Letter To Shareholders - Mitac

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audit and supervise the Company in performing the convertible bond on behalf of the bondholders. Bondholders who have acquired the convertible bond at its initial public offering or during the process agree to the trust agreement signed between the Company and the trustee, the rights and obligations of trustee, and the issuance and conversion guidelines; also, authorize the trustee to represent them and agree not to have the authorization revoked throughout the process. Bondholders may have the content of the trust agreement examined during the Company’s or the trustee’s office hours. 23. The underwriting office of the Company is authorized to have the principal, interest, and conversion of the convertible bond processed. 24. According to Article 8 of the Stock Exchange Law, no physical bond will be prepared for the converted bond. 25. The events that are not covered in the Regulations Governing Convertible Bond Issuance and Conversion are to be processed according to the relevant regulations. 44
4.3 Employees’ stock options 4.3.1. Employees’ stock option processed Types of employees’ stock options 3 nd employees’ stock options (1 st term) (2 st time after merging from TYAN Computers Corp. shares) 3 rd employees’ stock option (2 st term) (2 nd time after merging TYAN Computer Corp. shares) 4 rd employees’ stock option (1 nd term) (3 nd time after merging TYAN Computer Corp. shares) 4 th employees’ stock option (2 st term) (3 rd time after merging TYAN Computer Corp. shares) April 30, 2010 5 th employees’ stock option (1 nd term) Date approved by authorities 08.16,2005 08.16, 2005 03.31, 2006 03, 31, 2006 12, 1, 2006 Issuing (processing) date 08.31, 2005 03.10, 2006 06.30, 2006 03.19, 2007 12, 7, 2006 Issuance (Note 1) 489.278 units (Note 2) 489.278 units (Note 2) 404.759 units (Note 2) 711.895 units (Note 2) 32.000 units Ratio of stock option to outstanding shares 0.08% 0.03% 0.03% 0.05% 2.08% Valid duration 6 years 6 years 6 years 6 years 6 years Performance Issue new stock shares Issue new stock shares Issue new stock shares Issue new stock shares Issue new stock shares Limited stock option period and ratio (%) Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Employees hold stock options over two years can exercise their options until ten days before their expiration, except for any suspension by law. Time Exercise Percentage More than 2 years 50% More than 3 years 75% More than 4 years 100% Stock shares exercised 222,855shares 129,953shares 0 share 0 share 0 share Stock value exercised NT$ 3,024,254 NT$ 2,495,098 NT$ 0 NT$ 0 NT$ 0 Unexercised stocks (note 3) 447,855shares 159,922shares 138,887shares 648,403shares 180,000shares Stock option price of outstanding stock option NT$ 13.1 NT$ 16.7 NT$ 20.4 NT$ 20.0 NT$ 30.2 Ratio of outstanding stock option to outstanding shares (%) 0.03% 0.01% 0.01% 0.04% 0.01% Impact on shareholder’s equity All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. Note 1: Each stock option can exercise 1,000 common shares of MiTAC. Note 2: Followed the merger agreement to make the shares-subscription amount and price per unit in a ratio of (MiTAC: TYAN = 1: 1.26). Note 3: After deduction of given-up shares. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. All employees cannot exercise their stock options for two years; therefore, it does not cause significant dilution effect on shareholder’s equity. 45
Page 1 and 2: 009 ANNUAL REPORT StockNo:2315 2009
Page 3 and 4: Contents 1. 7. Assessment Letter To
Page 5 and 6: competitiveness Letter in the marke
Page 7 and 8: 2007 2009 2008 2005 2006 2007 Compa
Page 9 and 10: 2007 2009 2008 2005 2006 2007 Compa
Page 11 and 12: 3.1.2 Responsibilities of major dep
Page 13 and 14: Names Chairman Mathew Miau Director
Page 15 and 16: Titles Names Dates took position Sh
Page 17 and 18: Titles Vice president Vice presiden
Page 19 and 20: Below 2,000,000 Remuneration Rankin
Page 21 and 22: Titles Names MiTAC Salaries (A) In
Page 23 and 24: Managers Receiving Employee Bonuses
Page 25 and 26: 3.3.2 Supervisors’ participation
Page 27 and 28: Items Status Differentiation with o
Page 29 and 30: 3.3.4 Social contribution to enviro
Page 31 and 32: 3.3.6 Important resolutions reached
Page 33 and 34: 3.4. CPA’s dues Range of Audit Re
Page 35 and 36: 3.7 Relationships between the top t
Page 37 and 38: 3.8 Aggregate shareholding percenta
Page 39 and 40: 2. Preferred stock: None 4.1.4 Majo
Page 41 and 42: latest financial year after taking
Page 43 and 44: MiTAC International Corp. Regulatio
Page 45 and 46: converting price is to be adjusted
Page 47: total issuance value, the Company m
Page 51 and 52: April 30, 2010 Type of employees’
Page 53 and 54: April 30, 2010 Units:NT$ Thousand/
Page 55 and 56: April 30, 2010 Units:NT$ Thousand/S
Page 63 and 64: ‧Personal computers with wire or
Page 65 and 66: (6) Since many worldly famous compa
Page 67 and 68: communication technologies mature i
Page 69 and 70: manufactured for the mainstream mar
Page 71 and 72: state-of-the-art hardware with navi
Page 73 and 74: devices, establishes connection wit
Page 75 and 76: downstream technologies to develop
Page 77 and 78: 2009, and 1.3 million units sold in
Page 79 and 80: customer satisfaction for a greater
Page 81 and 82: 5.2.2 Important applications and pr
Page 83 and 84: Volume/value Year 2008 2009 Major p
Page 85 and 86: 5.4.2 MiTAC’s environmental healt
Page 87 and 88: consumption. To comply with the REA
Page 89 and 90: and the integration of all our comp
Page 91 and 92: 6. Financial Statement 6.1. Most re
Page 93 and 94: 6.2. Financial analysis in most rec
Page 95 and 96: 6.3. Supervisors’ Report of the m
Page 97 and 98: MITAC INTERNATIONAL CORP. AND SUBSI
Page 99 and 100:
MITAC INTERNATIONAL CORP. AND SUBSI
Page 101 and 102:
MITAC INTERNATIONAL CORP. AND SUBSI
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2.Research, development, manufactur
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4) Classification of current and no
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11) Allowance for doubtful accounts
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18) Convertible bonds For convertib
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C. When a company’s treasury stoc
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B. The Company's investee, G. Marso
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D. Lian Jie Investment Co., Ltd. ma
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than the sum of carrying value of i
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14) Long-term loans December 31, Ba
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17) Capital reserve The R.O.C. Secu
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19) Share-based payment ─ employe
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(b) As of December 31, 2009, the su
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G. (a) A summary of the movements u
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(c) The Company assumed the employe
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exceed the sum of retained earnings
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C. Components of deferred income ta
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21) Earnings per share Income befor
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treasury stock. 23) Personnel, depr
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E. Accounts payable As of December
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10. OTHER INFORMATION 1) The fair v
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(c) Short-term financial instrument
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11.SUPPLEMENTARY DISCLOSURES A. Inf
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Note 2: 47,500,000 shares were pled
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(8) Receivables from related partie
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B. Information of Subsidiaries: (1)
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Note 3: Equal to 50% of the net wor
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(5) Marketable securities for which
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(10) Information on derivative tran
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) Major transactions with the subsi
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D) The relation of business and imp
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12. SEGMENT INFORMATION 1) Operatio
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7 Assessment of financial condition
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7.3 Cash flow analysis Unit: NT$ Th
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7.5.2 Influences of the interest ra
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(4) Enterprise and channel servers/
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8.1. Information of affiliates 8.1.
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2. Affiliated companies - basic dat
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Company Name Date established Addre
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MiTAC (U.K.) Ltd. Sales of MiTAC’
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Company name Title Name or Rep. Sha
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8.2. MiTAC’s stocks held or dispo
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Letter To Shareholders - Mitac

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