#1Great Wall Enterprise Co., Ltd. Investor Conference 2023.5.30#2Disclaimer 1. This presentation contains certain forward-looking statements that are based on current expectations. These forward-looking statements are subject to known and unknown risks as well as uncertain ties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. 2. Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or others.#3. Financials . Key Events • Q & A Agenda#4Financials#5Consolidated Income Statement Unit: Million NTD 2020 2021 2022 2022 Q1 2023 Q1 YOY Net Revenue 81,651 100.0% 101,438 100.0% 113,297 100.0% 25,572 100.0% 27,073 100.0% 5.9% Cost of revenue 69,389 85.0% 90,701 89.4% 101,939 90.0% 22,992 89.9% 23,860 88.1% 3.8% Gross Profit 12,262 15.0% 10,737 10.6% 11,359 10.0% 2,579 10.1% 3,213 11.9% 24.6% Operating Exp. 8,050 9.9% 8,391 8.3% 8,301 7.3% 1,936 7.6% 2,143 7.9% 10.7% Operating Inc. 4,212 5.2% 2,345 2.3% 3,058 2.7% 643 2.5% 1,070 4.0% 66.4% Net Non-Op. Income 772 541 368 187 -2 PBT 4,983 6.1% 2,887 2.8% 3,426 3.0% 831 3.2% 1,068 3.9% 28.6% PAT 4,072 5.0% 2,262 2.2% 2,850 2.5% 632 2.5% 894 3.3% 41.5% Excl. Minority Interest 3,122 3.8% 1,869 1.8% 2,193 1.9% 553 2.2% 762 2.8% 37.7% EPS(NTD) 3.87 2.21 2.59 0.65 0.90 38.5% 15.02% 10.58% 10.03% 10.09% 11.87% GPM 5.16% 2.31% 2.70% 2.52% 3.95% OPM 4.99% 2.23% 2.52% 2.47% 3.30% NPM#6Financials by Business Groups Revenue From Non-Subsidiary Unit: Million NTD +882 Mio. East Asia, 6,775, 25% -146 Mio. Southeast Asia, 601, 2% 3% 2% 3% +207 Mio. Food Service, 754, 3% +165 Mio. Processed Food, 935, 3% +663 Mio. Integrated Poultry, 3,945, 15% 23% 13% Agricultural Food, 14,041, -273 Mio. 52% 56%#7Financials by Business Groups Revenue From Non-Subsidiary Unit: Million NTD 519 530 429 124 82 59 62 +61% 44 21 -2% +245% 4 +1.8%- -6576 32% -55 -142 Agricultural Food Integrated Poultry Processed Food Food Service Southeast Asia East Asia 2023Q1 2022Q1#8Key Events#9. . . Key Events Corn/Soybean Futures Taiwan Pork Supply Taiwan Poultry Supply#10Corn Daily Chart Brazilian Corn Approved for Imports into China 十月 Poor South American Market Surprised by Weather Low Corn Stocks Lack of US Corn Export Demand China Purchases US Corn 700'0 690'0 680'0 670'0 660'0 China Cancels US Corn Purchases 650'0 Black Sea Grain Corridor Extended 640'0 630°0 620'0 610'0 ZCN2023 602'2 14:45:32 590'0 十一月 十二月 2023 二月 三月 16 四月 五月 16 六月 16 580'0 570'0 560'0 550'0 540'0#11Daily Soybean Chart 15600 Brazilian Harvest Pressure 1540'0 Importers Turn to US Soybeans due to Slow Brazilian Harvest Strong US Export Activity and Poor South American Weather 1520'0 Lack of US 1500'0 Export Demand 14800 Black Sea Grain Corridor Extended 1460'0 1440'0 1420'0 1400'0 1380'0 1360'0 1340'0 ZSN2023 1324'4 14:53:30 1300'0 1280'0 十月 十一月 十二月 2023 二月 三月 16 四月 五月 16 六月#12Unit: metric ton Unit: NTD/Kg 100000 90000 80000 70000 60000 50000 40000 95 க க க 65 85 75 Taiwan Pork Supply 2021Average Price 2022Average Price 2023Average Price 30000 20000 10000 0 Jan Feb Mar Apr May Jun Jul Aug 2021 Domestic 2021 Import 2022 Domestic ■2022 Import Sep 2023 Domestic Oct Nov Dec ■2023 Import#13Unit: metric ton Unit: NTD/Kg 60000 50000 40000 30000 20000 40.0 35.0 30.0 Taiwan Poultry Supply 25.0 2021 Broiler Average Price 2022 Broiler Average Price 2023 Broiler Average Price 70000 10000 0 Jan Feb Mar Apr May Jun Jul 2021 Domestic 2021 Import 2022 Domestic Aug ■2022 Import Sep Oct Nov Dec 2023 Domestic ■ 2023 Import#14大阪 DaChan#15Q & A