JF ( JF ) JF ( JF ) 3~4 ( ) ( ) ( ) ( ) 12 13 14 15 ( ) ( h t t p :// m o p s. t w s e. c o m. t w ( h t t p :// w w w. j p m r i c h. c o m. t w ) ( )
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JF ( JF ) 3 3 6 ( ) ( ) ( ) 7 8 ( ) ( ) ( ) ( ) ( ) 14 15 16 ( ) ( ) ( ) ( ) 18 ( ) ( ) ( ) ( ) ( ) ( ) 19 ( ) ( ) ( ) ( ) 23 25 44 53 1
53 55 63 63 83 83 84 87 87 88 89 92 2
3 JF ( JF ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1. 2. ( 1 ) ( ) ( ) ( 2 ) ( )
(3) 3. 2. 4. 1 2 5. 1 (1) % ( (2) % ( (3) % ( (4) % ( ( ) 1. J F 2. J F 3. J F J F ( ) ( ) 4
( ) 89 9 3 8 9 12 ( ) ( ) 1. 2. ( 1 ) ( ) ( 2 ) ( 3 ) ( 4 ) ( ) 300 0 0 1.5% 0 1% 0 0.5% 0 1.5% 300 ( ) 500 0 1.0% 500 ( ) 0 0.8% 5
( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 2009 4 1 4 7 ( 0. 1 %) ( ) ( ) ( 1. 2 %) ( ) ( 0. 1 2 % ) ( ) ( ) JF ( JF ) ( ) ( ) 8 9 7 2 7 ( ) 6 5557 ( ) ( ) 6
( ) 1. ( ) 2. ( ) 1. 2. 3. 4. 5. 6. 7. ( ) ( ) 1. 2. 7
3. 4. 5. (1) A. B. C. D. ( 2 ) (3) 6. 7. ( ) ( ) ( ) 1. 2. 8
( 1 ) ( ( ) ( 2 ) ( ) (3) 3. 2. 4. 1 2 5. 1 (1) % ( (2) % ( (3) % ( (4) % ( 6. (1) J F (2) J F (3) J F J F 9
10 ( ) 7. ( ) ( ) ( ) 1. (1) ( ) (2) ( ) ( ) (3) ( ) (4) ( ) 2. 2011~ JF 2008/12~ JF 2008~ JF 2003~
2005~ 2007~2008 JF 2000~2003 JF 1999~2001 1988~1998 J F JF 2011~ 2000~2011 State University of New York at Buffalo, MBA 2011~ 2008~ 2006~ 2009~ JF JF JF 2010.04~2011.05 JF 2008~2009 JF 2008~2009 2002~2006 2000~2002 1997~2000 J F J 2011~ 3. ( 1 ) ( 2 ) 11
( 3 ) ( ) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 12
7. 12. 15. 18. ( ) 1. ( 1 ) ( 2 ) A. B. C. D. ( 3 ) ( 4 ) ( 5 ) 2. 13
( 1 ) (2) ( 3 ) ( 4 ) ( ( 5 ) ( ) 1. ( 1 ) ( 2 ) 2. ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 2 ) ( 3 ) ( ) ( ) ( ) ( ) 14
( ) 1. 2. ( ) ( ) 1. 2. 3. 4. ( ) ( ) 15
( ) 1. 2. 3. 4. 5. (1) 4 (2) ( ) 1. ( 1 ) (2) (3) A. ( ) B. ( 4 ) ( 5 ) 16
( 5-1 ) ( 6 ) 2. ( ) ( ) 1. 300 0 2. ( ) 1. 2. 0 1.5% 0 1% 0 0.5% 0 1.5% 300 ( ) 500 0 1.0% 500 ( ) 0 0.8% ( 1 ) 17
( 2 ) ( ) ( ) ( ) 1. 2. 3. ( ) 1. ( ) 2. ( ( ) 1 ) 3. ( ( ) 2 ) 4. 5. 6. 18
7. 8. 9. 6 ( ) ( ) 1. ( 1 ) ( 2 ) 2. ( ) ( ) ( ) 1. 2. (1) (2) (3) ( ) ( ) ( ) ( ) ( ) 1. 19
(1) (2) (3) 2. ( 1 ) (2) ( 3 ) ( ) 3. 4. ( ) 1. ( 1 ) ( 1. 2 %) ( 2 ) ( 0. 1 2 % ) ( 3 ) ( 1 ) ( 2 ) 2. ( 1 ) ( 2 ) (3) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( ) 3. J F 20
( ) 81. 04. 23 ( 81 ) 91. 11. 27 ( 91 ) 98. 10. 28 ( 98 ) 1. (1) (2) 2. ( 1 ) ( 2 ) ( 1. 2 %) ( 0. 12 %) 2% ( ) 0.1% (1) (2) ( ) 21
(3) 3. 4. ( 1 ) 10% ( 2 ) 10% ( 3 ) 10% (4) ( 5 ) 5. ( 1 ) ( 2 ) ( 3 ) 27 ( 4 ) ( ) 1. ( 1 ) (2) (3) (4) (5) ( 6 ) 22
(7) 2. ( 1 ) ( 2 ) ( 3 ) ( ) 3. (1) (2) (3) ( ) ( ) 1. ( 1 ) (2) ( 3 ) ( ) 2. ( 1 ) (2) (3) (4) (5) ( 6 ) 3. (1) 23
(2) (3) (4) (5) (6) (7) (8) ( 9 ) 4. ( 1 ) (2) (3) ( ) 1. 2. (1).......... ( 2 ) ( 3 ) 3. ( ( ) 1 ) 24
( ) 1. JF 100 12 31 ( ) (%) $ 1,602.243 41.40 50.358 1.30 $ 1,652.601 42.70 1,850.961 47.83 $ 1,850.961 47.83 103.057 2.66 88.000 2.27 132.734 3.43 ( ) 43.018 1.11 ( ) $ 3,870.371 100.00 25
2. JF 100 12 31 ( ( ) ( ) ) (%) TPK Hldgs Co 1,453.000 28.05 40.757 1.05 1,430.000 38.00 54.340 1.40 399.000 115.50 46.085 1.19 1,382.500 28.80 39.816 1.03 619.200 65.50 40.558 1.05 2,243.432 100.00 224.343 5.80 272.000 277.50 75.480 1.95 122.750 497.00 61.007 1.58 1,168.000 44.85 52.385 1.35 2,139.674 94.40 201.985 5.22 163.100 394.50 64.343 1.66 3,536.000 56.90 201.198 5.20 1,437.000 39.40 56.618 1.46 1,879.000 41.30 77.603 2.01 1% 26
3. JF 100 12 31 (%) (%) 50 0.32 0.035 (%) 50 2,096,000,000.000 NT$ 49.8100 2,069,000.000 2.66 T+2 27
4. JF 100 12 31 ( ) (%) 41.250 1.07 137.830 3.56 100 5 201.647 5.21 100 9 99.674 2.58 96 5 201.318 5.20 97 407.079 10.52 97 2 152.837 3.95 97 151.973 3.93 00 1A 100.314 2.59 00 3 100.481 2.60 97 1 105.896 2.74 1% 28
( ) 100 12 31 1. ( ) JF ( JF ) 2. 3. 91 92 93 94 95 96 97 98 99 100 % 7.99 13.76 12.24 4.85 14.32 11.52-21.21 28.64 4.87-3.41 4. ( ) % -0.78-5.52-3.41 30.31 14.49 89.23 103.80 ( ) (89 9 28 ) ( ) 96 97 98 99 100 1.78% 1.81% 1.73% 1.74% 1.76% ( ) 29
( ) 1. JF JF J F J F 0930128050 0920123784 30
2. JF % % ( 1,847,449,380 2,430,244,918 ) ( ) $2,192,161,164 46.14 $3,010,177,289 47.99 ( 166,770,908 363,532,975 ) ( ) 250,963,046 5.28 412,366,273 6.57 ( 1,922,459,168 2,548,353,774 ) ( ) 1,976,107,400 41.60 2,585,324,520 41.21 ( ) 100,108,740 2.11 ( ) 109,955,126 2.31 179,880,567 2.87 ( ) 94,324,906 1.99 75,435,744 1.20 ( ) 77,222,950 1.63 33,377,537 0.53 ( ) 5,970,411 0.13 29,331,641 0.47 1,780,775 0.04 2,143,661 0.04 ( ) 13,955,407 0.29 20,172,148 0.32 4,822,549,925 101.52 6,348,209,380 101.20 ( ) 58,207,432 1.23 56,620,193 0.90 6,881,606 0.15 9,030,719 0.15 ( ) 4,914,702 0.10 6,515,763 0.11 1,395,453 0.03 2,017,215 0.03 ( ) 491,467 0.01 651,577 0.01 ( ) 96,605 192,941 71,987,265 1.52 75,028,408 1.20 $4,750,562,660 100.00 $ 6,273,180,972 100.00 225,186,302.5 311,853,710.7 $ 21.10 $ 20.12 31
3. JF 99 12 98 12 99 12 98 12 99 12 31 98 12 31 31313131 $ 14,620,436 $ 0.01 0.31 14,359,000 0.01 0.23 14,620,436 14,359,000 0.31 0.23 15,728,900 0.10 0.33 5,698,350 0.03 0.12 90,078,552 0.06 1.44 21,427,250 90,078,552 0.45 1.44 88,085,400 62,113,000 0.02 0.02 1.85 0.99 51,675,000 30,015,800 0.01 0.01 1.09 0.48 31,275,000 0.16 0.66 15,994,000 40,810,000 0.01 0.34 0.65 14,623,400 0.03 0.31 6,292,000 0.03 0.13 207,944,800 132,938,800 4.38 2.12 15,504,000 0.15 0.33 14,940,800 0.06 0.31 14,240,000 0.10 0.30 13,796,448 50,746,925 0.13 0.55 0.29 0.81 13,202,250 0.04 0.28 12,350,000 37,560,000 0.01 0.02 0.26 0.60 84,033,498 88,306,925 1.77 1.41 60,869,527 68,565,666 0.47 0.49 1.28 1.09 22,584,700 31,278,400 0.40 0.61 0.48 0.50 10,599,152 54,358,361 0.53 1.88 0.22 0.87 35,188,776 0.67 0.56 18,882,655 0.23 0.30 94,053,379 208,273,858 1.98 3.32 21,208,000 0.22 0.45 60,000,000 43,500,000 0.21 0.21 1.26 0.69 32,415,532 11,238,716 0.10 0.04 0.68 0.18 32
99 12 98 12 99 12 98 12 99 12 31 98 12 31 31313131 $ 25,070,000 $ 52,440,000 0.02 0.05 0.53 0.84 5,640,000 0.02 0.12 123,125,532 107,178,716 2.59 1.71 11,726,100 0.22 0.25 8,610,000 0.18 0.18 20,336,100 0.43 5,477,500 0.06 0.12 29,815,000 63,881,664 0.01 0.01 0.63 1.02 34,786,300 0.11 0.55 29,815,000 98,667,964 0.63 1.57 3,375,000 0.01 0.07 15,950,000 0.04 0.34 7,603,500 0.05 0.16 23,553,500 0.50 56,455,224 90,244,788 0.01 1.19 1.44 30,948,750 0.02 0.65 KY 23,323,000 0.02 0.49 19,701,000 45,710,400 0.04 0.12 0.41 0.73 18,468,000 101,844,150 0.05 0.22 0.39 1.63 16,700,000 29,574,000 0.35 0.47 15,928,850 0.26 0.33 14,820,000 0.07 0.31 14,644,800 0.15 0.31 14,615,000 0.04 0.31 13,585,000 0.15 0.29 5,880,000 0.03 0.12 3,617,600 0.02 0.08 97,263,000 0.15 1.55 77,970,000 0.35 1.24 62,939,800 1.08 1.00 51,615,000 0.22 0.82 51,030,000 0.11 0.81 248,687,224 608,191,138 5.23 9.69 26,869,000 0.02 0.57 33
99 12 98 12 99 12 98 12 99 12 31 98 12 31 31313131 $ 19,219,862 $ 46,929,246 0.01 0.02 0.40 0.75 13,282,500 0.03 0.28 5,614,067 32,065,050 0.02 0.12 0.51 41,440,000 0.38 0.66 64,985,429 120,434,296 1.37 1.92 26,361,000 37,325,600 0.01 0.01 0.55 0.60 23,867,000 19,753,320 0.02 0.03 0.50 0.31 TPK Hldgs Co 14,740,000 0.01 0.31 10,005,000 0.07 0.21 116,390,400 0.65 1.86 65,400,000 0.07 1.04 56,520,000 0.21 0.90 46,725,595 0.20 0.74 14,920,000 0.22 0.24 74,973,000 357,034,915 1.57 5.69 160,096,088 123,081,462 0.02 0.02 3.37 1.96 79,502,469 71,175,811 0.03 0.03 1.67 1.13 42,893,000 34,968,700 0.29 0.29 0.90 0.56 18,188,300 0.13 0.38 15,912,000 0.13 0.34 6,487,200 0.06 0.14 897,000 0.06 0.02 12,075,000 0.06 0.19 323,976,057 241,300,973 6.82 3.84 34,937,000 116,375,000 0.05 0.15 0.73 1.86 23,572,000 55,364,480 0.03 0.08 0.50 0.88 20,858,100 30,600,150 0.21 0.27 0.44 0.49 19,863,210 0.14 0.42 11,682,000 0.10 0.24 100,000 110,912,310 202,439,630 2.33 3.23 24,345,563 29,678,400 0.52 0.69 0.51 0.47 17,576,000 22,984,000 0.35 0.35 0.37 0.37 43,309,125 0.27 0.69 17,576,000 66,293,125 0.37 1.06 34
99 12 98 12 99 12 98 12 99 12 31 98 12 31 31313131 $ 23,852,500 $ 111,094,950 0.01 0.50 1.77 5,400,000 0.05 0.09 23,852,500 116,494,950 0.50 1.86 51,705,867 44,932,800 0.22 0.23 1.09 0.72 23,925,000 0.08 0.50 75,630,867 44,932,800 1.59 0.72 30,948,200 0.10 0.65 30,451,500 19,756,487 0.03 0.04 0.64 0.31 25,686,400 0.02 0.54 22,392,450 27,508,600 0.04 0.08 0.47 0.44 14,520,500 0.02 0.31 7,344,000 0.04 0.15 131,343,050 47,265,087 2.76 0.75 KY 25,198,000 0.07 0.53 24,318,859 27,679,960 0.25 0.37 0.51 0.44 49,516,859 27,679,960 1.04 0.44 54,559,200 0.03 1.15 51,886,640 93,416,100 0.02 0.03 1.09 1.49 49,880,160 108,415,200 0.01 0.02 1.05 1.73 26,251,500 0.09 0.55 17,980,710 0.01 0.38 14,314,050 0.03 0.30 13,243,600 0.12 0.28 5,715,000 0.02 0.12 233,830,860 201,831,300 4.92 3.22 10,760,000 0.01 0.23 438,750 29,360,000 0.07 0.01 0.47 11,198,750 29,360,000 0.24 0.47 51,834,000 55,005,600 0.23 0.26 1.09 0.88 51,157,200 53,593,300 0.64 0.56 1.08 0.85 25,471,800 17,675,400 0.64 0.64 0.54 0.28 20,571,300 51,162,600 0.05 0.16 0.43 0.82 3,328,400 0.03 0.07 152,362,700 177,436,900 3.21 2.83 35
99 12 98 12 99 12 98 12 99 12 31 98 12 31 31313131 $ 2,192,161,164 $ 3,010,177,289 46.14 47.99 30,128,546 22,222,363 2.17 2.17 0.63 0.35 9,774,000 0.11 0.21 15,880,200 30,257,000 0.73 2.33 0.33 0.48 93,255,800 54,883,850 0.48 0.57 1.96 0.87 19,067,200 0.10 0.40 112,323,000 54,883,850 2.36 0.87 23,821,200 0.16 0.50 20,372,000 0.06 0.43 1,204,000 0.02 0.03 36,180,000 0.10 0.58 45,397,200 36,180,000 0.96 0.58 11,288,100 79,905,800 0.02 0.10 0.24 1.27 43,647,900 0.26 0.70 11,288,100 123,553,700 0.24 1.97 6,840,000 0.13 0.14 21,410,453 0.54 0.34 6,840,000 21,410,453 0.14 0.34 8,370,000 68,265,907 0.05 0.26 0.18 1.09 10,962,000 55,593,000 0.14 0.67 0.23 0.89 250,963,046 412,366,273 5.28 6.57 2,443,124,210 3,422,543,562 51.42 54.56 137,480,000 137,970,000 1.17 1.17 2.89 2.20 79,336,500 79,680,000 4.66 5.33 1.67 1.27 71,500,000 56,100,000 0.83 0.83 1.51 0.89 34,725,000 0.60 0.73 29,715,400 63,960,000 0.24 0.50 0.63 1.02 36
99 12 98 12 99 12 98 12 99 12 31 98 12 31 31313131 $ 21,580,000 $ 1.00 0.45 10,000,000 4.00 0.21 24,400,000 1.00 0.39 19,260,000 0.50 0.31 10,480,000 0.40 0.17 10,000,000 0.25 0.16 7,874,000 0.41 0.13 384,336,900 409,724,000 8.09 6.54 97 2 207,082,800 205,293,600 3.64 3.64 4.36 3.27 97205,762,400 255,823,000 3.33 4.17 4.33 4.08 97 1 106,656,900 102,951,100 0.50 0.50 2.25 1.64 97 2 101,445,400 101,867,600 1.47 1.47 2.14 1.62 95 5 100,845,000 101,611,900 1.67 1.67 2.12 1.62 90 2A06 50,438,800 101,902,000 16.67 33.33 1.06 1.62 94 1B01 201,355,200 40.00 3.21 772,231,300 1,070,804,400 16.26 17.06 93 6 120,055,920 5.45 1.91 97-4 411,303,600 571,223,400 0.67 0.92 8.66 9.11 96-5 408,235,600 413,516,800 0.80 0.80 8.59 6.59 819,539,200 984,740,200 17.25 15.70 1,976,107,400 2,585,324,520 41.60 41.21 4,419,231,610 6,007,868,082 93.02 95.77 100,108,740 2.11 109,955,126 179,880,567 2.31 2.87 94,324,906 75,435,744 1.99 1.20 26,942,278 9,996,579 0.57 0.16 $ 4,750,562,660 $ 6,273,180,972 100.00 100.00 0.01% 37
4. JF % % $ 6,273,180,972 132.05 $ 4,633,269,782 73.86 ( ) 89,461,547 1.89 87,696,766 1.40 43,798,849 0.92 48,978,063 0.78 41,214 10,724 133,301,610 2.81 136,685,553 2.18 ( ) 62,124,112 1.31 69,139,959 1.10 ( ) 6,212,417 0.13 6,913,999 0.11 ( ) 4,377,021 0.09 5,014,226 0.08 163,341 0.01 250,253 0.01 72,876,891 1.54 81,318,437 1.30 60,424,719 1.27 55,367,116 0.88 1,108,764,373 23.34 2,867,713,326 45.71 ( 2,833,809,540) ( 59.65) ( 2,633,352,883) ( 41.98) ( ) 325,186,397 6.85 227,590,518 3.63 ( ) ( ) ( 183,184,261) ( 3.86) 1,122,593,113 17.90 $ 4,750,562,660 100.00 $ 6,273,180,972 100.00 38
5. JF ( ) J F ( ) ( ) ( ) ( ) ( ) 10 b p s ( ) 1 0 b p s ( ) 39
( ) 1. ( ) (1) ( 2 ) ( 3 ) 2. ( ) ( ) ( 1 ) 2 0 b p s ( ) 20 b p s 20 b p s (2) 40
0910455815 0.52% 100,153,666 0.46%-0.52% 0.23% $ 93,844,906 $ 44,818,744 480,000 617,000 0.3% 30,000,000 $ 94,324,906 $ 75,435,744 (1.2%) (0.12%) ( ) ( ) ( ) 41
( ) $ 62,124,112 $ 69,139,959 $ 166,973 $ 647,727 $ 4,914,702 $ 6,515,763 $ 96,605 $ 192,941 ( ) 1,605,200 5, 970, 411 29,331,641 35, 840 1, 643, 248 ( ) 1. 2. 3. ( ) ( ) 42
( ) JF ( ) ( ) ) (%) 99 CSFB 637,972 637,972 651 CLSA 525,719 525,719 631 476,713 38,980 515,693 1,068 Citigroup 510,416 510,416 429 Merrill Lync 435,284 435,284 469 100 1~12 339,452 564,171 4,538 908,161 1,316 Citigroup 720,657 3,692 724,349 556 UBS 591,998 25,354 617,352 586 194,472 403,855 598,327 233 562,886 562,886 675 ( ) ( ) 43
3 ( ) ( ) ( ) 1. 2. 3. 4. 5. 6. 7. ( 1 ) (2) ( 3 ) ( 4 ) (5) ( 6 ) ( 7 ) 8. 44
45 16~18 3 17~18 ( ) ( ) ( ) J F JF ( ) ( ) ( ) 1. 2. 3. 4. 5. 6. 7. ( ) 20~22 19~23 ( ) ( ) ( ) ( )
46 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
47 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1. (1) (2) (3) (4) 2. 3. ( ) ( ) ( ) ( )
48 ( ) ( ) ( ) ( ) ( ) 8~10 15 18~19 ( ) ( ) 1. 2. 3. ( ) 1. 2. ( ) ( ) 1. 2. 3. 4.
( ) ( ) ( ) ( ) ( ) 1. 2. 3. 4. ( ) ( ) ( ) ( ) ( ) 1. 2. 3. 4. 5. 6. ( ) 7. 8. 49
50 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1. 2. 3. 4. 5. ( ) ( ) ( ) ( ) ( ) ( ) ( ) 22~23
( ) ( ) 1. 2. 3. 4. 5. 6. ( ) 1. 2. 3. 4. 5. 6. 7. 8. 9. ( ) 1. 2. (1).......... ( 2 ) ( 3 ) ( ) 1. 51
2. 3. ( ) ( ) 52
( ) ( ) 100 12 31 81.9 10 30,000,000 300,000,000 30,000,000 300,000,000 ( ) 1. 2. 3. ( ) 1. 2. 100 12 31 96 04 03 1,100,209,907 96 08 20 JF 1,193,685,644 97 01 25 2,393,479,284 97 06 25 97 09 22 97 09 22 98 08 26 98 12 01 99 02 02 JF 2,196,817,878 JF JF1,721,077,177 JF JF 549,174,569 G2 1,219,619,842 JF 5,230,967,965 JF 1,973,974,039 99 07 20 2,579,182,162 99 12 20 2,931,092,273 100 04 27 100 04 27 100 04 27 100 09 29 100 09 29 1,902,230,377 2,873,731,062 1,720,282,984 971,319,149 2,361,125,118 3. (1)85.11.23. 1,500,000 53
(2)86.04.17. 7, 5 0 0, 0 0 0 (3)86.06.11. 7, 2 0 0, 0 0 0 (4)86.06.11. 875, 000 (5)87.03.25 (6)87.04.23 (7)87.06.05 (8)87.06.10 (9)87.06.12 (10)87.09.30 (11)89.08.24 (12)89.08.25 (13)89.09.13 (14)90.05.30 (15)90.05.30 (16)90.05.30 (17)90.05.30 3, 0 0 0, 0 0 0 1, 5 0 0, 0 0 0 13 2 4 0, 0 0 0 3 40, 000 15, 000 3, 000, 000 23, 370, 000 1, 500, 000 3,600,000 1, 000 JF ASEAN MANAGEMENT LIMITED 1, 000 JF UNIT TRUST MANAGEMENT LIMITED 7, 000 JF INVESTOR SERVICES LIMITED 1, 000 JFIM (KOREA) LIMITED 54
(18)90.05.30 (19)90.05.30 (20)91.05.06 (21)94.05.05 (22)98.01.16 10, 000 JF ASSET MANAGEMENT INTERNAT I O N A L LIMITED 10, 000 JF ASSET MANAGEMENT LIMITED JF UNIT TRUST MANAGEMENT L I M I T E D 1, 000 J F ASSET MANAGEMENT INTERNATIONAL LIMITED JF Funds Limited JF Asset Management Limited 10,000 JF Asset Management International Limited 11,000 JFIM (KOREA) Limited 1,000 JF Investor Services Limited 7,000 JF Asean Management Limited 1,000 JPMorgan Funds (Asia) Limited JPMorgan Asset Management (Asia) Inc. 4. ( ) 1. 2. 100 12 31 0 0 0 1 0 1 0 0 0 30,000 0 30,000 % 0 0 0 100 0 100 100 12 31 JPMorgan Asset Management (Asia) Inc. 30,000 100% 55
56 ( ) 1. 100 12 31 (9 ) (6 ) (14 ) (4 ) (12 ) (9 ) (84 ) (3 ) (33 ) (4 ) (4 ) (5 ) (17 ) (10 ) (2 )
2. ( 1 ) (2) (3) (4) (5) (6) (7) (8) (9) (10) ( 11 ) ( 1 2 ) (13) (14) ( 1 5 ) 57
( ) ( ) 100 12 31 ( ) (%) 99/01/25 EMBA 96/02/01 98/02/01 94/02/01 99/02/01 New Jersey Institute of Technology, Engineering Management 58
( ) (%) 99/02/01 96/02/01 100/02/01 100/03/01 100/03/01 99/07/01 ( ) 98/02/01 59
( ) (%) 99/07/01 The University of Buckingham, Economics 95/02/01 The University of California, Computer Science 96/02/01 99/08/01 99/03/01 San Francisco State University, MBA 100/01/18 The University of Westminster, Marketing Management ( ) 100/11/01 ( ) 60
( ) (%) 100/11/1 ( ) 100/11/01 ( ) 61
( ) ( ) 100 12 31 62
( ) ( ) ( ) 100 12 31 JPMorgan Asset Management (Asia) Inc. JF Asset Management Limited JPMorgan Funds (Asia) Limited 5% ( ) 100 12 31 ( ) ( ) ( ) JF 82.03.04 126,478.6 1,013,812 8.02 JF 83.04.07 77,673.2 2,213,564 28.50 JF 84.01.21 78,382.3 1,067,133 13.61 JF 84.03.23 169,027.5 4,890,674 28.93 JF 84.06.15 646,736.4 10,284,386 15.9020 JF 84.10.18 199,688.3 6,450,622 32.30 JF 85.10.15 497,809.9 7,297,045 14.6583 JF 86.01.29 482,067.9 8,674,643 17.99 JF 86.09.08 169,271.3 2,904,502 17.16 87.06.01 269,035.9 2,840,723 10.56 JF 87.08.19 126,326.5 2,097,877 16.61 JF 88.10.20 68,807.9 801,114 11.64 89.06.08 159,961.8 524,208 3.28 JF 89.09.28 189,915.7 3,870,370 20.38 JF 92.07.07 206,761.4 2,257,722 10.9195 92.12.09 198,060.7 2,930,208 14.7945 JF 93.03.10 67,222.8 1,050,270 15.62 93.11.12 136,027.6 1,411,349 10.38 JF 94.05.23 73,471.7 764,445 10.4046 94.12.22 32,107.6 332,554 10.3575 94.12.22 19,833.4 198,899 10.0285 JF 95.04.04 163,619.7 1,106,567 6.76 35 95.07.25 687,110.2 6,911.059 10.06 96.04.03 155,228.5 1,100,209 7.09 JF 96.08.20 160,539.0 1,193,685 7.44 97.01.25 333,824.0 2,393,479 7.17 JF 97.06.25 224,472.8 2,196,817 9.79 JF JF 97.09.22 140,544.7 1,721,077 12.25 JF JF 97.09.22 48,985.2 549,174 11.21 G2 98.08.26 150,284.5 1,219,619 8.12 JF 98.12.01 689,618.9 5,230,967 7.59 JF 99.02.02 190,458.6 1,973,974 10.36 99.07.20 290,158.8 2,579,182 8.89 99.12.20 293,388.9 2,931,092 9.9905 100.04.27 246,885.1 1,902,230 7.70 63
( ) 100.04.27 286,129.1 2,873,731 10.0435 100.04.27 175,713.1 1,720,282 9.7903 100.09.29 95,944.5 971,319 10.1238 100.09.29 234,407.0 2,361,125 10.0728 64
( ) 99 98 (100) 10003736 99 98 1 2 3 1 99 98 1 1 12 3 1 99 98 1 2 3 1 99 98 1 1 12 3 1 100 3 22 65
99 98 12 31 99 12 31 98 12 31 % % ( ) $1,868,360,999 74 $1,288,462,402 67 ( ) 184,122,251 7 175,099,641 9 8,095,174 1 8,533,930 1 ( ) - - 493,416-2,060,578,424 82 1,472,589,389 77 ( ) 7,000,000-7,000,000 - ( ) 567,100,736 22 555,496,437 29 ( 340,983,396) (13) ( 315,628,870) (16) 226,117,340 9 239,867,567 13 ( ) 50,000,000 2 50,000,000 2 32,745,344 1 18,570,348 1 ( ) 121,914,187 5 110,386,460 6 ( ) 28,055,934 1 21,856,689 1 232,715,465 9 200,813,497 10 $2,526,411,229 100 $1,920,270,453 100 $ 1,060,203 - $ 871,209 - ( ) 344,634,671 14 303,712,906 16 ( ) 103,955,295 4 67,097,158 4 ( ) 751,748 - - - 4,068,864-3,795,888-454,470,781 18 375,477,161 20 196,245,025 8 196,245,025 10 ( ) 121,914,187 5 110,386,460 6 ( ) 1,609,620-1,309,204-774,239,613 31 683,417,850 36 10 30,000,000 300,000,000 12 300,000,000 16 ( ) 1,718,278 - - - 231,445,322 9 202,118,733 10 ( ) 58,653,177 2 - - ( ) 1,160,354,839 46 734,733,870 38 1,752,171,616 69 1,236,852,603 64 ( ) $2,526,411,229 100 $1,920,270,453 100 66
99 98 1 1 12 31 99 98 % % $1,780,168,216 93 $1,460,300,419 95 132,199,674 7 80,233,817 5 1,912,367,890 100 1,540,534,236 100 (1,280,903,424)( 67) (1,131,274,108)( 74) 631,464,466 33 409,260,128 26 1,155,701-1,842,462-2,983,345-4,770,364-4,731,333-14,997,004 1 12,688 - - - 7,113,805 1 6,013,547 1 15,996,872 1 27,623,377 2 - - ( 643,338) - - - ( 643,338) - 647,461,338 34 436,240,167 28 ( 133,860,603)( 7) ( 142,974,282)( 9) $ 513,600,735 27 $ 293,265,885 19 $ 21.58 $ 17.12 $ 14.54 $ 9.78 67
99 98 1 1 12 31 98 98 1 1$ 300,000,000 $ - $ 174,832,471 $ - $ 468,754,247 $ 943,586,718 - - 27,286,262 - ( 27,286,262) - 98 - - - - 293,265,885 293,265,885 98 12 31 $ 300,000,000 - $ 202,118,733 $ - $ 734,733,870 $1,236,852,603 99 99 1 1$ 300,000,000 - $ 202,118,733 $ - $ 734,733,870 $1,236,852,603-1,718,278 - - - 1,718,278 - - 29,326,589 - ( 29,326,589) - - - - 58,653,177 ( 58,653,177) - 99 - - - - 513,600,735 513,600,735 99 12 31 $ 300,000,000 $ 1,718,278 $ 231,445,322 $ 58,653,177 $1,160,354,839 $1,752,171,616 68
99 98 1 1 12 31 99 98 $ 513,600,735 $ 293,265,885 35,559,199 56,365,733 ( 12,688) 643,338 1,718,278 - ( 9,022,610) ( 71,077,662) 438,756 1,207,762 ( 11,527,727) ( 14,184,885) ( 5,705,829) 8,495,032 751,748 ( 301,575) 188,994 ( 439,075) 40,921,765 54,497,615 36,858,137 ( 26,120,741) 272,976 745,866 11,527,727 14,184,885 300,416 ( 164,480) 615,869,877 317,117,698 ( 21,843,495) ( 12,344,371) 47,211 90,300 ( 14,174,996) ( 15,101,916) - 25,000,000 ( 35,971,280) ( 52,355,987) 579,898,597 264,761,711 1,288,462,402 1,023,700,691 $ 1,868,360,999 $ 1,288,462,402 $ 101,956,547 $ 160,901,566 69
99 98 12 31 81 9 2 6 98 7 9 0980030573 99 1 2 3 1 30, 000, 000 10 99 12 31 209 ( ) 1. ( 1 ) (2) (3) ( 4 ) 2. (1) (2) (3) (4) ( ) 1. 2. ( ) ( ) 1. 2. ( ) 70
( ) 1. 2. 3. 4. 90 55 5 10 3 10 ( ) 87 3 8 % 87 3 1 2. 3 %( 9 4 5 2 %) 10 % 4 % ( ) ( ) ( ) 88 7 1 4 3 % ( ) 0 920003199 92 7 1 ( ) JPMorgan Chase & Co. JPMorgan Chase & Co. ( ) 1. 87 ( ) 10 % 2. 95 3. 71
( ) 39 ( 96 ) 052 ( ) ( ) ( ) JPMorgan Chase & Co. ( ) ( ) JF Asset Management Limited ( ) ( ) ( ) ( ) 1. 99 98 (%) (%) $ 85,181,888 4 $ 36,291,146 2 72
2. JF Asset 99 98 (%) (%) Management Limited $ 41,476,088 2 $ - - 3. 99 98 (%) (%) $ 1,322,829 8 $ - - 4. JF Asset 99 98 (%) (%) Management Limited $144,909,425 11 $121,496,997 11 98,851,981 8 72,484,236 6 $243,761,406 19 $193,981,233 17 5. 99 98 (%) (%) $ 312,840 - $ 312,840-15. 8 6. 99 98 (%) (%) $ - - $ 1,019,533-7. 99 98 (%) (%) $115,158,997 9 $130,424,881 12 41,211-29,715 - $115,200,208 9 $130,454,596 12 73
8. 99 12 31 98 12 31 (%) (%) $ 26,565,000 14 $ 14,528,967 8 9. JF Asset 99 12 31 98 12 31 (%) (%) Management Limited $ 5,692,482 3 $ - - 10. 9 9 0.10%~ $1,400,000,000 $1,400,000,000 0.25% $ 816,977 $ 37,784 9 8 0.06%~ $1,000,000,000 $1,000,000,000 0.20% $ 876,380 $ 35,660 11. JF Asset 99 12 31 98 12 31 (%) (%) Management Limited $ 10,288,831 3 $ 10,370,347 4 9,145,280 3 10,300,131 3 $ 19,434,111 6 $ 20,670,478 7 12. 99 12 31 98 12 31 (%) (%) $ 30,000,000 9 $ 36,000,000 13 13. 99 12 31 98 12 31 (%) (%) JPMorgan Chase & Co. $ 40,943,960 12 $ - - 74
99 12 31 98 12 31 $ 40,000 $ 70,000 89,819,931 25,007,414 308,501,068 193,384,988 1,470,000,000 1,070,000,000 $1,868,360,999 $1,288,462,402 99 98 1 2 3 1 0. 10 % ~ 0. 25 % 0.06%~0.20% 99 12 31 98 12 31 $ 152,001,037 $ 157,376,314 31,927,843 17,487,060 54,667 46,932 138,704 189,335 $ 184,122,251 $ 175,099,641 99 12 31 98 12 31 $7,000,000 0.34% $7,000,000 0.35% 99 12 31 98 12 31 $ 113,739,584 $ 113,739,584 78,779,788 78,779,788 57,651,678 52,686,364 249,941,212 242,986,415 1,411,944 2,975,069 64,903,060 64,329,217 673,470-567,100,736 555,496,437 ( 340,983,396) ( 315,628,870) $ 226,117,340 $ 239,867,567 $ 25, 000, 000 98 $ 25, 000, 000 99 98 1 2 31 $ 50, 000, 000 $ 50, 000, 000 0.14%~0.21% 0.14% 75
1. 2. 99 1 2 3 1 65,149 US$28.18 3. 99 $ 65, 576, 671 $ 40, 943, 960 99 1 2 3 1 $ 1, 718, 278 1. 99 98 1 2 3 1 ( ) ( ) ( 99 12 31 98 12 31 ) ($4,422,045) ($ 751,748) $ 2,467,078 $ 493,416 99 12 31 98 12 31 $ 1,801,323 $ 306,225 ($ 2,671,645)($ 534,329) 121,914,187 20,725,412 110,386,460 22,077,292 40,943,960 6,960,473 - - 196,245,025 33,361,654 196,245,025 39,249,005 375,438 63,824 1,568,628 313,726 $361,279,933 61,417,588 $305,528,468 61,105,694 ( 33,361,654) ( 39,249,005) $ 28,055,934 $ 21,856,689 2. 99 98 99 98 $ 133,860,603 $ 142,974,282 8,306,598 7,787,822 ( 3,352,517) ( 15,981,279) 78,954 ( 7,794,458) ( 34,938,343) ( 59,889,209) $ 103,955,295 $ 67,097,158 3. 99 12 31 98 12 31 $ 386,782,229 $ 221,766,754 99 98 (%) 37.11 39.52 76
99 1 2 3 1 10% 4. 99 12 31 98 12 31 87 $1,160,354,839 $ 734,733,870 5. 96 97 1. 94 7 1 6 15 ( ) 15 4 2 % 99 9 8 $2,322,053 $2,332,883 2. 94 7 1 6 % 99 98 $ 8, 914, 552 $8,100,687 1. 10 % 2. 50 % 3. ( ) 94 6 3 0 0940002859 93 ( ) 20 % 20 % 100 % ( ) 77
4. 97 1 11 0960071550 5. 6. 99 6 1 8 98 6 1 8 98 9 7 98 97 98 97 $ 29,326,589 $ 27,286,262 $ - $ - 58,653,177 - - - $ 87,979,766 $ 27,286,262 $ - $ - 98 9 7 $ 205, 286 $245,576 7. 87 ( ) 10 % 99 98 $ 499,061,206 $ 408,631,505 439,416,769 344,700,637 16,495,829 14,283,068 11,423,062 10,585,380 31,725,546 39,062,420 35,559,199 56,365,733 ( ) JF 82 03 04 1.20% JF 83 04 07 1.20% JF 84 01 21 1.50% JF 84 03 23 1.50% JF 84 06 15 0.15% ( JF ) JF 84 10 18 1.75% JF 85 10 15 0.08% ( JF ) JF 86 01 29 1.75% JF 86 09 08 1.75% 87 06 01 1.75% JF 87 08 19 1.60% JF 88 10 20 1.60% 89 06 08 1.80% JF 89 09 28 1.20% 78
91 05 31 1.80% ( 99 9 13 ) JF 92 07 07 0.50% 92 12 09 1.50% JF 93 03 10 1.60% 93 11 12 1.75% JF 94 05 23 1.50% 94 12 22 0.90% ( ) JF 95 04 04 2.00% 35 95 07 25 2.00% 96 02 13 0.15% 96 04 03 1.65% JF 96 08 20 1.50% 97 01 25 2.00% JF 97 06 25 2.00% JF 97 09 22 1.80% JF 97 09 22 1.50% G2 98 08 26 1.80% JF 98 12 01 1.80% JF 99 02 02 1.60% 99 07 20 2.00% 99 12 20 1.00% 1. JF Asset Management Limited 35 G 2 ( ) 2. 94 1 1 ( ) 3. 93 50 % ( ) 4. 95 79
( ) 5. 99 JF Asset Management Limited JF Taiwan Fund ( ) 102 11 3 0 $29,387,576 ( ) 1. 99 9 8 99 12 31 $2,174,397,437 $ - $2,174,397,437 50,000,000-50,000,000 32,745,344-32,745,344 575,633,220-575,633,220 98 12 31 $1,573,948,503 $ - $1,573,948,503 50,000,000-50,000,000 18,570,348-18,570,348 485,863,621-485,863,621 ( 1 ) 80
( 2 ) (3) 2. 3. (1) (2) (3) (4) 99 9 8 81
99 99 1. 99 12 31 2. 3. 4. 5. 99 1 2 3 1 ( ) ( ) 100% 100% - 100% 100% - 100% 100% - 99 9998 (%) 33% 26% 27% 99 82
( ) 50 % ( ) 50 % 99 6 18 (1) 0990028024 (2) 12 50 (3) (4) 83
65 17 (02) 2755-8686 1125 10 A (03) 262-2888 386 25 1 (04) 2258-8128 6 26 2 (07) 335-1799 307 17 1 (06) 241-0888 ( ) 285 25 (02) 2252-2665 71 17 (02) 2755-8989 3 (02) 2722-2002 38 (02) 2371-3111 30 (02) 2559-7171 7 1 (02) 8722-6666 117 (02) 2719-1313 77 (02) 2311-8811 30 (02) 2348-1111 38 (04) 2222-2001 36 (02) 2506-3333 100 (02) 2563-3156 44 (02) 2568-3988 2 (02) 2581-7111 207 (02) 2378-6868 246 2 (02) 2752-5252 120 (02) 2349-3456 46 (02) 2348-3456 506 (06) 214-1271 11 (02) 2962-9170 87 (04) 2223-6021 225 (02) 2820-8166 168 (07) 557-0535 32-1 (04) 2221-1186 66 26 27 (02) 2389-5858 28 30 66 1 3(02) 2380-1888 5 8 68 1 2 158 1(02) 2718-9999 156 2 10 1 (02) 2561-5888 327 (07) 287-1101 101 4 (02) 8789-8888 209 1 3 (02) 2325-5818 20 2 3 (02) 2321-8200 698 3 700 3 (02) 2181-8888 84
111 3 (02) 2504-8888 7 51 (02) 2545-9988 2 8 (02) 8161-5000 225 11 13 (02) 2718-1234 14 55 (02) 2321-4311 ( ) 1 1 2 12 13 (02) 8726-9600 14 15 16 333 10 12 (02) 8722-5000 106 (03) 524-3151 ( ) 333 13 14 (02) 2723-0088 52 2~6 (02) 2716-1167 ( ) 7 28 (02) 8101-0598 39 1 2 (02) 8023-9077 2 137 3 (02) 2504-4066 65 17 (02) 2755-8686 1125 10 A (03) 262-2888 386 25 1 (04) 2258-8128 6 26 2 (07) 335-1799 285 25 (02) 2252-2665 307 17 1 (06) 241-0888 71 17 (02) 2755-8989 ( ) ( ) ( ) ( ) 38 (04) 2222-2001 36 (02) 2506-3333 101 4 (02) 8789-8888 209 1 3 (02) 2325-5818 111 3 (02) 2504-8888 698 3 700 3 (02) 2181-8888 ( ) 20 2 3 (02) 2321-8200 J F ( J F ) J F ( JF ) 85
86
87
88 100 3 23 ( ) ( ) 1. 2. 3. 4. 5. ( ) ( ) 3 0
( ) 1. ( ( ) ) 2. ( ) 1. ( ( ) ) 2. ( ) ( ) 1. (1) (2) ( 3 ) (4) (5) (6) (7) (8) (9) ( 1 0 ) 2. ( ) 1. 2. 3. 4. (1) JPMorgan Asset Management (Asia) Inc JPMorgan Asset Management (Asia) Inc JPMorgan Asset Management (Asia) Inc JPMorgan Asset Management (Asia) Inc (2) (3) 5. 89
( ) 1. 2. ( 1 ) ( 2 ) (3) ( ) 3. 4. ( ) 100 1 2 3 1 9. 5 2.5 ( ) 1. 2. 3. 4. 5. 6. 7. 8. / 9. 10. ( ) ( ) ( ) 1. 2. 3. ( ) 1. 2. 3 1 90
( ) ( ) ( ) 91
92 JF J F ( ) ( ) ( ) ( ) ( )
93 JF ( ) ( ) J F ( ) ( ) ( )
94 JF ( ) ( ) ( ) ( ) " "
95 JF J F J F ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
96 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
JF ( ) ( ) ( ) ( ) ( ) ( ) ( 1 ) ( 1 ) ( 2 ) ( 2 ) ( 3 ) ( 3 ) ( 4 ) ( 4 ) 97
98 JF ( ) ( ) ( ) ( )
JF ( ) ( 1 ) ( ) ( ) ( 2 ) ( ) ( 3 ) ( ) ( ) ( ) ( ) 99
100 JF ( ) ( ) ( ) 1. % ( ) 2. % ( ) 3. % ( ) 4. % ( )
101 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
102 JF ( )
103 JF ( 1. 2 % ) ( 0. 1 2 % ) ( ) ( % ) ( % ) ( )
104 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
105 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
106 JF ( )
107 JF ( ) ( ) ( ) ( )
JF JF 96 4 ( ) 0960013605 30 95 1 2 14 0950150873 108
109 97 JF (, ) (, ) ( ) ( ) ( ) 1. 2.
110 ( ) ( ) ( ) ( ) ( ) ( ) 3.
111 ( ) ( ) ( ) ( ) ( ) ( ) 1. 2. 3.
( ) ( ) ( ) ( ) 112
100 JF ( ( ) ) ( ) ( )100 J F J F 9 3 0 ( ) ( ) 1000047239 ( ) ( ) ( ) ( ) ) 100 9 3 0 J F J F 1000047239 100 9 3 0 1000047239 ( 100 J F 9 3 0 J F 1 0 0 0 0 4 7 2 3 9 113
100 9 3 0 1000047239 J F J F J F JF 114
115