Related Party Transactions (Tables)

3 Months Ended

Feb. 29, 2024

Schedule of Beneficial Ownership of Company's Common Stock by Related Party

As noted above, MiTAC Holdings and its affiliates in the aggregate beneficially owned approximately 9.5% of the Company’s outstanding common stock as of February 29, 2024. These shares are owned by the following entities:


(shares in thousands)			As of February 29, 2024
MiTAC Holdings(1)			4,770
Synnex Technology International Corp.(2)			3,474
Total			8,244

_________________________

(1) Shares are held as follows: 302 thousand shares by Silver Star Developments Ltd. and 2,065 thousand shares by MiTAC International Corp., both of which are wholly-owned subsidiaries of MiTAC Holdings, along with 2,403 thousand shares held directly by MiTAC Holdings. Excludes 146 thousand shares held directly by Mr. Miau, 217 thousand shares indirectly held by Mr. Miau through a charitable remainder trust, and 190 thousand shares held by his spouse.

(2) Synnex Technology International Corp. (“Synnex Technology International”) is a separate entity from the Company and is a publicly-traded corporation in Taiwan. Shares are held via Peer Development Ltd., a wholly-owned subsidiary of Synnex Technology International. MiTAC Holdings owns a noncontrolling interest of 14.1% in MiTAC Incorporated, a privately-held Taiwanese company, which in turn holds a noncontrolling interest of 15.7% in Synnex Technology International. Neither MiTAC Holdings nor Mr. Miau is affiliated with any person(s), entity, or entities that hold a majority interest in MiTAC Incorporated.

Schedule of Related Party Transactions

The following table presents the Company's transactions with MiTAC Holdings and its affiliates for the periods indicated:


	Three Months Ended
	February 29, 2024		February 28, 2023

	(currency in thousands)
Purchases of inventories and services	$	56,130	$	40,443
Sale of products to MiTAC Holdings and affiliates	8,380		3,748
Payments made for rent and overhead costs for use of facilities of MiTAC Holdings and affiliates, net	212		307

The following table presents the Company’s receivable from and payable to MiTAC Holdings and its affiliates for the periods presented:


	As of
	February 29, 2024		November 30, 2023

	(currency in thousands)
Receivable from related parties (included in Accounts receivable, net)	$	6,782	$	4,330
Payable to related parties (included in Accounts payable)	28,017		16,538