Letter To Shareholders - Mitac

D) The relation of business and important transactions between the Company and its subsidiaries
For the year ended December 31, 2009
Company Name
MiTAC International Corp.
Name of the counterparty
Silver Star Developments Ltd.
(SSDL) and its subsidiaries
~157~
Transaction
Relationship with the
counterparty (Note 1) General Ledger Account Amount Transaction terms
Percentage of consolidated total operating
revenue or total assets (Note 2)
(1) Sales $ 13,568,327 Note 3 21.41%
" " (1) Purchases 7,877,074 Note 4 12.43%
" " (1) Accounts receivable 6,134,713 Note 3 11.41%
" " (1) Accounts payable 2,998,770 Note 4 5.58%
" " (1) Warranty expense 780,511 Note 4 1.23%
" " (1) Accrued expenses / Other payables 203,414 Note 4 0.38%
" " Other payable(Loans) 1,441,350 2.68%
" " (1) Endorsements and guarantees 353,982 0.66%
" Tsu Fung Investment Corp. and
its subsidiaries
" Foreground Technology Ltd. and
its subsidiaries
(1) Endorsements and guarantees 100,000 0.19%
(1) Sales 1,232,138 Note 3 1.94%
" " (1) Purchases 478,594 Note 4 0.76%
Silver Star Developments Ltd.
(SSDL) and its subsidiaries
MiTAC International Corp. (2) Sales 7,613,529 Note 3 12.01%
" " (2) Purchases 14,263,193 Note 4 22.51%
" " (2) Accounts receivable 2,998,770 Note 3 5.58%
" " (2) Accounts Payable 6,134,713 Note 4 11.41%
" " (2) Other receivables 1,644,764 Note 3 3.06%
" " (2) Other revenues 780,511 Note 3 1.23%
Foreground Technology Ltd. and
its subsidiaries
MiTAC International Corp. (2) Sales 478,594 Note 3 0.76%
" " (2) Purchases 1,232,138 Note 4 1.94%
For the year ended December 31, 2008
Transaction
Company Name
Name of the counterparty
Relationship with the
counterparty (Note 1) General Ledger Account Amount Transaction terms
Percentage of consolidated total operating
revenue or total assets (Note 2)
MiTAC International Corp. Silver Star Developments Ltd.
(1) Sales $ 9,924,934 Note 3 15.33%
(SSDL) and its subsidiaries
" " (1) Purchases 17,359,253 Note 4 26.82%
" " (1) Accounts receivable 4,601,723 Note 3 8.72%