Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
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MITAC INTERNATIONAL CORP. AND SUBSIDIARIES<br />
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<br />
DECEMBER 31, 2009 AND 2008<br />
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS,<br />
EXCEPT AS OTHERWISE INDICATED)<br />
1. HISTORY AND ORGANIZATION<br />
1) The Company<br />
MiTAC International Corp. (“the Company”) was incorporated as a company<br />
limited by shares under the provisions of the Company Law of the Republic of<br />
China (R.O.C) on December 8, 1982 and started its operations on December 15,<br />
1982. The main activities of the Company include the design, manufacture, sales<br />
and services of micro-computers, mobile communications and related products as<br />
well as other related investments. As of December 31, 2009, the Company and its<br />
subsidiaries had 9,622 employees.<br />
2) Subsidiaries included in the consolidated financial statements and their changes<br />
The business activities of the Company and its controlled subsidiaries (collectively<br />
referred herein as the Group) and the Company’s ownership percentages of its<br />
controlled subsidiaries are shown below:<br />
1. General investments holding:<br />
Subsidiary<br />
Tsu Fung Investment Corp.<br />
(TFC) and its subsidiaries<br />
Ownership (%)<br />
Investor<br />
December 31,<br />
2009 2008<br />
MiTAC International Corp. 100% 100%<br />
Description<br />
Silver Star Developments Ltd. MiTAC International Corp. 100% 100%<br />
Foreground Technology Ltd. MiTAC International Corp. 100% 100%<br />
Mio Limited Silver Star Developments Ltd. - 100% Note 2<br />
System Glory International Ltd. Silver Star Developments Ltd. 100% 100%<br />
Pacific China Corp. Silver Star Developments Ltd. 100% 100%<br />
Magicmate Group Ltd. Silver Star Developments Ltd. 100% 100%<br />
Best Profit Ltd. Silver Star Developments Ltd. 100% 100%<br />
Sky Universe Enterprise Ltd. Silver Star Developments Ltd. 100% 100%<br />
Mass Bridge Ltd. Silver Star Developments Ltd. 100% 100%<br />
Great Rich Ltd. Silver Star Developments Ltd. 100% 100%<br />
MiTAC Star Service Ltd. Pacific China Corp. 100% 100%<br />
Software Insights Ltd. Pacific China Corp. 100% 100%<br />
Start Well Tecnology Ltd. Pacific China Corp. 100% 100%<br />
Dynamic Star Investments Ltd. Pacific China Corp. 100% 100%<br />
Huge Extend Ltd. Pacific China Corp. 100% 100%<br />
Bright Crown Management Ltd. Pacific China Corp. 100% 100%<br />
MiTAC Cooperatie U.A. Great Rich Ltd. 100% 100%<br />
Booming Enterprises Inc. Best Profit Ltd. 100% 100%<br />
<strong>To</strong>p Sheen Enterprises Ltd. Best Profit Ltd. 100% 100%<br />
MiTAC Netherlands B.V. MiTAC Cooperatie U.A. 100% 100%<br />
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