SITRONIX TECHNOLOGY CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND DECEMBER 31, 2015

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1 English Translation of Financial Statements Originally Issued in Chinese SITRONIX TECHNOLOGY CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND DECEMBER 31, 2015 The financial statements have been originally issued in Chinese. If there is any inconsistency or ambiguity between the English version and the Chinese version, the Chinese version shall prevail.

2 2017/3/24 Financial Statement Balance Sheet Financial Statement Balance Sheet Balance Sheet Accounting Title 2016/12/ /12/31 Assets Current assets Cash and cash equivalents Total cash and cash equivalents 2,104,983 1,758,239 Current financial assets at fair value through profit or loss Total current financial assets at fair value through profit or loss 228,521 73,908 Current available for sale financial assets Current available for sale financial assets, net 425, ,427 Current held to maturity financial assets Current held to maturity financial assets, net 100,000 0 Current bond investment without active market Total Current investments in debt instrument without active market 203, ,875 Accounts receivable, net Accounts receivable, net 925, ,677 Other receivables Other receivables, net 10,170 20,191 Inventories Total inventories 1,619,849 1,268,817 Prepayments Total prepayments 81, ,175 Other current assets Total other current assets 4,931 6,910 Total current assets 5,704,160 5,220,219 Non current assets Non current financial assets at fair value through profit or loss Total non current financial assets at fair value through profit or loss 49,810 4,755 Non current available for sale financial assets Non current available for sale financial assets, net 402, ,761 Held to maturity non current financial assets Non current held to maturity financial assets, net 33, ,000 Non current financial assets at cost Non current financial assets at cost, net 29,958 58,358 Property, plant and equipment Total property, plant and equipment 863, ,503 Investment property, net Investment property, net 227, ,432 Intangible assets Total intangible assets 44,780 54,499 Other non current assets Other non current assets, others Total other non current assets, others 6,024 4,720 Total other non current assets 6,024 4,720 Total non current assets 1,658,308 1,606,028 Total assets 7,362,468 6,826,247 Liabilities and equity Liabilities Current liabilities Short term borrowings Total short term borrowings 19, ,090 Accounts payable Total accounts payable 1,366,303 1,195,636 Other payables Employee bonus payable 151,107 97,266 Compensation due to directors and supervisors 30,437 23,454 Other payables, others 459, ,364 Total other payables 640, ,084 Current tax liabilities 159, ,242 Current provisions Total current provisions 5,089 5,089 Other current liabilities Total other current liabilities 28,839 36,169 Total current liabilities 2,219,675 2,342,310 Non current liabilities Deferred tax liabilities Total deferred tax liabilities Other non current liabilities Net defined benefit liability, non current 58,251 56,507 Guarantee deposits received 67,557 57,708 java/t164sb03_e?typek=all&step=show&co_id=8016&year=2016&season=4&report_id=c 1/2

3 2017/3/24 Financial Statement Balance Sheet Total other non current liabilities 125, ,215 Total non current liabilities 126, ,390 Total liabilities 2,345,940 2,456,700 Equity Equity attributable to owners of parent Share capital Ordinary share 1,206,376 1,191,376 Total capital stock 1,206,376 1,191,376 Capital surplus Total capital surplus 811, ,291 Retained earnings Legal reserve 683, ,450 Special reserve 21,364 0 Unappropriated retained earnings (accumulated deficit) Total unappropriated retained earnings (accumulated deficit) 2,093,666 1,755,851 Total retained earnings 2,799,023 2,356,301 Other equity interest Exchange differences on translation of foreign financial statements Total exchange differences on translation of foreign financial statements Unrealized gains (losses) on available for sale financial assets Total unrealized gains (losses) on available for sale financial assets 7,826 21,364 Other equity, others Total other equity, others 120,394 3,721 Total other equity interest 129,122 24,321 Total equity attributable to owners of parent 4,687,378 4,170,647 Non controlling interests 329, ,900 Total equity 5,016,528 4,369,547 Total liabilities and equity 7,362,468 6,826,247 Equivalent issue shares of advance receipts for ordinary share 0 0 Number of shares in entity held by entity and by its subsidiaries java/t164sb03_e?typek=all&step=show&co_id=8016&year=2016&season=4&report_id=c 2/2

4 2017/3/24 Financial Statement Income Statement Financial Statement Income Statement Statement of comprehensive income Accounting Title 2016/4th 2015/4th Operating revenue Total operating revenue 10,189,747 9,266,108 Operating costs Total operating costs 7,307,865 6,785,084 Gross profit (loss) from operations 2,881,882 2,481,024 Gross profit (loss) from operations 2,881,882 2,481,024 Operating expenses Selling expenses Total selling expenses 147, ,168 Administrative expenses Total administrative expenses 349, ,516 Research and development expenses Total research and development expenses 1,138,788 1,041,878 Total operating expenses 1,636,158 1,517,562 Net operating income (loss) 1,245, ,462 Non operating income and expenses Other income Total other income 55,404 73,669 Other gains and losses Other gains and losses, net 41,160 1,112 Finance costs Finance costs, net 1,483 8,567 Total non operating income and expenses 12,761 63,990 Profit (loss) from continuing operations before tax 1,258,485 1,027,452 Tax expense (income) Total tax expense (income) 159, ,623 Profit (loss) from continuing operations 1,099, ,829 Profit (loss) 1,099, ,829 Other comprehensive income Components of other comprehensive income that will not be reclassified to profit or loss Gains (losses) on remeasurements of defined benefit plans 3,154 6,903 Components of other comprehensive income that will not be reclassified to profit or loss 3,154 6,903 Components of other comprehensive income that will be reclassified to profit or loss Exchange differences on translation 1, Unrealised gains (losses) on valuation of available for sale financial assets 13,538 94,456 Components of other comprehensive income that will be reclassified to profit or loss 11,872 94,885 Other comprehensive income, net 8, ,788 Total comprehensive income 1,107, ,041 Profit (loss), attributable to: Profit (loss), attributable to owners of parent 1,041, ,434 Profit (loss), attributable to non controlling interests 57,190 10,395 Comprehensive income attributable to: Comprehensive income, attributable to owners of parent 1,050, ,646 Comprehensive income, attributable to non controlling interests 57,190 10,395 Basic earnings per share Total basic earnings per share Diluted earnings per share Total diluted earnings per share java/t164sb04_e?typek=all&step=show&co_id=8016&year=2016&season=4&report_id=c 1/1

5 2017/3/24 Financial Statement Statements of Cash Flows Financial Statement Statements of Cash Flows Statement of cash flows Accounting Title 2016/4th 2015/4th Cash flows from (used in) operating activities, indirect method Profit (loss) from continuing operations before tax 1,258,485 1,027,452 Profit (loss) before tax 1,258,485 1,027,452 Adjustments Adjustments to reconcile profit (loss) Depreciation expense 150, ,344 Amortization expense 16,820 14,725 Provision (reversal of provision) for bad debt expense ,217 Net loss (gain) on financial assets or liabilities at fair value through profit or loss Interest expense 1,483 8,567 Interest income 36,009 36,339 Dividend income 7,140 11,601 Share based payments 38,577 9,586 Loss (gain) on disposal of property, plan and equipment 4 4 Loss (gain) on disposal of investments 7,714 6,219 Impairment loss on financial assets 26,016 22,276 Impairment loss on non financial assets 69,625 79,833 Unrealized foreign exchange loss (gain) 25,038 29,805 Total adjustments to reconcile profit (loss) 292, ,135 Changes in operating assets and liabilities Changes in operating assets Decrease (increase) in financial assets held for trading 199, ,317 Decrease (increase) in accounts receivable 104, ,019 Decrease (increase) in other receivable 5,271 8,640 Decrease (increase) in inventories 420, ,182 Decrease (increase) in prepayments 211, ,086 Decrease (increase) in other current assets 1,979 4,492 Total changes in operating assets 505,011 90,064 Changes in operating liabilities Increase (decrease) in accounts payable 140, ,603 Increase (decrease) in other payable 24,887 64,675 Increase (decrease) in other current liabilities 7,330 7,037 Increase (decrease) in net defined benefit liability 1,410 1,362 Increase (decrease) in other operating liabilities 60,824 20,146 Total changes in operating liabilities 168, ,025 Total changes in operating assets and liabilities 336, ,961 Total adjustments 44, ,096 Cash inflow (outflow) generated from operations 1,214,016 1,466,548 Interest received 40,759 32,461 Interest paid 1,932 9,351 Income taxes refund (paid) 155, ,818 Net cash flows from (used in) operating activities 1,097,717 1,365,840 Cash flows from (used in) investing activities Acquisition of available for sale financial assets 140,200 0 Proceeds from disposal of available for sale financial assets 47,632 23,306 Acquisition of investments in debt instrument without active market 0 309,334 Proceeds from disposal of investments in debt instrument without active market 466, ,643 Acquisition of held to maturity financial assets 33,145 0 Acquisition of financial assets at cost 0 43,270 Proceeds from capital reduction of financial assets at cost 2,384 7,773 Acquisition of property, plant and equipment 259, ,571 Proceeds from disposal of property, plant and equipment Increase in refundable deposits 1,689 1,253 Acquisition of intangible assets 7,142 24,374 Increase in prepayments for business facilities 0 24 Decrease in prepayments for business facilities Dividends received 7,140 11,601 Net cash flows from (used in) investing activities 82, ,503 Cash flows from (used in) financing activities Increase in short term loans 227, ,187 Decrease in short term loans 554, ,905 Increase in guarantee deposits received 9,849 29,902 Cash dividends paid 595, ,119 Change in non controlling interests 96,347 62,281 Net cash flows from (used in) financing activities 816, ,654 Effect of exchange rate changes on cash and cash equivalents 16,595 26,120 Net increase (decrease) in cash and cash equivalents 346, ,803 java/t164sb05_e?typek=all&step=show&co_id=8016&year=2016&season=4&report_id=c 1/2

6 2017/3/24 Financial Statement Statements of Cash Flows Cash and cash equivalents at beginning of period 1,758,239 1,198,436 Cash and cash equivalents at end of period 2,104,983 1,758,239 Cash and cash equivalents reported in the statement of financial position 2,104,983 1,758,239 java/t164sb05_e?typek=all&step=show&co_id=8016&year=2016&season=4&report_id=c 2/2

7 2017/3/24 Financial Statement Statements of Changes in Stockholders' Equity Financial Statement Statements of Changes in Stockholders' Equity Ordinary share Total share capital Capital surplus Legal reserve Special reserve Unappropriated retained earnings (accum Equity at beginning of period 1,191,376 1,191, , ,450 Legal reserve appropriated 83,543 Special reserve appropriated 21,364 Cash dividends of ordinary share Profit (loss) Other comprehensive income Total comprehensive income Changes in ownership interests in subsidiaries 23,560 Changes in non controlling interests Share based payments 15,000 15, ,250 Total increase (decrease) in equity 15,000 15, ,810 83,543 21,364 Equity at end of period 1,206,376 1,206, , ,993 21,364 Ordinary share Total share capital Capital surplus Legal reserve Unappropriated retained earnings (accumulated Equity at beginning of period 1,191,376 1,191, , ,299 Legal reserve appropriated 71,151 Cash dividends of ordinary share Profit (loss) Other comprehensive income Total comprehensive income Changes in ownership interests in subsidiaries 3,948 Changes in non controlling interests Share based payments Total increase (decrease) in equity 3,948 71,151 Equity at end of period 1,191,376 1,191, , ,450 java/t164sb06_e?typek=all&step=show&co_id=8016&year=2016&season=4&report_id=c 1/1

SITRONIX TECHNOLOGY CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2017 AND DECEMBER 31, 2016

English Translation of Financial Statements Originally Issued in Chinese SITRONIX TECHNOLOGY CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2017 AND DECEMBER 31, 2016 The financial