Contents - MiTAC

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December 31, 2003 Investor Type Name of marketable securities Relationship with the issuer General ledger account Number of shares Book value Percentage Market value (Note1) 〃〃 Harbinger II (BVI) Venture Capital Corp. 〃〃 1,457,850 48,765 49.96% 48,765 〃〃 Gapura Inc. None 〃 850,000 26,992 5.55% 26,992 〃〃 Budworth Investments Ltd. 〃〃 4,424,000 150,319 13.83% 150,319 〃〃 Global Strategic 〃〃 1,000,000 33,978 1.26% 33,978 Investment Inc. 〃〃 Pacific Metal Developments Ltd. 〃〃 5,100,000 161,500 (Note 5) 161,396 〃〃 Panasas Inc. 〃〃 1,391,354 45,384 1.63% 45,384 〃〃 Synnex Corp SSDL’s investee company accounted for under the equity method 〃 11,697,024 4,502,023 45.54% 5,616,224 〃 GDR Synnex International Corp. Synnex’s chairman is SSDL’s director 〃 853,706 157,655 - 160,954 Note 1: The market value of investments accounted for under the equity method was based on the net asset value of the investee company, while the market value of investment accounted for under cost method was based on acquisition cost if not listed or the average closing price during the last month of the year if listed. Note 2: The investor provided 2,500 thousand shares as collateral. Note 3: The investor provided 1,398 thousand shares as collateral. Note 4: The investor provided 5,813 thousand shares as collateral. Note 5: Investing in non-cumulative, convertible preferred stock without right of voting. (5) Marketable securities for which total buying or selling exceeded $100,000 or 20 percent of capital for the year ended December 31, 2003: Investor Tsu Fung Investment Corp. Silver Star Development Ltd. and its subsidiaries Name of the securities So Fung Investment Co., Ltd. Star Well Technology Ltd. General ledger Counter The relationship party with the Company Cash issuance of capital Tsu Fung’s investee company accounted for stock under the equity method 〃 Pacific Royale Ltd. The Company’s investee company accounted for under the equity method. account Long-term investment Beginning balance Additions Disposals Ending balance Number of Number of Number of Selling Gain/Loss from Number of shares Amount shares Amount shares price Cost disposal shares Amount 26,000 $309,213 10,000 $100,000 - $ - $ - $ - 36,000 $444,211 (Note) 5,000,000 172,150 4,900,000 127,213 - - - - 9,900,000 295,609 Note: Including the investment gain or loss of the investee companies, investment revenues, cumulative translation adjustments or adjustments of capital reserve due to change in equities in long-term investments. (6) Real estate acquired exceeding $100,000 or 20 percent of the Company’s capital for the year ended December 31, 2003: None. (7) Real estate disposed exceeding $100,000 or 20 percent of the Company’s capital for the year ended December 31, 2003: None. - 81 -
(8) Purchases or sales transactions with related parties exceeding $100,000 or 20 percent of capital for the year ended December 31, 2003: Transactions The reason and situation of having different transaction term between related parties and others Accounts & notes receivable (payable) The company Percentage of buying/selling Name of Relationship with the (purchase) Percentage of products related parties Company Purchase (Sales) Amount sales Credit Term Unit price Credit Term Balance account Note Silver Star MITAC SSDL’s parent Sales $17,451,606 73% Note 2 Note 3 Note 2 $1,113,368 45% Developments International company Ltd. Corp. 〃 MITAC International Corp. 〃 Purchase 285,919 1% Note 1 Note 3 Note 1 (529,284) 6% 〃 MITAC Precision Technology Co., Ltd. Affiliated company Sales 252,985 - Note 2 Note 3 Note 2 7,422 - 〃〃〃 Purchase 4,257,449 19% Note 1 Note 3 Note 1 (1,159,112) 12% 〃 MITAC Technology Corp. 〃 Sales 5,542,416 23% Note 2 Note 3 Note 2 429,153 17% 〃〃〃 Purchase 192,004 1% Note 1 Note 3 Note 1 (190,436) 2% Note 1:The payment period is 150 days and 90 days after offsetting certain receivables and payables according to payment terms to overseas and domestic related parties, respectively. And the collection period of ordinary customers is approximately 90 days after shipping date. Note 2:The collection period is 150 days and 90 days after offsetting certain receivables and payables according to payment terms to overseas and domestic related parties, respectively. And the payment period of ordinary customers is approximately 90 days after purchase date. Note 3:The selling price to overseas related parties is based on market value. The selling price to domestic related parties is based on common domestic price. (9) Receivables from related parties totaling exceeding $100,000 or 20 percent of capital as of December 31, 2003: Balance of receivables from related party Overdue receivable Company Name Silver Star Developments Ltd. Name of the counter party MITAC International Corp. 〃 MITAC Technology Corp. Relationship with the counter party The Company is SSDL’s parent company Affiliated company Accounts receivable Other receivables Total - 82 - Turnover rate (times) Amount Collection method Subsequent received amount Bad debt allowance provided $1,113,368 $35,537 $1,148,905 26.15 $ - N/A $1,059,767 $ - 429,153 19,933 449,086 9.56 - 〃 - -
Page 1 and 2:
Contents A.Report To Shareholders..
Page 3 and 4:
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
Page 13 and 14:
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
Page 27 and 28:
this platform are being aggressivel
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1.3.2 Technologies and Products Suc
Page 31 and 32: 1.4.3. Wireless communications prod
Page 33 and 34: (3) Wireless Communications Product
Page 35 and 36: C.Expand development of high value-
Page 37 and 38: 2.3 Supply of Key Components Compon
Page 39 and 40: As a professional computer assembly
Page 41 and 42: 8. Acquisition or Disposition of As
Page 43 and 44: 1.2 Concise Profit/Loss Statment Un
Page 45 and 46: 2.1 Financial Structure (1) Debt ra
Page 47 and 48: MITAC INTERNATIONAL CORP. AND SUBSI
Page 53 and 54: combined total assets or operating
Page 55 and 56: 11) Deferred charges A. Telephone i
Page 57 and 58: 3) Mitac Precision Technology Co.,
Page 59 and 60: D. Tsu Fung Investment Corp. was no
Page 61 and 62: 11) OTHER LIABILITIES December 31,
Page 63 and 64: B. Undistributed earnings (a) In ac
Page 65 and 66: C. Components of deferred income ta
Page 67 and 68: 19) PERSONNEL EXPENSES, DEPRECIATIO
Page 69 and 70: E. Accounts payable December 31, 20
Page 71 and 72: 11. SPECIAL DISCLOSURE ITEMS A. Inf
Page 73 and 74: Investor Types Name of marketable s
Page 75 and 76: The company buying /selling product
Page 77 and 78: Item Sales of forward foreign excha
Page 79 and 80: Investor Investee Company 〃 Proco
Page 81: (4) The detail of marketable securi
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
Page 101 and 102: 1.1.2 Affiliated Companies—Basic
Page 103 and 104: 1.1.3 Business and Inter-Relationsh
Page 105 and 106: 1.1.4 Directors, Supervisors, Gener
Page 107 and 108: Company Name Title Name or Represen
Page 109: 1.1.5 Operations Overview of Afflia
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