:1231

http://www.lianhwa.com.tw
http://newmops.tse.com.tw

(02) 2553-4546
jim@lianhwa.com.tw

(02) 2553-4546
zena@lianhwa.com.tw
.
148

(02)2553-4546
189 14

(02)2293-5640
96 10

(02)2552-1666
191 17

(04)2422-3072
101-15

(07)372-1501
43

(02)2434-3088
18

(03)328-3621
87

(04)888-6088
10

(05)369-3737
.

17 3

(02) 2381-6288

http://www.sinotrade.com.tw
.

156 12

(02) 2545-9988

http://www.deloitte.com.tw
.
. http://www.lianhwa.com.tw

20

26

27

27

28

29

29

30

34

34

34

34

34

34

35

38

42

42

43

43

44

46

48

48

48

48

49

50

51

51

51

51

52

53

56

56

56

56

3,647,102
2.95 %

 98
()
3,647,102 2.95 %
167,194 118,460
1.03
()
43.00 36.47
84.81%
()
1.

3,647,102

1,003,665

147,922

(1,401)

61,956

8,843

32,440

167,194

----

118,460

1.03

2.

4.21

6.90

12.82

14.49

3.25

()

1.03

()

98
36,553 0.27%

99
()
1.
2.
3.
() 3
()

753

5,654

613

62,000

358

()
1.
(1)
(2)
(3)

(4)
(TQM)

(5)

(6)
2.
(1)
(2) OPC
(3)
(4)


59 7 7

148 300

5,000
6,000
8,000
19,800
82 8 35,640

42,768
513,216

4
9 18
12 100
100
100%
7 18 4

Calbee
()
62,500
70,721.36
( 246 )(
51 14 1~4) 28,300



()

()

1.

2.

3.


()

99 4 27

()

96.9.17

82.09

14,877,617 12.89

13,816,617 11.97

%
%

432

96.9.17

82.09

14,838,764 12.86

13,863,764 12.01

96.9.17

82.09

14,838,755 12.85

13,838,755 11.99

96.9.17

84.9.16

689,701

0.60

1,152,701

0.99

96.9.17

88.6.01

23,793

0.02

23,793

0.02

96.9.17

93.6.16

26,166

0.02

26,166

0.02

97.6.13

99.9.16

97.6.13

439,267

0.38

456,267

0.39

96.9.17

84.9.16

21,703

0.02

21,703

0.02

96.9.17

89.6.20

13,228,535 11.46

12,228,535 10.59

99 4 27

16.67%
16.67%
16.67%
16.67%
11.03%
11.03%
11.26%

 ( )
99 4 27

( 1)

10

1
1
2(
)
3

4
5

8
9 30
10 27

()

99 4 27

()

%
%

83.01.01

13,863,764

12.01

76.01.01

13,838,755

11.99

90.09.11

26,166

0.02

95.01.01

456,267

0.39

95.07.01

6,605

0.00

95.07.01

5,067

0.00

95.07.01

0.00

96.02.26

0.00

98.01.05

0.00

88.01.01

3,484

0.00

88.03.01

643

0.00

91.05.01

10,000

0.01

95.01.01

123

0.00

10

95.07.01

20,869

0.02

95.07.01

42,738

0.04

95.07.01

44,551

0.04 16,000

95.07.01

4,130

0.00

95.07.01

0.00

95.07.01

0.00

96.10.22

0.00

96.12.01

150

0.00

98.02.17

0.00

98.07.01

8,916

0.00

98.07.01

0.00

0.01

11

()

(1)()

(A)
( 2)

(B)

(C) ( 3)

(D) ( 4)

AB C D

( 11)

( 8)

( 8)

( 8)

300

300

3.68%

3.68%

12,377

12,377

(E) ( 5)

(F)

( 8)

(G) ( 6)

( 8)

( 8)

2,483

2,483

( 8)

( 8)

1,576

1,576

(H) ( 7)

ABCDEF
G

( 11)

( 8)

( 8)

14.13%

14.13%

(A+B+C+D)

(A+B+C+D+E+F+G)

( 9)

( 10)I

2,000,000

2,000,000 5,000,000

5,000,000 10,000,000

( 9)

( 10)J

10,000,000 15,000,000
15,000,000 30,000,000
30,000,000 50,000,000
50,000,000 100,000,000
100,000,000

12

(
12)

 1()
(3)
2()
3
4()

7()
8()
9
10()
11
12a.
b.
I J
c.

13

(2)

(B)
( 3)

(A) ( 2)

( 5)

( 5)

450

450

( 5)

( 9)

0.46%

0.46%

A B C

( 8)

(C)
( 4)

( 5)

90

90

(A+B+C)
( 6)

2,000,000

( 7) D

2,000,000 5,000,000
5,000,000 10,000,000
10,000,000 15,000,000
15,000,000 30,000,000
30,000,000 50,000,000
50,000,000 100,000,000
100,000,000

14

 1()
2()
3
4()

5()
6
7()
8
9a.
b.
D
c.

15

(3)
(A)
( 2)

( 6)

19,167

19,167

(B)

( 6)

(C) ( 3)

(D) ( 4)

AB C D

( 9)

( 6)

( 6)

5,797

5,797

( 6)

21.07%

21.07%

( 5)

( 6) ( 10)

2,000,000
2,000,000 5,000,000
5,000,000 10,000,000
10,000,000 15,000,000
15,000,000 30,000,000
30,000,000 50,000,000
50,000,000 100,000,000
100,000,000

( 7)
( 8) E

16

 1 (1)
2
3

5()
6()
7
8()
9
10a.
b. E

c.

17

43

43

0.04%

18

()

1.

97

98

23,507

29,863

23.97%

25.21%

28,324

29,863

28.88%

25.21%

2.

19


()

(A)

()

()(%)
/

100%

100%

100%

100%

100%

100%

80%

100%

14 3

20

()

()

(A)

(%)/()

80%

100%

1.
2.

21

()

()

()

()

()

()

()

()

22

()

()

()
()

()
()

()

()

()

()

()

()

23

()

1.

99 3 26

1. 2
3. 4.5.

24

2.
()

()

98.03.27

98.04.22

1.
2.
3.
4.

5.
6.
7.
8.
9.
10.
11.

1.
1.

98.06.19

98.06.23

98.08.20

98.11.25

2.
3.
4.

1.
2.
3.
4.
5.
6.

1.
2.
3.
4.
5.
6.
7.

IFRS

1.
2.
3.
4.

25

5.
6.
7.

99.03.26

1.
2.
3.
4.
5.
6.
7.

8.
9.
10.
11.
12.
13.

()

()

95.08.24

98.04.26

95.08.24

98.04.26

98.01.01-98.12.31

2,000

2,000 4,000

4,000 6,000

6,000 8,000

8,000 10,000

10,000

26

()
()
()

()

1. 98
2. 97

()

()

()

27

()

98

4 27

(1,061,000)

(975,000)

463,000

17,000

10,000

28

()

()

()

13,863,764 12.01%

13,838,755 11.99%

13,816,617 11.97% 432

13,228,535 11.46%

8,612,000 7.46%

2,140,000 1.85%

2,054,000 1.77%

1,152,701 0.99%

1,040,552

0.90%

1,040,552

0.90%

98 12 31

100%
100%
100%
100%
92.75%
49%
92.2%
5%
8%
-

Lian Hwa Investment CO., LTD.

Cadina International Holdings CO.,LTD

()
()

500
9,324
14,504
16,550
1,161
1,600
-

29

500
9,324
14,504
16,550
1,161
1,600
-

100%
100%
100%
100%
92.75%
49%
92.2%
5%
8%
-



()
99 4 27

()115,419,000

19,281,000

134,700,000
99 4 27

()

59.07

1,000

3,000

3,000,000

3,000

3,000,000

--

65.08

1,000

5,000

5,000,000

5,000

5,000,000

2,000,0000

--

71.12

10

100,000

10,000,000

1,000,000

10,000,000

5,000,000

--

72.06

10

2,000,000

20,000,000

2,000,000

20,000,000

10,000,000

--

73.06

10

3,000,000

30,000,000

3,000,000

30,000,000

10,000,000

--

74.06

10

4,200,000

42,000,000

4,200,000

42,000,000

12,000,000

--

74.07

10

5,000,000

50,000,000

5,000,000

50,000,000

8,000,000

--

--

--

6,500,000
3,500,000
16,000,000
4,000,000

75.06

10

6,000,000

60,000,000

6,000,000

60,000,000

76.09

10

8,000,000

80,000,000

8,000,000

80,000,000

77.09

10

10,000,000

100,000,000

10,000,000

100,000,000

20,000,000

--

78.10

10

13,000,000

130,000,000

13,000,000

130,000,000

30,000,000

--

79.09

10

19,800,000

198,000,000

19,800,000

198,000,000

68,000,000

--

82.05

10

23,760,000

237,600,000

23,760,000

237,600,000

39,600,000

--

82.08

10

35,640,000

356,400,000

35,640,000

356,400,000

--

83.08

10

42,768,000

427,680,000

42,768,000

427,680,000

--

84.07

10

76,000,000

760,000,000

51,321,600

513,216,000

--

85.06

10

76,000,000

760,000,000

61,585,920

615,859,200

--

85.12

10

76,000,000

760,000,000

72,000,000

720,000,000

--

86.06

10

108,000,000

1,080,000,000

84,240,000

842,400,000

--

87.07

10

134,700,000

1,347,000,000

96,876,000

968,760,000

--

88.07

10

134,700,000

1,347,000,000

106,563,600

1,065,636,000

89.08

10

134,700,000

1,347,000,000

112,000,000

1,120,000,000

90.08

10

134,700,000

1,347,000,000

115,419,000

1,154,190,000

188.6.29(88)()) 59540
289.7.7(89)() 58687
390.7.6(90)() 143595

30

23,760,000
95,040,000
35,640,000
35,640,000
64,152,000
21,384,000
76,982,400
25,660,800
104,140,800
108,000,000
14,400,000
84,240,000
42,120,000
96,876,000
53,281,800
1,082,200
33,600,000
590,000

()
99 4 27

18

1,955

8,061

3,000 24,599,957 90,251,893

0

21.31

19

8,100

562,195 115,419,000

78.20

0.49

100

()
1.
99 4 27 ( 10 )

1
999
1,000
5,000
5,001 10,000
10,001 15,000
15,001 20,000
20,001 30,000
30,001 50,000
50,001 100,000
100,001 200,000
200,001 400,000
400,001 600,000
600,001 800,000
800,001 1,000,000
1,000,001

5,182
1,918
452
112
130
96
76
56
40
12
4
4
3
15
8,100

237,969
4,463,279
3,974,195
1,454,890
2,476,189
2,555,239
3,112,764
4,443,574
5,723,908
3,468,253
1,906,267
2,851,000
2,787,000
75,964,473
115,419,000

(%)
0.21
3.87
3.44
1.26
2.15
2.21
2.70
3.85
4.96
3.00
1.65
2.47
2.41
65.82
100

2.
()
99 4 27

13,863,764
13,838,755
13,816,617
13,228,535
8,612,000
2,140,000
2,054,000
1,152,701
1,040,552
1,040,552

31

12.01%
11.99%
11.97%
11.46%
7.46%
1.85%
1.77%
0.99%
0.90%
0.90%

()

97

98

99 3 31
8

15.7

14.7

14.45

6.45

8.2

12.50

12.02

11.78

13.61

14.76

15.01

15.64

14.06

115,419,000 115,419,000

115,419,000

0.85

1.03

0.6

0.7

14.14

11.44

20.03

16.83

4.99%

5.94%

7
98

1
2
3
4

5
6
7
8

32

()
1.

(1)
(2)
(3)
20%
2.
99 3 26 98 0.7
80,793,300
()
()
1.
24

(1)
(2)
2.

33

3.
(1)
2,025,642
2,025,642
(2)

(3)

4.

(1)
1,663,437
1,663,437
(2)

()

()

()

34



()
1.
(1)

(2)
(3)
(4) F102030
(5) F203020
(6) F401061
(7) F401171
(8)
2.

18.70%

28.95%

16.91%

33.54%

1.90%

100%

3.
(1)
(2)

(3)

(4) SMUCKERS GINIA

(5)
(6) HOKA HOKA KgCheck
4.
(1)
(2)

35

(3)
(4)
(5)
(6) (/)
(7)
()

1.68%

()
1.
98 36,553
99 3 31 7,686
2.

98
(1)

vs (7-11 select )
(2)

36

(3)

(4)

(5)
(6)
(7)

(8)

(9)
(10) KgCheck
(11) HOKA
(12) : 2009 -- 60
--
(13)

()
1.
(1)

(2) TQM

2.
(1)

(2)

37


()
1.

97

98

3,755,740

99.94%

3,642,102

99.86%

()

2,311

0.06%

5,000

0.14%

3,758,051

100.00%

3,647,102

100.00%

2.

25 %

75 %

65 %

33 %

3.

2008

4.
(1)
1)
2010
10% 915

38

2)
(2)
1)
2)
3)
4)
(3)
1)

2)

3)
4)
()
1.

2.

()

------

------

------

------

------

39

()
1.

97

98

257,198

12.92

1,733,992

87.08

1,991,190

100

221,304

99

10.89

1,810,592

89.11

2,031,896

100

647,045

100

647,045

100

2.

97

98

99

1,185,538

31.55

1,208,605

33.14

288,634

25.37

419,529

11.16

457,154

12.53

166,649

14.65

134,313

11.81

548,081

48.17

3
4

2,152,984

57.29

3,758,051

100

1,981,343

54.33

3,647,102

100

40

1,137,677

100

()
/

97

98

1,524

880

523,077

1,340

794

488,508

11,501

6,643

614,067

9,806

5,811

560,473

1,371

792

476,669

1,142

677

381,740

1,252,301 52,143 59,605

1,205,207

48,545 60,413

16

62,957 68,737

5,097

147

87

37,924

2,871,211 64,578 66,974

2,673,852

()
/

97

98

823

731,840

817

747

681,688

6,417

1,014,546

1,494

5,909

1,051,245

777

695,036

694

616,770

0.02

20

60,154

1,274,115

59,609

1,223,324

69

40,203

59

69,075

0.01

68,240

3,755,740

2,311

67,018

3,642,102

41

356

403

24 4,568

380.03 5,000

97

98

66

61

61

382

407

399

579

536

506

1,027

1,004

966

35.73

35.87

36.39

4.99

5.57

5.96

99 4 30

0.29

0.2

0.10

2.92

3.19

3.11

29.89

31.87

32.51

35.93

36.75

35.71

30.96

27.99

28.57

()
1. 98 2 230,000

2. 99 (
0
()
1.

2.

42


()

1.
()

2.

3.

4.

5.

()

Lick Sang Int

lCo.,Ltd
Calbee Foods
Co.,Ltd

99.01.01~99.12.31

97.10.20~102.10.19

43



()

99 3 31
3

1
94

95

96

97

98

1,401,296 1,349,036 1,489,616 1,701,142

1,730,339

1,898,585

485,233

399,710

315,946

243,408

205,105

199,744

669,701

660,698

710,230

694,191

629,416

612,238

25,249

22,725

20,201

25,535

22,356

22,356

184,508

191,641

189,698

209,930

476,056

475,722

2,765,987 2,623,810 2,725,691 2,874,206

3,063,272

3,208,645

645,335

621,383

603,481

724,110

684,918

845,377

704,927

680,819

675,650

804,903

398,008

276,436

352,355

318,576

526,199

437,646

57,762

62,556

75,123

127,754

119,987

120,558

960,375 1,030,959 1,170,440

1,331,104

1,403,581

1,160,697 1,019,811 1,103,128 1,251,233

1,154,190 1,154,190 1,154,190 1,154,190

1,154,190

1,154,190

1,101,105

76,975

76,975

76,975

76,975

73,042

73,042

441,831

430,171

451,792

477,686

515,353

589,377

382,239

370,735

382,541

396,893

42

4,380

11,630

27,921

44,499

39,032

37,904

(12,494)

(9,573)

(16,146)

(49,584)

(49,449)

(49,449)

1,664,882 1,663,435 1,694,732 1,703,766

1,605,290 1,603,999 1,622,563 1,622,973

1,732,168

1,805,064

1
298
399

44

()

99 3 31
2

1
94

95

96

97

98

1,137,677

3,139,465 3,248,386 3,448,183 3,758,051 3,647,102

776,921

842,663

969,778 1,014,727 1,003,665

331,898

150,335

138,104

207,399

157,493

147,922

86,249

99,642

66,104

53,745

83,250

61,956

13,792

188,092

146,441

154,088

106,968

42,684

8,093

61,885

57,767

107,056

133,775

167,194

91,948

52,319

47,903

81,057

98,063

118,460

74,024

29

52,319

47,932

81,057

98,063

118,460

74,024

0.45

0.42

0.7

0.85

1.03

0.64

1
299

()

94

95

96

97

98

45

99 3 31
94

95

96

97

98

39.81

36.60

37.82

40.72

43.45

43.74

308.03

293.61

288.23

291.32

358.80

366.31

217.14

217.10

246.84

234.93

252.63

224.58

117.89

94.93

102.98

110.47

116.16

114.94

4.49

3.67

6.99

10.41

19.91

38.29

7.55

7.25

7.54

6.84

5.92

6.51

48

50

48

53

62

56

4.11

3.59

3.18

3.35

3.12

4.16

15.16

15

14.04

13.9

12.50

17.12

89

102

115

109

117

88

4.54

4.88

5.03

5.35

5.51

7.33

1.11

1.21

1.29

1.34

1.22

1.45

2.32

2.38

3.53

3.88

4.21

2.42

3.15

2.88

4.83

5.77

6.90

4.19

13.03

11.97

17.97

13.65

12.82

7.47

5.36

5.00

9.28

11.59

14.49

7.97

1.67

1.48

2.35

2.61

3.25

6.51

0.45

0.42

0.70

0.85

1.03

0.64

()

16.87

32.89

28.18

28.66

43.42

68.94

84.36

84.60

85.57

63.79

1.84

5.34

3.81

4.54

6.46

5.02

5.60

4.24

5.55

5.59

1.13

1.19

1.09

1.10

1.06

1.
2.
3.
4.
5.
6.

46

 1
299
3
1.
(1)
(2)
2.
(1)
(2)
(3)
3.
(1)()
()
(2)365
(3)
(4)()
()
(5)365
(6)
(7)
4.
(1)
(2)
(3)
(4) 4
5.
(1)
(2)(
)
(3)()(
)( 5)
6.
(1)() ( 6)
(2) ()

47

(
)

57 ~ 113
114
~ 158

48

98

97

1,730,339

$1,701,142

29,197

205,105

243,408

(38,303)

(16)

629,416

694,191

(64,775)

(9)

22,356

25,535

(3,179)

(12)

476,056

209,930

266,126

127

3,063,272

2,874,206

189,066

684,918

724,110

(39,192)

(5)

526,199

318,576

207,623

65

1,331,104

1,170,440

160,664

14

1,154,190

1,154,190

73,042

76,975

(3,933)

(5)

515,353

477,686

37,667

1,732,168

1,703,766

28,402

1. 1.
2. 2.

49


()

98

97

3,753,057

3,876,463

(105,955)

(118,412)

3,647,102

3,758,051

(110,949)

(3)

( 2,643,437)

(2,743,324)

(99,887)

(4)

1,003,665

1,014,727

(11,062)

(1)

(856,193)

(857,379)

(1,186)

147,922

157,493

(9,571)

(6)

61,956

83,250

( 21,294)

(25)

( 42,684)

(106,968)

(64,284)

(60)

167,194

133,775

33,419

25

( 48,734)

(35,712)

13,022

36

118,460

98,063

20,397

21

118,460
98,063

1.
2.
3.
4.
5.
6. 1 3

20,397

21

()

20%

50


()

98

97

43.42

28.66

52%

63.79

85.57

(25%)

6.46

4.54

42%

1.:
2.:,

()

198,368

222,380

254,612

166,136

222,380
72,387
182,225

()

51

()

()

()

()

()

()

()

()

()

()
()

()

52



()
1.

100%

100%
Lian Hwa Investment CO.,
LTD.

100%

100%
Cadina International Holdings
CO., LTD.

92.75%

32.2%

60%

53

2.

87.06.19 423 27 7 1

90.04.03 189 14 TWD 165,500,000

Lian Hwa Investment CO., LTD.

Cadina International Holdings CO., LTD.

The Tropic Isle Building

89.04.17 P. O. BOX 438 , Road Town,
Tortola, British Virgin Islands
Huntlaw Building, P. O. Box 2804,
89.05.23 George Town, Grand Camany,
Cayman Islands.

NT$5,000,000

USD 9,324,400

USD 14,504,400

82.08.13

USD 9,450,000

1
3 6 1

CNY 20,500,000

90.07.05

3.
4.

54

5.

()
()
()

Lian Hwa Investment CO., LTD.

Cadina International Holdings CO., LTD.

500,000

100%

16,550,000

100%

USD 9,324,400

100%

USD 14,504,400

100%

92.75%
7.25%

32.2%
60%

55

6.

5,000

5,789

3,050

2,739

2,410

(1,742)

(1,742)

(3.48)

165,500

1,083

1,083

16,511

(3,580)

(3,762)

(0.23)

Lian Hwa Investment CO., LTD.

298,288

206,227

773

205,454

(28,253)

(28,253)

Cadina International Holdings CO., LTD.

463,996

206,231

39

206,192

759

(28,138)

(28,138)

322,782

180,990

4,581

176,409

700

(28,405)

(27,728)

95,161

49,357

4,092

45,265

4,797

(3,907)

(3,920)

98 1 31.99
1 4.642

()
()

56

179,984 208,752
27,867 54,736

57

0920123784

0920123784

58

1120
1140
1178
1210
1286
1298
11XX

1480
1421
14XX

1501
1521
1531
1551
1561
15X1
15X9
1670
15XX

1770

1800
1810
1820
1830
1860
18XX

1XXX

1100
1310

198,368

656
21,368
569,006
3,761
894,949
2,479
39,752
1,730,339

7,011
198,094
205,105

196,464
391,773
609,418
33,954
390,056
1,621,665
(
998,251 )
6,002
629,416

155,686

1
19
29
1
56

20,038
32,080
589,241
2,867
799,417
101,813
1,701,142

1
1
20
28
4
59

7
7

7,011
236,397
243,408

1
8
9

6
13
20
1
13
53
32 )
21

196,464
371,182
594,200
31,944
378,731
1,572,521
(
918,358 )
40,028
694,191

7
13
21
1
13
55
32 )
1
24

22,356

25,535

395,800
3,501
37,215
39,540
476,056

13
1
1
15

109,230
3,953
19,435
77,312
209,930

4
3
7

$3,063,272

100

$2,874,206

100

2420

526,199

17

318,576

11

2810
2820
2881
28XX

117,613
2,239
135
119,987

4
4

119,769
7,400
585
127,754

4
1
5

1,331,104

43

1,170,440

41

1,154,190

38

1,154,190

40

72,435
607

2
-

72,435
4,540

3
-

198,481
5,085
311,787

7
10

188,675
289,011

6
10

39,032

44,499

2XXX

3110
3210
3260
3310
3320
3350
3420
3430
3XXX

95,321
240
216,775
14,741
270,413
13,774

3
7
1
9
-

70,752
2,902
684,918

49,449 )
1,732,168

$3,063,272

59

2286
2298
21XX

2100
2120
2140
2160
2170
2210
2270

166,903
240
205,675
37,163
266,132
15,871

6
7
1
9
1

2
22

25,152
3,871
3,103
724,110

1
25

1)
57

100

49,584 )
1,703,766

$2,874,206

2)
59

100

4110

$3,753,057
103

$3,876,463
103

4170

86,097 )

2)

101,737 )

19,858 )

1)

16,675 )

4190

4000
5000

3,647,102

( 2,643,437 )

5910

6100
6200
6300
6000

6900

7110
7122
7130
7140
7160

(
(
(
(

3,758,051

100

( 2,743,324 )

1,003,665

28

1,014,727

27

450

145

1,004,115

28

1,014,872

27

683,570 )
136,070 )
36,553 )
856,193 )

3)

72 )

5930

100

(
(
(
(

19 )
4)
1)
24 )

(
(
(
(

668,826 )
151,900 )
36,653 )
857,379 )

(
(
(
(

73 )

18 )
4)
1)
23 )

147,922

157,493

207
101
164
-

981
2,187
181
22
8,409

60

7210
7310
7480
7100

7510
7521
7530
7560
7630
7880
7500

10,617
-

20,038
43,672

1
1

61,956

83,250

8,843 )

(
(
(

28,903 )
1,464 )
1,401 )
2,073 )

42,684 )

9600

48,734 )
$ 118,460

9750

9850

7,760
-

167,194

8110

656
50,211

7900

14,214 )

1)
-

(
(

(
(

71,872 )
2,155 )
15,482 )
3,245 )

1)

106,968 )

4
(

$ 1.45
$ 1.45

133,775

1)

$ 1.03
$ 1.02

98,063

3)
4

35,712 )
$

2)
1)
-

1)
3

$ 1.16
$ 1.16

$ 0.85
$ 0.85

61

$ 1,154,190

$
72,435

$
4,540

$ 180,569
$
$ 271,223

8,106
-

1,154,190

$
27,921

($
16,146 )

$ 1,694,732

8,106 )
1,459 )
1,459 )
69,251 )

98,063

98,063

16,578

16,578

33,438 )

72,435

4,540

188,675

289,011

44,499

49,584 )

9,806
-

5,085
-

$ 1,154,190

72,435

3,933 )

607

(
(
(
(

3,933 )

5,467 )

5,085

311,787

5,467 )
$

62

1,703,766

118,460

1,663 1,663

33,438 )

9,806 )
5,085 )
80,793 )

198,481

(
(
(

(
(
(

1,459 )
1,459 )
69,251 )

39,032

135
($

49,449 )

80,793 )
118,460

135
$ 1,732,168

$ 118,460

$ 98,063

(
(
(

(
(
(

63

93,976
1,455
10,065
31,422
28,903
1,464
164 )
656 )
32,351
103 )
20,038
10,712
20,235
2,106
127,883 )
62,061
11,100
22,422 )
4,281
526 )
201 )
1,158
450 )
297,382

3,000 )

(
(

(
(
(

(
(
(

(
(
(

94,319
562
7,591
8,554 )
22 )
71,872
15,482
2,155
181 )
20,038 )
26,526
697 )
509
144,631 )
657 )
10,026
69,640 )
17,120
5,687
80,833
567 )
7,904
19 )
14,004
145 )
207,502

60,000 )
60,022
-



$
(
57,002 )
164
( 287,922 )
452
(
3,079 )
( 350,387 )

(
(
(
(

71,582 )
358,000
104,777 )
5,161 )
80,793 )
95,687

$ 1,762
( 138,150 )
3,181
(
840 )
(
13,028 )
( 147,053 )

106,579
150,000
226,708 )
69,251 )
2,918 )
42,298 )

(
(
(
(

42,682

18,151

155,686

137,535

$ 198,368

$ 155,686

$ 9,151
$ 39,734

$ 13,857
$ 38,579

$ 24,766

$ 55,431
7,967
(
6,396 )
$ 57,002

$ 80,300
65,817
(
7,967 )
$ 138,150

64

980 1,009

65

66

67

68

2,495 0.02

( )
( )
( )

7,377 0.06
28,100

69

$ 1,650
90,096
14,668
91,954
$198,368

$ 1,650
45,903
4,126
104,007
$155,686

656

$ 20,038

99.3.30-99.6.8
99.3.30-99.6.8

CAD
EUR

98.1.20-98.6.30

USD 11,500/ NTD 355,593

326/ USD
152/ USD

295
213

9,101 25,146

$ 21,574
(
206 )
$ 21,368

70

$ 32,371
(
291 )
$ 32,080

$577,065
(
8,059 )
$569,006

$599,565
( 10,324 )
$589,241

$
291
$ 10,324
$
248
$ 9,587

- (
1,549 )
- (
2,249 )

(
85 ) (
716 )
43
2,986
$
206
$ 8,059
$
291
$ 10,324

$ 23,544
252,723
52,416
566,266
$894,949

$ 8,240
297,763
38,580
454,834
$799,417

4,984 1,132
2,643,437 2,743,324
3,852 (87)
28,499 26,613 516 1,574

71

$ 7,011
$ 7,011

$ 7,011
$ 7,011

( )

( )

$
$
-

$ 4,597
2,389
8,496
$ 15,482

LIAN HWA INVESTMENT CO.,
LTD.

$ 195,355
2,739
$ 198,094

100
100

$ 231,916
4,481
$ 236,397

100
100

($
(
($

LIAN HWA INVESTMENT CO., LTD.

27,161 )
1,742 )
28,903 )

($
(
($

58,095 )
13,777 )
71,872 )

LIAN HWA
INVESTMENT CO., LTD. CADINA INTERNATIONAL HOLD INGS CO.,
LTD.

72

196,464
196,464

$
(

$
(

371,182
620 )
21,211
391,773

$
(
(
$

216,505
12,239
620 )
228,124

$
(
(
$

594,200
9,913 )
25,265
134 )
609,418

$
(

382,347
49,714
8,570 )
1,358
55 )
424,794

$
(

196,464
196,464

31,944
915 )
2,925
33,954

22,485
2,948
915 )
24,518

$
(
(
$

$
(
(
(
$

378,731
998
4,710 )
15,852
815 )
390,056

371,182
371,182

$
(
$

205,979
10,526
216,505

$
(
$

496,647
869
21,297 )
117,981
594,200

356,204
45,706
19,563 )
382,347

$
(
$

$
(
$

31,658
185
682 )
783
31,944

20,238
2,929
682 )
22,485

$
(
$

$
(
$

361,499
1,748
5,617 )
21,101
378,731

267,194
35,158
5,331 )
297,021

40,028
54,433
64,110 )
24,349 )
6,002

(
(
$

297,021
29,075
4,589 )
215 )
477 )
320,815

(
$

102,395
77,498
139,865 )
40,028

$ 1,612,549
55,431
(
16,158 )
1,143
(
25,298 )
$ 1,627,667

$
(
(
$

918,358
93,976
14,694 )
1,143
532 )
998,251

$ 1,559,845
80,300
(
27,596 )
$ 1,612,549

$
(
$

849,615
94,319
25,576 )
918,358

$
-

$ 1,896
1.896%

$109,230
217,615
$326,845

$ 13,760
70,307
$ 84,067

$122,990
287,922
$410,912

$ 13,760
1,352
$ 15,112

$ 13,760
1,352
$ 15,112

73

$109,230
$109,230

$ 13,760
$ 13,760

$122,990
$122,990

$ 13,760
$ 13,760

$ 13,760
$ 13,760

1,098

$ 9,885

$ 59,195
( 59,122 )
73
(
73 )
$
-

$ 61,414
( 61,239 )
175
(
175 )
$
-

$ 95,321
0.85%-1.46%

$166,903
1.5%-3.62%

74

$120,756
51,146
16,868
8,730
72,913
$270,413

$119,731
57,438
14,433
7,219
67,311
$266,132

90.12.21-110.12.21

91.12.10-111.12.10

96.12.24-103.12.24

96.12.24-103.12.24

97.01.30-102.01.30

98.07.20-113.07.15

98.07.22-105.07.22

$ 90,080
47,656

51,328

39,920

47,960

55,920

69,360

85,000

85,000

231,375

47,000

596,951
( 70,752 )
$ 526,199
1.21%-1.37%

$ 90,080

343,728
( 25,152 )
$ 318,576
1.64%-2.26%

13,657
12,121

75

27,270
17,136

( )

$ 13,630
7,470
(
2,894 )
2,524
655
5,885
$ 27,270

$ 8,905
5,705
(
2,753 )
2,524
2,755
$ 17,136

( )

( $ 57,241 )
( 168,997 )
( 226,238 )
( 49,550 )
( 275,788 )
108,625
( 167,163 )
15,153
7,203
98,999
( 71,805 )
( $117,613 )
( $ 65,914 )

( $ 67,405 )
( 156,039 )
( 223,444 )
( 48,194 )
( 271,638 )
103,675
( 167,963 )
17,677
7,858
97,778
( 75,119 )
( $119,769 )
( $ 80,463 )

2.00%
2.00%
2.00%

2.75%
2.00%
2.75%

( )

76

( )

$ 24,287

$ 3,145

( )

$ 21,836

$ 3,925

( )

134,700
$
10
$ 1,347,000

134,700
$
10
$ 1,347,000

115,419
$
10
$ 1,154,190

115,419
$
10
$ 1,154,190

( )

( )

50%

77

20%
2,026
1,663 2,026
1,663

$ 9,806
$ 8,106
5,085
80,793
69,251
$ 0.7
$ 0.6
1,459
1,459
$ 95,684
$ 80,275

78


1,663
1,663 1,663

( )

( )

(
(
(

79

699
2,173
22
2,894

$ 1,074
283
45
1,402

284 )
131 )
415 )
$ 2,479

(
263 )
(
5,010 )
(
5,273 )
( $ 3,871 )

$ 30,454
9,030
6,148
14
27
15
45,688
(
6,148 )
$ 39,540

$ 66,077
10,998
7,685
44
146
47
84,997
(
7,685 )
$ 77,312

( ) 25%

$ 41,788

$ 33,434

(
(
(
(

25 )
2,803 )
731 )
20,917 )
17,312

(
(
(

566 )
3,616 )
1,225 )
16,239
44,266

20,917

16,239 )

12,042
(

1,537 )
$ 48,734

7,685
$ 35,712

( )

$ 46,003

$ 47,243

$158,712
153,075
$311,787

$158,712
130,299
$289,011

30.05% 37.00%

80

$ 299,261
27,466
15,281
49,195
391,203
85,936
6,762
$ 483,901

$ 155,699
10,236
25,646
5,400
196,981
8,040
3,303
$ 208,324

$ 285,500
21,230
16,995
57,073
380,798
86,480
4,525
$ 471,803

$ 193,484
8,910
12,262
5,945
220,601
7,839
3,066
$ 231,506

81

$ 454,960
37,702
40,927
54,595
588,184
93,976
10,065
$ 692,225

$ 478,984
30,140
29,257
63,018
601,399
94,319
7,591
$ 703,309

$ 167,194

$ 118,460

115,419

211

$ 167,194

$ 118,460

$ 133,775

$ 1.45

$ 1.03

115,630

$ 1.45

$ 1.02

$ 98,063

115,419

$ 1.16

$ 0.85

191

$ 133,775

$ 98,063

115,610

$ 1.16

$ 0.85

82


( )

656
7,011
3,501

596,951
2,239

656
3,501

$ 20,038
7,011
3,953

$ 20,038
3,953

596,951
2,239

343,728
7,400

343,728
7,400

( )
1.

2.

3.

4.

5.

83

( )

656

$ 20,038

( )
104,764 50,029
692,272 510,631
( )
1.

2.

3.

4.

84


( )

LIAN HWA INVESTMENT CO., LTD.

CADINA INTERNATIONAL HOLDINGS
CO., LTD.

CADINA INTERNATIONAL HOLDINGS CO.,

LTD

( )
1.

$ 16,327
1
$
691

168
$ 16,327
1
$
859
-

O/A 30 45
2.

$ 2,016
$ 2,016

1,200
1,200

1,200
1,200

600
600

62

$ 5,016

$ 5,078

85

98.12.31

98.12.31

98.12.31

98.12.31

3.

$
$
14

4.
(1)

$ 25,500
$ 3,000
2.5%
$
$
100

(2)

$
$
306
-

5.

$ 1,937

6.

$
-

86

$ 23,000

( )

$ 19,682
6,305
2,026
$ 28,013

$ 18,087
5,420
1,663
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$169,425
133,717
326,845
68,955
$698,942

$169,425
141,849
109,230
$420,504

( ) 6,400
( )

101.09.30
100.09.14
99.12.31

243
385
447

( )
29,747 52 348 3
168

( )
1.
2.

87

3.
4.

5.

6.

7.

8.

9.
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88

(9)

USD455

99.01.20

7%8%

1,348 0
( )
1.
2.

( )

( )

( )

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( )

$ 1,208,605
33
$ 1,185,538
32
457,154
13
419,529
11

89

2
1
$ 25,500
$
3,000
2.5%
2
$

$ 173,217

2
22,000
2.5%
2

173,217
3
928
928
2

173,217
( CNY 200 ) ( CNY 200 )

48,428

3,928

$ 346,434

1
(1) 1
(2) 2
2 (1) 1,732,168 10% 173,217
(2) 1,732,168 20% 346,434

90

3
$ 346,434
$ 23,000
$

$ 866,084

1.
2.
3.
4.
5.
6.
1.
1,732,168 20% 346,434
2.
1,732,168 30% 519,650
3.
1,732,168 50% 866,084

91

LIAN HWA INVESTMENT CO.,

LTD.

9,324

$ 195,355

100.00%

500

2,739

100.00%

1,161

7,011

5%

1,600

8%

92

98.6.23

$ 283,000

93

$ 322,668

LIAN HWA INVESTMENT
CO., LTD.

LIAN HWA
CADINA INTERINVESTMENT CO.,
NATIONAL HOLDINGS
LTD.
CO., LTD.

CADINA INTER
NATIONAL
1
HOLDINGS CO., LTD.
CADINA INTER
NATIONAL

HOLDINGS CO., LTD.

CADINA INTER
NATIONAL

HOLDINGS CO., LTD.

$
309,039
$
448,240
9,324
100.00% $
195,355 ( $
29,181 ) ( $
27,161 )

British Virgin
Islands

Cayman Islands

USD

14,504

USD

179,976

179,976

500

100.00%

USD

14,504

14,504

100.00%

163,574
5,788

USD

138,074
9,988

16,550
-

100.00%
92.75%

USD

274

49.00%

2,739

USD

6,446

( USD

880 )

N/A

USD

1,083
5,198

(
( CNY

3,762 )
5,973 )

N/A
N/A

N/A

1,742 ) (

1,742 )

USD

897

USD

676

32.20%

USD

428

( CNY

845 )

N/A

CNY

12,300

CNY

12,300

60.00%

CNY

5,851

( CNY

845 )

N/A

1 4,528,302 92.75% 4,200

94

26
$
1,686
$

45
896

100

283
1%

38

250
3%

16,550
1,083
100%

14,504
USD 6,446
100%

LIAN HWA
INVESTMENT CO.,
LTD.
CADINA
INTERNATIONAL
HOLDINGS CO., LTD.
CADINA
INTERNATIONAL
HOLDINGS CO., LTD.
CADINA
INTERNATIONAL
HOLDINGS CO., LTD.

PENGUIN COMPUTING
LTD.

CADINA INTERNATIONAL
HOLDINGS CO., LTD.

896
-

ROYALBANK OF
SOCOTLAND GROUP PLC

200

USD

95

USD

5,198

92.75%

USD

428

32.20%

CNY

5,851

60.00%

95

USD

1,686

95

945

USD 9,988
$

69,535

USD

9,988

92.75%

56
4,635

USD

274

USD

274

49%

20,500

USD

313

USD

313

92.20%

USD10,575

( $ 25,944 )

336

3,238 )

$407,936USD12,752

$1,049,092

LIAN HWA INVESTMENT CO., LTD.
1,748,486 60% 1,049,092
CADINA INTERNATIONAL HOLDINGS CO., LTD.
12,300 584
4,528,302

96

$ 1,650

USD 127 Rate 31.99

EUR 6 Rate 46.10JPY
106 Rate 0.347CAD
339 Rate 30.45

90,096
14,668

91,954
196,718
$198,368

97

$ 4,392

3,610

3,035

1,524

5%

9,013
21,574
(

206 )
$ 21,368

98

$209,834

51,941

38,802

35,093

31,087

5%

210,308
577,065
(

8,059 )
$569,006

99

23,544

$ 27,035

252,723

348,346

52,416

72,493

566,266

615,561

$ 894,949

$1,063,435

100

$ 29,566
10,186

$ 39,752

101

1,161
$ 7,011

1,161
$ 7,011

$ 4,597

8,206

1,600

1,600

17,936

$ 7,011

102

$ 7,011

LIAN HWA INVESTMENT CO., LTD.
13,524
$ 231,916
(
4,200 ) ( $
9,400 ) ( $ 27,161 )
9,324
100
$ 195,355
$ 195,355

1,800

4,481
$ 236,397

1,300 )

($

9,400 )

1,742 )

($

28,903 )

500

100

2,739
$ 198,094

5,467 3,933

103

2,739

$ 95,321

180~360

104

0.85%~1.46%

$1,303,426

$ 21,387

5%

195,388
$216,775

105

$ 90,080

90.12.21-110.12.21

1.32

47,656

91.12.10-111.12.10

1.32

39,920

96.12.24-103.12.24

1.34

55,920

96.12.24-103.12.24

1.34

85,000

97.01.30-102.01.30

1.21

231,375

98.07.20-113.07.15

1.32

47,000

98.07.22-105.07.22

1.37

596,951

70,752 )
$ 526,199

106

$ 2,491,717

1,259,519

1,821
3,753,057

86,097 )

19,858 )
$ 3,647,102

107

(1)
(2)
(3)
(1)+(2)+(3)

$ 454,834
2,031,896
8,978
(
24,516 )
(
566,266 )
1,904,926
243,419
444,483
2,592,828
38,580
41,222
(
6,828 )
(
52,416 )
2,613,386
297,763
50,793
(
83,446 )
(
252,723 )
2,625,773
40,747
28,499
(
51,582 )
$ 2,643,437

108

$117,528

18,012
1,051
1,367
6,826
1,104
18,956
59,978
8,954

2,371
85,936
6,762
4,454
5,085
2,563
10,596
5,315
16,241

71,384
$444,483

109

$ 69,082
3,852
408
9,908
46,574
853
787
121,762
487
6,529
7,985
215
1,666
956
29
918
15,705
222
130,874
42,617
85,126
137,015
$683,570

110

$ 62,627
5,999
402
2,718
32
2,496
3,161
131
1,161
11,801
874
336
1,822
5,876
2,203
29
605
1,479
32,318
$136,070

111

$ 23,990
41
1,565
142
15
433
15
1,647
45
498
144
125
219
48
7,626
$ 36,553

112

$ 14,594

8,445

4,699

2,183

20,290
$ 50,211

113

114

204,322 240,738
7% 8%
5,728 3,056
0.2% 0.1%

115

0920123784

0920123784

116

1120
1140
1178
1210
1260
1286
1298
11XX

1480
1421
14XX

1100
1310

1501
1521
1531
1551
1561
15X1
15X9
1599
1670
15XX

1770
1780
17XX

18XX

1XXX

1800
1810
1820
1830
1848
1860

(
(

282,471

20,830
21,368
569,891
1,885
894,949
2,479
41,506
1,835,379

7,011
7,011

196,464
512,621
729,239
43,300
425,257
1,906,881
1,197,131 )
9,477 )
26,243
726,516

22,356
19,532
41,888

265,923

1
1
19
29
1
60

53,809
32,134
594,492
12,631
818,598
103,894
1,881,481

2
1
20
28
4
64

7,011
1,899
8,910

6
17
24
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14
62
39 )
1
24

1
1

(
(

196,464
490,533
729,558
42,488
416,395
1,875,438
1,115,431 )
9,706 )
45,940
796,241

25,535
26,107
51,642

7
17
25
1
14
64
38 )
1
27

395,800
4,205
37,249
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13
1
-

109,230
4,673
19,558
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4
1
-

39,540
476,794

1
15

77,312
210,773

2
7

$ 3,087,588

100

$ 2,949,047

100

2420

526,199

17

318,576

11

2810
2820
28XX

117,613
2,316
119,929

4
4

119,769
7,400
127,169

4
4

1,339,102

43

1,222,750

41

1,154,190

37

1,154,190

39

72,435
607

2
-

72,435
4,540

3
-

198,481
5,085
311,787

7
10

188,675
289,011

6
10

39,032

44,499

3110
3210
3260
3310
3320
3350
3420
3430

3610
3XXX

117

2286
2298
21XX

2XXX

1
1
2

2100
2120
2140
2160
2170
2210
2270

95,321
240
218,241
14,741
271,487
19,270

3
7
9
1

70,752
2,922
692,974

49,449 )
1,732,168

188,403
240
206,915
37,163
268,308
43,819

6
7
1
9
2

2
22

25,152
3,871
3,134
777,005

1
26

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56

49,584 )
1,703,766

2)
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16,318

22,531

1,748,486

57

1,726,297

59

$ 3,087,588

100

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100

4110

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103

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103

4170

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4190

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3,653,014

100

3,765,588

100

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126

3,653,765

100

3,765,714

100

4000
5000

( 2,651,475 )

5910

6100
6200
6300
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7110
7121
7122
7130
7140
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1,002,290

(
(
(
(

683,570 )
168,272 )
36,554 )
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73 )

( 2,749,145 )

27

(
(
(
(

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1,016,569

(
(
(
(

668,962 )
200,764 )
36,653 )
906,379 )

73 )
27

(
(
(
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113,894

110,190

3,556
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118

7310
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(
(

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14,806 )

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15,108
43,750

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(
(

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4
(

1)

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92,993

$ 118,460
(
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3
3

98,063
5,070 )
92,993

2
2

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$ 1.45

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(
$

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1)
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128,705
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9750

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119

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$
72,435

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4,540

$
180,569
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$
271,223

8,106
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1,154,190

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19,221

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98,063

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72,435

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22,531

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607

(
(
(
(

$
27,921

118,460

198,481

(
(
(

5,085

9,806 )
5,085 )
80,793 )

311,787

5,467 )
$

39,032

1,663 1,663

120

49,449 )

92,993

8,380

24,958
(

3,555 )

33,438 )
1,726,297

2,658 )

135
($

(
(
(

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1,459 )
69,251 )

5,070 )

$ 1,713,953

80,793 )
115,802

3,933 )

9,022 )

135

16,318

$ 1,748,486

(
(

(
(
(

121

115,802
104,067
1,455
16,308
31,422
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1,872
164 )
307
33,175
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32,672
10,766
24,601
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62,388
11,326
22,422 )
3,179
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212 )
1,158
305,491

1,587
65,291 )
350

(
(

(
(

(
(
(

92,993
106,395
562
14,160
8,554 )
22 )
1,430
2,337
295 )
15,108 )
26,526
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11,911
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133,784 )
7,542 )
25,622
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16,275
5,687
78,684
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14,004
196,825

60,000 )
60,022
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81,857 )
3,569



( $ 287,922 )
468
(
3,079 )
(
353,887 )

93,082 )
358,000
104,777 )
5,084 )
80,793 )
74,264

(
(
(

$
(
893 )
(
13,028 )
(
90,425 )

103,079
150,000
226,708 )
69,251 )
2,918 )
22,000
23,798 )

(
(
(
(

9,320 )

13,932

16,548

96,534

265,923

169,389

282,471

265,923

$
$

9,390
39,734

$
$

14,609
38,579

24,766

63,720
7,967
6,396 )
65,291

(
$

(
$

87,713
2,111
7,967 )
81,857

122

( )

1,004 1,035
( )
1.

LIAN HWA INVESTMENT

CO., LTD.
CADINA INTERNATIONAL
HOLDINGS CO., LTD.

LIAN HWA INVESTMENT

CO., LTD.

CADINA INTERNATIONAL
HOLDINGS CO., LTD.

CADINA INTERNATIONAL
HOLDINGS CO., LTD.

100%
100%
100%
100%
100%
100%

100%
100%

92.75%

92.75%

32.20%

25.00%

60%
CADINA
INTERNATIONAL
HOLDINGS CO., LTD.

92.20%
85%

2.

123

124

125

126

127

2,495
0.02

( )
( )
( )

7,377 0.06
28,100

128

$ 1,750
104,458
20,667
97,162
58,434
$282,471

$ 1,802
75,710
12,666
113,375
62,370
$265,923

$ 2,582
3,025
656
14,567
$ 20,830

$ 1,445
32,326
20,038
$ 53,809

99.3.30-99.6.8
99.3.30-99.6.8

CAD
EUR

326/ USD
152/ USD

295
213

98.1.20-98.6.30

USD

11,500/ NTD

355,593

USD455

2010.01.20

129

7%-8%

8,890 20,342

$ 21,574
(
206 )
$ 21,368

$ 32,425
(
291 )
$ 32,134

$582,479
( 12,588 )
$569,891

$609,632
( 15,140 )
$594,492

$ 23,544
252,723
52,416
566,266
$894,949

$ 27,086
297,763
38,580
455,169
$818,598

6,051 1,407
2,651,475 2,749,145
4,676 (87)
28,499 26,613 516 1,574

130

$ 7,011
$ 7,011

$ 7,011
$ 7,011

( )

( )

$
$
-

$ 4,597
2,389
10,000
7,500
$ 24,486

1,899

49

131

$ 286,157
531,811
32,329
346,834
$ 1,197,131

$ 270,183
491,038
31,518
322,692
$ 1,115,431

3,608
5,869
9,477

3,695
6,011
9,706

$
-

$
4,991

4,991

$
-

$ 1,896
1.896%

$326,845
84,067
410,912

$109,230
13,760
122,990

132

15,112 )
$395,800

13,760 )
$109,230


1,098

$ 9,885

$ 59,195
( 59,122 )
73
(
73 )
$
-

$ 61,414
( 61,239 )
175
(
175 )
$
-

$
$
-

$ 23,828
( 23,828 )
$
-

$
95,321
$ 95,321
0.85%-1.46%

133

$ 21,500
166,903
$188,403
1.5%-3.62%

90.12.21-110.12.21

91.12.10-111.12.10

96.12.24-103.12.24

96.12.24-103.12.24

97.01.30-102.01.30

$ 90,080

98.07.20-113.07.15

98.07.22-105.07.22

47,656

51,328

39,920

47,960

55,920

69,360

85,000

85,000

231,375

47,000

596,951
( 70,752 )
$ 526,199
1.21%-1.37%

$ 90,080

343,728
( 25,152 )
$ 318,576
1.64%-2.26%

13,657 12,121

27,270 17,136

134


( )

$ 13,630
7,470
(
2,894 )
2,524
655
5,885
$ 27,270

$ 8,905
5,705
(
2,753 )
2,524
2,755
$ 17,136

( )

( $ 57,241 )
( 168,997 )
( 226,238 )
( 49,550 )
( 275,788 )
108,625
( 167,163 )
15,153
7,203
98,999
( 71,805 )
( $117,613 )
( $ 65,914 )

( $ 67,405 )
( 156,039 )
( 223,444 )
( 48,194 )
( 271,638 )
103,675
( 167,963 )
17,677
7,858
97,778
( 75,119 )
( $119,769 )
( $ 80,463 )

2.00%
2.00%
2.00%

2.75%
2.00%
2.75%

()

$ 24,287

$ 3,145

()

$ 21,836

$ 3,925

()

135


( )

134,700
$
10
$ 1,347,000

134,700
$
10
$ 1,347,000

115,419
$
10
$ 1,154,190

115,419
$
10
$ 1,154,190

( )

( )

50%

136

20%
2,026
1,663 2,026 1,663

$ 9,806
$ 8,106
5,085
80,793
69,251
$ 0.7
$ 0.6
1,459
1,459
$ 95,684
$ 80,275

1,663
1,663
1,663

137

( )

( )

699
2,173
4
22
2,898
4)
2,894

$ 6,847
283
2
45
7,177
(
5,775 )
1,402

284 )
131 )
415 )
$ 2,479

(
263 )
(
5,010 )
(
5,273 )
( $ 3,871 )

$ 30,454
20,381
9,030
8,168
27
14
15
68,089
( 28,343 )
39,746

$ 66,077
19,700
10,998
10,210
146
44
47
107,222
( 29,652 )
77,570

(
(
(

138

206 )
$ 39,540

258 )
$ 77,312

( )

$ 17,957
$ 17,118
12,680
12,680
18,228
18,228
14,328
14,328
5,597
5,597
6,260
6,260
27,693
27,693
$ 102,743
$ 101,904

( ) 25%

$ 41,788

$ 33,434

(
(
(
(

25 )
2,803 )
731 )
20,917 )
17,312

(
(
(

566 )
3,616 )
1,225 )
16,239
44,266

20,917

16,239 )

12,042
(

1,537 )
$ 48,734

7,685
$ 35,712

139

( )

$ 46,003

$ 47,243

$158,712
153,075
$311,787

$158,712
130,299
$289,011

30.05% 37.00%

$ 299,261
27,466
15,281
49,195
391,203
89,332
6,762
$ 487,297

$ 160,213
10,973
25,646
5,852
202,684
14,735
9,546
$ 226,965

$ 285,547
21,238
16,995
57,073
380,853

$ 197,812
9,607
12,262
7,055
226,736

140

$ 459,474
38,439
40,927
55,047
593,887
104,067
16,308
$ 714,262

$ 483,359
30,845
29,257
64,128
607,589

$ 92,250
4,525
$ 477,628

$ 14,145
9,635
$ 250,516

$ 106,395
14,160
$ 728,144

$ 167,194

$ 118,460

115,419

211

$ 167,194

$ 118,460

$ 133,775

$ 1.45

$ 1.03

115,630

$ 1.45

$ 1.02

$ 98,063

115,419

$ 1.16

$ 0.85

191

$ 133,775

$ 98,063

115,610

$ 1.16

$ 0.85

141

( )

$ 20,830
7,011
4,205

$ 20,830
4,205

$ 53,809
7,011
4,673

$ 53,809
4,673

596,951
2,316

596,951
2,316

343,728
7,400

343,728
7,400

( )
1.

2.

3.

4.

5.

142

( )

5,607

$ 33,771

$ 15,223

$ 20,038

( )
58,434 62,370
125,125 88,376
692,272 532,131
( )
1.
(1)

(2)

2.

143

3.

4.

( )

( )
1.

98.12.31

$ 2,016
$ 2,016

98.12.31

1,680
1,680
98.12.31

1,200
1,200
98.12.31

751
751
$ 5,647

$ 5,647

2.

$ 11,000
11,000
$ 22,000

$
$
-

144

2.5%
2.5%

$
26
26
$
52

$
$
-

$ 11,000
11,000
$ 22,000

$ 11,000
11,000
$ 22,000

2.5%
2.5%

$
$
-

$
$
-

( )

$ 19,682
6,305
2,026
$ 28,013

$ 18,087
5,420
1,663
$ 25,170

$169,425
133,717
326,845
68,955
$698,942

$169,425
141,849
109,230
$420,504

( ) 6,400
( )

145

101.09.30
100.09.14
99.12.31

243
385
447

( )

99.12.31
106.12.31
126.12.31

195
391
586

( )
29,747 52 348 3
168

( )
1.
2.
3.
4.

5.

6.

7.

8.

9.
( )
1.

146

2.
(1)
(2)
(3)
(4)

(5)

(6)

(7)

(8)

(9)
( )
1.
2.

( )

( )

147

( )

6,479

$ 3,647,286

$
($

6,479
33,248 )

16,327
$ 3,663,613
$ 144,063

(
($
$

16,327 )
16,327 )
3,079

13,234 )

219,603

$ 2,874,208

($

3,182

$ 3,762,532

$
($

168
3,350
46,858 )

2,063 )
$ 3,760,469
$ 155,381

$
$

1,895
1,895
1,667

$ 2,679,015

($

13,720 )

274,842

$ 3,653,765
$ 3,653,765
$ 113,894
65,100
(
5,724 )
348
(
9,082 )
$ 164,536
$ 3,080,577
7,011
$ 3,087,588

$ 3,765,714
$ 3,765,714
$ 110,190
76,449
(
17,105 )
(
1,430 )
(
24,486 )
(
14,913 )
$ 128,705
$ 2,940,137
7,011
1,899
$ 2,949,047

1. 16,327
2. (3,079)
16,327 19,406

3. 13,234

148


1. (1,895)
2. (1,667)
(1,895)
(228)
3. 13,720
( )

10%
( )

$ 1,208,605
33
$ 1,185,538
31
457,154
13
419,529
11

149

2
1
$ 25,500
$
3,000
2.5%
2
$

$ 173,217
3

2
22,000
2.5%
2

173,217
3
928
928
2

173,217
3

( CNY
200 ) ( CNY
200 )
$ 48,428
$
3,928
$ 346,434

1
(1) 1
(2) 2
2 (1) 1,732,168 10% 173,217
(2) 1,732,168 20% 346,434
3

150

3
$ 346,434
$ 23,000
$

$ 866,084

1.
2.
3.
4.
5.
6.
1.
1,732,168 20% 346,434
2.
1,732,168 30% 519,650
3.
1,732,168 50% 866,084

151

LIAN HWA INVESTMENT CO.,

LTD.

9,324

$ 195,355

100.00%

500

2,739

1,161

152

100.00%

7,011

5%

1,600

8%

98.6.23

$ 283,000

153

$ 322,668

LIAN HWA INVESTMENT
CO., LTD.

LIAN HWA INVESTMENT CADINA INTER- NATIONAL

CO., LTD.
HOLDINGS CO., LTD.

CADINA INTER
NATIONAL HOLDINGS
1
CO., LTD.
CADINA INTER
NATIONAL HOLDINGS

CO., LTD.
CADINA INTER
NATIONAL HOLDINGS

CO., LTD.

British Virgin Islands

$
309,039
$
448,240
9,324
100.00% $
195,355 ( $
29,181 ) ( $
27,161 ) 3

Cayman Islands

USD

163,574
USD
5,788

USD

274

49.00%

179,976
14,504

179,976

500

100.00%

14,504

14,504

100.00%

138,074
USD
9,988

16,550
-

100.00% (
92.75% USD

USD

USD

6,446

( USD

880 )

N/A

1,083 ) (
5,198 ( CNY

3,762 )
5,973 )

N/A
N/A

N/A

1,742 ) (

1,742 ) 3

2,739

USD

897

USD

676

32.20%

USD

428

( CNY

845 )

N/A

CNY

12,300

CNY

12,300

60.00%

CNY

5,851

( CNY

845 )

N/A

1 4,528,302 92.75% 4,200

2
3

154

26
$
1,686
$

45
896

100

283
1%

38

250
3%

16,550
1,083
100%

14,504
USD
6,446
100%

PENGUIN COMPUTING LTD.

LIAN HWA INVESTMENT CADINA INTERNATIONAL

CO., LTD.
HOLDINGS CO., LTD.
CADINA INTERNATIONAL ROYALBANK OF SOCOTLAND
HOLDINGS CO., LTD.
GROUP PLC
CADINA INTERNATIONAL
HOLDINGS CO., LTD.
CADINA INTERNATIONAL
HOLDINGS CO., LTD.

1,686
896
-

200

USD

95

USD

5,198

92.75%

USD

428

32.20%

CNY

5,851

60.00%

155

USD

95

945

USD 9,988
$

69,535

USD

9,988

92.75%

56
4,635

USD

274

USD

274

49%

20,500

USD

313

USD

313

92.20%

USD10,575

( $ 25,944 )

336

3,238 )

$407,936USD12,752

$1,049,092

LIAN HWA INVESTMENT CO., LTD.
1,748,486 60% 1,049,092
CADINA INTERNATIONAL HOLDINGS CO., LTD.
12,300 584
4,528,302

156

0
0
1
2

1
1
2
2

16,327
3,000
3,000
16,327

$
-

1. 0
2. 1

1.
2.
3.

157

0
1

1
2

2,754
2,754

1. 0
2. 1

1.
2.
3.

158

148

(02) 2553-4546