~1~

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2016 2015

( 4971)

1250 E. Collins Blvd.,

Richardson,Texas,75081,USA

1-972-234-0068

~2~

( IntelliEPI Inc. ( Cayman) and Subsidiaries)

2016 2015

1

2 ~ 3

4

5

6

7

8

9 ~ 31

() 9

() 9

() 9 ~ 10

() 10 ~ 12

() 12

() 12 ~ 24

() 24

() 24

~3~

() 25

() 25 ~ 28

() 29 ~ 30

() 31

( IntelliEPI Inc. ( Cayman) and Subsidiaries)

2016 3 31 2015 12 31 3 31

( 2016 2015 3 31 )

~5~

2016 3 31 2015 12 31 2015 3 31 % % %

1100 () $ 365,845 23 $ 362,209 23 $ 230,538 16

1170 () 128,990 8 93,928 6 103,318 7

1200 3,078 - 1,355 - 1,572 -

130X () 144,753 9 137,636 9 109,620 8

1410 11,364 1 13,055 1 10,739 1

1479 () 261,488 17 266,676 17 251,659 18

11XX 915,518 58 874,859 56 707,446 50

1600 () 563,018 36 583,812 37 325,661 23

1780 () 50,969 3 54,552 4 59,179 4

1840 () 30,087 2 42,983 3 71,270 5

1900 () 10,848 1 7,087 - 261,561 18

15XX 654,922 42 688,434 44 717,671 50

1XXX $ 1,570,440 100 $ 1,563,293 100 $ 1,425,117 100

2120

()

$ - - $ 1,246 - $ 41,544 3

2170 68,593 4 52,945 3 63,410 5

2200 22,151 2 25,278 2 14,009 1

2230 () - - - - 415 -

2310 813 - - - 729 -

21XX 91,557 6 79,469 5 120,107 9

2530 () - - 1,198 - 145,597 10

2XXX 91,557 6 80,667 5 265,704 19

3110 () 343,955 22 343,752 22 316,938 22

()

()

3200 602,424 38 600,263 38 382,590 27

()

3310 44,477 3 44,477 3 27,245 2

3350 396,946 25 373,063 24 373,151 26

3400 90,584 6 120,640 8 59,043 4

31XX 1,478,386 94 1,482,195 95 1,158,967 81

36XX 497 - 431 - 446 -

3XXX 1,478,883 94 1,482,626 95 1,159,413 81

3X2X $ 1,570,440 100 $ 1,563,293 100 $ 1,425,117 100

( IntelliEPI Inc. ( Cayman) and Subsidiaries)

2016 2015 1 1 3 31 ()

()

~6~

2016 1 1 3 3 1

2015 1 1 3 3 1

% %

4000 () $ 231,432 100 $ 207,892 100

5000 ()()

() ( 152,498)( 66)( 132,059)( 64)

5950 78,934 34 75,833 36

()()

6100 ( 2,249)( 1)( 1,434)( 1)

6200 ( 32,412)( 14)( 27,800)( 13)

6300 ( 9,345)( 4)( 4,823)( 2)

6000 ( 44,006)( 19)( 34,057)( 16)

6900 34,928 15 41,776 20

()

7010 2,038 1 982 -

7020 141 - ( 19,167)( 9)

7050 () ( 11) - ( 6,423)( 3)

7000 2,168 1 ( 24,608)( 12)

7900 37,096 16 17,168 8

7950 () () ( 13,147)( 6) 33,331 16

8200 $ 23,949 10 $ 50,499 24

()

8341

()

($ 30,056)( 13)($ 11,456)( 5)

8310

( 30,056)( 13)( 11,456)( 5)

8500 ($ 6,107)( 3) $ 39,043 19

8610 $ 23,883 10 $ 50,458 24

8620 66 - 41 -

$ 23,949 10 $ 50,499 24

8710 ($ 6,173)( 3) $ 39,002 19

8720 66 - 41 -

($ 6,107)( 3) $ 39,043 19

()

9750 $ 0.69 $ 1.66

()

9850 $ 0.69 $ 1.66

( IntelliEPI Inc. ( Cayman) and Subsidiaries)

2016 2015 1 1 3 31 ()

~7~

2015

2015 1 1 $ 300,552 $ 264,937 $ 17,025 $ 27,245 $ 322,693 $ 70,499 $1,002,951 $ 405 $ 1,003,356

() - - 1,173 - - - 1,173 - 1,173

16,386 99,455 - - - - 115,841 - 115,841

2015 - - - - 50,458 - 50,458 41 50,499

- - - - - ( 11,456) ( 11,456) - ( 11,456)

2015 3 31 $ 316,938 $ 364,392 $ 18,198 $ 27,245 $ 373,151 $ 59,043 $1,158,967 $ 446 $ 1,159,413

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

( IntelliEPI Inc. ( Cayman) and Subsidiaries)

2016 2015 1 1 3 31 ()

2016 1 1 3 3 1

2015 1 1 3 3 1

~8~

$ 37,096 $ 17,168

() 17,551 15,327

() 2,594 2,353

() 58 1,173

() ( 2,020 ) ( 923 )

()() 11 6,423

()

()

( 150 ) -

() ( 19 ) 2,599

/

() ( 36,894 ) ( 26,415 )

() ( 9,800 ) 13,680

1,437 ( 1,375 )

( 1,749 ) ( 665 )

- () ( 11 ) -

16,681 26,901

( 2,634 ) ( 2,057 )

813 ( 496 )

22,964 53,693

() - ( 1,513 )

688 923

23,652 53,103

() ( 6,096 ) ( 10,598 )

() ( 5,968 ) ( 16,009 )

( 12,064 ) ( 26,607 )

( 7,952 ) ( 1,467 )

3,636 25,029

362,209 205,509

$ 365,845 $ 230,538

~9~

(IntelliEPI Inc.(Cayman) and Subsidiaries)

2016 2015

()

()

( 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

2016 5 11

()()

()

()

2013

~10~

//

9 2018 1 1

10 28

10 12 28

2016 1 1

11

2016 1 1

14 2016 1 1

15 2018 1 1

15

15

2018 1 1

16

1

2019 1 1

2016 1 1

7 2017 1 1

12

1638

2017 1 1

2016 1 1

16 41 2016 1 1

19 2014 7 1

27 2016 1 1

36 2014 1 1

39

2014 1 1

21 2014 1 1

2010-2012 2014 7 1

2011-2013 2014 7 1

2012-2014 2016 1 1

2015

()

1.

34

~11~

2. 2015

()

1.(

)

2.

( IFRSs)

()

1.

2015

2.

3.

4.

5.

6.

()

20163

31

201512

31

20153

31

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

~12~

1.

(1)

(2)

(3)

(4)

2.

A.

B.

C.

2016 3 31 2015 12 31 2015 3 31

1 32.1932.83 31.30 2016

2015 1 33.14

31.52

2015

()

1.

2016331 20151231 2015331

94$ 128$ 8$

365,751 362,081 230,530

365,845$ 362,209$ 230,538$

~13~

2.

()

1.

1()

2()

3

2.

3.

2015 3 31 $501

2015 2016

3 31

4.

2016331 20151231 2015331

128,990$ 93,928$ 103,819$

- - 501)(

128,990$ 93,928$ 103,318$

2016331 20151231 2015331

1 88,832$ 57,319$ 55,750$

2 4,763 11,797 22,254

3 5,025 6,098 842

98,620$ 75,214$ 78,846$

2016331 20151231 2015331

30 21,522$ 16,029$ 23,202$

31-90 7,504 2,685 1,268

91-180 1,344 - 2

30,370$ 18,714$ 24,472$

~14~

()

()-

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

10,909 107)( 10,802

35,764 5,307)( 30,457

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

2016331

120,019$ 18,861)($ 101,158$

10,578 264)( 10,314

31,833 5,669)( 26,164

162,430$ 24,794)($ 137,636$

20151231

63,327$ 8,687)($ 54,640$

19,309 1,848)( 17,461

40,657 3,138)( 37,519

123,293$ 13,673)($ 109,620$

2015331

201611331 201511331

141,864$ 119,896$

426)( 5,584)(

- -

141,438$ 114,312$

2016331 20151231 2015331

261,375$ 266,676$ 251,659$

113 - -

261,488$ 266,676$ 251,659$

~15~

()

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$

201511

39,160$ 75,664$ 738,129$ 3,903$ 259$ 8,290$ 865,405$

- 48,802)( 487,456)( 2,554)( 157)( 3,153)( 542,122)(

39,160$ 26,862$ 250,673$ 1,349$ 102$ 5,137$ 323,283$

2015

11 39,160$ 26,862$ 250,673$ 1,349$ 102$ 5,137$ 323,283$

- 169 10,285 99 - 45 10,598

- - - - - - -

- - 10,741 - - - 10,741

- 1,264)( 13,463)( 239)( 10)( 351)( 15,327)(

433)( 305)( 2,826)( 14)( 1)( 55)( 3,634)(

331 38,727$ 25,462$ 255,410$ 1,195$ 91$ 4,776$ 325,661$

2015331

38,727$ 74,997$ 750,846$ 3,958$ 256$ 8,243$ 877,027$

- 49,535)( 495,436)( 2,763)( 165)( 3,467)( 551,366)(

38,727$ 25,462$ 255,410$ 1,195$ 91$ 4,776$ 325,661$

~16~

()

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$

201511

346$ 1,295$ 63,300$ 64,941$

148)( 880)( 3,768)( 4,796)(

198$ 415$ 59,532$ 60,145$

2015

11 198$ 415$ 59,532$ 60,145$

2,036 - - 2,036

29)( 73)( 2,251)( 2,353)(

2)( 3)( 644)( 649)(

331 2,203$ 339$ 56,637$ 59,179$

2015331

2,378$ 1,281$ 62,600$ 66,259$

175)( 942)( 5,963)( 7,080)(

2,203$ 339$ 56,637$ 59,179$

~17~

()

()

1.

(1)

$300,000 0% 3 2014

7 8 2017 7 8

2014 7 8

(2)

(3)

2014 7 8

70 2015 9 14

68.9 2016 3 31

$300,000 4,311

$317,866

(4)()

2.

39

2016331 20151231 2015331

10,848$ 7,087$ 260,285$

- - 1,276

10,848$ 7,087$ 261,561$

2016331 20151231 2015331

-$ 1,400$ 185,300$

- 202)( 39,703)(

-$ 1,198$ 145,597$

~18~

2016 2015 1 1 3 31

$150 $15,810

11.36%

()

1. 2016 3 31

2.

3.:

4. Black-Scholes

2011.7.31 19,500

()

10 1/363

2012.11.27 17,000 10 1/363

2012.11.27 45,000 10 1/484

2013.3.27 84,000 10 1/484

()

() ()

11 45,501 0.60$ 74,941 0.55$

- - - -

- - - -

- - - -

- - - -

- - - -

331 45,501 0.60 74,941 0.55

331 29,332 0.62 62,025 0.47

2016 2015

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

20121127 20221126 3 0.10 3 0.10 12 0.10

2013327 2023326 42 0.64 42 0.64 63 0.64

20151231 20153312016331

~19~

:

5.

()

2016 3 31 $400,000 40,000

$343,955 10

()

()

() () () ()

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

201611331 201511331

58$ 1,173$

2016 2015

11 34,375,199 30,055,247

20,318 1,638,542

331 34,395,517 31,693,789

~20~

()

1.

10%

10

10

2.

3.

4. 2016 3 30 2015

2 0.5 $85,989

1,719,776 50

1

()

2016 5 11

5.

()

201611331 201511331

218,952$ 181,982$

12,480 25,910

231,432$ 207,892$

201611331 201511331

141,438$ 114,312$

11,060 17,747

152,498$ 132,059$

~21~

()

()

1.()

2015 5 20

3%

3%

2015 11 11

2016

2. 2016 2015 1 1 3 31 ()

$3,613 $1,293$1,136

$646

2016 1 1 3 31

9.00% 2.83 %

201611331 201511331

91,307$ 82,436$

53,301 39,173

17,551 15,327

2,594 2,353

468 519

2,223 2,493

8,349 5,060

2,463 1,668

10,979 7,545

7,269 9,542

196,504$ 166,116$

201611331 201511331

43,494$ 29,740$

58 1,173

8,970 7,592

758 639

21 29

53,301$ 39,173$

~22~

2015 2015

()

()

():

201611331 201511331

2,020$ 923$

18 59

2,038 982

() 150 15,810)(

9)( 3,357)(

141 19,167)(

- 11)($ 6,423)(

2,168$ 24,608)($

201611331 201511331

730)($ 961)($

- 30

730)( 931)(

12,417)( 34,262

() 13,147)($ 33,331$

~23~

()

2014 7 8

2015

2016

3 31 2016

()

() ()

23,883$ 34,390 0.69$

()

23,883$ 34,390

- 39

23,883$ 34,429 0.69$

201611331

() ()

50,458$ 30,308 1.66$

()

50,458$ 30,308

- 59

50,458$ 30,367 1.66$

201511331

~24~

()

()

()

1.

2.

5 10

201611331 201511331

2,306$ 115,841$

201611331 201511331

11,874$ 8,589$

47 397

11,921$ 8,986$

2016331 20151231 2015331

8,774$ 14,953$ 18,172$

2016331 20151231 2015331

1 6,995$ 8,254$ 7,466$

15 4,145 3,744 7,728

5 - 604 203

11,140$ 12,602$ 15,397$

~25~

()

2015

()

2015

()

2015

()

2015

-

2014 7 8

(1) 2015 2016 2

2016 3 31

2015 3 31

(2) 2016 1 1 3 31

2015 1 1 3 31

() ()

(:)

145,598$ 31.30 4,652$

41,544$ 31.30 1,327$

2015331

~26~

(3):

2016 1 1 3 31

()

1.

2015 ()

2.

(

)

3. 2016 3 31 2015

12 31 2015 3 31

()

(:)

2,599)($ 31.52 82)($

201511331

()

(:)

1.00% 1,452$ -$

201511331

~27~

4.

(1)

(2)

()8

(3)

5. 2016 2015 1 1 3 31

6. 2016 2015 1 1 3 31

7.

20151231

-$ -$ 1,246$ 1,246$

2015331

-$ -$ 41,544$ 41,544$

2016 2015

11 1,246$ 51,450$

() 150)( 15,810

1,096)( 25,716)(

331 -$ 41,544$

~28~

8.

:

2016 3

31 2015 12 31 2015 3 31

20151231

()

$ 1,246 35.85%~

56.62%

2015331

()

$ 41,544 35.85%

1% 519$ 519$ -$ -$

2015331

~29~

()

1.

2.

2016

3. ( )

2016 3 31

4.

2016

5.

2016

6.

2016

7.

2016

8.

2016 3 31

9.

2016 ( ) ( ) ( ) ( )

~30~

10.

()

( )

()

1.

2.

~31~

()

()

1 Intelligent Epitaxy

Technology Inc.

IntelliEPI IR,

Inc.

1,339$ 6,697$ -$ 0

-$ -$ -$ 573,905$ 573,905$

1

(1).0

(2).1

2

3

4

5

6...

7

(Intelligent Epitaxy Technoligy Inc.)

1,434,762573,905

8141

142

7

7

6

1

2

3

8

4

5

201611331

()

1

(3)

1 Intelligent Epitaxy

Technology Inc.

IntelliEPI IR, Inc. 2 1,574

0.67%

1

(1).0

(2).1

2(

)

(1).

(2).

(3).

3

4

()

201611331

(1)

(2)

1

Intelligent Epitaxy

Technology Inc.

$772,120

(US$26,135)

$772,120

(US$26,135)

19,286,954 100% 1,428,821$ 29,279$ 29,279$

Intelligent Epitaxy

Technology Inc.

IntelliEPI Japan, Ltd. $372

(US$13)

$372

(US$13)

102 51% 341 134 69

" IntelliEPI IR, Inc. $116

(US$4)

$116

(US$4)

400,000 40% 6,461 945 945

1

21

1

2

3

3

201611331

()

2(2)

2(3)3

12

1

$ 10,745 3 -$ $ - $ - $ - 706)($ 100% 400)($ 4,985$ $ -

-$ -$ -$

1

(1).

(2).()

(3).IET-US

2

(1)

(2)

A.

B.

C.

201611331

()

1

2

1