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4 2010 Annual Report 2

5 % (EPS) (ROE) 9.57%(CAR)119.34% (BIS)13.58% EPS % 8720%0.33% 326%(ROE)13.8% 2010EuromoneyFinancial InsightsThe AssetAsian Banker The Banker(Bank of the year) A(Fitch Rating) () (MOU) %28.5% 21%44%14% % 3S(simple)(sincere) (superior) 2010 (( FEDI) (ACH)) 2010 Taishin Holdings Annual Report 3

6 2010SPO %287% 2011 /3S AECFA IMF4.4% 4.0% /8% % 5.3%4.2% Annual Report 4

7 2010 Taishin Holdings Annual Report 5

8 91218 ()() ()() () % ()10 () % (Newbridge Capital)(Nomura)QE International (L) Limited % 100% ( ) () (The Banker) (Asian Banker) IT Annual Report 6

9 2010 Taishin Holdings Annual Report 7

10 Annual Report

11 () (CRM) Taishin Holdings Annual Report 9

12 Annual Report (MIS) (MIS)

13 Taishin Holdings Annual Report % 100% 92% 100% 100% 100% 100% 100% 22.82% 65.36% 87.40% 99% 100% 100% 100% 65.75% 100% %

14 () (/ ) () () () ,312, % 44,747, % TPG NEWBRIDGE TAISHIN HOLDINGS I, LTD ,991, % 346,310, % ,903, % 76,482, % () () () () ,089, % 32,166, % 4,718, % 5,237, % 41,023, % 45,536, % 40,312, % 44,747, % % % % % () () () ,547, % 1,718, % 26,726, % 29,666, % 4,280, % 4,751, % 1 2PACIFIC ALLIANCE GROUP LTD.()() EDENVALE HOLDINGS LIMITEDZOOM TELECOM SYSTEMS LTD.PACIFIC ALLIANCE GROUP HOLDINGS LIMITEDPA GLOBAL OPPORTUNITY X LIMITED Annual Report 12

15 () () % % % % % % % % % % % % % % % % % % % % Middlebury College, Vermont, USA % % % % Taishin Holdings Annual Report 13

16 () 2007/3/19 4,756, % 2, % % 2011/1/21 1,312, % % % 2011/2/ % % % 2010/4/29 250, % 16, % % 2008/12/11 2,151, % 1, % % 2009/2/1 877, % % % 2009/12/25 1,280, % % % 2005/9/ % 220, % % 2006/8/ % % % 2008/12/11 222, % % % 2011/3/1 505, % % % 2009/11/18 147, % 21, % % 2009/11/18 100, % % % 2011/2/3 38, % 8, % % 2010 Annual Report 14

17 () University of Washington Indiana University University of Delaware MBA Baker College (EMBA) SAP University of California,Los Angeles University of New Haven University of Oregon United States Intl University,Master of Science University of California,Los Angeles,MBA University of Southern California () 2010 Taishin Holdings Annual Report 15

18 ,000() 2.1,000() Annual Report 16

19 Taishin Holdings Annual Report () () 1. (1) (2) (1) (1)Thin Client (2) (3) FAM (4) (5) (2) (3) (4) (5) (6) % (2)(3) (1) (2)

20 () () () ( ) () 1. (1) (2) (1) (2) (1) (2) (3) (1)1,000 (2)1, Annual Report 18

21 2010 Taishin Holdings Annual Report 19

22 ,000, ,000,000 2,300, , ,000 2,300, ,000, ,000, , ,000, ,000,000 3,631, , ,000, ,000,000 3,632, , ,000, ,000,000 3,687, , ,000, ,000,000 3,668, , ,000, ,000,000 3,676, , ,000, ,000,000 3,756, , ,000, ,000,000 3,957, , ,000, ,000,000 4,015, , ,000, ,000,000 4,277, , ,000, ,000,000 4,298, , ,000, ,000,000 4,407, , ,000, ,000,000 4,433, , ,000, ,000,000 5,108, , ,000, ,000,000 5,108, , ,000 23,000,000 3,000,000 4,000,000 23,000,000 4,000,000 36,316,236 4,000,000 36,327,139 4,000,000 36,877,397 4,000,000 36,685,207 4,000,000 36,769,788 4,000,000 37,561,132 4,000,000 39,577,790 4,000,000 40,150,457 4,000,000 42,770,639 4,000,000 42,987,687 4,000,000 44,072,921 4,000,000 44,338,511 4,000,000 51,080,795 4,000,000 51,080,795 4,000,000 5,000, ,114,999 10,000, ,000, , ,000 51,149,993 4,000,000 5,000,000 5,123,209 51,232, ,000, ,000, ,000 4,000, ,000 5,000,000 4,869,077 48,690, ,000, ,000, ,000 4,000, ,000 5,000,000 5,424,633 54,246, ,000, ,000, ,000 4,000, ,000 5,000, ,777 7,777, ,000, ,000,000 5,438, , , ,777 54,389,420 4,000,000 5,000,000 7,777, Annual Report 20

23 ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000,000 5,438, , ,777 5,443, , ,777 5,710, , ,777 5,323, , ,136 5,909, , ,136 5,909, , ,136 5,911, , ,136 54,389,420 5,000,000 7,777,777 54,436,334 5,000,000 7,777,777 57,103,000 5,000,000 7,777,777 53,238,199 4,661,593 7,251,368 59,094,401 4,661,593 7,251,368 59,095,961 4,661,593 7,251,368 59,112,591 4,661,593 7,251, ,331,623,6231,123,486,810514,000, CB16916,900,0001,090, CB8,529852,900,00055,025, ,219, CB1,311131,100,0008,458, CB5,302530,200,00034,206,310ECB26,00726,007,000 44,928, CB8,523852,300,00054,987,065ECB84,90684,906, ,678, CB4,226422,600,00027,264,511ECB17,36717,367,000 30,002, ,413,500ECB350350,000604, CB1,267126,700,0008,737,913ECB6,7206,720,000 12,966, CB67367,300,0004,641,367ECB53,83653,836, ,881, ECB13,76413,764,00026,559, ,404,441ECB2,5002,500,0004,824, ,000,000, ECB2,9502,950,0006,919, ECB3,5003,500,0008,209, ,131,447102,541,314, ,555,557777,777,7791,333,333, ,000,000, ECB6,1006,100,00014,308, ECB2,0002,000,0004,691, ECB I220,000220,000, ,575, ,666, ,999,999, ,480,15133,840,61652,640,959104,729,617, ,620, , Taishin Holdings Annual Report 21

24 ,841466, ,777, ,000,000, , ,137 5,911,259,131 1,191,296,204 2,897,444,665 10,000,000, ,159, ,136,820 : () , , ,067, ,606, ,965,186 1,876,355,470 2,594,264,130 5,911,259, % 9.21% 13.25% 31.74% 43.89% % () ,525,811 95,370,593 6,262, ,159, % 87.20% 20.46% 1.34% 0.00% % () ,136, ,136, % 0.00% 0.00% 0.00% % % 2010 Annual Report 22

25 () ,014 23,789, % 1,000 5,000 61, ,768, % 5,001 10,000 20, ,915, % 10,001 15,000 9, ,139, % 15,001 20,000 5, ,839, % 20,001 30,000 5, ,802, % 30,001 50,000 3, ,605, % 50, ,000 2, ,852, % 100, ,000 1, ,644, % 200, , ,253, % 400, , ,608, % 600, , ,739, % 800,0011,000, ,570, % 1,000, ,259,727, % 186,285 5,911,259, % () , % 1,000 5, , % 5,001 10, , % 10,001 15, , % 15,001 20, , % 20,001 30, , % 30,001 50, , % 50, , , % 100, , ,736, % 200, , ,217, % 400, , ,869, % 600, , ,968, % 800,0011,000, , % 1,000, ,858, % ,159, % () ,000, ,136, % 3 725,136, % 2010 Taishin Holdings Annual Report 23

26 () TPG NEWBRIDGE TAISHIN HOLDINGS, LTD. 467,987, % TPG NEWBRIDGE TAISHIN HOLDINGS, LTD. 346,310, % QE INTERNATIONAL (L) LIMITED 275,966, % 218,576, % 186,251, % TAISHIN CO-INVESTOR HOLDINGS, LTD. 153,558, % 133,837, % TAISHIN CO-INVESTOR HOLDINGS, LTD. 113,633, % 90,943, % 76,482, % (1) (1) () () ,323,820 5,909,441 5,910,606 () 5,909,440 5,909, ()3 1,050, , , Annual Report 24

27 200,000, ,723,106, , ,000910, ,911,259,131 5,521,000,1195,936,559, Taishin Holdings Annual Report 25

28 8921() , , Annual Report 26

29 % 3.5% () () BBB+(twn) 93 62BBB+(twn) ( ) () 9Moneyline Telerate6165Fixing Rate 2010 Taishin Holdings Annual Report 27

30 % 2.7% () () A(twn) 94922A(twn) ( ) () 2010 Annual Report 28

31 % 2.75% ( ( ) ) ; A(twn) ( ) 7.26% () 2010 Taishin Holdings Annual Report 29

32 % 0.70% twBBB A-(twn) ( ) () Annual Report 30

33 ,777, ,159, ,136, ,000,000, %() 6.5%() ,000,000, Taishin Holdings Annual Report 31

34 () ,000, ,000,000 75,390, % 2.11% 1.06% 94/08/02 ~ 104/08/01 96/03/15 ~ 106/03/14 99/10/13 ~ 109/10/12 % 96/08/02 ~ 104/08/ % 98/03/15 ~ 106/03/ %~40% 101/10/13 ~ 109/10/ %~40% 0 1,551, ,109, ,450, ,019,000 74,720,000 % % 1.96% 1.05% 2010 Annual Report 32

35 (1) () () () 94 option 94 option 94 option 16, % , option option 94 option 330, option 96 option option option option option 67, % 67,750 1,009, % option 99 option option option option option 30, % 30, , % 13.9 (2011/2/1) (2010/8/6 ) Greg Gibb (2011/2/1) (2011/3/1 ) (2010/7/2 ) (2010/2/1 ) (2011/1/1) % 2010 Taishin Holdings Annual Report 33

36 ( ) ,000,000 1,434,003 1,006, ,347 2,899,373 4,180,063 (1,280,690) (1,295,777) $ (4.3)() Annual Report 34

37 ,140,000 23,025,063 17,167,061 5,858, , , , ,330 $ 0.80() ,000, ,573, ,988,986 23,584, ,693,676 3,100,583 3,100,583 (77,127,510) $ (2.2)() 1.: 2.: 2010 Taishin Holdings Annual Report 35

38 2010 Annual Report 36

39 % Taishin Holdings Annual Report 37

40 2. () Life Stage() () Annual Report 38

41 one stop service iPhone/Android iphone Q So Easy 2015/2020/2030/2040/ (%) () 67% 68% 21% 21% 24% 22% 17% 18% 5% 7% 33% 32% 100% 100% Taishin Holdings Annual Report 39

42 (one-stop-shopping) CRM ATM So Easy 2() ETF Annual Report 40

43 11 IMF4.4% 4.0% /8% %4.2% ,353 2, ()2, % % % % % % 1, % % % , % 3Fish-0.2% 4-/ , % %15% %10% 2010 Taishin Holdings Annual Report 41

44 4 993,367 38% 4. 1, 2 () () Annual Report 42

45 So Easy So Easy ETFETF 2 So Easy 2010 Taishin Holdings Annual Report 43

46 % % 26, , , , , , ()() 2. () 1.() Annual Report 44

47 TSE 26, , , ETF () TDR , , , OTC 3, , , () , , , , , () 4, , , (EPS) (ROA) -0.87% 4.22% 3.44% (ROE) -1.89% 8.62% 7.50% , , , ECFA () Taishin Holdings Annual Report 45

48 5 2. 1QDII %88.65% % % % 91, , , , , , , () 4. () Annual Report 46

49 2. 38(991218) , %62% %36% Taishin Holdings Annual Report 47

50 , AMC AMCAMC NPLAMC AMC 1. 1() 2() 3() 4() 5AMC 6NPL 2010 Annual Report 48

51 : % 2 20% 2010 Taishin Holdings Annual Report 49

52 ,965, ,034,95099 Cyberheart Inc. O2 Medch Inc.55,748, ,941, ,270,454277,200 26,394, ,382,34643,628,5976,753, IMF % % ECFA 100 ~ ,0002, % % 13634% Annual Report 50

53 2~3 ~ Taishin Holdings Annual Report 51

54 991,188,335,117()99.58% 1,005,483, %143,163, %95,827, %() 85,773, %()6,300, % ECFA , % %120.45% 1.77%0.96%2.27% 1-121, % LED ECFA 2, , ECFA , Annual Report 52

55 Taishin Holdings Annual Report 53

56 (Lean processing) Single Customer View Customer centric re-bundleone-stop-shopping 2010 Annual Report 54

57 (ECFA) (GI)99 4.1% % GI 3.7 overbanking MOUECFA Taishin Holdings Annual Report 55

58 MOU () Annual Report 56

59 TDRETF One-stop Shopping MOUECFA 3 4TDRETF Taishin Holdings Annual Report 57

60 95%5% MOUECFA Annual Report 58

61 NPL Taishin Holdings Annual Report 59

62 1. : 2. : 80% 20% ECFA () ITIC 80% Annual Report 60

63 182 7 (Global Insight)(100)2 3.7% 1.7%11 3.2% 1.2% 9.5% 10.82% 4.92% 4.89~7.71% 0.01~5.07% 2.21~4.10% -1.81% ,292,880, ,110,363, ,744, ,040, ,600, ()6,673, ECFA Taishin Holdings Annual Report 61

64 ,059 6,712 6, % 0.10% 0.09% 13.95% 15.82% 15.63% 80.21% 78.72% 78.58% 5.68% 5.27% 5.61% 0.08% 0.09% 0.09% 2,782 2,951 2,850 3,322 3,451 3,332 2,963 2,964 2,850 1,512 1,549 1,491 3,454 3,574 3, ,373 1,390 1,337 : : (100/1/22) , MAAMA TSP (Individual Development Program)MBO 2010 Annual Report 62

65 PayEasy.com Cool Biz C Taishin Holdings Annual Report 63

66 2010 Annual Report 64

67 () () 267,549, ,769, ,667, ,523, ,815, ,372, ,176,934 81,135,486 86,699,629 58,566,143 57,650,706 69,610,041 26,163,593 14,337,297 6,464,695 9,891,904 5,328,210 8,571,841 94,109, ,149,641 70,363,526 74,329, ,514, ,633, ,837, ,132, ,909, ,296, ,326, ,360,175 1,380,374,402 1,466,208,014 1,491,834,854 1,506,226,128 1,577,700,288 1,612,042, ,561, ,639, ,357, ,509, ,737, ,229, ,602 1,017, , , , ,860 45,983,539 44,907,490 44,032,067 42,851,989 41,962,513 41,659,744 22,442,037 20,757,601 20,757,601 21,079,935 22,091,674 22,044,837 17,822,482 18,870,862 34,401,848 25,463,237 21,125,873 20,715,718 62,576,230 54,021,688 51,971,727 43,827,047 24,638,234 23,473,242 2,330,583,988 2,338,947,054 2,352,418,553 2,374,790,405 2,469,132,426 2,473,957, ,622, ,768, ,388, ,568, ,360, ,862,243 1,628,076,369 1,669,015,794 1,731,784,195 1,842,559,851 1,932,050,531 1,903,162,951 18,138,882 18,391,519 39,757,245 19,342,423 21,586,408 15,782,067 87,195,497 84,212,588 60,543,383 33,083,342 44,194,464 48,705,028 72,145,841 62,077,023 56,179,116 44,608,499 50,038,751 49,436, , ,789, ,498, ,404,780 88,579,768 91,302,139 97,402, ,797,106 1,593,369 1,272,793 2,028,738 1,309, ,368 8,897,787 11,148,608 1,170, , ,668 19,209,972 15,719,802 17,691,040 18,726,102 10,958,872 8,908,066 9,192,023 2,177,767,368 2,181,396,986 2,205,227,029 2,218,484,581 2,302,690,386 2,302,740,918 69,880,779 69,880,779 69,880,779 65,151,162 71,009,688 71,029,859 35,448,570 19,389,426 19,071,634 19,076,045 19,102,143 19,131,957 ( (16,014,155) 4,587,095 (3,838,131) 9,074,633 8,981,537 11,950,133 ) ( 34,777 1,389, ,258,431 (1) - ) 1,107,606 (482,574) (546,608) 247, ,911 58,011 62,393,820 64,175,342 62,623,850 62,756,860 67,237,761 69,046,767 () () 152,816, ,550, ,191, ,305, ,442, ,216,72 152,816, ,034, ,191, ,345,824 (1) - 1 2()() 2010 Taishin Holdings Annual Report 65

68 () () 11,859,469 13,026,747 12,387,621 22,557,438 19,875,925 23,606,640 3, ,559 4, ,116,376 1,569,064 1,962,510 3,690,557 3,420,947 2,382, ,530, ,325, ,790, ,563, ,838, ,913,854 15,405 11,684 7,782 4,278 1,693 1, ,447,893 3,628,138 3,527,082 9,686,603 4,245,581 10,103, , , , , , , ,360, ,925, ,091, ,219, ,050, ,676,187 1,386, , , , , ,781 1,454,802 1,487,093 1,496,155 2,939,734 3,115,797 3,337,601 39,089,414 39,398,220 39,736,721 40,105,826 37,808,989 40,611, ,811 14,882 11,465 26,539 27,509 27,509 () 41,937,964 41,551,098 41,523,976 43,670,277 41,845,859 44,506,227 () 41,937,964 45,066,524 41,523,976 45,630,277 (1) 69,880,779 69,880,779 69,880,779 65,151,162 71,009,688 71,029,859 35,448,570 19,389,426 19,071,634 19,076,045 19,102,143 19,131,957 () (16,014,155) 4,587,095 (3,838,131) 9,074,633 8,981,537 11,950,133 () 34,777 1,389, ,258,431 (1) - 1,107,606 (482,574) (546,608) 247, ,911 58,011 () 90,422,800 93,374,726 84,567,674 93,548,964 99,204, ,169,960 () 90,422,800 89,859,300 84,567,674 91,588,964 (1) Annual Report 66

69 () () 44,699,041 35,684,379 32,575,562 21,918,855 24,443,272 6,211,514 8,209,610 24,876,006 16,002,016 33,619,043 28,819,590 6,460,986 (31,728,802) (12,131,170) (17,620,829) (9,589,484) (5,965,444) (759,425) (31,879,357) (32,611,981) (32,183,954) (29,881,226) (27,229,762) (6,854,175) (10,699,508) 15,817,234 (1,227,205) 16,067,188 20,067,656 5,058,900 (7,886,556) 10,855,783 (1,638,872) 10,493,538 13,915,327 4,284, , , (16,014,155) 4,552,318 (5,227,592) 8,183,147 7,723,106 2,700,091 8,870,309 6,303,465 3,588,720 2,433,211 6,192,221 1,584,794 (3.02) 0.53 (0.97) ()() () () 4,390,783 6,464,319 1,246,970 2,681,297 10,052,586 2,763, ,950 1,059, ,365 7,835, , ,226 (19,681,508) (13,471) (5,269,349) (396) (62,804) (31,669) (357,141) (371,331) (327,265) (430,614) (645,454) (130,210) (1,340,828) (2,470,418) (1,566,582) (1,975,367) (1,976,958) (362,349) (16,291,744) 4,668,655 (5,180,861) 8,110,716 7,485,872 2,639,101 (16,014,155) 4,552,318 (5,227,592) 8,183,147 7,723,106 2,700,091 () (3.07) 0.55 (0.97) () (3.02) 0.53 (0.97) Taishin Holdings Annual Report 67

70 (2) () (%) (%) (%) (%) (%) () 3,248 3,738 3,162 4,302 3, () (1) 670 (1) 822 1, (%) (0.31) 0.46 (0.07) (%) (27.24) 5.10 (9.84) (%) (13.50) (3.37) () (3.02) 0.53 (0.97) (%) (%) (%) (4.94) 3.83 (39.58) (%) (0.41) (3) (%) (327.97) (107.76) (3) (%) (%) (3) (%) (89.40) (66.04) (111.31) (16.34) (18.89) (46.94) (%) (6) (%) (6) (%) (6) (%) (6) (%) (6) (%) (6) 2010 Annual Report 68

71 (2) ,626, ,323, ,629, ,650, ,134,139 74,934,659 85,299,007 80,020,729 90,970,823 86,696, ,988, ,169, ,553, ,320, ,422,874 76,152,226 78,639,674 73,144,432 68,414,416 72,648, () 616,928 (5) 696,631 (5) 657,689 (5) 619,055 (5) 865,150 (5) 20% () (1) (2) (3) (4) (5) 2. (1) (2) (3) (4) 3. (1) (2) (3)= (1)() (2)+ 5. (1)() (2) 6. (1) (2) (3) 7. (1) (2) (3) (4) 8. (1) (2)+ (3) (3) 2010 Taishin Holdings Annual Report 69

72 2010 Annual Report 70

73 Taishin Holdings Annual Report 71

74 11000 $ 47,675,226 $ 35,368, ,140, ,154,436 ( 42) ,650,706 58,566,143 ( 2) ,328,210 9,891,904 ( 46) ,326, ,296, ,577,700,288 1,506,226, ,514,265 74,329, ,737, ,509,666 ( 17) , , ,313,362 9,232, , , ,664,114 16,100,137 ( 28) ,125,873 25,463,237 ( 17) ,794,019 27,794, ,719,049 16,682, ,094,420 8,997, , ,185 ( 2) ,147,720 2,121, ,199,206 1,762,378 ( 32) 57,871,605 58,295,323 ( 1) ( 15,984,505) ( 15,477,857) 3 41,887,100 42,817,466 ( 2) , , ,401 4, ,962,513 42,851,989 ( 2) ,091,674 21,079, ,169,414 2,245,290 ( 3) ,995,184 15,723,989 ( 87) ,428,430 18,966,433 ( 29) ,045,206 6,891, ,638,234 43,827,047 ( 44) $ 2,469,132,426 $ 2,374,790, Annual Report 72

75 21000 $ 152,360,876 $ 176,568,225 ( 14) , ,586,408 19,342, ,194,464 33,083, ,038,751 44,608, ,932,050,531 1,842,559, ,302,139 88,579, , , , ,863 ( 20) ,309,483 2,028,738 ( 35) ,908,066 10,958,872 ( 19) ,302,690,386 2,218,484, ,094,401 53,238, ,912,963 11,912, , ,996,159 16,996, ,105,984 2,079, ,227, , ,574 ( 100) ,754,310 8,183,147 ( 5) ( 44,645) ( 5,029) , ,153 ( 38) ,204,279 93,548, ,237,761 62,756, ,442, ,305,824 6 $ 2,469,132,426 $ 2,374,790, Taishin Holdings Annual Report 73

76 41000 $ 38,865,514 $ 41,416,958 ( 6) ( 14,422,242) ( 19,498,103) ( 26) 24,443,272 21,918, ,555,916 12,798,696 ( 10) ( 800,933) 3,419,805 ( 123) , , ,219 26,926 ( 47) ,500,621 1,764, ( 25,568) ( 153,527) ( 83) ,759,890 ( 100) ,653,289 6,154, ,703 1,041,032 ( 11) ,445, , ( 2,000,000) ,922,466 1,507, ,262,862 55,537,898 ( 4) ( 5,965,444) ( 9,589,484) ( 38) ($ 16,368,071) ($ 17,190,770) ( 5) ( 2,145,083) ( 2,477,818) ( 13 ) ( 8,716,608) ( 10,212,638) ( 15 ) ( 27,229,762) ( 29,881,226) ( 9) ,067,656 16,067, ( 6,152,329) ( 5,573,650) ,915,327 10,493, Annual Report 74

77 , ,820 ( 100) $ 13,915,327 $ 10,616, $ 7,723,106 $ 8,183,147 ( 6) ,192,221 2,433, $ 13,915,327 $ 10,616, $ 1.67 $ 1.06 $ 1.71 $ $ 1.67 $ 1.06 $ 1.74 $ $ 1.67 $ 1.06 $ 1.71 $ $ 1.67 $ 1.06 $ 1.74 $ Taishin Holdings Annual Report 75

78 $ 57,103,001 $ 12,777,778 $ - $ 16,996,159 $ 2,075,475 $ - ( 3,864,802) ( 864,815) ,411 53,238,199 11,912,963-16,996,159 2,075,475 4, ,856, , , $ 59,094,401 $ 11,912,963 $ 2,324 $ 16,996,159 $ 2,075,475 $ 30, Annual Report 76

79 $ 408,912 $ 482,574 ($ 4,729,617) $ 51,369 ($ 597,977) $ 62,623,850 $ 147,191, ,729, ( 2,943,744) ( 2,943,744) ,183 6, ( 56,398) - 20 ( 56,378) , ,837 1,688, ( 38,617) ( 38,617) - - 8,183, ,433,211 10,616, ( 162,880) ( 158,469) 408, ,574 8,183,147 ( 5,029) 252,153 62,756, ,305, ,315 - ( 818,315) ( 482,574) 482, ( 1,050,000) ( 1,050,000) - - ( 910,000) ( 910,000) - - ( 5,856,202) ( 1,451,178) ( 1,451,178) ( 39,616) - ( 134,050) ( 173,666) ( 96,597) ( 155,996) ( 252,593) ( 21,141) ( 21,141) - - 7,723, ,192,221 13,915, , , ,633 25, ,287 25,287 $ 1,227,227 $ - $ 7,754,310 ($ 44,645) $ 155,556 $ 67,237,761 $ 166,442, Taishin Holdings Annual Report 77

80 $ 13,915,327 $ 10,616,358 - ( 163,760) 1,774,259 1,944, , ,111 5,965,444 9,589,484-2,000,000 16,762 11,122 26,223 - ( 182,868) 113,573 ( 14,219) ( 26,926) 7,128 11,096 ( 126,878) ( 107,997) ( 2,227,188) ( 3,603,256) - ( 7,759,890) 2,574,697 ( 389,638) 25, ,527 1,388,172 ( 20,113) 5,890,292 4,934,789 ( 277,904) ( 146,426) 199, , , ,616 ( 19,203,564) ( 9,089,267) 20,403,738 29,003,458 ( 266,202) ( 508,678) ( 156,310) 402,480 4,837,610 ( 5,281,136) ( 17,806,120) ( 23,754,046) ( $118,110) ( $78,175) ( 2,725,309) 1,154,622 14,694,654 10,597, Annual Report 78

81 ($ 1,051,124,842) ($ 83,702,880) 902,945,118 79,226,361 ( 113,465) ( 1,852,163) 3,704,962 3,198,980 (1,140,129,178) (1,386,769,961) 1,179,507,095 1,332,443,337 ( 55,748) ( 28,205) 463, ,450 50,914 9,450 - ( 242,881) ( 1,055,974) ,825, ,243 ( 890,255) ( 2,569,793) 5,227 2,178, ,880-29,247 ( 666,123) 33,695 ( 424,700) 13,728,805 ( 3,200,810) ( 64,313) ( 20,379) - 2,381 ( 4,090,570) - 92,013,813 ( 959,996) ( 77,466,571) ( 23,874,291) 4,563,694 ( 4,027,225) ( 77,808,337) ( 64,867,850) 114,915 ( 321) 5,300,000 - ( 8,000,000) - 15,000,000 - ( 10,000,000) ( 24,100,000) 188, ,000 11,111,122 ( 22,249,800) 2010 Taishin Holdings Annual Report 79

82 $ 5,077 $ 31,009 ( 3,411,178) ( 2,918,457) 2,324 - ( 24,207,349) ( 6,820,442) 89,317, ,719,278 75,419,925 54,823,267 - ( 5,656,776) 12,306,242 ( 5,104,355) 35,368,984 40,473,339 $ 47,675,226 $ 35,368,984 $ 13,907,402 $ 24,086,746 $ 601,704 $ 678, Annual Report 80

83 % 22.81%1,400, % %103, %30,00092% 27, % 37.01% 2010 Taishin Holdings Annual Report 81

84 7,759,890 4,492,308 27,876,650 25,825,4521,424,684 13,57512, Annual Report 82

85 100.00% % % % % % % % % % % 22.55% 22.55% 92.00% % % 0.27% 60.00% 60.00% 87.40% 87.40% 65.36% 65.36% 40.00% 40.00% % % % % % % % 92% 100% 2010 Taishin Holdings Annual Report 83

86 99.00% 99.00% TSC Capital Limited B.V.I % % % % 65.75% 65.75% %0.01% 0.01% 0.48% 0.07% 100% % 2010 Annual Report 84

87 $547,544 77,586 5,864 2, ,500 9,913 71, ,151 (3,343) (22,668) (10,931) 1,146,640 (547,544) $599,096 $7,430 3,615,883 47,202 11, ,969 59,873 (316,468) 4,098,000 (7,430) $4,090, Taishin Holdings Annual Report 85

88 2010 Annual Report 86

89 2010 Taishin Holdings Annual Report 87

90 2010 Annual Report 88

91 2010 Taishin Holdings Annual Report 89

92 2010 Annual Report 90

93 $13,151,700 $12,299,779 7,019,371 5,902,365 24,692,626 14,590,066 2,811,529 2,576,774 $47,675,226 $35,368,984 $22,816,987 $19,776,450 48,672,857 46,166, , ,568 34,011,447 41,388,832 20,172, ,300, , ,699 $126,140,623 $218,154,436 71,730,78066,236,905 $24,461,957 $25,978,921 1,703, ,669 4,099,939 5,626,185 6,741,483 4,175, , , , ,243 1,919, ,449 3,384,348 1,576,516 7,447,829 12,692, Taishin Holdings Annual Report 91

94 2,055, , , ,569 19,260 69,348 41, , ,958 26,897 54,435 15,837 28,090 1,740,424 1,713,235 2,819 1,149,765 59,512 53,367 56,050,068 56,528,031 1,600,638 2,038,112 $57,650,706 $58,566,143 19,380,00017,789,300 $1,567,167 $755,982 7,041,629 1,335,303 7,553,581 12,488,419 2,816,363 1,162, , ,618 30,596 77, , , , ,940 2,819 1,149,765 98, ,650 26,890 54,435 16,340 35,731 30,068 23, , ,927 $21,586,408 $19,342, Annual Report 92

95 $84,932,192 $108,390, ,347, ,173, ,125, ,121,415 42,339,469 45,952, ,619 1,073,061 $340,340 $- 79,041,610 50,839,025 12,481,000 23,082,700 5,060,912 4,874, ,326 33,322,699 2,607,197 10,644,566 2,186,990 2,324,609 76,920 35, ,000 1,090, , ,000 4,170,500 4,528, ,000 19,249,17213,784,212 5,437,83027,1307,445,7241,680,176 5,758,8986,650 20,050,10516,358,909 3,691,1964,025,9191,290,5382,735, Taishin Holdings Annual Report 93

96 $100,498,577 $75,778, , ,404 9,055,418 8,738,565 $263,565 $269,732 3,446,951 3,423,027 2,015,446 2,269,240 6,441,427 6,291,193 4,814,172 6,241, ,221, ,441,464 (894,390) (1,145,340) $126,326,832 $102,296,124 $2,634,687 $ 3,438,656 4,059,125 6,411,845 4,319,063 4,273, ,439, ,898, ,224, ,146, ,361, ,177,456 7,923,210 15,271,106 1,596,961,307 1,525,617,245 (19,261,019) (19,391,117) $1,577,700,288 $1,506,226, Annual Report 94

97 $1,145,340 $5,912,560 $13,478,557 $20,536, , , , , ,576 (305,196) 2,571,961 3,724,689 5,991,454 (16,511) 164,580 (148,069) - (101,877) (7,092,659) (148,541) (7,343,077) 3, , ,142 - (327,641) - (327,641) 11,659 40,195 (1,856) 49,998 (29) (76,562) (90,929) (167,520) $894,390 $2,447,168 $16,813,851 $20,155,409 $1,443,107 $9,782,763 $13,563,730 $24,789, , , ,248 9,044,713 (56,854) 9,383,107 (406,000) 406, (476,359) (14,095,384) (25,487) (14,597,230) 224, , ,369 - (518,696) - (518,696) (35,044) 154,679 3, ,688 (241) (26,205) (5,885) (32,331) $1,145,340 $5,912,560 $13,478,557 $20,536,457 $5,991,454 $9,383,107 (26,010) 206,377 $5,965,444 $9,589, Taishin Holdings Annual Report 95

98 $138,910,330 $5,012,859 3,020,262 2,216,509 43,832,733 34,269,274 27,241,233 29,237,467 7,426,330 2,579,010 1,083,377 1,014,229 $221,514,265 $74,329,348 24,903,044 16,012,500 4,015 $182,573,462 $217,089, ,754 2,455,514 13,237,250 16,892,243 17,591 72,798 $196,737,057 $236,509,666 1,297,264624, Annual Report 96

99 $164, $162, , , , , , (17) (8,387) , , ,447 8, $240,925 $225,464 $- $- ($11,487) ($10,568) ,826 17,060 B.V.I ,722 36,722 TSC Capital Limited - - (23,424) (23,424) 2,430 2, ,459 1,459 2,745 2,765 60,592 18,178 27,371 8,211 1,836 1,836 (900) (900) (10,324) (9,661) (5,362) (3,526) $14,219 $26,926 $488,928 $- 8,824,434 8,863, ,200 $9,313,362 $9,232,752 Cyberheart Inc. 25,56816, Taishin Holdings Annual Report 97

100 $11,358,321 $15,807, , ,205 (327,641) (518,696) 25,366 42,290 $11,664,114 $16,100, ,672Golden Belt Saad Group $27,794,019 $- $27,794,019 $27,794,896 16,719,049 (5,302,114) 11,416,935 11,833,321 9,094,420 (7,171,322) 1,923,098 2,451, ,191 (769,679) 147, ,286 2,147,720 (1,851,807) 295, ,898 $1,199,206 ($889,583) $309,623 $269,926 19,012-19, ,401-56,401 34,076 $ 57,947,018 ($ 15,984,505) $ 41,962,513 $ 42,851,989 17,600,470108,475 $12,480,372 $80,974 $12,481,090 $81,290 4,397,674 12,533 4,430,558 12,217 $16,878,046 $93,507 $16,911,648 $93,507 5,607,1135,619, Annual Report 98

101 $21,012,047 $20,586, , , ,188 58,549-35,217 - $22,091,674 $21,079, , % 4, , %2.58% $36,844,375 $3,833,096 $81,535,281 $89,878,748 (6,275,753) (6,536,466) 75,259,528 83,342, % 2.58% $17,168,136 (17,168,136) $2,150,507 (2,150,507) $19,676,239 $1,682, ,953 21,112, %1,682,589 19,430, (99) Taishin Holdings Annual Report 99

102 5. 425, ,969112,162560, % 68,88110,33258,549 $86,850 $57,603 33,695-5,511,988 5,521,234-16,134 72, , , ,209 1,030, ,503 $7,045,206 $6,891, (1) (2) (1) 2010 Annual Report 100

103 (2) (3) (4) (5) $4,762,894 $4,796,044 1,127,177 1,066,546 (405,121) (368,394) 5,484,950 5,494,196 27,038 27,038 $5,511,988 $5,521,234 $10 $- 185, , , , , , ,478 1,471, , , , , , , , ,657 1,525, ,954 ($53,522) $16, Taishin Holdings Annual Report 101

104 $30,354 $161,625 23,098,294 24,270,502 50,981,867 73,959,086 76,460,417 74,611,144 1,789,944 3,565,868 $152,360,876 $176,568,225 $100,000 15,000 (85) $114, %0.8% $25,751,959 $22,283,840 5,131,786 4,305,242 3,234,282 3,036,107 1,948,325 1,826, , ,909 9,968,661 9,299, , , , , , , ,000-1,851,752 2,241,506 $50,038,751 $44,608, Annual Report 102

105 $39,167,279 $38,248, ,294, ,931, ,046, ,627,841 13,511,300 10,072, ,198, ,279,842 1,832,420 1,400,799 $1,932,050,531 $1,842,559,851 $30,950,000 $33,650,000 7,000,000 7,000,000 (141,011) (544,174) 53,493,150 48,473,942 $91,302,139 $88,579,768 $- $8,000,000 2,000,000 2,000,000 5,000,000 5,000,000 12,000,000 12,000,000 3,650,000 3,650,000 3,000,000 3,000,000 7,000,000 7,000,000 (141,011) (544,174) 5,300,000 - $37,808,989 $40,105, Taishin Holdings Annual Report 103

106 Annual Report A % B C D E F G H I J K L A % 5.7% 11Moneyline Telerate Fixing Rate

107 2. (1) 20 (2) 1 (3) (4) (5) 7 (6) 2.9% (7) (8) (9) 100% 3. (1) 50 (2) 1 (3) (4) (5) 7 (6) 3.5% (7) (8) (9) 100% 4. (1) (2) 1 (3) (4) (5) 2.70% (6) (7) (8) 100% 5. (1) 365 (2) 1 (3) 2010 Taishin Holdings Annual Report 105

108 (4) (5) 7 (6) 2.70% (7) (8) (9) 100% 6. (1) 30 (2) 5 (3) (4) (5) 7 (6) 0.50% (7) (8) (9) 100% 7. (1) 70 (2) 5 (3) (4) (5) 5 (6) 2.75% (7) (8) A. B C (9) (10) A.30 50% 2010 Annual Report 106

109 B. 10% (11) 8. (1) 53 (2) 1 (3) (4) (5) 7 (6) 2.3% (7) (8) (9) 100% $- $5,000,000-5,000,000 1,508,000 1,508,000 3,300,000 3,300,000 5,000,000 5,000,000 5,192,000 5,192,000 10,000,000 - $25,000,000 $25,000, % % (1) % 1.85% 2010 Taishin Holdings Annual Report 107

110 (2) A B % 0.50% 2.25% 0.75% (3) % 0.80% 0.95% 1.85% 1.85% 2010 Annual Report 108

111 (4) % 1.10% (5) A B C % 3.20% 0.65% 2010 Taishin Holdings Annual Report 109

112 A % B % $2,000,000 $2,000, , ,942 2,143,150 2,123,942 5,000,000 5,000,000 3,000,000 3,000,000 8,350,000 8,350,000 5,000,000 5,000,000 5,000,000-26,350,000 21,350,000 $28,493,150 $23,473, (1) (2) (3) (4) (5) 3.30%3.85% 1.00%4.60% 2010 Annual Report 110

113 (6) (7) 2. (1) 50 (2) (3) (4) 7 (5) % (6) 3. (1) 50 (2) (3) (4) 7 (5) 3.10% (6) (7) 2,000,000148,397130, (1) 83.5 (2) (3) (4) 7 (5) 3.05% (6) 5. (1) 50 (2) (3) (4) 7 (5) 2.30% (6) 6. (1) 50 (2) (3) 2010 Taishin Holdings Annual Report 111

114 (4) (5) 3.15% 4.15% (6) $350,000 $162, %1.15%1.30%1.50% $385,846 $465,643 68,825 47, , ,636 3, ,583 1,144,911 $1,309,483 $2,028, ()() 2,000, Annual Report 112

115 $1,254,647 $1,096,021 5,607,113 5,619,574 1,261,823 1,266, ,088 2,503, , ,684 53, , ,808 $8,908,066 $10,958, , ,998 2%15% 681,109633,049 $492,092 $525, , ,879 (107,097) (108,030) 2,950 18, $268 $2,206 56,146 13,835 (171) (10,537) $619,429 $633, Taishin Holdings Annual Report 113

116 ($3,689,434) ($3,010,647) (2,865,769) (2,456,818) (6,555,203) (5,467,465) (2,035,445) (1,804,534) (8,590,648) (7,271,999) 6,923,115 4,254,708 (1,667,533) (3,017,291) 7,227 6,974 1,389, , (9,650) (12,153) (47,687) (120,415) ($327,088) ($2,503,885) $4,050,985 $3,643, % 2.00%2.75% 2.00%3.75% 2.00%3.50% 2.00%3.00% 2.00%3.00% $2,665,281 $627,427 $172,617 $67, Annual Report 114

117 1. 100,000,00010,000,000 71,007,3645,909,4401,191,29610 $23,000,000 $7,000,000 30,000,000 - (3,000,000) (3,000,000) - (4,000,000) (4,000,000) 13,316,236-13,316,236 8,222,223-8,222,223 5,989,867-5,989,867-5,000,000 5,000,000-7,777,778 7,777,778 15,164,382-15,164,382 (2,733,505) - (2,733,505) (3,864,802) (864,815) (4,729,617) $59,094,401 $11,912,963 $71,007,364 (1) 112,300,000300, ,000 (2) ,331,624 (3) 555, ,000,000 (4) 266, ,000,000 (5) %386,480 (6) 5,856,202 (7) % , ,000,0003.5% 33, , ,000,0006.5% 52, Taishin Holdings Annual Report 115

118 0 77,000150, ,00077,5491, % 1540% 1540% 3080% 1540% 45100% 1540% 60100% 1540% 100% 1540% 1540% 1540% 3080% 1540% 45100% 1540% 60100% 1540% 100% 20% 20% 20% 40% 20% 60% 20% 80% 20% 100% 2010 Annual Report 116

119 - $- 75, , ,640 $ ,950 $ , , , , ,348 33, ,410 $ ,230 $ , , , , ,216 81,246 $ , $ $ , , , , ,474 : Black-Schole % 14.48% 38.02%38.73% 33.26% 32.65% 1.06%1.23% 2.15% 1.94% Taishin Holdings Annual Report 117

120 $7,723,106 $8,183,147 7,635,466 8,034, ,102,143850, () 10% 0.01%2% 100% ,316108,097 50% 1,960,0005,856, , , , Annual Report 118

121 $30,198,739 $31,924, ,518 1,956,516 13,414 3,130 $4,161,366 $3,804,547 1,695,217 1,361, , ,029 2, ,009 2,024,096 1,480,537 38,865,514 41,416,958 (10,023,302) (14,673,211) (1,258,634) (1,719,118) (178,999) (100,888) (2,853,057) (2,960,230) (108,250) (44,656) (14,422,242) (19,498,103) $24,443,272 $21,918,855 $540,298 $505, , , , ,162 1,672,341 1,255, ,676 3,953,500 3,085,957 2,588,035 2,468,557 1,834,028 3,092,646 2,583,688 1,868,378 1,568,536 14,090,602 15,378, Taishin Holdings Annual Report 119

122 (169,963) (143,464) (251,977) (175,900) (1,500) (313,894) (420,293) (387,181) (438,559) (269,489) ($815,033) ($690,679) (158,796) (155,807) (278,565) (443,133) (2,534,686) (2,579,547) $11,555,916 $12,798,696 $14,050,340 $14,764, , ,123 1,131,654 1,044, , ,623 $16,368,071 $17,190,770 $1,774,259 $1,944, , ,111 $2,145,083 $2,477, Annual Report 120

123 17%25% $518,575 $507,210 3,037, ,730 $2,852,809 $4,115,059 2,842 31,010 (277,904) (146,426) - (2,432) 10% ,072 29, ,152-5,431 56,957 78,293 (68,776) 32,551 $6,152,329 $5,573, $10,438,274 $13,971,924 2,622,602 3,407,231 29,181 20,418 7, , ,576 73,603 27,475 31, , ,252 76, , , ,438 35,081 41,308 23,850 13,995 (62,041) (40,651) 14,117,649 19,248,402 (483,380) (50,719) (195,887) (230,455) (9,952) (795) (689,219) (281,969) $13,428,430 $18,966, Taishin Holdings Annual Report 121

124 $1,991 $1,109 3,480 4,095 4,874,712 6,767,930 4,648,673 6,181, , , , ,994 16,042 14,015 39,804 - $10,438,274 $13,971, $93,334 $29,495 $8,384 $108 $160,680 $28,956 $287,051 $281,761 $9,640 $307,585 $15, % 0.37% NA 0.04% 1.93% NA~48.15% 6.53%11.77% 31.22% 4.05% 9.74% NA45.88% ,875 1,149, Annual Report 122

125 635,098758,768758,518758,518 18,10971, $7,754,310 $7,876,412 $23,974 $296,330 $8,325,797 $14,705 $8,183,147 $944,099 $234,164 $3,174,710 ($34,657) (91) , Taishin Holdings Annual Report 123

126 $11,330,771 $7,723,106 (1,435,000) (1,435,000) 9,895,771 6,288,106 5,909,441 $1.67 $ $9,895,771 $6,288,106 5,909,474 $1.67 $1.06 $11,577,329 $8,060, , ,820 11,741,089 8,183,147 (1,435,000) (1,435,000) $10,306,089 $6,748,147 $10,142,329 $6,625,327 $1.71 $ , , ,306,089 6,748,147 5,909,440 $1.74 $ $10,306,089 $6,748,147 5,909,483 $1.74 $ Annual Report 124

127 100% 100% 65.75% 100% 100% 100% 1. $1,228, % $20,179 1,204, % , Taishin Holdings Annual Report 125

128 52 $71,651 $80,413 $71,651 $ , , ,235-65,000 65,000 65,000-86, ,000 86, , , ,000 - $200,000 $200,000 $200,000 $- 58,500 58,500 58,500-13,000 43,000 13,000-45,000 45,000 45,000 - $1,228,386 $1,228,386 $1,189 $6, $- $422, ($1,595) 176, (486) 123, (12) 1,707,019 (7,956) $2,429,845 ($10,049) 39 $65,979 $72,154 $65,979 $ , , ,366-65,000 65,000 65, , , , , , , , , ,000-58,500 58,500 58,500-42,000 62,000 42,000-45,000 45,000 45,000-14,390 15,410 14,390 - $1,204,235 $1,204, Annual Report 126

129 $6,162 $300, $- $423, ($7,197) 670, (10,661) 173, (307) 128, (235) 111, (79) 1,731,409 (11,506) $3,239,401 ($29,985) 1,340,495 1,456, %13.00% $558, $6, , , $7,519 $9,192 $7,519 $ , , ,646-30,000 30,000 30, ,090 4,175 2, $7,467 $8,519 $7,467 $ , , ,259-30,000 30,000 30, , % 2010 Taishin Holdings Annual Report 127

130 2. $- $- $200, $- - 3,380,475 3,953, $3,380,475 $3,953,508 $200,000 $- $2,697,519 $2,517,485 $- - $ $250,000 ($3,567) $50,000 (88,943) 30,000 (56,460) 25,000 (3,397) 600,000 (93) ($1,942) (88,943) (56,460) (3,397) (11,116) $250,000 ($3,627) 640,600 (1,364) 1,500,000 (6,142) $1,624 (13,496) (11,210) $- $500, $14 150, , ~0.47 (554) 2010 Annual Report 128

131 $- $1,405, $31-400, (130) $136,239 $132, , , ,017 1,766 $409,726 $274, (1) 100% 100% 100% 100% 100% 100% 100% 100% 2010 Taishin Holdings Annual Report 129

132 100% 100% 100% 100% 65.75% 100% 100% 100% 100% 100% (2) A. $1,228, % $20,179 1,204, % , $71,651 $80,413 $71,651 $ , , ,235-65,000 65,000 65,000-86, ,000 86, , , , , , ,000-58,500 58,500 58,500-13,000 43,000 13,000-45,000 45,000 45,000 - $1,228,386 $1,228, Annual Report 130

133 39 $65,979 $72,154 $65,979 $ , , ,366-65,000 65,000 65, , , , , , , , , ,000-58,500 58,500 58,500-42,000 62,000 42,000-45,000 45,000 45,000-14,390 15,410 14,390 - $1,204,235 $1,204,235 $1,189 $6, $- 4,058 4, $6,162 $300, $- 4,618 4, $19,875, ($80,651) 523, (1,598) 830, (619) 422, (1,595) 284, (480) 125, (559) 176, (486) 180, (919) 139, (529) 123, (12) 1,950,092 (8,764) $24,633,675 ($96,212) 2010 Taishin Holdings Annual Report 131

134 $22,557, ($27,686) 670, (10,661) 467, (421) 423, (7,197) 214, (1,312) 129, (867) 173, (307) 128, (235) 111, (79) 1,854,935 (18,751) $26,731,015 ($67,516) B. $- $500, $14-1,955, , (6) $- $1,405, $31 1,000,000 2,190, , (4) - 966,000-1,796 C. $1,587,273 $1,777,357 $- - $ , ,122,309 4,016, ,380,475 3,953, ,877, $7,090,057 $9,747,847 $2,077,201 $ Annual Report 132

135 $1,912,727 $802,648 $52,682 (5.80)0.10 $- - 2,532,031 3,250, ,697,519 2,517, ,040,232 13,344, ,795, $19,182,509 $19,915,365 $2,847,985 $- D $250,000 ($3,567) 600,000 (93) 4,200,000 20,677 ($1,942) (11,116) 32, $250,000 $ ,000 (3,627) 640,600 (1,364) 1,500,000 (6,142) 8,100,000 15,337 ($4,582) 1,624 (13,496) (11,210) 53,566 E. 187,85058, , Taishin Holdings Annual Report 133

136 F. $868,089 $796, , ,610 (3) $108,660 $100,526 1,601 1, , ,625 $265,129 $232, (1) (2) A. $1,651, $22,649 1,668, , % B. $558, $6, , , Annual Report 134

137 25 $7,519 $9,192 $7,519 $ , , ,646-30,000 30,000 30, ,090 4,175 2, $7,467 $8,519 $7,467 $ , , ,259-30,000 30,000 30, , % 8, %1.3% C $50,000 ($88,943) 30,000 (56,460) 25,000 (3,397) ($88,943) (56,460) (3,397) 2010 Taishin Holdings Annual Report 135

138 D E. $30,000 $ $30 16, , , F. 618,18754,800385,00050,000 (3) 3. $47,359 $42,523 14,402 10,425 71,115 18,458 $132,876 $71,406 3,862 (1) 100% 100% 100% (2) $176, , Annual Report 136

139 4. (1) 100% 100% 100% 100% 100% (2) A. $- $240, $6-1,955, (593) 150, , (554) $- $450, $4 1,000,000 2,190, (964) - 400, (130) 200,0001,100,000 B. $1,777,357 $1,587,273 $- - $- - 1,015,297 1,724, , $2,792,654 $3,311,977 $176,820 $- $802,648 $1,912,727 $- - $52,682 (5.8)0.1 2,983,327 4,178, $3,785,975 $6,091,693 $- $52, Taishin Holdings Annual Report 137

140 C. D. $500,000 $500,000 $- $- 8/2/2011-5/16/2013 $4,200,000 ($20,653) $29,466 (62,356) (3) $11,259 $20,210 17,300 4, $28,667 $25, (1) 100% 100% 100% (2) $125, $135, ,697 9,494,153546, , Annual Report 138

141 5,490,584158,000 30% 70%40% A. $13,975,723 $- ($266,756) $13,708,967 $14,216,169 $- ($240,446) $13,975,723 B. () $138,934 $- ($87,783) $- $- $51,151 (145,800) - - (4,295) - (150,095) ($6,866) $- ($87,783) ($4,295) $- ($98,944) () $214,948 $- ($76,014) $- $- $138,934 (216,800) ,476 11,524 (145,800) ($1,852) $- ($76,014) $59,476 $11,524 ($6,866) % 100% 100% % 2010 Taishin Holdings Annual Report 139

142 8. 100% 100% 9. 92% 92% 100% 100% $1,995,184 $15,723,989 86,850 57,603 33,695-1,155,536 61,354 8,759,458 1,643,806 5,294,219 6,628, Annual Report 140

143 $51,347,066 $57,640,662 35,580,678 32,868, ,600, ,968, , , ,381, ,423, ,621, ,213, $823, , , , , Taishin Holdings Annual Report 141

144 $47,675,226 $47,675, ,140, ,140,623 57,650,706 57,650,706 5,328,210 5,328, ,326, ,326,832 1,577,700,288 1,577,700, ,514, ,514, ,737, ,856,709 9,313,362 9,313, , ,397 11,358,321 10,403, , , ,360, ,360, , ,915 21,586,408 21,586,408 44,194,464 44,194,464 50,038,751 50,038,751 1,932,050,531 1,932,050,531 91,302,139 93,034, , , , , Annual Report 142

145 $35,368,984 $35,368, ,154, ,154,436 58,566,143 58,566,143 9,891,904 9,891, ,296, ,296,124 $1,506,226,128 $1,506,226,128 74,329,348 74,329, ,509, ,566, , ,348 15,807,338 14,734, , , ,568, ,568,225 19,342,423 19,342,423 33,083,342 33,083,342 44,608,499 44,608,499 1,842,559,851 1,842,559,851 88,579,768 89,467, , , , , Taishin Holdings Annual Report 143

146 $39,508,279 $18,142, ,756,416 19,757, ,856,709-10,403, ,397 6,216 21,580,192 $34,068,931 $24,497,212 38,621,395 35,707, ,566,948-14,734, , ,650 18,726, ,934(2,725,888) 1,093,033(703,395) 37,416,39314,316,079 40,131,07519,416, ,4241,416, ,021565, Annual Report 144

147 market risk factor sensitivity foreign exchange rate factor sensitivity, FX Delta 100% interest rate factor sensitivity 0.01%1 DV01PVBP 100% EUR $10,458 ($17,416) JPY (2,561,457) (1,744,782) USD (32,183) 54,521 2,208,193 1,206,654 DV01 TWD ($20,663) ($14,130) USD (150) (118) (192) (153) TWD 4,519 2,604 USD 2 (23) (101) (123) TWD (37) (35) USD TWD 5,672,456 2,260,357 USD 5,135 1,071 USD 31,322 30, Taishin Holdings Annual Report 145

148 $51,347,066 $57,640,662 35,580,678 32,868, ,381, ,423, ,621, ,213,886 $387,516, $392,718, ,363, ,033, ,036, ,187, ,717, ,135, ,802, ,575, ,374, ,746, ,150, ,219, $1,596,961,307 $1,525,617,245 $1,518,641, $1,439,697, ,278, ,548, ,388, ,756, ,652, ,614, $1,596,961,307 $1,525,617,245 (1) (2) 26.04%22.75% 2010 Annual Report 146

149 (3) (4) (5) 20.86%24.08% 4. (1) (2) 5. (0.07)%0.40% %4.62% 0.37%6.00% 0.72%2.71% 0.51%7.38% 2.65% 0.54%0.62% 0.08%20.00% 0.65%6.20% 0.22%0.55% %4.00% 0.01%4.20% 0.65%9.23% - (0.36)%0.15% %5.75% 0.30%6.50% 0.63%3.78% 0.39%7.38% 0.08%20.00% 0.50%6.00% 0.00%0.45% %4.00% 0.01%4.95% 0.65%9.23% Taishin Holdings Annual Report 147

150 6. $2,000,000 $148,397 $2,000,000 $130,348 $14,246,193 $- - 14,246,193 $14,246,193 $14,246, % 8,474,871 $8,356,041 $8,233,834 $12,410,894 $12,136,439 $158,995 ($464,986) $268,950 $1,567, Annual Report 148

151 96,269, ,734, % 82,739,946 48,729, % 23,715,476 17,647, % 5,419,843 1,527, % 2,313, , % 814, , % 1,566,705 1,256, % 4,155 2, % 778, , % 286, ,916 (127,211,587) (112,870,809) 86,696,180 72,648, % 100,586, ,284, % 73,618,718 45,463, % 22,704,745 16,765, % 5,895,331 2,171, % 810, , % 1,617, , % 4,611 2,548 (114,267,559) (100,595,944) 90,970,823 68,414, % 2010 Taishin Holdings Annual Report 149

152 $59,094,401 11,496,407 13,863,242 2,324 2,956,182 1,227,227-7,754, , ,776-96,269,228 $53,238,199 11,078,048 24,299,614-2,930, , ,574 8,183, , , ,586, Annual Report 150

153 $334,408, % 36,000, % 34,942, % 29,895, % 26,000, % 20,807, % $9,715, % 9,398, % 8,440, % 8,363, % 5,863, % 5,094, % 4,877, % 4,719, % 4,718, % 4,695, % 4,293, % Deutsche Bank 4,279, % 4,114, % US GOVT 4,058, % 3,930, % FANNIE MAE 3,831, % 3,800, % 3,772, % 3,622, % 3,512, % 3,400, % 3,245, % 3,140, % 596,942,833 $29,501, % 6,885, % 4,589, % 3,507, % 2010 Taishin Holdings Annual Report 151

154 3,452, % 3,266, % 3,202, % 3,157, % 57,563,310 25,472, % 17,129, % 10,233, % 9,658, % 7,703, % 7,551, % 7,430, % 7,048, % 6,739, % Leadtek Global Group Limited 6,687, % 6,490, % 6,484, % 6,484, % 6,389, % 6,322, % 5,693, % 5,663, % 5,493, % 5,428, % 5,224, % 3,861, % $3,830, % 3,801, % 3,715, % 3,694, % 3,634, % 3,550, % 3,377, % 3,342, % 3,205, % 3,166, % 3,096, % 3,036, % 210,643, Annual Report 152

155 $138,738, % 47,000, % 32,771, % 23,200, % 18,226, % 12,519, % 12,448, % 11,882, % 10,800, % 9,759, % 8,279, % 7,757, % $6,468, % 6,394, % 5,839, % Deutsche Bank 5,067, % 4,824, % 4,777, % 4,367, % 3,867, % 3,854, % 3,630, % 3,486, % 3,300, % 3,290, % 3,217, % FOXCONN (FAR EAST) LIMITED 3,217, % 3,133, % 402,121,245 XX 15,088, % XX 5,810, % 20,899,430 17,872, % 10,818, % 9,654, % 8,348, % 7,647, % 7,417, % 6,914, % 6,396, % 6,312, % $6,151, % 5,950, % 5,948, % 5,935, % 5,421, % 2010 Taishin Holdings Annual Report 153

156 5,232, % 4,497, % 4,184, % 4,088, % 4,088, % 4,054, % 3,982, % 3,956, % 3,790, % 3,725, % Leadtek Global Group Limited 3,664, % 3,654, % 3,620, % 3,450, % 3,381, % 3,366, % 3,350, % 3,328, % 3,320, % 3,254, % 3,106, % 3,085, % 3,060, % 196,034,003 () $25,820,116 $2,894 $163,401 ($1,543,139) $24,443,272 () 28,261, , ,733 (158,645) 28,819,590 () 54,081, , ,134 (1,701,784) 53,262,862 (5,954,801) - (6,348) (4,295) (5,965,444) (26,071,555) (238,627) (134,623) (784,957) (27,229,762) () 22,054,821 38, ,163 (2,491,036) 20,067,656 (6,269,139) 5,918 (112,834) 223,726 (6,152,329) () $15,785,682 $44,626 $352,329 ($2,267,310) $13,915,327 () $22,403,870 $810,903 $205,963 ($1,501,881) $21,918,855 21,468,148 4,533, ,921 7,275,167 33,619,043 43,872,018 5,344, ,884 5,773,286 55,537,898 (9,551,213) - (38,271) - (9,589,484) (24,600,727) (4,656,861) (125,950) (497,688) (29,881,226) 9,720, , ,663 5,275,598 16,067,188 (5,395,097) (73,791) (142,116) 37,354 (5,573,650) 4,324, , ,547 5,312,952 10,493, , ,820 $4,447,801 $614,058 $241,547 $5,312,952 $10,616, Annual Report 154

157 $ 19,875,925 $ 22,557,438-4,582 4,212,857 9,653,879 3,420,947 3,690, ,838, ,563,220 32,724 32,724 15,963 15,808 4,380 4,380 3,937 3,849 24,280 24,037 ( 22,587) ( 19,759) 1,693 4, , ,335 4,213 8, , , , ,563 $ 141,050,138 $ 137,219, Taishin Holdings Annual Report 155

158 $ 893,564 $ 598,178 3,115,797 2,939,734 37,808,989 40,105,826 27,509 26,539 41,845,859 43,670,277 59,094,401 53,238,199 11,912,963 11,912,963 2,324-16,996,159 16,996,159 2,105,984 2,079,886 1,227, , ,574 7,754,310 8,183,147 ( 44,645) ( 5,029) 155, ,153 99,204,279 93,548,964 $ 141,050,138 $ 137,219, Annual Report 156

159 $ 10,052,586 $ 2,681,297-7,759,890 93,083 33,967 25,419 41,939 10,171,088 10,517,093 ( 62,804) ( 396) ( 645,454) ( 430,614) ( 1,572,678) ( 1,560,713) ( 404,280) ( 414,654) ( 2,685,216) ( 2,406,377) 7,485,872 8,110, ,234 72,431 $ 7,723,106 $ 8,183,147 $ 1.02 $ 1.06 $ 1.13 $ 1.14 $ 1.02 $ 1.06 $ 1.13 $ Taishin Holdings Annual Report 157

160 $57,103,001 $12,777,778 $- $16,996,159 $2,075,475 $- (3,864,802) (864,815) , ,238,199 11,912,963-16,996,159 2,075,475 4, ,856, , , $59,094,401 $11,912,963 $ 2,324 $16,996,159 $ 2,075,475 $ 30, Annual Report 158

161 $408,912 $482,574 ($4,729,617) $51,369 ($597,977) $84,567, ,729, (56,398) - (56,398) , , , ,183, ,183, , ,574 8,183,147 (5,029) 252,153 93,548, ,315 - (818,315) (482,574) 482, (1,050,000) - - (1,050,000) - - (910,000) - - (910,000) - - (5,856,202) (39,616) - (39,616) (96,597) (96,597) , , ,723, ,723,106 $ 1,227,227 $ - $ 7,754,310 ($ 44,645) $ 155,556 $ 99,204, Taishin Holdings Annual Report 159

162 $ 7,723,106 $ 8,183,147 3,339 3,567 4,726 7,599 40,670 73,996 ( 277,904) ( 146,426) 4, , ,520-6 ( 9,989,782) ( 2,680,902) - ( 7,759,890) 1,373, , , , , ,657 5,441,022 ( 6,159,831) 4,582 - ( 549) ( 428,710) ( 93,466) 1,493, ,636 5,750,368 ( 5,702,007) 2010 Annual Report 160

163 $ - $ 25,825,452 ( 3,773,153) ( 10,000,000) ( 758) ( 63) ( 294) 46, ( 3,774,205) 15,871,824 5,300,000 - ( 8,000,000) - 2,324 - ( 1,960,000) - ( 4,657,676) - ( 2,681,513) 10,169,817 22,557,438 12,387,621 $ 19,875,925 $ 22,557,438 $ 1,177,300 $ 1,193,704 $ - $ Taishin Holdings Annual Report 161

164 5.38% 6.16% 5.55% 6.22% 9.21% 11.35% 9.57% 11.47% 75.93% 77.81% % 0.68% 0.57% 0.45% 15.07% 17.52% 9.57% 11.47% 26.13% 19.12% 1. 2.() Annual Report 162

165 1. $ 12,903,066 $ 8,136,786 37,236, ,379,060 22,263,352 24,907,554 2,992,554 2,420,000 96,256,074 84,838, ,674, ,583, ,426,842 36,484,764 3,312,094 6,214,140 1,861,285 1,281,667 2,941,610 2,873,039 17,404,571 17,898,096 2,077,535 1,605,915 7,796,760 22,134,089 $ 911,146,414 $ 832,757,644 $ 56,332,391 $ 54,181,462 15,911,230 16,990,037 17,040,348 7,239,422 21,106,394 18,956, ,580, ,664,982 25,000,000 25,000, , ,200 1,368,999 2,140, ,453, ,324,268 49,157,526 49,157,526 3,213,562 3,193,573 8,159, ,099 ( 519) ( 57) 162, ,235 60,692,885 53,433,376 $ 911,146,414 $ 832,757, Taishin Holdings Annual Report 163

166 2. $ 11,686,198 $ 10,002,148 12,472,221 9,202,859 24,158,419 19,205,007 ( 1,204,821) ( 4,265,429) ( 12,219,473) ( 11,476,422) 10,734,125 3,463,156 ( 2,857,713) ( 2,641,877) 7,876, ,279 40, ,820 $ 7,876,412 $ 944,099 $ 2.25 $ 1.64 $ 0.84 $ $ 2.25 $ 1.64 $ 0.88 $ 0.21 $ 2.18 $ 1.60 $ 0.84 $ $ 2.18 $ 1.60 $ 0.88 $ (1) 1.23% 0.43% 0.90% 0.11% 18.81% 7.61% 13.80% 1.98% 32.60% 4.92% Annual Report 164

167 (2) , ,610, % 1,217, % 1,095,895 81,161, % 1,734, % 484, ,152, % 1,588, % 227, ,346, % 1,731, % 4 269, ,730, % 709, % 503, ,343, % 271, % 138,243 10,870, % 975, % 269,405 14,426, % 1,508, % 5 236,009 21,637, % 1,062, % 525,422 24,518, % 1,447, % 78,645 70,833, % 71, % 142,268 57,865, % 93, % 6 82,334 3,713, % 200, % 154,496 4,825, % 116, % 1,781, ,548, % 5,825, % (2,061,143) - (11,743) ,781, ,487, % 5,813, % 2,919, ,486, % 6,903, % 142,169 34,118, % 662, % 240,271 31,342, % 684, % 7-59,809, ,893 49,062, % 2, % =/=/ 3=/=/ () ,944,337 2,218,997 8,913,397 2,326, ,262,556 1,356,840 2,246,863 1,039,724 9,206,893 3,575,837 11,160,260 3,366, Taishin Holdings Annual Report 165

168 (3) A B C D ,306, % K ,708, % 7,195, % A ,391, % 6,928, % D ,488, % 5,524, % L E ,196, % B F G H I J ,127, % M ,902, % C ,610, % H ,583, % E ,253, % G ,749, % 5,413, % 5,108, % 5,057, % 4,633, % 4,604, % 4,136, % (4) $35,589, ,824, ,021, ,155, ,760, ,631, ,303, ,186, ,777, ,890, ,713, ,845, Annual Report 166

169 $147,861, ,311, ,775 (0.33) 35,397, ,008, ,167, ,310, $64,733, ,076, ,967, ,574, ,707, (5) ,221,728 19,385,551 16,365, ,625, ,597, ,296,907 95,096, ,258, ,384, ,036, ,924,821 (75,710,545) (104,893,085) (62,759,566) 3,561,625 60,618, % 5.88% ,120,832 13,818,359 22,934, ,682, ,555, ,904,925 65,774,275 96,508,549 49,547, ,734,905 55,215,907 (51,955,916) (73,574,504) 70,135,179 (179,334) 52,159, % (0.34%) Taishin Holdings Annual Report 167

170 ,344, , ,195 1,585,462 5,043,537 2,669,341 2,684, , ,467 6,146,693 (324,614) (2,053,218) 233,681 1,040,995 (1,103,156) 13, % (8,045.19%) ,748,860 1,105, ,912 1,400,316 5,787,220 4,224,404 1,585, , ,665 6,807,557 (1,475,544) (480,766) 124, ,651 (1,020,337) 33, % (3,075.43%) (6) ,074, ,483,195 89,050,617 26,826,242 25,910, ,804, ,518, ,563, ,150, ,037, ,984, ,781,892 (95,444,475) 120,919,589 (34,100,349) (135,211,396) (151,074,461) 104,022, ,755, ,480,821 87,119,165 21,117,420 31,702, ,336, ,663, ,392, ,045, ,105, ,919, ,200,536 (68,907,903) 105,088,310 (92,926,004) (117,988,481) (151,217,381) 188,135, Annual Report 168

171 ,599,997 4,346,156 1,569, , ,198 1,981,006 9,596,624 3,046,733 1,060,168 2,891, ,292 2,046,850 3,373 1,299, ,219 (1,984,331) 244,906 (65,844) ,650,393 3,366,353 1,866,139 1,354, ,792 1,468,802 8,612,503 3,288,148 1,855,028 1,776, ,697 1,220,436 37,890 78,205 11,111 (421,887) 122, ,366 (7) 57,749,072 56,696,260 50,312,782 26,682,592 26,043,686 23,305, ,431,664 82,739,946 73,618, ,500, ,856, ,983, ,514,031 1,514, , / 34,888,200 34,888,200 38,272, ,881,588 20,863,325 20,416, ,784, ,122, ,293, % 13.58% 12.95% 9.45% 9.31% 8.85% 4.37% 4.27% 4.10% % 5.19% 5.68% 6.64% 6.53% 5.97% 1.() () A. B.12.5 C. D. E. F. G. H Taishin Holdings Annual Report 169

172 (8) $137,737,804 $141,707,813 7,013,808 7,119, , ,510 12,975,945 4,487,288 2,584,508 2,624,296 27,467,453 36,143,393 4,749,333 4,355,232 1,160, , ,060 1,041,438 28,035,267 28,081,132 $222,627,730 $226,267,357 (9) 1. $ 33,907,482 $ 26,998,776 88,513,906 90,275,126 19,303,952 13,543,837-49,549 23,568,205 11,187,747 1,046,553,781 1,011,067,871 44,084,734 30,297, ,424, ,295, , ,291 16,027,510 20,502,139 23,777,557 24,242,714 13,756,398 16,859,552 $ 1,503,146,104 $ 1,475,466,368 $ 95,108,981 $ 120,437,915 4,489, ,612 13,636,714 5,419,388 25,406,681 22,082,484 1,240,988,877 1,211,599,406 28,493,150 23,473, ,415 2,473, , ,663 7,674,235 7,698,797 1,416,447,990 1,394,449,083 62,094,756 62,094,756 16,666,526 10,588,769 7,936,832 8,333,760 86,698,114 81,017,285 $ 1,503,146,104 $ 1,475,466, Annual Report 170

173 2. $ 14,041,645 $ 12,304,753 14,444,682 10,341,942 28,486,327 22,646,695 ( 4,749,980) ( 5,285,784) ( 12,533,356) ( 11,643,496) 11,202,991 5,717,415 ( 3,262,391) ( 2,628,517) $ 7,940,600 $ 3,088,898 $ 1.80 $ 1.28 $ 0.92 $ (1) 0.75% 0.40% 0.53% 0.22% 13.36% 7.08% 9.47% 3.82% 27.88% 13.64% (2) ,906, ,316, % 5,029, % 7,220, ,121, % 7,119, % 442, ,689, % 3,318, % 1,641, ,210, % 1,641, % 4 1,537, ,253, % 3,674, % 2,744, ,640, % 2,744, % ,050 2,006, % 31, % 14,287 2,287, % 14, % 690,200 75,274, % 1,238, % 914,772 64,200, % 914, % 6 132,592 3,464, % 157, % 57,603 4,100, % 57, % 5,726,639 1,060,004, % 13,451, % 12,593,153 1,023,559, % 12,491, % 2010 Taishin Holdings Annual Report 171

174 , , % 5, % 1, , % 11, % 7-11,857, , ,189 10,182 1,486 13, ,585 6,605 2,671 6,404 3,774 16,787 4,157 19,580 1.() () () () () (3) A ,737, % 2 B ,471, % 3 C ,939, % 4 D ,644, % 5 E ,059, % 6 F ,440, % 7 G ,896, % 8 H ,847, % 9 I ,804, % 10 J ,301, % 2010 Annual Report 172

175 B ,672, A ,856, K ,027, D ,027, E ,856, F ,507, J ,828, G ,225, C ,157, H ,090, (4) $88,117, $132,408, ,727, ,200, ,418, ,029, ,007,267, ,534, $136,186, $164,885, ,917, ,875, ,557, ,071, ,093, ,536, ,683, ,124, ,897, ,478, Taishin Holdings Annual Report 173

176 (5) ,027,423,136 69,143,362 27,726,659 80,947,579 1,205,240, ,029, ,176,879 65,544,248 28,386,451 1,071,136, ,393,996 (529,033,517) (37,817,589) 52,561, ,104,018 84,248, % % ,447,502 96,854,551 30,249,794 66,274,879 1,177,826, ,623, ,423,832 79,067,082 26,500,918 1,068,614, ,824,365 (459,569,281) (48,817,288) 39,773, ,211,757 83,919, % % ,572, , ,055 42,386 7,546,864 8,342, , ,688-9,230,069 (1,770,699) 384,741 (339,633) 42,386 (1,683,205) 76, % (2,213.55%) ,770, ,920 47,086 55,345 5,732,754 6,524, , ,719-7,352,487 (1,754,044) 396,599 (317,633) 55,345 (1,619,733) (9,521) 77.97% 17,012.22% Annual Report 174

177 (6) ,353,964, ,486, ,820, ,078, ,704, ,874,845 1,736,108, ,687, ,543, ,167, ,655, ,054,505 (382,144,093) 27,798,518 (36,723,727) (101,088,210) (265,951,014) (6,179,660) ,278,853, ,425, ,184, ,831, ,684, ,727,929 1,626,171, ,431, ,664, ,229, ,257, ,587,892 (347,317,169) 34,994,286 (46,480,104) (57,398,213) (208,573,175) (69,859,963) ,112,575 3,893,024 2,179,546 1,740, , ,253 10,528,139 4,360,762 1,859, ,465 1,274,792 2,076,504 (1,415,564) (467,738) 319, ,333 (755,838) (1,296,251) ,990,671 1,976,144 1,579,198 1,239, , ,894 6,622,853 2,528,181 1,245, , ,650 1,550,705 (632,182) (552,037) 333, ,638 (335,438) (705,811) (7) Taishin Holdings Annual Report 175

178 (8) A $755,740 $2,201,596 $1,445, $7,085 $66,733 $55, ,838 1,020, , B (1) (2) $2,195,730 $755,740 $2,201, ,195, ,740 2,201, (1) (2) $3,562,556 $247,707 $853, ,108,807 88, , ,671, ,838 1,020, Annual Report 176

179 (9) 2 80,283,341 75,838,225 70,131,995 24,902,851 28,430,376 30,571, ,186, ,268, ,703, ,481, ,641, ,511, ,575 1,076, , ,994,375 37,994,375 40,931, ,040,838 7,111,175 8,211, ,388, ,823, ,497, % 11.23% 10.83% 8.21% 8.16% 7.55% 2.55% 3.06% 3.29% % 4.26% 4.21% 5.39% 5.17% 4.88% 1. () () (1) (2)12.5 (3) (4) (5) (6) (7) (8) (10) $34,744,192 $39,135,567 66,045,420 61,706,381 1, , , , , , , , ,896 3,582,461 2,900, ,660, ,491,711 $264,972,425 $271,701, Taishin Holdings Annual Report 177

180 (11) 1. $2,307,122 6,470 55, ,357 $2,646,647 $34,697 43,169 3,494 81,360 2,280, ,046 34,241 2,565,287 $2,646, $ 302,916 ( 284,859) 18,057 5,917 $ 23,974 $ 0.14 $ (1) 0.97% 1.29% 1.00% 1.33% 7.91% Annual Report 178

181 1. $15,881 $16, , ,250 15,308,246 19,832, ,461 1,048,441 1,660,405 4,931,452 7,473, , , ,122 2,947,740 $23,025,063 $33,394,928 $920,000 $2,950, ,455 1,102,046 15,571,423 23,272,517 76,502 75, , ,869 17,167,061 27,597,446 5,140,000 5,140, , ,591 43, ,891 5,858,002 5,797,482 $23,025,063 $33,394, $ 163,006 $ 211, , , , ,213 ( 20,428) ( 46,983) ( 134,623) ( 125,950) 409, ,280 ( 112,834) ( 142,116) $ 296,330 $ 234,164 $ 0.80 $ 0.58 $ 0.73 $ Taishin Holdings Annual Report 179

182 3. (1) 1.45% 1.16% 1.05% 0.72% 7.02% 6.62% 5.08% 4.12% 52.52% 42.64% (2) ,900 23, % 0.23% 91, , , ,429 (3) 5,419,843 5,895,331 19,088,157 27,143, % 21.72% 28.06% 20.92% % 0.33% % 15.39% 17.62% 17.48% = 2010 Annual Report 180

183 (4) A. 7,031,300 10,188, ,571,423 23,272, B. 297,000 20, Taishin Holdings Annual Report 181

184 C. (5) $20,445 - $118, ,015, ,928, ,627, ,540, , , ,740, ,660, ,132, ,259, ,468, ,623, Annual Report 182

185 (6) ,658,774 4,175, ,194 2,001, , , ,585 6,589,669 15, , R.S , , ,545 6,777,829 4,775, ,134 2,588,243 7,362, , R.P 14,739, ,872 17, ,858,002 15,659, ,872 17,280-5,858,002 (8,881,442) 3,960, ,854 2,588,243 1,504,212 (8,881,442) (4,920,922) (4,079,068) (1,490,825) 13,387 R.SR.P (7) ,553, ,134 2,588,243 7,362,214 22,362,812 16,475,311 40,066 27, ,753 16,876,046 (4,922,090) 819,068 2,560,327 7,029,461 5,486,766 5,858, % 93.66% ,130,526 3,400,570 2,224,223 8,885,653 32,640,972 27,365, ,365,678 (9,235,152) 3,400,570 2,224,223 8,885,653 5,275,294 5,797, % 90.99% 2010 Taishin Holdings Annual Report 183

186 1. $1,845,826 $800, , ,220 30, , , ,837 53, , ,353 8,298 9,635 $2,513,487 $1,835,256 $944,069 $213,868 2,713 3, , ,453 1,345,000 1,345, , ,803 1,566,705 1,617,803 $2,513,487 $1,835, $ 209,715 $ 111,962 ( 143,842) ( 125,686) ( 65,873) ( 13,724) 50, ,160 ( 18,622) ( 108) 97, ,328 ( 20,295) ( 35,289) $ 77,628 $ 143,039 $ 0.73 $ 0.58 $ 1.33 $ % 10.62% 3.57% 8.51% 6.15% 11.53% 4.88% 9.25% 29.81% 47.03% Annual Report 184

187 1. $4,397 $5, $4,427 $5,096 $120 $ ,000 1,000 3,155 3,611 4,155 4,611 $4,427 $5, $ 250 $ 59 ( 824) ( 666) ( 574) ( 607) ($ 456) ($ 396) $ 5.74 $ 4.56 $ 6.07 $ (12.06%) (11.35%) (9.58%) (7.40%) (13.10%) (12.62%) (10.40%) (8.24%) (182.40%) (671.19%) Taishin Holdings Annual Report 185

188 1. $305,490 $208,237 8,926 11, , , $815,809 $811,408 $1,049 $661 1, ,035 1,000, ,754 (180,965) (11,074) (8,288) 814, ,747 $815,809 $811, $ 50,382 $ 56,593 ( 43,628) ( 48,526) 6,754 8, $ 6,754 $ 8,067 $ 0.08 $ 0.08 $ 0.10 $ % 1.00% 0.83% 1.00% 0.83% 1.00% 0.83% 1.00% 13.41% 14.25% Annual Report 186

189 1. $297,489 6, ,613 76,144 $844,870 $31,687 34,932 66, ,545 45,588 (21,882) 778,251 $844, $ 76,827 ( 119,499) ( 42,672) 7,507 ( 2,237) ( 37,402) 7,106 ($ 30,296) ($ 1.16) ($ 0.94) 3. (6.42%) (5.20%) (6.88%) (5.58%) (35.92%) Taishin Holdings Annual Report 187

190 1. $246,106 2, ,308 $336,779 $25, , ,000 54,064 (43,073) 310,991 $336, $ 64,862 ( 106,881) ( 42,019) 2,184 ( 177) ( 40,012) 3,086 ($ 36,926) ($ 1.33) ($ 1.23) 3. (11.51%) (10.63%) (12.15%) (11.21%) (55.08%) Annual Report 188

191 1. $39, $1,207,519 $13, $397, , ,662,265 39, ,818,437 81, ,833,014 6, , , ,719, , ,796,803 15,962, ,959,497 17,564, ,105,675 3,695, ,740,479 3,169, ,514, , ,761, , ,599, , ,305,842 78, ,617, , ,545, , ,954,226 10,856, ,053,107 12,168, ,230,075 47, ,123,862 62, ,450,730 1,916, ,868,837 3,879, ,253, , ,905,283 1,029, ,474, , ,372, , ,907, , ,841, , ,109,692 23, ,111,248 14, ,208 1,122, ,383,419 1,129, ,666,560 4,995, ,864,880 10,714, ,724,585 48, ,140,277 64, ,497,107 5,051, ,246,964 3,887, ,511, , ,900, , ,823, , ,766,820 1, , , ,694,619 2, ,773 58, ,764,884 4, ,307 24,376, ,100,888 21,311, ,408, , ,121,502 3,081, ,696, Taishin Holdings Annual Report 189

192 2. $7,329, $216,228,835 $5,425, $174,573, , ,400, , ,132,806 2,001, ,585,829 1,509, ,263,492 62, ,434,291 91, ,098,637 40, ,200,186 40, ,248,229 51, , , ,087,005 77,976, ,243,190 76,613, ,661, , ,040, , ,830,087 51, ,179, , ,467, , ,304, , ,653, , ,599, , ,498,166 88, ,489,080 86, ,983,543 9,554, ,843,856 7,597, ,458,801 64, ,944,052 66, ,454, , ,759, , ,263,705 1,857, ,041,142 1,570, ,517,527 55, ,269,431 77, ,780,064 40, ,199,714 40, ,243, , ,931,445 1,536, ,671,261 72,842, ,383,414 64,316, ,382, , ,331, , ,463, , ,024, , ,242, $11, $336,181 $13, $441, % 2 10% % Annual Report 190

193 () 5 10% 6 10% % Taishin Holdings Annual Report 191

194 - $ Annual Report 192

195 103,000 $1,146,640 - $- $- $- $103,000 $1,146, ,000 1,500, ,000 1,500,000 27, , , ,955 30, , , ,559 45, , , , Taishin Holdings Annual Report 193

196 Annual Report 194

197 100.00% $60,652,874 $7,876,412 4,727,517,277-4,727,517, % 188,235, ,235, % 40,220,798 1,786,309 1,416,951,000-1,416,951, % % 2,656,433 9, ,000, ,000, % % 5,858, , ,000, ,000, % % 1,566,705 77, ,500, ,500, % % 778,251 (28,441) 75,454,545-75,454, % 92.00% 286,107 (33,907) 27,599,513-27,599, % % 4,155 (456) 100, , % % 814,760 6,754 81,903,495-81,903, % 0.41% 30,524-1,484,556-1,484, % 4.40% 2, , , % 2010 Taishin Holdings Annual Report 195

198 1699 CC Media (BVI) Co., Ltd. United Investment Fund CyberHeart Inc CyberHeart Inc. O2 MedTech Inc. Solar PV Corp Annual Report 196

199 6,000, $88, $88, , , ,275 4,992, ,226-50,226 1,300, , , , (8,387) (8,387) 926, , , , , , , ,114, ,556-16, , , ,000 1,000, ,690-10, , ,039-5,039 77, ,059-1, , ,478-1, , $6, $5, , , , , ,419 4,000, , ,880 3,000, , ,100 3,000, , ,910 17,600, , , , ,163, , ,374 7,206, , ,617 1,300, , ,675 1,000, , ,000 1,000, , ,150 12, , ,101-1, , ,420-8,418 1,665, ,370-30,370 1,365, ,428-64, Taishin Holdings Annual Report 197

200 1699 MIT ING ING Annual Report 198

201 200, ,128-2, , ,189-3,189 2,196, ,460-32, , ,039-10, , $6,965 - $6, , ,015-1,015 2,447, ,332-29, , ,020-10,020 1,856, ,800-19,800 1,004, ,294-11,294 2,732, ,105-30, , ,067-1,067 1,100, ,967-10, , ,779-9,779 1,000, ,883-9,883 1,280, ,026-20, , ,121-5,121 1,650, ,170-20,170 1,085, ,049-16,049 2,000, ,380-21, ,800-1,800 2,200, , ,886 8,000, , , , , ,819 1,000, ,054-27,054 1,000, ,181-26, Taishin Holdings Annual Report 199

202 $985, $3,678, , , ,104, ,849, ,155, ,270, , ,155, ,070, ,300-20, $ 9,279, $ 11,940, Annual Report 200

203 $7,478, $7,239, , ,302-6, ,532, ,245, , , , ,488, ,244, ,870, , , , , , , ,034, ,069, $ 9,279, $ 11,940, Taishin Holdings Annual Report 201

204 $ 34, $ 31, ,045-6, , , , , , , , , , , ( 79,240) (27) ( 20,573) (8) ( 9,278) (3) ( 77,726) (31) ( 27,966) (10) ( 4,623) ( 2) ( 102,922) ( 41) ( 116,484) ( 40) , , ( 15,638) ( 6) ( 51,019) ( 18) $ 131, $ 119, Annual Report 202

205 $ 2,705, $ 1,718, , , , ,805, ,075, , , ,684, ,892, ,942-48, X9 ( 38,372) - ( 37,827) ,570-10, ,850-45, ,150-45, , $ 27,731, $ 15,965, Taishin Holdings Annual Report 203

206 $ 1,121 - $ ,046, ,849, , , , , ,410, ,344, ,231-47, , , , ,858, ,107, ,124, ,355, , ,585, ,699, ,000, ,000, , , ( 155,820) - 6, ,146, ,265, $ 27,731, $ 15,965, Annual Report 204

207 $ 93, $ 92, , , , , , , , , , , , , ,300-20, , , , , , , , , ( 34,525) ( 7) ( 13,274) ( 4) $ 302, $ 259, Taishin Holdings Annual Report 205

208 $ 2,693, $ 2,420, , , , , ,487, ,712, ,986, X , X9 ( 900) - ( 900) ,300-32, ,064-32, $ 7,733, $ 10,645, Annual Report 206

209 $ 353,387 5 $ 1,078, ,955, ,807, ,064-10, , , ,423, , ,471, , ,784, ,516, , , , , , , , ,128, $ 7,733, $ 10,645, Taishin Holdings Annual Report 207

210 $ 140, $ 87, , , , , , , , ( 20,747) ( 7) ( 20,179) ( 3) ( 35,869) ( 11) ( 26,207) ( 4) ( 251,455) ( 39) ( 3,011) ( 1) ( 2,261) ( 2,376) ( 1) ( 62,003) ( 20) ( 48,647) ( 46) $ 245, $ 353, Annual Report 208

211 1. $2,202,168 (USD74,650) () $- $2,202,168 (USD74,650) $- $2,202,168 (USD74,650) - $- $- $- 2. () USD74,650 USD74,650 $12,152,593 () () () () () 50% 15% 2010 Taishin Holdings Annual Report 209

212 3 3 $500, % , % , % , % , % 0 1 1,877, % 1 2 1,877, % ,875, % ,875, % , % 2 3 2, % 2 3 3, % , % , % , % , % , % , % , % , % , % , % 1 3 $111, % , % 1 3 1,000, % 3 3 1,000, % , % , % 0 1 2,795, % 1 2 2,795, % ,557, % ,557, % Annual Report 210

213 $ 20,320,400 $ 20,301,382 $ 20,299,692 1,871,300 1,871,285 1,872,967 1,000,000 1,000,000 1,000, , , , , , ,129 24,483,200 24,462,085 24,461,957 PIMCO TOTAL RETURN BOND FUND 13,605 88,500 92,473 5,527 71,984 82,130 3,282 44,985 48,509 2,732 28,021 30,105 2,447 27,501 29,332 ETF 2,127 20,000 23,298 2,325 23,322 21,411 2,000 20,000 21,380 1,650 20,020 20,170 1,280 20,000 20,026 16, , ,484 53, , ,318 24,700 76,999 75,790 59,916 42,651 45,220 15,000 28,772 32,700 14,430 32,169 32,412 13,500 31,837 31,950 14,000 27,635 27,258 2,340 25,353 25,050 53,200 20,659 20,860 21,000 19,852 19,725 42,600 18,294 17, , , , , , , Taishin Holdings Annual Report 211

214 27, , ,450 13,650 38,220 64,428 4,750 25,017 30,875 1,950 11,771 11,400 12,240 11,259 10,872 2,700 9,550 8, ,122 6,880 7,500 6,339 6, ,530 4,267 1,600 2,344 2, ,604 3,672 72, , , $ 1,400,000 $ 1,351,800 $ 1,348, , , ,253 US TREASURY NOTE 641, , , , , , , , , , , , , ,072 99, , ,575 98,638 55,200 54,294 54, ,300 25,807 20,593 9,800 12,359 9,308 4,126,644 4,151,406 4,099, ,000 67,846 68, , , , , , ,179 ACER SERTEK INC 437, , , , , , , , ,951 LG ELECTRONICS 288, , , , , , , , , , , , , , , Annual Report 212

215 1,739,400 1,857,240 2,002,737 5,213,616 5,340,084 5,892,296 78,600 86,669 94,910 77,800 82,217 85,891 43,700 46,812 50,670 23,400 31,824 46,800 39,500 42,439 44,042 30,100 33,138 36,120 28,500 28,899 28,928 16,600 21,580 21,040 17,400 18,518 18,444 16,500 16,929 16, ,500 53,745 54, , , ,513 51,500 51,500 65,920 40,000 40,000 48,000 38,900 38,900 47,458 26,400 26,400 29,700 21,300 21,300 23,856 14,500 14,500 16,936 $ 12,000 $ 12,000 $ 13,020 9,900 9,900 11,880 11,500 11,500 11,673 2,000 2,000 2,230 2,000 2,000 2, , , ,700 1,950 4,095 4,095 BANK OF AMERICA CORPORATION 145, , ,008 MERRILL LYNCH GROUP 137, , , , , , Taishin Holdings Annual Report 213

216 SB CAPITAL(SBERBANK) 88,500 88,500 91,592 GENERAL ELEC CAP CORP 87,456 84,071 85,428 ROYAL BANK OF SCOTLAND 81,155 81,362 81,580 CITIGROUP INC 58,304 57,828 58,268 INDUSTRIAL BANK OF KOREA 58,304 57,925 57,996 HSBC Finance Corporation 29,152 28,518 28, , , , ,447, ,384, ,055, ,740, ,919, , , , , , , , , , ,268,539-1,604,979 1,600,638 $ 36,366,425 $ 38,693,725 $ 57,650, Annual Report 214

217 $ 600,000 $ 599, , , , , , , , , , , , , , , , , , , , ,491 2,941,000 2,940, , , , , , , , , , , , , , , , , ,000 99, ,000 52, ,000 52,220 2,152,200 2,388,189 $ 5,093,200 $ 5,328, Taishin Holdings Annual Report 215

218 $138,900,000 $138,900,000 $ - $ 10,330 $138,910, , , , ,716 6, ,776 - ( 46,262) 288, , ,625-26, ,502 28, , ,200 75,000 94,082-14, ,000 25, ,944 - ( 14,819) 90,125 18,750 80,568 - ( 5,381) 75,187 13,000 70, ,000 77,010 78,461 - ( 11,078) 67,383 2,210 83,184 - ( 21,636) 61, , ,207-30, ,932 1,249,089 2,830, ,317 2,950,107 2,750 21,481 - ( 1,599) 19,882 1,200 17,579 - ( 839) 16,740 3,000 15,595 - ( 325) 15,270 1,000 14,380 - ( 1,380) 13,000 1,250 6,575 - ( 1,312) 5,263 9,200 75,610 - ( 5,455) 70, ,300,000 7,638,790 - ( 23,967) 7,614, ,000,000 4,181,332 - ( 21,452) 4,159, ,200,000 3,199,870 - ( 18,705) 3,181, ,250,000 3,202,902 - ( 72,608) 3,130,294 US TREASURY N/B 2,157,248 2,141,809-3,100 2,144, ,750,000 1,771,119-38,521 1,809, ,700,000 1,767,104 - ( 18,856) 1,748, ,500,000 1,497,000-54,037 1,551, $ 1,500,000 $ 1,546,863 $ - ($ 11,083) $ 1,535, ,400,000 1,435,458-3,530 1,438,988 15,574,555 15,423,777-93,206 15,517,969 43,331,803 43,806,024-25,723 43,832, Annual Report 216

219 992A 1,400,000 1,399,496-13,738 1,413,234 CITIGROUP INC. 552, ,240 - ( 1,107) 551, , ,133-5, , A 500, ,669 - ( 5,675) 493,994 EXPORT-IMPORT BK KOREA 433, ,650 - ( 52) 433, A 400, ,000-14, , , ,640-6, , , ,495-3, , C 300, ,000-9, , , ,851-4, ,326 6,590,005 6,639,953 ( 474,986) 19,386 6,184,353 11,775,895 11,829,127 ( 474,986) 69,958 11,424,099 MORGAN STANLEY 1,540,234 1,525,061-6,185 1,531,246 GOLDMAN SACHS GROUP INC 1,331,685 1,321,743-5,266 1,327,009 JPMORGAN CHASE BANK 1,160,530 1,152,631 - ( 223) 1,152, ,000,000 1,000,000-20,252 1,020,252 COMMONWEALTH BANK OF 784, ,027-1, ,331 AUSTRALIA Merrill Lynch & Co 721, ,631 - ( 7,951) 717,680 KFW 670, ,820-8, ,082 Wells Fargo NA 638, ,596-6, ,969 BANK OF AMERICA CORPORATION 584, ,820-8, ,625 CITIGROUP INC 484, ,653 - ( 68) 482,585 6,952,886 6,950,576 - ( 62,629) 6,887,947 15,868,130 15,831,558 - ( 14,424) 15,817,134 FNMA MBS POOL 2,060,692 2,096,609 - ( 6,297) 2,090,312 FANNIE MAE 1,452,445 1,452,008 - ( 30,267) 1,421,741 FREDDIE MAC 1,426,655 1,426,570 - ( 20,604) 1,405, Taishin Holdings Annual Report 217

220 GOVERNMENT NATIONAL MORTGAGE 1,253,846 1,266,639 - ( 5,904) 1,260,735 ASSOCIATION FREDDIE MAC 694, ,691 - ( 275) 712,416 GNMA MBS POOL $ 497,995 $ 509,508 $ - ($ 2,366) $507, ,808 27, ,018 7,414,411 7,491,774 - ( 65,444) 7,426,330 JPMUS 43, ,280-33, ,785 EMD 43, ,280-5, ,326 20, , ,000 5,000 50, ,226 4,200 20, , ,656 1,044,560-38,817 1,083,377 $218,665,184 $221,809,443 ($474,986) $ 178,822 $221,514, Annual Report 218

221 $ 182,300, $ - $ 182,300,000 Dah Sing Bank 273, , ,573, ,573,462 Korean National Housing Corp 291, ,597 59,000 3M Libor+0.25% ( 16) 58,984 SINGAPORE T-BILL 205,846 - ( 30) 205,816 Korea Water Resources 194, ,225 Hong Kong Mortgage Corp (HKMTGC) 130, ( 107) 130,764 27, , , , A 1,000, ,882 1,014, A 700, ( 2,101) 697, , , , A 450, , , A 300, ,000 DIB SUKUK LLC CAYMAN ISLAND INC. 147,500 3M Libor+0.33% ( 18) 147,482 CARGILL INC. 147,500 3M Libor+1.25% ( 115) 147, A 102, ( 264) 101, , ( 29) 49,971 3,397,000 35,650 3,432,650 COMMONWEALTH BANK AUSTRALIA 1,111,040 3M BBSW+0.8% ( 18) 1,111, , ,000 WACHOVIA CORP 557,550 3M Libor+0.15% ( 10,446) 547,104 WELLS FARGO COMPANY 501,500 3M Libor+0.09% ( 4,576) 496,924 Wells Fargo NA 437, ( 292) 436, Taishin Holdings Annual Report 219

222 LLOYDS TSB BANK PLC $ 409,959 3M Libor+1.2% ($ 263) $ 409,696 BANK OF AMERICA CORPORATION 291, , , , , ,790 67P1 300,000 - ( 1,670) 298,330 ROYAL BANK OF SCOTLAND 291, , ,752 NATIONAL BANK OF DUBAI 295,000 3M Libor+0.27% ( 2,622) 292,378 4,921,918 ( 14,572) 4,907,346 9,813,047 ( 8,447) 9,804, A2 17, ( 351) 17,591 $ 196,710,186 26,871 $ 196,737, Annual Report 220

223 19,800,000 $162,252 - $2,407 - $ - 19,800, $164,659 $ 8.32 $164,659 1,300,000 16,119-1,459 - ( 2,471) 1,300, , ,107 3,024,000 45, ,000 18,178 - ( 4,657) 3,300, , , ,000 1, ( 9,661) 480, ( 8,387) ( 17.47) ( 8,387) 100,000 ( 17) - 1, , , , ,447 23,880 ( 16,789) 232, , ,387 ( 17) - 8,387 8,387 $225,464 $32,267 ($16,806) - $240,925 $240, Taishin Holdings Annual Report 221

224 $ 2,100,000 1,872, ,641 VISA Inc. 777, , , , ,030 2,711,735 $ 9,313,362 $ 27,794,896 $ - ($ 720) ($ 157) $27,794,019 16,682, ,666 - ( 70,964) 16,719,049 8,997, ,180 ( 422,414) 76,769 9,094, ,185 28,883 ( 50,815) 2, ,191 2,121,632 83,450 ( 69,595) 12,233 2,147,720 1,762, ,161 ( 718,065) 8,732 1,199, ,012 - ( 447) 19,012 34, ,451 - ( 84,126) 56,401 $ 58,329,846 $ 933,803 ($ 1,261,609) ($ 55,022) $ 57,947, Annual Report 222

225 $ 4,849,026 $ 474,431 $ - ($ 21,343) $ 5,302,114 6,546,747 1,030,913 ( 416,992) 10,654 7,171, ,898 44,336 ( 49,465) 1, ,679 1,816,735 97,917 ( 69,381) 6,536 1,851,807 1,492, ,838 ( 716,546) 5, ,583 $ 15,477,857 $ 1,755,435 ($ 1,252,384) $ 3,597 $ 15,984, Taishin Holdings Annual Report 223

226 $ 1,450,000 $ 1,447, , , , , , , , , , , , , , , , , , ,882 12,008,700 11,620,055 17,063,700 16,661, , , , , , , , , , ,204 12,700 12,700 2,362,700 2,367, ,426,100 2,735, ,350,000 1,440, ,285,000 1,399, ,186,000 1,248, ,006,400 1,063, , , , , , , $ 600,000 $ 601, , ,592 2,107,400 2,263,736 12,519,200 13,539,071 US TRY OCT , , Annual Report 224

227 FHR 3200 AD 457, ,324 US TRY NOV , ,722 WFC /01/14 437, ,197 JPM Float 05/11 437, ,711 FNR LA 333, ,241 BAC 7 3/8 05/15/14 291, ,753 MS Float 01/18/11 320, ,305 FANNIE MAE OCT , ,277 FANNIE MAE 3 DUE 25 OCT , ,802 3,788,751 3,575,746 7,727,896 7,295, A 300, ,338 TEMASE /15 233, , , , , , , , A 199, ,125 SPOWER5 10/22/13 209, , , , , ,010 HKMTGC /14 145, , , ,172 2,607,287 2,578,390 PRLM CS-3368 AH $ 381,253 $ 348,983 FHR 3469 PC 291, ,442 FHR 3634 GE 240, ,435 FNR P 70, ,297 GNR AB 177, ,573 FNR DH 137, ,073 GNR KC 136, ,534 GNR AG 116, ,398 GNR AB 73,161 71,458 GNR PC 67,584 64,578 1,692,923 1,752,771 $ 43,973,706 $ 44,194, Taishin Holdings Annual Report 225

228 $ 76,296 3, ,338 13,618 1,481, ,746,634 11,307 13, ,173 19,609 ( 2,738,419) ( 2,574,697) 27,130 ($ 800,933) 2010 Annual Report 226

229 $ 22,221,622 ( 20,657,478) ( 132,801) ( 58,710) 2,127,988 $ 3,500, Taishin Holdings Annual Report 227

230 $ 371,165 69, , ,512 9,653,289 1,445,856 2,911, , ,490 1,206,370 16,324,016 ( 19,208) ( 1,986,389) ( 46,069) ( 326,036) ( 2,377,702) $ 13,946, Annual Report 228

231 $ 15,520,560 1,348, , , , ,511 1,526,153 1,774, , , ,624 1,151, ,059 2,432,188 $ 27,229, Taishin Holdings Annual Report 229

232 2010 Annual Report 230

233 (%) 22,557,438 19,875,925 (2,681,513) (11.89) 4,582 0 (4,582) (100.00) ,690,557 3,420,947 (269,610) (7.31) ,563, ,838,085 12,274, ,278 1,693 (2,585) (60.43) ,686,603 4,245,581 (5,441,022) (56.17) 712, ,907 (44,656) (6.27) 137,219, ,050,138 3,830, , , , ,939,734 3,115, , ,105,826 37,808,989 (2,296,837) (5.73) ,539 27, ,670,277 41,845,859 (1,824,418) (4.18) 65,151,162 71,009,688 5,858, ,076,045 19,102,143 26, ,074,633 8,981,537 (93,096) (1.03) 247, ,911 (136,213) (55.12) 93,548,964 99,204,279 5,655, (1) (2) (3) (4) (5) 2010 Taishin Holdings Annual Report 231

234 (%) 2,681,297 10,052,586 7,371, ,835, ,502 (7,717,294) (98.49) (396) (62,804) (62,408) 15, (430,614) (645,454) (214,840) (1,975,367) (1,976,958) (1,591) 0.08 () 8,110,716 7,485,872 (624,844) (7.70) () 8,183,147 7,723,106 (460,041) (5.62) (1) (2) (3) 1 2 () 3 () ,875,925 5,748,290 1,776,697 23,847,518 3,773,153 3,773, Annual Report 232

235 Taishin Holdings Annual Report

236 Annual Report 234

237 1. 1 A. ( ) B. NPL 2 (Marked to Market) Taishin Holdings Annual Report 235

238 2. 1 A. ()/() () a Application Scoring SystemBehavior Scoring System Collection Scoring SystemCredit Bureau Scoring System segmentation b c 2010 Annual Report 236

239 ,712,898 81, ,071 2,577 46,522,596 1,402, ,576,124 23,496, ,964,742 8,769, ,578,880 8,020, , ,269 34,074,313 2,154, ,358,446 44,148, : ,607 6,300,510 1,687 6,397, Taishin Holdings Annual Report 237

240 991231: 0% 1,002,120 1,002,120 1,002, % % % % % ,002, ,002,120 1,002, % % % % % % % % % 205, , ,882 41,176 50% () 100% % , , , ,176 0% 0 10% % % () 100% % % % % % % % % % % % % % % 1,491,265 1,491,265 1,491,265 1,491, % ,491, ,491,265 1,491, ,491,265 2,699, ,699,267 2,699, ,532, Annual Report 238

241 991231: 0% % % % % % % % % % % % % % % () 50% 80,737 80, , % 621,545 1, ,795 12,312 14, % ,282 82, ,795 12, ,431 0% % % () 50% % 21,237,590 4,164,086 17,073,504 2,136,091 6,300, % ,238,256 4,164,752 14,133, , ,300,510 0% % % % % % 741, ,853 1,687 1, % , ,853 1, ,687 0% % % % % ,682,391 4,247,239 15,495, , ,356, Taishin Holdings Annual Report 239

242 B ,074, ,483,195 89,050,617 26,826,242 25,910, ,804, ,518, ,563, ,150, ,037, ,984, ,781,892 (95,444,475) 120,919,589 (34,100,349) (135,211,396) (151,074,461) 104,022, ,599,997 4,346,156 1,569, , ,198 1,981,006 9,596,624 3,046,733 1,060,168 2,891, ,292 2,046,850 3,373 1,299, ,219 (1,984,331) 244,906 (65,844) 1 2 C. a b 2010 Annual Report 240

243 (VaR, Value-at-Risk) c ; 1,298, , , ,669, ,263 8,803, ,882 1,473, ,145 10,276,813 D. a 2010 Taishin Holdings Annual Report 241

244 99 KPI Scenario Analysis 97 22,256, ,143, ,243,176 62,642,792 2,791, A. B Annual Report 242

245 C. D. a b c 2010 Taishin Holdings Annual Report 243

246 d e f g h E. a (Treading Book)(Non-Treading Book) Market Value Delta (Stress Testing)Stress loss (Issuer Risk)(Counterparty Credit Risk) (Liquid)(Illiquid) 2010 Annual Report 244

247 b F. 390,796,554 30,672,686 3,404, ,873, / 1. A. 1 Basel II Taishin Holdings Annual Report 245

248 / PD 2. A A. 1 (Risk Appetite) 2010 Annual Report 246

249 2 B. 4. A. B. 5. A. MoodysS&PFitch 2010 Taishin Holdings Annual Report 247

250 ! Annual Report 248

251 () 2. () 3. () 4. () 2010 Taishin Holdings Annual Report 249

252 5. () 6. () A ,481,35018,481,350 18,481, B Annual Report 250

253 8. (98 349) ( ) ( ) ( ) ( ) 9. () BCP BCP 2010 Taishin Holdings Annual Report 251

254 2010 Annual Report 252

255 () (1) ,157,526 5,140,000 1.( ) 2. 3.( ) 4. 5.( ) ( ) ( ) ( ) () ,345,000 () ,000 () (2) 819, Taishin Holdings Annual Report 253

256 () () () () ,280, , ,000 () ,500 () () () ,000 () ,000 () (3) () () , ,000 60,000 13,000 7, () ,000 () , ,094,756 1()100122() 2() () Annual Report 254

257 2010 Taishin Holdings Annual Report 255

258 (100516) 2010 Annual Report 256

259