2008 Annual Report - MiTAC International

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22. Bondholders have the convertible bond trusted to the First Bank. The First Bank is to audit and supervise the Company in performing the convertible bond on behalf of the bondholders. Bondholders who have acquired the convertible bond at its initial public offering or during the process agree to the trust agreement signed between the Company and the trustee, the rights and obligations of trustee, and the issuance and conversion guidelines; also, authorize the trustee to represent them and agree not to have the authorization revoked throughout the process. Bondholders may have the content of the trust agreement examined during the Company’s or the trustee’s office hours. 23. The underwriting office of the Company is authorized to have the principal, interest, and conversion of the convertible bond processed. 24. According to Article 8 of the Stock Exchange Law, no physical bond will be prepared for the converted bond. 25. The events that are not covered in the Regulations Governing Convertible Bond Issuance and Conversion are to be processed according to the relevant regulations. 46
5. Employees’ stock options (1) Employees’ stock option processed Types of employees’ stock options 2 nd employees’ stock options (1 st time after merging from Tyan Computers Corp. shares) 3 rd employees’ stock option (1 st term) (2 nd time after merging Tyan Computer Corp. shares) 47 3 rd employees’ stock option (2 nd term) (2 nd time after merging Tyan Computer Corp. shares) 4 th employees’ stock option (1 st term) (3 rd time after merging Tyan Computer Corp. shares) April 30, 2009 4 th employees’ stock option (2 nd term) (3 rd time after merging Tyan Computer Corp. shares) Date approved by authorities 01.04,2005 08.16, 2005 08.16, 2005 03.31, 2006 03, 31, 2006 Issuing (processing) date 12.31, 2003 08.31, 2005 03.10, 2006 06.30, 2006 03.19, 2007 Issuance (Note 1) 139,672 units (Note 2) 1,297.348 units (Note 2) 489.278 units (Note 2) 404.759 units (Note 2) 711.895 units (Note 2) Ratio of stock option to outstanding shares 0.00% 0.08% 0.03% 0.03% 0.05% Valid duration 6 years 6 years 6 years 6 years 6 years Performance Issue new stock shares Issue new stock shares Issue new stock shares Issue new stock shares Issue new stock shares Limited stock option period and ratio (%) Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise percentage 02.01.2007 50% 02.01.2008 75% 02.01.2009 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Stock shares exercised 65,463 shares 88,154 shares 129,953 shares 0 share 0 share Stock value exercised NT$ 591,178 NT$ 1,259,668 NT$ 2,495,098 NT$ 0 NT$ 0 Unexercised stocks (note 3) 63,892 shares 694,805 shares 159,922 shares 273,807 shares 711,895 shares Stock option price of outstanding stock option Ratio of outstanding stock option to outstanding shares (%) Impact on shareholder’s equity NT$ 8.0 NT$ 13.3 NT$ 16.9 NT$ 20.6 NT$ 20.2 0.00% 0.05% 0.01% 0.02% 0.05% All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. Note 1: Each stock option can exercise 1,000 common shares of MiTAC. Note 2: Followed the merger agreement to make the shares-subscription amount and price per unit in a ratio of (MiTAC: Tyan = 1: 1.26). Note 3: After deduction of given-up shares. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity.
Page 1 and 2: 2008 Annual Report MiTAC Internatio
Page 3 and 4: Content I. To Shareholders ........
Page 5 and 6: Dear Shareholders: I. To Shareholde
Page 7 and 8: three brands: Mio, Navman and Magel
Page 9 and 10: ased subsidiary of MiTAC, and reali
Page 11 and 12: III. Business Operation Report 1. O
Page 13 and 14: 2. Information on Directors, Superv
Page 15 and 16: 3) General Manager, Vice GM, Assist
Page 17 and 18: Titles Names Dates took position Sh
Page 19 and 20: Below 2,000,000 Remuneration Rankin
Page 21 and 22: Titles Names MiTAC Salaries (A) In
Page 23 and 24: Managers Receiving Employee Bonuses
Page 25 and 26: c. Supervisors’ participation of
Page 27 and 28: Items Status Differentiation with o
Page 29 and 30: 5) Charity: A. System: Actively spo
Page 31 and 32: i. The status that the company and
Page 33 and 34: Meeting Date Motions Resolutions 20
Page 35 and 36: QTY 1. Capital and stocks 1) The ca
Page 37 and 38: 6) Dividend policy and its implemen
Page 39 and 40: 2. Debenture issuance Types of debe
Page 41 and 42: MiTAC International Corp. Regulatio
Page 43 and 44: the merger cut-off date. If it is a
Page 45: efore the due date, if the outstand
Page 49 and 50: Type of employees’ stock options
Page 51 and 52: 5 th Employees’ Stock Options (2
Page 57 and 58: Note 1: After deduction of given-up
Page 59 and 60: B. Enterprise products High-perform
Page 61 and 62: lightweight, inexpensive, low power
Page 63 and 64: terminals, and digital content and
Page 65 and 66: Table 2: Worldwide servers customer
Page 67 and 68: a camera, Wi-Fi, Bluetooth and GPS
Page 69 and 70: 2. Market and sales overview (1) Ma
Page 71 and 72: added products, like all-in-one int
Page 73 and 74: MiTAC is devoted to developing PND,
Page 75 and 76: C. Supply of key components Names O
Page 77 and 78: 3. Workforce (1) Staff’s informat
Page 79 and 80: (a) Quality control system: Succeed
Page 81 and 82: company’s mission, to announce op
Page 83 and 84: VI. Financial Statement 1. Most rec
Page 85 and 86: 2. Financial analysis in most recen
Page 87 and 88: 3. Supervisors’ Report of the mos
Page 89 and 90: MITAC INTERNATIONAL CORP. AND SUBSI
Page 91 and 92: 2007 Common Stock MITAC INTERNATION
Page 93 and 94: Cash flows from operating activitie
Page 95 and 96: MITAC INTERNATIONAL CORP. AND SUBSI
Page 97 and 98:
2. SUMMARY OF SIGNIFICANT ACCOUNTIN
Page 99 and 100:
and closed-end mutual funds are bas
Page 101 and 102:
17) Impairment of non-financial ass
Page 103 and 104:
25) Treasury stock A. Treasury stoc
Page 105 and 106:
The above investments were measured
Page 107 and 108:
B. Goodwill impairment test was con
Page 109 and 110:
B. On August 12, 2006, the Company
Page 111 and 112:
17) Capital reserve The R.O.C. Comp
Page 113 and 114:
Type of arrangement second stock op
Page 115 and 116:
(b) As of December 31, 2008, the su
Page 117 and 118:
G. The following sets forth the pro
Page 119 and 120:
Type of arrangement Grant date Four
Page 121 and 122:
C. Components of deferred income ta
Page 123 and 124:
22) Earnings per share For the year
Page 125 and 126:
Cost of sales 125 For the year end
Page 127 and 128:
E. Accounts payable F. Other payabl
Page 129 and 130:
the price is subject to adjustment
Page 131 and 132:
expects to have no significant mark
Page 133 and 134:
11. SUPPLEMENTARY DISCLOSURES A. In
Page 135 and 136:
Note 2: The investor provided 47,50
Page 137 and 138:
Note 1: Future cash flow: the Compa
Page 139 and 140:
Investor Tsu Fung Investment Corp.
Page 141 and 142:
(3) Endorsements and guarantees pro
Page 143 and 144:
Security held by Type Name of marke
Page 145 and 146:
Note 1 The collection period is 15
Page 147 and 148:
Ending balance of investment from T
Page 149 and 150:
3) Property transactions: In 2008 a
Page 151 and 152:
Company Name Name of the counterpar
Page 153 and 154:
Company Name Silver Star Developmen
Page 155 and 156:
3) Export sales 155 2008 2007 Nort
Page 157 and 158:
2. Analysis of business results Ite
Page 159 and 160:
(1) Major reasons for profits or lo
Page 161 and 162:
was NT$ 974,892 thousand and 597,07
Page 163 and 164:
(9) Expected values, possible risks
Page 165 and 166:
165
Page 167 and 168:
Company Name Date established Addre
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4) Business operation of and relati
Page 171 and 172:
Company name Title Name or Rep. 17
Page 173 and 174:
6) Operations overview of affiliate
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2008 Annual Report - MiTAC International

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