provision of a voting agreement, in support of any Competing Proposal, (iv) enter
 into any written or oral agreement, arrangement or understanding (whether legally binding
 or not) regarding, or do, anything that is directly inconsistent with the provisions of this
 Agreement or the Transaction as contemplated under this Agreement, (v) directly or indirectly
 acquire or dispose of any Securities, or (A) sell, offer to sell, give, pledge, encumber,
 assign, grant any option for the sale of or otherwise transfer or dispose of, or enter into
 any agreement, arrangement or understanding to sell or otherwise transfer or dispose of,
 an interest in any Securities (" <u>Transfer</u> ") or permit the Transfer by any
 of its Affiliates of an interest in any Securities, in each case, except as expressly contemplated
 under this Agreement and the definitive documentation, (B) enter into any contract,
 option or other arrangement or understanding with respect to a Transfer or limitation on
 voting rights of any of the Securities, or any right, title or interest thereto or therein,
 or (C) deposit any Securities into a voting trust or grant any proxies or enter into
 a voting agreement, power of attorney or voting trust with respect to any Securities, (vi) take
 any action that would reasonably be expected to have the effect of preventing, disabling
 or delaying a Party from performing its obligations under this Agreement, or (vii) solicit,
 encourage, facilitate, induce or enter into any negotiation, discussion, agreement or understanding
 (whether or not in writing and whether or not legally binding) with any other person regarding
 the matters described in Sections 4.1(b)(i) to 4.1(b)(vi);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) immediately
 cease and terminate, and cause to be ceased and terminated, all existing activities, discussions,
 conversations, negotiations and other communications with all persons conducted heretofore
 with respect to a Competing Proposal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) promptly
 notify the other Parties if it or, to its knowledge, any of its Representatives receives
 any approach or communication with respect to any Competing Proposal, including in such notice
 the identity of the other persons involved and the nature and content of the approach or
 communication, and provide the other Parties with copies of any written communication.

**5.** **Termination** 

5.1 <u>Right to Withdraw</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Prior
 to the execution of the Merger Agreement, each Party may, in its sole discretion, elect to
 not proceed with the Transaction and withdraw its participation in the Transaction, by providing
 a prior written notice to the other Parties, and this Agreement shall terminate with respect
 to such Party on the second (2<sup>nd</sup>) Business Day upon the other Parties' receipt
 of such written notice, following which the provisions of Section 5.4(a) shall
 apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Prior
 to the execution of the Merger Agreement, if a Party is unable to agree on, after good faith
 endeavors, the material terms of the Transaction or the Debt Financing (if any), such Party
 may cease its participation in the Transaction by providing a written notice to the other
 Parties, and in each case this Agreement shall terminate with respect to such Party, on the
 tenth (10<sup>th</sup>) Business Day upon the other Parties' receipt of such written
 notice, following which the provisions of Section 5.4(a) shall apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) From
 and after such time as the Merger Agreement is executed and delivered, no Party will be permitted
 to withdraw from or be relieved of its obligations hereunder without the prior written consent
 of all Parties.

5.2 <u>Termination upon Breach</u>. If a Party breaches this Agreement, the breaching party's participation
 in the Consortium will be terminated, and in that case, this Agreement shall terminate with
 respect to such Party, following which the provisions of Section 5.4(a) shall apply.

5.3 <u>Other Termination Events</u>. Subject to Section 5.4(b), this Agreement shall terminate with
 respect to all Parties upon the earliest to occur of (a) a written agreement among the
 Parties to terminate this Agreement, (b) the termination of the Merger Agreement in
 accordance with its terms, and (c) the Closing.

5.4 <u>Effect of Termination</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon
 termination of this Agreement with respect to a Party pursuant to Section 5.1 or Section 5.2,
 (i) Article 3 (Transaction Costs), Article 4 (Exclusivity), Article 5
 (Termination), Section 6.2 (Confidentiality), Article 7 (Notices) and Article 9
 (Miscellaneous) shall continue to bind such Party, and (ii) such Party shall be liable
 pursuant to Article 3 (Transaction Costs) for its portion of any costs and expenses
 incurred by the Parties prior to the termination of this Agreement with respect to such Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon
 termination of this Agreement pursuant to Section 5.3, (i) Article 3 (Transaction
 Costs), Article 5 (Termination), Section 6.2 (Confidentiality), Article 7
 (Notices) and Article 9 (Miscellaneous) shall continue to bind the Parties, and (ii) each
 of the Parties shall be liable pursuant to Article 3 (Transaction Costs) for its portion
 of any costs and expenses incurred by the Parties prior to the termination of this Agreement
 with respect to such Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Other
 than as set forth in Sections 5.4(a) or 5.4(b) or separately agreed among the Parties
 prior to the termination of this Agreement, the Parties shall not otherwise be liable to
 each other in relation to this Agreement.

**6.** **Announcements and Confidentiality** 

6.1 <u>Announcements</u>.
 No announcements regarding the subject matter of this Agreement or in connection with the
 Transaction shall be issued by any Party without the prior written consent of the Chairwoman
 and CyberLink, which consent shall not be unreasonably withheld, delayed or conditioned,
 except to the extent that any such announcements are required by law, a court of competent
 jurisdiction, a regulatory body or international stock exchange, and then only after the
 form and terms of such disclosure have been notified to the Chairwoman and CyberLink, and
 the Chairwoman and CyberLink have had a reasonable opportunity to comment thereon, in each
 case to the extent reasonably practicable.

6.2 <u>Confidentiality</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except
 as permitted under Section 6.3, each Party shall not, and shall direct its Affiliates
 and Representatives not to, without the prior written consent of the other Parties, disclose
 any Confidential Information received by it (the " <u>Recipient</u> ") from any
 other Party (the " <u>Discloser</u> "). Each Party shall not and shall direct its
 Affiliates and Representatives not to, use any Confidential Information for any purpose other
 than for the purposes of this Agreement or the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject
 to Section 6.2(d), the Recipient shall safeguard and return to the Discloser, on demand,
 any Confidential Information which falls within clause (a) of the definition of Confidential
 Information, and in the case of electronic data that constitutes Confidential Information,
 to return or destroy such Confidential Information (other than any electronic data stored
 on the back-up tapes of the Recipient's hardware) at the option of the Recipient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each
 Party may retain in a secure archive a copy of the Confidential Information referred to in
 Section 6.2(b) if the Confidential Information is required to be retained by the
 Party for regulatory purposes (including applicable stock exchange requirements) or in connection
 with a bona fide document retention policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each
 Party acknowledges that, in relation to Confidential Information received from the other
 Parties, the obligations contained in this Section 6.2 shall continue to apply for a
 period of 12 months following termination of this Agreement pursuant to Sections 5.1, 5.2
 or 5.3, unless otherwise agreed in writing.

6.3 <u>Permitted Disclosures</u>. A Party may make disclosures (a) to those of its Affiliates and Representatives
 as such Party reasonably deems necessary to give effect to or enforce this Agreement, but
 only on a confidential basis; (b) if required by law or a court of competent jurisdiction,
 the United States Securities and Exchange Commission or another regulatory body or international
 stock exchange having jurisdiction over a Party or pursuant to whose rules and regulations
 such disclosure is required to be made, but only after the form and terms of such disclosure
 have been notified to the other Parties and the other Parties have had a reasonable opportunity
 to comment thereon, in each case to the extent reasonably practicable and legally permissible;
 or (c) if the information is publicly available other than through a breach of this
 Agreement by such Party or its Affiliates or Representatives.

**7.** **Notices** 

7.1 Any
 notice, request, instruction or other document to be provided hereunder by any Party to another
 Party shall be in writing and delivered personally or sent by registered or certified mail,
 postage prepaid, or by overnight courier or electronic mail, to the address provided under
 such other Party's signature page hereto, or to such other address or electronic
 mail address as such Party may hereafter specify for the purpose by notice to the other Parties
 hereto. All such notices, requests and other communications shall be deemed received on the
 date of receipt by the recipient thereof if received prior to 5:00 p.m. on a Business
 Day in the place of receipt. Otherwise, any such notice, request or communication shall be
 deemed to have been received on the next succeeding Business Day in the place of receipt.

**8.** **Representations and Warranties** 

8.1 <u>Representations and Warranties</u>. Each Party hereby represents and warrants, on behalf of such Party only,
 to the other Parties that (a) it has the requisite power and authority to execute, deliver
 and perform this Agreement; (b) the execution, delivery and performance of this Agreement
 by it have been duly authorized by all necessary action on the part of such Party and no
 additional proceedings are necessary to approve this Agreement; (c) this Agreement has
 been duly executed and delivered by it and constitutes a valid and binding agreement of such
 Party enforceable against it in accordance with the terms hereof; (d) its execution,
 delivery and performance (including the provision and exchange of information) of this Agreement
 will not (i) conflict with, require a consent, waiver or approval under, or result in
 a breach of or default under, any of the terms of any material contract or agreement to which
 such Party is a party or by which such Party is bound, or any office such Party holds, (ii) violate
 any order, writ, injunction, decree or statute, or any rule or regulation, applicable
 to such Party or any of its properties and assets, or (iii) result in the creation of,
 or impose any obligation on such Party to create, any lien, charge or other encumbrance of
 any nature whatsoever upon such Party's properties or assets; and (e) no broker,
 finder or investment banker is entitled to any brokerage, finder's or other fee or
 commission in connection with the Transaction based upon arrangements made by or on behalf
 of such Party.

8.2 <u>Target Ordinary Shares and Other Securities</u>. Each Party hereby represents and warrants, on behalf
 of such Party only, to the other Parties that, as of the date of this Agreement, (a) such
 Party and/or its Controlled Affiliates hold (i) of record such number of outstanding
 Target Ordinary Shares as set forth under the headings "Class A Ordinary Shares"
 and "Class B Ordinary Shares" next to their names on Schedule B hereto,
 and (ii) of record such number of other outstanding Target Securities (other than Target
 Ordinary Shares) as set forth under the heading "Other Securities" next to their
 names on Schedule C hereto, in each case free and clear of any encumbrances or restrictions
 (except for such encumbrances or restrictions pursuant to this Agreement or arising under
 the memorandum or articles of association of the Target, the share incentive plans of the
 Target or applicable securities laws); (b) such Party has the sole right to control
 the voting and disposition of the Target Ordinary Shares (if any) and any other Target Securities
 (if any) held by such Party or its Controlled Affiliates; and (c) except as set forth
 in the foregoing ‎Section 8.2(a), such Party does not own, directly or indirectly,
 any Target Ordinary Shares or other Securities of Target. For purposes of this Section 8.2(c),
 "own" means that each Party (x) is the record holder of such security or
 (y) is the "beneficial owner" (within the meaning of Rule 13d-3 under
 the Exchange Act) of such security.

8.3 <u>Reliance</u>.
 Each Party acknowledges that the other Parties have entered into this Agreement on the basis
 of and reliance upon (among other things) the representations and warranties in Sections
 8.1 and 8.2 and have been induced by them to enter into this Agreement.

**9.** **Miscellaneous** 

9.1 <u>Entire Agreement</u>. This Agreement constitutes the entire agreement between the Parties and supersedes
 any previous oral or written agreements or arrangements among them or between any of them
 relating to its subject matter.

9.2 <u>Further Assurances</u>. Each Party shall use all reasonable best efforts to take, or cause to be
 taken, all actions, and to do, or cause to be done, and to assist and cooperate with the
 other Parties in doing, all things necessary, proper or advisable to carry out the intent
 and purposes of this Agreement.

9.3 <u>Severability</u>.
 If any provision of this Agreement is held to be invalid or unenforceable for any reason,
 it shall be adjusted rather than voided, if possible, in order to achieve the intent of the
 Parties to the maximum extent possible. In any event, the invalidity or unenforceability
 of any provision of this Agreement in any jurisdiction shall not affect the validity or enforceability
 of the remainder of this Agreement in that jurisdiction or the validity or enforceability
 of this Agreement, including that provision, in any other jurisdiction.

9.4 <u>Amendments and Waivers</u>. Neither this Agreement nor any term hereof may be amended or otherwise modified
 other than by an instrument in writing signed by each of the Parties. No provision of this
 Agreement may be waived, discharged or terminated other than by an instrument in writing
 signed by the Party against whom the enforcement of such waiver, discharge or termination
 is sought. No failure or delay by any Party in exercising any right, power or privilege under
 this Agreement shall operate as a waiver thereof nor shall any single or partial exercise
 thereof preclude any other or further exercise thereof or the exercise of any other right,
 power or privilege.

9.5 <u>Assignment; No Third Party Beneficiaries</u>. The rights and obligations of each Party shall not be assigned
 without the prior consent of the other Parties, provided, that the Parties may assign their
 respective rights and obligations under this Agreement, in whole or in part to any of their
 respective Affiliates. This Agreement shall be binding upon the respective heirs, successors,
 legal representatives and permitted assigns of the Parties. Nothing in this Agreement shall
 be construed as giving any person, other than the Parties and their heirs, successors, legal
 representatives and permitted assigns any right, remedy or claim under or in respect of this
 Agreement or any provision hereof.

9.6 <u>No Partnership or Agency</u>. The Parties are independent and nothing in this Agreement constitutes
 a Party as the trustee, fiduciary, agent, employee, partner or joint venturer of any other
 Party.

9.7 <u>Counterparts</u>.
 This Agreement may be executed in counterparts and all counterparts taken together shall
 constitute one document.

9.8 <u>Governing Law</u>. This Agreement shall be governed by, and construed in accordance with, the laws
 of the State of New York, without giving effect to any choice of law or conflict of law rules or
 provisions that would cause the application of the laws of any jurisdiction other than the
 State of New York.

9.9 <u>Dispute Resolution</u>. Any disputes, actions and proceedings against, any Party or arising out of
 or in any way relating to this Agreement shall be submitted to the Hong Kong International
 Arbitration Centre (" <u>HKIAC</u> ")and resolved in accordance with the Arbitration
 Rules of HKIAC in force at the relevant time and as may be amended by this Section 9.9.
 The place of arbitration shall be Hong Kong. The official language of the arbitration shall
 be English and the arbitration tribunal (the " <u>Tribunal</u> ") shall consist
 of three arbitrators (each, an " <u>Arbitrator</u> "). The claimant(s), irrespective
 of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number,
 shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by
 the first two Arbitrators and shall serve as chairman of the Tribunal. In the event the claimant(s) or
 respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint
 nomination of an Arbitrator or the third Arbitrator within the time limits specified by the
 Rules, such Arbitrator shall be appointed promptly by the HKIAC. The Tribunal shall have
 no authority to award punitive or other punitive-type damages. The award of the Tribunal
 shall be final and binding upon the disputing parties. Any party to an award may apply to
 any court of competent jurisdiction for enforcement of such award and, for purposes of the
 enforcement of such award, the Parties irrevocably and unconditionally submit to the jurisdiction
 of any court of competent jurisdiction and waive any defenses to such enforcement based on
 lack of personal jurisdiction or inconvenient forum.

9.10 <u>Specific Performance</u>. Each Party acknowledges and agrees that the other Parties would be irreparably
 injured by a breach of this Agreement by it and that money damages alone are an inadequate
 remedy for actual or threatened breach of this Agreement. Accordingly, each Party shall be
 entitled to bring an action for specific performance and/or injunctive or other equitable
 relief (without posting a bond or other security) to enforce or prevent any violations of
 any provision of this Agreement, in addition to all other rights and remedies available at
 law or in equity to such Party, including the right to claim money damages for breach of
 any provision of this Agreement.

9.11 <u>Limitation on Liability</u>. The obligation of each Party under this Agreement is several (and not joint
 or joint and several).

**10.** **Definitions and Interpretation** 

10.1 <u>Definitions</u>.
 In this Agreement, unless the context requires otherwise:

"<u>Advisors</u>" means the advisors and/or consultants of Holdco, Merger Sub, and the Parties, in each case appointed in connection with the Transaction.

"<u>Affiliate</u>" means, with respect to any person, any other person that, directly or indirectly, Controls, is Controlled by or is under common Control with such specified person and "Affiliates" shall be construed accordingly.

"<u>Business Day</u>" means any day (other than a Saturday or a Sunday) on which banks generally are open in Taiwan, Hong Kong and New York City, New York, for the transaction of normal banking business.

"<u>Competing Proposal</u>" means a written or oral proposal, offer or invitation (whether legally binding or not) to the Target, any of the Parties or any of their respective Affiliates (other than the Proposal), that involves the direct or indirect acquisition of 10% or more of the Target Ordinary Shares, a sale of all or any significant amount of the assets of the Target, a restructuring or recapitalization of the Target, or some other transaction that could adversely affect, prevent or materially reduce the likelihood of the consummation of the Transaction with the Parties.

"<u>Confidential Information</u>" includes (a) all written, oral or other information obtained in confidence by one Party from any other Party in connection with this Agreement or the Transaction, unless such information (x) is already known to such Party or to others not known by such Party to be bound by a duty of confidentiality, or (y) is or becomes publicly available other than through a breach of this Agreement by such Party, and (b) the existence or terms of, and any negotiations or discussions relating to, this Agreement, the Proposal and any definitive documentation, including the Merger Agreement.

"<u>Consortium</u>" means the consortium formed by the Parties.

"<u>Control</u>" means the possession, directly or indirectly, of the power to direct the management and policies of a person, whether through the ownership of voting securities, by contract or otherwise.

"<u>Representative</u>" of a Party means such Party's employees, directors, officers, partners, members, nominees, agents, advisors (including, but not limited to legal counsel, accountants, consultants and financial advisors), potential sources of equity or debt financing, and any representatives of the foregoing. The Representatives shall include the Advisors.

"<u>Securities</u>" means shares, warrants, options and any other securities which are convertible into or exercisable for shares in the Target.

"<u>Target Ordinary Shares</u>" means the issued and outstanding Class A ordinary shares, par value US$0.10 per share, and Class B ordinary share, par value US$0.10 per share, of the Target.

10.2 <u>Interpretation</u>.
 When a reference is made in this Agreement to Sections, such reference shall be to a Section of
 this Agreement unless otherwise indicated. Whenever the words "include," "includes"
 or "including" are used in this Agreement they shall be deemed to be followed
 by the words "without limitation." The word "extent" and the phrase
 "to the extent" when used in this Agreement shall mean the degree to which a
 subject or other thing extends, and such word or phrase shall not merely mean "if."
 The term "or" is not exclusive. The phrases "the date of this Agreement,"
 "the date hereof," "of even date herewith" and terms of similar import,
 shall be deemed to refer to the date set forth in the preamble to this Agreement. The headings
 set forth in this Agreement are for convenience of reference purposes only and shall not
 affect or be deemed to affect in any way the meaning or interpretation of this Agreement
 or any term or provision hereof. The parties agree that they have been represented by counsel
 during the negotiation and execution of this Agreement and, therefore, waive the application
 of any law, regulation, holding or rule of construction providing that ambiguities in
 an agreement or other document will be construed against the party drafting such agreement
 or document. No prior draft of this Agreement nor any course of performance or course of
 dealing shall be used in the interpretation or construction of this Agreement. No parol evidence
 shall be introduced in the construction or interpretation of this Agreement unless the ambiguity
 or uncertainty in issue is plainly discernable from a reading of this Agreement without consideration
 of any extrinsic evidence.

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed and delivered as of the date first written above.

---

| | |
|:---|:---|
| **CHAIRWOMAN PARTIES:** | **CHAIRWOMAN PARTIES:** |
| **Alice H. Chang** | **Alice H. Chang** |
| /s/ Alice H. Chang | /s/ Alice H. Chang |
| **GOLDEN EDGE CO., LTD.** | **GOLDEN EDGE CO., LTD.** |
| By: | /s/ Iris Chen |
| Name: | Iris Chen |
| Title: | Director |
| **DVDonet.com. Inc.** | **DVDonet.com. Inc.** |
| By: | /s/ Liang-Chu Sun |
| Name: | Liang-Chu Sun |
| Title: | Director |
| **World Speed Company Limited** | **World Speed Company Limited** |
| By: | /s/ Liang-Chu Sun |
| Name: | Liang-Chu Sun |
| Title: | Director |
| <br> *Address for Chairwoman Parties:* | <br> *Address for Chairwoman Parties:* |
| Attention: Alice H. Chang | Attention: Alice H. Chang |
| Email: <u>alice@perfectcorp.com</u> | Email: <u>alice@perfectcorp.com</u> |

---

[*Signature Page to Consortium Agreement*]

---

| | |
|:---|:---|
| **CyberLink International Technology Corp.** | **CyberLink International Technology Corp.** |
| By: | /s/ Jau H. Huang |
| Name: | Jau H. Huang |
| Title: | Director |
| *Address for CyberLink:* | *Address for CyberLink:* |
| Attention: Jau H. Huang<br> Email: jau@cyberlink.com | Attention: Jau H. Huang<br> Email: jau@cyberlink.com |

---

[*Signature Page to Consortium Agreement*]

## Ex-3

Exhibit 3

March 18, 2026

The Board of Directors<br> Perfect Corp.<br> 14F, No. 98 Minquan Road Xindian District<br> New Taipei City 231 Taiwan

Dear Sirs and Madam:

Ms. Alice H. Chang ("***Ms. Chang***"), and her controlled entities GOLDEN EDGE CO., LTD., DVDonet.com. Inc. and World Speed Company Limited (collectively, the "***Chairwoman Parties***"), and CyberLink International Technology Corp. ("***CyberLink***", together with Chairwoman Parties, the "***Consortium Members***") are pleased to submit this preliminary non-binding proposal to acquire Perfect Corp. (the "***Company***") in a going private transaction (the "***Acquisition***").

We believe that our proposal provides a very attractive opportunity to the Company's shareholders. Our proposal represents a premium of 44.4% to the Company's closing price on March 17, 2026 and a premium of 35.4% and 23.4% to the volume-weighted average closing price during the last 30 and 60 trading days, respectively.

1. <u>Consortium</u>. The Consortium Members have entered into a consortium agreement dated March 18,
2026, pursuant to which the Consortium Members will form an acquisition company for the purpose of implementing the Acquisition, and the
Consortium Members have agreed to work exclusively in pursuing the Acquisition.

2. <u>Purchase Price</u>. The consideration payable for each Class A ordinary share of the Company will
be US$1.95 per ordinary share in cash (in each case other than those ordinary shares held by the Consortium Members that may be rolled
over in connection with the Acquisition).

3. <u>Closing Certainty</u>. We believe that our proposal offers a high degree of closing certainty and are
well positioned to negotiate and complete the proposed Acquisition on an expedited basis.

4. <u>Financing</u>. We intend to finance the Acquisition with equity capital from the Consortium Members
in the form of rollover equity in the Company and available unrestricted cash from the Company. Debt financing may also be arranged to
the extent necessary or desirable at the sole discretion of the Consortium Members.

5. <u>Definitive Agreements</u>. We are prepared to promptly negotiate and finalize definitive agreements
(the "  ***Definitive Agreements***") providing for the Acquisition and related transactions. These documents will provide
for representations, warranties, covenants and conditions that are typical, customary and appropriate for transactions of this type.

6. <u>Process</u>. We believe that the Acquisition will provide superior value to the Company's shareholders.
We recognize that the Company's Board of Directors (the "  ***Board***") will evaluate the Acquisition independently
before it can make its determination to endorse it, and we expect that the Board will establish a special committee comprised of independent
and disinterested directors of the Company (the "  ***Special Committee*** ").

Given the involvement of the Chairwoman Parties and CyberLink in the Acquisition, we appreciate that the independent members of the Board will proceed to consider the proposed Acquisition, and that each of Ms. Chang and Mr. Jau-Hsiung Huang will recuse herself / himself, as director of the Board, from participating in any Board deliberations and decisions related to the Acquisition. We expect that the Special Committee and its advisors will be exclusively authorized to consider and negotiate with us the proposed Acquisition, including the Definitive Agreements, and that no other members of management or any directors other than the members of the Special Committee will participate in any deliberations and decisions related to the Acquisition unless their involvement is approved by the Special Committee.

Consortium Members in the aggregate beneficially own approximately 53.4% of the total issued and outstanding share capital of the Company (excluding any ordinary shares issuable upon the Consortium Members' exercise of options or warrants within 60 days), representing 81.2% of the total voting power of the Company, as calculated based on a total number of 101,848,671 issued and outstanding ordinary shares (consisting of 85,059,953 Class A ordinary shares and 16,788,718 Class B ordinary shares) of the Company as of December 31, 2025.

7. <u>Confidentiality</u>. Each of the Consortium Members will, as required by law, promptly file an amendment
to its respective Schedule 13D to disclose this letter and the agreement among the Consortium Members. However, we are sure you will agree
with us that it is in all of our interests to ensure that we proceed in a strictly confidential manner, unless otherwise required by law,
until we have executed Definitive Agreements or terminated our discussions.

8. <u>No Binding Commitment</u>. This letter constitutes only a preliminary indication of our interest, and
does not constitute any binding commitment with respect to the Acquisition. A binding commitment will result only from the execution of
Definitive Agreements, and then will be on terms and conditions provided in such documentation.

In closing, we would like to express our commitment to working together to bring this Acquisition to a successful and timely conclusion. Should you have any questions regarding this proposal, please do not hesitate to contact us. We look forward to hearing from you.

\* \* \* \*

---

| | |
|:---|:---|
| **ALICE H. CHANG** | **ALICE H. CHANG** |
| /s/ Alice H. Chang | /s/ Alice H. Chang |
| **GOLDEN EDGE CO., LTD.** | **GOLDEN EDGE CO., LTD.** |
| By: | /s/ Iris Chen |
| Name: | Iris Chen |
| Title: | Director |
| **DVDonet.com. Inc.** | **DVDonet.com. Inc.** |
| By: | /s/ Liang-Chu Sun |
| Name: | Liang-Chu Sun |
| Title: | Director |
| **World Speed Company Limited** | **World Speed Company Limited** |
| By: | /s/ Liang-Chu Sun |
| Name: | Liang-Chu Sun |
| Title: | Director |

---

[*Signature Page to Preliminary Non-Binding Proposal*]

---

| | |
|:---|:---|
| **CyberLink International Technology Corp.** | **CyberLink International Technology Corp.** |
| By: | /s/ Jau H. Huang |
| Name: | Jau H. Huang |
| Title: | Director |

---

[*Signature Page to Preliminary Non-Binding Proposal*]

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Perfect Corp.**

*(Name of Issuer)*

**Class A Ordinary Shares, par value of $0.10 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Jau H. Huang**<br>CyberLink International Technology Corp.<br>15F., No.100, Minquan RD., Xindian Dist.<br>New Taipei City, Taiwan F5 231<br>886-2-8667-1298

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/20/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CyberLink Corp.** | Name of reporting person<br>**CyberLink Corp.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**SC** | Source of funds (See Instructions)<br>**SC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**F5** | Citizenship or place of organization<br>**F5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**36960961.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**36960961.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**36960961.00** | Aggregate amount beneficially owned by each reporting person<br>**36960961.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**36.3%** | Percent of class represented by amount in Row (11)<br>**36.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** (1) Represents 36,960,961 Class A ordinary shares directly held by CyberLink International Technology Corp. ("CyberLink International"), a wholly-owned subsidiary of CyberLink Corp. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. See Item 5.

(2) The percentage of class of securities beneficially owned by the Reporting Person is calculated based on a total number of 101,848,671 issued and outstanding ordinary shares (consisting of 85,059,953 Class A ordinary shares and 16,788,718 Class B ordinary shares) of the Issuer as of December 31, 2025, as reported by the Issuer in its annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission ("SEC") on March 13, 2026.

(3) The 36,960,961 Class A ordinary shares beneficially owned by CyberLink Corp. represents 14.6% of the total outstanding voting power of the Issuer. The percentage of total voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2025. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to ten votes per share on all matters submitted for a vote.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CyberLink International Technology Corp.** | Name of reporting person<br>**CyberLink International Technology Corp.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**SC** | Source of funds (See Instructions)<br>**SC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**36960961.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**36960961.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**36960961.00** | Aggregate amount beneficially owned by each reporting person<br>**36960961.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**36.3%** | Percent of class represented by amount in Row (11)<br>**36.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** (1) Represents 36,960,961 Class A ordinary shares directly held by CyberLink International. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. See Item 5.

(2) The percentage of class of securities beneficially owned by the Reporting Person is calculated based on a total number of 101,848,671 issued and outstanding ordinary shares (consisting of 85,059,953 Class A ordinary shares and 16,788,718 Class B ordinary shares) of the Issuer as of December 31, 2025, as reported by the Issuer in its annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on March 13, 2026.

(3) The 36,960,961 Class A ordinary shares owned by CyberLink International represents 14.6% of the total outstanding voting power of the Issuer. The percentage of total voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2025. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to ten votes per share on all matters submitted for a vote.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Shares, par value of $0.10 per share

**(b) Name of Issuer:**
Perfect Corp.

**(c) Address of Issuer's Principal Executive Offices:**
14F., NO. 98, MINQUAN RD., XINDIAN DISTRICT, NEW TAIPEI CITY, F5, 231

This Amendment No. 1 (this "Amendment No. 1") amends and  supplements the disclosures in Item 3 ("Source and Amount of Funds or  Other Consideration"), Item 4 ("Purpose of Transaction"), Item 5  ("Interest in Securities of the Issuer"), Item 6 ("Contracts, Arrangements,  Understandings or Relationships With Respect to Securities of the  Issuer") and Item 7 ("Material to be Filed as Exhibits") of the Schedule  13D filed with the U.S. Securities and Exchange Commission (the  "SEC") on February 13, 2023 (the "Schedule 13D"). Unless as otherwise  amended or supplements herein, the disclosures set forth in the  Schedule 13D remain unchanged. Capitalized terms used herein but not  defined shall have the meanings set forth in the Schedule 13D.

**Item 4. Purpose of Transaction**

On March 18, 2026, Ms. Alice H. Chang ("Ms. Chang"), and her controlled affiliates GOLDEN EDGE CO., LTD., DVDonet.com. Inc. and World Speed Company Limited (collectively, the "Chairwoman Parties"), CyberLink International Technology Corp. ("CyberLink International", together with the Chairwoman Parties, the " Consortium Members") entered into a consortium agreement (the "Consortium Agreement"), pursuant to which the Consortium Members agreed to cooperate in good faith to undertake an acquisition transaction with respect to the Issuer (the "Transaction"). The Consortium Agreement provides, among other things, that: (i) the Consortium Members shall work jointly to engage joint advisors to the consortium, negotiate and determine the terms of the Transaction, determine the financing structure of the Transaction, negotiate and determine the terms of the debt financing to the extent it is required for the Transaction, and admit new consortium members; and (ii)  the Consortium Members shall use reasonable best efforts and jointly cooperate in good faith in securing the debt financing to the extent it is required for the Transaction, obtaining applicable approvals, licenses, waivers or exemptions for the consummation of the Transactions, and preparing and negotiating definitive documentation and other related documentation with respect to the Transaction. During the period beginning on the date of the Consortium Agreement and ending on the earlier of (x) the date that is 12 months after the date of the Consortium Agreement and (y) the termination of the Consortium Agreement upon the occurrence of certain termination events as set forth therein, the Consortium Members have agreed to work exclusively with respect to the Transaction and not to, among other things, (i) make or facilitate a competing proposal for the acquisition of control of the Issuer or (ii) acquire or dispose of any securities of the Issuer.

In connection with the execution of the Consortium Agreement, on March 18, 2026, the Consortium Members submitted a preliminary non-binding proposal (the "Proposal") to the Issuer's board of directors in connection with the Transaction. Under the Proposal, the Consortium Members proposed to acquire, through an acquisition company to be formed by them, all of the outstanding ordinary shares of the Issuer not owned by the Consortium Members for US$1.95 per ordinary share in cash, representing a premium of 44.4% to the closing price of the Issuer's Class A ordinary shares on March 17, 2026 and a premium of 35.4% and 23.4% to the volume-weighted average closing price during the last 30 and 60 trading days, respectively. The Consortium Members intend to finance the Transaction by equity capital from the Consortium Members in the form of rollover equity in the Issuer and available unrestricted cash from the Issuer. The Proposal also provides that, among other things, the Consortium Members will negotiate and execute definitive agreements with respect to the Transaction that will include provisions typical, customary and appropriate for transactions of this type.

If the Transaction is completed, the Issuer's Class A ordinary shares would be delisted from the New York Stock Exchange, and the Issuer's obligation to file periodic reports under the Act would terminate. In addition, consummation of the Transaction may result in one or more of the actions specified in clauses (a)-(j) of Item 4 of Schedule 13D, including the acquisition or disposition of securities of the Issuer, a merger or other extraordinary transaction involving the Issuer, a change to the board of directors of the Issuer (as the surviving company in the merger), and a change in the Issuer's memorandum and articles of association to reflect that the Issuer would become a privately held company.

Other than as described in this Item 4, none of the Reporting Persons currently has any plans or proposals that relate to, or would result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D.

No assurance can be given that any proposal, any definitive agreement or any transaction relating to the Transaction will be entered into or consummated. The Proposal provides that a binding commitment with respect to the Transaction will result only from the execution of definitive agreements and then will be on terms and conditions provided in such documentation.

The information disclosed in this Item 4 does not purport to be complete and is qualified in its entirety by reference to the Consortium Agreement and the Proposal, each of which is attached as an exhibit hereto and is incorporated herein by reference.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information of the Reporting Persons with respect to Rows 7 through 13 (including the footnotes to such information) of the cover pages to this Amendment No. 1 is incorporated herein by reference in its entirety.

As a result of the execution of the Consortium Agreement and submission of the Proposal, CyberLink International and the Chairwoman Parties may be deemed to be members of a "group" within the meaning of Section 13(d)(3) of the Act and Rule 13d-5 promulgated under the Act. As such, the group may be deemed to beneficially own, in the aggregate, 54,346,935 ordinary shares (consisting of 37,558,217 Class A ordinary shares and 16,788,718 Class B ordinary shares, excluding any ordinary shares issuable upon the Consortium Members' exercise of options or warrants within 60 days), which represent 53.4% of the total outstanding ordinary shares or 81.2% of the total voting power as of the date hereof, calculated based on a total number of 101,848,671 issued and outstanding ordinary shares (consisting of 85,059,953 Class A ordinary shares and 16,788,718 Class B ordinary shares) of the Issuer as of December 31, 2025. However, the Reporting Persons expressly disclaim the beneficial ownership of the ordinary shares that are beneficially owned by Chairwoman Parties and other reporting persons (if any). Neither the filing of this Amendment No.1, the Schedule 13D nor any of its contents, however, shall be deemed to constitute an admission by the Reporting Persons that any of them is the beneficial owner of any of the ordinary shares beneficially owned in the aggregate by other members of the "group" for purposes of Section 13(d) of the Act or for any other purpose. The Reporting Persons are only responsible for the information contained in the Schedule 13D and this Amendment No.1, and assume no responsibility for information contained in any other Schedule 13D and/or amendments filed by any other reporting person.

**(b)**
See (a) above.

**(c)**
Except as set forth in Items 3 and 4, to the knowledge of each of the Reporting Persons with respect to the persons named in response to Item 5(a), none of the persons named in response to Item 5(a) has effected any transactions in the Class A ordinary shares of the Issuer during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Pursuant to Rule 13d-1(k) promulgated under the Act, the Reporting Persons have entered into an agreement on February 10, 2023, with respect to the joint filing of the Schedule 13D and any amendment or amendments hereto. Such joint filing agreement is attached as an exhibit hereto and is incorporated herein by reference.

The Consortium Agreement and the Proposal, each of which is attached as an exhibit hereto and is incorporated herein by reference, are incorporated herein by reference in their entirety. In addition, the information set forth in Items 3, 4 and 5 of this statement is incorporated by reference in its entirety into this Item 6.

To the knowledge of the Reporting Persons, except as provided herein, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between any of the Reporting Persons and any other person with respect to any securities of the Issuer, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, or a pledge or contingency, the occurrence of which would give another person voting power over the securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CyberLink Corp.

**Signature:** /s/ Jau H. Huang

**Name/Title:** Jau H. Huang/Chairman

**Date:** 03/20/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CyberLink International Technology Corp.

**Signature:** /s/ Jau H. Huang

**Name/Title:** Jau H. Huang/Director

**Date:** 03/20/2026