ShineMore Technology Materials : Announcement of the Company’s Unqualified Opinion by CPA &Independent Auditors’Report on Material Uncertainty Related toGoing Concern for Q2 2022.

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Provided by: ShineMore Technology Materials Co., Ltd.
SEQ_NO	1	Date of announcement	2022/08/12	Time of announcement	19:34:47
Subject	Announcement of the Company's Unqualified Opinion by CPA &Independent Auditors'Report on Material Uncertainty Related toGoing Concern for Q2 2022.
Date of events	2022/08/12	To which item it meets	paragraph 30
Statement	1.Date of occurrence of the event:2022/08/12 2.CPA audit opinion in its entirety: INDEPENDENT AUDITORS' REVIEW REPORT The Board of Directors and Shareholders ShineMore Technology Materials Co., Ltd. Introduction We have reviewed the accompanying balance sheets of ShineMore Technology Materials Co., Ltd. (the "Company") as of June 30, 2022 and 2021, the related statements of comprehensive income for the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022 and 2021, the statements of changes in equity and cash flows for the six months then ended, and the related notes to the financial statements, including a summary of significant accounting policies (collectively referred to as the "financial statements"). Management is responsible for the preparation and fair presentation of the financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 "Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the financial statements based on our reviews. Scope of Review We conducted our reviews in accordance with Statement of Auditing Standards No. 65 "Review of Financial Information Performed by the Independent Auditor of the Entity". A review of financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our reviews, nothing has come to our attention that caused us to believe that the accompanying financial statements do not present fairly, in all material respects of the financial position of the Company as of June 30, 2022 and 2021, and its financial performance for the three months ended June 30, 2022 and 2021, and its financial performance and its cash flows for the six months ended June 30, 2022 and 2021 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and International Accounting Standard 34 "Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Material Uncertainty Related to Going Concern As described in Note 1 to the financial statements, the Company had net loss for consecutive years. As of June 30, 2022, the accumulated deficit was NT$333,308 thousand, the short-term borrowing was NT$17,000 thousand and the current portion of long-term borrowing was NT$78,001 thousand. Such amounts indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Management's plans regarding this matter are also described in Note 1 to the financial statements. Our opinion is not modified in respect of this matter. The engagement partners on the reviews resulting in this independent auditors' review report are Shu-Ju Lin and Chun-Yi Chang. Deloitte & Touche Taipei, Taiwan Republic of China August 11, 2022 3.Name of the CPA firm:Deloitte & Touche 4.CPA name and auditor certificate No.-1:Shu-Ju Lin Chin-Guan-Cheng-Sheng-Zi No. 1080321204 5.CPA name and auditor certificate No.-2:Chun-Yi Chang Tai-Cai-Zheng-SIX-Zi No. 0920123784 6.Date of report audit (review) by CPA:2022/08/11 7.Countermeasures:None 8.Any other matters that need to be specified:None