3264 233668 http://mops.tse.com.tw
03-597-6688 adam.lou@ardentec.com.tw 03-597-6688 wh.tseng@ardentec.com.tw / 3 03-597-6688 24 4 03-597-6688 24 2 03-597-6688 1 83 5 http//www.chinatrust.com.tw 02-2361-3033 1 333 27 http//www.pwcglobal.com.tw 02-2729-6666 http//www.ardentec.com.tw
...1...5...5...7...17...23...24...24...25...26...27...27...31...36...36...37...37...38...38...38...39...39...41...42...43...74...104...105...105...106...107...108...108
...109...111...112...112...113...113...114...114...114...114...115...115...116...116...116...116...117...118...118...118
() 2004 2005 2005 2005 2004 2004 7% 2005 2004 18 % 2004 4 % 2.62 2006 4 2005 18 93 94 2005 Technology Fast 50 Taiwan 2006 2005 2006 1
() 94 94 % 2,493,365 2,461,667 101.29 % (1,472,472) (1,419,364) 103.74 % 1,020,893 1,042,303 97.95 % (127,675) (130,528) 97.81 % 893,218 911,775 97.96 % (27,915) (66,401) 42.04 % 865,303 845,374 102.36 % 801,937 772,933 103.75 % () 94 3,249,561 4,514,287 7,040,660 64.12 % 122.50 % 176.65 % 35.88 % LCD IC 94 2,493,365 1,020,893 865,303 801,937 93 () 88 DDR SDRAM Low Power SRAM Wafer Level Burn-In 90 Mixed Signal SoC SoC Flash SRAMA/DD/A PLL 92 LCD Driver IC 93 IT Known Good Die (KGD)System in a Package (SiP)Wafer Level Packaging(WLP) 2
() 1 Known Good Die(KGD) 2 (LCD Driver) IC 3 12 4 CIMERP B2B () 95 95 () 1 (1) (2) 12 (3) Post-Bumping IC (Flip Chip) 2 (1) IC (2) IC IC (3) IC (4) (Turnkey) 12 3
() () 1 2 () 4
() () 88 10 1,754,670,000 88 12 89 2 89 5 ISO 9002 89 8 250,000,000 2,004,670,000 90 4 90 5 90 11 31,670,000 2,036,340,000 91 2 91 8 QS 9000 92 4 92 4 14 (92) 0920109253 92 9 250,000,000 2,286,340,000 93 3 300,000,000 2,586,340,000 93 9 158,387,780 2,744,727,780 93 11 93 3 295,000 2,745,022,780 94 1 88,888,890 2,833,911,670 94 3 93 4 14,080,000 2,847,991,670 94 5 94 1 6,045,000 2,854,036,670 5
94 8 340,653,620 94 2 1,565,000 3,196,255,290 94 10 1 800,000,000 94 11 94 3 1,672,500 3,197,927,790 95 2 94 4 16,237,500 1 35,396,000 3,249,561,290 95 3 95 4 20 95 6 95 1 13,900,000 1 39,320,520 3,302,781,810 ( ) 95 2 (95 4 23 ) 8,680,000 1 131,169,030 3,442,630,840 6
() 1 2 7
() 1 (1) 95 4 23 () 88.10.01 94.6.3 3 3,616,300 1.27 % 3,664,459 1.06 % 211,566 0.06% () () () () 88.10.01 94.6.3 3 26,077,282 9.13 % 28,679,983 8.33 % () () () () 88.10.01 94.6.3 3 15,085,438 5.28 % 16,591,073 4.82 % () EiC Enterprises Ltd. Innocomm Technology Ltd. 91.06.28 94.6.3 3 () () () HOUSTON 93.5.14 94.6.3 3 45,839 0.01% () Board Director, Malaysia Industrial Gases Corp. 94.6.3 94.6.3 3 2,447,746 0.86 % 2,797,671 0.81 % 55,763 0.02 % AT&T / / 94.6.3 94.6.3 3 1,880,585 0.66 % 1,753,705 0.51 % Valucom Investment Inc. () Valutek,Inc. 88.10.01 94.6.3 3 17,826,912 6.24 % 18,287,301 5.31 % DUKE () LEHIEH () 93.5.14 94.6.3 3 () () () 88.10.01 94.6.3 3 1,010,219 0.35 % 593,046 0.17 % () 88.10.01 94.6.3 3 106,575 0.04 % 117,211 0.03 % 8
9 (2) ( ) (3) ( ) MegaChips Corporation () ( ) SBL/PB
(4) () 1 2 3 4 5 6 7 (1) (2) (3) (4) (5) (6) ( ) ( (7) 10
2 95 4 23 () () () 88/10/11 3,664,459 1.06 % 211,566 0.06% () () 92/1/23 2,797,671 0.81 % 55,763 0.02 % AT&T / / Valutek,Inc. 94/2/1 1,753,705 0.51 % Valucom Investment Inc. () / Valutek,Inc. Dow Chemical / Valucom Investment Inc. () 94/2/21 984,204 0.29 % 124,666 0.04 % / / 88/9/20 691,750 0.20 % 219,540 0.06 % 94/2/21 240,488 0.07 % / 94/2/21 453,331 0.13 % 140,000 0.04 % 94/9/1 94/9/1 299,481 0.09 % 68,071 0.02 % 93/3/1 78,356 0.02 % / 93/2/1 156,078 0.05 % 11
3 (1) 94 12 31 () (1) 170 19,306 19,476 2.43 % (1) 1 94 6 2 94 93 3 94 21,652,300 94 2,000,000 3 2,000,000 ()5,000,000 5 5,000,000 ()10,000,000 1 10,000,000 ()50,000,000 50,000,000 9 12
(2) 94 12 31 (%) 105 8,500 8,605 1.07 % (1) 1 93 5 2 94 93 3 94 21,652,300 94 2,000,000 2 2,000,000 5,000,000 3 5,000,000 10,000,000 10,000,000 50,000,000 50,000,000 5 13
(3) 94 12 31 (2) (%) (1) () () 18,085 4,637 905,000 28.34 25,648 48,370 6.03 % 62 900 1 1,000 2 3 94 93 4 94 42,455,490 44,153,710 94 2,000,000 2,000,000 5,000,000 5,000,000 10,000,000 2 10,000,000 50,000,000 3 50,000,000 5 14
(4) 94 12 31 () (%) 1,105 28.34 31,316 5,605 36,921 4.60 % 1 94 93 2 94 42,455,490 44,153,710 4 (1) 94 93 2.43 % 0.61 % 1.07 % 0.28 % 6.03 % 6.43 % (2) a b 15
() (1) 95 94 4 23 () () () () (150,841) 199,000 2,602,701 1,505,635 348,425 1,500 (72,880) (54,000) 779,389 (319,000) (39,173) (378,000) () 10,636 44,769 (70,000) (28,887) (305,568) (350,000) () (292,049) 127,500 95.3.1 (2) (3) 16
() 9412 31 () 100.00% 100.00% Valutek, Inc. 3,670 100.00% 3,670 100.00% Valucom Investment,Inc. 26 100.00% 26 100.00% () 1 / () 88/10 10 300,000 3,000,000 175,467 1,754,670 89/08 11 300,000 3,000,000 200,467 2,004,670 (1) 90/11 10 300,000 3,000,000 203,634 2,036,340 31,670 (2) 300,000 91/8 10 330,000 3,300,000 203,634 2,036,340 330,000 30,000 92/9 10 330,000 3,300,000 228,634 2,286,340 (3) 93/3 17 330,000 3,300,000 258,634 2,586,340 (4) 93/9 10 330,000 3,300,000 274,473 2,744,728 158,388 (5) 93/11 10 330,000 3,300,000 274,502 2,745,023 295 (6) 94/1 16 330,000 3,300,000 283,391 2,833,912 88,889 (7) 94/3 10 330,000 3,300,000 284,799 2,847,992 14,080 (6) 94/5 10 330,000 3,300,000 285,404 2,854,037 6,045 (6) 17
/ () 1,565 94/8 10 380,000 3,800,000 319,626 3,196,255 340,653 (68) 94/11 10 380,000 3,800,000 319,793 3,197,928 1,673 (6) 16,237 95/2 10 380,000 3,800,000 324,956 3,249,561 35,396 (6910) 13,900 95/6 10 380,000 3,800,000 330,278 3,302,782 39,321 ( ) (6910) 8,680 95/6 10 380,000 3,800,000 344,263 3,442,631 131,169 ( ) 189.8.31 (089) 131204 290.11.20 (090) 09001455410 3 92.6.17 0920126559 4 93.1.6 0920162055 5 93.6.3 0930124608 6 92.4.14 0920109253 793.11.19 0930152452 894.6.24 09401253210 992.10.13 092014773 1094.9.27 0940141656 2 95 4 23 344,263,084 35,736,916 380,000,000 () 30,000,000 () 95 4 23 1 13 126 9,344 19 9,503 1,826,000 52,055,386 148,529,037 108,534,345 33,318,316 344,263,084 0.53 % 15.12 % 43.14 % 31.53 % 9.68 % 100.00 % 18
() 95 4 23 10 1 999 888 256,352 0.07 % 1,000 5,000 5,918 13,868,998 4.03 % 5,001 10,000 1,290 11,319,913 3.29 % 10,001 15,000 252 3,370,361 0.98 % 15,001 20,000 329 6,380,648 1.85 % 20,001 30,000 222 6,013,588 1.75 % 30,001 40,000 111 4,119,594 1.20 % 40,001 50,000 99 4,788,129 1.39 % 50,001 100,000 156 11,765,857 3.42 % 100,001 200,000 80 11,485,959 3.34 % 200,001 400,000 46 13,598,005 3.95 % 400,001 600,000 29 15,108,632 4.39 % 600,001 800,000 19 13,377,557 3.88 % 800,001 1,000,000 10 9,217,049 2.68 % 1,000,001 54 219,592,442 63.78 % 9,503 344,263,084 100.00 % () 95 4 23 28,679,983 8.33 % 18,287,301 5.31 % 17,398,786 5.05 % 16,591,073 4.82 % 12,741,714 3.70 % 10,544,979 3.06 % 8,000,851 2.32 % () 6,255,358 1.82 % 5,612,000 1.63 % 4,800,000 1.39 % 19
() 95 93 94 3 31 (1) 33.2 35.2 33.2 14.1 26.0 12.6 21.5 30.5 19.2 13.27 13.89 14.79 (2) 12.57 (9) ( ) 292,924 317,419 345,179 3.00 2.62 0.81 (3) 2.68 (9) ( ) 0.499 (9) 0.998 (9) (4) (5) 7.33 (6) (9) (7) (9) 1 2 3 4 5 6 7 8 ( ) 994 95 () 1 20
2 94 257,075,011 267,358,020 42,455,490 44,153,710 21,652,300 31,151,173 95 4 27 () 95 ( ) 3,249,561 ( ) 0.75(1) 0.078(1) () () ( ) () ( ) (2) ( ) ( ) (2) ( ) 194 95 2 95 21
() 1 35 () 2 (1) 95 4 27 94 42,455,490 44,153,710 21,652,300 (2) 94 44,153,710 311,511,730 14.17 % (3) 94 801,937,039 42,455,490 44,153,710 21,652,300 2.185 3 (93 ) 93 (1) 27,806 A 5,561 B 55,613 C 2.04% ( ) 27,807 (2) ( ) 3.00 2.56 93 () 22
() 954 23 ( ) 94 10 21 0 % 5 99 10 20 254,400 / / / ( ) 545,600 ( / / / ) 254,400 26.5 9,600 2.78 % 23
() 94 94 95 3 31 124 132 95.3 111.5 104.20 121.35 26.5 26.5 ( ) 94 10 21 26.5 24
() 95 4 23 91 1 1 91 1 2 92 1 92.4.14 92.4.14 92.10.13 91.09.27 92.03.04 92.12.19 7 7 5 ( ) 6,942 643 8,500 2.02 % 0.19 % 2.47 % 2 2 50%( ) 2 50%( ) (%) 3 75%( ) 3 100%( ) 4 100%( ) 3,091,250 328,750 2,827,500 30,912,500 3,287,500 28,275,000 ( ) 2,400 176.25 4,532 10 10 10 0.70 % 0.05 % 1.32 % (%) 91 92 2 1 1,000 2 10 % 1 % 3 95 4 23 344,263,084 25
() 95 4 23 (1) (2) (1) () (1) () (2) (2) 1,197 0.35 % 262 10 2,620 0.08 % 935 10 9,350 0.27 % 2,474 0.72 % 773 10 7,730 0.23 % 1,701 10 17,010 0.49 % 1 1,000 2 95 4 23 344,263,084 26
() 1 (1) (2) (3) (4) (5) (6) ( ) 2 94 2,177,015 87.31 % 132,841 5.33 % 183,509 7.36 % 2,493,365 100.00 % 3 ( ) (1) IC (2) IC IC (3) (Burn-in) (4) (Repair Trimming) (5)SoC Embedded IC (6) IC (7) IC 4 ( ) (1) (2)Flip Chip Post-Bumping (3) IC (4)IC (MCP) (5) (Turnkey Service) 27
() 1 2006 2005 IT 2005 2006 2005 2007 (SIA) 2006 7.9 % 2,450 2006 IC IC ITIS 2006 IC 15.9 % 1.29 IC (1) DVD ipod MP3 (2) 2005 2.5G 3G 17 % 寛 25% 2006 1 (3) 2003 8.1 % 2004 2009 9% isuppli 2006 7.4 % ITIS 2006 19.1 % 28
IC IC ITIS 2006 IC 12.3 % 2006 IC 2 IC IC IC IC IC ( ) IT IS IC IC IC IC IC IC 3 (1) IC (ITRSInternational Technology Roadmap for Semiconductor) (Tester) (1) (High Pin-Count)(2) (High Frequency)(3) (Timing Accuracy)(4) (5) (High Parallelism) (6) (Prober) (Handler) (Interfacibility) (Tester) 29
(2) (Embedded) (SoCSystem-on-Chip) (3) 4 2002 2006 IC turnkey service IC IC 2002 2004 2005 IT () 1 95 94 3 31 46,313 17,821 2,493,365 821,109 1.86 % 2.17 % 30
2 94 1 IC 212 3 IC 41T-SRAM 516-bit mixed signal microcontroller 95 1RFID 2 () 1 (Wafer Sort) 2 3 90 93 IC 4 IDM Hub 5 ( IC ) () 1 ( ) ( ) 92 93 94 773,355 1,213,682 1,153,446 536,551 904,869 1,339,919 1,309,906 2,118,551 2,493,365 2 31 88 10 IC
92 93 94 13.1 21.1 24.9 409 577 675 3.20 % 3.66 % 3.69 % TSIA 3 2005 2006 4 IT 5 (1) a (IDM) b IC In-House c IC IDM IC d IC (2) IC 32
(3) a b IC IC c IC IC IC IC IC d 12 () 1 IC IC IC 33
2 1 100%( / ) 2 Assembly Map () IC ( ) 34
() () 1 IC 2 93 94 (%) (%) 1 A 664,128 31 % A1,119,916 45 % 2 B 261,352 12 % D 387,126 15 % 3 C 231,075 11 % A A 89 A 93 2003 Supplier Excellence Award A 93 94 B B Flash B 93 94 C C 90 C 92 93 94 C A C C 94 A D D IC () 35
() / 93 94 293 1,069,272 488 824,891 346 949,441 400 1,227,574 40,035 118,375 1,440 3,750 57,082 127,438 1,701 5,403 26,035 76,228 76,567 106,942 1,213,682 904,869 1,153,446 1,339,919 94 93 94 95 4 30 205 230 301 48 67 90 242 289 359 495 586 750 30.0 31.0 30.7 1.89 2.50 2.16 0.81 % 0.51 % 0.40 % 5.66 % 6.49 % 5.33 % 60.81 % 58.87 % 61.47 % (%) 31.31 % 32.08 % 30.53 % 1.41 % 2.05 % 2.27 % () 1 2 93 8 ISO14001 () (RoHS) IC ( ) RoHS 36
() 1 (1) (2) (3) 2 3 4 5 6 () ( Texas Instruments 90.9.1 95.09.01 Test Service Agreement 95.1.1 95.12.31 () 89.9.1 95.1.1 95.12.31 89.10.16 96.10.15 90.11.20 98.3.27 91.10.31 96.10.15 92.1.29 97.1.29 95.4.4 101.4.3 37
()94 1 1 (1) 800,000 (2) 1 8,000 100,000 5 0 % 800,000 (3) 94 9 27 0940141656 (4) 94 95 95 3 800,000 258,054 190,609 202,399 148,938 (5) 94 5,640 5,640 17,298 6,919 2,595 95 119,932 119,932 366,100 146,440 128,135 96 141,175 141,175 418,934 159,195 139,975 97 141,175 141,175 397,987 143,275 123,094 98 141,175 141,175 378,088 128,550 107,360 99 141,175 141,175 359,184 114,939 92,689 100 141,175 141,175 341,225 102,367 79,005 831,447 831,447 2,278,816 801,685 672,853 95.3.31 448,663 800,000 56.08 % (%) 100.00% 95 1 38
() 1 (1) 90 91 92 93 94 95 3 31 (2) 356,397 489,993 987,173 1,453,856 2,005,527 1,778,885 193,343 59,883 61,790 29,024 40,780 40,780 2,518,021 2,848,171 3,184,321 3,888,528 4,807,220 5,349,381 1,375 4,289 775 475 175 100 109,371 155,185 163,769 131,813 186,958 181,029 257,446 284,646 569,600 644,586 1,135,319 1,257,868 257,446 284,646 576,234 842,719 ( ) ( ) 1,050,000 1,525,535 1,466,000 1,066,500 1,374,700 1,190,000 684 4,043 7,133 13,399 16,354 16,805 1,308,130 1,814,224 2,042,733 1,724,485 2,526,373 2,426,673 1,308,130 1,814,224 2,049,367 1,922,618 ( ) ( ) 2,036,340 2,036,340 2,286,340 2,847,992 3,249,561 3,302,782 25,000 263,333 323,174 388,054 (206,600) (175,689) 184,307 791,687 1,054,837 1,307,951 (206,600) (175,689) 19,285 252,900 ( ) ( ) 15,637 14,476 11,220 2,971 13,487 13,487 3,178,507 3,557,521 4,397,828 5,503,696 7,040,660 7,350,175 1,870,377 1,743,297 2,355,095 3,779,211 4,514,287 4,885,502 1,870,377 1,743,297 2,348,461 3,581,078 ( ) ( ) 190 94 295 3 31 39
2 (1) 95 3 31 90 91 92 93 94 (2) 418,703 700,063 1,309,906 2,118,551 2,493,365 821,109 () (101,340) 74,545 433,898 960,424 1,020,893 365,311 (175,949) (7,012) 330,791 841,269 893,218 326,370 82,371 51,105 56,826 51,588 51,414 14,265 116,880 99,353 108,606 127,199 79,329 19,297 (216,253) (55,260) 279,011 765,658 865,303 321,338 (216,416) 6,191 360,045 772,402 801,937 257,675 (4,561) (216,416) 6,191 360,045 772,402 801,937 253,114 (0.89) 0.03 1.50 2.68 2.62 0.81 190 94 295 3 31 3 90 91 92 93 94 40
1 2 53% 4 5 6 (1) 95 3 31 90 91 92 93 94 (2) 41.16 51.00 46.45 31.33 35.88 33.53 (%) 115.98 114.77 120.00 124.62 122.50 113.57 138.44 172.14 173.31 225.55 176.65 141.42 134.02 164.54 167.81 214.65 166.50 133.53 (%) 0.34 3.90 10.08 14.30 23.61 () 4.26 5.36 5.04 5.71 4.74 5.14 86 68 72 64 77 71 () () 0.19 0.26 0.43 0.60 0.57 0.65 () 0.14 0.21 0.33 0.43 0.40 0.46 (%) (5.88) 2.67 11.44 17.28 13.74 14.70 (%) (10.95) 0.34 17.57 25.18 19.34 21.54 (8.64) (0.34) 14.47 29.54 27.49 9.88 (%) (10.62) (2.71) 12.20 26.88 26.63 9.73 ()(%) (51.69) 0.88 27.49 36.46 32.16 30.83 () (1.06) 0.03 1.78 3.00 2.62 0.81 (%) 64.27 37.37 103.00 210.54 128.63 42.83 (%) 4.02 6.15 18.23 56.91 68.07 68.03 (%) 5.13 2.77 12.31 21.28 16.16 8.55 3.05 2.00 2.15 2.05 1.40 1.11 1.08 1.05 ( 20% ) 3 17.7% 4 7 190 94 295 3 31 41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
94 1 1 94 12 31 74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
(1) (2) (3) (4) (6) (7) (9) (10) (11) 94 12 31 93 12 31 % 2,005,527 1,453,856 551,671 38 40,780 29,024 11,756 41 4,807,220 3,888,528 918,692 24 175 475 (300) (63) 186,958 131,813 55,145 42 7,040,660 5,503,696 1,536,964 28 1,135,319 644,586 490,733 76 1,374,700 1,066,500 308,200 29 16,354 13,399 2,955 22 2,526,373 1,724,485 801,888 47 3,249,561 2,847,992 401,569 14 323,174 263,333 59,841 23 1,054,837 791,687 263,150 33 13,487 2,971 10,516 354 (126,772) (126,772) 4,514,287 3,779,211 735,076 19 - (5) (1)~(4) (8) (6)~(7) 105
() 94 93 () (%) 2,506,377 2,125,545 380,832 18 (13,012) (6,994) 6,018 86 2,493,365 2,118,551 374,814 18 (1,472,472) (1,158,127) 314,345 27 1,020,893 960,424 60,469 6 (127,675) (119,155) 8,520 7 893,218 841,269 51,949 6 51,414 51,588 (174) (0) (79,329) (127,199) (47,870) (38) () 865,303 765,658 99,645 13 ( ) (63,366) 6,744 (70,110) (1,040) () 801,937 772,402 29,535 4 1 () (1) (2) (3) (4) ( ) 2 3 () 95 95 106
() LCD IC 94 35.88 % () ( ) (1) (2) (3) (1)+(2)-(3) 352,339 1,460,319 1,975,625 (162,967) 35,462 825,519 1 94 2 () 1 2 94 93 () (%) (%) 128.63 210.54 (39) (%) 68.07 56.91 20 (%) 16.16 21.28 (24) 1 2 3 107
() ( ) (1) (2) (3) (1)+(2)-(3) 698,014 2,243,571 3,193,836 (252,251) 1,053,153 1 2 3 () 93 94 95 93 12 1,356,121 1,356,121 94 12 1,364,567 1,364,567 95 12 2,557,617 2,557,617 () 1 2 ( ) Valutek, Inc.Valucom Investment, Inc. 3 94 108
() 1 2 (1) 94 94 ()(1) 18,343 (2) 2,493,356 (1)(2) 0.74 % 53.74 % 94 () 0.74 % (2) a b 3 109
() () IC IC 1T-SRAM 16-bit mixed signal microcontroller RFID 3 % () () SIA 2006 2,450 7.9 % () () () () 1 IC ( ) 2 36 %31 %45 % 50 % 110
() 94 1 94 6 ( ) ( ) ( ) 111
112 () () () () () 2 () () 1 () ()
(1) (2) (3) (4) (5) () () ( http://newmops.tse.com.tw/) () () 113
() () () 114
() 1 2 NTD 89.4.20 136 5 7 40,000 Valutek, Inc. 89.2.22 Valucom Investment, Inc. 89.2.22 Citco Biulding, Wickhams Cay, P.O. Box 662, Road Town, Tortola, British, B.V.I Citco Biulding, Wickhams Cay, P.O. Box 662, Road Town, Tortola, British, B.V.I USD 3,670 USD 26 3 369 2 4 () 40,000 100 % () 40,000 100 % () 40,000 100 % 115
Valutek, Inc. Valucom Investment, Inc. USD 3,670 100 % USD 3,670 100 % USD 26 100 % USD 26 100 % 5 40,000 40,112 0 40,112 102 16 14 Valutek, Inc. USD3,670 USD3,645 0 USD3,645 0 USD (2) USD 40 Valucom Investment, Inc. USD 26 USD 26 0 USD 26 0 USD (2) USD (2) () 94 ( 94 12 1 94 12 31 ) 74 103 () 119 () 40,000 Valutek, Inc. USD 3,670 100% 94.1 ~94.12 100% 94.1 ~94.12 20 NTD 0 14 1,156 1,276 NTD 0 222 NTD 1,997 12,742 USD 3,590 116
/ 94.1.21 1 93 1 2 2 94 94.3.11 1 94 2 93 3 93 4 93 5 6 3 7 8 93 94.4.20 1 94 1 2 94 3 3 94.6.3 1 93 2 93 3 4 93 1 2 5 6 7 8 9 10 3 11 94.6.3 94.6.27 93 94.7.5 93 94.7.21 94 94.8.19 1 94 2 94 3 1 94.10.27 1 94 3 2 Valucom Investment Inc. 770,000 26,000 117
/ 95.1.19 1 95 2 3 95 4 5 95 95.3.23 1 20 2 95 3 94 4 5 6 94 95.4.27 1 95 1 2 3 4 94 5 94 6 94 7 8 Valucom Investment Inc. 9 118
119 ( 3264) 95 3 23 9411 941231 ( 1. 2. 3. 4. 5. 95323 7