MIRA INFORM REPORT

Report Date :

17.08.2011

IDENTIFICATION DETAILS

Name :	EVERLIGHT CHEMICAL INDUSTRIAL CORP.
Registered Office :	5-6/Floor,No.77,Sec.2 Tun Hua South Road Taipei
Country :	Taiwan
Financials (as on) :	31.12.2010
Date of Incorporation :	07.09.1972
Legal Form :	Public Parent
Line of Business :	Manufacture of other inorganic basic chemicals

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Taiwan	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

Top of Form

Bottom of Form

Everlight Chemical Industrial Corp.

5-6/Floor,No.77,Sec.2
Tun Hua South Road
Taipei,
Taiwan
Tel:	886-2-27066006
Fax:	886-2-23263595
www.ecic.com

Employees:

1,468

Company Type:

Public Parent

Corporate Family:

2 Companies

Traded:

Taiwan Stock Exchange:

1711

Incorporation Date:

07-Sep-1972

Auditor:

KPMG LLP

Financials in:	USD (mil)
Fiscal Year End:	31-Dec-2010
Reporting Currency:	Taiwanese New Dollar
Annual Sales:	253.6 ^1
Net Income:	22.9
Total Assets:	315.0 ^2
Market Value:	318.1
	(05-Aug-2011)

Business Description

Everlight Chemical Industrial Corp. is principally engaged in the manufacture and distribution of chemical products. The Company provides colorant chemicals, including dyes for textile products and leather products, liquid dyes, printing inks, disk dyes, paper dyes, metal surface colorants, timber dyes and edible pigments; specialty chemicals, including benzophenone light stabilizers, benzotriazole light stabilizers and cosmetic raw materials, among others; medical chemicals, including drug raw materials and medical intermediates, as well as electronic chemicals and nanometer materials. During the year ended December 31, 2009, the Company obtained approximately 68% and 18% of its total revenue from colorant chemicals and specialty chemicals, respectively. It distributes its products primarily in Asia, Europe and the Americas. For the fiscal year ended 31 December 2010, Everlight Chemical Industrial Corp.'s total revenue increased 23% to NT$7.99B. The Company's net income for the period totaled NT$722.3M, up from NT$318.2M. Total revenue reflects an increase in sales of the Company's products. Net income also benefited from increased interest income, increased gain on sale of fixed assets, decreased loss on foreign exchange.

Industry

Industry	Chemical Manufacturing
ANZSIC 2006:	1813 - Basic Inorganic Chemical Manufacturing
NACE 2002:	2413 - Manufacture of other inorganic basic chemicals
NAICS 2002:	325131 - Inorganic Dye and Pigment Manufacturing
UK SIC 2003:	2413 - Manufacture of other inorganic basic chemicals
US SIC 1987:	2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified

Key Executives

Name	Title
Guobin Weng	Head-Finance Division, Head-Finance & Accounting
Guangfeng Cai	Deputy General Manager
Ray An Tsai	Deputy General Manager
Jen-Cong Chang	Director-Finance & Accounting
Fang-Yun Lee	Vice President-Sales

Significant Developments

Topic	#*	Most Recent Headline	Date
Regulatory	1	Everlight Chemical Industrial Corp. Receives Fine	8-Apr-2011
Expansion / New Markets / New Units	1	Everlight Chemical Industrial Corp. Subsidiary to Set up Subsidiary	29-Mar-2011
Dividends	2	Everlight Chemical Industrial Corp. Announces FY 2010 Dividend Payment Date	23-Jun-2011

* number of significant developments within the last 12 months

News

Title	Date
TAIWAN SEMICONDUCTOR WINS SOCIAL RESPONSIBILITY AWARD Asia Pulse Businesswire (361 Words)	11-Aug-2011

Financial Summary

As of 31-Mar-2011

Key Ratios	Company	Industry
Current Ratio (MRQ)	1.71	2.18
Quick Ratio (MRQ)	0.88	1.35
Debt to Equity (MRQ)	0.39	0.82
Sales 5 Year Growth	8.55	6.26
Net Profit Margin (TTM) %	8.91	10.56
Return on Assets (TTM) %	7.66	8.26
Return on Equity (TTM) %	11.45	22.07

Stock Snapshot

Traded: Taiwan Stock Exchange: 1711

As of 5-Aug-2011

   Financials in: TWD

Recent Price	21.45	EPS	1.67
52 Week High	38.36	Price/Sales	1.15
52 Week Low	21.45	Dividend Rate	0.55
Avg. Volume (mil)	1.41	Price/Earnings	17.68
Market Value (mil)	9,205.87	Price/Book	1.58
		Beta	1.64

	Price % Change	Rel S&P 500%
4 Week	-13.89%	-4.06%
13 Week	-15.73%	-3.67%
52 Week	-20.95%	-20.11%
Year to Date	-24.98%	-14.28%

1 - Profit & Loss Item Exchange Rate: USD 1 = TWD 31.49704

2 - Balance Sheet Item Exchange Rate: USD 1 = TWD 29.1565

Corporate Overview

Location
5-6/Floor,No.77,Sec.2
Tun Hua South Road
Taipei, Taiwan

Tel:	886-2-27066006
Fax:	886-2-23263595

www.ecic.com

Quote Symbol - Exchange
1711 - Taiwan Stock Exchange
Sales TWD(mil):	7,988.2
Assets TWD(mil):	9,184.8
Employees:	1,468
Fiscal Year End:	31-Dec-2010

Industry:	Chemical Manufacturing

Incorporation Date:	07-Sep-1972
Company Type:	Public Parent
Quoted Status:	Quoted

Chairman of the Board:	Jianxin Chen

Company Web Links

· Company Contact/E-mail

· Corporate History/Profile

Financial Information

Home Page

News Releases

Products/Services

Contents · Industry Codes · Business Description · Brand/Trade Names · Financial Data

Market Data Subsidiaries Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
1899	-	Other Basic Chemical Product Manufacturing Not Elsewhere Classified
1813	-	Basic Inorganic Chemical Manufacturing
1841	-	Human Pharmaceutical and Medicinal Product Manufacturing

NACE 2002 Codes:
2413	-	Manufacture of other inorganic basic chemicals
2466	-	Manufacture of other chemical products not elsewhere classified
2441	-	Manufacture of basic pharmaceutical products

NAICS 2002 Codes:
325131	-	Inorganic Dye and Pigment Manufacturing
325411	-	Medicinal and Botanical Manufacturing
325998	-	All Other Miscellaneous Chemical Product and Preparation Manufacturing

US SIC 1987:
2899	-	Chemicals and Chemical Preparations, Not Elsewhere Classified
2833	-	Medicinal Chemicals and Botanical Products
2819	-	Industrial Inorganic Chemicals, Not Elsewhere Classified

UK SIC 2003:
2466	-	Manufacture of other chemical products not elsewhere classified
2441	-	Manufacture of basic pharmaceutical products
2413	-	Manufacture of other inorganic basic chemicals

Business Description

Everlight Chemical Industrial Corp. is principally engaged in the manufacture and distribution of chemical products. The Company provides colorant chemicals, including dyes for textile products and leather products, liquid dyes, printing inks, disk dyes, paper dyes, metal surface colorants, timber dyes and edible pigments; specialty chemicals, including benzophenone light stabilizers, benzotriazole light stabilizers and cosmetic raw materials, among others; medical chemicals, including drug raw materials and medical intermediates, as well as electronic chemicals and nanometer materials. During the year ended December 31, 2009, the Company obtained approximately 68% and 18% of its total revenue from colorant chemicals and specialty chemicals, respectively. It distributes its products primarily in Asia, Europe and the Americas. For the fiscal year ended 31 December 2010, Everlight Chemical Industrial Corp.'s total revenue increased 23% to NT$7.99B. The Company's net income for the period totaled NT$722.3M, up from NT$318.2M. Total revenue reflects an increase in sales of the Company's products. Net income also benefited from increased interest income, increased gain on sale of fixed assets, decreased loss on foreign exchange.

More Business Descriptions

Manufacture of dyestuffs and fine chemicals

All Other Chemical Product and Preparation Manufacturing

Brand/Trade Names

EVERLIGHT

Financial Data

Financials in:	TWD(mil)
Revenue:	7,988.2
Net Income:	722.3
Assets:	9,184.8
Long Term Debt:	200.0
Total Liabilities:	3,356.4
Working Capital:	0.7
Date of Financial Data:	31-Dec-2010

1 Year Growth

23.2%

127.0%

10.6%

Market Data

Quote Symbol:	1711
Exchange:	Taiwan Stock Exchange
Currency:	TWD
Stock Price:	21.5
Stock Price Date:	08-05-2011
52 Week Price Change %:	-21.0
Market Value (mil):	9,205,872.0
SEDOL:	6324618
ISIN:	TW0001711000
Equity and Dept Distribution:
7/01, 1.03-for-1 stock split. 07/31/02 1.1536% Stock Dividend FY '01 fins. CLA. FY'09 Q3 financial's are being CLA. 07/2011, 10% Stock Dividend.

Subsidiaries

Company	Percentage Owned	Country
Ethical International Warehousing Trading (Shanghai) Co Ltd	100%	PEOPLE'S REPUBLIC OF CHINA
Everlight (Suzhou) Advanced Chemical Ltd	100%	PEOPLE'S REPUBLIC OF CHINA
Elite Foreign Trading Incorporation	50%	TURKEY
Everlight (Hong Kong) Ltd	100%	HONG KONG SAR
Everlight Chemicals (Singapore) Pte Ltd	100%	SINGAPORE
Everlight Europe B.V.	100%	NETHERLANDS
Everlight USA Inc	100%	USA
Suzhou Liyi Cosmetic Co Ltd	50%	PEOPLE'S REPUBLIC OF CHINA
Shanghai Everlight Trading Co Ltd	100%	PEOPLE'S REPUBLIC OF CHINA
Qingdao Ethical Trading Co Ltd	100%	PEOPLE'S REPUBLIC OF CHINA
Guangzhou Ethical Trading Co Ltd	100%	PEOPLE'S REPUBLIC OF CHINA
Anda Semiconductor Technology (Suzhou) Co Ltd	56%	PEOPLE'S REPUBLIC OF CHINA

Key Corporate Relationships

Auditor:	KPMG LLP
Auditor:	KPMG, KPMG LLP

Corporate Structure News

.

Everlight Chemical Industrial Corp.
Total Corporate Family Members: 2

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Everlight Chemical Industrial Corp.	Parent	Taipei	Taiwan	Chemical Manufacturing	253.6	1,468
Trend Tone Imaging Inc	Subsidiary	Hsinchu City, Hsinchu City	Taiwan	Chemical Manufacturing		97

Executives Report

Board of Directors

Name	Title	Function
Jianxin Chen	Chairman of the Board	Chairman
Chen Jianxin has been Chairman of the Board in Everlight Chemical Industrial Corp. since June 12, 2009. Chen used to serve as Assistant to the Chairman of the Board in the Company. Chen is also Chairman of the Board in seven other companies and Director in two other companies. Chen holds a Master's degree in Public Health from Harvard University, the United States. Education M Public Health, Harvard University
Chien Hsin Chen	Chairman	Chairman
Chian-Hsin Chen	Vice Chairman	Vice-Chairman
Weiwang Chen	General Manager, Director	Director/Board Member
Chen Weiwang has been General Manager and Director in Everlight Chemical Industrial Corp. since January 1, 2001. Chen is also Chairman of the Board in a Suzhou-based company and Director in seven other companies. Chen holds a Ph.D. in Industrial Engineering from University of Michigan, the United States. Education PHD Industrial Engineering, University of Michigan
Dingchuan Chen	Director	Director/Board Member
Chen Dingchuan has been Director in Everlight Chemical Industrial Corp. since June 12, 2009. Chen is also Director of another company.
Chan Ming Chen	Director	Director/Board Member
Shou-Hsiung Chu	Director	Director/Board Member
Hongde Lu	Outside Director	Director/Board Member
Lv Hongde has been Outside Director in Everlight Chemical Industrial Corp. since May 18, 2001. Lv is also Independent Director in AIPTEK International Inc., Firich Enterprises Co., Ltd. and Lanner Electronics Inc. Lv holds a Ph.D. in Business from National Taiwan University, Taiwan. Education PHD Business, National Taiwan University
Degang Zhou	Deputy General Manager, Director	Director/Board Member
Reuters Biography (Everlight Chemical Industrial Corp.) Zhou Degang has been Deputy General Manager and Director in Everlight Chemical Industrial Corp. since June 12, 2009. Zhou became Deputy General Manager of the Company on January 1, 2005. Zhou holds a Ph.D. in Chemistry from State University of New York, the United States. Education PHD Chemistry, State University of New York
Shen'an Zhou	Outside Director	Director/Board Member
Zhou Shen'an has been Outside Director in Everlight Chemical Industrial Corp. since September 6, 2001. Zhou is also Chairman of the Board in another company, Independent Director in a technology company and Director in a electronics company. Zhou holds a Master's degree in Agricultural Mechanics from University of Tokyo, Japan. Education M Agricultural Mechanism and Manufacturing, University of Tokyo B Agricultural Engineering, National Taiwan University

Executives

Name	Title	Function
Weiwang Chen	General Manager, Director	Division Head Executive
Chen Weiwang has been General Manager and Director in Everlight Chemical Industrial Corp. since January 1, 2001. Chen is also Chairman of the Board in a Suzhou-based company and Director in seven other companies. Chen holds a Ph.D. in Industrial Engineering from University of Michigan, the United States. Education PHD Industrial Engineering, University of Michigan
Ray An Tsai	Deputy General Manager	Division Head Executive
Guobin Weng	Head-Finance Division, Head-Finance & Accounting	Division Head Executive
Weng Guobin has been Head-Finance Division and Head-Finance & Accounting in Everlight Chemical Industrial Corp. since January 1, 2010. Weng used to be Head of Finance & Accounting, Accounting Manager in the Company. Weng is also Director in four other companies.
Rong-Tai Chuang	Vice President-Administration	Administration Executive
Ying-Tshi Chang	Vice President-Finance	Finance Executive
Jen-Cong Chang	Director-Finance & Accounting	Finance Executive
Fang-Yun Lee	Vice President-Sales	Sales Executive
Rui-An Tsai	Vice President-Communications	Corporate Communications Executive
Rui'an Cai	Deputy General Manager	Other
Cai Rui'an has been Deputy General Manager in Everlight Chemical Industrial Corp. since January 1, 2004. Cai is also Director in two other companies.
Guangfeng Cai	Deputy General Manager	Other
Cai Guangfeng has been Deputy General Manager in Everlight Chemical Industrial Corp. since January 1, 2010. Cai holds a Master's degree in Chemical Engineering from University of Southern California, the United States. Cai is also Director in three other companies. Education M Chemical Engineering, University of Southern California
Chongguang Chen	Deputy General Manager	Other
Yongheng Huang	Deputy General Manager	Other
Fangyun Li	Deputy General Manager	Other
Mingzhi Liao	Deputy General Manager	Other
Baotai Yang	Deputy General Manager	Other
Yang Baotai has been serving as Deputy General Manager in Everlight Chemical Industrial Corp since April 1, 2010. Yang is also serving as General Manager and Director in another company.

Everlight Chemical Industrial Corp.

Significant Developments

Everlight Chemical Industrial Corp. Announces FY 2010 Dividend Payment Date

Jun 23, 2011

Everlight Chemical Industrial Corp. announced that it will pay a cash dividend of NTD 0.6 per share, and distribute stock dividends worth NTD 1 per share, to shareholders of record on July 18, 2011. The Company's shares will be traded ex-dividend on July 12, 2011.

Everlight Chemical Industrial Corp. Receives Fine

Apr 08, 2011

Everlight Chemical Industrial Corp. announced that it was imposed a fine of USD 270,000 to NTD 480,000 by Taoyuan County Government Environmental Protection Bureau, due to the Company's violation of Water Pollution Control Act.

Everlight Chemical Industrial Corp. Subsidiary to Set up Subsidiary

Mar 29, 2011

Everlight Chemical Industrial Corp. announced that the Company's subsidiary, a Suzhou-based semiconductor technology company, will set up its wholly owned subsidiary, a Shanghai-based international trade company.

Everlight Chemical Industrial Corp. Announces FY 2010 Dividend Payment

Mar 29, 2011

Everlight Chemical Industrial Corp. announced that it will pay a cash dividend of NTD 234,097,200 (NTD 600 per 1,000 shares), and distribute 100 new shares for every 1,000 shares as stock dividends, which are worth NTD 390,162,000, to shareholders for fiscal year 2010.

TAIWAN SEMICONDUCTOR WINS SOCIAL RESPONSIBILITY AWARD

Asia Pulse Businesswire: 11 August 2011
[What follows is the full text of the news story.]

TAIPEI, Aug 11Asia Pulse - The Chinese-language Common Wealth Magazine has rewarded Taiwan Semiconductor (TSMC, TAIEX:2330) for its outstanding effort in social responsibility on Wednesday.

The publication has awarded Excellence in Corporate Social Responsibility awards for five consecutive years. The award judges companies based on four criteria -- corporate governance, corporate commitment, social engagement and environmental protection.

TSMC won first place in the large enterprise group with an average of 8.68 out of a full score of 10 points, beating out Lite-On Technology, Delta Electronics (TAIEX:2308), and Chunghwa Telecom (TAIEX:2412).

Fifth place went to Sinyi Realty Inc. (TAIEX:9940), which won first place among medium-sized companies last year, but was upgraded to the large enterprise group this time around because its revenues topped NT$10 billion (US$346 million).

Fubon Financial (TAIEX:2881) and Chinatrust Financial Holding (TAIEX:2891) are the only local companies in the finance industry to make it to the top 10.

Meanwhile, among medium-sized companies, Planet Technology Corporation beat runners-up TXC Corporation (TAIEX:3042), Everlight Chemical Industrial (TAIEX:1711), Hiwin Technologies and AverMedia (TAIEX:2417).

According to the magazine, Planet Technology Corp. set up a foundation dedicated to social responsibility, and increased the ratio of its employees taking part in such activities to 67 per cent.

Banking companies did well in the foreign enterprises group, winning the top three places with Citibank Taiwan Ltd. topping the list, followed by HSBC Bank (Taiwan) Limited and Standard Chartered Bank (Taiwan) Limited.

In the foreign enterprises group, the selection was focused on their influence and the contributions they made to the country, it said.

Intel Taiwan, which came in at No. 4, won recognition for contributing to science education among local teenage students. Epson Taiwan Technology & Trading Limited, which took the No. 5 spot, provided free consulting services to 15 enterprises on energy-saving methods. 70 per cent of their recommended measures did not cost a single dime.

The winners were chosen after a three-stage review. Selections were made between May 23 and July 20 by a 14-member panel comprised of prestigious members from social welfare organizations, the education sector, the government, and business.

(CNA) ms

11-08 1327

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Gross Revenue	254.7	197.1	225.9	210.0	179.8
Sales Returns and Allowances	-1.1	-0.8	-1.3	-0.8	-1.0
Revenue	253.6	196.3	224.5	209.1	178.8
Total Revenue	253.6	196.3	224.5	209.1	178.8
Cost of Revenue	188.9	155.6	184.6	171.6	140.3
Cost of Revenue, Total	188.9	155.6	184.6	171.6	140.3
Gross Profit	64.7	40.7	39.9	37.5	38.6
Selling/General/Administrative Expense	30.2	24.7	28.2	28.2	25.1
Total Selling/General/Administrative Expenses	30.2	24.7	28.2	28.2	25.1
Research & Development	8.4	6.3	7.0	6.7	6.9
Impairment-Assets Held for Use	-	-	-	-	0.0
Unusual Expense (Income)	-	-	-	-	0.0
Total Operating Expense	227.5	186.6	219.7	206.5	172.2
Operating Income	26.2	9.7	4.8	2.6	6.6
Interest Expense - Non-Operating	-1.2	-1.7	-3.4	-2.8	-2.4
Interest Expense, Net Non-Operating	-1.2	-1.7	-3.4	-2.8	-2.4
Interest Income - Non-Operating	0.1	0.1	0.2	0.2	0.2
Investment Income - Non-Operating	1.7	2.6	1.9	4.4	1.7
Interest/Investment Income - Non-Operating	1.8	2.6	2.1	4.6	1.9
Interest Income (Expense) - Net Non-Operating Total	0.6	1.0	-1.2	1.9	-0.5
Gain (Loss) on Sale of Assets	0.0	0.0	0.0	-0.1	-0.1
Other Non-Operating Income (Expense)	2.0	1.2	1.2	0.8	1.0
Other, Net	2.0	1.2	1.2	0.8	1.0
Income Before Tax	28.8	11.8	4.8	5.2	7.1
Total Income Tax	5.0	1.8	2.0	1.9	2.8
Income After Tax	23.8	10.0	2.9	3.3	4.3
Minority Interest	-0.9	-0.4	0.0	0.1	-0.5
Net Income Before Extraord Items	22.9	9.6	2.9	3.3	3.8
Net Income	22.9	9.6	2.9	3.3	3.8
Income Available to Common Excl Extraord Items	22.9	9.6	2.9	3.3	3.8
Income Available to Common Incl Extraord Items	22.9	9.6	2.9	3.3	3.8
Basic/Primary Weighted Average Shares	429.2	427.5	426.2	421.8	413.8
Basic EPS Excl Extraord Items	0.05	0.02	0.01	0.01	0.01
Basic/Primary EPS Incl Extraord Items	0.05	0.02	0.01	0.01	0.01
Dilution Adjustment	0.0	0.0	0.0	-	-
Diluted Net Income	22.9	9.6	2.9	3.3	3.8
Diluted Weighted Average Shares	433.8	430.8	427.1	428.5	421.6
Diluted EPS Excl Extraord Items	0.05	0.02	0.01	0.01	0.01
Diluted EPS Incl Extraord Items	0.05	0.02	0.01	0.01	0.01
Dividends per Share - Common Stock Primary Issue	0.02	0.02	0.00	0.01	0.01
Gross Dividends - Common Stock	7.4	8.3	0.0	3.5	3.4
Interest Expense, Supplemental	1.2	1.7	3.4	2.8	2.4
Interest Capitalized, Supplemental	-0.1	0.0	-0.1	-0.1	-0.2
Depreciation, Supplemental	11.0	11.3	13.2	13.5	14.8
Total Special Items	0.0	0.0	0.0	0.1	0.1
Normalized Income Before Tax	28.8	11.8	4.8	5.4	7.2
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	5.0	1.8	2.0	2.0	2.9
Normalized Income After Tax	23.8	10.0	2.8	3.4	4.3
Normalized Inc. Avail to Com.	22.9	9.6	2.9	3.4	3.8
Basic Normalized EPS	0.05	0.02	0.01	0.01	0.01
Diluted Normalized EPS	0.05	0.02	0.01	0.01	0.01
Amort of Intangibles, Supplemental	0.1	0.2	0.2	0.0	0.6
Research & Development Exp, Supplemental	8.4	6.3	7.0	6.7	6.9
Normalized EBIT	26.2	9.7	4.8	2.6	6.6
Normalized EBITDA	37.3	21.1	18.2	16.2	22.0
Current Tax - Total	3.2	1.2	1.3	1.1	1.2
Current Tax - Total	3.2	1.2	1.3	1.1	1.2
Deferred Tax - Total	1.8	0.5	0.7	0.9	1.7
Deferred Tax - Total	1.8	0.5	0.7	0.9	1.7
Income Tax - Total	5.0	1.8	2.0	1.9	2.8
Interest Cost - Domestic	0.3	0.5	0.5	0.4	0.5
Service Cost - Domestic	0.5	0.6	0.7	0.7	0.7
Expected Return on Assets - Domestic	-0.2	-0.1	-0.6	-0.4	-0.3
Transition Costs - Domestic	0.0	-0.4	0.2	0.1	-0.2
Domestic Pension Plan Expense	0.6	1.0	0.5	0.8	0.9
Total Pension Expense	0.6	1.0	0.5	0.8	0.9
Discount Rate - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Expected Rate of Return - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Compensation Rate - Domestic	1.50%	1.27%	0.05%	0.05%	1.00%
Total Plan Interest Cost	0.3	0.5	0.5	0.4	0.5
Total Plan Service Cost	0.5	0.6	0.7	0.7	0.7
Total Plan Expected Return	-0.2	-0.1	-0.6	-0.4	-0.3

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Cash & Equivalents	29.9	21.3	18.8	17.7	17.0
Short Term Investments	6.6	8.7	4.7	1.2	1.1
Cash and Short Term Investments	36.5	30.0	23.5	18.9	18.1
Accounts Receivable - Trade, Gross	40.4	40.6	34.2	42.8	33.5
Provision for Doubtful Accounts	-0.6	-0.6	-0.5	-0.8	-0.6
Trade Accounts Receivable - Net	39.7	40.0	33.8	41.9	32.9
Notes Receivable - Short Term	7.9	6.6	7.7	7.6	5.8
Total Receivables, Net	47.6	46.6	41.5	49.5	38.7
Inventories - Finished Goods	45.0	37.9	49.5	46.5	42.6
Inventories - Work In Progress	14.9	10.9	10.5	11.9	10.3
Inventories - Raw Materials	22.4	11.9	24.2	19.9	18.5
Inventories - Other	7.2	5.1	1.3	0.1	1.4
Total Inventory	89.6	65.7	85.5	78.5	72.8
Other Current Assets	4.4	4.0	2.7	4.2	3.2
Other Current Assets, Total	4.4	4.0	2.7	4.2	3.2
Total Current Assets	178.1	146.4	153.2	151.1	132.8
Buildings	86.4	78.8	73.4	72.9	66.6
Land/Improvements	20.0	18.2	17.8	18.2	18.1
Machinery/Equipment	207.4	183.7	173.3	168.0	160.6
Construction in Progress	14.4	1.5	4.6	3.9	5.2
Property/Plant/Equipment - Gross	328.2	282.2	269.0	263.1	250.5
Accumulated Depreciation	-214.3	-188.0	-173.3	-164.4	-151.5
Property/Plant/Equipment - Net	113.8	94.2	95.7	98.6	98.9
Intangibles, Net	0.9	0.9	0.9	0.9	0.8
LT Investment - Affiliate Companies	10.0	8.9	8.5	6.9	5.8
LT Investments - Other	11.0	8.0	5.1	3.0	3.8
Long Term Investments	21.1	16.9	13.6	9.8	9.7
Deferred Charges	-	-	-	-	0.8
Pension Benefits - Overfunded	0.4	0.3	0.2	0.3	0.4
Deferred Income Tax - Long Term Asset	0.1	0.4	0.6	0.8	2.1
Restricted Cash - Long Term	0.1	-	-	-	-
Other Long Term Assets	0.5	0.4	0.8	0.7	-
Other Long Term Assets, Total	1.1	1.2	1.7	1.8	3.2
Total Assets	315.0	259.6	265.0	262.3	245.5
Accounts Payable	12.9	15.5	4.0	7.7	7.1
Accrued Expenses	13.7	8.6	6.3	7.1	5.6
Notes Payable/Short Term Debt	60.9	39.0	65.8	64.0	64.8
Current Portion - Long Term Debt/Capital Leases	1.4	0.0	3.0	0.7	0.7
Income Taxes Payable	2.9	1.4	0.7	0.5	0.9
Other Payables	1.0	0.3	0.2	0.4	0.4
Other Current Liabilities	1.1	1.0	1.0	1.6	1.1
Other Current liabilities, Total	5.0	2.7	1.9	2.6	2.4
Total Current Liabilities	93.8	65.8	81.1	82.2	80.7
Long Term Debt	6.9	12.5	18.3	13.9	0.7
Total Long Term Debt	6.9	12.5	18.3	13.9	0.7
Total Debt	69.1	51.5	87.2	78.7	66.2
Deferred Income Tax - LT Liability	1.2	-	-	-	-
Deferred Income Tax	1.2	-	-	-	-
Minority Interest	8.2	7.3	6.6	7.2	8.0
Pension Benefits - Underfunded	5.0	2.6	0.6	1.0	1.3
Other Liabilities, Total	5.0	2.6	0.6	1.0	1.3
Total Liabilities	115.1	88.3	106.7	104.2	90.7
Common Stock	133.8	121.9	118.3	118.6	116.1
Common Stock	133.8	121.9	118.3	118.6	116.1
Additional Paid-In Capital	17.8	16.2	15.2	14.6	14.5
Retained Earnings (Accumulated Deficit)	47.6	29.3	21.3	22.5	22.9
Unrealized Gain (Loss)	4.0	2.2	-0.7	-0.1	-0.2
Translation Adjustment	1.2	3.6	4.4	2.5	1.6
Other Equity	0.0	0.1	-	0.0	0.2
Minimum Pension Liability Adjustment	-4.6	-2.1	-0.2	0.0	-0.2
Other Equity, Total	-3.4	1.6	4.2	2.5	1.5
Total Equity	199.9	171.3	158.4	158.1	154.8
Total Liabilities & Shareholders’ Equity	315.0	259.6	265.0	262.3	245.5
Shares Outstanding - Common Stock Primary Issue	429.2	428.9	427.2	416.0	416.0
Total Common Shares Outstanding	429.2	428.9	427.2	416.0	416.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	1,468	1,394	1,423	1,432	1,381
Number of Common Shareholders	-	27,010	28,772	23,569	25,881
Total Long Term Debt, Supplemental	8.2	12.5	21.3	14.6	2.2
Long Term Debt Maturing within 1 Year	1.4	3.1	3.0	0.7	0.7
Long Term Debt Maturing in Year 2	6.9	3.1	6.1	0.0	0.7
Long Term Debt Maturing in Year 3	-	6.3	6.1	4.6	0.7
Long Term Debt Maturing in Year 4	-	-	6.1	6.2	-
Long Term Debt Maturing in Year 5	-	-	-	3.1	-
Long Term Debt Maturing in 2-3 Years	6.9	9.4	12.2	4.6	1.5
Long Term Debt Maturing in 4-5 Years	-	-	6.1	9.2	-
Long Term Debt Matur. in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0
Total Operating Leases, Supplemental	2.6	-	-	-	-
Operating Lease Payments Due in Year 1	0.2	-	-	-	-
Operating Lease Payments Due in Year 2	0.2	-	-	-	-
Operating Lease Payments Due in Year 3	0.2	-	-	-	-
Operating Lease Payments Due in Year 4	0.2	-	-	-	-
Operating Lease Payments Due in Year 5	0.2	-	-	-	-
Operating Lease Payments Due in Year 6	0.2	-	-	-	-
Operating Lease Payments Due in Year 7	0.2	-	-	-	-
Operating Lease Payments Due in Year 8	0.2	-	-	-	-
Operating Lease Payments Due in Year 9	0.2	-	-	-	-
Operating Lease Payments Due in Year 10	0.2	-	-	-	-
Operating Lease Pymts. Due in 2-3 Years	0.3	-	-	-	-
Operating Lease Pymts. Due in 4-5 Years	0.3	-	-	-	-
Oper. Lse. Pymts. Due in Year 6 & Beyond	1.7	-	-	-	-
Pension Obligation - Domestic	22.6	15.1	16.8	17.6	18.0
Plan Assets - Domestic	13.2	11.3	15.0	15.6	14.3
Funded Status - Domestic	-9.4	-3.8	-1.9	-2.0	-3.7
Accumulated Obligation - Domestic	18.2	13.9	15.6	16.4	-15.7
Total Funded Status	-9.4	-3.8	-1.9	-2.0	-3.7
Discount Rate - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Expected Rate of Return - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Compensation Rate - Domestic	1.50%	1.27%	0.05%	0.05%	1.00%
Prepaid Benefits - Domestic	0.4	0.3	-	-	-
Accrued Liabilities - Domestic	-5.0	-2.6	-0.6	-1.0	-1.3
Total Plan Obligations	22.6	15.1	16.8	17.6	18.0
Total Plan Assets	13.2	11.3	15.0	15.6	14.3

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	23.8	10.0	2.9	3.3	4.3
Depreciation	11.0	11.3	13.2	13.5	14.8
Depreciation/Depletion	11.0	11.3	13.2	13.5	14.8
Amortization of Intangibles	0.1	0.2	0.2	0.1	0.6
Amortization	0.1	0.2	0.2	0.1	0.6
Deferred Taxes	1.8	0.5	0.7	0.9	1.7
Unusual Items	0.0	-1.9	-0.6	-2.8	-0.3
Equity in Net Earnings (Loss)	-1.5	-1.5	-1.8	-0.5	0.2
Other Non-Cash Items	1.6	2.5	1.5	1.2	0.2
Non-Cash Items	0.1	-1.0	-0.9	-2.2	0.1
Accounts Receivable	3.2	-3.4	6.3	-11.0	-2.0
Inventories	-16.4	21.2	-8.5	-5.4	-11.4
Other Assets	-0.7	-0.7	0.5	-0.6	-0.2
Accounts Payable	-3.8	11.1	-3.7	0.5	-1.5
Accrued Expenses	3.8	2.0	-1.2	1.5	-0.2
Taxes Payable	1.3	0.6	0.2	-0.4	0.7
Other Liabilities	1.1	1.4	-1.6	0.4	-2.9
Changes in Working Capital	-11.5	32.1	-8.0	-14.9	-17.5
Cash from Operating Activities	25.3	53.2	8.1	0.7	3.9
Purchase of Fixed Assets	-21.0	-7.5	-11.2	-12.7	-11.9
Purchase/Acquisition of Intangibles	-	-	-	0.0	-0.8
Capital Expenditures	-21.0	-7.5	-11.2	-12.7	-12.7
Sale of Fixed Assets	0.1	0.0	0.3	0.0	0.1
Sale/Maturity of Investment	10.5	21.1	-2.5	3.8	0.8
Investment, Net	-0.6	0.1	0.1	-0.1	0.0
Purchase of Investments	-7.6	-24.5	-1.9	-0.3	-6.0
Other Investing Cash Flow	-0.1	0.2	-0.3	0.0	-0.2
Other Investing Cash Flow Items, Total	2.3	-3.0	-4.3	3.4	-5.3
Cash from Investing Activities	-18.7	-10.6	-15.5	-9.3	-18.0
Other Financing Cash Flow	-0.4	-0.1	-0.8	-1.5	-0.3
Financing Cash Flow Items	-0.4	-0.1	-0.8	-1.5	-0.3
Cash Dividends Paid - Common	-8.7	-2.4	-3.7	-3.5	-5.8
Total Cash Dividends Paid	-8.7	-2.4	-3.7	-3.5	-5.8
Options Exercised	0.0	0.6	1.2	1.8	0.9
Issuance (Retirement) of Stock, Net	0.0	0.6	1.2	1.8	0.9
Short Term Debt, Net	15.7	-29.3	3.6	-0.9	22.5
Long Term Debt Issued	-	-	7.9	13.7	-
Long Term Debt Reduction	-5.1	-9.1	-0.8	-0.7	-1.1
Long Term Debt, Net	-5.1	-9.1	7.2	13.0	-1.1
Issuance (Retirement) of Debt, Net	10.6	-38.4	10.7	12.0	21.4
Cash from Financing Activities	1.5	-40.2	7.4	8.9	16.3
Foreign Exchange Effects	-2.1	-0.3	1.3	0.5	0.1
Net Change in Cash	6.0	2.0	1.3	0.7	2.2
Net Cash - Beginning Balance	21.7	18.7	18.2	16.8	14.8
Net Cash - Ending Balance	27.7	20.7	19.6	17.5	17.0
Cash Interest Paid	1.1	1.9	3.4	2.8	2.2
Cash Taxes Paid	1.8	0.6	1.2	1.4	0.4

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Gross Sales	254.7	197.1	225.9	210.0	179.8
Sales Returns & Discounts	-1.1	-0.8	-1.3	-0.8	-1.0
Total Revenue	253.6	196.3	224.5	209.1	178.8
Cost of Sales	188.9	155.6	184.1	171.5	140.1
Selling Expense	17.7	13.6	17.0	17.5	14.5
General and Administrative Expenses	12.5	11.1	11.2	10.6	10.6
Research and Development Expenses	8.4	6.3	7.0	6.7	6.9
Gain on Phyiscal Inventory	-	-	0.0	0.0	0.0
Loss on Physical Inventory	-	-	0.4	-	0.0
Inventory Devaluation & Obsolescence	-	-	0.2	0.1	0.1
Impairment Loss	-	-	-	-	0.0
Total Operating Expense	227.5	186.6	219.7	206.5	172.2
Interest Income	0.1	0.1	0.2	0.2	0.2
Gain on Equity Investment	1.5	1.5	1.8	1.5	0.1
Dividend Income	0.1	0.1	0.0	0.1	0.1
Gain on Sale of Fixed Assets	0.0	0.0	0.1	0.0	0.0
Gain on Sale of Investments	0.0	1.9	0.5	3.0	0.4
Gain on Financial Assets Revaluation	0.0	0.0	0.0	0.0	0.0
Revaluation Gain on Fin. Liabilities	0.1	0.0	-	-	-
Miscellaneous Income	2.1	1.3	1.6	1.0	1.1
Interest Expense	-1.2	-1.7	-3.4	-2.8	-2.4
Loss on Other Investments	0.0	-0.2	-0.2	-1.0	-0.2
Loss on Sale of Fixed Assets	-0.1	0.0	-0.1	-0.1	-0.1
Gain/Loss on Foreign Exchange	-0.1	-0.5	-0.2	0.9	1.3
Loss on Financial Liab. Revaluation	0.0	-0.2	-0.1	-	-
Miscellaneous Disbursements	-0.1	-0.1	-0.3	-0.1	-0.1
Net Income Before Taxes	28.8	11.8	4.8	5.2	7.1
Provision for Income Taxes	5.0	1.8	2.0	1.9	2.8
Net Income After Taxes	23.8	10.0	2.9	3.3	4.3
Minority Interest	-0.9	-0.4	0.0	0.1	-0.5
Net Income Before Extra. Items	22.9	9.6	2.9	3.3	3.8
Net Income	22.9	9.6	2.9	3.3	3.8
Income Available to Com Excl ExtraOrd	22.9	9.6	2.9	3.3	3.8
Income Available to Com Incl ExtraOrd	22.9	9.6	2.9	3.3	3.8
Basic Weighted Average Shares	429.2	427.5	426.2	421.8	413.8
Basic EPS Excluding ExtraOrdinary Items	0.05	0.02	0.01	0.01	0.01
Basic EPS Including ExtraOrdinary Item	0.05	0.02	0.01	0.01	0.01
Dilution Adjustment	0.0	0.0	0.0	-	-
Diluted Net Income	22.9	9.6	2.9	3.3	3.8
Diluted Weighted Average Shares	433.8	430.8	427.1	428.5	421.6
Diluted EPS Excluding ExtraOrd Items	0.05	0.02	0.01	0.01	0.01
Diluted EPS Including ExtraOrd Items	0.05	0.02	0.01	0.01	0.01
DPS-Common Stock	0.02	0.02	0.00	0.01	0.01
Gross Dividends - Common Stock	7.4	8.3	0.0	3.5	3.4
Normalized Income Before Taxes	28.8	11.8	4.8	5.4	7.2
Inc Tax Ex Impact of Sp Items	5.0	1.8	2.0	2.0	2.9
Normalized Income After Taxes	23.8	10.0	2.8	3.4	4.3
Normalized Inc. Avail to Com.	22.9	9.6	2.9	3.4	3.8
Basic Normalized EPS	0.05	0.02	0.01	0.01	0.01
Diluted Normalized EPS	0.05	0.02	0.01	0.01	0.01
R&D Expense, Supplemental	8.4	6.3	7.0	6.7	6.9
Interest Expense, Supplemental	1.2	1.7	3.4	2.8	2.4
Interest Capitalized	-0.1	0.0	-0.1	-0.1	-0.2
Depreciation-Operating Cost	9.5	9.8	11.6	11.9	13.1
Depreciation-Operating Exp.	1.5	1.4	1.6	1.6	1.7
Amortization- Operating Cost	0.0	0.0	0.0	0.0	0.0
Amortization-Operating Exp.	0.1	0.2	0.2	0.0	0.5
Current Tax	3.2	1.2	1.3	1.1	1.2
Current Tax - Total	3.2	1.2	1.3	1.1	1.2
Deferred Tax	1.8	0.5	0.7	0.9	1.7
Deferred Tax - Total	1.8	0.5	0.7	0.9	1.7
Income Tax - Total	5.0	1.8	2.0	1.9	2.8
Service Cost	0.5	0.6	0.7	0.7	0.7
Interest Cost	0.3	0.5	0.5	0.4	0.5
Expected Return on Plan Assets	-0.2	-0.1	-0.6	-0.4	-0.3
Amortization of Unrecognized Cost	0.0	-0.4	0.2	0.1	-0.2
Domestic Pension Plan Expense	0.6	1.0	0.5	0.8	0.9
Total Pension Expense	0.6	1.0	0.5	0.8	0.9
Discount Rate	1.75%	2.25%	2.75%	2.75%	2.50%
Rate of Compensation Increase	1.50%	1.27%	0.05%	0.05%	1.00%
Expected Rate of Return on Plan Assets	1.75%	2.25%	2.75%	2.75%	2.50%

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Cash and Cash Equivalent	29.9	21.3	18.8	17.7	17.0
Financial Assets at Fair Value	5.2	7.8	3.0	-	-
Financial Assets-Available for Sale	0.2	0.0	-	-	-
Note Receivable	7.9	6.6	7.7	7.6	5.8
Accounts Receivable, Gross	40.4	40.6	34.2	42.8	33.5
Provision for Doubtful Accounts	-0.6	-0.6	-0.5	-0.8	-0.6
Other Financial Assets - Current	1.2	0.9	1.6	1.2	1.1
Raw Materials	21.7	11.5	23.8	19.5	18.2
Supplies	0.8	0.5	0.5	0.4	0.4
Work-in-Process	14.9	10.9	10.5	11.9	10.3
Finished Goods	45.0	37.9	49.5	46.5	42.6
Inventory in Transit	7.2	5.1	2.1	0.7	1.9
Materials Receivable	-	-	-	-	0.0
Provision for Inventory	-	-	-0.8	-0.6	-0.4
Other Current Assets	4.4	4.0	2.7	4.2	3.2
Total Current Assets	178.1	146.4	153.2	151.1	132.8
Financial Assets for Trading- Non-Curren	6.5	4.4	1.0	0.3	0.8
Financial Assets At Cost- Non-Current	3.8	3.5	2.4	2.3	2.9
Long Term Equity Investment	10.0	8.9	8.5	6.9	5.8
Other Financial Assets - Non-Current	0.7	0.1	1.7	0.4	0.1
Land	20.0	18.2	17.8	18.2	18.1
Buildings	86.4	78.8	73.4	72.9	66.6
Machinery and Equipment	189.4	167.3	158.9	154.1	147.5
Operating Equipment	9.6	8.1	8.1	7.8	7.4
Other Equipment	8.5	8.2	6.2	6.1	5.8
Accumulated Depreciation	-213.6	-187.4	-172.7	-163.8	-150.9
Provision for Impairment of Fixed Assets	-0.7	-0.6	-0.6	-0.6	-0.6
Construction in Progress	6.6	0.5	2.4	0.3	2.0
Prepayment for Equipment	7.8	1.0	2.2	3.6	3.1
Deferred Pension Cost	0.4	0.3	0.2	0.3	0.4
Land Use Right	0.9	0.9	0.9	0.9	0.8
Deferred Charge	-	-	-	-	0.8
Deferred Income Tax Assets - Non Current	0.1	0.4	0.6	0.8	2.1
Restricted Assets	0.1	-	-	-	-
Other Long Term Assets	0.5	0.4	0.8	0.7	-
Total Assets	315.0	259.6	265.0	262.3	245.5
Short Term Borrowings	53.5	32.7	58.3	54.6	53.8
Short Term Notes & Bills Payable	1.0	1.6	4.5	5.5	7.0
Financial Liabilities at Fair Value	0.2	0.3	0.1	-	-
Notes Payable	6.1	4.4	2.9	3.9	4.0
Accounts Payable	12.9	15.5	4.0	7.7	7.1
Tax Payable	2.9	1.4	0.7	0.5	0.9
Accrued Expenses	13.7	8.6	6.3	7.1	5.6
Construction Payable	1.0	0.3	0.1	0.4	0.4
Current Portion of Long Term Debt	1.4	0.0	3.0	0.7	0.7
Other Payable	-	0.0	0.1	-	-
Other Current Liabilities	1.1	1.0	1.0	1.6	1.1
Total Current Liabilities	93.8	65.8	81.1	82.2	80.7
Long Term Borrowings	6.9	12.5	18.3	13.9	0.7
Total Long Term Debt	6.9	12.5	18.3	13.9	0.7
Accrued Pension Liabilities	5.0	2.6	0.6	1.0	1.3
Deferred Income Tax Liabilities	1.2	-	-	-	-
Minority Interest	8.2	7.3	6.6	7.2	8.0
Total Liabilities	115.1	88.3	106.7	104.2	90.7
Common Stock	133.8	121.9	118.3	118.6	116.1
Advance Receipt for Common Stock	0.0	0.1	-	0.0	0.2
Paid in Capital	17.8	16.2	15.2	14.6	14.5
Legal Reserve	19.7	16.9	16.2	16.1	15.6
Special Reserve	0.8	0.8	0.8	0.8	0.8
Retained Profit	27.1	11.7	4.3	5.7	6.5
Cumulative Translation Adjustment	1.2	3.6	4.4	2.5	1.6
Unrealized Gain/Loss on Pension Fund	-4.6	-2.1	-0.2	0.0	-0.2
Unrealized Fin.Asst./LT Invest. G/L.	4.0	2.2	-0.7	-0.1	-0.2
Total Equity	199.9	171.3	158.4	158.1	154.8
Total Liabilities & Shareholders' Equity	315.0	259.6	265.0	262.3	245.5
S/O-Common Stock	429.2	428.9	427.2	416.0	416.0
Total Common Shares Outstanding	429.2	428.9	427.2	416.0	416.0
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Full-Time Employees	1,468	1,394	1,423	1,432	1,381
Shareholder Number	-	27,010	28,772	23,569	25,881
LTD Maturing within 1 year	1.4	-	3.0	0.7	0.7
LTD Maturing within 2 years	6.9	6.3	6.1	0.0	0.7
LTD Maturing within 3 years	-	6.3	6.1	4.6	0.7
LTD Maturing within 4 years	-	-	6.1	6.2	-
LTD Maturing within 5 years	-	-	-	3.1	-
Total Long Term Debt, Supplemental	8.2	12.5	21.3	14.6	2.2
Operating Lease Pymts. Due within 1Year	0.2	-	-	-	-
Operating Lease Payments Due in Year 2	0.2	-	-	-	-
Operating Lease Payments Due in Year 3	0.2	-	-	-	-
Operating Lease Payments Due in Year 4	0.2	-	-	-	-
Operating Lease Payments Due in Year 5	0.2	-	-	-	-
Operating Lease Payments Due in Year 10	0.9	-	-	-	-
Operating Leases - Remaining Payments	0.9	-	-	-	-
Total Operating Leases	2.6	-	-	-	-
Fair Value of Plan Assets	13.2	11.3	15.0	15.6	14.3
Benefit Obligation	22.6	15.1	16.8	17.6	18.0
Funded Status	-9.4	-3.8	-1.9	-2.0	-3.7
Accumulated Benefit Obligation	18.2	13.9	15.6	16.4	-15.7
Total Funded Status	-9.4	-3.8	-1.9	-2.0	-3.7
Discount Rate	1.75%	2.25%	2.75%	2.75%	2.50%
Rate of Compensation Increase	1.50%	1.27%	0.05%	0.05%	1.00%
Expected Rate of Return on Plan Assets	1.75%	2.25%	2.75%	2.75%	2.50%
Accrued Pension Liabilities	-5.0	-2.6	-0.6	-1.0	-1.3
Deferred Pension Cost	0.4	0.3	-	-	-

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Net Income	23.8	10.0	2.9	3.3	4.3
Depreciation	11.0	11.3	13.2	13.5	14.8
Amortization Expense	0.1	0.2	0.2	0.1	0.6
Gain on Finl. Assets Revaluation & Laiab	-0.1	0.2	0.0	0.0	0.0
Provision for Bad Debts	0.1	1.0	-0.1	0.3	0.1
Inventory Devaluation & Obsolescence	0.2	0.2	0.2	0.1	0.1
Provision of Impairment for Fixed Assets	-	-	-	-	0.0
Equity Investment Gain/Loss	-1.5	-1.5	-1.8	-1.5	-0.1
Other Investment	0.0	0.2	0.2	-	-
Cost Method Investment Gain/Loss	-	-	-	1.0	0.2
Cash Dividend for LT Equity Investment	1.3	0.8	1.2	-	-
Cash Dividend fr Cost Method Investment	-	-	-	0.7	-
Gain on Sale of Investments	0.0	-1.9	-0.5	-3.0	-0.4
Net Loss on Disposal of Fixed Assets	0.0	0.0	0.0	0.1	0.1
Note Receivable	-0.5	1.2	-0.2	-1.7	0.4
Accounts Receivable and Overdue Accounts	3.8	-4.7	6.5	-9.3	-2.4
Inventory	-16.4	21.2	-8.5	-5.4	-11.4
Other Financial Assets	-0.3	0.8	-0.5	-0.1	-0.5
Other Current Assets	-0.5	-1.5	1.0	-0.5	0.3
Deferred Tax	1.8	0.5	0.7	0.9	1.7
Note Payable	1.1	1.4	-1.0	-0.1	-3.0
Accounts Payable	-3.8	11.1	-3.7	0.5	-1.5
Tax Payable	1.3	0.6	0.2	-0.4	0.7
Accrued Expenses	4.0	2.0	-0.7	1.5	0.0
Other Current Liabilities	0.0	0.0	-0.6	0.5	0.2
Accrued Pension Liabilities	-0.2	0.0	-0.4	0.0	-0.1
Cash from Operating Activities	25.3	53.2	8.1	0.7	3.9
Financial Assets At Fair Value- Decrease	10.5	18.2	-3.2	0.0	0.0
Financial Assets-Fair Value Increase	-7.3	-22.7	-	-	-
Equity Investments Increase	-0.3	-1.8	-1.9	-0.3	-6.0
Equity Investments Decrease	0.0	3.0	0.6	3.8	0.8
Capital Paid in Advance	-	-	-	0.0	0.5
Capital Expenditure	-21.0	-7.5	-11.2	-12.7	-11.9
Disposal of Fixed Assets	0.1	0.0	0.3	0.0	0.1
Land Use Rights- Increase	-	-	-	0.0	-0.8
Other Financial Assets- Increase	-0.6	0.1	0.1	-0.1	0.0
Deferred Charges	-	-	-	0.0	-0.7
Restricted Assets	-0.1	-	-	-	-
Other Assets	-0.1	0.2	-0.3	-	-
Cash from Investing Activities	-18.7	-10.6	-15.5	-9.3	-18.0
Short Term Borrowing, Net	16.3	-26.3	4.6	0.5	22.5
Short Term Notes, Net	-0.6	-3.0	-1.0	-1.5	0.0
Other Payable-Related Parties	0.0	-0.1	0.1	-	-
Long Term Borrowings	-	-	7.9	13.7	-
Repayment of LT Borrowings	-5.1	-9.1	-0.8	-0.7	-1.1
Repayment of Corporate Bond	-	-	-	-	0.0
Director Remuneration & Employee Bonus	-	-	-0.2	-0.3	-0.3
Dividend Paid	-8.7	-2.4	-3.7	-3.5	-5.8
Issuance of Stock fr Employee Opt.	0.0	0.6	1.2	1.8	0.9
Minority Interest	-0.4	-	-0.6	-1.2	0.0
Cash from Financing Activities	1.5	-40.2	7.4	8.9	16.3
Foreign Exchange Effects	-2.1	-0.3	1.3	0.5	0.1
Net Change in Cash	6.0	2.0	1.3	0.7	2.2
Net Cash - Beginning Balance	21.7	18.7	18.2	16.8	14.8
Net Cash - Ending Balance	27.7	20.7	19.6	17.5	17.0
Cash Interest Paid	1.1	1.9	3.4	2.8	2.2
Cash Taxes Paid	1.8	0.6	1.2	1.4	0.4

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 31-Mar-2011	Quarter Ending Yr Ago	Annual Year End 31-Dec-2010	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	63.0	-7.66%	253.6	23.25%	5.16%	8.55%
Research & Development1	2.3	33.88%	8.4	25.99%	5.98%	5.05%
Operating Income1	4.6	-39.01%	26.2	158.28%	111.62%	39.92%
Income Available to Common Excl Extraord Items1	4.2	-29.63%	22.9	127.02%	87.38%	42.78%
Basic EPS Excl Extraord Items1	0.01	-29.63%	0.05	126.14%	86.29%	41.69%
Capital Expenditures2	7.6	181.56%	21.0	165.59%	16.58%	9.22%
Cash from Operating Activities2	-0.9	-	25.3	-54.59%	229.86%	31.38%
Free Cash Flow	-8.5	-	4.6	-91.01%	-	-
Total Assets3	330.7	14.62%	315.0	10.61%	2.59%	4.31%
Total Liabilities3	124.4	28.95%	115.1	18.79%	-0.22%	7.42%
Total Long Term Debt3	3.4	-66.67%	6.9	-50.00%	-23.69%	33.03%
Employees3	-	-	1468	5.31%	0.83%	2.38%
Total Common Shares Outstanding3	429.2	0.00%	429.2	0.06%	1.05%	0.75%
1-ExchangeRate: TWD to USD Average for Period	29.305764	Â	31.497037	Â	Â	Â
2-ExchangeRate: TWD to USD Average for Period	29.305764	Â	31.497037	Â	Â	Â
3-ExchangeRate: TWD to USD Period End Date	29.406500	Â	29.156500	Â	Â	Â

Utility Industry Specific USD (mil)
Â	31-Dec-2006
Deferred Charges3	0.8
3-ExchangeRate: TWD to USD Period End Date	32.585000

Key Ratios
Â	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Profitability
Gross Margin	25.52%	20.74%	17.79%	17.95%	21.58%
Operating Margin	10.31%	4.92%	2.14%	1.27%	3.70%
Pretax Margin	11.35%	6.01%	2.15%	2.50%	3.96%
Net Profit Margin	9.04%	4.91%	1.28%	1.60%	2.10%
Financial Strength
Current Ratio	1.90	2.22	1.89	1.84	1.65
Long Term Debt/Equity	0.03	0.07	0.12	0.09	0.00
Total Debt/Equity	0.35	0.30	0.55	0.50	0.43
Management Effectiveness
Return on Assets	8.58%	3.89%	1.05%	1.31%	1.79%
Return on Equity	12.78%	5.96%	1.76%	2.16%	2.41%
Efficiency
Receivables Turnover	5.55	4.54	4.77	4.79	4.74
Inventory Turnover	2.52	2.09	2.18	2.29	2.08
Asset Turnover	0.91	0.76	0.82	0.83	0.75

Market Valuation USD (mil)
P/E (TTM)	13.86	.	Enterprise Value2	369.9
Price/Sales (TTM)	1.17	.	Enterprise Value/Revenue (TTM)	1.39
Price/Book (MRQ)	1.52	.	Enterprise Value/EBITDA (TTM)	9.96
Market Cap as of 05-Aug-20111	318.1	.
1-ExchangeRate: TWD to USD on 5-Aug-2011	28.940000
2-ExchangeRate: TWD to USD on 31-Mar-2011	29.406500

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Financial Strength
Current Ratio	1.90	2.22	1.89	1.84	1.65
Quick/Acid Test Ratio	0.90	1.16	0.80	0.83	0.70
Working Capital1	84.3	80.6	72.0	68.9	52.1
Long Term Debt/Equity	0.03	0.07	0.12	0.09	0.00
Total Debt/Equity	0.35	0.30	0.55	0.50	0.43
Long Term Debt/Total Capital	0.03	0.06	0.07	0.06	0.00
Total Debt/Total Capital	0.26	0.23	0.36	0.33	0.30
Payout Ratio	32.41%	85.51%	0.00%	104.76%	92.32%
Effective Tax Rate	17.22%	15.02%	40.96%	37.13%	39.97%
Total Capital1	269.0	222.8	245.6	236.8	221.0
Efficiency
Asset Turnover	0.91	0.76	0.82	0.83	0.75
Inventory Turnover	2.52	2.09	2.18	2.29	2.08
Days In Inventory	144.57	174.37	167.73	159.20	175.22
Receivables Turnover	5.55	4.54	4.77	4.79	4.74
Days Receivables Outstanding	65.79	80.34	76.48	76.16	77.00
Revenue/Employee2	186,632	145,367	151,654	147,898	129,269
Operating Income/Employee2	19,250	7,155	3,251	1,872	4,785
EBITDA/Employee2	27,427	15,640	12,302	11,465	15,878
Profitability
Gross Margin	25.52%	20.74%	17.79%	17.95%	21.58%
Operating Margin	10.31%	4.92%	2.14%	1.27%	3.70%
EBITDA Margin	14.70%	10.76%	8.11%	7.75%	12.28%
EBIT Margin	10.31%	4.92%	2.14%	1.27%	3.70%
Pretax Margin	11.35%	6.01%	2.15%	2.50%	3.96%
Net Profit Margin	9.04%	4.91%	1.28%	1.60%	2.10%
R&D Expense/Revenue	3.29%	3.22%	3.10%	3.22%	3.84%
COGS/Revenue	74.48%	79.26%	82.21%	82.05%	78.42%
SG&A Expense/Revenue	11.91%	12.60%	12.54%	13.46%	14.03%
Management Effectiveness
Return on Assets	8.58%	3.89%	1.05%	1.31%	1.79%
Return on Equity	12.78%	5.96%	1.76%	2.16%	2.41%
Valuation
Free Cash Flow/Share2	0.01	0.11	-0.01	-0.03	-0.02
Operating Cash Flow/Share 2	0.06	0.13	0.02	0.00	0.01
1-ExchangeRate: TWD to USD Period End Date	29.1565	31.985	32.818	32.4345	32.585
2-ExchangeRate: TWD to USD Average for Period	29.1565	31.985	32.818	32.4345	32.585

Current Market Multiples
Market Cap/Earnings (TTM)	13.86
Market Cap/Equity (MRQ)	1.52
Market Cap/Revenue (TTM)	1.17
Market Cap/EBIT (TTM)	12.48
Market Cap/EBITDA (TTM)	8.43
Enterprise Value/Earnings (TTM)	16.37
Enterprise Value/Equity (MRQ)	1.79
Enterprise Value/Revenue (TTM)	1.39
Enterprise Value/EBIT (TTM)	14.74
Enterprise Value/EBITDA (TTM)	9.96

Annual Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Gross Revenue	254.7	197.1	225.9	210.0	179.8
Sales Returns and Allowances	-1.1	-0.8	-1.3	-0.8	-1.0
Revenue	253.6	196.3	224.5	209.1	178.8
Total Revenue	253.6	196.3	224.5	209.1	178.8
Cost of Revenue	188.9	155.6	184.6	171.6	140.3
Cost of Revenue, Total	188.9	155.6	184.6	171.6	140.3
Gross Profit	64.7	40.7	39.9	37.5	38.6
Selling/General/Administrative Expense	30.2	24.7	28.2	28.2	25.1
Total Selling/General/Administrative Expenses	30.2	24.7	28.2	28.2	25.1
Research & Development	8.4	6.3	7.0	6.7	6.9
Impairment-Assets Held for Use	-	-	-	-	0.0
Unusual Expense (Income)	-	-	-	-	0.0
Total Operating Expense	227.5	186.6	219.7	206.5	172.2
Operating Income	26.2	9.7	4.8	2.6	6.6
Interest Expense - Non-Operating	-1.2	-1.7	-3.4	-2.8	-2.4
Interest Expense, Net Non-Operating	-1.2	-1.7	-3.4	-2.8	-2.4
Interest Income - Non-Operating	0.1	0.1	0.2	0.2	0.2
Investment Income - Non-Operating	1.7	2.6	1.9	4.4	1.7
Interest/Investment Income - Non-Operating	1.8	2.6	2.1	4.6	1.9
Interest Income (Expense) - Net Non-Operating Total	0.6	1.0	-1.2	1.9	-0.5
Gain (Loss) on Sale of Assets	0.0	0.0	0.0	-0.1	-0.1
Other Non-Operating Income (Expense)	2.0	1.2	1.2	0.8	1.0
Other, Net	2.0	1.2	1.2	0.8	1.0
Income Before Tax	28.8	11.8	4.8	5.2	7.1
Total Income Tax	5.0	1.8	2.0	1.9	2.8
Income After Tax	23.8	10.0	2.9	3.3	4.3
Minority Interest	-0.9	-0.4	0.0	0.1	-0.5
Net Income Before Extraord Items	22.9	9.6	2.9	3.3	3.8
Net Income	22.9	9.6	2.9	3.3	3.8
Income Available to Common Excl Extraord Items	22.9	9.6	2.9	3.3	3.8
Income Available to Common Incl Extraord Items	22.9	9.6	2.9	3.3	3.8
Basic/Primary Weighted Average Shares	429.2	427.5	426.2	421.8	413.8
Basic EPS Excl Extraord Items	0.05	0.02	0.01	0.01	0.01
Basic/Primary EPS Incl Extraord Items	0.05	0.02	0.01	0.01	0.01
Dilution Adjustment	0.0	0.0	0.0	-	-
Diluted Net Income	22.9	9.6	2.9	3.3	3.8
Diluted Weighted Average Shares	433.8	430.8	427.1	428.5	421.6
Diluted EPS Excl Extraord Items	0.05	0.02	0.01	0.01	0.01
Diluted EPS Incl Extraord Items	0.05	0.02	0.01	0.01	0.01
Dividends per Share - Common Stock Primary Issue	0.02	0.02	0.00	0.01	0.01
Gross Dividends - Common Stock	7.4	8.3	0.0	3.5	3.4
Interest Expense, Supplemental	1.2	1.7	3.4	2.8	2.4
Interest Capitalized, Supplemental	-0.1	0.0	-0.1	-0.1	-0.2
Depreciation, Supplemental	11.0	11.3	13.2	13.5	14.8
Total Special Items	0.0	0.0	0.0	0.1	0.1
Normalized Income Before Tax	28.8	11.8	4.8	5.4	7.2
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	5.0	1.8	2.0	2.0	2.9
Normalized Income After Tax	23.8	10.0	2.8	3.4	4.3
Normalized Inc. Avail to Com.	22.9	9.6	2.9	3.4	3.8
Basic Normalized EPS	0.05	0.02	0.01	0.01	0.01
Diluted Normalized EPS	0.05	0.02	0.01	0.01	0.01
Amort of Intangibles, Supplemental	0.1	0.2	0.2	0.0	0.6
Research & Development Exp, Supplemental	8.4	6.3	7.0	6.7	6.9
Normalized EBIT	26.2	9.7	4.8	2.6	6.6
Normalized EBITDA	37.3	21.1	18.2	16.2	22.0
Current Tax - Total	3.2	1.2	1.3	1.1	1.2
Current Tax - Total	3.2	1.2	1.3	1.1	1.2
Deferred Tax - Total	1.8	0.5	0.7	0.9	1.7
Deferred Tax - Total	1.8	0.5	0.7	0.9	1.7
Income Tax - Total	5.0	1.8	2.0	1.9	2.8
Interest Cost - Domestic	0.3	0.5	0.5	0.4	0.5
Service Cost - Domestic	0.5	0.6	0.7	0.7	0.7
Expected Return on Assets - Domestic	-0.2	-0.1	-0.6	-0.4	-0.3
Transition Costs - Domestic	0.0	-0.4	0.2	0.1	-0.2
Domestic Pension Plan Expense	0.6	1.0	0.5	0.8	0.9
Total Pension Expense	0.6	1.0	0.5	0.8	0.9
Discount Rate - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Expected Rate of Return - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Compensation Rate - Domestic	1.50%	1.27%	0.05%	0.05%	1.00%
Total Plan Interest Cost	0.3	0.5	0.5	0.4	0.5
Total Plan Service Cost	0.5	0.6	0.7	0.7	0.7
Total Plan Expected Return	-0.2	-0.1	-0.6	-0.4	-0.3

Interim Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.305764	30.350199	31.911435	31.824532	31.921093
Gross Revenue	63.5	46.8	77.6	66.5	62.9
Sales Returns and Allowances	-0.4	-0.6	-0.1	-0.1	-0.2
Revenue	63.0	46.2	77.5	66.4	62.7
Total Revenue	63.0	46.2	77.5	66.4	62.7
Cost of Revenue	48.7	32.3	61.4	47.0	47.3
Cost of Revenue, Total	48.7	32.3	61.4	47.0	47.3
Gross Profit	14.3	13.8	16.1	19.4	15.4
Selling/General/Administrative Expense	7.4	8.7	7.3	7.4	6.8
Total Selling/General/Administrative Expenses	7.4	8.7	7.3	7.4	6.8
Research & Development	2.3	2.7	2.1	2.0	1.6
Impairment-Assets Held for Use	-	0.0	0.0	0.0	-
Unusual Expense (Income)	-	0.0	0.0	0.0	-
Total Operating Expense	58.5	43.8	70.8	56.4	55.8
Operating Income	4.6	2.4	6.7	10.0	6.9
Interest Expense - Non-Operating	-0.2	-0.4	-0.2	-0.3	-0.3
Interest Expense, Net Non-Operating	-0.2	-0.4	-0.2	-0.3	-0.3
Interest Income - Non-Operating	0.0	0.1	0.0	0.0	0.0
Investment Income - Non-Operating	0.6	0.5	0.8	0.4	0.0
Interest/Investment Income - Non-Operating	0.6	0.5	0.8	0.5	0.0
Interest Income (Expense) - Net Non-Operating Total	0.4	0.1	0.6	0.1	-0.3
Gain (Loss) on Sale of Assets	0.0	0.0	0.0	0.0	0.0
Other Non-Operating Income (Expense)	0.4	1.0	0.5	0.5	0.1
Other, Net	0.4	1.0	0.5	0.5	0.1
Income Before Tax	5.3	3.5	7.8	10.7	6.7
Total Income Tax	1.0	0.2	1.6	2.0	1.1
Income After Tax	4.3	3.3	6.2	8.6	5.6
Minority Interest	-0.2	-0.1	-0.2	-0.3	-0.2
Net Income Before Extraord Items	4.2	3.1	5.9	8.3	5.4
Net Income	4.2	3.1	5.9	8.3	5.4
Income Available to Common Excl Extraord Items	4.2	3.1	5.9	8.3	5.4
Income Available to Common Incl Extraord Items	4.2	3.1	5.9	8.3	5.4
Basic/Primary Weighted Average Shares	429.2	429.2	429.2	429.2	429.1
Basic EPS Excl Extraord Items	0.01	0.01	0.01	0.02	0.01
Basic/Primary EPS Incl Extraord Items	0.01	0.01	0.01	0.02	0.01
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	4.2	3.1	5.9	8.3	5.4
Diluted Weighted Average Shares	430.7	434.6	433.3	434.2	432.9
Diluted EPS Excl Extraord Items	0.01	0.01	0.01	0.02	0.01
Diluted EPS Incl Extraord Items	0.01	0.01	0.01	0.02	0.01
Dividends per Share - Common Stock Primary Issue	0.00	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	7.7	0.0	0.0	0.0
Interest Expense, Supplemental	0.2	0.4	0.2	0.3	0.3
Interest Capitalized, Supplemental	0.0	-0.1	0.0	0.0	0.0
Depreciation, Supplemental	3.1	3.0	2.7	2.6	2.7
Total Special Items	0.0	0.0	0.0	0.0	0.0
Normalized Income Before Tax	5.3	3.5	7.8	10.7	6.7
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	1.0	0.2	1.6	2.0	1.1
Normalized Income After Tax	4.3	3.3	6.2	8.6	5.6
Normalized Inc. Avail to Com.	4.2	3.1	5.9	8.3	5.4
Basic Normalized EPS	0.01	0.01	0.01	0.02	0.01
Diluted Normalized EPS	0.01	0.01	0.01	0.02	0.01
Amort of Intangibles, Supplemental	0.1	0.0	0.0	0.0	0.0
Research & Development Exp, Supplemental	-	2.7	2.1	2.0	1.6
Normalized EBIT	4.6	2.4	6.7	10.0	6.9
Normalized EBITDA	7.7	5.4	9.4	12.6	9.7

Annual Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Cash & Equivalents	29.9	21.3	18.8	17.7	17.0
Short Term Investments	6.6	8.7	4.7	1.2	1.1
Cash and Short Term Investments	36.5	30.0	23.5	18.9	18.1
Accounts Receivable - Trade, Gross	40.4	40.6	34.2	42.8	33.5
Provision for Doubtful Accounts	-0.6	-0.6	-0.5	-0.8	-0.6
Trade Accounts Receivable - Net	39.7	40.0	33.8	41.9	32.9
Notes Receivable - Short Term	7.9	6.6	7.7	7.6	5.8
Total Receivables, Net	47.6	46.6	41.5	49.5	38.7
Inventories - Finished Goods	45.0	37.9	49.5	46.5	42.6
Inventories - Work In Progress	14.9	10.9	10.5	11.9	10.3
Inventories - Raw Materials	22.4	11.9	24.2	19.9	18.5
Inventories - Other	7.2	5.1	1.3	0.1	1.4
Total Inventory	89.6	65.7	85.5	78.5	72.8
Other Current Assets	4.4	4.0	2.7	4.2	3.2
Other Current Assets, Total	4.4	4.0	2.7	4.2	3.2
Total Current Assets	178.1	146.4	153.2	151.1	132.8
Buildings	86.4	78.8	73.4	72.9	66.6
Land/Improvements	20.0	18.2	17.8	18.2	18.1
Machinery/Equipment	207.4	183.7	173.3	168.0	160.6
Construction in Progress	14.4	1.5	4.6	3.9	5.2
Property/Plant/Equipment - Gross	328.2	282.2	269.0	263.1	250.5
Accumulated Depreciation	-214.3	-188.0	-173.3	-164.4	-151.5
Property/Plant/Equipment - Net	113.8	94.2	95.7	98.6	98.9
Intangibles, Net	0.9	0.9	0.9	0.9	0.8
LT Investment - Affiliate Companies	10.0	8.9	8.5	6.9	5.8
LT Investments - Other	11.0	8.0	5.1	3.0	3.8
Long Term Investments	21.1	16.9	13.6	9.8	9.7
Deferred Charges	-	-	-	-	0.8
Pension Benefits - Overfunded	0.4	0.3	0.2	0.3	0.4
Deferred Income Tax - Long Term Asset	0.1	0.4	0.6	0.8	2.1
Restricted Cash - Long Term	0.1	-	-	-	-
Other Long Term Assets	0.5	0.4	0.8	0.7	-
Other Long Term Assets, Total	1.1	1.2	1.7	1.8	3.2
Total Assets	315.0	259.6	265.0	262.3	245.5
Accounts Payable	12.9	15.5	4.0	7.7	7.1
Accrued Expenses	13.7	8.6	6.3	7.1	5.6
Notes Payable/Short Term Debt	60.9	39.0	65.8	64.0	64.8
Current Portion - Long Term Debt/Capital Leases	1.4	0.0	3.0	0.7	0.7
Income Taxes Payable	2.9	1.4	0.7	0.5	0.9
Other Payables	1.0	0.3	0.2	0.4	0.4
Other Current Liabilities	1.1	1.0	1.0	1.6	1.1
Other Current liabilities, Total	5.0	2.7	1.9	2.6	2.4
Total Current Liabilities	93.8	65.8	81.1	82.2	80.7
Long Term Debt	6.9	12.5	18.3	13.9	0.7
Total Long Term Debt	6.9	12.5	18.3	13.9	0.7
Total Debt	69.1	51.5	87.2	78.7	66.2
Deferred Income Tax - LT Liability	1.2	-	-	-	-
Deferred Income Tax	1.2	-	-	-	-
Minority Interest	8.2	7.3	6.6	7.2	8.0
Pension Benefits - Underfunded	5.0	2.6	0.6	1.0	1.3
Other Liabilities, Total	5.0	2.6	0.6	1.0	1.3
Total Liabilities	115.1	88.3	106.7	104.2	90.7
Common Stock	133.8	121.9	118.3	118.6	116.1
Common Stock	133.8	121.9	118.3	118.6	116.1
Additional Paid-In Capital	17.8	16.2	15.2	14.6	14.5
Retained Earnings (Accumulated Deficit)	47.6	29.3	21.3	22.5	22.9
Unrealized Gain (Loss)	4.0	2.2	-0.7	-0.1	-0.2
Translation Adjustment	1.2	3.6	4.4	2.5	1.6
Other Equity	0.0	0.1	-	0.0	0.2
Minimum Pension Liability Adjustment	-4.6	-2.1	-0.2	0.0	-0.2
Other Equity, Total	-3.4	1.6	4.2	2.5	1.5
Total Equity	199.9	171.3	158.4	158.1	154.8
Total Liabilities & Shareholders’ Equity	315.0	259.6	265.0	262.3	245.5
Shares Outstanding - Common Stock Primary Issue	429.2	428.9	427.2	416.0	416.0
Total Common Shares Outstanding	429.2	428.9	427.2	416.0	416.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	1,468	1,394	1,423	1,432	1,381
Number of Common Shareholders	-	27,010	28,772	23,569	25,881
Total Long Term Debt, Supplemental	8.2	12.5	21.3	14.6	2.2
Long Term Debt Maturing within 1 Year	1.4	3.1	3.0	0.7	0.7
Long Term Debt Maturing in Year 2	6.9	3.1	6.1	0.0	0.7
Long Term Debt Maturing in Year 3	-	6.3	6.1	4.6	0.7
Long Term Debt Maturing in Year 4	-	-	6.1	6.2	-
Long Term Debt Maturing in Year 5	-	-	-	3.1	-
Long Term Debt Maturing in 2-3 Years	6.9	9.4	12.2	4.6	1.5
Long Term Debt Maturing in 4-5 Years	-	-	6.1	9.2	-
Long Term Debt Matur. in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0
Total Operating Leases, Supplemental	2.6	-	-	-	-
Operating Lease Payments Due in Year 1	0.2	-	-	-	-
Operating Lease Payments Due in Year 2	0.2	-	-	-	-
Operating Lease Payments Due in Year 3	0.2	-	-	-	-
Operating Lease Payments Due in Year 4	0.2	-	-	-	-
Operating Lease Payments Due in Year 5	0.2	-	-	-	-
Operating Lease Payments Due in Year 6	0.2	-	-	-	-
Operating Lease Payments Due in Year 7	0.2	-	-	-	-
Operating Lease Payments Due in Year 8	0.2	-	-	-	-
Operating Lease Payments Due in Year 9	0.2	-	-	-	-
Operating Lease Payments Due in Year 10	0.2	-	-	-	-
Operating Lease Pymts. Due in 2-3 Years	0.3	-	-	-	-
Operating Lease Pymts. Due in 4-5 Years	0.3	-	-	-	-
Oper. Lse. Pymts. Due in Year 6 & Beyond	1.7	-	-	-	-
Pension Obligation - Domestic	22.6	15.1	16.8	17.6	18.0
Plan Assets - Domestic	13.2	11.3	15.0	15.6	14.3
Funded Status - Domestic	-9.4	-3.8	-1.9	-2.0	-3.7
Accumulated Obligation - Domestic	18.2	13.9	15.6	16.4	-15.7
Total Funded Status	-9.4	-3.8	-1.9	-2.0	-3.7
Discount Rate - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Expected Rate of Return - Domestic	1.75%	2.25%	2.75%	2.75%	2.50%
Compensation Rate - Domestic	1.50%	1.27%	0.05%	0.05%	1.00%
Prepaid Benefits - Domestic	0.4	0.3	-	-	-
Accrued Liabilities - Domestic	-5.0	-2.6	-0.6	-1.0	-1.3
Total Plan Obligations	22.6	15.1	16.8	17.6	18.0
Total Plan Assets	13.2	11.3	15.0	15.6	14.3

Interim Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.4065	29.1565	31.2415	32.1315	31.758
Cash & Equivalents	26.8	29.9	24.9	29.4	21.9
Short Term Investments	5.4	6.6	5.3	10.6	9.4
Cash and Short Term Investments	32.2	36.5	30.1	40.0	31.3
Accounts Receivable - Trade, Gross	45.9	40.4	47.9	45.9	44.4
Provision for Doubtful Accounts	-0.6	-0.6	-0.9	-0.6	-0.6
Trade Accounts Receivable - Net	45.3	39.7	47.0	45.3	43.8
Notes Receivable - Short Term	6.8	7.9	8.2	7.5	6.5
Total Receivables, Net	52.1	47.6	55.2	52.8	50.3
Inventories - Finished Goods	50.5	45.0	40.5	35.9	38.8
Inventories - Work In Progress	14.9	14.9	11.6	11.0	10.5
Inventories - Raw Materials	22.6	22.4	21.3	19.9	16.2
Inventories - Other	0.0	7.2	3.6	7.5	0.1
Total Inventory	88.1	89.6	77.0	74.4	65.5
Other Current Assets	8.3	4.4	7.6	4.3	6.6
Other Current Assets, Total	8.3	4.4	7.6	4.3	6.6
Total Current Assets	180.7	178.1	169.9	171.5	153.7
Buildings	86.5	86.4	74.4	78.7	79.3
Land/Improvements	19.8	20.0	18.7	18.1	18.4
Machinery/Equipment	209.8	207.4	197.6	183.1	185.3
Construction in Progress	15.6	14.4	9.3	6.4	2.7
Property/Plant/Equipment - Gross	331.7	328.2	300.0	286.4	285.7
Accumulated Depreciation	-214.7	-214.3	-198.3	-190.7	-191.3
Property/Plant/Equipment - Net	117.0	113.8	101.7	95.7	94.3
Intangibles, Net	1.0	0.9	0.9	0.9	1.0
LT Investment - Affiliate Companies	16.3	10.0	9.1	8.4	9.2
LT Investments - Other	14.9	11.0	9.2	8.7	8.2
Long Term Investments	31.1	21.1	18.3	17.2	17.4
Pension Benefits - Overfunded	0.4	0.4	0.3	0.3	0.3
Deferred Income Tax - Long Term Asset	0.1	0.1	0.3	0.1	0.1
Restricted Cash - Long Term	0.1	0.1	-	-	0.0
Other Long Term Assets	0.4	0.5	0.2	0.4	0.3
Other Long Term Assets, Total	1.0	1.1	0.8	0.8	0.7
Total Assets	330.7	315.0	291.7	286.0	267.2
Accounts Payable	15.7	12.9	18.6	17.1	14.0
Accrued Expenses	8.4	13.7	9.6	7.7	8.0
Notes Payable/Short Term Debt	72.0	60.9	53.8	52.2	46.6
Current Portion - Long Term Debt/Capital Leases	4.8	1.4	1.3	0.0	0.0
Income Taxes Payable	3.2	2.9	1.2	1.7	0.9
Other Payables	0.4	1.0	0.2	8.8	0.3
Other Current Liabilities	1.2	1.1	2.2	1.7	0.0
Other Current liabilities, Total	4.8	5.0	3.5	12.3	1.3
Total Current Liabilities	105.7	93.8	86.8	89.2	69.8
Long Term Debt	3.4	6.9	6.4	9.3	9.4
Total Long Term Debt	3.4	6.9	6.4	9.3	9.4
Total Debt	80.2	69.1	61.5	61.5	56.0
Deferred Income Tax - LT Liability	1.4	1.2	1.3	0.6	0.1
Deferred Income Tax	1.4	1.2	1.3	0.6	0.1
Minority Interest	8.8	8.2	7.8	7.7	7.4
Pension Benefits - Underfunded	5.0	5.0	2.5	2.5	2.5
Other Liabilities, Total	5.0	5.0	2.5	2.5	2.5
Total Liabilities	124.4	115.1	104.7	109.3	89.3
Common Stock	132.7	133.8	124.9	121.4	122.9
Common Stock	132.7	133.8	124.9	121.4	122.9
Additional Paid-In Capital	19.7	17.8	16.7	16.2	16.3
Retained Earnings (Accumulated Deficit)	51.3	47.6	41.4	34.3	35.0
Unrealized Gain (Loss)	5.2	4.0	2.9	3.0	2.3
Translation Adjustment	2.0	1.2	3.3	3.9	3.4
Other Equity	-	0.0	0.0	-	-
Minimum Pension Liability Adjustment	-4.5	-4.6	-2.1	-2.1	-2.1
Other Equity, Total	-2.5	-3.4	1.2	1.8	1.3
Total Equity	206.3	199.9	187.0	176.8	177.9
Total Liabilities & Shareholders’ Equity	330.7	315.0	291.7	286.0	267.2
Shares Outstanding - Common Stock Primary Issue	429.2	429.2	429.2	429.2	429.2
Total Common Shares Outstanding	429.2	429.2	429.2	429.2	429.2
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	1,468	-	1,458	-
Total Long Term Debt, Supplemental	-	8.2	7.7	9.3	9.4
Long Term Debt Maturing within 1 Year	-	1.4	1.3	3.1	3.1
Long Term Debt Maturing in Year 2	-	6.9	6.4	3.1	3.1
Long Term Debt Maturing in Year 3	-	-	-	3.1	3.1
Long Term Debt Maturing in 2-3 Years	-	6.9	6.4	6.2	6.3
Long Term Debt Matur. in Year 6 & Beyond	-	0.0	0.0	0.0	0.0
Total Operating Leases, Supplemental	-	2.6	-	-	-
Operating Lease Payments Due in Year 1	-	0.2	-	-	-
Operating Lease Payments Due in Year 2	-	0.2	-	-	-
Operating Lease Payments Due in Year 3	-	0.2	-	-	-
Operating Lease Payments Due in Year 4	-	0.2	-	-	-
Operating Lease Payments Due in Year 5	-	0.2	-	-	-
Operating Lease Payments Due in Year 6	-	0.2	-	-	-
Operating Lease Payments Due in Year 7	-	0.2	-	-	-
Operating Lease Payments Due in Year 8	-	0.2	-	-	-
Operating Lease Payments Due in Year 9	-	0.2	-	-	-
Operating Lease Payments Due in Year 10	-	0.2	-	-	-
Operating Lease Pymts. Due in 2-3 Years	-	0.3	-	-	-
Operating Lease Pymts. Due in 4-5 Years	-	0.3	-	-	-
Oper. Lse. Pymts. Due in Year 6 & Beyond	-	1.7	-	-	-
Prepaid Benefits - Domestic	-	0.4	-	0.3	0.3
Accrued Liabilities - Domestic	-	-5.0	-	-2.5	-2.5

Annual Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	23.8	10.0	2.9	3.3	4.3
Depreciation	11.0	11.3	13.2	13.5	14.8
Depreciation/Depletion	11.0	11.3	13.2	13.5	14.8
Amortization of Intangibles	0.1	0.2	0.2	0.1	0.6
Amortization	0.1	0.2	0.2	0.1	0.6
Deferred Taxes	1.8	0.5	0.7	0.9	1.7
Unusual Items	0.0	-1.9	-0.6	-2.8	-0.3
Equity in Net Earnings (Loss)	-1.5	-1.5	-1.8	-0.5	0.2
Other Non-Cash Items	1.6	2.5	1.5	1.2	0.2
Non-Cash Items	0.1	-1.0	-0.9	-2.2	0.1
Accounts Receivable	3.2	-3.4	6.3	-11.0	-2.0
Inventories	-16.4	21.2	-8.5	-5.4	-11.4
Other Assets	-0.7	-0.7	0.5	-0.6	-0.2
Accounts Payable	-3.8	11.1	-3.7	0.5	-1.5
Accrued Expenses	3.8	2.0	-1.2	1.5	-0.2
Taxes Payable	1.3	0.6	0.2	-0.4	0.7
Other Liabilities	1.1	1.4	-1.6	0.4	-2.9
Changes in Working Capital	-11.5	32.1	-8.0	-14.9	-17.5
Cash from Operating Activities	25.3	53.2	8.1	0.7	3.9
Purchase of Fixed Assets	-21.0	-7.5	-11.2	-12.7	-11.9
Purchase/Acquisition of Intangibles	-	-	-	0.0	-0.8
Capital Expenditures	-21.0	-7.5	-11.2	-12.7	-12.7
Sale of Fixed Assets	0.1	0.0	0.3	0.0	0.1
Sale/Maturity of Investment	10.5	21.1	-2.5	3.8	0.8
Investment, Net	-0.6	0.1	0.1	-0.1	0.0
Purchase of Investments	-7.6	-24.5	-1.9	-0.3	-6.0
Other Investing Cash Flow	-0.1	0.2	-0.3	0.0	-0.2
Other Investing Cash Flow Items, Total	2.3	-3.0	-4.3	3.4	-5.3
Cash from Investing Activities	-18.7	-10.6	-15.5	-9.3	-18.0
Other Financing Cash Flow	-0.4	-0.1	-0.8	-1.5	-0.3
Financing Cash Flow Items	-0.4	-0.1	-0.8	-1.5	-0.3
Cash Dividends Paid - Common	-8.7	-2.4	-3.7	-3.5	-5.8
Total Cash Dividends Paid	-8.7	-2.4	-3.7	-3.5	-5.8
Options Exercised	0.0	0.6	1.2	1.8	0.9
Issuance (Retirement) of Stock, Net	0.0	0.6	1.2	1.8	0.9
Short Term Debt, Net	15.7	-29.3	3.6	-0.9	22.5
Long Term Debt Issued	-	-	7.9	13.7	-
Long Term Debt Reduction	-5.1	-9.1	-0.8	-0.7	-1.1
Long Term Debt, Net	-5.1	-9.1	7.2	13.0	-1.1
Issuance (Retirement) of Debt, Net	10.6	-38.4	10.7	12.0	21.4
Cash from Financing Activities	1.5	-40.2	7.4	8.9	16.3
Foreign Exchange Effects	-2.1	-0.3	1.3	0.5	0.1
Net Change in Cash	6.0	2.0	1.3	0.7	2.2
Net Cash - Beginning Balance	21.7	18.7	18.2	16.8	14.8
Net Cash - Ending Balance	27.7	20.7	19.6	17.5	17.0
Cash Interest Paid	1.1	1.9	3.4	2.8	2.2
Cash Taxes Paid	1.8	0.6	1.2	1.4	0.4

Interim Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	12 Months	9 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.305764	31.497037	31.886422	31.875049	31.921093
Net Income/Starting Line	4.3	23.8	20.4	14.3	5.6
Depreciation	3.1	11.0	8.1	5.3	2.7
Depreciation/Depletion	3.1	11.0	8.1	5.3	2.7
Amortization of Intangibles	0.1	0.1	0.0	0.0	0.0
Amortization	0.1	0.1	0.0	0.0	0.0
Deferred Taxes	0.4	1.8	1.7	1.1	0.3
Unusual Items	0.0	0.0	0.0	0.0	0.0
Equity in Net Earnings (Loss)	-0.2	-1.5	-1.2	-0.8	-0.2
Other Non-Cash Items	-0.2	1.6	1.5	0.0	-0.1
Non-Cash Items	-0.5	0.1	0.3	-0.7	-0.3
Accounts Receivable	-4.9	3.2	-7.3	-6.5	-3.3
Inventories	0.8	-16.4	-9.6	-9.1	0.6
Other Assets	-4.0	-0.7	-4.1	-0.4	-2.4
Accounts Payable	2.9	-3.8	2.7	1.6	-1.7
Accrued Expenses	-5.2	4.0	0.8	-0.9	-0.7
Taxes Payable	0.3	1.3	-0.2	0.4	-0.5
Other Liabilities	1.7	0.9	3.4	4.3	1.6
Changes in Working Capital	-8.3	-11.5	-14.4	-10.5	-6.3
Cash from Operating Activities	-0.9	25.3	16.1	9.5	2.1
Purchase of Fixed Assets	-7.6	-21.0	-12.1	-7.0	-2.5
Capital Expenditures	-7.6	-21.0	-12.1	-7.0	-2.5
Sale of Fixed Assets	0.0	0.1	0.2	0.1	0.0
Sale/Maturity of Investment	5.3	10.5	8.5	0.0	-
Investment, Net	-0.3	-0.6	-0.1	0.0	-0.1
Purchase of Investments	-10.4	-7.6	-4.7	-0.7	-0.6
Other Investing Cash Flow	0.0	-0.1	0.2	0.0	0.1
Other Investing Cash Flow Items, Total	-5.5	2.3	4.0	-0.7	-0.5
Cash from Investing Activities	-13.0	-18.7	-8.1	-7.7	-3.0
Other Financing Cash Flow	0.4	-0.4	-0.4	-0.1	-0.1
Financing Cash Flow Items	0.4	-0.4	-0.4	-0.1	-0.1
Cash Dividends Paid - Common	-	-8.7	-8.6	-	-
Total Cash Dividends Paid	-	-8.7	-8.6	-	-
Options Exercised	-	0.0	0.0	-	-
Issuance (Retirement) of Stock, Net	-	0.0	0.0	-	-
Short Term Debt Issued	10.3	-	11.9	10.7	5.5
Short Term Debt Reduction	-	16.3	-	-	-
Short Term Debt, Net	10.3	15.7	11.0	9.8	4.6
Long Term Debt Reduction	0.0	-5.1	-5.0	-3.1	-3.1
Long Term Debt, Net	0.0	-5.1	-5.0	-3.1	-3.1
Issuance (Retirement) of Debt, Net	10.3	10.6	6.0	6.6	1.5
Cash from Financing Activities	10.7	1.5	-3.0	6.5	1.4
Foreign Exchange Effects	0.3	-2.1	-2.1	-0.1	-0.2
Net Change in Cash	-2.9	6.0	2.9	8.2	0.4
Net Cash - Beginning Balance	29.8	21.7	21.4	21.4	21.4
Net Cash - Ending Balance	26.9	27.7	24.3	29.7	21.8
Cash Interest Paid	0.2	1.1	0.8	0.6	0.3
Cash Taxes Paid	0.2	1.8	3.3	1.5	1.1

Annual Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Gross Sales	254.7	197.1	225.9	210.0	179.8
Sales Returns & Discounts	-1.1	-0.8	-1.3	-0.8	-1.0
Total Revenue	253.6	196.3	224.5	209.1	178.8
Cost of Sales	188.9	155.6	184.1	171.5	140.1
Selling Expense	17.7	13.6	17.0	17.5	14.5
General and Administrative Expenses	12.5	11.1	11.2	10.6	10.6
Research and Development Expenses	8.4	6.3	7.0	6.7	6.9
Gain on Phyiscal Inventory	-	-	0.0	0.0	0.0
Loss on Physical Inventory	-	-	0.4	-	0.0
Inventory Devaluation & Obsolescence	-	-	0.2	0.1	0.1
Impairment Loss	-	-	-	-	0.0
Total Operating Expense	227.5	186.6	219.7	206.5	172.2
Interest Income	0.1	0.1	0.2	0.2	0.2
Gain on Equity Investment	1.5	1.5	1.8	1.5	0.1
Dividend Income	0.1	0.1	0.0	0.1	0.1
Gain on Sale of Fixed Assets	0.0	0.0	0.1	0.0	0.0
Gain on Sale of Investments	0.0	1.9	0.5	3.0	0.4
Gain on Financial Assets Revaluation	0.0	0.0	0.0	0.0	0.0
Revaluation Gain on Fin. Liabilities	0.1	0.0	-	-	-
Miscellaneous Income	2.1	1.3	1.6	1.0	1.1
Interest Expense	-1.2	-1.7	-3.4	-2.8	-2.4
Loss on Other Investments	0.0	-0.2	-0.2	-1.0	-0.2
Loss on Sale of Fixed Assets	-0.1	0.0	-0.1	-0.1	-0.1
Gain/Loss on Foreign Exchange	-0.1	-0.5	-0.2	0.9	1.3
Loss on Financial Liab. Revaluation	0.0	-0.2	-0.1	-	-
Miscellaneous Disbursements	-0.1	-0.1	-0.3	-0.1	-0.1
Net Income Before Taxes	28.8	11.8	4.8	5.2	7.1
Provision for Income Taxes	5.0	1.8	2.0	1.9	2.8
Net Income After Taxes	23.8	10.0	2.9	3.3	4.3
Minority Interest	-0.9	-0.4	0.0	0.1	-0.5
Net Income Before Extra. Items	22.9	9.6	2.9	3.3	3.8
Net Income	22.9	9.6	2.9	3.3	3.8
Income Available to Com Excl ExtraOrd	22.9	9.6	2.9	3.3	3.8
Income Available to Com Incl ExtraOrd	22.9	9.6	2.9	3.3	3.8
Basic Weighted Average Shares	429.2	427.5	426.2	421.8	413.8
Basic EPS Excluding ExtraOrdinary Items	0.05	0.02	0.01	0.01	0.01
Basic EPS Including ExtraOrdinary Item	0.05	0.02	0.01	0.01	0.01
Dilution Adjustment	0.0	0.0	0.0	-	-
Diluted Net Income	22.9	9.6	2.9	3.3	3.8
Diluted Weighted Average Shares	433.8	430.8	427.1	428.5	421.6
Diluted EPS Excluding ExtraOrd Items	0.05	0.02	0.01	0.01	0.01
Diluted EPS Including ExtraOrd Items	0.05	0.02	0.01	0.01	0.01
DPS-Common Stock	0.02	0.02	0.00	0.01	0.01
Gross Dividends - Common Stock	7.4	8.3	0.0	3.5	3.4
Normalized Income Before Taxes	28.8	11.8	4.8	5.4	7.2
Inc Tax Ex Impact of Sp Items	5.0	1.8	2.0	2.0	2.9
Normalized Income After Taxes	23.8	10.0	2.8	3.4	4.3
Normalized Inc. Avail to Com.	22.9	9.6	2.9	3.4	3.8
Basic Normalized EPS	0.05	0.02	0.01	0.01	0.01
Diluted Normalized EPS	0.05	0.02	0.01	0.01	0.01
R&D Expense, Supplemental	8.4	6.3	7.0	6.7	6.9
Interest Expense, Supplemental	1.2	1.7	3.4	2.8	2.4
Interest Capitalized	-0.1	0.0	-0.1	-0.1	-0.2
Depreciation-Operating Cost	9.5	9.8	11.6	11.9	13.1
Depreciation-Operating Exp.	1.5	1.4	1.6	1.6	1.7
Amortization- Operating Cost	0.0	0.0	0.0	0.0	0.0
Amortization-Operating Exp.	0.1	0.2	0.2	0.0	0.5
Current Tax	3.2	1.2	1.3	1.1	1.2
Current Tax - Total	3.2	1.2	1.3	1.1	1.2
Deferred Tax	1.8	0.5	0.7	0.9	1.7
Deferred Tax - Total	1.8	0.5	0.7	0.9	1.7
Income Tax - Total	5.0	1.8	2.0	1.9	2.8
Service Cost	0.5	0.6	0.7	0.7	0.7
Interest Cost	0.3	0.5	0.5	0.4	0.5
Expected Return on Plan Assets	-0.2	-0.1	-0.6	-0.4	-0.3
Amortization of Unrecognized Cost	0.0	-0.4	0.2	0.1	-0.2
Domestic Pension Plan Expense	0.6	1.0	0.5	0.8	0.9
Total Pension Expense	0.6	1.0	0.5	0.8	0.9
Discount Rate	1.75%	2.25%	2.75%	2.75%	2.50%
Rate of Compensation Increase	1.50%	1.27%	0.05%	0.05%	1.00%
Expected Rate of Return on Plan Assets	1.75%	2.25%	2.75%	2.75%	2.50%

Interim Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.305764	30.350199	31.911435	31.824532	31.921093
Gross Sales	63.5	46.8	77.6	66.5	62.9
Sales Returns	-0.4	-0.6	-0.1	-0.1	-0.2
Total Revenue	63.0	46.2	77.5	66.4	62.7
Cost of Sales	48.7	32.3	61.4	47.0	47.3
Selling Expense	4.6	3.1	5.7	4.8	4.1
General and Administrative Expenses	2.8	5.6	1.6	2.6	2.8
Research and Development Expenses	2.3	2.7	2.1	2.0	1.6
Impairment Loss	-	0.0	0.0	0.0	-
Total Operating Expense	58.5	43.8	70.8	56.4	55.8
Interest Income	0.0	0.1	0.0	0.0	0.0
Gain on Equity Investment	0.2	0.3	0.4	0.6	0.2
Dividend Income	-	0.0	0.1	0.0	-
Gains on Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Gains on Sale of Investments	0.1	0.0	0.0	0.0	0.0
Gain/Loss on Foreign Exchange	0.2	0.0	0.4	-0.1	-0.3
Revaluation Gain on Financial Assets	0.0	0.0	0.0	0.0	0.1
Miscellaneous Income	0.4	1.0	0.5	0.2	0.4
Interest Expense	-0.2	-0.4	-0.2	-0.3	-0.3
Revaluation Loss on Financial Assets	-	0.1	-0.1	0.0	-
Other Investment Loss	-	0.0	0.0	0.0	-
Revaluation Gain/Loss on Fin. Liabilitie	0.0	0.1	-0.1	0.0	0.1
Loss on Equity Investment	-	0.0	0.0	0.0	-
Loss on Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Miscellaneous Disbursements	-0.1	0.0	-0.1	0.3	-0.3
Net Income Before Taxes	5.3	3.5	7.8	10.7	6.7
Provision for Income Taxes	1.0	0.2	1.6	2.0	1.1
Net Income After Taxes	4.3	3.3	6.2	8.6	5.6
Minority Interest	-0.2	-0.1	-0.2	-0.3	-0.2
Net Income Before Extra. Items	4.2	3.1	5.9	8.3	5.4
Net Income	4.2	3.1	5.9	8.3	5.4
Income Available to Com Excl ExtraOrd	4.2	3.1	5.9	8.3	5.4
Income Available to Com Incl ExtraOrd	4.2	3.1	5.9	8.3	5.4
Basic Weighted Average Shares	429.2	429.2	429.2	429.2	429.1
Basic EPS Excluding ExtraOrdinary Items	0.01	0.01	0.01	0.02	0.01
Basic EPS Including ExtraOrdinary Item	0.01	0.01	0.01	0.02	0.01
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	4.2	3.1	5.9	8.3	5.4
Diluted Weighted Average Shares	430.7	434.6	433.3	434.2	432.9
Diluted EPS Excluding ExtraOrd Items	0.01	0.01	0.01	0.02	0.01
Diluted EPS Including ExtraOrd Items	0.01	0.01	0.01	0.02	0.01
DPS-Common Stock	0.00	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	7.7	0.0	0.0	0.0
Normalized Income Before Taxes	5.3	3.5	7.8	10.7	6.7
Inc Tax Ex Impact of Sp Items	1.0	0.2	1.6	2.0	1.1
Normalized Income After Taxes	4.3	3.3	6.2	8.6	5.6
Normalized Inc. Avail to Com.	4.2	3.1	5.9	8.3	5.4
Basic Normalized EPS	0.01	0.01	0.01	0.02	0.01
Diluted Normalized EPS	0.01	0.01	0.01	0.02	0.01
R&D Expense, Supplemental	-	2.7	2.1	2.0	1.6
Interest Capitalized	0.0	-0.1	0.0	0.0	0.0
Interest Expense, Supplemental	0.2	0.4	0.2	0.3	0.3
Depreciation	3.1	3.0	2.7	2.6	2.7
Amortization	0.1	0.0	0.0	0.0	0.0

Annual Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Cash and Cash Equivalent	29.9	21.3	18.8	17.7	17.0
Financial Assets at Fair Value	5.2	7.8	3.0	-	-
Financial Assets-Available for Sale	0.2	0.0	-	-	-
Note Receivable	7.9	6.6	7.7	7.6	5.8
Accounts Receivable, Gross	40.4	40.6	34.2	42.8	33.5
Provision for Doubtful Accounts	-0.6	-0.6	-0.5	-0.8	-0.6
Other Financial Assets - Current	1.2	0.9	1.6	1.2	1.1
Raw Materials	21.7	11.5	23.8	19.5	18.2
Supplies	0.8	0.5	0.5	0.4	0.4
Work-in-Process	14.9	10.9	10.5	11.9	10.3
Finished Goods	45.0	37.9	49.5	46.5	42.6
Inventory in Transit	7.2	5.1	2.1	0.7	1.9
Materials Receivable	-	-	-	-	0.0
Provision for Inventory	-	-	-0.8	-0.6	-0.4
Other Current Assets	4.4	4.0	2.7	4.2	3.2
Total Current Assets	178.1	146.4	153.2	151.1	132.8
Financial Assets for Trading- Non-Curren	6.5	4.4	1.0	0.3	0.8
Financial Assets At Cost- Non-Current	3.8	3.5	2.4	2.3	2.9
Long Term Equity Investment	10.0	8.9	8.5	6.9	5.8
Other Financial Assets - Non-Current	0.7	0.1	1.7	0.4	0.1
Land	20.0	18.2	17.8	18.2	18.1
Buildings	86.4	78.8	73.4	72.9	66.6
Machinery and Equipment	189.4	167.3	158.9	154.1	147.5
Operating Equipment	9.6	8.1	8.1	7.8	7.4
Other Equipment	8.5	8.2	6.2	6.1	5.8
Accumulated Depreciation	-213.6	-187.4	-172.7	-163.8	-150.9
Provision for Impairment of Fixed Assets	-0.7	-0.6	-0.6	-0.6	-0.6
Construction in Progress	6.6	0.5	2.4	0.3	2.0
Prepayment for Equipment	7.8	1.0	2.2	3.6	3.1
Deferred Pension Cost	0.4	0.3	0.2	0.3	0.4
Land Use Right	0.9	0.9	0.9	0.9	0.8
Deferred Charge	-	-	-	-	0.8
Deferred Income Tax Assets - Non Current	0.1	0.4	0.6	0.8	2.1
Restricted Assets	0.1	-	-	-	-
Other Long Term Assets	0.5	0.4	0.8	0.7	-
Total Assets	315.0	259.6	265.0	262.3	245.5
Short Term Borrowings	53.5	32.7	58.3	54.6	53.8
Short Term Notes & Bills Payable	1.0	1.6	4.5	5.5	7.0
Financial Liabilities at Fair Value	0.2	0.3	0.1	-	-
Notes Payable	6.1	4.4	2.9	3.9	4.0
Accounts Payable	12.9	15.5	4.0	7.7	7.1
Tax Payable	2.9	1.4	0.7	0.5	0.9
Accrued Expenses	13.7	8.6	6.3	7.1	5.6
Construction Payable	1.0	0.3	0.1	0.4	0.4
Current Portion of Long Term Debt	1.4	0.0	3.0	0.7	0.7
Other Payable	-	0.0	0.1	-	-
Other Current Liabilities	1.1	1.0	1.0	1.6	1.1
Total Current Liabilities	93.8	65.8	81.1	82.2	80.7
Long Term Borrowings	6.9	12.5	18.3	13.9	0.7
Total Long Term Debt	6.9	12.5	18.3	13.9	0.7
Accrued Pension Liabilities	5.0	2.6	0.6	1.0	1.3
Deferred Income Tax Liabilities	1.2	-	-	-	-
Minority Interest	8.2	7.3	6.6	7.2	8.0
Total Liabilities	115.1	88.3	106.7	104.2	90.7
Common Stock	133.8	121.9	118.3	118.6	116.1
Advance Receipt for Common Stock	0.0	0.1	-	0.0	0.2
Paid in Capital	17.8	16.2	15.2	14.6	14.5
Legal Reserve	19.7	16.9	16.2	16.1	15.6
Special Reserve	0.8	0.8	0.8	0.8	0.8
Retained Profit	27.1	11.7	4.3	5.7	6.5
Cumulative Translation Adjustment	1.2	3.6	4.4	2.5	1.6
Unrealized Gain/Loss on Pension Fund	-4.6	-2.1	-0.2	0.0	-0.2
Unrealized Fin.Asst./LT Invest. G/L.	4.0	2.2	-0.7	-0.1	-0.2
Total Equity	199.9	171.3	158.4	158.1	154.8
Total Liabilities & Shareholders' Equity	315.0	259.6	265.0	262.3	245.5
S/O-Common Stock	429.2	428.9	427.2	416.0	416.0
Total Common Shares Outstanding	429.2	428.9	427.2	416.0	416.0
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Full-Time Employees	1,468	1,394	1,423	1,432	1,381
Shareholder Number	-	27,010	28,772	23,569	25,881
LTD Maturing within 1 year	1.4	-	3.0	0.7	0.7
LTD Maturing within 2 years	6.9	6.3	6.1	0.0	0.7
LTD Maturing within 3 years	-	6.3	6.1	4.6	0.7
LTD Maturing within 4 years	-	-	6.1	6.2	-
LTD Maturing within 5 years	-	-	-	3.1	-
Total Long Term Debt, Supplemental	8.2	12.5	21.3	14.6	2.2
Operating Lease Pymts. Due within 1Year	0.2	-	-	-	-
Operating Lease Payments Due in Year 2	0.2	-	-	-	-
Operating Lease Payments Due in Year 3	0.2	-	-	-	-
Operating Lease Payments Due in Year 4	0.2	-	-	-	-
Operating Lease Payments Due in Year 5	0.2	-	-	-	-
Operating Lease Payments Due in Year 10	0.9	-	-	-	-
Operating Leases - Remaining Payments	0.9	-	-	-	-
Total Operating Leases	2.6	-	-	-	-
Fair Value of Plan Assets	13.2	11.3	15.0	15.6	14.3
Benefit Obligation	22.6	15.1	16.8	17.6	18.0
Funded Status	-9.4	-3.8	-1.9	-2.0	-3.7
Accumulated Benefit Obligation	18.2	13.9	15.6	16.4	-15.7
Total Funded Status	-9.4	-3.8	-1.9	-2.0	-3.7
Discount Rate	1.75%	2.25%	2.75%	2.75%	2.50%
Rate of Compensation Increase	1.50%	1.27%	0.05%	0.05%	1.00%
Expected Rate of Return on Plan Assets	1.75%	2.25%	2.75%	2.75%	2.50%
Accrued Pension Liabilities	-5.0	-2.6	-0.6	-1.0	-1.3
Deferred Pension Cost	0.4	0.3	-	-	-

Interim Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.4065	29.1565	31.2415	32.1315	31.758
Cash and Cash Equivalent	26.8	29.9	24.9	29.4	21.9
Financial Assets at Fair Value	4.1	5.2	3.8	8.4	8.6
Financial Assets-Available for Sale	0.2	0.2	0.1	0.1	0.0
Note Receivable	6.8	7.9	8.2	7.5	6.5
Accounts Receivable, Gross	45.9	40.4	47.9	45.9	44.4
Provision for Doubtful Accounts	-0.6	-0.6	-0.9	-0.6	-0.6
Other Financial Assets - Current	1.1	1.2	1.3	2.0	0.8
Raw Materials	21.9	21.7	20.6	19.2	15.7
Supplies	0.7	0.8	0.7	0.7	0.5
Work-in-Process	14.9	14.9	11.6	11.0	10.5
Finished Goods	50.5	45.0	40.5	35.9	38.8
Inventory in Transit	0.0	7.2	3.6	7.5	0.1
Other Current Assets	8.3	4.4	7.6	4.3	6.6
Total Current Assets	180.7	178.1	169.9	171.5	153.7
Long Term Equity Investment	16.3	10.0	9.1	8.4	9.2
Financial Assets for Trading- Non-Curren	10.0	6.5	-	-	4.5
Financial Assets At Cost- Non-Current	3.8	3.8	3.7	3.5	3.5
Other Financial Assets - Non-Current	1.0	0.7	0.2	0.1	0.2
Fin. Assets-for Sale,Non-Current	-	-	5.2	5.1	-
Land	19.8	20.0	18.7	18.1	18.4
Buildings	86.5	86.4	74.4	78.7	79.3
Machinery and Equipment	191.8	189.4	167.2	167.5	169.2
Office Equipment	9.5	9.6	25.4	8.1	8.0
Other Equipment	8.6	8.5	5.0	7.4	8.1
Accumulated Depreciation	-214.0	-213.6	-197.6	-190.1	-190.7
Provision for Impairment of Fixed Assets	-0.7	-0.7	-0.6	-0.6	-0.6
Construction in Progress	11.9	6.6	4.9	3.6	0.4
Prepayment for Equipment	3.7	7.8	4.4	2.9	2.4
Deferred Pension Cost	0.4	0.4	0.3	0.3	0.3
Land Use Right	1.0	0.9	0.9	0.9	1.0
Deferred Income Tax Assets - Non Current	0.1	0.1	0.3	0.1	0.1
Other Long Term Assets	0.4	0.5	0.2	0.4	0.3
Restricted Assets	0.1	0.1	-	-	0.0
Total Assets	330.7	315.0	291.7	286.0	267.2
Short Term Borrowings	63.3	53.5	45.7	43.2	38.5
Short Term Notes & Bills Payable	1.0	1.0	0.6	0.6	0.6
Financial Assets at Fair Value	0.2	0.2	0.4	0.2	0.3
Current Portion of Long Term Debt	4.8	1.4	1.3	0.0	0.0
Notes Payable	7.6	6.1	7.1	8.2	7.2
Accounts Payable	15.7	12.9	18.6	17.1	14.0
Tax Payable	3.2	2.9	1.2	1.7	0.9
Accrued Expenses	8.4	13.7	9.6	7.7	8.0
Other Payable-Related Parties	0.0	-	0.0	0.0	0.1
Construction Payable	0.4	1.0	0.2	8.8	0.2
Other Current Liabilities	1.2	1.1	2.2	1.7	0.0
Total Current Liabilities	105.7	93.8	86.8	89.2	69.8
Long Term Borrowings	3.4	6.9	6.4	9.3	9.4
Total Long Term Debt	3.4	6.9	6.4	9.3	9.4
Accrued Pension Liabilities	5.0	5.0	2.5	2.5	2.5
Deferred Income Tax Liabilities	1.4	1.2	1.3	0.6	0.1
Minority Interest	8.8	8.2	7.8	7.7	7.4
Total Liabilities	124.4	115.1	104.7	109.3	89.3
Common Stock	132.7	133.8	124.9	121.4	122.9
Advance Receipt for Common Stock	-	0.0	0.0	-	-
Paid in Capital	19.7	17.8	16.7	16.2	16.3
Legal Reserve	19.5	19.7	18.3	17.8	17.0
Special Reserve	0.8	0.8	0.8	0.8	0.8
Retained Profit	31.0	27.1	22.2	15.7	17.2
Unrealized Fin.Asst./LT Invest. G/L.	5.2	4.0	2.9	3.0	2.3
Cumulative Translation Adjustment	2.0	1.2	3.3	3.9	3.4
Unrealised Gain/Loss on Pension Fund	-4.5	-4.6	-2.1	-2.1	-2.1
Total Equity	206.3	199.9	187.0	176.8	177.9
Total Liabilities & Shareholders' Equity	330.7	315.0	291.7	286.0	267.2
S/O-Common Stock	429.2	429.2	429.2	429.2	429.2
Total Common Shares Outstanding	429.2	429.2	429.2	429.2	429.2
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Full-Time Employees	-	1,468	-	1,458	-
LTD Maturing within 1 year	-	1.4	1.3	-	-
LTD Maturing within 2 year	-	6.9	6.4	6.2	6.3
LTD Maturing within 3 year	-	-	-	3.1	3.1
Total Long Term Debt, Supplemental	-	8.2	7.7	9.3	9.4
Operating Lease Pymts. Due within 1Year	-	0.2	-	-	-
Operating Lease Payments Due in Year 2	-	0.2	-	-	-
Operating Lease Payments Due in Year 3	-	0.2	-	-	-
Operating Lease Payments Due in Year 4	-	0.2	-	-	-
Operating Lease Payments Due in Year 5	-	0.2	-	-	-
Operating Lease Payments Due in Year 10	-	0.9	-	-	-
Operating Leases - Remaining Payments	-	0.9	-	-	-
Total Operating Leases	-	2.6	-	-	-
Deferred Pension Cost	-	0.4	-	0.3	0.3
Accrued Pension Liabilities	-	-5.0	-	-2.5	-2.5

Annual Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Net Income	23.8	10.0	2.9	3.3	4.3
Depreciation	11.0	11.3	13.2	13.5	14.8
Amortization Expense	0.1	0.2	0.2	0.1	0.6
Gain on Finl. Assets Revaluation & Laiab	-0.1	0.2	0.0	0.0	0.0
Provision for Bad Debts	0.1	1.0	-0.1	0.3	0.1
Inventory Devaluation & Obsolescence	0.2	0.2	0.2	0.1	0.1
Provision of Impairment for Fixed Assets	-	-	-	-	0.0
Equity Investment Gain/Loss	-1.5	-1.5	-1.8	-1.5	-0.1
Other Investment	0.0	0.2	0.2	-	-
Cost Method Investment Gain/Loss	-	-	-	1.0	0.2
Cash Dividend for LT Equity Investment	1.3	0.8	1.2	-	-
Cash Dividend fr Cost Method Investment	-	-	-	0.7	-
Gain on Sale of Investments	0.0	-1.9	-0.5	-3.0	-0.4
Net Loss on Disposal of Fixed Assets	0.0	0.0	0.0	0.1	0.1
Note Receivable	-0.5	1.2	-0.2	-1.7	0.4
Accounts Receivable and Overdue Accounts	3.8	-4.7	6.5	-9.3	-2.4
Inventory	-16.4	21.2	-8.5	-5.4	-11.4
Other Financial Assets	-0.3	0.8	-0.5	-0.1	-0.5
Other Current Assets	-0.5	-1.5	1.0	-0.5	0.3
Deferred Tax	1.8	0.5	0.7	0.9	1.7
Note Payable	1.1	1.4	-1.0	-0.1	-3.0
Accounts Payable	-3.8	11.1	-3.7	0.5	-1.5
Tax Payable	1.3	0.6	0.2	-0.4	0.7
Accrued Expenses	4.0	2.0	-0.7	1.5	0.0
Other Current Liabilities	0.0	0.0	-0.6	0.5	0.2
Accrued Pension Liabilities	-0.2	0.0	-0.4	0.0	-0.1
Cash from Operating Activities	25.3	53.2	8.1	0.7	3.9
Financial Assets At Fair Value- Decrease	10.5	18.2	-3.2	0.0	0.0
Financial Assets-Fair Value Increase	-7.3	-22.7	-	-	-
Equity Investments Increase	-0.3	-1.8	-1.9	-0.3	-6.0
Equity Investments Decrease	0.0	3.0	0.6	3.8	0.8
Capital Paid in Advance	-	-	-	0.0	0.5
Capital Expenditure	-21.0	-7.5	-11.2	-12.7	-11.9
Disposal of Fixed Assets	0.1	0.0	0.3	0.0	0.1
Land Use Rights- Increase	-	-	-	0.0	-0.8
Other Financial Assets- Increase	-0.6	0.1	0.1	-0.1	0.0
Deferred Charges	-	-	-	0.0	-0.7
Restricted Assets	-0.1	-	-	-	-
Other Assets	-0.1	0.2	-0.3	-	-
Cash from Investing Activities	-18.7	-10.6	-15.5	-9.3	-18.0
Short Term Borrowing, Net	16.3	-26.3	4.6	0.5	22.5
Short Term Notes, Net	-0.6	-3.0	-1.0	-1.5	0.0
Other Payable-Related Parties	0.0	-0.1	0.1	-	-
Long Term Borrowings	-	-	7.9	13.7	-
Repayment of LT Borrowings	-5.1	-9.1	-0.8	-0.7	-1.1
Repayment of Corporate Bond	-	-	-	-	0.0
Director Remuneration & Employee Bonus	-	-	-0.2	-0.3	-0.3
Dividend Paid	-8.7	-2.4	-3.7	-3.5	-5.8
Issuance of Stock fr Employee Opt.	0.0	0.6	1.2	1.8	0.9
Minority Interest	-0.4	-	-0.6	-1.2	0.0
Cash from Financing Activities	1.5	-40.2	7.4	8.9	16.3
Foreign Exchange Effects	-2.1	-0.3	1.3	0.5	0.1
Net Change in Cash	6.0	2.0	1.3	0.7	2.2
Net Cash - Beginning Balance	21.7	18.7	18.2	16.8	14.8
Net Cash - Ending Balance	27.7	20.7	19.6	17.5	17.0
Cash Interest Paid	1.1	1.9	3.4	2.8	2.2
Cash Taxes Paid	1.8	0.6	1.2	1.4	0.4

Interim Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	12 Months	9 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.305764	31.497037	31.886422	31.875049	31.921093
Net Income	4.3	23.8	20.4	14.3	5.6
Depreciation	3.1	11.0	8.1	5.3	2.7
Amortization Expense	0.1	0.1	0.0	0.0	0.0
Provision for Bad Debts	0.0	0.1	0.0	0.1	0.0
Inventory Devaluation & Obsolescence	-0.1	0.2	0.1	0.0	0.0
Equity Investment Gain/Loss	-0.2	-1.5	-1.2	-0.8	-0.2
Cash Dividend fr. Equity Mtd Investment	-	1.3	1.3	0.0	-
Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Gain on Sale of Investments	-	0.0	0.0	0.0	-
Other Investment Loss	-0.1	0.0	0.0	0.0	0.0
Gain on Finl. Assets Revaluation & Laiab	0.0	-0.1	0.1	-0.1	-0.1
Deferred Tax	0.4	1.8	1.7	1.1	0.3
Note Receivable	1.0	-0.5	-1.4	-0.9	0.2
Accounts Receivable	-	-	-	-5.6	-
Accounts Receivable and Overdue Accounts	-5.9	3.8	-5.9	-	-3.5
Inventory	0.8	-16.4	-9.6	-9.1	0.6
Other Financial Assets	0.1	-0.3	-0.4	-1.2	0.1
Other Current Assets	-4.1	-0.5	-3.7	0.8	-2.5
Note Payable	1.5	1.1	2.5	3.8	2.7
Accounts Payable	2.9	-3.8	2.7	1.6	-1.7
Tax Payable	0.3	1.3	-0.2	0.4	-0.5
Accrued Expense	-5.2	4.0	0.8	-0.9	-0.7
Other Current Liabilities	0.1	0.0	1.1	0.7	-1.0
Accrued Pension Liabilities	0.1	-0.2	-0.2	-0.2	-0.1
Cash from Operating Activities	-0.9	25.3	16.1	9.5	2.1
Financial Asset at Fair Value- Increase	-4.1	-7.3	-4.4	-0.6	-0.6
Financial Asset at Fair Value- Decrease	5.1	10.5	8.5	-	-
Long Term Investments Increase	-	-	-	-	0.0
Finl. Assts for Sale, Increase	-2.3	-	-0.3	-	-
Finl. Assts for Sale, Decrease	-	-	0.0	-	-
Equity Investments Increase	-4.0	-0.3	-	-0.1	-
Equity Investments Decrease	0.1	0.0	-	0.0	-
Capital Expenditure	-7.6	-21.0	-12.1	-7.0	-2.5
Disposal of Fixed Assets	0.0	0.1	0.2	0.1	0.0
Other Financial Assets	-0.3	-0.6	-0.1	0.0	-0.1
Restricted Assets	-	-0.1	-	-	-
Other Assets	0.0	-0.1	0.2	0.0	0.1
Cash from Investing Activities	-13.0	-18.7	-8.1	-7.7	-3.0
Short Term Borrowings Increase	10.3	-	11.9	10.7	5.5
Short Term Borrowings Decrease	-	16.3	-	-	-
Short Term Notes	0.0	-0.6	-0.9	-0.9	-0.9
Other Payable-Related Parties	0.0	0.0	0.0	0.0	0.1
Repayment of LT Borrowings	0.0	-5.1	-5.0	-3.1	-3.1
Cash Dividend	-	-8.7	-8.6	-	-
Issuance of Stock fr Employee Opt.	-	0.0	0.0	-	-
Minority Interest	0.4	-0.4	-0.4	-0.1	-0.1
Cash from Financing Activities	10.7	1.5	-3.0	6.5	1.4
Foreign Exchange Effects	0.3	-2.1	-2.1	-0.1	-0.2
Net Change in Cash	-2.9	6.0	2.9	8.2	0.4
Net Cash - Beginning Balance	29.8	21.7	21.4	21.4	21.4
Net Cash - Ending Balance	26.9	27.7	24.3	29.7	21.8
Cash Interest Paid	0.2	1.1	0.8	0.6	0.3
Cash Taxes Paid	0.2	1.8	3.3	1.5	1.1

Geographic Segments

Financials in: As Reported (mil)

Annual

External Revenue   USD (mil)
	31-Dec-10				31-Dec-09			31-Dec-08				31-Dec-07			31-Dec-06
Taiwan	156.8		61.8 %		125.5		64 %	137.2		61.1 %		127.7		61.1 %	113.3			63.4 %
Other Foreign Countries	96.8		38.2 %		70.7		36 %	87.3		38.9 %		81.5		38.9 %	65.5			36.6 %
Segment Total	253.6		100 %		196.3		100 %	224.5		100 %		209.1		100 %	178.8			100 %
Intercompany Eliminations	-		-		-		-	-		-		0.0		0 %	0.0			0 %
Consolidated Total	253.6		100 %		196.3		100 %	224.5		100 %		209.1		100 %	178.8			100 %
Exchange Rate: TWD to USD	31.497037				33.023867			31.543497				32.848802			32.525305
Intersegment Revenue   USD (mil)
	31-Dec-10			31-Dec-09					31-Dec-08				31-Dec-07			31-Dec-06
Taiwan	80.9	92.3 %		61.3		93.5 %			70.5		100 %		73.6	100 %		54.6	100 %
Other Foreign Countries	6.7	7.7 %		4.2		6.5 %			-		-		0.0	0 %		0.0	0 %
Segment Total	87.6	100 %		65.5		100 %			70.5		100 %		73.6	100 %		54.6	100 %
Intercompany Eliminations	-87.6	-100 %		-65.5		-100 %			-70.5		-100 %		-73.6	-100 %		-54.6	-100 %
Consolidated Total	0.0	0 %		0.0		0 %			0.0		0 %		0.0	0 %		0.0	0 %
Exchange Rate: TWD to USD	31.497037			33.023867					31.543497				32.848802			32.525305

Total Revenue   USD (mil)
	31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07				31-Dec-06
Taiwan	237.7		69.7 %		186.8		71.4 %		207.7		70.4 %		201.3		71.2 %		168.0		71.9 %
Other Foreign Countries	103.5		30.3 %		75.0		28.6 %		87.3		29.6 %		81.5		28.8 %		65.5		28.1 %
Segment Total	341.2		100 %		261.8		100 %		295.0		100 %		282.7		100 %		233.5		100 %
Intercompany Eliminations	-87.6		-25.7 %		-65.5		-25 %		-70.5		-23.9 %		-73.6		-26 %		-54.6		-23.4 %
Consolidated Total	253.6		74.3 %		196.3		75 %		224.5		76.1 %		209.1		74 %		178.8		76.6 %
Exchange Rate: TWD to USD	31.497037				33.023867				31.543497				32.848802				32.525305
Gross Profit   USD (mil)
		31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07				31-Dec-06
Taiwan		24.3		91.4 %		10.0		104.7 %		3.4		69.5 %		1.3		46.6 %		6.9		87.6 %
Other Foreign Countries		2.3		8.6 %		-0.4		-4.7 %		1.5		30.5 %		1.5		53.4 %		1.0		12.4 %
Segment Total		26.6		100 %		9.5		100 %		4.9		100 %		2.8		100 %		7.9		100 %
Intercompany Eliminations		-0.2		-0.8 %		0.2		2.1 %		0.4		9.1 %		0.6		20.9 %		0.6		7.6 %
Corporate Expense/Other		2.4		9.1 %		2.1		21.8 %		-0.5		-10.6 %		1.9		68.2 %		-1.4		-18.1 %
Consolidated Total		28.8		108.3 %		11.8		123.8 %		4.8		98.5 %		5.2		189 %		7.1		89.4 %
Exchange Rate: TWD to USD		31.497037				33.023867				31.543497				32.848802				32.525305

Gross Margin (%)
				31-Dec-10			31-Dec-09		31-Dec-08			31-Dec-07			31-Dec-06
Taiwan				10.2		-	5.3	-	1.6		-	0.6		-	4.1		-
Other Foreign Countries				2.2		-	-0.6	-	1.7		-	1.8		-	1.5		-
Segment Total				7.8		-	3.6	-	1.7		-	1.0		-	3.4		-
Intercompany Eliminations				0.2		-	-0.3	-	-0.6		-	-0.8		-	-1.1		-
Consolidated Total				11.4		-	6.0	-	2.2		-	2.5		-	4.0		-
Total Assets   USD (mil)
	31-Dec-10		31-Dec-09				31-Dec-08			31-Dec-07			31-Dec-06
Taiwan	201.7	72.3 %	154.9		76.1 %		183.6	80.2 %		196.1		79.7 %	198.0			85.3 %
Other Foreign Countries	77.1	27.7 %	48.6		23.9 %		45.4	19.8 %		50.0		20.3 %	34.1			14.7 %
Segment Total	278.8	100 %	203.5		100 %		229.0	100 %		246.1		100 %	232.1			100 %
Intercompany Eliminations	-21.6	-7.8 %	-19.4		-9.5 %		-14.4	-6.3 %		-20.3		-8.3 %	-15.5			-6.7 %
Corporate Expense/Other	57.9	20.8 %	75.5		37.1 %		50.5	22 %		36.6		14.9 %	28.9			12.4 %
Consolidated Total	315.0	113 %	259.6		127.6 %		265.0	115.7 %		262.3		106.6 %	245.5			105.8 %
Exchange Rate: TWD to USD	29.156500		31.985000				32.818000			32.434500			32.585000

Business Segments

Financials in: As Reported (mil)

Annual

External Revenue   USD (mil)
	31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07			31-Dec-06
Dye	151.3		59.7 %		122.6		62.5 %		153.6		68.4 %		149.9		71.7 %	122.1		68.3 %
Specialized Chemical	42.4		16.7 %		27.3		13.9 %		33.5		14.9 %		27.7		13.2 %	23.3		13 %
Medicinal	9.1		3.6 %		8.3		4.2 %		7.0		3.1 %		7.1		3.4 %	6.3		3.5 %
Electronic Chemical	22.8		9 %		13.8		7 %		11.1		5 %		9.5		4.5 %	15.0		8.4 %
Nano Technology	0.1		0 %		0.6		0.3 %		0.3		0.1 %		0.0		0 %	0.0		0 %
Carbon Black	28.0		11 %		23.6		12 %		19.0		8.5 %		14.9		7.1 %	12.1		6.8 %
Segment Total	253.6		100 %		196.3		100 %		224.5		100 %		209.1		100 %	178.8		100 %
Intercompany Eliminations	-		-		-		-		-		-		0.0		0 %	0.0		0 %
Consolidated Total	253.6		100 %		196.3		100 %		224.5		100 %		209.1		100 %	178.8		100 %
Exchange Rate: TWD to USD	31.497037				33.023867				31.543497				32.848802			32.525305
Intersegment Revenue   USD (mil)
	31-Dec-10			31-Dec-09				31-Dec-08				31-Dec-07				31-Dec-06
Dye	73.0	83.3 %		56.5		86.3 %		63.9		90.6 %		67.3		91.5 %		51.0	93.3 %
Specialized Chemical	-	-		-		-		-		-		0.0		0 %		0.0	0 %
Medicinal	-	-		-		-		-		-		0.0		0 %		0.0	0 %
Electronic Chemical	-	-		-		-		-		-		0.0		0 %		0.0	0 %
Nano Technology	-	-		-		-		-		-		0.0		0 %		0.0	0 %
Carbon Black	14.6	16.7 %		9.0		13.7 %		6.6		9.4 %		6.3		8.5 %		3.6	6.7 %
Segment Total	87.6	100 %		65.5		100 %		70.5		100 %		73.6		100 %		54.6	100 %
Intercompany Eliminations	-87.6	-100 %		-65.5		-100 %		-70.5		-100 %		-73.6		-100 %		-54.6	-100 %
Consolidated Total	0.0	0 %		0.0		0 %		0.0		0 %		0.0		0 %		0.0	0 %
Exchange Rate: TWD to USD	31.497037			33.023867				31.543497				32.848802				32.525305

Total Revenue   USD (mil)
	31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07			31-Dec-06
Dye	224.3		65.7 %		179.1		68.4 %		217.5		73.7 %		217.3		76.8 %	173.1			74.1 %
Specialized Chemical	42.4		12.4 %		27.3		10.4 %		33.5		11.4 %		27.7		9.8 %	23.3			10 %
Medicinal	9.1		2.7 %		8.3		3.2 %		7.0		2.4 %		7.1		2.5 %	6.3			2.7 %
Electronic Chemical	22.8		6.7 %		13.8		5.3 %		11.1		3.8 %		9.5		3.3 %	15.0			6.4 %
Nano Technology	0.1		0 %		0.6		0.2 %		0.3		0.1 %		0.0		0 %	0.0			0 %
Carbon Black	42.6		12.5 %		32.6		12.5 %		25.6		8.7 %		21.2		7.5 %	15.7			6.7 %
Segment Total	341.2		100 %		261.8		100 %		295.0		100 %		282.7		100 %	233.5			100 %
Intercompany Eliminations	-87.6		-25.7 %		-65.5		-25 %		-70.5		-23.9 %		-73.6		-26 %	-54.6			-23.4 %
Consolidated Total	253.6		74.3 %		196.3		75 %		224.5		76.1 %		209.1		74 %	178.8			76.6 %
Exchange Rate: TWD to USD	31.497037				33.023867				31.543497				32.848802			32.525305
Gross Profit   USD (mil)
	31-Dec-10			31-Dec-09				31-Dec-08				31-Dec-07					31-Dec-06
Dye	12.0	45.2 %		0.9		9.9 %		6.2		126.3 %		6.4		230.8 %			9.1	115.4 %
Specialized Chemical	6.6	24.8 %		2.5		26.6 %		-1.4		-28.5 %		-3.2		-116 %			-2.7	-33.5 %
Medicinal	2.3	8.8 %		2.9		30.7 %		0.4		7.3 %		0.4		13.2 %			0.5	6.4 %
Electronic Chemical	1.0	3.7 %		-0.6		-5.9 %		-1.4		-28.9 %		-2.0		-72.1 %			1.0	12.3 %
Nano Technology	-0.2	-0.9 %		-0.1		-1.3 %		-0.4		-9 %		-0.7		-24.7 %			-0.8	-10.5 %
Carbon Black	4.9	18.3 %		3.8		40 %		1.6		32.8 %		1.9		68.8 %			0.8	9.9 %
Segment Total	26.6	100 %		9.5		100 %		4.9		100 %		2.8		100 %			7.9	100 %
Intercompany Eliminations	-0.2	-0.8 %		0.2		2.1 %		0.4		9.1 %		0.6		20.9 %			0.6	7.6 %
Corporate Expense	2.4	9.1 %		2.1		21.8 %		-0.5		-10.6 %		1.9		68.2 %			-	-
Consolidated Total	28.8	108.3 %		11.8		123.8 %		4.8		98.5 %		5.2		189 %			8.5	107.6 %
Exchange Rate: TWD to USD	31.497037			33.023867				31.543497				32.848802					32.525305

Gross Margin (%)
			31-Dec-10			31-Dec-09				31-Dec-08			31-Dec-07		31-Dec-06
Dye			5.4		-	0.5		-		2.8		-	2.9	-	5.3		-
Specialized Chemical			15.6		-	9.3		-		-4.2		-	-11.6	-	-11.4		-
Medicinal			25.8		-	35.1		-		5.1		-	5.1	-	8.0		-
Electronic Chemical			4.3		-	-4.1		-		-12.8		-	-21.0	-	6.5		-
Nano Technology			-222.7		-	-21.8		-		-163.0		-	-2,192.8	-	-7,132.0		-
Carbon Black			11.4		-	11.7		-		6.3		-	9.0	-	5.0		-
Segment Total			7.8		-	3.6		-		1.7		-	1.0	-	3.4		-
Intercompany Eliminations			0.2		-	-0.3		-		-0.6		-	-0.8	-	-1.1		-
Consolidated Total			11.4		-	6.0		-		2.2		-	2.5	-	4.8		-
Depreciation   USD (mil)
	31-Dec-10		31-Dec-09				31-Dec-08				31-Dec-07			31-Dec-06
Dye	3.9	38.5 %	4.1	40.2 %			4.9		40 %		5.3		40.8 %	5.8		41.1 %
Specialized Chemical	1.8	17.6 %	1.9	18.1 %			2.4		19.8 %		2.7		21 %	3.1		22.1 %
Medicinal	0.6	6.1 %	0.8	8.3 %			1.2		9.7 %		1.3		10.1 %	1.6		11.5 %
Electronic Chemical	1.2	11.7 %	1.3	12.5 %			1.4		11.4 %		1.5		11.5 %	1.6		11 %
Nano Technology	0.1	1.3 %	0.1	1.4 %			0.2		1.3 %		0.2		1.3 %	0.2		1.3 %
Carbon Black	2.5	24.8 %	2.0	19.5 %			2.2		17.7 %		2.0		15.2 %	1.8		13 %
Segment Total	10.1	100 %	10.3	100 %			12.2		100 %		12.9		100 %	14.1		100 %
Intercompany Eliminations	-	-	-	-			-		-		0.0		0 %	0.0		0 %
Consolidated Total	10.1	100 %	10.3	100 %			12.2		100 %		12.9		100 %	14.1		100 %
Exchange Rate: TWD to USD	31.497037		33.023867				31.543497				32.848802			32.525305

Total Assets   USD (mil)
	31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07				31-Dec-06
Dye	151.4		54.3 %		114.9		56.5 %		145.5		63.5 %		159.6		64.9 %		139.0		59.9 %
Specialized Chemical	36.2		13 %		29.0		14.3 %		31.3		13.7 %		34.1		13.9 %		38.7		16.7 %
Medicinal	9.2		3.3 %		8.5		4.2 %		8.8		3.9 %		11.5		4.7 %		13.5		5.8 %
Electronic Chemical	23.7		8.5 %		15.4		7.5 %		16.1		7 %		15.6		6.3 %		16.7		7.2 %
Nano Technology	0.8		0.3 %		0.9		0.5 %		1.1		0.5 %		1.2		0.5 %		1.3		0.6 %
Carbon Black	57.3		20.6 %		34.8		17.1 %		26.3		11.5 %		24.0		9.8 %		22.9		9.9 %
Segment Total	278.8		100 %		203.5		100 %		229.0		100 %		246.1		100 %		232.1		100 %
Intercompany Eliminations	-21.6		-7.8 %		-19.4		-9.5 %		-14.4		-6.3 %		-20.3		-8.3 %		-15.5		-6.7 %
Corporate Expense	57.9		20.8 %		75.5		37.1 %		50.5		22 %		36.6		14.9 %		28.9		12.4 %
Consolidated Total	315.0		113 %		259.6		127.6 %		265.0		115.7 %		262.3		106.6 %		245.5		105.8 %
Exchange Rate: TWD to USD	29.156500				31.985000				32.818000				32.434500				32.585000
Purchase of Fixed Assets   USD (mil)
		31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07				31-Dec-06
Dye		3.1		15.4 %		1.8		24.1 %		3.9		42.2 %		8.0		66.1 %		5.0		42.6 %
Specialized Chemical		1.3		6.3 %		0.4		6 %		0.7		7.8 %		0.9		7.2 %		1.2		10.4 %
Medicinal		1.4		6.7 %		0.2		2.3 %		0.3		3.4 %		0.2		1.6 %		0.4		3.4 %
Electronic Chemical		1.1		5.3 %		0.1		0.9 %		0.8		8.2 %		1.7		13.9 %		3.5		30.3 %
Nano Technology		0.0		0 %		0.0		0.1 %		0.0		0.2 %		0.0		0.4 %		0.2		1.7 %
Carbon Black		13.6		66.4 %		4.9		66.6 %		3.5		38.2 %		1.3		10.7 %		1.4		11.6 %
Segment Total		20.5		100 %		7.3		100 %		9.3		100 %		12.1		100 %		11.7		100 %
Intercompany Eliminations		-		-		-		-		-		-		0.0		0 %		0.0		0 %
Consolidated Total		20.5		100 %		7.3		100 %		9.3		100 %		12.1		100 %		11.7		100 %
Exchange Rate: TWD to USD		31.497037				33.023867				31.543497				32.848802				32.525305

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.24
UK Pound	1	Rs.73.88
Euro	1	Rs.65.06

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.