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/ 03-5722691 Jessie.Jan@penpower.com.tw / 03-5722691 shin.kuo@penpower.com.tw 47 7 03-5722691 02-2504-8125 96 B1 www.taishinbank.com.tw 156 12 02-25459988 www.deloitte.com.tw www.penpower.com.tw

...1...4...4...4...6...6...7... 11... 14... 29... 29... 29... 30... 31... 31...32... 32... 36... 36... 36 ()... 36... 36... 36...37... 37... 42... 48... 48... 49... 50...51... 51... 57... 64... 65... 65... 65...179... 179... 179... 180... 180... 180... 180... 182

...183... 183... 185... 185... 185...186

300,677 203,011 29,137 29,383 0.92 102 () 103 () () % 329,418 300,677 (28,741) (8.72)% 214,875 203,011 (11,864) (5.52)% 26,679 29,137 2,458 9.21% 25,347 29,383 4,036 15.92% 0.79 0.92 0.13 16.46% 102 () 103 () 43,443 44,305 (33,427) (57,597) 3.94% 4.68% 4.66% 5.47% 7.69% 9.77% PC (Handwriting Recognizer)-(on-line) non-template / AI... (PenPower epaper Handwriter)Max (PenPower Max Jr.) 1

X (WorldPenScan X)(Worldcard Mobile Phone Kit) (ViaTalk BT)FoneSign Worldictionary (WorldCard Enterprise) 103 33 3 23 7 33 % 9.10% 69.70% 21.20% 100% 103 63,129 21.00% 104 (1) (2) 2

3

80 9 24 80 9 500 81 Byte 82 83 83 PC World Taiwan 84 PC World Taiwan 85 1. 2.(OCR) 86 PC World HK 87 1. 2. PC World HK (Best Buy) 3. 2 88 1. 2. PC World HK 3. 89 1. 2.USER S BEST CHOICE - 90 1 ISO9001 2. 3. 91 1. 2. 3. 92 12 Eurotrade Mag. Best of Taiwan s Best Awards 93 1. Alestron, Inc. 2.FaceMetrix LogonFaceMetrix Access Control FaceMetrix TrackIN 3.(MCU) 94 1. PC Shopper FaceMetrix SecuTech Award 2005 2. 95 WorldCard duet 2006 TrackIN SecuTech Award 2006 WorldCard 4

Office 21st FRONTIER Awards 96 1. Videx SecuTech Award 2007 (WorldCard Ultra) 2008 if, Red Dot, G-Mark 2. 97 1.(WorldCard Ultra) 2008 Best Choice Red Dot 2. 98 1.(WorldCard Ultra) 2009 [], 2. 3. iphone 4. APP ios 99 1. 2. EZ GoUSB 3. APPAndroid 5.(Presenter pen) 2010 5.WorldCard Mobile MacWorld iphone () 2010 CTIA E-Tech CTIA 6.WorldCard Mobile & WorldCard Contacts 2010 7. plus & Mac plus 2010 G-mark 8.EZ Go 2010 100 1.Worldictionary 2011 2. 2011 G-mark 3. plus 2011 reddot (best of the best) 4.EZ Go 19 (2011 ) 5. plus 2011 if 6. 2011 Computex d&i 101 1. 2012 Computex d&i 2.Q Pen 2012 reddot 3.Worldictionary 20 (2012 ) 4. - 30% 102 1.WorldCard Link 2013 if 2. 2013 Best Choice Award 3. - 4. 20 103 1. Top Ten Reviwers 2014 2. 3. X ios 5

ShareholdersGeneral Meeting Audit Board of Directors Office of President / Audit/Compensation Commmitee Kernel Tech. Dept. Mobile Software Development Dept. Next Dept. Digital Dept. Innovation Engineering Dept. Product Testing Dept. Global support & services Dept. Intl. Sales & Marking Dept. Solution Integration Dept. Channel Sales Dept. Logistics Dept. Finance & Administration Dept. 6

( 101/7/12 3 89/7/12 4,010,172 12.52 4,010,172 12.52 0 0.00 0 0.00 101/7/12 3 89/7/12 4,010,172 12.52 4,010,172 12.52 0 0.00 0 0.00 EMBA 104 4 4 () () 101/7/12 3 89/7/12 4,010,172 12.52 4,010,172 12.52 0 0.00 0 0.00 () 101/7/12 3 90/6/1 971,546 3.03 971,546 3.03 0 0.00 0 0.00 101/7/12 3 101/7/12 2,266,626 7.08 2,266,626 7.08 0 0.00 0 0.00 101/7/12 3 101/7/12 2,266,626 7.08 2,266,626 7.08 0 0.00 0 0.00 7

101/7/12 3 92/7/12 2,247 0.01 2,247 0.01 0 0.00 0 0.00 EMBA 101/7/12 3 96/5/30 0 0.00 0 0.00 0 0.00 0 0.00 101/7/12 3 89/11/10 16,515 0.05 16,515 0.05 0 0.00 0 0.00 Thunderbird EMBA 8

104 4 4 99.99% 57.14% 42.86% 100.00% 104 4 4 1 2 3 4 5 6 7 8 9 10 v v v 0 v v v 0 v v v v 0 v v v v v v v v 0 v v v v v v v v v v v 1 v v v v v v v v v v v 0 v v v v v v v v v v v 2 v v v v v v v v v v v 2 v v v v v v v v v v v v 0 1 2( ) 3 4 5 6 7 8 9 30 (10) 27 9

() 104 4 4 89.7.12 584,604 1.83 405,847 1.27 0 0.00 89.7.12 405,847 1.27 584,604 1.83 0 0.00 82.2.2 103,552 0.32 0 0.00 0 0.00 103.2.1 46,503 0.15 1,000 0.00 0 0.00 82.2.2 160,131 0.50 195,421 0.61 0 0.00 86.6.16 108,222 0.34 0 0.00 0 0.00 103.1.1 0 0.00 0 0.00 0 0.00 EMBA 89.9.13 9,203 0.03 0 0.00 0 0.00 () 95.7.1 20,203 0.06 0 0.00 0 0.00 EMBA 96.1.1 27,792 0.09 80 0.00 0 0.00 96.11.1 12,542 0.04 0 0.00 0 0.00 102.4.2 1,000 0.00 0 0.00 0 0.00 103.1.1 10,000 0.03 0 0.00 0 0.00 103.12.29 8,139 0.03 766 0.00 0 0.00 10

(1)() : : : 11

(A+B+C+D) (A+B+C+D+E+F+G) I J 2,000,000 2,000,000 5,000,000 () 9 9 9 9 (2) (A) (B) (C) (D) AB C D 3,450 6,063 178 178 0 0 175 0 175 0 12.94 21.84 0 0 0 0 0 2,000,000 2,000,000 5,000,000-3 3 104 4 10 0 791 791 2.69% 12

() 102 103 () (%) () (%) 4,580 5,860 18.07 23.12 3,655 5,616 12.44 19.11 - - - - - - - - 2,570 6,968 10.14 27.49 3,803 6,416 12.94 21.84 7,150 12,828 28.21 50.61 7,458 12,032 25.38 40.95 1. 2. 3. 13

() 4 (A) () ()(%)/ 4 0 100.00 3 1 75.00 3 0 75.00 () 4 0 100.00 : () 3 1 75.00 : () 3 0 75.00 : () 3 0 75.00 ; () 3 0 75.00 ; () 3 0 75.00 ; 3 0 75.00 2 0 50.00 4 0 100.00 14 3 (1) 103.8.11-101 14 3 39

() 4 (A) (%) / 4 0 100.00 2 0 50.00 3 0 75.00 15 4 39

() (1) 16 5 39

(1) V () () () () () 103.11.20 3 103.08.25 3 103.05.14 3 17 6 39

(1) 6.(3) 7. 8. (2) 1 2 3 18 7 39

() (1) 2 1 3 3 2 1 1 2 1 2 3 4 5 6 7 8 30 3 6 5 8 39 19

() (2) 101 7 12 104 7 11 2 (A) (%) (/) () () 2 0 100.00 2 0 100.00 0 0 0.00 ( ) 9 ; 39 20

() () 10 ; 39 21

() () () () () () () () 11 ; 39 22

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() [-] [-] 13 ; 39 24

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() 1. 2. 3. 4. () 101 () 1. 2. 15 ; 39 26

104 3 10 103 ( 1.2.3. 4.5. 1031231 1043108 16 ; 39 27

() () 1.. 103.02.24 1. 103 2. 102 3. 4. 5. 103 6. 103.05.05 1. 103 103.08.11 1. 103 103.11.03 1. 103 2.104 3.() 104.03.10 1. 104 2. 103 3. 4. 104 5. 6. () () 17 ; 39 28

103.01.01~103.12.31 : 1 2,000 2 2,000 4,000 V V 3 4,000 6,000 18 ; 39 29

( ) (45,000) 0 0 0 0 0 0 0 0 0 0 0 () 0 0 0 0 0 0 0 0 () 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (5,000) 0 0 0 0 0 0 0 0 0 (:1040211) 0 0 0 0 0 0 () () 19 ; 39 30

() 4,010,172 12.52 0 0 0 0 () 2,266,626 7.08 0 0 0 0 1,633,050 5.10 0 0 0 0 1,422,997 4.44 0 0 0 0 () 971,546 3.03 0 0 0 0 () 837,666 2.62 0 0 0 0 () 591,000 1.85 0 0 0 0 584,604 1.83 405,847 1.27 0 0 506,776 1.58 0 0 0 0 496,636 1.55 0 0 0 0 () 3,943,334 100% 0 0 3,943,334 100% () 250,000 100% 0 0 250,000 100% 0 0% 0 100%() 0 100% 0 100% 0 0 0 100% Penpower, Inc. 650,000 100% 0 0 650,000 100% 214,500 30% 0 0 214,500 30% 0 0% 0 100%() 0 100% () 100% 20 ; 39 31

() 80.09 10 500,000 5,000,000 500,000 5,000,000 5,000 87.06 10 2,000,000 20,000,000 2,000,000 20,000,000 15,000 89.01 10 8,000,000 80,000,000 8,000,000 80,000,000 60,000 89.08 10 30,000,000 300,000,000 16,000,000 160,000,000 80,000 89.11 28 30,000,000 300,000,000 17,000,000 170,000,000 10,000 1 90.08 56 30,000,000 300,000,000 17,870,000 178,700,000 8,700 2 90.10 10 30,000,000 300,000,000 20,247,000 202,470,000 23,770 3 91.08 10 30,000,000 300,000,000 23,071,700 230,717,000 28,247 4 92.08 10 35,000,000 350,000,000 24,253,368 242,533,680 11,817 5 41,835 93.07 10 45,000,000 450,000,000 30,134,629 301,346,290 16,977 6 5,421 94.07 10 45,000,000 450,000,000 30,918,124 309,181,240 2,414 7 5,669 95.08 10 45,000,000 450,000,000 31,599,047 315,990,470 1,140 8 17,619 95.11 10 45,000,000 450,000,000 33,360,950 333,609,500 17,196 96.01 10 45,000,000 450,000,000 35,080,525 350,805,250 21,958 96.04 10 45,000,000 450,000,000 37,276,290 372,762,900 10,888 96.08 10 45,000,000 450,000,000 38,661,408 386,614,080 2,963 9 96.11 10 45,000,000 450,000,000 30,929,126 309,291,260 77,323 10 13,645 97.06 10 45,000,000 450,000,000 31,821,571 318,215,710 4,680 11 98.03 10 45,000,000 450,000,000 31,455,571 314,555,710 3,660 12 98.08 10 45,000,000 450,000,000 32,024,727 320,247,270 13 190 1 15 ( )() 290 5 16 ( )() 390 7 13 ( )() 491 7 16 () 592 7 17 693 6 4 794 7 28 895 6 28 996 8 1 1096 11 19 1197 6 20 1298 3 31 1398 8 25 21 ; 39 32

() 32,024,727 12,975,273 45,000,000 () 22 ; 39 104 4 4 0 1 20 4,124 8 4,153 0 2,000 9,723,591 18,512,501 3,786,635 32,024,727 0.00% 0.01% 30.36% 57.81% 11.82% 100.00% ()() 104 4 4 1 999 832 146,252 0.46% 1,000 5,000 2,755 5,528,502 17.26% 5,001 10,000 330 2,737,053 8.55% 10,001 15,000 77 1,000,586 3.12% 15,001 20,000 51 948,084 2.96% 20,001 30,000 47 1,235,647 3.86% 30,001 40,000 11 388,919 1.21% 40,000 50,000 4 180,685 0.56% 50,001 100,000 10 644,392 2.01% 100,001 200,000 15 2,148,809 6.71% 200,001 400,000 6 1,539,000 4.81% 400,001 600,000 9 4,384,741 13.69% 600,001 800,000 0 0 0.00% 800,001 1,000,000 2 1,809,212 5.65% 1,000,001 4 9,332,845 29.15% 4,153 32,024,727 100.00% (). (). 104 4 10 102 103 ( 8) 33.10 40.75 45.25 20.00 22.60 26.50 ( 1) 28.14 33.37 39.03 16.72 16.84-16.27 ( 2) 32,024 32,024 32,024 0.79 0.79 - ( 3) 0.79 0.45-0.55 ( 4) - - - ( 5) 35.62 - ( 6) 62.53 - ( 7) 1.56% - 1 2 33

3 4 5 6 7 8 () 1. () () 20%-100% 0-80% 2. () 210,951 98,143 309,094 29,382,734 10% (2,969,183) 534,970, 27,257,615 - (26,900,771) 0.84 356,844 23 ; 39 34

() 104 () 320,247,270 () () 0.84 ( () 0 ) 0 () () 1. ()() 2. 3. (1) 2,720,000 680,000 (2) (3) 4. (102 ) 24 ; 39 1. 2. 2,000,000 400,000 2,000,000 400,000 0 0 35

() 25 ; 39 36

(1) (2) (3) 1991 a.( (WorldCard))b. ( GPS )c. App ( WorldCard MobileSnap2PDFWorldictionaryWorldocScan )d. ( WorldPenScan X - X ViaTalk BT - WorldCard Mobile Phone Kit - MyInk - )e. (4) A. 20 SmartphoneGPSNotebookTablet Windows Mac iphone/ipad AndroidWindow Phone Yahoo! APP B. (Optical Human Interface) OCR(Optical Character Recognition) BCR (Business Card Character Recognition) 24 email OutlookOutlook ExpressAccessExcelvCard 25 37

reddot best of the best if G-mark Searchable PDF G-mark 2011 (Computex) d&i 2011 BCR OCR WorldCard Mobile Worldictionary Snap2PDF APP iphone APP Business CTIA WorldCard Mobile Phone Kit WorldPenScan X X WorldCard Mobile Phone Kit WorldPenScan X - X ViaTalk BT - FoneSign - C. (SaaS; Software as a Service) 26 38

Worldictionary WorldCard Enterprise (1) (2) A. EZ Go MyInk 27 39

iphoneipadandroid PhoneAndroid TabletWindows Phone 7 SmartphoneGPS NotebookTablet Notebook e B. plususb reddot best of the best if G-mark G-mark 2011 (Computex) d&i 2011 WorldCard Mobile - Worldictionary Snap2PDF WorldCardMobile Phone Kit WorldPenScan X X APP SmartphoneGPS NotebookTablet e C. D. (Kiosk) 28 40

103 63,129 21.00% WorldCard Mobile Phone Kit WorldPenScan X XViaTalk BT FoneSign vs. vs. vs. 1 User-Friendly A. vs. 3C B. vs. Windows Mac APP iphoneipadandroid PhoneAndroid TabletWindows Phone WorldCard Mobile Phone Kit - WorldPenScan X - XMyInk - ViaTalk BT - C. vs. WorldCard Enterprise 2 A. 29 41

B. C. APP APP FreeWriter HDWorldCard Mobile WorldCard HDWorldictionarySnap2PDF APP APP HTCSamsung (1) 102 103 % % 73,528 34.00% 83,028 35.45% 142,744 66.00% 151,163 64.55% (2) (3) A. iphoneipadandroid PhoneAndroid Tablet Windows Phone 7 B. App StoreGoogle PlayWindows Phone Store In App Purchase C. (Kiosk) 30 42

D. (4) A. 1991 20 1994 1998 17 B. Windows OS Mac OS APP iphoneipadandroid PhoneAndroid TabletWindows Phone Windows 8 C. D. 31 43

(5) A. iphoneipadandroid PhoneAndroid Tablet Windows Phone 7 APP StoreGoogle PlayWindows Phone Store In App Purchase GPS B. 32 44

( ASIC) PC PC 33 45

(1) () APP (2) A. B. IC 34 46

(1) 102 103 103 ( )( 1) (%) ( )( 1) (%) () (%) 59,200 27.37 69,369 29.62 15,616 33.13 Penpower, Inc. 31,954 14.78 A 35,984 15.37 Penpower, Inc 6,041 12.82 A 29,161 13.48 Penpower, Inc. 35,302 15.07 B 5,236 11.11 27,008 12.49 A 4,928 10.46 68,947 31.88 93,536 39.94 15,307 32.48 216,270 100.00 234,191 100.00 47,128 100.00 1 103 B Q1 (2) 102 103 103 ( ( () )( 1) )( 1) % % (%) A 21,822 25.15 A 26,875 32.82 A 5,403 38.47 B 15,901 18.32 B 15,533 18.97 D 2,159 15.38 C 15,412 17.76 B 2,009 14.30 33,647 38.77 39,481 48.21 4,473 31.85 86,782 100.00 81,889 100.00 14,044 100.00 1 103 C 35 47

102 103 () () - 125.45 33,683-130.77 32,152-41.04 44,404-43.56 46,236 - - 4,519 - - 5,206 - - 82,606 - - 83,594 102 103 23.02 23,620 101.80 52,806 20.06 21,883 104.12 58,317 6.14 13,717 36.66 70,814 5.38 15,923 38.97 71,630-35,384-16,106-42,688-13,027-806 - 3,017-2,534-8,189-73,527-142,743-83,028-151,163 102 103 104 4 10 6 9 9 62 53 51 20 26 26 88 88 86 35.52 35.68 35.75 7.14 6.43 6.7 4.55% 3.41% 3.49% 40.91% 37.50% 37.21% 48.86% 52.27% 52.33% 3.41% 4.55% 4.65% 2.27% 2.27% 2.32% (RoHS) 36 48

(1)a. b.c.d 16:00-16:20 e. :() 1. 6 3,168 0 2. 2 24 12,000 3 2 36 63,619 10 3,228 75,619 (2) (3) 37 49

( 1) A B C D 101/04/01~104/03/31 () 102/04/16~104/04/16 () 102/10/07~105/10/07 () 103/04/01~106/12/31 () E 103/08/20~107/09/30 F 104/02/02~106/02/01 G 103/070/1~104/06/30 H 104/01/01~104/12/31 J 103/10/01~106/12/31 J 103/11/01~106/12/31 IC ( 1) 38 50

- () 1 104 3 31 ( 3) 101 102 103 435,268 414,590 409,374 397,307 2 191,071 188,036 184,367 182,863 7,679 6,739 6,079 5,653 2 21,125 22,930 22,851 22,534 655,143 632,295 622,671 608,357 72,531 69,338 57,384 41,153 120,568 101,363 30,855 27,603 26,048 26,013 103,386 96,941 83,432 67,166 151,423 128,966 551,757 535,354 539,239 541,191 320,247 320,247 320,247 320,247 124,045 120,202 102,588 102,588 111,541 95,440 110,510 113,942 67,347 81,029 (4,076) (535) 5,894 4,414 0 0 0 0 0 0 0 0 551,757 535,354 539,239 608,357 503,720 503,329 51

- () 104 3 31 ( 2) 423,447 329,418 300,677 67,291 277,719 214,875 203,011 46,789 67,533 26,679 29,137 3,654 2,834 5,576 6,719 673 70,367 32,255 35,856 4,327 54,872 25,347 29,383 3,432 0 0 0 0 54,872 25,347 29,383 3,432 (6,436) 6,287 6,527 (1,480) 48,436 31,634 35,910 1,952 54,872 25,347 29,383 3,432 0 0 0 0 48,436 31,634 35,910 1,952 0 0 0 0 1.71 0.79 0.92 0.11 1 2 52

- () 101 102 103 143,968 129,524 118,460 360,483 350,354 369,502 2 137,823 133,377 129,113 7,679 6,739 6,079 8,919 10,742 11,512 658,872 630,736 634,666 59,225 55,089 49,854 107,262 87,114 0 0 0 47,890 40,293 45,573 107,115 95,382 95,427 155,152 127,407 320,247 320,247 320,247 124,045 120,202 102,588 111,541 95,440 110,510 67,347 81,029 0 0 0 (4,076) (535) 5,894 0 0 0 551,757 535,354 539,239 503,720 503,329 1 2 - () 101 102 103 302,101 216,270 234,191 181,130 126,783 147,083 70,452 22,960 26,597 (780) 8,287 7,686 69,672 31,247 34,283 69,672 31,247 34,283 0 0 0 54,872 25,347 29,383 (6,436) 6287 6,527 48,436 31,634 35,910 54,872 25,347 29,383 0 0 0 48,436 31,634 35,910 0 0 0 1.71 0.79 0.92 1 53

- () 99 100 101 102 ( 3) 103 ( 3) 440,199 451,920 441,799 - - - - 3,215 - - 2 193,727 193,329 188,129 - - 5,955 7,021 10,303 - - 16,455 16,567 11,436 - - 656,336 668,837 654,882 - - 88,805 68,353 72,531 - - 180,107 136,886 120,568 - - - - - - - 13,847 14,680 15,372 - - 102,652 83,033 87,903 - - 193,954 151,566 135,940 - - 320,247 320,247 320,247 - - 104,431 124,120 124,120 - - 163,475 142,262 127,513 - - 72,173 73,729 83,319 - - - - - - - (6,308) (825) (4,901) - - - - - - - 553,684 585,804 566,979 - - 462,382 517,271 518,942 - - 1 2 3 102 - () 99 100 101 102 ( 2) 103 ( 2) 491,990 438,604 423,447 - - 337,819 300,074 277,719 - - 120,010 77,608 66,445 - - 4,767 4,614 3,641 - - (1,750) (90) (807) - - 123,027 82,132 69,279 - - 107,209 70,089 53,784 - - - - - - - - - - - - - - - - - 107,209 70,089 53,784 - - () 3.46 2.23 1.68 - - 1 2 102 54

- () 99 100 101 102 ( 3) 103 ( 3) 362,693 373,745 366,213 - - 141,609 145,949 141,583 - - 2 137,498 136,133 134,881 - - 2,961 4,027 7,309 - - 14,346 14,540 8,625 - - 659,107 674,394 658,611 - - 72,782 56,001 59,225 - - 164,084 124,534 107,262 - - - - - - - 32,641 32,589 32,407 - - 105,423 88,590 91,632 - - 196,725 157,123 139,669 - - 320,247 320,247 320,247 - - 104,431 124,120 124,120 - - 163,475 142,262 127,513 - - 72,173 73,729 83,319 - - - - - - - (6,308) (825) (4,901) - - - - - - - 553,684 585,804 566,979 - - 462,382 517,271 518,942 - - 1 2 3102 55

- () 99 100 101 102 ( 2) 103 ( 2) 354,327 314,027 305,920 - - 214,603 192,723 182,173 - - 110,251 78,731 69,364 - - 13,889 4,564 3,606 - - (1,931) (1,706) (4,386) - - 122,209 81,589 68,584 - - 107,209 70,089 54,874 - - - - - - - - - - - - - - - - - 107,209 70,089 54,874 - - () 3.46 2.23 1.68 - - 1 2102 99 100 101 102 103 56

1-- () 101 102 103 104 3 31 () 15.78 15.33 13.40 11.04 304.92 299.39 306.61 310.18 600.11 597.93 713.39 965.44 469.61 479.41 585.66 807.39 A - - - - 7.33 6.54 6.89 7.15 50 56 53 51 2.38 1.95 1.79 1.61 5.43 4.82 4.78 4.67 153 187 203 227 2.19 1.74 1.61 1.47 0.64 0.51 0.48 0.44 8.29 3.94 4.68 2.23 9.77 4.66 5.47 2.54 21.97 10.07 11.2 5.4 12.96 7.69 9.77 5.1 B 1.71 0.79 0.92 0.11 120.68 62.65 77.21 8.09 C 110.30 103.57 107.05 88.19 2.99 (0.74) 1.98 0.56 D 1.18 1.43 1.36 1.63 1.00 1.00 1.00 1.00 ( 20%) A 103 102 B 103 102 C103 102 D 103 102 1 2 1. (1) (2) 2. (1) (2) (3) 3. 57

(1)() ( ) (2)365 (3) (4)() ( ) (5)365 (6) (7) 4. (1) (2) (3) (4) 4 5. (1) (2)( ) (3)()( )( 5) 6. (1)() ( 6) (2) () 58

2-- () 101 102 103 (%) 16.26 15.12 15.04 435.08 431.59 452.95 (%) 612.69 600.71 700.81 (%) 507.74 493.26 604.69 A (%) - - - 5.56 6.33 8.25 B 66 58 44 4.07 2.70 2.71 5.30 4.59 5.21 90 135 135 2.19 1.59 1.78 0.45 0.34 0.37 (%) 8.23 3.93 4.64 (%) 9.77 4.66 5.47 22.00 7.17 8.31 21.76 9.76 10.71 18.16 11.72 12.55 1.71 0.79 0.92 (%) 162.95 58.36 75.37 C (%) 108.27 94.00 102.61 (%) 4.48 (2.62) 0.91 D 1.13 1.17 1.50 E 1.00 1.00 1.00 1 1. (1) (2) 2. (1) (2) (3) 59

3. (1)() ( ) (2)365 (3) (4)() ( ) (5)365 (6) (7) 4. (1) (2) (3) (4) 4 5. (1) (2)( ) (3)()( )( 5) 6. (1)() ( 6) (2) () 60

3-- 99 100 101 102 ( 1) 103 ( 1) (%) 15.64 12.41 13.42 - - (%) 292.95 310.60 309.55 - - (%) 495.69 661.16 609.12 - - (%) 407.86 519.36 478.92 - - (%) - - - - - 8.71 7.25 7.33 - - 42 50 50 - - 2.72 2.30 2.38 - - 4.73 3.63 4.59 - - 134 159 153 - - 2.48 2.27 2.22 - - 0.79 0.66 0.64 - - (%) 17.14 10.58 8.13 - - (%) 20.00 12.30 9.33 - - 37.47 24.23 20.75 - - (%) 38.42 25.65 21.63 - - (%) 21.79 15.98 12.70 - - 3.46 2.23 1.68 - - (%) 148.28 72.69 125.79 - - (%) 150.85 111.67 112.09 - - 11.44 (6.42) 3.59 - - (%) 1.07 1.10 1.19 - - 1.00 1.00 1.00 - - 1 61

4-- 99 100 101 102 ( 1) 103 ( 1) (%) 15.99 13.14 13.91 - - (%) 402.69 430.32 420.35 - - (%) 498.33 667.39 618.34 - - (%) 441.16 608.46 523.11 - - (%) - - - - - 6.06 4.89 5.56 - - 60 75 66 - - 4.55 4.22 4.37 - - 5.34 4.20 5.39 - - 68 86 84 - - 2.56 2.28 2.23 - - 0.56 0.47 0.45 - - (%) 17.04 10.51 8.07 - - (%) 20.00 12.30 9.33 - - 34.43 24.58 21.66 - - (%) 38.16 25.48 21.42 - - (%) 30.26 22.45 17.80 - - 3.46 2.23 1.68 - - (%) 164.75 99.16 167.52 - - (%) 159.82 128.65 110.10 - - 9.63 (1.00) 4.99 - - (%) 1.06 1.05 1.13 - - 1.00 1.00 1.00 - - 1 1. (1) (2) 2. (1) (2) (3) 3. (1)() ( ) (2)365 (3) (4)() ( ) (5)365 (6) (7) 4. (1) 62

(2) (3) (4) 5. (1) (2)( ) (3)()( ) 6. (1)() (2) () 63

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103 103 1 1 103 12 31 27 67-3 -

103 102 12 31 103 102 1 1 12 31 103 102 12 31 103 102 1 1 12 31 103 102 0920123784 1010028123 104 3 10 68-4 -

103 102 12 31 103 12 31 102 12 31 103 12 31 102 12 31 1100 $ 59,719 10 $ 73,863 12 2170 $ 18,915 3 $ 21,932 3 1147 2219 26,579 4 31,171 5 230,920 37 206,200 33 2230 1150 1,117-1,472-3,262 1 515-1170 38,276 6 46,390 7 2300 8,628 1 15,720 3 1220 21XX 57,384 9 69,338 11 3,493 1 3,497 1 130X 52,646 9 53,193 8 1410 20,654 3 28,985 5 2640 1470 25,762 4 27,258 4 2,549-990 - 2645 286-345 - 11XX 409,374 66 414,590 66 25XX 26,048 4 27,603 4 2XXX 83,432 13 96,941 15 1550 3,259 1 3,219 1 1600 3110 320,247 51 320,247 51 184,367 30 188,036 30 3200 102,588 17 120,202 19 1805 2,994-2,994-1821 3310 79,458 13 78,227 12 6,079 1 6,739 1 3320 1,359-4,901 1 1840 3350 29,693 5 12,312 2 14,508 2 14,845 2 3300 110,510 18 95,440 15 1990 2,090-1,872-3400 5,894 1 ( 535 ) - 15XX 213,297 34 217,705 34 3XXX 539,239 87 535,354 85 1XXX $ 622,671 100 $ 632,295 100 $ 622,671 100 $ 632,295 100 69-5 -

103 102 1 1 12 31 103 102 4100 $ 300,677 100 $ 329,418 100 5110 ( 97,666 ) ( 32 ) ( 114,543 ) ( 35 ) 5900 203,011 68 214,875 65 6100 ( 110,745 ) ( 37 ) ( 121,522 ) ( 37 ) 6300 ( 63,129 ) ( 21 ) ( 66,674 ) ( 20 ) 6000 ( 173,874 ) ( 58 ) ( 188,196 ) ( 57 ) 6900 29,137 10 26,679 8 7010 5,078 2 4,086 1 7020 1,601-1,486 1 7060 40-4 - 7000 6,719 2 5,576 2 7900 35,856 12 32,255 10 7950 ( 6,473 ) ( 2 ) ( 6,908 ) ( 2 ) 8000 29,383 10 25,347 8 70-6 -

103 102 8310 $ 6,429 2 $ 3,541 1 8360 98-2,746 1 8300 6,527 2 6,287 2 8500 $ 35,910 12 $ 31,634 10 9710 $ 0.92 $ 0.79 9810 $ 0.91 $ 0.79 71-7 -

103 102 1 1 12 31 A1 102 1 1 32,024 $ 320,247 $ 124,045 $ 72,849 $ 825 $ 37,867 ( $ 4,076 ) $ 551,757 101 B1 - - - 5,378 - ( 5,378 ) - - B3 - - - - 4,076 ( 4,076 ) - - B5 - - - - - ( 44,194 ) - ( 44,194 ) C15 - - ( 3,843 ) - - - - ( 3,843 ) D1 102 - - - - - 25,347-25,347 D3 102 - - - - - 2,746 3,541 6,287 D5 102 - - - - - 28,093 3,541 31,634 Z1 102 12 31 32,024 320,247 120,202 78,227 4,901 12,312 ( 535 ) 535,354 102 B1 - - - 1,231 - ( 1,231 ) - - B3 - - - - ( 3,542 ) 3,542 - - B5 - - - - - ( 14,411 ) - ( 14,411 ) C15 - - ( 17,614 ) - - - - ( 17,614 ) D1 103 - - - - - 29,383-29,383 D3 103 - - - - - 98 6,429 6,527 D5 103 - - - - - 29,481 6,429 35,910 Z1 103 12 31 32,024 $ 320,247 $ 102,588 $ 79,458 $ 1,359 $ 29,693 $ 5,894 $ 539,239 72-8 -

103 102 1 1 12 31 103 102 A10000 $ 35,856 $ 32,255 A20010 A20100 7,901 8,574 A20200 2,446 2,978 A21200 ( 2,399 ) ( 2,576 ) A22300 ( 40 ) ( 4 ) A22500-19 A23700 132 - A23800 - ( 793 ) A24100 216 ( 99 ) A29900 54 1,353 A30000 A31130 355 ( 329 ) A31150 8,234 5,278 A31200 358 6,685 A31230 8,331 4,853 A31240 ( 704 ) 55 A32130 - ( 6 ) A32150 ( 3,353 ) ( 3,532 ) A32180 ( 4,592 ) 4,085 A32230 ( 7,092 ) ( 2,316 ) A32240 ( 1,398 ) ( 425 ) A33000 44,305 56,055 A33500 - ( 12,612 ) AAAA 44,305 43,443 B00600 ( 117,695 ) ( 159,200 ) B00700 92,975 177,000 B02700 ( 1,323 ) ( 3,649 ) B02800-6 B03700 ( 83 ) ( 436 ) B04500 ( 1,786 ) ( 1,663 ) B07500 2,399 2,576 BBBB ( 25,513 ) 14,634 73-9 -

103 102 C03100 ( $ 59 ) ( $ 24 ) C04500 ( 32,025 ) ( 48,037 ) CCCC ( 32,084 ) ( 48,061 ) DDDD ( 852 ) 992 EEEE ( 14,144 ) 11,008 E00100 73,863 62,855 E00200 $ 59,719 $ 73,863 74-10 -

103 102 1 1 12 31 80 9 9 91 12 104 3 10 ( ) 2013 IFRSIASIFRIC SIC 1030029342 1030010325 104 IASB 2013 IFRSIAS IFRIC SICIFRSs IASB IFRSs IFRSs IAS 39 2009 2009 1 1 2010 1 1 IAS 39 2009 6 30 IFRSs 2010 2010 7 1 2011 1 1 2009-2011 2013 1 1 75-11 -

IFRS 1 IFRS 7 IFRS 1 IFRS 1 IFRS 7 IFRS 7 IFRS 10 IFRS 11 IFRS 12 IFRS 10IFRS 11 IFRS 12 IFRS 10IFRS 12 IAS 27 IFRS 13 IAS 1 IAS 12 IAS 19 IAS 27 IAS 28 IAS 32 IFRIC 20 IASB 2010 7 1 2011 7 1 2013 1 1 2013 1 1 2011 7 1 2013 1 1 2013 1 1 2013 1 1 2013 1 1 2014 1 1 2013 1 1 2012 7 1 2012 1 1 2013 1 1 2013 1 1 2013 1 1 2014 1 1 2013 1 1 2013 IFRSs 1. IFRS 10 IAS 27 SIC 12 (i) (ii) (iii) 76-12 -

2. IFRS 12 3. IAS 28 4. IFRS 13 IFRS 13 IFRS 13 IFRS 13 104 5. IAS 1 (1)(2) 104 77-13 -

6. IAS 19 IAS 19 104 IAS 19 102 12 31 103 1 1 104 103 7. 2009-2011 2009-2011 IFRS 1 IFRSs IAS 1IAS 16IAS 32 IAS 34 IAS 1 IAS 16 IAS 16 IAS 32 IAS 12 IAS 34 78-14 -

104 2013 IFRSs 103 1 1 104 IAS 1 103 1 1 IAS 8 103 1 1 ( ) IASB IFRSs IASB IFRSs 2010-2012 2011-2013 2012-2014 IFRS 9 IFRS 9 IFRS 7 IFRS 10 IAS 28 IFRS 10IFRS 12 IAS 28 IFRS 11 IFRS 14 IFRS 15 IAS 1 IAS 16 IAS 38 IAS 16 IAS 41 IAS 19 IAS 27 IAS 36 IAS 39 IFRIC 21 IASB 1 2014 7 1 2 2014 7 1 2016 1 1 4 2018 1 1 2018 1 1 2016 1 1 3 2016 1 1 2016 1 1 2016 1 1 2017 1 1 2016 1 1 2016 1 1 2016 1 1 2014 7 1 2016 1 1 2014 1 1 2014 1 1 2014 1 1 1 2 2014 7 1 IFRS 2 2014 7 1 79-15 -

IFRS 3 IFRS 13 2014 7 1 3 2016 1 1 4 IFRS 5 2016 1 1 2016 1 1 1. IFRS 9 IAS 39 IFRS 9 (1) (2) 80-16 -

2. IAS 192013 3. IAS 36 IASB IFRS 13 IAS 36 IAS 36 4. IFRIC 21 IFRIC 21 5. 2010-2012 2010-2012 IFRS 2 IFRS 3 IFRS 8 IFRS 2 81-17 -

IFRS 3 IAS 39 IFRS 9 IFRS 8 IFRS 13 IFRS 13 IAS 24 6. 2011-2013 2011-2013 IFRS 3 IFRS 13 IAS 40 IFRS 3 IFRS 3 IFRS 13 IAS 39 IFRS 9 82-18 -

IAS 32 IAS 40 IAS 40 IFRS 3 7. IAS 16 IAS 38 IAS 16 IAS 38 (1) (2) 8. IFRS 15 IFRS 15 IAS 18 IAS 11 IFRS 15 (1) (2) (3) (4) (5) IFRS 15 83-19 -

9. IFRS 10 IAS 28 IFRS 3 IFRS 3 10. 2012-2014 2012-2014 IFRS 5 IFRS 7 IAS 19 IAS 34 IFRS 5 IFRS 7 IAS 19 84-20 -

11. IAS 1 ( ) IFRSs ( ) ( ) 1. 2. 12 3. 12 1. 2. 12 3. 12 85-21 -

( ) 1. 2. Penpower, Inc. 103 102 1231 1231 100% 100% 100% 100% - 100% 100% - 100% 100% - 100% 100% - 100% 100% - 103 4 1 86-22 -

( ) ( ) 87-23 -

( ) 88-24 -

( ) ( ) 89-25 -

( ) 1. 2. 3. () () 90-26 -

1. 3 2. 91-27 -

3. 1. 2. 92-28 -

() 1. (1) (2) (3) (4) (5) 2. 3. () 1. 93-29 -

() () 1. 10% 2. 94-30 -

3. ( ) 103 102 12 31 14,508 14,845 95-31 -

( ) ( ) ( ) ( ) 1031231 1021231 $ 220 $ 352 59,499 73,511 $ 59,719 $ 73,863 1031231 1021231 0.01%~0.35% 0.01%~0.39% 96-32 -

1031231 1021231 3 $ 230,920 $ 206,200 103 102 12 31 3 0.38% 2.70% 0.380% 1.365% 1031231 1021231 $ 1,117 $ 1,472 $ 38,276 $ 46,436 - ( 46 ) $ 38,276 $ 46,390 30 120 1031231 1021231 30 $ 8,532 $ 9,809 31 90 3,856 5,691 91 120 4,539 3,190 $ 16,927 $ 18,690 97-33 -

102 1 1 $ - $ 46 $ 46 102 12 31 $ - $ 46 $ 46 103 1 1 $ - $ 46 $ 46 - ( 46 ) ( 46 ) 103 12 31 $ - $ - $ - 1031231 1021231 $ 27,233 $ 29,953 5,774 2,123 19,639 21,117 $ 52,646 $ 53,193 103 102 97,666 114,543 103 132 54 102 793 1,353 1031231 1021231 $ 3,259 $ 3,219 1031231 1021231 30% 30% 103 102 $ 40 $ 4 98-34 -

10211 $ 91,214 $ 119,497 $ 5,822 $ 2,351 $ 7,855 $ 15,978 $ 242,717 - - 1,941-212 1,496 3,649 - - ( 3,507 ) ( 1,582 ) ( 119 ) ( 610 ) ( 5,818 ) 255 1,999 75 ( 12 ) 183 98 2,598 1021231 $ 91,469 $ 121,496 $ 4,331 $ 757 $ 8,131 $ 16,962 $ 243,146 10211 $ - $ 30,649 $ 3,945 $ 2,193 $ 5,335 $ 9,524 $ 51,646-3,432 594 158 788 3,602 8,574 - - ( 3,485 ) ( 1,582 ) ( 116 ) ( 610 ) ( 5,793 ) - 429 73 ( 12 ) 105 88 683 1021231 $ - $ 34,510 $ 1,127 $ 757 $ 6,112 $ 12,604 $ 55,110 1021231 $ 91,469 $ 86,986 $ 3,204 $ - $ 2,019 $ 4,358 $ 188,036 10311 $ 91,469 $ 121,496 $ 4,331 $ 757 $ 8,131 $ 16,962 $ 243,146 - - - - 264 1,059 1,323 - - - ( 757 ) ( 42 ) ( 7,405 ) ( 8,204 ) 520 2,988 114-219 268 4,109 1031231 $ 91,989 $ 124,484 $ 4,445 $ - $ 8,572 $ 10,884 $ 240,374 10311 $ - $ 34,510 $ 1,127 $ 757 $ 6,112 $ 12,604 $ 55,110-3,510 727-664 3,000 7,901 - - - ( 757 ) ( 42 ) ( 7,405 ) ( 8,204 ) - 730 20-198 252 1,200 1031231 $ - $ 38,750 $ 1,874 $ - $ 6,932 $ 8,451 $ 56,007 1031231 $ 91,989 $ 85,734 $ 2,571 $ - $ 1,640 $ 2,433 $ 184,367 19 50 3 9 5 3 5 3 10 99-35 -

102 1 1 $ 1,278 $ 492 $ 16,640 $ 18,410 112 109 1,442 1,663 - - 375 375 102 12 31 $ 1,390 $ 601 $ 18,457 $ 20,448 102 1 1 $ 1,151 $ 437 $ 9,143 $ 10,731 92 55 2,831 2,978 102 12 31 $ 1,243 $ 492 $ 11,974 $ 13,709 102 12 31 $ 147 $ 109 $ 6,483 $ 6,739 103 1 1 $ 1,390 $ 601 $ 18,457 $ 20,448 116 88 1,582 1,786 103 12 31 $ 1,506 $ 689 $ 20,039 $ 22,234 103 1 1 $ 1,243 $ 492 $ 11,974 $ 13,709 82 69 2,295 2,446 103 12 31 $ 1,325 $ 561 $ 14,269 $ 16,155 103 12 31 $ 181 $ 128 $ 5,770 $ 6,079 3 10 3 5 1 10 1031231 1021231 $ 1,224 $ 973 1,325 17 $ 2,549 $ 990 $ 1,955 $ 1,872 135 - $ 2,090 $ 1,872 100-36 -

1031231 1021231 $ 14,171 $ 16,520 600 1,072 3,400 2,400 8,408 11,179 $ 26,579 $ 31,171 $ 6,742 $ 14,257 1,886 1,463 $ 8,628 $ 15,720 ( ) 6% ( ) 6 2% 2 101-37 -

1031231 1021231 2.25% 2.00% 2.25% 2.00% 2.00% 2.00% 103 102 $ 29 $ 31 520 425 ( 175 ) ( 141 ) $ 374 $ 315 $ 342 $ 178 32 137 $ 374 $ 315 103 102 98 2,746 103 102 12 31 484 386 1031231 1021231 $ 26,484 $ 26,007 ( 9,492 ) ( 8,738 ) $ 16,992 $ 17,269 103 102 $ 26,007 $ 28,338 29 31 520 425 ( 72 ) ( 2,787 ) $ 26,484 $ 26,007 102-38 -

103 102 $ 8,738 $ 8,085 175 141 26 ( 41 ) 553 553 $ 9,492 $ 8,738 103 102 201 100 1031231 1021231 19.12% 22.86% 1.98% 4.10% 11.92% 9.37% - - 12.15% 8.41% 10.19% 12.41% 18.34% 20.95% 26.30% 21.90% 100.00% 100.00% IFRSs 101 1 1 1031231 1021231 1011231 10111 $ 26,484 $ 26,007 $ 28,338 $ 25,567 $ 9,492 $ 8,738 $ 8,085 $ 7,468 $ 16,992 $ 17,269 $ 20,253 $ 18,099 ( $ 72 ) ( $ 2,787 ) $ 2,293 $ - $ 26 ( $ 41 ) ( $ 67 ) $ - 103 102 12 31 1 424 374 103-39 -

( ) 1031231 1021231 45,000 45,000 $ 450,000 $ 450,000 32,024 32,024 $ 320,247 $ 320,247 10 ( ) 1031231 1031231 (1) $ 18,500 $ 36,114 (1) 62,468 62,468 (1) 12,027 12,027 (2) 9,593 9,593 $ 102,588 $ 120,202 1. 2. 102 1 1 $ 124,045 ( 3,843 ) 102 1 1 120,202 ( 17,614 ) 103 12 31 $ 102,588 104-40 -

( ) 1. 2. 20%100% 0%80% 103 102 3,400 2,400 10% 15% 1010012865 1010047490 IFRSs 25% 105-41 -

103 5 14 102 6 10 102 101 102 101 102 101 $ 1,231 $ 5,378 $ - $ - ( 3,542 ) 4,076 - - 14,411 44,194 0.45 1.38 102 101 $ 2,000 $ 4,400 400 1,100 101 101 103 5 14 102 6 10 102 101 103 5 14 102 6 10 17,614 3,843 0.55 0.12 104 3 10 103 $ 2,969 $ - 26,901 0.84 103 104 6 2 106-42 -

( ) 103 102 ( $ 535 ) ( $ 4,076 ) 6,429 3,541 $ 5,894 ( $ 535 ) ( ) 103 102 $ 2,399 $ 2,576 229 229 2,450 1,281 $ 5,078 $ 4,086 ( ) 103 102 $ - ( $ 19 ) 1,716 1,579 ( 115 ) ( 74 ) $ 1,601 $ 1,486 ( ) 103 102 $ 7,901 $ 8,574 2,446 2,978 $ 10,347 $ 11,552 $ 1,507 $ 1,905 6,394 6,669 $ 7,901 $ 8,574 $ 1,182 $ 1,403 393 648 871 927 $ 2,446 $ 2,978 107-43 -

( ) 103 102 $ 63,129 $ 66,674 ( ) 103 102 $ 3,791 $ 4,982 374 315 4,165 5,297 116,698 124,867 $ 120,863 $ 130,164 $ - $ - 120,863 130,164 $ 120,863 $ 130,164 ( ) 103 102 $ 6,134 $ 2,957 2 13-5,438 6,136 8,408 337 ( 1,500 ) $ 6,473 $ 6,908 103 102 $ 35,856 $ 32,255 $ 6,096 $ 5,483 370 - - ( 28 ) 108-44 -

103 102 $ 2 $ 13 261 ( 4,370 ) ( 279 ) 333-5,438 23 39 $ 6,473 $ 6,908 17% 104 103 10% ( ) 1031231 1021231 $ 3,493 $ 3,497 $ 3,262 $ 515 102 12 31 100 102 ( ) 103 $ 127 ( $ 3 ) $ 124 180 75 255 17 17 34 109-45 -

$ 5,672 ( $ 1,138 ) $ 4,534 2,002 871 2,873 2,126 ( 159 ) 1,967 10,124 ( 337 ) 9,787 4,721-4,721 $ 14,845 ( $ 337 ) $ 14,508 102 $ 127 $ - $ 127 367 ( 187 ) 180 15 2 17 2,523 3,149 5,672 2,849 ( 847 ) 2,002 2,487 ( 361 ) 2,126 8,368 1,756 10,124 4,977 ( 256 ) 4,721 $ 13,345 $ 1,500 $ 14,845 ( ) 1031231 1021231 105 $ 54 $ 54 107 238 238 $ 292 $ 292 110-46 -

( ) 103 12 31 $ 54 105 487 107 27 108 191 112 131 113 4,123 114 $ 5,013 103 12 31 5 102.01.01106.12.31 ( ) 1031231 1021231 87 $ 29,693 $ 12,312 $ 2,422 $ 8,046 103 102 20.48% 20.48% ( ) 101 103 102 $ 0.92 $ 0.79 $ 0.91 $ 0.79 111-47 -

103 102 $ 29,383 $ 25,347 $ 29,383 $ 25,347 103 102 32,024 32,024 115 152 32,139 32,176 112-48 -

( ) 1. 2. (1) (2) (3) 3. ( ) (1) (2) 1031231 1021231 1 $ 331,256 $ 328,898 2 45,494 53,103 113-49 -

1 2 ( ) 1. 5%5% 114-50 -

5% 5% 5% 103 102 $ 518(i) ( $ 482)(i) (i) 1031231 1021231 $ 52,070 $ 147,500-238,349 125,569 234,683-2. 115-51 -

3. ( ) 103 102 $ 229 $ 229 116-52 -

( ) 103 102 103 102 $ 10,703 $ 10,620 178 173 $ 10,881 $ 10,793 1031231 1021231 $ 36,080 $ 36,080 27,512 28,085 $ 63,592 $ 64,165 102 12 31 $ 771 31.630 $ 24,387 2,003 4.076 8,164 2,628 5.102 13,408 2,314 0.266 616 44 24.091 1,060 444 31.588 14,025 240 5.096 1,223 117-53 -

102 12 31 $ 760 30.118 $ 22,890 2,004 3.844 7,703 2,349 4.884 11,472 1,933 0.323 624 59 23.424 1,382 1,093 29.768 32,536 ( ) ( ) 1. ( ) 1. 2. (1) (2) ( ) 118-54 -

( ) 103 102 $ 128,610 $ 149,207 67,569 63,501 104,498 116,710 $ 300,677 $ 329,418 ( ) 103 102 1031231 1021231 $ 51,549 $ 62,642 $ 29,906 $ 28,783 118,898 130,833 138,212 143,171 130,230 135,943 25,322 25,815 $ 300,677 $ 329,418 $ 193,440 $ 197,769 ( ) 103 102 10% 119-55 -

103 12 31 $ 89,980 $ 89,980 3,943 100% $ 75,437 $ 2,189 $ 2,189 13,289 13,289 250 100% 4,241 ( 603 ) ( 603 ) 10,000 10,000-100% 4,419 1,602 1,602 Penpower, Inc. 51,176 51,176 650 100% 51,226 ( 29 ) ( 29 ) 3,218 3,218 215 30% 3,259 133 40 26,198 26,198-100% 35,430 4,755 4,755 ( 800 ) ( 800 ) 4,807 ( 1,000 ) 4,807 ( 1,000 ) - 100% 3,854 ( 1,169 ) ( 1,169 ) 120-56 -

( ) 103 12 31 800 800 $ - $ - 800 100% $ 4,755 $ 35,430 $ - 1,000 1,000 - - 1,000 100% ( 1,169 ) 3,854-800 1,000 800 1,000 $323,543 800 100% 1,000 100% 121-57 -

( ) 103 12 31 $ 180 90 $ - - $ - 8,404 90 2,486 3% 3,141 9,012 90 4,653 29% - 122-58 -

103 102 103 102 0 1 $ - - $ 90 0.01% 30 3,341 0.54% - - 30 69,369 23.07% 59,200 27.37% 30 1 677 0.11% 4,347 0.69% 30 135 0.02% - - - - 542 0.09% 30 - - 78 0.02% 30 4,070 1.35% 27,008 12.49% 30 Penpower, Inc. 1 8,750 1.40% 12,311 1.95% 90 35,302 11.74% 31,954 14.78% 90 1 1,060 0.17% 1,381 0.22% 30 4,625 1.54% 3,339 1.54% 30 1 - - 5,271 0.83% 90 3 - - - - - 8,718 4.03% 90 181 0.06% - - 90 1 8,404 2.80% 1,628 0.75% 90 2,486 0.98% - - 1 3 - - 1,308 0.21% 90 - - 5,083 2.35% 90 - - 2,052 0.62% 3 4,653 0.75% 4,885 0.77% 90 9,012 3.00% 4,885 2.26% 90 1. 0 2. 1 1. 2. 3. 123-59 -

5211 103 102 47 7 (03)5722691 124-1 -

103 102 12 31 103 102 1 1 12 31 103 102 12 31 103 102 1 1 12 31 103 0920123784 1010028123 104 3 10 125-3 -

103 102 12 31 103 12 31 102 12 31 103 12 31 102 12 31 1100 $ 34,790 5 $ 39,556 6 2170 $ 16,736 3 $ 16,689 3 1147 2219 22,824 4 23,247 4 230,920 36 201,400 32 2230 1150 1,039 - - - 3,260-425 - 1170 13,601 2 2,512-2300 7,034 1 14,728 2 1180 21XX 49,854 8 55,089 9 16,314 3 23,310 4 1220 3,493 1 3,493 1 2640 130X 29,676 5 32,076 5 25,762 4 26,039 4 1410 18,244 3 27,117 4 2660 1470 19,811 3 14,254 2 1,303-1,460-25XX 45,573 7 40,293 6 11XX 349,380 55 330,924 52 2XXX 95,427 15 95,382 15 1550 138,582 22 148,954 24 3110 320,247 51 320,247 51 1600 3200 102,588 16 120,202 19 129,113 20 133,377 21 1821 6,079 1 6,739 1 3310 79,458 12 78,227 12 1840 3320 1,359-4,901 1 10,382 2 9,983 2 3350 29,693 5 12,312 2 1990 1,130-759 - 3300 110,510 17 95,440 15 15XX 285,286 45 299,812 48 3400 5,894 1 ( 535 ) - 3XXX 539,239 85 535,354 85 1XXX $ 634,666 100 $ 630,736 100 $ 634,666 100 $ 630,736 100 126-4 -

103 102 1 1 12 31 103 102 4100 $ 234,191 100 $ 216,270 100 5110 ( 87,108 ) ( 37 ) ( 89,487 ) ( 41 ) 5900 147,083 63 126,783 59 5910 ( 17,331 ) ( 8 ) ( 11,774 ) ( 6 ) 5920 11,774 5 16,757 8 141,526 60 131,766 61 6100 ( 53,296 ) ( 23 ) ( 45,827 ) ( 21 ) 6300 ( 61,633 ) ( 26 ) ( 62,979 ) ( 29 ) 6000 ( 114,929 ) ( 49 ) ( 108,806 ) ( 50 ) 6900 26,597 11 22,960 11 7010 2,584 1 3,086 1 7020 1,903 1 1,371 1 7070 3,199 1 3,830 2 7000 7,686 3 8,287 4 7900 34,283 14 31,247 15 7950 ( 4,900 ) ( 2 ) ( 5,900 ) ( 3 ) 8000 29,383 12 25,347 12 127-5 -

103 102 8310 $ 6,429 3 $ 3,541 2 8360 98-2,746 1 8300 6,527 3 6,287 3 8500 $ 35,910 15 $ 31,634 15 9710 $ 0.92 $ 0.79 9810 $ 0.91 $ 0.79 128-6 -

103 102 1 1 12 31 A1 102 1 1 32,024 $ 320,247 $ 124,045 $ 72,849 $ 825 $ 37,867 ( $ 4,076 ) $ 551,757 101 B1 - - - 5,378 - ( 5,378 ) - - B3 - - - - 4,076 ( 4,076 ) - - B5 - - - - - ( 44,194 ) - ( 44,194 ) C15 - - ( 3,843 ) - - - - ( 3,843 ) D1 102 - - - - - 25,347-25,347 D3 102 - - - - - 2,746 3,541 6,287 D5 102 - - - - - 28,093 3,541 31,634 Z1 102 12 31 32,024 320,247 120,202 78,227 4,901 12,312 ( 535 ) 535,354 102 B1 - - - 1,231 - ( 1,231 ) - - B3 - - - - ( 3,542 ) 3,542 - - B5 - - - - - ( 14,411 ) - ( 14,411 ) C15 - - ( 17,614 ) - - - - ( 17,614 ) D1 103 - - - - - 29,383-29,383 D3 103 - - - - - 98 6,429 6,527 D5 103 - - - - - 29,481 6,429 35,910 Z1 103 12 31 32,024 $ 320,247 $ 102,588 $ 79,458 $ 1,359 $ 29,693 $ 5,894 $ 539,239 129-7 -

103 102 1 1 12 31 103 102 A10000 $ 34,283 $ 31,247 A20010 A20100 5,384 5,961 A20200 2,446 2,978 A21200 ( 2,346 ) ( 2,528 ) A22400 ( 3,199 ) ( 3,830 ) A24100 ( 199 ) ( 99 ) A23700 500 - A23800 - ( 1,100 ) A29900 54 1,316 A23900 17,331 11,774 A24000 ( 11,774 ) ( 16,757 ) A30000 A31130 ( 1,039 ) 408 A31150 ( 10,969 ) 2,095 A31160 7,411 14,181 A31200 1,846 ( 1,091 ) A31230 8,873 3,468 A31240 22 ( 734 ) A32130 - ( 6 ) A32150 ( 289 ) ( 5,473 ) A32180 ( 423 ) 4,924 A32230 ( 7,694 ) ( 2,049 ) A32240 ( 179 ) 132 A33000 40,039 44,817 A33500 ( 2,464 ) ( 12,665 ) AAAA 37,575 32,152 130-8 -

103 102 B00600 ( $ 117,695 ) ( $ 154,400 ) B00700 88,175 171,900 B01900 20,000 - B02700 ( 1,120 ) ( 1,515 ) B03700 ( 236 ) ( 80 ) B04500 ( 1,786 ) ( 1,663 ) B07500 2,346 2,528 BBBB ( 10,316 ) 16,770 C04500 ( 32,025 ) ( 48,037 ) CCCC ( 32,025 ) ( 48,037 ) EEEE ( 4,766 ) 885 E00100 39,556 38,671 E00200 $ 34,790 $ 39,556 131-9 -

103 102 1 1 12 31 80 9 9 91 12 104 3 10 ( ) 2013 IFRSIASIFRIC SIC 1030029342 1030010325 104 IASB 2013 IFRS IAS IFRIC SICIFRSs IASB IFRSs IFRSs IAS 39 2009 2009 1 1 2010 1 1 IAS 39 2009 6 30 IFRSs 2010 2010 7 1 2011 1 1 2009-2011 2013 1 1 132-10 -

IFRS 1 IFRS 7 IFRS 1 IFRS 1 IFRS 7 IFRS 7 IFRS 10 IFRS 11 IFRS 12 IFRS 10IFRS 11 IFRS 12 IFRS 10IFRS 12 IAS 27 IFRS 13 IAS 1 IAS 12 IAS 19 IAS 27 IAS 28 IAS 32 IFRIC 20 IASB 2010 7 1 2011 7 1 2013 1 1 2013 1 1 2011 7 1 2013 1 1 2013 1 1 2013 1 1 2013 1 1 2014 1 1 2013 1 1 2012 7 1 2012 1 1 2013 1 1 2013 1 1 2013 1 1 2014 1 1 2013 1 1 2013 IFRSs 1. IFRS 12 IFRS 12 IFRS 12 2. IAS 28 133-11 -

3. IFRS 13 IFRS 13 IFRS 13 IFRS 13 104 4. IAS 1 (1)(2) 104 5. IAS 19 IAS 19 134-12 -

104 IAS 19 102 12 31 103 1 1 104 103 6. 2009-2011 2009-2011 IFRS 1 IFRSs IAS 1IAS 16IAS 32 IAS 34 IAS 1 IAS 16 IAS 16 IAS 32 IAS 12 IAS 34 104 2013 IFRSs 103 1 1 104 IAS 1 103 1 1 IAS 8 103 1 1 135 - -

( ) IASB IFRSs IASB IFRSs 2010-2012 2011-2013 2012-2014 IFRS 9 IFRS 9 IFRS 7 IFRS 10 IAS 28 IFRS 10IFRS 12 IAS 28 IFRS 11 IFRS 14 IFRS 15 IAS 1 IAS 16 IAS 38 IAS 16 IAS 41 IAS 19 IAS 27 IAS 36 IAS 39 IFRIC 21 IASB 1 2014 7 1 2 2014 7 1 2016 1 1 4 2018 1 1 2018 1 1 2016 1 1 3 2016 1 1 2016 1 1 2016 1 1 2017 1 1 2016 1 1 2016 1 1 2016 1 1 2014 7 1 2016 1 1 2014 1 1 2014 1 1 2014 1 1 1 2 2014 7 1 IFRS 2 2014 7 1 IFRS 3 IFRS 13 2014 7 1 3 2016 1 1 136-14 -

4 IFRS 5 2016 1 1 2016 1 1 1. IFRS 9 IAS 39 IFRS 9 (1) (2) 137-15 -

2. IAS 192013 3. IAS 36 IASB IFRS 13 IAS 36 IAS 36 4. IFRIC 21 IFRIC 21 5. 2010-2012 2010-2012 IFRS 2 IFRS 3 IFRS 8 IFRS 2 138-16 -

IFRS 3 IAS 39 IFRS 9 IFRS 8 IFRS 13 IFRS 13 IAS 24 6. 2011-2013 2011-2013 IFRS 3 IFRS 13 IAS 40 IFRS 3 IFRS 3 IFRS 13 IAS 39 IFRS 9 IAS 32 IAS 40 IAS 40 IFRS 3 139-17 -

7. IAS 16 IAS 38 IAS 16 IAS 38 (1) (2) 8. IFRS 15 IFRS 15 IAS 18 IAS 11 IFRS 15 (1) (2) (3) (4) (5) IFRS 15 9. IFRS 10 IAS 28 IFRS 3 140-18 -

IFRS 3 10. 2012-2014 2012-2014 IFRS 5 IFRS 7 IAS 19 IAS 34 IFRS 5 IFRS 7 IAS 19 11. IAS 1 141-19 -

( ) ( ) ( ) 1. 2. 12 3. 12 1. 2. 12 3. 12 142-20 -

( ) ( ) 143-21 -

( ) 1. 144-22 -

2. 145-23 -

( ) ( ) 1. 2. 146-24 -

3. ( ) ( ) 1. (1) 147-25 -

3 (2) 148-26 -

(3) 2. (1) (2) () 1. (1) (2) (3) 149-27 -

(4) (5) 2. 3. () 1. () 150-28 -

() 1. 10% 2. 151-29 -

3. ( ) 103 102 12 31 10,382 9,983 ( ) 152-30 -

( ) ( ) ( ) 1031231 1021231 $ 152 $ 121 34,638 39,435 $ 34,790 $ 39,556 1031231 1021231 0.01%~0.17% 0.01%~0.17% 1031231 1021231 3 $ 230,920 $ 201,400 103 102 12 31 3 0.38% 2.70% 0.380% 1.365% 153-31 -

1031231 1021231 $ 1,039 $ - $ 13,601 $ 2,512 - - $ 13,601 $ 2,512 30 120 1031231 1021231 30 $ 2,506 $ 47 31 90 1,790 914 91 120 2,655 - $ 6,951 $ 961 1031231 1021231 $ 23,724 $ 29,953 5,864 2,123 88 - $ 29,676 $ 32,076 103 102 87,108 89,487 154-32 -

103 500 54 102 1,100 1,316 1031231 1021231 $ 135,323 $ 145,735 3,259 3,219 $ 138,582 $ 148,954 ( ) 1031231 1021231 $ 75,437 $ 69,723 4,241 4,773 4,419 22,817 Penpower, Inc. 51,226 48,422 $ 135,323 $ 145,735 103 4 20,000 1031231 1021231 100% 100% 100% 100% 100% 100% Penpower, Inc. 100% 100% 155-33 -

( ) 1031231 1021231 $ 3,259 $ 3,219 1031231 1021231 30% 30% 103 102 $ 40 $ 4 102 1 1 $ 81,544 $ 65,501 $ 2,339 $ 757 $ 2,420 $ 9,803 $ 162,364 - - - - 118 1,397 1,515 102 12 31 $ 81,544 $ 65,501 $ 2,339 $ 757 $ 2,538 $ 11,200 $ 163,879 102 1 1 $ - $ 18,674 $ 504 $ 599 $ 735 $ 4,029 $ 24,541-1,901 252 158 432 3,218 5,961 102 12 31 $ - $ 20,575 $ 756 $ 757 $ 1,167 $ 7,247 $ 30,502 102 12 31 $ 81,544 $ 44,926 $ 1,583 $ - $ 1,371 $ 3,953 $ 133,377 103 1 1 $ 81,544 $ 65,501 $ 2,339 $ 757 $ 2,538 $ 11,200 $ 163,879 - - - - 75 1,045 1,120 - - - ( 757 ) ( 42 ) ( 7,189 ) ( 7,988 ) 103 12 31 $ 81,544 $ 65,501 $ 2,339 $ - $ 2,571 $ 5,056 $ 157,011 103 1 1 $ - $ 20,575 $ 756 $ 757 $ 1,167 $ 7,247 $ 30,502-1,901 252-446 2,785 5,384 - - - ( 757 ) ( 42 ) ( 7,189 ) ( 7,988 ) 103 12 31 $ - $ 22,476 $ 1,008 $ - $ 1,571 $ 2,843 $ 27,898 103 12 31 $ 81,544 $ 43,025 $ 1,331 $ - $ 1,000 $ 2,213 $ 129,113 156-34 -

19 50 5 9 5 3 5 3 5 102 1 1 $ 1,278 $ 492 $ 16,640 $ 18,410 112 109 1,442 1,663 - - 375 375 102 12 31 $ 1,390 $ 601 $ 18,457 $ 20,448 102 1 1 $ 1,151 $ 437 $ 9,143 $ 10,731 92 55 2,831 2,978 102 12 31 $ 1,243 $ 492 $ 11,974 $ 13,709 102 12 31 $ 147 $ 109 $ 6,483 $ 6,739 103 1 1 $ 1,390 $ 601 $ 18,457 $ 20,448 116 88 1,582 1,786 103 12 31 $ 1,506 $ 689 $ 20,039 $ 22,234 103 1 1 $ 1,243 $ 492 $ 11,974 $ 13,709 82 69 2,295 2,446 103 12 31 $ 1,325 $ 561 $ 14,269 $ 16,155 103 12 31 $ 181 $ 128 $ 5,770 $ 6,079 3 10 3 5 1 10 157-35 -

1031231 1021231 $ 683 $ 1,460 620 - $ 1,303 $ 1,460 $ 995 $ 759 135 - $ 1,130 $ 759 1031231 1021231 $ 13,650 $ 16,039 600 1,072 3,400 2,400 5,174 3,736 $ 22,824 $ 23,247 $ 6,644 $ 14,340 390 388 $ 7,034 $ 14,728 ( ) 6% ( ) 6 2% 158-36 -

2 1031231 1021231 2.25% 2.00% 2.25% 2.00% 2.00% 2.00% 103 102 $ 29 $ 31 520 425 ( 175 ) ( 141 ) $ 374 $ 315 $ 342 $ 178 32 137 $ 374 $ 315 103 102 98 2,746 103 102 12 31 484 386 1031231 1021231 $ 26,484 $ 26,007 ( 9,492 ) ( 8,738 ) $ 16,992 $ 17,269 159-37 -

103 102 $ 26,007 $ 28,338 29 31 520 425 ( 72 ) ( 2,787 ) $ 26,484 $ 26,007 103 102 $ 8,738 $ 8,085 175 141 26 ( 41 ) 553 553 $ 9,492 $ 8,738 103 102 201 100 1031231 1021231 19.12% 22.86% 1.98% 4.10% 11.92% 9.37% 12.15% 8.41% 10.19% 12.41% 18.34% 20.95% 26.30% 21.90% 100.00% 100.00% 101 1 1 1031231 1021231 1011231 10111 $ 26,484 $ 26,007 $ 28,338 $ 25,567 $ 9,492 $ 8,738 $ 8,085 $ 7,468 $ 16,992 $ 17,269 $ 20,253 $ 18,099 ( $ 72 ) ( $ 2,787 ) $ 2,293 $ - $ 26 ( $ 41 ) ( $ 67 ) $ - 160-38 -

103 102 12 31 1 424 374 ( ) 1031231 1021231 45,000 45,000 $ 450,000 $ 450,000 32,024 32,024 $ 320,247 $ 320,247 10 ( ) 1031231 1021231 (1) $ 18,500 $ 36,114 (1) 62,468 62,468 (1) 12,027 12,027 (2) 9,593 9,593 $ 102,588 $ 120,202 1. 2. 102 1 1 $ 124,045 ( 3,843 ) 102 1 1 120,202 ( 17,614 ) 103 12 31 $ 102,588 161-39 -

( ) 1. 2. 20%100% 0%80% 103 102 3,400 2,400 10% 15% 1010012865 1010047490 IFRSs 25% 162-40 -

103 5 14 102 6 10 102 101 102 101 102 101 $ 1,231 $ 5,378 $ - $ - ( 3,542 ) 4,076 - - 14,411 44,194 0.45 1.38 102 101 $ 2,000 $ 4,400 400 1,100 101 101 103 5 14 102 6 10 102 101 103 5 14 102 6 10 17,614 3,843 0.55 0.12 104 3 10 103 $ 2,969 $ - 26,901 0.84 163-41 -

103 104 6 2 ( ) 103 102 ( $ 535 ) ( $ 4,076 ) 6,429 3,541 $ 5,894 ( $ 535 ) ( ) 103 102 $ 2,346 $ 2,528 229 229 9 329 $ 2,584 $ 3,086 ( ) 103 102 $ 1,903 $ 1,371 ( ) 103 102 $ 5,384 $ 5,961 2,446 2,978 $ 7,830 $ 8,939 $ 1,507 $ 1,905 3,877 4,056 $ 5,384 $ 5,961 164-42 -

103 102 $ 1,182 $ 1,403 393 648 871 927 $ 2,446 $ 2,978 ( ) 103 102 $ 61,633 $ 62,979 ( ) 103 102 $ 3,687 $ 3,423 374 315 4,061 3,738 86,983 85,635 $ 91,044 $ 89,373 $ - $ - 91,044 89,373 $ 91,044 $ 89,373 103 102 12 31 91 89 ( ) 103 102 $ 5,297 $ 2,613 2 13-5,152 5299 7,778 165-43 -

103 102 ( $ 399 ) ( $ 1,878 ) $ 4,900 $ 5,900 103 102 $ 34,283 $ 31,247 $ 5,828 $ 5,312 370 - - ( 28 ) 2 13 261 ( 3,539 ) ( 2,111 ) ( 1,087 ) - 5,152 550 77 $ 4,900 $ 5,900 17% 104 103 10% ( ) 1031231 1021231 $ 3,493 $ 3,493 $ 3,260 $ 425 102 12 31 100 102 166-44 -

( ) 103 $ 124 $ - $ 124 170 85 255 17 17 34 5,672 ( 543 ) 5,129 2,002 871 2,873 1,998 ( 31 ) 1,967 $ 9,983 $ 399 $ 10,382 102 $ 124 $ - $ 124 357 ( 187 ) 170 15 2 17 2,523 3,149 5,672 2,237 ( 235 ) 2,002 2,849 ( 851 ) 1,998 $ 8,105 $ 1,878 $ 9,983 ( ) 103 12 31 5 102.01.01106.12.31 167-45 -

( ) 1031231 1021231 87 $ 29,693 $ 12,312 $ 2,422 $ 8,046 103 102 20.48% 20.48% ( ) 101 103 102 $ 0.92 $ 0.79 $ 0.91 $ 0.79 103 102 $ 29,383 $ 25,347 $ 29,383 $ 25,347 103 102 32,024 32,024 115 152 32,139 32,176 168-46 -

( ) 1. 2. (1) (2) 169-47 -

(3) 3. ( ) (1) (2) 1031231 1021231 1 $ 297,967 $ 268,238 2 39,560 39,936 1 2 ( ) 1. 170-48 -

5%5% 5% 5% 5% 103 102 $ 644 (i) ( $ 327) (i) (i) 171-49 -

1031231 1021231 $ 52,070 $ 147,500 - - 213,488 93,335 - - 2. 172-50 -

3. ( ) 103 102 $ 121,770 $ 131,847 30 90 ( ) 1031231 1021231 $ 16,314 $ 23,310 103 102 ( ) 103 102 $ 229 $ 229 ( ) 103 102 $ 6,360 $ 5,320 178 173 $ 6,538 $ 5,493 173-51 -

1031231 1021231 $ 36,080 $ 36,080 27,512 28,085 $ 63,592 $ 64,165 103 12 31 $ 695 31.643 $ 21,992 2,003 4.076 8,165 1,720 5.087 8,750 44 24.091 1,060 288 31.635 9,111 240 5.096 1,223 102 12 31 $ 717 29.912 $ 21,447 2,004 3.843 7,702 1,071 4.923 5,273 109 0.330 36 59 23.424 1,382 939 29.813 27,994 174-52 -

( ) ( ) 1. ( ) 1. 2. (1) (2) 175-53 -

103 12 31 $ 89,980 $ 89,980 3,943 100% $ 75,437 $ 2,189 $ 2,189 13,289 13,289 250 100% 4,241 ( 603 ) ( 603 ) 10,000 10,000-100% 4,419 1,602 1,602 Penpower, Inc. 51,176 51,176 650 100% 51,226 ( 29 ) ( 29 ) 3,218 3,218 215 30% 3,259 133 40 26,198 26,198-100% 35,430 4,755 4,755 ( 800 ) ( 800 ) 4,807 ( 1,000 ) 4,807 ( 1,000 ) - 100% 3,854 ( 1,169 ) ( 1,169 ) 176-54 -

( ) 103 12 31 800 800 $ - $ - 800 100% $ 4,755 $ 35,430 $ - 1,000 1,000 - - 1,000 100% ( 1,169 ) 3,854-800 1,000 800 1,000 $323,543 800 100% 1,000 100% 177-55 -

( ) 103 12 31 $ 180 90 $ - % $ - 8,404 90 2,486 3% 3,141 9,012 90 4,653 29% - 178-56 -

102.12.31 103.12.31 % 208,390 178,454 (29,936) (14.37) 209,419 234,179 24,760 11.82 188,036 184,367 (3,669) (1.95) 9,733 9,073 (660) (6.78) 16,717 16,598 (119) (0.71) 632,295 622,671 (9,624) (1.52) 69,338 57,384 (11,954) (17.24) 27,603 26,048 (1,555) (5.63) 96,941 83,432 (13,509) (13.94) 320,247 320,247 0 0 120,202 102,588 (17,614) (14.65) 95,440 110,510 15,070 15.79 (535) 5,894 6,429 (1,201.68) 535,354 539,239 3,885 (0.73) () 102 103 (%) 329,418 300,677 (28,741) (8.72) (114,543) (97,666) 16,877 (14.73) 214,875 203,011 (11,864) (5.52) 188,196 173,874 (14,322) (7.61) 26,679 29,137 2,458 9.21 5,576 6,719 1,143 20.50 32,255 35,856 3,601 11.16 (6,908) (6,473) 435 (6.30) 0 0 0 0 25,347 29,383 4,036 15.92 () () 122 179

102 103 % 62.65 77.21 23.23 A 103.57 107.05 3.36 (0.74) 1.98 (367.56) B A. B. a() () B c a+b-c 290,639 50,000 32,301 308,338 - - (1) A. 50,000 B. 2,000 C. 30,301 () 308,338 (2) 1. 2. 3. () 1. 2. 122 180

103 103 () 1,716 300,677 35,856 () 0.57% () 4.79% 3. () () () OCR/BCR/ 15,000 16,000 5,000 // 10,000 APP 5,000 () () () 123 181

() () () 1. 2. () () () () 124 182

1. 1 Penpower Technology Ltd. Penpower Technology (Hong Kong) Ltd. () PenPower Technology (S) Pte Ltd. Grandpower Technology Ltd. PenPower Inc. PenPower (China) Technology Ltd. PenPower Technology (Guangzhou) Ltd. 2 103 12 31 () 1991.02 1 HKD 3,943,334 () 1996.10 2 SGD 250,000 2001.09 3 USD 800,000 2001.11 4 NTD 10,000,000 Penpower, Inc. 1997.9 5 USD 650,000 2013.10 6 RMB 1,000,000 1 9 23 3 21Tannery Road #05-05 One Tannery Singapore 347719 3 12 E 804 4 106 161 4 546520 Fremont Blvd. Suite 610 Fremont, CA 94538 6 836 27 04 2. 122 183

3. 4. 103 12 31 () 0 0 0 0 () 0 0 0 0 0 0 0 0 Penpower, Inc. 0 0 0 0 0 0 5. 103 12 31 ()( 1) ( ) ( 2) ( ) 86,995 11,558 75,437 128,623 1,187 2,189 0.56 5,314 895 4,419 8,327 2,309 1,602-5,353 1,112 4,241 10,279 (684) (603) (2.41) 36,794 1,364 35,430 19,019 2,886 4,755 - Penpower, Inc. 57,608 6,382 51,226 60,080 (272) (29) (0.04) 21,402 17,548 3,854 29,649 (1,221) (1,169) - 1 2() 6. 123 184

132 185

131 186