DOCSLIB.ORG

Scinopharm Taiwan, Ltd. 2017 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Scinopharm Taiwan, Ltd. 2017 Annual Report Stock Code：1789 ScinoPharm Taiwan, Ltd. 2017 Annual Report 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 and Chinese versions, the Chinese version shall prevail. Taiwan Stock Exchange Market Observation Post System: http://mops.twse.com.tw ScinoPharm Taiwan, Ltd. Annual Report is available at: http://www.scinopharm.com.tw Printed on 04 30, 2018 Spokesperson Headquarters, Branches and Plant Name: To be determined by the BOD Headquarters Title: To be determined by the BOD Address: No.1, Nan-Ke 8th Road Tel: 886-6-5052888 Southern Taiwan Science Park E-mail: To be determined by the BOD Shan-Hua, Tainan, 74144, Taiwan Tel: 886-6-5052888 Deputy Spokesperson Name: Chih-Hui Lin Title: Director of Finance Tel: 886-6-5052888 E-mail:[email protected] Stock Transfer Agent President Securities Corporation Address: B1, No.8, Dongxing Rd., Taipei City Tel: 886-2-2746-3797 Website: Http://www.pscnet.com.tw Auditors PricewaterhouseCoopers, Taiwan Address: 12F, 395 Linsen Rd., Sec. 1 Tainan, Taiwan 70151 Tel.: 886-6-234-3111 Website: http://www.pwc.tw/ Overseas Securities Exchange Not applicable Corporate Website http://www.scinopharm.com.tw II Contents I Letter to Shareholders .............................................................................................. 1 II. Company Profile ..................................................................................................... 4 2.1 Date of Incorporation ............................................................................................................ 4 2.2 Company History................................................................................................................... 4 III. Corporate Governance Report ............................................................................ 7 3.1 Organization .......................................................................................................................... 7 3.2 Directors, Supervisors and Management Team ................................................................... 10 3.3 Remuneration paid to Company directors, supervisors, president, and senior vice presidents over the past year .............................................................................................. 25 3.4 Implementation of Corporate Governance .......................................................................... 30 3.5 Information Regarding the Company’s Audit Fee and Independence ................................ 81 3.6 Replacement of CPA ........................................................................................................... 81 3.7 If the Company's Chairman, President, or managers responsible for financial and accounting affairs have held any position in the accounting firm or its affiliates during the past year, all relevant information should be disclosed .................................... 82 3.8 Net Change in shareholdings and in shares pledged by directors, supervisors, management, and shareholders holding more than a 10% share in the Company ............. 82 3.9 Relationship among the Top Ten Shareholders................................................................... 84 3.10 Ownership of Shares in Affiliated Enterprises ................................................................ 100 IV. Capital Overview ............................................................................................... 101 4.1 Capital and Shares ............................................................................................................. 101 4.2 Bonds ................................................................................................................................. 106 4.3 Status of Corporate Bonds, Preferred Stock, GDR, Employee Stock Option Plan, Employee Restricted Stock Plans, Mergers, Acquisitions, and Spin-Offs ....................... 107 4.4 Financing Plans and Implementation ................................................................................ 109 V. Operational Highlights ....................................................................................... 110 5.1 Business Activities ............................................................................................................ 110 5.2 Market and Sales Overview............................................................................................... 128 5.3 Human Resources .............................................................................................................. 142 5.4 Environmental Protection Expenditure ............................................................................. 142 5.5 Protective measures for workplace and personal safety of employees ............................. 147 5.6 Labor Relations ................................................................................................................. 151 5.7 Important Contracts ........................................................................................................... 155 VI. Financial Information ....................................................................................... 158 6.1 Five-Year Financial Summary .......................................................................................... 158 III 6.2 Five-Year Financial Analysis ............................................................................................ 163 6.3Audit Committee’s Report in the Most Recent Year ......................................................... 169 6.4 The Audited Consolidated Financial Report for the most Recent Fiscal Year ................. 169 6.5 The Audited Parent Company only Financial Report for the most Recent Fiscal Year .................................................................................................................................. 169 6.6 Financial Difficulties ......................................................................................................... 169 VII Review of Financial Conditions, Operating Results, and Risk Management ..................................................................................................... 170 7.1 Analysis of Financial Status .............................................................................................. 170 7.2 Analysis of Operation Results ........................................................................................... 171 7.3 Analysis of Cash Flow....................................................................................................... 173 7.4 Major Capital Expendure Items......................................................................................... 174 7.5 Investment Policy in Last Year, Main Causes for Profits or Losses, Improvement Plans and the Investment Plans for the Coming Year ...................................................... 174 7.6 Analysis of Risk Management........................................................................................... 176 7.7 Other Important Matters .................................................................................................... 184 VIII.Special Disclosure ............................................................................................ 185 8.1 Summary of Affiliated Companies .................................................................................... 185 8.2 Private Placement Securities in the Most Recent Years .................................................... 195 8.3 The Shares in the Company Held or Disposed of by Subsidiaries in the Most Recent Years .................................................................................................................... 195 8.4 Other Necessary Supplement ............................................................................................ 195 8.5 Other Supplementary Disclosure ....................................................................................... 197 IV I Letter to Shareholders Dear Shareholders: In recent years, low prices have hit the generic drug market globally and the merging of companies has become a trend. In the United States, many mergers and acquisitions in the pharmaceutical retail channel have led to depressed prices from joint procurements. At the same time, oncology drugs are being seen as personalized medical treatment. Fewer small molecule blockbuster drugs are found in the market. Coupled with the strong appreciation of the Taiwan dollar over the last year, these phenomena have impacted the annual profit and revenue of export-oriented ScinoPharm. Despite the intensifying external environmental challenges, with the concerted diligence of its employees, ScinoPharm has employed continuous effort in optimizing processes, controlling costs and increasing management efficiency. At the same time, it has also been accelerating the expansion of product lines, making good use of active pharmaceutical ingredient into the development of formulated products, and proactively making headway into the field of specialty generic drug development. In 2017, the company’s consolidated annual revenue was NT$3.516 billion. The after-tax net profit was NT$422 million, and the after-tax earnings per share was NT$0.53. As of the end of last year, the company’s paid-up capital was NT$7.907 billion, and the shareholder’s equity was NT$10.4 billion, which accounted for approximately 82% of its total assets
Load more

Recommended publications
  • World Bank Document
    I-ufnu 50ar FILE-COPY RESTRICTED Report No. DB-34.1 Public Disclosure Authorized This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVELOPMENT ASSOCIATION Public Disclosure Authorized APPRAI]SAL OF CHINA DEVELOPMENT CORPORATION Public Disclosure Authorized July 18, 1967 Public Disclosure Authorized Development Finance Companies CURRENCY EQUIVALENTS US$1. 00 = 40. 1 New Taiwan dollars (NT$) NT$1. 00 = US$0. 025 NT$1, 000, 000 = US$24,938 APPRAISAL OF CHINA DEVELOPMENT CORPORATION This report is based on the findings of a mission consisting of Messrs. Pollan and Hedberg of IFC which visited Taiwan in December 1966 TABLE OF CONTENTS Page Paragraph SUIM4ARY AND CONCLUSIONS 1 I. INTRODUCTION 1 1 II. THE ENVIRONIMENT Industrial Growth 1 2 Policy Setting 2 6 Financial Institutions and Capital Market 3 9 III. THE CORPORATION Objectives and Scope 6 15 Ownership 6 16 Resources 6 17 Organization and Procedures 7 20 Relations with Government and Business Community 9 28 IV. POLICIES AND OPERATIOtNS Policies 9 30 Operations 11 34 CDC's Role in Industry and the Economy 13 4 V. FINANCIAL POSITION AND RESULTS Balance Sheet 14 49 Profit and Loss 15 54 Reserves, Dividends and Share Yield 16 55 VI. PROSPECTS The Setting 16 56 CDC's Future Operations 17 58 Resources Needed 18 61 Future Financial Position 19 62 VII. CONCLUSIONIS AND RECOMI1ENDATIONS Evaluation 21 67 Recommendaitions 21 70 ANNEXES APPRAISAL OF CHINA DEVELOPMENT CORPORATION Summary and Conclusions 1.
    [Show full text]
  • The Spatial Strategy of Urban Planning for an Industry-Based City in Taiwan Under Japanese Colonial Rule — the Case of Pingtung City
    International Journal of Social Science and Humanity, Vol. 6, No. 11, November 2016 The Spatial Strategy of Urban Planning for an Industry-Based City in Taiwan under Japanese Colonial Rule — The Case of Pingtung City Chuan-Hsiang Hung, Ming-Hsien Ko, and Sen-I Tsai prefecture-administered cities under Japanese rule, it was the Abstract—The industrial revolution has changed our society only one that was planned and developed for a particular and living environment. In the early twentieth century, industry. It is the primary interest of the present paper to following Emperor Meiji's policy of Westernization, the explore the spatial strategy employed in planning the city and Japanese colonial government introduced primary industries to analyze the blueprints, proposals, plots, and related literature. Taiwan along with the western infrastructure and spatial planning, and Pingtung was one of the cities that received such In view of the relationship of the urban construction with the innovations. Pingtung City's rise owed much to the economic development of the Pingtung Plain, the surrounding factors policy of the Office of the Governor-General of Taiwan, and the also play a key role, evidenced in the Neighborhood Map of city's transformation from a remote village to a new Taiwan (臺灣堡圖, the 1904 edition), the Topographic Map industry-oriented city in thirty years' time was achieved 臺灣地形圖 through space planning, which involved two major phases. This of Taiwan ( ), and the Flood Control Map of the paper introduces Pingtung City's historical background and the Lower Tamsui River (下淡水溪治水計畫圖). The spatial process of its rise to economic prominence before the Second planning of this historic city is the focus of the present paper, World War.
    [Show full text]
  • A Study on the Guaranteed Sugar Price in Taiwan by Chwei-Lin Fan A
    A study on the guaranteed sugar price in Taiwan by Chwei-lin Fan A THESIS Submitted to the Graduate Faculty in partial fulfillment of the requirements for the degree of Master of Science in Agricultural Economics Montana State University © Copyright by Chwei-lin Fan (1961) Abstract: This report reveals farm survey research applying to the guaranteed sugar price in Taiwan. The minimum guaranteed sugar price is determined on the basis of survey data furnished by the Taiwan Sugar Corporation and is announced by the government prior to the period of planting of each cane crop year. Since 1957 the sugar support price in Taiwan has served as a reliable method for the government's sugar-price policy making and has also been broadly welcomed by most cane growers as a guidance for their farm planning. Part I presents some basic facts about Taiwan's agriculture. Part II reviews the history of fluctuating income and rice-sugar cane competition in Taiwan. Part III describes the research problem from standpoints of the government , the Taiwan Sugar Corporation, and the cane producers. Part IV points out the objectives and procedures of the study. The aims of the guaranteed sugar price survey are to stabilize the local sugar industry. Part V shows the hypotheses used by the Taiwan Sugar Corporation in the study which was used as the basis for the government's announced guaranteed sugar price. The hypotheses are that as the result of the guaranteed sugar price are: (l) farmers will prefer to plant sugar cane, (2; the Taiwan Sugar Corporation might obtain enough raw cane material to operate the sugar factories, and (3) the government can maintain at least the past, level of foreign exchange earned by sugar export.
    [Show full text]
  • Chinese Working-Class Lives: Getting by in Taiwan by H Ill Gates Praying for Justice: Faith, Order; and Community in an American Town B Y C a R O L J
    Anthropology of Contemporary Issues A SERIES EDITED BY ROGER SANJEK Farm Work and Fieldwork: American Agriculture in Anthropological Perspective E d i t e d b y M i c h a e l C h i b n i k The Varieties of Ethnic Experience: Kinship, Class, and Gender among California Italian-Americans by M icaela di Leonardo Chinese Working-Class Lives: Getting By in Taiwan by H ill Gates Praying for Justice: Faith, Order; and Community in an American Town b y C a r o l J. G r e e n h o u s e American Odyssey: Haitians in New York b y M i c h e l S. L a g u e r r e From Working Daughters to Working Mothers: Immigrant Women in a New England Industrial Community by Louise Lamphere City of Green Benches: Growing Old in a New Downtown by Maria D. Vesperi Renunciation and Reformulation: A Study of Conversion in an American Sect by H arriet W hitehead Womens Work and Chicano Families: Cannery Workers of the Santa Clara Valley by Patricia Zavella Chinese Working- Class Lives GETTING BY IN TAIWAN Hill Gates Cornell University Press Ithaca and London Open access edition funded by the National Endowment for the Humanities/ Andrew W. Mellon Foundation Humanities Open Book Program. Copyright © 1987 by Cornell University All rights reserved. Except for brief quotations in a review, this book, or parts thereof, must not be reproduced in any form without permission in writing from the publisher. For information, address Cornell University Press, Sage House, 512 East State Street, Ithaca, New York 14850, or visit our website at cornellpress.cornell.edu.
    [Show full text]
  • 2014 Food Processing Ingredients Taiwan
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/19/2014 GAIN Report Number: TW14047 Taiwan Food Processing Ingredients 2014 Approved By: Mark Ford Prepared By: Cindy Chang Report Highlights: Even though Taiwan’s food processing and ingredients industries are extremely competitive, there are still great opportunities for U.S. exporters. U.S. exports of high-value food products to Taiwan reached US$1.3 billion in 2014, and this trend is expected to continue for the next several years. Imports of premium food items from other countries has been increasing, but U.S. products continue to be well- accepted by Taiwan consumers due to competitive prices and consumer confidence in the quality and safety of U.S. food products. Taiwan is the United States’ seventh largest agricultural export market due in part to the great success in the food processing and ingredients sector. SECTION I. MARKET SUMMARY Taiwan Food Processing and Ingredients Sector Overview and Trends Opportunities exist to expand U.S. food product sales to Taiwan’s food processing and ingredient sector. Given Taiwan’s current size and population, the country will continue the trend of looking overseas for food processing and ingredients. In 2013, Taiwan’s agricultural industry accounts for less than 2% of GDP and only 5% of employment in Taiwan. Taiwan’s food processing and ingredients industry is comprised of the following major sectors: beverage, coffee/cocoa, condiments/seasonings, dairy products, fats/oils, flour/ bakery products, fruits/vegetables, meat/poultry products, snack foods, and sugar and confectionery.
    [Show full text]
  • Working with Computers, Constructing a Developing Country: Introducing, Using, Building, and Tinkering with Computers in Cold War Taiwan, 1959-1984
    WORKING WITH COMPUTERS, CONSTRUCTING A DEVELOPING COUNTRY: INTRODUCING, USING, BUILDING, AND TINKERING WITH COMPUTERS IN COLD WAR TAIWAN, 1959-1984 A Dissertation Presented to the Faculty of the Graduate School of Cornell University In Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy by Hong-Hong Tinn January 2012 © 2012 Hong-Hong Tinn WORKING WITH COMPUTERS, CONSTRUCTING A DEVELOPING COUNTRY: INTRODUCING, USING, BUILDING, AND TINKERING WITH COMPUTERS IN COLD WAR TAIWAN, 1959-1984 Hong-Hong Tinn, Ph. D. Cornell University 2012 This dissertation uses a developing country’s appropriation of mainframe computers, minicomputers, and microcomputers as a lens for understanding the historical relationships between the digital electronic computing technology, the development discourse underlying the Cold War, and the international exchanges of scientific and technological expertise in the context of the Cold War. It asks why and how, during the Cold War, Taiwanese scientists, engineers, technocrats, and ordinary users—all in a so-called developing country—introduced digital electronic computing to Taiwan and later built computers there. To answer the why question, I argue that these social groups’ perceptions of Taiwan’s developmental status shaped their perceptions of the importance of possessing, using, and manufacturing computers. As for the how question, I propose that Taiwanese computer users modeled their practices after the existing successful practices of using mainframe computers and later started to build and tinker with minicomputers and microcomputers. The beginning chapter of this dissertation discusses that a group of Taiwanese engineers, technocrats, and scientists advocated the introduction of ‘electronics science’ and digital electronic computing from the United States to Taiwan for expanding the industrial sector of Taiwan’s economy in the late 1950s.
    [Show full text]
  • Industrial Heritage Production in Taiwan
    INDUSTRIAL HERITAGE PRODUCTION IN TAIWAN: A CREATIVE ECONOMY APPROACH By Chao-Shiang Li A thesis submitted to the University of Birmingham for the degree of DOCTOR OF PHILOSOPHY Ironbridge International Institute for Cultural Heritage School of History and Cultures College of Arts and Law The University of Birmingham Edgbaston Birmingham B15 2TT 1 November 2017 University of Birmingham Research Archive e-theses repository This unpublished thesis/dissertation is copyright of the author and/or third parties. The intellectual property rights of the author or third parties in respect of this work are as defined by The Copyright Designs and Patents Act 1988 or as modified by any successor legislation. Any use made of information contained in this thesis/dissertation must be in accordance with that legislation and must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the permission of the copyright holder. Abstract This thesis deals with Taiwan as a post-colonial nation, with an identity that remains somewhat ambiguous, from both internal and external perspectives. Specifically, in this thesis, the complexities of its Taiwan’s multicultural legacies are explored through the presentation in industrial heritage sites. Industrial heritage in Taiwan is mainly the product of the Japanese colonial period between 1895 and 1945, which spans the first half of the twentieth century. This fifty-year colonial industrialisation is arguably Taiwan’s most influential industrial heritage because it began a rapid process of modernisation that is continuing today. The key to this process is the industrialisation that led to the development of main parts of the island, catalysed new communities and social patterns and structured daily life.
    [Show full text]
  • Land Reform in Free China
    CHINESE-AMERICAN JOINT COMMISSION ON RURAL RECONSTRUCTION LAND REFORM IN FREE CHINA By Chief of Land Reform Division joint Commission on Rural Reconstruction TAIPEI, TAIWAN, CHINA OCTOBE 954Room SOCTOBER 954, Copyright, 1954, by the Chinese-American Joint Commission on Rural Reconstruction, Taipei, Taiwan, China. No part of this book may be reproduced without the written permission of the Joint Commission. For sale by the Joint Commission on Rural Reconstruction, 25, Nanhai Road, Taipei, Taiwan, China. Price: NT$ 30.00 US$ 2.00 PRINTED BY CHINA ENGRAVING & PRINTING WORKS TAIPEI, TAIWAN, CHINA TAIWAN (FORMOSA), YANGMINGSHAN NINA ADMINISTR~O K-IEELUNdGCITY 25* TAOyUANHSIEN -,TAIPEI CITY TAIPEI HSIEN * HICUHSIFN 0 / 1YILAN HSIEN IMIAMIHSIEN '* 'Jk AIEN MEN21 24* CHANGHUA . 140~YUU HSIEN N)O SE 00 N TAINAN HSIN "E IEI ID' TANA TAIUN ITIA CIT 23 __ .E . ICALE FOREWORD; The thoughtful student cannot fail to be impressed by the cyclical changes from peace to anarchy and again from anarchy to peace, which mark periods of Chinese history, as if it were a set pattern. What, he is forced to ask, is the reason for such a peculiar phenomenon? Man has to live upon focd which comes mostly from land. But as land is strictly limited and population tends to keep on increasing, a struggle for existence naturally ensues. Maladjustments in social institutions and unfair distributions of wealth have led to c;ies fur redress-to conflicting claims, struggles, and chaos. That land reform is an efficacious means to forestall social discontent was fore­ seen by many of our foremost thinkers and statesmen.
    [Show full text]
  • ECO^'MIC DEVELOPMENT of TAIWAN a Thesis Presented to The
    ECO^'MIC DEVELOPMENT OF TAIWAN A Thesis Presented to the Faculty of the College of Arts and Science The University of Houston In Partial fulfillment of the Requlraaents for the Degree Master of Arts in Economics by Thomas Tuug-shan Tsao June 1966 347747 Ecoromc develcmot of Taiwan An Abstract of a Thesis Presented to the Faculty of the College of Arts and Science The University of Houston ■ In Partial Fulfillment of the Requirements for the Degree Master of Arts in Economics by Thomas Tung-shan Tsao June 1966 ABSTRACT Taiwan, also known aa Formosa, was restored to Chinese sovereignty in 1945 when Japan surrendered unconditionally in the second Sino-Japanese War. It soon became one of the thirty-five provinces of the Republic of China. In 1949, the Central Government of China moved to Tai­ wan when the Chinese Cotnmmists took over the mainland. Being damaged by the devastating bombing, Taiwan’s Industry and agriculture were paralysed. Taiwan was deemed one of the major underdeveloped areas In the world. However, fifteen years later, Taiwan’s economy has developed to the extent that it not only enjoys the second highest standard of living asxmg the nations in the Southeast Asia Inst has also entered the stage of ’ take-off11 to becoming a fully developed nation. An attempt is made to analyze the economic developmnt of Taiwan during the past fifteen years and to examine the development process utilized. The dual policy adopted by the Chinese Government for development progress called for coordi­ nated growth in agriculture and industry. This policy has been proven successful in developing the economy of this primarily agricultural cointry.
    [Show full text]
  • Taiwan, March 2005
    Library of Congress – Federal Research Division Country Profile: Taiwan, March 2005 COUNTRY PROFILE: TAIWAN March 2005 COUNTRY Formal Name: Taiwan (台灣); formally, Republic of China (Chung-hua Min-kuo—中華民國). Short Form: Taiwan (台灣). Term for Citizen(s): Chinese (Hua-jen—華人); Taiwanese (T’ai-wan-jen—台灣 人). Capital: The capital of central administration of Taiwan is Click to Enlarge Image Taipei (T’ai-pei—台北—literally, Taiwan North), located in T’ai-pei County in the north. Since 1967, Taipei has been administratively separate from Taiwan Province. Major Cities: The largest city is Taipei, with 2.6 million inhabitants in 2004. Other large cities are Kao-hsiung, with 1.5 million, and T’ai-chung, with 1 million. Fifteen other cities have populations ranging from 216,000 to 749,000 inhabitants. National Public Holidays: Founding Day (January 1, marking the founding of the Republic of China in 1912); Lunar New Year (also called Spring Festival, based on the lunar calendar, occurs between January 21 and February 19 and is preceded by eight days of preparatory festivities); Peace Memorial Day (February 28, commemorating the February 28, 1947, incident); Tomb Sweeping Day (Ching Ming, April 4); Dragon Boat Festival (fifth day of the fifth lunar month, movable date in June); Mid-Autumn Festival (15th day of the eighth lunar month, movable date in September); and Double Tenth National Day (October 10, also called Republic Day, commemorates the anniversary of the Chinese revolution in 1911 and the date from which years are sometimes counted). Also
    [Show full text]
  • Taiwan, March 2005
    Library of Congress – Federal Research Division Country Profile: Taiwan, March 2005 COUNTRY PROFILE: TAIWAN March 2005 COUNTRY Formal Name: Taiwan (台灣); formally, Republic of China (Chung-hua Min-kuo—中華民國). Short Form: Taiwan (台灣). Term for Citizen(s): Chinese (Hua-jen—華人); Taiwanese (T’ai-wan-jen—台灣 人). Capital: The capital of central administration of Taiwan is Click to Enlarge Image Taipei (T’ai-pei—台北—literally, Taiwan North), located in T’ai-pei County in the north. Since 1967, Taipei has been administratively separate from Taiwan Province. Major Cities: The largest city is Taipei, with 2.6 million inhabitants in 2004. Other large cities are Kao-hsiung, with 1.5 million, and T’ai-chung, with 1 million. Fifteen other cities have populations ranging from 216,000 to 749,000 inhabitants. National Public Holidays: Founding Day (January 1, marking the founding of the Republic of China in 1912); Lunar New Year (also called Spring Festival, based on the lunar calendar, occurs between January 21 and February 19 and is preceded by eight days of preparatory festivities); Peace Memorial Day (February 28, commemorating the February 28, 1947, incident); Tomb Sweeping Day (Ching Ming, April 4); Dragon Boat Festival (fifth day of the fifth lunar month, movable date in June); Mid-Autumn Festival (15th day of the eighth lunar month, movable date in September); and Double Tenth National Day (October 10, also called Republic Day, commemorates the anniversary of the Chinese revolution in 1911 and the date from which years are sometimes counted). Also
    [Show full text]
  • Welcome Message
    Welcome Message On behalf of the Board and staff at Fulbright Taiwan, we extend our warmest welcome. Following Senator Fulbright’s vision, the simple hope of the program is: • A world with a little more knowledge and a little less conflict. The mission of Fulbright Taiwan is to: • Build knowledge • Exchange cultures • Establish long-term relationships • Change lives • Symbolize Taiwanese-American friendship When you decided to go through the highly competitive process to win a Fulbright scholarship, we trust you had Senator Fulbright’s vision in mind. Receiving a Fulbright invokes a privilege not a right. Think about this mission and the hundreds of ways you can embrace it. You will find Taiwan and Taiwanese eager to help. In terms of building knowledge, you have a particular task or project to complete here. You undertake that in a joint partnership between you, your host, and Fulbright Taiwan. We hope to help make all three legs of that triangle as strong as possible, to maximize your experience, enhance Senator Fulbright’s vision, and contribute to the cultivation of knowledge. Central to the cross-cultural mission, we hope that your goodwill and efforts bring understanding of America and Americans to Taiwan and that you take home a healthy dose of this wonderful culture. At its best, this interaction promotes mutual understanding. Look at your fellow grantees in this pamphlet and get to know them. I hope you will be impressed and interested in reaching out to some. Equally, I hope you will reach out to the colleagues you meet here in Taiwan.
    [Show full text]