RichWave Technology Corp.

May 2019

2019 Q1 Investor Conference

Richwave confidential 3

Vision

World RF IC Leader by Technology and Innovation

Richwave confidential 4

2019 Q1 P&L

2019 Q1 2018 Q4 QoQ 2018 Q1 YoY Amount: NT$ MN Amount % Amount % % Amount % %

Net Sales 425 100.0% 606 100.0% -29.9% 662 100.0% -35.8% Gross Margin 161 37.9% 210 34.6% -23.3% 205 31.0% -21.5%

Operating Expense 174 40.9% 164 27.1% 6.1% 155 23.4% 12.3%

Operating Profit -13 -3.0% 46 7.5% -128.3% 50 7.6% -126.0%

Non-Op. Profits(Loss) -1 -0.2% 1 0.2% -200.0% -6 -0.9% 83.3%

Net Income before Tax -14 -3.2% 47 7.7% -129.8% 44 6.6% -131.8%

Net Income after Tax -11 -2.6% 40 6.6% -127.5% 36 5.4% -130.6%

EPS -0.18 0.65 0.60

Richwave confidential 5

Net Sales 2014-2019

Unit: NT$ million

1,382 1,716

2,161

2,666 2,650

425

2014 2015 2016 2017 2018 2019

-0.6%

+24.2%

+25.9%

+23.4%

Richwave confidential 6

Gross Margin Trend 2016-2018

32.5%

37.1%

31.0%

37.9% 35.1% 36.3%

32.1% 34.6%

31.5% 33.0% 33.2%

32.2%

34.6%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

2016 2017 2018 2019 Q1 Q2 Q3 Q4

Richwave confidential 7

Revenue by Products

-

250

500

750

1Q'18 2Q'18 3Q'18 4Q'18 1Q'19

522 602 554 510

343

51

66 45

38

10

68

39 64

45

59

21 5

6

13

13

Others

FM

LTE

WiFi

Unit: NT$ Million

Richwave confidential 8

High Integration WiFi FEM & High Power PA Gain Weighting

34% 33% 40% 37% 39%

12% 14% 6% 12% 11%

30% 34% 33% 31% 28%

2% 3% 3% 4% 3%

1Q'18 2Q'18 3Q'18 4Q'18 1Q'19

LNA

SW

PA

FEM

Richwave confidential 9

Business Highlights – WiFi Won Broadcom 11ax reference design for platforms

4x4 performance segment – 2G FEM & 5G FEM 2x2 main stream – 5G FEM

Won Quantenna 11ac reference design for platforms 4x4 performance segment & main stream – 5G FEM

Richwave confidential 10

Business Highlights – WiFi Won WiFi 11ac FEM design for AP/Gateway:

China: Router for China Telecom, 10GPON for China mobile, Enterprise AP for for Ruiji and H3C, GPON for Nokia Bell Southeast Asia: GPON home gateway for Reliance, Router for Philippians’ telco, Vietnam telco, DSL for TRUE Thailand telco EU: Repeater for Telefonica, Home gateway for Liberty Global, Router for Freebox, DSL for Vodafone, GPON for Russia telco, Router for Italian telco, STB for France telco, Residential gateway for UK telco, Cable modem & STB for Sagemcom America: AP for Netgear, AP/Base station for Arlo, Cable modem for Mexico, Argentina cable operators, GPON for Brazil telco, GPON for Telmex

Won WiFi FEM/SW design for: Doorbells for Amazon Samsung IP Cam Google home

Richwave confidential 11

Business Highlights – Mobile Started to ship WiFi 11ac 2.4GHz & 5GHz FEMs for:

LG smart phone, Motorola smart phone, Quectel modules for IoT

Won WiFi 11ac 2.4GHz & 5GHz FEMs design for: Lenovo PAD, Sharp smart phone

Won LTE LNA design for: Samsung smart phone, Quectel LTE modules for IoT

Won WiFi/LTE SW design for: Motorola smart phone, Nokia feature phone, Lora modules

Richwave confidential 12

Business Highlights – Automotive Won 2G Rx FEM and 5G full FEM design for WiFi modules for automotive for GM Won LTE SW design for LTE modules for automotive telematics for Bosch