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98 CONTENTS 04 10 17 / 23 29 37 41 OTC 45 51 54 61 62 68 72 73 77 79

20080.203 (1) ( ) (2) (3)

2009 TAIWAN SECURITIES ASSOCIATION 04 2000 6% 0.75% 5.25% (CDO) (CDS) 2007 CDO CDS 0.203 1 5 0.494

98 05 () (RTC) HBOS RBS () 5.25%0.25% 0.3%0.1% (quantitative easing) () 5,034.2GDP 5.8% 2.5% G20 2%8.6%14.9% 8.1%13.4% (Asian Currency Unit) 2000 2004 2000 2001

06 2009 TAIWAN SECURITIES ASSOCIATION 2002 9 2006 4 2007 6 2008 2009 2 4 2006 6 2007 9 30 2007 7 2009 2 4 2015 4 89

98 07 6 100 (KYC) (Suitability) (FIF s) ( ) ( ) (FIC s) ( )( ) 2004 2006 62007 9 30 20042007 7 2009 2 4 18 2008 55 1,153 EPS 0.92ROE 6.03% 2008 EPS -0.20 ROE -1.58%

2009 TAIWAN SECURITIES ASSOCIATION 08 () IT (2012 IFRS) ( ) ( ) ( ) 20% 60%

98 09 ( ) ( ) ( ) ()

10 2009 TAIWAN SECURITIES ASSOCIATION 19872006 1 1

98 11 1. ( ) 2. 3. (B ) (B ) 4. (2008) (2008) (2007) (2007) 1960 1962 2 1968

12 2009 TAIWAN SECURITIES ASSOCIATION 10 22 125 15 127 48 142 60

98 13 142 22-2 143 28-2 47 157

2009 TAIWAN SECURITIES ASSOCIATION 14 2007 AB H 1/3 2007 12 28 30 15 6 15

98 15 15 15 6 8 33% 1 () ( ) ( ) 1/3

16 2009 TAIWAN SECURITIES ASSOCIATION 1995/06 49% 1996/04 50% 2002/03 49% 2003/04 33% 2004/07 33% 2004/12 33% 2007/03 20% 2008/06 33% 2009/01 33% () (* EMBA )

98 17 2001WTO (Qualified Foreign Institutional Investor QFII) (A ) ( ) () 2009 5 2009 4

18 2009 TAIWAN SECURITIES ASSOCIATION ( ) 2007GDPGDP 2004 1 2007 1 21 28.8 3%() 9000 7% 313 / 2005 1.57.4% 2007GDPGDP ( ) ( )

98 19 2009 5 2012 1. 2. 3. 4. 2008 1 () MOU (Memorandum of Understanding) (1) (2) 1 3 (3) 5 (4) (5) (6) (7)

20 2009 TAIWAN SECURITIES ASSOCIATION ( ) 1/3 1/3 1/3 1 1/3 ( ) 20% 25% A ( A ) ( ) ( ) 2008 6 A 2004 9 ( ) 2002 6 ( ) 49% 3 3 2003 10 () A

98 21 MOU MOU A () QFII A QDII QDII ( ) ( ) *

(Principles-based) (Rules-based) (Principles-based) OTC OTC OTC OTC OTC ETFETF ETF

98 23 2008 11 213,955 (97)24 97 () 19 20396 7 97 30 1800 9731 ( 19 ) 24 () 11 8 :

24 2009 TAIWAN SECURITIES ASSOCIATION 97 5 5 (98)97 (97)(98) 98 2 6 98 2 18() 98 5 26 98 (98) : /% 95 96 97 98 6 68 559 22% 72 596 30 % 19 203 8% 14 274 42% 23 1,150 45% 14 424 22% 30 1,789 76% 6 288 45% 63 836 33% 116 958 48 % 44 368 16% 14 83 13% 154 2,545 100% 202 1,978 100% 93 2,360 100% 34 645 100% 11 16 46% 5 10 19% 5 11 68% - - - 7 19 54% 5 42 81% 4 5 32% 1 2 100% 18 36 100% 10 52 100% 9 16 100% 1 2 100% : 1: 2:

98 25 ( ) 1. 98 6 30 2. ( ) 3. ( ) ( ) ( ) ( ) ( )

26 2009 TAIWAN SECURITIES ASSOCIATION 1. 98 6 30 2. 3. (1) ( ) ( ) (2) ( ) ( 98 2 6 0980000194 1.98 6 30 2.SPO( ) : ( ) : 1.98 6 30 2.SPO( ) : 98 2 18 0980000267 : 1.98 6 30 2. : 98 2 18 0980000267 :

98 27 ) 4. 5. ( ) 6. 98 12 31 98 12 31 ( ) 263 264

28 2009 TAIWAN SECURITIES ASSOCIATION ( ) ( ) ( ) 98 12 31 4 98 93 (98) *

98 29 based) (Rules-based) (Principlesbased) (Rules-based) (Principles-based) (Principles-based) (Principles-based) (Principles- 90 90 (Principles-based) all the circumstances (Principles-based) (Rules-based) (Principles-based) (Rules-based) 1 See Howell Jackson, An American Perspective on the U.K. Financial Services Authority: Politics, Goals & Regulatory Intensity, in Lee-Jay Cho & Joonkyung Kim, eds., REGULATORY REFORMS IN THE AGE OF FINANCIAL CONSOLIDATION: THE EMERGING MARKET ECONOMY AND ADVANCED COUNTRIES (2006). 2 See Louis Kaplow, Rules versus Standards: An Economic Analysis, 42 DUKE L. J. 557, 559-60(1992).

2009 TAIWAN SECURITIES ASSOCIATION 30 (Principles-based) (Rulesbased) (Principles-based) (Rules-based) (Principles-based) (Principles-based) (Rules-based) ( ) (Principles-based) (Principlesbased)

98 31 (Principles-based) (Rules-based) (Principles-based) (Principles-based) (Principles-based) (Rules-based) (Principlesbased) (Principles-based) (Rules-based) (Rules-based) (Rules-based) (Principles-based) (Principles-based) (Rules-based) ( ) (Principles-based) 4 3 See Antonin Scalia, The Rule of Law as a Law of Rules, 56 U.CHICAGO L. REV. 1175(1989); see also Cristie Ford, New Governance, Compliance, and Principles-Based Securities Regulation, 46 AM. BUS. L. REV 1(2008). 4 See Cristie Ford, Principles-Based Securities Regulation, A Research Study Prepared for the Expert Panel on Securities Regulation, 3,3 4(Jan 2009).

32 2009 TAIWAN SECURITIES ASSOCIATION Rules/Processes Principles/Outcomes (Principles-based) (Principlesbased) (Principles-based) (Principles-based) (Principles-based)( Guidance ) Outcome-oriented (Principles-based) (Principles-based) (Principles-based) (Rules-based)

98 33 (Rules-based) (Principlesbased) (Know Your Customers, KYC) 5 ( 5 ) 6 (Principles-based) (Principles-based) (SRO) (Principles-based) Functional Supervision (Principles-based) ( Handbook) 5 34 6 29 1

34 2009 TAIWAN SECURITIES ASSOCIATION (Principles-based) (Principles-based) (Principles-based) 1. FSMA 2. (1) (2) (3) (bright line) (complex) 7 3. (1) 86 () () (2) 5 21 22 7 See Julia Black, Making a Success of Principles-based Regulation, Law and Financial Markets Review (May 2007), at 194-195.

98 35 14588 10 ( ) () ( ) () (3) 64 () () () (4) 102 () () () (Principles-based) (Principlesbased) (Principles-based) (Principles-based) (Principles-based) (Code of Best Practices)(Code of Ethics) (comply or disclose) (comply or explain)

36 2009 TAIWAN SECURITIES ASSOCIATION (Principles-based) (Rules-based) (Outcomes oriented) (Principlesbased) (Principles-based) ( ) (Principles-based) (* )

98 37 ( ) ICSA (International Council of Securities Associations) IOSCO (International Origination of Securities Commissions)

2009 TAIWAN SECURITIES ASSOCIATION 38 ( ) 1. ( ) ()

98 39 2. 3. / FOS

40 2009 TAIWAN SECURITIES ASSOCIATION 16 FINRA *

98OTC 41 OTC 2004 6 172007 8 5.25% New Century Financial (Asset-Backed Securities, ABS) 2007 7 24 9,744 2009 2 54,363 5,381 2008 8 (SIV)1 691.7 427.6 156.3 72.9229.2 2008 9 80010 2008 10 13 161 18036 32 2008 1,218 24.88 2.430.29% 8.06

42 2009 TAIWAN SECURITIES ASSOCIATION OTC OTC (Lehman Brothers Holding Inc.) OTC OTC OTC OTC OTC OTC OTC OTC CME 1 2008 10 7 (Citadal Investment Group) (CDS) OTC (Central Counterparty, CCP) LSE 2 2004 Euronext 3 2006 6NYSE Euronext 4 EUREX Clearing AG EUREX 5 CME CDS OTC OTC 1 (Chicago Mercantile Exchange, CME) 2 (London Stock Exchange) 3 Euronext N.V. 2000 9 2002Euronext LIFFEBorsa de Valores de Lisvoa e Porto(BVLP) Euronext.life 4 NYSE Euronext(London International Financial Futures & Options Exchange, LIFFE) BclearCDS LIFFECDS 5 (EUREX)Deutsche Terminborse, DTB DTB

98OTC 43 6 (CBOT) (CME) OTC (Eurex)EurexBonds EurexRepo OTC 2004 (Bank of International Settlements, BIS) (Committee on Payment and Settlement Systems, CPSS) (International Organization of Securities Commissions, IOSCO) Recommendations for Central Counterparties 7 8 OTC OTCCME OTC 36 800 2005 6 OTC CME 75 6 ( Intercontinental Exchange, ICE)( CME Group) 7 http://www.bis.org/publ/cpss61.pdf 8 CME CBOT NYMEX CMEGLlobex

44 2009 TAIWAN SECURITIES ASSOCIATION (LCH)(Clearnet) 2003 12 LCH.Clearnet (LCH. Clearnet Lt LCH. Clearnet S.A.) (Eurex) (Euronext) Euroclear Eurostream OTC OTC OTC OTC 9 OTC OTC * 9 2009/3/24(Timothy Geithner)

98 45 ETF 1996 2 7 Side Letter ETFETF ETF ETF ETF ETF ETF ETF ETF ETF 1993 199933 ETF 2000 ETF ETF ETF ETFETFETF ETF E T F Barclays Global Investor 2009 5 1,660 ETFs 3,008 7,7525 9 MSCI 5.41 Barclays Global Investor767

46 2009 TAIWAN SECURITIES ASSOCIATION ETF Global ETF Research & Implementation Strategy Team, Barclays Global Investors, Bloomberg 2009/05 ETF Global ETF Research & Implementation Strategy Team, Barclays Global Investors, Bloomberg 2009/05

98 47 ETFs ETF 20112 Barclays Global Investor ETF 2008 20092007 () 2009 5 5 30 11 ETFs 31.9149.117.1 ETF 2002A ETF 2004 12 30 50ETFETF5 ETF ETFs ETF Bloomberg Ticker 1. A50 42.80 2823 HK 2. 42.66 2800 HK 3. 21.05 2833 HK 4. ABF Pan Asia Bond Index Fund 14.87 2821 HK 5. H 13.81 2828 HK 6. P-shares 50 13.36 0050 TT 7. China SME ETF 10.05 159902 CH 8. Kodex200 ETF 9.61 069500 KS 9. E Fund SI100 Index Fund 8.01 159901 CH 10. SPDR S&P/ASX 200 FUND 7.93 STW AU ETF Landscape Barclays Global Investors,2009/054

48 2009 TAIWAN SECURITIES ASSOCIATION 20 ETF 50ETF 300ETF 500ETF ETF ETF 180ETF ETF ETF ETFs ETFs ETFETF ETF ETFETF 2008ETF 566 2007 206 ETF ETF ETF ETFs ETF Bloomberg Ticker 1. 50 2.21 510050 CH 2. A50 1.34 2823 HK 3. E Fund SI100 Index Fund 0.91 159901 CH 4. Kodex200 ETF 0.75 069500 KS 5. 0.57 510880 CH 6. H 0.37 2828 HK 7. 0.32 2800 HK 8. P-shares 50 0.27 0050 TT 9. Yurie TREX 200 ETF 0.17 108590 KS 10. 300 0.16 2827 HK ETF Landscape Barclays Global Investors,2009/05 4

98 49 ETF5 ETF3 2007 ETF ETF 13 ETF ETF 50ETF 4 ishares ETF 30 ETF ETF2003 ETF2006 3 ETF2006 ETF ETF2008 ETF 311 ETF 2003 3942008 7 716 500 5 ETF672.95 ETF ETF 7 ETFs 5 ETF 651.49974 ETFs21.4 ETF P-shares 50ETF 0050 571.28 2006~200830bp ETF 2009 1 ETF H H ETF 300ETF ETF QDII ( ) QDII ETF

50 2009 TAIWAN SECURITIES ASSOCIATION ETF ETF Feeder Fund 5 22 MOUSide Letter ETF ETF ETF MOU ETF ETF 11 ETFs Protocol Product PlatformETF ETF ETF ETF ETF ETFETF *

98 51 ( ) 19 98 5 11 98 6 9 ( ) 98 6 6

2009 TAIWAN SECURITIES ASSOCIATION 52 20%25% 30%35%98 4 6 ( ) 98 5 4 11 3 2 98 5 22 98 4 3 98 5 12 98 5 20 98 5 26 43 1 298 6 17 ()

98 53 98 6 5 98 4 7 ( ) 98 6 23 ( ) 98 6 23 98 5 4 (DMA) (DMA) 98 6 4

2009 TAIWAN SECURITIES ASSOCIATION 54 98 5 6 0980009503 3612 24 28 8 8 98 6 98 5 7

98 55 ID ( ) ( ) ()

2009 TAIWAN SECURITIES ASSOCIATION 56 1 1% 6,000 4,000 (1) (2) 11% 9 5 10 3 5 510

98 57 ETF 98 6 17 ETF ETF ETF ETF 1. () 2008 215 (USD 6.49 )() (USD 4.95 ) () 2008 36() 32 2. 3.

2009 TAIWAN SECURITIES ASSOCIATION 58 1. 2. 3. () ( ) 10 98 5 21 2 1 1. 10 10

98 59 2. 50% 3. 98 3 4 18 40 40 60 60 98 6 3 9 1 70 20 60 98 6 3 3 77-2 75-4 98 6 3 ()

2009 TAIWAN SECURITIES ASSOCIATION 60 98 6 3 98 6 3 98 6 3 98 6 3 (0830-0900) (1530) 98 6 3 98 6 3 4 98 6 3

98 61 33 98 6 1. 2. 5 5 110 IFRS IFRS6 23 IFRS 100

2009 TAIWAN SECURITIES ASSOCIATION 62 1 18 2 19 97 3 7 56 1 2 56 18 2 313 56 2 3 101 1 28 129 12 16 2 10 11 101 1 3 1 4 2 2 65 5 18 2 3 9 56 3 6 18 2 7 11 65 56 1

98 63 7 56 2 2 18 2 811 3 4 16 161 65 56 1 3 8 119 1 2 69 229 2 119 1 2 48 101 1 1 3 9 56 2 2 18 2 711 3 65 56 1 10 2 65 11 2 98 3 10 5 65 12 2 98 3 6 1 65

2009 TAIWAN SECURITIES ASSOCIATION 64 13 56 18 2 19 95 9 8 56 1 14 18 2 7 95 8 10 56 15 18 2 9 65 56 1 16 2 2 18 2 9193 65 56 3 17 19 20 1 65 18 2 2 18 2 11 65 56 1 19 22 3

98 65 20 18 2 7 11 65 56 6 21 2 2 18 2 9 65 56 3 22 4 218 3 37 8 65 56 3 23 56 18 2 22 3 65 56 24 56 2 2 18 3 65 56 3 25 6 2 3 0 26 119 1 2 2 255 2395 10 18 0950132780 119 1 2 12

2009 TAIWAN SECURITIES ASSOCIATION 66 27 2 2 4 218 2 318 3 10 66 56 1 1 28 2 2 18 2 17 ADSL 66 56 1 29 18 2 19 65 30 18 2 4 65 56 6 31 30

98 67 32 33 34 35 2 2 98 5 7 30 1 36 1 30 1 5 96 3 14 96 9 21 36 1 30 1 5 2 2 2 18 2 74 101 1 1 36 1 178 1 7179 24 56 1 3

68 2009 TAIWAN SECURITIES ASSOCIATION 04 01 04 01 99 10% 04 09 16 20 04 13 50% 30% 04 15 04 23 04 23 e 05 04 ( ) 05 10 5 10 5 12 2009(ICSA) 05 11 05 15 05 19

98 69 05 19 30-2 31 05 21 2 2T+2 (DVP) T+2 05 21 ETF ETF 05 22 XBRL 05 25 (1).(2). (3). (4). 05 27 98 12 31 06 07 6 7 6 14 34 (IOSCO) 06 11 2537 06 17 4 15 06 17 06 17 (ETF) ETF 6,0004,000 06 29

70 2009 TAIWAN SECURITIES ASSOCIATION 06 29 6 06 29 ( ) 06 30 XXX.tw 8 40 98 4 21 10

98 71 11 12 13 14 15 16 17 18 19 20 21 22 23 24 98 4 21 4 15 98 5 26 4 1698 6 23 4 17 1. 2.

72 2009 TAIWAN SECURITIES ASSOCIATION 04 28 ( 4 1) (GDP)3.3%(Kaoru Yosano) 05 22 05 22 A A 06 01 5 31 6 69 6 27 06 04 (Allianz)Euler Hermes 27% 2009 35% 2009 7% 06 09 (OECD) 3040.5 216 -- 8 06 30 (BIS) BIS BIS- -

98 73 ( ) 98 4 98 5 98 6 982 1 10,708,217,674 11,706,170,845 15,685,585,874 38,099,974,393 2 62,141,741 159,808,979 108,314,771 330,265,491 3 2,879,889,362 3,474,674,708 4,568,722,390 10,923,286,460 4 1,296,580,964 2,019,126,223 3,721,248,813 7,036,956,000 5 0 0 0 0 6 41,818,832 40,286,960 33,509,603 115,615,395 7 845,353,481 980,826,111 1,072,356,366 2,898,535,958 8 0 0 0 0 9 448,845,974 575,244,038 755,792,728 1,779,882,740 10 188,815,302 448,299,919 345,221,490 982,336,711 11 0 0 0 0 12 0 0 0 0 13 0 0 0 0 14 3,112,636,403 3,256,858,934 4,231,736,903 10,601,232,240 15 0 0 0 0 16 51,873 0 0 51,873 17 265,524 265,524 317,651 848,699 18 675,898 0 0 675,898 19 1,761,491,145 2,001,003,162 1,892,424,190 5,654,918,497 20 18,587,420 20,927,347 18,862,172 58,376,939 21 1,116,627,429 1,352,239,068 1,380,293,840 3,849,160,337 22 3,397,609,395 3,019,665,931 3,580,784,938 9,998,060,264 23 256,868,132 33,991,052 141,043,673 431,902,857 24 0 104,087 354,054 458,141 25 0 0 0 0 26 7,493,271 7,244,059 14,490,888 29,228,218 27 0 0 0 0 28 940,924 1,775,070 354,917 3,070,911 29 0 0 0 0 30 30,443,604 25,729,935 67,572,640 123,746,179 31 86,065,848 83,942,472 200,098,072 370,106,392 32 0 0 0 0 33 0 0 0 0 34 197,534,596 178,020,870 525,090,454 900,645,920 35 5,528,638,010 7,651,310,089 9,849,837,798 23,029,785,897 36 1,930,908 269,451 981,693 3,182,052 37 0 0 0 0 38 128,111,061 113,831,844 52,885,744 294,828,649 39 902,075,371 701,220,962 1,404,693,853 3,007,990,186 40 0 0 0 0 41 210,180,142 184,718,095 208,049,857 602,948,094 42 4,645,287 8,850,809 2,407,295 15,903,391 43 441,390,145 499,853,736 407,875,736 1,349,119,617 44 1,181,325,784 937,997,354 1,501,667,944 3,620,991,082 45 2,784,075,977 3,777,882,259 3,965,499,720 10,527,457,956 46 2,455,870,898 3,342,830,512 5,018,927,733 10,817,629,143 NT$40,097,198,374 NT$46,604,970,406 NT$60,757,003,800 NT$147,459,172,580

74 2009 TAIWAN SECURITIES ASSOCIATION 98 4 98 5 98 6 982 453,009,921.55 517,046,320.46 657,646,113.94 1,627,702,355.95 11,337,411.39 11,339,257.10 9,377,060.21 32,053,728.70 777,153.46 330,314.00 214,697.00 1,322,164.46 705,158.98 586,262.55 1,031,120.33 2,322,541.86 4,941.47 174,706.64 81,879.96 261,528.07 5,844,856.31 7,760,096.27 5,052,718.58 18,657,671.16 0.00 104,020.00 0.00 104,020.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21,466,743.77 11,999,363.91 30,131,366.58 63,597,474.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 200,082,281.31 271,510,143.95 353,695,544.00 825,287,969.26 7,004,491.88 3,658,992.91 2,620,448.10 13,283,932.89 671,783.78 207,949.36 2,369,868.90 3,249,602.04 90,020,892.90 109,294,823.35 144,033,958.63 343,349,674.88 11,946,376.87 7,118,472.43 4,714,977.19 23,779,826.49 0.00 0.00 330,634.05 330,634.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 357,995.06 10,367,931.00 8,925,298.39 19,651,224.45 0.00 0.00 0.00 0.00 55,725.65 7,222.03 71,297.76 134,245.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 144,200.39 364,746.59 508,946.98 752,946.27 265,527.73 246,650.01 1,265,124.01 0.00 67,750.00 130,650.00 198,400.00 335,324,409.31 369,989,794.46 500,081,139.63 1,205,395,343.40 2,773,514.57 1,068,654.37 2,243,372.09 6,085,541.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9,193,946.79 16,202,978.23 24,374,313.17 49,771,238.19 1,331,347.08 10,000.00 137,826.09 1,479,173.17 0.00 0.00 15,330.00 15,330.00 0.00 0.00 0.00 0.00

98 75 98 4 98 5 98 6 982 6,514,511.92 13,817,719.67 12,325,478.90 32,657,710.49 28,071,086.89 24,269,113.44 45,597,686.90 97,937,887.23 0.00 0.00 0.00 0.00 912,722.43 1,218,742.56 882,979.12 3,014,444.11 853,191.75 7,734,418.12 2,794,640.33 11,382,250.20 8,441,893.30 4,803,626.98 4,594,789.04 17,840,309.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,601,252.05 3,133,581.11 2,845,259.45 8,580,092.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,844,482.57 33,620,759.74 31,887,388.37 70,352,630.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,285.40 759,310.01 1,546,677.58 2,319,272.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 419,251.79 77,803.09 497,054.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 486,007.69 486,007.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 US$1,204,914,324.71 US$1,429,031,304.56 US$1,850,929,721.67 US$3,055,844,046.38 US$73,470,914.49 US$106,520,293.84 US$111,244,881.80 US$184,715,796.29 3,204 3,255 3,237 378,537 390,755 390,788 381,741 394,010 394,025

76 2009 TAIWAN SECURITIES ASSOCIATION 98 4 98 5 98 6 982 453,009,921.55 517,046,320.46 657,646,113.94 1,627,702,355.95 200,082,281.31 271,510,143.95 353,695,544.00 825,287,969.26 21,466,743.77 11,999,363.91 30,131,366.58 63,597,474.26 9,193,946.79 16,202,978.23 24,374,313.17 49,771,238.19 6,514,511.92 13,817,719.67 12,325,478.90 32,657,710.49 11,946,376.87 7,118,472.43 4,714,977.19 23,779,826.49 5,844,856.31 7,760,096.27 5,052,718.58 18,657,671.16 4,844,482.57 33,620,759.74 31,887,388.37 70,352,630.68 2,601,252.05 3,133,581.11 2,845,259.45 8,580,092.61 2,773,514.57 1,068,654.37 2,243,372.09 6,085,541.03 853,191.75 7,734,418.12 2,794,640.33 11,382,250.20 357,995.06 10,367,931.00 8,925,298.39 19,651,224.45 0.00 0.00 0.00 0.00 0.00 144,200.39 364,746.59 508,946.98 0.00 419,251.79 77,803.09 497,054.88 0.00 0.00 486,007.69 486,007.69 719,489,074.52 901,943,891.44 1,137,565,028.36 2,758,997,994.32 11,337,411.39 11,339,257.10 9,377,060.21 32,053,728.70 28,071,086.89 24,269,113.44 45,597,686.90 97,937,887.23 7,004,491.88 3,658,992.91 2,620,448.10 13,283,932.89 752,946.27 265,527.73 246,650.01 1,265,124.01 0.00 0.00 330,634.05 330,634.05 1,331,347.08 10,000.00 137,826.09 1,479,173.17 8,441,893.30 4,803,626.98 4,594,789.04 17,840,309.32 0.00 0.00 0.00 0.00 13,285.40 759,310.01 1,546,677.58 2,319,272.99 0.00 104,020.00 0.00 104,020.00 0.00 0.00 0.00 0.00 56,952,462.21 45,209,848.17 64,451,771.98 166,614,082.36 335,324,409.31 369,989,794.46 500,081,139.63 1,205,395,343.40 90,020,892.90 109,294,823.35 144,033,958.63 343,349,674.88 912,722.43 1,218,742.56 882,979.12 3,014,444.11 705,158.98 586,262.55 1,031,120.33 2,322,541.86 426,963,183.62 481,089,622.92 646,029,197.71 1,554,082,004.25 671,783.78 207,949.36 2,369,868.90 3,249,602.04 55,725.65 7,222.03 71,297.76 134,245.44 4,941.47 174,706.64 81,879.96 261,528.07 732,450.90 389,878.03 2,523,046.62 3,645,375.55 777,153.46 330,314.00 214,697.00 1,322,164.46 0.00 67,750.00 130,650.00 198,400.00 0.00 0.00 15,330.00 15,330.00 777,153.46 398,064.00 360,677.00 1,535,894.46 US$1,204,914,324.71 US$1,429,031,304.56 US$1,850,929,721.67 US$3,055,844,046.38

98 77 90 52 163 3 7 91 113 211 2 4 92 126 128 1 2 93 205 130 2 7 94 102 92 0 9 95 111 99 0 11 96 185 122 0 13 97 86 61 1 1 98Q1 15 18 0 0 98Q2 21 11 0 1 98 2 % 1 918 19 17,442,000 98.04.09 0.47 2 235,037 4 940,148,000 98.04.10 100 3 1,662 27.50 45,705,000 98.04.21 1.10 4 21,000 15.50 325,500,000 98.04.22 5.46 5 2,172 12 26,064,000 98.05.14 1.49 6 10,000 17.30 173,000,000 98.05.19 2.38 7 1,350 13 17,550,000 98.05.22 0.84 8 3,438 10.50 36,099,000 98.05.22 2.19 9 810 66 53,460,000 98.06.12 0.60 10 3,968 24 95,232,000 98.06.22 9.39 11 1,063 32 34,016,000 98.06.22 3.48

78 2009 TAIWAN SECURITIES ASSOCIATION 98 2 1 3,213 2,295 98.04.02~98.04.07 15 ~19 2 8,000 7,200 98.04.14~98.04.16 101%~105% 3 6,365 4,703 98.04.14~98.04.17 25 ~28 4 210,000 168,000 98.04.15~98.04.20 12.50 ~15.50 5 10,000 9,250 98.04.17~98.04.20 101%~105% 6 500 475 98.04.17~98.04.20 101%~110% 7 8,320 6,148 98.05.07~98.05.12 11 ~13 8 100,000 79,999 98.05.12~98.05.15 14.25 ~19 9 5,175 3,825 98.05.15~98.05.20 12 ~15 10 13,151 9,713 98.05.15~98.05.20 10 ~10.50 11 2,700 2,430 98.05.27~98.06.01 101%~105% 12 6,000 5,580 98.06.03~98.06.05 101%~110% 13 3,095 2,285 98.06.06~98.06.10 60 ~70 14 5,000 4,250 98.06.10~98.06.11 101%~107% 15 6,000 5,560 98.06.12~98.06.16 101%~120% 16 20,340 16,372 98.06.15~98.06.18 24 ~28 17 1,000 900 98.06.15~98.06.16 101%~110% 18 3,000 2,650 98.06.17~98.06.19 101%~105% 19 3,000 2,700 98.06.19~98.06.22 101%~110% 20 5,000 4,700 98.06.22~98.06.24 101%~110% 21 2,500 2,235 98.06.26~98.06.29 101%~105% 98 2 1 98 200,000,000 98.05.13~98.06.03

98 79 (98 1-6 ( ) (%) EPS ROE (%) (%) 87 179,325,252 154,843,220 17,219,409 337,937,607 441,861,276 9.60 0.510 3.90 100.00 13.075 49 174,755,583 151,574,743 15,918,216 323,649,834 419,247,852 9.11 0.492 3.80 97.45 12.954 38 4,569,669 3,268,477 1,301,193 14,287,773 22,613,424 28.47 0.911 5.75 2.55 15.827 70 159,009,860 143,784,046 15,225,814 318,654,607 406,495,836 9.58 0.478 3.75 88.67 12.757 36 156,943,802 142,198,860 14,744,941 307,931,834 391,417,194 9.4 0.478 3.76 83.33 12.711 34 2,066,058 1,585,186 480,873 10,022,773 14,233,791 23.27 0.480 3.38 1.15 14.201 17 20,315,392 11,059,174 1,993,595 19,283,000 35,365,440 9.81 1.034 5.64 11.33 18.340 13 17,811,781 9,375,883 1,173,275 15,718,000 27,830,658 6.59 0.781 4.35 14.12 17.706 4 2,503,611 1,683,291 820,320 4,265,000 8,379,633 32.77 1.923 9.79 1.40 19.647 20 20 144,581,247 131,685,005 12,896,240 268,914,308 351,110,004 8.92 0.480 3.67 80.63 13.057 20129.0 (1). 15093 4314 (2). 87 (3). Year-To-Month 98 1-6 98 7 16 (4). 98 660.6% 56.9% 15-13.6% 1QGDP -5.5%2Q 3Q 4Q-1.5% 0.7% 1.9% 6 M1 M2 28.5% 24.8%12 Q2 2.136 2 7,084 6,8906,432-6.65% 1-6 87 EPS 0.510 EPS 0.33781 6(TSE: 1,175 /OTC: 166 ) 97 (TSE: 1,389 /OTC:185 ) (5). EPS 0.492 EPS 0.911EPS 1.034 EPS 0.478EPS 0.478 EPS 0.480EPS 1.923 EPS 0.781 (6). 98 6 20 EPS 0.480 20 EPS0.945 20 ROE 3.67%3.90% (7). EPS 11.79 4.66 4.29 EPS-0.72-0.14-0.06 (8). 5 M1B M2-20.14% -18.31% 6 169.4 1 123.7 6 1-36.2%-7.7%

80 2009 TAIWAN SECURITIES ASSOCIATION (98 1-6 ) ( ) ( ) ( ) ( ) ( ) 1 21,144,123 1 2,429,559 1 11.792 2 14,534,477 2 1,167,524 2 4.656 3 12,008,272 3 936,587 3 4.287 4 11,016,010 4 890,688 4 2.926 5 11,009,838 5 857,902 5 2.766 6 10,747,502 6 802,864 6 1.929 7 9,009,516 7 776,512 7 1.471 8 8,763,706 8 734,737 8 1.264 9 8,423,120 9 674,190 9 1.258 10 8,053,572 10 672,472 10 1.035 ( ) ( ) ( ) ( ) ( ) 1 21,144,123 1 2,429,559 1 4.656 2 14,534,477 2 1,167,524 2 4.287 3 12,008,272 3 936,587 3 2.926 4 11,016,010 4 890,688 4 1.929 5 11,009,838 5 857,902 5 1.471 ( ) ( ) ( ) ( ) ( ) 1 1,001,108 1 313,952 1 11.792 2 641,238 2 259,420 2 2.766 3 613,413 3 181,222 3 1.264 4 297,871 4 72,512 4 1.258 5 247,852 5 65,726 5 0.893 ()

98 81 (98 1-6 ( ) (%) EPS ROE(%) (%) 1040 278,625 235,555 43,069 3,000,000 3,069,813 15.458 0.144 1.40 0.155 10.23 1090 1,335,751 1,106,339 229,412 5,996,390 4,790,650 17.175 0.383 4.79 0.745 7.99 1160 3,260,395 3,078,537 181,858 11,572,128 18,958,540 5.578 0.157 0.96 1.818 16.38 1260 915,600 860,580 55,021 4,299,000 3,778,066 6.009 0.128 1.46 0.511 8.79 1360 582,961 409,700 228,495 533,000 1,409,162 39.196 4.287 16.21 0.325 26.44 1400 67,182 78,001-10,819 150,000 1,150,333-16.104-0.721-0.94 0.037 76.69 1440 547,170 487,962 59,208 1,000,000 1,547,147 10.821 0.592 3.83 0.305 15.47 1470 428,603 371,634 56,969 1,000,000 2,948,123 13.292 0.570 1.93 0.239 29.48 1480 8,053,572 551,791 183,926 395,000 3,469,054 2.284 4.656 5.30 4.491 87.82 1530 424,483 318,370 106,113 550,000 1,687,449 24.998 1.929 6.29 0.237 30.68 1560 253,563 257,811-4,248 660,000 695,356-1.675-0.064-0.61 0.141 10.54 1570 4,671,571 4,586,848 84,723 1,010,000 1,216,212 1.814 0.839 6.97 2.605 12.04 1590 416,082 392,674 23,407 1,455,000 2,845,896 5.626 0.161 0.82 0.232 19.56 1650 588,191 402,061 186,130 1,265,000 1,834,901 31.644 1.471 10.14 0.328 14.51 2180 3,649,753 2,975,563 674,190 7,137,143 9,891,901 18.472 0.945 6.82 2.035 13.86 5050 397,271 320,503 76,768 2,325,836 3,221,036 19.324 0.330 2.38 0.222 13.85 5110 66,292 69,570-3,277 760,000 568,280-4.943-0.043-0.58 0.037 7.48 5180 348,448 327,712 20,736 4,165,000 2,586,461 5.951 0.050 0.80 0.194 6.21 5260 660,966 386,008 274,958 2,655,896 3,405,410 41.599 1.035 8.07 0.369 12.82 5270 14,534,477 13,366,953 1,167,524 16,107,860 18,251,102 8.033 0.725 6.40 8.105 11.33 5380 1,307,142 875,683 431,459 5,900,000 6,725,380 33.008 0.731 6.42 0.729 11.40 5500 30,531 39,700-9,169 660,000 228,008-30.032-0.139-4.02 0.017 3.45 5510 8,423,120 7,831,791 591,329 13,969,020 21,300,528 7.020 0.423 2.78 4.697 15.25 5650 10,747,502 9,856,814 890,688 25,380,862 32,400,892 8.287 0.351 2.75 5.993 12.77 5720 5,949,831 5,277,359 672,472 14,290,660 18,812,344 11.302 0.471 3.57 3.318 13.16 5820 2,279,007 2,100,419 178,588 10,827,764 10,144,252 7.836 0.165 1.76 1.271 9.37 5850 12,008,272 11,150,369 857,902 11,857,062 18,145,613 7.144 0.724 4.73 6.696 15.30 5920 11,016,010 10,514,615 501,395 13,906,869 16,413,724 4.552 0.361 3.05 6.143 11.80 6010 478,959 146,098 332,861 1,137,554 1,295,641 69.497 2.926 25.69 0.267 11.39

82 2009 TAIWAN SECURITIES ASSOCIATION (98 1-6 ( ) (%) EPS ROE(%) (%) 6160 765,226 661,242 103,984 5,357,140 5,744,384 13.589 0.194 1.81 0.427 10.72 6480 35,583 37,706-2,123 1,389,961 1,233,354-5.966-0.015-0.17 0.020 8.87 6530 1,052,207 733,871 318,336 3,105,846 3,948,288 30.254 1.025 8.06 0.587 12.71 6910 229,777 150,614 79,163 2,100,000 1,344,444 34.452 0.377 5.89 0.128 6.40 7000 7,049,172 6,272,660 776,512 11,600,000 13,830,044 11.016 0.669 5.61 3.931 11.92 7030 408,287 233,174 175,113 1,943,428 2,510,398 42.890 0.901 6.98 0.228 12.92 7790 2,298,174 2,100,763 197,411 8,270,789 8,734,666 8.590 0.239 2.26 1.282 10.56 8450 2,224,159 2,055,305 168,854 6,554,251 7,526,205 7.592 0.258 2.24 1.240 11.48 8560 256,072 172,162 83,910 1,252,000 1,671,349 32.768 0.670 5.02 0.143 13.35 8690 1,183,212 907,722 275,490 4,163,005 4,958,653 23.283 0.662 5.56 0.660 11.91 8700 160,072 49,518 110,554 3,000,000 3,209,962 69.065 0.369 3.44 0.089 10.70 8840 354,695 311,776 42,919 3,060,000 3,278,027 12.100 0.140 1.31 0.198 10.71 8880 5,666,030 5,581,104 84,926 3,700,000 4,054,813 1.499 0.230 2.09 3.160 10.96 8890 1,493,312 1,365,286 128,025 3,000,000 3,902,795 8.573 0.427 3.28 0.833 13.01 8960 125,019 104,227 20,792 1,000,000 1,069,417 16.631 0.208 1.94 0.070 10.69 9300 9,009,516 8,640,601 368,915 8,111,743 10,704,721 4.095 0.455 3.45 5.024 13.20 9400 11,009,838 10,275,101 734,737 13,255,044 19,994,830 6.673 0.554 3.67 6.140 15.08 9600 8,763,706 7,827,119 936,587 13,755,000 29,234,039 10.687 0.681 3.20 4.887 21.25 9700 21,144,123 20,341,258 802,864 21,385,195 26,525,454 3.797 0.375 3.03 11.791 12.40 9800 7,806,073 5,376,514 2,429,559 43,679,388 52,980,735 31.124 0.556 4.59 4.353 12.13 1380 641,238 381,818 259,420 220,000 1,188,149 40.456 11.792 21.83 0.358 54.01 1520 1,001,108 687,156 313,952 1,135,000 3,251,575 31.360 2.766 9.66 0.558 28.65 5320 133,675 101,190 32,484 478,555 840,950 24.301 0.679 3.86 0.075 17.57 5460 30,777 23,795 6,982 312,000 319,398 22.686 0.224 2.19 0.017 10.24 5600 128,733 112,469 16,264 422,500 696,623 12.634 0.385 2.33 0.072 16.49 5660 35,588 26,679 8,909 226,000 375,809 25.034 0.394 2.37 0.020 16.63 5690 35,657 27,861 7,796 280,000 507,229 21.864 0.278 1.54 0.020 18.12 5860 36,841 21,812 15,029 268,438 503,537 40.794 0.560 2.98 0.021 18.76 5870 57,771 39,914 17,857 200,000 491,993 30.910 0.893 3.63 0.032 24.60 5960 74,503 44,818 29,685 361,538 708,672 39.844 0.821 4.19 0.042 19.60

98 83 (98 1-6 ( ) (%) EPS ROE(%) (%) 6210 37,714 21,112 16,602 235,400 267,561 44.021 0.705 6.20 0.021 11.37 6380 128,320 95,037 33,282 440,783 570,944 25.937 0.755 5.83 0.072 12.95 6450 102,482 71,825 30,656 364,808 593,016 29.914 0.840 5.17 0.057 16.26 6460 297,871 225,359 72,512 900,000 1,212,276 24.343 0.806 5.98 0.166 13.47 6620 7,923 8,870-947 200,000 99,539-11.953-0.047-0.95 0.004 4.98 6660 20,173 18,880 1,293 200,000 209,238 6.410 0.065 0.62 0.011 10.46 6950 42,835 33,130 9,705 255,000 406,359 22.657 0.381 2.39 0.024 15.94 7020 26,627 19,854 6,773 200,000 307,031 25.437 0.339 2.21 0.015 15.35 7070 27,534 18,424 9,111 200,000 341,544 33.090 0.456 2.67 0.015 17.08 7080 42,754 42,284 471 250,000 225,312 1.102 0.019 0.21 0.024 9.01 7120 9,944 9,421 524 200,000 106,280 5.270 0.026 0.49 0.006 5.31 7530 138,429 113,103 25,326 400,000 684,234 18.295 0.633 3.70 0.077 17.11 7670 42,590 37,390 5,200 300,300 370,311 12.209 0.173 1.40 0.024 12.33 7690 15,468 13,823 1,646 200,000 230,619 10.641 0.082 0.71 0.009 11.53 7750 57,890 39,216 18,674 269,451 310,734 32.258 0.693 6.01 0.032 11.53 7780 70,907 62,379 8,528 368,000 463,014 12.027 0.232 1.84 0.040 12.58 7900 20,374 17,948 2,426 238,000 297,199 11.907 0.102 0.82 0.011 12.49 8150 16,670 13,072 3,598 200,000 212,080 21.584 0.180 1.70 0.009 10.60 8380 123,033 76,479 46,554 370,000 603,126 37.839 1.258 7.72 0.069 16.30 8440 613,413 432,191 181,222 2,390,000 3,233,552 29.543 0.758 5.60 0.342 13.53 8490 31,064 20,519 10,544 200,000 309,413 33.943 0.527 3.41 0.017 15.47 8520 33,323 25,720 7,603 230,000 452,416 22.816 0.331 1.68 0.019 19.67 8660 12,182 11,401 781 230,000 212,918 6.411 0.034 0.37 0.007 9.26 8710 46,261 41,092 5,170 302,000 231,722 11.176 0.171 2.23 0.026 7.67 8770 29,653 20,115 9,538 200,000 237,588 32.165 0.477 4.01 0.017 11.88 8800 105,766 91,198 14,568 320,000 649,251 13.774 0.455 2.24 0.059 20.29 8850 44,726 38,997 5,729 200,000 185,855 12.809 0.286 3.08 0.025 9.29 8900 247,852 182,126 65,726 520,000 706,357 26.518 1.264 9.30 0.138 13.58

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