3596

Arcadyan Technology Corporation

http://mops.twse.com.tw

http://www.arcadyan.com

/ / (03) 578-7000

investor@arcadyan.com

9 4 (03) 578-7000

210 1 022586-5859 http://www.yuanta.com.tw

7 68 028101-6666 http://www.kpmg.com.tw

http://www.arcadyan.com

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- 1 -

() 16,122,308

40.4% 1,090,120 630,911 5.03

()

199% 40%

630,911 9.1% 14.7%

() 1. 802.11n ()

ADSL/VDSL IAD 2. IAD GPON ONTDECT

3G/LTEConcurrent 802.11nFemtocellDLNA

() 1.

2. 3. 4. Tablet PC

- 2 -

() VoIP VoIP

13,000 10% ()

1. 11n 11n Tablet PC SIP ISP CPE IPV6 IADFixed mobile convergence Femtocell IADLTE IAD/ GPON

2. 802.11n

3. JDM 4.

()

Triple Play Enable Triple play IAD IP Set-top boxGPON Femtocell

()

EMS

time to market

- 3 -

- 4 -

92 5 9

()

9701 11n 9708 9712 802.11n Video Streaming 9803 105,810

1,075,461 9804 Concurrent 11n 9805 3GIAD 9809 TOSHMS:2007 9810 DSL-EasyBox 80298

9902 VDSL IAD 9906 GPON ONT 9906 OMCI S/W module 9910 3x3 11N

()

993 Arcadyan Holding (BVI) Corp.156,751100%

- 5 -

()100 4 30

- 6 -

()

1. 2. 3. 4.

1. 2. 3.

1. 2. 3.4.

1. 2. 3.ERP/MES 4.

1. 2. 3. 4. 5.

1.

2.

- 7 -

() 100 4 26

()

() 97.06.13 95.10.12 18,221,519 20.57% 22,376,302 17.75% 0 0% 0 0%

() 97.06.13 95.10.12 18,221,519 20.57% 22,376,302 17.75% 0 0% 0 0%

() 97.06.13 95.10.12 18,221,519 20.57% 22,376,302 17.75% 0 0% 0 0%University of Leicester MBA

97.06.13 95.10.12 785,191 0.89% 926,476 0.73% 69,517 0.06% 0 0%

97.06.13 97.06.13 0 0% 0 0% 0 0% 0 0%

97.06.13 97.06.13 0 0% 0 0% 0 0% 0 0%

97.06.13 97.06.13 0 0% 0 0% 0 0% 0 0%

() 97.06.13 92.05.09 4,143,374 4.68% 4,642,960 3.68% 0 0% 0 0%

97.06.13 97.06.13 0 0% 0 0% 0 0% 0 0%

97.06.13 97.06.13 0 0% 0 0% 0 0% 0 0%

- 8 -

()()()()()()()

() Arcadyan Holding (BVI) Corp.Arcadyan Technology N.A. CorporationArch Holding (BVI) Corp.Compal

Electronics (Holding) Ltd.Compal Electronics International Ltd.Compal International Holding Co., Ltd.Compal International Ltd.Etrade Management Co.,Ltd.Flight Global Holding Inc. Forever Young Technology Inc. Giant Rank Trading LimitedHigh Shine Industrial Corp.Just International (Singapore) Pte. Ltd.Just International Ltd.Prospect Fortune Group Ltd.Sinoprime Global Inc.Smart International Trading Ltd.Webtek Technology Co.,LtdCompal Display Holding (HK) Limited.Compal International Holding (HK) Limited.Goal Reach Enterprises Ltd.Intelligent Universal Enterprise Ltd.Wah Yuen Technology Holding Ltd.Big Chance International Co., Ltd.Bizcom Electronics, Inc.Center Mind International Co., Ltd.Jenpal international Ltd. ()()()()()()()()()()()()()()()()()()()()()()()()()()()

()()()()()()()()

Bizcom Electronics, Inc.()()()()()()()()()()()

()

() () Great Arch Group LimitedLeading Images Limited()

()()

()

- 9 -

Astoria Networks Inc.()() Arcadyan Holding (BVI) Corp.Arcadyan Technology N.A. CorporationArch Holding (BVI) Corp.Sinoprime

Global Inc.() () Arcadyan Technology N.A. Corporation()

Arcadyan Germany Technology GmbH () () ()()()()

() () ()()() () () () ()() ()

()() ()

()()Accton Investment CorporationAccton Asia Investments Corporation (BVI)Global Business Investments (B.V.I.) Corp.Accton Century Holding (BVI) Co. Ltd. Accton Network (BVI) Co. Ltd.Accton Technology (China) Co.,Ltd.Horwood Limited

() () ()()()

NII

- 10 -

100 4 26 ()

()

(5.78%)(3.88%)(3.45%)()(3.42%)(2.69%)()(2.37%)()(2.17%)()(1.62%)(1.54%)(1.48%)

()

()(10.27%)(2.98%)(1.65%)()(1.32%)() HSBC (1.16%)(1.12%)(0.91%)(0.91%)(0.76%)(0.58%)

100 4 26

() ()(8.51%)()(3.17%)(2.86%)(2.70%)(2.22%)(1.86%)(1.74%)()(1.59%)()(1.52%)(1.32%)

() (100.00%) () ()(100.00%) () ()(100.00%) () (98.00%)(1.00%)(1.00%)

- 11 -

100 4 30

1 2 3 4 5 6 7 8 9 10

()

0 ()

0

() 0

1

1

0

0 () 0

1

3

1 2(

) 3

4 5

6

7

8 9 30 (10) 27

- 12 -

() 100 4 26

()

92.05.09 926,476 0.73% 69,517 0.06% 0 0%

92.05.09 29,125 0.02% 0 0% 0 0%

92.12.19 267 0.00% 326 0% 0 0%

92.05.09 10,074 0.01% 0 0% 0 0%

92.05.09 84,212 0.07% 2,402 0% 0 0%

95.11.01 179,422 0.14% 0 0% 0 0% George Washington University

96.04.16 22,000 0.02% 0 0% 0 0% Leicester University MBA

95.04.17 16,600 0.01% 0 0% 0 0%

Astoria Networks Inc.()()

Arcadyan Technology N.A. Corp.Arcadyan Holding (BVI) Corp. Arch Holding (BVI) Corp. Sinoprime Global Inc. (BVI)()

() Arcadyan Technology N.A. Corp.() Arcadyan Germany Technology GmbH

() () ()

Leading Images Limited

() Great Arch Group Ltd.Leading Images Limited

()()

- 13 -

()

1.

(A) (B)

(C)

(D)

AB C D

(E)

(F) (G)

(H)

ABCDEF G

()

()

()

0 0 0 0 4,894 4,894 720 720 0.89% 0.89% 6,872 6,872 120 120 2,000 0 2,000 0 0 0 2.32% 2.32%

1100 99 2 3100 99

(A+B+C+D) (A+B+C+D+E+F+G)

I

J

2,000,000

2,000,000 5,000,000 () () () () () 5,000,000 10,000,000 () - - 10,000,000 15,000,000 () - - - - 15,000,000 30,000,000 () - - - - 30,000,000 50,000,000 () - - - - 50,000,000 100,000,000 () - - - - 100,000,000 - - - - 8 8 8 8

- 14 -

2.

(A) (B) (C)

AB C

0 0 1,835 1,835 270 270 0.33% 0.33%

1100 99

(A+B+C)

D 2,000,000 () () 2,000,000 5,000,000 () - - 5,000,000 10,000,000 () - - 10,000,000 15,000,000 () - - 15,000,000 30,000,000 () - - 30,000,000 50,000,000 () - - 50,000,000 100,000,000 () - - 100,000,000 - - 4 4

- 15 -

3. %

(A) (B)

(C)(D)

ABC D

15,870 15,870 872 ( 1)872

( 1)12,243( 2)

12,243( 2) 7,401 0 7,401 0 5.77% 5.77% 0 0

1 2 3100 99

(E)

2,000,000 - - 2,000,000 5,000,000 () 5,000,000 10,000,000 () 10,000,000 15,000,000 () - - 15,000,000 30,000,000 () - - 30,000,000 50,000,000 () - - 50,000,000 100,000,000 () - - 100,000,000 - - 7 7

- 16 -

100 4 30

0 7,401 7,401 1.17%

100 99

()

99 98

% %

44,105 6.99% 48,379 7.87%

630,911 614,571

- 17 -

()

5

()

() (%)

() 5 0 100%

() 4 1 100%

() 5 0 100%

5 0 100% 5 0 100% 4 0 80% 5 0 100% 97 6 13

14 3

1.99 16

2.

3.99

4.99

5.99

- 18 -

()

()

5

(%)

() 5 100%

4 80% 3 60%

97 6 13

()

()

(1)

(2)

- 19 -

()

1.

2.

3.

1.

2.

3.

1.

2.

3.

1.

2.

1.

2.

1.

2.

- 20 -

1.

2.

1.

www.arcadyan.com

2.

3.

1.

2.

- 21 -

3.

4.

5.

6.

99

7.

CIA()

8.

9.

10.

- 22 -

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

()

- 23 -

()

()

()

()()

()

()

()

()

1.

2.946AFAQ-EAQA Management System Environment Management System- ISO 14001:2004EAQA/BestCERT Management SystemOccupational Health and Safety Management System- OHSAS 1800198TOSHMS:200798

- 24 -

TL9000ISO9001ISO14001OHSAS18001

TOSHMS

()

1.

2.

3.

4.

()

www.arcadyan.com

- 25 -

()

1.www.arcadyan.com

2.

- 26 -

()

1. ()

100426

99

(

1.2.3. 4.5.

991231

1004267

()

- 27 -

2.

()

()

1. 99 6 25

773 RF A1

(1) 98 (2) 98

2.30 (3)

20 (4) (5) (6) (7) (8)

99 8 9 99 8 27 99 9 21

- 28 -

2.

99 3 8 1. 98

2. 98 3. 98 4. 98 5. 99 6. 99 7. 99 8. 99

99 4 29 1. 99

2. 98 3. 4. 5. 6. 7. 8. 99 9. 99

10.11.

99 7 12 1. 98 2. 99 3. 4.

99 8 25 1. 99 2. 99 3. 99 4. 99 5. 99

6.

99 10 28 1. 99 2. 100 3. 99 4. 99

5.

- 29 -

100 3 30 1. 99

2. 99 3. 99 4. 100 5. 100 6. 7. 100

8. 100

9.

100 4 26 1. 99 2. 100 3. 99 4. 5. 100

6. 100 7. 100 8. 100

9. 10.

()

()

- 30 -

()

99 1 1

12 31

1 2,000 V

2 2,000 4,000 V V 3 4,000 6,000 4 6,000 8,000 5 8,000 10,000 6 10,000

()

()

()

- 31 -

()

99 4 26

/ 438,660 0 0 0

/ 438,660 0 0 0

/ 438,660 0 0 0

78,750 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

91,019 0 0 0

0 0 0 0 0 0 0 0 (184,783) 0 (107,000) 0 (647,841) 0 (28,000) 0 (408,490) 0 (50,000) 0 (295,997) 0 0 0 34,890 0 0 0 12,000 0 (9,000) 0 4,158 0 2 ,600 0

()

1. 2.

- 32 -

100 4 26

()

()

22,376,302 17.75% 0 0% 0 0% ()()()()

()()()()

()

7,068,561 5.61% 0 0% 0 0% ()

()

7,068,561 5.61% 0 0% 0 0% ()

()

5,755,837 4.57% 0 0% 0 0% ()

()

4,642,960 3.68% 0 0% 0 0% Accton Investment Corporation

()

3,910,070 3.10% 0 0% 0 0% ()

Accton Investment Corporation

3,385,281 2.69% 0 0% 0 0% ()

3,068,713 2.43% 0 0% 0 0%

3,029,528 2.40% 0 0% 0 0%

2,939,478 2.33% 0 0% 0 0% 0 0% 0 0% 0 0% ( )

( ) ( ) ( )()

0 0% 0 0% 0 0% () Accton Investment Corporation

() Accton Investment Corporation

- 33 -

100 3 31

Arcadyan Technology N.A. Corp.

1,000 100.00% 0 0% 1,000 100.00%

Arcadyan Germany Technology GmbH

500 100.00% 0 0% 500 100.00%

Arcadyan Holding (BVI) Corp.

23,780,148 100.00% 0 0% 23,780,148 100.00%

() 4,800,000 100.00% 0 0% 4,800,000 100.00%() 0 0% 4,800,000 48.00% 4,800,000 48.00%Sinoprime Global Inc. (BVI)

0 0% 50,000 100.00% 50,000 100.00%

Arch Holding (BVI) Corp. 0 0% 34,900 100.00% 34,900 100.00%

0 0% 0 100.00% 0 100.00%

()

0 0% 0 100.00% 0 100.00%

- 34 -

() 100 4 30

()

98 4 10 120,000 1,200,000 109,694 1,096,937 105,810 21,476

98410980009113

98 5 10 120,000 1,200,000 109,811 1,098,107 1,170

985130980013287

98 9 10 120,000 1,200,000 110,055 1,100,552 2,445

989140980025602

98 10 10 150,000 1,500,000 112,421 1,124,208 23,656 9810150980028981

98 12 10 150,000 1,500,000 122,421 1,224,208 100,000 9812240980036192

99 3 10 150,000 1,500,000 123,031 1,230,314 6,106

993230990007534

99 5 10 150,000 1,500,000 123,063 1,230,628 314

995170990013729

99 8 10 150,000 1,500,000 125,524 1,255,240 24,612 998230990024637

99 9 10 150,000 1,500,000 125,550 1,255,500 260

99980990026600

99 11 10 150,000 1,500,000 125,658 1,256,580 1,080

9911150990034040

100 4 10 150,000 1,500,000 125,994 1,259,936 3,356

1004141000010541

- 35 -

100 4 30

()

126,061,740 23,938,260 150,000,000

1.2. 100 4 30 681

()

100 4 26

0 8 46 8,706 36 8,796 0 3,979,731 68,774,958 47,628,817 5,678,234 126,061,740 0.00% 3.16% 54.56% 37.78% 4.50% 100.00% 100 4 30 68,100

() 10 100 4 26

1 999 2,594 256,748 0.20% 1,000 5,000 4,475 9,067,282 7.19% 5,001 10,000 809 5,935,563 4.71% 10,001 15,000 318 3,826,271 3.04% 15,001 20,000 161 2,856,764 2.27% 20,001 30,000 152 3,699,825 2.93% 30,001 40,000 69 2,386,733 1.89%

40,001 50,000 45 2,029,272 1.61% 50,001 100,000 102 7,202,643 5.71% 100,001 200,000 30 4,032,080 3.20% 200,001 400,000 19 5,094,294 4.04% 400,001 600,000 0 0 0.00% 600,001 800,000 3 1,976,751 1.57%

800,001 1,000,000 1 926,476 0.73%1,000,001 18 76,771,038 60.91%

8,796 126,061,740 100.00% 100 4 30 68,100

- 36 -

() 100 4 26

22,376,302 17.75% 7,068,561 5.61% 7,068,561 5.61% 5,755,837 4.57% 4,642,960 3.68% 3,910,070 3.10% ACCTON INVESTMENT CORPORATION

3,385,281 2.69%

3,068,713 2.43%

3,029,528 2.40% 2,939,478 2.33%

()

98 99

100 4 30

91.00 98.60 62.90 62.30 56.80 46.10 - 61.68 55.69 -

76.19 75.11 54.25 33.68 35.27 36.34

31.37 - - 109,593 125,554 125,970

5.61 5.03 1.03 111,796 1 -

5.50 1 -

2.30 1 - - 1 -

0.2 1 -

- - - 13.58 14.93 - 33.13 1 -

3.02% 1 -

199

- 37 -

2 3 4

()

1.

()

(1) (2) (3)

2. 100 1.10

90 20

3.

()

100

()

1.

()

- 38 -

(1) (2) (3)

2.

99

100

3. 100

67,295,601 6,729,559 99 67,295,601 99

10.7%

5.03 4. 66,373,616

6,637,363

()

- 39 -

() 100 4 30

94 95 96 96 12 18 () 94 12 1 95 7 14 96 12 25 5,209 180 2,600,000

4.13% 0.14% 2.06%

10 10 7

% 50 100

50 100

40 70 100

4,993 180 1,138 49,930 1,800 34,427 216 0 1,462

10 - 29.3

% 0.17% 0% 1.16%

- 40 -

()

94

100 4 30

()

()

970 0.77% 870 10 8,700 0.69% 100 10 1,000 0.08%

- - 0 0% 0 0 0 0% 0 0 0 0%

95 100 4 30

()

()

0 0% 0 0 0 0% 0 0 0 0%

- - 0 0% 0 0 0 0% 0 0 0 0%

- 41 -

96 100 4 30

()

()

780 0.62% 124 31, 29.3 3,667 0.10% 656 29.3 19,221 0.52%

- - 0 0% 0 0 0 0% 0 0 0 0%

()

()

- 42 -

()

1.

78.7% 17.0% 4.3 %

100.0 %

2.

xDSL IAD VoIP 802.11n FemtocellLTEIMS SMBSmall and Medium Business

()

1.

2010 3,005 2009

2011 3,246

- 43 -

2010

2009 40%

2010 3GFemtocell VoIP/IPTV IPTV

3G/LTE IP

IP STBCable Modem

VDSL ADSL

VoIP IPTV whole-home DVR(Home Automation)

2.

- 44 -

3.

IAD

FTTx + VDSL2 FTTx+ VDSL2 VDSL VDSL xDSL

G/E PON2010 5 10% 2011 11.4% 5.76 2011

NotebookNetbook

(Mobile Broadband/Fixed Mobile Convergence)

3G/LTE IAD (Home Gateway)Femtocell CPE

- 45 -

()

1. %

99 574,191 16,122,308 3.6 % 100 153,008 3,853,505 4.0%

2.

GPON ONT

33 11N OMCI S/W module

- 46 -

()

1. (1)

A.

B.

(2) A.

(3) A. B.

(4) A.

B. 2.

(1) A.

B.

(2) A.

B.

(3) A.

B.

- 47 -

(4) A.

B.

()

1.

49.1 % () 23.6 % 26.4 % 0.9 % 100.0 %

2.

xDSLInfonetics99xDSL IAD12,164,910IAD30%xDSL7%

3.

(Connected TV)IP STBWLAN module/dongle IP STBSTBSmart TVIP STB2011IP STB23%3,570 SmartTVIP STBIP STB

WLANNB/PCWiFi module

- 48 -

WLANWiFi module

2011WLAN10.7%39.8

2010510%201111.4%5.762011

4.

ODM Original Design Manufacturer

Early Access Partner

Access Technology

A. B. C. D. E.

- 49 -

802.11n solutionVDSLPONIPTVInternet Protocol TelevisionISPISP

5.

(1)

Early Access Partner

TRIPOLISManagementFirewall/SecurityQoSQuality of ServiceHigh Voice Quality on VoIPTriple Play

(2)

- 50 -

(3)

Wired routerADSLVOIP802.11nVDSLvery high bit-rate DSLISDNWide-band DECTSIP ProxySession Initiation ProtocolIPv63G/LTE

()

1.

VoIPIADxDSL

- 51 -

2.

()

BD

- 52 -

()()

1.

98 99 100 3 31

(%)

(%)

3 31

(%)

1 Sinoprime Global Inc 6,147,716 59.6% Sinoprime Global Inc 9,006,907 62.3%

Sinoprime Global Inc 1,647,355 50.6%

2 A 1,203,844 11.7% B 1,433,272 9.9% B 575,043 17.7% 3 C 688,718 6.7% D 1,301,575 9.0% D 430,699 13.2% 2,276,504 22.0% 2,707,710 18.8% 599,731 18.5% 10,316,782 100.0% 14,449,464 100.0% 3,252,828 100.0%

2.

98 99 100 3 31

(%)

(%)

3 31 (%)

1 Great Arch Group Ltd.

2,463,199 21.4%

Great Arch Group Ltd

2,834,675 17.6%

Great Arch Group Ltd

789,640 20.5%

2 1,509,074 13.1% 2,622,185 16.3% 613,866 15.9%

3 1,133,600 9.9% 1,850,419 11.5% 546,985 14.2% 4 752,166 6.6% 1,579,731 9.8%

305,622 7.9%

5,629,100 49.0% 7,235,298 44.8% 1,597,392 41.5% 11,487,139 100.0% 16,122,308 100.0% 3,853,505 100.0%

- 53 -

()

//

98 99

9,975 8,793,650 12,806 12,386,296

8,205 1,605,483 15,379 3,072,197

496,932 411,121

18,180 10,896,065 28,185 15,869,614

()

//

98 99

1,301 1,325,430 8,149 8,168,243 1,495 1,746,734 11,141 10,935,482

3,907 246,911 4,192 1,217,543 7,234 545,675 7,883 2,204,093

423,351 105,661 274,146 416,178 5,208 1,995,692 12,341 9,491,447 8,729 2,566,555 19,024 13,555,753

- 54 -

%

98 99 100

4 30

17 17 17 228 252 258 142 155 153

387 424 428 36.8 37.4 37.6 4.5 4.8 4.6

1.3% 1.4% 1.2%

41.1% 43.2% 43.5%

54.8% 53.3% 53.2%

2.8% 2.1% 2.1%

0.0% 0.0% 0.0%

()

- 55 -

459471

6

()

- 56 -

96 2

96 5 25 99 5 24 3

983310632

99101102930

3

96 12 29

100 3 1 101 7 31

- 57 -

()

95 96 97 98 99

100 331

3,456,914 3,696,913 4,228,918 5,594,999 5,912,320 6,203,876 46,455 583,565 596,356 721,961 770,246 701,791 215,983 274,972 271,794 248,760 651,530 639,692 22,695 30,199 30,119 23,974 46,471 43,594 5,987 50,429 7,358 7,419 33,613 48,950 3,748,034 4,636,078 5,134,545 6,597,113 7,414,180 7,637,903

2,016,444 2,367,838 2,372,154 2,451,802 2,965,542 3,053,638 2,028,793 2,627,102 2,718,058 2,734,846 0 0 0 0 0 0 13,733 14,207 24,819 5,154 7,137 4,686

2,030,177 2,382,045 2,396,973 2,456,956 2,972,679 3,058,324 2,042,526 2,641,309 2,742,877 2,740,000 700,000 879,324 975,501 1,229,362 1,259,447 1,260,044 693,153 658,153 622,726 1,525,664 1,511,433 1,512,441

325,576 720,819 1,139,375 1,397,059 1,744,926 1,874,734 180,227 421,555 782,488 1,114,015

0 0 0 0 0 0

(872) 4,263 (30) (11,928) (74,305) (67,640)

0 0 0 0 0 0

1,717,857 2,254,033 2,737,572 4,140,157 4,441,501 4,579,579

1,705,508 1,994,769 2,391,668 3,857,113

1100 3 31

299

- 58 -

()

95 96 97 98 99

100331

7,581,223 9,528,921 10,541,537 11,487,139 16,122,308 3,853,505 1,115,418 1,578,993 1,793,663 1,665,248 2,155,087 417,761 375,599 711,732 802,599 659,254 1,090,120 126,123 24,475 112,199 99,688 126,263 272,943 177,089

31,886 196,746 20,154 24,074 559,374 143,164

368,188 627,185 882,133 761,443 803,689 160,048

320,229 540,592 717,820 614,571 630,911 129,808

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

320,229 540,592 717,820 614,571 630,911 129,808() 5.54 5.01 6.50 4.95 5.03 1.03

1 2100 3 31 399

()

95

96 97

98 99

- 59 -

95 96 97 98 99 100

331 54.17 51.38 46.68 37.24 40.09 40.04

795.37 819.73 1,007.22 1,664.32 681.70 715.90

171.44 156.13 178.27 228.20 199.37 203.16 129.77 97.46 126.62 155.64 120.31 135.35

41.39 523.65 455.71 1,144.31 111.67 64.51

4.74 4.81 5.32 4.55 5.17 4.64 77 76 69 80 71 79 10.64 7.18 6.66 6.60 6.83 6.30 4.11 4.77 5.57 6.97 12.17 13.60 34 51 55 55 53 58 35.10 34.65 38.79 46.18 24.75 24.10

2.02 2.06 2.05 1.74 2.17 2.02 10.41 12.92 14.72 10.49 9.09 1.75 30.91 27.22 28.76 17.87 14.70 2.88

53.66 80.94 83.44 53.63 86.56 10.01 52.60 71.33 90.43 61.94 63.81 12.70 4.22 5.67 6.81 5.35 3.91 3.37

() 5.54 5.01 6.50 4.95 5.03 1.03 0 27.90 45.04 0 0 19.02 (54.28) (0.35) 32.17 49.23 34.51 52.61

(14.80) 26.96 28.09 (7.70) (5.84) 11.61 1.29 1.18 1.18 1.22 1.14 1.30

1.02 1.00 1.00 1.00 1.01 1.02

20 1.

2. 3. 4. 5. 6. 7. 8. 9. 10. 1100 3 31 299 3

1. (1) (2)

- 60 -

2. (1) (2) (3)

3. (1)()

() (2)365 (3) (4)()

() (5)365 (6) (7)

4. (1) (2) (3) (4)

5. (1) (2)(

) (3)()(

) 6.

(1)() (2) ()

4 1. 2. 3.

4.

5 1. 2. 3. 4. 5.

6

- 61 -

- 62 -

(88) () 18311 0930104860

- 63 -

99.12.31 98.12.31

1100 (()) $ 243,023 3 195,623 3 1310

-(() ()) 18,091

-

401,875

6

1140 (()) 1,977,730 27 1,499,150 23 1150 () 1,187,184 16 1,572,763 24 1180 () 42,915 1 62,278 1 1190 () 52,531 1 65,739 1 1210 (()) 2,322,575 31 1,765,742 27 1286

(()) 68,701

1

31,829

-

5,912,320 80 5,594,999 85 1421 (

()) 770,246

10

715,551

11

1481 (())

-

-

6,410

-

770,246 10 721,961 11 (()) 1501 445,414 6 - - 1531 299,309 4 300,490 5 1545 194,626 3 166,202 3 1537 126,775 2 123,958 2 1681 26,704 - 26,999 -

1,092,828 15 617,649 10 15X9 (441,298) (6) (368,889) (6)

651,530 9 248,760 4 1780 46,471 1 23,974 - 1820

(()) 33,613

-

7,419

-

$ 7,414,180 100 $ 6,597,113 100

99.12.31 98.12.31

2100 (()) $ 1,218,848 16 93,380 1 2140 434,267 6 1,009,907 15 2150 () 411,853 6 438,630 7 2160 177,715 2 128,720 2 2170

() 498,223

7

595,787

9

2180 (()())

21,331

-

-

-

2283 2,03,305 3 185,378 3 2,965,542 40 2,451,802 37

2810 (()())

7,137

-

5,154

-

2,972,679 40 2,456,956 37 (())

3110 1,256,580 17 1,224,208 19 3140 2,867 - 5,154 -

1,259,447 17 1,229,362 19 3210 1,511,433 21 1,525,664 23

3310 224,465 3 163,008 2 3320 11,928 - 30 - 3350 1,508,533 20 1,234,021 19

1,744,926 23 1,397,059 21 3420 (74,305) (1) (11,928) -

4,441,501 60 4,140,157 63 () $ 7,414,180 100 $ 6,597,113 100

()

- 64 -

99 98

4110 () $ 16,139,332 100 11,510,225 100 4190 17,024 - 23,086 - 16,122,308 100 11,487,139 100 5110 (()) 13,967,525 87 9,823,427 86 2,154,783 13 1,663,712 14 5930 304 - 1,536 - 2,155,087 13 1,665,248 14 () 6100 204,224 1 194,377 2 6200 286,552 2 259,089 2 6300 574,191 4 552,528 5 1,064,967 7 1,005,994 9 1,090,120 6 659,254 5 7121 (()) - - 74,473 1 7310 (()

())

227,003

2

31,930

-

7480 (()) 45,940 - 20,580 - 272,943 2 126,983 1 7521 (

())

90,152 - - -

7560 280,117 2 22,974 - 7640 (()(

))

183,087 1 720 -

7880 6,018 - 1,100 - 559,374 3 24,794 - 803,689 5 761,443 6 8110 (()) 172,778 1 146,872 1 $ 630,911 4 614,571 5

9750 ()(()) $ 6.40 5.03 6.95 5.61 -() $ 6.81 5.50 9850 ()(()) $ 6.25 4.91 6.74 5.44 -() $ 6.61 5.34

()

- 65 -

$ 969,651 5,850 622,726 91,226 - 1,048,149 (30) 2,737,572 (1) - - - 71,782 - (71,782) - - - - - - 30 (30) - - () 10,983 - - - - (356,887) - (345,904) () 12,673 - 67,432 - - - - 80,105 105,810 - 235,956 - - - - 341,766 100,000 - 578,300 - - - - 678,300

- - 10,700 - - - - 10,700

25,091 (696) 10,550 - - - - 34,945 - - - - - - (11,898) (11,898) - - - - - 614,571 - 614,571 1,224,208 5,154 1,525,664 163,008 30 1,234,021 (11,928) 4,140,157 (2) - - - 61,457 - (61,457) - - - - - - 11,898 (11,898) - - - - - - - (283,044) - (283,044) 24,613 - (24,613) - - - - - 7,759 (2,287) 10,382 - - - - 15,854 - - - - - - (62,377) (62,377) - - - - - 630,911 - 630,911 $ 1,256,580 2,867 1,511,433 224,465 11,928 1,508,533 (74,305) 4,441,501

19,53998,5731511,558

26,63766,374

()

- - - 66 -

99 98 $ 630,911 614,571 100,372 103,340 8,271 (19,644) 22,731 2,598 () 90,152 (74,473) 405,115 (489,936) () (100,842) (1,069,404) () 19,363 (62,191) (579,488) (558,462) - 10,700 () 13,208 (18,494) () (37,499) 944 () (602,417) 77,559 () 48,995 (22,223) () (80,549) 107,637 (15,762) 876 (77,439) (1,396,602) (220,000) (64,680) 6,532 - (493,871) (77,798) (25,264) (5,171) (788) 140 (733,391) (147,509) 1,125,468 93,380 (283,044) (345,904) - 1,020,066 15,854 34,945 (48) 8 858,230 802,495 () 47,400 (741,616) 195,623 937,239 $ 243,023 195,623 $ 6,192 665 $ 161,282 166,500 $ 494,783 69,259 () (912) 8,539 $ 493,871 77,798 $ - 80,105

()

- 67 -

()

()

()

424387

()

()

()

- 68 -

()

(

)

()

1.

2.

()

()

()

- 69 -

()

()

1.3~5 2.3~5 3.2 4.3~5

()

- 70 -

1. 2.2~5

()

()

(92)070071072

(96)

- 71 -

267

() ()

(96)052

()

()

()

()

- 72 -

87.3.18(87)()00747

()

()

() 99.12.31 98.12.31 $ 441 444 242,582 195,179 $ 243,023 195,623

() 1.

99.12.31 98.12.31

$ - 400,032

() $ - 6,410

21

()

- 73 -

11.54122

2.

99.12.31 98.12.31

(/)

$ -

-

1,843

USD6,660

(/)

18,091

EUR9,000

-

-

$ 18,091 1,843

(/)

$ 14,922

USD18,800

-

-

(/)

6,409

EUR8,000

-

-

$ 21,331 -

99 98

$ 226,485 31,867 183,087 720

() 99.12.31 98.12.31 $ 1,990,690 1,504,269 (13,390) (5,119) $ 1,977,300 1,499,150

- 74 -

()

99.12.31 98.12.31 $ 1,950,132 1,219,868 (33,894) (26,022) 1,916,238 1,193,846 1,634 320 (302) (320) 1,332 - 435,813 587,903 (30,808) (16,007) 405,005 571,896 $ 2,322,575 1,765,742

99 98 $ 22,731 2,598 (22,000) - 3 - $ 734 2,598

22,7312,598

() 99.12.31 98.12.31

Arcadyan Holding (BVI) Corp. (Arcadyan Holding)

100

$ 649,492

100

616,674

Arcadyan Technology N.A. Corp. (Arcadyan USA)

100

44,983

100

48,735 Arcadyan Technology

Germany GmbH (Arcadyan Germany)

100

1,906

100

1,915

()

100

73,865

100

48,227 $ 770,246 715,551

- 75 -

1.Arcadyan Holding()82.56()()100

Arcadyan Holding63,249(1,960)16,680(490)Arcadyan HoldingAccton Asia Investment Corp. (Accton Asia)17.44156,751(4,900)Arcadyan Holding962,291(29,481)742,291(22,621)

2.Arcadyan Holding5,701(188,820)

3.48,000

4.90,15274,473

()

4539441,769

() 99.12.31 98.12.31

$ 1,218,848 93,380

$ 423,752 1,089,620

0.78%~1.43% 0.80%~1.20%

() 1.

99.12.31 98.12.31 $ 2,297 2,013 69,230 55,777 71,527 57,790 ()

- 76 -

()

99.12.31 98.12.31 $ 44,431 $ 37,786 115,958 95,576 (64,459) (54,118) 51,499 41,458 (18,542) (19,792) (33,704) (16,629) 7,815 - $ 7,068 5,037

2. 99 98

1.75% 2.25% 3.00% 3.00% 1.75% 2.25%

3. 99 98

$ 1,232 1,254 2,150 2,347 (890) (334) 1,175 815 $ 3,667 4,082 $ 18,581 16,901

3,2323,077 ()

1.

10,58132.3

3.15345,90491,088

2,366

10,00068

- 77 -

2,000,0002.30283,04424,6132,461

5,47324,3952,867

59,07451,315

2,000,0001,500,00010 2.

10,00010(96)26710,700

3.

1,0001,00017,989,000

99 98

()

()

2,272,100 $ 29.10 4,781,600 23.07 - - - - (24,000) 29.30 (70,000) 20.65 (547,300) 28.97 (2,439,500) 14.32 - - - - 1,700,800 27.21 2,272,100 29.10 942,100 25.52 730,700 25.09

- 78 -

71.5974.724.11

(1) ()

9412 $ 10.00 957 10.00 9612 29.30

(2)

9495 ()

2 50 3 100 96 ()

2 40 3 70 4 100

(3) (4)

18,429138,934

- 79 -

99 98

$ 630,911 614,571 612,482 475,637 () 5.03 5.61 () 4.88 4.34 () 4.91 5.44 () 4.76 4.21

4.

(1) (2) (3)

(

)

5.

98 97

$ - 80,105 66,374 20,026 6,637 9,690 $ 73,011 109,821

- 80 -

97

$ 100,131 98,573 1,558 9,690 9,539 151 $ 109,821 108,112 1,709

6.

10

67,29666,3746,7296,637

() 1.

92

95.1.1~99.12.31

2.

- 81 -

99 98 $ 184,460 115,366 10 25,817 28,912 210,277 144,278 () - (35,532) - 90,312 () 6,166 (11,338) 4,931 23,648 () 1,738 (1,194) (43,076) (93,483) () (551) 22,015 13,062 10,105 (19,769) (1,939) (37,499) 2,594 $ 172,778 146,872

3.

99 98 $ 136,627 190,351 (43,076) (93,483) - (14,553) 44,607 32,537 13,062 10,105

- (6,995)

10 25,817 28,912 (4,259) (2) $ 172,778 146,872

4. 99.12.31 98.12.31 $ 25,950 32,574 11,051 8,470 26,696 38,661 6,185 11,286 2,391 8,615 15,086 2,717 21,624 6,675 108,983 108,998()

- 82 -

() 99.12.31 98.12.31 (36,852) (79,928) 72,131 29,070 567 667 2,555 9,669

3,122 10,336 $ 69,009 18,734 $ 46,869 18,533 22,140 201 $ 69,009 18,734

5.

6. 99.12.31 98.12.31 $ 1,508,533 1,234,021 $ 234,888 144,584

99 98 26.89%() 19.94%()

() 1.

99 98 $ 803,689 630,911 761,443 614,571 () 125,554 125,554 109,593 109,593 () $ 6.40 5.03 6.95 5.61 ()

111,796 111,796 () $ 6.81 5.50 () 125,554 125,554 109,593 109,593 1,706 1,706 1,318 1,318 1,290 1,290 2,070 2,070 () 128,550 128,550

112,981 112,981

()

- 83 -

() 99 98 () $ 6.25 4.91 6.74 5.44 ()

111,796 111,796

1,318 1,318 2,070 2,070

()

115,184 115,184

$ 6.61 5.34 ()

1.

99.12.31 98.12.31

$ 18,091 18,091 401,875 401,875

-

- 6,410

-

21,331 21,331

-

-

2. (1)

/

(2)

- 84 -

(3)

3.

99.12.31 98.12.31

$ - - 400,032 - - - - 1,843 - 18,091 - -

- 14,922 - - - 6,409 - -

3,2401,864

4. (1)

(2) A.

B.

10

5644

(3)

- 85 -

99.12.31

100.2.18 USD 18,800 NTD 555,446 100.1.10~100.3.11 EUR 17,000 USD 23,101 98.12.31

98.12~99.01 USD 6,660 NTD 215,118

(4)

112,188

() ()() 100 ()() 100 ()() 100 () Great Arch Group Ltd. (Great Arch) Arcadyan USA 100 Arcadyan Germany 100 100 Sinoprime Global Inc. (Sinoprime) 100 100 () () Joy Technology (shenzhen) Co., Ltd. (Joy

Technology)

SMC Networks Spain S.L (SMC) Accton Asia () ()

()

- 86 -

() 1.

99 98

Great Arch $ 2,834,675 18 2,463,199 22 1,579,731 10 44,060 - 213,321 1 1,509,074 13 160,439 1 244,428 2 21,284 - 261,494 2 SMC 15 - 337,225 3 13,120 - 51,242 1 $ 4,822,585 30 4,910,722 43

4590

2. 99 98

$ 596 - 29,341 - 4 - 9 - $ 600 - 29,350 -

60

3. 99 98

Sinoprime $ 9,006,907 6,147,716

4. ()

30,17230,641

- 87 -

5. Arcadyan HoldingAccton Asia

17.44156,751(4,900)

6.

99 98

Arcadyan USA $ 46,440 61,303 Arcadyan Germany 8,975 9,348 - 8,470 - 6,024 7,485 7,042 $ 62,900 92,187

7.

Commonwealth Scientific and Industrial Research Organization (CSIRO)

CSIRO

8.

99.12.31 98.12.31 % %

Great Arch $ 667,153 21 1,054,500 34 409,557 13 44,021 - 55,207 2 76,122 2 42,021 1 178,101 6 SMC 12,246 - 180,043 6 862 - 18,295 1 138 - 21,681 - $ 1,187,184 37 1,572,763 49

Sinoprime $ 411,614 49 438,246 30 239 - 384 - $ 411,853 49 438,630 30

- 88 -

9.

99.12.31 98.12.31 % %

Great Arch $ 39,239 91 30,230 49 SMC - - 30,656 49 3,676 9 1,392 2 $ 42,915 100 62,278 100

Arcadyan USA $ 47,579 10 53,493 9 9,711 2 41 - 12,482 2 11,247 2 $ 69,772 14 64,781 11

()

99 98

$ 22,599 24,669 12,243 9,014 990 660 7,401 13,461

99.12.31 98.12.31 $ 25,864 25,864

()()

100.1.1~100.2.28 $ 4,960

- 89 -

()

20

99 98

$ - (141,460) 3,336 3,336

() 99 98

- 526,753 526,753 - 500,773 500,773 - 32,825 32,825 - 26,451 26,451 - 22,248 22,248 - 20,983 20,983 - 41,305 41,305 - 18,277 18,277 (1) 38,728 51,310 90,038 43,263 48,894 92,157 (2) - 10,582 10,582 - 11,240 11,240 (1)248

54 (2)3

()

99.12.31 98.12.31

$ 68,550 29.13 $ 1,996,849 48,187 32.20 1,551,617 37,280 38.57 1,437,897 37,718 46.19 1,742,194

23,841 29.13 694,475 20,665 32.20 665,409

63,554 29.13 1,851,327 52,731 32.20 1,697,946

- 90 -

() 1. 2. 3.

/

()

Arcadyan USA 100

1 $ 44,983 100%()

Arcadyan Germany 0.5 1,906 100% Arcadyan Holding 23,780 649,492 100% 4,800 73,865

100%

$ 770,246

4.

/

/

/

- - 8,712 100,011 26,988 310,000 35,700 410,247 410,011 236 - - - -

- - 6,413 100,005 4,167 65,000 10,580 165,027 165,005 22 - - - - - - 9,732 150,006 19,443 300,000 29,175 450,262 450,006 256 - - - - Arcadyan

Holding

Arcadyan Holding

16,920 616,674 6,860 220,000 - - - - - (187,182) (1)

23,780 649,492

1

5.

99.7.20 441,769 - - - -

6. 7.

()

()

()

()

()

Sinoprime 9,006,907 - 45 - (411,614) (49) % -

Great Arch () (2,834,675) (18) % 60 - - 667,153 21 % -

(1,579,731) (10) % 60 - - 409,557 13 % -

(213,321) (1) % 60 - - 42,021 1 % -

(160,439) (1) % 90 - - 55,207 2 % -

- 91 -

8.

()

Great Arch 667,153 3.29 - - 359,503 - 409,557 6.97 - - 225,567 -

9.()() ()

1. /

/

Arcadyan USA

23,055 23,055 1 100% 44,983 968 968

Arcadyan Germany

1,125 1,125 0.5 100% 1,906 333 333

Arcadyan Holding

British Virgin Islands

962,291 742,291 23,780 100% 649,492 (117,091) (117,091)

48,000 48,000 4,800 100% 73,865 25,638 25,638 Arcadyan Holding

Sinoprime British Virgin Islands

US50 US50 50 100% US58 US(45) Arcadyan Holding

US18,420 US13,520 - 100% US11,469 US(1,053)

Arch Holding British Virgin Islands

US11,011 US9,051 35 100% US10,764 US(2,616)

Arch Holding

US10,550 US8,590 - 100% US10,764 US(2,616) Arch Holding

48,000 48,000 4,800 48% 73,865 53,413

2. (1) (2) (3)

/

Arcadyan Holding

Sinoprime

50 US58 100% ()

- US11,469 100% Arch Holding 35 US10,764 100%

Arch Holding - US10,764 100%

(4)

()

Arcadyan Holding

Accton Asia

- US7,622 - US4,900 - - - - - US(1,053) - US11,469

(5)

- 92 -

(6)

(7)

/ ()

()

()

()

()

Sinoprime () (9,006,907) 100 % 45

- 411,614 100 %

Sinoprime () (USD276,995) 100 % - USD2,895 100 % (USD12,017) 89 % - USD9,681 97 %

(8)

()

Sinoprime US14,035 20.12 - - US14,035 - Sinoprime US2,895 74.91 - - US2,895 - US9,681 1.19 - US1,421 -

(9) ()

1.

381,603 (US 13,100 )

()393,838(US13,520)

142,737 (US4,900)

- 536,575 (US18,420)

100 % (30,674) (US(1,053))

334,092 (US11,469)

-

362,669 (US 12,450)

() 263,656(US9,051)

57,095 (US1,960)

- 320,750 (US11,011)

100 % (76,204) (US(2,616))

313,555 (US10,764)

-

29.13

US18,420Arcadyan HoldingAccton Asia 100 US8,561Arcadyan HoldingJust100 15,000

2.

857,325 (USD29,431) 922,868 (USD31,681) 2,664,901

29.13 3.

- 93 -

()

()

()

99 98

$ 7,910,175 49 6,273,751 55 4,251,520 26 2,624,481 23 1,246,649 8 482,187 4 (10) 147,409 1 107,012 1 $ 13,555,753 84 9,487,431 83

() 10

99 98

$ 2,834,675 18 2,463,199 21 2,622,185 16 752,166 7 1,850,419 12 1,133,600 10 1,579,731 10 44,060 - 213,321 1 1,509,074 13 $ 9,100,331 57 5,902,099 51

- 94 -

(88) () 18311 0930104860

- 95 -

99.12.31 98.12.31

1100 (()) $ 572,987 6 322,953 4 1310

(()()) 18,091

-

401,875

5

1140 (()) 1,977,396 23 1,503,483 19 1150 () 1,178,469 14 1,629,853 21 1180 () 51,768 - 82,218 1 1190 () 54,254 1 67,681 1 1210 (()) 2,958,412 34 2,704,514 35 1286

(()) 163,859

2

123,649

2

6,975,236 80 6,836,226 88 1421 (

()) 73,865

1

48,227

1

1481 (())

-

-

6,410

-

73,865 1 54,637 1 (()) 1501 445,414 5 - - 1521 8,862 - 9,796 -1531 1,415,360 16 1,092,126 14 1545 208,283 2 179,686 2 1537 126,775 2 123,958 2 1631 265,893 3 95,626 1 1681 89,601 1 76,452 1

2,560,188 29 1,577,644 20 15X9 (1,068,547) (12) (800,514) (10) 1670 2,490 - 34 -

1,494,131 17 777,164 10 1780 (

()) 60,010

1

48,390

1

1820 74,554 1 36,846 - $ 8,677,796 100 7,753,263 100

99.12.31 98.12.31

2100 (()) $ 1,290,085 15 93,380 1 2140 1,859,464 21 2,385,684 31 2150 () 271 - 3,696 - 2160 177,715 2 128,720 2 2170 () 670,511 8 646,303 8 2180

(()()) 21,331

-

-

-

2283 203,305 3 185,378 2 4,222,682 49 3,443,161 44

2810 (()())

13,613

-

12,165

-

4,236,295 49 3,455,326 44 (())

3110 1,256580 15 1,224,208 16 3140 2,867 - 5,154 -

1,259,447 15 1,229,362 16 3210 1,511,433 17 1,525,664 20

3310 224,465 3 163,008 2 3320 11,928 - 30 - 3350 1,508,533 17 1,234,021 16

1,744,926 20 1,397,059 18 3420 (74,305) (1) (11,928) - 3610 - - 157,780 2

4,441,501 51 4,297,937 56 () $ 8,677,796 100 7,753,263 100

()

- 96 -

99 98

4110 () $ 16,181,100 100 11,550,909 100 4190 17,026 - 23,127 - 16,164,074 100 11,527,782 100 5110 (()) 14,009,777 87 9,706,315 84 2,154,297 13 1,821,467 16 () 6100 242,410 1 186,432 2 6200 371,977 2 318,570 3 6300 600,778 4 604,772 5 1,215,165 7 1,109,774 10 939,132 6 711,693 6 7110 2,381 - 4,631 - 7121 (()) 25,638 - 227 - 7310 (()

())

227,003

2

31,930

-

7480 (()) 72,991 - 27,026 - 328,013 2 63,814 - 7510 14,650 - 947 - 7560 264,938 2 7,348 - 7650 (()()) 183,087 1 720 - 7880 224 - 3,738 - 462,899 3 12,753 - 7900 804,246 5 762,754 6 8110 (()) 173,335 1 148,183 1 9600 () $ 630,911 4 614,571 5

9750 ()(()) $ 6.41 5.03 6.96 5.61 -() $ 6.82 5.50 9850 ()(()) $ 6.26 4.91 6.75 5.44 -() $ 6.62 5.34

()

- 97 -

$ 969,651 5,850 622,726 91,226 - 1,048,149 (30) 160,720 2,898,292 (1) - - - 71,782 - (71,782) - - - - - - - 30 (30) - - - () 10,983 - - - - (356,887) - - (345,904) () 12,673 - 67,432 - - - - - 80,105 105,810 - 235,956 - - - - - 341,766 100,000 - 578,300 - - - - - 678,300 - - 10,700 - - - - - 10,700 25,091 (696) 10,550 - - - - - 34,945 - - - - - - (11,898) - (11,898) - - - - - - - (2,940) (2,940) - - - - - 614,571 - - 614,571 1,224,208 5,154 1,525,664 163,008 30 1,234,021 (11,928) 157,780 4,297,937 (2) - - - 61,457 - (61,457) - - - - - - - 11,898 (11,898) - - - - - - - - (283,044) - - (283,044) 24,613 - (24,613) - - - - - - 7,759 (2,287) 10,382 - - - - - 15,854 - - - - - - (62,377) - (62,377) - - - - - - - (157,780) (157,780) - - - - - 630,911 - - 630,911 $ 1,256,580 2,867 1,511,433 224,465 11,928 1,508,533 (74,305) - 4,441,501

19,53998,573151 1,558

26,63766,374

()

- 98 -

99 98 $ 630,911 614,571 429,865 295,041 - 10,700 () 24,897 (1,617) (25,638) (227) 405,115 (489,936) () (30,752) (1,072,568) () 30,450 (62,101) (278,795) (1,215,083) () (11,874) (74,928) () 13,427 (11,926) () (37,499) 944 ()() (529,645) 582,586 () 48,995 (26,998) 12,250 125,377 (12,724) (13,926) () 668,983 (1,340,091) - (48,000) 6,532 - (1,120,282) (411,673) (11,911) 2,468 (55,529) (37,137) 5,431 - (1,175,759) (494,342) 1,196,705 93,380 (283,044) (345,904) - 1,020,066 15,854 34,945 (157,780) - (579) 1,356 771,156 803,843 (14,346) (16,468)() 250,034 (1,047,058) 322,953 1,370,011 $ 572,987 322,953 $ 11,941 947 $ 161,969 169,287 $ 1,150,167 403,052 () (29,885) 8,621 $ 1,120,282 411,673 $ - 80,105

()

- 99 -

()

()

Arcadyan Holding (BVI) Corp.(Arcadyan Holding)

6,860(220,000)490(16,680)Arcadyan Holding5,701(188,820)Arcadyan Holding23,780100Arcadyan HoldingArch Holding (BVI) Corp.(Arch Holding)Sinoprime Global Inc.(Sinoprime)100()100

Arch Holding Arcadyan Holding1,960(63,249)11,011Arch Holding()()100

Sinoprime50

()

Arcadyan HoldingAccton Asia Investments Corp. (Accton Asia)82.56 Arcadyan HoldingAccton Asia17.444,900(156,751)

15,00013,100

- 100 -

()Just International Ltd. (Just)

Arcadyan Holding Just100

12,450 Arcadyan Technology N.A. Corp. (Arcadyan USA)

1100 Arcadyan Technology Germany GmbH (Arcadyan Germany)

25100 ()

48,000100

4,3303,793

()

()

99.12.31

98.12.31

Arcadyan USA 100% 100% Arcadyan Germany 100% 100% Arcadyan Holding 100% 100%

100% 100% Arcadyan Holding Sinoprime 100% 100%

100% 82.56% Arch Holding 100% 100%

Arch Holding 100% 100%

- 101 -

()

()

()

()

(

)

()

- 102 -

1.

2.

()

()

()

()

- 103 -

()

1.20 2.3~10 3.3~5 4.2 5.9 6.2~5

()

1. 2.1~5

()

()

- 104 -

Arcadyan USAArcadyan GermanyArcadyan HoldingSinoprimeArch Holding

()

(92)070071072

(96)267

() ()

(96)052

- 105 -

()

()

()

()

()

- 106 -

() 99.12.31 98.12.31 $ 827 688 333,922 292,097 238,238 30,168 $ 572,987 322,953

() 1.

99.12.31 98.12.31

$ - 400,032

() $ - 6,410

21

()

11.54122

- 107 -

2.

99.12.31 98.12.31

(/)

$ - - 1,843

USD6,660

(/) 18,091 EUR9,000

- -

$ 18,091 1,843

(/) 14,922 USD18,800

- -

(/) 6,409 EUR8,000

- -

$ 21,331 -

99 98

$ 226,485 31,867 183,087 720

() 99.12.31 98.12.31 $ 1,991,673 1,509,537 (14,277) (6,054) $ 1,977,396 1,503,483

- 108 -

()

99.12.31 98.12.31 $ 1,976,473 1,324,970 (34,730) (27,225) 1,941,743 1,297,745 147,695 225,636 (5,319) (3,931) 142,376 221,705 915,892 1,210,659 (41,599) (25,595) 874,293 1,185,064 $ 2,958,412 2,704,514

99 98 () $ 24,897 (1,617) (22,000) - 201 35 $ 3,098 (1,582)

24,897

1,617 ()

99.12.31 98.12.31

()

48

$ 73,865

48

48,227

1.48,000

2.25,638227

()

4539441,769

- 109 -

() 99.12.31 98.12.31

$ 1,290,085 93,380 $ 2,109,365 2,203,645 0.78%~2.04% 0.64%~1.20%

() 1.

99.12.31 98.12.31 $ 2,297 2,013 69,230 55,777 71,527 57,790 44,431 37,786 115,958 95,576 (64,459) (54,118) 51,499 41,458 (18,542) (19,792) (33,704) (16,629) 7,815 - $ 7,068 5,037

2. 99 98

1.75% 2.25% 3.00% 3.00% 1.75% 2.25%

3. 99 98 $ 1,232 1,254 2,150 2,347 (890) (334) 1,175 815 $ 3,667 4,082 $ 18,581 16,901

- 110 -

4.3,2323,077

5.13,2489,708Arcadyan USAArcadyan Germany2,0961,930

() 1.

10,58132.3

3.15345,90491,088

2,366

10,00068

2,000,0002.30283,04424,6132,461

5,47324,3952,867

59,07451,315

2,000,0001,500,00010 2.

- 111 -

10,00010(96)26710,700

3.

1,0001,00017,989,000

99 98

()

()

2,272,100 $ 29.10 4,781,600 23.07 - - - - (24,000) 29.30 (70,000) 20.65 (547,300) 28.97 (2,439,500) 14.32 - - - - 1,700,800 27.21 2,272,100 29.10 942,100 25.52 730,700 25.09

71.5974.724.11

(1) ()

9412 $ 10.00 957 10.00 9612 29.30

(2)

- 112 -

9495 ()

2 50 3 100 96 ()

2 40 3 70 4 100

(3) (4)

18,429138,934

99 98

$ 630,911 614,571 612,482 475,637 () 5.03 5.61 () 4.88 4.34 () 4.91 5.44 () 4.76 4.21

4.

(1) (2) (3)

- 113 -

(

)

5.

98 97

$ - 80,105 66,374 20,026 6,637 9,690 $ 73,011 109,821

97

$ 100,131 98,573 1,558 9,690 9,539 151 $ 109,821 108,112 1,709

6.10

- 114 -

67,29666,3746,7296,637

() 1.

2.

BVIBVI

()

(25%)Arcadyan USAArcadyan Germany

3.

92

95.1.1~99.12.31

- 115 -

4. 99 98 $ 185,017 116,677 10 25,817 28,912 210,834 145,589 () - (35,532) - 90,312 () 6,166 (11,338) 4,931 23,648 () 1,738 (1,194) (43,076) (93,483) () (551) 22,015 13,062 10,105 (19,769) (1,939) (37,499) 2,594 $ 173,335 148,183

5.

99 98 $ 136,722 190,679 (43,076) (93,483) - (14,553) 44,607 32,537 13,062 10,105

- (6,995)

10 25,817 28,912 (3,797) 981 $ 173,335 148,183

6. 99.12.31 98.12.31 $ 25,950 32,574 11,051 8,470 26,696 38,661 6,185 11,286 2,391 8,615 15,086 2,717 ()

- 116 -

() 99.12.31 98.12.31 21,624 6,675 108,983 108,998 (36,852) (79,928) 72,131 29,070 567 667 2,555 9,669

3,122 10,336 $ 69,009 18,734 $ 46,869 18,533 22,140 201 $ 69,009 18,734

7.

8. 99.12.31 98.12.31 $ 1,508,533 1,234,021 $ 234,888 144,584

99 98 26.89%() 19.94%()

()

99 98 $ 804,246 630,911 762,754 614,571 () 125,554 125,554 109,593 109,593 () $ 6.41 5.03 6.96 5.61 ()

111,796 111,796 () $ 6.82 5.50 () 125,554 125,554 109,593 109,593 1,706 1,706 1,318 1,318 1,290 1,290 2,070 2,070 ()

- 117 -

() 99 98

() 128,550 128,550

112,981 112,981

() $ 6.26 4.91 6.75 5.44 ()

111,796 111,796

1,318 1,318 2,070 2,070

()

115,184 115,184 ( $ 6.62 5.34

() 1.

99.12.31 98.12.31

$ 18,091 18,091 401,875 401,875

-

- 6,410

-

21,331 21,331

-

-

2. (1)

/

(2)

- 118 -

(3)

3.

99.12.31 98.12.31

$ - - 400,032 - - - - 1,843 - 18,091 - -

- 14,922 - - - 6,409 - -

3,2401,864

4. (1)

(2) A.

B.

105544

(3)

- 119 -

99.12.31

100.2.18 USD 18,800 NTD 555,466

100.1.10~100.3.11 EUR 17,000 USD 23,101 98.12.31

98.12~99.01 USD 6,660 NTD 215,118

(4)

112,901

()

()() 100 ()() 100 ()() 100 ()() 100 ()

Great Arch Group Ltd. (Great Arch)

()()

()

Joy Technology (shenzhen) Co., Ltd. (Joy Technology)

SMC Networks Spain S.L (SMC) ()

()

Accton Asia

()

- 120 -

() 1.

99 98

Great Arch $ 2,834,675 18 2,463,199 22 1,579,731 10 44,060 - 213,321 1 1,509,074 13 160,439 1 244,428 2 40,680 - - - 21,284 - 261,494 2 SMC 15 - 337,225 3 9,118 - 38,474 - $ 4,859,263 30 4,897,954 42

4590

2. 99 98

$ 596 - 29,341 - 4 - 9 - $ 600 - 29,350 -

60

3. ()

99 98

$ 30,172 30,641 30,593 31,834

$ 60,765 62,475

- 121 -

4.

96,08928,980

136,465065,999

5. Arcadyan HoldingAccton Asia

17.44156,751(4,900)

6.

99 98

$ 6,011 - - 8,470 - 6,024 SMC - 6,273 1,474 1,908 $ 7,485 22,675

7.

Commonwealth Scientific and Industrial Research Organization (CSIRO)

CSIRO

8.

99.12.31 98.12.31 % %

Great Arch $ 667,153 21 1,054,500 34 366,796 12 44,021 1 55,207 2 76,122 2 ()

- 122 -

() 99.12.31 98.12.31

% % 42,021 1 178,101 6 23,574 1 - - SMC 12,246 - 180,043 6 700 - 60,277 2 862 - 18,295 1 9,910 - 18,494 - $ 1,178,469 37 1,629,853 52

$ 271 - 3,312 - - - 384 - $ 271 - 3,696 -

9.

99.12.31 98.12.31 % %

Great Arch $ 39,239 76 30,230 37 SMC - - 30,656 37 8,924 17 19,551 24 3,605 7 1,781 2 $ 51,768 100 82,218 100

$ 28,980 4 65,999 10 - - 6,757 1 9,711 1 41 - 17,167 3 1,283 - $ 55,858 8 74,080 11

()

99 98

$ 22,599 24,699 12,243 9,014 990 660 7,401 13,461

- 123 -

99.12.31 98.12.31 $ 25,864 25,864

()

()

100.1.1~100.12.31 $ 39,220 101.1.1~101.12.31 19,887 102.1.1~102.3.31 5,185 $ 64,292

()

20

99 98

$ - (141,460) 3,336 3,336

- 124 -

() 99 98

521,549 594,264 1,115,813 286,614 561,286 847,900 148 38,096 38,244 139 31,600 31,739 10,394 27,198 37,592 7,286 25,335 32,621 15,386 58,804 74,190 10,808 25,837 36,645 (1) 325,449 60,205 385,654 212,769 55,783 268,552 2,616 41,843 44,459 4,206 22,340 26,546

(1)24854

(2)3

()

99.12.31 98.12.31

$ 81,676 29.13 $ 2,379,214 $ 53,141 32.20 $ 1,711,136 36,300 38.57 1,400,108 37,758 46.19 1,744,025

91,424 29.13 2,663,183 70,810 32.20 2,280,069 99,637 4.4405 442,439 76,504 4.6415 355,093

() 1. 2.

- 125 -

3.

/ () ()

Arcadyan USA 100

1 $ 44,983 100%()

1 100%

Arcadyan Germany

0.5 1,906 100%

0.5 100%

Arcadyan Holding

23,780 649,492 100%

23,780 100%

4,800 73,865

100%

4,800 100%

- -

-%

566 1%

$ 770,246

4.

/

/

/

- - 8,712 100,011 26,988 310,000 35,700 410,247 410,011 236 - - - -

- - 6,413 100,005 4,167 65,000 10,580 165,027 165,005 22 - - - - - - 9,732 150,006 19,443 300,000 29,175 450,262 450,006 256 - - - - Arcadyan

Holding

Arcadyan Holding

16,920 616,674 6,860 220,000 - - - - - (187,182) (12)

23,780 649,492

1 2

5.

99.7.20 441,769 - - - -

6. 7.

()

()

()

()

()

Sinoprime 9,006,907 - 45

- (411,614) (49) %

Great Arch () (2,834,675) (18) % 60 - - 667,153 21 % -

(1,579,731) (10) % 60 - - 409,557 13 % -

(213,321) (1) % 60 - - 42,021 1 % -

(160,439) (1) % 90

- - 55,207 2 % -

- 126 -

8.

()

Great Arch 667,153 3.29 - - 359,503 - 409,557 6.97 - - 225,567 -

9.()() ()

1. /

/

Arcadyan USA 23,055 23,055 1 100% 44,983 968 968 Arcadyan

Germany

1,125 1,125 0.5 100% 1,906 333 333

Arcadyan Holding

British Virgin Islands

962,291 742,291 23,780 100% 649,492 (117,091) (117,091)

48,000 48,000 4,800 100% 73,865 25,638 25,638 Arcadyan Holding

Sinoprime British Virgin Islands

US50 US50 50 100% US58 US(45) Arcadyan Holding

US18,420 US13,520 - 100% US11,469 US(1,053)

Arch Holding British Virgin Islands

US11,011 US9,051 35 100% US10,764 US(2,616)

Arch Holding

US10,550 US8,590 - 100% US10,764 US(2,616) Arch Holding

48,000 48,000 4,800 48% 73,865 53,413

2. (1) (2) (3)

/

()

Arcadyan Holding

Sinoprime

50 US58 100%()

50 100%

- US11,469 100% - 100% Arch Holding 35 US10,764 100% 35 100%

Arch Holding - US10,764 100% - 100%

- 127 -

(4)

(1)

Arcadyan Holding

Accton Asia

- US7,622 - US4,900 - - - - - US(1,053) - US11,469

1 2

(5) (6) (7)

/

()

()

()

()

()

Sinoprime () (9,006,907) 100 % 45

- 411,614 100 %

Sinoprime () (USD276,995) 100 % - USD2,895 100 % (USD12,017) 89 % - USD9,681 97 %

(8)

(1) Sinoprime US14,035 19.85 - - US14,035 - Sinoprime US2,895 74.91 - - US2,895 - US9,681 1.19 - US1,421 -

1 2

(9)

() 1.

381,603 (US 13,100 )

()393,838(US13,520)

142,737(US4,900)

- 536,575 (US18,420)

100 % (30,674) (US(1,053))

334,092(US11,469)

-

362,669 (US 12,450)

() 263,656(US9,051)

57,095(US1,960)

- 320,750 (US11,011)

100 % (76,204) (US(2,616))

313,555(US10,764)

-

29.13

- 128 -

US18,420Arcadyan HoldingAccton Asia 100 US8,561Arcadyan HoldingJust100 15,000

2.

857,325 (USD29,431) 922,868 (USD31,681) 2,664,901

29.13 3.

Sinoprime()()

() 1.

()

()

0 Arcadyan USA 1 3,915

60

0.02%

1

46,440

0.29%

1 47,579 0.55% Arcadyan Germany 1

8,975 0.06%

1 708 0.01% 1 Sinoprime 2 9,006,907

55.72%

2 411,614 4.74% 2 Sinoprime 3 8,632,392 53.40% 3 84,315 0.97% 3 Sinoprime 3 374,515 2.32% 3 282,004 3.25% 3 3 38,827 0.45%

- 129 -

()

()

0 Arcadyan USA 1 12,768 60

0.11%

1 3,627 60

0.05%

1

61,303

0.53%

1 53,493

0.69%

Arcadyan Germany

1

9,348

0.08%

1 1,110

0.01%

1 Sinoprime 2 6,147,716

53.33%

2 438,246 5.65% 2 Sinoprime 3 5,509,421 47.79% 3 131,561 1.70% 2 Sinoprime 3 638,295 5.54% 3 306,685 3.95% 3 3 42,919 0.55%

1.0 2.1

1. 2. 3.

()

() 99

()

$ 16,118,697 40,859 4,518 - 16,164,074

3,611 9,236,212

-

(9,239,823)

-

$ 16,122,308 9,277,071 4,518 (9,239,823) 16,164,074 $ 901,103 (109,703) 1,858 - 793,258 25,638 (14,650) $ 804,246 $ 6,643,935 2,409,841 54,913 (504,758) $ 8,603,931 73,865 $ 8,677,796

- 130 -

98 ()

$ 11,475,907 25,548 26,327 - 11,527,782

11,232 5,922,870

-

(5,934,102)

-

$ 11,487,139 5,948,418 26,327 (5,934,102) 11,527,782 () $ 687,635 71,469 4,370 - 763,474 227 (947) $ 762,754 $ 5,881,562 2,240,823 62,721 (480,070) $ 7,705,036 48,227 $ 7,753,263

()

99 98

$ 7,910,175 49 6,273,751 55 4,247,002 26 2,650,809 23 1,205,790 8 507,735 4 (10) 147,409 1 107,012 1 $ 13,510,376 84 9,539,307 83

() 10

99 98

$ 2,834,675 18 2,463,199 21 2,622,185 16 752,166 7 1,850,419 11 1,133,600 10 1,579,731 10 44,060 - 213,321 1 1,509,074 13 $ 9,100,331 56 5,902,099 51

- 131 -

- 132 -

()

98 99

% 5,594,999 5,912,320 317,321 5.7 721,961 770,246 48,285 6.7 248,760 651,530 402,770 161.9 31,393 80,084 48,691 155.1

6,597,113 7,414,180 817,067 12.4 2,451,802 2,965,542 513,740 21.0 5,154 7,137 1,983 38.5

2,456,956 2,972,679 515,723 21.0 1,229,362 1,259,447 30,085 2.4 1,525,664 1,511,433 (14,231) (0.9) 1,397,059 1,744,926 347,867 24.9 (11,928) (74,305) (62,377) 522.9

4,140,157 4,441,501 301,344 7.3

()

20

(1) (2) (3) (4) (5) (6) ()

- 133 -

()

98 99

()

(%)

11,510,225 16,139,332 4,629,107 40.2

23,086 17,024 (6,062) (26.3) 11,487,139 16,122,308 4,635,169 40.4 9,823,427 13,967,525 4,144,098 42.2 1,663,712 2,154,783 491,071 29.5

1,536 304 (1,232) (80.2)

1,665,248 2,155,087 489,839 29.4 1,005,994 1,064,967 58,973 5.9 659,254 1,090,120 430,866 65.4 126,263 272,943 146,680 116.2 24,074 559,374 535,300 2,223.6 761,443 803,689 42,246 5.5 146,872 172,778 25,906 17.6 614,571 630,911 16,340 2.7

()

20

(1) (2) (3)

()

VoIP VoIP

13,000 10%

- 134 -

()

()

195,623 (77,439) 47,400 243,023

77,439

733,391

858,230 ()

()

243,023 356,000 196,000 439,023

356,000 360,000 100 200,000 100

- 135 -

()

99 100

100 6 461,306 445,414 15,892

()

()

()

99

(76,204)

99

(30,674) 99

- 136 -

()

()

1.

98 1,475 0.01% 0.2%99 6,450 0.04% 0.6% 99

2.

98 22,974 0.2%3.5%99 280,117 1.7% 25.7%99

99

A.

B.

C.

- 137 -

3.

4.

()

1.

2.

3.

4.

98 12 31 99 12 31

98.12.31

(/) $ 1,843 USD6,660

- 138 -

99.12.31

(/) $ 18,091 EUR 9,000

(/) $ 6,409 EUR 8,000

(/) $ 14,922 USD18,800

98 31,147 99 43,398

()

()

- 139 -

()

()

98 3

()

()

() 99

()

(1)()

(2)

()

- 140 -

()

()

()

- 141 -

()

1.

100 Arcadyan Technology

N.A. Corp.

100 Arcadyan Germany Technology GmbH

100% Arcadyan Holding

(BVI) Corp.

100%

100% Sinoprime Global

Inc. (BVI)

100% Arch Holding (BVI) Corp.

100%

100%

48%

- 142 -

2.

Arcadyan Technology N.A. Corp.

92.07.30 1362 Boregas Avenue, Sunnyvale, CA 94089, USA USD 669

Arcadyan Germany Technology GmbH 96.04.11

Kolner Strase 10b, 65760 Eschborn, Germany EUR 25

Arcadyan Holding (BVI) Corp. 96.03.07

Portcullis TrustNet Chambers, P.O. Box 3444, Road Town, Tortola, British Virgin Islands

USD 23,780

Sinoprime Global Inc.(BVI) 93.12.29

Palm Grove House, P.O. Box 438, Road Town, Tortola, British Virgin Islands

USD 50

91.04.17

80 2 4 USD 13,100

Arch Holding (BVI) Corp. 96.05.24

Palm Grove House, P.O. Box 438, Road Town, Tortola, British Virgin Islands

USD 10,550

() 95.06.26

520 USD 12,450

() 98.08.10 18858 5 TWD 48,000

3.

Arcadyan Holding (BVI) Corp. Sinoprime Global Inc.(BVI)Arch Holding (BVI) Corp.

Arch Holding (BVI) Corp. ()

() () Arcadyan Technology N.A. Corp.

Sinoprime Global Inc.(BVI) ()

Arcadyan Germany Technology GmbH

- 143 -

4. %

() () 1,000 100%

() () 1,000 100%

Arcadyan Technology N.A. Corp.

0 0%Arcadyan Germany Technology GmbH

() () 500 100%

() () 23,780,148 100%Arcadyan Holding

(BVI) Corp. () () 23,780,148 100%

Arcadyan Holding (BVI) Corp. () 50,000 100%Sinoprime Global

Inc.(BVI) Arcadyan Holding (BVI) Corp. () 50,000 100%

Arcadyan Holding (BVI) Corp. () 34,900 100%Arch Holding

(BVI) Corp. Arcadyan Holding (BVI) Corp. () 34,900 100%

Arcadyan Holding (BVI) Corp. () 0 100%

Arcadyan Holding (BVI) Corp. () 0 100%

Arcadyan Holding (BVI) Corp. () 0 100%

Arcadyan Holding (BVI) Corp. () 0 100%

Arcadyan Holding (BVI) Corp. () 0 100%

Arcadyan Holding (BVI) Corp. () 0 100%

0 0%

Arch Holding (BVI) Corp. () 0 100%

Arch Holding (BVI) Corp. () 0 100%

Arch Holding (BVI) Corp. () 0 100%

()

Arch Holding (BVI) Corp. () 0 100%

- 144 -

0 0%

() () 4,800,000 100%

() () 4,800,000 100%

() () 4,800,000 100%

() () 4,800,000 100%

() () 4,800,000 100%

()

0 0%

- 145 -

5.

()

( )

Arcadyan Technology N.A. Corp. 19,488 52,696 7,719 44,977 4,166 (40,899) 968.00 968.00

Arcadyan Germany Technology GmbH 964 2,198 309 1,890 0 (7,907) 333.00 666.00

Arcadyan Holding (BVI) Corp. 692,711 649,482 0 649,482 0 0 (117,091) (4.92)

Sinoprime Global Inc.(BVI) 1,457 3,334,045 3,332,355 1,690 14,692,764 (8,302) (1,311) (26.22)

Arch Holding (BVI) Corp. 307,322 245,639 0 245,639 0 0 (76,204) (2183.50)

381,603 400,974 66,882 334,092 394,245 (38,830) (30,674) -

() 362,669 3,582,786 3,269,203 313,584 14,329,775 (93,886) (76,204) -

() 48,000 73,865 0 73,865 0 0 25,638 5.34

- 146 -

()

(

)

- 147 -

()

1.

()()

22,376,302 17.77% -

36.67%

2.

(1)()

()

()

()

()

()

()

(213,321) (1) 2,689 11.80 60

- 45~90

42,021 1 - - -

(2)

(3)

(4)

(5)

3.

4.

- 148 -