Company Name Title Name or Representative Holdings Shares Stake Director Francis Tsai 0 0% Pacific Metal Developments Ltd. Director Director Billy Ho J.H. Chen 0 0 0% 0% Director James Yuan 0 0% Director Matthew Miau 0 0% Start Well Technology Ltd. Director Director Francis Tsai Billy Ho 0 0 0% 0% Director James Yuan 0 0% Director Francis Tsai 0 0% Master China Ltd. Director Director Billy Ho J.H. Chen 0 0 0% 0% Director James Yuan 0 0% Director Matthew Miau 0 0% Dynamic Star Investments Ltd. Director Director Francis Tsai James Hwang 0 0 0% 0% Director James Yuan 0 0% ACE Continental Industries Ltd. Director M.S. Chen 0 0% Chairman Master China Ltd. representative Francis Tsai N/A 100% <strong>MiTAC</strong> Precision Technology (Kunshan) Vice Chairman Master China Ltd. representative J.H.Chen N/A 100% Co., Ltd. Director/General Manager Master China Ltd. representative C.P.Lee N/A 100% Chairman Dynamic Star Investments representative Francis Tsai N/A 100% <strong>MiTAC</strong> Technology (Kunshan) Co., Ltd. Director Dynamic Star Investments representative James Hwang N/A 100% Director/General Manager Dynamic Star Investments representative C.P. Lee N/A 100% - 107 -
1.1.5 Operations Overview of Affliated Companies Company Name Capital Total Assets Total Liabilities Net Value Operating Revenues Operating Profit Profit/Loss (after tax) EPS (NT$) (after tax) Tsu Fong Investment Corp. 165,000 768,046 299,561 468,485 63,726 57,903 57,209 3.47 <strong>MiTAC</strong> Precision Technology Co., Ltd. 783,099 3,518,493 2,278,722 1,239,771 6,747,875 182,829 143,893 1.84 Silver Star Developments Ltd. Consolidated 4,344,937 21,559,201 13,837,521 (See Note1) 7,721,679 23,085,469 (180,501) 538,015 4.38 <strong>MiTAC</strong> U.S.A. Inc. 45,274 139,876 95,726 44,151 224,796 7,094 6,675 5.01 <strong>MiTAC</strong> Japan Corp. 79,132 957,069 958,146 (1,076) 3,109,860 (53,117) 2,932 N/A MS Hardware Service GmbH 1,314 237,502 182,510 54,992 205,812 (22,587) 0 N/A <strong>MiTAC</strong> Benelux N.V. 69,332 132,718 21,300 111,418 239,566 17,203 13,941 213.66 <strong>MiTAC</strong>(UK)Ltd. 30,230 336,240 324,787 11,452 952,445 (151,943) (109,468) (218.94) ECLand Ltd. 5 6 0 6 0 0 0 0.00 <strong>MiTAC</strong> Pacific (H.K.) Ltd. 340 113,527 113,419 109 0 (123) 45,221 4,522.05 System Glory Int’l Ltd. 0 82,232 41,253 40,979 0 (31,553) (31,249) (31,249,405) Pacific China Corp. 0 2,374,417 2,218,997 155,420 0 (20) 48,301 48,301,087 <strong>MiTAC</strong> Star Service Ltd. 1,715,889 1,734,577 0 1,734,577 0 0 0 0 Software Insights Ltd. 30,580 2,884 0 2,884 0 0 193 0.21 <strong>MiTAC</strong> Computer (KunShan) Co., Ltd. 335,971 3,083,045 2,885,684 197,361 4,332,598 (32,082) (56,625) N/A <strong>MiTAC</strong> Service (Shanghai) Ltd. 33,937 75,511 43,384 32,128 97,438 146 35 N/A <strong>MiTAC</strong> Computer (ShunDe) Ltd. 1,557,619 10,910,506 9,183,314 1,727,191 43,930,347 78,208 55,759 N/A <strong>MiTAC</strong> Research (ShangHai) Ltd. 33,943 67,772 48,722 19,049 157,973 1,023 614 N/A <strong>MiTAC</strong> Computers (ShangHai) Ltd. 209,100 164,180 65,666 98,514 84,619 (3,147) (15,785) N/A <strong>MiTAC</strong> Precision Technology (ShunDe) Ltd. 339,732 2,444,236 2,057,242 386,993 5,702,840 65,396 57,135 N/A So Fong Investment Co., Ltd. 360,000 598,028 153,817 444,211 47,277 36,734 35,220 0.98 Mio Technology Corporation 5,000 23,802 12,093 11,709 21,921 2,770 3,241 6.48 Hot Link Technology Ltd. 181,782 181,952 170 0 (10) (9) (0.00) Pacific Metal Developments Ltd. 339,780 363,377 9,225 354,153 14,421 14,421 14,421 1.44 Start Well Technology Ltd. 336,382 375,236 38,876 336,360 0 (23) (23) (0.00) Master China Ltd. 0 18,442 18,442 0 0 0 0 0 Dynamic Star Investment Ltd. 0 33,978 33,978 0 0 0 0 0 ACE Continental Industries Ltd. 0 0 0 0 0 0 0 0 <strong>MiTAC</strong> Precision Technology (Kunshan) Co., Ltd. 15,273 533,613 597,191 (63,578) 164,053 3,005 (57,542) N/A <strong>MiTAC</strong> Technology (Kunshan) Co., Ltd. 33,936 43,614 7,876 35,738 11,012 1,773 1,807 N/A Note 1:Includes a small amount of equity. Note 2:If the affiliated enterprise is a foreign company, relevant figures are quoted in NT Dollars and are calculated based on the exchange rate on the day they were reported. Note 3:Based on exchange rates at end of 2003 Month-end Average US Dollars: 33.978 34.093 British Pounds: 60.460 59.575 Euros: 42.850 41.833 Japanese Yen: 0.318 0.315 People’s Republic of China Renminbi: 4.100 4.119 - 108 -
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Contents A.Report To Shareholders..
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Innovations in product R&D and work
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4.Integrate Group resources, contin
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1990 - In response to rapid busines
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MiTAC International's US subsidiary
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2.1.2 Responsibilities of Major Dep
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Major Institutional Shareholders Ap
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Title Name Date Took Office Shares
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3. Capital and Shares, Corporate Bo
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3.5 Market Price, Net Value, Earnin
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3.8 Treasury Stock Aapril 1, 2004 S
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3.10 Employee Stock Options 3.10.1
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1.1.3 New Products and Technologies
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this platform are being aggressivel
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1.3.2 Technologies and Products Suc
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1.4.3. Wireless communications prod
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(3) Wireless Communications Product
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C.Expand development of high value-
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2.3 Supply of Key Components Compon
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As a professional computer assembly
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8. Acquisition or Disposition of As
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1.2 Concise Profit/Loss Statment Un
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2.1 Financial Structure (1) Debt ra
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MITAC INTERNATIONAL CORP. AND SUBSI
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MITAC INTERNATIONAL CORP. AND SUBSI
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MITAC INTERNATIONAL CORP. AND SUBSI
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combined total assets or operating
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11) Deferred charges A. Telephone i
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- Page 59 and 60: D. Tsu Fung Investment Corp. was no
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- Page 71 and 72: 11. SPECIAL DISCLOSURE ITEMS A. Inf
- Page 73 and 74: Investor Types Name of marketable s
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- Page 77 and 78: Item Sales of forward foreign excha
- Page 79 and 80: Investor Investee Company 〃 Proco
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- Page 83 and 84: (8) Purchases or sales transactions
- Page 85 and 86: C. Relevant Information Regarding I
- Page 87 and 88: The prices that the Company and thi
- Page 89 and 90: In order to reconcile the amounts o
- Page 91 and 92: 2. Analysis of Business Results Yea
- Page 93 and 94: 6. Risk Management 6.1 Influence of
- Page 95 and 96: 6.5.2 Server Product Series: Due to
- Page 97 and 98: Item Status 3. Designation of super
- Page 99 and 100: 1. Information on Affiliates 1.1 Co
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