KEY WARE ELECTRONICS COMPANY LIMITED

KEY WARE ELECTRONICS COMPANY LIMITED

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Company Overview
Key Ware Electronics Company Limited, founded in 1997, is a Taiwanese-based company engaged in the design, manufacture and distribution of drill bits and consumer electronics. Its registered business office is strategically located in Taoyuan, Taiwan.
Key Ware Electronics’ drill bits are mainly used for printed circuit board (PCB) manufacture. Its consumer electronics include moving picture experts group layer-3 audio (MP3) players. The company has two manufacturing facilities situated in Shenzhen and Kunshan, China.
Key Ware Electronics distributes its products in the domestic market and to overseas markets, including the rest of Asia, the Americas and Europe. In 2006, consumer electronics and drill bits contributed approximately 64% and 33% of the company’s total revenue, respectively.
Business Summary
Corporation is an international designer, manufacturer and marketer of tight tolerance carbide cutting tools for printed circuit board applications.
Description and history
Corporation was established on 27 February 1997. Corporation is an international designer, manufacturer and marketer of tight tolerance carbide cutting tools for printed circuit board applications. The products include drill bits, slot drill bits, router bits, and specialized cutting tools ranging from 0.10mm (0.0040′) to 6.50 mm (0.256′) in diameter to satisfy customers’ needs. During 29 March 2001, Company has successfully listed on OTC.

Company’s Milestones:

May 2007
The plant was moved to Kueishan Industrial Zone.

September 2006
Investment from dividend in the amount of NT$144.6 million was increased, as a result of paid-up capital standing at NT$1.3628 billon.

July 2005
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$1.55819 billion until July 2006.

January 2005
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$1.558 billion until January 2006.

October 2005
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$1.55 billion until October 2005.

September 2005
Investment from dividend in the amount of NT$62.2 million was increased, as well as from capital reserve fund NT$27.1 million, as a result of paid-up capital standing at NT$446.3 million.

July 2005
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$997.4 million until July, 2005.

March 2005
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$887.7 million until March,2004.

February 2005
Addition of 71,500 shares from the Hong Shun Technology, with 88% equity while holding Hong Shun Electronics (HK) Co.,Ltd., having entered the field of consumer electronics for a vigorous development.

February 2005
Issuance of common stock for cash in the amount of NT$220 million was increased, as a result of paid-up capital standing at NT$876.3 million until February 2005.

September 2004
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$656.1 million until September,2004.

August 2004
Investment from dividend in the amount of NT$49.4 million was increased, as well as from capital reserve fund NT$16.3 million, as a result of paid-up capital standing at NT$648.1 million.

June 2004
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$583.1 million until June, 2003.

March 2004
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$579.8 million until March, 2004.

January 2004
Re-invested Company, and indirectly established Mainland Kunshan Wei Xing Electronics Co.,Ltd.

December 2003
The Company bond certificates in New Taiwan dollars could be purchased beginning in August 2003, with paid-up capital increased to NT$544.8 million until December, 2003.

August 2003
In vestment from capital reserve fund increased by NT$24.4 million, with paid-up capital standing at NT$513.9 million.

September 2002
Investment from dividend in the amount of NT$48.1 million was increased, as a result of paid-up capital standing at NT$489.4 million.

September 2001
Investment from dividend in the amount of NT$62.2 million was increased, as well as from capital reserve fund NT$27.1 million, as a result of paid-up capital standing at NT$446.3 million.

August 2001
Issuance of common stock for cash in the amount of NT$80 million.

July 2001
Production capacity expansion was achieved when the fourth plant was built.

May 2001
Re-invested Company, and indirectly established Mainland Kunshan Company.

March 2001
Trading of the Company stock began on March, 23.

December 2000
Approved by the Counter-stock Center, ROC for counter-stock trading.

December 2000
Obtained SO14001 accreditation.

November 2000
Monthly capacity reached over 1.8 million pieces.

August 2000
Production capacity was further expanded when the third plant was built.

May 2000
Issuance of common stock for cash and investment from dividend in the amount of NT$124.5 million was increased, as a result of paid-up capital standing at NT$270.1 million. Monthly capacity was over 1 million pieces.

January 2000
Obtained ISO9002 accreditation.

June 1999
Was approved by the Securities & Futures Institute to be a listed Company for IPO.

May 1999
Succeeded in mass production of 0.2mm series drill bits.

March 1999
Production capacity expansion was achieved when the second plant was built. Issuance of common stock for cash in the amount of NT$84 million was increased, as a result of paid-up capital standing at NT$190 million.

February 1999
Succeeded in developing 0.2mm series drill bits.

December 1998
Issuance of common stock for cash in the amount of NT$21 million was increased, as a result of paid-up capital standing at NT$106 million.

December 1997
Product quality was approved by clients and official marketing began.

November 1997
Moved to Taoyuan County, successfully produced a series of 0 .35/0.3mm drill bits, with success by customers’ testing. Issuance of common stock for cash in the amount of NT$60 million was increased, as a result of paid-up capital standing at NT$85 million.

February 1997
Company was established for the production of PCB specialized drill bits, with paid-up capital in the amount of only NT$25 million.

Business Line
Engaged in the design, manufacture and distribution of drill bits and consumer electronics
Subsidiary
BVI KEY WARE ELECTRONICS
Advisor
DELOITTE & TOUCHE
IPO date
3/29/2001
US SIC Code
3679
Company Address
32, Singbang Road, Dalin, 21 Neighborhood

City province or state postal code
TAOYUAN
Phone: +886 03 366 0667
Fax: +886 03 366 8136
Country address: TAIWAN
Website url: www.key-ware.com.tw