Formosa Electronic Industries Inc. (Taiwan, China)

1. Established on Oct. 1, 1983, Formosa Electronic Industries Inc. was mainly engaged in manufacture and sale of battery and power. The main production base is in Taiwan and Kunshan, China. It initially issued its stock in Sep. 2010, landed on GreTai on Oct. 8, 2010. 2. Business class and background: A. Main controllers are Wu Zu Yu, Wu Zu Quan and their family, holding over 50% of the stock. Wu Zu Yu served as chairman, Wu Zu Quan and Wu Zu Zhang serving as directors, Wu Zu Quan concurrently serving as General Manager, Wu Zu Yu and Wu Zu Zhang concurrently serving as the Deputy General Managers. B. here are other directors such as Yan Wu Bin, Feng Xue Hua and Liao Nian Sheng. Supervisors are Zhang You Cheng and Cai Kun Jin. C. There are other shareholders such as Chen Guan Fu, Zhang Xue Fang , etc. 3. Operating Overview: A. major revenue comes from battery set. The major products are transformers, power supply, lithium batteries, etc. B. In 1998 revenue from two clients accounted for over 50% respectively Pudong Yinghuada and Hongda. C. Raw materials are the battery cell and the substrate. The main suppliers are SONY, SAMSUNG, etc. The main raw battery cells are mostly imported form Japan and Korea.