DOCSLIB.ORG

YULON Annual Report 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
YULON Annual Report 2018 Annual Report 2018 Printed on April 30, 2019 SEC:mops.twse.com.tw YULON official Website:www.yulon-motor.com.tw Stock Code: 2201 I. Name, title, and phone of the spokesperson: Name: Steven W.Y. LO Title: General Manager Tel.：886-37-871801 Ext. 2900 E-mail：wy.lo @yulon-motor.com.tw Deputy Spokesperson：Wen Yuan Li Title：General Manager Tel.：886-37-871801 Ext. 2400 E-mail：wen-yuan.lee @yulon-motor.com.tw II. Headquarters and plant address: Headquaters: No. 39-1, Bogongkeng, Xihu Village, Sanyi Town, Miaoli County, Taiwan Tel.：886-37- 871801 Plant: No. 39-1, Bogongkeng, Xihu Village, Sanyi Town, Miaoli County, Taiwan Tel.：886-37-871801 Official Website：http//www.yulon-motor.com.tw III. Name, address, and phone of the stock transfer agency: Name: Yulon Motor Co., Ltd. Stock Affairs Office Address: 7F, No. 150, Sec. 2, Nanking E. Road, Taipei City (Hualian Building) Tel.：886-2-2515-6421~5 Official Website：http//www.yulon-motor.com.tw IV. Name, Firm, address, and phone of the acting independent auditors: 2018 Independent Auditors: Hsin-Wei TAI and Yu-Wei FAN CPA Firm: Deloitte & Touche Address: 12F, No. 156, Sec. 3, Minsheng E. Road, Taipei City (Hongtai Century Building) Tel.：886-2-2545-9988 Website：http//www.deloitte.com.tw V. Overseas securities exchange corporation listing: None VI. Corporate Website：http//www.yulon-motor.com.tw Notice to readers This English version annual report is a summary translation of the Chinese version and is not an official document of the shareholders’ meeting. If there is any discrepancy between the English version and Chinese version, the Chinese version shall prevail. CONTENTS I. Letter to Shareholders ................................................................................................................................. 1 II. Company Introduction 2.1 Company Brief Introduction ............................................................................................................ 3 2.1.1 Establishing Date ............................................................................................................... 3 2.1.2 Highlights of Development ................................................................................................ 3 2.1.3 Achievement in 2018 ......................................................................................................... 10 2.1.4 Others ................................................................................................................................. 10 III. Corporate Governance Report 3.1 Organization chart ............................................................................................................................ 12 3.1.1 Organization chart .............................................................................................................. 12 3.1.2 Primary Functions of Departments .................................................................................... 12 3.2 Directors, Supervisors, President, Senior Vice President, Vice President, and the respective departments and branch officers ..................................................................................... 13 3.2.1 Directors and Supervisors’ Information ............................................................................. 13 3.2.2 Major shareholders of institutional shareholders ............................................................... 16 3.2.3 Major shareholder of major institutional shareholders ...................................................... 17 3.2.4 Expertise and independence of directors and supervisors .................................................. 19 3.2.5 Information on President, Senior Vice President, Vice President, and each department head ................................................................................................................. 20 3.2.6 Compensation paid to Directors, Supervisors, President, and Senior Vice President for the Year 2018. .............................................................................................. 22 3.2.7 Analysis and explanation of the total compensations paid to directors, supervisors, President, and Senior Vice President/Net income ratio (%) for the last two years ..................................................................................................................... 27 3.3 Operation of Corporate Governance ................................................................................................ 28 3.3.1 Information of the Board function ..................................................................................... 28 3.3.2 Function of Audit Committee ............................................................................................ 32 3.3.3 The operation of corporate governance and its differing from the Corporate Governance Best-Practice Principles for TWSE/GTSM Listed Companies, and the reasons ......................................................................................................................... 36 3.3.4 The company that has set up a Compensation Committee shall disclose its composition, responsibilities, and operation ...................................................................... 40 3.3.5 Performance of social responsibilities ............................................................................... 42 3.3.6 Company’s ethical corporate management and adopted measures .................................... 47 3.3.7 Corporate governance best-practice principles and related bylaws adopted by the Company and the inquiry methods .............................................................................. 48 3.3.8 Any other material information that would afford a better understanding of the status of the Company’s implementation of corporate governance may also be disclosed ............................................................................................................................ 48 3.3.9 Internal Control System Execution Status ......................................................................... 49 1. Internal control statement............................................................................................... 49 2. Independent Auditor’s Internal Control System Report ................................................. 49 3.3.10 Company or employees been penalized by law or employees received penalties CONTENTS from company for violating the Internal Control regulations in fiscal year 2018and as of the publication date of the annual report, major nonconformities, and status of improvements ............................................................................................... 49 3.3.11 Major resolutions reached in the Shareholders’ Meeting and Board Meeting in fiscal year 2018 and as of the publication date of the annual report .................................. 50 3.3.12 The objections of the directors or supervisors against the major resolutions reached in the Board meeting recorded or documented in writing in fiscal year 2018 and as of the publication date of the annual report.................................................... 52 3.3.13 Table of resignation and dismissal of the Chairman, President, Accounting Officer, Finance Officer, Internal Chief Auditor, and R&D Director in fiscal year 2018 and as of the publication date of the annual report ............................................ 52 3.3.14 Other disclosures ................................................................................................................ 52 3.4 Information on auditing fees ............................................................................................................ 53 3.4.1 When the non-auditing fee paid to the independent auditors, the CPA firm, and the affiliated companies is over one fourths of the auditing fee, shall disclose the amount of auditing and non-audit fee and the content of non-auditing services .............................................................................................................................. 53 3.4.2 The auditing fee paid in the year of changing to another CPA firm is less than the auditing fee paid in the prior year, shall state the amount of reduction, ratio, and reasons...... ................................................................................................................... 53 3.4.3 When the auditing fee is decreased by over 15% from the prior year, shall state the amount of auditing fee reduced, ratio, and reasons ...................................................... 53 3.5 Information on change of CPA ........................................................................................................ 53 3.6 When the Company’s Chairman, President, or Financial/Accounting Manager employed by the underlying CPA firm or its affiliates within the year, shall disclose the name, the position, and working period in the underlying CPA firm or its affiliates ....................................... 54 3.7 Equity transfer and equity change of the directors, supervisors, managers, and shareholders with over 10% shareholding in fiscal year 2018and as of the publicationdate of the annual report ................................................................................................. 54 3.7.1 Changes in shareholding of the Directors, Supervisors, Managers, and Major Shareholders....................................................................................................................... 54 3.7.2 Equity Transferred Information ........................................................................................
Load more

Recommended publications
  • 2016 Annual Report (Translation)
    Stock Code 2204 China Motor Corporation 2016 Annual Report (Translation) Printed on March 31, 2017 Notice to Readers The Annual Report have been translated into English from the original Chinese version. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese version shall prevail. I. Information regarding Spokesperson, Deputy Spokesperson Spokesperson: Ching-Wu Chien Title: Vice President Deputy Spokesperson: Yu-Chun Su Title: General Manager, Corporate Planning Division, China Motor Corporation Tel: 886-3-4783191 Email: [email protected] II. Contact Information of Headquarter, Branch Company and Plant Headquarter Address: 11F., No.2, Sec. 2, Dunhua S. Rd., Da’an Dist., Taipei City 106, Taiwan Tel: 886-2-23250000 China Motor Training Center Address: No.3, Qingnian Rd., Yangmei Dist., Taoyuan City 326, Taiwan Tel: 886-3-4641100 Yang Mei Plant Address: No.618, Xiucai Rd., Yangmei Dist.,Taoyuan City 326, Taiwan Tel: 886-3-4783191 Hsin Chu Plant Address: No.2, Guangfu Rd., Hukou Township, Hsinchu County 303, Taiwan Tel: 886-3-5985841 III. Common Share Transfer Agent and Registrar Company: China Motor Corporation Address: 7F., No.150, Sec. 2, Nanjing E. Rd., Zhongshan Dist., Taipei City 104, Taiwan Tel: 886-2-25156421 Website: http:// www.china-motor.com.tw IV. Information regarding 2016 Auditors Company: Deloitte & Touche Auditors: Eddie Shao, Lilac Shue Address: 12F, 156, Sec. 3, Min-Sheng E. Rd., Taipei 105-96, Taiwan Tel: 886-2-25459988 Website: http://www.deloitte.com.tw V. Information regarding Depositary: N.A.
    [Show full text]
  • Parrot Talks to TN About Its Sensus Connected Touch Solution for Volvo APPS
    An SBD February 2013 Information Service Other exclusive EXCLUSIVE: Parrot talks to TN about insights: its Sensus Connected Touch solution for Volvo Hughes Telematics reveals China plans to TN APPS 60% growth in the Important notice to our readers number of apps offered by OEMs From the April edition, the Telematics News Bulletin will become a paid for premium service. Contact us today to continue to receive: • Exclusive news • China news • Insights • Databases Should Inkanet’s • Interviews • Posters Troubles Worry Other CONTACT US: [email protected] OEMs in China? ADVANCED DRIVER ASSISTANCE SYSTEMS EUROPEAN GUIDE SBD’s new ADAS Guide for Europe includes information for ADAS systems offered on 273 vehicle models by 33 vehicle manufacturers in Europe. Users can dig deeper into the raw database to understand the key technology, fitment, pricing, supplier and availability trends. TECHNOLOGIES COVERED ACC FCW AEB NV/PD TSR LDW BSM DM PA Adaptive Forward Automatic Night Traffic Lane Blind Driver Parking Cruise Collision Emergency Vision & Speed Departure Spot Monitoring Assist Control Warning Braking Pedestrian Recognition Warning Monitoring Detection ANALYTICAL TOOLS Analyse trends by OEM Analyse trends by Analyse trends by ADAS application Tier 1 supplier [email protected] www.sbd.co.uk +44 1908 305101 An SBD Information Service Daimler creates subsidiary for innovative mobility EXCLUSIVE: Parrot talks services >> Pg. 6 to TN about its Sensus WorldDMB says expiry of Philips DAB patents will reduce costs >> Pg. 7 Connected Touch Bouygues and Sierra Wireless choose Mobile Devices solution for Volvo for Peugeot >> Pg. 7 >>Pg. 4 MirrorLink 1.0 released for public download >> Pg.
    [Show full text]
  • Global Operational Presence [P81-82]144KB
    Global Operational Presence Today, Nissan has major production and office facilities in global company, Nissan will continue to focus on Japan, the United States, Mexico, Europe, the Middle providing value to all our stakeholders as we work toward East, South Africa, China and the Southeast Asian our vision of Enriching People’s Lives. countries, as well as in other regions of the world. As a Europe North America Japan Middle East Asia Africa South America Oceania Regional Headquarters R&D Automobile Production NISSAN Worldwide Main National Sales Company Network ●R&D: 11 countries/areas ●Automobile ●Design: Six design centers in four countries/areas Production Plants: 16 countries/areas (Japan, USA, U.K., Taiwan) ●Sales Network: More than 160 countries/ approximately 10,000 dealers ●Retail Sales by Region in Fiscal 2005 Japan United States 842,000 1,075,000 units units Europe General Overseas Markets＊ 541,000 1,111,000 units units ＊Including Mexico and Canada 81 Nissan Sustainability Report 2006 Nissan Group Operations The Nissan Group’s organization aims to integrate including research, development, purchasing and regional activities with global functional activities. Four production, are in charge of global, functional coordination. management committees for Japan, the Americas, Nissan’s Global Headquarters takes a cross-organizational Europe and the General Overseas Markets supervise approach adding value to regional and functional activities regional activities, while each functional department, while coordinating our global operations. Global Nissan Regional Activities Headquarters General Overseas Japan Americas Europe Market Management Management Management Management Committee Committee Committee Committee Nissan Motor Nissan Nissan General Overseas Co., Ltd. North America, Inc.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • FTSE World Asia Pacific
    2 FTSE Russell Publications 19 August 2021 FTSE World Asia Pacific Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) a2 Milk 0.04 NEW Asustek Computer Inc 0.1 TAIWAN Cheil Worldwide 0.02 KOREA ZEALAND ASX 0.12 AUSTRALIA Cheng Shin Rubber Industry 0.03 TAIWAN AAC Technologies Holdings 0.05 HONG KONG Atlas Arteria 0.05 AUSTRALIA Chiba Bank 0.04 JAPAN ABC-Mart 0.02 JAPAN AU Optronics 0.08 TAIWAN Chicony Electronics 0.02 TAIWAN Accton Technology 0.07 TAIWAN Auckland International Airport 0.06 NEW China Airlines 0.02 TAIWAN Acer 0.03 TAIWAN ZEALAND China Development Financial Holdings 0.07 TAIWAN Acom 0.02 JAPAN Aurizon Holdings 0.05 AUSTRALIA China Life Insurance 0.02 TAIWAN Activia Properties 0.03 JAPAN Ausnet Services 0.03 AUSTRALIA China Motor 0.01 TAIWAN ADBRI 0.01 AUSTRALIA Australia & New Zealand Banking Group 0.64 AUSTRALIA China Steel 0.19 TAIWAN Advance Residence Investment 0.05 JAPAN Axiata Group Bhd 0.04 MALAYSIA China Travel International Investment <0.005 HONG KONG ADVANCED INFO SERVICE 0.06 THAILAND Azbil Corp. 0.06 JAPAN Hong Kong Advantech 0.05 TAIWAN B.Grimm Power 0.01 THAILAND Chow Tai Fook Jewellery Group 0.04 HONG KONG Advantest Corp 0.19 JAPAN Bandai Namco Holdings 0.14 JAPAN Chubu Elec Power 0.09 JAPAN Aeon 0.2 JAPAN Bangkok Bank (F) 0.02 THAILAND Chugai Seiyaku 0.27 JAPAN AEON Financial Service 0.01 JAPAN Bangkok Bank PCL (NVDR) 0.01 THAILAND Chugoku Bank 0.01 JAPAN Aeon Mall 0.02 JAPAN Bangkok Dusit Medical Services PCL 0.07 THAILAND Chugoku Electric Power 0.03 JAPAN Afterpay Touch Group 0.21 AUSTRALIA Bangkok Expressway and Metro 0.02 THAILAND Chunghwa Telecom 0.17 TAIWAN AGC 0.08 JAPAN Bangkok Life Assurance PCL 0.01 THAILAND CIMB Group Holdings 0.08 MALAYSIA AGL Energy 0.04 AUSTRALIA Bank of East Asia 0.03 HONG KONG CIMIC Group 0.01 AUSTRALIA AIA Group Ltd.
    [Show full text]
  • Business Groups in South Korea and Taiwan
    Institute of Governmental Affairs University of California, Davis Business Groups in South Korea and Taiwan: A Comparison and Database by Robert C. Feenstra Revised, October 1997 Program on Pacific Rim Business and Development 2 Business Groups in South Korea and Taiwan: A Comparison and Database by Robert C. Feenstra Dept. of Economics, University of California, Davis and National Bureau of Economic Research Revised, October 1997 Abstract This paper describes a database of business groups in South Korea and Taiwan. The most detailed data are available for 1989 in South Korea and 1994 for Taiwan, though additional information is provided for the groups in both countries in 1983 and 1986. The detailed data includes a transactions matrix for each major business group, which specifies the sales to other member firms within the group, as well as total sales and other information for each firm. Thus, the detailed data can be used to construct measures of the vertical integration for each business group, and can also be used to analyze their sales across different sectors of the economy. These results are reported in the paper, along with documentation of the variables included in the database. The database for each country can be ordered for $50 from: Shelagh Matthews Mackay, Institute of Governmental Affairs, University of California, Davis, CA 95616, or downloaded from www.internationaldata.org (choose “Asia”). Note: This database has been assembled over the past decade at the Pacific Rim Business and Development Program, Institute of Governmental Affairs, under the direction of Gary Hamilton and Robert Feenstra. It would not have been possible without the help of the staff there and many research assistants.
    [Show full text]
  • 2017 Annual Report
    東風汽車 DONGFENG MOTOR GROUP COMP 集團股份有限 ANY LIMITED 公司 東風汽車集團股份有限公司 東風汽車集團股份有限公司 DONGFENG MOTOR GROUP COMPANY LIMITED DONGFENG MOTOR GROUP COMPANY LIMITED 股份代號：489 Stock Code: 489 2017 2017 年度報告 2017 Annual Report * 僅供識別 * For identification purposes only DFG_AR17_Cover_A02.indd 1 24/4/2018 18:18:32 Contents Corporate Profile 2 Business and Financial Summary 4 Chairman’s Statement 7 Report of Directors 10 Management Discussion and Analysis 43 Profiles of Directors, Supervisors and Senior Management 50 Report of the Supervisory Committee 57 Corporate Governance Report 59 Independent Auditor’s Report 82 Consolidated Income Statement 91 Consolidated Statement of Comprehensive Income 92 Consolidated Statement of Financial Position 93 Consolidated Statement of Changes in Equity 95 Consolidated Statement of Cash Flows 97 Notes to the Financial Statements 100 Five Year Financial Summary 190 Notice of Annual General Meeting and Relating Information 192 Definitions 208 Corporate Profile I. CORPORATE INFORMATION Company Name Dongfeng Motor Group Company Limited Registered Address Special No. 1 Dongfeng Road Wuhan Economic and Technology Development Zone Wuhan, Hubei PRC Principal Place of Business in the PRC Special No. 1 Dongfeng Road Wuhan Economic and Technology Development Zone Wuhan, Hubei PRC Principal Place of Business in Hong Kong Level 54, Hopewell Centre 183 Queen’s Road East Hong Kong II. STOCK PROFILE OF THE COMPANY Listing Date 7 December 2005 Place of Listing The Stock Exchange of Hong Kong Limited Stock Code 00489 Total Issued Share
    [Show full text]
  • China Motor Corporation Investor Conference (Ticker Symbol ：2204)
    China Motor Corporation Investor Conference (ticker symbol ：2204) Aug. 19, 2020 0 Agenda 14:30 China Motor Corporation Investor Conference CMC Operating Results and Future Plan 8 Opinion Exchange 15:10 Presenter ：Cheng-Chang Huang Vice President 1 CMC Operating Results and Future Plan (ticker symbol ：2204) Safe Harbor Notice This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of China Motor Corporation (“CMC”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties which may vary from time to time and actual results may differ materially from those contained in the forward-looking statements, whether as result of new information, future events, or otherwise. CMC, its subsidiaries and representatives do not undertake any obligation to the damages resulted from the use, with or without negligence, of this presentation or other information related with it, except as required by law. Any part of this presentation can not be, on any purpose, directly or indirectly replicated, spread, transmitted or published. 3 Outline Market Overview • Auto Market in Taiwan • Auto Market in China CMC’s Operating Results in the first half of 2020 CMC’s Prospect in 2020 4 Auto Market in Taiwan Estimated (Directorate-General of Budget, Accounting and Statistics) (Taiwna Institute of (Chung-Hua Institution Economic Research) Economic Research) (Source： Directorate-General of Budget, Accounting and Statistics) Due to the COVID-19, the economic growth rate is a negative value in Q2. But the epidemic outbreak has been controlled, the government deregulate gradually and introduce consumption policies to boost consumption in the second half of the year.
    [Show full text]
  • ANNUAL REPORT 2012 Contents
    CHINA METAL INTERNATIONAL HOLDINGS INC. (Incorporated in the Cayman Islands with limited liability) Stock Code : 319 ANNUAL REPORT 2012 CONTENTS 2 CORPORATE INFORMATION 3 CHAIrman’s STATEMENT 5 MANAGEMENT DISCUSSION AND ANALYSIS 8 CORPORATE GOVERNANCE REPORT 17 REPORT OF THE DIRECTORS 25 BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT 31 INDEPENDENT AUDITor’s REPORT 32 CONSOLIDATED INCOME STATEMENT 33 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 34 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 35 STATEMENT OF FINANCIAL POSITION 36 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 37 CONSOLIDATED CASH FLOW STATEMENT 38 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 86 FIVE YEARS SUMMARY Annual Report 2012 CHINA METAL INTERNATIONAL HOLDINGS INC 1 CORPORATE INFORMATION BOARD OF DIRECTORS PLACE OF BUSINESS IN HONG KONG Executive Directors Room 1502, 15th Floor The Chinese Bank Building KING Fong-Tien (Chairman) 61-65 Des Voeux Road Central TSAO Ming-Hong (Vice Chairman) Hong Kong WU Cheng-Tao CHEN Shun Min PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Non-Executive Director Appleby Corporate Services (Cayman) Ltd. Christian Odgaard PEDERSEN Clifton House 75 Fort Street Independent Non-Executive Directors P.O. Box 1350 GT George Town, Grand Cayman WONG Tin Yau, Kelvin, FHKIoD Cayman Islands CHIU LIN Mei-Yu (also known as Mary Lin Chiu) CHEN Pou-Tsang (also known as Angus P.T. Chen) HONG KONG BRANCH SHARE REGISTRAR COMPANY SECRETARY AND TRANSFER OFFICE TSE Kam Fai Computershare Hong Kong Investor Services Limited Shops 1712-1716, 17/F AUTHORISED REPRESENTATIVES Hopewell Centre 183 Queen’s Road East CHEN Shun Min Wanchai, Hong Kong TSE Kam Fai PRINCIPAL BANKERS AUDIT COMMITTEE Agricultural Bank of China WONG Tin Yau, Kelvin, FHKIoD (chairman) Tianjin TEDA Branch CHIU LIN Mei-Yu (also known as Mary Lin Chiu) International Development Building CHEN Pou-Tsang (also known as Angus P.T.
    [Show full text]
  • Encouraging Knowledge-Intensive Industries: What Australia Can Draw from the Industrial Upgrading Experiences of Taiwan and Singapore
    ENCOURAGING KNOWLEDGE-INTENSIVE INDUSTRIES: WHAT AUSTRALIA CAN DRAW FROM THE INDUSTRIAL UPGRADING EXPERIENCES OF TAIWAN AND SINGAPORE John A. Mathews Macquarie Graduate School of Management Report commissioned by the Australian Business Foundation August 1999 CONTENTS Page Foreword 3 Executive Summary 5 Abbreviations 9 1. Introduction: What is there to learn from Asia in 1999? 11 2. Industrial upgrading in Taiwan 15 3. Case study: Taiwan's innovation alliances 35 4. Industrial upgrading in Singapore 57 5. Case study: Singapore's cluster development strategies 76 6. Common institutional elements: Industrial upgrading and institutional learning 83 7. Concluding remarks: A way forward for Australian firms and institutions 94 2 FOREWORD Professor John A. Mathews of the Macquarie Graduate School of Management was commissioned by the Australian Business Foundation to research and prepare a paper that would offer some practical examples of industrial upgrading of relevance for Australia. The paper submitted describes and analyzes the industrial and technological upgrading practices of firms and public institutions in Singapore and Taiwan. These two nations are of particular interest because they have weathered the recent Asian financial crisis well. Their institutional strategies are robust and have important lessons for other countries, including Australia. The Australian Business Foundation is Australia's newest, independent, private sector economic and industry policy think-tank. It is sponsored as a separate research arm by Australian Business, the pre-eminent business services organisation. The mission of the Australian Business Foundation is to strengthen Australian enterprise through research and policy innovation. It does this by conducting ground-breaking research, which it uses to foster informed and well-argued debates and imaginative policy solutions and initiatives.
    [Show full text]
  • China Motor Corporation and Subsidiaries
    China Motor Corporation and Subsidiaries Consolidated Financial Statements for the Nine Months Ended September 30, 2019 and 2018 and Independent Auditors’ Review Report INDEPENDENT AUDITORS’ REVIEW REPORT The Board of Directors and the Shareholders China Motor Corporation Introduction We have reviewed the accompanying consolidated balance sheets of China Motor Corporation and its subsidiaries (collectively, the “Group”) as of September 30, 2019 and 2018, the related consolidated statements of comprehensive income for the three months ended September 30, 2019 and 2018 and for the nine months ended September 30, 2019 and 2018, the consolidated statements of changes in equity and cash flows for the nine months then ended and the related notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the “consolidated financial statements”). Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews. Scope of Review Except as explained in the following paragraph, we conducted our reviews in accordance with Statement of Auditing Standards No. 65 “Review of Financial Information Performed by the Independent Auditor of the Entity”. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.
    [Show full text]
  • Taiwan's Top 50 Corporates
    Title Page 1 TAIWAN RATINGS CORP. | TAIWAN'S TOP 50 CORPORATES We provide: A variety of Chinese and English rating credit Our address: https://rrs.taiwanratings.com.tw rating information. Real-time credit rating news. Credit rating results and credit reports on rated corporations and financial institutions. Commentaries and house views on various industrial sectors. Rating definitions and criteria. Rating performance and default information. S&P commentaries on the Greater China region. Multi-media broadcast services. Topics and content from Investor outreach meetings. RRS contains comprehensive research and analysis on both local and international corporations as well as the markets in which they operate. The site has significant reference value for market practitioners and academic institutions who wish to have an insight on the default probability of Taiwanese corporations. (as of June 30, 2015) Chinese English Rating News 3,440 3,406 Rating Reports 2,006 2,145 TRC Local Analysis 462 458 S&P Greater China Region Analysis 76 77 Contact Us Iris Chu; (886) 2 8722-5870; [email protected] TAIWAN RATINGS CORP. | TAIWAN'S TOP 50 CORPORATESJenny Wu (886) 2 872-5873; [email protected] We warmly welcome you to our latest study of Taiwan's top 50 corporates, covering the island's largest corporations by revenue in 2014. Our survey of Taiwan's top corporates includes an assessment of the 14 industry sectors in which these companies operate, to inform our views on which sectors are most vulnerable to the current global (especially for China) economic environment, as well as the rising strength of China's domestic supply chain.
    [Show full text]