RichWave has always focused on RF IC design, particularly in the R&D of Wi-Fi FEM, and is a leader in this field. It has successfully obtained certification from a US Wi-Fi 7 chip manufacturer, and the expansion of its mobile phone Wi-Fi 7 FEM market will contribute to RichWave’ s revenue. Since its establishment in 2004, RichWave has evolved into a global business with OEM partners across Taiwan, China, and South Korea, serving end customers in Europe and the United States. This means that global customer penetration is a major priority at this stage. RichWave has transitioned from a pure OEM business model to a branding business. The brand has gained the initial trust of some major customers, but has not yet established a stable market position. The existing results provide a sufficient foundation for expanding into global markets in Europe and North America. RichWave's resilience stems from a core belief: focus on taking each step well in the present, rather than worrying about grand future goals. For more than two decades, whether facing COVID, geopolitical tensions, or business challenges in mainland China, the Company's key to success has been not in predicting the peak, but in taking each step firmly. We are not a company that pursues perfection, but one committed to becoming stronger with every step we take. It is truly inspiring to see so many employees who have dedicated 10, 15, and 20 years of service to the Company.

How many 10-, 15-, or 20-year milestones does a person have in a lifetime? Your long-term commitment to the Company is the strongest recognition of everything we have built together. People are not drawn to a company solely because of its market position. They stay because it offers opportunities to grow, embrace challenges, and contribute with sincerity and purpose. My vision is to create a culture where people are encouraged to learn from mistakes, embrace challenges, and keep moving forward with confidence. Our business has entered its 22nd year. It has been like climbing a mountain— scaling one small peak after another, step by step. Every mountain offers different scenery, but also different challenges. I hope RichWave can become a place where everyone can grow personally and embrace every challenge with enthusiasm. We don't need to reach the peak, but we must make sure every step we take is steady. We are not afraid of challenges and do not worry about the results; we are focused on doing everything to the best of our ability. I would like to share a couplet from the summit of Mount Jade: the right side reads, "Take the most challenging path," and the left side reads, "Take on the heaviest responsibility." The message on the back read, "Come to learn how to be tough guy, and leave as one.” Being a "tough guy" means not being afraid of any challenge and persevering no matter how difficult it gets. I would also like to share eight words from Wang Yang- Ming: "A mountain of a thousand peaks can be conquered one step at a time." This means that when climbing a mountain, you shouldn't always focus on how far you have left to go, as that will only make you feel more exhausted. Just focus on the step in front of you, take it one step at a time, and you will eventually reach the summit. This is the greatest learning experience for us. We encourage the RichWave team to face mistakes and solve problems with a spirit of resilience, embracing challenges and overcoming obstacles with determination and commitment. The company's goal is not to become the industry leader, but to create a place where everyone can do meaningful and good work, continue to grow, and embrace new challenges.

In addition, RichWave established a Sustainable Development Committee, reporting directly to the Board of Directors, to further promote and develop the performance of the Company’s sustainability-related strategic plans. We will further integrate corporate sustainability into our daily operations, strengthen relevant corporate governance indicators, and strive to build an effective corporate governance structure to protect shareholder rights, strengthen the effectiveness of board supervision, respect the rights and interests of stakeholders, and regard improving company information transparency as the highest principle. At the same time, we will strengthen the connection between sustainable performance and operational management, and promote sustainable development through integration with our profession to let this persistence become the driving force for innovation.

In terms of environmental sustainability, RichWave regards environmental protection as our responsibility and continues to emphasize the R&D of energy-saving, high-efficiency products, and consider it one of the Company’s key R&D projects. We are collaborating with suppliers to develop a green supply chain, ensuring that the supply chain meets policy goals such as improving energy efficiency, reducing carbon emissions, and minimizing pollution, allowing both parties to work together in achieving regulatory compliance and advancing a sustainable economy. Following the adoption of the Task Force on Climate-related Financial Disclosures (TCFD) framework in 2024, RichWave Technology further enhanced its climate risk governance practices in 2025. Emphasizing quantitative disclosure, the Company seeks to make the "Environmental Dimension” of ESG more transparent and standardized, providing stakeholders with reliable information to evaluate climate-related financial impacts.

As far as a friendly workplace is concerned, RichWave is committed to respecting and protecting the basic human rights of our employees, partners, and stakeholders. We have always regarded our employees as partners and have therefore strived to provide a LOHAS, healthy, positive, and open work environment that inspires creativity and a proactive attitude. This is complemented by a comprehensive training mechanism and remuneration/welfare system to offer our employees a progressive career development platform and opportunities, thereby advancing the company’s overall technological innovation and development, as well as attaining a win-win situation for the company and the employees.

Looking ahead, the mobile and wireless communication industries will continue to flourish. RichWave’s radar sensors and Wi-Fi 7 front- end modules will provide more efficient connection support for AI, edge computing, robotics, the Internet of Vehicles (IoV), the Industrial Internet of Things (IIoT), VR, and telemedicine. In terms of terminal applications, the business target for 2026 is to continue expanding into application areas including Wi-Fi 8, IoT and IoV, in addition to working with telecommunication operators and mobile phone manufacturers. We will adhere to the concepts of ethical management and green environmental management, increase our investment in corporate governance, environmental sustainability, talent cultivation, and care for the disadvantaged, fulfill our corporate social responsibility, improve customer and investor satisfaction, and achieve a vision of co-existence and shared prosperity for sustainable development.