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022311-8811 tch@tcfhc.com.tw 俤 022311-8811 tch@tcfhc.com.tw 77 022311-8811 http://www.tcfhc.com.tw/ 77 022311-8811 http://www.tcb-bank.com.tw/ 325 2 6 022731-9987 http://www.tcfhc-sec.com.tw/ 8587 14 (02)2522-1656 http://www.tcb-bills.com.tw (02)8772-0868 325 7 http://www.coamc.com.tw 022772-6772 325 10 http://www.tcb-life.com.tw/ 022181-5999 85 13 http://www.tcb-am.com.tw/ 2 5 www.gcsc.com.tw 022389-2999 100 10596 156 12 www.deloitte.com.tw (02)2545-9988

CONTENTS 02 08 10 38 44 74 160 182 188

02 / Letter to Shareholders Letter to Shareholders 03 06 06 07 07 100 101

2011 ANNUAL REPORT 100 100 100 (Global Insight Inc.)100994.3% 3.0% 10099 1004.04100 4.18%100 100 1,384991,21114.3% 100 101 100121 2616 4 36 100121 100 劉燈城 03

04 / Letter to Shareholders 1. 100 100 21,660.71 21,410 101.17 18,602.65 18,320 101.54 943.72 820 115.09 4,249.92 3,931 108.11 1,287.49 1,400 91.96 17.81 19.32 92.18 2 2,930.97 --- --- 4,033.32 3,400 118.63 194.52 640.96 1. 2. 100121100122 200 600 97.26 106.83 2. 100 100.12.02-100.12.31 100 161.80 --- --- 0.55 --- --- 100122 3. 100 100 1,271.64 1,030 123.46 1,251.64 1,020 122.71 8,035.34 6,780 118.52 4,397.10 5,510 79.80 105.27 88.50 118.95 0 0 0 0 0 0 4. 100 100 11.96 3.34 358.08 8.82 1.80 490.00 5. 100 100 177.37 128.04 138.52 108.32 137.57 78.74 10.49 22.97 45.67 0.28 0.69 40.58 39.30 20.86 188.40 335.75 310.13 108.26

2011 ANNUAL REPORT 6. 100 100 46.86 100 46.86 0.43 0.67 64.18 1. 100 227 36 191 72 263 0.04 0.04 100121100 2. 100 9,010.72 8,600 104.78 (2) 167.01 163 102.46 184.31 1.09 16,909.17 (622) (137) --- (106.29) (111.70) --- 100122100 3. 100121100331 0.112.54100 331 261 0.04 8.89 0.11 2.54 263 263 0.04 116.90 2.56 2.56 9,010.72 7,571.02 1.19 22.56 0.28 6.55 (2) (2) (0.01) (12.03) (0.88) (0.93) 167.01 157.87 0.62 57.34 0.75 5.27 184.31 145.36 0.42 12.15 2.47 3.43 (622.09) (622.09) (1.56) (2.22) (1.16) (19.37) (106.29) (106.98) (3.57) (250.87) (50.89) (56.40) 1. 2. 3. 05

06 / Letter to Shareholders 100 IFRS 21 101 1. 2. 3. 4. 5. 6. 7. 8. 101 101 2,216,700 1,892,000 88,000 400,000 150,000 149,000 810,000 452,000 11,000 344 34,603 12,000 1. 2. 3.

2011 ANNUAL REPORT 4. 5. 1. 1001633.119915 28.8714.691002.0799 1.920.08% 2. 1001,384991,21114.3% 1. 10061230 2. 1003 3. IFRS 98 IFRS 102IFRS 100 10012101 A- A-2 101.01.13 twaa twa-1+ 101.01.13 A- F2 101.01.18 AA(twn) F1+(twn) 101.01.18 Atwn F1twn 100.09.05 07

08 / Bank Profile Company Profile 09 09

2011 ANNUAL REPORT 100121 101 4 24 100922 100121 100122 1,200 2.84 1014351% 101424 101 4 24 101 4 24 101 4 24 尤錦堂 09

10 / Report of Corporate Governance Report of Corporate Governance 12 14 25 34 34 34 35 37 37 101424

2011 ANNUAL REPORT 11

1. / Report of Corporate Governance 12

2011 ANNUAL REPORT 2. - 1. 2. 3. 4. 1001231 3.13 100 111,144,241 100 3,012,241 100 3,059,739 100 4,235,707 90.02 1,812,388 100 10,000 100 500,000 51 1,712,374 51 87,747 51101 43 13

14 / Report of Corporate Governance 101424 () (%) (%) (%) (%) 100.06.24 103.06.23 100.06.24 2,218,710,242 35.65% 2,351,832,856 35.65% 186,560 0.0028% 100.12.5 103.06.23 100.12.5 2,218,710,242 35.65% 2,351,832,856 35.65% 10,600 0.0002% 100.09.16 103.06.23 100.09.16 71,175,727 1.14% 81,898,270 1.24% 100.06.24 103.06.23 100.06.24 806,720 0.01% 1,011,123 0.02% 1,362,690 0.02% 100.06.24 103.06.23 100.06.24 2,218,710,242 35.65% 2,351,832,856 35.65% 100.06.24 103.06.23 100.06.24 2,218,710,242 35.65% 2,351,832,856 35.65% () 100.08.02 103.06.23 100.08.02 2,218,710,242 35.65% 2,351,832,856 35.65% 100.06.24 103.06.23 100.06.24 2,218,710,242 35.65% 2,351,832,856 35.65% 100.06.24 103.06.23 100.06.24 2,218,710,242 35.65% 2,351,832,856 35.65%

2011 ANNUAL REPORT () (%) (%) (%) (%) 100.10.14 103.06.23 100.10.14 2,218,710,242 35.65% 2,351,832,856 35.65% 100.06.24 103.06.23 100.06.24 1,018,311 0.02% 1,121,920 0.02% 130,040 8,596 0.0021% 100.06.24 103.06.23 100.06.24 1,018,311 0.02% 1,121,920 0.02% 31,800 0.0005% 100.06.24 103.06.23 100.06.24 71,175,727 1.14% 81,898,270 1.24% 20,600 0.0003% 100.06.24 103.06.23 100.06.24 71,175,727 1.14% 81,898,270 1.24% 100.06.24 103.06.23 100.06.24 71,175,727 1.14% 81,898,270 1.24% 100.07.14 103.06.23 100.07.14 660,000 0.01% 699,600 0.01% 100.06.24 103.06.23 100.06.24 660,000 0.01% 699,600 0.01% 100.06.24 103.06.23 100.06.24 660,000 0.01% 699,600 0.01% 15

16 / Report of Corporate Governance () (%) (%) (%) (%) 100.06.24 103.06.23 100.06.24 6,714,015 0.10% 7,116,855 0.11% 100.06.24 103.06.23 100.06.24 21,254,475 0.32% 22,529,743 0.34% 11100624103623 2155 3 1. 101424 () (11.11%)(8.84%)(7.19%) (6.33%)(5.94%)(5.91%) (5.27%)(4.78%)(4.29%)(4.16%) () (15.19%)(13.78%) (12.52%)(9.69%)(9.35%) (7.97%)(3.15%)(3.15%)(3.15%) (3.15%)(3.15%)(3.15%) (3.15%)(3.15%)(3.15%) ()

2. 101424 () () () () () () () () () () () () () () () () () () () () () () () () () 17 2011 ANNUAL REPORT

18 / Report of Corporate Governance 3. 1 2 3 4 5 6 7 8 9 10 101424 p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p 1. 2. () 3. 4. 5. 6. 7. 8. 9. 30 10. 27

2011 ANNUAL REPORT 101424 () (%) (%) (%) 100.12.5 10,600 0.0002% () 101.1.31 266,350 0.0040% 俤 101.1.31 520,896 0.0079% 37,926 0.0006% 100.10.5 136,675 0.0021% 100.12.8 220,383 0.0033% 100.12.1 33,318 0.0005% 101.1.31 292,774 0.0044% 303,311 0.0046% 101.1.31 311,800 0.0047% 21,936 0.0003% 101.1.31 17,904 0.0003% 180 0% 101.1.31 89,164 0.0014 19

20 / Report of Corporate Governance 100 1. () 1001231 (A) B C D AB C D (E) F (G) (H) ABC DEF G ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 280 766 0 0 1826 1826 0 135 0.80% 1.04% 284 555 0 0 0 0 11 0 0 0 0.91% 1.25% 10 ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1100121 2100 3100125

2011 ANNUAL REPORT 2,000,000 2,000,000 5,000,000 5,000,000 10,000,000 10,000,000 15,000,000 15,000,000 30,000,000 30,000,000 50,000,000 50,000,000 100,000,000 A+B+C+D A+B+C+D+E+F+G 100,000,000 20 20 20 20 1 2 100 12 1 2. () 1001231 ( ) ( ) ( ) ( ) ( ) A B C D ABCD 110 110 0 0 537 537 0 0 0.25% 0.25% 1100121 21

22 / Report of Corporate Governance A+B+C+D 2,000,000 2,000,000 5,000,000 5,000,00010,000,000 10,000,00015,000,000 15,000,00030,000,000 30,000,00050,000,000 50,000,000100,000,000 100,000,000 8 8 3. () 1001231 A B (C) D ABC D 604 652 0 0 87 243 49 0 60 0 0.28% 0.36% 0 0 11 1100121 210091,000 3100 4100125

2011 ANNUAL REPORT 2,000,000 尤錦堂 蔡秋榮 陳美足 蔡武烈 2,000,0005,000,000 無 5,000,00010,000,000 10,000,00015,000,000 15,000,00030,000,000 30,000,00050,000,000 50,000,000100,000,000 100,000,000 4 4 4. 1001231 俤 0 69 69 0.03% 1 2100 3 23

24 / Report of Corporate Governance 5. 100 1001231 () () 1 2 3 4 5 6 0 183 183 7 8 9 10 1 2100 1. 991001.86 2. 1 2 1.25 3 4() ()

2011 ANNUAL REPORT 10142410A /A 10 0 100 5 0 100 1001255 5 0 100 1001255 7 0 77.78 1009169 0 0 0 1009161 9 1 90 8 2 80 8 2 80 8 1 88.89 100829 1 0 100 1007161 9 1 90 6 4 60 7 1 87.5 10010148 1 1 50 10010142 10 0 100 10 0 100 4 5 40 7 3 70 5 5 50 143 1. 1001251513 2. 10012515 13 25

26 / Report of Corporate Governance 1. 2. 10142410A (%) / 8 88.89 1007149 1 100 1007141 10 100 10 100 7 70 9 90 100112314 101223131011 101323141012 101 : http://www.tcfhc.com.tw/corporate_governance

2011 ANNUAL REPORT 1. 2. 100121 1. 2. 3. 27

28 / Report of Corporate Governance (1) : (2) (3) (4) (5) (6) 100121 4

2011 ANNUAL REPORT 1. LED 2. 3. 4. ( ) ; 1. 2. ( ) 29

30 / Report of Corporate Governance 100 12 1 95 10 : http://www.tcfhc.com.tw/corporate_governance http://www.tcfhc.com.tw/

2011 ANNUAL REPORT 1. 100111001231 1 0 1 3 3 0 31

32 / Report of Corporate Governance 1001231 () () 10012 () () () 100 2. 1. 991 25997 2. 3. 4. 5. 6. 101 4 24 1. 10062411 11 2 2. 10010512 100121

2011 ANNUAL REPORT 3. 10012111 151 2 4. 10012515 1100125 2100125 5. 10132314 1101 21 3100 4 5 6. 10142315 1100 2100 3 101 4 24 101 4 24 101424 100.6.24 100.12.5 100.10.5 100.11.23 33

34 / Report of Corporate Governance 100.12.1~100.12.31 1 2,000 660 165 825 2 2,0004,000 0 0 0 3 4,0006,000 0 0 0 4 6,0008,000 0 0 0 5 8,00010,000 0 0 0 6 10,000 0 0 0

101424 (1) 1001211231 101424 () 0 0 0 0 0 0 0 0 0 0 0 0 () 1,130,000 0 0 2,658,000 0 0 0 0 0 0 300,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 () 1,130,000 0 0 2,658,000 10,000 0 1,130,000 0 0 2,658,000 0 0 () 1,130,000 0 0 2,658,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35 2011 ANNUAL REPORT

36 / Report of Corporate Governance 1001211231 101424 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (100.12.5) 0 0 0 0 (100.12.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (101.1.31) 0 0 0 0 (101.1.31) 0 0 0 0 0 0 0 0 0 0 0 ( ) - - --- ---

2011 ANNUAL REPORT 101424 ( ) 2,351,832,856 35.65% 0 0 0 0 ( ) 206,739,279 3.13% 0 0 0 0 ( ) 94,254,600 1.43% 0 0 0 0 ( ) 81,898,270 1.24% 0 0 0 0 72,203,563 1.09% 0 0 0 0 ( ) 53,863,816 0.82% 0 0 0 0 ( ) 53,797,605 0.82% 0 0 0 0 ( ) 53,764,005 0.81% 0 0 0 0 36,038,167 0.55% 0 0 0 0 50 35,524,600 0.54% 0 0 0 0 1001231 1 (2) 6,085,493,000 100 6,085,493,000 100 350,000,000 100 350,000,000 100 254,726,941 100 254,726,941 100 300,000,000 100 300,000,000 100 3 204,000,000 51 204,000,000 51 3 15,300,000 51 15,300,000 51 2,639,659 90.02 2,639,659 90.02 1,000,000 100 1,000,000 100 50,000,000 100 50,000,000 100 1 2 3511014 3 37

38 / Capital Raising Capital Raising 39 43 43 43 43 43 43

2011 ANNUAL REPORT 101424 100.12 12,000,000 120,000,000 6,596,825 65,968,254 100121 6,596,825 10 120,000,000 65,968,254 101424 6,596,825,431 5,403,174,569 12,000,000,000 101424 16 16 839 139,543 365 140,779 2,554,320,517 185,681,707 1,322,910,933 1,791,508,112 742,404,162 6,596,825,431 38.72% 2.81% 20.05% 27.16% 11.26% 100% 1. 101424 1 999 39,576 12,660,723 0.19% 1,000 5,000 53,133 125,919,424 1.91% 5,001 10,000 17,386 121,102,530 1.84% 10,001 15,000 9,785 116,926,782 1.77% 15,001 20,000 3,597 62,835,326 0.95% 20,001 30,000 5,243 125,889,733 1.91% 30,001 50,000 4,106 158,657,394 2.41% 39

40 / Capital Raising 50,001 100,000 3,670 255,974,642 3.88% 100,001 200,000 2,422 332,880,075 5.05% 200,001 400,000 1,013 267,973,057 4.06% 400,001 600,000 218 107,017,255 1.62% 600,001 800,000 120 83,142,711 1.26% 800,0011,000,000 83 74,425,299 1.13% 1,000,001 427 4,751,420,480 72.02% 140,779 6,596,825,431 100.00% 2. 101424 2,351,832,856 35.65% 206,739,279 3.13% 94,254,600 1.43% 81,898,270 1.24% 72,203,563 1.09% 53,863,816 0.82% 53,797,605 0.82% () 53,764,005 0.81% 36,038,167 0.55% 50 35,524,600 0.54%

2011 ANNUAL REPORT 100 101331 1 2 19.25 19.45 16.90 17.55 18.11 18.61 19.24 19.77 - - () 6,390,086 6,390,086 3 0.04 0.34 - - - - - - 4 - - 5 452.75-6 - - 7 - - 1 2 310012110012 4 5 6 7 41

42 / Capital Raising 1. 2. 10.53,298,412,715 25%503,298,412,720 3,298,412,7205%50100 0.040.04 0.040.04 1. 2. 100 3. 1 101100378,047 2,362,794 2 100 3 1000.04

2011 ANNUAL REPORT 1000.04 4. 99 100121 101 4 24 101 4 24 101 4 24 43

44 / Operations Overview Operations Overview 45 58 58 65 70 72 73 73

2011 ANNUAL REPORT 1. 1 2 100 (%) 222,488 98 4,513 2 227,001 100 3 10151 2. 1 45

46 / Operations Overview

2011 ANNUAL REPORT 2 100.12.31 99.12.31 1,010,477 978,009 32,468 3.32 1,202,677 1,166,557 36,120 3.10 123,471 124,905-1,434-1.15 2,336,625 2,269,471 67,154 2.96 1,944,539 1,782,481 162,058 9.09 83,934 52,538 31,396 59.76 441,283 520,383-79,100-15.20 2 100 99 1 94,372 84,980 9,392 11.05 100.1.1-100.12.1 293,097 100.1.1-100.12.1 1,242 342,734 2,005 1,042 1,189-147 -12.36 722 633 89 14.06 3 252,162 244,339 7,823 3.20 AUM 3 435,895 399,370 36,525 9.15 EDI 3,581,179 3, 233,065 348,114 10.77 403,332 330,272 73,060 22.12 ATM 399,883 382,515 17,368 4.54 VISA 1,727 1,065 662 62.16 35,128 42,093-6,965-16.55 43,814 67,914-24,100-35.49 21,334 19,880 1,454 7.31 112-112 -100.00 1,463 3,733-2,270-60.81 27,010 13,450 13,560 100.82 () 86,471 92,336-5,865-6.35 19,452 18,408 1,044 5.67 64,096 57,827 6,269 10.84 1DBUOBU 2()100122 31231 47

48 / Operations Overview 100 99 24,688,950 73.56 22,697,212 70.34 1,991,738 8.78 4,356,573 12.98 4,297,625 13.32 58,948 1.37-1,248,135-3.72 1,003,825 3.11-2,251,960-224.34 257,924 0.77 336,374 1.04-78,450-23.32 50,151 0.15 230,305 0.72-180,154-78.22 2,531,234 7.54 401,726 1.24 2,129,508 530.09 () 23,343 0.07 135,462 0.42-112,119-82.77 249,886 0.74 255,575 0.79-5,689-2.23 39,731 0.12 14,479 0.05 25,252 174.40 2,238,406 6.67 2,388,043 7.40-149,637-6.27 375,169 1.12 507,076 1.57-131,907-26.01 33,563,232 100.00 32,267,702 100.00 1,295,530 4.01 3 10151 3. 1 A. B. C. D. E. F. G. H. 2 100 (%) 11,086 54 811 4-472 2 7,991 39 135-152 1 20,647 100 100122

2011 ANNUAL REPORT 3 10152 4. 1 A. B. C. D. E. F. G. 2 100 99 194,583 51.30 150,654 47.62 107,824 28.43 89,637 49.19 76,868 20.27 28,245 3.19 379,275 100 268,536 100.00 3 10153 5. 1 A. () B. C. () D. E. F. G. H. I. J. K. 49

50 / Operations Overview 2 100 99 1,195,141 99 768,706 100 7,341 1 -- -- 957 -- 1,703 -- 908 -- 80 -- 1,204,348 100 770,490 100 3 10153 6. 1 2 100 99 10,831,570 32 3,261,251 8 21,665,898 65 36,708,065 91 1,048,835 3 484,886 1 29,133 -- 1,572 0 33,575,436 100 40,455,774 100 99420 3 10154 7. 1 A. B. C. 2 100 42,643 100 0 0 0 0 0 0 42,643 100 1006

2011 ANNUAL REPORT 3 10154 101 1. 101 101 1 2 3 4 2. 1 A. B. e C. D. 2 A. B. 51

52 / Operations Overview C. D. 7() 3 A. 5P B. C. ipadiphoneandroid D. e E. Combo Combo 4 A. B. C. D. 5 A. B. C. D. 3. 1 A. B. C.

2011 ANNUAL REPORT D. 2 A. B. C. 3 A. B. 4 A. B. 4. 1 A. B. ()(FRCP) C. D. E. 2 A. B. C. D. 3 4 101110 5. 1 2 3 4 53

54 / Operations Overview 5 6 10194129612 7 6. 1 A. B. C. 2 A. B. C. 3 A. B. C. 4 7. 1 2 3 4 1. 16 (MOU)(ECFA)

2011 ANNUAL REPORT 2. 100 100 4756993,991MOU 3. 1 ETF 2 4. 8435 99224 5. 100302010 6995,1409914% 100567,89457%39%100 55

56 / Operations Overview 100781,07478% 100658,866 66.21% 6. 100 10099 1. 1 10012 2 (CRM) 2. 1 A. 998,01521 34 (Reverse Mortgage)- (LED) B. 10018,45021 IFRS 2 10115,575 21600

2011 ANNUAL REPORT 3. 1 2 A. B. C. 4. 1 2 5. 1 10099208 2 6. 1 2 7. 1 2 101 101 57

58 / Operations Overview 101 1. 10029568 434241 6 2. 1 2 1013.85

2011 ANNUAL REPORT 3. 101 22,167 18,920 () 880 4,057 1,551 --- --- --- 21.76 4,200 202 660 4. 1 A. 10134 B. C. D. 300 E. 2 A. B. C. D. E. 59

60 / Operations Overview 1. 1001221011 12 2. 1 ETF 2 3. 101 4,000 6 4. 1 A. (MOU) B. C.

2011 ANNUAL REPORT 2 A. B. C. 1. 2. 1 10018435 100 100 101 FED2014 2 3 4 61

62 / Operations Overview 3. 101 1,500 1,490 8,100 4,520 110 4. 1 A. B. C. D. 2 A. B. C. D. 1. 2. 3. 101 3.44 1.7

2011 ANNUAL REPORT 4. 1 2 1. ()() 100 3353.37% 2. 1 2101 3101 4 3. 101 14,493 17,955 1,875 244 36 34,603 4. 1 A. B. 101 C. 63

64 / Operations Overview 2 A. B. C. 1. 2. 3. 101 12,000 189.7 4. 1 2 101

2011 ANNUAL REPORT 100 101424 38 48 44 45 0.1 0.5 0% 0% 31.58% 29.17% 63.16% 68.75% 5.26% 2.08% 0% 0% 20 24 14 17 21 24 //// 13 12 16 16 100.12.01 65

66 / Operations Overview 100 101424 1,409 1,409 7,260 7,106 8,669 8,515 44 45 18.03 18.50 0.02% 0.02 9.01% 9.17 76.59% 76.41 13.12% 13.12 1.26% 1.28 1,692 1,684 1,482 1,479 5,623 5,585 2,364 2,348 5,367 5,349 5,536 5,507 //// 1,787 1,823 3,348 3,331 3,626 3,604 1,830 1,787 / 2,158 2,095 4,641 4,601 3,067 3,055 17,566 4,722 1,407 115 87 5 100 101424 179 246 41 40 8.07 5.41 0% 0% 8.33% 10.53% 81.11% 79.35% 10.56% 10.12% 0% 0% 116 170 46 63 121 154

2011 ANNUAL REPORT 100 101424 41 41 4 5 45 46 47 46 3.78 3.90 2.22 2.17 13.33 15.21 71.11 69.57 13.33 13.04 0 0 31 31 23 24 16 16 23 24 19 19 13 13 13 13 12 13 11 11 9 9 8 8 8 11 5 5 2 2 2 2 1 1 1 2 1 1 1 1 100 101424 32 34 39 42 3.5 4.3 0 0 25.00 32.35 65.63 58.82 9.37 8.83 0 0 67

68 / Operations Overview 100 101424 75 95 39 38 1.27 2.14 0% 0% 25.3% 23.0% 54.7% 64.3% 20% 9.5% 0 3.2% LOMA 82 97 100 101424 38 40 35 35 1 1.03 0 0 65.80 65 34.20 35 0 0 0 0 19 21 6 8 17 19 15 18 10 13 7 8 3 3 1 1 7 10 16 17 5 6

2011 ANNUAL REPORT 69

70 / Operations Overview LED 1. 100.09.09

2011 ANNUAL REPORT 2. 3. () 100 1. 100924 2. 100 10-100-- 3. 100LPGA2011 20112011 10099 4. 100-5. 10059 966 6. 7. 8. 2011-- 9. 10027 661 71

72 / Operations Overview 1. 2. 3. 1. 2. 3. 4. 2013 5. 6. 7.

2011 ANNUAL REPORT 1. 2. 1. 1 2 3 3 () 4 2. 1 2 3. 4. 1 2 100 101 4 24 73

Financial Status 75 77 83 85 159 101424

2011 ANNUAL REPORT (1) 100 101331 52,877,576 52,935,090 574,368,770 610,967,002 29,683,803 35,748,905-399,894 55,865,511 54,633,895-26,711,626 26,147,432-1,943,392,930 1,915,125,030 8,716,618 9,303,503 1,572,078 1,896,786-2 35,457,864 36,332,445-3,859,007 3,857,289-49,326,551 51,450,420-5,933,086 5,865,050 2,787,765,420 2,804,662,741 228,380,002 221,484,681-879,696 479,842 2,212,922,547 2,230,097,170 4,218,801 3,670,020 61,834,898 64,593,410 43,360,504 45,132,383 90,080,000 90,080,000 12,947,680 13,526,131 970,000 755,000 1,633,693 1,429,820 2,391,743 2,631,917 5,052,214 4,282,262 2,664,671,778 2,678,162,636 65,968,254 65,968,254 58,051,217 58,051,217 262,533 2,434,840 - - (1,356,923) (126,188) 168,561 171,982 123,093,642 126,500,105 - - 1 100121100101331 21001251,108,854101315647,363 3 100 75

76 / Financial Status (1) 100 101331 40,485 28,785 4,509 5,956 122,954,278 126,406,336-11,753 24,325-53 - 1,440 1,440 123,012,465 126,466,895 19,273 33,569 66,000 100,000 1,738 3,373 373 1,830 87,384 138,772 - - 65,968,254 65,968,254 58,051,217 58,051,217 262,533 2,434,840 - - (1,356,923) (126,188) 122,925,081 126,328,123 - - 1 100121100101331 2 100 (1) 100 101331 2,175,706 6,400,195 759,128 1,994,203 (492,154) (875,083) (2,183,218) (4,910,789) 259,462 2,608,526 (70,202) (433,778) 189,260 2,174,748 71,588-262,533 2,172,307 (1,685) 2,441 0.04 0.34 1100121100101331 2

2011 ANNUAL REPORT (1) 100 101331 222,488 2,221,322 4,513 311 (2,346) - (33,643) (49,136) (67) (190) 190,945 2,172,307 71,588-262,533 2,172,307 () 0.04 0.34 () 0.04 0.34 1 100121100101331 2 2 1 100 101331 0.002 0.02 88.46 86.53 0.71 0.76 5,910 46,280 6,909 45,256 2.56 6.97 2.56 6.97 116.90 97.79 0.04 0.34 % 0.07 0.11 % 0.07 0.11 % 100.02 100.06 41% - - - - % 100.02 100.01 - - - - % 71.92 100.29 % 115.99 246.32 % 103.52 246.32 % 8.47 - % 5.59 - % 8.12 - % 9.08-77

78 / Financial Status 2 1 1100101331 2 1. (1) (2) (3) (4) (5) 2. (1) (2) (3) (4) 4 3. (1) (2) (3) =3637 4. (1) () (2) + 5. (1) =() (2) = 6. (1) (2) (3) 7. (1) (2) 100 101331 10.23 10.40 18.09 17.54 1582.17 1353.83 % 72.05 80.76 167,603,732 171,705,053 3,098,123 3,162,106 2,494,870 2,563,472 4,238,805 4,266,342 157,816,426 160,210,832 131,018,239 132,139,056 1,369,764 1,442,410 236,531 284,024 2,941,645 2,641,276 258,538,159 262,972,622 % 116.40 117.34 46

2011 ANNUAL REPORT (3) (4) 8. (1) (2) + (3) 3 1. 2. 3. 4. 1001231 119,986,455 97.61% 56,299,830 45.80% 40,366,823 32.84% 40,283,354 32.77% 35,892,559 29.20% 17,498,528 14.24% 16,817,022 13.68% 11,418,785 9.29% 10,441,477 8.49% 10,206,000 8.30% 10,000,000 8.14% 8,700,000 7.08% 8,571,621 6.97% 8,400,000 6.83% 7,731,003 6.29% 7,157,482 5.82% 6,976,620 5.68% 6,529,841 5.31% 5,696,527 4.63% 5,500,000 4.47% 5,302,356 4.31% 4,500,000 3.66% 4,473,441 3.64% 4,444,626 3.62% 4,300,605 3.50% 4,234,015 3.44% 4,182,356 3.40% 4,137,767 3.37% 4,086,011 3.32% 79

80 / Financial Status 4,014,812 3.27% 3,969,862 3.23% 3,854,926 3.14% 3,593,341 2.92% 3,473,402 2.83% 3,349,846 2.73% 3,320,141 2.70% 3,272,504 2.66% 3,246,726 2.64% 3,126,500 2.54% 3,123,142 2.54% 3,120,934 2.54% 3,110,722 2.53% 3,092,897 2.52% 3,072,837 2.50% 3,025,246 2.46% 3,000,000 2.44% OO 4,543,116 3.70% OO 3,459,100 2.81% 22,637,627 18.42% 20,860,620 16.97% 19,792,117 16.10% 17,895,447 14.56% 17,551,168 14.28% 16,827,022 13.69% 15,466,333 12.58% 14,831,326 12.07% 14,588,248 11.87% 13,633,475 11.09% 13,530,970 11.01% 13,030,970 10.60% M.SETEK CO.,LTD. 12,544,044 10.20% 12,485,691 10.16% 12,348,620 10.05% AUO SUNPOWER SDN.BHD. 12,327,035 10.03% 11,872,910 9.66% 11,717,986 9.53% 11,689,785 9.51% 11,657,482 9.48% 11,141,621 9.06%

2011 ANNUAL REPORT 11,141,621 9.06% 10,204,348 8.30% 9,836,198 8.00% FORMOSA CHEMICALS INDUSTRIES (NINGBO) LIMI 9,480,321 7.71% FORMOSA PS (NINGBO) LTD CO 9,268,291 7.54% 9,219,021 7.50% 9,000,255 7.32% 8,632,622 7.02% NAN YA PLASTICS (HONG KONG) CORP. LTD. 8,331,222 6.78% 8,190,000 6.66% 7,786,345 6.33% 7,684,347 6.25% 7,684,347 6.25% 7,669,615 6.24% 7,547,566 6.14% 7,388,381 6.01% 7,247,425 5.90% 7,164,782 5.83% 7,038,977 5.73% 6,896,560 5.61% 6,778,695 5.51% 6,713,184 5.46% 6,530,038 5.31% 6,530,038 5.31% 6,196,527 5.04% 5,875,862 4.78% Formosa Plastics Corp USA 5,867,484 4.77% CAYMAN PRESIDENT HOLDINGS LTD. 5,669,787 4.61% ORIENTAL TEXTILE (HOLDING) LIMITED 5,605,106 4.56% 5,554,278 4.52% 5,554,278 4.52% NI-PRESIDENT SOUTHEAST ASIA HOLDINGS LTD 5,549,815 4.51% 5,504,666 4.48% 5,502,292 4.48% 5,421,456 4.41% 5,239,046 4.26% 5,197,024 4.23% 5,006,672 4.07% 4,920,852 4.00% 4,903,046 3.99% 4,853,777 3.95% 81

82 / Financial Status 4,833,201 3.93% 4,722,345 3.84% 4,706,450 3.83% 4,674,201 3.80% 4,674,201 3.80% 4,651,287 3.78% Inteplast Group Ltd 4,641,639 3.78% 4,588,573 3.73% 4,552,441 3.70% 4,517,493 3.67% 4,517,493 3.67% 4,450,468 3.62% 4,268,471 3.47% 4,192,783 3.41% 4,190,926 3.41% QUANTA INTERNATIONAL LIMITED 4,115,731 3.35% 4,115,731 3.35% 3,910,384 3.18% 3,880,898 3.16% 3,820,396 3.11% TODAY'S III INC 3,803,784 3.09% 3,669,029 2.98% 3,625,886 2.95% 3,620,411 2.95% WALSIN LIHWA HOLDINGS LIMITED 3,560,858 2.90% WAN HAI LINE (SINGAPORE) PTE LTD 3,554,202 2.89% 3,548,075 2.89% 3,358,178 2.73% SMART IDEA HOLDINGS LIMITED 3,313,136 2.70% LITE-ON MOBILE PTE LTD. 3,286,458 2.67% 3,286,458 2.67% 3,133,732 2.55% 3,121,365 2.54% 3,113,886 2.53% 3,113,886 2.53% 3,034,393 2.47%

2011 ANNUAL REPORT 219100 101 1 0 1 3 2 6 83

84 / Financial Status 219100 101 1 0 1 4 2 3

2011 ANNUAL REPORT 0920123784 0920123784 85

86 / Financial Status 11000 $ 52,877,576 11500 574,368,770 12000 29,683,803 13000 26,711,626 13500 1,943,392,930 14000 55,865,511 14500 8,716,618 15000 1,572,078 15500 49,326,551 18500 35,457,864 19000 3,859,007 19500 5,933,086 19999 $ 2,787,765,420

2011 ANNUAL REPORT 21000 $ 228,380,002 21600 879,696 22000 4,218,801 22500 61,834,898 23000 43,360,504 23500 2,212,922,547 24000 90,080,000 24400 970,000 25000 2,391,743 25500 12,947,680 29500 6,685,907 29999 2,664,671,778 31001 1012,000,000 6,596,825 65,968,254 31500 58,051,217 32000 262,533 32501 5,434,727 32521 57,313 32523 287,047 32542 206,739 ( 7,136,010 ) 32500 ( 1,356,923 ) 39000 122,925,081 39500 168,561 39999 123,093,642 $ 2,787,765,420 87

88 / Financial Status 41000 $ 4,088,789 51000 ( 1,913,083 ) 2,175,706 49800 435,544 49820 158,971 49830 ( 15,051 ) 49850 ( 64,341 ) 49870 ( 15,430 ) 49880 ( 1,223 ) 49995 205,561 49999 55,097 759,128 2,934,834 51500 ( 492,154 ) 58501 ( 1,184,345) 58503 ( 99,791 ) 58599 ( 899,082 ) 58500 ( 2,183,218 ) 61001 $ 259,462 61003 ( 70,202 ) 61005 189,260 63000 71,588 69000 $ 260,848 69901 $ 262,533 69903 ( 1,685 ) 69900 $ 260,848 70000 $ 0.03 $ 0.03 0.01 0.01 $ 0.04 $ 0.04 71000 $ 0.03 $ 0.03 0.01 0.01 $ 0.04 $ 0.04

2011 ANNUAL REPORT 6,596,825 $ 65,968,254 $ 58,051,217 $ - $ 4,325,873 $ 146,348 $ 24,657 ($ 7,136,010 ) $ 175,535 $ 121,555,874 - - - 262,533 - - - - ( 1,685 ) 260,848 - - - - - ( 89,035 ) - - ( 5,289 ) ( 94,324 ) - - - - - - 262,390 - - 262,390 - - - - 1,108,854 - - - - 1,108,854 6,596,825 $ 65,968,254 $ 58,051,217 $ 262,533 $ 5,434,727 $ 57,313 $ 287,047 ($ 7,136,010) $ 168,561 $ 123,093,642 89

90 / Financial Status $ 260,848 ( 71,588 ) 36,540 99,791 1,223 492,154 1,107 15,053 64,341 18,899 1,122 ( 2,277 ) 39,599 ( 1,618 ) 1,002,774 21,285 135,365 2,251 8,230,420 786,057 11,133,346 ( 17,179,832 ) ( 9,021,798 ) ( 1,702,223 ) 525,228 ( 3,788 ) 682,815 ( 499,155 ) 601,645 52,955

2011 ANNUAL REPORT ( $ 133,730 ) 12,056 61,773 ( 26,604,054 ) ( 14,146,976 ) 6,995 4,351,101 42,021,305 8,000 ( 342,779 ) 8,064 31,905,710 ( 47,378 ) 16,387,624 36,489,952 $ 52,877,576 $ 2,851,169 $ 395,196 91

92 / Financial Status 13,346 71,588 ()()() ()() () $ 428,986 157,450 2,049,200 186 6,406 47,027 34,047 17,348 373,489 73,176 877 1,370 ( 24,909 ) ( 59,752 ) ( 69,288 ) ( 3,269 ) ( 18,733 ) ( 1,370 ) ( 12,241 ) $ 3,000,000 ()() ()() () () ()() () ()()

8,991 93 2011 ANNUAL REPORT

94 / Financial Status TAIBIR

1. 2. 3. 95 2011 ANNUAL REPORT

96 / Financial Status

( ) 97 2011 ANNUAL REPORT

98 / Financial Status ( ) ( ) ( ) ( ) ( ) ( ) $ 21,506,058 22,976,933 8,394,585 $ 52,877,576

2011 ANNUAL REPORT $ 23,517,685 57,495,186 41,674,475 223,421 39,200,000 1,400,000 334,300,000 1,529,037 1,399,827 73,629,139 $ 574,368,770 $ 24,487,892 200,000 146,703 112,003 28,768 101 2,486,492 342,762 63,485 61,352 45,474 34,904 5,086 2,042 28,017,064 897,027 769,712 1,666,739 $ 29,683,803 $ 1,846,871 227,892 189,010 85,246 36,038 4,380 1,847 2,391,284 1,827,517 $ 4,218,801 21,853,200 $ 318,546,096 28,867,794 13,507,086 12,750,211 9,045,552 6,299,075 1,220,940 490,499 99

100 / Financial Status $ 6,339,276 5,783,390 5,007,560 3,217,811 2,385,791 1,917,531 1,714,310 587,151 503,024 467,993 456,227 365,762 358,751 29,104,577 2,392,951 $ 26,711,626 1,716,211 $ 6,510,784 $ 1,608,365 210,111 99,132 20,667,471 685,454 27,388,366 2,392,951 $ 2,944,731 2,711 ( 575,327 ) 370 20,466 $ 2,392,951 $ 1,935,244 581,123 1,080,997 676,235 317,221,027 848,379 116,734,451 290,464,620 295,197,803 52,381,944 873,247,969 12,433,710 1,962,803,502 19,202,415 208,157 $ 1,943,392,930 20,722

2011 ANNUAL REPORT $ 27,055,855 $ 7,669,800 13,563,852 3,407,593 1,922,183,795 8,125,022 1,962,803,502 19,202,415 $ 5,493,870 2,000,000 790,373 275,503 156,872 $ 8,716,618 $ 18,771,062 451,387 356 ( 20,390 ) $ 19,202,415 $ 1,380,130 51.00 96,732 51.00 95,216 30.00 $ 1,572,078 $ 451,387 2,711 ( 3,658 ) 41,714 $ 492,154 $ 43,717,559 5,278,650 3,283,618 3,128,057 457,627 $ 55,865,511 64,341 $ 296,989 282,869 14,120 45,080,654 4,231,777 $ 49,326,551 $ 28,853,692 15,922,463 156,641 147,858 $ 45,080,654 34,629,400 2,123,800 101

102 / Financial Status 12,249 $ 3,120,934 17.03 631,153 0.24 135,405 2.89 101,125 5.88 243,160 $ 4,231,777 $ 16,713,162 7,424,006 13,659,602 5,625,197 684,618 1,330,336 840,710 46,277,631 4,655,243 4,438,161 567,808 1,145,949 630,261 11,437,422 6,574 7,643,4832,562,372 133,588 11.08% $ 3,170,005 689,002 $ 3,859,007 $ 4,403,475 495,195 244,276 657,486 115,393 17,261 $ 5,933,086 571,905 52,324 $ 35,457,864

2011 ANNUAL REPORT $ 2,909,507 219,477 3,128,984 1,676,099 4,805,083 393,005 8,603 $ 4,403,475 7,850,000 61,834,898 61,865,875 $ 22,976,933 11,026 4,151,859 4,081,862 3,556,555 3,247,054 1,880,942 638,380 326,448 221,026 203,992 175,870 1,899,583 $ 104,348,794 92,229,717 30,927,392 558,019 316,080 $ 228,380,002 880,000 0.958-0.978% $ 43,360,504 $ 42,974,437 343,546,870 593,211,312 454,364,047 2,137,100 705,292,669 71,132,189 263,923 $ 2,212,922,547 103

104 / Financial Status 95-115,000,0000.25%3,200,000 2.24% $ 18,200,000 95-290Fixing Rate0.235% 7,000,000 96-190Fixing Rate0.7%90 1.7% 13,000,000 96-290Fixing Rate0.34% 1,360,000 96-290 Fixing Rate0.85%90 1.85% 5,810,000 97-190Fixing Rate0.43% 1,000,000 97-13.0% 4,500,000 97-190 Fixing Rate0.95%90 1.95% 4,500,000 98-12.25% 4,100,000 98-22.10% 4,000,000 99-10.25% 8,000,000 99-290Fixing Rate0.15% 3,000,000 99-21.45% 1,000,000 100-190Fixing Rate0.15% 7,300,000 100-11.65% 2,700,000 100-290Fixing Rate0.25% 1,200,000 100-21.70% 3,410,000 $ 90,080,000 95-12.24% $ 1,800,000 27,517 $ 1,827,517 390,000

2011 ANNUAL REPORT $ 970,000 0.93~0.959 $ 9,937,568 1,901,254 1,108,858 $ 12,947,680 $ 2,562,372 1,948,561 1,633,693 480,928 60,353 $ 6,685,907 3,200 $ 81,331 11,935 ( 4,601 ) ( 3,269 ) $ 85,396 $ 5,617,318 1,359,253 6,976,571 1,825,180 8,801,751 ( 5,115,424 ) 3,686,327 ( 641 ) ( 5,360 ) ( 1,293,383 ) 4,800 $ 2,391,743 $ 6,601,543 1.65~1.75% 2.00% 1.65~1.75% 105

106 / Financial Status $ 593,787 303,539 93,536 68,193 125,290 99,791 $ 4,428,437 744,742 55,214 ( 112,969 ) $ 5,115,424 17% $ 56,279 ( 458 ) 13,419 3,185 72,425 ( 1,618 ) ( 605 ) $ 70,202 $ 350,150 322,440 93,481 277,249 80,278 69,125 23,142 1,215,865 1,028,417 187,448 ( 11,862 ) ( 117,613 ) ( 538,901 ) ( 668,376 ) ( $ 480,928 ) $ 199,326 1,831,323 29,057 $ - $ 2,582,634 $ - $ 295,281 $ 9,012 $ 99,962 3.56% 22.94% - 40.31% 20.75% 29.69%

2011 ANNUAL REPORT 19,985 2,324,670 3,014,642 787,981 542,373 787,981 348,962 $ 190,945 $ 190,945 $ 0.03 $ 0.03 71,588 71,588 0.01 0.01 262,533 262,533 6,390,086 $ 0.04 $ 0.04 - - 21 $ 262,533 $ 262,533 6,390,107 $ 0.04 $ 0.04 二 ( ) 6,596,82510 107

108 / Financial Status 120,000,00065,968,254 ( ) 10,410,804 $ 27,783,766 15,799,245 195,968 10,410,804 54,189,783 3,861,434 $ 58,051,217 ( ) 1,108,854 ( ) 206,739 - - 206,739 7,136,010

2011 ANNUAL REPORT ( ) 3782,363 ( ) 1. $ 22-109

110 / Financial Status 2. $ 10,074,405 $ 9,440,060 2 $ 10,862 0.13-7.6 3. $ 3,158,327 1 $ 2,717 4. $ 2,323,133 $ 151,375 - $ 361 0.14-5.25 5. $ 126,736 $ 125,919 - $ 176 1.525-2.52 6. $ 50,000 - $ 4 0.40-0.70 7. $ 4,434,043 - $ 3,510 0-13 8. $ 66,666-9. $ 9,584-10. $ 1,236-11. $ 33,900-12. $ 2,665 -

2011 ANNUAL REPORT 13. $ 66,323 15 3,060 1 $ 69,383 16 14. $ 33,900 8 15. $ 889 2 16. $ 84-17. $ - $ - $ 50,000 $ - 18. 99.11.17104.09.08 USD5,000 $ 664 $ 2,907 99.11.24104.01.20 USD5,000 554 4,220 99.12.10104.09.28 USD5,000 671 7,509 19. 12 $ 26,043 $ 25,745 $ 25,745 $ - 38 100,693 100,174 100,174-1. (1) $ 14,629,573 $ 13,934,623 2 $ 17,098 0.13-7.60 111

112 / Financial Status (2) $ 3,156,302 1 $ 2,717 (3) $ 3,036,915 $ 531,809 - $ 719 0.14-5.25 (4) $ 126,736 $ 125,919 - $ 176 1.525-2.52 (5) $ 5,064,545 $ - $ 3,658 0-13 (6) 99.11.17104.09.08 USD5,000 $ 664 $ 2,907 99.11.24104.01.20 USD5,000 554 4,220 99.12.10104.09.28 USD5,000 671 7,509 2. $ 340,763 99 3. $ 119,656 0.13~1.345% $ 2

2011 ANNUAL REPORT ( ) ( ) RTGS ( ) Federal Reserve Bank of San Francisco Discount Window Account $ 4,362 1,077 4,541 $ 9,980 $ 40,000,000 30,700,000 2,000,000 666,200 385,000 (9,100) 275,503 177,400 150,000 29,400 $ 74,383,503 ( ) 39,38638,870 ( ) 1. 337,719 $ 573,908 414,091 255,660 180,563 99,650 2. 2,408,8161,801,099 ( ) $ 2,673 2,766 2,863 2,963 3,067 $ 137,559 $ 81,900 $ 219,459 $ 170,084 113

114 / Financial Status ( ) 1. 97.02.07 97.02.07 97.06.27 97.08.21 97.01.08 97.01.08 97.01.08 97.01.08 97.01.08 97.01.08 96.12.11 96.12.27 96.11.16 97.02.14 97.02.19 97.02.19 97.02.19 97.02.19 97.02.19 97.02.19 97.06.18

2011 ANNUAL REPORT 98.07.29 99.04.13 100.01.31 100.01.27 100.01.27 100.03.01 100.03.01 100.03.01 100.03.01 100.03.01 100.03.01 100.01.27 100.03.01 100.03.01 100.03.01 100.03.31 100.02.15 100.02.15 100.03.17 100.03.17 100.03.01 100.03.01 100.11.18 115

116 / Financial Status 2. 90% 250,000 95% 33,900 ( ) $ 11,829,300 $ 2,050,000 $ 200,000 ( ) 17,13017,130 ( ) $ 29,683,803 $ 29,683,803 55,865,511 55,865,511 652,243,662 652,243,662 1,943,392,930 1,943,392,930 14,120 14,120 1,152,681 1,152,681 8,716,618 8,668,433 45,080,654 45,022,008 879,696 879,696 4,218,801 4,218,801 333,248,956 333,248,956 2,212,922,547 2,212,922,547 970,000 970,000 12,947,680 12,947,680 90,800,000 90,774,667 1. Black Scholes model Bloomberg 2.

2011 ANNUAL REPORT 3. 4. 5. 6. 0.8%1.1% 7. 8. $ 28,768 $ 28,768 $ - $ - 146,804 146,804 - - 24,799,895 200,000 24,599,895-1,666,739 852,699 814,040-3,128,057 3,128,057 - - 52,279,827 13,952,874 38,326,953-457,627 457,627 - - 45,022,008-45,022,008 - ( 1,827,517 ) - ( 1,827,517 ) - 3,041,597 5,086 3,036,511 - ( 2,391,284 ) - ( 2,391,284 ) - 117

118 / Financial Status 1. (1) (2) (3) 2. 3. 1. $ 23,447 $ 1,185,524 ( $ 1,153,276 ) $ 10 $ 55,705 6,633 - ( 7,317 ) - ( 684 ) - ( 990,023 ) 1,122,820-132,797 ( 3,415 ) - 1,233 - ( 2,182 ) $ 26,665 $ 195,501 ( $ 36,540 ) $ 10 $ 185,636 36,540 35,695 2. $ 4,058,709 ( 1,909,668 ) $ 2,149,041 3. 247,337 15,053 4. $ 519,415 ( 83,871 ) 1. $ 435,544

2011 ANNUAL REPORT 2. VaR-limit Position-limitStop Loss Limit 1 $ 8,989,259 30.2750 $ 272,149,803 157,488 39.2200 6,176,668 1,670,428 3.8970 6,509,656 46,020 46.6800 2,148,204 364,457 30.7450 11,205,228 4,148 23.3000 96,655 8,517 32.1850 274,124 20,273 29.6700 601,503 48,571,128 0.3897 18,928,168 2,315 4.3900 10,165 7 9.5360 67 16,922 23.4100 396,145 7,753 0.9583 7,429 14,598 3.7100 54,160 271,390 4.7970 1,301,859 2,407 0.6906 1,663 8,429,826 30.2750 255,212,962 240,613 39.2200 9,436,826 1,040,959 3.8970 4,056,616 83,193 46.6800 3,883,451 351,934 30.7450 10,820,223 6,034 23.3000 140,583 4,314 32.1850 138,835 76,543 29.6700 2,271,043 30,278,349 0.3897 11,799,473 6,626 4.3900 29,090-9.5360 3 118,304 23.4100 2,769,506 8,882 0.9583 8,512 2,431,390 3.7100 9,020,458 204,675 4.7970 981,826 364 0.6906 251 119

120 / Financial Status 2 C. A. $ 5,136,944 2.32 503,357,490 0.77 60,101,652 1.35 12,122,019 0.92 2,460,179 4.43 166,707 0.67 1,860,953,470 1.96 41,584,925 1.95 9,088,953 1.52 38,025,691 2.60 201,415,708 0.57 1,800,000 2.24 42,777,199 0.46 335,075,188 0.13 586,106,405 0.59 445,991,715 0.96 695,162,778 1.27 65,510,719 0.79 2,415,446 0.27 13,431,266 1.08 83,507,726 1.59 B. $ 92,278 1.25 613,874 1.06 4,676,148 2.14 1,927,956 1.29 $ 1,385,686 0.83 56,726 0.51 10,761,501 0.90 15,095 1.78 6,984,152 1.46 92,274 0.66 9,998,014 0.68 5,309,109 0.67 3 A. 190 91180 1811 1 2,098,595,064 113,340,697 8,479,526 56,601,685 2,277,016,972 1,157,662,317 926,436,710 73,087,785 34,592,209 2,191,779,021 940,932,747 ( 813,096,013 ) ( 64,608,259 ) 22,009,476 85,237,951 105,463,503 103.89 80.82 1. 2. 3. 4. 4,846,496 0.96 63,878-115,859 0.80

2011 ANNUAL REPORT 190 91180 1811 1 9,854,237 1,116,145 288,449 113,268 11,372,099 9,864,023 600,100 352,191 9,900 10,826,214 ( 9,786 ) 516,045 ( 63,742 ) 103,368 545,885 236,799 105.04 230.53 1. 2. 3. 4. B. 190 91180 1811 1 206,455 35,992-8,281 250,728 125,000 50,956 - - 175,956 81,455 ( 14,964 ) - 8,281 74,772 55,746 142.49 134.13 1. 2. 3. 4. C. 0.01% $ 20 $ 102 $ 82 $ 2,000 $ 729 $ 2,933 3. 66% 7.27% 16.92%14.76% 47.37% 121

122 / Financial Status 1 $ 38,501,980 107,976,164 61,816,331 $ 3,322,100 $ 3,322,100 3,890,700 3,890,700 2,171,300 2,171,300 $ 9,384,100 $ 9,384,100 2 $ 1,159,207 3 $ 11,829,300 $ 807,266,540 39 388,001,601 19 107,439,483 5 4. 16.75% $ 11,829,300 $ 11,829,300

2011 ANNUAL REPORT 1 A. $ 52,772,714 $ - $ - $ - $ - $ 52,772,714 274,658,219 155,422,074 55,256,710 33,687,542 58,207,390 577,231,935 15,796,852 350,846 308,744-704,428 17,160,870 12,464,642 2,326,871 1,104,824 2,496,858 2,150,049 20,543,244 92,406,425 147,666,670 121,694,422 204,741,222 1,391,140,580 1,957,649,319 717,799 5,000,738 776,372 3,768,821 36,757,595 47,021,325 544,723 63,578 558,362 511,224 7,034,942 8,712,829 222,547 993,815 1,526,686 3,324,150 37,945,105 44,012,303 $ 449,583,921 $ 311,824,592 $ 181,226,120 $ 248,529,817 $ 1,533,940,089 $ 2,725,104,539 $ 95,632,832 $ 97,076,601 $ 15,978,768 $ 18,856,686 $ 299,856 $ 227,844,743 2,391,284 - - - 1,827,517 4,218,801 35,109,129 5,823,528 2,547,320 12,659-43,492,636 28,648,747 1,338,229 3,264,719 5,871,909 3,914,571 43,038,175 332,899,664 345,446,797 313,132,913 582,275,026 639,663,095 2,213,417,495 - - - - 90,080,000 90,080,000 10,397,779 84,646 71,878 178,022 2,220,000 12,952,325 $ 505,079,435 $ 449,769,801 $ 334,995,598 $ 607,194,302 $ 738,005,039 $ 2,635,044,175 B. $ 127,638 $ - $ - $ - $ - $ 127,638 611,832 - - - - 611,832 19,539 - - - - 19,539 33,076 230,362 386,975 198,907 4,304,863 5,154,183 - - 278,848 536,418 550,074 1,365,340 $ 792,085 $ 230,362 $ 665,823 $ 735,325 $ 4,854,937 $ 7,278,532 $ 1,803,260 $ 1,790,464 $ 1,542,693 $ - $ - $ 5,136,417 17,081 - - - - 17,081 135,308 - - - - 135,308 $ 1,955,649 $ 1,790,464 $ 1,542,693 $ - $ - $ 5,288,806 123

124 / Financial Status C. $ 5,618,992 $ 5,815,783 $ 718,779 $ - $ - $ 12,153,554-301,614 727,928 7,798,275-8,827,817 5,618,992 6,117,397 1,446,707 7,798,275-20,981,371 15,445,894 2,881,359 15,009 - - 18,342,262 ( $ 9,826,902 ) $ 3,236,038 $ 1,431,698 $ 7,798,275 $ - $ 2,639,109 2 A. 130 3190 91180 1811 1 2,610,099,381 459,809,127 324,848,595 207,004,571 335,964,428 1,282,472,660 3,354,841,788 412,460,650 493,433,873 458,492,969 846,465,635 1,143,988,661 ( 744,742,407 ) 47,348,477 ( 168,585,278 ) ( 251,488,398 ) ( 510,501,207 ) 138,483,999 130 3190 91180 1811 1 15,007,809 6,843,113 3,648,499 1,631,608 1,018,435 1,866,154 15,007,809 10,478,572 3,212,123 734,970 547,035 35,109 - ( 3,635,459 ) 436,376 896,638 471,400 1,831,045

2011 ANNUAL REPORT B. 130 3190 91180 1811 1 250,728 26,051 11,039 21,982 24,266 167,390 194,982 65,861 59,140 50,956-19,025 55,746 ( 39,810 ) ( 48,101 ) ( 28,974 ) 24,266 148,365 C. 130 3190 91180 181 5,625,800 5,827,500 722,000 - - - 330,100-700,000 7,810,000 721,183 100,000 - - - 6,346,983 6,257,600 722,000 700,000 7,810,000 300,000 - - - - 14,873,786 3,463,048 15,054 - - - - - - 3,072,503 15,173,786 3,463,048 15,054-3,072,503 ( 8,826,803 ) 2,794,552 706,946 700,000 4,737,497 ( 8,826,803 ) ( 6,032,251 ) ( 5,325,305 ) ( 4,625,305 ) 112,192 125

126 / Financial Status 2. ( ) ( ) 1. 1 1 2 3 4 5 6 7 8 9 10 2 3 A 56,299,829 49.99 B 47,226,482 41.93 C 25,186,662 22.36 D 22,545,390 20.02 E 13.87 15,616,638 F 15,159,687 13.46 G H I J 10,208,077 9.06 9,275,350 8.24 9,043,560 8.03 7,879,968 7.00 1 1 2 3 4 5 6 7 8 9 10 2 3 A 575,000 18.71 B 500,000 16.27 C 500,000 16.27 D 463,500 15.09 E 460,000 14.97 F 400,000 13.02 G 311,000 10.12 H 301,000 I 300,000 J 300,000 9.80 9.76 9.76 1 2 3

2011 ANNUAL REPORT ( ) 1. 0.14 0.11 3.23 2.54 8.89 2. 2.56 2.56 2.56 2.56 116.90 3. 0.33 0.28 7.79 6.55 22.56 4. 0.80 0.75 5.58 5.27 57.34 5. ( 0.89 ) ( 0.88 ) ( 0.94 ) ( 0.93 ) ( 12.03 ) 1. 2. 3. 4. 5. 6. ( ) 61 1 127

128 / Financial Status ( ) $ 1,562,707 $ 2,468 6,482 119,216,256 200 439,467 2,281 279,929 11,431 119,935,652 2,433 61,981,985 121,518,822 26,447,153 26,329,417 18,363 125,846 26,465,516 94,830 61,981,985 148,068,915 ( 137,223 ) ( 19,887 ) 43,072 ( 114,038 ) $ 209,948,293 $ 209,948,293 $ 1,562,707 119,216,256 439,467 279,929 26,447,153 18,363 61,981,985 $ 209,948,293 1,507 200 726

2011 ANNUAL REPORT $ 3,864 26,741 19,497 53,794 23,089 19,405 770 147,160 16,182 1,353 47 1,480 12 71,959 45,882 29,869 15,016 25,301 28,572 48,710 284,383 ( 137,223 ) - ( $ 137,223 ) ( ) ( ) 1. 4,000,00051 2. $ 3,600,659 314,225 21,664,121 346 41,328 398,865 5,959,014 239,267 131,806 23,945,040 323,301 5,959,014 14,286,286 14,433,877 169,676 ( ) 1. 300,00051% 2. $ 88,165 15,129 2,982 933 9,014 1,463 21,748 78,840 824 129

130 / Financial Status 8% 8% 18.09% 1,582% IFRSs ( ) IFRSs 1. IFRS 1. IFRS 2. 3. 4. 2. IFRS

2011 ANNUAL REPORT 3. 1. 2. 4. 5. IFRS 6. ROC GAAPIFRS IFRS 7. IFRS 1 IFRS 1 1. 2. IFRS 1. IFRS1 IFRS1 2. IFRS 1011 3. IFRS IFRS 4. 5. 6. 1. 2. 1. 2. IFRS1IFRS 1011 1011 1011 1011 7. IFRS 1. IFRS 1011 2. IFRS1IFRS 1. IFRS 1 IFRS 1 1012 2. IFRS 1012 3. IFRS101.1.1 1. IFRS 2. 1013 4. 101IFRS IFRS101IFRS 1013 5. IFRS 1. 101IFRSROC GAAP 1016 2. IFRS 6. 10112 1. 1026 2. IFRS IFRS 10212 131

132 / Financial Status ( ) IFRSs IFRSs IFRSs IFRS IFRS IFRSs IFRSs IFRS ( ) IFRSs IFRSs IFRSs ( ) ( ) 1,524,390 ( ) 200 ( ) 20,000 ( ) 6 1 ( ) 647,363

2011 ANNUAL REPORT IFRS ( ) 1. 51% 2. 15 3. 153,000 ( ) ( ) 1. 2. 3. 4. 6. 7. 8. 9. 10. 11. 12. 13. ( ) ( ) 5. 133

134 / Financial Status ( ) ( ) $ 2,147,911 $ 25,635 $ 2,173,546 $ 2,160 $ 2,175,706 480,931 258,705 739,636 19,492 759,128 2,628,842 284,340 2,913,182 21,652 2,934,834 ( 484,113 ) ( 7,877 ) ( 491,990 ) ( 164 ) ( 492,154 ) ( 1,865,623 ) ( 86,179 ) ( 1,951,802 ) ( 231,416 ) ( 2,183,218 ) $ 279,106 $ 190,284 $ 469,390 ( $ 209,928 ) $ 259,462 100.00 100.00 100.00 100.00 90.02 100.00 100.00 51.00 51.00

2011 ANNUAL REPORT 1 2 3 5,938,646 559,361,799 1.06 3,809,341 64.14 4,654,754 640,044,757 0.73 9,714,695 208.70 4 2,117,495 565,760,152 0.37 3,816,603 180.24 - - - - - 5 197,625 14,029,563 1.41 318,638 161.23 6 936,856 169,083,531 0.55 1,076,417 114.90 140,308 9,369,517 1.50 207,704 148.03 13,985,684 1,957,649,319 0.71 18,943,398 135.45 1 2 3 15,473 2,399,981 0.64 120,982 781.89 7 8 8 9 9 87,708 5,871,098 1.49 122,870 140.09 8,487 84,117 45,019 85,925 1 0944000378 2 == 3 == 4 5 09440010950 6 7 0945000494 8 09510001270 9 09700318940 135

136 / Financial Status $ 40,485 $ 19,273 4,509 66,000 122,954,278 1,738 11,753 373 1,440 87,384 10 12,000,000 65,968,254 6,596,825 58,051,217 262,533 5,434,727 57,313 287,047 ( 7,136,010 ) 122,925,081 $ 123,012,465 $ 123,012,465

2011 ANNUAL REPORT $ 222,488 4,513 227,001 2,346 33,643 67 36,056 190,945-190,945 71,588 $ 262,533 $ 0.03 $ 0.03 0.01 0.01 $ 0.04 $ 0.04 $ 0.03 $ 0.03 0.01 0.01 $ 0.04 $ 0.04 137

138 / Financial Status 6,596,825 $ 65,968,254 $ 58,051,217 $ - $ 4,325,873 $ 146,348 $ 24,657 ($ 7,136,010 ) $121,380,339 - - - 262,533 - - - - 262,533 - - - - - ( 89,035 ) - - ( 89,035 ) - - - - - - 262,390-262,390 - - - - 1,108,854 - - - 1,108,854 6,596,825 $ 65,968,254 $ 58,051,217 $ 262,533 $ 5,434,727 $ 57,313 $ 287,047 ($ 7,136,010) $ 122,925,081

2011 ANNUAL REPORT $ 262,533 ( 71,588 ) ( 220,142 ) 198 ( 4,509 ) 19,273 373 ( 13,862 ) ( 11,951 ) ( 1,440 ) ( 13,391 ) 66,000 1,738 67,738 40,485 - $ 40,485 $ 1 139

140 / Financial Status $ 52,772,714 $ 227,844,743 577,231,935 4,218,801 17,160,870 43,492,636 19,351,808 43,038,175 1,938,497,764 2,213,417,495 47,021,325 90,080,000 8,712,829 2,391,743 3,202,912 12,952,325 47,951,934 5,562,592 35,386,491 2,642,998,510 3,831,442 4,509,079 60,854,930 20,647,756 25,427,015 5,434,727 57,313 210,852 112,632,593 $ 2,755,631,103 $ 2,755,631,103 $ 821,183 $ 300,000 12,153,554 18,342,262 8,844,185 44,611 151,611 1,117,067 15,381 19,803,940 709,477 2,904 178,148 2,547,270 461,761 63,472 3,072,503 $ 22,876,443 $ 22,876,443

2011 ANNUAL REPORT $ 2,662,348 $ 180,130 40,850 513 23,021 180,643 456,746 8,055 3,000,000 ( 2,346 ) 12,723 3,010,377 $ 3,191,020 $ 3,191,020 $ 63,066 $ 1,642,928 5,159,336 1,557 505,872 1,644,485 2,797 149 152,070 3,500,000 738,805 4,238,805 $ 5,883,290 $ 5,883,290 141

142 / Financial Status $ 24,688,950 8,874,282 33,563,232 ( 5,170,597 ) ( 19,381,915 ) $ 9,010,720 $ 7,571,015 $ 1.41 $ 1.19 $ 170,427 104,886 275,313 ( 4,472 ) ( 103,831 ) $ 167,010 $ 157,874 $ 0.66 $ 0.62 $ 20,647 ( 23,011 ) ( $ 2,364 ) ( $ 2,346 ) ( $ 0.01 ) ( $ 0.01 )

2011 ANNUAL REPORT $ 1,196,066 ( 1,011,756 ) $ 184,310 $ 145,356 $ 0.53 $ 0.42 $ 2,159,482 $ 9,658 $ 6,566 $ 2,175,706 647,016 9,905 102,207 759,128 2,806,498 19,563 108,773 2,934,834 ( 492,308 ) 154 - ( 492,154 ) ( 2,056,409 ) ( 9,431 ) ( 117,378 ) ( 2,183,218 ) 257,781 10,286 ( 8,605 ) 259,462 ( 68,266 ) - ( 1,936 ) ( 70,202 ) 189,515 10,286 ( 10,541 ) 189,260 - - 71,588 71,588 189,515 10,286 61,047 260,848 143

144 / Financial Status $ 122,925,081 $ 122,971,980 100 167,603,732 131,018,239 100 3,098,123 1,369,764 100 2,494,870 236,531 100 4,238,805 2,941,645 ( 142,544,185 ) ( 122,954,278 ) 157,816,426 135,583,881 116.40% 1. 2. $ 65,968,254 - - - 58,051,217 - - 262,533 5,779,087 - - 7,136,010 122,925,081

2011 ANNUAL REPORT 99,235,347 100,219,325 68,368,385 69,382,339 - - 167,603,732 169,601,664 1,569,701,294 1,571,938,427 - - 69,831 69,831 - - 52,217,558 54,508,321 - - 15,739,309 15,737,951 - - 1,637,727,992 1,642,254,530 10.23 10.33 6.06 6.10 4.17 4.23 - - 2.21 2.21 3.68 3.70 1 2 1. 2. 12.5 3. 4. 5. 6. 7. 8. 145

146 / Financial Status $ 119,986,455 97.61% 56,299,830 45.80% 40,366,823 32.84% 40,283,354 32.77% 35,892,559 29.20% 17,498,528 14.24% 16,817,022 13.68% 11,418,785 9.29% 10,441,477 8.49% 10,206,000 8.30% 10,000,000 8.14% 8,700,000 7.08% 8,571,621 6.97% 8,400,000 6.83% 7,731,003 6.29% 7,157,482 5.82% 6,976,620 5.68% 6,529,841 5.31% 5,696,527 4.63% 5,500,000 4.47% 5,302,356 4.31% 4,500,000 3.66% 4,473,441 3.64% 4,444,626 3.62% 4,300,605 3.50% 4,234,015 3.44% 4,182,356 3.40% 4,137,767 3.37% 4,086,011 3.32% 4,014,812 3.27% 3,969,862 3.23% 3,854,926 3.14% 3,593,341 2.92% 3,473,402 2.83% 3,349,846 2.73% 3,320,141 2.70% 3,272,504 2.66% 3,246,726 2.64%

2011 ANNUAL REPORT $ 3,126,500 2.54% 3,123,142 2.54% 3,120,934 2.54% 3,110,722 2.53% 3,092,897 2.52% 3,072,837 2.50% 3,025,246 2.46% 3,000,000 2.44% 4,543,116 3.70% 3,459,100 2.81% 22,637,627 18.42% 20,860,620 16.97% 19,792,117 16.10% 17,895,447 14.56% 17,551,168 14.28% 16,827,022 13.69% 15,466,333 12.58% 14,831,326 12.07% 14,588,248 11.87% 13,633,475 11.09% 13,530,970 11.01% 13,030,970 10.60% M.SETEK CO.,LTD. 12,544,044 10.20% 12,485,691 10.16% 12,348,620 10.05% AUO SUNPOWER SDN.BHD. 12,327,035 10.03% 11,872,910 9.66% 11,717,986 9.53% 11,689,785 9.51% 11,657,482 9.48% 11,141,621 9.06% 11,141,621 9.06% 10,204,348 8.30% 9,836,198 8.00% FORMOSA CHEMICALS INDUSTRIES (NINGBO) LIMITED 9,480,321 7.71% FORMOSA PS (NINGBO) LTD CO 9,268,291 7.54% 9,219,021 7.50% 9,000,255 7.32% 8,632,622 7.02% NAN YA PLASTICS (HONG KONG) CORP. LTD. 8,331,222 6.78% 8,190,000 6.66% 147

148 / Financial Status $ 7,786,345 6.33% 7,684,347 6.25% 7,684,347 6.25% 7,669,615 6.24% 7,547,566 6.14% 7,388,381 6.01% 7,247,425 5.90% 7,164,782 5.83% 7,038,977 5.73% 6,896,560 5.61% 6,778,695 5.51% 6,713,184 5.46% 6,530,038 5.31% 6,530,038 5.31% 6,196,527 5.04% 5,875,862 4.78% Formosa Plastics Corp USA 5,867,484 4.77% CAYMAN PRESIDENT HOLDINGS LTD. 5,669,787 4.61% ORIENTAL TEXTILE (HOLDING) LIMITED 5,605,106 4.56% 5,554,278 4.52% 5,554,278 4.52% NI-PRESIDENT SOUTHEAST ASIA HOLDINGS LTD 5,549,815 4.51% 5,504,666 4.48% 5,502,292 4.48% 5,421,456 4.41% 5,239,046 4.26% 5,197,024 4.23% 5,006,672 4.07% 4,920,852 4.00% 4,903,046 3.99% 4,853,777 3.95% 4,833,201 3.93% 4,722,345 3.84% 4,706,450 3.83% 4,674,201 3.80% 4,674,201 3.80% 4,651,287 3.78% Inteplast Group Ltd 4,641,639 3.78% 4,588,573 3.73% 4,552,441 3.70% 4,517,493 3.67% 4,517,493 3.67% 4,450,468 3.62% 4,268,471 3.47%

2011 ANNUAL REPORT $ 4,192,783 3.41% 4,190,926 3.41% QUANTA INTERNATIONAL LIMITED 4,115,731 3.35% 4,115,731 3.35% 3,910,384 3.18% 3,880,898 3.16% 3,820,396 3.11% TODAY'S III INC 3,803,784 3.09% 3,669,029 2.98% 3,625,886 2.95% 3,620,411 2.95% WALSIN LIHWA HOLDINGS LIMITED 3,560,858 2.90% WAN HAI LINE (SINGAPORE) PTE LTD 3,554,202 2.89% 3,548,075 2.89% 3,358,178 2.73% SMART IDEA HOLDINGS LIMITED 3,313,136 2.70% LITE-ON MOBILE PTE LTD. 3,286,458 2.67% 3,286,458 2.67% 3,133,732 2.55% 3,121,365 2.54% 3,113,886 2.53% 3,113,886 2.53% 3,034,393 2.47% () 50,000 $ 505,872 100.00 $ 505,872 883-3,789-3,804 149

150 / Financial Status 1 2 100.00 $112,632,593 $ 210,840 6,085,493 -- 6,085,493 100.00 3 100.00 3,010,377 ( 2,346 ) 300,000-300,000 100.00 3 100.00 3,072,503 8,550 254,727 -- 254,727 100.00 3 100.00 4,238,805 3,098 350,000 -- 350,000 100.00 3 1 2(1) (2) (3) 3 USD 154,395 ($4,674,308) 1 USD 44,972 ($1,361,527) 1 USD 109,423 ($3,312,781) 1 $ - USD 154,395 ($4,674,308) 1 100% $ 47,675 $ 4,723,368 $ - USD 154,395 ($ 4,674,308) 1 USD 159,611 ($ 4,832,223) 1 2 $ 67,680,692 1 260%

2011 ANNUAL REPORT () () 1 3 $ 340,763-2 3 340,763-1 3 119,656-3 3 119,656-1 1 114,174-4 2 114,174-1 1 4,494,563-5 2 4,494,563-1 1 380,434-5 2 380,434-1. 0 2. 1 1. 2. 3. 151

152 / Financial Status $ 29,137 $ 94,300 54,102 150,000 122,924,537 4,486 9,578 248,786 1,440 10 12,000,000 65,968,254 6,596,825 50,265,720 7,630,117 5,434,727 57,313 287,047 ( 6,873,170 ) 122,770,008 $ 123,018,794 $ 123,018,794

2011 ANNUAL REPORT $ 7,595,185 54,102 7,649,287 235,007 3,860 238,867 7,410,420-7,410,420 38,672 $ 7,449,092 $ 1.16 $ 1.16 0.01 0.01 $ 1.17 $ 1.17 $ 1.16 $ 1.16 0.01 0.01 $ 1.17 $ 1.17 1.93% 153

154 / Financial Status

2011 ANNUAL REPORT 0920123784 0920123784 155

156 / Financial Status 11000 $ 53,877,644 11500 574,368,770 12000 29,679,466 12500 1,935,573 13000 26,995,135 13500 1,943,410,065 14000 77,509,371 14500 8,716,618 15000 95,216 15500 55,285,573 18500 35,514,320 19000 3,861,989 19500 6,331,101 19999 $ 2,817,580,841

2011 ANNUAL REPORT 21000 $ 228,380,002 21600 879,696 22000 4,343,143 22500 61,834,898 23000 43,579,486 23500 2,212,171,884 24000 90,080,000 24400 970,000 25000 2,391,743 25500 18,905,335 29000 25,578,734 29500 5,372,278 29999 2,694,487,199 31001 1012,000,0006,596,825 65,968,254 31500 58,051,217 32000 262,533 32501 5,434,727 32521 57,313 32523 287,047 32542 206,739 ( 7,136,010 ) 32500 ( 1,356,923 ) 39000 122,925,081 39500 168,561 39999 123,093,642 $ 2,817,580,841 157

158 / Financial Status 41000 $ 4,121,168 51000 ( 1,913,769 ) 2,207,399 49800 409,478 49810 519,650 49820 134,003 49830 ( 12,427 ) 49850 3,572 49870 ( 17,064 ) 49880 ( 1,223 ) 49995 205,561 49999 53,304 1,294,854 3,502,253 51500 ( 492,154 ) 58600 ( 528,548 ) 58501 ( 1,197,981 ) 58503 ( 100,809 ) 58599 ( 923,299 ) 58500 ( 2,222,089 ) 61001 259,462 61003 ( 70,202 ) 61005 189,260 63000 71,588 69000 $ 260,848 69901 $ 262,533 69903 ( 1,685 ) 69900 $ 260,848

2011 ANNUAL REPORT 70000 $ 0.03 $ 0.03 0.01 0.01 $ 0.04 $ 0.04 71000 $ 0.03 $ 0.03 0.01 0.01 $ 0.04 $ 0.04 101424 159

160 / Financial Conditions and Operating Results Financial Conditions and Operating Results 161 161 161 161 161 162 181 181 100 101

2011 ANNUAL REPORT 10012 76 1001277 5.17% 39.01% 41.84% () 40,485 (235,648) 236,605 41,442 - - 3,395240,000 100 101 1. 100121 2. 100122 161

162 / Financial Conditions and Operating Results 3. 1014351% 100121100 100122 10112 101 1. (1) (2) (3)

2011 ANNUAL REPORT 2. 163

164 / Financial Conditions and Operating Results 1. 1 A. B. 2 A. B. C. D. 3 A. B. 4 A. B.

2011 ANNUAL REPORT 1 2 3 4 1 2 3 4 165

166 / Financial Conditions and Operating Results 2. 1 A. B. C. D. E. F. G. 2 : A. () B. () C. () 3 A. B.

2011 ANNUAL REPORT C. D. E. 4 A. B. C. D. 1 2 3 4 1 2 167

168 / Financial Conditions and Operating Results 3 4 3. 1 2 A. B. 3

2011 ANNUAL REPORT 4 A. (LDC)(RCSA)(KRI) B. C. D. E. 1 2 1 2 3 4 169

170 / Financial Conditions and Operating Results 1 2 3 () 4 4. 1 A. B. C. D. 2

2011 ANNUAL REPORT 3 4 A. B. 1 2 3 4 1 2 3 4 171

172 / Financial Conditions and Operating Results Cross Currency Swap(FX Swap) 1 2 3 4 5 6 5. 1 1001231 101331 562,498,685 32,314 620,048,294 18,470 106,830,346 1,709,286 108,005,394 1,728,086 127,249,270 3,757,282 119,067,023 3,755,924 984,154,891 68,487,283 980,143,905 68,908,050 375,265,985 24,081,786 372,291,364 23,842,905 556,588,685 21,932,506 550,444,811 22,082,335 5,608,028 1,601,930 5,455,995 1,568,830 94,153,873 3,973,718 98,078,633 4,132,432 2,812,349,763 125,576,105 2,853,535,419 126,037,032 101331

2011 ANNUAL REPORT 2 1001231 118,484 4,739 0 0 94,112 94,112 63,282 42,950 275,878 141,801 101331 118,484 4,739 0 0 0 0 136,656 136,656 255,140 141,395 101331 173

174 / Financial Conditions and Operating Results 3 1001231 101331 1,107,629 1,725,835 2,510 34,884 149,006 159,161 0 0 1,259,145 1,919,879 101331 4 1001231 98 29,721,291 99 29,369,309 100 31,128,021 90,218,621 4,177,405 101331 98 29,721,291 99 29,369,309 100 31,128,021 90,218,621 4,177,405 101331