MIRA INFORM REPORT

Report Date :

26.09.2011

IDENTIFICATION DETAILS

Name :	TAIWAN PROSPERITY CHEMICAL CORPORATION
Registered Office :	9F, 113 Chung-Shan North Road Sec. 2, Taipei
Country :	Taiwan
Financials (as on) :	31.12.2010
Date of Incorporation :	28.05.1991
Legal Form :	Public Independent
Line of Business :	Manufacture of other organic basic chemicals

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

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

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

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

Company name and address

Taiwan Prosperity Chemical Corporation

9F, 113 Chung-Shan North Road
Sec. 2,
Taipei,
Taiwan
Tel:	886-2-25633228
Fax:	886-2-23635181
www.taiwancement.com

Employees:

172

Company Type:

Public Independent

Traded:

Taiwan Stock Exchange:

4725

Incorporation Date:

28-May-1991

Auditor:

Deloitte & Touche LLP

Financials in:	USD (mil)
Fiscal Year End:	31-Dec-2010
Reporting Currency:	Taiwanese New Dollar
Annual Sales:	810.5 ^1
Net Income:	110.0
Total Assets:	568.5 ^2
Market Value:	1,069.6
	(09-Sep-2011)

Business Description

Taiwan Prosperity Chemical Corporation is principally engaged in the production, processing and distribution of petrochemical products. The Company provides isopropyl benzene, phenol, acetone, bisphenol and cyclohexanone. Its products are applied in the manufacture of phenol, acetone productions, phenolic resins, salicylic acid, organic solvents, epoxide resins, flame retardants, vibrins and organic solvents. During the year ended December 31, 2010, the Company obtained approximately 93.21% of its revenue from its phenol businesses. The Company distributes its products in the domestic and overseas markets. For the fiscal year ended 31 December 2010, Taiwan Prosperity Chemical Corporation's total revenue increased 76% to NT$25.53B. The Company's net income increased from NT$457.0M to NT$3.46B. Total revenues reflect an increase in the Company's sales due to favorable market demand and effective marketing strategy. Net income also benefited from higher interest income, higher gains on sale investments.

Industry

Industry	Chemical Manufacturing
ANZSIC 2006:	1812 - Basic Organic Chemical Manufacturing
NACE 2002:	2414 - Manufacture of other organic basic chemicals
NAICS 2002:	32511 - Petrochemical Manufacturing
UK SIC 2003:	2414 - Manufacture of other organic basic chemicals
US SIC 1987:	2869 - Industrial Organic Chemicals, Not Elsewhere Classified

Key Executives

Name	Title
Weixiong Yin	Deputy General Manager
Cheng-yun Ku	Chief Executive Officer - CEO
Ching-tien Wu	Manager
Chengyun Gu	Chairman of the Board
Fulong Chen	General Manager, Director

Significant Developments

Topic	#*	Most Recent Headline	Date
Regulatory	1	Taiwan Prosperity Chemical Corporation Receives Fines	17-Jun-2011
Dividends	2	Taiwan Prosperity Chemical Corporation Announces FY 2010 Dividend Payment Date	22-Jun-2011

* number of significant developments within the last 12 months

Financial Summary

As of 30-Jun-2011

Key Ratios	Company	Industry
Current Ratio (MRQ)	1.48	2.18
Quick Ratio (MRQ)	1.31	1.35
Debt to Equity (MRQ)	0.55	0.82
Sales 5 Year Growth	15.80	6.26
Net Profit Margin (TTM) %	14.94	10.56
Return on Assets (TTM) %	26.00	8.26
Return on Equity (TTM) %	55.06	22.07

Stock Snapshot

Traded: Taiwan Stock Exchange: 4725

As of 9-Sep-2011

   Financials in: TWD

Recent Price	107.00	EPS	11.90
52 Week High	154.00	Price/Sales	1.22
52 Week Low	68.80	Dividend Rate	8.31
Avg. Volume (mil)	4.02	Price/Earnings	8.18
Market Value (mil)	31,241.32	Price/Book	3.44
		Beta	1.82

	Price % Change	Rel S&P 500%
4 Week	-9.32%	-9.00%
13 Week	-13.01%	1.02%
52 Week	53.30%	57.83%
Year to Date	25.29%	47.71%

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
9F, 113 Chung-Shan North Road
Sec. 2,
Taipei, Taiwan

Tel:	886-2-25633228
Fax:	886-2-23635181

www.taiwancement.com

Quote Symbol - Exchange
4725 - Taiwan Stock Exchange
Sales TWD(mil):	25,529.2
Assets TWD(mil):	16,575.1
Employees:	172
Fiscal Year End:	31-Dec-2010

KeyID^SM:	45981946
Industry:	Chemical Manufacturing

Incorporation Date:	28-May-1991
Company Type:	Public Independent
Quoted Status:	Quoted

Chairman of the Board:	Chengyun Gu

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:
1812	-	Basic Organic Chemical Manufacturing

NACE 2002 Codes:
2414	-	Manufacture of other organic basic chemicals

NAICS 2002 Codes:
32511	-	Petrochemical Manufacturing

US SIC 1987:
2869	-	Industrial Organic Chemicals, Not Elsewhere Classified

UK SIC 2003:
2414	-	Manufacture of other organic basic chemicals

Business Description

Taiwan Prosperity Chemical Corporation is principally engaged in the production, processing and distribution of petrochemical products. The Company provides isopropyl benzene, phenol, acetone, bisphenol and cyclohexanone. Its products are applied in the manufacture of phenol, acetone productions, phenolic resins, salicylic acid, organic solvents, epoxide resins, flame retardants, vibrins and organic solvents. During the year ended December 31, 2010, the Company obtained approximately 93.21% of its revenue from its phenol businesses. The Company distributes its products in the domestic and overseas markets. For the fiscal year ended 31 December 2010, Taiwan Prosperity Chemical Corporation's total revenue increased 76% to NT$25.53B. The Company's net income increased from NT$457.0M to NT$3.46B. Total revenues reflect an increase in the Company's sales due to favorable market demand and effective marketing strategy. Net income also benefited from higher interest income, higher gains on sale investments.

More Business Descriptions

Production of petrochemical products including isopropyl benzene

Establishments primarily engaged in manufacturing industrial organic chemicals, not elsewhere classified. Important products of this industry include: (1) aliphatic and other acyclic organic chemicals, such as ethylene, butylene, and butadiene; acetic, chloroacetic, adipic, formic, oxalic, and tartaric acids and their metallic salts; chloral, formaldehyde, and methylamine; (2) solvents, such as amyl, butyl, and ethyl alcohols; methanol; amyl, butyl, and ethyl acetates; ethyl ether, ethylene glycol ether, and diethylene glycol ether; acetone, carbon disulfide and chlorinated solvents, such as carbon tetrachloride, perchloroethylene, and trichloroethylene; (3) polyhydric alcohols, such as ethylene glycol, sorbitol, pentaerythritol, synthetic glycerin; (4) synthetic perfume and flavoring materials, such as coumarin, methyl salicylate, saccharin, citral, citronellal, synthetic geraniol, ionone, terpineol, and synthetic vanillin; (5) rubber processing chemicals, such as accelerators and antioxidants, both cyclic and acyclic; (6) plasticizers, both cyclic and acyclic, such as esters of phosphoric acid, phthalic anhydride, adipic acid, lauric acid, oleic acid, sebacic acid, and stearic acid; (7) synthetic tanning agents, such as naphthalene sulfonic acid condensates; (8) chemical warfare gases; and (9) esters, amines, etc., of polyhydric alcohols and fatty and other acids.

Financial Data

Financials in:	TWD(mil)
Revenue:	25,529.2
Net Income:	3,464.7
Assets:	16,575.1
Long Term Debt:	2,924.9
Total Liabilities:	7,491.6
Working Capital:	1.6
Date of Financial Data:	31-Dec-2010

1 Year Growth

76.3%

658.2%

42.2%

Market Data

Quote Symbol:	4725
Exchange:	Taiwan Stock Exchange
Currency:	TWD
Stock Price:	107.0
Stock Price Date:	09-09-2011
52 Week Price Change %:	53.3
Market Value (mil):	31,241,320.0
SEDOL:	B1FLSN3
ISIN:	TW0004725007
Equity and Dept Distribution:
10/2007, Exchange changed from Gre Tai Securities Market to Taiwan Stock Exchange. FY'09, Q1, B/S is being CLA.

Key Corporate Relationships

Auditor:	Deloitte & Touche LLP
Bank:	Mega Int'l Commercial Bank Co Ltd
Auditor:	Deloitte & Touche Co, Deloitte & Touche LLP, Deloitte & Touche

Executives Report

Board of Directors

Name	Title	Function
Chengyun Gu	Chairman of the Board	Chairman
Gu Chenyun has been serving as Chairman of the Board in Taiwan Prosperity Chemical Corporation since April 29, 1991. Gu holds a Master's degree in Corporate Management from University of Pennsylvania's Wharton School, the United States. Gu also serves as Chairman of the Board in six other companies, including China Synthetic Rubber Corporation, Ta-Ho Maritime Corporation, E-ONE MOLI ENERGY CORP. and Taiwan Cement Corporation, as well as Director in another company. Education MBA , The Wharton School of the University of Pennsylvania
Guoyu Cai	Director	Director/Board Member
Cai Guoyu has been Director of Taiwan Prosperity Chemical Corporation since October 26, 2010. Currently, Cai also serves as Director in another company.
Fulong Chen	General Manager, Director	Director/Board Member
Chen Fulong has been serving as General Manager and Director in Taiwan Prosperity Chemical Corporation since April 19, 1991. Chen also serves as Director in China Synthetic Rubber Corporation and TCC Chemical Corporation.
Shaoheng Hong	Independent Director	Director/Board Member
Hong Shaoheng has been serving as Independent Director in Taiwan Prosperity Chemical Corporation since January 22, 2007. Hong holds a Master's degree in Law from American University, the United States. Education M Law, American University
Renhe Jiao	Independent Director	Director/Board Member
Jiao Renhe has been serving as Independent Director in Taiwan Prosperity Chemical Corporation since Januray 22, 2007. Jiao holds a Ph.D. in Law from Ohio Northern University, the United States. Jiao is Professor of Chinese Culture University, Taiwan. Education JD , Ohio Northern University
Boyuan Wang	Independent Director	Director/Board Member
Wang Boyuan has been serving as Independent Director in Taiwan Prosperity Chemical Corporation since January 22, 2007. Wang is also Chairman of the Board in two other companies, including SerComm Corporation. Wang received a Bachelor's degree from National Taiwan University and a Ph.D from Carnegie Mellon University, the United States. Education PHD , Carnegie Mellon University M , Carnegie Mellon University B , National Taiwan University
Qimei Wang	Director	Director/Board Member
Wang Qimei has been serving as Director in Taiwan Prosperity Chemical Corporation since April 29, 1991. Wang also serves as Director in three other companies, including China Synthetic Rubber Corporation and Ta-Ho Maritime Corporation, Senior Deputy General Manager in Taiwan Cement Corporation.
Anping Zhang	Director	Director/Board Member
Zhang Anping has been Director in Taiwan Prosperity Chemical Corporation since April 29, 1991. Zhang holds a Master's degree in Corporate Management from University of New York, the United States. Zhang also serves as Vice Chairman of the Board in two other cement companies, Managing Director in a company, as well as Executive Chairman of the Board in another company. Education MBA , New York University

Executives

Name	Title	Function
Cheng-yun Ku	Chief Executive Officer - CEO	Chief Executive Officer
Fulong Chen	General Manager, Director	Division Head Executive
Chen Fulong has been serving as General Manager and Director in Taiwan Prosperity Chemical Corporation since April 19, 1991. Chen also serves as Director in China Synthetic Rubber Corporation and TCC Chemical Corporation.
Li-chien Lu	Vice General Manager	Division Head Executive
Wei-jen Kao	Company Director	Other
Hsi-chin Tsai	Company Director	Other
Chi-mei Wang	Company Director	Other
Ko-shun Wang	Company Director	Other
Tung-lin Weng	Company Director	Other
Ching-tien Wu	Manager	Other
Weixiong Yin	Deputy General Manager	Other
Yin Weixiong has been Deputy General Manager of Taiwan Prosperity Chemical Corporation since May 10, 2011. Currently, Yin also serves as Director in other companies, including Ta-Ho Maritime Corporation. Yin received a Master's degree.

Significant Developments

Taiwan Prosperity Chemical Corporation Announces FY 2010 Dividend Payment Date

Jun 22, 2011

Prosperity Chemical Corporation announced that it will pay cash dividends of NTD 2,426,312,250 in total to shareholders of record on July 19, 2011. The Company's shares will be traded ex-dividend on July 13, 2011.

Taiwan Prosperity Chemical Corporation Receives Fines

Jun 17, 2011

Taiwan Prosperity Chemical Corporation announced that it was imposed a fine of NTD 100,000 for its factory's violation of Air Pollution Control Act, and also another fine of NTD 100,000, due to the factory's violation of Volatile Organic Compounds (VOC) Air Pollution Control and Emission Standards, and Air Pollution Control Act.

Taiwan Prosperity Chemical Corporation Announces FY 2010 Dividend Payment

Apr 20, 2011

Prosperity Chemical Corporation announced that it will pay a cash dividend of NTD 8.31 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	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 with Explanation
Gross Revenue	810.6	438.4	527.1	558.0	410.8
Sales Returns and Allowances	0.0	0.0	-0.6	-0.5	-0.3
Revenue	810.5	438.4	526.6	557.5	410.5
Total Revenue	810.5	438.4	526.6	557.5	410.5
Cost of Revenue	657.5	414.4	513.9	449.6	374.5
Cost of Revenue, Total	657.5	414.4	513.9	449.6	374.5
Gross Profit	153.0	24.0	12.7	107.9	36.0
Selling/General/Administrative Expense	18.8	10.7	9.5	9.6	8.4
Total Selling/General/Administrative Expenses	18.8	10.7	9.5	9.6	8.4
Research & Development	1.7	0.8	0.9	1.0	1.2
Impairment-Assets Held for Use	0.4	-	-	-	-
Unusual Expense (Income)	0.4	-	-	-	-
Total Operating Expense	678.3	426.0	524.4	460.3	384.1
Operating Income	132.2	12.4	2.2	97.2	26.4
Interest Expense - Non-Operating	-1.3	-0.6	-1.1	-1.0	-1.2
Interest Expense, Net Non-Operating	-1.3	-0.6	-1.1	-1.0	-1.2
Interest Income - Non-Operating	0.1	0.0	0.1	0.2	0.1
Investment Income - Non-Operating	-1.8	1.4	0.6	0.4	-0.7
Interest/Investment Income - Non-Operating	-1.7	1.4	0.8	0.6	-0.6
Interest Income (Expense) - Net Non-Operating Total	-3.0	0.8	-0.3	-0.4	-1.8
Other Non-Operating Income (Expense)	-0.1	1.5	-0.4	-0.2	0.1
Other, Net	-0.1	1.5	-0.4	-0.2	0.1
Income Before Tax	129.1	14.7	1.5	96.6	24.6
Total Income Tax	19.1	0.9	-2.5	23.3	7.4
Income After Tax	110.0	13.8	4.0	73.3	17.2
Net Income Before Extraord Items	110.0	13.8	4.0	73.3	17.2
Net Income	110.0	13.8	4.0	73.3	17.2
Income Available to Common Excl Extraord Items	110.0	13.8	4.0	73.3	17.2
Income Available to Common Incl Extraord Items	110.0	13.8	4.0	73.3	17.2
Basic/Primary Weighted Average Shares	292.0	292.0	292.0	274.7	269.0
Basic EPS Excl Extraord Items	0.38	0.05	0.01	0.27	0.06
Basic/Primary EPS Incl Extraord Items	0.38	0.05	0.01	0.27	0.06
Diluted Net Income	110.0	13.8	4.0	73.3	17.2
Diluted Weighted Average Shares	292.1	292.2	292.0	274.7	269.0
Diluted EPS Excl Extraord Items	0.38	0.05	0.01	0.27	0.06
Diluted EPS Incl Extraord Items	0.38	0.05	0.01	0.27	0.06
Dividends per Share - Common Stock Primary Issue	0.26	0.03	0.01	0.20	0.05
Gross Dividends - Common Stock	77.0	9.0	2.9	57.8	12.4
Interest Expense, Supplemental	1.3	0.6	1.1	1.0	1.2
Interest Capitalized, Supplemental	-0.6	-1.1	-	-	-
Depreciation, Supplemental	21.9	14.3	14.2	10.5	12.5
Total Special Items	0.4	-	-	-	-
Normalized Income Before Tax	129.5	14.7	1.5	96.6	24.6
Effect of Special Items on Income Taxes	0.1	-	-	-	-
Inc Tax Ex Impact of Sp Items	19.1	0.9	-2.5	23.3	7.4
Normalized Income After Tax	110.4	13.8	4.0	73.3	17.2
Normalized Inc. Avail to Com.	110.4	13.8	4.0	73.3	17.2
Basic Normalized EPS	0.38	0.05	0.01	0.27	0.06
Diluted Normalized EPS	0.38	0.05	0.01	0.27	0.06
Amort of Intangibles, Supplemental	-	-	0.9	-	-
Research & Development Exp, Supplemental	1.7	0.8	0.9	1.0	1.2
Normalized EBIT	132.6	12.4	2.2	97.2	26.4
Normalized EBITDA	154.5	26.7	17.4	107.8	38.8
Current Tax - Total	16.8	1.0	0.9	23.9	4.5
Current Tax - Total	16.8	1.0	0.9	23.9	4.5
Deferred Tax - Total	2.3	0.0	-3.3	-0.1	0.6
Deferred Tax - Total	2.3	0.0	-3.3	-0.1	0.6
Other Tax	0.0	-0.1	-0.1	-0.5	2.4
Income Tax - Total	19.1	0.9	-2.5	23.3	7.4
Interest Cost - Domestic	0.1	0.1	0.1	0.1	0.1
Service Cost - Domestic	0.1	0.2	0.3	0.3	0.3
Expected Return on Assets - Domestic	0.0	0.0	0.0	0.0	0.0
Other Pension, Net - Domestic	0.0	0.0	0.0	0.0	0.0
Domestic Pension Plan Expense	0.2	0.3	0.4	0.5	0.5
Defined Contribution Expense - Domestic	0.1	0.1	0.1	0.1	0.1
Total Pension Expense	0.4	0.4	0.5	0.6	0.5
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	2.00%	2.00%	2.00%	2.00%	2.50%
Total Plan Interest Cost	0.1	0.1	0.1	0.1	0.1
Total Plan Service Cost	0.1	0.2	0.3	0.3	0.3
Total Plan Expected Return	0.0	0.0	0.0	0.0	0.0
Total Plan Other Expense	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	Reclassified Normal 31-Dec-2007
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 with Explanation
Cash & Equivalents	40.9	8.5	5.3	11.6	12.5
Short Term Investments	131.1	19.2	8.0	119.3	26.7
Cash and Short Term Investments	172.0	27.7	13.4	130.9	39.2
Accounts Receivable - Trade, Gross	60.7	38.6	18.8	50.4	42.6
Provision for Doubtful Accounts	-0.8	-0.5	-0.2	-0.6	-0.5
Trade Accounts Receivable - Net	77.3	50.3	19.6	63.5	53.1
Other Receivables	6.8	6.3	6.0	-	-
Total Receivables, Net	84.1	56.6	25.6	63.5	53.1
Inventories - Finished Goods	26.1	12.6	13.6	14.0	7.7
Inventories - Work In Progress	-	-	-	-	1.0
Inventories - Raw Materials	10.8	6.6	1.4	7.0	6.2
Inventories - Other	-	-	-	0.0	-0.5
Total Inventory	36.9	19.1	14.9	21.0	14.5
Prepaid Expenses	6.1	10.1	8.9	4.1	4.3
Deferred Income Tax - Current Asset	0.5	0.6	3.3	0.2	-
Other Current Assets	2.8	3.0	4.7	2.8	2.3
Other Current Assets, Total	3.3	3.6	8.1	3.0	2.3
Total Current Assets	302.4	117.1	70.9	222.5	113.3
Buildings	4.4	4.0	4.9	4.9	4.9
Land/Improvements	30.8	28.0	27.0	27.3	27.2
Machinery/Equipment	449.4	330.9	274.0	250.7	242.6
Construction in Progress	31.2	95.2	91.5	24.9	2.6
Other Property/Plant/Equipment	9.9	-	-	-	-
Property/Plant/Equipment - Gross	525.6	458.2	397.3	307.8	277.3
Accumulated Depreciation	-273.6	-227.4	-208.0	-196.6	-185.3
Property/Plant/Equipment - Net	252.0	230.8	189.3	111.1	92.1
Deferred Charges	10.6	11.3	5.7	4.2	2.4
Pension Benefits - Overfunded	-	-	-	0.0	0.1
Deferred Income Tax - Long Term Asset	0.8	2.9	0.0	-	-
Other Long Term Assets	2.7	2.4	0.5	0.5	0.5
Other Long Term Assets, Total	14.1	16.5	6.2	4.7	2.9
Total Assets	568.5	364.5	266.4	338.3	208.3
Accounts Payable	49.8	40.4	4.6	39.5	25.2
Accrued Expenses	12.0	5.4	2.7	5.8	5.7
Notes Payable/Short Term Debt	37.7	17.2	49.2	18.2	0.0
Current Portion - Long Term Debt/Capital Leases	30.1	-	-	0.8	0.0
Income Taxes Payable	18.1	1.0	0.0	21.4	7.0
Other Payables	2.4	3.8	12.7	12.5	1.5
Other Current Liabilities	1.6	0.2	0.2	0.3	0.1
Other Current liabilities, Total	22.2	5.1	12.9	34.2	8.7
Total Current Liabilities	151.8	68.1	69.3	98.5	39.6
Long Term Debt	95.4	114.4	40.5	13.1	24.6
Capital Lease Obligations	4.9	-	-	-	-
Total Long Term Debt	100.3	114.4	40.5	13.1	24.6
Total Debt	168.1	131.6	89.7	32.1	24.6
Pension Benefits - Underfunded	4.5	4.1	3.9	3.7	3.3
Other Long Term Liabilities	0.4	0.3	0.3	0.1	0.0
Other Liabilities, Total	4.9	4.5	4.2	3.9	3.3
Total Liabilities	256.9	187.0	114.0	115.5	67.5
Common Stock	100.1	91.3	89.0	90.0	82.5
Common Stock	100.1	91.3	89.0	90.0	82.5
Additional Paid-In Capital	23.7	21.6	21.0	21.3	-
Retained Earnings (Accumulated Deficit)	187.7	72.1	59.1	117.7	56.4
Unrealized Gain (Loss)	0.0	-7.5	-16.7	-6.2	1.8
Total Equity	311.5	177.5	152.4	222.8	140.7
Total Liabilities & Shareholders’ Equity	568.5	364.5	266.4	338.3	208.3
Shares Outstanding - Common Stock Primary Issue	292.0	292.0	292.0	292.0	269.0
Total Common Shares Outstanding	292.0	292.0	292.0	292.0	269.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	-
Employees	180	172	173	164	162
Number of Common Shareholders	7,225	4,797	4,751	3,673	15
Total Long Term Debt, Supplemental	31.2	-	-	-	-
Long Term Debt Maturing within 1 Year	31.2	-	-	-	-
Long Term Debt Matur. in Year 6 & Beyond	0.0	-	-	-	-
Interest Costs	-1.2	-	-	-	-
Total Capital Leases, Supplemental	6.0	-	-	-	-
Capital Lease Payments Due in Year 1	1.5	-	-	-	-
Capital Lease Payments Due in Year 2	1.5	-	-	-	-
Capital Lease Payments Due in Year 3	1.5	-	-	-	-
Capital Lease Payments Due in Year 4	1.5	-	-	-	-
Capital Lease Payments Due in Year 5	1.1	-	-	-	-
Capital Lease Payments Due in 2-3 Years	3.0	-	-	-	-
Capital Lease Payments Due in 4-5 Years	2.6	-	-	-	-
Cap. Lease Pymts. Due in Year 6 & Beyond	-1.2	-	-	-	-
Pension Obligation - Domestic	5.2	4.9	4.6	4.6	4.7
Plan Assets - Domestic	0.0	0.1	0.6	0.5	0.5
Funded Status - Domestic	-5.2	-4.9	-4.0	-4.0	-4.3
Accumulated Obligation - Domestic	4.2	3.9	3.6	3.8	3.8
Total Funded Status	-5.2	-4.9	-4.0	-4.0	-4.3
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	2.00%	2.00%	2.00%	2.00%	2.50%
Prepaid Benefits - Domestic	-	-	-	0.0	0.1
Accrued Liabilities - Domestic	-4.5	-4.1	-3.9	-3.7	-3.3
Net Assets Recognized on Balance Sheet	-4.5	-4.1	-3.9	-3.7	-3.3
Total Plan Obligations	5.2	4.9	4.6	4.6	4.7
Total Plan Assets	0.0	0.1	0.6	0.5	0.5

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	Reclassified Normal 31-Dec-2007
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 with Explanation
Net Income/Starting Line	110.0	13.8	4.0	73.3	17.2
Depreciation	21.9	14.3	14.2	10.5	12.5
Depreciation/Depletion	21.9	14.3	14.2	10.5	12.5
Deferred Taxes	2.3	0.0	-3.3	-0.1	0.6
Unusual Items	0.3	0.1	5.4	0.1	-0.1
Other Non-Cash Items	2.8	0.8	0.5	0.6	1.1
Non-Cash Items	3.1	0.9	5.9	0.8	1.0
Accounts Receivable	-20.6	-29.6	45.3	-10.1	-18.1
Inventories	-14.7	-3.7	-0.2	-7.8	0.0
Prepaid Expenses	4.6	-0.9	-5.1	0.2	-1.2
Other Assets	-94.0	1.8	95.8	-98.2	0.5
Accounts Payable	4.8	35.3	-35.1	13.9	10.7
Accrued Expenses	5.7	2.5	-3.2	0.1	-0.6
Taxes Payable	15.7	1.0	-22.0	14.1	1.1
Other Liabilities	0.2	0.2	0.0	0.6	-3.8
Changes in Working Capital	-98.3	6.6	75.6	-87.2	-11.4
Cash from Operating Activities	39.0	35.6	96.4	-2.6	19.7
Purchase of Fixed Assets	-17.0	-59.5	-97.2	-18.2	-28.0
Capital Expenditures	-17.0	-59.5	-97.2	-18.2	-28.0
Sale/Maturity of Investment	0.4	-	-	-	-
Purchase of Investments	-0.3	-	-	-	-
Other Investing Cash Flow	-0.8	-8.8	-2.6	-2.5	-0.1
Other Investing Cash Flow Items, Total	-0.7	-8.8	-2.6	-2.5	-0.1
Cash from Investing Activities	-17.7	-68.3	-99.7	-20.7	-28.1
Other Financing Cash Flow	0.0	0.0	-3.2	-0.6	0.0
Financing Cash Flow Items	0.0	0.0	-3.2	-0.6	0.0
Cash Dividends Paid - Common	-9.5	-2.7	-60.2	-12.3	0.0
Total Cash Dividends Paid	-9.5	-2.7	-60.2	-12.3	0.0
Sale/Issuance of Common	-	-	0.0	28.0	0.0
Common Stock, Net	-	-	0.0	28.0	0.0
Issuance (Retirement) of Stock, Net	-	-	0.0	28.0	0.0
Short Term Debt Issued	17.4	-	32.4	18.0	-
Short Term Debt Reduction	0.0	-32.2	-	0.0	-20.7
Short Term Debt, Net	17.4	-32.2	32.4	18.0	-20.7
Long Term Debt Issued	0.0	70.6	27.9	-	24.6
Long Term Debt Reduction	-	-	-	-10.7	-
Long Term Debt, Net	0.0	70.6	27.9	-10.7	24.6
Issuance (Retirement) of Debt, Net	17.4	38.4	60.3	7.3	3.8
Cash from Financing Activities	7.9	35.7	-3.1	22.4	3.8
Net Change in Cash	29.3	2.9	-6.4	-0.9	-4.5
Net Cash - Beginning Balance	8.6	5.3	11.9	12.4	17.0
Net Cash - Ending Balance	37.9	8.2	5.6	11.5	12.5
Cash Interest Paid	1.3	0.6	1.0	0.9	1.2
Cash Taxes Paid	1.0	0.0	29.1	9.3	6.3

Annual Income Statement

Financials in: USD (mil)

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

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	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	Unqualified
Gross Sales	810.6	438.4	527.1	558.0	410.8
Sales Returns & Discounts	0.0	0.0	-0.6	-0.5	-0.3
Total Revenue	810.5	438.4	526.6	557.5	410.5
Cost of Sales	657.5	414.4	513.9	449.5	374.5
Selling Expenses	13.4	8.7	8.0	7.5	6.7
General and Administrative Expenses	5.4	2.0	1.9	2.1	1.7
Research and Development Expenses	1.7	0.8	0.9	1.0	1.2
Gain on Reversal of Bad Debt	-	0.0	-0.5	-	-
Inventory Devaluation & Obsolescence	-	-	-	0.1	-
Impairment Loss	0.4	-	-	-	-
Total Operating Expense	678.3	426.0	524.4	460.3	384.1
Interest Income	0.1	0.0	0.1	0.2	0.1
Dividend Income	-	0.0	0.3	-	-
Gain on Sale of Investments	0.1	0.0	0.9	0.3	0.0
Revaluation Gain on Financial Assets	0.3	1.2	0.0	0.2	-
Miscellaneous Income	1.3	1.9	0.1	0.1	0.2
Interest Expense	-1.3	-0.6	-1.1	-1.0	-1.2
Loss on Financial Assets Revaluation	-	-	-	-0.1	0.0
Foreign Exchange Gains	0.0	0.1	-0.5	-0.2	-0.7
Foreign Exchange Losses	-2.1	-	-	-	-
Miscellaneous Disbursements	-1.4	-0.4	-0.5	-0.3	-0.1
Net Income Before Taxes	129.1	14.7	1.5	96.6	24.6
Provision for Income Taxes	19.1	0.9	-2.5	23.3	7.4
Net Income After Taxes	110.0	13.8	4.0	73.3	17.2
Net Income Before Extra. Items	110.0	13.8	4.0	73.3	17.2
Net Income	110.0	13.8	4.0	73.3	17.2
Income Available to Com Excl ExtraOrd	110.0	13.8	4.0	73.3	17.2
Income Available to Com Incl ExtraOrd	110.0	13.8	4.0	73.3	17.2
Basic Weighted Average Shares	292.0	292.0	292.0	274.7	269.0
Basic EPS Excluding ExtraOrdinary Items	0.38	0.05	0.01	0.27	0.06
Basic EPS Including ExtraOrdinary Items	0.38	0.05	0.01	0.27	0.06
Diluted Net Income	110.0	13.8	4.0	73.3	17.2
Diluted Weighted Average Shares	292.1	292.2	292.0	274.7	269.0
Diluted EPS Excluding ExtraOrd Items	0.38	0.05	0.01	0.27	0.06
Diluted EPS Including ExtraOrd Items	0.38	0.05	0.01	0.27	0.06
DPS-Common Stock	0.26	0.03	0.01	0.20	0.05
Gross Dividends - Common Stock	77.0	9.0	2.9	57.8	12.4
Normalized Income Before Taxes	129.5	14.7	1.5	96.6	24.6
Inc Tax Ex Impact of Sp Items	19.1	0.9	-2.5	23.3	7.4
Normalized Income After Taxes	110.4	13.8	4.0	73.3	17.2
Normalized Inc. Avail to Com.	110.4	13.8	4.0	73.3	17.2
Basic Normalized EPS	0.38	0.05	0.01	0.27	0.06
Diluted Normalized EPS	0.38	0.05	0.01	0.27	0.06
Interest Expense, Supplemental	1.3	0.6	1.1	1.0	1.2
Interest Capitalized, Supplemental	-0.6	-1.1	-	-	-
R&D Expense, Supplemental	1.7	0.8	0.9	1.0	1.2
Depreciation - Operating Cost	21.8	14.3	14.2	10.5	12.4
Depreciation - Operating Expense	0.1	0.0	0.0	0.0	0.0
Amortization - Operating Cost	-	-	0.9	-	-
Amortization - Operating Expense	-	-	0.1	-	-
Current Tax	16.8	1.0	0.9	23.9	4.5
Current Tax - Total	16.8	1.0	0.9	23.9	4.5
Deferred Tax	2.3	0.0	-3.3	-0.1	0.6
Deferred Tax - Total	2.3	0.0	-3.3	-0.1	0.6
Other Tax	0.0	-0.1	-0.1	-0.5	2.4
Income Tax - Total	19.1	0.9	-2.5	23.3	7.4
Service Cost	0.1	0.2	0.3	0.3	0.3
Interest Cost	0.1	0.1	0.1	0.1	0.1
Expected Return on Assets	0.0	0.0	0.0	0.0	0.0
Amortization	0.0	0.0	0.0	0.0	0.0
Domestic Pension Plan Expense	0.2	0.3	0.4	0.5	0.5
Defined Contribution Expense - Domestic	0.1	0.1	0.1	0.1	0.1
Total Pension Expense	0.4	0.4	0.5	0.6	0.5
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	2.00%	2.50%
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	Reclassified Normal 31-Dec-2007
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	Unqualified
Cash and Cash Equivalent	40.9	8.5	5.3	11.6	12.5
Financial Assets-Fair Value,Current	103.2	1.3	0.0	100.4	-
Financial Assets for Sale	27.9	17.9	8.0	18.9	26.7
Accounts&Notes Receivable, Gross	60.7	38.6	18.8	50.4	42.6
Provision for Doubtful Accounts	-0.8	-0.5	-0.2	-0.6	-0.5
Accounts Receivable - Related Parties	17.4	12.2	1.0	13.8	11.1
Other Receivables	6.8	6.3	6.0	-	-
Finished Goods	26.1	12.6	13.6	14.0	7.7
Work-in-Process	-	-	-	-	1.0
Raw Materials	10.8	6.6	1.4	7.0	4.8
Supplies	-	-	-	-	1.4
Provision/Allowance for Inventory	-	-	-	0.0	-0.5
Prepayment for Materials	6.1	10.1	8.9	4.1	4.3
Deferred Income Tax Assets - Current	0.5	0.6	3.3	0.2	-
Other Current Assets	2.8	3.0	4.7	2.8	2.3
Total Current Assets	302.4	117.1	70.9	222.5	113.3
Land	30.8	28.0	27.0	27.3	27.2
Buildings and Structures	4.4	4.0	4.9	4.9	4.9
Machinery and Equipment	442.3	324.9	268.1	244.8	236.7
Leased Assets	9.9	-	-	-	-
Miscellaneous Equipment	7.0	6.1	5.9	5.9	5.9
Accumulated Depreciation	-273.1	-227.4	-208.0	-196.6	-185.3
Accumulated Impairment on Fixed Assets	-0.5	-	-	-	-
Construct. in Progress & Equip. Prepay	31.2	95.2	91.5	24.9	2.6
Deferred Pension Cost	-	-	-	0.0	0.1
Deferred Charges	10.6	11.3	5.7	4.2	2.4
Deferred Income Tax Assets	0.8	2.9	0.0	-	-
Other Long Term Assets	2.7	2.4	0.5	0.5	0.5
Total Assets	568.5	364.5	266.4	338.3	208.3
Short Term Borrowings	37.7	17.2	40.1	18.2	0.0
Short Term Notes & Bills Payable	-	0.0	9.1	-	-
Accounts Payable	49.2	39.8	4.6	38.1	23.8
Accounts Payable - Related Parties	0.6	0.6	0.0	1.3	1.4
Income Tax Payable	18.1	1.0	0.0	21.4	7.0
Accrued Expenses	12.0	5.4	2.7	5.8	5.7
Other Payables,Related Parties	1.2	1.4	0.7	-	-
Current Portion of Long Term Debt	30.1	-	-	0.8	0.0
Equipment Payable	1.2	2.4	12.0	12.5	1.5
Other Current Liabilities	1.6	0.2	0.2	0.3	0.1
Total Current Liabilities	151.8	68.1	69.3	98.5	39.6
Long Term Borrowings	95.4	114.4	40.5	13.1	24.6
Lease Payable	4.9	-	-	-	-
Total Long Term Debt	100.3	114.4	40.5	13.1	24.6
Accrued Pension Liabilities	4.5	4.1	3.9	3.7	3.3
Long Term Security Deposits Received	0.4	0.3	0.3	0.1	0.0
Total Liabilities	256.9	187.0	114.0	115.5	67.5
Common Stock	100.1	91.3	89.0	90.0	82.5
Additional Paid-In Capital	23.7	21.6	21.0	21.3	-
Legal Reserve	24.3	20.7	19.8	12.6	10.8
Special Reserve	8.2	17.2	6.1	-	-
Retained Earnings	155.3	34.2	33.2	105.1	45.6
Unrealized G/L on Fin. Assets	0.0	-7.5	-16.7	-6.2	1.8
Total Equity	311.5	177.5	152.4	222.8	140.7
Total Liabilities & Shareholders' Equity	568.5	364.5	266.4	338.3	208.3
S/O-Common Stock	292.0	292.0	292.0	292.0	269.0
Total Common Shares Outstanding	292.0	292.0	292.0	292.0	269.0
T/S-Common Stock	0.0	0.0	0.0	0.0	-
Full-Time Employees	180	172	173	164	162
Number of Common Shareholders	7,225	4,797	4,751	3,673	15
Current maturities	31.2	-	-	-	-
Total Long Term Debt, Supplemental	31.2	-	-	-	-
Capital Lease Payments Due within 1 Year	1.5	-	-	-	-
Capital Lease Payments Due in Year 2	1.5	-	-	-	-
Capital Lease Payments Due in Year 3	1.5	-	-	-	-
Capital Lease Payments Due in Year 4	1.5	-	-	-	-
Capital Lease Payments Due in Year 5	1.1	-	-	-	-
Unrealized Interest Cost	-1.2	-	-	-	-
Total Capital Leases	6.0	-	-	-	-
Accumulated Benefit Obligation	4.2	3.9	3.6	3.8	3.8
Benefit Obligation	5.2	4.9	4.6	4.6	4.7
Fair Value of Plan Assets	0.0	0.1	0.6	0.5	0.5
Funded Status	-5.2	-4.9	-4.0	-4.0	-4.3
Total Funded Status	-5.2	-4.9	-4.0	-4.0	-4.3
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	2.00%	2.50%
Expected Rate of Return on Plan Assets	2.00%	2.00%	2.75%	2.75%	2.75%
Deferred Pension Cost	-	-	-	0.0	0.1
Accrued Pension Liabilities	-4.5	-4.1	-3.9	-3.7	-3.3
Net Assets Recognized on Balance Sheet	-4.5	-4.1	-3.9	-3.7	-3.3

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
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	Unqualified
Net Income	110.0	13.8	4.0	73.3	17.2
Depreciation	21.9	14.3	14.2	10.5	12.5
Deferred Charges	2.9	1.7	0.9	0.7	0.9
Provision of Bad Debts	0.2	0.3	-0.5	0.1	0.2
Gain/Loss on Financial Asset Revaluation	-0.3	-1.2	0.0	-0.2	0.0
Prov./Reversal for Inventory Devaluation	-	-	6.3	0.1	-0.1
Loss on Sale of Investments	-0.1	0.0	-0.9	-	-
Impairment Loss on Assets	0.4	-	-	-	-
Net Loss on Disposal of Properties	0.0	0.1	-	-	-
Deferred Tax	2.3	0.0	-3.3	-0.1	0.6
Financial Assets at Fair Value	-93.9	0.0	104.1	-98.9	-
Notes & Accounts Receivable	-17.0	-18.7	32.2	-13.5	-11.5
Accounts Receivable - Related Parties	-3.8	-10.8	13.1	3.4	-6.7
Inventories	-14.7	-3.7	-0.2	-7.8	0.0
Other Receivables	0.1	-0.1	-	-	-
Other Financial Assets	-	-	-6.2	-	-
Prepayment	4.6	-0.9	-5.1	0.2	-1.2
Other Current Assets	0.0	1.8	-2.0	0.7	0.5
Accounts Payable	5.1	34.0	-34.4	14.0	10.4
Accounts Payable - Related Parties	-0.1	0.6	-0.7	-0.1	0.3
Tax Payable	15.7	1.0	-22.0	14.1	1.1
Accrued Expenses	5.7	2.5	-3.2	0.1	-0.6
Other Payable - Related Parties	-0.3	0.7	-	-	-
Other Current Liabilities	0.2	0.1	-0.2	0.2	-4.2
Accrued Pension Liabilities	0.0	0.1	0.2	0.4	0.4
Cash from Operating Activities	39.0	35.6	96.4	-2.6	19.7
Purchase of Financial Assets for Sale	-0.3	-	-	-	-
Disposal of Financial Assets for Sale	0.4	-	-	-	-
Capital Expenditure	-17.0	-59.5	-97.2	-18.2	-28.0
Deferred Charges	-0.8	-6.9	-2.6	-2.5	-0.1
Other Assets	0.0	-1.9	-	0.0	0.0
Cash from Investing Activities	-17.7	-68.3	-99.7	-20.7	-28.1
Short Term Borrowings Increase	17.4	-	23.0	18.0	-
Short Term Borrowings Decrease	-	-23.2	-	-	-13.1
Short Term Notes Increase	-	-	9.5	-	-
Repayment of ST Notes	0.0	-9.0	-	0.0	-7.7
Long Term Borrowings Increase	0.0	70.6	27.9	-	24.6
Long Term Borrowings Decrease	-	-	-	-10.7	-
Employees Bonus/Directors Remuneration	-	0.0	-3.3	-0.8	0.0
Cash Dividend - Common Stock	-9.5	-2.7	-60.2	-12.3	0.0
Security Deposit	0.0	0.0	0.1	-	-
Other Liabilities	-	-	0.0	0.1	0.0
Cash Capital	-	-	0.0	28.0	0.0
Cash from Financing Activities	7.9	35.7	-3.1	22.4	3.8
Net Change in Cash	29.3	2.9	-6.4	-0.9	-4.5
Net Cash - Beginning Balance	8.6	5.3	11.9	12.4	17.0
Net Cash - Ending Balance	37.9	8.2	5.6	11.5	12.5
Cash Interest Paid	1.3	0.6	1.0	0.9	1.2
Cash Taxes Paid	1.0	0.0	29.1	9.3	6.3

Financial Health

Financials in: USD (mil)

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

Key Indicators USD (mil)
Â	Quarter Ending 30-Jun-2011	Quarter Ending Yr Ago	Annual Year End 31-Dec-2010	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	259.8	17.75%	810.5	76.35%	11.71%	15.80%
Research & Development1	0.3	33.65%	1.7	88.35%	14.86%	41.10%
Operating Income1	42.3	22.91%	132.2	916.47%	9.23%	27.23%
Income Available to Common Excl Extraord Items1	32.5	20.10%	110.0	658.17%	12.90%	30.71%
Basic EPS Excl Extraord Items1	0.11	20.10%	0.38	658.18%	10.63%	28.59%
Capital Expenditures2	5.8	-37.05%	17.0	-72.74%	-3.51%	-11.98%
Cash from Operating Activities2	53.8	105.25%	39.0	4.58%	-	-7.52%
Free Cash Flow	48.7	181.91%	23.7	-	-	-2.89%
Total Assets3	658.4	42.94%	568.5	42.19%	14.74%	23.57%
Total Liabilities3	359.0	54.95%	256.9	25.28%	26.00%	33.27%
Total Long Term Debt3	86.0	-27.10%	100.3	-20.08%	90.21%	-
Employees3	-	-	180	4.65%	3.15%	1.88%
Total Common Shares Outstanding3	292.0	0.00%	292.0	0.00%	0.00%	1.65%
1-ExchangeRate: TWD to USD Average for Period	28.855204	Â	31.497037	Â	Â	Â
2-ExchangeRate: TWD to USD Average for Period	29.074238	Â	31.497037	Â	Â	Â
3-ExchangeRate: TWD to USD Period End Date	28.723500	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	10.6	11.3	5.7	4.2	2.4
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	18.88%	5.47%	2.41%	19.35%	8.76%
Operating Margin	16.31%	2.83%	0.42%	17.44%	6.42%
Pretax Margin	15.92%	3.36%	0.29%	17.34%	6.00%
Net Profit Margin	13.57%	3.16%	0.76%	13.15%	4.19%
Financial Strength
Current Ratio	1.99	1.72	1.02	2.26	2.86
Long Term Debt/Equity	0.32	0.64	0.27	0.06	0.17
Total Debt/Equity	0.54	0.74	0.59	0.14	0.17
Management Effectiveness
Return on Assets	24.54%	4.48%	1.27%	27.12%	8.91%
Return on Equity	46.94%	8.56%	2.05%	40.76%	13.06%
Efficiency
Receivables Turnover	11.98	10.93	11.45	9.66	9.28
Inventory Turnover	24.53	24.84	27.71	25.65	25.92
Asset Turnover	1.81	1.42	1.69	2.06	2.13

Market Valuation USD (mil)
P/E (TTM)	7.48	.	Enterprise Value2	1,014.7
Price/Sales (TTM)	1.12	.	Enterprise Value/Revenue (TTM)	1.04
Price/Book (MRQ)	3.63	.	Enterprise Value/EBITDA (TTM)	4.99
Market Cap as of 09-Sep-20111	1,069.6	.
1-ExchangeRate: TWD to USD on 9-Sep-2011	29.208500
2-ExchangeRate: TWD to USD on 30-Jun-2011	28.723500

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	1.99	1.72	1.02	2.26	2.86
Quick/Acid Test Ratio	1.69	1.24	0.56	1.97	2.33
Working Capital1	150.7	49.0	1.6	124.0	73.7
Long Term Debt/Equity	0.32	0.64	0.27	0.06	0.17
Total Debt/Equity	0.54	0.74	0.59	0.14	0.17
Long Term Debt/Total Capital	0.21	0.37	0.17	0.05	0.15
Total Debt/Total Capital	0.35	0.43	0.37	0.13	0.15
Payout Ratio	70.03%	65.17%	69.83%	74.16%	72.20%
Effective Tax Rate	14.77%	6.04%	-162.49%	24.16%	30.22%
Total Capital1	479.6	309.1	242.1	254.9	165.3
Efficiency
Asset Turnover	1.81	1.42	1.69	2.06	2.13
Inventory Turnover	24.53	24.84	27.71	25.65	25.92
Days In Inventory	14.88	14.70	13.17	14.23	14.08
Receivables Turnover	11.98	10.93	11.45	9.66	9.28
Days Receivables Outstanding	30.46	33.41	31.87	37.78	39.34
Revenue/Employee2	4,864,395	2,631,425	2,925,608	3,442,869	2,529,348
Operating Income/Employee2	793,308	74,453	12,352	600,552	162,480
EBITDA/Employee2	924,777	160,497	96,580	665,615	239,203
Profitability
Gross Margin	18.88%	5.47%	2.41%	19.35%	8.76%
Operating Margin	16.31%	2.83%	0.42%	17.44%	6.42%
EBITDA Margin	19.01%	6.10%	3.30%	19.33%	9.46%
EBIT Margin	16.31%	2.83%	0.42%	17.44%	6.42%
Pretax Margin	15.92%	3.36%	0.29%	17.34%	6.00%
Net Profit Margin	13.57%	3.16%	0.76%	13.15%	4.19%
R&D Expense/Revenue	0.20%	0.19%	0.18%	0.19%	0.29%
COGS/Revenue	81.12%	94.53%	97.59%	80.65%	91.24%
SG&A Expense/Revenue	2.32%	2.45%	1.80%	1.72%	2.05%
Management Effectiveness
Return on Assets	24.54%	4.48%	1.27%	27.12%	8.91%
Return on Equity	46.94%	8.56%	2.05%	40.76%	13.06%
Valuation
Free Cash Flow/Share2	0.08	-0.08	0.00	-0.07	-0.03
Operating Cash Flow/Share 2	0.14	0.13	0.32	-0.01	0.07
1-ExchangeRate: TWD to USD Period End Date	29.1565	31.985	32.818	32.4345	32.585
2-ExchangeRate: TWD to USD Average for Period	29.1565	31.985	32.818	32.4345	32.585

Current Market Multiples
Market Cap/Earnings (TTM)	7.48
Market Cap/Equity (MRQ)	3.63
Market Cap/Revenue (TTM)	1.12
Market Cap/EBIT (TTM)	6.20
Market Cap/EBITDA (TTM)	5.35
Enterprise Value/Earnings (TTM)	6.98
Enterprise Value/Equity (MRQ)	3.39
Enterprise Value/Revenue (TTM)	1.04
Enterprise Value/EBIT (TTM)	5.78
Enterprise Value/EBITDA (TTM)	4.99

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	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 with Explanation
Gross Revenue	810.6	438.4	527.1	558.0	410.8
Sales Returns and Allowances	0.0	0.0	-0.6	-0.5	-0.3
Revenue	810.5	438.4	526.6	557.5	410.5
Total Revenue	810.5	438.4	526.6	557.5	410.5
Cost of Revenue	657.5	414.4	513.9	449.6	374.5
Cost of Revenue, Total	657.5	414.4	513.9	449.6	374.5
Gross Profit	153.0	24.0	12.7	107.9	36.0
Selling/General/Administrative Expense	18.8	10.7	9.5	9.6	8.4
Total Selling/General/Administrative Expenses	18.8	10.7	9.5	9.6	8.4
Research & Development	1.7	0.8	0.9	1.0	1.2
Impairment-Assets Held for Use	0.4	-	-	-	-
Unusual Expense (Income)	0.4	-	-	-	-
Total Operating Expense	678.3	426.0	524.4	460.3	384.1
Operating Income	132.2	12.4	2.2	97.2	26.4
Interest Expense - Non-Operating	-1.3	-0.6	-1.1	-1.0	-1.2
Interest Expense, Net Non-Operating	-1.3	-0.6	-1.1	-1.0	-1.2
Interest Income - Non-Operating	0.1	0.0	0.1	0.2	0.1
Investment Income - Non-Operating	-1.8	1.4	0.6	0.4	-0.7
Interest/Investment Income - Non-Operating	-1.7	1.4	0.8	0.6	-0.6
Interest Income (Expense) - Net Non-Operating Total	-3.0	0.8	-0.3	-0.4	-1.8
Other Non-Operating Income (Expense)	-0.1	1.5	-0.4	-0.2	0.1
Other, Net	-0.1	1.5	-0.4	-0.2	0.1
Income Before Tax	129.1	14.7	1.5	96.6	24.6
Total Income Tax	19.1	0.9	-2.5	23.3	7.4
Income After Tax	110.0	13.8	4.0	73.3	17.2
Net Income Before Extraord Items	110.0	13.8	4.0	73.3	17.2
Net Income	110.0	13.8	4.0	73.3	17.2
Income Available to Common Excl Extraord Items	110.0	13.8	4.0	73.3	17.2
Income Available to Common Incl Extraord Items	110.0	13.8	4.0	73.3	17.2
Basic/Primary Weighted Average Shares	292.0	292.0	292.0	274.7	269.0
Basic EPS Excl Extraord Items	0.38	0.05	0.01	0.27	0.06
Basic/Primary EPS Incl Extraord Items	0.38	0.05	0.01	0.27	0.06
Diluted Net Income	110.0	13.8	4.0	73.3	17.2
Diluted Weighted Average Shares	292.1	292.2	292.0	274.7	269.0
Diluted EPS Excl Extraord Items	0.38	0.05	0.01	0.27	0.06
Diluted EPS Incl Extraord Items	0.38	0.05	0.01	0.27	0.06
Dividends per Share - Common Stock Primary Issue	0.26	0.03	0.01	0.20	0.05
Gross Dividends - Common Stock	77.0	9.0	2.9	57.8	12.4
Interest Expense, Supplemental	1.3	0.6	1.1	1.0	1.2
Interest Capitalized, Supplemental	-0.6	-1.1	-	-	-
Depreciation, Supplemental	21.9	14.3	14.2	10.5	12.5
Total Special Items	0.4	-	-	-	-
Normalized Income Before Tax	129.5	14.7	1.5	96.6	24.6
Effect of Special Items on Income Taxes	0.1	-	-	-	-
Inc Tax Ex Impact of Sp Items	19.1	0.9	-2.5	23.3	7.4
Normalized Income After Tax	110.4	13.8	4.0	73.3	17.2
Normalized Inc. Avail to Com.	110.4	13.8	4.0	73.3	17.2
Basic Normalized EPS	0.38	0.05	0.01	0.27	0.06
Diluted Normalized EPS	0.38	0.05	0.01	0.27	0.06
Amort of Intangibles, Supplemental	-	-	0.9	-	-
Research & Development Exp, Supplemental	1.7	0.8	0.9	1.0	1.2
Normalized EBIT	132.6	12.4	2.2	97.2	26.4
Normalized EBITDA	154.5	26.7	17.4	107.8	38.8
Current Tax - Total	16.8	1.0	0.9	23.9	4.5
Current Tax - Total	16.8	1.0	0.9	23.9	4.5
Deferred Tax - Total	2.3	0.0	-3.3	-0.1	0.6
Deferred Tax - Total	2.3	0.0	-3.3	-0.1	0.6
Other Tax	0.0	-0.1	-0.1	-0.5	2.4
Income Tax - Total	19.1	0.9	-2.5	23.3	7.4
Interest Cost - Domestic	0.1	0.1	0.1	0.1	0.1
Service Cost - Domestic	0.1	0.2	0.3	0.3	0.3
Expected Return on Assets - Domestic	0.0	0.0	0.0	0.0	0.0
Other Pension, Net - Domestic	0.0	0.0	0.0	0.0	0.0
Domestic Pension Plan Expense	0.2	0.3	0.4	0.5	0.5
Defined Contribution Expense - Domestic	0.1	0.1	0.1	0.1	0.1
Total Pension Expense	0.4	0.4	0.5	0.6	0.5
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	2.00%	2.00%	2.00%	2.00%	2.50%
Total Plan Interest Cost	0.1	0.1	0.1	0.1	0.1
Total Plan Service Cost	0.1	0.2	0.3	0.3	0.3
Total Plan Expected Return	0.0	0.0	0.0	0.0	0.0
Total Plan Other Expense	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

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	28.855204	29.305764	30.350199	31.911435	31.824532
Gross Revenue	259.8	235.3	221.9	214.3	200.1
Sales Returns and Allowances	0.0	0.0	0.0	0.0	0.0
Revenue	259.8	235.3	221.9	214.3	200.1
Total Revenue	259.8	235.3	221.9	214.3	200.1
Cost of Revenue	211.6	190.3	170.2	168.9	163.8
Cost of Revenue, Total	211.6	190.3	170.2	168.9	163.8
Gross Profit	48.2	44.9	51.7	45.4	36.3
Selling/General/Administrative Expense	5.6	5.2	3.9	6.3	4.9
Total Selling/General/Administrative Expenses	5.6	5.2	3.9	6.3	4.9
Research & Development	0.3	0.5	0.1	0.5	0.2
Impairment-Assets Held for Use	-	-	0.4	-	-
Unusual Expense (Income)	-	-	0.4	-	-
Total Operating Expense	217.5	196.0	174.6	175.7	168.9
Operating Income	42.3	39.2	47.2	38.7	31.2
Interest Expense - Non-Operating	-0.6	-0.5	-0.5	-0.4	-0.2
Interest Expense, Net Non-Operating	-0.6	-0.5	-0.5	-0.4	-0.2
Interest Income - Non-Operating	0.1	-	0.0	0.0	0.0
Investment Income - Non-Operating	-0.6	0.9	-0.9	-0.6	-0.4
Interest/Investment Income - Non-Operating	-0.6	0.9	-0.9	-0.6	-0.4
Interest Income (Expense) - Net Non-Operating Total	-1.1	0.3	-1.3	-1.0	-0.6
Other Non-Operating Income (Expense)	0.6	0.1	0.3	-0.4	0.1
Other, Net	0.6	0.1	0.3	-0.4	0.1
Income Before Tax	41.7	39.7	46.2	37.2	30.6
Total Income Tax	9.2	5.0	5.4	6.3	6.1
Income After Tax	32.5	34.7	40.8	30.9	24.5
Net Income Before Extraord Items	32.5	34.7	40.8	30.9	24.5
Net Income	32.5	34.7	40.8	30.9	24.5
Income Available to Common Excl Extraord Items	32.5	34.7	40.8	30.9	24.5
Income Available to Common Incl Extraord Items	32.5	34.7	40.8	30.9	24.5
Basic/Primary Weighted Average Shares	292.0	292.0	292.0	292.0	292.0
Basic EPS Excl Extraord Items	0.11	0.12	0.14	0.11	0.08
Basic/Primary EPS Incl Extraord Items	0.11	0.12	0.14	0.11	0.08
Diluted Net Income	32.5	34.7	40.8	30.9	24.5
Diluted Weighted Average Shares	292.0	292.0	292.4	292.0	292.0
Diluted EPS Excl Extraord Items	0.11	0.12	0.14	0.11	0.08
Diluted EPS Incl Extraord Items	0.11	0.12	0.14	0.11	0.08
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.27	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	79.9	0.0	0.0
Interest Expense, Supplemental	0.6	0.5	0.5	0.4	0.2
Interest Capitalized, Supplemental	-0.1	-0.1	-0.1	-0.1	-0.2
Depreciation, Supplemental	7.0	6.7	6.7	6.3	4.6
Total Special Items	-	-	0.4	-	-
Normalized Income Before Tax	41.7	39.7	46.6	37.2	30.6
Effect of Special Items on Income Taxes	-	-	0.1	-	-
Inc Tax Ex Impact of Sp Items	9.2	5.0	5.4	6.3	6.1
Normalized Income After Tax	32.5	34.7	41.2	30.9	24.5
Normalized Inc. Avail to Com.	32.5	34.7	41.2	30.9	24.5
Basic Normalized EPS	0.11	0.12	0.14	0.11	0.08
Diluted Normalized EPS	0.11	0.12	0.14	0.11	0.08
Research & Development Exp, Supplemental	0.3	0.5	0.1	0.5	0.2
Normalized EBIT	42.3	39.2	47.7	38.7	31.2
Normalized EBITDA	49.4	45.9	54.4	44.9	35.8
Current Tax - Total	-	5.1	6.2	5.8	3.2
Current Tax - Total	-	5.1	6.2	5.8	3.2
Deferred Tax - Total	-	-0.1	-0.8	0.4	2.9
Deferred Tax - Total	-	-0.1	-0.8	0.4	2.9
Other Tax	-	-	0.0	0.0	0.0
Income Tax - Total	-	5.0	5.4	6.3	6.1
Other Pension, Net - Domestic	-	0.1	0.1	0.1	0.0
Domestic Pension Plan Expense	-	0.1	0.1	0.1	0.0
Defined Contribution Expense - Domestic	-	0.0	0.0	0.0	0.0
Total Pension Expense	-	0.1	0.1	0.1	0.1
Total Plan Other Expense	-	0.1	0.1	0.1	0.0

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	Reclassified Normal 31-Dec-2007
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 with Explanation
Cash & Equivalents	40.9	8.5	5.3	11.6	12.5
Short Term Investments	131.1	19.2	8.0	119.3	26.7
Cash and Short Term Investments	172.0	27.7	13.4	130.9	39.2
Accounts Receivable - Trade, Gross	60.7	38.6	18.8	50.4	42.6
Provision for Doubtful Accounts	-0.8	-0.5	-0.2	-0.6	-0.5
Trade Accounts Receivable - Net	77.3	50.3	19.6	63.5	53.1
Other Receivables	6.8	6.3	6.0	-	-
Total Receivables, Net	84.1	56.6	25.6	63.5	53.1
Inventories - Finished Goods	26.1	12.6	13.6	14.0	7.7
Inventories - Work In Progress	-	-	-	-	1.0
Inventories - Raw Materials	10.8	6.6	1.4	7.0	6.2
Inventories - Other	-	-	-	0.0	-0.5
Total Inventory	36.9	19.1	14.9	21.0	14.5
Prepaid Expenses	6.1	10.1	8.9	4.1	4.3
Deferred Income Tax - Current Asset	0.5	0.6	3.3	0.2	-
Other Current Assets	2.8	3.0	4.7	2.8	2.3
Other Current Assets, Total	3.3	3.6	8.1	3.0	2.3
Total Current Assets	302.4	117.1	70.9	222.5	113.3
Buildings	4.4	4.0	4.9	4.9	4.9
Land/Improvements	30.8	28.0	27.0	27.3	27.2
Machinery/Equipment	449.4	330.9	274.0	250.7	242.6
Construction in Progress	31.2	95.2	91.5	24.9	2.6
Other Property/Plant/Equipment	9.9	-	-	-	-
Property/Plant/Equipment - Gross	525.6	458.2	397.3	307.8	277.3
Accumulated Depreciation	-273.6	-227.4	-208.0	-196.6	-185.3
Property/Plant/Equipment - Net	252.0	230.8	189.3	111.1	92.1
Deferred Charges	10.6	11.3	5.7	4.2	2.4
Pension Benefits - Overfunded	-	-	-	0.0	0.1
Deferred Income Tax - Long Term Asset	0.8	2.9	0.0	-	-
Other Long Term Assets	2.7	2.4	0.5	0.5	0.5
Other Long Term Assets, Total	14.1	16.5	6.2	4.7	2.9
Total Assets	568.5	364.5	266.4	338.3	208.3
Accounts Payable	49.8	40.4	4.6	39.5	25.2
Accrued Expenses	12.0	5.4	2.7	5.8	5.7
Notes Payable/Short Term Debt	37.7	17.2	49.2	18.2	0.0
Current Portion - Long Term Debt/Capital Leases	30.1	-	-	0.8	0.0
Income Taxes Payable	18.1	1.0	0.0	21.4	7.0
Other Payables	2.4	3.8	12.7	12.5	1.5
Other Current Liabilities	1.6	0.2	0.2	0.3	0.1
Other Current liabilities, Total	22.2	5.1	12.9	34.2	8.7
Total Current Liabilities	151.8	68.1	69.3	98.5	39.6
Long Term Debt	95.4	114.4	40.5	13.1	24.6
Capital Lease Obligations	4.9	-	-	-	-
Total Long Term Debt	100.3	114.4	40.5	13.1	24.6
Total Debt	168.1	131.6	89.7	32.1	24.6
Pension Benefits - Underfunded	4.5	4.1	3.9	3.7	3.3
Other Long Term Liabilities	0.4	0.3	0.3	0.1	0.0
Other Liabilities, Total	4.9	4.5	4.2	3.9	3.3
Total Liabilities	256.9	187.0	114.0	115.5	67.5
Common Stock	100.1	91.3	89.0	90.0	82.5
Common Stock	100.1	91.3	89.0	90.0	82.5
Additional Paid-In Capital	23.7	21.6	21.0	21.3	-
Retained Earnings (Accumulated Deficit)	187.7	72.1	59.1	117.7	56.4
Unrealized Gain (Loss)	0.0	-7.5	-16.7	-6.2	1.8
Total Equity	311.5	177.5	152.4	222.8	140.7
Total Liabilities & Shareholders’ Equity	568.5	364.5	266.4	338.3	208.3
Shares Outstanding - Common Stock Primary Issue	292.0	292.0	292.0	292.0	269.0
Total Common Shares Outstanding	292.0	292.0	292.0	292.0	269.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	-
Employees	180	172	173	164	162
Number of Common Shareholders	7,225	4,797	4,751	3,673	15
Total Long Term Debt, Supplemental	31.2	-	-	-	-
Long Term Debt Maturing within 1 Year	31.2	-	-	-	-
Long Term Debt Matur. in Year 6 & Beyond	0.0	-	-	-	-
Interest Costs	-1.2	-	-	-	-
Total Capital Leases, Supplemental	6.0	-	-	-	-
Capital Lease Payments Due in Year 1	1.5	-	-	-	-
Capital Lease Payments Due in Year 2	1.5	-	-	-	-
Capital Lease Payments Due in Year 3	1.5	-	-	-	-
Capital Lease Payments Due in Year 4	1.5	-	-	-	-
Capital Lease Payments Due in Year 5	1.1	-	-	-	-
Capital Lease Payments Due in 2-3 Years	3.0	-	-	-	-
Capital Lease Payments Due in 4-5 Years	2.6	-	-	-	-
Cap. Lease Pymts. Due in Year 6 & Beyond	-1.2	-	-	-	-
Pension Obligation - Domestic	5.2	4.9	4.6	4.6	4.7
Plan Assets - Domestic	0.0	0.1	0.6	0.5	0.5
Funded Status - Domestic	-5.2	-4.9	-4.0	-4.0	-4.3
Accumulated Obligation - Domestic	4.2	3.9	3.6	3.8	3.8
Total Funded Status	-5.2	-4.9	-4.0	-4.0	-4.3
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	2.00%	2.00%	2.00%	2.00%	2.50%
Prepaid Benefits - Domestic	-	-	-	0.0	0.1
Accrued Liabilities - Domestic	-4.5	-4.1	-3.9	-3.7	-3.3
Net Assets Recognized on Balance Sheet	-4.5	-4.1	-3.9	-3.7	-3.3
Total Plan Obligations	5.2	4.9	4.6	4.6	4.7
Total Plan Assets	0.0	0.1	0.6	0.5	0.5

Interim Balance Sheet

Standardized

Financials in: USD (mil)

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

Financial Glossary

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	28.7235	29.4065	29.1565	31.2415	32.1315
Cash & Equivalents	82.1	58.0	40.9	31.6	14.8
Short Term Investments	155.1	151.1	131.1	36.7	16.5
Cash and Short Term Investments	237.1	209.1	172.0	68.3	31.3
Accounts Receivable - Trade, Gross	101.8	80.8	60.7	69.5	64.7
Provision for Doubtful Accounts	-1.0	-1.1	-0.8	-1.1	-0.8
Trade Accounts Receivable - Net	102.4	103.1	77.3	88.6	81.7
Notes Receivable - Short Term	-	-	-	-	0.0
Other Receivables	0.0	6.7	6.8	6.4	6.1
Total Receivables, Net	102.4	109.8	84.1	94.9	87.8
Inventories - Finished Goods	30.3	18.1	26.1	13.9	24.6
Inventories - Raw Materials	16.0	17.7	10.8	11.9	9.6
Total Inventory	46.3	35.8	36.9	25.8	34.3
Prepaid Expenses	7.6	5.5	6.1	5.9	9.0
Deferred Income Tax - Current Asset	0.7	0.5	0.5	0.4	0.8
Other Current Assets	3.4	2.9	2.8	3.1	2.7
Other Current Assets, Total	4.2	3.5	3.3	3.5	3.5
Total Current Assets	397.7	363.7	302.4	198.5	165.9
Buildings	4.7	4.4	4.4	4.1	4.0
Land/Improvements	31.2	30.5	30.8	28.7	27.9
Machinery/Equipment	481.7	446.0	449.4	419.4	330.1
Construction in Progress	11.0	32.6	31.2	26.5	97.0
Other Property/Plant/Equipment	10.0	9.8	9.9	9.2	8.9
Property/Plant/Equipment - Gross	538.5	523.3	525.6	487.9	468.0
Accumulated Depreciation	-291.6	-277.9	-273.6	-248.4	-235.3
Property/Plant/Equipment - Net	247.0	245.4	252.0	239.5	232.7
Deferred Charges	10.4	11.5	10.6	10.7	10.7
Pension Benefits - Overfunded	-	-	-	-	0.0
Deferred Income Tax - Long Term Asset	0.8	0.8	0.8	0.0	0.0
Other Long Term Assets	2.6	2.5	2.7	2.2	2.5
Other Long Term Assets, Total	13.8	14.8	14.1	12.9	13.2
Total Assets	658.4	623.9	568.5	450.8	411.8
Accounts Payable	69.9	64.6	49.8	51.9	49.2
Accrued Expenses	13.1	11.9	12.0	11.3	7.7
Notes Payable/Short Term Debt	47.7	42.7	37.7	0.0	9.2
Current Portion - Long Term Debt/Capital Leases	30.6	29.9	30.1	14.1	13.7
Dividends Payable	84.5	-	-	-	9.3
Income Taxes Payable	17.3	23.0	18.1	10.9	4.8
Other Payables	3.5	3.9	2.4	1.9	2.0
Other Current Liabilities	1.3	1.4	1.6	1.5	1.2
Other Current liabilities, Total	106.6	28.3	22.2	14.3	17.3
Total Current Liabilities	267.9	177.3	151.8	91.5	97.1
Long Term Debt	81.5	94.6	95.4	103.1	100.2
Capital Lease Obligations	4.4	4.6	4.9	5.3	5.2
Total Long Term Debt	86.0	99.2	100.3	108.4	105.4
Total Debt	164.2	171.7	168.1	122.5	128.3
Pension Benefits - Underfunded	4.6	4.5	4.5	4.3	4.2
Other Long Term Liabilities	0.6	0.4	0.4	0.4	0.4
Other Liabilities, Total	5.2	4.9	4.9	4.7	4.6
Total Liabilities	359.0	281.4	256.9	204.6	207.1
Common Stock	101.7	99.3	100.1	93.5	90.9
Common Stock	101.7	99.3	100.1	93.5	90.9
Additional Paid-In Capital	24.0	23.5	23.7	22.1	21.5
Retained Earnings (Accumulated Deficit)	174.1	220.7	187.7	135.6	101.1
Unrealized Gain (Loss)	-0.3	-0.9	0.0	-4.9	-8.8
Total Equity	299.5	342.5	311.5	246.2	204.7
Total Liabilities & Shareholders’ Equity	658.4	623.9	568.5	450.8	411.8
Shares Outstanding - Common Stock Primary Issue	292.0	292.0	292.0	292.0	292.0
Total Common Shares Outstanding	292.0	292.0	292.0	292.0	292.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	172	180	173	172
Total Long Term Debt, Supplemental	-	29.9	31.2	14.1	13.7
Long Term Debt Maturing within 1 Year	-	29.9	31.2	14.1	13.7
Long Term Debt Matur. in Year 6 & Beyond	-	0.0	0.0	0.0	0.0
Interest Costs	-	-1.0	-1.2	-1.1	-1.2
Total Capital Leases, Supplemental	-	5.7	6.0	5.9	6.0
Capital Lease Payments Due in Year 1	-	1.1	1.5	0.4	0.7
Capital Lease Payments Due in Year 2	-	1.5	1.5	1.4	1.4
Capital Lease Payments Due in Year 3	-	1.5	1.5	1.4	1.4
Capital Lease Payments Due in Year 4	-	1.5	1.5	1.4	1.4
Capital Lease Payments Due in Year 5	-	1.1	1.1	1.4	1.4
Capital Lease Payments Due in Year 6	-	-	-	1.1	1.0
Capital Lease Payments Due in 2-3 Years	-	3.0	3.0	2.8	2.7
Capital Lease Payments Due in 4-5 Years	-	2.6	2.6	2.8	2.7
Cap. Lease Pymts. Due in Year 6 & Beyond	-	-1.0	-1.2	-0.1	-0.2
Accrued Liabilities - Domestic	-4.6	-4.5	-4.5	-4.3	-4.2
Net Assets Recognized on Balance Sheet	-4.6	-4.5	-4.5	-4.3	-4.2

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	Reclassified Normal 31-Dec-2007
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 with Explanation
Net Income/Starting Line	110.0	13.8	4.0	73.3	17.2
Depreciation	21.9	14.3	14.2	10.5	12.5
Depreciation/Depletion	21.9	14.3	14.2	10.5	12.5
Deferred Taxes	2.3	0.0	-3.3	-0.1	0.6
Unusual Items	0.3	0.1	5.4	0.1	-0.1
Other Non-Cash Items	2.8	0.8	0.5	0.6	1.1
Non-Cash Items	3.1	0.9	5.9	0.8	1.0
Accounts Receivable	-20.6	-29.6	45.3	-10.1	-18.1
Inventories	-14.7	-3.7	-0.2	-7.8	0.0
Prepaid Expenses	4.6	-0.9	-5.1	0.2	-1.2
Other Assets	-94.0	1.8	95.8	-98.2	0.5
Accounts Payable	4.8	35.3	-35.1	13.9	10.7
Accrued Expenses	5.7	2.5	-3.2	0.1	-0.6
Taxes Payable	15.7	1.0	-22.0	14.1	1.1
Other Liabilities	0.2	0.2	0.0	0.6	-3.8
Changes in Working Capital	-98.3	6.6	75.6	-87.2	-11.4
Cash from Operating Activities	39.0	35.6	96.4	-2.6	19.7
Purchase of Fixed Assets	-17.0	-59.5	-97.2	-18.2	-28.0
Capital Expenditures	-17.0	-59.5	-97.2	-18.2	-28.0
Sale/Maturity of Investment	0.4	-	-	-	-
Purchase of Investments	-0.3	-	-	-	-
Other Investing Cash Flow	-0.8	-8.8	-2.6	-2.5	-0.1
Other Investing Cash Flow Items, Total	-0.7	-8.8	-2.6	-2.5	-0.1
Cash from Investing Activities	-17.7	-68.3	-99.7	-20.7	-28.1
Other Financing Cash Flow	0.0	0.0	-3.2	-0.6	0.0
Financing Cash Flow Items	0.0	0.0	-3.2	-0.6	0.0
Cash Dividends Paid - Common	-9.5	-2.7	-60.2	-12.3	0.0
Total Cash Dividends Paid	-9.5	-2.7	-60.2	-12.3	0.0
Sale/Issuance of Common	-	-	0.0	28.0	0.0
Common Stock, Net	-	-	0.0	28.0	0.0
Issuance (Retirement) of Stock, Net	-	-	0.0	28.0	0.0
Short Term Debt Issued	17.4	-	32.4	18.0	-
Short Term Debt Reduction	0.0	-32.2	-	0.0	-20.7
Short Term Debt, Net	17.4	-32.2	32.4	18.0	-20.7
Long Term Debt Issued	0.0	70.6	27.9	-	24.6
Long Term Debt Reduction	-	-	-	-10.7	-
Long Term Debt, Net	0.0	70.6	27.9	-10.7	24.6
Issuance (Retirement) of Debt, Net	17.4	38.4	60.3	7.3	3.8
Cash from Financing Activities	7.9	35.7	-3.1	22.4	3.8
Net Change in Cash	29.3	2.9	-6.4	-0.9	-4.5
Net Cash - Beginning Balance	8.6	5.3	11.9	12.4	17.0
Net Cash - Ending Balance	37.9	8.2	5.6	11.5	12.5
Cash Interest Paid	1.3	0.6	1.0	0.9	1.2
Cash Taxes Paid	1.0	0.0	29.1	9.3	6.3

Interim Cash Flows

Standardized

Financials in: USD (mil)

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

Financial Glossary

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	6 Months	3 Months	12 Months	9 Months	6 Months
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.074238	29.305764	31.497037	31.886422	31.875049
Net Income/Starting Line	67.2	34.7	110.0	69.8	38.9
Depreciation	13.7	6.7	21.9	15.3	9.0
Depreciation/Depletion	13.7	6.7	21.9	15.3	9.0
Deferred Taxes	-0.2	-0.1	2.3	3.0	2.6
Unusual Items	0.0	-	0.3	0.0	0.0
Other Non-Cash Items	2.4	0.4	2.8	2.2	2.6
Non-Cash Items	2.4	0.4	3.1	2.2	2.5
Accounts Receivable	-17.1	-26.8	-20.6	-36.3	-32.1
Inventories	-8.7	0.8	-14.7	-6.1	-15.4
Prepaid Expenses	-1.4	0.6	4.6	4.3	1.1
Other Assets	-22.4	-21.7	-94.0	-14.5	1.1
Accounts Payable	21.0	16.5	4.8	10.8	9.7
Accrued Expenses	0.9	-0.1	5.7	5.7	2.4
Taxes Payable	-1.0	5.1	15.7	9.7	3.8
Other Liabilities	-0.4	-0.2	0.2	0.7	0.2
Changes in Working Capital	-29.2	-25.8	-98.3	-25.8	-29.1
Cash from Operating Activities	53.8	15.9	39.0	64.5	23.9
Purchase of Fixed Assets	-5.8	-1.9	-17.0	-15.0	-8.4
Capital Expenditures	-5.8	-1.9	-17.0	-15.0	-8.4
Sale/Maturity of Investment	0.0	-	0.4	0.1	0.1
Purchase of Investments	0.0	-	-0.3	-0.1	-0.1
Other Investing Cash Flow	-1.7	-1.6	-0.8	-0.5	-0.5
Other Investing Cash Flow Items, Total	-1.7	-1.6	-0.7	-0.5	-0.5
Cash from Investing Activities	-7.5	-3.5	-17.7	-15.5	-8.9
Other Financing Cash Flow	-0.3	-0.2	0.0	0.1	0.1
Financing Cash Flow Items	-0.3	-0.2	0.0	0.1	0.1
Cash Dividends Paid - Common	-	-	-9.5	-9.3	-
Total Cash Dividends Paid	-	-	-9.5	-9.3	-
Short Term Debt, Net	9.1	5.3	17.4	-17.3	-8.8
Long Term Debt, Net	-15.1	-	0.0	0.0	0.0
Issuance (Retirement) of Debt, Net	-6.0	5.3	17.4	-17.3	-8.8
Cash from Financing Activities	-6.3	5.1	7.9	-26.5	-8.7
Net Change in Cash	40.0	17.5	29.3	22.5	6.4
Net Cash - Beginning Balance	41.0	40.7	8.6	8.5	8.5
Net Cash - Ending Balance	81.1	58.2	37.9	31.0	14.9
Cash Interest Paid	1.1	0.5	1.3	0.8	0.4
Cash Taxes Paid	15.5	0.0	1.0	1.0	1.0

Annual Income Statement

As Reported

Financials in: USD (mil)

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

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	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	Unqualified
Gross Sales	810.6	438.4	527.1	558.0	410.8
Sales Returns & Discounts	0.0	0.0	-0.6	-0.5	-0.3
Total Revenue	810.5	438.4	526.6	557.5	410.5
Cost of Sales	657.5	414.4	513.9	449.5	374.5
Selling Expenses	13.4	8.7	8.0	7.5	6.7
General and Administrative Expenses	5.4	2.0	1.9	2.1	1.7
Research and Development Expenses	1.7	0.8	0.9	1.0	1.2
Gain on Reversal of Bad Debt	-	0.0	-0.5	-	-
Inventory Devaluation & Obsolescence	-	-	-	0.1	-
Impairment Loss	0.4	-	-	-	-
Total Operating Expense	678.3	426.0	524.4	460.3	384.1
Interest Income	0.1	0.0	0.1	0.2	0.1
Dividend Income	-	0.0	0.3	-	-
Gain on Sale of Investments	0.1	0.0	0.9	0.3	0.0
Revaluation Gain on Financial Assets	0.3	1.2	0.0	0.2	-
Miscellaneous Income	1.3	1.9	0.1	0.1	0.2
Interest Expense	-1.3	-0.6	-1.1	-1.0	-1.2
Loss on Financial Assets Revaluation	-	-	-	-0.1	0.0
Foreign Exchange Gains	0.0	0.1	-0.5	-0.2	-0.7
Foreign Exchange Losses	-2.1	-	-	-	-
Miscellaneous Disbursements	-1.4	-0.4	-0.5	-0.3	-0.1
Net Income Before Taxes	129.1	14.7	1.5	96.6	24.6
Provision for Income Taxes	19.1	0.9	-2.5	23.3	7.4
Net Income After Taxes	110.0	13.8	4.0	73.3	17.2
Net Income Before Extra. Items	110.0	13.8	4.0	73.3	17.2
Net Income	110.0	13.8	4.0	73.3	17.2
Income Available to Com Excl ExtraOrd	110.0	13.8	4.0	73.3	17.2
Income Available to Com Incl ExtraOrd	110.0	13.8	4.0	73.3	17.2
Basic Weighted Average Shares	292.0	292.0	292.0	274.7	269.0
Basic EPS Excluding ExtraOrdinary Items	0.38	0.05	0.01	0.27	0.06
Basic EPS Including ExtraOrdinary Items	0.38	0.05	0.01	0.27	0.06
Diluted Net Income	110.0	13.8	4.0	73.3	17.2
Diluted Weighted Average Shares	292.1	292.2	292.0	274.7	269.0
Diluted EPS Excluding ExtraOrd Items	0.38	0.05	0.01	0.27	0.06
Diluted EPS Including ExtraOrd Items	0.38	0.05	0.01	0.27	0.06
DPS-Common Stock	0.26	0.03	0.01	0.20	0.05
Gross Dividends - Common Stock	77.0	9.0	2.9	57.8	12.4
Normalized Income Before Taxes	129.5	14.7	1.5	96.6	24.6
Inc Tax Ex Impact of Sp Items	19.1	0.9	-2.5	23.3	7.4
Normalized Income After Taxes	110.4	13.8	4.0	73.3	17.2
Normalized Inc. Avail to Com.	110.4	13.8	4.0	73.3	17.2
Basic Normalized EPS	0.38	0.05	0.01	0.27	0.06
Diluted Normalized EPS	0.38	0.05	0.01	0.27	0.06
Interest Expense, Supplemental	1.3	0.6	1.1	1.0	1.2
Interest Capitalized, Supplemental	-0.6	-1.1	-	-	-
R&D Expense, Supplemental	1.7	0.8	0.9	1.0	1.2
Depreciation - Operating Cost	21.8	14.3	14.2	10.5	12.4
Depreciation - Operating Expense	0.1	0.0	0.0	0.0	0.0
Amortization - Operating Cost	-	-	0.9	-	-
Amortization - Operating Expense	-	-	0.1	-	-
Current Tax	16.8	1.0	0.9	23.9	4.5
Current Tax - Total	16.8	1.0	0.9	23.9	4.5
Deferred Tax	2.3	0.0	-3.3	-0.1	0.6
Deferred Tax - Total	2.3	0.0	-3.3	-0.1	0.6
Other Tax	0.0	-0.1	-0.1	-0.5	2.4
Income Tax - Total	19.1	0.9	-2.5	23.3	7.4
Service Cost	0.1	0.2	0.3	0.3	0.3
Interest Cost	0.1	0.1	0.1	0.1	0.1
Expected Return on Assets	0.0	0.0	0.0	0.0	0.0
Amortization	0.0	0.0	0.0	0.0	0.0
Domestic Pension Plan Expense	0.2	0.3	0.4	0.5	0.5
Defined Contribution Expense - Domestic	0.1	0.1	0.1	0.1	0.1
Total Pension Expense	0.4	0.4	0.5	0.6	0.5
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	2.00%	2.50%
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)

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	28.855204	29.305764	30.350199	31.911435	31.824532
Gross Sales	259.8	235.3	221.9	214.3	200.1
Sales Returns & Discounts	0.0	0.0	0.0	0.0	0.0
Total Revenue	259.8	235.3	221.9	214.3	200.1
Cost of Sales	211.6	190.3	170.2	168.9	163.8
Selling Expenses	3.8	3.7	3.3	4.2	3.3
General and Administrative Expenses	1.8	1.5	0.6	2.1	1.5
Research and Development Expenses	0.3	0.5	0.1	0.5	0.2
Impairment Loss	-	-	0.4	-	-
Total Operating Expense	217.5	196.0	174.6	175.7	168.9
Interest Income	0.1	-	0.0	0.0	0.0
Gain on Sale of Investments	0.0	-	0.1	0.0	0.0
Foreign Exchange Gain/Loss	-0.1	0.2	-1.2	-1.4	0.5
Revaluation G/L on Financial Assets	-0.3	0.6	0.3	0.0	-0.2
Miscellaneous Income	0.7	0.1	1.0	0.0	0.0
Interest Expense	-0.6	-0.5	-0.5	-0.4	-0.2
Loss on Financial Liab. Revaluation	-0.3	-	0.0	0.8	-0.8
Miscellaneous Disbursements	-0.1	0.0	-0.7	-0.5	0.0
Net Income Before Taxes	41.7	39.7	46.2	37.2	30.6
Provision for Income Taxes	9.2	5.0	5.4	6.3	6.1
Net Income After Taxes	32.5	34.7	40.8	30.9	24.5
Net Income Before Extra. Items	32.5	34.7	40.8	30.9	24.5
Net Income	32.5	34.7	40.8	30.9	24.5
Income Available to Com Excl ExtraOrd	32.5	34.7	40.8	30.9	24.5
Income Available to Com Incl ExtraOrd	32.5	34.7	40.8	30.9	24.5
Basic Weighted Average Shares	292.0	292.0	292.0	292.0	292.0
Basic EPS Excluding ExtraOrdinary Items	0.11	0.12	0.14	0.11	0.08
Basic EPS Including ExtraOrdinary Items	0.11	0.12	0.14	0.11	0.08
Diluted Net Income	32.5	34.7	40.8	30.9	24.5
Diluted Weighted Average Shares	292.0	292.0	292.4	292.0	292.0
Diluted EPS Excluding ExtraOrd Items	0.11	0.12	0.14	0.11	0.08
Diluted EPS Including ExtraOrd Items	0.11	0.12	0.14	0.11	0.08
DPS-Common Stock	0.00	0.00	0.27	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	79.9	0.0	0.0
Normalized Income Before Taxes	41.7	39.7	46.6	37.2	30.6
Inc Tax Ex Impact of Sp Items	9.2	5.0	5.4	6.3	6.1
Normalized Income After Taxes	32.5	34.7	41.2	30.9	24.5
Normalized Inc. Avail to Com.	32.5	34.7	41.2	30.9	24.5
Basic Normalized EPS	0.11	0.12	0.14	0.11	0.08
Diluted Normalized EPS	0.11	0.12	0.14	0.11	0.08
Interest Expense, Supplemental	0.6	0.5	0.5	0.4	0.2
Interest Capitalized	-0.1	-0.1	-0.1	-0.1	-0.2
R&D Expense, Supplemental	0.3	0.5	0.1	0.5	0.2
Depreciation - Operating Cost	7.0	6.7	6.6	6.2	4.5
Depreciation - Operating Expense	0.0	0.0	0.0	0.0	0.1
Current Tax Payable	-	5.1	6.2	5.8	3.2
Current Tax - Total	-	5.1	6.2	5.8	3.2
Deferred Tax	-	-0.1	-0.8	0.4	2.9
Deferred Tax - Total	-	-0.1	-0.8	0.4	2.9
Other Tax	-	-	0.0	0.0	0.0
Income Tax - Total	-	5.0	5.4	6.3	6.1
Provision for Defined Benefit Plan	-	0.1	0.1	0.1	0.0
Domestic Pension Plan Expense	-	0.1	0.1	0.1	0.0
Provision for Defined Contribution Plan	-	0.0	0.0	0.0	0.0
Total Pension Expense	-	0.1	0.1	0.1	0.1

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	Reclassified Normal 31-Dec-2007
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	Unqualified
Cash and Cash Equivalent	40.9	8.5	5.3	11.6	12.5
Financial Assets-Fair Value,Current	103.2	1.3	0.0	100.4	-
Financial Assets for Sale	27.9	17.9	8.0	18.9	26.7
Accounts&Notes Receivable, Gross	60.7	38.6	18.8	50.4	42.6
Provision for Doubtful Accounts	-0.8	-0.5	-0.2	-0.6	-0.5
Accounts Receivable - Related Parties	17.4	12.2	1.0	13.8	11.1
Other Receivables	6.8	6.3	6.0	-	-
Finished Goods	26.1	12.6	13.6	14.0	7.7
Work-in-Process	-	-	-	-	1.0
Raw Materials	10.8	6.6	1.4	7.0	4.8
Supplies	-	-	-	-	1.4
Provision/Allowance for Inventory	-	-	-	0.0	-0.5
Prepayment for Materials	6.1	10.1	8.9	4.1	4.3
Deferred Income Tax Assets - Current	0.5	0.6	3.3	0.2	-
Other Current Assets	2.8	3.0	4.7	2.8	2.3
Total Current Assets	302.4	117.1	70.9	222.5	113.3
Land	30.8	28.0	27.0	27.3	27.2
Buildings and Structures	4.4	4.0	4.9	4.9	4.9
Machinery and Equipment	442.3	324.9	268.1	244.8	236.7
Leased Assets	9.9	-	-	-	-
Miscellaneous Equipment	7.0	6.1	5.9	5.9	5.9
Accumulated Depreciation	-273.1	-227.4	-208.0	-196.6	-185.3
Accumulated Impairment on Fixed Assets	-0.5	-	-	-	-
Construct. in Progress & Equip. Prepay	31.2	95.2	91.5	24.9	2.6
Deferred Pension Cost	-	-	-	0.0	0.1
Deferred Charges	10.6	11.3	5.7	4.2	2.4
Deferred Income Tax Assets	0.8	2.9	0.0	-	-
Other Long Term Assets	2.7	2.4	0.5	0.5	0.5
Total Assets	568.5	364.5	266.4	338.3	208.3
Short Term Borrowings	37.7	17.2	40.1	18.2	0.0
Short Term Notes & Bills Payable	-	0.0	9.1	-	-
Accounts Payable	49.2	39.8	4.6	38.1	23.8
Accounts Payable - Related Parties	0.6	0.6	0.0	1.3	1.4
Income Tax Payable	18.1	1.0	0.0	21.4	7.0
Accrued Expenses	12.0	5.4	2.7	5.8	5.7
Other Payables,Related Parties	1.2	1.4	0.7	-	-
Current Portion of Long Term Debt	30.1	-	-	0.8	0.0
Equipment Payable	1.2	2.4	12.0	12.5	1.5
Other Current Liabilities	1.6	0.2	0.2	0.3	0.1
Total Current Liabilities	151.8	68.1	69.3	98.5	39.6
Long Term Borrowings	95.4	114.4	40.5	13.1	24.6
Lease Payable	4.9	-	-	-	-
Total Long Term Debt	100.3	114.4	40.5	13.1	24.6
Accrued Pension Liabilities	4.5	4.1	3.9	3.7	3.3
Long Term Security Deposits Received	0.4	0.3	0.3	0.1	0.0
Total Liabilities	256.9	187.0	114.0	115.5	67.5
Common Stock	100.1	91.3	89.0	90.0	82.5
Additional Paid-In Capital	23.7	21.6	21.0	21.3	-
Legal Reserve	24.3	20.7	19.8	12.6	10.8
Special Reserve	8.2	17.2	6.1	-	-
Retained Earnings	155.3	34.2	33.2	105.1	45.6
Unrealized G/L on Fin. Assets	0.0	-7.5	-16.7	-6.2	1.8
Total Equity	311.5	177.5	152.4	222.8	140.7
Total Liabilities & Shareholders' Equity	568.5	364.5	266.4	338.3	208.3
S/O-Common Stock	292.0	292.0	292.0	292.0	269.0
Total Common Shares Outstanding	292.0	292.0	292.0	292.0	269.0
T/S-Common Stock	0.0	0.0	0.0	0.0	-
Full-Time Employees	180	172	173	164	162
Number of Common Shareholders	7,225	4,797	4,751	3,673	15
Current maturities	31.2	-	-	-	-
Total Long Term Debt, Supplemental	31.2	-	-	-	-
Capital Lease Payments Due within 1 Year	1.5	-	-	-	-
Capital Lease Payments Due in Year 2	1.5	-	-	-	-
Capital Lease Payments Due in Year 3	1.5	-	-	-	-
Capital Lease Payments Due in Year 4	1.5	-	-	-	-
Capital Lease Payments Due in Year 5	1.1	-	-	-	-
Unrealized Interest Cost	-1.2	-	-	-	-
Total Capital Leases	6.0	-	-	-	-
Accumulated Benefit Obligation	4.2	3.9	3.6	3.8	3.8
Benefit Obligation	5.2	4.9	4.6	4.6	4.7
Fair Value of Plan Assets	0.0	0.1	0.6	0.5	0.5
Funded Status	-5.2	-4.9	-4.0	-4.0	-4.3
Total Funded Status	-5.2	-4.9	-4.0	-4.0	-4.3
Discount Rate	2.00%	2.00%	2.75%	2.75%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	2.00%	2.50%
Expected Rate of Return on Plan Assets	2.00%	2.00%	2.75%	2.75%	2.75%
Deferred Pension Cost	-	-	-	0.0	0.1
Accrued Pension Liabilities	-4.5	-4.1	-3.9	-3.7	-3.3
Net Assets Recognized on Balance Sheet	-4.5	-4.1	-3.9	-3.7	-3.3

Interim Balance Sheet

As Reported

Financials in: USD (mil)

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

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	28.7235	29.4065	29.1565	31.2415	32.1315
Cash and Cash Equivalent	82.1	58.0	40.9	31.6	14.8
Financial Assets-Fair Value,Current	127.1	124.4	103.2	15.6	0.0
Financial Assets for Sale	28.0	26.7	27.9	21.1	16.5
Notes Receivable	-	-	-	-	0.0
Accounts/Notes Receivable, Gross	101.8	80.8	60.7	69.5	64.7
Provision for Doubtful Accounts	-1.0	-1.1	-0.8	-1.1	-0.8
Accounts Receivable - Related Parties	1.7	23.4	17.4	20.2	17.9
Other Receivables	0.0	6.7	6.8	6.4	6.1
Other Financial Assets	-	-	-	-	0.0
Finished Goods	30.3	18.1	26.1	13.9	24.6
Raw Material	16.0	17.7	10.8	11.9	9.6
Prepayment	7.6	5.5	6.1	5.9	9.0
Deferred Income Tax Assets - Current	0.7	0.5	0.5	0.4	0.8
Other Current Assets	3.4	2.9	2.8	3.1	2.7
Total Current Assets	397.7	363.7	302.4	198.5	165.9
Land	31.2	30.5	30.8	28.7	27.9
Buildings and Structures	4.7	4.4	4.4	4.1	4.0
Machinery and Equipment	474.6	439.0	442.3	412.8	324.1
Leased Assets	10.0	9.8	9.9	9.2	8.9
Miscellaneous Equipment	7.1	7.0	7.0	6.6	6.0
Accumulated Depreciation	-291.1	-277.4	-273.1	-248.4	-235.3
Accumulated Impairment on Fixed Assets	-0.5	-0.5	-0.5	-	-
Construct. in Progress & Equip. Prepay	11.0	32.6	31.2	26.5	97.0
Deferred Pension Cost	-	-	-	-	0.0
Deferred Charges	10.4	11.5	10.6	10.7	10.7
Deferred Income Tax Assets	0.8	0.8	0.8	0.0	0.0
Other Long Term Assets	2.6	2.5	2.7	2.2	2.5
Total Assets	658.4	623.9	568.5	450.8	411.8
Short Term Borrowings	47.4	42.7	37.7	-	8.4
Short Term Notes & Bills Payable	-	0.0	-	-	0.0
Accounts Payable	68.7	63.7	49.2	51.2	48.5
Accounts Payable - Related Parties	1.2	0.9	0.6	0.7	0.7
Income Tax Payable	17.3	23.0	18.1	10.9	4.8
Accrued Expenses	13.1	11.9	12.0	11.3	7.7
Financial Liabilities at Fair Value	0.3	-	-	-	0.8
Other Payables,Related Parties	3.1	2.4	1.2	1.9	2.0
Project&Equipment Payable	0.4	1.5	1.2	-	-
Dividend Payable	84.5	-	-	-	9.3
Current Portion of Long Term Debt	30.6	29.9	30.1	14.1	13.7
Other Current Liabilities	1.3	1.4	1.6	1.5	1.2
Total Current Liabilities	267.9	177.3	151.8	91.5	97.1
Long Term Borrowings	81.5	94.6	95.4	103.1	100.2
Lease Payable	4.4	4.6	4.9	5.3	5.2
Total Long Term Debt	86.0	99.2	100.3	108.4	105.4
Accrued Pension Liabilities	4.6	4.5	4.5	4.3	4.2
Long Term Security Deposits Received	0.6	0.4	0.4	0.4	0.4
Total Liabilities	359.0	281.4	256.9	204.6	207.1
Common Stock	101.7	99.3	100.1	93.5	90.9
Additional Paid-In Capital	24.0	23.5	23.7	22.1	21.5
Legal Reserve	36.7	24.1	24.3	22.7	22.0
Special Reserve	0.0	8.1	8.2	7.6	7.4
Retained Earnings	137.4	188.5	155.3	105.3	71.6
Unrealized Gain/Loss on Financial Assets	-0.3	-0.9	0.0	-4.9	-8.8
Total Equity	299.5	342.5	311.5	246.2	204.7
Total Liabilities & Shareholders' Equity	658.4	623.9	568.5	450.8	411.8
S/O-Common Stock	292.0	292.0	292.0	292.0	292.0
Total Common Shares Outstanding	292.0	292.0	292.0	292.0	292.0
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Full-Time Employees	-	172	180	173	172
Current maturities	-	29.9	31.2	14.1	13.7
Total Long Term Debt, Supplemental	-	29.9	31.2	14.1	13.7
Capital Lease Payments Due within 1 Year	-	1.1	1.5	0.4	0.7
Capital Lease Payments Due in Year 2	-	1.5	1.5	1.4	1.4
Capital Lease Payments Due in Year 3	-	1.5	1.5	1.4	1.4
Capital Lease Payments Due in Year 4	-	1.5	1.5	1.4	1.4
Capital Lease Payments Due in Year 5	-	1.1	1.1	1.4	1.4
Capital Lease Payments Due in Year 6	-	-	-	1.1	1.0
Interest Costs	-	-1.0	-1.2	-1.1	-1.2
Total Capital Leases, Supplemental	-	5.7	6.0	5.9	6.0
Accrued Pension Liabilities	-4.6	-4.5	-4.5	-4.3	-4.2
Net Assets Recognized on Balance Sheet	-4.6	-4.5	-4.5	-4.3	-4.2

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	Reclassified Normal 31-Dec-2007
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	Unqualified
Net Income	110.0	13.8	4.0	73.3	17.2
Depreciation	21.9	14.3	14.2	10.5	12.5
Deferred Charges	2.9	1.7	0.9	0.7	0.9
Provision of Bad Debts	0.2	0.3	-0.5	0.1	0.2
Gain/Loss on Financial Asset Revaluation	-0.3	-1.2	0.0	-0.2	0.0
Prov./Reversal for Inventory Devaluation	-	-	6.3	0.1	-0.1
Loss on Sale of Investments	-0.1	0.0	-0.9	-	-
Impairment Loss on Assets	0.4	-	-	-	-
Net Loss on Disposal of Properties	0.0	0.1	-	-	-
Deferred Tax	2.3	0.0	-3.3	-0.1	0.6
Financial Assets at Fair Value	-93.9	0.0	104.1	-98.9	-
Notes & Accounts Receivable	-17.0	-18.7	32.2	-13.5	-11.5
Accounts Receivable - Related Parties	-3.8	-10.8	13.1	3.4	-6.7
Inventories	-14.7	-3.7	-0.2	-7.8	0.0
Other Receivables	0.1	-0.1	-	-	-
Other Financial Assets	-	-	-6.2	-	-
Prepayment	4.6	-0.9	-5.1	0.2	-1.2
Other Current Assets	0.0	1.8	-2.0	0.7	0.5
Accounts Payable	5.1	34.0	-34.4	14.0	10.4
Accounts Payable - Related Parties	-0.1	0.6	-0.7	-0.1	0.3
Tax Payable	15.7	1.0	-22.0	14.1	1.1
Accrued Expenses	5.7	2.5	-3.2	0.1	-0.6
Other Payable - Related Parties	-0.3	0.7	-	-	-
Other Current Liabilities	0.2	0.1	-0.2	0.2	-4.2
Accrued Pension Liabilities	0.0	0.1	0.2	0.4	0.4
Cash from Operating Activities	39.0	35.6	96.4	-2.6	19.7
Purchase of Financial Assets for Sale	-0.3	-	-	-	-
Disposal of Financial Assets for Sale	0.4	-	-	-	-
Capital Expenditure	-17.0	-59.5	-97.2	-18.2	-28.0
Deferred Charges	-0.8	-6.9	-2.6	-2.5	-0.1
Other Assets	0.0	-1.9	-	0.0	0.0
Cash from Investing Activities	-17.7	-68.3	-99.7	-20.7	-28.1
Short Term Borrowings Increase	17.4	-	23.0	18.0	-
Short Term Borrowings Decrease	-	-23.2	-	-	-13.1
Short Term Notes Increase	-	-	9.5	-	-
Repayment of ST Notes	0.0	-9.0	-	0.0	-7.7
Long Term Borrowings Increase	0.0	70.6	27.9	-	24.6
Long Term Borrowings Decrease	-	-	-	-10.7	-
Employees Bonus/Directors Remuneration	-	0.0	-3.3	-0.8	0.0
Cash Dividend - Common Stock	-9.5	-2.7	-60.2	-12.3	0.0
Security Deposit	0.0	0.0	0.1	-	-
Other Liabilities	-	-	0.0	0.1	0.0
Cash Capital	-	-	0.0	28.0	0.0
Cash from Financing Activities	7.9	35.7	-3.1	22.4	3.8
Net Change in Cash	29.3	2.9	-6.4	-0.9	-4.5
Net Cash - Beginning Balance	8.6	5.3	11.9	12.4	17.0
Net Cash - Ending Balance	37.9	8.2	5.6	11.5	12.5
Cash Interest Paid	1.3	0.6	1.0	0.9	1.2
Cash Taxes Paid	1.0	0.0	29.1	9.3	6.3

Interim Cash Flows

As Reported

Financials in: USD (mil)

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

	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010
Period Length	6 Months	3 Months	12 Months	9 Months	6 Months
UpdateType/Date	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.074238	29.305764	31.497037	31.886422	31.875049
Net Income	67.2	34.7	110.0	69.8	38.9
Depreciation	13.7	6.7	21.9	15.3	9.0
Deferred Charges	2.2	0.7	2.9	2.2	1.5
Reversal/Provision of Bad Debts	0.2	0.3	0.2	-	0.3
Gain/Loss on Sale of Investments	0.0	-	-0.1	0.0	0.0
Impairment Loss on Assets	-	-	0.4	-	-
Gain/Loss on Financial Asset Revaluation	-0.1	-0.6	-0.3	-	0.8
Gain/Loss on Sale of Fixed Assets	-	-	0.0	-	-
Deferred Tax	-0.2	-0.1	2.3	3.0	2.6
Financial Assets at Fair Value	-21.7	-21.6	-93.9	-14.0	1.3
Notes & Accounts Receivable	-	-20.7	-17.0	-28.8	-26.4
Accounts Receivable	-39.7	-	-	-	-
Accounts Receivable - Related Parties	15.8	-6.1	-3.8	-7.6	-5.8
Other Receivables	6.8	0.0	0.1	0.1	0.1
Inventories	-8.7	0.8	-14.7	-6.1	-15.4
Prepayment	-1.4	0.6	4.6	4.3	1.1
Other Current Assets	-0.6	-0.1	0.0	-0.5	-0.2
Accounts Payable	18.5	15.0	5.1	10.3	8.9
Accounts Payable - Related Parties	0.6	0.3	-0.1	0.1	0.1
Tax Payable	-1.0	5.1	15.7	9.7	3.8
Accrued Expenses	0.9	-0.1	5.7	5.7	2.4
Other Payable - Related Parties	1.9	1.2	-0.3	0.4	0.6
Other Current Liabilities	-0.4	-0.2	0.2	0.6	0.2
Accrued Pension Liabilities	0.0	0.0	0.0	0.0	0.1
Cash from Operating Activities	53.8	15.9	39.0	64.5	23.9
Purchase of Financial Assets for Sale	0.0	-	-0.3	-0.1	-0.1
Disposal of Financial Assets for Sale	0.0	-	0.4	0.1	0.1
Capital Expenditure	-5.8	-1.9	-17.0	-15.0	-8.4
Deferred Charges	-1.8	-1.7	-0.8	-0.8	-0.4
Other Assets	0.1	0.1	0.0	0.3	-0.1
Cash from Investing Activities	-7.5	-3.5	-17.7	-15.5	-8.9
Short Term Borrowings, Net	9.1	5.3	17.4	-17.3	-8.8
Short Term Notes Net	-	0.0	0.0	0.0	0.0
Long Term Borrowings, Net	-15.1	-	0.0	0.0	0.0
Rent Payable Decrease	-0.5	-0.3	-	-	-
Security Deposit	0.2	0.0	0.0	0.1	0.1
Cash Dividend	-	-	-9.5	-9.3	-
Cash from Financing Activities	-6.3	5.1	7.9	-26.5	-8.7
Net Change in Cash	40.0	17.5	29.3	22.5	6.4
Net Cash - Beginning Balance	41.0	40.7	8.6	8.5	8.5
Net Cash - Ending Balance	81.1	58.2	37.9	31.0	14.9
Cash Interest Paid	1.1	0.5	1.3	0.8	0.4
Cash Taxes Paid	15.5	0.0	1.0	1.0	1.0

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.67
UK Pound	1	Rs.76.50
Euro	1	Rs.66.98

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.