Note 25. Related-party Transactions | | | Name of related parties | | Relationship | Viewsil Microelectronics (Kunshan) Limited (Viewsil)(1) | | Associates | Viewsil Technology Limited (VST)(1) | | Associates | Ganzin Technology Corp. | | Associates | Prilit Optronics, Inc. | | Associates | Iris Optronics Co., Ltd. | | Associates | Guangzhou Pixtalks Information Technology Co., Ltd. | | Associates | Calumino Pty Limited(2) | | Associates | Cheng Mei Materials Technology Corporation (CMMT)(3) | | Other related parties | Ningbo Cheng Mei Materials Technology Co., Ltd.(3) | | Other related parties |
Note 1: Viewsil became a subsidiary of the Company from December 30, 2023. VST is the subsidiary of Viewsil. Note 2: It became equity method investee of the Company in May 2025. Note 3: CMMT resigned as a legal director and then lost significant influence on CM Visual Technology Corp. from June 25, 2024. | (b) | Significant transactions with related parties |
| (i) | Sales and accounts receivable |
| | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | Sales of goods | | | | | | | | Associates | | $ | 8 | | 54 | | 103 | Other related parties | | | 111 | | 11 | | — | | | $ | 119 | | 65 | | 103 |
| | | | | | | | December 31, | | | 2024 | | 2025 | | | | (in thousands) | Accounts receivable | | | | | | Associates | | $ | — | | 10 | Other related parties | | | 31 | | — | | | $ | 31 | | 10 |
| (ii) | Purchase and accounts payable |
| | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | Purchase of raw materials | | | | | | | | CMMT | | $ | 1,258 | | — | | — |
As of December 31, 2025, the related payable resulting from the aforementioned transaction was nil. | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | Revenue from miscellaneous service | | | | | | | | Associates | | $ | 78 | | 92 | | 58 | | | | | | | | | Technical service fee | | | | | | | | Viewsil | | $ | 1,140 | | — | | — | | | | | | | | | Miscellaneous fee | | | | | | | | CMMT | | $ | 458 | | — | | — | Associates | | | — | | 11 | | — | | | $ | 458 | | 11 | | — |
| | | | | | | | December 31, | | | 2024 | | 2025 | | | | (in thousands) | Other receivable | | | | | | Associates | | $ | 13 | | 22 | | | | | | | Other payable | | | | | | Associates | | $ | — | | 364 |
| (c) | Compensation of key management personnel |
For the years ended December 31, 2023, 2024 and 2025, the aggregate cash compensation that the Company paid to the independent directors was $150 thousand, $150 thousand and $150 thousand, respectively. The aggregate share-based compensation that the Company paid to the independent directors was nil. The compensation to key management personnel for the years ended December 31, 2023, 2024 and 2025 were as follows: | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | | (in thousands) | Short-term employee benefits | | $ | 1,790 | | 1,781 | | 1,195 | Post-employment benefits | | | 10 | | 10 | | 8 | Share-based compensation | | | 202 | | 227 | | 238 | | | $ | 2,002 | | 2,018 | | 1,441 |
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