2024 Performance Highlights (G)

• In 2024, equity investment businesses recognized NT$541 million profit, achieving budget target of NT$492 million.
• Consolidated annual operating revenue reached NT$24.891 billion in 2024.

Comply with the SDGs

• SDG 8【SDG8.3；SDG8.9】

Management Policy

Covered material topics

• Economic Performance

Policy

• Operational Performance【Major Business Operations】
• Operational Performance【Investment Projects】
• Operational Performance【Overall Financial Performance】

Management Evaluation System

• Operational Performance【Major Business Operations】
• Operational Performance【Investment Projects】
• Operational Performance【Overall Financial Performance】

Business Performance

To enhance the competitiveness of Taiwan's port group and strengthen the development of various business operations, the Company continuously undertakes optimization and upgrading of port infrastructure, promotes surrounding traffic improvement measures, and maintains friendly interactions with local communities. Additionally, port infrastructure (hardware) development remains one of the Company's core operational initiatives.

• Port Infrastructure Construction- NT$13.197 billion, achieving 100% of the target

• Relocation of Port of Keelung Military Wharf and Reconstruction of Rear-Line Facilities Project

• The Second Phase of Land Reclamation Project at Logistic and Warehousing area In Taipei Port
• The Port of Taichung New Land Reclamation and Seawall Construction Project
• Taichung Port Wharfs 37 and 38 New Construction Project
• Port of Kaohsiung 7th Container Terminal Project — Infrastructure and Operational Facilities Construction
• Port of Kaohsiung Wharf A6 Shoreline Reinforcement and Land Reclamation Project
• Anping Port Wharf No.11 Construction Project

Port Business Development and Employment Opportunities- In 2024, TIPC successfully attracted investment exceeding NT$10.9 billion

• ARGO Yacht Club invested in the Taipei Port Tourism, Recreation and Commercial Area.
• NO.9 WANSHIDA CO., LTD. invested in the Yuguang Island Beach at Anping Port.
• Priority Transportation Co., Ltd. invested in the land of Units 2 and 3 of the Qianzhen Logistics & Warehousing Zone at Port of Kaohsiung.
• Wharves 20A and 20B water area and special zone for tourism and recreation at Port of Taichung.
• In 2024, the Kaohsiung Port 7th Container Terminal commenced full operations. The facility offers simultaneous berthing capacity for four of the world's largest 24,000 TEU-class container vessels. It is expected to generate approximately 200 job opportunities and NT$15 billion in industrial output.

Passenger Travel, Tourism, and Waterfront Recreation

• Keelung Branch

1. In 2024, a total of 331 cruise ship calls were handled, accommodating 786,840 passengers. Efforts to enhance travel services continued, including the opening of the Sky Garden on the 3rd floor of the East Coast Visitor Center. This new seaside photo spot features cartoon-style installations of a "Whale" and a "Conch," serving as welcoming mascots.
2. On February 3–4, 2024, the Paper Windmill Theatre was invited to perform "Wu Ding's Journey Around the World" at the Sky Garden, attracting over 2,000 visitors and symbolizing the port's connection to the world.

• Kaohsiung Branch

1. In 2024, 59 cruise ship calls were received, with 90,805 passengers served. The outdoor area on the 1st floor and the art plaza on the 3rd floor of the Visitor Center were opened, featuring seaside views and large-scale musical instrument installations to enhance the port area's tourism appeal.
2. On May 12, 2024, the "Love Mommy Charity Sustainable Slow Jogging" and Family Day activities were held to promote employee physical and mental health as well as sustainability awareness.
3. On November 23, 2024, the "Colorful Kaohsiung Port" children's live painting event was organized to encourage students to connect with the ocean and learn about port culture.

When undertaking overall planning for international ports or urban planning projects, the Company aligns with the development context and planning strategies of the respective port cities. Appropriate investment promotion models are adopted based on different land locations and development conditions to enhance land utilization and development value within the port areas. Stakeholders related to this business (such as county and city governments) who have suggestions regarding these business activities of the Company or its branch offices may contact the relevant personnel during business hours by phone, or provide their opinions via email or official correspondence. The Company or branch offices will respond promptly upon receipt of such communications.

Operational Performance

Main Business Operations

TIPC carried out various operational businesses, achieving a consolidated annual operation revenue of NT$24.891 billion in 2024. The main operating activities include berthing, tugging, cargo handling, warehousing, and development investments, with target achievement rates as follows:

Achievement Rates for Main Business Operations(Unit: NT$ thousand)

Note:

(1) Berthing Services: Achievement rate of 105.45%, attributed to increased operational volume due to longer vessel waiting times for cargo handling and the collection of priority berth usage fees.

(2) Tugging Services: Achievement rate of 102.56%, mainly due to a slight decrease in towage operation hours, offset by higher-than-budgeted fees for towage services not charged by time.

(3) Cargo Handling Services: Achievement rate of 97.11%, primarily due to container handling volumes falling short of expectations, resulting in reduced operational revenue.

(4) Warehousing Services: Achievement rate of 107.11%, mainly due to increased lease renewals by dedicated area tenants and raised operational management fees, leading to higher warehousing income.

(5) Development Investment: Achievement rate of 83.88%, mainly due to unfinished development projects causing cumulative figures to fall below budgeted amounts.

Consolidated revenue in the past three years

Equity Investment Items

In accordance with the corporate governance procedures, TIPC develops investment businesses as an important measure for diversification and to enhance overall group synergy. TIPC regularly tracks the operational performance of each investment business, discussing and supervising their outcomes through business communication platforms.

Performance of investment in enterprises for 2024(Unit: NT$thousand)

Overall Financial Performance

The Company formulates an annual financial capital management plan based on the "Guidelines in Financial Capital Utilization and Management" and "Financial Capital Utilization and Management Operating Procedures" covering capital planning, return targets, financial asset allocation limits, and transaction authorization levels. Upon approval by the Board of Directors, relevant financial asset operations are executed accordingly.

The Company continuously collects and analyzes macroeconomic and industry information and maintains good interaction with financial institutions in order to grasp market dynamics in real time. Through weekly Capital Utilization Working Group meetings, investment strategies are discussed. If market changes differ from expectations, investment strategies are iteratively reviewed through these meetings, and financial perf ormance is tracked through monthly capital utilization analysis reports.

In the Guidelines in Financial Capital Utilization and Management, the Company sets investment specifications for different financial products to control overall investment risk. All investments are reviewed for compliance according to specifications, and at least one internal and external audit is conducted each year to ensure effective implementation of management specifications. If any violation of the internal control system is discovered (in recent years, internal and external audits have found no deficiencies), review and improvement plans will be proposed according to audit opinions to ensure effective operation of the management mechanism. In 2024, consolidated operating revenue reached NT$24.891 billion and net income after tax was NT$8.137 billion, representing growth of 4.71% and a decrease of 25.78%, respectively, compared to 2023. Detailed information on TIPC's 2024 financial performance and government subsidies detailed information is provided in the "Financial Operating Performance Data "and "Government Subsidies for Specific Projects" section under " Sustainability Information Disclosure-Corporate Governance Information" on the TIPC Sustainability website.

2022-2024 Operating Revenue & Profit before Income Tax of TIPC

In light of the usage and development conditions of each land parcel, the corporate actively explores potential business partners, plans investment promotion that meet market demand, and conducts promotion in accordance with the "Regulations Governing the Investment to Build or Lease and Operate Land and Facilities Outside the Commercial Port Area for State-Run or Private Enterprises.", in order to ensure the active revitalization of the company's vacant properties and to increase income from asset utilization. Since mid-2017, there were 93 idle real estate properties reported to the "Land Clearance and Revitalization Promotion Group of State-Owned Utilities under Ministry of Transportation and Communications (MOTC)". As of the end of December 2024, 25 real estate properties have been revitalized, with a total area of 29,719.68m².

The Company handles tax matters in compliance with the Income Tax Act and the Guidelines for the Audit of Income Taxes on Profit-making-Enterprises, among other applicable tax regulations. A certified public accountant (CPA) is engaged to conduct audits and provide attestation for the profit-seeking enterprise income tax filings, which serve as the basis for tax payments. In 2024, income tax payments accounted for 8.39% of operation revenue.