Chang Type was formally listed in TSE market on the 19th of March 2003. The new Website was also launched. This is the new ERA for Chang Type and we wish the company makes a major breakthrough from now.

Since established in 1989, Chang Type is dedicated to the R&D and manufacturing of power tools. From the key components, motors and IC control boards, to the power tools themselves, miter saw, radial arm saw, band saw and scroll saw, Chang Type is highly valued by its customers. The continuous orders from its customers push the business growing. Through our OEM/ODM brands, such as Ryobi (the fastest growing brand globally), Craftsman (exclusive brand in Sears ), Black & Decker (Global No. 1 power tools manufacturer) and Dewalt (Top tier of Black & Decker power tools), the products are sold in the major retailing channels, such as Sears, Home Depot and Lowe. We have also expanded our capacity to Ho Li new Plant to meet the future demands from our valuable customers.

The productions in North America have been released to the Asia. The trend of the order transfer is getting clearer. Since Chang Type devotes to quality, efficiency, cost and innovation and tries its best to meet its customer demands, Chang Type is going to benefit from this trend of order release.

Meanwhile, Chang Type will keep expanding to other area in power tools. Besides the main product ?miter saw, Chang Type has been cooperating with the clients to develop many new products. It is believed that these new products will drive future growth.

Despite the economy is depressed, the North American DIY market still grows steadily. In 2002, Chang Type sales turnover exceeded NTD1.5 billions. EPS in the recent 5 years kept at least NTD 2 and ROE were also above 19th. All the financial numbers proves that Chang Type has been operating reliably and soundly.

Chang Type will stick to its principal business and keep abreast of international movement.

Most importantly, Chang Type highly value the importance of the financial information disclosed to the market. We will focus on our long-term target to create more profits for our shareholders.