MIRA INFORM REPORT

Report Date :

02.09.2011

IDENTIFICATION DETAILS

Name :	LEALEA ENTERPRISE CO. LTD.
Registered Office :	11th Floor NO.162, Sung Chiang Road Taipei
Country :	Taiwan
Financials (as on) :	31.12.2010
Date of Incorporation :	15.01.1979
Legal Form :	Public Independent
Line of Business :	Natural Textile Manufacturing

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

Lealea Enterprise Co. Ltd.

11th Floor
NO.162, Sung Chiang Road
Taipei,
Taiwan
Tel:	886-2-21002888
Fax:	886-2-21001289
www.lealea.com.tw

Employees:

1,011

Company Type:

Public Independent

Traded:

Taiwan Stock Exchange:

1444

Incorporation Date:

15-Jan-1979

Auditor:

Deloitte & Touche LLP

Financials in:	USD (mil)
Fiscal Year End:	31-Dec-2010
Reporting Currency:	Taiwanese New Dollar
Annual Sales:	320.1 ^1
Net Income:	51.1
Total Assets:	568.0 ^2
Market Value:	405.9
	(19-Aug-2011)

Business Description

Lealea Enterprise Co Ltd is principally engaged in the manufacture and distribution of polyester materials. The Company provides polyester filaments, polyester chips and polyester textured yarns, which are applied in manufacture of knitted fabrics, garment fabrics, household decoration clothing and industrial clothing, among others. It offers its products under the brand named LIBOLON. The Company also involves in construction services. During the year ended December 31, 2010, the Company obtained approximately 78.68% of its total revenue from polyester textured yarns. It distributes its products principally in Taiwan, other Asian markets and Europe. For the nine months ended 30 September 2010, Lealea Enterprise Co. Ltd.'s total revenue increased 39% to NT$7.29B. The Company's net income totaled NT$1.07B, up from NT$270.2M. Total revenues reflect higher sales of the Company's products due to strong market demand. Net income for the period also benefited from higher gain on valuation of financial assets, higher gain on disposal of investment, as well as lower interest expense.

Industry

Industry	Textiles - Non Apparel
ANZSIC 2006:	1312 - Natural Textile Manufacturing
NACE 2002:	1721 - Cotton-type weaving
NAICS 2002:	313111 - Yarn Spinning Mills
UK SIC 2003:	1721 - Cotton-type weaving
US SIC 1987:	2211 - Broadwoven Fabric Mills, Cotton

Key Executives

Name	Title
Meiyan Huang	Head of Accounting
Yongchuan Gao	Deputy General Manager
Sho-Yi Kuo	Chairman & President
Cheng-Hsing Ko	Manager-Finance & Accounting
Victor Hung	Manager-Sales & Marketing

Significant Developments

Topic	#*	Most Recent Headline	Date
Dividends	2	Lealea Enterprise Co. Ltd. Announces FY 2010 Dividend Payment Date	15-Jul-2011

* number of significant developments within the last 12 months

Financial Summary

As of 31-Mar-2011

Key Ratios	Company	Industry
Current Ratio (MRQ)	1.54	2.22
Quick Ratio (MRQ)	0.54	1.09
Debt to Equity (MRQ)	0.27	1.83
Sales 5 Year Growth	6.43	-1.82
Net Profit Margin (TTM) %	19.44	1.34
Return on Assets (TTM) %	14.46	1.80
Return on Equity (TTM) %	20.86	6.70

Stock Snapshot

Traded: Taiwan Stock Exchange: 1444

As of 19-Aug-2011

   Financials in: TWD

Recent Price	13.30	EPS	1.86
52 Week High	17.17	Price/Sales	1.17
52 Week Low	12.04	Dividend Rate	0.44
Avg. Volume (mil)	4.90	Price/Earnings	5.88
Market Value (mil)	11,772.66	Price/Book	1.11
		Beta	1.09

	Price % Change	Rel S&P 500%
4 Week	-10.28%	7.10%
13 Week	-9.46%	8.97%
52 Week	2.94%	11.15%
Year to Date	-15.57%	3.16%

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
11th Floor
NO.162, Sung Chiang Road
Taipei, Taiwan

Tel:	886-2-21002888
Fax:	886-2-21001289

www.lealea.com.tw

Quote Symbol - Exchange
1444 - Taiwan Stock Exchange
Sales TWD(mil):	10,081.9
Assets TWD(mil):	16,561.3
Employees:	1,011
Fiscal Year End:	31-Dec-2010

Industry:	Textiles - Non Apparel

Incorporation Date:	15-Jan-1979
Company Type:	Public Independent
Quoted Status:	Quoted

Chairman of the Board, General Manager:	Shaoyi Guo

Company Web Links

Company Contact/E-mail

Home Page

Contents · Industry Codes · Business Description · Financial Data · Market Data

Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
1312	-	Natural Textile Manufacturing
3019	-	Other Residential Building Construction

NACE 2002 Codes:
1721	-	Cotton-type weaving
4521	-	General construction of buildings and civil engineering works

NAICS 2002 Codes:
236116	-	New Multifamily Housing Construction (except Operative Builders)
313111	-	Yarn Spinning Mills

US SIC 1987:
1522	-	General Contractors-Residential Buildings, Other Than Single-Family
2211	-	Broadwoven Fabric Mills, Cotton

UK SIC 2003:
1721	-	Cotton-type weaving
45212	-	Construction of domestic buildings

Business Description

Lealea Enterprise Co Ltd is principally engaged in the manufacture and distribution of polyester materials. The Company provides polyester filaments, polyester chips and polyester textured yarns, which are applied in manufacture of knitted fabrics, garment fabrics, household decoration clothing and industrial clothing, among others. It offers its products under the brand named LIBOLON. The Company also involves in construction services. During the year ended December 31, 2010, the Company obtained approximately 78.68% of its total revenue from polyester textured yarns. It distributes its products principally in Taiwan, other Asian markets and Europe. For the nine months ended 30 September 2010, Lealea Enterprise Co. Ltd.'s total revenue increased 39% to NT$7.29B. The Company's net income totaled NT$1.07B, up from NT$270.2M. Total revenues reflect higher sales of the Company's products due to strong market demand. Net income for the period also benefited from higher gain on valuation of financial assets, higher gain on disposal of investment, as well as lower interest expense.

More Business Descriptions

Manufacture of polyester and nylon filaments and yarn

Artificial and Synthetic Fibers and Filaments Manufacturing

Financial Data

Financials in:	TWD(mil)
Revenue:	10,081.9
Net Income:	1,608.8
Assets:	16,561.3
Long Term Debt:	105.5
Total Liabilities:	6,209.2
Working Capital:	0.8
Date of Financial Data:	31-Dec-2010

1 Year Growth

32.7%

134.2%

29.3%

Market Data

Quote Symbol:	1444
Exchange:	Taiwan Stock Exchange
Currency:	TWD
Stock Price:	13.3
Stock Price Date:	08-19-2011
52 Week Price Change %:	2.9
Market Value (mil):	11,772,660.0
SEDOL:	6508939
ISIN:	TW0001444008
Equity and Dept Distribution:
FY'02, 03 are reclassed. 07/2008, 5% stock dividend. FY'07 I/S & B/S; FY'08 Q1 & Q2 & Q3 I/S,; FY'08 Q3 C/F were being CLA. FY'08 Q1& Q2 & Q3 B/S was being restated due to resatement. 07/2010, Scrip Issue, 20.075207 new shares for every 1000 shares held. 08/2011, 13% Stock Dividend.

Key Corporate Relationships

Auditor:	Deloitte & Touche LLP
Auditor:	Deloitte & Touche LLP, Deloitte & Touche

Executives Report

Board of Directors

Name	Title	Function
Shaoyi Guo	Chairman of the Board, General Manager	Chairman
Guo Shaoyi has been Chairman of the Board and General Manager in Lealea Enterprise Co., Ltd. since May 9, 1998. Guo also serves as Chairman of the Board in Li Peng Enterprise.
Musheng Guo	Director	Director/Board Member
Guo Musheng has been Director in Lealea Enterprise Co., Ltd. since December 8, 1978. Guo also serves as Director in Li Peng Enterprise.
Yaoqin Hong	Director	Director/Board Member
Zongqi Hong	Director	Director/Board Member
Hong Zongqi has been Director in Lealea Enterprise Co., Ltd. since June 15, 2007. Hong is also Director in a construction company.
Tsong Chi Hong	Director	Director/Board Member
Nen-Tsu Hung	Director	Director/Board Member
Mu-Shen Kuo	Director	Director/Board Member
Haoxuan Yang	Director	Director/Board Member

Executives

Name	Title	Function
Sho-Yi Kuo	Chairman & President	President
Ming-Lang Chan	Vice General Manager-Operations	Division Head Executive
Shaoyi Guo	Chairman of the Board, General Manager	Division Head Executive
Guo Shaoyi has been Chairman of the Board and General Manager in Lealea Enterprise Co., Ltd. since May 9, 1998. Guo also serves as Chairman of the Board in Li Peng Enterprise.
Jui-Chih Chang	Manager-Operations	Operations Executive
Sheng-Hsing Hung	Vice President-Administration	Administration Executive
Cheng-Hsing Ko	Manager-Finance & Accounting	Finance Executive
Meiyan Huang	Head of Accounting	Accounting Executive
Yaqian Jian	Head of Accounting	Accounting Executive
Chin-Fu Lee	Manager-Human Resources	Human Resources Executive
Victor Hung	Manager-Sales & Marketing	Sales Executive
Tshi-Nan Yeh	Manager-Communications	Corporate Communications Executive
Yong-Chuan Kao	Manager-Planning	Planning Executive
Wen-Cong Lin	Legal Counsel	Legal Executive
Chun-Jing Chang	Manager-Business	Other
Yongchuan Gao	Deputy General Manager	Other
Gao Yongchuan has been Deputy General Manager in Lealea Enterprise Co., Ltd. since September 1, 2009. Gao holds a Master's degree.
Minglang Zhan	Deputy General Manager	Other

Significant Developments

Lealea Enterprise Co. Ltd. Announces FY 2010 Dividend Payment Date

Jul 15, 2011

Lealea Enterprise Co. Ltd. announced that it will pay a cash dividend of NTD 0.5 per share, and distribute as stock dividends worth NTD 1.3 per share, to shareholders of record on August 8, 2011. The Company's shares will be traded ex-dividend and ex-right on August 2, 2011.

Lealea Enterprise Co. Ltd. Announces FY 2010 Dividend Payment

Apr 25, 2011

Lealea Enterprise Co. Ltd. announced that it will pay a cash dividend of NTD 0.5 per share, and distribute 130 new shares for every 1,000 shares as stock dividends worth NTD 1.3 per share, to shareholders for fiscal year 2010.

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	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Sales	320.1	230.1	243.0	862.7	705.9
Revenue	320.1	230.1	243.0	862.7	705.9
Total Revenue	320.1	230.1	243.0	862.7	705.9
Cost of Revenue	271.0	204.0	226.6	807.2	663.8
Cost of Revenue, Total	271.0	204.0	226.6	807.2	663.8
Gross Profit	49.1	26.0	16.4	55.5	42.1
Selling/General/Administrative Expense	15.8	12.8	13.0	29.8	28.8
Total Selling/General/Administrative Expenses	15.8	12.8	13.0	29.8	28.8
Research & Development	2.0	2.0	1.8	2.6	2.9
Other, Net	-0.1	0.0	0.0	0.0	-
Other Operating Expenses, Total	-0.1	0.0	0.0	0.0	-
Total Operating Expense	288.7	218.8	241.3	839.6	695.5
Operating Income	31.4	11.2	1.6	23.1	10.4
Interest Expense - Non-Operating	-0.2	-0.4	-0.9	-6.5	-5.1
Interest Expense, Net Non-Operating	-0.2	-0.4	-0.9	-6.5	-5.1
Interest Income - Non-Operating	0.1	0.2	0.4	0.3	0.2
Investment Income - Non-Operating	25.5	9.1	-12.1	2.9	6.4
Interest/Investment Income - Non-Operating	25.6	9.3	-11.8	3.2	6.6
Interest Income (Expense) - Net Non-Operating Total	25.4	8.9	-12.6	-3.3	1.5
Gain (Loss) on Sale of Assets	0.1	0.0	0.1	2.6	3.9
Other Non-Operating Income (Expense)	1.9	1.8	-0.5	-5.4	-4.6
Other, Net	1.9	1.8	-0.5	-5.4	-4.6
Income Before Tax	58.8	22.0	-11.5	17.0	11.2
Total Income Tax	2.2	0.1	0.1	0.1	1.1
Income After Tax	56.6	21.9	-11.6	16.8	10.1
Minority Interest	-5.5	-1.1	2.5	-4.6	-11.0
Net Income Before Extraord Items	51.1	20.8	-9.1	12.2	-0.9
Accounting Change	-	-	-	-	0.7
Total Extraord Items	-	-	-	-	0.7
Net Income	51.1	20.8	-9.1	12.2	-0.2
Income Available to Common Excl Extraord Items	51.1	20.8	-9.1	12.2	-0.9
Income Available to Common Incl Extraord Items	51.1	20.8	-9.1	12.2	-0.2
Basic/Primary Weighted Average Shares	861.8	856.4	860.0	816.3	830.7
Basic EPS Excl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Basic/Primary EPS Incl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Dilution Adjustment	0.0	0.0	0.0	-	0.0
Diluted Net Income	51.1	20.8	-9.1	12.2	-0.2
Diluted Weighted Average Shares	863.8	858.0	860.0	816.3	830.7
Diluted EPS Excl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Diluted EPS Incl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Dividends per Share - Common Stock Primary Issue	0.01	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	12.4	18.6	0.0	0.0	0.0
Interest Expense, Supplemental	0.2	0.4	0.9	6.5	5.1
Interest Capitalized, Supplemental	-0.7	-1.2	-3.2	-2.9	-1.7
Depreciation, Supplemental	9.9	10.3	13.1	40.1	42.3
Total Special Items	-0.1	0.0	-0.1	-2.6	-3.9
Normalized Income Before Tax	58.7	22.0	-11.5	14.3	7.3
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	-0.4
Inc Tax Ex Impact of Sp Items	2.2	0.1	0.1	0.1	0.7
Normalized Income After Tax	56.5	21.9	-11.6	14.2	6.6
Normalized Inc. Avail to Com.	51.0	20.8	-9.1	9.6	-4.4
Basic Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Diluted Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Amort of Intangibles, Supplemental	1.5	1.0	1.4	3.2	3.0
Rental Expenses	-	-	-	-	0.7
Research & Development Exp, Supplemental	2.0	2.0	1.8	2.6	2.9
Normalized EBIT	31.4	11.2	1.6	23.1	10.4
Normalized EBITDA	42.9	22.6	16.2	66.4	55.7
Current Tax - Total	3.8	0.8	-0.8	3.0	4.5
Current Tax - Total	3.8	0.8	-0.8	3.0	4.5
Deferred Tax - Total	-1.9	-1.6	1.4	-0.4	-0.2
Deferred Tax - Total	-1.9	-1.6	1.4	-0.4	-0.2
Other Tax	0.3	0.8	-0.5	-2.4	-3.2
Income Tax - Total	2.2	0.1	0.1	0.1	1.1
Interest Cost - Domestic	0.2	0.2	0.2	0.2	0.4
Service Cost - Domestic	0.3	0.3	0.4	0.3	0.6
Expected Return on Assets - Domestic	0.0	0.0	0.0	0.0	0.0
Transition Costs - Domestic	0.2	0.2	0.2	0.1	0.1
Domestic Pension Plan Expense	0.7	0.6	0.8	0.5	1.1
Defined Contribution Expense - Domestic	0.5	0.4	0.4	-	-
Total Pension Expense	1.2	1.0	1.2	0.5	1.1
Discount Rate - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Expected Rate of Return - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Compensation Rate - Domestic	2.50%	2.00%	2.50%	3.00%	2.25%
Total Plan Interest Cost	0.2	0.2	0.2	0.2	0.4
Total Plan Service Cost	0.3	0.3	0.4	0.3	0.6
Total Plan Expected Return	0.0	0.0	0.0	0.0	0.0

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	Reclassified Normal 31-Dec-2009	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Cash & Equivalents	6.5	8.4	4.7	2.8	18.7
Short Term Investments	36.3	8.9	6.1	11.5	31.2
Cash and Short Term Investments	42.8	17.3	10.8	14.3	49.8
Accounts Receivable - Trade, Gross	28.4	16.5	11.6	20.2	76.9
Provision for Doubtful Accounts	-0.8	-0.3	-0.2	-0.2	-1.1
Trade Accounts Receivable - Net	31.9	21.7	14.7	25.1	76.4
Notes Receivable - Short Term	4.5	4.8	3.3	5.5	9.6
Total Receivables, Net	36.4	26.5	18.0	30.6	86.0
Inventories - Finished Goods	31.5	19.5	33.1	22.3	46.2
Inventories - Work In Progress	69.2	54.0	91.1	80.5	78.5
Inventories - Raw Materials	48.2	31.6	27.6	41.6	43.2
Inventories - Other	25.1	13.9	13.3	9.4	4.9
Total Inventory	174.0	119.0	165.0	153.8	172.8
Prepaid Expenses	2.3	0.3	0.4	2.1	24.3
Other Current Assets	-	-	-	0.1	0.2
Other Current Assets, Total	-	-	-	0.1	0.2
Total Current Assets	255.5	163.2	194.2	200.8	333.2
Buildings	66.0	54.6	50.7	51.3	114.0
Land/Improvements	31.5	25.8	25.2	22.1	64.0
Machinery/Equipment	317.6	269.7	258.8	268.8	509.4
Construction in Progress	5.8	3.5	3.9	6.5	30.9
Leases	21.1	22.1	21.5	21.4	7.6
Other Property/Plant/Equipment	0.9	0.8	0.8	0.8	0.8
Property/Plant/Equipment - Gross	442.9	376.6	360.8	370.9	726.6
Accumulated Depreciation	-294.3	-259.1	-243.0	-242.9	-390.5
Property/Plant/Equipment - Net	148.6	117.4	117.8	128.0	336.1
Goodwill, Net	-	-	-	-	5.2
Intangibles, Net	0.7	0.7	0.1	0.6	-
LT Investment - Affiliate Companies	156.6	112.1	77.6	103.8	39.3
LT Investments - Other	0.2	0.9	0.9	1.5	5.1
Long Term Investments	156.8	113.0	78.4	105.2	44.4
Deferred Charges	0.8	0.7	0.7	1.1	4.0
Pension Benefits - Overfunded	0.0	0.1	0.1	0.2	-
Deferred Income Tax - Long Term Asset	4.8	5.0	4.8	4.9	11.8
Other Long Term Assets	0.8	0.5	0.4	0.8	2.2
Other Long Term Assets, Total	6.5	6.2	6.1	7.0	18.0
Total Assets	568.0	400.4	396.5	441.6	736.8
Accounts Payable	33.9	19.5	11.7	12.1	25.2
Notes Payable/Short Term Debt	78.4	49.2	91.2	114.7	148.9
Current Portion - Long Term Debt/Capital Leases	19.1	0.6	2.2	14.3	53.4
Customer Advances	23.9	16.5	25.5	15.3	9.8
Income Taxes Payable	1.8	0.1	0.1	0.7	2.0
Other Payables	18.2	9.0	6.2	6.8	11.6
Other Current Liabilities	2.6	2.0	1.4	2.2	12.4
Other Current liabilities, Total	46.5	27.6	33.1	24.9	35.8
Total Current Liabilities	177.9	96.9	138.3	166.0	263.4
Long Term Debt	3.6	21.5	29.2	15.7	102.6
Total Long Term Debt	3.6	21.5	29.2	15.7	102.6
Total Debt	101.2	71.3	122.6	144.7	304.9
Minority Interest	23.7	11.3	9.2	15.1	139.1
Reserves	0.2	0.2	0.2	0.2	0.2
Pension Benefits - Underfunded	7.5	6.1	4.8	5.1	9.4
Other Long Term Liabilities	0.1	0.1	0.0	0.1	0.2
Other Liabilities, Total	7.7	6.4	5.0	5.3	9.7
Total Liabilities	213.0	136.1	181.6	202.1	514.8
Common Stock	268.7	240.1	234.0	225.5	224.5
Common Stock	268.7	240.1	234.0	225.5	224.5
Additional Paid-In Capital	7.5	6.7	6.8	64.2	63.5
Retained Earnings (Accumulated Deficit)	66.2	29.2	7.6	-29.4	-41.5
Treasury Stock - Common	-2.0	-4.5	-5.0	-3.7	-15.3
Unrealized Gain (Loss)	16.8	-5.7	-28.2	-16.9	-9.1
Translation Adjustment	-0.1	0.0	0.0	0.0	0.0
Minimum Pension Liability Adjustment	-2.1	-1.4	-0.3	-0.3	0.0
Other Equity, Total	-2.1	-1.4	-0.3	-0.3	0.0
Total Equity	355.1	264.3	214.9	239.5	222.0
Total Liabilities & Shareholders’ Equity	568.0	400.4	396.5	441.6	736.8
Shares Outstanding - Common Stock Primary Issue	866.8	836.4	832.9	841.8	732.8
Total Common Shares Outstanding	866.8	836.4	832.9	841.8	732.8
Treasury Shares - Common Stock Primary Issue	18.3	48.8	52.4	43.4	152.4
Employees	994	934	900	957	2,219
Number of Common Shareholders	53,016	43,442	43,618	43,041	42,318
Deferred Revenue - Current	23.9	16.5	25.5	15.3	9.8
Pension Obligation - Domestic	10.0	8.3	6.8	7.8	12.2
Plan Assets - Domestic	0.1	0.2	0.0	0.4	1.0
Funded Status - Domestic	-9.9	-8.1	-6.8	-7.4	-11.2
Accumulated Obligation - Domestic	7.6	6.3	4.8	5.5	8.8
Total Funded Status	-9.9	-8.1	-6.8	-7.4	-11.2
Discount Rate - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Expected Rate of Return - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Compensation Rate - Domestic	2.50%	2.00%	2.50%	3.00%	2.25%
Prepaid Benefits - Domestic	0.0	0.1	0.1	0.2	-
Accrued Liabilities - Domestic	-7.5	-6.1	-4.8	-5.1	-9.4
Net Assets Recognized on Balance Sheet	-7.5	-6.1	-4.6	-4.9	-9.4
Total Plan Obligations	10.0	8.3	6.8	7.8	12.2
Total Plan Assets	0.1	0.2	0.0	0.4	1.0

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	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Income/Starting Line	56.6	21.9	-11.6	16.8	10.8
Depreciation	10.3	10.7	13.6	40.5	42.5
Depreciation/Depletion	10.3	10.7	13.6	40.5	42.5
Amortization of Intangibles	1.5	1.0	1.4	3.2	3.0
Amortization	1.5	1.0	1.4	3.2	3.0
Deferred Taxes	0.6	0.0	0.0	-0.1	-0.8
Accounting Change	-	-	-	0.0	-0.7
Unusual Items	0.2	0.0	-0.1	0.1	1.0
Equity in Net Earnings (Loss)	-12.6	-8.5	14.8	-0.7	-5.7
Other Non-Cash Items	-9.1	-0.6	3.8	3.4	-2.3
Non-Cash Items	-21.5	-9.2	18.6	2.9	-7.6
Accounts Receivable	-6.8	-7.8	9.6	-20.1	-4.0
Inventories	-40.2	48.7	-19.5	-44.7	-38.3
Prepaid Expenses	-1.7	0.0	1.8	4.7	-4.5
Other Assets	-14.9	-1.9	5.4	6.6	-9.2
Accounts Payable	15.6	12.3	-2.7	1.7	-9.5
Taxes Payable	1.6	0.0	-0.6	-1.2	1.9
Other Liabilities	5.6	-8.6	11.0	3.5	15.6
Changes in Working Capital	-40.9	42.8	4.9	-49.5	-47.9
Cash from Operating Activities	6.7	67.4	26.9	13.8	0.1
Purchase of Fixed Assets	-24.8	-7.4	-5.9	-42.6	-36.7
Capital Expenditures	-24.8	-7.4	-5.9	-42.6	-36.7
Sale of Fixed Assets	0.1	0.0	0.1	0.0	13.3
Sale/Maturity of Investment	0.7	0.2	0.0	0.0	0.1
Investment, Net	0.0	0.1	0.4	0.1	20.7
Purchase of Investments	-0.7	-0.6	-0.5	-1.3	-
Other Investing Cash Flow	-1.6	-0.8	0.1	-2.3	-7.4
Other Investing Cash Flow Items, Total	-1.5	-1.0	0.1	-3.4	26.6
Cash from Investing Activities	-26.3	-8.4	-5.8	-46.0	-10.0
Other Financing Cash Flow	1.3	0.5	-0.6	3.7	0.0
Financing Cash Flow Items	1.3	0.5	-0.6	3.7	0.0
Cash Dividends Paid - Common	-19.5	-	-	-	-
Total Cash Dividends Paid	-19.5	-	-	-	-
Sale/Issuance of Common	14.1	-	-	0.7	-
Repurchase/Retirement of Common	-	-	-	-	-0.6
Common Stock, Net	14.1	-	-	0.7	-0.6
Issuance (Retirement) of Stock, Net	14.1	-	-	0.7	-0.6
Short Term Debt Issued	11.5	-	-	43.1	-
Short Term Debt, Net	22.5	-6.9	-3.1	48.1	-13.8
Long Term Debt Reduction	-	-39.4	-16.0	-	-3.0
Long Term Debt, Net	-1.4	-49.2	-14.2	-27.2	27.8
Issuance (Retirement) of Debt, Net	21.1	-56.1	-17.3	20.9	14.0
Cash from Financing Activities	17.0	-55.5	-17.9	25.3	13.3
Foreign Exchange Effects	-	-	-	0.0	0.0
Net Change in Cash	-2.5	3.4	3.2	-6.8	3.3
Net Cash - Beginning Balance	8.5	4.7	1.7	9.6	15.4
Net Cash - Ending Balance	6.0	8.1	4.9	2.8	18.7
Cash Interest Paid	0.3	0.6	0.9	6.6	4.9
Cash Taxes Paid	0.0	0.0	0.6	1.9	0.2

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	Reclassified Normal 31-Dec-2008	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Sales	289.8	187.2	212.0	830.1	705.9
Construction Income	30.3	42.8	31.0	32.6	-
Total Revenue	320.1	230.1	243.0	862.7	705.9
Cost of Sales	252.4	172.4	226.6	779.4	665.6
Cost of Construction	18.5	31.6	-	28.1	-
Gains between Related Parties	-0.1	0.0	0.0	0.0	-
Prov./Reversal of Inventory Devaluation	-	-	-	-0.1	-1.8
Gain/Loss on Physical Inventory	-	-	-	-0.2	-
Selling Expenses	11.1	8.6	9.3	21.2	19.9
General and Administrative Expenses	4.7	4.2	3.7	8.7	8.9
Research and Development Expenses	2.0	2.0	1.8	2.6	2.9
Total Operating Expense	288.7	218.8	241.3	839.6	695.5
Interest Income	0.1	0.2	0.4	0.3	0.2
Gain/Loss on Equity Investment	12.6	8.5	-14.8	0.7	5.7
Dividend Income	0.1	0.0	0.1	0.3	0.2
Gain on Sale of Fixed Assets	0.1	0.0	0.1	0.0	1.4
Gain on Sale of Investments	4.4	0.0	2.4	4.7	4.9
Gain/loss on Foreign Exchange	-1.1	-0.3	0.2	0.3	0.4
Rent Income	1.3	1.3	1.4	0.9	0.7
Gain on Sale of Scrap & Waste	-	-	-	2.7	2.6
Fin. Asset Revaluation Gain/Loss	9.6	0.8	0.1	-3.1	1.3
Fin. Liabilities Revaluation	-	-	-	0.1	0.2
Miscellaneous Income	1.1	1.1	0.7	1.7	2.5
Interest Expense	-0.2	-0.4	-0.9	-6.5	-5.1
Investment Loss	-	-	-	-0.1	-6.3
Loss on Sale of Fixed Assets	-	-	-	-0.1	-0.1
Miscellaneous Disbursements	-0.5	-0.6	-2.6	-8.1	-7.8
Net Income Before Taxes	58.8	22.0	-11.5	17.0	11.2
Provision for Income Taxes	2.2	0.1	0.1	0.1	1.1
Net Income After Taxes	56.6	21.9	-11.6	16.8	10.1
Minority Interest	-5.5	-1.1	2.5	-4.6	-11.0
Net Income Before Extra. Items	51.1	20.8	-9.1	12.2	-0.9
Accounting Change	-	-	-	-	0.7
Net Income	51.1	20.8	-9.1	12.2	-0.2
Income Available to Com Excl ExtraOrd	51.1	20.8	-9.1	12.2	-0.9
Income Available to Com Incl ExtraOrd	51.1	20.8	-9.1	12.2	-0.2
Basic Weighted Average Shares	861.8	856.4	860.0	816.3	830.7
Basic EPS Excluding ExtraOrdinary Items	0.06	0.02	-0.01	0.01	0.00
Basic EPS Including ExtraOrdinary Items	0.06	0.02	-0.01	0.01	0.00
Dilution Adjustment	0.0	0.0	0.0	-	0.0
Diluted Net Income	51.1	20.8	-9.1	12.2	-0.2
Diluted Weighted Average Shares	863.8	858.0	860.0	816.3	830.7
Diluted EPS Excluding ExtraOrd Items	0.06	0.02	-0.01	0.01	0.00
Diluted EPS Including ExtraOrd Items	0.06	0.02	-0.01	0.01	0.00
DPS-Common Stock	0.01	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	12.4	18.6	0.0	0.0	0.0
Normalized Income Before Taxes	58.7	22.0	-11.5	14.3	7.3
Inc Tax Ex Impact of Sp Items	2.2	0.1	0.1	0.1	0.7
Normalized Income After Taxes	56.5	21.9	-11.6	14.2	6.6
Normalized Inc. Avail to Com.	51.0	20.8	-9.1	9.6	-4.4
Basic Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Diluted Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Interest Expense	0.2	0.4	0.9	6.5	5.1
Capitalized Interest	-0.7	-1.2	-3.2	-2.9	-1.7
R&D Expense	2.0	2.0	1.8	2.6	2.9
Rent Expense	-	-	-	-	0.7
Depreciation - Operating Cost	9.7	10.1	12.8	39.4	41.5
Depreciation - Operating Expense	0.3	0.3	0.3	0.7	0.8
Amortization - Operating Cost	1.4	0.9	1.2	2.3	2.3
Amortization - Operating Expense	0.1	0.1	0.3	0.9	0.8
Current Tax Payable	3.8	0.8	-0.8	3.0	4.5
Current Tax - Total	3.8	0.8	-0.8	3.0	4.5
Deferred Tax	-1.9	-1.6	1.4	-0.4	-0.2
Deferred Tax - Total	-1.9	-1.6	1.4	-0.4	-0.2
Other	0.3	0.8	-0.5	-2.4	-3.2
Income Tax - Total	2.2	0.1	0.1	0.1	1.1
Service Cost	0.3	0.3	0.4	0.3	0.6
Interest Cost	0.2	0.2	0.2	0.2	0.4
Expected Return on Plan Assets	0.0	0.0	0.0	0.0	0.0
Amort. Transitional Benefit Obligation	0.1	0.1	0.1	0.1	-
Amort. of Benefit Obligation	0.2	0.1	0.1	0.0	0.1
Domestic Pension Plan Expense	0.7	0.6	0.8	0.5	1.1
Defined Contribution Expense - Domestic	0.5	0.4	0.4	-	-
Total Pension Expense	1.2	1.0	1.2	0.5	1.1
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.50%	2.00%	2.50%	3.00%	2.25%
Expected Rate of Return on Plan Assets	2.00%	2.00%	2.75%	2.75%	2.75%

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	Reclassified Normal 31-Dec-2009	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Cash and Cash Equivalent	6.5	8.4	4.7	2.8	18.7
Fin. Assets at Fair Value	33.9	6.4	3.6	8.4	22.6
Financial Assets, Hold to Maturity	-	0.0	0.1	0.0	-
Notes Receivable	3.9	4.6	3.3	5.3	9.5
Notes Receivable - Related Parties	0.7	0.2	0.0	0.2	0.1
Accounts Receivable, Gross	28.4	16.5	11.6	20.2	76.9
Provision for Doubtful Accounts	-0.3	-0.2	-0.2	-0.2	-1.1
Prov. forGain/Loss on Foreign Exchange	-0.5	-0.1	0.0	0.0	-
Accounts Receivable - Related Parties	4.3	5.5	3.4	5.1	0.6
Other Current Financial Assets	2.4	2.5	2.4	3.1	8.5
Raw Material	22.0	8.5	5.5	8.6	15.1
Supplies	2.4	1.5	1.6	1.7	3.5
Materials in Transit	0.0	0.2	0.0	-	-
Work-in-Process	1.5	1.1	0.5	1.1	17.0
Semi-Finished Goods	2.5	0.8	0.6	3.0	1.7
Finished Goods	26.7	14.3	19.8	22.2	45.3
Goods in Sale	-	0.0	0.0	0.0	0.1
Provision/Allowance for Inventory	-	-	-	-1.0	-2.7
Land & House, Hold for Sale	-	-	13.3	0.0	-
House & Land, Sold Out	0.0	0.8	-	-	-
Parking Spot for Sale	4.8	4.5	-	-	-
Land under Construction	43.6	39.4	61.0	55.8	54.5
Project in Progress	21.6	12.7	28.9	20.6	5.3
Deferred Selling Expenses	1.2	2.5	3.9	2.7	4.1
Construction Profit	22.7	10.2	8.3	4.6	0.0
Construction Land	23.8	21.4	20.4	31.3	24.6
Prepayment for Construction	1.3	1.1	1.1	1.0	1.6
Goods in Transit	-	-	-	-	0.9
Inventories, Other	-	-	-	2.1	1.8
Prepayment	2.3	0.3	0.4	2.1	24.3
Other Current Assets	-	-	-	0.1	0.2
Total Current Assets	255.5	163.2	194.2	200.8	333.2
Long Term Equity Investment	156.6	112.1	77.6	103.8	39.3
Fin. Assets-Hold to Maturity	-	-	-	0.2	0.5
Fin. Assets at Cost	0.2	0.9	0.9	1.2	4.5
Fin. Assets at Fair Value	-	-	-	0.1	0.0
Land and Improvements	31.5	25.8	25.2	22.1	64.0
Buildings and Structures	66.0	54.6	50.7	51.3	114.0
Machinery and Equipment	267.2	225.0	215.3	221.2	405.4
Transportation Equipment	2.6	2.1	2.0	2.0	3.9
Office Equipment	-	-	-	-	100.1
Miscellaneous Equipment	47.9	42.6	41.5	45.6	-
Assets Revaluation Increment	0.9	0.8	0.8	0.8	0.8
Accumulated Depreciation on Fixed Assets	-291.7	-256.9	-241.2	-241.5	-390.1
Constr. in Prog. & Prep. for Equip.	5.8	3.5	3.9	6.5	30.9
Computer & Software	0.7	0.7	0.1	0.6	-
Goodwill, Net	-	-	-	-	5.2
Deferred Pension Cost	0.0	0.1	0.1	0.2	-
Leased Assets	21.1	22.1	21.5	21.4	7.6
Accumulated Depreciation	-2.6	-2.3	-1.8	-1.4	-0.4
Deferred Charges	0.8	0.7	0.7	1.1	4.0
Deferred Income Tax Assets - Non Current	4.8	5.0	4.8	4.9	11.8
Other Long Term Assets	0.8	0.5	0.4	0.8	2.2
Total Assets	568.0	400.4	396.5	441.6	736.8
Short Term Borrowings	58.5	42.0	80.6	97.0	113.2
Short Term Notes & Bills Payable	17.8	4.9	9.2	15.1	23.7
Notes Payable	2.1	2.0	1.5	1.9	11.9
Notes Payable - Related Parties	0.0	0.4	0.0	0.6	0.2
Accounts Payable	31.8	15.5	7.6	9.8	17.1
Accounts Payable - Related Parties	2.1	3.5	1.1	1.9	0.0
Income Tax Payable	1.8	0.1	0.1	0.7	2.0
Payment on Behalf-Related Parties	0.0	0.5	3.1	0.3	8.1
Other Payable	18.2	9.0	6.2	6.8	11.6
Advance Receipts	23.9	16.5	25.5	15.3	9.8
Current Portion of Long Term Debt	19.1	0.6	2.2	14.3	53.4
Other Current Liabilities	2.6	2.0	1.4	2.2	12.4
Total Current Liabilities	177.9	96.9	138.3	166.0	263.4
Long Term Borrowings	3.6	21.5	29.2	15.7	102.6
Fin. Liabilities at Fair Value	-	-	-	-	0.0
Total Long Term Debt	3.6	21.5	29.2	15.7	102.6
Land Revaluation Increment Tax Reserve	0.2	0.2	0.2	0.2	0.2
Accrued Pension Liabilities	7.5	6.1	4.8	5.1	9.4
Long Term Security Deposits Received	0.1	0.0	0.0	0.0	0.0
Other LT Liabilities	0.0	0.0	0.0	0.0	0.2
Minority Interest	23.7	11.3	9.2	15.1	139.1
Total Liabilities	213.0	136.1	181.6	202.1	514.8
Common Stock	268.7	240.1	234.0	225.5	224.5
Share Premium	1.2	5.9	5.8	63.3	63.0
Fixed Assets Revaluation	-	-	-	-	0.2
Cap. Surplus, Treasury Stock Transaction	6.0	-	-	0.2	0.2
LT Equity Investment Incre./Decre.	0.3	0.8	1.0	0.6	0.0
Gain from Aquisation	-	-	-	0.1	0.1
Other Comprehensive Income	-	-	-	0.0	0.0
Legal Reserve	1.3	-	-	11.2	11.1
Special Reserve	8.1	17.4	16.9	32.3	32.2
Retained Earnings	56.8	11.9	-9.4	-72.9	-84.9
Unrealized LT Investment Gain/Loss	-	-	-	-	-9.1
Cumulative Translation Adjustment	-0.1	0.0	0.0	0.0	0.0
Unrealized Gain/Loss on Pension Fund	-2.1	-1.4	-0.3	-0.3	0.0
Unrealized G/L on Fncl. Instruments	16.6	-5.9	-28.4	-17.1	-
Unrealized Revaluation Increment	0.2	0.2	0.2	0.2	-
Treasury Stock	-2.0	-4.5	-5.0	-3.7	-15.3
Total Equity	355.1	264.3	214.9	239.5	222.0
Total Liabilities & Shareholders' Equity	568.0	400.4	396.5	441.6	736.8
S/O-Common Stock	866.8	836.4	832.9	841.8	732.8
Total Common Shares Outstanding	866.8	836.4	832.9	841.8	732.8
T/S-Common Stock	18.3	48.8	52.4	43.4	152.4
Deferred Revenue, Current	23.9	16.5	25.5	15.3	9.8
Full-Time Employees	994	934	900	957	2,219
Number of Common Shareholders	53,016	43,442	43,618	43,041	42,318
Accumulated Benefit Obligation	7.6	6.3	4.8	5.5	8.8
Benefit Obligation	10.0	8.3	6.8	7.8	12.2
Fair Value of Plan Assets	0.1	0.2	0.0	0.4	1.0
Funded Status	-9.9	-8.1	-6.8	-7.4	-11.2
Total Funded Status	-9.9	-8.1	-6.8	-7.4	-11.2
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.50%	2.00%	2.50%	3.00%	2.25%
Expected Rate of Return on Plan Assets	2.00%	2.00%	2.75%	2.75%	2.75%
Deferred Pension Cost	0.0	0.1	0.1	0.2	-
Accrued Pension Liabilities	-7.5	-6.1	-4.8	-5.1	-9.4
Net Assets Recognized on Balance Sheet	-7.5	-6.1	-4.6	-4.9	-9.4

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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Income	56.6	21.9	-11.6	16.8	10.8
Depreciation	10.3	10.7	13.6	40.5	42.5
Accounting Change	-	-	-	0.0	-0.7
Amortization of Intangibles	1.5	1.0	1.4	3.2	3.0
Treasury Stock Transfer Expense	0.3	-	-	-	-
Fin. Assets Revaluation Gain/Loss	-9.6	-0.8	-0.1	3.1	-1.3
Financial Liability Revaluation G/L	-	-	0.0	-0.1	-0.2
Gain/Loss on Disposal of Properties	-0.1	0.0	-0.1	0.1	-1.3
Gain/Loss on Sale of Investment	0.0	0.0	0.0	0.0	-4.1
Dividend from LT Equity Investment	0.5	0.1	0.5	0.7	1.1
Equity Investment Gain/Loss	-12.6	-8.5	14.8	-0.7	-5.7
Fncl. Assets at Cost - Capital Reduction	-	-	0.0	0.1	-
Prov./Reversal for Inventory Devaluation	-	-	3.5	-0.1	-1.8
Prov. for Unrea./Realiz. Profit btw. RP.	-0.1	0.0	0.0	0.0	-0.1
Fin. Assets at Cost-Impairment Loss	-	-	-	-	0.0
Fin. Assets at Cost-Eternal Devaluation	-	-	-	0.0	6.3
Reversal of Idle Assets	-	-	0.0	-0.1	-
Fin. Assets Fair Value Change	-15.2	-1.9	4.7	8.0	-9.2
Notes and Accounts Receivable	-	-5.6	7.6	-15.5	-4.0
Notes & Accounts Receivable, Rela. Party	-	-2.1	2.0	-	-
Notes Receivable	1.1	-	-	-	-
Notes Receivable-Related Parties	-0.5	-	-	-4.6	-0.1
Accounts Receivable	-9.1	-	-	-	-
Accounts Receivable-Related Parties	1.6	-	-	-	-
Inventories	-	48.7	-19.5	-44.7	-38.3
Inventories-Spinning	-24.2	-	-	-	-
Inventories-Construction	-16.1	-	-	-	-
Prepayment	-1.7	0.0	1.8	4.7	-4.5
Deferred Pension Cost	0.1	0.1	-	-	-
Other Financial Assets-Current	0.3	-0.1	0.7	0.6	-4.5
Other Current Assets	-	0.0	0.0	-2.0	0.6
Deferred Tax Assets	0.6	0.0	0.0	-0.1	-0.8
Other Assets	0.0	0.0	0.0	0.0	3.9
Fin. Liabilities-Fair Value Change	-	-	-	0.0	0.1
Notes & Accounts Payable	-	10.6	-3.3	-3.9	-1.9
Notes Payable	-0.1	-	-	-	-
Notes Payable,Related Parties	-0.4	-	-	-	-
Accounts Payable	13.6	-	-	-	-
Accounts Payable,Related Parties	-1.6	-	-	-	-
Other Payables	3.6	1.6	0.6	5.6	-7.5
Advance Receipts-Real Estate	5.4	-9.3	10.8	5.3	9.7
Tax Payable	1.6	0.0	-0.6	-1.2	1.9
Other Current Liabilities	0.4	0.5	0.4	-1.9	5.8
Other Liabilities	0.2	0.3	-0.3	0.1	0.2
Cash from Operating Activities	6.7	67.4	26.9	13.8	0.1
Capital Return on LT Eq. Investment	-	-	-	0.0	0.1
Purchase of LT Equity Investment	-0.7	-0.6	-0.5	-1.3	-
LT Equity Investment at Cost	-	-	-	0.0	21.3
Disposal of Equity Investment	0.0	0.2	-	-	-
Fin. Assets at Cost	-	0.0	0.3	0.0	-0.8
Capital Reduction of FA, Cost Method	0.7	0.0	0.0	-	-
Fin. Assets-Hold to Maturity	0.0	0.1	0.1	0.1	0.2
Capital Expenditure	-24.8	-7.4	-5.9	-42.6	-36.7
Sale of Fixed Asset	0.1	0.0	0.1	0.0	13.3
Deferred Charges	-1.3	-0.7	-0.8	-	-
Unrealized Depreciation	-	-	-	-2.2	-6.9
Restricted Asset	0.0	0.0	0.0	0.3	-0.1
Security Deposit Paid	-0.3	0.0	0.9	-0.4	-0.4
Cash from Investing Activities	-26.3	-8.4	-5.8	-46.0	-10.0
Short Term Borrowings Decrease	-	-39.4	-16.0	-	-3.0
Short Term Borrowings Increase	11.5	-	-	43.1	-
Net Change Short Term Notes	11.5	-4.4	-6.0	9.0	-14.1
Prepayment-Related Parties	-0.5	-2.6	2.9	-4.0	0.3
Disposal of Treasury Stock	14.1	-	-	0.7	-
Pruchase of Treasury Stock	-	-	-	-	-0.6
Net Change in LT Borrowing	-1.4	-9.8	1.8	-27.2	30.9
Security Deposit Received, Change	0.0	0.0	0.0	5.9	0.0
Minority Interest	-	0.0	0.8	-2.2	-
Trea. Transferred to Employees	0.3	0.5	-1.4	-	-
Cash Dividend Received	1.0	-	-	-	-
Cash Dividend - Common Stock	-19.5	-	-	-	-
Cash from Financing Activities	17.0	-55.5	-17.9	25.3	13.3
Foreign Exchange Effects	-	-	-	0.0	0.0
Net Change in Cash	-2.5	3.4	3.2	-6.8	3.3
Net Cash - Beginning Balance	8.5	4.7	1.7	9.6	15.4
Net Cash - Ending Balance	6.0	8.1	4.9	2.8	18.7
Cash Interest Paid	0.3	0.6	0.9	6.6	4.9
Cash Taxes Paid	0.0	0.0	0.6	1.9	0.2

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	123.7	63.80%	320.1	32.71%	-29.14%	6.43%
Research & Development1	0.4	-14.48%	2.0	-2.58%	-9.66%	3.70%
Operating Income1	19.4	154.42%	31.4	166.32%	9.26%	-
Income Available to Common Excl Extraord Items1	24.0	180.85%	51.1	134.24%	58.88%	-
Basic EPS Excl Extraord Items1	0.03	175.38%	0.06	132.80%	56.03%	-
Capital Expenditures2	6.1	43.47%	24.8	220.79%	-17.65%	40.30%
Cash from Operating Activities2	4.0	-	6.7	-90.47%	-22.39%	2.54%
Free Cash Flow	-2.1	-	-19.5	-	-	-
Total Assets3	598.8	32.29%	568.0	29.31%	4.96%	7.50%
Total Liabilities3	222.5	42.12%	213.0	42.65%	-1.80%	6.22%
Total Long Term Debt3	3.1	-86.61%	3.6	-84.66%	-40.83%	-39.74%
Employees3	-	-	994	6.42%	1.27%	0.41%
Total Common Shares Outstanding3	867.3	3.70%	866.8	3.63%	0.98%	-0.42%
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	0.8	0.7	0.7	1.1	4.0
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	15.34%	11.32%	6.74%	6.43%	5.96%
Operating Margin	9.81%	4.89%	0.67%	2.67%	1.47%
Pretax Margin	18.37%	9.56%	-4.73%	1.97%	1.59%
Net Profit Margin	15.96%	9.04%	-3.73%	1.42%	-0.12%
Financial Strength
Current Ratio	1.44	1.68	1.40	1.21	1.27
Long Term Debt/Equity	0.01	0.08	0.14	0.07	0.46
Total Debt/Equity	0.28	0.27	0.57	0.60	1.37
Management Effectiveness
Return on Assets	12.14%	5.61%	-2.67%	2.89%	1.85%
Return on Equity	17.11%	8.86%	-3.86%	5.35%	-0.40%
Efficiency
Receivables Turnover	10.56	10.57	9.68	14.93	12.41
Inventory Turnover	1.92	1.46	1.37	4.99	5.36
Asset Turnover	0.69	0.59	0.56	1.48	1.29

Market Valuation USD (mil)
P/E (TTM)	5.61	.	Enterprise Value2	474.7
Price/Sales (TTM)	1.02	.	Enterprise Value/Revenue (TTM)	1.21
Price/Book (MRQ)	1.04	.	Enterprise Value/EBITDA (TTM)	8.16
Market Cap as of 19-Aug-20111	405.9	.
1-ExchangeRate: TWD to USD on 19-Aug-2011	29.004500
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	1.68	1.40	1.21	1.27
Quick/Acid Test Ratio	0.45	0.45	0.21	0.27	0.52
Working Capital1	77.6	66.2	55.9	34.8	69.8
Long Term Debt/Equity	0.01	0.08	0.14	0.07	0.46
Total Debt/Equity	0.28	0.27	0.57	0.60	1.37
Long Term Debt/Total Capital	0.01	0.06	0.09	0.04	0.19
Total Debt/Total Capital	0.22	0.21	0.36	0.38	0.58
Payout Ratio	23.70%	86.52%	0.00%	0.00%	0.00%
Effective Tax Rate	3.74%	0.33%	-	0.83%	9.66%
Total Capital1	456.2	335.7	337.5	384.2	527.0
Efficiency
Asset Turnover	0.69	0.59	0.56	1.48	1.29
Inventory Turnover	1.92	1.46	1.37	4.99	5.36
Days In Inventory	189.87	249.83	265.66	73.07	68.13
Receivables Turnover	10.56	10.57	9.68	14.93	12.41
Days Receivables Outstanding	34.56	34.55	37.72	24.44	29.41
Revenue/Employee2	347,872	254,307	259,468	912,994	317,529
Operating Income/Employee2	34,115	12,427	1,728	24,419	4,659
EBITDA/Employee2	46,573	24,994	17,292	70,228	25,070
Profitability
Gross Margin	15.34%	11.32%	6.74%	6.43%	5.96%
Operating Margin	9.81%	4.89%	0.67%	2.67%	1.47%
EBITDA Margin	13.39%	9.83%	6.66%	7.69%	7.90%
EBIT Margin	9.81%	4.89%	0.67%	2.67%	1.47%
Pretax Margin	18.37%	9.56%	-4.73%	1.97%	1.59%
Net Profit Margin	15.96%	9.04%	-3.73%	1.42%	-0.12%
R&D Expense/Revenue	0.62%	0.85%	0.74%	0.30%	0.41%
COGS/Revenue	84.66%	88.68%	93.26%	93.57%	94.04%
SG&A Expense/Revenue	4.93%	5.57%	5.34%	3.46%	4.08%
Management Effectiveness
Return on Assets	12.14%	5.61%	-2.67%	2.89%	1.85%
Return on Equity	17.11%	8.86%	-3.86%	5.35%	-0.40%
Valuation
Free Cash Flow/Share2	-0.02	0.07	0.02	-0.03	-0.05
Operating Cash Flow/Share 2	0.01	0.08	0.03	0.02	0.00
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)	5.73
Market Cap/Equity (MRQ)	1.06
Market Cap/Revenue (TTM)	1.02
Market Cap/EBIT (TTM)	8.83
Market Cap/EBITDA (TTM)	6.88
Enterprise Value/Earnings (TTM)	6.79
Enterprise Value/Equity (MRQ)	1.26
Enterprise Value/Revenue (TTM)	1.21
Enterprise Value/EBIT (TTM)	10.47
Enterprise Value/EBITDA (TTM)	8.16

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	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Sales	320.1	230.1	243.0	862.7	705.9
Revenue	320.1	230.1	243.0	862.7	705.9
Total Revenue	320.1	230.1	243.0	862.7	705.9
Cost of Revenue	271.0	204.0	226.6	807.2	663.8
Cost of Revenue, Total	271.0	204.0	226.6	807.2	663.8
Gross Profit	49.1	26.0	16.4	55.5	42.1
Selling/General/Administrative Expense	15.8	12.8	13.0	29.8	28.8
Total Selling/General/Administrative Expenses	15.8	12.8	13.0	29.8	28.8
Research & Development	2.0	2.0	1.8	2.6	2.9
Other, Net	-0.1	0.0	0.0	0.0	-
Other Operating Expenses, Total	-0.1	0.0	0.0	0.0	-
Total Operating Expense	288.7	218.8	241.3	839.6	695.5
Operating Income	31.4	11.2	1.6	23.1	10.4
Interest Expense - Non-Operating	-0.2	-0.4	-0.9	-6.5	-5.1
Interest Expense, Net Non-Operating	-0.2	-0.4	-0.9	-6.5	-5.1
Interest Income - Non-Operating	0.1	0.2	0.4	0.3	0.2
Investment Income - Non-Operating	25.5	9.1	-12.1	2.9	6.4
Interest/Investment Income - Non-Operating	25.6	9.3	-11.8	3.2	6.6
Interest Income (Expense) - Net Non-Operating Total	25.4	8.9	-12.6	-3.3	1.5
Gain (Loss) on Sale of Assets	0.1	0.0	0.1	2.6	3.9
Other Non-Operating Income (Expense)	1.9	1.8	-0.5	-5.4	-4.6
Other, Net	1.9	1.8	-0.5	-5.4	-4.6
Income Before Tax	58.8	22.0	-11.5	17.0	11.2
Total Income Tax	2.2	0.1	0.1	0.1	1.1
Income After Tax	56.6	21.9	-11.6	16.8	10.1
Minority Interest	-5.5	-1.1	2.5	-4.6	-11.0
Net Income Before Extraord Items	51.1	20.8	-9.1	12.2	-0.9
Accounting Change	-	-	-	-	0.7
Total Extraord Items	-	-	-	-	0.7
Net Income	51.1	20.8	-9.1	12.2	-0.2
Income Available to Common Excl Extraord Items	51.1	20.8	-9.1	12.2	-0.9
Income Available to Common Incl Extraord Items	51.1	20.8	-9.1	12.2	-0.2
Basic/Primary Weighted Average Shares	861.8	856.4	860.0	816.3	830.7
Basic EPS Excl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Basic/Primary EPS Incl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Dilution Adjustment	0.0	0.0	0.0	-	0.0
Diluted Net Income	51.1	20.8	-9.1	12.2	-0.2
Diluted Weighted Average Shares	863.8	858.0	860.0	816.3	830.7
Diluted EPS Excl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Diluted EPS Incl Extraord Items	0.06	0.02	-0.01	0.01	0.00
Dividends per Share - Common Stock Primary Issue	0.01	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	12.4	18.6	0.0	0.0	0.0
Interest Expense, Supplemental	0.2	0.4	0.9	6.5	5.1
Interest Capitalized, Supplemental	-0.7	-1.2	-3.2	-2.9	-1.7
Depreciation, Supplemental	9.9	10.3	13.1	40.1	42.3
Total Special Items	-0.1	0.0	-0.1	-2.6	-3.9
Normalized Income Before Tax	58.7	22.0	-11.5	14.3	7.3
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	-0.4
Inc Tax Ex Impact of Sp Items	2.2	0.1	0.1	0.1	0.7
Normalized Income After Tax	56.5	21.9	-11.6	14.2	6.6
Normalized Inc. Avail to Com.	51.0	20.8	-9.1	9.6	-4.4
Basic Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Diluted Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Amort of Intangibles, Supplemental	1.5	1.0	1.4	3.2	3.0
Rental Expenses	-	-	-	-	0.7
Research & Development Exp, Supplemental	2.0	2.0	1.8	2.6	2.9
Normalized EBIT	31.4	11.2	1.6	23.1	10.4
Normalized EBITDA	42.9	22.6	16.2	66.4	55.7
Current Tax - Total	3.8	0.8	-0.8	3.0	4.5
Current Tax - Total	3.8	0.8	-0.8	3.0	4.5
Deferred Tax - Total	-1.9	-1.6	1.4	-0.4	-0.2
Deferred Tax - Total	-1.9	-1.6	1.4	-0.4	-0.2
Other Tax	0.3	0.8	-0.5	-2.4	-3.2
Income Tax - Total	2.2	0.1	0.1	0.1	1.1
Interest Cost - Domestic	0.2	0.2	0.2	0.2	0.4
Service Cost - Domestic	0.3	0.3	0.4	0.3	0.6
Expected Return on Assets - Domestic	0.0	0.0	0.0	0.0	0.0
Transition Costs - Domestic	0.2	0.2	0.2	0.1	0.1
Domestic Pension Plan Expense	0.7	0.6	0.8	0.5	1.1
Defined Contribution Expense - Domestic	0.5	0.4	0.4	-	-
Total Pension Expense	1.2	1.0	1.2	0.5	1.1
Discount Rate - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Expected Rate of Return - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Compensation Rate - Domestic	2.50%	2.00%	2.50%	3.00%	2.25%
Total Plan Interest Cost	0.2	0.2	0.2	0.2	0.4
Total Plan Service Cost	0.3	0.3	0.4	0.3	0.6
Total Plan Expected Return	0.0	0.0	0.0	0.0	0.0

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
Net Sales	123.7	92.1	80.5	78.7	69.4
Revenue	123.7	92.1	80.5	78.7	69.4
Total Revenue	123.7	92.1	80.5	78.7	69.4
Cost of Revenue	99.7	78.4	68.7	65.7	58.7
Cost of Revenue, Total	99.7	78.4	68.7	65.7	58.7
Gross Profit	24.1	13.7	11.8	12.9	10.7
Selling/General/Administrative Expense	4.2	5.5	3.2	3.9	3.2
Total Selling/General/Administrative Expenses	4.2	5.5	3.2	3.9	3.2
Research & Development	0.4	0.5	0.6	0.5	0.5
Other, Net	0.0	0.0	0.0	-0.1	0.0
Other Operating Expenses, Total	0.0	0.0	0.0	-0.1	0.0
Total Operating Expense	104.4	84.4	72.5	70.0	62.4
Operating Income	19.4	7.7	8.0	8.7	7.0
Interest Expense - Non-Operating	-0.1	0.0	-0.1	-0.1	-0.1
Interest Expense, Net Non-Operating	-0.1	0.0	-0.1	-0.1	-0.1
Interest Income - Non-Operating	0.1	0.0	0.0	0.0	0.0
Investment Income - Non-Operating	6.6	13.4	5.0	7.1	0.4
Interest/Investment Income - Non-Operating	6.6	13.4	5.1	7.1	0.5
Interest Income (Expense) - Net Non-Operating Total	6.6	13.4	5.0	7.0	0.4
Gain (Loss) on Sale of Assets	0.0	0.0	0.0	0.0	0.0
Other Non-Operating Income (Expense)	0.7	0.5	0.5	0.6	0.4
Other, Net	0.7	0.5	0.5	0.6	0.4
Income Before Tax	26.6	21.6	13.5	16.2	7.8
Total Income Tax	2.7	0.8	0.6	0.8	0.0
Income After Tax	23.9	20.8	12.9	15.4	7.8
Minority Interest	0.1	-3.0	-1.8	-0.9	0.0
Net Income Before Extraord Items	24.0	17.8	11.1	14.5	7.8
Net Income	24.0	17.8	11.1	14.5	7.8
Income Available to Common Excl Extraord Items	24.0	17.8	11.1	14.5	7.8
Income Available to Common Incl Extraord Items	24.0	17.8	11.1	14.5	7.8
Basic/Primary Weighted Average Shares	874.5	871.7	859.7	858.3	857.6
Basic EPS Excl Extraord Items	0.03	0.02	0.01	0.02	0.01
Basic/Primary EPS Incl Extraord Items	0.03	0.02	0.01	0.02	0.01
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	24.0	17.8	11.1	14.5	7.8
Diluted Weighted Average Shares	877.5	875.8	860.9	859.0	859.4
Diluted EPS Excl Extraord Items	0.03	0.02	0.01	0.02	0.01
Diluted EPS Incl Extraord Items	0.03	0.02	0.01	0.02	0.01
Dividends per Share - Common Stock Primary Issue	0.00	0.01	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	12.9	0.0	0.0	0.0
Interest Expense, Supplemental	0.1	0.0	0.1	0.1	0.1
Interest Capitalized, Supplemental	-0.2	-0.3	-0.1	-0.2	-0.2
Depreciation, Supplemental	2.9	2.5	2.4	2.6	2.7
Total Special Items	0.0	0.0	0.0	0.0	0.0
Normalized Income Before Tax	26.6	21.6	13.5	16.2	7.8
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	2.7	0.8	0.6	0.8	0.0
Normalized Income After Tax	23.9	20.8	12.9	15.4	7.8
Normalized Inc. Avail to Com.	24.0	17.8	11.1	14.5	7.8
Basic Normalized EPS	0.03	0.02	0.01	0.02	0.01
Diluted Normalized EPS	0.03	0.02	0.01	0.02	0.01
Amort of Intangibles, Supplemental	0.5	0.4	0.4	0.4	0.3
Research & Development Exp, Supplemental	0.4	0.5	0.6	0.5	0.5
Normalized EBIT	19.4	7.7	8.0	8.7	7.0
Normalized EBITDA	22.8	10.7	10.8	11.7	10.0

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	Reclassified Normal 31-Dec-2009	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Cash & Equivalents	6.5	8.4	4.7	2.8	18.7
Short Term Investments	36.3	8.9	6.1	11.5	31.2
Cash and Short Term Investments	42.8	17.3	10.8	14.3	49.8
Accounts Receivable - Trade, Gross	28.4	16.5	11.6	20.2	76.9
Provision for Doubtful Accounts	-0.8	-0.3	-0.2	-0.2	-1.1
Trade Accounts Receivable - Net	31.9	21.7	14.7	25.1	76.4
Notes Receivable - Short Term	4.5	4.8	3.3	5.5	9.6
Total Receivables, Net	36.4	26.5	18.0	30.6	86.0
Inventories - Finished Goods	31.5	19.5	33.1	22.3	46.2
Inventories - Work In Progress	69.2	54.0	91.1	80.5	78.5
Inventories - Raw Materials	48.2	31.6	27.6	41.6	43.2
Inventories - Other	25.1	13.9	13.3	9.4	4.9
Total Inventory	174.0	119.0	165.0	153.8	172.8
Prepaid Expenses	2.3	0.3	0.4	2.1	24.3
Other Current Assets	-	-	-	0.1	0.2
Other Current Assets, Total	-	-	-	0.1	0.2
Total Current Assets	255.5	163.2	194.2	200.8	333.2
Buildings	66.0	54.6	50.7	51.3	114.0
Land/Improvements	31.5	25.8	25.2	22.1	64.0
Machinery/Equipment	317.6	269.7	258.8	268.8	509.4
Construction in Progress	5.8	3.5	3.9	6.5	30.9
Leases	21.1	22.1	21.5	21.4	7.6
Other Property/Plant/Equipment	0.9	0.8	0.8	0.8	0.8
Property/Plant/Equipment - Gross	442.9	376.6	360.8	370.9	726.6
Accumulated Depreciation	-294.3	-259.1	-243.0	-242.9	-390.5
Property/Plant/Equipment - Net	148.6	117.4	117.8	128.0	336.1
Goodwill, Net	-	-	-	-	5.2
Intangibles, Net	0.7	0.7	0.1	0.6	-
LT Investment - Affiliate Companies	156.6	112.1	77.6	103.8	39.3
LT Investments - Other	0.2	0.9	0.9	1.5	5.1
Long Term Investments	156.8	113.0	78.4	105.2	44.4
Deferred Charges	0.8	0.7	0.7	1.1	4.0
Pension Benefits - Overfunded	0.0	0.1	0.1	0.2	-
Deferred Income Tax - Long Term Asset	4.8	5.0	4.8	4.9	11.8
Other Long Term Assets	0.8	0.5	0.4	0.8	2.2
Other Long Term Assets, Total	6.5	6.2	6.1	7.0	18.0
Total Assets	568.0	400.4	396.5	441.6	736.8
Accounts Payable	33.9	19.5	11.7	12.1	25.2
Notes Payable/Short Term Debt	78.4	49.2	91.2	114.7	148.9
Current Portion - Long Term Debt/Capital Leases	19.1	0.6	2.2	14.3	53.4
Customer Advances	23.9	16.5	25.5	15.3	9.8
Income Taxes Payable	1.8	0.1	0.1	0.7	2.0
Other Payables	18.2	9.0	6.2	6.8	11.6
Other Current Liabilities	2.6	2.0	1.4	2.2	12.4
Other Current liabilities, Total	46.5	27.6	33.1	24.9	35.8
Total Current Liabilities	177.9	96.9	138.3	166.0	263.4
Long Term Debt	3.6	21.5	29.2	15.7	102.6
Total Long Term Debt	3.6	21.5	29.2	15.7	102.6
Total Debt	101.2	71.3	122.6	144.7	304.9
Minority Interest	23.7	11.3	9.2	15.1	139.1
Reserves	0.2	0.2	0.2	0.2	0.2
Pension Benefits - Underfunded	7.5	6.1	4.8	5.1	9.4
Other Long Term Liabilities	0.1	0.1	0.0	0.1	0.2
Other Liabilities, Total	7.7	6.4	5.0	5.3	9.7
Total Liabilities	213.0	136.1	181.6	202.1	514.8
Common Stock	268.7	240.1	234.0	225.5	224.5
Common Stock	268.7	240.1	234.0	225.5	224.5
Additional Paid-In Capital	7.5	6.7	6.8	64.2	63.5
Retained Earnings (Accumulated Deficit)	66.2	29.2	7.6	-29.4	-41.5
Treasury Stock - Common	-2.0	-4.5	-5.0	-3.7	-15.3
Unrealized Gain (Loss)	16.8	-5.7	-28.2	-16.9	-9.1
Translation Adjustment	-0.1	0.0	0.0	0.0	0.0
Minimum Pension Liability Adjustment	-2.1	-1.4	-0.3	-0.3	0.0
Other Equity, Total	-2.1	-1.4	-0.3	-0.3	0.0
Total Equity	355.1	264.3	214.9	239.5	222.0
Total Liabilities & Shareholders’ Equity	568.0	400.4	396.5	441.6	736.8
Shares Outstanding - Common Stock Primary Issue	866.8	836.4	832.9	841.8	732.8
Total Common Shares Outstanding	866.8	836.4	832.9	841.8	732.8
Treasury Shares - Common Stock Primary Issue	18.3	48.8	52.4	43.4	152.4
Employees	994	934	900	957	2,219
Number of Common Shareholders	53,016	43,442	43,618	43,041	42,318
Deferred Revenue - Current	23.9	16.5	25.5	15.3	9.8
Pension Obligation - Domestic	10.0	8.3	6.8	7.8	12.2
Plan Assets - Domestic	0.1	0.2	0.0	0.4	1.0
Funded Status - Domestic	-9.9	-8.1	-6.8	-7.4	-11.2
Accumulated Obligation - Domestic	7.6	6.3	4.8	5.5	8.8
Total Funded Status	-9.9	-8.1	-6.8	-7.4	-11.2
Discount Rate - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Expected Rate of Return - Domestic	2.00%	2.00%	2.75%	2.75%	2.75%
Compensation Rate - Domestic	2.50%	2.00%	2.50%	3.00%	2.25%
Prepaid Benefits - Domestic	0.0	0.1	0.1	0.2	-
Accrued Liabilities - Domestic	-7.5	-6.1	-4.8	-5.1	-9.4
Net Assets Recognized on Balance Sheet	-7.5	-6.1	-4.6	-4.9	-9.4
Total Plan Obligations	10.0	8.3	6.8	7.8	12.2
Total Plan Assets	0.1	0.2	0.0	0.4	1.0

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	5.7	6.5	7.4	3.1	3.2
Short Term Investments	43.4	36.3	31.7	17.6	16.1
Cash and Short Term Investments	49.1	42.8	39.0	20.7	19.4
Accounts Receivable - Trade, Gross	40.6	28.4	22.6	23.6	21.4
Provision for Doubtful Accounts	-0.4	-0.8	-0.4	-0.2	-0.3
Trade Accounts Receivable - Net	44.3	31.9	27.4	27.0	25.5
Notes Receivable - Short Term	6.5	4.5	5.7	5.5	5.9
Total Receivables, Net	50.7	36.4	33.1	32.6	31.4
Inventories - Finished Goods	68.3	31.5	21.6	23.2	21.2
Inventories - Work In Progress	46.0	69.2	60.2	57.5	54.2
Inventories - Raw Materials	56.7	48.2	38.1	34.8	35.1
Inventories - Other	17.6	25.1	20.6	17.3	16.3
Total Inventory	188.6	174.0	140.5	132.9	126.8
Prepaid Expenses	1.9	2.3	0.9	0.9	0.7
Total Current Assets	290.3	255.5	213.6	187.1	178.3
Buildings	66.7	66.0	57.1	54.7	55.3
Land/Improvements	33.3	31.5	28.5	25.9	26.2
Machinery/Equipment	314.9	317.6	280.3	272.7	276.4
Construction in Progress	7.8	5.8	14.0	9.8	3.2
Leases	16.5	21.1	19.7	21.7	22.0
Other Property/Plant/Equipment	0.9	0.9	0.8	0.8	0.8
Property/Plant/Equipment - Gross	440.0	442.9	400.5	385.5	383.8
Accumulated Depreciation	-292.4	-294.3	-272.6	-262.7	-263.7
Property/Plant/Equipment - Net	147.7	148.6	127.9	122.8	120.1
Intangibles, Net	0.6	0.7	0.5	0.6	0.6
LT Investment - Affiliate Companies	155.4	156.6	124.6	121.5	112.9
LT Investments - Other	0.2	0.2	0.9	0.9	0.9
Long Term Investments	155.6	156.8	125.5	122.4	113.8
Deferred Charges	0.9	0.8	0.8	0.7	0.8
Pension Benefits - Overfunded	0.0	0.0	0.1	0.1	0.1
Deferred Income Tax - Long Term Asset	3.2	4.8	3.7	4.1	5.0
Other Long Term Assets	0.6	0.8	0.6	0.5	0.5
Other Long Term Assets, Total	4.6	6.5	5.1	5.3	6.3
Total Assets	598.8	568.0	472.6	438.2	419.1
Accounts Payable	46.8	33.9	15.2	20.9	22.0
Notes Payable/Short Term Debt	83.8	78.4	80.9	54.6	54.2
Current Portion - Long Term Debt/Capital Leases	13.1	19.1	8.5	9.0	0.6
Customer Advances	24.7	23.9	20.3	17.7	17.3
Income Taxes Payable	2.9	1.8	0.1	0.1	0.1
Other Payables	14.7	18.2	9.8	30.5	9.5
Other Current Liabilities	2.3	2.6	3.8	2.1	2.0
Other Current liabilities, Total	44.5	46.5	34.0	50.3	28.9
Total Current Liabilities	188.2	177.9	138.7	134.9	105.6
Long Term Debt	3.1	3.6	14.4	12.7	21.5
Total Long Term Debt	3.1	3.6	14.4	12.7	21.5
Total Debt	100.0	101.2	103.9	76.3	76.3
Minority Interest	23.5	23.7	16.7	12.7	11.3
Reserves	0.2	0.2	0.2	0.2	0.2
Pension Benefits - Underfunded	7.5	7.5	6.4	6.3	6.3
Other Long Term Liabilities	0.1	0.1	0.1	0.1	0.1
Other Liabilities, Total	7.8	7.7	6.6	6.5	6.5
Total Liabilities	222.5	213.0	176.5	166.8	145.0
Common Stock	266.4	268.7	250.7	243.8	241.8
Common Stock	266.4	268.7	250.7	243.8	241.8
Additional Paid-In Capital	7.6	7.5	4.7	2.0	6.8
Retained Earnings (Accumulated Deficit)	89.5	66.2	44.4	32.1	37.3
Treasury Stock - Common	-1.9	-2.0	-3.2	-4.2	-4.6
Unrealized Gain (Loss)	16.7	16.8	0.8	-0.9	-5.8
Translation Adjustment	-0.1	-0.1	0.0	0.0	0.0
Minimum Pension Liability Adjustment	-2.1	-2.1	-1.5	-1.4	-1.4
Other Equity, Total	-2.1	-2.1	-1.5	-1.4	-1.4
Total Equity	376.2	355.1	296.0	271.4	274.1
Total Liabilities & Shareholders’ Equity	598.8	568.0	472.6	438.2	419.1
Shares Outstanding - Common Stock Primary Issue	867.3	866.8	852.1	836.4	836.4
Total Common Shares Outstanding	867.3	866.8	852.1	836.4	836.4
Treasury Shares - Common Stock Primary Issue	17.8	18.3	33.1	48.8	48.8
Employees	1,011	994	986	977	933
Deferred Revenue - Current	24.7	23.9	20.3	17.7	17.3
Prepaid Benefits - Domestic	-	0.0	0.1	0.1	0.1
Accrued Liabilities - Domestic	-7.5	-7.5	-6.4	-6.3	-6.3
Net Assets Recognized on Balance Sheet	-7.5	-7.5	-6.3	-6.3	-6.2

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	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Income/Starting Line	56.6	21.9	-11.6	16.8	10.8
Depreciation	10.3	10.7	13.6	40.5	42.5
Depreciation/Depletion	10.3	10.7	13.6	40.5	42.5
Amortization of Intangibles	1.5	1.0	1.4	3.2	3.0
Amortization	1.5	1.0	1.4	3.2	3.0
Deferred Taxes	0.6	0.0	0.0	-0.1	-0.8
Accounting Change	-	-	-	0.0	-0.7
Unusual Items	0.2	0.0	-0.1	0.1	1.0
Equity in Net Earnings (Loss)	-12.6	-8.5	14.8	-0.7	-5.7
Other Non-Cash Items	-9.1	-0.6	3.8	3.4	-2.3
Non-Cash Items	-21.5	-9.2	18.6	2.9	-7.6
Accounts Receivable	-6.8	-7.8	9.6	-20.1	-4.0
Inventories	-40.2	48.7	-19.5	-44.7	-38.3
Prepaid Expenses	-1.7	0.0	1.8	4.7	-4.5
Other Assets	-14.9	-1.9	5.4	6.6	-9.2
Accounts Payable	15.6	12.3	-2.7	1.7	-9.5
Taxes Payable	1.6	0.0	-0.6	-1.2	1.9
Other Liabilities	5.6	-8.6	11.0	3.5	15.6
Changes in Working Capital	-40.9	42.8	4.9	-49.5	-47.9
Cash from Operating Activities	6.7	67.4	26.9	13.8	0.1
Purchase of Fixed Assets	-24.8	-7.4	-5.9	-42.6	-36.7
Capital Expenditures	-24.8	-7.4	-5.9	-42.6	-36.7
Sale of Fixed Assets	0.1	0.0	0.1	0.0	13.3
Sale/Maturity of Investment	0.7	0.2	0.0	0.0	0.1
Investment, Net	0.0	0.1	0.4	0.1	20.7
Purchase of Investments	-0.7	-0.6	-0.5	-1.3	-
Other Investing Cash Flow	-1.6	-0.8	0.1	-2.3	-7.4
Other Investing Cash Flow Items, Total	-1.5	-1.0	0.1	-3.4	26.6
Cash from Investing Activities	-26.3	-8.4	-5.8	-46.0	-10.0
Other Financing Cash Flow	1.3	0.5	-0.6	3.7	0.0
Financing Cash Flow Items	1.3	0.5	-0.6	3.7	0.0
Cash Dividends Paid - Common	-19.5	-	-	-	-
Total Cash Dividends Paid	-19.5	-	-	-	-
Sale/Issuance of Common	14.1	-	-	0.7	-
Repurchase/Retirement of Common	-	-	-	-	-0.6
Common Stock, Net	14.1	-	-	0.7	-0.6
Issuance (Retirement) of Stock, Net	14.1	-	-	0.7	-0.6
Short Term Debt Issued	11.5	-	-	43.1	-
Short Term Debt, Net	22.5	-6.9	-3.1	48.1	-13.8
Long Term Debt Reduction	-	-39.4	-16.0	-	-3.0
Long Term Debt, Net	-1.4	-49.2	-14.2	-27.2	27.8
Issuance (Retirement) of Debt, Net	21.1	-56.1	-17.3	20.9	14.0
Cash from Financing Activities	17.0	-55.5	-17.9	25.3	13.3
Foreign Exchange Effects	-	-	-	0.0	0.0
Net Change in Cash	-2.5	3.4	3.2	-6.8	3.3
Net Cash - Beginning Balance	8.5	4.7	1.7	9.6	15.4
Net Cash - Ending Balance	6.0	8.1	4.9	2.8	18.7
Cash Interest Paid	0.3	0.6	0.9	6.6	4.9
Cash Taxes Paid	0.0	0.0	0.6	1.9	0.2

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	23.9	56.6	36.1	23.2	7.8
Depreciation	2.9	10.3	7.8	5.3	2.7
Depreciation/Depletion	2.9	10.3	7.8	5.3	2.7
Amortization of Intangibles	0.5	1.5	1.1	0.7	0.3
Amortization	0.5	1.5	1.1	0.7	0.3
Deferred Taxes	1.6	0.6	1.4	0.8	0.0
Unusual Items	0.2	0.2	0.3	0.3	0.0
Equity in Net Earnings (Loss)	0.0	-12.6	-5.0	-5.0	0.0
Other Non-Cash Items	-6.1	-9.1	-6.7	-1.6	-0.4
Non-Cash Items	-5.9	-21.5	-11.4	-6.4	-0.4
Accounts Receivable	-14.7	-6.8	-5.9	-6.3	-4.7
Inventories	-16.1	-40.2	-18.3	-14.5	-6.9
Prepaid Expenses	0.3	-1.7	-0.5	-0.6	-0.3
Other Assets	3.7	-14.9	-15.0	-7.0	-6.7
Accounts Payable	5.8	15.2	-3.7	2.0	2.6
Taxes Payable	1.1	1.6	0.0	0.0	0.0
Other Liabilities	0.8	6.0	5.2	1.6	0.8
Changes in Working Capital	-19.0	-40.9	-38.1	-24.7	-15.2
Cash from Operating Activities	4.0	6.7	-3.1	-1.0	-4.8
Purchase of Fixed Assets	-6.1	-24.8	-14.6	-8.9	-3.9
Capital Expenditures	-6.1	-24.8	-14.6	-8.9	-3.9
Sale of Fixed Assets	0.0	0.1	0.0	0.0	0.0
Sale/Maturity of Investment	0.3	0.7	-	0.0	0.0
Investment, Net	-	-	0.0	-	-
Purchase of Investments	-5.7	-0.7	0.0	0.0	0.0
Other Investing Cash Flow	-0.2	-1.6	-1.0	-0.5	-0.3
Other Investing Cash Flow Items, Total	-5.6	-1.5	-1.0	-0.5	-0.3
Cash from Investing Activities	-11.7	-26.3	-15.6	-9.4	-4.2
Other Financing Cash Flow	0.0	1.0	1.0	0.0	0.0
Financing Cash Flow Items	0.0	1.0	1.0	0.0	0.0
Cash Dividends Paid - Common	-	-19.5	-19.3	-	-
Total Cash Dividends Paid	-	-19.5	-19.3	-	-
Sale/Issuance of Common	0.1	14.1	6.3	0.3	0.0
Repurchase/Retirement of Common	-	0.3	0.3	-	-
Common Stock, Net	0.1	14.4	6.6	0.3	0.0
Issuance (Retirement) of Stock, Net	0.1	14.4	6.6	0.3	0.0
Short Term Debt, Net	13.2	22.5	28.9	5.1	4.0
Long Term Debt, Net	-6.3	-1.4	0.3	-0.3	-0.2
Issuance (Retirement) of Debt, Net	6.9	21.1	29.2	4.8	3.8
Cash from Financing Activities	7.0	17.0	17.6	5.1	3.8
Net Change in Cash	-0.7	-2.5	-1.2	-5.3	-5.2
Net Cash - Beginning Balance	6.4	8.5	8.4	8.4	8.4
Net Cash - Ending Balance	5.7	6.0	7.2	3.1	3.2
Cash Interest Paid	0.1	0.3	0.3	0.2	0.1
Cash Taxes Paid	0.0	0.0	0.0	0.8	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	Reclassified Normal 31-Dec-2008	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Sales	289.8	187.2	212.0	830.1	705.9
Construction Income	30.3	42.8	31.0	32.6	-
Total Revenue	320.1	230.1	243.0	862.7	705.9
Cost of Sales	252.4	172.4	226.6	779.4	665.6
Cost of Construction	18.5	31.6	-	28.1	-
Gains between Related Parties	-0.1	0.0	0.0	0.0	-
Prov./Reversal of Inventory Devaluation	-	-	-	-0.1	-1.8
Gain/Loss on Physical Inventory	-	-	-	-0.2	-
Selling Expenses	11.1	8.6	9.3	21.2	19.9
General and Administrative Expenses	4.7	4.2	3.7	8.7	8.9
Research and Development Expenses	2.0	2.0	1.8	2.6	2.9
Total Operating Expense	288.7	218.8	241.3	839.6	695.5
Interest Income	0.1	0.2	0.4	0.3	0.2
Gain/Loss on Equity Investment	12.6	8.5	-14.8	0.7	5.7
Dividend Income	0.1	0.0	0.1	0.3	0.2
Gain on Sale of Fixed Assets	0.1	0.0	0.1	0.0	1.4
Gain on Sale of Investments	4.4	0.0	2.4	4.7	4.9
Gain/loss on Foreign Exchange	-1.1	-0.3	0.2	0.3	0.4
Rent Income	1.3	1.3	1.4	0.9	0.7
Gain on Sale of Scrap & Waste	-	-	-	2.7	2.6
Fin. Asset Revaluation Gain/Loss	9.6	0.8	0.1	-3.1	1.3
Fin. Liabilities Revaluation	-	-	-	0.1	0.2
Miscellaneous Income	1.1	1.1	0.7	1.7	2.5
Interest Expense	-0.2	-0.4	-0.9	-6.5	-5.1
Investment Loss	-	-	-	-0.1	-6.3
Loss on Sale of Fixed Assets	-	-	-	-0.1	-0.1
Miscellaneous Disbursements	-0.5	-0.6	-2.6	-8.1	-7.8
Net Income Before Taxes	58.8	22.0	-11.5	17.0	11.2
Provision for Income Taxes	2.2	0.1	0.1	0.1	1.1
Net Income After Taxes	56.6	21.9	-11.6	16.8	10.1
Minority Interest	-5.5	-1.1	2.5	-4.6	-11.0
Net Income Before Extra. Items	51.1	20.8	-9.1	12.2	-0.9
Accounting Change	-	-	-	-	0.7
Net Income	51.1	20.8	-9.1	12.2	-0.2
Income Available to Com Excl ExtraOrd	51.1	20.8	-9.1	12.2	-0.9
Income Available to Com Incl ExtraOrd	51.1	20.8	-9.1	12.2	-0.2
Basic Weighted Average Shares	861.8	856.4	860.0	816.3	830.7
Basic EPS Excluding ExtraOrdinary Items	0.06	0.02	-0.01	0.01	0.00
Basic EPS Including ExtraOrdinary Items	0.06	0.02	-0.01	0.01	0.00
Dilution Adjustment	0.0	0.0	0.0	-	0.0
Diluted Net Income	51.1	20.8	-9.1	12.2	-0.2
Diluted Weighted Average Shares	863.8	858.0	860.0	816.3	830.7
Diluted EPS Excluding ExtraOrd Items	0.06	0.02	-0.01	0.01	0.00
Diluted EPS Including ExtraOrd Items	0.06	0.02	-0.01	0.01	0.00
DPS-Common Stock	0.01	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	12.4	18.6	0.0	0.0	0.0
Normalized Income Before Taxes	58.7	22.0	-11.5	14.3	7.3
Inc Tax Ex Impact of Sp Items	2.2	0.1	0.1	0.1	0.7
Normalized Income After Taxes	56.5	21.9	-11.6	14.2	6.6
Normalized Inc. Avail to Com.	51.0	20.8	-9.1	9.6	-4.4
Basic Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Diluted Normalized EPS	0.06	0.02	-0.01	0.01	-0.01
Interest Expense	0.2	0.4	0.9	6.5	5.1
Capitalized Interest	-0.7	-1.2	-3.2	-2.9	-1.7
R&D Expense	2.0	2.0	1.8	2.6	2.9
Rent Expense	-	-	-	-	0.7
Depreciation - Operating Cost	9.7	10.1	12.8	39.4	41.5
Depreciation - Operating Expense	0.3	0.3	0.3	0.7	0.8
Amortization - Operating Cost	1.4	0.9	1.2	2.3	2.3
Amortization - Operating Expense	0.1	0.1	0.3	0.9	0.8
Current Tax Payable	3.8	0.8	-0.8	3.0	4.5
Current Tax - Total	3.8	0.8	-0.8	3.0	4.5
Deferred Tax	-1.9	-1.6	1.4	-0.4	-0.2
Deferred Tax - Total	-1.9	-1.6	1.4	-0.4	-0.2
Other	0.3	0.8	-0.5	-2.4	-3.2
Income Tax - Total	2.2	0.1	0.1	0.1	1.1
Service Cost	0.3	0.3	0.4	0.3	0.6
Interest Cost	0.2	0.2	0.2	0.2	0.4
Expected Return on Plan Assets	0.0	0.0	0.0	0.0	0.0
Amort. Transitional Benefit Obligation	0.1	0.1	0.1	0.1	-
Amort. of Benefit Obligation	0.2	0.1	0.1	0.0	0.1
Domestic Pension Plan Expense	0.7	0.6	0.8	0.5	1.1
Defined Contribution Expense - Domestic	0.5	0.4	0.4	-	-
Total Pension Expense	1.2	1.0	1.2	0.5	1.1
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.50%	2.00%	2.50%	3.00%	2.25%
Expected Rate of Return on Plan Assets	2.00%	2.00%	2.75%	2.75%	2.75%

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
Net Sales	110.2	82.8	72.4	71.6	63.5
Construction Revenue	13.6	9.3	8.1	7.1	5.9
Total Revenue	123.7	92.1	80.5	78.7	69.4
Cost of Sales	92.4	72.9	63.7	61.3	54.9
Cost of Construction	7.3	5.5	4.9	4.4	3.8
Unreal/Realized Gains,Related Parties	0.0	0.0	0.0	-0.1	0.0
Selling Expenses	2.9	2.9	2.6	2.8	2.7
General and Administrative Expenses	1.3	2.6	0.6	1.0	0.5
Research and Development Expenses	0.4	0.5	0.6	0.5	0.5
Total Operating Expense	104.4	84.4	72.5	70.0	62.4
Interest Income	0.1	0.0	0.0	0.0	0.0
Gain/Loss on Equity Investment	-	7.8	0.0	5.0	-
Dividend Income/Loss	-	0.0	0.0	0.0	-
Gains on Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Gains on Sale of Investments	0.6	4.0	0.0	0.4	0.0
Foreign Exchange Gain/Losses	0.1	-0.9	-0.3	0.1	0.0
Rent Income	0.3	0.3	0.3	0.3	0.3
Revaluation G/L on Financial Assets	5.9	2.5	5.3	1.4	0.4
Financial Liab. Revaluation Gain/Los	0.0	0.0	0.0	0.0	0.0
Miscellaneous Income	0.5	0.3	0.3	0.3	0.2
Interest Expense	-0.1	0.0	-0.1	-0.1	-0.1
Miscellaneous Disbursements	-0.1	-0.1	-0.1	-0.1	-0.1
Net Income Before Taxes	26.6	21.6	13.5	16.2	7.8
Provision for Income Taxes	2.7	0.8	0.6	0.8	0.0
Net Income After Taxes	23.9	20.8	12.9	15.4	7.8
Minority Interest	0.1	-3.0	-1.8	-0.9	0.0
Net Income Before Extra. Items	24.0	17.8	11.1	14.5	7.8
Net Income	24.0	17.8	11.1	14.5	7.8
Income Available to Com Excl ExtraOrd	24.0	17.8	11.1	14.5	7.8
Income Available to Com Incl ExtraOrd	24.0	17.8	11.1	14.5	7.8
Basic Weighted Average Shares	874.5	871.7	859.7	858.3	857.6
Basic EPS Excluding ExtraOrdinary Items	0.03	0.02	0.01	0.02	0.01
Basic EPS Including ExtraOrdinary Items	0.03	0.02	0.01	0.02	0.01
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	24.0	17.8	11.1	14.5	7.8
Diluted Weighted Average Shares	877.5	875.8	860.9	859.0	859.4
Diluted EPS Excluding ExtraOrd Items	0.03	0.02	0.01	0.02	0.01
Diluted EPS Including ExtraOrd Items	0.03	0.02	0.01	0.02	0.01
DPS-Common Stock	0.00	0.01	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	12.9	0.0	0.0	0.0
Normalized Income Before Taxes	26.6	21.6	13.5	16.2	7.8
Inc Tax Ex Impact of Sp Items	2.7	0.8	0.6	0.8	0.0
Normalized Income After Taxes	23.9	20.8	12.9	15.4	7.8
Normalized Inc. Avail to Com.	24.0	17.8	11.1	14.5	7.8
Basic Normalized EPS	0.03	0.02	0.01	0.02	0.01
Diluted Normalized EPS	0.03	0.02	0.01	0.02	0.01
Interest Expense	0.1	0.0	0.1	0.1	0.1
Interest Capitalized	-0.2	-0.3	-0.1	-0.2	-0.2
R&D Expense	0.4	0.5	0.6	0.5	0.5
Depreciation	2.9	2.5	2.4	2.6	2.7
Amortization	0.5	0.4	0.4	0.4	0.3

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	Reclassified Normal 31-Dec-2009	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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Cash and Cash Equivalent	6.5	8.4	4.7	2.8	18.7
Fin. Assets at Fair Value	33.9	6.4	3.6	8.4	22.6
Financial Assets, Hold to Maturity	-	0.0	0.1	0.0	-
Notes Receivable	3.9	4.6	3.3	5.3	9.5
Notes Receivable - Related Parties	0.7	0.2	0.0	0.2	0.1
Accounts Receivable, Gross	28.4	16.5	11.6	20.2	76.9
Provision for Doubtful Accounts	-0.3	-0.2	-0.2	-0.2	-1.1
Prov. forGain/Loss on Foreign Exchange	-0.5	-0.1	0.0	0.0	-
Accounts Receivable - Related Parties	4.3	5.5	3.4	5.1	0.6
Other Current Financial Assets	2.4	2.5	2.4	3.1	8.5
Raw Material	22.0	8.5	5.5	8.6	15.1
Supplies	2.4	1.5	1.6	1.7	3.5
Materials in Transit	0.0	0.2	0.0	-	-
Work-in-Process	1.5	1.1	0.5	1.1	17.0
Semi-Finished Goods	2.5	0.8	0.6	3.0	1.7
Finished Goods	26.7	14.3	19.8	22.2	45.3
Goods in Sale	-	0.0	0.0	0.0	0.1
Provision/Allowance for Inventory	-	-	-	-1.0	-2.7
Land & House, Hold for Sale	-	-	13.3	0.0	-
House & Land, Sold Out	0.0	0.8	-	-	-
Parking Spot for Sale	4.8	4.5	-	-	-
Land under Construction	43.6	39.4	61.0	55.8	54.5
Project in Progress	21.6	12.7	28.9	20.6	5.3
Deferred Selling Expenses	1.2	2.5	3.9	2.7	4.1
Construction Profit	22.7	10.2	8.3	4.6	0.0
Construction Land	23.8	21.4	20.4	31.3	24.6
Prepayment for Construction	1.3	1.1	1.1	1.0	1.6
Goods in Transit	-	-	-	-	0.9
Inventories, Other	-	-	-	2.1	1.8
Prepayment	2.3	0.3	0.4	2.1	24.3
Other Current Assets	-	-	-	0.1	0.2
Total Current Assets	255.5	163.2	194.2	200.8	333.2
Long Term Equity Investment	156.6	112.1	77.6	103.8	39.3
Fin. Assets-Hold to Maturity	-	-	-	0.2	0.5
Fin. Assets at Cost	0.2	0.9	0.9	1.2	4.5
Fin. Assets at Fair Value	-	-	-	0.1	0.0
Land and Improvements	31.5	25.8	25.2	22.1	64.0
Buildings and Structures	66.0	54.6	50.7	51.3	114.0
Machinery and Equipment	267.2	225.0	215.3	221.2	405.4
Transportation Equipment	2.6	2.1	2.0	2.0	3.9
Office Equipment	-	-	-	-	100.1
Miscellaneous Equipment	47.9	42.6	41.5	45.6	-
Assets Revaluation Increment	0.9	0.8	0.8	0.8	0.8
Accumulated Depreciation on Fixed Assets	-291.7	-256.9	-241.2	-241.5	-390.1
Constr. in Prog. & Prep. for Equip.	5.8	3.5	3.9	6.5	30.9
Computer & Software	0.7	0.7	0.1	0.6	-
Goodwill, Net	-	-	-	-	5.2
Deferred Pension Cost	0.0	0.1	0.1	0.2	-
Leased Assets	21.1	22.1	21.5	21.4	7.6
Accumulated Depreciation	-2.6	-2.3	-1.8	-1.4	-0.4
Deferred Charges	0.8	0.7	0.7	1.1	4.0
Deferred Income Tax Assets - Non Current	4.8	5.0	4.8	4.9	11.8
Other Long Term Assets	0.8	0.5	0.4	0.8	2.2
Total Assets	568.0	400.4	396.5	441.6	736.8
Short Term Borrowings	58.5	42.0	80.6	97.0	113.2
Short Term Notes & Bills Payable	17.8	4.9	9.2	15.1	23.7
Notes Payable	2.1	2.0	1.5	1.9	11.9
Notes Payable - Related Parties	0.0	0.4	0.0	0.6	0.2
Accounts Payable	31.8	15.5	7.6	9.8	17.1
Accounts Payable - Related Parties	2.1	3.5	1.1	1.9	0.0
Income Tax Payable	1.8	0.1	0.1	0.7	2.0
Payment on Behalf-Related Parties	0.0	0.5	3.1	0.3	8.1
Other Payable	18.2	9.0	6.2	6.8	11.6
Advance Receipts	23.9	16.5	25.5	15.3	9.8
Current Portion of Long Term Debt	19.1	0.6	2.2	14.3	53.4
Other Current Liabilities	2.6	2.0	1.4	2.2	12.4
Total Current Liabilities	177.9	96.9	138.3	166.0	263.4
Long Term Borrowings	3.6	21.5	29.2	15.7	102.6
Fin. Liabilities at Fair Value	-	-	-	-	0.0
Total Long Term Debt	3.6	21.5	29.2	15.7	102.6
Land Revaluation Increment Tax Reserve	0.2	0.2	0.2	0.2	0.2
Accrued Pension Liabilities	7.5	6.1	4.8	5.1	9.4
Long Term Security Deposits Received	0.1	0.0	0.0	0.0	0.0
Other LT Liabilities	0.0	0.0	0.0	0.0	0.2
Minority Interest	23.7	11.3	9.2	15.1	139.1
Total Liabilities	213.0	136.1	181.6	202.1	514.8
Common Stock	268.7	240.1	234.0	225.5	224.5
Share Premium	1.2	5.9	5.8	63.3	63.0
Fixed Assets Revaluation	-	-	-	-	0.2
Cap. Surplus, Treasury Stock Transaction	6.0	-	-	0.2	0.2
LT Equity Investment Incre./Decre.	0.3	0.8	1.0	0.6	0.0
Gain from Aquisation	-	-	-	0.1	0.1
Other Comprehensive Income	-	-	-	0.0	0.0
Legal Reserve	1.3	-	-	11.2	11.1
Special Reserve	8.1	17.4	16.9	32.3	32.2
Retained Earnings	56.8	11.9	-9.4	-72.9	-84.9
Unrealized LT Investment Gain/Loss	-	-	-	-	-9.1
Cumulative Translation Adjustment	-0.1	0.0	0.0	0.0	0.0
Unrealized Gain/Loss on Pension Fund	-2.1	-1.4	-0.3	-0.3	0.0
Unrealized G/L on Fncl. Instruments	16.6	-5.9	-28.4	-17.1	-
Unrealized Revaluation Increment	0.2	0.2	0.2	0.2	-
Treasury Stock	-2.0	-4.5	-5.0	-3.7	-15.3
Total Equity	355.1	264.3	214.9	239.5	222.0
Total Liabilities & Shareholders' Equity	568.0	400.4	396.5	441.6	736.8
S/O-Common Stock	866.8	836.4	832.9	841.8	732.8
Total Common Shares Outstanding	866.8	836.4	832.9	841.8	732.8
T/S-Common Stock	18.3	48.8	52.4	43.4	152.4
Deferred Revenue, Current	23.9	16.5	25.5	15.3	9.8
Full-Time Employees	994	934	900	957	2,219
Number of Common Shareholders	53,016	43,442	43,618	43,041	42,318
Accumulated Benefit Obligation	7.6	6.3	4.8	5.5	8.8
Benefit Obligation	10.0	8.3	6.8	7.8	12.2
Fair Value of Plan Assets	0.1	0.2	0.0	0.4	1.0
Funded Status	-9.9	-8.1	-6.8	-7.4	-11.2
Total Funded Status	-9.9	-8.1	-6.8	-7.4	-11.2
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.50%	2.00%	2.50%	3.00%	2.25%
Expected Rate of Return on Plan Assets	2.00%	2.00%	2.75%	2.75%	2.75%
Deferred Pension Cost	0.0	0.1	0.1	0.2	-
Accrued Pension Liabilities	-7.5	-6.1	-4.8	-5.1	-9.4
Net Assets Recognized on Balance Sheet	-7.5	-6.1	-4.6	-4.9	-9.4

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	5.7	6.5	7.4	3.1	3.2
Fin. Assets at Fair Value	36.1	33.9	30.5	16.2	13.7
Financial Assets, Hold to Maturity	-	-	-	-	0.0
Notes Receivable	5.1	3.9	4.9	4.7	4.7
Notes Receivable - Related Parties	1.3	0.7	0.9	0.8	1.2
Accounts Receivable, Gross	40.6	28.4	22.6	23.6	21.4
Provision for Doubtful Accounts	-0.4	-0.3	-0.2	-0.2	-0.3
Prov. for Gain/Loss on Foreign Exchange	0.0	-0.5	-0.2	-	0.0
Accounts Receivable - Related Parties	4.1	4.3	5.3	3.6	4.5
Other Current Financial Assets	7.3	2.4	1.2	1.5	2.5
Raw Material	30.3	22.0	14.2	11.2	11.3
Supplies	2.5	2.4	1.9	2.0	2.2
Materials in Transit	-	0.0	-	-	-
Work-in-Process	1.0	1.5	0.8	1.3	0.7
Semi-Finished Goods	1.4	2.5	0.8	0.9	1.5
Finished Goods	45.0	26.7	17.1	18.8	16.7
Goods in Sale	-	-	-	-	0.0
Goods in Transit	0.3	-	0.2	0.0	0.4
House & Land, Sold Out	17.6	0.0	0.0	0.0	0.0
Parking Lots, Hold for Sale	5.6	4.8	4.5	4.4	4.5
Land under Construction	32.3	43.6	40.7	39.5	38.3
Construction in Progress	11.3	21.6	18.0	15.8	13.7
Deferred Selling Expenses	0.7	1.2	1.8	2.1	2.4
Construction Profit	15.4	22.7	17.5	14.1	11.7
Construction Land	23.9	23.8	22.1	21.6	21.6
Prepayment for Construction	1.3	1.3	1.2	1.1	1.7
Prepayment	1.9	2.3	0.9	0.9	0.7
Total Current Assets	290.3	255.5	213.6	187.1	178.3
Long Term Equity Investment	155.4	156.6	124.6	121.5	112.9
Fin. Assets at Cost	0.2	0.2	0.9	0.9	0.9
Land and Improvements	33.3	31.5	28.5	25.9	26.2
Buildings and Structures	66.7	66.0	57.1	54.7	55.3
Machinery and Equipment	265.0	267.2	234.7	228.1	231.4
Transportation Equipment	2.5	2.6	2.1	2.1	2.1
Miscellaneous Equipment	47.4	47.9	43.5	42.5	42.9
Assets Revaluation Increment	0.9	0.9	0.8	0.8	0.8
Accumulated Depreciation	-292.4	-291.7	-270.2	-260.2	-261.3
Constr. in Prog. & Prep. for Equip.	7.8	5.8	14.0	9.8	3.2
Computer Software Cost	0.6	0.7	0.5	0.6	0.6
Deferred Pension Cost	0.0	0.0	0.1	0.1	0.1
Leased Assets	16.5	21.1	19.7	21.7	22.0
Accumulated Depreciation	-	-2.6	-2.3	-2.4	-2.3
Deferred Charges	0.9	0.8	0.8	0.7	0.8
Deferred Income Tax Assets - Non Current	3.2	4.8	3.7	4.1	5.0
Other Long Term Assets	0.6	0.8	0.6	0.5	0.5
Total Assets	598.8	568.0	472.6	438.2	419.1
Short Term Borrowings	48.6	58.5	50.5	26.8	45.3
Short Term Notes & Bills Payable	33.0	17.8	27.5	25.4	5.9
Notes Payable	2.1	2.1	2.3	1.7	1.9
Notes Payable - Related Parties	0.1	0.0	0.6	0.7	1.0
Fin. Liabilities-FV through P/L, Current	0.0	-	-	0.0	0.0
Accounts Payable	35.5	31.8	11.3	17.0	17.9
Accounts Payable - Related Parties	4.0	2.1	3.9	3.9	3.6
Income Tax Payable	2.9	1.8	0.1	0.1	0.1
Payment on Behalf-Related Parties	7.3	0.0	-	0.0	0.5
Other Payable	14.7	18.2	9.8	30.5	9.5
Advance Receipts on Land/Building	24.7	23.9	20.3	17.7	17.3
Current Portion of Long Term Debt	13.1	19.1	8.5	9.0	0.6
Other Current Liabilities	2.3	2.6	3.8	2.1	2.0
Total Current Liabilities	188.2	177.9	138.7	134.9	105.6
Long Term Borrowings	3.1	3.6	14.4	12.7	21.5
Total Long Term Debt	3.1	3.6	14.4	12.7	21.5
Land Revaluation Increment Tax Reserve	0.2	0.2	0.2	0.2	0.2
Accrued Pension Liabilities	7.5	7.5	6.4	6.3	6.3
Long Term Security Deposits Received	0.0	0.1	0.0	0.0	0.0
Other Long Term Liability	0.0	0.0	0.0	0.0	0.0
Minority Interest	23.5	23.7	16.7	12.7	11.3
Total Liabilities	222.5	213.0	176.5	166.8	145.0
Common Stock	266.4	268.7	250.7	239.0	241.8
Stock Dividend for Distribution	-	-	-	4.8	-
Share Premium	1.2	1.2	1.1	1.1	5.9
Cap. Surplus, Treasury Stock Transaction	6.2	6.0	3.0	0.3	-
LT Equity Investment Incre./Decre.	0.3	0.3	0.6	0.6	0.8
Legal Reserve	1.3	1.3	1.2	1.2	-
Special Reserve	8.0	8.1	7.6	7.3	17.5
Retained Earnings	80.2	56.8	35.7	23.6	19.8
Cumulative Translation Adjustment	-0.1	-0.1	0.0	0.0	0.0
Unrealized Gain/Loss on Pension Fund	-2.1	-2.1	-1.5	-1.4	-1.4
Unrealized LT Invest./Fncl/Pro Asset G/L	16.4	16.6	0.6	-1.2	-6.0
Unrealized Fixed Assets Revaluation	0.2	0.2	0.2	0.2	0.2
Treasury Stock	-1.9	-2.0	-3.2	-4.2	-4.6
Total Equity	376.2	355.1	296.0	271.4	274.1
Total Liabilities & Shareholders' Equity	598.8	568.0	472.6	438.2	419.1
S/O-Common Stock	867.3	866.8	852.1	836.4	836.4
Total Common Shares Outstanding	867.3	866.8	852.1	836.4	836.4
T/S-Common Stock	17.8	18.3	33.1	48.8	48.8
Deferred Revenue, Current	24.7	23.9	20.3	17.7	17.3
Full-Time Employees	1,011	994	986	977	933
Deferred Pension Cost	-	0.0	0.1	0.1	0.1
Accrued Pension Liabilities	-7.5	-7.5	-6.4	-6.3	-6.3
Net Assets Recognized on Balance Sheet	-7.5	-7.5	-6.3	-6.3	-6.2

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	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified
Net Income	56.6	21.9	-11.6	16.8	10.8
Depreciation	10.3	10.7	13.6	40.5	42.5
Accounting Change	-	-	-	0.0	-0.7
Amortization of Intangibles	1.5	1.0	1.4	3.2	3.0
Treasury Stock Transfer Expense	0.3	-	-	-	-
Fin. Assets Revaluation Gain/Loss	-9.6	-0.8	-0.1	3.1	-1.3
Financial Liability Revaluation G/L	-	-	0.0	-0.1	-0.2
Gain/Loss on Disposal of Properties	-0.1	0.0	-0.1	0.1	-1.3
Gain/Loss on Sale of Investment	0.0	0.0	0.0	0.0	-4.1
Dividend from LT Equity Investment	0.5	0.1	0.5	0.7	1.1
Equity Investment Gain/Loss	-12.6	-8.5	14.8	-0.7	-5.7
Fncl. Assets at Cost - Capital Reduction	-	-	0.0	0.1	-
Prov./Reversal for Inventory Devaluation	-	-	3.5	-0.1	-1.8
Prov. for Unrea./Realiz. Profit btw. RP.	-0.1	0.0	0.0	0.0	-0.1
Fin. Assets at Cost-Impairment Loss	-	-	-	-	0.0
Fin. Assets at Cost-Eternal Devaluation	-	-	-	0.0	6.3
Reversal of Idle Assets	-	-	0.0	-0.1	-
Fin. Assets Fair Value Change	-15.2	-1.9	4.7	8.0	-9.2
Notes and Accounts Receivable	-	-5.6	7.6	-15.5	-4.0
Notes & Accounts Receivable, Rela. Party	-	-2.1	2.0	-	-
Notes Receivable	1.1	-	-	-	-
Notes Receivable-Related Parties	-0.5	-	-	-4.6	-0.1
Accounts Receivable	-9.1	-	-	-	-
Accounts Receivable-Related Parties	1.6	-	-	-	-
Inventories	-	48.7	-19.5	-44.7	-38.3
Inventories-Spinning	-24.2	-	-	-	-
Inventories-Construction	-16.1	-	-	-	-
Prepayment	-1.7	0.0	1.8	4.7	-4.5
Deferred Pension Cost	0.1	0.1	-	-	-
Other Financial Assets-Current	0.3	-0.1	0.7	0.6	-4.5
Other Current Assets	-	0.0	0.0	-2.0	0.6
Deferred Tax Assets	0.6	0.0	0.0	-0.1	-0.8
Other Assets	0.0	0.0	0.0	0.0	3.9
Fin. Liabilities-Fair Value Change	-	-	-	0.0	0.1
Notes & Accounts Payable	-	10.6	-3.3	-3.9	-1.9
Notes Payable	-0.1	-	-	-	-
Notes Payable,Related Parties	-0.4	-	-	-	-
Accounts Payable	13.6	-	-	-	-
Accounts Payable,Related Parties	-1.6	-	-	-	-
Other Payables	3.6	1.6	0.6	5.6	-7.5
Advance Receipts-Real Estate	5.4	-9.3	10.8	5.3	9.7
Tax Payable	1.6	0.0	-0.6	-1.2	1.9
Other Current Liabilities	0.4	0.5	0.4	-1.9	5.8
Other Liabilities	0.2	0.3	-0.3	0.1	0.2
Cash from Operating Activities	6.7	67.4	26.9	13.8	0.1
Capital Return on LT Eq. Investment	-	-	-	0.0	0.1
Purchase of LT Equity Investment	-0.7	-0.6	-0.5	-1.3	-
LT Equity Investment at Cost	-	-	-	0.0	21.3
Disposal of Equity Investment	0.0	0.2	-	-	-
Fin. Assets at Cost	-	0.0	0.3	0.0	-0.8
Capital Reduction of FA, Cost Method	0.7	0.0	0.0	-	-
Fin. Assets-Hold to Maturity	0.0	0.1	0.1	0.1	0.2
Capital Expenditure	-24.8	-7.4	-5.9	-42.6	-36.7
Sale of Fixed Asset	0.1	0.0	0.1	0.0	13.3
Deferred Charges	-1.3	-0.7	-0.8	-	-
Unrealized Depreciation	-	-	-	-2.2	-6.9
Restricted Asset	0.0	0.0	0.0	0.3	-0.1
Security Deposit Paid	-0.3	0.0	0.9	-0.4	-0.4
Cash from Investing Activities	-26.3	-8.4	-5.8	-46.0	-10.0
Short Term Borrowings Decrease	-	-39.4	-16.0	-	-3.0
Short Term Borrowings Increase	11.5	-	-	43.1	-
Net Change Short Term Notes	11.5	-4.4	-6.0	9.0	-14.1
Prepayment-Related Parties	-0.5	-2.6	2.9	-4.0	0.3
Disposal of Treasury Stock	14.1	-	-	0.7	-
Pruchase of Treasury Stock	-	-	-	-	-0.6
Net Change in LT Borrowing	-1.4	-9.8	1.8	-27.2	30.9
Security Deposit Received, Change	0.0	0.0	0.0	5.9	0.0
Minority Interest	-	0.0	0.8	-2.2	-
Trea. Transferred to Employees	0.3	0.5	-1.4	-	-
Cash Dividend Received	1.0	-	-	-	-
Cash Dividend - Common Stock	-19.5	-	-	-	-
Cash from Financing Activities	17.0	-55.5	-17.9	25.3	13.3
Foreign Exchange Effects	-	-	-	0.0	0.0
Net Change in Cash	-2.5	3.4	3.2	-6.8	3.3
Net Cash - Beginning Balance	8.5	4.7	1.7	9.6	15.4
Net Cash - Ending Balance	6.0	8.1	4.9	2.8	18.7
Cash Interest Paid	0.3	0.6	0.9	6.6	4.9
Cash Taxes Paid	0.0	0.0	0.6	1.9	0.2

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	23.9	56.6	36.1	23.2	7.8
Depreciation	2.9	10.3	7.8	5.3	2.7
Amortization of Intangibles	0.5	1.5	1.1	0.7	0.3
Treasury Stock Transfer Expense	0.2	0.3	0.3	0.3	0.0
Financial Asset Revaluation Gain/Loss	-5.9	-9.6	-7.1	-1.8	-0.4
Financial Liab. Revaluation Gain/Loss	-	-	-	0.0	-
Loss on Idle Assets Depreciation/Impair.	-0.3	-	-	-	0.0
Gain/Loss on Disposal of Properties	0.0	-0.1	0.0	0.0	0.0
Gain/Loss on Sale of Investment	-	0.0	0.0	-	-
Dividend from LT Equity Investment	-	0.5	0.5	0.2	-
Equity Investment Gain/Loss	0.0	-12.6	-5.0	-5.0	0.0
Unrealized Income-Related Parties	0.0	-	-0.1	-	0.0
Prov. for Unrea. Profit btw. Related Par	-	-0.1	-	-	-
Financial Assets-Fair Value, Current	3.4	-15.2	-16.3	-8.0	-6.7
Deferred Pension Cost	-	0.1	-	-	-
Notes Receivable	-1.3	1.1	-0.1	-0.2	0.0
Notes Receivable-Related Parties	-0.7	-0.5	-0.7	-0.6	-1.1
Accounts Receivable	-12.8	-9.1	-5.5	-7.3	-4.7
Accounts Receivable-Related Parties	0.2	1.6	0.4	1.9	1.0
Other Financial Assets-Current	0.4	0.3	1.3	1.1	0.1
Inventories	-	-	-18.3	-14.5	-
Inventories-Spinning	-25.9	-24.2	-	-	-6.1
Inventories-Construction	9.8	-16.1	-	-	-0.8
Prepayment	0.3	-1.7	-0.5	-0.6	-0.3
Deferred Tax Assets	1.6	0.6	1.4	0.8	0.0
Temporary Paid Tax	-	-	-	0.0	-
Other Assets	0.0	0.0	0.0	-	0.0
Fin. Liabilities-Fair Value Change	0.0	-	-	-	0.0
Notes Payable	0.0	-0.1	0.3	-0.2	0.0
Notes Payable,Related Parties	0.1	-0.4	0.2	0.3	0.6
Accounts Payable	4.0	13.6	-4.5	1.5	2.3
Accounts Payable,Related Parties	2.0	-1.6	0.3	0.5	0.0
Tax Payable	1.1	1.6	0.0	0.0	0.0
Other Payables	-0.3	3.6	-0.1	-0.1	-0.3
Advanced Receipt for Real Estate	1.0	5.4	3.3	1.3	0.7
Other Current Liabilities	-0.3	0.4	1.8	0.1	0.0
Accrued Pension Liabilities	-	-	-	0.2	-
Other Liabilities	0.1	0.2	0.1	-	0.1
Cash from Operating Activities	4.0	6.7	-3.1	-1.0	-4.8
Receiveble Parties Borrowing Increased	-5.3	-	-	-	0.0
Purchase of LT Equity Investment	-0.4	-0.7	0.0	0.0	0.0
Capital Reduction of FA, Cost Method	-	0.7	-	0.0	-
Disposal of Equity Investment	0.3	0.0	-	-	0.0
Fin. Assets-Hold to Maturity	-	-	0.0	-	-
Capital Expenditure	-6.1	-24.8	-14.6	-8.9	-3.9
Sale of Fixed Asset	0.0	0.1	0.0	0.0	0.0
Deferred Charges	-0.5	-1.3	-1.0	-0.6	-0.3
Restricted Asset	0.0	0.0	0.0	0.0	0.0
Security Deposit Paid	0.3	-0.3	-0.1	0.0	0.0
Cash from Investing Activities	-11.7	-26.3	-15.6	-9.4	-4.2
Short Term Borrowings	-9.5	11.5	7.4	-15.1	3.0
Short Term Notes Change	15.4	11.5	22.0	20.7	0.9
Prepayment-Related Parties	7.3	-0.5	-0.5	-0.5	0.0
Net Change in LT Borrowings	-6.3	-1.4	0.3	-0.3	-0.2
Cash Dividend - Common Stock	-	-19.5	-19.3	-	-
Cash Dividend Received	-	1.0	0.9	-	-
Treasury Stock Transfer to Employee	-	0.3	0.3	-	-
Disposal of Treasury Stock	0.1	14.1	6.3	0.3	0.0
Security Deposit Received, Change	0.0	0.0	0.0	0.0	0.0
Cash from Financing Activities	7.0	17.0	17.6	5.1	3.8
Net Change in Cash	-0.7	-2.5	-1.2	-5.3	-5.2
Net Cash - Beginning Balance	6.4	8.5	8.4	8.4	8.4
Net Cash - Ending Balance	5.7	6.0	7.2	3.1	3.2
Cash Interest Paid	0.1	0.3	0.3	0.2	0.1
Cash Taxes Paid	0.0	0.0	0.0	0.8	0.0

Business Segments

Financials in: As Reported (mil)

Annual

External Revenue   USD (mil)
	31-Dec-10		31-Dec-09		31-Dec-08		31-Dec-07
Textile	289.8	90.5 %	187.2	81.4 %	209.0	86 %	852.2	95.2 %
Construction	30.3	9.5 %	42.8	18.6 %	31.0	12.7 %	32.6	3.6 %
Investment & Other	-	-	0.0	0 %	3.1	1.3 %	10.4	1.2 %
Segment Total	320.1	100 %	230.1	100 %	243.0	100 %	895.3	100 %
Intercompany Elimination	-	-	0.0	0 %	-0.1	0 %	-32.5	-3.6 %
Consolidated Total	320.1	100 %	230.1	100 %	243.0	100 %	862.7	96.4 %
Exchange Rate: TWD to USD	31.497037		33.023867		31.543497		32.848802
Total Revenue   USD (mil)
	31-Dec-10		31-Dec-09		31-Dec-08		31-Dec-07
Textile	289.8	90.5 %	187.2	81.4 %	209.0	86 %	852.2	95.2 %
Construction	30.3	9.5 %	42.8	18.6 %	31.0	12.7 %	32.6	3.6 %
Investment & Other	-	-	0.0	0 %	3.1	1.3 %	10.4	1.2 %
Segment Total	320.1	100 %	230.1	100 %	243.0	100 %	895.3	100 %
Intercompany Elimination	-	-	0.0	0 %	-0.1	0 %	-32.5	-3.6 %
Consolidated Total	320.1	100 %	230.1	100 %	243.0	100 %	862.7	96.4 %
Exchange Rate: TWD to USD	31.497037		33.023867		31.543497		32.848802

Depreciation   USD (mil)
	31-Dec-10		31-Dec-09				31-Dec-08			31-Dec-07
Textile	11.8	99.9 %	11.8		99.9 %		15.0		99.8 %	43.2		99.8 %
Construction	-	-	0.0		0 %		0.0		0 %	0.1		0.2 %
Investment & Other	0.0	0.1 %	0.0		0.1 %		0.0		0.2 %	-		-
Segment Total	11.8	100 %	11.8		100 %		15.0		100 %	43.3		100 %
Intercompany Elimination	-	-	0.0		0 %		0.0		0 %	-		-
Consolidated Total	11.8	100 %	11.8		100 %		15.0		100 %	43.3		100 %
Exchange Rate: TWD to USD	31.497037		33.023867				31.543497			32.848802
Operating Income/Loss   USD (mil)
				31-Dec-10				31-Dec-09
Textile				37.4		76.1 %		14.8			57.1 %
Construction				11.7		23.9 %		11.2			42.9 %
Segment Total				49.2		100 %		26.0			100 %
Consolidated Total				49.2		100 %		26.0			100 %
Exchange Rate: TWD to USD				31.497037				33.023867

Operating Margin (%)
			31-Dec-10			31-Dec-09
Textile			12.9		-	7.9	-
Construction			38.8		-	26.1	-
Segment Total			15.4		-	11.3	-
Consolidated Total			15.4		-	11.3	-
Income Before Tax   USD (mil)
	31-Dec-09			31-Dec-08		31-Dec-07
Textile	14.8	57.1 %		10.3	62.5 %	48.0	86 %
Construction	11.2	42.9 %		5.3	32.1 %	4.5	8.1 %
Investment & Other	0.0	0 %		0.9	5.3 %	3.3	5.9 %
Segment Total	26.0	100 %		16.5	100 %	55.9	100 %
Intercompany Elimination	0.0	0 %		-0.1	-0.4 %	-0.7	-1.2 %
Corporate Expense/Other	-4.0	-15.4 %		-34.3	-208.5 %	-38.2	-68.4 %
Consolidated Total	22.0	84.6 %		16.4	99.6 %	17.0	30.4 %
Exchange Rate: TWD to USD	33.023867			31.543497		32.848802

Pre-Tax Margin (%)
			31-Dec-09		31-Dec-08				31-Dec-07
Textile			7.9	-	4.9		-		5.6		-
Construction			26.1	-	17.1		-		13.9		-
Investment & Other			-	-	28.2		-		31.6		-
Segment Total			11.3	-	6.8		-		6.2		-
Intercompany Elimination			-	-	83.0		-		2.1		-
Consolidated Total			9.6	-	6.8		-		2.0		-
Total Assets   USD (mil)
	31-Dec-10		31-Dec-09		31-Dec-08			31-Dec-07
Textile	238.8	64.2 %	168.4	63.2 %	126.6	47.3 %		143.7		53.4 %
Construction	120.2	32.3 %	94.5	35.5 %	136.9	51.1 %		116.0		43.1 %
Investment & Other	12.7	3.4 %	3.3	1.3 %	4.2	1.6 %		9.5		3.5 %
Segment Total	371.8	100 %	266.2	100 %	267.8	100 %		269.2		100 %
Intercompany Elimination	-	-	-2.1	-0.8 %	-1.8	-0.7 %		-0.2		-0.1 %
Corporate Expense/Other	196.3	52.8 %	136.3	51.2 %	130.5	48.8 %		172.6		64.1 %
Consolidated Total	568.0	152.8 %	400.4	150.4 %	396.5	148.1 %		441.6		164 %
Exchange Rate: TWD to USD	29.156500		31.985000		32.818000			32.434500

Operating Return on Assets (%)
				31-Dec-10				31-Dec-09
Textile				16.9		-		9.1	-
Construction				10.6		-		12.2	-
Segment Total				14.3		-		10.1	-
Consolidated Total				9.4		-		6.7	-
Purchase of Fixed Assets   USD (mil)
	31-Dec-10		31-Dec-09			31-Dec-08		31-Dec-07
Textile	26.1	100 %	8.1		100 %	6.8	100 %	36.3	100 %
Construction	-	-	0.0		0 %	0.0	0 %	-	-
Investment & Other	-	-	-		-	0.0	0 %	-	-
Segment Total	26.1	100 %	8.1		100 %	6.8	100 %	36.3	100 %
Intercompany Elimination	-	-	0.0		0 %	0.0	0 %	-	-
Consolidated Total	26.1	100 %	8.1		100 %	6.8	100 %	36.3	100 %
Exchange Rate: TWD to USD	31.497037		33.023867			31.543497		32.848802

Business Segments

Financials in: As Reported (mil)

Interim

External Revenue   USD (mil)
	31-Mar-11		31-Mar-10
Silk Mill	76.5	45.5 %	57.5	57.5 %
Chemical Fibre Factory	78.1	46.4 %	36.6	36.6 %
Construction	13.6	8.1 %	5.9	5.9 %
Segment Total	168.2	100 %	100.0	100 %
Intercompany Eliminations	-44.4	-26.4 %	-30.7	-30.7 %
Consolidated Total	123.7	73.6 %	69.4	69.3 %
Exchange Rate: TWD to USD	29.305764		31.921093
Total Revenue   USD (mil)
	31-Mar-11		31-Mar-10
Silk Mill	76.5	45.5 %	57.5	57.5 %
Chemical Fibre Factory	78.1	46.4 %	36.6	36.6 %
Construction	13.6	8.1 %	5.9	5.9 %
Segment Total	168.2	100 %	100.0	100 %
Intercompany Eliminations	-44.4	-26.4 %	-30.7	-30.7 %
Consolidated Total	123.7	73.6 %	69.4	69.3 %
Exchange Rate: TWD to USD	29.305764		31.921093

Operating Income/Loss   USD (mil)
	31-Mar-11		31-Mar-10
Silk Mill	5.8	29.8 %	2.3	33.5 %
Chemical Fibre Factory	8.2	42.3 %	2.8	39.7 %
Construction	5.4	27.9 %	1.9	27 %
Investment & Other	0.0	0 %	0.0	-0.2 %
Segment Total	19.4	100 %	7.0	100 %
Consolidated Total	19.4	100 %	7.0	100 %
Exchange Rate: TWD to USD	29.305764		31.921093
Operating Margin (%)
	31-Mar-11		31-Mar-10
Silk Mill	7.5	-	4.1	-
Chemical Fibre Factory	10.5	-	7.6	-
Construction	39.9	-	32.1	-
Segment Total	11.5	-	7.0	-
Consolidated Total	15.7	-	10.1	-

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.01
UK Pound	1	Rs.75.42
Euro	1	Rs.66.69

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.