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<SEC-DOCUMENT>0000950103-05-001314.txt : 20050429
<SEC-HEADER>0000950103-05-001314.hdr.sgml : 20050429
<ACCEPTANCE-DATETIME>20050429082902
ACCESSION NUMBER:		0000950103-05-001314
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050428
FILED AS OF DATE:		20050429
DATE AS OF CHANGE:		20050429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVANCED SEMICONDUCTOR ENGINEERING INC
		CENTRAL INDEX KEY:			0001122411
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16125
		FILM NUMBER:		05782684

	BUSINESS ADDRESS:	
		STREET 1:		26 CHIN THIRD ROAD
		STREET 2:		NANTZE EXPORT PROCESSING ZONE
		CITY:			KAOHSIUNG TAIWAN
		STATE:			F5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		26 CHIN THIRD ROAD
		STREET 2:		NANTZE EXPORT PROCESSING ZONE
		CITY:			KAOHSIUNG TAIWAN
		STATE:			F5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>apr2805_6k.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>
</TITLE>
</HEAD>
<body leftmargin="50p" marginwidth="50p">
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>FORM
  6-K<BR>
  SECURITIES AND EXCHANGE COMMISSION<BR>
  <FONT SIZE="2">Washington, D.C. 20549</FONT></B></FONT></FONT> </P>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Report
  of Foreign Private Issuer</B></FONT></P>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Pursuant
  to Rule 13a-16 or 15d-16<BR>
  of the Securities Exchange Act of 1934</B></FONT></P>
<!-- MARKER FORMAT-SHEET="Part 2" -->
<blockquote>
  <blockquote>
    <blockquote>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">April
          29,
          2005 </FONT></p>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Commission
           File Number&nbsp;001-16125 </FONT></p>
    </blockquote>
  </blockquote>
</blockquote>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>Advanced
  Semiconductor Engineering, Inc.</B><BR>
  <FONT SIZE="2">(Exact name of Registrant as specified in its charter)
  </FONT></FONT></P>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
  26 Chin Third Road<BR>
  Nantze Export Processing Zone<BR>
  Kaoshiung, Taiwan<BR>
  Republic of China <BR>
  (Address of principal executive offices) </FONT></P>
<blockquote>
  <blockquote>
    <blockquote>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Indicate
        by check mark whether the registrant files or will file annual
        reports under cover of Form 20-F or Form 40-F.</FONT> </p>
    </blockquote>
  </blockquote>
</blockquote>
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR>
    <TD WIDTH="40%" ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Form
      20-F&nbsp;&nbsp;<U>&nbsp;&nbsp;X&nbsp;&nbsp;</U></FONT></TD>
    <TD WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
    <TD WIDTH="40%" ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Form
      40-F&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
  </TR>
</TABLE>
<blockquote>
  <blockquote>
    <blockquote>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Indicate
        by check mark if the registrant is submitting the Form 6-K
        in paper as permitted by Regulation S-T Rule 101(b)(1): ______</FONT>
      </p>
    </blockquote>
  </blockquote>
</blockquote>
<blockquote>
  <blockquote>
    <blockquote>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Note:</B>
        Regulation S-T Rule 101(b)(1) only permits the submission in
        paper of a Form 6-K if submitted solely to provide an attached
        annual report to security holders.</FONT> </p>
    </blockquote>
  </blockquote>
</blockquote>
<blockquote>
  <blockquote>
    <blockquote>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Indicate
        by check mark if the registrant is submitting the Form 6-K
        in paper as permitted by Regulation S-T Rule 101(b)(7): ______</FONT>
      </p>

    </blockquote>
  </blockquote>
</blockquote>
<br>
<br>
      <hr size=3 color=GRAY noshade>
      <!-- *************************************************************************** -->
      <!-- MARKER PAGE="sheet: 1; page: 1" -->
      <br>
      <br>

      <blockquote>
        <blockquote>
          <blockquote>

      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Note:</b>
  Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form
  6-K if submitted to furnish a report or other document that the registrant foreign
        private issuer must furnish and make public under the laws of the jurisdiction
        in which the registrant is incorporated, domiciled or legally organized
        (the registrant&#146;s &#147;home country&#148;), or under the rules of
        the home country exchange on which the registrant&#146;s securities are
        traded, as long as the report or other document is not a press release,
        is not required to be and has not been distributed to the registrant&#146;s
        security holders, and, if discussing a material event, has already been
        the subject of a Form 6-K submission or other Commission filing on EDGAR.</FONT>
      </p>
          </blockquote>

  </blockquote>
      </blockquote>
      <blockquote>
  <blockquote>
    <blockquote>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Indicate
        by check mark whether by furnishing the information contained
        in this Form, the registrant is also thereby furnishing the
        information to the Commission pursuant to Rule 12g3-2(b) under
        the Securities Exchange Act of 1934.</FONT> </p>
    </blockquote>
  </blockquote>
</blockquote>
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR>
    <TD WIDTH="40%" ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Yes&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
    <TD WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
    <TD WIDTH="40%" ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">No&nbsp;&nbsp;<U>&nbsp;&nbsp;X&nbsp;&nbsp;</U></FONT></TD>
  </TR>
</TABLE>
<blockquote>
  <blockquote>
    <blockquote>
      <p align="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">If
        &#147;Yes&#148; is marked, indicate below the file number assigned
        to the registrant in connection with Rule 12g3-2(b): <U><BR>
      Not applicable</U></FONT></FONT> </p>
    </blockquote>
  </blockquote>
</blockquote>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Signatures
  </B></FONT></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant
  has duly caused this report to be signed on its behalf by the undersigned,
  thereunto duly authorized.</FONT> </P>
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
    <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
    <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ADVANCED
      SEMICONDUCTOR<BR>
    ENGINEERING, INC. </B></FONT></TD>
  </TR>
</TABLE>
<BR>
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
    <TD WIDTH="50%" align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date:
      April 29, 2005 </FONT></TD>
    <TD WIDTH="7%" align="right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:
      </FONT></TD>
    <TD WIDTH="1%">&nbsp;</TD>
    <TD WIDTH="42%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
      /s/ Joseph Tung</FONT></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD WIDTH="1%">&nbsp;</TD>
    <TD WIDTH="42%"><hr align="left" width="50%" size=1 noshade color=GRAY></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
    <TD WIDTH="7%" align="right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name:<BR>
      Title:</FONT></TD>
    <TD WIDTH="1%">&nbsp;</TD>
    <TD WIDTH="42%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Joseph
      Tung<BR>
    Chief Financial Officer </FONT></TD>
  </TR>
</TABLE>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<DIV ALIGN=RIGHT><FONT size="2" face="Arial, Helvetica, sans-serif"><b>ITEM 1<br>
</b></FONT><br>
</DIV>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%" nowrap><b><font face="sans-serif">Advanced Semiconductor Engineering,
    Inc.</font></b></td>
    <td width="50%" align="right"><img src="logo.jpg" width="61" height="60"></td>
  </tr>
</table>
<P> <BR>
</P>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width=48% align=left> <B><I><FONT size=2 face="sans-serif">FOR IMMEDIATE
            RELEASE</FONT></I></B> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> <B><FONT size=2 face="sans-serif">Contact:</FONT></B> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> <B><FONT size=2 face="sans-serif">ASE, Inc.</FONT></B> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> <B><FONT size=2 face="sans-serif">Joseph Tung</FONT></B><FONT size=2 face="sans-serif">,
        CFO / Vice President</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> <B><FONT size=2 face="sans-serif">Freddie Liu</FONT></B><FONT size=2 face="sans-serif">,
        Financial Controller</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> <FONT size=2 face="sans-serif">Room 1901, No. 333,
        Section 1</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> <FONT size=2 face="sans-serif">ir@aseglobal.com</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> <FONT size=2 face="sans-serif">Keelung Road, Taipei,
        Taiwan, 110</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> <B><FONT size=2 face="sans-serif">Clare Lin</FONT></B><FONT size=2 face="sans-serif">,
        Director (US Contact)</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> <FONT size=2 face="sans-serif">Tel: + 886.2.8780.5489</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> <FONT size=2 face="sans-serif">clare.lin@aseus.com</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> <FONT size=2 face="sans-serif">Fax: + 886.2.2757.6121</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> <FONT size=2 face="sans-serif">Tel: + 1.408.986.6524</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD width=48% align=left> <U><FONT color="#0000ff" size=2 face="sans-serif">http://www.aseglobal.com</FONT></U> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=49% align=left> </TD>
  </TR>
</TABLE>
<BR>
<P ALIGN="CENTER"> <B><FONT size=2 face="sans-serif">ADVANCED SEMICONDUCTOR ENGINEERING,
      INC. REPORTS CONSOLIDATED <BR>
  YEAR 2005 FIRST-QUARTER FINANCIAL RESULTS</FONT></B></P>
<P> <FONT size=2 face="sans-serif">Taipei, Taiwan, R.O.C.,</FONT><SUP><FONT size=2 face="sans-serif"> </FONT></SUP><FONT size=2 face="sans-serif">April
    28, 2005 &#150; Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE:
    ASX) (&#147;We&#148;, ASE&#148;, or the &#147;Company&#148;), the world&#146;s
    largest independent provider of IC packaging and testing services, today
    reported unaudited consolidated net revenues </FONT><SUP><FONT size=2 face="sans-serif">1</FONT></SUP><FONT size=2
face="sans-serif"> of NT$18,569 million for the first quarter of 2005 (1Q05),
    up 8% year-over-year and down 16% sequentially. Net loss for the quarter
    totaled NT$128 million, down from net income of NT$1,637 million in 1Q04
    and up from net loss of NT$1,407 million in 4Q04 (or down from net income
    of NT$636 million for 4Q04, excluding the impact of one-time impairment charge
    recorded at the end of 4Q04). Loss per share for the quarter was NT$0.03
    (or US$0.005, per ADS), compared to EPS of NT$0.42 for 1Q04 and loss per
    share of NT$0.36 for 4Q04 (or pro forma EPS of NT$0.16 excluding the impact
    of one-time impairment charge). </FONT></P>
<P> <FONT size=2 face="sans-serif">&#147;As we are entering a challenging year,
    we believe 2005 will be a year for us to stay focused on fundamentals including
    improving operational efficiencies, enhancing quality systems, making prudent
    investment and refining pricing strategies. It&#146;s about execution --
    doing the same things better than our competitors in order to benefit from
    the secular ramp-up expected to start in third quarter,&#148; commented Mr.
    Jason Chang, the Chairman. </FONT></P>
<P> <FONT size=2 face="sans-serif">&#147;Among the on-going investment in technology
    advancement and high-end capacity, we will put more focus in the capacity
    expansion and yield improvement for our material business, with the migration
    into flip chip packaging gaining momentum.&#148;</FONT></P>
<P><B><FONT size=2 face="sans-serif">RESULTS OF OPERATIONS</FONT></B></P>
<P><B><U><FONT size=2 face="sans-serif">1Q05 Results</FONT></U></B></P>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Net revenues amounted to NT$18,569 million,
        down 16% sequentially and up 8% year-over-year. The revenue contribution
        from IC packaging operations, testing operations, module assembly, and
        others were NT$12,755 million, NT$3,693 million, NT$1,925 million and
        NT$196 million, respectively.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">IC packaging, testing and module represent
        approximately 69%, 20% and 10% of net</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp;</TD>
  </TR>
</TABLE>
<HR NOSHADE COLOR="#000000" SIZE="1">
<SUP><FONT size=1 face="sans-serif">1</FONT></SUP><FONT size=1 face="sans-serif"> All
financial information presented in this press release is unaudited, consolidated
and prepared in accordance with generally accepted accounting principles in the
Republic of China, or ROC GAAP. Such financial information is generated internally
by us, and has not been subjected to the same review and scrutiny, including
internal auditing procedures and review by independent auditors, to which we
subject our audited consolidated financial statements, and may vary materially
from the audited consolidated financial information for the same period. Any
evaluation of the financial information presented in this press release should
also take into account our published audited consolidated financial statements
and the notes to those statements. In addition, the financial information presented
is not necessarily indicative of our results for any future period.</FONT>
<P ALIGN="CENTER"><FONT SIZE="2" FACE="sans-serif">1</FONT></P>
<FONT SIZE="2">
<div align=right><FONT FACE="sans-serif">April 28, 2005</FONT></DIV>
</FONT> <BR>
<HR WIDTH="100%" SIZE=3 NOSHADE>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%" nowrap><b><font face="sans-serif">Advanced Semiconductor
          Engineering, Inc.</font></b></td>
    <td width="50%" align="right"><img src="logo.jpg" width="61" height="60"></td>
  </tr>
</table>
<P> <BR>
</P>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">revenues for the quarter.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">Cost of revenues was NT$16,681
        million, down 10% sequentially and up 24% year-over-year.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="3%" valign=top nowrap> <FONT size=2 face="sans-serif">-</FONT></TD>
    <TD> <FONT size=2 face="sans-serif">As a percentage of net revenues, cost
        of revenues was 90% in 1Q05, up from 84% in 4Q04 and 78% in 1Q04.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="3%" valign=top nowrap> <FONT size=2 face="sans-serif">-</FONT></TD>
    <TD> <FONT size=2 face="sans-serif">Raw material costs as a percentage of
        net revenues increased to 35%, four percentage points higher than 4Q04
        due to unfavorable foreign exchange rates and an increase in higher-material-content
        flip chip business as a percentage of total packaging revenues.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="3%" valign=top nowrap> <FONT size=2 face="sans-serif">-</FONT></TD>
    <TD> <FONT size=2 face="sans-serif">Depreciation expense totaled NT$3,779
        million during the quarter, up 3% sequentially and 18% year-over-year,
        due to increased depreciable basis as a result of past capital expenditures.
        As a percentage of net revenues, depreciation expense was 20% during
        the quarter, up from 17% in 4Q04 and 19% in 1Q04.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">Gross profit for 1Q05 was NT$1,888
        million, down 47% from NT$3,592 million in 4Q04 and down 50% from NT$3,769
        million in 1Q04. Gross margin was 10% for the quarter, which decreased
        from 16% in the previous quarter and decreased from 22% in 1Q04.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">Total operating expenses during
        1Q05 were NT$2,054 million including NT$675 million in R&amp;D and NT$1,379
        million in SG&amp;A. Total operating expenses as a percentage of net
        revenues for the current quarter remained at 11%, no changes from 4Q04
        and 1Q04.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">Operating loss for 1Q05 was
        NT$166 million, compared to income of NT$1,258 million and NT$1,813 million
        for 4Q04 and 1Q04, respectively. Operating margin was (1%) in 1Q05, which
        declined from 6% in 4Q04 and 11% in 1Q04 due to gross margin decline.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">We recorded net non-operating
        expenses of NT$342 million in 1Q05, which decreased by NT$2,955 million
        sequentially, and increased by NT$97 million or 40% year-over-year.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="3%" valign=top nowrap> <FONT size=2 face="sans-serif">-</FONT></TD>
    <TD> <FONT size=2 face="sans-serif">Net interest expense increase was mainly
        due to increased debt outstanding balance.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="3%" valign=top nowrap> <FONT size=2 face="sans-serif">-</FONT></TD>
    <TD> <FONT size=2 face="sans-serif">As a result of relative weakness of the
        US Dollar, we recognized a net exchange gain from our debt denominated
        in the US Dollar.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="3%" valign=top nowrap> <FONT size=2 face="sans-serif">-</FONT></TD>
    <TD> <FONT size=2 face="sans-serif">Gain on long-term investment was NT$22
        million, consisting of NT$49 million investment income from minority-owned
        affiliates, NT$27 million of goodwill amortization related to such minority-owned
        affiliates. The NT$49 million investment income from minority-owned affiliates
        included NT$2 million of investment loss from Universal Scientific Industrial
        Co. ("USI"), NT$8 million of investment loss from Hung Ching Construction,
        NT$2 million of investment income from Hung Ching Kwan Co., NT$62 million
        of one-time investment gain from Inprocomm, Inc.&#146;s (&#147;IPCM&#148;)
        sale of its intellectual property (as a step toward dissolution), and
        NT$5 million of investment loss from other invested companies.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="3%" valign=top nowrap> <FONT size=2 face="sans-serif">-</FONT></TD>
    <TD> <FONT size=2 face="sans-serif">Other expenses increased by NT$91 million
        during the current quarter mainly due to a raw material write-down.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">Loss before tax was NT$508
        million for 1Q05. We recognized an income tax benefit of NT$146 million
        during the quarter. Minority interest adjustment was NT$234 million.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">In 1Q05, net loss was NT$128
        million, compared to net loss of NT$1,407 million for 4Q04 (or net income
        of NT$636 million, excluding the impact of one-time impairment charge
        recorded) and net income of NT$1,637 for 1Q04.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD colspan=2> <FONT size=2 face="sans-serif">Our total shares outstanding
        at the end of the quarter were 3,943,779,550. Our loss per share for
        the first quarter of 2005 was NT$0.03, or US$0.005 per ADS, based on
        3,943,779,550 weighted average number of shares outstanding during the
        first quarter.</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp;</TD>
  </TR>
</TABLE>
<B><FONT size=2 face="sans-serif">LIQUIDITY AND CAPITAL RESOURCES</FONT></B>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%" valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Capital expenditures in 1Q05 totaled
        US$40 million, of which US$22 million was for IC packaging, US$0.4 million
        for module assembly, US$12 million for testing and US$6 million for interconnect
        materials.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">EBITDA for the quarter totaled NT$3,940
        million, down 28% year-over-year and down 24% sequentially.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">As of the end of 1Q05, we had cash on
        hand plus short-term investment of NT$10,664 million, which increased
        by NT$1,495 million from the end of 4Q04.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">As of the end of 1Q05, we had total bank
        debt of NT$56,862 million, consisting of NT$6,607 million of revolving
        working capital loans, NT$3,511 million of current portion of long-term
        debt, NT$37,323 million of long-term debt and NT$9,421 million of long-term
        bonds payable.</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp;</TD>
  </TR>
</TABLE>
<FONT SIZE="2" FACE="sans-serif">
<div align=center>2</DIV>
</FONT>
<P><FONT SIZE="2" FACE="sans-serif"> </FONT>
<FONT SIZE="2">
<div align="right"><FONT FACE="sans-serif"> April 28, 2005</FONT></DIV>
</FONT>
<P></P>
<BR>
<BR>
<HR WIDTH="100%" SIZE=3 NOSHADE>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%" nowrap><b><font face="sans-serif">Advanced Semiconductor
          Engineering, Inc.</font></b></td>
    <td width="50%" align="right"><img src="logo.jpg" width="61" height="60"></td>
  </tr>
</table>
<BR>
<BR>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD> <FONT size=2 face="sans-serif">Total unused banking facilities were
        NT$20,480 million.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Total number of employees was 31,729
        as of March 31, 2005.</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp;</TD>
  </TR>
</TABLE>
<B><FONT size=2 face="sans-serif">BUSINESS REVIEW </FONT></B><BR>
<BR>
<B><U><FONT size=2 face="sans-serif">IC Packaging Services<BR>
<BR>
</FONT></U></B>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Revenues generated from our IC packaging
        operations were NT$12,755 million during the quarter, down NT$1,940 million
        or 13% sequentially and up NT$976 million or 8% year-over-year. On a
        sequential basis, the decrease in packaging revenue was primarily due
        to volume decrease.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Revenues from advanced substrate and
        leadframe-based packaging accounted for 88% of total IC packaging revenues
        during the quarter consistent with 4Q04 and up from 85% in 1Q04. Flip
        chip revenues grew 13% sequentially, increasing its weight in total packaging
        revenues.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Gross margin for our IC packaging operations
        was 10%, down 5 percentage points sequentially and down 11 percentage
        points year-over-year. The sequential decrease in gross margin was mainly
        due to increased raw material costs and unfavorable foreign exchange
        rates during the quarter.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Capital expenditure for our IC packaging
        operations amounted to US$22 million during the quarter, of which US$13
        million was for wirebonding packaging capacity, and US$9 million was
        for wafer bumping and flip chip packaging equipment.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">As of March 31, 2005, there were 6,672
        wirebonders in operation, of which 12 wirebonders were added during the
        quarter.</FONT> </TD>
  </TR>
</TABLE>
<P><B><U><FONT size=2 face="sans-serif">Testing Services </FONT></U></B> </P>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Revenues generated from our testing operations
        were NT$3,693 million, down NT$664 million or 15% sequentially and up
        NT$274 million or 8% year-over-year, mainly due to volume decreases.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Final testing contributed 78% to total
        testing revenues, up by 2 percentage points from the previous quarter.
        Wafer sort contributed 17% to total testing revenues, down by 4 percentage
        points from the previous quarter. Engineering testing contributed 5%
        to total testing revenues, up by 2 percentage points from the previous
        quarter.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">1Q05 gross margin for our testing operations
        was 10%, down by 13 percentage points sequentially and down by 15 percentage
        points year-over-year. The decrease in gross margin was mainly due to
        higher equipment rental, depreciation expenses and unfavorable foreign
        exchange rates.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Capital spending on our testing operations
        amounted to US$12 million during the quarter.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">As of March 31, 2005, we operated a total
        of 1,493 testers, of which 23 testers were added during the quarter.</FONT> </TD>
  </TR>
</TABLE>
<P><B><U><FONT size=2 face="sans-serif">Module Assembly Services</FONT></U></B></P>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Revenues generated from our module assembly
        operations were NT$1,925 million, down NT$991 million or 34% sequentially,
        and down NT$41 million or 2% year-over-year mainly due to volume changes.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Camera module assembly revenue accounted
        for 55% of the total module assembly revenues, while RF and baseband
        module assembly accounted for 45%. The revenue breakdown by module type
        remained relatively consistent from the previous quarter.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">The decrease in gross margin from 13%
        in the previous quarter to 11% in the current quarter was primarily attributed
        to the decrease in sales volume.</FONT> </TD>
  </TR>
</TABLE>
<P><B><U><FONT size=2 face="sans-serif">Interconnect Materials</FONT></U></B></P>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">ASE completed the merger with ASE Material
        on August 1, 2004. The materials output manufactured by ASE was about
        NT$1,600 million for the quarter, down by NT$543 million or 25% sequentially
        and by NT$214 million or 12% year-over-year. Gross margin for</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp;</TD>
  </TR>
</TABLE>
<P>
<FONT size=2 face="sans-serif">
<div align=center>3</DIV>
<div align=right>April 28, 2005</DIV>
<BR>
<BR>
</FONT>
<P></P>
<HR WIDTH="100%" SIZE=3 NOSHADE>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%" nowrap><b><font face="sans-serif">Advanced Semiconductor
          Engineering, Inc.</font></b></td>
    <td width="50%" align="right"><img src="logo.jpg" width="61" height="60"></td>
  </tr>
</table>
<BR>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width=5% align=left>&nbsp;</TD>
    <TD align=left> <FONT size=2 face="sans-serif">material was 0% during the
        quarter, which decreased from 8% in 4Q04 and 22% in 1Q04 due to a decline
        in production volume and unfavorable foreign exchange rates during the
        current quarter. Certain startup costs in China operations were also
        incurred. In 1Q05, ASE Material supplied 33% (by value) of our total
        PBGA substrate requirements.</FONT></TD>
  </TR>
</TABLE>
<P><B><U><FONT size=2 face="sans-serif">Customers</FONT></U></B></P>
<TABLE WIDTH="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Our five largest customers together accounted
        for approximately 35% of our net revenues in 1Q05, decreased slightly
        from 36% in 4Q04 and constant from in 1Q04. Only one customer accounted
        for more than 10% of our total revenues.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Our top 10 customers contributed 51%
        of our net revenues during the quarter, decreased from 53% in 4Q04 and
        constant from 1Q04.</FONT> </TD>
  </TR>
  <TR>
    <TD WIDTH="5%" valign=top nowrap><li></li></TD>
    <TD> <FONT size=2 face="sans-serif">Our customers that are integrated device
        manufacturers, or IDMs, accounted for 52% of our revenues in 1Q05, compared
        to 51% in 4Q04 and 48% in 1Q04.</FONT> </TD>
  </TR>
</TABLE>
<P><B><I><U><FONT size=2 face="sans-serif">About ASE, Inc.</FONT></U></I></B></P>
<P> <I><FONT size=2 face="sans-serif">ASE, Inc. is the world's largest independent
      provider of IC packaging services and, together with its subsidiary ASE
      Test Limited (Nasdaq: ASTSF), the world's largest independent provider
      of IC testing services, including front-end engineering testing, wafer
      probing and final testing services. ASE, Inc.&#146;s international customer
      base of more than 200 customers include such leading names as ATI Technologies
      Inc., IBM Corporation, Freescale Semiconductor, Inc., NVIDIA Corporation,
      Koninklijke Philips Electronics N.V., Qualcomm Incorporated, STMicroelectronics
      N.V. and VIA Technologies, Inc. With advanced technological capabilities
      and a global presence spanning Taiwan, Korea, Japan, Singapore, Malaysia
      and the United States, ASE, Inc. has established a reputation for reliable,
      high quality products and services. For more information, visit our website
      at http://www.aseglobal.com. </FONT></I></P>
<B><FONT size=2 face="sans-serif">Safe Harbor Notice</FONT></B>
<P> <FONT size=2 face="sans-serif">This press release contains "forward-looking
    statements" within the meaning of Section 27A of the Securities Act of 1933,
    as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
    Although these forward-looking statements, which may include statements regarding
    our future results of operations, financial condition or business prospects,
    are based on our own information and information from other sources we believe
    to be reliable, you should not place undue reliance on these forward-looking
    statements, which apply only as of the date of this press release. The words &#147;anticipate&#148;, &#147;believe&#148;, &#147;estimate&#148;, &#147;expect&#148;, &#147;intend&#148;, &#147;plan&#148; and
    similar expressions, as they relate to us, are intended to identify these
    forward-looking statements in this press release. Our actual results of operations,
    financial condition or business prospects may differ materially from those
    expressed or implied in these forward-looking statements for a variety of
    reasons, including risks associated with cyclicality and market conditions
    in the semiconductor industry; demand for the outsourced semiconductor packaging
    and testing services we offer and for such outsourced services generally;
    the highly competitive semiconductor industry; our ability to introduce new
    packaging, interconnect materials and testing technologies in order to remain
    competitive; our ability to successfully integrate pending and future mergers
    and acquisitions; international business activities; our business strategy;
    general economic and political conditions; possible disruptions in commercial
    activities caused by natural or human-induced disasters, including terrorist
    activity and armed conflict; our future expansion plans and capital expenditures;
    the strained relationship between the Republic of China and the People&#146;s
    Republic of China; fluctuations in foreign currency exchange rates; and other
    factors. For a discussion of these risks and other factors, please see the
    documents we file from time to time with the Securities and Exchange Commission,
    including our 2003 Annual Report on Form 20-F filed on June 30, 2004. </FONT></P>
<FONT SIZE="2" FACE="sans-serif">
<div align=center>4 </DIV>
</FONT> <FONT SIZE="2">
<div align=right><FONT FACE="sans-serif">April 28, 2005</FONT></DIV>
</FONT> <BR>
<BR>
<HR WIDTH="100%" SIZE=3 NOSHADE>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P ALIGN="CENTER"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="sans-serif">Supplemental
      Financial Information </FONT></B></P>
<BLOCKQUOTE>
  <BLOCKQUOTE>
    <P><B><FONT size=2 face="sans-serif">Consolidated Operations </FONT></B></P>
  </BLOCKQUOTE>
</BLOCKQUOTE>
<TABLE WIDTH="80%" border=1 ALIGN="CENTER" cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Amounts in NT$ Millions</FONT> </TD>
    <TD width=17% align=CENTER> <FONT size=2 face="sans-serif">1Q/05</FONT> </TD>
    <TD width=17% align=CENTER> <FONT size=2 face="sans-serif">4Q/04</FONT> </TD>
    <TD width=17% align=CENTER> <FONT size=2 face="sans-serif">1Q/04</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT COLOR="#FFFFFF" size=2 face="sans-serif">Net
          Revenues</FONT></B> <FONT COLOR="#FFFFFF"><B></B> </FONT></TD>
    <TD width=17% align=right VALIGN="TOP"> <FONT size=2 face="sans-serif">18,569</FONT> </TD>
    <TD width=17% align=right VALIGN="TOP"> <FONT size=2 face="sans-serif">22,202</FONT> </TD>
    <TD width=17% align=right VALIGN="TOP"> <FONT size=2 face="sans-serif">17,221</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"><FONT COLOR="#FFFFFF"><B><FONT SIZE=2 FACE="sans-serif">Revenues
            by End Application</FONT></B> </FONT></TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Communication</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">40%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">42%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">39%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Computer</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">31%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">30%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">34%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Automotive and Consumers</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">26%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">25%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">25%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">2%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT COLOR="#FFFFFF" size=2 face="sans-serif">Revenues
          by Region</FONT></B> </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">North America</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">56%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">56%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">60%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Europe</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">10%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">8%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">9%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Taiwan</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">20%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">21%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">24%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Japan</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">11%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">10%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Other Asia</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">5%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">4%</FONT> </TD>
  </TR>
</TABLE>
<BR>
<BLOCKQUOTE>
  <BLOCKQUOTE>
    <P> <B><FONT size=2 face="sans-serif">IC Packaging Services </FONT></B></P>
  </BLOCKQUOTE>
</BLOCKQUOTE>
<TABLE WIDTH="80%" border=1 ALIGN="CENTER" cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Amounts in NT$ Millions</FONT> </TD>
    <TD width=17% align=CENTER> <FONT size=2 face="sans-serif">1Q/05</FONT> </TD>
    <TD width=17% align=CENTER> <FONT size=2 face="sans-serif">4Q/04</FONT> </TD>
    <TD width=17% align=CENTER> <FONT size=2 face="sans-serif">1Q/04</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT COLOR="#FFFFFF" size=2 face="sans-serif">Net
          Revenues</FONT></B> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">12,755</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">14,695</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">11,779</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT color="#FFFFFF" size=2 face="sans-serif">Revenues
          by End Application</FONT></B> </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Communication</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">31</FONT><FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">30</FONT><FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD WIDTH="17%" align=right> <FONT size=2 face="sans-serif">29</FONT> <FONT size=2 face="sans-serif">%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Computer</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">38</FONT><FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">39</FONT><FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD WIDTH="17%" align=right> <FONT size=2 face="sans-serif">43</FONT> <FONT size=2 face="sans-serif">%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Automotive and Consumers</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">27</FONT><FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">29</FONT><FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD WIDTH="17%" align=right> <FONT size=2 face="sans-serif">26</FONT> <FONT size=2 face="sans-serif">%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">3</FONT> <FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">2</FONT><FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD WIDTH="17%" align=right> <FONT size=2 face="sans-serif">2</FONT> <FONT size=2 face="sans-serif">%</FONT> </TD>
  </TR>
  <TR valign="bottom"> </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"><B><FONT COLOR="#FFFFFF" SIZE="2" FACE="sans-serif">Revenues
          by Packaging Type</FONT></B></TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD WIDTH="17%" align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Advanced substrate &amp;</FONT> <FONT size=2 face="sans-serif">leadframe
        based</FONT> </TD>
    <TD align=right> <FONT size=2 face="sans-serif">88</FONT> <FONT size=2 face="sans-serif">%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">88%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">85%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Traditional leadframe
        based</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">8%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">8%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">9%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">4%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">4%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">6%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT COLOR="#FFFFFF" size=2 face="sans-serif">Capacity</FONT></B> </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">CapEx (US$ Millions)
        *</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">22</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">83</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">60</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Number of Wirebonders</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">6,672</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">6,684</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">5,553</FONT> </TD>
  </TR>
</TABLE>
<BR>
<BLOCKQUOTE>
  <BLOCKQUOTE>
    <P> <B><FONT size=2 face="sans-serif">Testing Services </FONT></B></P>
  </BLOCKQUOTE>
</BLOCKQUOTE>
<TABLE WIDTH="80%" border=1 ALIGN="CENTER" cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Amounts in NT$ Millions</FONT> </TD>
    <TD width=17% align=CENTER><FONT SIZE=2 FACE="sans-serif">1Q/05</FONT> </TD>
    <TD width=17% align=CENTER> <FONT SIZE=2 FACE="sans-serif">4Q/04</FONT> </TD>
    <TD width=17% align=CENTER> <FONT SIZE=2 FACE="sans-serif">1Q/04</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT COLOR="#FFFFFF" size=2 face="sans-serif">Net
          Revenues</FONT></B> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3,693</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">4,357</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3,419</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT color="#FFFFFF" size=2 face="sans-serif">Revenues
          by End Application</FONT></B> </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Communication</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">40%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">43%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">39%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Computer</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">21%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">20%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">21%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Automotive and Consumers</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">36%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">31%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">34%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">6%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">6%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT COLOR="#FFFFFF" size=2 face="sans-serif">Revenues
          by Testing Type</FONT></B> </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Final test</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">78%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">76%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">77%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Wafer sort</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">17%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">21%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">20%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Engineering test</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">5%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3%</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">3%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left BGCOLOR="#000080"> <B><FONT COLOR="#FFFFFF" size=2 face="sans-serif">Capacity</FONT></B> </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
    <TD width=17% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">CapEx (US$ Millions) *</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">12</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">28</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">59</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Number of Testers</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">1,493</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">1,515</FONT> </TD>
    <TD width=17% align=right> <FONT size=2 face="sans-serif">1,288</FONT> </TD>
  </TR>
</TABLE>
<BLOCKQUOTE>
  <BLOCKQUOTE> <FONT size=1 face="sans-serif">* Capital expenditure amounts exclude
      building construction cost. </FONT> </BLOCKQUOTE>
</BLOCKQUOTE>
<FONT SIZE="2" FACE="sans-serif">
<div align=center>5 </DIV>
</FONT><FONT SIZE="2"> </FONT>
<P>
<FONT SIZE="2">
<div align=right><FONT FACE="sans-serif"> April 28, 2005</FONT></DIV>
</FONT>
<P></P>
<BR>
<BR>
<HR WIDTH="100%" SIZE=3 NOSHADE>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P align="center"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="sans-serif">Advanced
      Semiconductor Engineering, Inc. </FONT></B></P>
<P align="center"><B><FONT size=2 face="sans-serif">Consolidated Summary Income
      Statements Data </FONT></B></P>
<P align="center"><B><FONT size=2 face="sans-serif">(In NT$ millions, except
      per share data)</FONT></B></P>
<P align="center"><B><FONT size=2 face="sans-serif"> (Unaudited) </FONT></B></P>
<BR>
<TABLE WIDTH="80%" border=0 ALIGN="CENTER" cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD COLSPAN="5" align=CENTER  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">For
        the three months ended</FONT> </TD>
    <TD align=left></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD WIDTH="12%" align=CENTER BORDERCOLOR="#000000"  STYLE="border-bottom:1px solid;"><FONT SIZE=2 FACE="sans-serif">Mar.
        31<BR>
      2005</FONT></TD>
    <TD align=CENTER></TD>
    <TD align=CENTER  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT SIZE=2 FACE="sans-serif">Dec.
        31<BR>
      2004</FONT> </TD>
    <TD align=CENTER></TD>
    <TD align=CENTER  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT SIZE=2 FACE="sans-serif">Mar.
        31<BR>
      2004</FONT> </TD>
    <TD align=left></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD WIDTH="12%" align=left></TD>
    <TD align=left></TD>
    <TD align=left></TD>
    <TD align=left></TD>
    <TD align=left></TD>
    <TD align=left></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Net revenues:</FONT> </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">IC Packaging</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">12,755</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">14,695</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">11,779</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Testing</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">3,693</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">4,357</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">3,419</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;<FONT size=2 face="sans-serif">&nbsp;Module Assembly</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">1,925</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">2,916</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">1,966</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">196</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">211</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">57</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Total net revenues</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">18,569</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">22,179</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">17,221</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Cost of revenues</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">16,681</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">18,587</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">13,452</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Gross Profit</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,888</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">3,592</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">3,769</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Operating expenses:</FONT> </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;<FONT size=2 face="sans-serif">&nbsp;Research and development</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">675</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">730</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">584</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;<FONT size=2 face="sans-serif">&nbsp;Selling, general
        and administrative</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,379</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,604</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,372</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Total operating
        expenses</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">2,054</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">2,334</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,956</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Operating income (loss)</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(166</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,258</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,813</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Net non-operating (income)
        expenses:</FONT> </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Interest expenses
        - net</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">294</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">224</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">225</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Foreign exchange
        loss (gain) - net</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">(14</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">270</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">(82</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Loss on long-term
        investment</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">(22</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">327</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">35</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Loss (gain) on
        disposal of assets</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">4</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">25</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">40</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Goodwill impairment</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">-</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">2,462</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">-</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">80</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(11</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">27</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Total non-operating
        expenses</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">342</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">3,297</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">245</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Income (loss) before tax</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(508</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(2,039</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,568</FONT> </TD>
    <TD width=2% align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Income tax expense (benefit)</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(146</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(210</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(273</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Net income (loss) before minority
        interest</FONT> </TD>
    <TD width=12% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(362</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">(1,829</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">1,841</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Minority interest</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">(234</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">(422</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">204</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Net income (loss)</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">(128</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">(1,407</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">1,637</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Per share data:</FONT> </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Earnings (loss) per common
        share</FONT> </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <FONT size=2 face="sans-serif">&#150; Basic </FONT> </TD>
    <TD width=12% align=right><FONT SIZE=2 FACE="sans-serif">NT$(0.03</FONT></TD>
    <TD width=2% align=left><FONT SIZE=2 FACE="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">NT$</FONT> <FONT size=2 face="sans-serif">(0.36</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">NT$0.43</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right><FONT size=2 face="sans-serif">&#150; Diluted </FONT> </TD>
    <TD width=12% align=right><FONT SIZE=2 FACE="sans-serif">NT$(0.03</FONT></TD>
    <TD width=2% align=left><FONT SIZE=2 FACE="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif"> <FONT SIZE=2 FACE="sans-serif">NT$</FONT> (0.36</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">NT$0.42</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Earnings (loss) per pro forma
        equivalent ADS</FONT> </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <FONT size=2 face="sans-serif">&#150; Basic </FONT> </TD>
    <TD width=12% align=right><FONT SIZE=2 FACE="sans-serif">US$(0.005</FONT></TD>
    <TD width=2% align=left><FONT SIZE=2 FACE="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">US$(0.054</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">US$0.064</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <FONT size=2 face="sans-serif">&#150; Diluted </FONT></TD>
    <TD width=12% align=right><FONT SIZE=2 FACE="sans-serif">US$(0.005</FONT> </TD>
    <TD width=2% align=left><FONT SIZE=2 FACE="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif"> <FONT SIZE=2 FACE="sans-serif">US$</FONT> (0.054</FONT> </TD>
    <TD width=2% align=left> <FONT size=2 face="sans-serif">)</FONT> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">US$0.062</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Number of weighted average
        shares used in</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">3,943,780</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">3,932,108</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">4,073,582</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">diluted EPS calculation (in
        thousands)</FONT> </TD>
    <TD width=12% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=left> </TD>
    <TD width=2% align=left> </TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Forex (NT$ per US$1)</FONT> </TD>
    <TD width=12% align=right> <FONT size=2 face="sans-serif">31.54</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">33.08</FONT> </TD>
    <TD width=2% align=left> </TD>
    <TD width=10% align=right> <FONT size=2 face="sans-serif">33.49</FONT> </TD>
    <TD width=2% align=left> </TD>
  </TR>
</TABLE>
<BR>
<FONT SIZE="2" FACE="sans-serif">
<div align=center>6 </DIV>
</FONT> <FONT SIZE="2">
<div align=right><FONT FACE="sans-serif">April 28, 2005</FONT></DIV>
</FONT> <BR>
<BR>
<HR WIDTH="100%" SIZE=3 NOSHADE>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P align="center"> <B><FONT size=2 face="sans-serif">Advanced Semiconductor Engineering,
      Inc. Consolidated Summary Balance Sheet Data (In NT$ millions) (Unaudited) </FONT></B></P>
<P> <FONT size=2 face="sans-serif">As of Mar. 31, 2005</FONT><B><FONT size=2 face="sans-serif"> </FONT></B><FONT size=2 face="sans-serif">As
    of Dec. 31, 2004</FONT></P>
<TABLE WIDTH="80%" border=0 ALIGN="CENTER" cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Current assets:</FONT> </TD>
    <TD width=15% align=left> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Cash and cash
        equivalents</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">7,095</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">5,975</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Short-term investments</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">3,569</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">3,194</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Notes and accounts
        receivable</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">13,328</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">13,676</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Inventories</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">9,177</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">9,437</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">2,690</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">3,613</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Total</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">35,859</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">35,895</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Long-term investments</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">4,891</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">4,907</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Properties &#150; net</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">81,056</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">82,387</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Other assets</FONT> </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">11,471</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">10,762</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Total assets</FONT> </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">133,277</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">133,951</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Current liabilities:</FONT> </TD>
    <TD width=15% align=left> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Short-term debts &#150; revolving
        credit</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">6,607</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">4,642</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD colspan=2 align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Short-term
        debts &#150; current portion of long-term</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=left> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">debts</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">3,511</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">2,211</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Notes and accounts
        payable</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">7,117</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">7,900</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Others</FONT> </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">7,490</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">10,451</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> &nbsp;&nbsp;<FONT size=2 face="sans-serif">Total</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">24,725</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">25,204</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Long-term debts</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">37,323</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">37,089</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Long-term bonds payable</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">9,421</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">9,441</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Other liabilities</FONT> </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">2,576</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">2,500</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Total liabilities</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">74,045</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">74,234</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Minority interest</FONT> </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">8,178</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right> <FONT size=2 face="sans-serif">8,405</FONT> </TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Shareholders&#146; equity</FONT> </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">51,054</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right  STYLE="border-bottom:1px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">51,312</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <FONT size=2 face="sans-serif">Total liabilities &amp; shareholders&#146; equity</FONT> </TD>
    <TD width=15% align=right  STYLE="border-bottom:2px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">133,277</FONT> </TD>
    <TD width=2%>&nbsp; </TD>
    <TD width=15% align=right  STYLE="border-bottom:2px solid;" BORDERCOLOR="#000000"> <FONT size=2 face="sans-serif">133,951</FONT> </TD>
  </TR>
</TABLE>
<BR>
<P>
<FONT size=2 face="sans-serif">
<div align=center>7 </DIV>
<div align=right>April 28, 2005</DIV>
</FONT>
<P></P>
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