RichWave Technology Corp. Investor Presentation

May 2017 Expanding Portfolios and Scope

Technologies Products Scope

SOI CMOS Power Amplifier 350 Customers SiGe GaAs Low Noise Amplifier 200 Patents Switch Front-End Module 270 Products

Antenna Tuner 80M pcs/month FM/ AM shipping

Wireless Video

Richwave 2 confidential 11ac Boost RF Components Demand

11ac (3x3) 11n (1x1) 11n (3x3)

*Need high power PA

Richwave 3 confidential MU-MIMO Requires More RF Frond-end

Source: Linksys

Richwave 4 confidential Video Driving Mobile Traffic

Source: Ericsson Mobile Report, Nov. 2016

Richwave 5 confidential WiFi the Main Growth Driver

FEM growth from 18% in Q416 to 23% in Q117. Mostly from 11ac contribution. PA growth from 14% in Q416 to 17% in Q117. Expanding main stream products will strengthen product portfolio. Gateway and Routers Embedded devices Smartphone PA/FEM for 11ax will be launched in 2H17. Unit: NT$ Million

1600

1200

800 1,529 1,319 1,059 400 438

0 Source: Qualcomm 2014 2015 2016 2017Q1

Richwave 6 confidential Complete WiFi Solutions

LNA PA SWITCH

LNA PA SWITCH FEM Main Chipset LNA PA SWITCH (5GHz) LNA PA SWITCH PFEM

Source: D-Link CPU

LNA PA SWITCH Antenna output 5GHz 5GHz 2GHz 2GHz Diplexer/ Filter 11ac 11n 11ac 11n PA/LNA/SW V V V V LNA PA SWITCH FEM Main V V V V (PA+LNA+SW) Chipset LNA PA SWITCH FEM(LNA+SW) V V V V (2.4GHz) Enterprise FEM V V V V (PA+LNA+SW) LNA PA SWITCH Mobility FEM V V V V (PA+LNA+SW)

Richwave 7 confidential Content Value Increasing

Output Power Content Value ($$)

1x1 2x2 3x3 4x4 8x8 MIMO Migration

Richwave 8 confidential LTE Growth in Diversity Path

LTE LNA ship in Taiwan and China brands Launch high-T switch and next-gen. small form-factor LNA. Smart phone requires better sensitivity, more LTE LNA need.

Unit: NT$ Million

90 1

60 0 74 5 30 48 30

0 2015 2016 2017Q1

LTE SW LTE LNA

Richwave 9 confidential Broadcasting and Wireless Video

Keep expanding in broadcast and wireless video. FM continue win in Korea flagship phone. FMAM start shipping in clock radio. Wireless long-distance HD video ship to smart home, car backup, drone… with our proprietary transceiver.

Unit: NT$ Million

FM Wireless Video

295 300 239

164 156 150

65 51

0 2015 2016 2017Q1

Richwave 10 confidential Trend in Net Sales & Units

Unit: NT$ Million +26% 2400 +24% 2,161

2000 +24% 1,716 1600 +29.4% 1,382

1200 1,113

860 823 800 656 564 591 420 400 302 201

0 2012 2013 2014 2015 2016 2017Q1

Revenue Shipment Unit: Million pcs

Richwave 11 confidential Revenue by Products

Unit: NT$ Million

750

600

Others 450 Wireless Video FM LTE 300 WiFi

150

0 16Q2 16Q3 16Q4 17Q1

Richwave confidential Revenue by Regions

Unit: NT$ Million

750

600

EU&US 450 JP KOR CHN 300 TWN

150

0 16Q2 16Q3 16Q4 17Q1

Richwave confidential WiFi Revenue by Products

Unit: NT$ Million

500

400

LNA 300 PA FEM 200 SW

100

- 16Q2 16Q3 16Q4 17Q1

Richwave confidential 2017 Q1 Operation Results

2017 Q1 2016 Q4 QoQ 2016 Q1 YoY Amount:NT$ MN Amount % Amount % % Amount % %

Net Sales 591 100.0% 605 100.0% -2.3% 476 100% 24.2% Gross Margin 219 37.1% 201 33.2% 9.0% 155 33% 41.3% Operating Expense 171 28.9% 159 26.3% 7.5% 114 24% 50.0% Operating Profit 48 8.1% 41 6.8% 17.1% 41 9% 17.1% Net Income before Tax -59 -10.0% 58 9.6% -201.7% 29 6% -303.4% Net Income aftere Tax -50 -8.5% 50 8.3% -200.0% 25 5% -300.0% EPS -0.91 0.91 0.46

2017Q1 Non-Operating Income and Expense total NT$107 million including settlement fee NT$76 million and exchange losses NT$31 million.

Richwave 15 confidential