Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Note 3: Equal to 50% of the net worth based on the financial statements audited or reviewed by independent accountants.<br />
(3) Endorsements and guarantees provided during the year ended December 31, 2009:<br />
Endorser / guarantor<br />
Party being endorsed<br />
/ guaranteed<br />
Silver Star Developments Ltd. MiTAC Computer<br />
(Shunde) Corp.<br />
Relationship with the<br />
endorser / guarantor<br />
Limit on<br />
endorsements /<br />
guarantees provided<br />
for a single party<br />
Note: Equal to the net worth based on the financial statements audited by independent accountants.<br />
(4) Marketable securities as held of December 31, 2009:<br />
Security held by Type<br />
Name of marketable<br />
securities<br />
Tsu Fung<br />
Stocks Synnex Technology<br />
Investment Corp.<br />
International Corp.<br />
〃 〃 UPC Technology<br />
Corporation<br />
〃 〃 Lien Hwa Industrial<br />
Corp.<br />
〃 〃 MiTAC International<br />
Corp.<br />
Maximum<br />
outstanding<br />
endorsements<br />
guarantee amount<br />
during 2009<br />
the Outstanding<br />
endorsements /<br />
guarantees amount at<br />
Dec.31, 2009<br />
the Amount of<br />
endorsements /<br />
guarantees with<br />
collateral placed<br />
Ratio of accumulated<br />
endorsements /<br />
guarantees amount to<br />
net asset value of the<br />
Company<br />
Ceiling on total<br />
amount of<br />
endorsements /<br />
guarantees provided<br />
Subsidiaries $15,010,867 $388,800 $ - $ - - $15,010,867<br />
(Note)<br />
December 31, 2009<br />
Relationship with the issuer General ledger account<br />
Number of<br />
Market value<br />
Book value Percentage<br />
shares<br />
(Note )<br />
None<br />
Available-for-sale financial 2,023,081 $140,604 0.15% $140,604<br />
assets -current<br />
〃 〃 6,402,969 111,412 0.76% 111,412<br />
〃 〃 1,192,884 18,788 0.15% 18,788<br />
Tsu Fung’s investor company<br />
accounted for under the equity<br />
method<br />
〃 20,366,568 337,067 1.33% 337,067<br />
〃 〃 Getac Technology Corp. None 〃 14,329,741 443,308 2.56% 443,308<br />
〃 〃 Loyalty Founder<br />
〃 〃 100,000 753 0.04% 753<br />
Enterprise Co.,Ltd.<br />
〃 〃 Linpus Technology Corp. 〃 Financial assets carried at 3,613,532 3,485 18.68% 3,485<br />
cost-non current<br />
〃 〃 Harbinger Venture<br />
〃 〃 536,500 479 19.99% 479<br />
Management Co., Ltd.<br />
〃 〃 3Probe Technologies<br />
〃 〃 6,000 30 0.13% 30<br />
Corp.<br />
〃 〃 Cirocomm Technology<br />
〃 〃 2,352,086 24,560 4.73% 24,560<br />
Corp.<br />
〃 〃 Lien Yung Investment<br />
〃 〃 9,015,254 87,969 19.99% 87,969<br />
Corp.<br />
〃 〃 G. Marso Electronics, Inc. 〃 〃 773,488 8,622 4.50% 8,622<br />
〃 〃 Mio Technology Corp. Tsu Fung’s investee company<br />
accounted for under the equity<br />
methods.<br />
Long-term investment<br />
accounted for under the<br />
equity method.<br />
500,000 25,620 100.00% 25,620<br />
~149~
Change language