China Motor Corporation 2021/Q2 Investor Conference (ticker symbol：2204)

Aug. 25, 2021

1 Safe Harbor Notice

 This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of (“CMC”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.

 Forward-looking statements are subjects to significant risks and uncertainies which may vary from time to time and actual results may differ materially from those contained in the forward-looking statements, whether as result of new information, future events, or otherwise. CMC, its subsidiaries and representatives do not undertake any obligation to the damages resulted from the use, with or without negligence, of this presentation or other information related with it, except as required by law.

 Any part of this presentation can not be, on any purpose, directly or indirectly replicated, spread, transmitted or published.

2 Agenda

14:20

China Motor Corporation Investor Conference 2021/Q2 Investor Conference

8 Opinion Exchange

15:00 Presenter：Cheng-Chang Huang Vice President

3 Outline

CMC's Sales Performance from Jan. to Jul. and Operating Results in 2021/Q2

1. 2021 1~7 Sales Performance 2. 2021/Q2 Financial Statements : Income Statement 3. 2021/H1 Financial Statements : Income Statement 4. 2021/Q2 Financial Statements : Balance Sheet

CMC's Prospect in 2021/Q3

一、CMC’s Prospect in 2021/Q3 二、eMOVING New Electric Scooters Launch-EZ1

4 CMC's Sales Performance from Jan. to Jul.

1. 2021 1~7 Sales Performance

CMC’s sales performance was excellent in Jan ~Apr, 2021. The impact of the Covid-19 outbreak in May had been alleviated, resulting in positive growth from Jan. to Jul. compared to the same period last year.

(OEM, Imported Vehicles included)

YoY grows 4.9% YoY grows 87.3% YoY grows 5.8%

5 CMC's Operating Results in 2021/Q2

2. 2021/Q2 Financial Statements: Consolidated Income Statement unit：NTD in millions 2021/Q2 2021/Q1 QoQ 2020/Q2 YoY Revenues 7,550 8,645 -13% 7,116 6% Gross Profit 1,671 1,625 3% 1,297 29% Operating Income 718 792 -9% 379 89% Non-Op. Income and 802 752 7% 629 28% Expenses Income Before Tax 1,520 1,544 -2% 1,008 51% CNIS 1,254 1,284 -2% 913 37% Earnings Per Share (NTD) 2.30 2.35 -2% 1.67 38%

• Due to the impact of the pandemic in May and June, EPS was NTD 2.30 in 2021/Q2 (QoQ -2%). However, as the investment in China continued to grow, the negative impact of the pandemic on profits was reduced. • In 2021/Q2, EPS YoY was increased by 38%, due to the optimistic outlook for 2021/Q3, higher production and capacity utilization of the plant, our investee companies in China performed a strong growth as well, resulting in the overall profit improvement. 6 CMC's Operating Results in 2021/Q2

2. 2021/Q2 Financial Statements: Consolidated Income Statement Operating Performance: • The gross profit YoY was 29%, and the operating income YoY was 89%. Due to the pandemic in May and June, the sales performance only increased by 446 units (YoY 4%). However, because of the optimistic outlook for 2021/Q3, higher production and capacity utilization of the plant , overall production costs decreased, resulting in higher profits. Non-Operating Investment and Net Profit: • The net income YoY was 37%. In addition to the improvement of operating profit, the company's long-term investment income increased by NTD 152 millions. As the pandemic had eased in China, the investee companies , FBAC and Fujian Spicer Drivetrain had drastic growth in profits. unit： NTD in thousand Company Fujian Spicer Yulon FBAC Period Drivetrain 2021/Q2 147,516 325,158 30,047 2020/Q2 83,431 282,620 16,938 Growth Rate (%) 77% 15% 77% 7 CMC's Operating Results in 2021/Q2

3. 2021/H1 Financial Statements: Consolidated Income Statement

unit：NTD in millions 2021/H1 2020/H1 YoY Revenues 161.95 147.78 10% Gross Profit 32.96 26.22 26% Operating Income 15.10 8.94 69% Non-Op. Income and Expenses 15.54 8.15 91% Income Before Tax 30.64 17.09 79% CNIS 25.38 15.22 67% Earnings Per Share (NTD) 4.65 2.79 67%

• In 2021/H1, EPS YoY was increased by 67%, due to the sales growth and the investee companies in China performed a strong growth as well, resulting in the overall profit improvement.

8 CMC's Operating Results in 2021/Q2

3. 2021/H1 Financial Statements: Consolidated Income Statement Operating Performance: • The gross profit YoY was 26%, and the operating income YoY was 69%. Although affected by the pandemic in May and June, CMC sold 26,300 units, an increase of 2,169 units (YoY 9%) compared to the same period last year. Because of the higher production and capacity utilization of the plant , overall production costs decreased, resulting in higher profits. Non-Operating Investment and Net Profit: • The net income YoY was 67%. In addition to the improvement of operating profit, the company's long-term investment income increased by NTD 690 millions. Due to Yulon's investments returns increase. Furthermore, as the pandemic had eased in China, the investee companies FBAC, Kian Shen's subsidiaries and Fujian Spicer Drivetrain had drastic growth in profits. unit： NTD in thousand Company Kian Shen's Fujian Spicer Yulon FBAC Period subsidiaries Drivetrain 2021/H1 354,968 577,910 173,563 52,719 2020/H1 106,985 342,854 130,362 20,969 Growth Rate (%) 232% 68.6% 33% 151% 9 CMC's Operating Results in 2021/Q2

4. 2021/Q2 Financial Statements: Balance Sheet unit：NTD in millions

Account Title 2021/6/30 2020/12/31 QoQ 2020/6/30 YoY Total Assets 56,778 54,598 4% 50,480 12% Cash, Cash Equivalent 10,354 10,404 0% 7,963 30% Investments Accounted for 23,979 23,633 1% 22,507 7% Using the Equity Method Total Liabilities 12,399 8,891 39% 7,194 72% Total Equity 44,379 45,707 -3% 43,286 3% AR Turnover Days 23 29 30 Inventory Days 58 59 61 AP Turnover Days 49 50 46 Cash Cycle 32 38 45 Debt Asset Ratio 22% 16% 14%

• On 2021/6/30, CMC's cash and cash equivalent is NTD 10,354 millions, and CMC at least has NTD 6,479 millions cash and cash equivalent withholding for new vehicles model , alternative fuel vehicle, and new business investment in the future by excluding issuing cash dividend NTD 7 per share (NTD 3,875 millions in total). • On 2021/6/30, CMC's debt ratio is 22%, Because of the dividend is 3,875 millions, excluding the factor, the debt ratio is 16%. 10 CMC's Prospect in 2021/Q3

1. CMC's sales performance in 2021/Q3 is expected to grow compared to 2020/Q3

Est. units Electric Domestic Sales Export Sales Baseline Scooter

2020/Q3

2021/Q2

*OEM and imported vehicles included • Although the outbreak of the pandemic affect the sales performance in May and June, but with the pandemic is slowing down and the government is planning to issue the stimulus voucher, it is expected that the consumption will gradually recover if the pandemic is properly controlled in the future. • Therefore, CMC expects that the domestic sales and the electric scooter in 2021/Q3 will have a positive growth. 11 CMC's Prospect in 2021/Q3

2. eMOVING new electric scooters launch-EZ1 To meet the diversified needs of consumers, EZ1 uses the Network Battery Swapping Platform. There are more than 2,130 GoStation sites in .

6月改款上市 6月安全進化上市 註：以上價格已扣除南投縣汰舊換新補助8,000元，工業局補助7,000元(認證中)，環保署補助1,000元及購車金5,000元。 12 CMC's Prospect in 2021/Q3

2. eMOVING’s new electric scooters launch-EZ1

Weight (Including battery): 80kg Seat-height: 740mm

Trunk size: 21.6 L Front boxes & hook

6月改款上市 6月安全進化上市 13 THANK YOU FOR WATCHING Opinion Exchange

(ticker symbol ：2204)