CHINA CREDIT INFORMATION SERVICE, LTD.

INVESTIGATION REPORT

Report Date: Apr. 28, 2008

Case No.： / 0804110116
Subject Number： / C9830426
Given Name： / CHI AN OPTOELECTRONICS CORP.
Given Address： / No. 1000, Taye Rd., Taichung Science Park, TashihTownship, Taichung County, Taiwan, R.O.C.
Remark： / Given address is registered address, actual operating office address.

■ Basic Information：

CCIS Rating： / B+
CCIS Risk Index： / M1
Name： / CHI AN OPTOELECTRONICS CORP.
Registered Address： / No. 1000, Taye Rd., Taichung Science Park, TashihTownship, Taichung County, Taiwan, R.O.C.
Communication Address： / No. 1000, Taye Rd., Taichung Science Park, TashihTownship, Taichung County, Taiwan, R.O.C.
URL： /
E-Mail： /
Tel： / 04-2555-8888
Fax： / 04/2555-8889
Registration No.： / 16161616
Stock Code： / 9501
Registered Authority： / Development Preparatory Office of Central Taiwan Science-Based Park
Paid-up Capital： / 79,861,961 (NT$1,000)
Legal Representative： / Wang Hsiang
No. of Employees： / 15421 ((Branches are included))
Established： / Aug. 06, 1999
Business Type： / Manufacture (OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS)
Business Size： / Super Large
Legal Form： / Company limited by shares.
Trend： / Sales in a steady growth, financial ability need further improvement

■ Credit Scoring：

Credit Factor / Item / Standard / Grade / Grade
average of
the industry
Administration / Organizational Background & Management / 1~20 / 18 / 17
Facilities & Business Performance / 1~25 / 20 / 19
Finance / Safe Ratio (Financial and Solvency Status) / 1~15 / 9 / 9
Capital Turnover / 1~10 / 5 / 5
Profitability / 1~10 / 2 / 3
Operation & Circumstances / Current Situation / 1~10 / 7 / 6
Contact transaction / 1~5 / 4 / 3
Prospect / 1~5 / 4 / 3
Total / 100 / 69 / 65
Note: The average score depends on what industry subject is in and what pattern subject is.

■ FACTORY OR BRANCH OFFICE：

LCD factory I & Actual operation office
Address： / No. 1, Taye Rd., Taichung Science Based Industrial Park, TashihTownship, Taichung County, Taiwan, R.O.C.
Reg. No.： / 98000020
Tel： / 04-2555-8888
Fax： / 04-2555-8889
LCD factory II
Address： / No. 2, Sec. 29, Huansi Rd., Taichung Science Based Industrial Park, TashihTownship, Taichung County, Taiwan, R.O.C.
Reg. No.： / 98000021
Tel： / 04-2555-1889
LCD factory III (5th-generation and 5.5th-generation factory)
Address： / No. 2-1, Sec. 29, Huansi Rd., Taichung Science Based Industrial Park, TashihTownship, Taichung County, Taiwan, R.O.C.
Reg. No.： / 98000022
Tel： / 04-2555-1890
LCD factory IV
Address： / No. 3, Sec. 9, Huansi Rd., Taichung Science Based Industrial Park, TashihTownship, Taichung County, Taiwan, R.O.C.
Reg. No.： / 98000023
Tel： / 04-2555-1891
LCM general module factory
Address： / No. 112, Nanke 6th Rd., Taichung Science Based Industrial Park, TashihTownship, Taichung County, Taiwan, R.O.C.
Reg. No.： / 98000024
Tel： / 04-2555-1880
Taipei sales office
Address： / 1F, No. 1600, Sec. 8, Nanjing E. Rd., Songshan District, Taipei City, Taiwan, R.O.C.
Tel： / 02-2555-7777
Fax： / 02-2555-9999
Japanese branch
Address： / 2F BLDG Minamibosi Hatijyusyu Gohyaku Gou 2ban 2tyoume Hatijyusyu Tyuuouku Tokyoutonishon
Tel： / 81-3-5555-5555
Fax： / 81-3-5555-7777

■ MAJOR AFFILIATE(S)：

NAME： / Chi Chi Technologies, Inc.
Reg. No： / ＊16131613
Person-in charge： / Wu, Yi-Chang
Major business activities： / Manufacture and sales of LCD driver ICs.
NAME： / Chi Chi Communicaiton Systems, Inc.
Reg. No： / 12781278
Person-in charge： / Wu, Yi-Chang
Major business activities： / Design, manufacturing & sales of wireless communication modules; cell phones OEM/ODM services.
NAME： / Chi Chi Investment Corp.
Reg. No： / ＊27836666
Person-in charge： / Yang Yang
Major business activities： / General investment
NAME： / Chi Chi Logistics Inc.
Reg. No： / ＊28074766
Person-in charge： / Ling Jung
Major business activities： / Storage service

■ MAJOR AFFILIATE(S) In China：

NAME： / Ninpo Chi Chi Storage Corp.
Person-in charge： / Yang Yang
Major business activities： / Storage service
NAME： / Ninpo Chi Chi Electronics Corp.
Person-in charge： / Yang Yang
Major business activities： / Assembly and sales of TFT-LCD module

■ MAJOR AFFILIATE(S) OVERSEA：

NAME： / Onternational Display Technology Ltd.
Person-in charge： / Yang Yang
Major business activities： / Sales of LCD products
NAME： / Chi Chi Optoelectronics Europe B.V.
Person-in charge： / Yang Yang
Major business activities： / Electronic parts and computer monitors afterservice and sales
NAME： / Chi Chi Optoelectronics (Singapore) Pte., Ltd.
Major business activities： / Electronic parts quality control, design and afterservice
NAME： / LEADTEK GLOBAL GROUP LIMITED
Major business activities： / Trading business
Note：＊The information of affiliated company of subject is recorded in the consolidated financial statement of subject.

■ HISTORY：

Originally established as Chi Hua Optoelectronics Corp., on Aug. 1999
Subject came to Chi Yi Electronic Industrial Co., Ltd., and subject was the existing company, then changed its name to the present name. and formed on Apr. 15, 2000.

■ BUSINESS ACTIVITIES AT PRESENT：

Manufacture and sales of TFT-LCD (Thin Film Transistor Liquid Crystal Display) panels and color filters.

■ VARIATION OF CAPITAL：(NT$1,000)

The registered capital was 3,000,000, and the paid-up capital was 750,000 in Aug. 06, 1999.
Source: Established with a registered capital of.
The registered capital was 37,500,000, and the paid-up capital was 33,722,343 in Nov. 2003.
Source: Capital increased to.
The registered capital was 50,000,000, and the paid-up capital was 38,966,009 in Nov. 2004.
Source: Capital increased to.
The registered capital was 75,000,000, and the paid-up capital was 59,829,780 in Jun. 2005.
Source: Capital increased to.
The registered capital was 75,000,000, and the paid-up capital was 66,826,253 in Sep. 2005.
Source: Capital increased to.
The registered capital was 75,000,000, and the paid-up capital was 66,998,970 in Dec. 2005.
Source: Capital increased to.
The registered capital was 75,000,000, and the paid-up capital was 70,498,970 in Jun. 2006.
Source: Capital increased to.
The registered capital was 86,000,000, and the paid-up capital was 73,593,831 in Aug. 2006.
Source: Capital increased to.
The registered capital was 86,000,000, and the paid-up capital was 80,643,831 in Dec. 2006.
Source: Capital increased to.
The registered capital was 86,000,000, and the paid-up capital was 79,861,961 in Mar. 2007.
Source: Capital decreased (claiming pawned type A preferred share) to.
The registered capital was 92,000,000, and the paid-up capital was 82,872,399 in Aug. 2007.
Source: Capital increased to.

■ SHAREHOLDERS STRUCTURE：A Stock-Listed Enterprise

STOCK EXCHANGE CONDITION：normal

STOCK CODE：9501

■Securities Trading Info：

Year-End Closing Price： 45.50 (2007)
Session High Price - Session Low Price：69.85 - 20.55 (2007)
Month-End Closing Price： 40.05 (2008/06)
Session High Price - Session Low Price： 52.00 - 44.10 (2008/06)

■ MAJOR SHAREHOLDERS：

Name / Position / Shares
(NT$1,000) / Percentage
of Total / Encumbered
Shares Ratio / Remark
Legal representative of Chi Chi Technologies Inc.
Wang Hsiang / Chairman / 4,901,266 / 6.14
Ku Lung-Shih / Director
Wang Wen-Hua / Director / 29,687 / 0.04
Yang Yang / Director / 17,970 / 0.02
Legal representative of Chi Chi Investment Corp.
Wang Chang / Supervisor / 29,485 / 0.04
Wu Yung-Yung / Supervisor / 36,300 / 0.05
Chen Yung / Independent director / 16,255 / 0.02
Wang Hua-Sheng / Independent director
Hsu, Wan-Hsiang / Independent supervisor

● MANAGEMENT：

● Founder：Wang Hsiang leading the Chi Chi group to establish

Chairman -
Name： / Mr. Wang Hsiang
Birthday： / Dec. 29, 1938
Birth Place： / Yuen Lin Hsien, TaiwanProvince
Academic Qualifications： / Graduate of National Chia Yi Vocational High School of Commerce
(Years of) Working Experience(s)： / 10 years; Vice general manager and vice president of Chi Chi Technologies, Inc.
Relationship with founder： / Legal representative
Participates in operation： / Yes

■ Other Incumbent Position(s)：

Name of Organization / Position / Main Business Activities
Tai Mei Corp. / Chairman / Manufacture and sales of ABS, PS and acrylics.
General manager -
Name： / Mr. Yang Yang
Birthday： / Apr. 30, 1940
Birth Place： / TainanHsien, Taiwan Province
Academic Qualifications： / Graduate of Chemical Engineering Dept. of NationalChengKungUniversity
(Years of) Working Experience(s)： / 10 years; Senior manager & Vice Executive Officer of Production Division of Tai Mei Corp.
Relationship with founder： / Codre of management
Participates in operation： / Yes

■ Other Incumbent Position(s)：

Name of Organization / Position / Main Business Activities
Chi Mei Corp. / Director / Manufacture and sales of ABS, PS and acrylics.

Note：The above management information is provided by Chen Shih-Hsien (Head of a division)

■ PREMISES：

LCD factory I & Actual operation office / Land：36,000㎡ / Rented
Building：29,089㎡
According to investigation, at the operating address:
There are 4 records of building numbers, which is 00890000, Hsin-Ke Section; under subject's name.
There is 1 record of registration of supplementary rights.
LCD factory II / Land：264,000㎡ / Rented
The 5th-generation factory and 5.5th-generation factory / Land：264,000㎡ / Rented

Note：Property right information above is provided by local land administration authority/Mr. Chen Shih-Hsien (Head of a division). This is for reference only.

1. Information above excludes building without the first registration of building's ownership.

2. Enquiry date:Apr.20, 2008

There are many records of building numbers at subject’s operating address, and only one of them is provided here for reference.

■ MAJOR PRODUCTION FACILITIES：

Item：Color filter sites (5th-generation)
Unit：2 Line
Item：The 3.5 generation production line
Unit：1 Line
Item：The 4 generation production line
Unit：1 Line
Item：The 5 generation production line
Unit：1 Line
Item：The 5.5 generation production line
Unit： 2 Line
Item：The 7.5 generation production line
Unit：1 Line

■ MORTGAGE OF TANGIBLE ASSETS RECORDS：

Subject has been reported no mortgage record on its tangible assets.

Note：The above record is based on the public announcements by concerned authorities in TaiwanProvince and TaipeiCity. It is for reference only.

■ OPERATING INCOMES 2004 - 2006：(In NT$1,000)

Item\Year / 2007 / ％ / 2006 / ％ / 2005 / ％
Domestic sales / 89,849,588 / 29.96 / 56,074,348 / 29.98 / 45,497,508 / 29.77
Foreign trade / 210,048,905 / 70.04 / 130,977,756 / 70.02 / 107,347,107 / 70.23
Total / 299,898,493 / 100.00 / 187,052,104 / 100.00 / 152,844,615 / 100.00
Growth(％) / 60.33 / ％ / 22.38 / ％ / - / ％

■ OPERATING INCOMES OF 2007 BY PRODUCT：(Unit：NT$1,000)

Main Object / Sales / ％
TFT-LCD display monitors / 299,088,767 / 99.73
Others / 809,726 / 0.27
■SALES PERFORMANCE Jan. 2008 ~ Mar.. 2008： (Unit：NT$1,000) / 75,970,328

■ TRADE REFERENCES：(Local Suppliers)

Suppliers： / Taiwan Yi Chan Glass Co., Ltd.
Product： / Glass substrate
Paid-up Capital：(NT$1,000) / 90,000
Payment Terms： / CHECK 30-60 days 100％
Suppliers： / Chi Yi Co. Ltd.
Product： / Photoresists
Paid-up Capital：(NT$1,000) / 12,000
Payment Terms： / CHECK 60-90 days 100％
Suppliers： / Ya Mei Air Liquide Co., Ltd.
Product： / Industrial gas
Paid-up Capital：(NT$1,000) / 120,000
Payment Terms： / CHECK 30-45 days 100％
Suppliers： / Chung Hua Technologies Co., Ltd.
Product： / Backlight module
Paid-up Capital：(NT$1,000) / 800,000
Payment Terms： / CHECK 60 days 100％
Suppliers： / Taiwan Nini Optical Co., Ltd.
Product： / Polarizer
Paid-up Capital：(NT$1,000) / 653,200
Payment Terms： / CHECK 60 days 100％
Suppliers： / Tai Ling Co., Ltd.
Product： / Drive IC
Paid-up Capital：(NT$1,000) / 50,000
Payment Terms： / CHECK 30 days 100％
Suppliers： / Taiwan Tunghsia Electronics Co., Ltd.
Product： / Drive IC
Paid-up Capital：(NT$1,000) / 150,000
Payment Terms： / CHECK 30 days 100％

■ TRADE REFERENCES：(Overseas Suppliers)

Product / Area
Liquid crystals (from merck, nichimen), lcd driver ics (from hitachi), polarizers & backlight modules (from inabbata) / Japan
Payment Terms：L/C 100％.

■ TRADE REFERENCES：(Local Customers)

Customers： / Kuang Wei Kuang Computer Co., Ltd.
Product： / TFT-LCD panels & displayer
Paid-up Capital：(NT$1,000) / 900,000
Payment Terms： / CHECK 30-45 days 100％
Customers： / Yi Chao Technology Co., Ltd.
Product： / TFT-LCD panels & displayer
Paid-up Capital：(NT$1,000) / 212,000
Payment Terms： / CHECK 30-69 days 100％
Customers： / Kuan Kuan Electronics Co., Ltd.
Product： / TFT-LCD panels & displayer
Paid-up Capital：(NT$1,000) / 520,000
Payment Terms： / CHECK 45-60 days 100％
Customers： / Hua Chi Technology Co., Ltd.
Product： / TFT-LCD panels & displayer
Paid-up Capital：(NT$1,000) / 400,000
Payment Terms： / CHECK 30-60 days 100％
Customers： / Wei Ta Computer Co., Ltd.
Product： / TFT-LCD panels & displayer
Paid-up Capital：(NT$1,000) / 655,000
Payment Terms： / CHECK 30-90 days 100％
Customers： / Chi Shih Enterprise Co., Ltd.
Product： / TFT-LCD panels & displayer
Paid-up Capital：(NT$1,000) / 50,000
Payment Terms： / CHECK 30-60 days 100％

■ TRADE REFERENCES：(Overseas Customers)

Product / Area
TFT-LCD monitor / U.S.A., Japan, Korea, Mainland China
Payment Terms：L/C 100％.

■ BANKERS：

Bank & Branch： / Taichung Branch of Chang Hwa Commercial Bank
A/C No： / 0300009
Opened date： / Aug. 1999
current balance(NT$1,000)： / N/A
Relation： / Normal
Tel： / 04-2221-2811
Bank & Branch： / Tainan Branch of Hua Nan Commercial Bank
A/C No： / 9009088
Opened date： / Sep. 1999
current balance(NT$1,000)： / N/A
Relation： / Normal
Tel： / 06-222-2111

■ PAYMENT RECORD：

Subject has been reported no dishonored banking record.
Subject's chairman has been reported no dishonored banking record.
Subject's general manager has been reported no dishonored banking record.
Note：The above banking record statements are based on the data obtained from the Clearing House as of Apr. 25, 2008.

■ BIDDING FORBIDDEN RECORD：

Subject has not been listed as a forbidden bidder for government purchases as of the records since Jan. 01, 2002.
The above statement is based on the announcement by concerned government authorities. It is for reference only.

■ PUBLIC LITIGATION RECORD：

Subject has reported lawsuit records in the last two years, listed below：
File No. / Judgment Date / Court Verdict / Pleas. / Plaintiff/defendant
Chung-Su-Tzu No. 910 in 2005 / Jan. 10, 2006 / Confirmation of creditor's right / Civil pleas. / Defendant
The above statement is based on the communique obtained from the Judicial Yuan of the Republic of China.

■ REGISRTATION OF PATENTS：

Subject has been reported registration of patent on 292 item(s).

Note：The above statement is based on the data obtained from the concerned authorities.

■ BUSINESS STATUS：

Subject is belonged to Chi Chi Group
Name of core company：Chi Chi Technologies, Inc.
Ranking of total assets of the Group：7
No. of affiliates of the Group：31
Total Assets (NT$1,000,000)： 343,173
Net Profit After Tax (NT$1,000,000)： 13,785

The above record is based on Business Groups in Taiwan by CCIS.

■ BUSINESS RANKING：

2007 / 2006 / 2005
Annual Sales / 22 / 20 / 45
Sales Growth / 320 / 383 / 406
After-Tax (Pre-Tax) Net Income / 37 / 18 / 30
Return on Sales / 1,470 / 491 / 673
Ranking in Concerned Industry (OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS) / 2 / 3 / 3

Source：Top 5000: Largest Corporations in Taiwan, and research on Business Groups in Taiwan. China Credit Information Service.
Remark: We changed the item from ranking of income (loss) before income tax to income (loss) after income tax since 2004 version.

■ Ranking on the industrial performance

Industrial Code：121400 (OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS)

Actual total number of ranked companies listed in the TOP5000 Corporations in Taiwan： 4,753

Total number of companies engaged in the Manufacturing listed in the TOP5000 Corporations in Taiwan： 2,613

Total number of companies categorized as OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS out of the total number of companies in the Manufacturing listed in the TOP5000 Corporations in Taiwan： 184

Subject's business ranking among the OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS listed in the Top 5000 Corporations in Taiwan： 2

Contents / The highest ranking
or Maximum value
among the TOP 5000
Corporations in Taiwan / The lowest ranking
or Minimum value
among the TOP 5000
Corporations in Taiwan / Average among the
TOP 5000 Corporations
in Taiwan / Subject's ranking
or value in
Comparison
Ranking of OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS Business Corporation / 14 / 4,883 / N/A / 20
Ranking of OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS Business Corporation categorized in the Manufacturing / 7 / 2,693 / N/A / 10
Number of employees in an OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS Business Corporation / 21,188 / 7 / 691 / 15,421
Net income of an OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS (NT$1000) / 293,028,061 / 109,910 / 8,580,788 / 299,898,493
Capital Amount of an OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS (NT$1000) / 82,126,048 / 20,000 / 3,466,827 / 82,872,399
Total Assets of an OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS (NT$1000) / 554,125,510 / 72,125 / 13,134,819 / 475,535,150
Net Worth of an OPTOELECTRONIC MATERIALS, COMPONENTS & PRODUCTS (NT$1000) / 230,734,304 / 1,840,898 / 6,457,387 / 220,648,025
The above information is based on the data from TOP 5000: The Largest Corporations in Taiwan in 2007 published by CCIS.

■ Importers and Exporters：

2007 / 2006 / 2005
Ranking in Export/Import Value / -- / 3 / 4
Export Value (USD 1,000,000) / >10 / 3628.43 / 2110.48
Import Value (USD 1,000,000) / >10 / 1716.98 / 1901.84

Source：Directory of Outstanding Importers and Exporters in Taiwan, Ministry of Economic Affairs.

■ FINANCIAL PROFILE FOR YEARS 2004-2002：(NT$1,000)

Financial Index / 2007/12/31 / 2006/12/31 / 2005/12/31
Paid-In Capital / 82,872,399 / 80,643,831 / 66,998,970
Net Worth / 220,648,025 / 188,282,567 / 145,123,998
Total Liabilities / 254,887,125 / 224,137,038 / 130,940,749
Total Assets / 475,535,150 / 412,419,605 / 276,064,747

■ BUSINESS PERFORMANCE FOR YEARS 2004-2002：(NT$1,000)

Financial Index / 2007 / 2006 / 2005
Net Sales / 299,898,493 / 187,052,104 / 152,844,615
Operating Profits / 36,150,459 / 8,113,182 / 10,275,463
Current Period Profits / 36,171,411 / 3,543,081 / 8,046,782

Please be noted that the above financial figures are：
base on subject's year 2007,2006,2005 financial statements (CPA audited)

■ IMPORTANT NEWS FROM THE MEDIA：

Date：Aug. 09, 2006
Title：Chi An plans to build 8G panel factory for new wave of competition
Source：Economic Daily News
Date：Aug. 17, 2006
Title：Chi An ranks first in supply of 32-inch panel
Source：Economic Daily News
Date：Sep. 08, 2006
Title：Chi An has settled on Da Hua Park and will build its second 7.5G factory in April.
Source：Economic Daily News
Date：Oct. 02, 2006
Title：Chi An be the first panel company enter LED industry
Source：Commercial Times
Date：Oct. 09, 2006
Title：Chi An awarded NT$60 billion joint loan
Source：Market Observation Post System
Date：Nov. 18, 2006
Title：Chi An make research in backlight module and the self made ratio will surpass 50%
Source：Economic Daily News
Date：Dec. 29, 2006
Title：The effect of AU OPTRONICS consolidating QUANTA DISPLAY has been proved that Chi An Optoelectronics will start construction of its two factories earlier in this month.
Source：Economic Daily News
Date：Mar. 26, 2007
Title：Chi An’s net profit margin of the first quarter may not as good as expectation.
Source：Economic Daily News
Date：Apr. 01, 2008
Title：Chi An’s yield of the first quarter may exceed the one of Samsung and LPL again.
Source：Economic Daily News

■ GENERAL INFORMATION：

I、Industrial Trend
Industrial Name: TFT-LCD
1. / Industry Outlook & Future
Current Status: Poor
Future Prospect: Steady
2. / Major Factors Affecting the Market:
1. Market demand
2. Inventory increase
3. Fluctuation in exchange rate
4.Increase of capital expenditure
II、Financial and Solvency Status
Based on subject's financial year of 2007：
FINANCIAL STRUCTURE：
Liability to asset ratio is slightly high, slightly with supports from short-term loans; financial structure is to be strengthened.
SOLVENCY ABILITY：
The liquidity ratio and quick ratio are relatively low, indicating that its short-term debt-paying ability is in need of improvement. Interest coverage ratio is 8.21 time(s), showing that its interest-paying ability is good.
MANAGEMENT EFFICIENCY：
Inventory turnover is normal; receivable collection is normal; whole capital turnover ratio is 0.68 times and its management ability is still to be improved.
PROFITABILITY：
Gross profit is normal but cost and expense management ability is effective; current profitability is excellent.
Cash Flow：
The cash flow for the current period is a net flow-out of NT$ 5,396,123 thousand, while operating cash flow is a net flow-in. Therefore the cash flow ratio is 76.51 %, indicating that its ability to pay short-term liability is good, and the cash reinvestment ratio is 20.59 %, showing that its ability needed for reinvestment funding is good.
Consolidated financial statements：
Subject’s year consolidated report for 2007 indicates that its liabilities to assets ratio is 55.59%, which is same as than it was before consolidation, and therefore its financial structure is to be strengthened; current and quick ratio is relatively low and short-term solvency is in need of improvement; long-term equity investments to total assets ratio is low , suggesting its transferred-investment transparency is high ;with the net profit margin of 12.04％ , and the profit-making situation is good. The cash flow for the current period is a net flow-in of NT$ 1,041,504 thousand, and operating cash flow is a netflow-in. Therefore the cash flow ratio is 72.86 %, indicating that its ability to pay short-term liability is good, and the cash reinvestment ratio is 20.76 %, showing that its ability needed for reinvestment funding is good.