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Registered number:
For the Year Ended
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Company Information
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Contents
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Strategic Report
For the Year Ended 31 December 2025
The directors present their Strategic Report and the financial statements for the year ended 31 December
2025.
The principal activity of the company is an intermediate holding company within the Coretronic Corporation Group.
As a holding company, the principal risks and uncertainties are primarily driven by the performance of the subsidiary entities.
Financial risks The company does not have any debt and therefore the directors do not consider there to be any interest rate risk. The company may be subject to liquidity risks whereby it may not be able to meet its obligations associated with financial liabilities. The company mitigates this risk through the receipt of dividends from its trading subsidiary undertakings.
As a holding company, the company does not have any significant key performance indicators.
Accounts are prepared under FRS 101 – Reduced Disclosure Framework and the directors have taken advantage of the disclosure exemptions allowed under this standard. The results of the company are shown in the Profit and Loss Account. The loss for the year after taxation amounted to €1,249,000 (2024: Loss of €1,365,000). No dividends have been paid or declared during the current or prior year. Employee share options were granted to Optoma Group employees in the UK, EU, USA and Taiwan during 2022. However, the Company's management decided to close the Employee Share Option Scheme in all territories during the year.
Section 172 of the Companies Act 2006 requires the directors to act in a way they consider, in good faith, to be most likely to promote the success of the company for the benefit of all stakeholders.
The company’s directors promote good corporate governance and the composition of the board of directors listed on the company information page allows the company to effectively run the business where directors are collectively responsible for the long-term success of the company. The company’s board of directors have put in place a process to monitor and assess the capital requirements and the risk controls to allow its business to continue to operate under existing and projected, market and business conditions.
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Strategic Report (continued)
For the Year Ended 31 December 2025
On behalf of the Board.
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Directors' Report
For the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The loss for the year, after taxation, amounted to €1,249,000 (2024 - loss €1,365,000).
No dividends have been paid or declared during the year.
The directors aim to ensure that the subsidiary undertakings are maintained and developed to continue to drive
the Optoma group in a positive direction, through the continued introduction of new higher specification products. The company will provide business strategic direction and governance to the Optoma group to help achieve the future targets.
In determining the appropriate basis of preparation for the financial statements for the year ended 31 December 2025, the Directors have considered whether the company can continue in operational existence for a period of 12 months from the signing date of these financial statements. As the Company does not trade and as a result relies on the support from the ultimate parent company, it has received a letter of support from its ultimate parent company, Coretronic Corporation (a company incorporated in Taiwan), confirming it will provide the financial support necessary for the Company to meet its liabilities as and when they become due for a period of 12 months from the signing date of these financial statements. Coretronic Corporation is a profitable company and has adequate net assets in its financial position and therefore directors believe that the ultimate parent company has sufficient funds to support the cash outflows of the company.
After making enquiries and reviewed the Company’s forecast, along with a letter of support confirming financial support will be provided by the ultimate parent company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence throughout the period of assessment for a period of 12 months from the signing date of these financial statements. Accordingly, these financial statements have been prepared on a going concern basis.
The directors who served during the year and since the year-end were:
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Directors' Report (continued)
For the Year Ended 31 December 2025
The auditor, Ernst & Young LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
An announcement was made on 27th April 2026 that the ultimate parent company, Coretronic Corporation, approved a plan to establish an investment holding company, CoreIntelligence Holdings Corporation, to enhance the efficiency of the Group’s strategic planning and increase flexibility in the development of new businesses. This plan is subject to final approvals from local governmental agencies in Taiwan.
The directors are not aware of any other significant events after the balance sheet date which would require adjustment or disclosure in these Financial Statements.
This report was approved by the board and signed on its behalf.
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Statement of Director's Responsibilities
For the Year Ended 31 December 2025
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations in the United Kingdom.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards, inlcuding FRS 101, have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business;
∙present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;
∙provide additional disclosures when compliance with the specific requirements in FRS 101 is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the company financial position and financial performance.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Under applicable law and regulations, the directors are also responsible for preparing a Strategic Report, and
Directors’ Report, that comply with that law and those regulations. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website.
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Independent Auditor's Report to the Members of Optoma Holding Limited
We have audited the financial statements of Optoma Holding Limited (the 'Company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes 1 to 18, including material accounting policy information. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of 12 months from the signing date of these financial statements.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the company’s ability to continue as a going concern.
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Independent Auditor's Report to the Members of Optoma Holding Limited (continued)
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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Independent Auditor's Report to the Members of Optoma Holding Limited (continued)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.
∙We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relates to the reporting framework (FRS101, the Companies Act 2006) and relevant tax laws and regulations in the United Kingdom.
∙We understood how Optoma Holding Limited is complying with those frameworks by making enquiries of management to understand the process in place to maintain and communicate its policies and procedures in these areas. We corroborated our enquires through our review of board minutes, correspondence with relevant authorities and supporting documentation, and noted that there was no contradictory evidence.
∙We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur by discussing with senior finance personnel and those charge with governance as to the rationale behind the specific accounting transactions and obtaining corroborating evidence. We confirmed a sample of transactions back to source documentation or independent confirmation.
∙Based on this understanding we designed our audit procedures to identify non-compliance with the laws and regulations. Our procedures involved:
°Enquiry of management and those charged with governance as to any fraud identified or suspected in the period, any actual or potential litigation or claims or breaches of significant laws or regulations applicable to the company;
°Auditing the risk of management override, through testing of a sample of journal entries and other adjustments for appropriateness;
°Enquiry of management, coupled with testing of journal entries, in order to identify and understand any significant transactions outside of the normal course of business;
°Challenging the judgements made by management through corroborating the basis for those judgements and considering contradicting evidence; and
°Reading financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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Independent Auditor's Report to the Members of Optoma Holding Limited (continued)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of Ernst & Young LLP (Statutory Auditor)
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Profit and Loss Account
For the Year Ended 31 December 2025
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Statement of Comprehensive Income
For the Year Ended 31 December 2025
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Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 14 to 31 form an integral part of these financial statements.
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The notes on pages 14-30 form an integral part of these financial statements.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
The company is a private company limited by share capital and is incorporated in England & Wales.
These financial statements are prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (‘FRS 101’) applicable in the UK and Ireland, and the Companies Act 2006. The company’s financial statements are presented in Euro, which is the functional currency of the company, and all values are rounded to the nearest thousand euros (€000) except when otherwise indicated. The company has taken advantage of exemption under S401 of Companies Act 2006 not to prepare group accounts as it is a wholly owned subsidiary of Coretronic Corporation (note 18).
2.Accounting policies
The Company has taken advantage of the following disclosure exemptions under FRS 101:
∙the requirements of IFRS 7 Financial Instruments: Disclosures
∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
- paragraph 79(a)(iv) of IAS 1;
∙the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
∙the requirements of IAS 7 Statement of Cash Flows
∙the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
This information is included in the consolidated financial statements of Coretronic Corporation as at 31 December 2025 and these financial statements may be obtained from 11 Li-Hsin Road, Science
based Industrial Park, Hsin Chu, Taiwan ROC.
The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
In determining the appropriate basis of preparation for the financial statements for the year ended 31 December 2025, the Directors have considered whether the company can continue in operational existence for a period of 12 months from the signing date of these financial statements. As the Company does not trade and as a result relies on the support from the ultimate parent company, it has received a letter of support from its ultimate parent company, Coretronic Corporation (a company incorporated in Taiwan), confirming it will provide the financial support necessary for the Company to meet its liabilities as and when they become due for a period of 12 months from the signing date of these financial statements. Coretronic Corporation is a profitable company and has adequate net assets in its financial position and therefore directors believe that the ultimate parent company has sufficient funds to support the cash outflows of the company.
After making enquiries and reviewed the Company’s forecast, along with a letter of support confirming financial support will be provided by the ultimate parent company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence throughout the period of assessment for a period of 12 months from the signing date of these financial statements. Accordingly, these financial statements have been prepared on a going concern basis.
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. The Directors have reviewed all the assets and liabilities at the Balance Sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates. The primary area of significant estimation for the company is the valuation of investments and whether the value in use for each of the subsidiaries supports the value recorded.
Also, where share options are granted, management exercises judgement in determining the fair value of these financial instruments considering both internal and external factors during the period. Due to the large degree of judgement required, external valuation experts are engaged to calculate the fair value as part of the reporting process. Employee share options were granted to Optoma Group employees in the UK, EU, USA and Taiwan during 2022. However, the Company's management decided to close the Employee Share Option Scheme in all territories during the year.
The company is exempt from the requirement to prepare group financial statements under section 401 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful lives range as follows:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in Profit or Loss.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
The company discloses transactions with related parties that are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned.
Bank and cash balances are recorded at nominal value, and comprise cash on hand and bank deposits.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
The cost of equity-settled transactions between the Group and its employees is recognised based on the fair value of the equity instruments granted at the date at which they are granted. The cost of the equity-settled share-based payment transaction is gradually recognised when service terms and performance conditions are met, and the equity recognised increases relatively.
Fair value is determined by using Black-Scholes pricing model. In valuing equity-settled transactions, no account is taken of any vesting conditions, other than conditions linked to the price of the shares of the Company (market conditions) and non-vesting conditions. The accumulated expense from equity-settled share-based payment transactions before the end of every reporting period before the vesting date is a reflection on the passing of the vesting period at the best estimate for the number of equity instruments that will ultimately vest. The cumulative cost changes for the share based payment transactions will be recognised in profit or loss for the period. If ultimately, the instruments do not meet the vesting criteria, no expense shall be recognised. However, if the vesting conditions of the equity settled transaction are related to market conditions or non-vesting conditions, when all service or performance conditions are met, related expenses are recognised irrespective of whether the market conditions or non-vesting conditions have been met.
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
Financial asset – recognition and measurement Financial assets are recognised when the entity becomes a party to the contract and, as a consequence, has a legal right to receive cash. All financial assets are initially measured at fair value plus, in the case of financial assets not recorded at fair value through profit or loss, transaction costs that are attributable to the acquisition of the financial asset. Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market place (regular way trades) are recognised on the trade date, i.e., the date that the company commits to purchase or sell the asset. All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets. The company classifies its financial assets in the following categories: at fair value through profit or loss; and loans and receivables. The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition. (a) Financial assets at fair value through profit or loss or at fair value through other comprehensive income There are no instruments which have been classified under this category. (b) Financial assets at amortised cost The company classifies its financial assets at amortised cost only if both of the following criteria are met: • the asset is held within a business model whose objective is to collect contractual cash flows, and • the contractual terms give rise to cash flows that are solely payments of principal and interest. This category is the most relevant to the company.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Impairment of financial assets
In accordance with IFRS 9, the company applies the expected credit loss (ECL) model for measurement and recognition of impairment loss on the following financial assets and credit risk exposure: a) Financial assets that are debt instruments, and are measured at amortised cost e.g., loans, debt securities, deposits, trade receivables and bank balance. b) Trade receivables or any contractual right to receive cash or another financial asset that result from transactions that are within the scope of IFRS 15. For trade and other receivables, the company applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses and trade receivables have been grouped based on shared credit risk characteristics and the days past due. Financial liabilities - recognition and measurement All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The company’s financial liabilities comprise of trade creditors and amounts owed to group undertakings. Subsequent measurement The measurement of financial liabilities depends on their classification, as described below: (a) Financial liabilities at fair value through profit or loss (b) Loans and borrowings Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term The company does not have any financial liabilities which are subsequently re-measured at fair value through profit or loss. De-recognition A financial liability is derecognised when the obligation under the liability is discharged, cancelled or expires. Offsetting financial instruments Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
At inception of a contract, the company assesses whether a contract is, or contains, a lease. A
contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the company assesses whether: - The contract involves the use of an identified asset; - The company has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use; and - The company has the right to direct the use of the asset. The company also had leased vehicles, with lease terms of up to three years, with options to extend where necessary. The existing contracts do not give an option to purchase the assets or guarantee the residual value of the leased assets at the end of the contract term.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
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Notes to the Financial Statements
For the Year Ended 31 December 2025
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Notes to the Financial Statements
For the Year Ended 31 December 2025
8.Taxation (continued)
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Notes to the Financial Statements
For the Year Ended 31 December 2025
(a) Owned tangible fixed assets
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Notes to the Financial Statements
For the Year Ended 31 December 2025
9.Tangible assets (continued)
(b) Right-of-use assets
The figures in this note are presented in absolute without being rounded to thousand euros.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
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Notes to the Financial Statements
For the Year Ended 31 December 2025
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Notes to the Financial Statements
For the Year Ended 31 December 2025
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Notes to the Financial Statements
For the Year Ended 31 December 2025
The company’s immediate parent undertaking is Coretronic Investment Limited, a company incorporated in England.
The company’s ultimate parent undertaking and controlling party is Coretronic Corporation, a company incorporated in Taiwan. The largest and the smallest company in which the results of the company are consolidated is that headed by Coretronic Corporation, incorporated in Taiwan. The company financial statements of that company are available to the public and may be obtained from 11 Li-Hsin Road, Science-based Industrial Park, Hsin Chu, Taiwan ROC.
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Notes to the Financial Statements
For the Year Ended 31 December 2025
18.Controlling party (continued)
An announcement was made on 27th April 2026 that the ultimate parent company, Coretronic Corporation, approved a plan to establish an investment holding company, CoreIntelligence Holdings Corporation, to enhance the efficiency of the Group’s strategic planning and increase flexibility in the development of new businesses. This plan is subject to final approvals from local governmental agencies in Taiwan.
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