~1~

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2017 2016

( 4971)

1250 E. Collins Blvd.,Richardson,Texas,75081,USA

1-972-234-0068

~2~

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2017 2016

1

2 ~ 3

4

5

6

7

8

9 ~ 28

() 9

() 9

() 9 ~ 12

() 12 ~ 14

() 14

() 14 ~ 25

() 25

() 25 ~ 26

~3~

() 26

() 26 ~ 27

1. 26

2. 26

3. 26

4. 26 ~ 27

() 27 ~ 28

() 28

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2017 3 31 2016 12 31 3 31

( 2017 2016 3 31 )

~5~

2017 3 31 2016 12 31 2016 3 31 % % %

1100 () $ 195,095 13 $ 227,479 14 $ 365,845 23

1170 () 89,313 6 115,172 7 128,990 8

1200 2,932 - 2,197 - 3,078 -

130X () 160,715 11 157,151 10 144,753 9

1410 6,307 - 7,070 1 11,364 1

1479 () 331 - 46,815 3 261,488 17

11XX 454,693 30 555,884 35 915,518 58

1600 () 692,167 46 643,735 41 563,018 36

1780 () 39,362 3 44,191 3 50,969 3

1840 () 5,029 - 8,537 - 30,087 2

1900 () 307,295 21 326,748 21 10,848 1

15XX 1,043,853 70 1,023,211 65 654,922 42

1XXX $ 1,498,546 100 $ 1,579,095 100 $ 1,570,440 100

2170 $ 57,215 4 49,873 3 $ 68,593 4

2200 25,399 2 42,559 3 22,151 2

2230 () 3,403 - - - - -

2310 - - 353 - 813 -

21XX 86,017 6 92,785 6 91,557 6

2XXX 86,017 6 92,785 6 91,557 6

()

3110 361,348 24 361,348 23 343,955 22

()

()

3200 603,128 40 602,661 38 602,424 38

()

3310 55,745 4 55,745 4 44,477 3

3350 397,103 27 379,472 24 396,946 25

3400 6,085 - 94,709 6 90,584 6

3500 () ( 11,482)( 1)( 8,109)( 1) - -

31XX 1,411,927 94 1,485,826 94 1,478,386 94

36XX 602 - 484 - 497 -

3XXX 1,412,529 94 1,486,310 94 1,478,883 94

3X2X $ 1,498,546 100 $ 1,579,095 100 $ 1,570,440 100

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2017 2016 1 1 3 31 ()

()

~6~

2017 1 1 3 31

2016 1 1 3 31

% %

4000 () $ 194,309 100 $ 231,432 100

5000 ()()

() ( 132,828)( 68)( 152,498)( 66)

5950 61,481 32 78,934 34

()()

6100 ( 2,174)( 1)( 2,249)( 1)

6200 ( 28,473)( 15)( 32,412)( 14)

6300 ( 8,203)( 4)( 9,345)( 4)

6000 ( 38,850)( 20)( 44,006)( 19)

6900 22,631 12 34,928 15

()

7010 1,289 1 2,038 1

7020 468 - 141 -

7050 - - ( 11) -

7000 1,757 1 2,168 1

7900 24,388 13 37,096 16

7950 () ( 6,639)( 3)( 13,147)( 6)

8200 $ 17,749 10 $ 23,949 10

()

8341

()

($ 88,624)( 45)($ 30,056)( 13)

8500 ($ 70,875)( 35)($ 6,107)( 3)

8610 $ 17,631 10 $ 23,883 10

8620 118 - 66 -

$ 17,749 10 $ 23,949 10

8710 ($ 70,993)( 35)($ 6,173)( 3)

8720 118 - 66 -

($ 70,875)( 35)($ 6,107)( 3)

()

9750 $ 0.49 $ 0.66

()

9850 $ 0.49 $ 0.66

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2017 2016 1 1 3 31 ()

~7~

2016

2016 1 1 $ 343,752 $ 581,549 $ - $ 18,714 $ 44,477 $ 373,063 $ 120,640 $ - $ 1,482,195 $ 431 $ 1,482,626

() - - - 58 - - - - 58 - 58

() 203 2,103 - - - - - - 2,306 - 2,306

2016 - - - - - 23,883 - - 23,883 66 23,949

() - - - - - - ( 30,056 ) - ( 30,056 ) - ( 30,056 )

2016 3 31 $ 343,955 $ 583,652 $ - $ 18,772 $ 44,477 $ 396,946 $ 90,584 $ - $ 1,478,386 $ 497 $ 1,478,883

2017

2017 1 1 $ 361,348 $ 584,386 $ - $ 18,275 $ 55,745 $ 379,472 $ 94,709 ($ 8,109 ) $ 1,485,826 $ 484 $ 1,486,310

() - - - 6 - - - - 6 - 6

()- - - 474 - - - - 474 - 474

2017 - - - - - 17,631 - - 17,631 118 17,749

() - - - - - - ( 88,624 ) - ( 88,624 ) - ( 88,624 )

() - - - - - - - ( 7,593 ) ( 7,593 ) - ( 7,593 )

() - - 461 ( 474 ) - - - 4,220 4,207 - 4,207

2017 3 31 $ 361,348 $ 584,386 $ 461 $ 18,281 $ 55,745 $ 397,103 $ 6,085 ($ 11,482 ) $ 1,411,927 $ 602 $ 1,412,529

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2017 2016 1 1 3 31 ()

2017 1 1 3 3 1

2016 1 1 3 3 1

~8~

$ 24,388 $ 37,096

() 16,484 17,551

() 2,389 2,594

()() 480 58

() 628 -

() ( 1,276 ) ( 2,020 )

() - 11

- ( 150 )

- ( 19 )

/

() 19,002 ( 36,894 )

() ( 12,921 ) ( 9,800 )

342 1,437

( 865 ) ( 1,749 )

- ( 11 )

10,310 16,681

( 14,626 ) ( 2,634 )

( 331 ) 813

44,004 22,964

363 688

44,367 23,652

() ( 106,041 ) ( 6,096 )

() ( 136 ) -

() - ( 5,968 )

() 43,698 -

( 62,479 ) ( 12,064 )

() ( 14,022 ) -

() 4,208 -

( 9,814 ) -

( 4,458 ) ( 7,952 )

() ( 32,384 ) 3,636

227,479 362,209

$ 195,095 $ 365,845

~9~

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2017 2016

()

()

( IntelliEPI Inc.

(Cayman)) 2011 4 26

Intelligent Epitaxy Technology, Inc.(

IET-US) 2011 5 31 1.51

IET-US ( 1 IET-US 1.5 )

2013 7 24

2017 5 11

()()

2017

~10~

//

101228

201611

11

201611

14 201611

1 201611

~11~

()

()

2017

//

1638

201611

1641 201611

19 201471

27 201611

36 201411

39

201411

21 201411

2010-2012 201471

2011-2013 201471

2012-2014 201611

//

2

201811

44

9

201811

9 201811

1028

15 201811

1515

201811

~12~

1. 9

12

(

)

()

2. 15

1511

18

1

2

3

//

16 201911

7 201711

12

201711

40 201811

22 201811

2014-2016-1

201811

2014-2016-12

201711

2014-2016-28

201811

~13~

4

5

3. 16

1617

(12)

4. 7

()

2016

()

1.

34

2. 2016

()

1.

2.

( IFRSs)

()

1.

2016

~14~

2.

IET-US 40% 60% IET-US IET-US

100% IET-IR

3.

4.

5.

6.

()

1.

(1)

(2)

(3)

(4)

2017

331

2016

1231

2017

331

Intelligent Epitaxy

Technology, Inc.

(IET-US)

100 100 100

IET-US

(IET-China)

100 100 100

IntelliEPI

Japan,Ltd.

(IET-Japan)

51 51 51

IntelliEPI IR,Inc.

(IET-IR)

40 40 40 (

~15~

2.

A.

B.

C.

2016

()

1.

2.

()

1.

1()

2017331 20161231 2016331

120$ 223$ 94$

194,975 227,256 365,751

195,095$ 227,479$ 365,845$

2017331 20161231 2016331

89,313$ 115,172$ 128,990$

- - -

89,313$ 115,172$ 128,990$

2017331 20161231 2016331

1 64,469$ 79,256$ 88,832$

2 4,358 7,527 4,763

3 10,442 5,444 5,025

79,269$ 92,227$ 98,620$

~16~

2()

3

2.

3.

2017 2016 3 31

4.

()

2017331 20161231 2016331

30 5,895$ 15,512$ 21,522$

31-90 550 6,083 7,504

91-180 3,599 1,350 1,344

10,044$ 22,945$ 30,370$

116,892$ 13,016)($ 103,876$

9,978 225)( 9,753

54,594 7,508)( 47,086

181,464$ 20,749)($ 160,715$

2017331

112,492$ 18,346)($ 94,146$

11,652 991)( 10,661

60,058 7,714)( 52,344

184,202$ 27,051)($ 157,151$

20161231

121,978$ 18,484)($ 103,494$

10,909 107)( 10,802

35,764 5,307)( 30,457

168,651$ 23,898)($ 144,753$

2016331

~17~

()-

()

201711331 201611331

128,007$ 141,864$

4,808)( 426)(

123,199$ 141,438$

2017331 20161231 2016331

-$ -$ 261,375$

190 46,125 -

141 690 113

331$ 46,815$ 261,488$

201711

39,902$ 81,554$ 945,990$ 4,338$ 264$ 86,807$ 179,969$ 1,338,824$

- 61,238)( 623,632)( 3,941)( 240)( - 6,038)( 695,089)(

39,902$ 20,316$ 322,358$ 397$ 24$ 86,807$ 173,931$ 643,735$

2017

11 39,902$ 20,316$ 322,358$ 397$ 24$ 86,807$ 173,931$ 643,735$

- 2,524 4,066 426 - 96,559 2,466 106,041

- - 628)( - - - - 628)(

- - 777 - - - 777)( -

- 1,207)( 14,862)( 82)( 6)( - 327)( 16,484)(

2,375)( 1,241)( 18,932)( 32)( 1)( 7,528)( 10,388)( 40,497)(

331 37,527$ 20,392$ 292,779$ 709$ 17$ 175,838$ 164,905$ 692,167$

2017331

37,527$ 79,161$ 891,920$ 4,495$ 248$ 175,838$ 170,902$ 1,360,091$

- 58,769)( 599,141)( 3,786)( 231)( - 5,997)( 667,924)(

37,527$ 20,392$ 292,779$ 709$ 17$ 175,838$ 164,905$ 692,167$

~18~

1.

2. 20

()

201611

40,614$ 81,714$ 831,849$ 4,151$ 268$ 255,044$ 1,213,640$

- 56,584)( 564,740)( 3,582)( 203)( 4,719)( 629,828)(

40,614$ 25,130$ 267,109$ 569$ 65$ 250,325$ 583,812$

2016

11 40,614$ 25,130$ 267,109$ 569$ 65$ 250,325$ 583,812$

- - 6,096 - - - 6,096

- - - - - - -

- - 88,103 - - 86,337)( 1,766

- 1,444)( 15,593)( 141)( 10)( 363)( 17,551)(

792)( 448)( 7,481)( 8)( 1)( 2,375)( 11,105)(

331 39,822$ 23,238$ 338,234$ 420$ 54$ 161,250$ 563,018$

2016331

39,822$ 80,121$ 907,107$ 4,070$ 263$ 166,229$ 1,197,612$

- 56,883)( 568,873)( 3,650)( 209)( 4,979)( 634,594)(

39,822$ 23,238$ 338,234$ 420$ 54$ 161,250$ 563,018$

201711

3,237$ 64,500$ 67,737$

1,279)( 22,267)( 23,546)(

1,958$ 42,233$ 44,191$

2017

11 1,958$ 42,233$ 44,191$

136 - 136

168)( 2,221)( 2,389)(

115)( 2,461)( 2,576)(

331 1,811$ 37,551$ 39,362$

2017331

3,177$ 60,660$ 63,837$

1,366)( 23,109)( 24,475)(

1,811$ 37,551$ 39,362$

~19~

()

2017 3 31 2016 12 31

1.24~1.34%

()

1. 2017 3 31

201611

2,691$ 1,343$ 65,650$ 69,684$

629)( 1,216)( 13,287)( 15,132)(

2,062$ 127$ 52,363$ 54,552$

2016

11 2,062$ 127$ 52,363$ 54,552$

- - - -

150)( 77)( 2,367)( 2,594)(

37)( - 952)( 989)(

331 1,875$ 50$ 49,044$ 50,969$

2016331

2,638$ 1,317$ 64,370$ 68,325$

763)( 1,267)( 15,326)( 17,356)(

1,875$ 50$ 49,044$ 50,969$

2017331 20161231 2016331

307,295$ 326,748$ -$

- - 10,848

307,295$ 326,748$ 10,848$

2012.11.27 17,000 10 1/363

2012.11.27 45,000 10 1/484

2013.3.27 84,000 10 1/484

2017.3.14 50,800

~20~

2.

3.:

4. Black-Scholes

:

5.

() ()

11 23,501 0.64$ 45,501 0.60$

- - - -

- - - -

- - - -

- - - -

- - - -

331 23,501 0.64 45,501 0.60

331 23,501 0.64 29,332 0.62

2017 2016

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

20121127 20221126 - -$ - -$ 3 0.10$

2013327 2023326 24 0.64 24 0.64 42 0.64

2016331201612312017331

2011.7.31~

2012.11.27$1.1~1.41

$0.07

~0.10

54.72%

~57.76%

6~6.25

-

0.865%

~1.72%

$1.012

~1.32

2013.3.27 $1.42 $0.64 52.74% 6.25 2% 1.048% $0.8373

2017.3.14 $92.40 $83.08 36.39% 0.01 0% 0.59% $9.3265

201711331 201611331

480$ 58$

~21~

()

1. 2017 3 31 $400,000 40,000

$361,348 10

2.

(1)

(2)

(3)

(4)

(5) 2017 3 14 50,800

$4,220 2017

$474

()

2017 2016

11 36,036,793 34,375,199

- 20,318

91,000)( -

50,800 -

331 35,996,593 34,395,517

138,200 11,482$

2017331

98,000 8,109$

20161231

~22~

()

1.

10%

10

10

2.

3.

4. 2017 3 28 2016

$71,892 2 2016

6 24 $68,791

2 $17,198( 0.5 ) 2016

2016 7 4

1.99891033 0.49972762

5.

()

201711331 201611331

184,753$ 218,952$

9,556 12,480

194,309$ 231,432$

~23~

()

()

2017 2016 3 31

66 64

1.()

2015 5 20

3%

3%

201711331 201611331

123,199$ 141,438$

9,629 11,060

132,828$ 152,498$

77,437$ -$ 77,437$ 91,307$ -$ 91,307$

29,079 19,115 48,194 28,793 24,508 53,301

15,681 803 16,484 16,562 989 17,551

2,355 34 2,389 2,564 30 2,594

8,276 18,898 27,174 13,272 18,479 31,751

132,828$ 38,850$ 171,678$ 152,498$ 44,006$ 196,504$

201711331 201611331

22,459$ 15,694$ 38,153$ 22,590$ 20,904$ 43,494$

- 6 6 - 58 58

- 474 474 - - -

6,243 2,476 8,719 5,873 3,097 8,970

343 415 758 330 428 758

34 50 84 - 21 21

29,079$ 19,115$ 48,194$ 28,793$ 24,508$ 53,301$

201711331 201611331

~24~

2015 11 11 2016 6 24

2. 2017 2016 1 1 3 31

$974 $3,613$409 $1,136

2017

3.86% 1.62%

2016 $6,289 $2,641

2016 $6,322 $3,257

$649 2017

()

201711331 201611331

1,276$ 2,020$

13 18

1,289 2,038

- 150

() 1,096 9)(

628)( -

468 141

- - 11)(

1,757$ 2,168$

~25~

()

:

()

2016 2016

201711331 201611331

3,565$ 730$

- -

3,565 730

3,074 12,417

6,639$ 13,147$

() ()

17,631$ 35,967 0.49$

()

17,631$ 35,967

- 11

- 18

17,631$ 35,996 0.49$

201711331

() ()

23,883$ 36,108 0.66$

()

23,883$ 36,108

- 30

- 41

23,883$ 36,179 0.66$

201611331

~26~

()

()

()

()

1.

2016

2.

5 10

201711331 201611331

-$ 2,306$

201711331 201611331

12,056$ 11,874$

137 47

12,193$ 11,921$

2017331 20161231 2016331

337,917$ 437,101$ 8,774$

~27~

()

2016

()

2016

()

2016

()

2016

1.

A.

B. 2017 2016 1 1 3 31

C.

()

2017331 20161231 2016331

1 4,167$ 5,071$ 6,995$

15 5,119 6,466 4,145

9,286$ 11,537$ 11,140$

~28~

2.

()

1.

2.

2017

3.(

)

2017 3 31

4.

2017

5.

2017

6.

2017

7.

2017

8.

2017 3 31

9.

2017

10.

~29~

()

()

()

1.

2.

()

()

2

1 Intelligent

Epitaxy

Technology Inc.

47,730$ 159,100$ 23,865$ 0

-$ -$ -$ 559,616$ 559,616$ 1

140%2141

201711331

()

1

(1) 2 (3)

1 Intelligent Epitaxy Technology Inc. IntelliEPI IR, Inc. 2 1,266$

0.65%

1 Intelligent Epitaxy Technology Inc. IntelliEPI IR, Inc. 2 1,030

0.07%

1 (1).0 (2).12( ) (1). (2). (3).34

()

201711331

1

Intelligent Epitaxy

Technology Inc.

$ 772,120 $ 772,120

19,286,954$ 100.00 1,399,039$ 24,263$ 24,263$

Intelligent Epitaxy

Technology Inc.

IntelliEPI Japan, Ltd.

372 372102 51.00 428 241 123

Intelligent Epitaxy

Technology Inc.

IntelliEPI IR, Inc. 116 116

400,000 40.00 13,682 2,396 2,396

()

201711331

1

1

$ 10,745 3 -$ -$ -$ -$ 395)($ 100.00 1,292)($ 169$ -$ 2

$ - $ - $ -

1 (1) (2) (3) IET-US2

()

201711331

1