<SEC-DOCUMENT>0000950103-17-000197.txt : 20180220
<SEC-HEADER>0000950103-17-000197.hdr.sgml : 20180220
<ACCEPTANCE-DATETIME>20170106061027
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950103-17-000197
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170106

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent">Advanced Semiconductor
Engineering, Inc.<BR>
26 Chin Third Road, Nantze Export Processing Zone</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent">Nantze, Kaohsiung,
Taiwan</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent">&nbsp;Republic
of China</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; background-color: transparent">January 6, 2017</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">Via E-mail</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">Amanda Ravitz, Esq<BR>
Assistant Director</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">Office of Electronics and Machinery</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">Division of Corporation Finance</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">United States Securities and Exchange
Commission<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD><B>Advanced Semiconductor Engineering, Inc.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0in; background-color: transparent"><B>Registration
Statement on Form F-4</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0in; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0in; background-color: transparent"><B>Filed
November 22, 2016</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0in; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0in; background-color: transparent"><B>File
No. 333-214752 </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">Dear Ms. Ravitz:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 34.55pt; background-color: transparent">This
letter is submitted by Advanced Semiconductor Engineering, Inc. (the &ldquo;Company&rdquo;) in response to the comments that you
provided on behalf of the staff in the Office of Electronics and Machinery in the Division of Corporation Finance (the &ldquo;Staff&rdquo;)
of the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;) with respect to the Company&rsquo;s Form F-4, File No. 333-214752,
filed on November 22, 2016 (as amended, the &ldquo;Form F-4&rdquo;), as set forth in your letter to the Company dated December
19, 2016. In response to the Staff&rsquo;s comments, the Company is also filing via EDGAR under separate cover Amendment No. 1
to the Form F-4 (&ldquo;Amendment No. 1&rdquo;). For your convenience, the text of the Staff&rsquo;s comments is set forth below
(in bold), followed in each case by the response. Please note that all references to page numbers in the responses are references
to Amendment No. 1.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 34.55pt; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 34.55pt; background-color: transparent">Capitalized
terms not otherwise defined in this letter have the meanings ascribed to them in Amendment No. 1.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 34.55pt; background-color: transparent">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent"><U>Prospectus Summary, page
1</U></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: Transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Except where a limited exception applies, a registrant must
                                         have a legal existence prior to the effectiveness of a registration statement under which
                                         the registrant seeks to register its securities. It does not appear that any exceptions
                                         to this requirement apply. As such, please amend to name a legally existing registrant.
                                         Likewise your legal opinion filed as Exhibit 5.1 must relate to securities of a legally
                                         existing registrant.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; background-color: white"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><B>Applicable ROC Law</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">In response to the Staff&rsquo;s comment
and further to a telephone conversation with the Staff on December 21, 2016, the Company has confirmed with its Republic of China
(&ldquo;ROC&rdquo;) counsel, that as a matter of ROC law, in a share exchange transaction involving the listing of a new holding
company, it is not possible for the new holding company, ASE Industrial Holding Co., Ltd (&ldquo;Holdco&rdquo;), to come into existence
until the closing of the share exchange, and as a result it is not possible for Holdco to be the registrant prior to the effectiveness
of the Form F-4.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">The following summarizes the advice
of the Company&rsquo;s ROC counsel.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">According to Article 4 of the ROC Mergers
and Acquisitions Law, the term &quot;share exchange&quot; is defined as &quot;<I>a company transferring all its issued shares to
another company in exchange for shares, cash or other assets in that company as the consideration for shareholders of the transferring
company.</I><FONT STYLE="font-size: 10pt">&quot;.</FONT> Paragraph 1 of Article 29 of the ROC Mergers and Acquisitions Law further
provides that &quot;<I>If resolved by the general meeting, a company may by means of share exchange be acquired by any other surviving
or newly incorporated company as a 100% held subsidiary company pursuant to the following requirements&hellip;.&quot;</I><FONT STYLE="font-size: 10pt">.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">In the current transaction, the Company
and Silicon Precision Industries Co., Ltd (&ldquo;SPIL&rdquo;) entered into the Joint Share Exchange Agreement based on the above
provisions of ROC law to form a new holding company by way of statutory share exchange. By way of summary, at the closing of the
share exchange (a) the shareholders of the Company will be entitled to receive new shares issued by Holdco in exchange for their
Company shares; and (b) the shareholders of SPIL will be entitled to receive cash consideration paid by Holdco in exchange for
their SPIL shares. In other words, the SPIL shareholders will be cashed out and it is only the Company&rsquo;s shareholders that
will receive shares of Holdco.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">Under ROC Company Law, a new company
must be formed by a resolution of a &ldquo;promotors' meeting&rdquo;. After the promotors' meeting passes such a resolution, the
promotors are required to pay the consideration to subscribe for the initial shares to be issued by the new company. Once the promotors
fully pay the consideration for subscription for initial shares, the promotors must file an application with the appropriate local
government authority (in this case, the Ministry of Economic Affairs (&quot;MOEA&quot;)) to incorporate the new company. MOEA will
examine and confirm whether the consideration for the subscription of the initial shares has been fully paid by the promotors.
Once MOEA approves the incorporation of the new company, the company will be duly incorporated and existing under ROC law.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">Paragraph 4 of Article 29 of ROC Mergers
and Acquisitions Law provides that &ldquo;<I>If the transferee company is a newly incorporated company, the general meeting held
under Item 1, Paragraph 1 of this Article shall be deemed as the meeting of promoters of the transferee company; directors and
supervisors may be elected in that same meeting without being subject to Article 128, Articles 129 through 139, 141, 155 and 163(2)
of the Company Act</I>)&rdquo;. For the purposes of the current transaction, the Company&rsquo;s shareholders will be regarded
as Holdco's &quot;promotors&quot; and will immediately become Holdco's shareholders when they receive Holdco's new shares at closing
of the share exchange. The Company shares held by Company shareholders (i.e., Holdco&rsquo;s promotors) will be regarded as the
consideration for subscription for (or, under the concept of statutory share exchange, in exchange for) Holdco's initial shares.
Accordingly, MOEA will not grant approval (and Holdco cannot be incorporated and and come into existence) until the day the promotors
fully pay the consideration (Company shares) for subscribing for Holdco's new shares (i.e., the closing of the share exchange).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"></P>

<!-- Field: Page; Sequence: 2; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"> </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">In addition to the formal requirements
relating to the formation of Holdco set out above, in order to have Holdco&rsquo;s shares listed in the ROC substantially concurrently
with the closing of the share exchange, Holdco&rsquo;s incorporation needs to meet certain requirements under the TWSE listing
rules.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">Under the TWSE listing rules, if the
Company and SPIL transferred all their respective outstanding shares to a &ldquo;non-listed&rdquo; company (i.e. Holdco) by way
of statutory share exchange, the new shares to be issued by such non-listed company would not be eligible for listing on the closing
date of the share exchange. Instead, Holdco would be required to file a new listing application with the TWSE after acquiring all
the shares of ASE and SPIL. In such a scenario, although there may be certain administrative exemptions available to Holdco to
shorten the application timeline, the Company&rsquo;s ROC counsel would still expect that there would be a period of up to 6 months
during which none of the Company&rsquo;s or SPIL&rsquo;s, or Holdco&rsquo;s shares, would be listed for trading on the TWSE; a
result that would clearly not be viable for shareholders.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">The TWSE&rsquo;s Operating Rules provide
for an exemption to the rules described in the preceding paragraph that, if applicable, avoids the need to have a period during
which the shares are not be listed. Under Paragraph 1, Article 53-14 of the Operating Rules of the Taiwan Stock Exchange Corporation,
if the Company and SPIL transfer all of their respective shares as consideration for the formation of a new holding company, the
shares to be issued by such holding company to the Company&rsquo;s shareholders (as the share exchange consideration) may be listed
on the TWSE at the closing of the share exchange.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">The full translated text of the Paragraph
1, Article 53-14 of the Operating Rules of the Taiwan Stock Exchange Corporation is as follows, with the relevant part of the rule
underlined (note that the term &ldquo;share conversion&rdquo; within the rule should be read as referring to a &ldquo;statutory
share exchange&rdquo;):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&ldquo;<I>When a company limited by
shares or a foreign company converts its shares to another newly established company under Article 53-11 to 53-13, the TWSE listed
company or TWSE primary listed company whose converted shares are anticipated to account for the greatest proportion of the anticipated
issued shares of the newly established company shall carry out with the TWSE the various procedures set forth in the subparagraphs
hereinbelow on behalf of all the companies whose shares are being converted, and after the TWSE has reviewed the application for
compliance with regulations, the trading of such company's(ies') originally listed securities shall be suspended 2 trading days
prior to (and non-inclusive of) the book closure date, and the securities shall be delisted from the record date of the share conversion;
provided, <U>if shares of a single or multiple TWSE listed or GTSM listed companies are converted into a newly established company
to form an investment holding company, the securities of the investment holding company may be listed and traded from the record
date of the share conversion, but trading of the originally listed securities shall be suspended beginning 8 days before the record
date of the share conversion (counting non-inclusively of that date)</U>:</I>&rdquo;</U></I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><I><U>&nbsp;</U></I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><I><U>&nbsp;</U></I></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">The result of the foregoing rules is
that the corporate existence of Holdco will only be established at the closing of the share exchange. An indicative timeline of
anticipated events is as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: Wingdings">&Yuml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Following the conclusion of certain ongoing regulatory approvals, the
Company and SPIL's respective boards will convene a general meeting of shareholders (&quot;GM&quot;) to approve the share exchange
transaction. Currently the parties anticipate that this step could occur at the end of March, 2017.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: Wingdings">&Yuml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Mid-June 2017 (it takes 12 trading days plus 60 calendar days for a
listed company's board of directors to call a GM under ROC law): The Company and SPIL will hold their respective GMs to approve
the share exchange transaction. The Company&rsquo;s GM will also constitute Holdco's promotors' meeting, and will elect directors
and supervisors of Holdco who will take office at closing. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: Wingdings">&Yuml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">End of June 2017: The Company and SPIL will jointly determine the tentative
closing date and file the applications with the TWSE for delisting of the Company and SPIL and listing of Holdco. The Company currently
anticipates that the approval of this application will take around one month.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: Wingdings">&Yuml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">End of July 2017: TWSE will approve the Company&rsquo;s and SPIL's
delisting and the listing of Holdco. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: Wingdings">&Yuml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Beginning of August 2017: Holdco's future directors (having been elected
at the promotors' meeting) act on behalf the promotors (i.e., ASE&rsquo;s shareholders) to file an application with MOEA for incorporation
of Holdco. The applicant is required to state on its application the closing date of the share exchange and MOEA will grant its
approval for the incorporation on such share exchange closing date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: Wingdings">&Yuml;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">September 1, 2017: MOEA will approve the incorporation of Holdco. This
date will be the closing date of the share exchange and the date on which Holdco comes into existence.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent"><B>Instructions
to Form F-4</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">We
would direct the Staff to instruction 3 to Form F-4. Instruction 3 provides as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&ldquo;<I>If
the securities to be offered are those of a corporation not yet in existence at the time the registration statement is filed which
will be a party to a consolidation involving two or more existing corporations, then each such existing corporation shall be deemed
a registrant and shall be so designated on the cover page of this Form, and the registration statement shall be signed by each
such existing corporation and by the officers and directors of each such existing corporation as if each such existing corporation
were the registrant</I>&rdquo;.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">We
would respectfully submit that this instruction is pertinent to the current transaction between the Company and SPIL, as it amounts
to a consolidation involving two existing companies, in which the securities being offered are those of a corporation not yet in
existence.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent"><B>Sompo
Japan Insurance Inc./Nipponkoa Insurance Company Limited</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">We
would refer the Staff to the Form F-4 filed on November 25, 2009 by each of Sompo Japan Insurance Inc. (&ldquo;Sompo&rdquo;) and
Nipponkoa Insurance Company Limited (&ldquo;NICL&rdquo;) and the Post-Effective Amendment No. 1 to Form F-4 filed by NKSJ Holdings,
Inc. (&ldquo;Newco&rdquo;) on April 1, 2010 (the &ldquo;Sompo F-4&rdquo;). We would respectfully suggest that the facts and circumstances
of the Sompo/Nipponkoa transaction are substantially similar to the ASE/SPIL transaction and provide for an appropriate solution
to resolve the Staff&rsquo;s comment No. 1.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">The
Sompo/Nipponkoa transaction involved a business combination transaction by means of a share for share exchange whereby the existing
shareholders of each of Sompo and Nipponkoa would exchange their respective shares for shares in a newly incorporated holding company,
Newco.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">According
to the Sompo F-4, in particular page 86, and the filed form of Business Integration Agreement, the corporate existence of Newco
would not be established until the closing of the share exchange, and accordingly Newco would not be in existence at the timing
of filing or effectiveness of the Sompo F-4.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">Immediately
following closing of the share exchange, on April 1, 2010, Newco filed a post-effective amendment to Form F-4. The explanation
to the post-effective amendment stated:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&ldquo;<I>The
Registrant was formed on April 1, 2010 as the holding company for SOMPO JAPAN INSURANCE INC. (&ldquo;Sompo Japan&rdquo;) and NIPPONKOA
Insurance Company, Limited (&ldquo;Nipponkoa&rdquo;) in a statutory share exchange under Japanese law. The public offering of the
Registrant&rsquo;s shares to U.S. persons in connection with the statutory share exchange was registered under the Securities Act
of 1933, as amended (the &ldquo;Securities Act&rdquo;), on the registration statement on Form F-4 (No. 333-163336) (the &ldquo;Registration
Statement&rdquo;) filed with the Securities and Exchange Commission on November 25, 2009. The Registration Statement was filed
by each of Sompo Japan and Nipponkoa, since at the time the Registrant was not yet in existence. The Registration Statement was
declared effective on November 27, 2009. The Registrant is filing this post-effective amendment to the Registration Statement in
order to adopt the Registration Statement as its own for all purposes under the Securities Act</I>.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent"><B>Conclusion</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">We
would respectfully submit to the Staff as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">(a)
as a result of requirements imposed by ROC law, in connection with a share exchange transaction involving a newly listed holding
company, it is not possible for the legal existence of Holdco to be established any earlier than the closing of the share exchange;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">(b)
Instruction 3 to Form F-4 appears to envisage the possibility of business combination transactions whereby the entity whose securities
are being offered as part of the transaction will not exist at the time the Form F-4 is filed;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">(c)
the Sompo/Nipponkoa transaction presented the Staff with substantially similar facts to the current transaction involving the Company
and SPIL, and in that case, the existing legal entities whose shareholders would be offered registered securities as part of the
transaction, both signed the Form F-4, and substantially contemporaneously with the closing of that transaction and the coming
into existence of the new holding company, the new holding company filed a post-effective amendment to Form F-4 adopting the registration
statement; and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">(d)
in light of the above, we would respectfully submit that ASE, as the existing legal entity whose shareholders will be offered registered
securities as part of the consolidation with SPIL, is the correct entity to sign the Form F-4 and that substantially contemporaneously
with the closing of the share exchange, Holdco will file a post-effective amendment to the Form F-4 adopting the registration statement
as its own for all purposes under the Securities Act.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 15.85pt 0pt 0; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent"><U>Unaudited Pro Forma Condensed
Financial Statements, page 21</U></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Please tell us when you will provide the information missing from your pro forma financial statements.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; background-color: white">In response to the Staff&rsquo;s
comment, the Company has updated the pro forma financial statements from page 21 to page 28 of Amendment No. 1 to address this
issue.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent"><U>Recommendation and Approval
of the ASE Board and Reasons for the Share Exchange, page 36</U></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Please expand your disclosure here to explain what consideration, if any, the ASE Board gave to the history of prior litigation
between ASE and SPIL and any negative implications thereof when it made its recommendation that the ASE shareholders vote &ldquo;FOR&rdquo;
the approval of the Joint Share Exchange Agreement and related transactions.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; background-color: white">In response to the Staff&rsquo;s
comment, the Company has revised the disclosure on page 38 of Amendment No. 1 to address this issue.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent"><U>Opinions of ASE&rsquo;s
Independent Expert, page 39</U></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">4.</TD><TD>Please disclose who recommended the consideration to be paid in the proposed transaction. See Item 1015(b)(5) of Regulation
M-A.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; background-color: white">In response to the Staff&rsquo;s
comment, the Company has revised the disclosure on page 39 of Amendment No. 1 to address this issue.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: transparent">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: transparent; text-indent: 1in">&nbsp;</P>


<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">Please note
that Amendment No. 1 also includes certain other updates to the Company&rsquo;s disclosures and internal conforming changes.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">The Company
hereby acknowledges that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 2.95pt">The Company is responsible for the adequacy and accuracy of the disclosure in Amendment No. 1;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 2.95pt">Staff comments or changes to disclosure in response to Staff comments do not foreclose the SEC
from taking any action with respect to Amendment No. 1; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 2.95pt">The Company may not assert Staff comments as a defense in any proceeding initiated by the SEC
or any person under the federal securities laws of the United States.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">The Company
appreciates the Staff&rsquo;s attention to the review of the Form F-4. Please do not hesitate to contact the undersigned or George
R. Bason, Jr. at 212-450-4340 or James C. Lin at +852-2533-3368, if you have any questions regarding Amendment No. 1 or this letter.<BR>
<BR>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">Sincerely,</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in; background-color: transparent">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Advanced Semiconductor Engineering, Inc.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 2%; font-size: 10pt">By:&nbsp;&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; font-size: 10pt">/s/ Jason C.S. Chang</TD>
    <TD STYLE="width: 65%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-size: 10pt">Chairman and Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">cc:</TD><TD>George R. Bason, Jr., Esq. and James C. Lin, Esq. (Davis Polk &amp; Wardwell LLP)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: transparent"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; background-color: transparent"></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<!-- Field: Page; Sequence: 7; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
