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Related-party Transactions

12 Months Ended

Dec. 31, 2023

Note 26. Related-party Transactions

(a)

Name and relationship


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.⁽²⁾		Associates
Iris Optronics Co., Ltd.		Associates
Guangzhou Pixtalks Information Technology Co., Ltd.		Associates
Cheng Mei Materials Technology Corporation (CMMT)		Other related parties
Ningbo Cheng Mei Materials Technology Co., Ltd.		Other related parties

Note 1: Equity method investee of the Company, becoming as 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 October 2022.

(b)

Significant transactions with related parties

(i)

Sales and accounts receivable


	Year ended December 31,
	2021		2022	2023

	(in thousands)
Sales of goods
Associates	$	—	—	8
Other related parties		125	215	111
	$	125	215	119


	December 31,
	2022		2023

	(in thousands)
Accounts receivable
Other related parties	$	36	14

(ii)

Purchase and accounts payable


	Year ended December 31,
	2021		2022	2023

	(in thousands)
Purchase of raw materials
CMMT	$	3,469	1,079	1,258
Other related parties		63	—	—
	$	3,532	1,079	1,258


	December 31,
	2022		2023

	(in thousands)
Accounts payable
CMMT	$	263	911

(iii)

The Company made an interest-free loan of $1,200 thousand as of December 31, 2022 to VST for its short-term funding needs. The loan is repayable on demand. The Company may consider providing further future loans to VST.

(iv)

Others


	Year ended December 31,
	2021		2022	2023

	(in thousands)
Revenue from miscellaneous service
Associates	$	63	181	78
Other related parties		3	9	—
	$	66	190	78

Technical service fee
Viewsil	$	1,400	1,050	1,140

Miscellaneous fee
CMMT	$	791	496	458
Associates		4	—	—
	$	795	496	458


	December 31,
	2022		2023

	(in thousands)
Other receivable
Associates	$	24	12
Other related parties		—	54
	$	24	66

Other payable
Viewsil	$	2,450	—
Other related parties		118	110
	$	2,568	110

(c)

Compensation of key management personnel

For the years ended December 31, 2021, 2022 and 2023, 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, 2021, 2022 and 2023 were as follows:


	Year ended December 31,
	2021		2022	2023

	(in thousands)
Short-term employee benefits	$	1,068	1,721	1,790
Post-employment benefits		12	11	10
Share-based compensation		671	363	202
	$	1,751	2,095	2,002