1. SinoPac Securities 2. Copyright 2013 SinoPac Securities Corp., All rights reserved 1IPO CEPAIPOECFA 20131(F)350IPOT()IPOIPO A800~900AIPOIPOIPO FTIPOF+TIPO 3. Copyright 2013 SinoPac Securities Corp., All rights reserved 21. 2. ()3. 4. 5. Case Study 4. Copyright 2013 SinoPac Securities Corp., All rights reserved 3:/: / / IC/ DRAM/ IC/ // ///////LCD///23,252,39236,193 Km642.46/Km(2.6mn)(1.5mn)US$389.28bn(4)US$21,39738.7%58.15%4.1%: 0.848%:2012/ 06 5. Copyright 2013 SinoPac Securities Corp., All rights reserved 4 NASDAQ () () (350()30TDR) () / 6. 0.00% 20.00% 40.00% 60.00% 80.00%100.00%80.00%60.00%40.00%20.00%Copyright 2013 SinoPac Securities Corp., All rights reserved 52011201020090.00%20128006004002000Others2002 2003 2004 2005 2006 2007 2008 2009 2010 2011%Tech67%Financial10%23%% 7. Copyright 2013 SinoPac Securities Corp., All rights reserved 6(2012)8096389541,5401,340201041201148201219201027201151201231201028201137201225201033920112422012129201099201188201262(2013/6)7,54065522,77011,90026,700(2013/6)19.66x 28.32x 10.17x 23.25x 9.8x%(2012)97.33% 174.8% 106.56% 212.53% 42.33% 8. Copyright 2013 SinoPac Securities Corp., All rights reserved 7:::/IPO()IPO 9. 2010615.65x 20111212.35x 2012815.15x 2013/8/22210.62x 2012~20132813.44x20.0016.0012.008.004.00Copyright 2013 SinoPac Securities Corp., All rights reserved 82013/828(X)(NT$)1337 F-EVA2011.08.17 951338 F-2012.12.19 801589 F-2012.04.27 531590 F-2010.12.13 881626 F-2013.03.21 622637 F-2010.12.01 382723 F-2010.11.22 1682923 F-2012.12.07 203638 F-IML IC2010.05.18 1433665 F-(NB) 2011.04.21 563673 F-TPK 2010.10.29 2203697 F-ASIC2010.12.24 3004141 F-() 2012.04.25 854144 F-2011.10.05 874935 F-2011.07.28 504958 F-PCB 2011.12.26 524984 F-2011.08.31 1105215 F-2011.12.26 395225 F-2012.11.05 605264 F-3C2013.01.25 905871 F-2011.12.13 255906 F-2011.10.24 245907 F-2012.06.06 1208404 F-(3C) 2011.05.18 328411 F-2011.11.01 708427 F-2011.12.06 768429 F-2012.12.20 709802 F-2012.10.18 25612822815.6512.3515.1510.6213.440.0030201002010 2011 2012 2013 2010~2013 10. 30.0020.0010.00Copyright 2013 SinoPac Securities Corp., All rights reserved 92013/819 2010121.05x 20111113.76x 2012528.39x 2013/4/12214.47x 2012~20131919.42x(NT$)1256 F-2012.09.05 501258 F-2011.12.12 351591 F-2012.03.23 282724 F-2012.05.29 73.52924 F-2011.12.02 623664 F-2010.06.24 484139 F-2011.04.29 584154 F-() 2011.12.28 384745 F-2013.01.30 644912 F-2011.04.29 364924 F-2011.10.18 284927 F-2011.10.18 284947 F-IC2011.10.18 984966 F-2011.09.13 1304971 F-IET (GaAs)(GaSb)(InP)2013.07.24 558406 F-2012.04.27 1988418 F-2011.12.06 468423 F-2012.03.14 408426 F-2011.12.13 50(X)111521921.0513.7628.3914.4719.420.00201510502010 2011 2012 2013 2010~2013 11. 2012IPO 201250IPO1219% (NT$)Copyright 2013 SinoPac Securities Corp., All rights reserved 1020121339 0424 29.50 25.9 4142 0503 38.00 32.7 3428 0509 35.00 33.2 2729 0917 220.00 207 4976 1120 43.00 36.6 8421 1123 22.00 19.4 8433 1219 28.00 25.8 1599 1225 60.00 57.7 4141 F-0425 85.00 73.2 5907 F-0606 120.00 103.5 1338 F-1219 80.00 76.8 8429 F-1220 70.00 68 12. Copyright 2013 SinoPac Securities Corp., All rights reserved 111. 2. ()3. 4. 5. Case Study 13. Copyright 2013 SinoPac Securities Corp., All rights reserved 12()1. 2. 1. 2. (/)1.>4%2.>3%3.>3%-- 14. Copyright 2013 SinoPac Securities Corp., All rights reserved 13()()1. 2. 50%20%50%20%50%20%()()(3)1/5()661,0001030% 15. 66 Copyright 2013 SinoPac Securities Corp., All rights reserved 14()2~31~2()()()()()()()() 16. Copyright 2013 SinoPac Securities Corp., All rights reserved 15() () 17. Copyright 2013 SinoPac Securities Corp., All rights reserved 16 30%(): 20095253030% T 18. Copyright 2013 SinoPac Securities Corp., All rights reserved 17(1): (2): 2(3): 19. Copyright 2013 SinoPac Securities Corp., All rights reserved 18 (TWSE) 5 3 31 20. Copyright 2013 SinoPac Securities Corp., All rights reserved 19()() 21. Copyright 2013 SinoPac Securities Corp., All rights reserved 20 2881 22. Copyright 2013 SinoPac Securities Corp., All rights reserved 21()():(1) (2) 1,000(3) (1) (2) 10()(3) 23. Copyright 2013 SinoPac Securities Corp., All rights reserved 22()() : 1,00050%50020%1,000 10% 10% Green-shoe 10%Green-shoe 24. (10%)Copyright 2013 SinoPac Securities Corp., All rights reserved 23()(), 10%15%(1)61/2(2)1(3)325%3~1020%10~2010% 25. Copyright 2013 SinoPac Securities Corp., All rights reserved 24()()3~63~6 10% ()1%() 50() 370% 3~1065%10~2060% ()315% 1.5%3~1010% 1%10~207.5% 0.75% 26. Copyright 2013 SinoPac Securities Corp., All rights reserved 25()() 2009430 () 27. Copyright 2013 SinoPac Securities Corp., All rights reserved 261. 2. ()3. 4. 5. Case Study 28. Copyright 2013 SinoPac Securities Corp., All rights reserved 27 198810111,90659 2013/1/81,000NT$761 2890 125017829 ()20025 20051226FinanceAsia2005(Best Taiwan Deal 200520102012(2010& 2012 Best Equity House) 2006724 20061113 2013 20%2012/7FinanceAsia Best Equity House() 29. (///)SinoPac Financial ServicesCopyright 2013 SinoPac Securities Corp., All rights reserved 28(2890 TW)()()FENB 30. Copyright 2013 SinoPac Securities Corp., All rights reserved 29 TDR ()20052010 ()() 31. Dec/2009TDRApr/2012IPOMay/2012IPOCopyright 2013 SinoPac Securities Corp., All rights reserved 30IPO()2001~2002 2004~2005 2009~2012Sept/2001IPOIC10660%NT$4,600Feb/2002IPOMay/2002IPODec/2002IPO7-11NT$300NT$80NT$71Mar/2004IPOOct/2004IPOMar/2005IPODec/2005IPOIPONT$125IPONT$112IPO NT$76IPONT$174Dec/2012IPOTDR TDRNT$170/40x330%NT$480NT$120 32. Far East National Bank (US)SinoPac Financial Services (US)Copyright 2013 SinoPac Securities Corp., All rights reserved 31SinoPac Securities(Europe)Bank SinoPacSinoPac SecuritiesBank SinoPac (HK/Macau Branch)SinoPac Securities (Asia)SinoPac Capital (HK)Shanghai Intl Asset Mgt (HK) 33. Copyright 2013 SinoPac Securities Corp., All rights reserved 32 SinoPacSecuritiesSinoPacSITCSinoPacLeasingBankSinoPac:20% 34. Copyright 2013 SinoPac Securities Corp., All rights reserved 33HK$300mm2012.03.19Z-ObeeHK$205mm2010.03.10HK$102mm2008.02.12HK$75mm2010.08.12HK$850mm2007.12.20HK$60mm2005.06.05HK$700mm2007.05.28HK$70mm2005.06.10HK$510mm2006.02.10HK$60mm2005.06.16HK$350mm2005.11.13HK$140mm2005.05.122005 35. Copyright 2013 SinoPac Securities Corp., All rights reserved 34 ()15Sales 36. Copyright 2013 SinoPac Securities Corp., All rights reserved 35AberdeenAsset MgntAcru AssetManagementBNP ParibasAsset MgntBoyerallanInvestmentCredit SuisseCarmignacGestionFidelityInvestmentsFirst StateInvestmentsFullertonFund MgntGLG PartnersLPHSBC Lapp CapitalMarathonMgntMerrill LynchMartin CurrieInvestmentPacificAlliancePictet AssetManagementSchrodersInvestmentSoros FundManagementUBS AssetMgntValuePartners 37. ()ROADSHOWCopyright 2013 SinoPac Securities Corp., All rights reserved 36 Pre-Marketing () () 38. Copyright 2013 SinoPac Securities Corp., All rights reserved 372013/04/18 2012/12/05 2012/03/07 2011/12/14 20122011/11/05 2010/03/08 () 39. 2012/01/16 HSBC Global Asset Mgnt2012/01/17 Prudential Investment Mgnt2012/01/17 Taiwan Life Insurance2012/01/17 Fubon Asset Mgnt2012/01/18 Nan Shan Life InsuranceCopyright 2013 SinoPac Securities Corp., All rights reserved 382012/01/16 2012/01/19F-(8406 TT) 2012/02/13 2012/02/162012/02/13 ING2012/02/13 Cathay Life Insurance2012/02/13 Uni-President Asset Mgnt2012/02/14 Capital Asset Mgnt2012/02/15 JP Morgan Asset Mgnt2012/02/16Prudential Asset Mgnt (nowchanged to EastspringInvestments2012/02/16 JihSun Asset Mgnt2012/02/22 2012/02/242012/02/22RCA, PAG, Baring, FIL InvestmentMgnt, Veritas Asset Mgnt2012/02/23Soros Asset Mgnt, Ruffer Asia, LloydGeorge, Value Partner, First State2012/02/24 Singapore 1 on 1 meeting2012/03/07 2012/03/08 & 03/092012/03/05 2012/03/062012/03/05Nomura, Union Investment,Rothchild, Deka2012/02/23Exane Sam, OFI, La BanquePostale Asset Mgnt, La Cagouille,Amundi asset management2012/03/07Somerset Capital, Stone DrumPartners, Veritas Asset, PrusikInvestment2012/03/08North of South, Pictect, RexiterAsset/Royal London, HermesInvestment, Mandarin InvestmentPartners, JPM Asset Mgnt2012/03/09Standard Life Investments, MartinCurrie, Kames Capital 40. Copyright 2013 SinoPac Securities Corp., All rights reserved 39 /PCL Technologies (4977 TT) 2013/10(2115 TT) 2013/7(1340 TT) 2013/6Bage Holding (2930 TT) 2013China Dadi Chemical (4759 TT) 2013Jourdness Croup (4190 TT) 2013Dadi (8437 TT) 2013(1592 TT) 2013X-POLE (2931 TT) 2014(5281 TT) 2014ABCD 41. IPO200SPO3002007~2012IPO39Copyright 2013 SinoPac Securities Corp., All rights reserved 4012%IPO12%11% 10%10%8% 8% 8%6%6%4%16%12%8%4%0% 42. Copyright 2013 SinoPac Securities Corp., All rights reserved 41 The Best Equity House in Taiwan July 2010, and 2012FinanceAsia 43. IPOCopyright 2013 SinoPac Securities Corp., All rights reserved 42F-Chemical2013F-2013F-2013 20132013+CB2013F-2013+CB2013IC 20132013201320132013F-2013F-/2013F-/CB2013IPOSPOCB & 44. 2013Copyright 2013 SinoPac Securities Corp., All rights reserved 43+CB2013LEDCB20132013 2013()LED2013CB2013/CB2013SCI+CB201320132013ICCB20132013/2013CB2013GDR2013SPOCB & 45. 20122012Copyright 2013 SinoPac Securities Corp., All rights reserved 44 20122012F-CB2012F-2012CB2012F- 20122012201220122012SPOCB & CB20122012CB2012LEDCB2012CB20122012IPO 46. Copyright 2013 SinoPac Securities Corp., All rights reserved 45 2011IPO2011Flash2011TDR201120112011SPOCB & TDR2011F-2011TDR2011CB2011CB2011201120112011CB2011 47. Copyright 2013 SinoPac Securities Corp., All rights reserved 461. 2. ()3. 4. 5. Case Study 48. ()Copyright 2013 SinoPac Securities Corp., All rights reserved 47 IPO TP Agent Agent Broker () Promotion Fee () Prospectus IPO 49. (1) (2) Copyright 2013 SinoPac Securities Corp., All rights reserved 48 50. Copyright 2013 SinoPac Securities Corp., All rights reserved 491. 2. ()3. 4. 5. Case Study 51. (910322 TT)(911609 TT)TDR / 2007TDR ~NT$268 2010TDRNT45.12Copyright 2013 SinoPac Securities Corp., All rights reserved 50 / 45% ~NT$9 ( ~5 US$0.005) 2009TDRNT140 PER 30x PBR 6.5x HK$1,090 52. Copyright 2013 SinoPac Securities Corp., All rights reserved 51F-(8406 TT) F-(8406 TT) 19812010/201132%35%Johnson & Johnson, CooperVision, Bausch & LombCIBA Vision NT$8(1.7) NT$198(42) 2012/4/27160%137% /~20x~40xNT$477(~101)F-GTSMF- 53. Copyright 2013 SinoPac Securities Corp., All rights reserved 52(3658 TT) (3658) 2012/5/21NT$208(44.25)NT$796(170) 15IPO 2012NT$41.74(8.88)NT$15.17(3.22)EPSNT$23.34(4.96)GTSM250%150% 54. Copyright 2013 SinoPac Securities Corp., All rights reserved 53(2727 TT) (2727) 199111 NT$6.8(1.44) NT$300(63) 2012/2/2424457.5xNT$1,000(212) /~23.6x~27xNT$286(~60)TWSEF- 9.94%40% F- 55. Copyright 2013 SinoPac Securities Corp., All rights reserved 54Thank YouContact:Jeff Wen TEL: +886-2-2382-3228TW Mobile: +886-918-355-406China Mobile: +86-139-1048-3241Email: jeff.wen@sinopac.comAndy Lee TEL: +886-2-2382-3277TW Mobile: +886-955-527-646China Mobile: +86-139-1037-9781Email: andylee@sinopac.com