ZEN-TEK ELECTRONICS LTD

http://www.global-creditreports.com/home/freshcredi treportsample... 1 of 20 20/09/2012 12:28 PM International Report - Freshly Investigated Credit Report Date: 1 Jan, 2012 ZEN-TEK ELECTRONICS LTD Company Details Global Identifier : P0342938 : Taiwan Business Entity Name : ZEN-TEK ELECTRONICS LTD Name in Local Language : Operating Address : 7Fl, 43 Nanking East Rd Section 2 Chungshan Dist Taipei City 104 Tel : [+886] 2-26511515 Fax : [+886] 2-26511717 Email : fastape@zen-tek.com Website : www.zen-tek.com Primary Business Activity : Manufacturer Key Industry : Electronic Products & Components Key Facts Registered Legal Address : 7Fl, 43 Nanking East Rd Section 2 Chungshan Dist Taipei City 104 Operational Address : 7Fl, 43 Nanking East Rd Section 2 Chungshan Dist Taipei City 104 Trading Name / DBA : ZEN ZEN TEK TEK ZEN Previous Name : Business Entity Name ZEN-TEK LTD Date of Change n/a License Number : 12345678 Date of Registration : 12 July, 1991 Issuing Authority : Ministry of Economic Affairs (MOEA) Legal Form - Category : Private company with limited liability Legal Form - Abbreviation : LTD Legal Form : Limited Operational Status of Business : Normal Employees : 500 Capital : US$ 3,981,337 Credit Rating & Risk Analysis Risk Index : Low

Credit Rating : Excellent Points Allocated : 89 CREDIT ASSESSMENT FACTORS ACP's Credit risk assessment is gauged on 12 key business factors. Each factor is assigned a rating and the total is aggregated and weighed in consideration of any other influencing factors relevant to the final assessment. These factors include : Financial Status Profitability Industry sector & trends Principals Litigation Liabilities Management Scale of operations Years in business & co history Assets(real estate etc.) Trade references & reputation Family involvement & support Adverse Data Results : Total of 8 records found. Dishonored Checks (2) Debt (2) Litigation (1) Performance Defaults (1) Adverse Press Coverage (1) Former Company Relationships (1) Financial Summary (Currency: U.S. $'s) Year Sales Assets Net Income 2009 $789,588,379.47 $1,558,807,439.45 $81,854,555.94 2010 $1,052,903,308.27 $1,755,945,293.23 $128,787,278.20 2011 $1,361,060,568.72 $2,099,746,319.12 $260,470,837.28 Recommended Credit Limit - Trade Finance Maximum Recommended Credit : USD 500,000.00 based on 90 days Comments : Estimated to be within the firm's current financial capabilities Management & Products Management : Mrs. Debbie Jing-sen Lin, Manager Ms. Angel Mei-ling Wang, CEO Mr. Bruce Wang, Chairman Products : Capacitors Electronic components Electronic products Fixed capacitors IC (integrated circuits) Int l Trade Activity (Currency: U.S. $'s) 2 of 20 20/09/2012 12:28 PM

3 of 20 20/09/2012 12:28 PM Year Imports Exports Total 2009 $4,525,262.00 $710,629,541.52 $715,154,803.52 2010 $5,251,524.00 $947,612,977.44 $952,864,501.44 2011 $7,552,254.00 $1,224,954,511.85 $1,232,506,765.85 Commercial Credit Inquiries Date of Inquiry Industry in which Inquirer Operates Credit Type (* / **) Credit Amount Period 9 Jan, 2011 Professional Services MRC USD 500,000.00 90 days Note: * MRC: Maximum Recommended Credit ** ISC : Inquirer Specified Credit

Fullcheck Report Details Business Entity Name Acronym Primary Business Activity Key Industry : Taiwan : ZEN-TEK ELECTRONICS LTD : ZTE : Manufacturer : Electronic Products & Components Office Contact Details Operating Address : 7Fl, 43 Nanking East Rd Section 2 Zip : 104 Suburb City : Chungshan Dist : Taipei City Tel : [+886] 2-26511515 Cell : [+886] 9055266266 Fax : [+886] 2-26511717 E-Mail Web Site Factory Contact Details Address Zip : 300 City : fastape@zen-tek.com : www.zen-tek.com : Hsinchu Science-Based Industrial Park 7 Innovation Rd : Hsinchu City Tel : [+886] 3-5666262 Fax : [+886] 3-5626161 Postal Details P.O. Box : 52-118 P.O.Zip : 111 P.O. Suburb : Shihlin Dist SIC PRODUCT CLASSIFICATION & ACTIVITY Activity Code Product/Service Description Importing 5065 Electronic Parts/Equip, NEC Manufacturing 3672 Printed circuit boards Manufacturing 3674 Semiconductors and related devices, and parts, nspf Manufacturing 3675 Electronic capacitors Manufacturing 3679 Electronic components, nspf HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY Activity Code Product/Service Description Importing 8532 Electric capacitors, fixed, variable or adjustable (preset) Importing 8532290040 Fixed capacitors Importing 8532300090 Variable or adjustable capacitors Manufacturing 8534 Printed circuits Manufacturing 8542 Electronic integrated circuits & microassembl, parts 4 of 20 20/09/2012 12:28 PM

5 of 20 20/09/2012 12:28 PM DETAILED PRODUCT CLASSIFICATION & ACTIVITY Activity Manufacturer Manufacturer Manufacturer Manufacturer Product/Service Description IC (integrated circuits) IC's for control units Ics for control of magnetic PCB (printed circuit boards) OWNERSHIP Chairman : Dr. Louis Ming-li Chen Nationality : Taiwanese Direct / Indirect Corporate Parent Details Direct Parent : ZEN-TEK HOLDINGS CO LTD Global Identifier : P0342944 : Taiwan Brand Brand DoorNet ZAP COMPANY MANAGEMENT Management Listings Name Nationality Job Description Dept. / Division 1 Mrs. Debbie Jing-sen Lin Taiwanese Manager Finance 2 Ms. Angel Mei-ling Wang Taiwanese CEO - 3 Mr. Bruce Wang Taiwanese Chairman - 4 Mr. Osman Ding-men Tsai Taiwanese General Manager - 5 Mr. Ah-ming Tseng Taiwanese Managing Director - Management Details - 1 Personal Unique Identifier : MI01020983 Name : Mrs. Debbie Jing-sen Lin Sex : F Email : debbiejing.lin@zen-tek.com Born : 10 July, 1966 Registered address of Residence Languages spoken Other Positions : 28Fl, 88 Chung Shan North Rd Section 3 Chungshan Dist Taipei City Chungshan Dist 104 : Taiwan : English, Hindi Business Entity Name Position USA JACQ SAMPLE Company Director Philippines LANI SAMPLE Company Director Management Details - 2 Personal Unique Identifier : MI01158635 Name : Ms. Angel Mei-ling Wang Sex : F Email : angelmei_ling.wang@zen-tek.com

6 of 20 20/09/2012 12:28 PM Born : 20 January, 1964 Registered address : 8Fl, 188 Chung Hsiao East Rd Ta-an Dist Taipei City Ta-an Dist 106 of Residence : Taiwan Languages spoken : English, Mandarin Other Positions Business Entity Name Position Oman MERVIN OMAN SAMPLE 3 Company Director Philippines MIKEL SAMPLE Company Director Management Details - 3 Personal Unique Identifier : MI01751061 Name : Mr. Bruce Wang Sex : M Management Details - 4 Personal Unique Identifier : MI01158633 Name : Mr. Osman Ding-men Tsai Sex : M Management Details - 5 Personal Unique Identifier : MI01020987 Name : Mr. Ah-ming Tseng Sex : M FINANCIALS SUMMARY (Currency: U.S. $'s) Year Sales Assets Net Income 2004 $70,125,042.00 $75,123,937.00 $1,715,000.00 2005 $80,100,203.00 $76,104,734.00 $1,375,600.00 2006 $103,354,454.00 $78,123,123.00 $1,334,000.00 2007 $479,698,026.70 $1,258,465,148.00 -$34,335,780.62 2008 $640,946,536.36 $1,326,760,103.48 $12,221,759.13 FINANCIAL & LEGAL STATUS *Financial History* ============== 1995 - Invested heavily into two other subsidiaries in Taiwan. The levels of investment into the two other subsidiaries represented a total of US$52.8 million. 1998 - A foreign exchange loss of NTD 180 million during the first half of the year is believed to be caused by the eurobonds issued. The company also accrues interest expense of NTD 156 million annually on the bonds. 2000 - Sales accounted for 20.4 of Taiwan's, and 4.8% of the global contract IC packaging market. 1 May, 2002 - Reported first-quarter profit fell 60% as falling demand prompted the firm to cut prices. *Financials* =========== Balance Sheet Currency : NTD Denomination : In Thousands 2009 ---------------------- Current Assets 24,949,443 Funds & long-term investments 9,700,714 Property 29,138,827 Other Assets 2,667,987

7 of 20 20/09/2012 12:28 PM Total Assets 66,456,971 Current Liabilities (Before) 10,754,796 (After) 10,754,796 Long-term Liabilities 14,643,600 Other Liabilities 233,568 Total Liabilities (Before) 5,631,964 (After) 25,631,964 Common Stock 23,289,193 Capital Reserve 8,853,379 Retained Earnings (Before) 9,561,191 (After) 9,561,191 Total Shareholder's Equity (Before) 40,825,077 (After) 40,825,077 Income Statement Currency : NTD Denomination : In Thousands 2009 ---------------------- Operating Revenue 43,077,567 Gross Profit 9,604,048 Operating Income 7,354,945 Non-operating Income 1,116,504 Non-operating Expense (875,048) Net Income 8,243,902 Earnings (losses) per share 3.59 *Bank Details* ============= (1) Bank name : ABN-AMRO BANK NV Account number : 88811223344 Branch : 2Fl, 49 Ming Sheng East Rd Section 2 Swift_Code : ABNATWTP (2) Bank name : BANK OF TAIWAN Account number : 99988877722 Branch : 58 Chung Chin South Rd Section 1 Swift_Code : BKTWTWTP (3) Bank Name : CHIAO TUNG BANK CO LTD Branch Address : 91 Heng Yang Rd Chungcheng Dist Taipei City 100 (Head Office) SWIFT Code : BKCMTWTP *Payment Terms* ============= Sales ------ Local : Cash on delivery (COD) 30-60 days credit Export : Letter of Credit (L/C) Documents against Acceptance (D/A) Purchases -------------- Local : Cash on delivery (COD) 30-60 days credit Import : Letter of Credit (L/C) Documents against Acceptance (D/A) *Company Registration* =================== License number : 12345678 Date issued : 12 July, 1991

8 of 20 20/09/2012 12:28 PM Issuing authority : Ministry of Economic Affairs Type of license : Manufacturing, assembly, importation of electronic components and assembly. *Industry Ranking* ================ Considered to be one of Taiwan's largest PCB assemblers. *Accountants* ============ T NXSONIC & CO *Auditors* ========= T NX SONIC & CO *Company Name* ============= Incorporated as : PROPSEROUXX ELECTRICAL CORP Date of incorporation : 10 October, 1994 Changed name to : ZEN-TEK ELECTRONICS LTD Date of change : August 1996 *Financial Ratios* ============== 2009 ------------------- Ratio of liabilities to assets % 38.57 Ratio of long-term capital to fixed Assets % 190.36 Current ratio % 231.98 Quick ratio % 205.94 Interest coverage 34.99 Turnover of receivable (times) 5.60 Average collection period of receivable 65.00 Turnover of inventories (times) 13.94 Turnover of expense (times) 9.46 Average days of sales 26.00 Turnover of fixed assets (times) 1.55 Turnover of total assets (times) 0.69 Return on total assets % 13.47 Return on shareholder's Equity % 22.19 Operating Income 31.58 Net Income before tax 35.41 Profit margin % 19.14 Retroactive 3.59 Cash flows ratio % 121.72 Cash flows adequacy % 107.55 Cash reinvestment ratio % 14.50 Degree of operating leverage 2.91 Degree of financial leverage 1.03 *Financial Structure* ================ Overview of Turnover as per Division: --------------------------------------------------- PCB Division Year Turnover (NT$'000) Growth (%) ------ -------------------------- --------------- 2000 1,678,311 48 2001 2,517,312 50 2002 3,774,276 50 Components Division Year Turnover (NT$'000) Growth (%) ------- ------------------------- --------------- 2000 2,471,434 7

9 of 20 20/09/2012 12:28 PM 2001 1,849,386-25 2002 1,863,765 8 CDS Division Year Turnover (NT$'000) Growth (%) ------- -------------------------- --------------- 2000 285,263 52 2001 393,872 38 2002 415,442 55 OTHER LICENSE License Number : 987654321 Date of Registration : 1 January, 2008 Issuing Authority : Bureau of Economic Affairs License Number : 8585828 Date of Registration : 2 January, 2008 Issuing Authority : Ministry of Finance ADVERSE DATA MONITORING DISHONORED CHECKS Dishonored Checks ( 1 ) Bank : Taiwan : BANK OF TAIWAN Date : 9 November, 2001 Amount Reason Summary Dishonored Checks ( 2 ) Bank : NT$ 26 mill ~ NT$ 50 mill : Insufficient Funds 2 Records Found : Although the check issued was dishonored at the time of submission to the bank, ZEN-TEK paid the face value of the check on 14 December, 2001. : Taiwan Date : 20 January, 2002 Amount Reason : INTERNATIONAL BANK OF TAIPEI (TAIPEI BUSINESS BANK) : NT$ 2 mill ~ NT$ 5 mill : Insufficient Funds DEBT Debt ( 1 ) : Hong Kong Amount : HK$ 9K ~ HK$ 78K Debt Date : 12 March, 2001 Type : Services rendered Reason : Reason not stated Settlement of Debt : No known settlement yet 2 Records Found Debt ( 2 ) Amount : Australia : AUS$ 21K ~ AUS$ 200K

10 of 20 20/09/2012 12:28 PM Debt Date : 31 January, 2003 Type : Goods delivered Reason : Delayed payments Settlement of Debt : yes Period Owed : 60-days Statement Date : 5 April, 2003 LITIGATION Litigation ( 1 ) Position : Defendant Other Parties Involved : Position Party's Name Defendant Philippines NATIONAL IRRIGATION INC Plaintiff Philippines ABC DEVELOPMENT CORP 1 Record Found Case Issue : ABC DEVELOPMENT CORP filed a case against ZEN-TEK ELECTRONICS and NATIONAL IRRIGATION INC, a 51%-owned company by ZEN-TEK. It is claimed that ZEN-TEK intentionally misled ABC DEVELOPMENT into believing that ZEN-TEK owned copyright over selected IP. As a result ABC DEVELOPMENT incurred losses totalling US$3 million for which they are seeking settlement. Court : High Court, Taiwan Date Commenced : 11 March, 2003 Status : Pending PERFORMANCE DEFAULTS Performance Defaults ( 1 ) Type : Failure to fulfill commercial contract Date : 12 December, 2000 Contract Amount : Won 101 bill + Organization Summary : South Korea : ANGEL BANK, THE 1 Record Found : ZEN-TEK failed to supply the stipulated services for the first year of its contract. Party/ies involved : Company Philippines USA JACQ SAMPLE JACQ SAMPLE ADVERSE PRESS COVERAGE Adverse Press Coverage ( 1 ) Newspaper : Taiwan : China Daily News Date : 15 April, 1999 Title : Recent staff cutbacks of 40% Summary 1 Record Found : As a result of severe drop in overseas orders from the USA and Europe, the company has had no other choice but to reduce staff levels in both production and administration sections. FORMER COMPANY RELATIONSHIPS Former Company Relationships ( 1 ) First name/surname : Bruce Wang Present Position : Chairman Former Position : Director Former Company : CHIEN TA STEEL CO LTD : Taiwan Status : License terminated & ceased operations Date : 11 June, 2002 1 Record Found

11 of 20 20/09/2012 12:28 PM Reason Associated Problem : Financial distress : Debt BANK DETAILS Bank Name : ABN-AMRO BANK NV Global Identifier : 31533882 Branch : Chungshan Dist,Taipei City Branch Address : 2Fl, 49 Ming Sheng East Rd Section 2 Account No. : 88811223344 SWIFT Code : ABNATWTP Bank Name : BANK OF TAIWAN Global Identifier : 31534064 Branch : Chungcheng Dist,Taipei City Branch Address : 58 Chung Chin South Rd Section 1 Account No. : 99988877722 SWIFT Code : BKTWTWTP Bank Name : CHIAO TUNG BANK CO LTD Global Identifier : 31534573 Branch : Chungcheng Dist,Taipei City Branch Address : 91 Heng Yang Rd Chungcheng Dist Taipei City 100 (Head Office) SWIFT Code : BKCMTWTP LOCAL BRANCHES & MANAGEMENT Branch : ZEN-TEK ELECTRONICS LTD - SHIHLIN DIST Branch Address : 1Fl, 56 Chung Shan North Rd Section 5 Shihlin Dist, Taipei City, 111 Branch Tel : [+886] 2-28736678 Branch Fax : [+886] 2-28736678 Branch Email : trendectshil@mail.com Branch Employees : 10 Branch Management Name Job Description Nationality Ms. Virginia Yates President American Mr. Joe Chen Managing Director Taiwanese Mr. Ke-pei Meng Manager Taiwanese Branch : ZEN-TEK ELECTRONICS LTD - HSIN-I DIST Branch Address : 2Fl, 167 Chung Hsiao East Rd Hsin-i Dist, Taipei City, 110 Branch Tel : [+886] 2-23565667 Branch Fax : [+886] 2-23569876 Branch Email : trendectshil@mail.com

12 of 20 20/09/2012 12:28 PM Branch Employees : 15 Branch Management Name Job Description Nationality Mr. Harry Henderson Vice President Australian Mr. Fred Lee Treasurer Taiwanese PRODUCT, TECHNOLOGY, SERVICES DESCRIPTION *Main Products & Services* ====================== Specializing in two main areas of work: 1. Import of computer components. 2. Production of multi-layer printed circuit boards incorporating some of the raw materials imported. *Detailed Product Specifications* ========================== Characteristics of products include: - Layers include : 2-8 layers - PCB's with hot air levelling process - PCB's with electroless nickel/gold plating - PCB's with carbon ink or with peelable solder masks - Epoxy or photimageable solder masks The main use of the IC's are for optimum performance under extreme temperatures. Application : weapons control panel on indigenous fighter jets. *Technologies Developed and/or Acquired* =================================== ZEN-TEK implements Q.C. testing throughout the manufacturing process. All testing jigs & software are produced by the in-house engineering department. *Quality Certification* ================= Type of Certification : ISO 9002 Date : January 1994 Issuing authority : SGS *Product/brand/logo Licensing* ======================= Type of Licensing: Technology know-how Licensor : SEIKOX ELECTRONICS LTD - Indonesia Date : June,1999 Details of license : Produce and incorporated patented range of SEIKOX components in PCB's manufactured and sold to assemblers of plasma display units. FACTORY FACILITIES & MANUFACTURING CAPABILITIES *Factories, Size & Locations* ====================== Factory 1 ------------ Type of building : 2-storey industrial Building size : 25,000 sq. meters Land size : 80,000 sq meters Location : Semi-industrial suburb of Hsinchu. Factory 2 -------------

13 of 20 20/09/2012 12:28 PM Type of building : Single storey semi-residential building Building size : 8,000 sq meters. Land Size : Incorporated in the estimated land size above. Location : Same location as above. *Production Capacity* ================== Based on standard multi-layer PCB's, the factory is currently able to produce 200,000 boards per month based on two 8 hour production shifts per day. ORGANIZATION STRUCTURE *Corporate & Organization Structure* ============================== Board of Directors Chairman General Manager ------------------------------------------------------------ Production Personnel Marketing Finance Department Department Department Department Includes : Includes : Manufacturing Sales Quality Control Marketing *Company History* =============== 1994 - Started operation of Hsin-i Dist branch office. 1995 - Started operation of Shihlin Dist branch office. 2000 - Affiliate with TRENDECT (CHINA) CO *Key Personnel* ============== (1) Mr. Louis Ming-li Chen (Also known as Ah ming Chen) Founder : Sole founder Age : 55 years Education : Bachelor of Science at University of CKSC Qualification : Engineer, Architect Work experience : 20 years Responsibilities : Daily management of the firm and legal responsibility of all financial liabilities. Resident status : Singapore Resident Status, but travels andresides in Taiwan regular basis. Previous experience : Worked with ABCX (TAIWAN) LTD for 5 years. Immediate support staff : Supported by Mr. Edward Choi Other position : President of ABBX (THAILAND) (2) Mrs. Debbie Jing-sen Lin Date of birth : 10 July, 1966 E-mail : debbiejing.lin@zen-tek.com Address : 28Fl, 88 Chung Shan North Rd Section 3, Chungshan Dist, Taipei City, 104 Taiwan Other position : Director of the following companies : - JACQ SAMPLE - USA - LANI SAMPLE - Philippines

14 of 20 20/09/2012 12:28 PM (3) Ms. Angel Mei-ling Wang Date of birth : 20 January, 1964 E-mail : angelmei_ling.wang@zen-tek.com Address : 8Fl, 188 Chung Hsiao East Rd, Ta-an Dist, Taipei City, 106 Taiwan Other position : Director of the following companies : - MERVIN OMAN SAMPLE 3 - Oman - MIKEL SAMPLE - Philippines *Office & Facilities* =============== Size : 230 sq. meters Location : Commercial area Facilities : Modern and computerized. Description : Well decorated and professionally layout. Property status : Rented Type of Building : 12-storey office building Comments : Office space shared with another company listed as ABC MFG LTD.Relationship with ABC MFG LTD unknown. TRADE REFERENCES *Domestic Customers* ================== Sales of IT products to local electronic companies manufacturers as followed: - TAIWAN ELECTRONIC SCREEN CO LTD - KOKOS PLASMA SCREEN MFG CO LTD *Associations* =========== Member of : - Taiwan Electronics Association *Competitors* =========== The following four (4) locally based companies supply an identical range of products : 1. ABC COMPUTERS LTD 2. CCC INFORMATION CORP 3. DDD PC CO LTD 4. Z-BASE ELECTRONICS INC RELATED PARTIES(Subsidiaries, Joint-ventures & Affiliates) Business Entity Name Global Identifier : HEAVEN POLYPROPYLENE CO LTD : P0342945 8Fl Taiwan Cement Bldg 113 Chung Shan North Rd Section 2 Chungshan Dist Taipei City 104 Address : Taiwan : Taiwan Relationship Legal Form Company Type Industry : Subsidiary : Public Listed Company : Manufacturer : Plastics & Products Business Entity Name Global Identifier Address : HECTOR LAMINATES CORP : P0342948 : 18Fl Victory Tower 180 Chung Shan Rd Chungshan Dist Taipei City 104 Taiwan : Taiwan

15 of 20 20/09/2012 12:28 PM Relationship Legal Form Company Type Industry : Joint-Venture : Private company with limited liability : Manufacturer : Plastics & Products Business Entity Name Global Identifier Relationship Legal Form Company Type Industry : NATIONAL IRRIGATION INC : P0915845 : Philippines : Subsidiary : Unknown : Service : Agricultural Products Business Entity Name Global Identifier Address Relationship Legal Form Company Type Industry : ZEN-TEK ELECTRONICS (CHINA) CO LTD : P0891268 : 3Fl Zhong Hui Mansion 16 He Nan Rd South Pudong Dist Shanghai 200002 China : China : Subsidiary : Private company with limited liability : Manufacturer : Electronic Products & Components Business Entity Name Global Identifier Address Relationship Legal Form Company Type Industry : ZEN-TEK ELECTRONICS DEUTSCHLAND GMBH : P0868218 : Schloss Strasse 1 Eislingen 73054 Germany : Germany : Subsidiary : Private company with limited liability : Trader : Electronic Products & Components RELATED PARTIES DESCRIPTION *Subsidiaries, Joint-ventures & Affiliates* ================================= Joint-ventures -------------------- HECTOR LAMINATES CORP This is a joint-venture between the following companies: - WESTS COAST IMPORTS INC - ZEN-TEK ELECTRONICS LTD *Directors' Details* =============== (1) Ms. Julie Hock-sum Chen Date of birth : 13 October, 1962 Email : juliehock_sum.chen@zen-tek.com Address : 18Fl Victory Tower 180 Chung Shan Rd, Chungshan Dist, Taipei City, 104 Taiwan Other position : Director, SAMPLE COMPANY - India (2)

16 of 20 20/09/2012 12:28 PM Mr. Sen-bing Lim Date of birth : 11 July, 1971 Mobile no. : 1-88888888 Tel : 3-98888888 Ext : 888 Email : Senbing.lim@zen-tek.com Passport no. : 588888-88-8888 Address : 888 Jalan 4/22, Petaling Jaya, Selangor, 46000 Malaysia Date of Appointment : 12 October, 2005 Associations (3) Mr. Tin-lum Luk Date of birth : 29 July, 1961 : - Member, British Malaysia Chamber of Commerce - Charter Member, Malaysian Institute of Accountants Email : tinlum.luk@zen-tek.com Education : - Bachelor of Science, REGIS UNIVERSITY, USA () - Masteral Degree Business Administration, REGIS UNIVERSITY, USA () Address : 8888 North Sam Houston Highway, Houston, Texas USA Other position : Director of the following companies : - TRAINING SAMPLE CO LTD - Philippines - WELLA SAMPLE - Taiwan *Strategic Partners & Alliances* ======================= In 2002, the firm announced a strategic alliance with one of China's largest computer manufacturers. Alliance name : GX CHINAS ELECTRONICS GROUP OF COMPANIES Founder : Unknown Holding company: LUKSS CHOP INVESTMENTS LTD : Hong Kong Group members : A consortium of large manufacturers in China, Hong Kong and Taiwan. SHAREHOLDERS Total number of shareholders : 3 Total number of shares : 10,000,000 Shares No. Shareholders Number Amount (NTD) % 1 ZEN-TEK HOLDINGS CO LTD Taiwan 8,000,000.00 80,000,000.00 80.00 2 Ms. Ms. Lily Chang Taiwan 1,000,000.00 10,000,000.00 10.00 3 TREND-X (CHINA) CO China 1,000,000.00 10,000,000.00 10.00 Currency : New Taiwan Dollars ("NTD") Today's Exchange rate : 1.00 NTD New Taiwan Dollars 0.031056 USD = United States Dollars COMPANY DIRECTORS 1 Personal Unique Identifier : MI01158634 Name : Mr. Nai-jiu Bai Nationality : Taiwanese 2 Personal Unique Identifier : MI01020984 Name : Mr. Sen-bing Lim Date of Birth : 11 Jul, 1971 Nationality : Malaysian

17 of 20 20/09/2012 12:28 PM ID/Passport No. : 588888-88-8888 Registered Address : 888 Jalan 4/22,Petaling Jaya 46000 of Residence : Malaysia Date of Appointment : 12 Oct, 2005 3 Personal Unique Identifier : MI01020985 Name : Mr. Tin-lum Luk Date of Birth : 29 Jul, 1961 Nationality : American Registered Address : 8888 North Sam Houston Highway,Houston of Residence : USA 4 Personal Unique Identifier : MI01020986 Name : Ms. Julie Hock-sum Chen Date of Birth : 13 Oct, 1962 Nationality : Taiwanese Registered Address : of Residence : Taiwan 18Fl Victory Tower 180 Chung Shan Rd,Chungshan Dist,Taipei City,Chungshan Dist 104 5 Global Identifier : P0363018 Name : ZENTEK TECHNOLOGY JAPAN INC Registered Address : 9Fl Chuo Bldg 2-1-2 Uchikanda,Chiyoda-ku,Tokyo 1010047 of Residence : Japan 6 Global Identifier : P0502740 Name : ZENTEK TECHNOLOGY SINGAPORE PTE LTD Registered Address : Cintech II Bldg 75 Science Park Drive #02-05 of Residence : Singapore IMPORTER AGENCY LISTING Supplier : DINJI ELECTRONICS CORP Global Identifier : P0342951 of Origin : USA Product Description : Ic (integrated circuits) For control of magnetic devices under 6 degrees cel Brand : DJ Year : 1993 Supplier : MAGIC CO LTD Global Identifier : P0342953 of Origin : USA Product Description : Ic's for control units Brand : MAGIC Year : 1994

18 of 20 20/09/2012 12:28 PM LOCAL DISTRIBUTION & WAREHOUSING *Local Distribution Network* ===================== Approximately 10% of the annual turnover is attributed to local sales through medium sized wholesalers servicing the domestic electronics manufacturing market. Local sales network includes the following firms: 1. HYDROS ELECTRONICS CO 2. CHAN'SA COMPONENTS 3. DAZZLINGSS ITEMS LTD *Warehousing Facilities* ================== All warehousing of IC's is maintained in ZEN-TEK's Taipei bonded warehouse. ("Bonded" implying that all IC's are imported without import tax since the items are 100% exported or sold to government owned production plants). TRADE STATISTICS (Currency: U.S. $'s) Year Imports Exports Total 2009 $4,219,907.00 $93,019,008.60 $97,238,915.60 2010 $3,206,616.00 $431,728,224.03 $434,934,840.03 2011 $3,592,986.00 $576,851,882.72 $580,444,868.72 INTERNATIONAL TRADE : ACTIVITY & MARKETS / Region Asia / Pacific Europe Argentina Australia China Germany Philippines USA Main Trading Activity Exporting,Importing Exporting,Importing Exporting Exporting Importing Importing Exporting Exporting,Importing INTERNATIONAL TRADE ACTIVITY DESCRIPTION *Export Markets* ============ 90% of the annual turnover is attributed to export to the following countries/region: % of Exports ----------- ------------------ USA 60 Hong Kong 20 Europe 15 Australia 5 *Overseas Customers* ================== Company Name ----------- ----------------------

19 of 20 20/09/2012 12:28 PM Philippines Philippines Germany JACQ SAMPLE LANI SAMPLE MEGENE OVERSEAS SUPPLIERS Name Global Identifier ZEN-TEK ELECTRONICS (CHINA) CO LTD P0891268 China ZEN-TEK ELECTRONICS DEUTSCHLAND GMBH P0868218 Germany OVERSEAS CUSTOMERS Name Global Identifier MADEL CO LTD P0273545 Philippines DOMESTIC SUPPLIERS Name JACQ-SAMPLE CO LTD Global Identifier P0207873 DOMESTIC CUSTOMERS Name HEAVEN POLYPROPYLENE CO LTD HECTOR LAMINATES CORP Global Identifier P0342945 P0342948 OVERSEAS AGENTS AND DISTRIBUTORS Agent : MERVIN OMAN SAMPLE 3 Global Identifier : P0712176 of Origin : Oman Product Description : Electronic components Brand : Mervin Year : 2001 Agent : MERVIN UAE SAMPLE Global Identifier : P0764246 of Origin : United Arab Emirates Product Description : Electronic components Brand : MUS Year : 2001 Agent : JACQ SAMPLE Global Identifier : P0226700 of Origin : Philippines Product Description : Electronic products Brand : JS Year : 1999

20 of 20 20/09/2012 12:28 PM *** End of Report on ZEN-TEK ELECTRONICS LTD *** *** Australian Business Research Pty Ltd Disclaimer *** The information recorded in this document is supplied for the confidential use of the subscriber on the condition that Australian Business Research Pty Ltd shall not be liable for any claim, loss, injury or damage suffered by the recording of incorrect, incomplete, inaccurate or out-of-date information. Judgement debtors may have applied to have the judgement set aside and this should be checked before relying on information provided. This data is released for the purposes of enabling clients to make credit worthiness assessments and should not be used for any other purpose. Copyright 2011 ACP Int'l Holdings Ltd.