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Transcription

1 2311 NYSE : ASX

2 (02) (07) ~8 (07) , (02) (02) , 8, , (02) (07) NYSE

3 II V VI VII VIII IX X XII XV

4 PDA gigabyte BGA 20 Mhz GHz III

5 Fine Pitch Bonding Wafer Bumping Flip Chip Packaging System-in-Package Image Sensor Modules Green Packaging GHz R F BGA NEC NEC LTX Teradyne 3C ,000 Flip Chip BGA < V

6 5, < < VII

7 SiP SoCSiP 4 PDA 3C < < IX

8 % Dataquest BGA WLCSP MCM SIP Lead-free 2004 IDM BGA 2004 BGA RF 2004 IDM IC 2004NEC NECIDM XI

9 XIII , , , , , , , , , , , , , , , , , , ,121 60, , ,410.8 (462.1) (2,985.5) (2,142.2) (0.60) , , , , , , ,094.6 (685.2) (2,709.7) , , , ,401 66, , , , , , , , , , , ,000 50,000 40,000 30,000 20,000 10, , , , , , ,000 14,000 8,000 10,000 12,000 6,000 4,000 2, , , , , , ,000 8,000 6,000 4,000 2, , , , ,270.5

10 140, , , , , , , ,000 60,000 77, ,000 20, , , , , , , , ,000 60, ,

11 X

12 PDIP CDIP PLCC PGAPPGA ,006,183 EQFP MOTOROLAAward of Excellence for Quality ISO , , ASE TEST LIMITEDNASDAQ 2Euro Convertible Bond SAC Semiconductor Assembly Council ASE Test Limited1,500,000120,000,000 TDR QS 9000 ISO

13 ASE Test Limited 2,500,000 TDR ASE TEST LIMITED ISE LAB PAJU % 9 25 ADR 20,000, ,000, ,000, ,989, % 2Euro Convertible Bond ,315,437 IC NEC 3

14 . ISE Labs Inc. Bumping Bumping 4

15 e 5

16 ,254, % 22,280, % ,181, % 40,899, % 63,383, % ,395, % 691,235, % ,803, % 63,383, % 40,899, % ,339, % 691,235, % $950 $190 $6,460 $190 $6,652 $757 $1,840 $2,476 ASE Test Limited $190 $2,000 $760 $2,

17 ASE Marketing Services Ltd. - ASE Test Holdings, Ltd. - ASE Korea Inc. - ISE Labs, Inc. - - ASE Holding Ltd. Bermuda - J&R Holding Ltd. Bermuda ASE Test Ltd. Singapore ASE Test Ltd. Singapore - ASE Test Holdings Ltd. - ASE Korea Ltd. - ASE Electronics Malaysia Sdn, Bhd - ISE Labs, Inc ASE Marketing Services Ltd. - J&R Holding Ltd. Bermuda - ASE Investment Labuan Ltd. - ASE Holding Ltd. Bermuda - Omniquest Industrial Limited - ASE Test Ltd. Singapore - ASE Test Holding, Ltd. - ASE Test Finance, Ltd. - ASE Korea Ltd.- ASE Electronics Malaysia Sdn, Bhd - ISE Labs, Inc. - Grand Innovation Co., Ltd ASE Test Ltd. Singapore ASE Test Holdings Ltd. - Omniquest Industrial Limited - ISE Labs, Inc. - ASE Investment Labuan Ltd. - ISE Labs, Inc. - ASE Japan Co.,Ltd RTH ASE Marketing Services Ltd. - Omniquest Industrial Limited - ASE Test Ltd. Singapore - ASE Korea Ltd. - ASE Electronics M Sdn, Bhd - ASE Holding Ltd. Bermuda - J&R Holding Ltd. Bermuda ASE Electronics M Sdn, Bhd HHI - RTH - UI - UHI - - ASE Test Ltd. Singapore ASE Test Ltd. Singapore - ASE Korea Ltd

18 Aintree Limited

19 ,280, % ,899, % 63,383, % , % , % 143, , ASE Test Limited , % , , % ,385 EMBA Drake , ,661 18, , ,046 31,133 EMBA 7 7,324 4,800, ,719 3,200, ,8857,060,000 9

20 1. 62,839,583 2,025,484 3,718,179 5,762,166 53,453 78,039 (15,973) (5,000) 25, ,701 (120,323) 81, (20,000) ASE Marketing Services Ltd. 499, % 1 500, % J&R Holding Ltd. Bermuda % % 134,999, % 5 135,000, % ASE Holding Ltd. Bermuda 184, % 184, % 143,547, % 52,203, % 195,750, % 365,483, % 269,516, % 635,000, % 3,750, % 1,045, % 4,795, % 19,753, % 100, % 19,854, % 4,000, % 1,500, % 5,500, % 5,200, % 250, % 5,450, % 144,936, % 13,306, % 158,242, % ASE Japan Co., Ltd. 1, % 1, % 119,408, % 119,321, % 238,729, % 39,047, % 13,209, % 52,256, %. 3,580,280, ,580,280,000 1,569,720,000 5,150,000, ,000, ,000,000 10

21 ,200, ,000,000 10,000, ,000, ,000, ,000,000 20,000, ,000, ,000, ,520, ,200,000 23,520, ,200,000 35,200, ,121, ,216,250 33,121, ,216,250 96,016, ,495, ,950,000 39,495, ,950,000 63,733, ,000, ,000,000 50,000, ,000, ,050, ,000, ,000,000 62,000, ,000, ,000, ,024, ,240,000 75,024, ,240, ,000,000 1,250,000, ,607,373 1,056,073, ,840,00 12,400,000 80,761, ,072, ,000,000 1,250,000, ,000,000 1,250,000, ,926, ,600,000 1,506,000, ,600,000 1,506,000,000 68,500, ,500, ,660,000 1,656,600, ,660,000 1,656,600, ,600, ,000,000 2,600,000, ,824,000 2,338,240, ,131, ,509, ,000,000 2,600,000, ,000,000 2,600,000, ,760, ,000,000 5,000,000, ,800,000 3,568,000, ,000, ,000, ,000,000 5,000,000, ,800,000 3,998,000, ,000, ,000,000,000 10,000,000, ,000,000 7,290,000, ,400,000,000 14,000,000,000 1,017,000,000 10,170,000, ,200,000,000 22,000,000,000 1,780,000,000 17,800,000, ,200, ,092,600, ,199,400, ,640,700,000 1,239,300,000 6,409,600,000 1,220,400, ,400,000,000 24,000,000,000 1,980,000,000 19,800,000,000 2,000,000, ,400,000,000 24,000,000,000 1,980,355,086 19,803,550,860 3,550, ,200,000,000 32,000,000,000 2,652,000,000 26,520,000,000 6,716,449, ,200,000,000 32,000,000,000 2,752,000,000 27,520,000,000 1,000,000, ,150,000,000 41,500,000,000 3,254,800,000 32,548,000,000 5,028,000, ,150,000,000 51,500,000,000 3,580,280,000 35,802,800,000 97,644,000 3,157,156,

22 , ,503 3, , ,958,970 1,277,869,642 1,872,280,260 3,580,280, ,848 26,432, ,000 5,000 99, ,118, ,001 10,000 27, ,390, ,001 15,000 10, ,307, ,001 20,000 4,526 78,088, ,001 30,000 4,059 97,118, ,001 40,000 1,970 67,767, ,001 50, ,939, , ,000 1, ,543, , , ,564, , , ,042, , , ,875, , , ,901, ,001 1,000, ,873, ,000, ,376,316, ,503 3,580,280, ,235, ,658, ,749, ,037, ,720, ,311, ,383, ,154, ,637, ,563,

23 ,537,048,918 3,399,745,800 3,580,280, = , ,315,437 1, ,219,773,

24 % % 65%7%5% 5% ,427,97049,320, ,427, % ,000,0002,280, %

25 ,000 1, % 200,000,000 2,750,000,000 0% ,000,000 2,750,000, % 3.75% : % a b c d 4.23% 15

26 1 A B C D E F G H I J K 6M LIBOR<0.95% 6M LIBOR 0.95% 6M LIBOR 2.00%3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.001% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.002% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.003% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.004% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.005% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.006% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.007% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.008% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.009% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR<0.95% 6M LIBOR+0.010% 0.95% 6M LIBOR 2.00% 3.60% 6M LIBOR>2.00% 4.00%-6M LIBOR0 6M LIBOR 0 6M LIBOR 6LIBORMoneyline Telerate3750 USD 6-Month LIBOR Fixing Rates ,

27 ,000 86, ,000, ,757, ,000, ,788,000 17,481,026 87,405, ,000,000 9,000,000 46, ,000,000300,000,000 48,000,000 60,000,000247, ,000 17

28 . 160,000, /8/28 91/8/28 91/12/24 92/08/22 145,989,000 13,979, % 0.39% 2 40% % % 3 60% % 4 80% % 5 100% 159,968, % 4.07% 0.39% % 4,800, ,800, , ,200, ,200, ,

29 % ,315, % % 57.42% ,350,000 2,500,000 BGA.QFP.SOIC.PDIP.QFN. 1. Matrix & high pin count Lead Frame PLCC.IMAGE 2. PBGA/CSBGA/TFBGA/LFBGA Substrate SENSOR.SMT.IC 13,466,123 9,303,051 4,609,487 7,455,288 8,856,636 1,847,763 6,018,146 5,225, , , , , , , build-up Flip Chip Substrate 19

30 BGA 18,915,212 60% LQFP 4,867,861 15% EQFP 4,020,133 13% 3,684,585 12% 31,487, % % % ITIS2003 ICICICIC 27.0% 26.8% 21.9% 28.6% 2003 IC 8, % IC 3, % IC IC2004 IC31%10, %4,865 IC2, % IC6, % IC1, % IC % / /2003 IC 6,529 8, % 10, % IC 1,478 1, % 2, % IC 3,785 4, % 6, % IC 948 1, % 1, % IC % % ITIS 2. 20

31 21 ITIS

32 3. Fine Pitch Bonding 2004 Flash SRAM Multi-chip Module, MCM Syetem in Package, SiP BGA 70% IDM IC ,631,776 31,487,791 5,702, , , , % 2.40% 2.13% 2. Flip ChipWafer Bumping Chip Scale Package, CSP 3D Green Package Green Flip Chip Package Flip Chip QFN PackageQFN: Quad Flat No Lead Fine Pitch Core Layer Substrate Design 1.4 mm 7thinner package on 1.4mm 7 layer FBGA Package Wafer level hermetic packaging technology 22

33 2 a Flip Chip with 0.13 um Cu / LowK Wafer 90 Flip Chip with 90 nm Cu / Ultra LowK Wafer Leadfree Compatible Flip Chip Package with Eutectic Bump 50x50 mm50x 50 mm Large Flip Chip Package Qualified 0.5mm UFBGA Package MEMS Technology Micro display b. Flux Cleaning Process for Highlead Bumped Flip Chip Package to improve cold joint High Performance Multi- Package Flip Chip Product to gather different IC into a unit to improve performance and save space IC 1. IDM 2. PC Chassis. 1. : % 15,697, ,559, ,985, ,246, ,487,

34 2. Year Amkor ChipPac STATS ASAT % 37% 11% 9% 6% 7% % 38% 13% 9% 4% 4% % 35% 16% 9% 5% 2% % 31% 16% 8% 7% 4% 2003 AmkorIC 3C3C3C IC % 2002 a 2003 a 2004 e , , , , , , , , , , , , , , , SIA % % SIA 17% 23% 90% isuppli 2003 PC 2004 lead time VLSI Research 2004 IC %435 IC % 107IC % 32 IC Insight % % % Electronic Trend PublicationsIC7.9%

35 2003 BGA 36.7SO % CSP % CSP QFP4.77% PGA 6% IDM IDM ICIDM DataquestIC % IDM 2001~ ,893 26,751 29,560 35,005 41,770 40,953 44,617 19,954 21,476 23,605 27,968 33,194 32,610 35,344 4,939 5,275 5,955 7,037 8,576 8,343 9,273 IDM IDM 17,750 18,383 19,355 20,855 23,625 22,654 23,982 IDM 14,200 14,691 15,550 16,735 18,969 18,166 19,187 IDM 3,550 3,692 3,805 4,120 4,656 4,488 4,795 SATS ,143 8,368 10,205 14,150 18,145 18,299 20,635 5,754 6,785 8,055 11,233 14,225 14,444 16,157 1,389 1,583 2,150 2,917 3,920 3,855 4, % 31.3% 34.5% 40.4% 43.4% 44.7% 46.2% 28.8% 31.6% 34.1% 40.2% 42.9% 44.3% 45.7% 28.1% 30.0% 36.1% 41.5% 45.7% 46.2% 48.3% Dataquest %~25% PBGACSP 25

36 3%-5% ,1004,5005,939 Amkor 2IDM IC FSADataquest 2003 IDM Leadframe Ball Grid Array IDM %44% ICAltera LSI Logic IDMIntel TI AmkorIDM PC 3G IDM IC IC PBGA LGBGA BGA BGACSP IC BGA QFP QFN IC IC IDM IC 26

37 3 1. PDIP PLCC QFP BCC Flip Chip LQFP, TQFP BGA TFBGA, LBGA FC BGA, HFC BGA PDA DVD PDA TE BGA VF BGA LGA Exposed Pad QFP HSBGA QFN SOP, SOJ TSOP SCSP 3D Package PDA Stacked BGA MCM BGA Wafer Lever CSP PDA Flip Chip CSP Clear compound molded IC package CMOSWafer level CMOS image sensor MEMS-based Micro display 27

38 2. 50%93 IC A 4,702, B 3,220, B 3,638, A 2,234, ,487, ,631, ,416, ,885, ,061, ,519, ,596, ,297, ,472, ,271, PDIP 141,120 44, , ,868 61, ,460 PLCC 60,480 39, ,143 60,270 46, ,852 EQFP 330, ,800 3,385, , ,176 3,042,089 LQFP 422, ,559 4,085, , ,856 3,361,362 SOP/SOJ/SSOP/TSOP 292, , , , , ,475 BGA 537, ,633 15,016, , ,460 11,678,756 BCC 252, ,686 1,047, , , , , ,291 2,036,160 1,545,285 25,747,765 1,816,664 1,369,613 20,653,713 28

39 92 91 PDIP 16,168 47,854 27,874 82,503 22,935 69,171 39, ,777 PLCC 14,440 93,459 24, ,127 17, ,844 28, ,842 EQFP 95,373 1,475, ,427 2,544,337 86,645 1,371, ,531 2,335,687 LQFP 141,172 1,786, ,387 3,080, ,867 1,535, ,989 2,614,736 SOP/SOJ/SSOP/TSOP 73, , , ,483 76, , , ,785 BGA 148,908 6,943, ,724 11,971, ,043 5,266, ,417 9,063,321 BCC 77, , , ,545 67, , , , , , , , ,276 11,559, ,010 19,928, ,757 9,576, ,856 16,055, ,212 1,851 2, ,647 5,822 6,558 9,958 8,532 9, k3 3.65mg/l3mg/l

40 VOC VOC 4. VOC VOC VOC VOC VOC 4. VOC 72,000 20,000 31, ,586 1,800 1,

41 . 1. 5%~7% OJT

42 ASE(U.S.) INC Gardex International Ltd , MOTOROLA INC FUJITSU LIMITED FLIP CHIP TECHNOLOGIES LLC TESSERA U.S.A J&R Holding Ltd.,NEC Electronics Corporation NEC Yamagata, Ltd NEC Electronics Corporation NEC Yamagata, Ltd. IC J&R Holding Ltd. J&R Holding Ltd. NEC Yamagata, Ltd. NEC Electronics Corporation % O 32

43 ,000 ASE Holding (Bermuda) Ltd , ,177 INTERCON TOOLS, INC ,981 KULICKE & SOFFA Industrial Inc ,086,804 KULICKE & SOFFA Industrial Inc , , , , ,819, ,140, , , , ,390 AGILENT TECHNOLOGIES SING ,485 TERADYNE INC ,270 NPTEST TECHNOLOGIES PTE LTD ,639 KANEMATSU CORPORATION ,197 SPIROX CORPORATION ASE Holding ASE Investment (Bermuda) Ltd. (Labuan) Inc ,913 J&R Holding Ltd ,001, ,668 (626,498) ,900,188 2,915,560 15, ,430,209 1,436,447 6, , ,694 4, , ,454 3, , ,718 2, ,983,409 2,475, , , ,372 3, , ,255 4, , ,448 2,448 ASE Test Finance 1% Guaranted Convertible ,000 65,291 15,291 ASE Test Finance Notes 33

44 . 20,0006,880, ,400,800 1,479,200 6,880,000 5,400,800 1,479,200 6,880, % 21.5% 100% 78.5% 21.5% 100%

45 ,724,356 11,907,514 14,541,740 14,290,982 7,936,386 35,231,946 34,344,162 38,219,384 38,020,597 29,424,048 22,866,828 20,888,848 18,058,451 17,714,958 12,552,594 2,760,994 1,440, , , ,691 76,584,124 68,580,838 71,656,586 70,726,145 50,455,719 10,287,608 11,704,753 12,727,781 11,906,614 6,257,380 10,287, ,715,033 12,727,781 12,020,214 6,409,249 20,715,922 17,121,519 16,726,610 14,033,688 13,729, , , ,874 1,116, ,622 31,461,522 29,150,172 29,710,265 27,056,931 20,398,683 31,461, ,160,452 29,710,265 27,170,531 20,550,552 35,802,800 32,548,000 32,548,000 27,520,000 19,800,000 4,046,774 6,925,527 6,851,514 7,270, ,674 3,808,436 1,173,564 1,015,654 8,200,947 9,243,346 3,808,4362 1,065,640 1,015,654 3,059,347 2,375,028 (68,833) (423,620) (442,246) (546,829) 1,559,599 1,847,021 1,973,399 1,224, ,016 (16,137) 45,122,602 39,430,666 41,946,321 43,669,214 30,057,036 45,122, ,420,386 41,946,321 43,555,614 29,905, ,487,791 25,631,776 20,508,233 25,524,296 17,498,901 5,740,026 4,978,063 3,368,819 6,994,693 4,590,097 3,431,967 3,186,243 1,721,473 5,261,046 3,223, , , ,887 2,496,625 5,903,810 1,497,740 4,312,563 4,649,916 1,098,808 1,089,164 2,093,632 (636,814) (2,527,556) 6,658,863 8,037,702 (34,613) (144,565) 2,742, ,035 (2,142,219) 5,837,149 7,794, (0.60) (0.60) , ,707 5, ,184 81,773 35

46 (1.05) (1.71) (5.00) (1.96) (7.77) (10.45) (0.60) (0.60)

47

48 . 38

49

50 1100 $ 4,839,182 6 $ 3,841, ,229 67, ,717 94, ,172, ,327, ,530 91, ,650 64, X 2,649, ,634, , , ,994 64,047 11XX 15,724, ,907, ,166, ,344, ( ) 12, , ,140 14XX 35,231, ,344, ,984 61, ,809, ,464, ,001, ,046, ,102 44, , , ,714 3,487, X1 37,515, ,421, X9 17,429, ,955, ,085, ,466, , , ,984, ,471, XX 22,866, ,888, , , ,012, , ,384, , ,279 84,277 18XX 2,760, ,440, XXX $ 76,584, $ 68,580,

51 2100 $ 682,166 1 $ , ,170 1, ,128, ,330, ,446, , , , , ,362, ,721, ,841, ,907, ,974 1,261, XX 10,287, ,704, ,861, ,854, ,121, XX 20,715, ,121, , , ,950 4, ,583 28XX 457, ,900 2XXX 31,461, ,150, ,150,000 4,550,000 3,580,280 3,254,800 35,802, ,548, ,777 3,171, , ,811, ,753, XX 4,046, ,925, XX 3,808, ,173, ( 68,833) ( 423,620) ( 1) ,559, ,847, ( 16,137) 34XX 1,474, ,423, ,442 ( 10,037) ( 2,639,826) ( 4) 3XXX 45,122, ,430, $ 76,584, $ 68,580,

52 4110 $ 31,818, $ 25,929, , , ,487, ,631, ,747, ,653, ,740, ,978, , , , , , , ,308, ,791, ,431, ,186, , , , , , , , , , ,143, ( ) 197, , , , ,497, ,312, ,093,632 7 ( 636,814) ( 3) , , ,742, , ,538 ( 34,613) 9600 $ 2,742,796 9 $ 129,035 42

53 9750 $ 0.60 $ 0.78 ($ 0.19) $ 0.05 ( 0.01) ( 0.01) $ 0.60 $ 0.78 ($ 0.20) $ $ 0.59 $ 0.78 ($ 0.19) $ 0.05 ( 0.01) ( 0.01) $ 0.59 $ 0.78 ($ 0.20) $ 0.04 $ 2,963,531 $ 129,035 3,504,700 3,399,746 75, ,534 3,580,280 3,580,280 $ 0.83 $ 0.05 ( 0.01) $ 0.83 $ 0.04 $ 0.83 $ 0.05 ( 0.01) $ 0.83 $

54 $ 32,548,000 $ 3,171,933 $ $ 23,109 $ 3,656,472 $ 6,851,514 ( 23,109) ( 23,109) ( 7,352) ( 7,352) 104, ,474 32,548,000 3,171,933 3,753,594 6,925, % 97, % 3,157,156 ( 3,157,156) ( 3,157,156) 220, ,735 57,668 57,668 $ 35,802,800 $ 14,777 $ 220,735 $ $ 3,811,262 $ 4,046,774 44

55 $ 2,912,716 ($ 1,897,062) $ 1,015,654 ($ 442,246) $ 1,973,399 $ $ $ 41,946,321 ( 1,876,264) 1,876,264 2,310 20,799 23,109 7,352 7,352 ( 2,639,826) ( 2,639,826) ( 1,586) ( 1,586) 102,888 18,626 18, , , ,035 ( 126,378) ( 126,378) 1,038, ,802 1,173,564 ( 423,620) 1,847,021 ( 2,639,826) 39,430,666 12,903 ( 12,903) ( 2,280) ( 2,280) ( 2,280) ( 8,000) ( 8,000) ( 8,000) ( 97,644) ( 97,644) 354,787 2,629,789 3,205,311 57,668 ( 16,137) ( 16,137) 2,742,796 2,742,796 2,742,796 ( 287,422) ( 287,422) $ 1,051,665 $ 2,756,771 $ 3,808,436 ($ 68,833) $ 1,559,599 ($ 16,137) ($ 10,037) $ 45,122,602 45

56 $ 2,742,796 $ 129,035 3,976,295 3,485, , , ,436 3,143,060 67, ,533 ( 23,873) ( 32,919) 46,151 ( 672,587) ( 812,000) 17,155 43, ,021 ( 120,142) 146,218 63,256 84,147 32,587 ( 3,506) ( 3,693) 4,626 ( 8,284) ( 2,108,856) ( 1,024,914) ( 6,833) ( 11,555) ( 1,015,599) ( 84,264) ( 32,867) 77,313 1,506, ,705 21,160 ( 59,974) 193,400 ( 70,597) 16,876 78,632 68,148 5,548,391 6,180,002 ( 1,135,330) ( 708,145) ( 7,891,231) ( 4,236,818) ( 97,337) 667,641 ( 453,351) ( 474,378) ( 181,177) 1,596, , ,770 ( 7,922,584) ( 4,621,930) 5,409,723 ( 454,922) 49,987 ( 1,012,193) ( 1,674,053) 17,477,727 4,889,787 ( 26,156,319) ( 5,047,205) 6,684,882 ( 10,280) 3,455,720 ( 3,298,586) ( 84,147) ( 32,587) 997,380 ( 1,773,101) 3,841,802 5,614,903 $ 4,839,182 $ 3,841,802 46

57 $ 727,835 $ 973,391 96, ,707 $ 631,040 $ 858,684 $ 1,934 $ 1,983 $ 6,150,205 $ 6,362, ,084 1,358,942 ( 2,125,572) $ 7,891,231 $ 4,236,818 $ 265,923 $ 38,862 ( 26,798) 90,908 $ 239,125 $ 129,770 $ 6,818,000 $ 119,315 13,803 $ 6,684,882 $ $ $ 3,242,110 ( 1,568,057) $ $ 1,674,053 $ 2,841,035 $ 3,907,325 $ 1,405,632 $ $ $ 2,639,826 $ 1,316,832 $ 230,969 $ 1,547,801 ( 9) ( 181) ( 190) ( 37) ( 171) ( 208) 20,176 3,023 23,199 20,208 20,208 5, ,907 $ 1,362,907 $ 233,810 $ 1,596,717 47

58 ADRASX 9,5007,

59 12 49

60 1 50

61 $ 155,000 $ 60,000 10, ,000 70, ,107 $ 154,229 $ 67, $ 7,363,983 $ 5,483, , ,822 15,189 27,747 $ 7,172,909 $ 5,327,472 51

62 5. $ 2,176,231 $ 1,267, , , , , ,675 84, ,513 2,741,875 1,726,276 92,362 92,149 $ 2,649,513 $ 1,634, J & R Holding Limited $ 17,193, $ 16,968, ASE Holding (Bermuda) Ltd. 6,205, ,054, ASE Marketing Services Ltd , ASE Japan Co. 18, ,097, ,431, ,123, ,207, ,388, ,377, ,012, ,140, , , , , , , , , , , ,476,992 36,059, , ,149 10,037 2,639,826 1,224,157 $ 35,166,806 $ 34,344,162 $ 12,000 $ $ 55, $ 1 52

63 1. J&R Holding Limited J&R J&R44, % J&R ASE Test Limited39.1%ASE Holding ASE Test Limited11.2%ASE Test LimitedASE Holdings (Singapore) Pte. Ltd. 100% ASE Holdings (Singapore) Pte. Ltd.ASE Electronics (M) Sdn. Bhd. 100% 60,000ASE Test LimitedNASDAQ National Market ASTSFJ&RASE Test Limited 9101 ASE Test Limited ASE Test Holding Ltd. 100%ASE Test Limited ISE Labs, Inc. ISE70%ISEISE 100% 221,145 ISE ASE Test Limited ASE Test Finance Ltd. 100% ISE Motorola SPS Businesses ASE Test Limited ASE Test Finance Limited 1 61% J&R4,653, % J&RGrand Innovation Co., Ltd. 100%41,869 1, % 2. ASE Holding (Bermuda) Ltd. ASE Holding ASE Holding 100% 238,203 ASE Holding a. ASEP Realty Corporation 100% 234 b. ASE Holding Electronics Philippines, Incorporated 100% 57,141 c. ASE Investment (Labuan), Inc. ASE HoldingASE Investment (Labuan), Inc. 80,880 70%ASE Test Limited 30%ASE Investment (Labuan), Inc. 174,050 Motorola Korea Ltd. 100% ASE Korea Inc. ASE Korea Inc. 53

64 a. b.142 ASE Holding InveStar Burgeon Venture Capital, Inc.13% 2, ASE Japan Co. ASE Japan Co. 100% 18,462 60, , % Grand Innovation Co., Ltd. 46.1% , , ,623, % 3. J&R ASE Test Limited 3,800,000Motorola Electronics Taiwan Ltd. 176,0605,735,000 Omniquest Industrial Limited 17, ,800,000 90% 450,000 1,350,000 1,500, % 54

65 5. 52, % 3 60% 12,000 4 J&R $ 400,195 ($ 1,282,797) ASE Holding ( 219,366) ( 1,068,230) ( 46,033) ( 153,904) ( 126,307) ( 136,477) ( 106,240) ( 13,622) 92, ,422 10,146 ( 465,239) ( 123,530) ( 218,213) ( 354,787) ($ 473,436) ($ 3,143,060) 50% 7. $ 1,393,601 $ 1,054,485 15,637,113 11,230,899 31,182 31, , , ,946 1,493,789 $ 17,429,780 $ 13,955,262 $ 747,242 $ 1,092,336 96, , % 4.1% 5% 55

66 8. 5,172 1, % 2.895% 3,800, , % 11. $ 6,794,000 67,232 $ 6,861, ,0001, %3.75% 100% % , , ,0003,242,11046,151 11,53834,613 56

67 12. 1 $ 2,222,378 $ 2,505,870 2 I 874,798 5,219, , , ,563,760 4,895, ,662,152 1,653, ,000,000 16,695,724 21,028,844 2,841,034 3,907,325 $ 13,854,690 $ 17,121, , % 5.865% $ 188,230 $ 282,350 41,7004.5% 5.75% $ 374,900 $ 500,000 55, % 5.845% 277, ,000 62, % 5.565% 375, ,000 23, % 4.5% 376, , % 350,000 35, % 280, % 23, % 500,000 $ 2,222,378 $ 2,505, % 1.10% 2.18% $ 875,000 $ 500, % 2.16% $ $ 2,900, % 2.14% 1,825, ,000 5,225, ,653 $ 874,798 $ 5,219,347 57

68 % $ 370,200 $ 740, % 11% 2,436 14,543 $ 372,636 $ 754,720 $ 373,840 $ 669 $ 374,509 3, , ,636 3, ,760 7, ,124 $ 370,200 $ 2,436 $ 372, % $ 3,650,000 $ % 2.154% 4,400, % 200, % 1,460, % 500, % 300, % 113, % 100, % 4.62% 290, , % 4.075% 350, , % 4.875% $ 200,000 $ 200, % 2,300, % 500, % 101, % 354,030 58

69 2.06% 150, % 150, % 100, % 200, % 2.225% 200,000 $ 11,563,760 $ 4,895, % 1.61% 0.86% 4.3% % 2,762, % 59

70 $ 291,547 $ 252,433 36,689 33,197 ( 8,457) ( 145) 4,332 6,062 $ 324,111 $ 291,547 $ 98,115 $ 91,379 26,766 22,941 ( 10,787) ( 13,422) 5,643 1,518 $ 119,737 $ 102,416 $ 29,375 $ 20, , , , , , , , ,739 ( 324,111) ( 291,547) 647, ,192 ( 73,360) ( 79,003) ( 15,247) ( 152,331) ( 70,737) ( 8,042) ( 3,625) $ 398,459 $ 319,827 $ 35,743 $ 23, % 3.5% 3% 3% 3.25% 3.5% GDS 8, ,000GDS ADSADS 60

71 ADS20, , ,137,910 ADS60, ,000 ADS , %17,893 89, % % 61

72 $ 12,903 2,280 8, ,644 $ 120, , % 20.35% 7 164,442 2,639, ,7892,850,524 2,629,789220, ,03721,278 1,184,897 1,224, ,735 2,629,789354,787 62

73 ,000, ,0001, % $ 523,408 ($ 159,204) 118, ,765 ( 300,000) ( 41,387) 27,847 ( 34,160) ( 150,000) ( 157,416) 16,776 ( 163,289) 20,762 17,305 ( 8,080) 13, , ,538 10% 100,000 ( 325,649) ( 250,000) ( 672,587) ( 812,000) ($ 649,164) ($ 800,462) $ 400,000 $ 676,000 23,090 23,037 38,709 23,674 24,786 14,173 ( 4,953) 7, , ,000 22,000 $ 481,632 $ 722,000 $ 1,839,329 $ 878,000 99,615 80,225 63

74 16,776 ($ 144,000) ($ 206,500) 3,235 3,275 1,814, , , ,000 $ 1,384,955 $ 472,000 $ 1,910,719 $ 296,870 $ 483,061 $ 396,788 $ 634,500 $ 1,811, , , , , ,932 2,178 2,178 2,178 $ 2,482,729 $ 296,870 $ 624,305 $ 523,654 $ 794,500 $ 2,239, $ 3,017,693 $ 584,213 $ 3,601,906 $ 2,269,252 $ 436,097 $ 2,705,349 96,638 23, ,737 82,996 19, , ,783 35, , ,162 29, ,920 25,300 7,061 32,361 13,738 3,561 17, ,796 45, , ,588 33, ,060 46,680 13,667 60,347 40,189 10,197 50,386 $ 3,659,890 $ 709,526 $ 4,369,416 $ 2,774,925 $ 532,505 $ 3,307,430 $ 3,807,821 $ 168,474 $ 3,976,295 $ 3,324,523 $ 160,510 $ 3,485, , , , , , , ASE Test Limited ASE Test Limited 64

75 1 $ 2,093,632 $ 2,742,796 ($ 636,814) $ 163,648 ( 46,151) ( 34,613) $ 2,093,632 $ 2,742,796 ($ 682,965) $ 129, ,580,280 3,254, ,480 75, ,534 3,504,700 3,399,746 32,349 3,537,049 3,399,746 ($ 0.22) $ 0.04 ($ 0.20) $ $ 4,416, $ 2,885, $ 5, $ 232, ASE Holding Electronics (Philippines), Incorporated $ 196,171 4 $ 3,847 20,446 1,855 $ 216,617 4 $ 5,702 65

76 $ 178,606 2 $ 31, , ,916 ASE Holding Electronics (Philippines), Incorporated 23,571 33, ,178 $ 235,530 3 $ 91,531 2 $ 1,060, $ 584, ASE Holding Electronics (Philippines), Incorporated 185, , , , , ,937 1 $ 1,446, $ 738, ASE Test Finance Ltd. $ 5,095,500 $ 2,440,860 1,638,790 ASE Investment (Labuan) Inc. 2,038,200 2,777, ,000 ASE Holding Electronics (Philippines), Incorporated 764, ,855 Omniquest Industrial Limited 339, , , , ,000 10,000 $ 12,114,165 $ 6,341, $ 87,385 $ 99,029 2,507,895 3,231,602 $ 2,595,280 $ 3,330,631 66

77 , % 0.7% % 566, , ,000 41,472,0002, ,000400, , ,711 6, , % ,81086, J&RNEC Electronics Corporation NEC Yamagata, Ltd. NEC Yamagata, Ltd. J&R100% NEC Electronics Corporation J&R NEC Electronics Corporation

78 Sell USD Call / JPY Put US$ 3,000,000 US$1:JPY$ Buy USD Put / JPY Call US$ 3,000,000 US$1:JPY$ Buy NTD Call / USD Put US$ 157,000,000 US$1:NTD$ Sell NTD Call / USD Put US$ 157,000,000 US$1:NTD$ Sell USD Call / JPY Put US$ 10,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Sell USD Call / JPY Put US$ 10,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Sell USD Call / JPY Put US$ 10,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Sell USD Call / JPY Put US$ 10,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, Buy USD Put / JPY Call US$ 5,000, USD/JPY> <USD/JPY <USD/JPY <USD/JPY <USD/JPY bp USD/JPY ,501 39,230 60,606 13,

79 3 200,000 11,056 68, ,910 3,

80 6 $ 4,839,182 $ 4,839,182 $ 3,841,802 $ 3,841, , ,229 67,893 67, , ,717 94,634 94,634 7,408,439 7,408,439 5,419,003 5,419,003 31,650 31,650 64,008 64,008 35,173,223 33,655,461 34,344,162 33,391, , , , , , ,166 49,987 49,987 4,575,532 4,575,532 3,068,989 3,068,989 1,170 1,170 1,322 1, , , , ,373 1,362,793 1,362,793 2,721,735 2,721,735 23,556,956 24,207,340 21,028,844 21,028,844 ( 24,501) ( 24,501) 39,141 39,141 ( 5,781) ( 5,681) ( 68,110) ( 68,110)

81 $ 15,697, $ 9,994, ,985, ,019, ,246, ,041, $ 19,928, $ 16,055, % $ 3,638, $ 3,220, ,702, ,234,723 8 $ 8,341, $ 5,454,

82 0 J & R Holding Ltd. ASE Test 101,230 $ 2,050,200 $ 2,038, $ $ $ 253,076 Finance Ltd

83 1 2 $ 5,095,500 ASE Test $ 5,205,000 Finance Ltd. 50% $ 13,536, ,000 2,449,600 2,440,860 50% ASE Investment 2,784,477 13,536,781 Labuan Inc. 50% 79, ,000 $ 11.3 $ 45,122, ,536,781 38,000 38, ,122,602 1,150,000 1,150,000 2,038,200 60, ,122, ,536, , , ,122,602 ASE Holding Electronics 784, ,325 13,536, ,122,602 0 Philippines Incorporated 50% 22,500 22,500 1 Omniquest Industrial 348, ,700 13,536,781 Limited 50% 10,000 10, ,413 13,536,781 50% 21,813 50% 50% 50% ,122, ,580 14, ,122, ,536,781 10,000 45,122,602 13,536, ,000 45,122,602 13,536, ,000 45,122,602 ASE Test 18,547,170 12,983,019 1,500,000 Ltd. 50% 545,987 Omniquest 2 Industrial Limited 173, , , , % 5,000 5,000 16, ASE Test Finance Ltd.150,000 ASE Test Ltd.ASE Test Ltd. 4ASE Investment Labuan Inc ,760 73

84 % ASE Holding (Bermuda) Ltd. 184,290 $ 6,205, $ 6,205,903 J & R Holding Ltd ,193, ,193,968 ASE Marketing Services Ltd. 500, ASE Japan Co. 1,200 18, ,462 39,047, , , ,408,060 1,012, , ,547, , ,060, ,483,259 5,097, ,097, ,936,050 3,123, ,003, ,999,995 1,388, ,388,822 3,750, ,200,000 7, ,678 4,000,000 40, ,481 35,476,992 33,959, , ,149 10,037 10,037 35,166,806 33,649,044 12, ,000-50,000 50,000 19,753,830 55, ,583 $ 35,173,223 $ 33,655, ,595 $10,000 $4,816 3,000,000 30,000 33,750 1,498,142 15,000 15,621 6,562, , , ,000 $ 1 54, $ 154,229 1,918,760 $ 30,000 $ 30,589 4,095,983 60,000 61,163 2,254,373 30,003 30,350 11,243, , ,703 8,223,522 $ 96,947 $ 96,947 4,964,356 58,221 58,567 1,804,175 20,204 20,206 7,329, , ,719 20,891, , , ,625, , ,997 5,133,230 64,000 64,102 83,546,314 1,093,579 1,093, ,000 5,000 4,996 7,116,942 95,698 96,105 1,938,999 20,000 20,039 13,125, , , ,818 3,000 1,669 15,341 15, ,000,000 1,500, ,536,000 3,837,216 40,231 41,770 74

85 % 3,311,705 40,957 41, ,984 21, ,278 10,000,000 73, ,936 ASEP Realty Corporation 20, ASE Holding Electronics (Philippines), Incorporated 2,423,733 6, ,312 ASE Holding ASE Test Ltd. 11,148,000 95, ,886 (Bermuda) Ltd. InveStar Burgeon Venture Capital, Inc. 3,492,424 2, ,450 Global Strategic Investment, Inc. 2,000,000 2, ,000 ASE Investment (Labuan) Inc. 80,879,714 65, ,695 13,076,181 6, ,319 Zoran Corp. 9, Fund, L.P J & R Holding Ltd. ASE Test Ltd. 38,902, , , ,300, , ,393 94,016,736 38, ,586 Grand Innovation Co., Ltd. 1,200, DIGITAL Communication International Inc. 1,476,792 1, ,477 Grand Innovation Co., Ltd. 1,200, ASE Investment (Labuan) Inc. ASE (Korea) Inc. 7,613, , ,839 ASE Test Ltd. 300,955, , , ,500,000 72, ,063 ASE Holdings (Singapore) Pte. Ltd. 71,428, , ,160 ASE Test Holding, Ltd , ,147 ASE Test Finance, Ltd. 2 61, ,042 ASE Investment (Labuan) Inc. 34,690,785 28, ,155 CFS US Dollar Short Term Income Fund 149,600 1,500 1,503 NITC-NAM Multi Series 155,839 2,000 2,016 ABN AMRO Capital Protector 2,500,000 2,500 2,496 UC Fund II 1,000,000 1, ASE Test Holding, Ltd. ISE Labs, Inc. 26,250, , ,391 ASE Holdings (Singapore) Pte. Ltd ASE Electronics (M) Sdn. Bhd. 159,715, , ,160 Omniquest Industrial Ltd. (BVI) 17,800, , ,245 Omniquest Industrial Ltd. (BVI) 15, ,972 75

86 315,483,259 $ 4,431,373 ASE Holding (Bermuda) Ltd. 184,290 6,054,848 33,269, ,788 8,223,522 94, ,358, ,280 5,158,443 73,000 7,495,554 82,173,758 5,055,174 70,000 5,500,000 55,000 12,628, ,073 9,715, ,177 13,618, ,707 14,276, , ,368,827 1,983,409 21,420, ,893 J&R Holding Ltd. ASE Test Finance 1% Guaranted Convertible Notes 50,000,000 50,000 ASE Holding (Bermuda) Ltd. ASE Investment (Labuan) Inc. 66,966,514 45,376 ASE Test Ltd. Omniquest ASE Investment (Labuan) Inc. 28,727,985 19,467 Industrial Ltd. 14, ,800 14,800 3,

87 1 50,000,000 $ 500,000 $ $ $ 365,483,259 $ 5,097,879 20, ,753 20, ,290 6,205,747 84,673,418 1,140, ,698,755 1,346,446 1,430,209 6,237 11,243, ,703 24,670, ,097 24,670, , ,850 2,247 8,223,522 96,947 74,286, ,694 60,019, , ,007 4,686 23,625, ,966 5,158,443 73,809 10,316, , ,809 1,122 4,975,055 55,204 10,666, , , ,804,175 20,204 7,329, ,789 5,055,174 70,789 70, ,329, ,789 5,499,075 55,592 10,999, , , ,173, ,454 50,684, , ,830 3,625 7,116,942 95,698 52,213, ,718 44,036, , ,092 2,626 20,891, , ,579,888 3,819, ,651,625 2,915,560 2,900,188 15,372 83,546,314 1,093,579 13,125, ,000 13,125, ,000 3,253,242 51,000 15,610, , ,000 4,366 1,918,760 30,000 8,186, ,000 4,090,737 60,073 60, ,095,983 60,000 2,642, ,000 2,642, , ,000 3,372 38,782, ,000 38,782, , ,000 4,255 7,338, ,000 7,338, , , ,401, ,000 26,401, , ,000 2,448 18,795, ,000 18,795, , , ,368,827 2,475,856 1,983, ,447 3,881,140 48, ,436 7,050 7, ,311,705 40,957 21,420, ,668 1,001, ,498 50,000,000 65,291 50,000 15,291 13,913,200 13,913 80,879,714 65,695 5,962,800 5,963 34,690,785 28,155 3,000 15,972 77

88 % 57.4% $ 4,416,271 (27) ($ 1,060,113) 23 (4,416,271) (85) 30~60 1,060,

89 $ 178,606 1 $ $ $ - 1,060, , , ,061 1 ISE Labs, Inc. 137,653 2 ASE Holding Electronics (Philippines), Incorporated 185,557 2 ASE Electronics (M) Sdn. Bhd. 150, ,

90 ... ASE Holding (Bermuda) Ltd. J & R Holding Ltd. ASE Marketing Services Ltd. ASE Japan Co. Omniquest Industrial Limited Omniquest Industrial Limited ASE Holding (Bermuda) Ltd. ASEP Realty Corporation ASE Holding Electronics (Philippines), Incorporated ASE Test Ltd. ASE Investment (Labuan) Inc. J & R Holding Ltd. ASE Test Ltd. Grand Innovation Co., Ltd. Grand Innovation Co., Ltd. ASE Test Limited ASE Holdings (Singapore) Pte. Ltd. ASE Test Holding, Ltd. ASE Test Finance Ltd. ASE Investment (Labuan) Inc. ASE Test Holding, Ltd. ISE Labs, Inc. ASE Investment (Labuan) Inc. ASE (Korea) Inc. ASE Holdings (Singapore) Pte. Ltd. ASE Electronics (M) Sdn. Bhd ,

91 238, , , $ 6,205,747 $ 219,366 $ 219,366 44,577 44, ,193, , , , ,000 1, ,462 $849,006 $849,006 19,753, , , , , ,470 39,047, ,131 5,922 1,617 2,845,913 2,845, ,408, ,012, , ,307 1,435,476 1,414, ,547, , ,337 10,146 1,000, ,285 54, ,000, , , ,654,833 3,154, ,483, ,097, ,837 92,486 3,623,526 3,623, ,936, ,123, ,285 46,033 1,350,000 1,350, ,999, ,388,822 27,053 24,335 93,750 93,750 3,750, ,000 5,200, , ,849 25,820 4,000 4,000 4,000, , ,081 44,322 $ 35,421,409 $ 473, ,800 17,800 17,800, ,245 59,537 59,537 17,800 14, ,972 1,790 1, , ,141 57,141 2,423, ,312 6,608 6,608 84,889 84,889 11,148, ,271 3,515 6,776 80,880 66,967 80,879, ,695 9,151 6,406 7,044 7,044 13,076, ,440 22, , ,743 38,902, ,372 3,515 7, , , ,300, ,393 3,291 3,291 29,205 29,205 94,016, ,586 5, ,218 1,218 1,200, ,200 1,200 1,200, , , , ,955, ,268 34,842 34,842 52,916 52, ,500, ,063 5,513 1,330 66,315 66,315 71,428, ,160 1,841 1, , , ,147 25,703 25, ,042 13,956 13,956 34,691 28,729 34,690, ,155 9,151 2, , ,145 26,250, ,139 15,591 25, , ,000 7,613, ,862 9,275 8,116 60,000 60, ,715, ,160 1,841 1, , ,000 10,000, , ,337 6,733 81

92 . Sell USD Call / NTD Put $ 5.00 US$1:NTD$ Sell USD Call / JPY Put 3.00 US$1:JPY$ Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / NTD Call 1.00 US$1:NTD$ Sell USD Call / NTD Put 5.00 US$1:NTD$ Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / NTD Call 1.00 US$1:NTD$ Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / NTD Put 2.00 US$1:NTD$ Sell USD Call / NTD Put 2.00 US$1:NTD$ USD/JPY USD/JPY USD/JPY USD/JPY USD/JPY 107 2,255 1,

93 Buy USD Put / JPY Call $ Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call/JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put

94 Sell USD Call / JPY Put Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Buy USD Put / JPY Call Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put Sell USD Call / JPY Put US/JPY US/JPY US/JPY US/JPY US/JPY 107 US/JPY 105 2US/JPY US/JPY US/JPY US/JPY US/JPY 107 US/JPY 105 3US/JPY US/JPY US/JPY US/JPY US/JPY 107 4US/JPY US/JPY US/JPY US/JPY US/JPY 107 5US/JPY US/JPY US/JPY US/JPY US/JPY US/JPY 107 US/JPY

95 6US/JPY US/JPY US/JPY US/JPY US/JPY US/JPY 107 US/JPY 105 7US/JPY US/JPY US/JPY US/JPY US/JPY US/JPY 107 US/JPY ,084 18,114 85

96 17,800 14,800 3,000 17, % 1,790 15,972 17,800 32,800 $ 3,156, ,800 14,800 3,000 3 $5,000,000 40%+ 8,856,636-5,000,00030%=$3,156,990 86

97

98 1100 $ 8,562,425 7 $ 9,829, ,017, ,590, , , ,798, ,885, , , X 4,691, ,131, ,224, ,084, , , , , XX 31,457, ,031, ,521, ,752, ,756, ,813, , , ,140 14XX 6,342, ,566, ,855, ,933, ,391, ,656, ,840, ,203, , , ,781, ,579, ,026, , X1 107,002, ,332, X9 48,281, ,709, ,721, ,623, ,425, ,683, ,193, ,782, XX 67,339, ,088, , , ,519, ,055, ,230, ,180, , ,669 18XX 4,587, ,675, ,596, ,541, XXX $ 114,324, $ 104,905,