Table of Contents () (03) (03) (02)

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1 元 太 科 技 工 業 股 份 有 限 公 司 民 國 一 三 年 度 公 司 年 報 E INK HOLDINGS INC Annual Report 8069 : : :

2 Table of Contents () (03) (03) (02) (02) bloomberg website

3 公 司 簡 介 設 立 日 期 : 民 國 81 年 6 月 16 日 公 司 沿 革 : , (89)() , ISO QS-9000 ISO14001OHSAS (Philips) , BOE Hydis Technology Co., Ltd Hydis Technologies Co., Ltd E Ink100% 98 9 E Ink % HydisLG Display E Ink Holdings Inc E InkPearlPopular Science(PopSci) 2010(BEST OF WHATS NEW 2010) IDTechEx (Printed Electronics) E Ink(SID) E Ink Hydis30,500,000Hydis E Ink Pearl(IET) LG DisplayHydisHydisLG DisplayHydis E Ink E Ink Pearl Hydis Technologies Co., LtdSharp Corporation Hydis Technologies Co., Ltd (Microcup ) Hydis Technologies Co., Ltd (SID)2013(Best in Show) E Ink Spectra E Ink Hydis Technologies Co., Ltd Hydis Technologies Co., Ltd E Ink Spectra SEMI TaiwanSEMI (SEMI Standards Contribution Award) E Ink Prism 001

4 致 股 東 報 告 書 Letter to Shareholders 002

5 各 位 股 東 女 士 先 生 : 年 營 業 報 告 % (EPS) 0.01 EPDeReader E InkElectronic Shelf LabelESL EPD LCDFFS 2014(Business Unit) EPD 2014E Ink E Ink CartaeReaderE Ink SpectraE Ink Aurora ESL2015 E Ink MobiousE Ink 2015 年 營 運 重 點 EPD (eco-system)ereader EPD 2015 EPD

6 EPD EPD EPD EPD 2014 Digital Signage Architecture 2015 未 來 展 望 E Ink ereaderesl

7 005

8 營 運 概 況 Operations Overview 006

9 一 業 務 內 容 1. (E-paper display, EPD) (TFT-LCD) % 8.82% " TFT-LCD 4. : (1) EPD TFT- LCD (2) (3) (4) 1. EPD SONY Digital Paper YotaPhone APP Tomoon Navit Kisai Rorschach Epson Smart Canvas ClockOne

10 LCD LED EIC SiPix (EPD) 2. TFT-LCD % 7% 33% 8, / 2.PECVD 3.Sputter 4.LCD 5.Assembly 6. / IC TAB/COG TFT-LCD (Array) (Cell or Panel) (Module) IT IS TFT-LCD G5/G6 4. (1) 2005 Philips Philips E Ink 2005 ereader E Ink Carta Paperwhite CNN Money ereader Kobo (2) TFT-LCD TFT-LCD TFT-LCD OEM, TFT-LCD (3) (Electronic Shelf Label) 008

11 E Ink NFC (4) (Smart Display Card) VISA MASTER OTP IC ISO7816 OTP MII / CVV (dcvv) VISA/MASTER CVV AMEX ISO7816 (5) / (Luggage/Logistic Tag) (Bluetooth) (NFC) ID / / / / (6) (Smart Home) Google 32 ( 960 ) NEST (Work with NEST) Apple HomeKit ( ) Business Insider 52% ( 4 ) ( 18 ) (7) (IoT, Internet of Things) 1999 MIT Auto-ID RFID Finland Paulig Muki App 009

12 NFC( ) Energy Harvesting ( / ) (8) (Mobile Device) AppleSamsungSonyLenovoYota Yota YotaPhone Sony Smart band Talk 5. EPD 2005 ( EPD EPD) EPD 95% AmazonKOBO EPD; Yata YotaPhone TFT-LCD TFT-LCD FFS ( / ) Carta TM E Ink Carta TM 50 22E Ink Carta TM 2. - E Ink Triton TM E Ink TM 16 E Ink TM E Ink Pearl E Ink TM E Ink TM 3. Spectra E Ink Spectra 010

13 4. Magic Mirror a- Si TFT Mobius 5. Organic TFT 6. E-Touch 7. EPD 150ppi (pixel per inch) ~ 200ppi 300ppi " 300ppi 11.5" 300ppi " design-in2014 6" 8. 9.FFS (Fringe Field Switching) FFS FFS 180 array FFS FFS type LCD FFS 1. (1) (2) (3) (4) (5) 2. (1) (2) (3) 011

14 二 市 場 及 產 銷 概 況 E Ink 2013 E Ink Kobo AuraH2O Tolino Vision KindleVoyage E Ink Carta PEW 2015 IHS 1,200 1, E Ink 2014 E Ink (1) E Ink YotaPhone iphone YotaPhone YotaPhone 2014 (MWC) YotaPhone (2) Vanguard ID E Ink 2014 (3) E Ink IHS (4) E Ink

15 (5) 2015 Other 35% Mobile Device 10% Indoor Signage 9% Shelf Labels 8% Information Display/Kiosk 8% Health & Medical Device 4% Home Automation System 5% Outdoor Information Display 5% Watches & Clocks 6% Outdoor Signage 5% ereader 5% E Ink TFT - LCD LCD FFS Hydis FFS (EPD) LCD FFS FFS LCD (1) A E Ink 2012 E Ink B. (2) A. B. FFS 013

16 LCD EPD ESL Array Cell PIRubbingEpoxy Array CF : : Module FPCCOGF / I Cell panel Array : : Module FPL / CF panel / Touch panelic Bonding Array panel FPLCF IC Array () : : Module FPL / PS / IC Bonding FPC Bonding (Array panel FPLIC ) TFT BCD (Touch Panel) AE (IC) F % % 1 D 2,524, A 1,249, E 1,261, B 532, ,246, ,179, ,031, ,961, % % 1 I 4,845, I 4,880, J 2,111, L 1,563, ,948, ,126, ,905, ,571, / ,464 16,444 12,818,635 73,180 18,414 10,783,

17 / ,652 3,289,530 18,949 15,615,599 1,327 1,633,432 18,849 12,937,773 三 最 近 二 年 度 及 截 至 年 報 刊 印 日 止 員 工 資 料 ,038 1, % 1.35% 1.28% 25.74% 23.51% 23.72% 43.85% 44.80% 45.37% 10.78% 11.46% 11.22% 18.21% 18.88% 18.41% 四 環 保 支 出 資 訊 ( ) ( ) ( ) 五 勞 資 關 係 1. (1) (2) (3) (4) (5) (6) (7)

18 ESD ( ) & TFT/EPD Defects / ESD OHSAS ISO Hydis Technologies Co., Ltd ,

19 六 重 要 契 約 96/5/17 100/6/23~105/6/ % % % 101/4/1~111/3/31 101/8/1~111/7/31 101/11/1~111/10/31 102/6/13~105/6/13 100% : % % % 300% NTD $11,000, /7/1~112/6/30 103/7/1~122/12/31 103/7/22~105/9/22 017

20 公 司 治 理 報 告 Corporate Governance Rep 018

21 一 組 織 系 統 ort BU LCD BU ESI BU BU ( ) EPD PM Sales kit BU ereader / / / JIG BD LCD BU LCD ESI BU ESLSmart CardIndustrial BU SF.com 019

22 二 董 事 監 察 人 總 經 理 副 總 經 理 協 理 各 部 門 及 分 支 機 構 主 管 資 料 ( ) ( 1) ( ) ,472, % 133,472, % % % / / ( ) ,000 *133, % 0.01% 100,000 *133, % 0.01% 4,500, % % Electrical Engineering ( ) ,000 *97,894, % 8.58% 100,000 *85,434, % 7.49% % % ( ) ,000 *10,095, % 0.89% 100,000 *10,095, % 0.89% % % ( ) ,472,904 *15, % 0.00% 133,472,904 *15, % 0.00% % % ( ) ,472, % 133,472, % % % ( ) ( ) ( ) KGI Securities (Korea) ( ) Hydis Technologies Co., Ltd % % % % * % * % % % % % % % EMBA * ( 3 ) 020

23 NEW TALENT LIMITED % 5.66% 4.69% 2.81% 2.79% 2.68% 2.30% 2.28% 2.07% 1.80% 47.39% 41.27% 7.46% 3.58% 0.30% BRILLIANT PRIDE LIMITED % 12.50% 12.50% 12.50% 12.50% 5.91% 4.35% 2.18% 1.52% 1.48% 1.48% NEW TALENT LIMITED IP Wing Kiu Wendy % 53.24% 24.48% 22.28% /

24 ( 1) ( 2) % % % , % 4,500, % % Electrical Engineering , % % % / , % % 0.00% / , % % % % % % / ( ) % % % Lucent Taiwan Senior Manager , % % % / , % % % Hydis Technologies Co., Ltd % % % New Mexico State University Penn State University , % % % BU % % % EMBA % % % 1(1) (2) (3) (4) (5) (6) (7) ( ) ( ) ( ) ( ) ( ) ( ) ( ) V V V V V V V V 0 V V V V V V 0 V V V V 0 V V V V 0 V V V V V V V V 1 V V V V V V V V 0 V V V V V V V V V V V 1 V V V V V V V V V V V 0 V V V V V V V V V V V V 2 022

25 " V " (1) (2) ( ) (3) (4) (5) (6) (7) (8) (9) 30 (10) 27 ( ) (1) ( ) / ( ) / ( ) / ( ) / ( ) / ( ) / ( ) / ( ) / ( 1) ( ) / ( 2) ( ) / ( 3) (A) (B) (C) (D) AB C D 103 (E) (F) (G) (H) (I) ABCDEF G ,080 1, % 8.01% 32,428 32, % % ( )

26 2,000,000 (A+B+C+D) (A+B+C+D+E+F+G) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 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, ,000, / ( ) : / ( ) : / (A) (B) (C) (D) ABC D % 2.67% ( 3 ) (A+B+C) 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, ,000,

27 3 ( ) ( ) (A) (B) (C) (D) AB C D ,703 31, ,330 25, % % (1) (2) (3) (4) (5) (6) ,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, ,000, (4) (1) % % 99.42% % ( ) 2.67% 2.67% 1.23% 1.23% % % % % ( 3 ) (2)

28 三 公 司 治 理 運 作 情 形 (A) ( ) ( ) ( ) ( ) ( ) : ( ) ( ) ( ) ( ) ( ) ( ) % % % % ( ) (%) / ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) % ( ) % ( ) % ( ) % ( ) % ( ) ( ) % ( ) % ( ) % ( ) % ( ) % ( ) ( ) (1) (2) / : : : ( ) 026

29 3 ( ) ( ) (%)( / )( ) % % % 14 5 : (1) (2) (3) V V V V V V V V V V V ( ) V V ( V : 027

30 (P.15 ~16) (P.15) /6/ /6/ /6/ /7/ /6/ /6/ /6/ /6/ /8/ /6/ /6/18 3 V V V V V V V V V V 1 V V V V V V V V V 0 V V V V V V V V V V 2 1 "V" (1) (2) (3) (4) (5) (6) (7) (8) (1) 3 (2) ( ) ( ) (%)( / ) % % % ( ) 028

31 V V V V V V V ISO V V V V V V V V V HR ( ) ISO14001 OHSAS18001 V 029

32 電 子 紙 產 品 減 少 充 電, 可 降 低 二 氧 化 碳 的 排 放, 減 少 對 地 球 的 傷 害 60 2,300,000 LCD 60% LCD 12 LCD AA E Ink 12 1 E Ink LCD E Ink LCD 電 子 紙 與 印 刷 紙 張 的 比 較 電 子 紙 可 重 複 使 用, 不 浪 費 紙 張 不 砍 伐 樹 木 E Ink 製 造 減 少 我 們 的 碳 足 跡 V V V V V V V V 030

33 V V V V ~ / 四 會 計 師 公 費 資 訊 ~ ,000 V 2 2,000 4, ,000 6, ,000 8, ,000 10, ,000 V V 031

34 五 在 最 近 二 年 度 及 其 期 後 期 間 更 換 會 計 師 資 訊 : 1. ( ) ( ) 六 最 近 一 年 內 曾 任 職 於 簽 證 會 計 師 所 屬 事 務 所 或 其 關 係 企 業 者 之 公 司 董 事 長 總 經 理 負 責 財 務 或 會 計 事 務 之 經 理 人 : 七 最 近 年 度 及 截 至 年 報 刊 印 日 止, 董 事 經 理 人 及 持 股 比 例 超 過 百 分 之 十 之 股 東 股 權 移 轉 及 股 權 質 押 變 動 情 形 /11 ( ) ( ) ( ) ( ) ( 1) ( ) ( ) (10,460,000) (2,000,000) ( 1) ( 1) - - ( 2) (280,000) - ( 3) ( )( 4) ( )( 5) - - ( ) ( ) ( ) ( )( 6) - - ( ) ( ) (Novelty BU)( 7) - - ( ) ( )( 7) (13,000) - ( ) ( ) ( BU) ( ) ( )

35 八 持 股 比 例 占 前 十 名 之 股 東, 其 相 互 間 之 關 係 資 訊 133,472, % % 85,434, % % % 32,842, % % 23,059, % % ( ) ,842, % % 20,155, % % 20,000, % % 12,847, % ,570, % 10,460, % % 九 公 司 公 司 之 董 事 監 察 人 經 理 人 及 公 司 直 接 或 間 接 控 制 之 事 業 對 同 一 轉 投 資 事 業 之 持 股 數, 並 合 併 計 算 綜 合 持 股 比 例 / ( 1) 671,032, % ,032, % PVI Global Corp. 154,413, % ,413, % ( ) 127,575, % ,575, % ( ) 93,500, % ,500, % E Ink Corporation 1, % 1, % 2, % Dream Universe Ltd. 4,050, % 0 0 4,050, % Prime View Communications Ltd. 3,570, % 0 0 3,570, % ( 2) 2,203, % 0 0 2,203, % Tech Smart Logistics Ltd. 1,550, % 1,748,251, % 1,749,801, % Hot Tracks International Ltd. 50, % , % % %

36 募 資 情 形 一 公 司 資 本 及 股 份 / ,000,000 10,000, ,960 4,259, , ( ) ,000,000 10,000, ,435 5,484,353 1,224, ( ) ,000,000 10,000, ,139 5,481,393 2, ( ) ,000,000 10,000, ,760 5,827, ,113 ; 113, ,000,000 10,000, ,833 5,878,331 50, ,000,000 10,000, ,128 5,901,280 22, ,000,000 10,000, ,534 5,905,341 4, ,000,000 10,000, ,278 6,782, ,000,000 10,000, ,313 7,483, ,130 ; 4, ,000 ; ,000,000 10,000, ,227 7,502,270 19, ,000,000 10,000, ,227 8,302, , ,000,000 10,000, ,602 8,326,016 23, ,000,000 20,000, ,321 9,563,210 26, , ,000,000 20,000,000 1,060,468 10,604,680 1,041, ,000,000 20,000,000 1,060,468 10,604,680 1,041, ,000,000 20,000,000 1,073,586 10,735, ,000,000 20,000,000 1,074,467 10,744,667 27, ,571 2,590 6, ,000,000 20,000,000 1,075,118 10,751,180 6, ,000,000 20,000,000 1,077,273 10,772,732 21, ,000,000 20,000,000 1,078,495 10,784,953 12, ,000,000 20,000,000 1,079,705 10,797,054 12, ,000,000 20,000,000 1,080,142 10,801,418 4, ,000,000 20,000,000 1,080,250 10,802,504 1, ,000,000 20,000,000 1,080,398 10,803,981 1, ,000,000 20,000,000 1,080,465 10,804, ,000,000 20,000,000 1,080,896 10,808,962 4, ,000,000 20,000,000 1,080,990 10,809, ,000,000 20,000,000 1,140,990 11,409, , ,000,000 20,000,000 1,140,468 11,404,677 5, (96) (97) (97) (97) (97) (98) (98) (98) (98) (99) (99) (99) (99)

37 : 1,140,467, ,532,285 2,000,000, / , , ,701, ,009, ,568,759 87,187,996 1,140,467, % 23.68% 65.99% 7.64% % / 10 (%) ,309 2,459, % 1,000-5,000 43, ,907, % 5,001-10,000 10,495 86,705, % 10,001-15,000 3,041 39,636, % 15,001-20,000 2,504 47,446, % 20,001-30,000 1,838 48,435, % 30,001-50,000 1,502 61,567, % 50, ,000 1,103 81,360, % 100, , ,938, % 200, , ,558, % 400, , ,191, % 600, , ,339, % 800,001-1,000, ,762, % 1,000, ,158, % 78,269 1,140,467, % (%) 133,472, % 85,434, % 32,842, % 23,059, % 21,842, % 20,155, % 20,000, % 12,847, ,570, ,460, % 035

38 : / ( 1) ( 2) ( 3) ( 8) ( 9) - 1,110,468 1,140, ( 4) ( 5) 665 1,843 - ( 6) ( 7) (1) (2) : ( ) ( ) ( ) (2) 0 036

39 (3) 利 勞 (4) ( ) 二 公 司 債 辦 理 情 形 : 三 特 別 股 辦 理 情 形 : 四 海 外 存 託 憑 證 辦 理 情 形 : 98/12/11 98/12/11 165,012, ,000,000 70,000,000 - CITIBANK,NA ( ) 155,960 / 五 員 工 認 股 權 憑 證 辦 理 情 形 , % ~ %; 3 100% ( ) 171,500 ( ) 4,230,400 ( ) ( ) 2,644,500 ( ) % 037

40 93 ~96 99~102 六 限 制 員 工 權 利 新 股 辦 理 情 形 : 七 併 購 或 受 讓 他 公 司 股 份 發 行 新 股 辦 理 情 形 : 103 八 資 金 運 用 計 劃 執 行 情 形 : 038

41 039

42 財 務 概 況 Financial Highlights 040

43 一 最 近 五 年 度 簡 明 資 產 負 債 表 1. ( 1) ,944,015 12,999,748 7,906,308 1,498,249 2,064,620 1,994,224 49,790 45, ,479 29,132,178 27,551,124 28,533,208 44,624,232 42,660,530 38,540,219 16,235,979 12,957,305 10,039,589 16,235,979 12,957,305 ( 2) 4,545,900 3,934,138 1,867,104 20,781,879 16,891,443 11,906,693 20,781,879 16,891,443 ( 2) 23,842,353 25,769,087 26,633,526 10,809,897 11,409,897 11,404,677 9,686,700 10,073,700 10,071,578 3,855,157 3,669,033 3,616,465 3,855,157 3,669,033 ( 2) (483,507) 642,351 1,540,806 (25,894) (25,894) ,842,353 25,769,087 26,633,526 23,842,353 25,769,087 ( 2) ( 1) ( 3) 18,520,690 14,216,444 15,882,253 13,805,656 10,194,178 9,835,142 9,041,082 8,616,091 10,267,299 9,797,804 9,675,994 9,541,863 6,933,453 6,235,705 4,354,523 3,890,375 45,915,620 40,085,095 38,953,852 35,853,985 14,945,285 8,561,571 9,112,824 8,078,336 14,945,285 8,561,571 ( 2) ( 2) 7,187,691 5,971,409 3,328,026 2,794,281 22,132,976 14,532,980 12,440,850 10,872,617 22,132,976 14,532,980 ( 2) ( 2) 23,842,353 25,769,087 26,633,526 25,143,376 10,809,897 11,409,897 11,404,677 11,404,677 9,686,700 10,073,700 10,071,578 10,071,578 3,855,157 3,669,033 3,616,465 2,487,689 3,855,157 3,669,033 ( 2) ( 2) (483,507) 642,351 1,540,806 1,179,432 (25,894) (25,894) - - (59,709) (216,972) (120,524) (162,008) 23,782,644 25,552,115 26,513,002 24,981,368 23,782,644 25,552,115 ( 2) ( 2)

44 1. ( ) ,099,260 12,575,666 14,106,586 21,023,298 28,927,334 28,967,069 1,716,093 1,510,040 1,451,620 46,589 22,749 5, , , ,122 35,142,333 43,258,457 44,673,793 11,185,621 10,122,741 16,235,979 14,053,853 13,362,019 16,235,979-5,061,000 4,429,714 93,097 69, ,991 11,278,718 15,253,587 20,773,684 14,146,950 18,492,865 20,773,684 10,775,773 10,801,778 10,809,897 9,764,320 9,813,894 9,830,854 4,027,978 7,686,527 3,698,081 1,159,746 4,447,249 3,698,081 (42,235) (342,113) 75,698 (662,221) 70,678 (488,527) - (25,894) (25,894) 23,863,615 28,004,870 23,900,109 20,995,383 24,765,592 23,900, ( ) ,671,685 21,078,903 18,912,726 3,889,353 5,575,956 6,224,236 9,045,930 9,288,777 9,772,703 9,728,703 9,197,331 10,222, ,302 1,043, ,788 40,761,973 46,184,330 45,912,359 13,902,110 8,972,612 14,945,285 16,770,342 12,211,890 14,945,285 1,584,549 8,027,052 6,135, , , ,373 16,366,749 17,994,930 22,055,566 19,234,981 21,234,208 22,055,566 10,775,773 10,801,778 10,809,897 9,764,320 9,813,894 9,830,854 4,027,978 7,686,527 3,698,081 1,159,746 4,447,249 3,698,081 (42,235) (342,113) 75,698 (662,221) 70,678 (488,527) - (25,894) (25,894) 531, ,530 (43,316) 24,395,224 28,189,400 23,856,793 21,526,992 24,950,122 23,856,

45 二 最 近 五 年 度 簡 明 綜 合 損 益 表 1. ( 1) ,359,855 14,427,628 12,461,581 1,124,952 1,293, ,055 ( ) 1,489 59,302 (486,906) (568,143) (16,413) 458,895 ( ) (566,654) 42,889 (28,011) ( (748,222) 29,303 13,476 (143,924) 1,131, ,451 (892,146) 1,160, ,927 ( ) ( 2) (0.69) ( 1) ( 3) 26,704,782 18,905,129 14,571,205 2,708,785 2,819,788 3,018,681 1,570, ,308 (1,448,408) (1,648,317) (3,234,911) (478,196) 813,411 1,436,827 2,913, ,696 (634,997) (211,490) (321,755) (66,500) ( ) (1,082,407) (36,009) 54,209 (209,447) (962,357) ( ) (1,082,407) (36,009) 54,209 (1,171,804) (140,248) 1,117, ,274 (359,830) (1,222,655) 1,081, ,483 (1,531,634) ( ) (748,222) 29,303 13,476 (1,129,090) ( ) (334,185) (65,312) 40,733 (42,714) (892,146) 1,160, ,927 (1,490,150) (330,509) (78,566) 35,556 (41,484) ( )( 2) (0.69) (0.99)

46 1. ( 1) ,016,427 26,338,668 13,359,855 3,297,283 4,135,132 1,124,815 2,470,563 2,674,852 1,352 2,004,519 4,237, , , , ,182 ( ) 4,224,978 6,667,781 (567,600) ( ) 4,027,978 6,526,781 (749,168) ( ) 4,027,978 6,526,781 (749,168) ( )( 2) (0.69) ( 1) ,178,929 38,428,121 26,704,782 8,473,501 12,027,544 2,856,401 ( ) 4,332,322 7,005,429 (1,449,638) 964, ,131 1,207, , , ,115 ( ) 4,842,581 6,891,007 (636,227) ( ) 3,913,616 6,331,050 (1,083,637) ( ) 3,913,616 6,331,050 (1,083,637) ( )( 2) (0.69) ( ) 99 / 100 / 101 / 102 / 103 / 044

47 二 最 近 五 年 度 財 務 分 析 (%) 1, , , (%) (%) (5.37) (%) (1.53) (%) (2.89) (%) (5.24) 0.38 (0.25) (%) (5.60) (0.69) (14.58) (1.54) (%) (0.51) (4.91) (0.42) (0.02) (1.50) %

48 ( ) (%) (%) (%) (0.62) 0.15 (1.43) (42.50) (%) (1.27) (2.96) (%) (2.89) (4.36) (%) (2.78) (1.28) (3.18) (8.65) (%) (2.80) (41.68) (0.69) (0.99) (2.52) (%) (0.41) (0.42) (0.25) % (1) (2) 2. (1) (2) (3) 3. (1) ( ) ( ) (2) 365 (3) 046

49 (4) ( ) ( ) (5) 365 (6) (7) 4. (1) (2) (3) (4) 5. (1) (2) ( ) (3) ( )( ) 6. (1) ( ) (2) ( ) (%) 1, , , (%) (%) (5.38) (%) (1.53) (%) (2.89) (%) (5.25) (%) (5.61) (0.69) (%) (0.44) (0.01) 20%

50 (%) (%) (%) (0.63) (%) (1.27) (%) (2.89) (13.41) (%) (2.79) (%) (2.81) (0.69) (%) (0.41) % (1) (2) 2. (1) (2) (3) 3. (1) ( ) ( ) (2) 365 (3) (4) ( ) ( ) (5)

51 (6) (7) 4. (1) (2) (3) (4) 5. (1) (2) ( ) (3) ( )( ) 6. (1) ( ) (2) ( ) 三 最 近 年 度 決 算 表 冊 之 監 察 人 審 查 報 告 四 公 司 及 其 關 係 企 業 最 近 年 度 及 截 至 年 報 刊 印 日 止, 發 生 財 務 週 轉 困 難 情 事 對 本 公 司 財 務 狀 況 之 影 響 : 049

52 財 務 狀 況 及 經 營 結 果 之 檢 討 分 析 與 風 險 事 項 一 財 務 狀 況 % 15,882,253 14,216,444 1,665, % 9,041,082 9,835,142 (794,060) -8.07% 9,675,994 9,797,804 (121,810) -1.24% 4,354,523 6,235,705 (1,881,182) % 38,953,852 40,085,095 (1,131,243) -2.82% 9,112,824 8,561, , % 2,566,020 4,877,848 (2,311,828) % 762,006 1,093,561 (331,555) % 12,440,850 14,532,980 (2,092,130) % 26,633,526 25,769, , % 11,404,677 11,409,897 (5,220) -0.05% 10,071,578 10,073,700 (2,122) -0.02% 3,616,465 3,669,033 (52,568) -1.43% 1,540, , , % 0 (25,894) 25, % (120,524) (216,972) 96, % 26,513,002 25,552, , % % 二 財 務 績 效 ( ) (%) 14,571,205 18,905,129 (4,333,924) % 13,000,451 15,886,448 (2,885,997) % 1,570,754 3,018,681 (1,447,927) % 4,805,665 4,666, , % (3,234,911) (1,648,317) (1,586,594) 96.26% 2,913,156 1,436,827 1,476, % (321,755) (211,490) (110,265) 52.14% 375, , , % 54,209 (36,009) 90, %

53 三 現 金 流 量 (103 ) 1 ( ) ,664,263 4,201, ,469 (1,797,942) 325,041 8,124, (1) (2) (3) 2. (104 ) 1 ( ) 2 ( ) + + 8,124,294 4,115,915 (3,199,500) 9,040, (1) (2) 2. 四 最 近 年 度 重 大 資 本 支 出 對 財 務 業 務 之 影 響 ,699,000 6,474, , ,500, ,500, ,251, ,251, , , ,409, ,409, ,072, , , , , , ,500, ,500, ,266, ,266, ( ) 5,288 ( ) 40, ,409, ,

54 五 最 近 年 度 轉 投 資 政 策 其 獲 利 或 虧 損 之 主 要 原 因 改 善 計 畫 及 未 來 一 年 投 資 計 畫 , ,779 FFS 六 最 近 年 度 及 截 至 年 報 刊 印 日 止 之 風 險 事 項 ( ) TFT-LCD ICFFS ( / ) TFT (AMOLED TFT) TFT(OTFT) (Oxide TFT) 10~12% ( ) 052

55 ( ) 七 其 他 重 要 事 項 : 053

56 特 別 記 載 事 項 一 關 係 企 業 相 關 資 料 % 0.09% % % % % % % % Dream Universe Ltd. Tech Smart Logistics Ltd. PVI Global Corp. Hot Tracks International Ltd. Prime View Communications Ltd % 99.91% 66.66% 12.88% 41.81% E Ink Corporation 45.31% % 24.23% % % % % % Ruby Lustre Ltd % PVI International Corp % Dream Pacific International Corp % Lucky Joy Holdings Ltd. Leading Concept Limited Mobilio Limited Hydis Technologies Co., Ltd % E Ink Califomia, LLC () % E Ink Japan Inc % 44.39% % 28.81% 29.38% 29.45% 41.74% 28.83% 41.79% % Hydis Japan Co., Ltd % % Hydis Taiwan Inc % SiPix Imaging Inc E Ink California, LLC 054

57 / ( ) ,275,754 ( ) ,710,323 ( ) ,000 ( ) E Ink Corporation Technology Park Drive, Billerica, Massachusetts, United States of America 2 E Ink California, LLC Seabridge Dr., Fremont, CA, 94538, USA 29,100 E Ink Japan F,Dai 12 Daitetsu Bldg., 3-12, Yotsuya 4-chome, Shinjukuku, Tokyo 10,000, PVI Global Corp Palm Grove House, P.O. BOX 438, Road Town, Tortola, British Virgin Islands 154,496 PVI International Corp Palm Grove House, P.O. BOX 438, Road Town, Tortola, British Virgin Islands 142,300 Prime View Communications Ltd /F., SHATIN INDUSTRIAL BUILDING, WO SHUI STREET,FOTAN, SHATIN,N.T., HONG KONG 3,570 Hot Tracks International Ltd Palm Grove House, P.O. BOX 438, Road Town, Tortola, British Virgin Islands 50 Tech Smart Logistics Ltd Palm Grove House, P.O. BOX 438, Road Town, Tortola, British Virgin Islands 151,550 Dream Universe Ltd rd Floor, Raffles Tower,19 Cybercity, Ebene, Republic of Mauritius 4,050 Ruby Lustre Ltd Palm Grove House, P.O. BOX 438, Road Town, Tortola, British Virgin Islands 30,000 Dream Pacific International Corp Palm Grove House, P.O. BOX 438, Road Town, Tortola, British Virgin Islands 26,000 Lucky Joy Holdings Ltd Equity Trust Chambers, P.O.BOX 3269, Apia, Samoa 1,098 ( ) ,300 ( ) , A A918-A922 20,000 ( ) ,149 ( ) , ,600 Mobilio Limited Palm Grove House. P.O.BOX 438, Road Town,Tortola, British Virgin Islands 3,000 Leading Concept Limited Palm Grove House, P.O. BOX 438, Road Town, Tortola, British Virgin Islands 50 Hydis Technologies Co., Ltd San 136-1, Ami-ri, Bubal-eub, Ichon-si, Gyeonggi-do, , Korea 19,967,175 Hydis Japan Co., Ltd Dai 12 Daitetsu Bldg. 2F , Yotsuya, Shinjuku-ku, Tokyo, , Japan 10, F2 68 Hydis Taiwan Inc ,000 ( ) ,000 ( ) ,916 ( ) ,

58 ( ) ( ) ( ) ( ) E Ink Corporation E Ink California, LLC E Ink Japan, Inc. PVI Global Corp. PVI International Corp. Prime View Communications Ltd. Hot Tracks International Ltd. Tech Smart Logistics Ltd. Dream Universe Ltd. Ruby Lustre Ltd. Dream Pacific International Corp. Lucky Joy Holdings Ltd. ( ) ( ) ( ) ( ) Mobilio Limited Leading Concept Limited Hydis Technologies Co.,Ltd. Hydis Japan Co., Ltd. Hydis Hydis Hydis Taiwan Inc. Hydis ( ) ( ) ( ) / ( ) 127,575, % ( ) 671,032, % ( ) 93,500, % ( ) % E Ink Corporation 2, % E Ink California, LLC 27,400, % E Ink Japan, Inc. Naoki SumitaPaul Apen % PVI Global Corp. 154,413, % PVI International Corp. 142,300, % Prime View Communications Ltd. 3,570, % Hot Tracks International Ltd. 50, % Tech Smart Logistics Ltd. 1,749,801, % Dream Universe Ltd. 4,050, % 056

59 Ruby Lustre Ltd. 30,000, % Dream Pacific International Corp. 26,000, % Lucky Joy Holdings Ltd. 1,749,801, % ( ) - 100% ( ) - 100% - 100% ( ) - 100% ( ) - 100% % Mobilio Limited 3,000, % Leading Concept Limited 50, % Hydis Technologies Co., Ltd. 3,783, % Hydis Japan Co., Ltd % Bang, Jang Hyuk Kim, Bum Man % Hydis Taiwan,Inc Kim, Bum Man 473, % ( ) - 100% ( ) % ( ) - 100% 057

60 / ( ) ( ) ( ) ( ) ( )( ) ( ) 1,275,754 4,715,306 1,926,109 2,789,197 0 (2,432) 276, ( ) 6,710,323 6,528, ,527,409 0 (295) 187, ( ) 935,000 1,277, ,276,981 0 (215) 67, ( ) , , ,103 1,117,494 (31,163) (22,949) (254,988.89) E Ink Corporation 2 133,745 43,873 89,872 91,428 6,384 14,685 6, E Ink California, LLC ,845 1,346 10,499 8, , E Ink Japan Inc. 10,000 10, , PVI Global Corp. 154, ,854 8, ,512 0 (1,834 ) 8, PVI International Corp. Prime View Communications Ltd. Hot Tracks International Ltd. Tech Smart Logistics Ltd. 142, ,338 40, ,333 0 (7 ) (10,322 ) (0.07) 3, , ,528 6,560 0 (56 ) ,574 21,061 (487 ) 0 (3 ) , ,673 52, ,223 0 (35 ) 7, Dream Universe Ltd. 4,050 20,014 8,776 11,238 0 (8,677 ) (7,794 ) (1.92) Ruby Lustre Ltd. 30,000 34, , (1,814 ) (0.06) Dream Pacific International Corp. Lucky Joy Holdings Ltd. ( ) ( ) ( ) ( ) 26, ,532 94, ,141 76,999 (13,456 ) 23, , (2 ) 0 0 7, ,804 1,006, , , ,974 (26,175 ) (64,359 ) 240, ,523 63, , ,517 (14,106 ) (11,139 ) 20, ,610 (5,448 ) 0 (65 ) (302 ) 63,262 57, ,952 0 (10 ) 1,629 63,406 58, ,213 0 (21 ) 1, ,058 39, ,925 (153,600 ) 0 (3,289 ) (11,805 ) Mobilio Limited 3,000 32, ,042 0 (4 ) (298 ) (0.10) Leading Concept Limited Hydis Technologies Co., Ltd , ,207 0 (1 ) (1 ) (0.02) 19,967, ,041, ,394,027 40,647,662 58,667,565 (52,485,520 ) 39,509,621 9, Hydis Japan Co., Ltd. 10,000 70, ,420 (71,523 ) 534,948 (43,057 ) (41,745 ) (386 ) 0 (407 ) (407 ) Hydis Taiwan Inc. 5,000 60,361 59,347 1, ,111 (10,027) (111,571) (223.14) ( ) ( ) ( ) 27,308 27,272 1,430 25,842 15,611 4,422 4,953 62,968 23,526 3,756 19,770 2,663 (12,128 ) (11,742 ) 442,121 1,207, , ,260 1,449,248 (16,127 ) (16,820 ) ( ) ( ) ( ) ( ) 058

61 二 內 部 控 制 制 度 執 行 狀 況 ( ( ) 三 最 近 年 度 及 截 至 年 報 刊 印 日 止 私 募 有 價 證 券 辦 理 情 形 : 四 最 近 年 度 及 截 至 年 報 刊 印 日 止 子 公 司 持 有 或 處 分 本 公 司 股 票 情 形 : 五 其 他 必 要 補 充 說 明 事 項 : 059

62 六 最 近 年 度 及 截 至 年 報 刊 印 日 止, 如 發 生 本 法 第 三 十 六 條 第 二 項 第 二 款 所 定 對 股 東 權 益 或 證 券 價 格 有 重 大 影 響 之 事 項 : Hydis Technologies Co.,Ltd. Icheon Fab ,113 七 最 近 年 度 及 截 至 年 報 刊 印 日 止, 股 東 會 及 董 事 會 之 重 要 決 議 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) : : / / SiPix Imaging Inc. 060

63 / / / / / / 061

64 Financial report 062

65 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )

66 Hydis Technologies Co., Ltd. BOE Mobile Display Technology Co., Ltd , % , %

67 $ 791,496 2 $ 1,767, ,813-1,498, , , , ,996, ,108, ,925, , X 962, ,434, ,527-84, ,976-75,049-11XX 7,906, ,999, , , ,305-77, , ,692, ,453, ,994, ,064, ,479-45, , , ,323-44,333-15XX 30,633, ,660, XXX $ 38,540, $ 42,660, $ 1,132,325 3 $ 149, , ,257, ,505, ,045, , , , ,850-32, , , ,089, ,780, ,107-32,072-21XX 10,039, ,957, ,812, ,870, ,247-63,195-25XX 1,867, ,934, XXX 11,906, ,891, ,404, ,409, ,071, ,073, ,058, ,055, , , ,487, ,130, ,616, ,669, ,540, , ( 25,894) - 3XXX 26,633, ,769, $ 38,540, $ 42,660,

68 $ 12,461, $ 14,427, ,542, ,133, , ,293, , , , , , , ,405, ,234, ( 486,906) ( 4) 59, ,115-35, ,716-30, ,984-95, ( 105,267) ( 1) ( 98,912) ( 1) ,162 4 ( 175,617) ( 1) , , , ( 30,971) ( 5,296) - ( 9,322) ,895 4 ( 16,413) ( 28,011) - 42, ,487 - ( 13,586) ,476-29, , , ( 14,159) - ( 10,449) , , ,407-1, , ,131, $ 952,927 8 $ 1,160, $ 0.01 $

69 A10000 ($ 28,011) $ 42,889 A20010 A , ,580 A ,248 33,744 A20400 ( 60,452) ( 67,211) A ,267 98,912 A21200 ( 29,115) ( 35,116) A21300 ( 18,976) ( 16,639) A22300 ( 443,162) 175,617 A22500 ( 2,946) - A23100 ( 359) - A ,296 - A ,322 A ,000 77,000 A ,977 80,359 A29900 ( 30,716) ( 30,716) A30000 A31150 ( 188,803) 209,299 A ,172, ,482 A ,848 ( 829,514) A ,740 ( 32,106) A31240 ( 722) ( 31,077) A32150 ( 745,670) ( 1,246,661) A32160 ( 3,702,396) ( 943,015) A ,412 ( 61,942) A32210 ( 115,500) 200,969 A32230 ( 4,812) 16,176 A33000 ( 127,333) ( 1,685,648) A33500 ( 27,341) ( 203,992) AAAA ( 154,674) ( 1,889,640) B ,500,000 - B00300 ( 28,120) - B ,809 - B00600 ( 1,500,000) - B ,720 B ,000 - B02700 ( 121,576) ( 823,913) B ,592 - B ,240 1,234,133 B04500 ( 80,046) ( 22,888) B ( 1,953) B ,371 34,989 B ,040 33,368 BBBB 943,677 1,339,456 C ,015 ( 1,242,000) C ,200,000 C01700 ( 1,769,542) ( 1,769,542) C C ,712 ( 2) C ,000 C05400 ( 873,908) ( 7,024) C05600 ( 105,818) ( 106,303) CCCC ( 1,765,097) ( 937,871) EEEE ( 976,094) ( 1,488,055) E ,767,590 3,255,645 E00200 $ 791,496 $ 1,767,

70 A ,080,990 $ 10,809,897 $ 9,686,700 $ 1,055,476 B B D D D E1 7 60, , ,000 - C M Z ,140,990 11,409,897 10,073,700 1,055,476 B ,930 B D D D L3 ( 522) ( 5,220) ( 4,346) - M ,224 - Z ,140,468 $ 11,404,677 $ 10,071,578 $ 1,058,

71 $ 271,435 $ 2,528,246 ($ 559,205) $ 75,698 ($ 25,894) $ 23,842,353 70,678 ( 70,678) ,394 ( 141,394) , ,303-5, , ,084-1,131,137-34, , ,084-1,160, ,000 - ( 25,705) ( 25,705) - ( 195,001) ( 195,001) 483,507 2,130,050 61, ,782 ( 25,894) 25,769,087 - ( 2,930) ( 412,829) 412, , ,476-40,996 1,020,437 ( 121,982) - 939,451-54,472 1,020,437 ( 121,982) - 952,927 - ( 16,328) , ( 90,712) ( 88,488) $ 70,678 $ 2,487,381 $ 1,082,006 $ 458,800 $ - $ 26,633,

72 ( ) 2013 IFRSIASIFRIC SIC IASB 2013 IFRSIASIFRIC SICIFRSs IFRSs IFRSs IAS IAS 39 IFRSs IFRS 1 IFRS 7 IFRS 1 IFRS 1 IFRS 7 IFRS 7 IFRS 11 IFRS 12 IFRS 10IFRS 11 IFRS 12 IFRS 10IFRS 12 IAS 27 IFRS 13 IAS 1 IAS 12 IAS 19 IAS 27 IAS 28 IAS 32 IFRIC 20 IASB IFRSs 1. IFRS 13 IFRS 13 IFRS 13 IFRS IAS 1 (1) (2) 070

73 IAS 19 IAS IAS IFRS 7 5. IAS IAS 1IAS 16 IAS 32 IAS 1 IAS 16 IAS 16 IAS 32 IAS 12 ( ) IASB IFRSs IASB IFRSs IASB IFRS IFRS 9 IFRS IFRS 10 IAS IFRS 10IFRS 12 IAS IFRS IFRS IFRS IAS IAS 16 IAS IAS 16 IAS IAS IAS IAS IAS IFRIC

74 IFRS IFRS 3 IFRS IFRS IFRS 9 IAS 39 IFRS 9 (1) (2) IFRS IAS 36 IASB IFRS 13 IAS 36 IAS IFRS 3 IFRS 13 IFRS 3 IAS 39 IFRS 9 IFRS 13 IFRS IFRS 13 IFRS 13 IAS 39 IFRS 9 IAS IAS 16 IAS 38 IAS

75 IAS 38 (1) (2) 6. IFRS 15 IFRS 15 IAS 18IAS 11 IFRS 15 (1) (2) (3) (4) (5) IFRS IFRS 10 IAS 28 IFRS 3 IFRS IFRS 7 IFRS 7 9. IAS 1 ( ) ( ) ( )

76 ( ) ( ) ( )

77 2. ( ) ( ) ( ) 075

78 ( ) 1. (1) A. a. b. c. B. C. 3 (2) 076

79 (3) ( ) 1. (1) (2) (3) (4) (5)

80 3. ( ) ( ) ( ) ( ) 1. 10%

81 ( ) ( ) ( ) ( ) ( ) ( ) ( ) $ 240 $ , , , ,697 $ 791,496 $ 1,767, % % % % $ 58,813 $ 18,611-1,479,750 $ 58,813 $ 1,498,

82 ( ) ,500, % ,500,000 ( ) USD73,000/NTD 2,255, USD 39,600/NTD 1,166, , $ 600,000 $ - 600,000 - $ 1,200,000 $ ,500, , % $ 289,378 $ 212, ,490 63,024 73,633 33, ,524 1,126,308 $ 962,025 $ 1,434, ,542,526 13,133, ,000 77, $ 26,692,398 $ 26,453, $ 26,692,398 $ 26,453,736 ( ) PVI Global Corp. $ 9,796,056 $ 9,231,382 6,527,409 6,490,298 E Ink Corporation 4,909,205 3,735,532 2,789,197 4,082,648 1,276,980 1,369,701 1,006, ,605 Dream Universe Ltd. 355, ,536 Prime View Communications Ltd. 26,763 24,534 Tech Smart Logistics Ltd. 4,621 4,500 Hot Tracks International Ltd. - - $ 26,692,398 $ 26,453,

83 PVI Global Corp % % % % E Ink Corporation 45.31% 70.60% % % % % % 98.97% Dream Universe Ltd % % Prime View Communications Ltd % % Tech Smart Logistics Ltd. 0.09% 0.09% Hot Tracks International Ltd % % Tech Smart Logistics Ltd. 20% 100% Tech Smart Logistics Ltd E Ink CorporationEIC % SiPix Imaging, Inc.SII 873,509 EIC SII SII E Ink California, LLC Hot Tracks International Ltd , ( ) $ - $ % 102 9, $ 2,350,778 $ 6,431,553 $ 1,151,103 $ 77,192 $ 10,010,626-60, , , ,031 - ( 3,489) ( 16,065) - ( 19,554) 210, , ( 578,062) ( 80) $ 2,561,028 $ 6,855,900 $ 1,379,852 $ 18,243 $ 10,815, $ 1,462,144 $ 6,130,694 $ 919,539 $ - $ 8,512,377 - ( 3,489) ( 16,065) - ( 19,554) 45, , , , $ 1,507,807 $ 6,239,114 $ 1,003,482 $ - $ 8,750, $ 1,053,221 $ 616,786 $ 376,370 $ 18,243 $ 2,064, $ 2,561,028 $ 6,855,900 $ 1,379,852 $ 18,243 $ 10,815, ,102 78,629 38, ,805 ( 66,042) ( 301,243) ( 95,258) - ( 462,543) - 19,781 9,767 ( 29,548) $ 2,495,181 $ 6,654,540 $ 1,372,990 $ 27,574 $ 10,550, $ 1,507,807 $ 6,239,114 $ 1,003,482 $ - $ 8,750,403 ( 66,042) ( 300,710) ( 95,145) - ( 461,897) 45, ,578 90, , $ 1,486,813 $ 6,069,982 $ 999,266 $ - $ 8,556, $ 1,008,368 $ 584,558 $ 373,724 $ 27,574 $ 1,994,

84 $ 201 $ 2, % % ( ) ,500 5, %-1.38% 1.33% ( ) $ 3,902,572 $ 5,651, ,089,715 1,780,629 $ 1,812,857 $ 3,870, % % ,143 28, ,250, ,702,572 4,451, % 100% 300% 102 4,200, % 7 52% ,200, % %140% 130% 300% 11,000, ( ) 6% ( ) 6 2% 2 082

85 % 1.9% 2.0% 2.0% 2.8% 2.8% $ 1,416 $ 866 1,975 1,511 ( 2,067) ( 1,682) $ 1,324 $ ,752 8, ,955 11, $ 112,447 $ 105,328 ( 98,154) ( 100,347) $ 14,293 $ 4, $ 105,328 $ 92,969 1, ,975 1,511 14,378 9,982 ( 10,650) - $ 112,447 $ 105, $ 100,347 $ 89,707 2,067 1, ( 467) 6,171 9,425 ( 10,650) - $ 98,154 $ 100, ,286 1, % 44.77% 19.12% 22.86% 14.46% 18.11% 11.92% 9.37% 4.81% 4.89% % % $ 112,447 $ 105,328 $ 92,969 $ 95,862 $ 98,154 $ 100,347 $ 89,707 $ 96,856 $ 14,293 $ 4,981 $ 3,262 ($ 994) ($ 6,512) ($ 13,802) ($ 2,029) $ - $ 218 ($ 467) ($ 1,020) $ ,465 6,

86 ( ) ,000,000 2,000,000 $ 20,000,000 $ 20,000,000 1,140,468 1,140,990 $ 11,404,677 $ 11,409, , , , ,346 16,328 25,894 ( ) $ 9,494,322 $ 9,498, , , ,056 49,832 $ 10,071,578 $ 10,073, ( ) 10% 50% % 1% 10% IFRSs 25% ,829 2, ,

87 ,348 ( ) IFRSs 70,678 ( ) $ 61,569 ($ 559,205) 1,020, ,774 $ 1,082,006 $ 61, $ 580,782 $ 75,698 9, ,866 ( 131,787) 353,218 $ 458,800 $ 580,782 ( ) ( ) $ 267,555 $ 257,580 18,605 27,720 15,643 6,024 $ 301,803 $ 291,324 $ 201,198 $ 180,774 66,357 76,806 $ 267,555 $ 257,580 $ 34,248 $ 33,744 ( ) $ 37,050 $ 35,426 1, ,374 36,121 $ 968,378 $ 851,833 $ 1,006,752 $ 887,954 $ 328,951 $ 284, , ,983 $ 1,006,752 $ 887, ,

88 ( ) $ - ($ 20,157) ( 30,744) - ( 44,617) ( 28,760) ( 75,361) ( 48,917) 116,848 35,331 $ 41,487 ($ 13,586) ($ 28,011) $ 42,889 17% $ 4,762 ($ 7,291) ( 24,614) ( 3,304) 3,287 2, ,413 15,386 ( 44,617) ( 28,760) ( 43,920) - 13,176 7,554 $ 41,487 ($ 13,586) 17% % ( ) $ 1,401 $ - $ 81,850 $ 32,429 ( ) 103 $ 153,941 $ 76,482 $ - $ 230,423 10,551 10,577-21,128 21,105 ( 8,505) - 12,600 4,078-2,407 6,485 19,469 ( 3,778) - 15, ,144 74,776 2, ,327-52,070-52,070 $ 209,144 $ 126,846 $ 2,407 $ 338,397 $ - $ 9,998 $ - $ 9,

89 102 $ 141,440 $ 12,501 $ - $ 153,941-21,105-21,105-10,551-10,551 2,302-1,776 4,078 18,911 ( 18,633) ,317 4,874-19,191 $ 176,970 $ 30,398 $ 1,776 $ 209,144 $ 4,933 ($ 4,933) $ - $ - ( ) $ 306, ( ) ,304,410 4,498,036 ( ) $ 2,487,381 $ 2,130,050 $ 324,015 $ 278, % 12.07% ( ) ,464 22, $ 0.01 $ $ 13,476 $ 29, ,140,468 1,110, ,

90 , , Binomial Option Price Model 1.03% % 52.67% $ 197,805 $ 824,031 ( 76,229) ( 118) $ 121,576 $ 823,913 ( ) (1) (2) (3) $ - $ 58,813 $ - $ 58,813 $ 851,785 $ - $ - $ 851, $ - $ 1,479,750 $ - $ 1,479,750-18,611-18,611 $ - $ 1,498,361 $ - $ 1,498,361 $ 766,310 $ - $ - $ 766,

91 3. (1) (2) ( ) $ 58,813 $ 1,498, ,315,967 9,907, , , ,605,958 16,515, ( ) 1. (1) 1% 1% 1% ,759 24,472 (2) $ 1,991,256 $ 663,472 5,034,896 5,800, ,264 2,

92 ,895 24, (3) 5% ,589 38, (1) (2) ,847,675 3,342, $ 1,140,459 $ 11,271 $ 2,131,742 $ 1,836,212 $ $ 10,487 $ 166,097 $ 1,849,178 $ 3,956,740 $ - ( ) $ 8,731,355 $ 10,734, , , $ 8,973,148 $ 10,911,029 ( ) $ 7,959,531 $ 7,049,077 46,400 43,594 27,214 20,197 $ 8,033,145 $ 7,112,

93 ( ) $ 4,886,726 $ 7,481,881 35,299 1,145 $ 4,922,025 $ 7,483, ( ) $ 5,557,320 $ 9,020,646 5,700 20,432 3,654 4,650 $ 5,566,674 $ 9,045,728 ( ) $ 117,632 $ 198,373 ( ) $ 30,716 $ 30,716 ( ) $ 600,162 $ 1,163,675 ( ) $ 83,436 $ 748,514 ( ) $ - $ 450, $ 2,551 $ 921 ( ) $ 4,510,125 $ 6,601,688 ( ) $ 83,967 $ 49,800 1,306 1,082 $ 85,273 $ 50,

94 ,061 8, ,330,000 13,287, $ 128, $ 4,075, , $ 11,445,190 6, ,763 $ 11,471, , $ 6,937, $ 276, $ 8,241, , $ 7,631,119 6, ,534 $ 7,655, , $ 11,189,

95 ( ) ( ) % % % % % ( ) (1) (2) (3) (4) (5) (6) 093

96 $ 450,000 $ - $ PVI Global Corp. Hydis Technologies Co., Ltd. 13, Dream Pacific International Corp. Hydis Technologies Co., Ltd. 31, , , , Tech Smart Logistics Ltd. 4,706 4,706 4, , ,123 3,123 3, , Hydis Technologies 34, Co., Ltd. 6 E Ink California, LLC E Ink Corporation 2, % $ 6,658,382 $ 1,695,536 ( 53,571 ) 1 6,658, ,057 ( 13,714 ) E Ink Corporation 1 6,658,382 2,152,200 ( 68,000 ) Hydis Technologies Co., Ltd. Tech Smart Logistics Ltd. Dream Pacific International Corp. 1 6,658, ,300 ( 22,000 ) 1 6,658,382 1,186,875 ( 37,500 ) 1 6,658, ,500 ( 10,000 ) PVI Global Corp. 1 6,658, ,500 ( 10,000 ) 4 $ 1,130,357 ( 35,714 ) 226,071 ( 7,143 ) 1,616,411 ( 51,071 ) 904,286 ( 28,571 ) 316,500 ( 10,000 ) 316,500 ( 10,000 ) 4 $ 847,768 ( 26,786 ) 169,554 ( 5,357 ) 664,650 ( 21,000 ) ,200 ( 8,000 ) 253,200 ( 8,000 ) 1 6,658, , % US$1 $31.65 RMB$1 $ % 2 6,658, ,034 ( 180,000 ) 2 6,658, ,689 ( 120,000 ) 2 6,658,382 1,267,240 ( 245,000 ) 775,862 ( 150,000 ) 620,689 ( 120,000 ) 620,689 ( 120,000 ) 320,689 ( 62,000 ) 258,621 ( 50,000 )

97 $ - $ - - $ - $ 10,653,410 $ 10,653, , , ,056 40, , , , , , , , , ,307 83, ,889 64, ,200 4,200 5 $ $ 26,633, ,633, ,633, ,633, ,633, ,633, ,633, ,633, ,980, ,980, ,980,

98 IGNIS INNOVATION INC Hydis Non-guaranted Corporation Bonds F-Origin - Tech Smart Logistics Ltd. Giant Crystal Universal Development Inc. - PVI Global Corp. Giant Crystal Universal Development Inc. - Hydis Non-guaranted Corporation Bonds Dream Universe Ltd. Entourage Systems Inc. - Giant Crystal Universal Development Inc. - Dream Pacific International Corp. Hydis Non-guaranted Corporation Bonds Hydis Technologies Co., Ltd. Trigem Computer Inc

99 49,856 $ 648, $ 648,122 7, , ,661 4,755 97, ,002 2,696 22, , ,200,000-1,200,000 6,741 92,266-92,266 6,344 82, , ,371,148-2,371,148 1,628 22,279-22,279 63, , ,408 5, , , ,062 21, ,657 2,689 59, ,018 2,228 27, ,920 1,286 16, , ,102-2,102-3,679-3,679-10,563-10,563 1, ,154-3,154-10,563-10,