MIRA INFORM REPORT

Report Date :

17.11.2011

IDENTIFICATION DETAILS

Name :	ACELON CHEMICALS & FIBER CO.
Registered Office :	94 Fan Chin Road, Puyan Township, Changhua County
Country :	Taiwan
Financials (as on) :	31.12.2010
Date of Incorporation :	22.07.1988
Legal Form :	Public Independent
Line of Business :	production and distribution of textile chemical filaments and yarns

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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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 & address

Bottom of Form

Acelon Chemicals & Fiber Co.

94 Fan Chin Road

Puyan Township, Changhua County,

Taiwan

Tel: 886-4-8652321

Fax: 886-4-8656171

Web: www.acelon.com.tw

Synthesis

Employees: 469

Company Type: Public Independent

Traded:

Taiwan Stock Exchange:1466

Incorporation Date: 22-Jul-1988

Auditor: EnWise CPAs & Co.

Financials in: USD (Millions)

Fiscal Year End: 31-Dec-2010

Reporting Currency: Taiwanese New Dollar

Annual Sales: 179.9 1

Net Income: 9.0

Total Assets: 80.7 2

Market Value: 104.6

(15-Jul-2011)

Business Description

Acelon Chemicals & Fiber Co. is a Taiwan-based company engaged in production and distribution of textile chemical filaments and yarns. The Company provides nylon filaments, polyester filaments, nylon textured yarns, polyester textured yarns, extra-thin compound yarns and compound textured yarns, among others. Its products are applied in manufacture of garments, umbrellas, industrial fabrics, bags and decorations, among others. During the year ended December 31, 2009, the Company obtained approximately 54% and 35% of its total revenue from nylon filaments and nylon textured yarns, respectively. The Company distributes its products principally in Taiwan, mainland China, Europe, the Americas, North Africa and Middle East, among others. For the nine months ended 30 September 2010, Acelon Chemicals & Fiber Co.'s revenues increased 76% to NT$3.88B. Net income totaled NT$174.6M, up from NT$40.2M. Revenues reflect huge growth in sales volume due to market demand for the company's products and sophisticated marketing strategy. Net income also benefited from higher gross profit margin and lower foreign exchange losses as well as lower miscellaneous disbursements.

Industry

Industry Chemicals - Plastics and Rubber

ANZSIC 2006: 1829 - Other Basic Polymer Manufacturing

NACE 2002: 2470 - Manufacture of man-made fibres

NAICS 2002: 325222 - Noncellulosic Organic Fiber Manufacturing

UK SIC 2003: 2470 - Manufacture of man-made fibres

US SIC 1987: 2824 - Manmade Organic Fibers, Except Cellulosic

Key Executives

Name	Title
Meihong Zhang	Section Chief-Finance
Zezhong Lin	Deputy General Manager
Wen-Tung Chou	President
Xiuqing Chen	Chairman of the Board
Wendong Zhou	General Manager, Director

Significant Developments

Topic	#*	Most Recent Headline	Date
Officer Changes	1	Acelon Chemicals & Fiber Co. Announces Resignation of Chairman	22-Apr-2011
Equity Financing / Related	3	Acelon Chemicals & Fiber Co. Prices Rights Issue	25-Oct-2010
Debt Financing / Related	1	Acelon Chemicals & Fiber Co. to Issue Secured Convertible Corporate Bonds	6-Apr-2011
Dividends	2	Acelon Chemicals & Fiber Co. Announces FY 2010 Dividend Payment Date	7-Jun-2011

Financial Summary

As of 31-Mar-2011

Key Ratios	Company	Industry
Current Ratio (MRQ)	1.47	2.03
Quick Ratio (MRQ)	0.82	1.20
Debt to Equity (MRQ)	0.24	0.95
Sales 5 Year Growth	11.31	1.42
Net Profit Margin (TTM) %	6.29	4.60
Return on Assets (TTM) %	16.81	3.98
Return on Equity (TTM) %	37.45	12.15

Stock Snapshot

Traded: Taiwan Stock Exchange: 1466

As of 15-Jul-2011

   Financials in: TWD

Recent Price	31.70	EPS	4.72
52 Week High	41.63	Price/Sales	0.53
52 Week Low	13.26	Dividend Rate	0.29
Avg. Volume (mil)	2.22	Price/Earnings	8.29
Market Value (mil)	3,019.80	Price/Book	2.32
		Beta	1.15

	Price % Change	Rel S&P 500%
4 Week	9.89%	10.68%
13 Week	-10.41%	-8.92%
52 Week	132.72%	109.09%
Year to Date	-6.21%	-1.86%

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
94 Fan Chin Road
Puyan Township, Changhua County, Taiwan

Tel:	886-4-8652321
Fax:	886-4-8656171

Web: www.acelon.com.tw

Quote Symbol - Exchange
1466 - Taiwan Stock Exchange
Sales TWD(mil):	5,666.7
Assets TWD(mil):	2,354.0
Employees:	469
Fiscal Year End:	31-Dec-2010

Industry:	Chemicals - Plastics and Rubber

Incorporation Date:	22-Jul-1988
Company Type:	Public Independent
Quoted Status:	Quoted

Chairman of the Board:	Xiuqing Chen

Company Web Links

Company Contact/E-mail

Corporate History/Profile

Home Page

News Releases

Products/Services

Contents Industry Codes Business Description Financial Data Market Data

Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
1829	-	Other Basic Polymer Manufacturing

NACE 2002 Codes:
2470	-	Manufacture of man-made fibres

NAICS 2002 Codes:
325222	-	Noncellulosic Organic Fiber Manufacturing

US SIC 1987:
2824	-	Manmade Organic Fibers, Except Cellulosic

UK SIC 2003:
2470	-	Manufacture of man-made fibres

Business Description

Acelon Chemicals & Fiber Co. is a Taiwan-based company engaged in production and distribution of textile chemical filaments and yarns. The Company provides nylon filaments, polyester filaments, nylon textured yarns, polyester textured yarns, extra-thin compound yarns and compound textured yarns, among others. Its products are applied in manufacture of garments, umbrellas, industrial fabrics, bags and decorations, among others. During the year ended December 31, 2009, the Company obtained approximately 54% and 35% of its total revenue from nylon filaments and nylon textured yarns, respectively. The Company distributes its products principally in Taiwan, mainland China, Europe, the Americas, North Africa and Middle East, among others. For the nine months ended 30 September 2010, Acelon Chemicals & Fiber Co.'s revenues increased 76% to NT$3.88B. Net income totaled NT$174.6M, up from NT$40.2M. Revenues reflect huge growth in sales volume due to market demand for the company's products and sophisticated marketing strategy. Net income also benefited from higher gross profit margin and lower foreign exchange losses as well as lower miscellaneous disbursements.

More Business Descriptions

Manufacture of nylon and polyester filaments

Financial Data

Financials in:	TWD(mil)
Revenue:	5,666.7
Net Income:	284.3
Assets:	2,354.0
Long Term Debt:	160.1
Total Liabilities:	1,052.2
Working Capital:	-0.1
Date of Financial Data:	31-Dec-2010

1 Year Growth

77.8%

372.0%

23.2%

Market Data

Quote Symbol:	1466
Exchange:	Taiwan Stock Exchange
Currency:	TWD
Stock Price:	31.7
Stock Price Date:	07-15-2011
52 Week Price Change %:	132.7
Market Value (mil):	3,019,796.0
SEDOL:	6111252
ISIN:	TW0001466001

Equity and Dept Distribution:

The Company started reporting consolidated fncls from 2005. FY'05 B/S reclassified. 11/2010, Rights Issue, 20.95036 new shares for every 100 shares hel held @ TWD 20.50 (Factor: 1.055338). 07/2011, 4% stock dividend(Factor:1.04).

Key Corporate Relationships

Auditor:	EnWise CPAs & Co.
Auditor:	EnWise CPA & Co, EnWise CPAs & Co.

Executives Report

Board of Directors

Name	Title	Function
Hsiu-Ching Chen	Chairman	Chairman
Xiuqing Chen	Chairman of the Board	Chairman
Reuters Biography (Acelon Chemicals & Fiber Co.) Chen Xiuqing has been Chairman of the Board in Acelon Chemicals & Fiber Corp since August 25, 2000. Chen also serves as Director in three other companies.
Mingyi Lai	Director	Director/Board Member
Reuters Biography (Acelon Chemicals & Fiber Co.) Lai Mingyi has been Director in Acelon Chemicals & Fiber Corp since June 18, 2003. Lai is also Special Assistant to General Manager's Office in the Company. Lai also serves as Director in two other companies.
Yisheng Lin	Director	Director/Board Member
Reuters Biography (Acelon Chemicals & Fiber Co.) Lin Yisheng has been serving as Director in Acelon Chemicals & Fiber Corp since June 26, 2009. Lin also serves as Director in an industrial company. MBA , National Changhua University of Education
Dawen Sun	Director	Director/Board Member
B Business Administration, Fu Jen Catholic University
Shuhui Wu	Director	Director/Board Member
Duanzheng Zhang	Director	Director/Board Member
Wendong Zhou	General Manager, Director	Director/Board Member
Reuters Biography (Acelon Chemicals & Fiber Co.) Mr. Zhou Wendong has been General Manager and Director in Acelon Chemicals & Fiber Corp since February 1, 1996. He also serves as Director in two other companies.

Executives

Name	Title	Function
Wen-Tung Chou	President	President
Wendong Zhou	General Manager, Director	Division Head Executive
Reuters Biography (Acelon Chemicals & Fiber Co.) Mr. Zhou Wendong has been General Manager and Director in Acelon Chemicals & Fiber Corp since February 1, 1996. He also serves as Director in two other companies.
Meihong Zhang	Section Chief-Finance	Finance Executive
Zezhong Lin	Deputy General Manager	Other

Significant Developments

Acelon Chemicals & Fiber Co. Announces FY 2010 Dividend Payment Date

Jun 07, 2011

Acelon Chemicals & Fiber Co. announced that it will pay a cash dividend of NTD 0.3 per share, and distribute stock dividends worth NTD 0.4 per share, to shareholders of record on July 10, 2011. The Company's shares will be traded ex-right and ex-dividend on July 4, 2011.

Acelon Chemicals & Fiber Co. Announces Resignation of Chairman

Apr 22, 2011

Acelon Chemicals & Fiber Co. announced the resignation of Ms. Chen Xiuqing as Chairman of the Board, effective April 22, 2011.

Acelon Chemicals & Fiber Co. to Issue Secured Convertible Corporate Bonds

Apr 06, 2011

Acelon Chemicals & Fiber Co. announced that it will issue NTD 300 million worth of secured convertible corporate bonds, each with par value and an issue price of NTD 100,000, and a term of three years.

Acelon Chemicals & Fiber Co. Announces FY 2010 Dividend Payment

Apr 06, 2011

Acelon Chemicals & Fiber Co. announced that it will pay a cash dividend of NTD 0.3 per share, and distribute stock dividends worth NTD 0.4 per share, to shareholders for fiscal year 2010.

Acelon Chemicals & Fiber Co. Prices Rights Issue

Oct 25, 2010

Acelon Chemicals & Fiber Co. announced that it has priced its issuance of 20 million shares with par value of NTD 10 per share, at NTD 20.50 per share. 3 million shares will be offered to the Company's employees, 2 million shares will be in public offering and the remaining 15 million shares will be offered to the Company's existing shareholders, who are eligible to purchase 209.5036 shares for every 1,000. shares they hold.

Acelon Chemicals & Fiber Co. Announces Rights Issue

Oct 15, 2010

Acelon Chemicals & Fiber Co. announced that it will issue 20 million shares with par value of NTD 10 per share. 3 million shares will be offered to the Company's employees, 2 million shares will be in public offering and the remaining 15 million shares will be offered to the Company's existing shareholders, who are eligible to purchase 209.5036 shares for every 1,000. shares they hold.

Acelon Chemicals & Fiber Co. to Issue Shares in Private Placement

Sep 13, 2010

Acelon Chemicals & Fiber Co. announced that it plans to issue 20 million shares with par value of NTD 10 per share at a price of NTD 17.5 per share, to raise NTD 200 million. 3 million shares will be offered to the Company's employees, 2 million shares will be in public offering and 15 million shares will be offered to shareholders.

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	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Gross Revenue	181.4	98.2	121.4	127.8	101.6
Sales Returns and Allowances	-1.5	-1.7	-3.0	-2.5	-2.0
Revenue	179.9	96.5	118.5	125.4	99.6
Total Revenue	179.9	96.5	118.5	125.4	99.6
Cost of Revenue	157.8	87.9	113.9	114.3	89.1
Cost of Revenue, Total	157.8	87.9	113.9	114.3	89.1
Gross Profit	22.1	8.6	4.6	11.1	10.5
Selling/General/Administrative Expense	8.6	5.0	5.7	5.6	5.0
Total Selling/General/Administrative Expenses	8.6	5.0	5.7	5.6	5.0
Research & Development	0.8	0.9	0.8	1.7	1.6
Impairment-Assets Held for Use	2.4	1.1	1.7	0.6	0.3
Unusual Expense (Income)	2.4	1.1	1.7	0.6	0.3
Total Operating Expense	169.6	95.0	122.2	122.3	96.0
Operating Income	10.4	1.6	-3.7	3.1	3.6
Interest Expense - Non-Operating	-0.7	-0.7	-1.0	-1.1	-1.2
Interest Expense, Net Non-Operating	-0.7	-0.7	-1.0	-1.1	-1.2
Interest Income - Non-Operating	0.0	0.0	0.0	0.0	0.0
Investment Income - Non-Operating	-0.5	-0.1	-0.1	0.1	0.0
Interest/Investment Income - Non-Operating	-0.5	-0.1	-0.1	0.1	0.1
Interest Income (Expense) - Net Non-Operating Total	-1.3	-0.8	-1.1	-1.0	-1.2
Gain (Loss) on Sale of Assets	-0.1	0.1	-0.1	0.2	0.2
Other Non-Operating Income (Expense)	0.2	1.3	-0.7	0.0	0.1
Other, Net	0.2	1.3	-0.7	0.0	0.1
Income Before Tax	9.2	2.1	-5.6	2.3	2.7
Total Income Tax	0.2	0.3	-0.1	0.0	-0.1
Income After Tax	9.0	1.8	-5.5	2.3	2.8
Net Income Before Extraord Items	9.0	1.8	-5.5	2.3	2.8
Accounting Change	-	-	-	-	0.0
Total Extraord Items	-	-	-	-	0.0
Net Income	9.0	1.8	-5.5	2.3	2.8
Income Available to Common Excl Extraord Items	9.0	1.8	-5.5	2.3	2.8
Income Available to Common Incl Extraord Items	9.0	1.8	-5.5	2.3	2.8
Basic/Primary Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Basic EPS Excl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Basic/Primary EPS Incl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Dilution Adjustment	-	-	0.0	-	-
Diluted Net Income	9.0	1.8	-5.5	2.3	2.8
Diluted Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Diluted EPS Excl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Diluted EPS Incl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Dividends per Share - Common Stock Primary Issue	-	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	0.0	0.0	0.0	0.0
Interest Expense, Supplemental	0.7	0.7	1.0	1.1	1.2
Depreciation, Supplemental	3.3	3.1	3.3	4.7	5.7
Total Special Items	2.5	1.0	1.8	0.5	0.0
Normalized Income Before Tax	11.7	3.1	-3.9	2.8	2.8
Effect of Special Items on Income Taxes	0.1	0.1	0.6	0.2	0.0
Inc Tax Ex Impact of Sp Items	0.3	0.4	0.5	0.1	0.0
Normalized Income After Tax	11.5	2.7	-4.4	2.6	2.8
Normalized Inc. Avail to Com.	11.5	2.7	-4.4	2.6	2.8
Basic Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Diluted Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Research & Development Exp, Supplemental	0.8	0.9	0.8	1.7	1.6
Normalized EBIT	12.7	2.6	-2.0	3.8	3.9
Normalized EBITDA	16.0	5.7	1.3	8.4	9.6
Deferred Tax - Total	-	0.3	-0.1	-	-
Deferred Tax - Total	-	0.3	-0.1	-	-
Other Tax	-	0.0	0.0	-	-
Income Tax - Total	-	0.3	-0.1	-	-
Interest Cost - Domestic	-	0.1	0.1	0.1	0.1
Service Cost - Domestic	-	0.0	0.1	0.1	0.1
Expected Return on Assets - Domestic	-	0.0	-0.1	-0.1	-0.1
Actuarial Gains and Losses - Domestic	-	0.0	0.0	0.0	-0.1
Transition Costs - Domestic	-	0.0	0.0	0.0	0.0
Domestic Pension Plan Expense	-	0.1	0.1	0.1	0.1
Defined Contribution Expense - Domestic	-	0.1	0.1	-	-
Total Pension Expense	-	0.2	0.2	0.1	0.1
Discount Rate - Domestic	-	2.25%	2.75%	3.50%	3.50%
Expected Rate of Return - Domestic	-	2.25%	1.50%	2.50%	2.50%
Compensation Rate - Domestic	-	1.00%	1.00%	1.00%	1.00%
Total Plan Interest Cost	-	0.1	0.1	0.1	0.1
Total Plan Service Cost	-	0.0	0.1	0.1	0.1
Total Plan Expected Return	-	0.0	-0.1	-0.1	-0.1

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	Reclassified Normal 31-Dec-2008	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Equivalents	0.8	0.2	0.1	0.4	0.6
Short Term Investments	0.2	-	-	-	-
Cash and Short Term Investments	1.0	0.2	0.1	0.4	0.6
Accounts Receivable - Trade, Gross	13.1	4.8	5.1	5.4	4.2
Provision for Doubtful Accounts	-0.3	-0.6	-0.4	-0.4	-0.2
Trade Accounts Receivable - Net	12.7	4.3	4.7	5.0	4.0
Notes Receivable - Short Term	6.1	5.3	3.1	5.7	6.3
Other Receivables	0.5	0.5	0.0	0.4	0.5
Total Receivables, Net	19.3	10.0	7.8	11.1	10.7
Inventories - Finished Goods	12.7	11.2	12.1	15.2	11.7
Inventories - Work In Progress	0.4	0.1	0.0	0.1	1.4
Inventories - Raw Materials	6.2	3.1	1.5	3.1	1.8
Inventories - Other	-0.6	-0.7	-2.6	-1.6	-1.2
Total Inventory	18.7	13.6	11.1	16.8	13.6
Prepaid Expenses	1.3	1.7	0.7	1.0	1.1
Restricted Cash - Current	1.7	0.3	0.6	0.8	0.4
Deferred Income Tax - Current Asset	0.1	0.1	0.3	0.2	0.2
Other Current Assets	0.1	0.1	0.1	0.1	0.0
Other Current Assets, Total	1.9	0.5	1.0	1.1	0.6
Total Current Assets	42.2	26.0	20.7	30.4	26.8
Buildings	18.7	17.0	14.1	14.2	14.1
Land/Improvements	5.1	4.6	2.3	2.3	2.3
Machinery/Equipment	120.2	111.2	107.5	107.9	105.2
Construction in Progress	4.6	0.6	0.2	1.1	0.1
Leases	5.9	5.4	5.3	5.3	5.3
Other Property/Plant/Equipment	2.6	2.4	-	-	-
Property/Plant/Equipment - Gross	157.0	141.3	129.4	130.9	126.9
Accumulated Depreciation	-122.2	-110.3	-105.0	-103.6	-98.4
Property/Plant/Equipment - Net	34.8	30.9	24.4	27.3	28.5
Note Receivable - Long Term	-	0.0	0.1	0.0	0.0
Deferred Charges	0.2	0.1	0.2	0.0	0.1
Pension Benefits - Overfunded	0.1	-	-	-	-
Deferred Income Tax - Long Term Asset	1.0	0.0	0.0	0.0	0.0
Other Long Term Assets	2.3	2.6	3.6	5.5	5.8
Other Long Term Assets, Total	3.7	2.7	3.8	5.6	5.9
Total Assets	80.7	59.7	49.0	63.4	61.2
Accounts Payable	14.9	11.1	6.7	16.1	8.2
Accrued Expenses	3.6	2.7	2.9	3.1	3.2
Notes Payable/Short Term Debt	3.1	5.5	12.9	9.7	15.3
Current Portion - Long Term Debt/Capital Leases	0.7	1.4	1.3	2.2	3.2
Customer Advances	3.3	1.0	0.8	0.5	0.5
Income Taxes Payable	1.2	0.0	-	-	0.0
Other Payables	2.3	1.2	0.4	0.0	0.1
Other Current Liabilities	0.1	0.1	0.1	0.8	0.4
Other Current liabilities, Total	7.0	2.4	1.3	1.4	1.0
Total Current Liabilities	29.2	23.1	25.0	32.6	31.0
Long Term Debt	5.5	16.9	8.6	10.5	12.3
Total Long Term Debt	5.5	16.9	8.6	10.5	12.3
Total Debt	9.3	23.8	22.7	22.4	30.8
Pension Benefits - Underfunded	1.0	0.6	0.7	0.7	0.8
Other Long Term Liabilities	0.3	0.6	0.7	0.0	0.0
Other Liabilities, Total	1.4	1.1	1.4	0.7	0.8
Total Liabilities	36.1	41.0	35.0	43.9	44.1
Common Stock	31.4	22.4	21.8	22.1	22.0
Common Stock	31.4	22.4	21.8	22.1	22.0
Additional Paid-In Capital	8.1	-	-	-	-
Retained Earnings (Accumulated Deficit)	3.1	-6.1	-7.8	-2.5	-4.8
Treasury Stock - Common	0.0	0.0	0.0	0.0	0.0
Unrealized Gain (Loss)	2.6	2.4	-	-	-
Minimum Pension Liability Adjustment	-0.5	-	-	-	-
Other Equity, Total	-0.5	-	-	-	-
Total Equity	44.6	18.7	14.0	19.5	17.1
Total Liabilities & Shareholders’ Equity	80.7	59.7	49.0	63.4	61.2
Shares Outstanding - Common Stock Primary Issue	95.2	78.5	78.5	78.5	78.5
Total Common Shares Outstanding	95.2	78.5	78.5	78.5	78.5
Treasury Shares - Common Stock Primary Issue	0.1	0.1	0.1	0.1	0.1
Employees	469	424	315	398	394
Number of Common Shareholders	-	9,840	10,060	10,330	10,781
Deferred Revenue - Current	3.3	1.0	0.8	0.5	0.5
Total Long Term Debt, Supplemental	-	18.3	9.8	12.7	15.5
Long Term Debt Maturing within 1 Year	-	1.4	1.3	2.2	3.2
Long Term Debt Maturing in Year 2	-	11.4	1.2	4.8	4.5
Long Term Debt Maturing in Year 3	-	1.7	2.3	2.3	2.2
Long Term Debt Maturing in Year 4	-	1.6	1.6	2.3	2.2
Long Term Debt Maturing in 2-3 Years	-	13.1	3.5	7.0	6.7
Long Term Debt Maturing in 4-5 Years	-	1.6	1.6	2.3	2.2
Long Term Debt Matur. in Year 6 & Beyond	-	2.1	3.5	1.2	3.3
Total Operating Leases, Supplemental	-	0.1	0.1	0.1	0.2
Operating Lease Payments Due in Year 1	-	0.0	0.0	0.0	0.1
Operating Lease Payments Due in Year 2	-	0.0	0.0	0.0	0.0
Operating Lease Payments Due in Year 3	-	0.0	0.0	0.0	0.0
Operating Lease Payments Due in Year 4	-	0.0	0.0	0.0	0.0
Operating Lease Pymts. Due in 2-3 Years	-	0.0	0.0	0.1	0.1
Operating Lease Pymts. Due in 4-5 Years	-	0.0	0.0	0.0	0.0
Oper. Lse. Pymts. Due in Year 6 & Beyond	-	0.0	0.0	0.0	0.0
Pension Obligation - Domestic	-	2.5	2.1	2.2	2.2
Plan Assets - Domestic	-	1.7	1.5	2.1	2.1
Funded Status - Domestic	-	-0.8	-0.6	-0.1	0.0
Accumulated Obligation - Domestic	-	2.2	1.9	2.0	1.9
Total Funded Status	-	-0.8	-0.6	-0.1	0.0
Discount Rate - Domestic	-	2.25%	2.75%	3.50%	3.50%
Expected Rate of Return - Domestic	-	2.25%	1.50%	2.50%	2.50%
Compensation Rate - Domestic	-	1.00%	1.00%	1.00%	1.00%
Prepaid Benefits - Domestic	0.1	-	-	-	-
Accrued Liabilities - Domestic	-1.0	-0.6	-0.7	-0.7	-0.8
Net Assets Recognized on Balance Sheet	-0.9	-0.6	-0.7	-0.7	-0.8
Total Plan Obligations	-	2.5	2.1	2.2	2.2
Total Plan Assets	-	1.7	1.5	2.1	2.1

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	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 (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income/Starting Line	9.0	1.8	-5.5	2.3	2.8
Depreciation	3.3	3.2	3.3	4.7	5.7
Depreciation/Depletion	3.3	3.2	3.3	4.7	5.7
Deferred Taxes	-0.9	0.3	-0.1	0.0	-0.1
Unusual Items	2.5	1.0	1.7	0.6	0.2
Equity in Net Earnings (Loss)	-	-	0.0	0.0	0.0
Other Non-Cash Items	0.4	-3.0	2.8	0.5	0.7
Non-Cash Items	2.9	-2.0	4.6	1.1	0.9
Accounts Receivable	-7.6	-2.1	3.1	-0.3	-3.1
Inventories	-3.2	-0.4	4.8	-3.4	-0.6
Prepaid Expenses	0.4	-0.8	0.2	0.2	-0.2
Other Assets	0.2	-	-	-	-
Accounts Payable	1.8	6.5	-7.4	7.8	-0.5
Accrued Expenses	0.7	0.6	-0.2	-0.1	0.0
Taxes Payable	1.1	0.0	-	0.0	0.0
Other Liabilities	2.5	0.0	-0.5	-1.0	0.2
Changes in Working Capital	-4.1	3.9	-0.1	3.2	-4.1
Cash from Operating Activities	10.1	7.2	2.1	11.3	5.3
Purchase of Fixed Assets	-3.7	-5.8	-1.9	-3.2	-1.6
Capital Expenditures	-3.7	-5.8	-1.9	-3.2	-1.6
Sale of Fixed Assets	0.1	0.1	0.2	0.0	0.0
Purchase of Investments	-0.2	-	-	-	-
Other Investing Cash Flow	-3.4	0.4	0.2	-0.9	-0.2
Other Investing Cash Flow Items, Total	-3.4	0.5	0.4	-0.9	-0.2
Cash from Investing Activities	-7.2	-5.3	-1.5	-4.1	-1.8
Other Financing Cash Flow	-0.3	-0.2	-0.1	-0.1	-0.1
Financing Cash Flow Items	-0.3	-0.2	-0.1	-0.1	-0.1
Sale/Issuance of Common	13.0	-	-	-	-
Repurchase/Retirement of Common	-	-	-	-	0.0
Common Stock, Net	13.0	-	-	-	0.0
Issuance (Retirement) of Stock, Net	13.0	-	-	-	0.0
Short Term Debt Issued	0.8	-	4.2	-	0.9
Short Term Debt Reduction	-3.1	-7.2	-2.2	-4.6	-2.5
Short Term Debt, Net	-2.3	-7.2	2.0	-4.6	-1.6
Long Term Debt Issued	-	5.5	-	-	-
Long Term Debt Reduction	-12.9	-	-2.8	-2.8	-1.6
Long Term Debt, Net	-12.9	5.5	-2.8	-2.8	-1.6
Issuance (Retirement) of Debt, Net	-15.2	-1.7	-0.8	-7.4	-3.2
Cash from Financing Activities	-2.4	-1.9	-0.9	-7.4	-3.2
Net Change in Cash	0.6	0.1	-0.2	-0.3	0.2
Net Cash - Beginning Balance	0.2	0.1	0.4	0.6	0.4
Net Cash - Ending Balance	0.8	0.2	0.1	0.4	0.6
Cash Interest Paid	0.8	0.7	1.0	1.1	1.2
Cash Taxes Paid	0.0	0.0	0.0	0.0	0.0

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	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified with Explanation
Gross Sales	181.4	98.2	121.4	127.8	101.6
Sales Returns & Discounts	-1.5	-1.7	-3.0	-2.5	-2.0
Total Revenue	179.9	96.5	118.5	125.4	99.6
Cost of Sales	157.8	87.9	113.9	114.0	88.7
Inventory Devaluation & Obsolescence	-	-	-	0.3	0.4
Gain on Physical Inventory	-	-	-	0.0	0.0
Selling Expenses	5.6	3.2	3.8	3.8	3.2
General and Administrative Expenses	3.0	1.8	2.0	1.9	1.9
Research and Development Expenses	0.8	0.9	0.8	1.7	1.6
Impairment Loss	2.4	1.1	1.7	0.6	0.2
Impairment of Idle Assets	-	-	-	-	0.0
Total Operating Expense	169.6	95.0	122.2	122.3	96.0
Interest Income	0.0	0.0	0.0	0.0	0.0
Gain on Equity Investment	-	0.0	0.0	0.0	0.0
Gain on Sale of Fixed Assets	0.0	0.1	0.0	0.0	0.0
Gain/Loss on Foreign Exchange	-0.5	-0.1	-0.1	0.1	0.0
Rent Income	0.0	0.0	0.0	0.1	0.0
Gain on Sale of Scrap & Waste	-	-	-	0.2	0.2
Miscellaneous Income	0.4	1.4	0.2	0.3	0.4
Interest Expense	-0.7	-0.7	-1.0	-1.1	-1.2
Realized Loss on Equity Investment	-	-	-	0.0	0.0
Loss on Sale of Fixed Assets	-0.1	0.0	-0.2	0.0	0.0
Miscellaneous Disbursements	-0.2	-0.1	-1.0	-0.3	-0.3
Net Income Before Taxes	9.2	2.1	-5.6	2.3	2.7
Provision for Income Taxes	0.2	0.3	-0.1	0.0	-0.1
Net Income After Taxes	9.0	1.8	-5.5	2.3	2.8
Net Income Before Extra. Items	9.0	1.8	-5.5	2.3	2.8
Accounting Change	-	-	-	-	0.0
Net Income	9.0	1.8	-5.5	2.3	2.8
Income Available to Com Excl ExtraOrd	9.0	1.8	-5.5	2.3	2.8
Income Available to Com Incl ExtraOrd	9.0	1.8	-5.5	2.3	2.8
Basic Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Basic EPS Excluding ExtraOrdinary Items	0.12	0.02	-0.07	0.03	0.04
Basic EPS Including ExtraOrdinary Items	0.12	0.02	-0.07	0.03	0.04
Dilution Adjustment	-	-	0.0	-	-
Diluted Net Income	9.0	1.8	-5.5	2.3	2.8
Diluted Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Diluted EPS Excluding ExtraOrd Items	0.12	0.02	-0.07	0.03	0.04
Diluted EPS Including ExtraOrd Items	0.12	0.02	-0.07	0.03	0.04
DPS-Ordinary Stock	-	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	0.0	0.0	0.0	0.0
Normalized Income Before Taxes	11.7	3.1	-3.9	2.8	2.8
Inc Tax Ex Impact of Sp Items	0.3	0.4	0.5	0.1	0.0
Normalized Income After Taxes	11.5	2.7	-4.4	2.6	2.8
Normalized Inc. Avail to Com.	11.5	2.7	-4.4	2.6	2.8
Basic Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Diluted Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Interest Expense, Supplemental	0.7	0.7	1.0	1.1	1.2
R&D Expense, Supplemental	0.8	0.9	0.8	1.7	1.6
Depreciation - Operating Cost	2.9	2.8	3.1	4.4	5.5
Depreciation - Operating Expense	0.3	0.3	0.3	0.3	0.3
Deferred Tax	-	0.3	-0.1	-	-
Deferred Tax - Total	-	0.3	-0.1	-	-
Other Tax	-	0.0	0.0	-	-
Income Tax - Total	-	0.3	-0.1	-	-
Service Cost	-	0.0	0.1	0.1	0.1
Interest Cost	-	0.1	0.1	0.1	0.1
Expected Return on Plan Assets	-	0.0	-0.1	-0.1	-0.1
Amort. of Unrecognized Transitional Cost	-	0.0	0.0	0.0	0.0
Amort. of Actuarial Gain/Loss	-	0.0	0.0	0.0	-0.1
Domestic Pension Plan Expense	-	0.1	0.1	0.1	0.1
Defined Contribution Expense - Domestic	-	0.1	0.1	-	-
Total Pension Expense	-	0.2	0.2	0.1	0.1
Discount Rate	-	2.25%	2.75%	3.50%	3.50%
Rate of Compensation Increase	-	1.00%	1.00%	1.00%	1.00%
Expected Rate of Return on Plan Assets	-	2.25%	1.50%	2.50%	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	Reclassified Normal 31-Dec-2008	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified with Explanation
Cash and Cash Equivalent	0.8	0.2	0.1	0.4	0.6
Financial Assets-Fair Value,Current	0.2	-	-	-	-
Notes Receivable	6.1	5.3	3.1	5.7	6.3
Accounts Receivable, Gross	13.1	4.8	5.1	5.4	4.2
Provision for Doubtful Accounts	-0.3	-0.4	-0.3	-0.2	-0.2
Provision for Sales Discount	0.0	-0.1	-0.2	-0.2	-0.1
Other Receivables	0.5	0.5	0.0	0.4	0.5
Merchandise	0.0	0.0	0.0	0.0	0.0
Raw Material	5.3	2.6	0.9	2.3	1.3
Supplies	0.9	0.5	0.5	0.8	0.5
Work-in-Process	0.4	0.1	0.0	0.1	1.4
Finished Goods	12.7	11.2	12.1	15.2	11.7
Provision/Allowance for Inventory	-0.6	-0.7	-2.6	-1.6	-1.2
Prepayment	1.3	1.7	0.7	1.0	1.1
Deferred Income Tax Assets - Current	0.1	0.1	0.3	0.2	0.2
Restricted Assets	1.7	0.3	0.6	0.8	0.4
Other Current Assets	0.1	0.1	0.1	0.1	0.0
Total Current Assets	42.2	26.0	20.7	30.4	26.8
Land and Improvements	5.1	4.6	2.3	2.3	2.3
Buildings and Structures	18.1	16.5	13.6	13.7	13.5
Machinery and Equipment	105.8	98.5	94.9	95.8	93.1
Transportation Equipment	0.2	0.2	0.2	0.2	0.3
Office Equipment	0.7	0.6	0.7	0.7	0.8
Leasehold Improvement	0.6	0.5	0.5	0.5	0.5
Miscellaneous Equipment	13.6	11.9	11.7	11.2	11.0
Revaluation Increments	2.6	2.4	-	-	-
Accumulated Depreciation	-118.7	-107.1	-101.9	-100.5	-95.3
Provision for Impairment of Fixed Assets	-0.3	-0.3	-0.3	-0.3	-0.3
Construction in Progress	-	-	-	-	0.0
Prepayment for Equipment	4.6	0.6	0.2	1.1	0.1
Deferred Pension Cost	0.1	-	-	-	-
Assets for Lease	5.9	5.4	5.3	5.3	5.3
Provision for Revaluation Loss	-2.8	-2.6	-2.5	-2.5	-2.5
Accumulated Depreciation-Asset for Lease	-0.4	-0.3	-0.3	-0.3	-0.3
Security Deposits Paid	2.3	0.1	0.1	0.1	0.0
Deferred Charges	0.2	0.1	0.2	0.0	0.1
Overdue Receivables	-	0.0	0.1	0.0	0.0
Deferred Income Tax Assets - Non Current	1.0	0.0	0.0	0.0	0.0
Other Long Term Assets	0.1	2.5	3.5	5.4	5.7
Total Assets	80.7	59.7	49.0	63.4	61.2
Short Term Borrowings	0.0	3.1	10.4	6.4	11.0
Short Term Notes & Bills Payable	0.9	0.0	2.4	4.6	4.6
Notes Payable	3.1	2.4	2.5	3.3	4.4
Accounts Payable	14.0	11.1	4.2	11.5	3.6
Income Taxes Payable	1.2	0.0	-	-	0.0
Accrued Expenses	3.6	2.7	2.9	3.1	3.2
Due to Related Parties	0.1	0.0	0.1	0.0	0.1
Other Payables	2.2	1.2	0.3	-	-
Advance Receipts	3.3	1.0	0.8	0.5	0.5
Current Portion of Long Term Debt	0.7	1.4	1.3	2.2	3.2
Other Current Liabilities	0.1	0.1	0.1	0.8	0.4
Total Current Liabilities	29.2	23.1	25.0	32.6	31.0
Long Term Borrowings	5.5	16.9	8.6	10.5	12.3
Total Long Term Debt	5.5	16.9	8.6	10.5	12.3
Accrued Pension Liabilities	1.0	0.6	0.7	0.7	0.8
Long Term Security Deposits Received	0.1	0.1	0.0	0.0	0.0
Other Long Term Liabilities	0.2	0.5	0.7	0.0	0.0
Total Liabilities	36.1	41.0	35.0	43.9	44.1
Common Stock	31.4	22.4	21.8	22.1	22.0
Cap.Surplus, Additional Paid in Capital	7.2	-	-	-	-
Employee Stock Option	0.9	-	-	-	-
Retained Earnings	3.1	-6.1	-7.8	-2.5	-4.8
Net Loss Not Recognized as Pension Cost	-0.5	-	-	-	-
Unrealized Revaluation Increment	2.6	2.4	-	-	-
Treasury Stock	0.0	0.0	0.0	0.0	0.0
Total Equity	44.6	18.7	14.0	19.5	17.1
Total Liabilities & Shareholders' Equity	80.7	59.7	49.0	63.4	61.2
S/O-Ordinary Stock	95.2	78.5	78.5	78.5	78.5
Total Common Shares Outstanding	95.2	78.5	78.5	78.5	78.5
T/S-Ordinary Stock	0.1	0.1	0.1	0.1	0.1
Advance Receipt - Current	3.3	1.0	0.8	0.5	0.5
Full-Time Employees	469	424	315	398	394
Number of Common Shareholders	-	9,840	10,060	10,330	10,781
Long Term Debts Due in 1 Year	-	1.4	1.3	2.2	3.2
Long Term Debts Due in 2 Years	-	11.4	1.2	4.8	4.5
Long Term Debts Due in 3 Years	-	1.7	2.3	2.3	2.2
Long Term Debts Due in 4 Years	-	1.6	1.6	2.3	2.2
Long Term Debts Due after 5 Years	-	2.1	3.5	1.2	3.3
Total Long Term Debt, Supplemental	-	18.3	9.8	12.7	15.5
Operating Lease due in 1 year	-	0.0	0.0	0.0	0.1
Operating Lease due in 2 years	-	0.0	0.0	0.0	0.0
Operating Lease due in 3 years	-	0.0	0.0	0.0	0.0
Operating Lease due in 4 years	-	0.0	0.0	0.0	0.0
Operating Lease due after 5 years	-	0.0	0.0	0.0	0.0
Total Operating Leases	-	0.1	0.1	0.1	0.2
Accumulated Benefit Obligation	-	2.2	1.9	2.0	1.9
Benefit Obligation	-	2.5	2.1	2.2	2.2
Fair Value of Plan Assets	-	1.7	1.5	2.1	2.1
Funded Status	-	-0.8	-0.6	-0.1	0.0
Total Funded Status	-	-0.8	-0.6	-0.1	0.0
Discount Rate	-	2.25%	2.75%	3.50%	3.50%
Rate of Compensation Increase	-	1.00%	1.00%	1.00%	1.00%
Expected Rate of Return on Plan Assets	-	2.25%	1.50%	2.50%	2.50%
Deferred Pension Cost	0.1	-	-	-	-
Accrued Pension Liabilities	-1.0	-0.6	-0.7	-0.7	-0.8
Net Assets Recognized on Balance Sheet	-0.9	-0.6	-0.7	-0.7	-0.8

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	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 (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified with Explanation
Net Income	9.0	1.8	-5.5	2.3	2.8
Depreciation	3.3	3.2	3.3	4.7	5.7
Deferred Charges	0.1	0.1	0.0	0.0	0.0
Pension Costs	-0.2	-0.1	0.0	-0.1	0.0
Sales Return & Discounts	-0.1	-	-	-	-
Bad Debts Loss	0.0	0.0	0.3	0.0	0.1
Gain/Loss on Disposal of Assets	0.1	-0.1	0.0	0.0	0.0
Other Income	-0.2	-1.1	0.0	0.0	-0.1
Gain/Loss on Physical Inventories	0.0	0.0	0.0	0.0	0.0
Net Loss on Disposal of Prop&Idle Asset	-	0.0	0.2	0.0	0.0
Equity Investment Gain/Loss	-	-	0.0	0.0	0.0
Other Loss	0.1	0.0	1.4	0.2	0.2
Inventory Devaluation & Obsolescence	-0.2	-1.8	1.0	0.3	0.4
Impairment Loss on Assets	2.4	1.1	1.7	0.6	0.2
Effect of Foreign Exchange	-	-	-	-	0.0
Employee Stock Option Costs	0.9	-	-	-	-
Notes Receivable	-0.3	-2.1	2.7	0.5	-3.3
Accounts Receivable	-7.4	0.5	0.0	-1.0	0.4
Other Receivables	0.1	-0.4	0.4	0.2	-0.2
Inventories	-3.2	-0.4	4.8	-3.4	-0.6
Prepayment	0.4	-0.8	0.2	0.2	-0.2
Deferred Tax Assets	-0.9	0.3	-0.1	0.0	-0.1
Notes Payable	0.4	-0.2	-0.8	-1.0	0.8
Other Payables	0.1	0.0	-	-	-
Accounts Payable	1.7	6.5	-7.4	7.8	-0.5
Tax Payable	1.1	0.0	-	0.0	0.0
Accrued Expenses	0.7	0.6	-0.2	-0.1	0.0
Advance Receipts	2.1	0.1	0.3	0.1	-0.6
Other Current Assets	0.2	-	-	-	-
Other Current Liabilities	0.0	-	-	-	-
Cash from Operating Activities	10.1	7.2	2.1	11.3	5.3
Financial Assets, Fair Value	-0.2	-	-	-	-
Restricted Assets	-1.2	0.3	0.4	-0.7	-0.3
Other Current Assets	0.0	-0.3	0.1	-0.1	0.0
Capital Expenditure	-3.7	-5.8	-1.9	-3.2	-1.6
Disposal of Fixed Assets	0.1	0.1	0.2	0.0	0.0
Sale of Idle Assets	-	-	-	-	0.0
Deferred Charges	-0.2	0.0	0.0	0.0	0.0
Security Deposit Paid	-	-	0.0	-0.1	0.0
Other Assets	-2.0	0.3	-0.2	0.0	0.1
Cash from Investing Activities	-7.2	-5.3	-1.5	-4.1	-1.8
Short Term Borrowings	-	-	4.2	-	-
Repayment of ST Borrowings	-3.1	-7.2	-	-4.6	-2.5
Short Term Notes Increase	0.8	-	-	-	0.9
ST Notes Decrease	-	0.0	-2.2	0.0	-
Repayment of LT Borrowings	-12.9	-	-2.8	-2.8	-1.6
Repayment of LT Notes Payable	-	-	-	0.0	0.0
Long Term Borrowings	-	5.5	-	-	-
Other Current Liabilities	0.0	0.0	-0.2	0.0	0.0
Other Liabilities Decrease	-0.3	-0.2	0.0	0.0	0.0
Accounts Payable, Related Parties	0.0	0.0	0.1	-0.1	-0.1
Treasury Share Repurchase	-	-	-	-	0.0
Cash Capital	13.0	-	-	-	-
Cash from Financing Activities	-2.4	-1.9	-0.9	-7.4	-3.2
Net Change in Cash	0.6	0.1	-0.2	-0.3	0.2
Net Cash - Beginning Balance	0.2	0.1	0.4	0.6	0.4
Net Cash - Ending Balance	0.8	0.2	0.1	0.4	0.6
Cash Interest Paid	0.8	0.7	1.0	1.1	1.2
Cash Taxes Paid	0.0	0.0	0.0	0.0	0.0

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	57.9	49.13%	179.9	77.79%	11.22%	11.31%
Research & Development1	0.3	48.25%	0.8	-16.77%	-23.44%	-6.01%
Operating Income1	6.2	297.57%	10.4	536.62%	47.25%	56.62%
Income Available to Common Excl Extraord Items1	5.1	253.32%	9.0	372.03%	55.00%	-
Basic EPS Excl Extraord Items1	0.05	191.38%	0.12	384.04%	56.31%	-
Capital Expenditures2	1.8	92.42%	3.7	-38.02%	4.00%	24.92%
Cash from Operating Activities2	-2.6	-	10.1	33.90%	-4.74%	16.13%
Free Cash Flow	-4.4	-	6.9	314.17%	-8.68%	12.39%
Total Assets3	89.6	30.30%	80.7	23.24%	4.60%	3.05%
Total Liabilities3	40.3	-14.35%	36.1	-19.84%	-9.57%	-7.56%
Total Long Term Debt3	4.2	-67.22%	5.5	-70.34%	-22.30%	-20.53%
Employees3	-	-	469	10.61%	5.62%	3.34%
Total Common Shares Outstanding3	95.2	21.26%	95.2	21.26%	6.64%	3.93%
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-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Deferred Charges3	0.2	0.1	0.2	0.0	0.1
3-ExchangeRate: TWD to USD Period End Date	29.156500	31.985000	32.818000	32.434500	32.585000

Key Ratios
Â	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Profitability
Gross Margin	12.30%	8.89%	3.85%	8.86%	10.51%
Operating Margin	5.76%	1.61%	-3.11%	2.48%	3.60%
Pretax Margin	5.13%	2.18%	-4.76%	1.83%	2.75%
Net Profit Margin	5.02%	1.89%	-4.66%	1.85%	2.81%
Financial Strength
Current Ratio	1.44	1.13	0.83	0.93	0.86
Long Term Debt/Equity	0.12	0.90	0.61	0.54	0.72
Total Debt/Equity	0.21	1.27	1.62	1.15	1.80
Management Effectiveness
Return on Assets	13.34%	3.42%	-9.50%	3.77%	4.52%
Return on Equity	29.94%	11.39%	-31.83%	12.81%	17.75%
Efficiency
Receivables Turnover	12.82	11.04	12.11	11.60	10.75
Inventory Turnover	10.13	7.26	7.91	7.59	6.57
Asset Turnover	2.66	1.81	2.04	2.03	1.61

Market Valuation USD (mil)
P/E (TTM)	6.59	.	Enterprise Value2	111.7
Price/Sales (TTM)	0.49	.	Enterprise Value/Revenue (TTM)	0.53
Price/Book (MRQ)	2.08	.	Enterprise Value/EBITDA (TTM)	5.81
Market Cap as of 15-Jul-20111	104.6	.
1-ExchangeRate: TWD to USD on 15-Jul-2011	28.882000
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	1.44	1.13	0.83	0.93	0.86
Quick/Acid Test Ratio	0.70	0.44	0.32	0.35	0.37
Working Capital1	12.9	3.0	-4.3	-2.2	-4.2
Long Term Debt/Equity	0.12	0.90	0.61	0.54	0.72
Total Debt/Equity	0.21	1.27	1.62	1.15	1.80
Long Term Debt/Total Capital	0.10	0.40	0.23	0.25	0.26
Total Debt/Total Capital	0.17	0.56	0.62	0.53	0.64
Payout Ratio	-	0.00%	0.00%	0.00%	0.00%
Effective Tax Rate	2.20%	13.48%	-	-1.39%	-2.10%
Total Capital1	53.9	42.5	36.7	42.0	47.9
Efficiency
Asset Turnover	2.66	1.81	2.04	2.03	1.61
Inventory Turnover	10.13	7.26	7.91	7.59	6.57
Days In Inventory	36.05	50.26	46.13	48.07	55.57
Receivables Turnover	12.82	11.04	12.11	11.60	10.75
Days Receivables Outstanding	28.47	33.05	30.14	31.47	33.97
Revenue/Employee2	414,406	235,030	361,530	319,071	252,360
Operating Income/Employee2	23,864	3,780	-11,241	7,917	9,094
EBITDA/Employee2	31,392	11,322	-1,050	19,776	23,653
Profitability
Gross Margin	12.30%	8.89%	3.85%	8.86%	10.51%
Operating Margin	5.76%	1.61%	-3.11%	2.48%	3.60%
EBITDA Margin	7.58%	4.82%	-0.29%	6.20%	9.37%
EBIT Margin	5.76%	1.61%	-3.11%	2.48%	3.60%
Pretax Margin	5.13%	2.18%	-4.76%	1.83%	2.75%
Net Profit Margin	5.02%	1.89%	-4.66%	1.85%	2.81%
R&D Expense/Revenue	0.45%	0.97%	0.70%	1.39%	1.58%
COGS/Revenue	87.70%	91.11%	96.15%	91.14%	89.49%
SG&A Expense/Revenue	4.77%	5.19%	4.85%	4.48%	5.05%
Management Effectiveness
Return on Assets	13.34%	3.42%	-9.50%	3.77%	4.52%
Return on Equity	29.94%	11.39%	-31.83%	12.81%	17.75%
Valuation
Free Cash Flow/Share2	0.07	0.02	0.00	0.10	0.05
Operating Cash Flow/Share 2	0.12	0.10	0.03	0.15	0.07
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)	6.60
Market Cap/Equity (MRQ)	2.08
Market Cap/Revenue (TTM)	0.49
Market Cap/EBIT (TTM)	6.53
Market Cap/EBITDA (TTM)	5.34
Enterprise Value/Earnings (TTM)	7.18
Enterprise Value/Equity (MRQ)	2.26
Enterprise Value/Revenue (TTM)	0.53
Enterprise Value/EBIT (TTM)	7.10
Enterprise Value/EBITDA (TTM)	5.81

Annual Income Statement

Financials in: USD (mil)

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

Standardized

	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	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Gross Revenue	181.4	98.2	121.4	127.8	101.6
Sales Returns and Allowances	-1.5	-1.7	-3.0	-2.5	-2.0
Revenue	179.9	96.5	118.5	125.4	99.6
Total Revenue	179.9	96.5	118.5	125.4	99.6
Cost of Revenue	157.8	87.9	113.9	114.3	89.1
Cost of Revenue, Total	157.8	87.9	113.9	114.3	89.1
Gross Profit	22.1	8.6	4.6	11.1	10.5
Selling/General/Administrative Expense	8.6	5.0	5.7	5.6	5.0
Total Selling/General/Administrative Expenses	8.6	5.0	5.7	5.6	5.0
Research & Development	0.8	0.9	0.8	1.7	1.6
Impairment-Assets Held for Use	2.4	1.1	1.7	0.6	0.3
Unusual Expense (Income)	2.4	1.1	1.7	0.6	0.3
Total Operating Expense	169.6	95.0	122.2	122.3	96.0
Operating Income	10.4	1.6	-3.7	3.1	3.6
Interest Expense - Non-Operating	-0.7	-0.7	-1.0	-1.1	-1.2
Interest Expense, Net Non-Operating	-0.7	-0.7	-1.0	-1.1	-1.2
Interest Income - Non-Operating	0.0	0.0	0.0	0.0	0.0
Investment Income - Non-Operating	-0.5	-0.1	-0.1	0.1	0.0
Interest/Investment Income - Non-Operating	-0.5	-0.1	-0.1	0.1	0.1
Interest Income (Expense) - Net Non-Operating Total	-1.3	-0.8	-1.1	-1.0	-1.2
Gain (Loss) on Sale of Assets	-0.1	0.1	-0.1	0.2	0.2
Other Non-Operating Income (Expense)	0.2	1.3	-0.7	0.0	0.1
Other, Net	0.2	1.3	-0.7	0.0	0.1
Income Before Tax	9.2	2.1	-5.6	2.3	2.7
Total Income Tax	0.2	0.3	-0.1	0.0	-0.1
Income After Tax	9.0	1.8	-5.5	2.3	2.8
Net Income Before Extraord Items	9.0	1.8	-5.5	2.3	2.8
Accounting Change	-	-	-	-	0.0
Total Extraord Items	-	-	-	-	0.0
Net Income	9.0	1.8	-5.5	2.3	2.8
Income Available to Common Excl Extraord Items	9.0	1.8	-5.5	2.3	2.8
Income Available to Common Incl Extraord Items	9.0	1.8	-5.5	2.3	2.8
Basic/Primary Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Basic EPS Excl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Basic/Primary EPS Incl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Dilution Adjustment	-	-	0.0	-	-
Diluted Net Income	9.0	1.8	-5.5	2.3	2.8
Diluted Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Diluted EPS Excl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Diluted EPS Incl Extraord Items	0.12	0.02	-0.07	0.03	0.04
Dividends per Share - Common Stock Primary Issue	-	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	0.0	0.0	0.0	0.0
Interest Expense, Supplemental	0.7	0.7	1.0	1.1	1.2
Depreciation, Supplemental	3.3	3.1	3.3	4.7	5.7
Total Special Items	2.5	1.0	1.8	0.5	0.0
Normalized Income Before Tax	11.7	3.1	-3.9	2.8	2.8
Effect of Special Items on Income Taxes	0.1	0.1	0.6	0.2	0.0
Inc Tax Ex Impact of Sp Items	0.3	0.4	0.5	0.1	0.0
Normalized Income After Tax	11.5	2.7	-4.4	2.6	2.8
Normalized Inc. Avail to Com.	11.5	2.7	-4.4	2.6	2.8
Basic Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Diluted Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Research & Development Exp, Supplemental	0.8	0.9	0.8	1.7	1.6
Normalized EBIT	12.7	2.6	-2.0	3.8	3.9
Normalized EBITDA	16.0	5.7	1.3	8.4	9.6
Deferred Tax - Total	-	0.3	-0.1	-	-
Deferred Tax - Total	-	0.3	-0.1	-	-
Other Tax	-	0.0	0.0	-	-
Income Tax - Total	-	0.3	-0.1	-	-
Interest Cost - Domestic	-	0.1	0.1	0.1	0.1
Service Cost - Domestic	-	0.0	0.1	0.1	0.1
Expected Return on Assets - Domestic	-	0.0	-0.1	-0.1	-0.1
Actuarial Gains and Losses - Domestic	-	0.0	0.0	0.0	-0.1
Transition Costs - Domestic	-	0.0	0.0	0.0	0.0
Domestic Pension Plan Expense	-	0.1	0.1	0.1	0.1
Defined Contribution Expense - Domestic	-	0.1	0.1	-	-
Total Pension Expense	-	0.2	0.2	0.1	0.1
Discount Rate - Domestic	-	2.25%	2.75%	3.50%	3.50%
Expected Rate of Return - Domestic	-	2.25%	1.50%	2.50%	2.50%
Compensation Rate - Domestic	-	1.00%	1.00%	1.00%	1.00%
Total Plan Interest Cost	-	0.1	0.1	0.1	0.1
Total Plan Service Cost	-	0.0	0.1	0.1	0.1
Total Plan Expected Return	-	0.0	-0.1	-0.1	-0.1

Interim Income Statement

Standardized

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 Revenue	58.2	59.5	44.6	42.0	36.0
Sales Returns and Allowances	-0.2	-0.6	-0.4	-0.2	-0.4
Revenue	57.9	58.8	44.3	41.8	35.7
Total Revenue	57.9	58.8	44.3	41.8	35.7
Cost of Revenue	49.1	51.1	39.3	36.1	31.8
Cost of Revenue, Total	49.1	51.1	39.3	36.1	31.8
Gross Profit	8.8	7.8	4.9	5.7	3.9
Selling/General/Administrative Expense	2.3	2.4	2.6	1.7	2.0
Total Selling/General/Administrative Expenses	2.3	2.4	2.6	1.7	2.0
Research & Development	0.3	0.2	0.2	0.3	0.2
Impairment-Assets Held for Use	0.0	0.0	0.0	2.1	0.3
Unusual Expense (Income)	0.0	0.0	0.0	2.1	0.3
Total Operating Expense	51.7	53.7	42.0	40.1	34.2
Operating Income	6.2	5.2	2.2	1.7	1.4
Interest Expense - Non-Operating	-0.1	-0.2	-0.2	-0.2	-0.2
Interest Expense, Net Non-Operating	-0.1	-0.2	-0.2	-0.2	-0.2
Interest Income - Non-Operating	0.0	0.0	0.0	0.0	0.0
Investment Income - Non-Operating	-0.1	-0.5	-0.1	0.1	0.0
Interest/Investment Income - Non-Operating	0.0	-0.5	-0.1	0.1	0.0
Interest Income (Expense) - Net Non-Operating Total	-0.1	-0.7	-0.3	-0.1	-0.2
Gain (Loss) on Sale of Assets	-	-0.1	0.0	0.0	0.0
Other Non-Operating Income (Expense)	0.1	-0.1	0.0	0.2	0.1
Other, Net	0.1	-0.1	0.0	0.2	0.1
Income Before Tax	6.1	4.3	1.9	1.7	1.3
Total Income Tax	1.0	0.7	0.2	-0.7	0.0
Income After Tax	5.1	3.6	1.7	2.4	1.3
Net Income Before Extraord Items	5.1	3.6	1.7	2.4	1.3
Net Income	5.1	3.6	1.7	2.4	1.3
Income Available to Common Excl Extraord Items	5.1	3.6	1.7	2.4	1.3
Income Available to Common Incl Extraord Items	5.1	3.6	1.7	2.4	1.3
Basic/Primary Weighted Average Shares	95.2	70.7	78.5	78.5	78.5
Basic EPS Excl Extraord Items	0.05	0.05	0.02	0.03	0.02
Basic/Primary EPS Incl Extraord Items	0.05	0.05	0.02	0.03	0.02
Dilution Adjustment	-	0.0	0.0	0.0	0.0
Diluted Net Income	5.1	3.6	1.7	2.4	1.3
Diluted Weighted Average Shares	95.2	70.7	78.5	78.5	78.5
Diluted EPS Excl Extraord Items	0.05	0.05	0.02	0.03	0.02
Diluted EPS Incl Extraord Items	0.05	0.05	0.02	0.03	0.02
Dividends per Share - Common Stock Primary Issue	0.00	-	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	-	0.0	0.0	0.0
Interest Expense, Supplemental	0.1	0.2	0.2	0.2	0.2
Depreciation, Supplemental	0.9	0.8	0.8	0.8	0.8
Total Special Items	0.0	0.1	0.0	2.1	0.3
Normalized Income Before Tax	6.1	4.4	2.0	3.8	1.6
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.7	0.0
Inc Tax Ex Impact of Sp Items	1.0	0.7	0.2	0.0	0.0
Normalized Income After Tax	5.1	3.7	1.8	3.8	1.6
Normalized Inc. Avail to Com.	5.1	3.7	1.8	3.8	1.6
Basic Normalized EPS	0.05	0.05	0.02	0.05	0.02
Diluted Normalized EPS	0.05	0.05	0.02	0.05	0.02
Research & Development Exp, Supplemental	-	0.2	0.2	0.3	0.2
Normalized EBIT	6.2	5.2	2.2	3.7	1.7
Normalized EBITDA	7.1	6.0	3.0	4.6	2.5

Annual Balance Sheet

Standardized

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	Reclassified Normal 31-Dec-2008	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Equivalents	0.8	0.2	0.1	0.4	0.6
Short Term Investments	0.2	-	-	-	-
Cash and Short Term Investments	1.0	0.2	0.1	0.4	0.6
Accounts Receivable - Trade, Gross	13.1	4.8	5.1	5.4	4.2
Provision for Doubtful Accounts	-0.3	-0.6	-0.4	-0.4	-0.2
Trade Accounts Receivable - Net	12.7	4.3	4.7	5.0	4.0
Notes Receivable - Short Term	6.1	5.3	3.1	5.7	6.3
Other Receivables	0.5	0.5	0.0	0.4	0.5
Total Receivables, Net	19.3	10.0	7.8	11.1	10.7
Inventories - Finished Goods	12.7	11.2	12.1	15.2	11.7
Inventories - Work In Progress	0.4	0.1	0.0	0.1	1.4
Inventories - Raw Materials	6.2	3.1	1.5	3.1	1.8
Inventories - Other	-0.6	-0.7	-2.6	-1.6	-1.2
Total Inventory	18.7	13.6	11.1	16.8	13.6
Prepaid Expenses	1.3	1.7	0.7	1.0	1.1
Restricted Cash - Current	1.7	0.3	0.6	0.8	0.4
Deferred Income Tax - Current Asset	0.1	0.1	0.3	0.2	0.2
Other Current Assets	0.1	0.1	0.1	0.1	0.0
Other Current Assets, Total	1.9	0.5	1.0	1.1	0.6
Total Current Assets	42.2	26.0	20.7	30.4	26.8
Buildings	18.7	17.0	14.1	14.2	14.1
Land/Improvements	5.1	4.6	2.3	2.3	2.3
Machinery/Equipment	120.2	111.2	107.5	107.9	105.2
Construction in Progress	4.6	0.6	0.2	1.1	0.1
Leases	5.9	5.4	5.3	5.3	5.3
Other Property/Plant/Equipment	2.6	2.4	-	-	-
Property/Plant/Equipment - Gross	157.0	141.3	129.4	130.9	126.9
Accumulated Depreciation	-122.2	-110.3	-105.0	-103.6	-98.4
Property/Plant/Equipment - Net	34.8	30.9	24.4	27.3	28.5
Note Receivable - Long Term	-	0.0	0.1	0.0	0.0
Deferred Charges	0.2	0.1	0.2	0.0	0.1
Pension Benefits - Overfunded	0.1	-	-	-	-
Deferred Income Tax - Long Term Asset	1.0	0.0	0.0	0.0	0.0
Other Long Term Assets	2.3	2.6	3.6	5.5	5.8
Other Long Term Assets, Total	3.7	2.7	3.8	5.6	5.9
Total Assets	80.7	59.7	49.0	63.4	61.2
Accounts Payable	14.9	11.1	6.7	16.1	8.2
Accrued Expenses	3.6	2.7	2.9	3.1	3.2
Notes Payable/Short Term Debt	3.1	5.5	12.9	9.7	15.3
Current Portion - Long Term Debt/Capital Leases	0.7	1.4	1.3	2.2	3.2
Customer Advances	3.3	1.0	0.8	0.5	0.5
Income Taxes Payable	1.2	0.0	-	-	0.0
Other Payables	2.3	1.2	0.4	0.0	0.1
Other Current Liabilities	0.1	0.1	0.1	0.8	0.4
Other Current liabilities, Total	7.0	2.4	1.3	1.4	1.0
Total Current Liabilities	29.2	23.1	25.0	32.6	31.0
Long Term Debt	5.5	16.9	8.6	10.5	12.3
Total Long Term Debt	5.5	16.9	8.6	10.5	12.3
Total Debt	9.3	23.8	22.7	22.4	30.8
Pension Benefits - Underfunded	1.0	0.6	0.7	0.7	0.8
Other Long Term Liabilities	0.3	0.6	0.7	0.0	0.0
Other Liabilities, Total	1.4	1.1	1.4	0.7	0.8
Total Liabilities	36.1	41.0	35.0	43.9	44.1
Common Stock	31.4	22.4	21.8	22.1	22.0
Common Stock	31.4	22.4	21.8	22.1	22.0
Additional Paid-In Capital	8.1	-	-	-	-
Retained Earnings (Accumulated Deficit)	3.1	-6.1	-7.8	-2.5	-4.8
Treasury Stock - Common	0.0	0.0	0.0	0.0	0.0
Unrealized Gain (Loss)	2.6	2.4	-	-	-
Minimum Pension Liability Adjustment	-0.5	-	-	-	-
Other Equity, Total	-0.5	-	-	-	-
Total Equity	44.6	18.7	14.0	19.5	17.1
Total Liabilities & Shareholders’ Equity	80.7	59.7	49.0	63.4	61.2
Shares Outstanding - Common Stock Primary Issue	95.2	78.5	78.5	78.5	78.5
Total Common Shares Outstanding	95.2	78.5	78.5	78.5	78.5
Treasury Shares - Common Stock Primary Issue	0.1	0.1	0.1	0.1	0.1
Employees	469	424	315	398	394
Number of Common Shareholders	-	9,840	10,060	10,330	10,781
Deferred Revenue - Current	3.3	1.0	0.8	0.5	0.5
Total Long Term Debt, Supplemental	-	18.3	9.8	12.7	15.5
Long Term Debt Maturing within 1 Year	-	1.4	1.3	2.2	3.2
Long Term Debt Maturing in Year 2	-	11.4	1.2	4.8	4.5
Long Term Debt Maturing in Year 3	-	1.7	2.3	2.3	2.2
Long Term Debt Maturing in Year 4	-	1.6	1.6	2.3	2.2
Long Term Debt Maturing in 2-3 Years	-	13.1	3.5	7.0	6.7
Long Term Debt Maturing in 4-5 Years	-	1.6	1.6	2.3	2.2
Long Term Debt Matur. in Year 6 & Beyond	-	2.1	3.5	1.2	3.3
Total Operating Leases, Supplemental	-	0.1	0.1	0.1	0.2
Operating Lease Payments Due in Year 1	-	0.0	0.0	0.0	0.1
Operating Lease Payments Due in Year 2	-	0.0	0.0	0.0	0.0
Operating Lease Payments Due in Year 3	-	0.0	0.0	0.0	0.0
Operating Lease Payments Due in Year 4	-	0.0	0.0	0.0	0.0
Operating Lease Pymts. Due in 2-3 Years	-	0.0	0.0	0.1	0.1
Operating Lease Pymts. Due in 4-5 Years	-	0.0	0.0	0.0	0.0
Oper. Lse. Pymts. Due in Year 6 & Beyond	-	0.0	0.0	0.0	0.0
Pension Obligation - Domestic	-	2.5	2.1	2.2	2.2
Plan Assets - Domestic	-	1.7	1.5	2.1	2.1
Funded Status - Domestic	-	-0.8	-0.6	-0.1	0.0
Accumulated Obligation - Domestic	-	2.2	1.9	2.0	1.9
Total Funded Status	-	-0.8	-0.6	-0.1	0.0
Discount Rate - Domestic	-	2.25%	2.75%	3.50%	3.50%
Expected Rate of Return - Domestic	-	2.25%	1.50%	2.50%	2.50%
Compensation Rate - Domestic	-	1.00%	1.00%	1.00%	1.00%
Prepaid Benefits - Domestic	0.1	-	-	-	-
Accrued Liabilities - Domestic	-1.0	-0.6	-0.7	-0.7	-0.8
Net Assets Recognized on Balance Sheet	-0.9	-0.6	-0.7	-0.7	-0.8
Total Plan Obligations	-	2.5	2.1	2.2	2.2
Total Plan Assets	-	1.7	1.5	2.1	2.1

Interim Balance Sheet

Standardized

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 & Equivalents	2.7	0.8	0.7	0.8	0.6
Short Term Investments	0.2	0.2	-	-	0.0
Cash and Short Term Investments	2.8	1.0	0.7	0.8	0.6
Accounts Receivable - Trade, Gross	12.7	13.1	8.6	8.4	7.5
Provision for Doubtful Accounts	-0.3	-0.3	-0.5	-0.4	-0.6
Trade Accounts Receivable - Net	12.3	12.7	8.1	7.9	6.9
Notes Receivable - Short Term	9.3	6.1	4.8	4.3	4.9
Other Receivables	0.9	0.5	0.6	0.7	0.6
Total Receivables, Net	22.5	19.3	13.6	12.9	12.4
Inventories - Finished Goods	17.1	12.7	16.3	14.8	11.3
Inventories - Work In Progress	0.4	0.4	0.3	0.1	0.1
Inventories - Raw Materials	6.4	6.2	3.7	2.8	3.5
Inventories - Other	-1.1	-0.6	-0.9	-0.7	-0.7
Total Inventory	22.7	18.7	19.3	17.0	14.3
Prepaid Expenses	1.2	1.3	0.8	0.8	2.0
Restricted Cash - Current	1.7	1.7	2.1	1.3	0.8
Deferred Income Tax - Current Asset	0.2	0.1	0.5	0.4	0.1
Other Current Assets	0.1	0.1	0.1	0.2	0.1
Other Current Assets, Total	1.9	1.9	2.7	1.9	1.0
Total Current Assets	51.2	42.2	37.1	33.4	30.2
Buildings	18.6	18.7	17.4	16.9	17.1
Land/Improvements	5.0	5.1	4.8	4.6	4.7
Machinery/Equipment	121.0	120.2	113.6	111.0	112.1
Construction in Progress	4.4	4.6	3.1	1.4	1.0
Leases	5.9	5.9	5.5	5.4	5.5
Other Property/Plant/Equipment	2.5	2.6	2.5	2.4	2.4
Property/Plant/Equipment - Gross	157.5	157.0	146.9	141.7	142.9
Accumulated Depreciation	-122.0	-122.2	-114.6	-111.4	-111.9
Property/Plant/Equipment - Net	35.5	34.8	32.3	30.4	31.0
Note Receivable - Long Term	-	-	0.0	-	0.0
Deferred Charges	0.4	0.2	0.2	0.2	0.2
Pension Benefits - Overfunded	0.1	0.1	-	-	0.0
Deferred Income Tax - Long Term Asset	1.0	1.0	0.5	0.5	0.0
Other Long Term Assets	1.4	2.3	3.2	1.8	2.4
Other Long Term Assets, Total	3.0	3.7	3.9	2.5	2.5
Total Assets	89.6	80.7	73.3	66.3	63.7
Accounts Payable	15.9	14.9	20.8	18.2	16.5
Accrued Expenses	3.9	3.6	3.7	2.8	2.8
Notes Payable/Short Term Debt	6.5	3.1	4.9	5.4	6.5
Current Portion - Long Term Debt/Capital Leases	1.1	0.7	2.5	2.3	1.9
Customer Advances	2.6	3.3	3.3	3.2	1.8
Income Taxes Payable	2.3	1.2	0.4	0.1	0.0
Other Payables	2.3	2.3	2.2	0.8	1.1
Other Current Liabilities	0.1	0.1	0.1	0.1	0.1
Other Current liabilities, Total	7.4	7.0	6.1	4.3	3.0
Total Current Liabilities	34.8	29.2	38.0	33.1	30.6
Long Term Debt	4.2	5.5	9.7	9.9	11.9
Total Long Term Debt	4.2	5.5	9.7	9.9	11.9
Total Debt	11.9	9.3	17.0	17.7	20.2
Pension Benefits - Underfunded	1.1	1.0	0.5	0.5	0.6
Other Long Term Liabilities	0.3	0.3	0.4	0.4	0.5
Other Liabilities, Total	1.3	1.4	0.9	0.9	1.1
Total Liabilities	40.3	36.1	48.6	43.9	43.6
Common Stock	31.1	31.4	22.9	22.3	22.5
Common Stock	31.1	31.4	22.9	22.3	22.5
Additional Paid-In Capital	8.1	8.1	-	-	0.0
Retained Earnings (Accumulated Deficit)	8.1	3.1	-0.7	-2.4	-4.8
Treasury Stock - Common	0.0	0.0	0.0	0.0	0.0
Unrealized Gain (Loss)	2.5	2.6	2.5	2.4	2.4
Minimum Pension Liability Adjustment	-0.5	-0.5	-	-	-
Other Equity, Total	-0.5	-0.5	-	-	-
Total Equity	49.4	44.6	24.7	22.3	20.1
Total Liabilities & Shareholders’ Equity	89.6	80.7	73.3	66.3	63.7
Shares Outstanding - Common Stock Primary Issue	95.2	95.2	78.5	78.5	78.5
Total Common Shares Outstanding	95.2	95.2	78.5	78.5	78.5
Treasury Shares - Common Stock Primary Issue	0.1	0.1	0.1	0.1	0.1
Employees	-	469	434	430	429
Deferred Revenue - Current	-	3.3	3.3	3.2	1.8
Total Long Term Debt, Supplemental	-	-	12.1	12.2	13.7
Long Term Debt Maturing within 1 Year	-	-	2.5	2.3	1.9
Long Term Debt Maturing in Year 2	-	-	0.7	1.4	2.9
Long Term Debt Maturing in Year 3	-	-	2.6	2.4	2.2
Long Term Debt Maturing in 2-3 Years	-	-	3.3	3.8	5.0
Long Term Debt Matur. in Year 6 & Beyond	-	-	6.4	6.1	6.8
Total Operating Leases, Supplemental	-	-	0.0	0.0	0.1
Operating Lease Payments Due in Year 1	-	-	0.0	0.0	0.0
Operating Lease Payments Due in Year 2	-	-	0.0	0.0	0.0
Operating Lease Payments Due in Year 3	-	-	0.0	0.0	0.0
Operating Lease Payments Due in Year 4	-	-	0.0	0.0	0.0
Operating Lease Pymts. Due in 2-3 Years	-	-	0.0	0.0	0.0
Operating Lease Pymts. Due in 4-5 Years	-	-	0.0	0.0	0.0
Oper. Lse. Pymts. Due in Year 6 & Beyond	-	-	0.0	0.0	0.0
Prepaid Benefits - Domestic	-	0.1	-	-	-
Accrued Liabilities - Domestic	-	-1.0	-0.5	-0.5	-0.6
Net Assets Recognized on Balance Sheet	-	-0.9	-0.5	-0.5	-0.6

Annual Cash Flows

Standardized

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	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 (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income/Starting Line	9.0	1.8	-5.5	2.3	2.8
Depreciation	3.3	3.2	3.3	4.7	5.7
Depreciation/Depletion	3.3	3.2	3.3	4.7	5.7
Deferred Taxes	-0.9	0.3	-0.1	0.0	-0.1
Unusual Items	2.5	1.0	1.7	0.6	0.2
Equity in Net Earnings (Loss)	-	-	0.0	0.0	0.0
Other Non-Cash Items	0.4	-3.0	2.8	0.5	0.7
Non-Cash Items	2.9	-2.0	4.6	1.1	0.9
Accounts Receivable	-7.6	-2.1	3.1	-0.3	-3.1
Inventories	-3.2	-0.4	4.8	-3.4	-0.6
Prepaid Expenses	0.4	-0.8	0.2	0.2	-0.2
Other Assets	0.2	-	-	-	-
Accounts Payable	1.8	6.5	-7.4	7.8	-0.5
Accrued Expenses	0.7	0.6	-0.2	-0.1	0.0
Taxes Payable	1.1	0.0	-	0.0	0.0
Other Liabilities	2.5	0.0	-0.5	-1.0	0.2
Changes in Working Capital	-4.1	3.9	-0.1	3.2	-4.1
Cash from Operating Activities	10.1	7.2	2.1	11.3	5.3
Purchase of Fixed Assets	-3.7	-5.8	-1.9	-3.2	-1.6
Capital Expenditures	-3.7	-5.8	-1.9	-3.2	-1.6
Sale of Fixed Assets	0.1	0.1	0.2	0.0	0.0
Purchase of Investments	-0.2	-	-	-	-
Other Investing Cash Flow	-3.4	0.4	0.2	-0.9	-0.2
Other Investing Cash Flow Items, Total	-3.4	0.5	0.4	-0.9	-0.2
Cash from Investing Activities	-7.2	-5.3	-1.5	-4.1	-1.8
Other Financing Cash Flow	-0.3	-0.2	-0.1	-0.1	-0.1
Financing Cash Flow Items	-0.3	-0.2	-0.1	-0.1	-0.1
Sale/Issuance of Common	13.0	-	-	-	-
Repurchase/Retirement of Common	-	-	-	-	0.0
Common Stock, Net	13.0	-	-	-	0.0
Issuance (Retirement) of Stock, Net	13.0	-	-	-	0.0
Short Term Debt Issued	0.8	-	4.2	-	0.9
Short Term Debt Reduction	-3.1	-7.2	-2.2	-4.6	-2.5
Short Term Debt, Net	-2.3	-7.2	2.0	-4.6	-1.6
Long Term Debt Issued	-	5.5	-	-	-
Long Term Debt Reduction	-12.9	-	-2.8	-2.8	-1.6
Long Term Debt, Net	-12.9	5.5	-2.8	-2.8	-1.6
Issuance (Retirement) of Debt, Net	-15.2	-1.7	-0.8	-7.4	-3.2
Cash from Financing Activities	-2.4	-1.9	-0.9	-7.4	-3.2
Net Change in Cash	0.6	0.1	-0.2	-0.3	0.2
Net Cash - Beginning Balance	0.2	0.1	0.4	0.6	0.4
Net Cash - Ending Balance	0.8	0.2	0.1	0.4	0.6
Cash Interest Paid	0.8	0.7	1.0	1.1	1.2
Cash Taxes Paid	0.0	0.0	0.0	0.0	0.0

Interim Cash Flows

Standardized

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/Starting Line	5.1	9.0	5.5	3.7	1.3
Depreciation	0.9	3.3	2.5	1.7	0.8
Depreciation/Depletion	0.9	3.3	2.5	1.7	0.8
Deferred Taxes	-0.1	-0.9	-0.9	-0.8	0.0
Unusual Items	0.0	2.5	2.4	2.3	0.3
Other Non-Cash Items	0.6	0.4	0.0	-0.2	-0.1
Non-Cash Items	0.6	2.9	2.3	2.1	0.1
Accounts Receivable	-3.3	-7.6	-3.1	-2.9	-2.3
Inventories	-4.7	-3.2	-5.4	-3.4	-0.4
Prepaid Expenses	0.0	0.4	0.7	0.7	-0.3
Other Assets	0.0	0.2	0.3	0.1	0.1
Accounts Payable	-2.2	1.8	4.6	2.6	0.6
Accrued Expenses	0.3	0.7	1.0	0.3	0.2
Taxes Payable	1.1	1.1	0.4	0.1	-
Other Liabilities	-0.3	2.5	2.5	2.7	2.0
Changes in Working Capital	-9.1	-4.1	0.9	0.1	-0.2
Cash from Operating Activities	-2.6	10.1	10.3	6.8	2.1
Purchase of Fixed Assets	-1.8	-3.7	-2.3	-1.6	-0.9
Capital Expenditures	-1.8	-3.7	-2.3	-1.6	-0.9
Sale of Fixed Assets	-	0.1	0.1	0.0	-
Purchase of Investments	0.0	-0.2	-	-	-
Other Investing Cash Flow	0.7	-3.4	-4.7	-2.6	-0.6
Other Investing Cash Flow Items, Total	0.7	-3.4	-4.7	-2.6	-0.6
Cash from Investing Activities	-1.1	-7.2	-6.9	-4.2	-1.4
Other Financing Cash Flow	-0.1	-0.3	-0.2	-0.1	-0.1
Financing Cash Flow Items	-0.1	-0.3	-0.2	-0.1	-0.1
Sale/Issuance of Common	-	13.0	-	-	-
Common Stock, Net	-	13.0	-	-	-
Issuance (Retirement) of Stock, Net	-	13.0	-	-	-
Short Term Debt Issued	3.3	0.8	4.7	4.7	4.7
Short Term Debt, Net	6.4	-2.3	3.8	4.2	4.5
Long Term Debt Reduction	-0.8	-12.9	-6.5	-6.0	-4.7
Long Term Debt, Net	-0.8	-12.9	-6.5	-6.0	-4.7
Issuance (Retirement) of Debt, Net	5.6	-15.2	-2.6	-1.8	-0.2
Cash from Financing Activities	5.5	-2.4	-2.8	-2.0	-0.3
Foreign Exchange Effects	-	-	0.0	-	-
Net Change in Cash	1.8	0.6	0.5	0.6	0.3
Net Cash - Beginning Balance	0.8	0.2	0.2	0.2	0.2
Net Cash - Ending Balance	2.7	0.8	0.7	0.8	0.6
Cash Interest Paid	0.1	0.8	0.6	0.4	0.2
Cash Taxes Paid	0.0	0.0	0.0	0.0	0.0

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	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified with Explanation
Gross Sales	181.4	98.2	121.4	127.8	101.6
Sales Returns & Discounts	-1.5	-1.7	-3.0	-2.5	-2.0
Total Revenue	179.9	96.5	118.5	125.4	99.6
Cost of Sales	157.8	87.9	113.9	114.0	88.7
Inventory Devaluation & Obsolescence	-	-	-	0.3	0.4
Gain on Physical Inventory	-	-	-	0.0	0.0
Selling Expenses	5.6	3.2	3.8	3.8	3.2
General and Administrative Expenses	3.0	1.8	2.0	1.9	1.9
Research and Development Expenses	0.8	0.9	0.8	1.7	1.6
Impairment Loss	2.4	1.1	1.7	0.6	0.2
Impairment of Idle Assets	-	-	-	-	0.0
Total Operating Expense	169.6	95.0	122.2	122.3	96.0
Interest Income	0.0	0.0	0.0	0.0	0.0
Gain on Equity Investment	-	0.0	0.0	0.0	0.0
Gain on Sale of Fixed Assets	0.0	0.1	0.0	0.0	0.0
Gain/Loss on Foreign Exchange	-0.5	-0.1	-0.1	0.1	0.0
Rent Income	0.0	0.0	0.0	0.1	0.0
Gain on Sale of Scrap & Waste	-	-	-	0.2	0.2
Miscellaneous Income	0.4	1.4	0.2	0.3	0.4
Interest Expense	-0.7	-0.7	-1.0	-1.1	-1.2
Realized Loss on Equity Investment	-	-	-	0.0	0.0
Loss on Sale of Fixed Assets	-0.1	0.0	-0.2	0.0	0.0
Miscellaneous Disbursements	-0.2	-0.1	-1.0	-0.3	-0.3
Net Income Before Taxes	9.2	2.1	-5.6	2.3	2.7
Provision for Income Taxes	0.2	0.3	-0.1	0.0	-0.1
Net Income After Taxes	9.0	1.8	-5.5	2.3	2.8
Net Income Before Extra. Items	9.0	1.8	-5.5	2.3	2.8
Accounting Change	-	-	-	-	0.0
Net Income	9.0	1.8	-5.5	2.3	2.8
Income Available to Com Excl ExtraOrd	9.0	1.8	-5.5	2.3	2.8
Income Available to Com Incl ExtraOrd	9.0	1.8	-5.5	2.3	2.8
Basic Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Basic EPS Excluding ExtraOrdinary Items	0.12	0.02	-0.07	0.03	0.04
Basic EPS Including ExtraOrdinary Items	0.12	0.02	-0.07	0.03	0.04
Dilution Adjustment	-	-	0.0	-	-
Diluted Net Income	9.0	1.8	-5.5	2.3	2.8
Diluted Weighted Average Shares	76.5	78.5	78.5	78.5	78.5
Diluted EPS Excluding ExtraOrd Items	0.12	0.02	-0.07	0.03	0.04
Diluted EPS Including ExtraOrd Items	0.12	0.02	-0.07	0.03	0.04
DPS-Ordinary Stock	-	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	0.0	0.0	0.0	0.0
Normalized Income Before Taxes	11.7	3.1	-3.9	2.8	2.8
Inc Tax Ex Impact of Sp Items	0.3	0.4	0.5	0.1	0.0
Normalized Income After Taxes	11.5	2.7	-4.4	2.6	2.8
Normalized Inc. Avail to Com.	11.5	2.7	-4.4	2.6	2.8
Basic Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Diluted Normalized EPS	0.15	0.03	-0.06	0.03	0.04
Interest Expense, Supplemental	0.7	0.7	1.0	1.1	1.2
R&D Expense, Supplemental	0.8	0.9	0.8	1.7	1.6
Depreciation - Operating Cost	2.9	2.8	3.1	4.4	5.5
Depreciation - Operating Expense	0.3	0.3	0.3	0.3	0.3
Deferred Tax	-	0.3	-0.1	-	-
Deferred Tax - Total	-	0.3	-0.1	-	-
Other Tax	-	0.0	0.0	-	-
Income Tax - Total	-	0.3	-0.1	-	-
Service Cost	-	0.0	0.1	0.1	0.1
Interest Cost	-	0.1	0.1	0.1	0.1
Expected Return on Plan Assets	-	0.0	-0.1	-0.1	-0.1
Amort. of Unrecognized Transitional Cost	-	0.0	0.0	0.0	0.0
Amort. of Actuarial Gain/Loss	-	0.0	0.0	0.0	-0.1
Domestic Pension Plan Expense	-	0.1	0.1	0.1	0.1
Defined Contribution Expense - Domestic	-	0.1	0.1	-	-
Total Pension Expense	-	0.2	0.2	0.1	0.1
Discount Rate	-	2.25%	2.75%	3.50%	3.50%
Rate of Compensation Increase	-	1.00%	1.00%	1.00%	1.00%
Expected Rate of Return on Plan Assets	-	2.25%	1.50%	2.50%	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	58.2	59.5	44.6	42.0	36.0
Sales Returns&Discounts	-0.2	-0.6	-0.4	-0.2	-0.4
Total Revenue	57.9	58.8	44.3	41.8	35.7
Cost of Sales	49.1	51.1	39.3	36.1	31.8
Selling Expenses	1.2	1.3	1.7	1.1	1.4
General and Administrative Expenses	1.1	1.1	0.8	0.5	0.6
Research and Development Expenses	0.3	0.2	0.2	0.3	0.2
Impairment Loss	0.0	0.0	0.0	2.1	0.3
Total Operating Expense	51.7	53.7	42.0	40.1	34.2
Interest Income	0.0	0.0	0.0	0.0	0.0
Gains on Sale of Investments	0.0	-	-	-	0.0
Gain on Equity Investment	-	0.0	0.0	-	-
Gains on Disposal of Fixed Assets	-	0.0	0.0	0.0	0.0
Gain/Loss on Foreign Exchange	-0.1	-0.5	-0.1	0.1	0.0
Rent Income	0.0	0.0	0.0	0.0	0.0
Miscellaneous Income	0.1	0.0	0.1	0.2	0.1
Interest Expense	-0.1	-0.2	-0.2	-0.2	-0.2
Loss on Disposal of Fixed Assets	-	-0.1	0.0	-	-
Miscellaneous Disbursements	0.0	-0.1	0.0	0.0	0.0
Net Income Before Taxes	6.1	4.3	1.9	1.7	1.3
Provision for Income Taxes	1.0	0.7	0.2	-0.7	0.0
Net Income After Taxes	5.1	3.6	1.7	2.4	1.3
Net Income Before Extra. Items	5.1	3.6	1.7	2.4	1.3
Net Income	5.1	3.6	1.7	2.4	1.3
Income Available to Com Excl ExtraOrd	5.1	3.6	1.7	2.4	1.3
Income Available to Com Incl ExtraOrd	5.1	3.6	1.7	2.4	1.3
Basic Weighted Average Shares	95.2	70.7	78.5	78.5	78.5
Basic EPS Excluding ExtraOrdinary Items	0.05	0.05	0.02	0.03	0.02
Basic EPS Including ExtraOrdinary Items	0.05	0.05	0.02	0.03	0.02
Dilution Adjustment	-	0.0	0.0	0.0	0.0
Diluted Net Income	5.1	3.6	1.7	2.4	1.3
Diluted Weighted Average Shares	95.2	70.7	78.5	78.5	78.5
Diluted EPS Excluding ExtraOrd Items	0.05	0.05	0.02	0.03	0.02
Diluted EPS Including ExtraOrd Items	0.05	0.05	0.02	0.03	0.02
DPS-Ordinary Stock	0.00	-	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	-	0.0	0.0	0.0
Normalized Income Before Taxes	6.1	4.4	2.0	3.8	1.6
Inc Tax Ex Impact of Sp Items	1.0	0.7	0.2	0.0	0.0
Normalized Income After Taxes	5.1	3.7	1.8	3.8	1.6
Normalized Inc. Avail to Com.	5.1	3.7	1.8	3.8	1.6
Basic Normalized EPS	0.05	0.05	0.02	0.05	0.02
Diluted Normalized EPS	0.05	0.05	0.02	0.05	0.02
Interest Expense, Supplemental	0.1	0.2	0.2	0.2	0.2
R&D Expense, Supplemental	-	0.2	0.2	0.3	0.2
Depreciation, Supplemental	0.9	0.8	0.8	0.8	0.8

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	Reclassified Normal 31-Dec-2008	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	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified with Explanation
Cash and Cash Equivalent	0.8	0.2	0.1	0.4	0.6
Financial Assets-Fair Value,Current	0.2	-	-	-	-
Notes Receivable	6.1	5.3	3.1	5.7	6.3
Accounts Receivable, Gross	13.1	4.8	5.1	5.4	4.2
Provision for Doubtful Accounts	-0.3	-0.4	-0.3	-0.2	-0.2
Provision for Sales Discount	0.0	-0.1	-0.2	-0.2	-0.1
Other Receivables	0.5	0.5	0.0	0.4	0.5
Merchandise	0.0	0.0	0.0	0.0	0.0
Raw Material	5.3	2.6	0.9	2.3	1.3
Supplies	0.9	0.5	0.5	0.8	0.5
Work-in-Process	0.4	0.1	0.0	0.1	1.4
Finished Goods	12.7	11.2	12.1	15.2	11.7
Provision/Allowance for Inventory	-0.6	-0.7	-2.6	-1.6	-1.2
Prepayment	1.3	1.7	0.7	1.0	1.1
Deferred Income Tax Assets - Current	0.1	0.1	0.3	0.2	0.2
Restricted Assets	1.7	0.3	0.6	0.8	0.4
Other Current Assets	0.1	0.1	0.1	0.1	0.0
Total Current Assets	42.2	26.0	20.7	30.4	26.8
Land and Improvements	5.1	4.6	2.3	2.3	2.3
Buildings and Structures	18.1	16.5	13.6	13.7	13.5
Machinery and Equipment	105.8	98.5	94.9	95.8	93.1
Transportation Equipment	0.2	0.2	0.2	0.2	0.3
Office Equipment	0.7	0.6	0.7	0.7	0.8
Leasehold Improvement	0.6	0.5	0.5	0.5	0.5
Miscellaneous Equipment	13.6	11.9	11.7	11.2	11.0
Revaluation Increments	2.6	2.4	-	-	-
Accumulated Depreciation	-118.7	-107.1	-101.9	-100.5	-95.3
Provision for Impairment of Fixed Assets	-0.3	-0.3	-0.3	-0.3	-0.3
Construction in Progress	-	-	-	-	0.0
Prepayment for Equipment	4.6	0.6	0.2	1.1	0.1
Deferred Pension Cost	0.1	-	-	-	-
Assets for Lease	5.9	5.4	5.3	5.3	5.3
Provision for Revaluation Loss	-2.8	-2.6	-2.5	-2.5	-2.5
Accumulated Depreciation-Asset for Lease	-0.4	-0.3	-0.3	-0.3	-0.3
Security Deposits Paid	2.3	0.1	0.1	0.1	0.0
Deferred Charges	0.2	0.1	0.2	0.0	0.1
Overdue Receivables	-	0.0	0.1	0.0	0.0
Deferred Income Tax Assets - Non Current	1.0	0.0	0.0	0.0	0.0
Other Long Term Assets	0.1	2.5	3.5	5.4	5.7
Total Assets	80.7	59.7	49.0	63.4	61.2
Short Term Borrowings	0.0	3.1	10.4	6.4	11.0
Short Term Notes & Bills Payable	0.9	0.0	2.4	4.6	4.6
Notes Payable	3.1	2.4	2.5	3.3	4.4
Accounts Payable	14.0	11.1	4.2	11.5	3.6
Income Taxes Payable	1.2	0.0	-	-	0.0
Accrued Expenses	3.6	2.7	2.9	3.1	3.2
Due to Related Parties	0.1	0.0	0.1	0.0	0.1
Other Payables	2.2	1.2	0.3	-	-
Advance Receipts	3.3	1.0	0.8	0.5	0.5
Current Portion of Long Term Debt	0.7	1.4	1.3	2.2	3.2
Other Current Liabilities	0.1	0.1	0.1	0.8	0.4
Total Current Liabilities	29.2	23.1	25.0	32.6	31.0
Long Term Borrowings	5.5	16.9	8.6	10.5	12.3
Total Long Term Debt	5.5	16.9	8.6	10.5	12.3
Accrued Pension Liabilities	1.0	0.6	0.7	0.7	0.8
Long Term Security Deposits Received	0.1	0.1	0.0	0.0	0.0
Other Long Term Liabilities	0.2	0.5	0.7	0.0	0.0
Total Liabilities	36.1	41.0	35.0	43.9	44.1
Common Stock	31.4	22.4	21.8	22.1	22.0
Cap.Surplus, Additional Paid in Capital	7.2	-	-	-	-
Employee Stock Option	0.9	-	-	-	-
Retained Earnings	3.1	-6.1	-7.8	-2.5	-4.8
Net Loss Not Recognized as Pension Cost	-0.5	-	-	-	-
Unrealized Revaluation Increment	2.6	2.4	-	-	-
Treasury Stock	0.0	0.0	0.0	0.0	0.0
Total Equity	44.6	18.7	14.0	19.5	17.1
Total Liabilities & Shareholders' Equity	80.7	59.7	49.0	63.4	61.2
S/O-Ordinary Stock	95.2	78.5	78.5	78.5	78.5
Total Common Shares Outstanding	95.2	78.5	78.5	78.5	78.5
T/S-Ordinary Stock	0.1	0.1	0.1	0.1	0.1
Advance Receipt - Current	3.3	1.0	0.8	0.5	0.5
Full-Time Employees	469	424	315	398	394
Number of Common Shareholders	-	9,840	10,060	10,330	10,781
Long Term Debts Due in 1 Year	-	1.4	1.3	2.2	3.2
Long Term Debts Due in 2 Years	-	11.4	1.2	4.8	4.5
Long Term Debts Due in 3 Years	-	1.7	2.3	2.3	2.2
Long Term Debts Due in 4 Years	-	1.6	1.6	2.3	2.2
Long Term Debts Due after 5 Years	-	2.1	3.5	1.2	3.3
Total Long Term Debt, Supplemental	-	18.3	9.8	12.7	15.5
Operating Lease due in 1 year	-	0.0	0.0	0.0	0.1
Operating Lease due in 2 years	-	0.0	0.0	0.0	0.0
Operating Lease due in 3 years	-	0.0	0.0	0.0	0.0
Operating Lease due in 4 years	-	0.0	0.0	0.0	0.0
Operating Lease due after 5 years	-	0.0	0.0	0.0	0.0
Total Operating Leases	-	0.1	0.1	0.1	0.2
Accumulated Benefit Obligation	-	2.2	1.9	2.0	1.9
Benefit Obligation	-	2.5	2.1	2.2	2.2
Fair Value of Plan Assets	-	1.7	1.5	2.1	2.1
Funded Status	-	-0.8	-0.6	-0.1	0.0
Total Funded Status	-	-0.8	-0.6	-0.1	0.0
Discount Rate	-	2.25%	2.75%	3.50%	3.50%
Rate of Compensation Increase	-	1.00%	1.00%	1.00%	1.00%
Expected Rate of Return on Plan Assets	-	2.25%	1.50%	2.50%	2.50%
Deferred Pension Cost	0.1	-	-	-	-
Accrued Pension Liabilities	-1.0	-0.6	-0.7	-0.7	-0.8
Net Assets Recognized on Balance Sheet	-0.9	-0.6	-0.7	-0.7	-0.8

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	2.7	0.8	0.7	0.8	0.6
Financial Assets-Fair Value,Current	0.2	0.2	-	-	0.0
Notes Receivable	9.3	6.1	4.8	4.3	4.9
Accounts Receivable, Gross	12.7	13.1	8.6	8.4	7.5
Provision for Doubtful Accounts	-0.3	-0.3	-0.5	-0.4	-0.5
Provision for Sales Discount	0.0	0.0	0.0	0.0	-0.1
Other Receivables	0.9	0.5	0.6	0.7	0.6
Merchandise	0.0	0.0	0.0	0.0	0.0
Raw Material	5.7	5.3	3.0	2.1	2.9
Supplies	0.7	0.9	0.7	0.7	0.6
Work-in-Process	0.4	0.4	0.3	0.1	0.1
Finished Goods	17.1	12.7	16.3	14.8	11.3
Provision/Allowance for Inventory	-1.1	-0.6	-0.9	-0.7	-0.7
Prepayment	1.2	1.3	0.8	0.8	2.0
Deferred Income Tax Assets - Current	0.2	0.1	0.5	0.4	0.1
Restricted Assets	1.7	1.7	2.1	1.3	0.8
Other Current Assets	0.1	0.1	0.1	0.2	0.1
Total Current Assets	51.2	42.2	37.1	33.4	30.2
Land and Improvements	5.0	5.1	4.8	4.6	4.7
Buildings and Structures	18.0	18.1	16.9	16.4	16.6
Machinery and Equipment	106.3	105.8	100.1	98.1	99.2
Transportation Equipment	0.2	0.2	0.2	0.2	0.2
Office Equipment	0.7	0.7	0.7	0.6	0.6
Leasehold Improvement	0.6	0.6	0.5	0.5	0.5
Miscellaneous Equipment	13.9	13.6	12.7	12.1	12.1
Revaluation Increments	2.5	2.6	2.5	2.4	2.4
Accumulated Depreciation	-118.5	-118.7	-111.4	-108.2	-108.7
Provision for Impairment of Fixed Assets	-0.3	-0.3	-0.3	-0.3	-0.3
Prepayment for Equipment	4.4	4.6	3.1	1.4	1.0
Deferred Pension Cost	0.1	0.1	-	-	0.0
Assets for Lease	5.9	5.9	5.5	5.4	5.5
Provision for Revaluation Loss	-2.8	-2.8	-2.6	-2.5	-2.6
Accumulated Depreciation-Asset for Lease	-0.4	-0.4	-0.4	-0.3	-0.3
Security Deposits Paid	1.4	2.3	3.0	1.6	0.1
Deferred Charges	0.4	0.2	0.2	0.2	0.2
Overdue Receivables	-	-	0.0	-	0.0
Deferred Income Tax Assets - Non Current	1.0	1.0	0.5	0.5	0.0
Other Long Term Assets	0.1	0.1	0.2	0.2	2.3
Total Assets	89.6	80.7	73.3	66.3	63.7
Short Term Borrowings	3.0	0.0	2.3	2.6	2.8
Short Term Notes & Bills Payable	4.2	0.9	4.8	4.6	4.7
Financial Liabilities for Trading	-	-	0.0	0.0	-
Notes Payable	3.5	3.1	2.6	2.9	3.6
Accounts Payable	11.7	14.0	16.0	13.5	11.7
Income Tax Payable	2.3	1.2	0.4	0.1	0.0
Accrued Expenses	3.9	3.6	3.7	2.8	2.8
Due to Related Parties	0.1	0.1	0.0	0.0	0.0
Other Payables	2.2	2.2	2.2	0.8	1.0
Advance Receipts	2.6	3.3	3.3	3.2	1.8
Current Portion of Long Term Debt	1.1	0.7	2.5	2.3	1.9
Other Current Liabilities	0.1	0.1	0.1	0.1	0.1
Total Current Liabilities	34.8	29.2	38.0	33.1	30.6
Long Term Borrowings	4.2	5.5	9.7	9.9	11.9
Total Long Term Debt	4.2	5.5	9.7	9.9	11.9
Accrued Pension Liabilities	1.1	1.0	0.5	0.5	0.6
Long Term Security Deposits Received	0.1	0.1	0.1	0.1	0.1
Other Long Term Liabilities	0.2	0.2	0.3	0.3	0.4
Total Liabilities	40.3	36.1	48.6	43.9	43.6
Common Stock	31.1	31.4	22.9	22.3	22.5
Cap.Surplus, Additional Paid in Capital	7.1	7.2	-	-	0.0
Employee Stock Option	0.9	0.9	-	-	0.0
Retained Earnings	8.1	3.1	-0.7	-2.4	-4.8
Net Loss Not Recognized as Pension Cost	-0.5	-0.5	-	-	-
Unrealized Revaluation Increment	2.5	2.6	2.5	2.4	2.4
Treasury Stock	0.0	0.0	0.0	0.0	0.0
Total Equity	49.4	44.6	24.7	22.3	20.1
Total Liabilities & Shareholders' Equity	89.6	80.7	73.3	66.3	63.7
S/O-Ordinary Stock	95.2	95.2	78.5	78.5	78.5
Total Common Shares Outstanding	95.2	95.2	78.5	78.5	78.5
T/S-Ordinary Stock	0.1	0.1	0.1	0.1	0.1
Deferred Revenue, Current	-	3.3	3.3	3.2	1.8
Full-Time Employees	-	469	434	430	429
Long Term Debts Due in 1 Year	-	-	2.5	2.3	1.9
Long Term Debts Due in 2 Years	-	-	0.7	1.4	2.9
Long Term Debts Due in 3 Years	-	-	2.6	2.4	2.2
Long Term Debts Due after 3 Years	-	-	-	6.1	6.8
Long Term Debts Due after 4 Years	-	-	6.4	-	-
Total Long Term Debt, Supplemental	-	-	12.1	12.2	13.7
Operating Lease due in 1 year	-	-	0.0	0.0	0.0
Operating Lease due in 2 years	-	-	0.0	0.0	0.0
Operating Lease due in 3 years	-	-	0.0	0.0	0.0
Operating Lease due in 4 years	-	-	0.0	0.0	0.0
Operating Lease due after 5 years	-	-	0.0	0.0	0.0
Total Operating Leases, Supplemental	-	-	0.0	0.0	0.1
Deferred Pension Cost	-	0.1	-	-	-
Accrued Pension Liabilities	-	-1.0	-0.5	-0.5	-0.6
Net Assets Recognized on Balance Sheet	-	-0.9	-0.5	-0.5	-0.6

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	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 (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.	EnWise CPAs & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified with Explanation
Net Income	9.0	1.8	-5.5	2.3	2.8
Depreciation	3.3	3.2	3.3	4.7	5.7
Deferred Charges	0.1	0.1	0.0	0.0	0.0
Pension Costs	-0.2	-0.1	0.0	-0.1	0.0
Sales Return & Discounts	-0.1	-	-	-	-
Bad Debts Loss	0.0	0.0	0.3	0.0	0.1
Gain/Loss on Disposal of Assets	0.1	-0.1	0.0	0.0	0.0
Other Income	-0.2	-1.1	0.0	0.0	-0.1
Gain/Loss on Physical Inventories	0.0	0.0	0.0	0.0	0.0
Net Loss on Disposal of Prop&Idle Asset	-	0.0	0.2	0.0	0.0
Equity Investment Gain/Loss	-	-	0.0	0.0	0.0
Other Loss	0.1	0.0	1.4	0.2	0.2
Inventory Devaluation & Obsolescence	-0.2	-1.8	1.0	0.3	0.4
Impairment Loss on Assets	2.4	1.1	1.7	0.6	0.2
Effect of Foreign Exchange	-	-	-	-	0.0
Employee Stock Option Costs	0.9	-	-	-	-
Notes Receivable	-0.3	-2.1	2.7	0.5	-3.3
Accounts Receivable	-7.4	0.5	0.0	-1.0	0.4
Other Receivables	0.1	-0.4	0.4	0.2	-0.2
Inventories	-3.2	-0.4	4.8	-3.4	-0.6
Prepayment	0.4	-0.8	0.2	0.2	-0.2
Deferred Tax Assets	-0.9	0.3	-0.1	0.0	-0.1
Notes Payable	0.4	-0.2	-0.8	-1.0	0.8
Other Payables	0.1	0.0	-	-	-
Accounts Payable	1.7	6.5	-7.4	7.8	-0.5
Tax Payable	1.1	0.0	-	0.0	0.0
Accrued Expenses	0.7	0.6	-0.2	-0.1	0.0
Advance Receipts	2.1	0.1	0.3	0.1	-0.6
Other Current Assets	0.2	-	-	-	-
Other Current Liabilities	0.0	-	-	-	-
Cash from Operating Activities	10.1	7.2	2.1	11.3	5.3
Financial Assets, Fair Value	-0.2	-	-	-	-
Restricted Assets	-1.2	0.3	0.4	-0.7	-0.3
Other Current Assets	0.0	-0.3	0.1	-0.1	0.0
Capital Expenditure	-3.7	-5.8	-1.9	-3.2	-1.6
Disposal of Fixed Assets	0.1	0.1	0.2	0.0	0.0
Sale of Idle Assets	-	-	-	-	0.0
Deferred Charges	-0.2	0.0	0.0	0.0	0.0
Security Deposit Paid	-	-	0.0	-0.1	0.0
Other Assets	-2.0	0.3	-0.2	0.0	0.1
Cash from Investing Activities	-7.2	-5.3	-1.5	-4.1	-1.8
Short Term Borrowings	-	-	4.2	-	-
Repayment of ST Borrowings	-3.1	-7.2	-	-4.6	-2.5
Short Term Notes Increase	0.8	-	-	-	0.9
ST Notes Decrease	-	0.0	-2.2	0.0	-
Repayment of LT Borrowings	-12.9	-	-2.8	-2.8	-1.6
Repayment of LT Notes Payable	-	-	-	0.0	0.0
Long Term Borrowings	-	5.5	-	-	-
Other Current Liabilities	0.0	0.0	-0.2	0.0	0.0
Other Liabilities Decrease	-0.3	-0.2	0.0	0.0	0.0
Accounts Payable, Related Parties	0.0	0.0	0.1	-0.1	-0.1
Treasury Share Repurchase	-	-	-	-	0.0
Cash Capital	13.0	-	-	-	-
Cash from Financing Activities	-2.4	-1.9	-0.9	-7.4	-3.2
Net Change in Cash	0.6	0.1	-0.2	-0.3	0.2
Net Cash - Beginning Balance	0.2	0.1	0.4	0.6	0.4
Net Cash - Ending Balance	0.8	0.2	0.1	0.4	0.6
Cash Interest Paid	0.8	0.7	1.0	1.1	1.2
Cash Taxes Paid	0.0	0.0	0.0	0.0	0.0

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	5.1	9.0	5.5	3.7	1.3
Depreciation	0.9	3.3	2.5	1.7	0.8
Amortization	0.0	0.1	0.0	0.0	0.0
Pension Costs	0.0	-0.2	0.0	-0.1	0.0
Bad Debts Loss	0.0	0.0	0.0	-	0.0
Gain/Loss on Disposal of Properties	-	0.1	0.0	0.0	-
Other Income	0.0	-0.2	-0.1	-0.1	-0.1
Sales Return & Discount	-	-0.1	-0.1	-	-
Inventory Devaluation & Obsolescence	0.5	-0.2	0.2	0.0	-0.1
Gain/Loss on Physical Inventories	-	0.0	0.0	0.0	-
Other Loss	0.0	0.1	0.0	0.0	0.0
Impairment Loss on Assets	0.0	2.4	2.3	2.3	0.3
Employee Stock Option Costs	-	0.9	-	-	-
Notes Receivable	-3.2	-0.3	0.6	1.0	0.4
Accounts Receivable	0.3	-7.4	-3.6	-3.7	-2.6
Other Receivables	-0.4	0.1	-0.1	-0.2	-0.1
Inventories	-4.7	-3.2	-5.4	-3.4	-0.4
Prepayment	0.0	0.4	0.7	0.7	-0.3
Deferred Tax Assets	-0.1	-0.9	-0.9	-0.8	0.0
Financial Liablity-Fair Value, Current	-	-	-	0.0	-
Notes Payable	0.4	0.4	0.1	0.4	1.2
Accounts Payable	-2.2	1.7	4.6	2.5	0.6
Accounts Payable,Related Parties	0.0	-	0.0	0.0	0.0
Other Payables	-	0.1	0.0	0.0	0.0
Tax Payable	1.1	1.1	0.4	0.1	-
Accrued Expenses	0.3	0.7	1.0	0.3	0.2
Advance Receipts	-0.7	2.1	2.3	2.2	0.8
Other Current Assets	0.0	0.2	0.3	0.1	0.1
Other Current Liabilities	0.0	0.0	0.0	0.0	0.0
Cash from Operating Activities	-2.6	10.1	10.3	6.8	2.1
Financial Assets, Fair Value	0.0	-0.2	-	-	-
Restricted Assets	0.0	-1.2	-1.8	-1.0	-0.5
Other Current Assets	-	0.0	0.0	0.0	0.0
Capital Expenditure	-1.8	-3.7	-2.3	-1.6	-0.9
Disposal of Fixed Assets	-	0.1	0.1	0.0	-
Deferred Charges	-0.2	-0.2	-0.1	-0.1	-0.1
Other Assets	0.9	-2.0	-2.8	-1.5	0.0
Cash from Investing Activities	-1.1	-7.2	-6.9	-4.2	-1.4
ST Borrowings, net	3.1	-3.1	-0.9	-0.5	-0.2
Short Term Notes Increase	3.3	0.8	4.7	4.7	4.7
Accounts Payable, Related Parties	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	-	0.0	0.0	0.0	0.0
Dec. of LT Borrowings	-0.8	-12.9	-6.5	-6.0	-4.7
Other Liabilities Decrease	-0.1	-0.3	-0.2	-0.1	-0.1
Cash Capital	-	13.0	-	-	-
Cash from Financing Activities	5.5	-2.4	-2.8	-2.0	-0.3
Foreign Exchange Effects	-	-	0.0	-	-
Net Change in Cash	1.8	0.6	0.5	0.6	0.3
Net Cash - Beginning Balance	0.8	0.2	0.2	0.2	0.2
Net Cash - Ending Balance	2.7	0.8	0.7	0.8	0.6
Cash Interest Paid	0.1	0.8	0.6	0.4	0.2
Cash Taxes Paid	0.0	0.0	0.0	0.0	0.0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.90
UK Pound	1	Rs.80.30
Euro	1	Rs.68.48

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.