<SEC-DOCUMENT>0001171843-22-005671.txt : 20220816
<SEC-HEADER>0001171843-22-005671.hdr.sgml : 20220816
<ACCEPTANCE-DATETIME>20220816061513
ACCESSION NUMBER:		0001171843-22-005671
CONFORMED SUBMISSION TYPE:	S-8 POS
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20220816
DATE AS OF CHANGE:		20220816
EFFECTIVENESS DATE:		20220816

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Himax Technologies, Inc.
		CENTRAL INDEX KEY:			0001342338
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8 POS
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-176863
		FILM NUMBER:		221168414

	BUSINESS ADDRESS:	
		STREET 1:		NO. 26, ZIH LIAN ROAD
		STREET 2:		SINSHIH DISTRICT, TAINAN CITY 74148
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
		BUSINESS PHONE:		866 (6) 505-0880

	MAIL ADDRESS:	
		STREET 1:		NO. 26, ZIH LIAN ROAD
		STREET 2:		SINSHIH DISTRICT, TAINAN CITY 74148
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8 POS
<SEQUENCE>1
<FILENAME>s8pos_081622.htm
<DESCRIPTION>S-8 POS
<TEXT>
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     <TITLE></TITLE>
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<DIV STYLE="padding: 0in 0in 3pt; border-bottom: Black 4.5pt double">

<P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>As filed with the Securities and Exchange Commission on August 16, 2022</B></P>

<P STYLE="font-size: 10pt; text-align: right; text-indent: 0.25in; margin: 0"><B>Registration No. 333-176863&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>

</DIV>

<P STYLE="font-size: 10pt; text-align: center; margin: 12pt 0 0"><FONT STYLE="font-size: 14pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0"><FONT STYLE="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0"><FONT STYLE="font-size: 12pt"><B>Washington, D.C. 20549</B></FONT></P>



<P STYLE="font-size: 10pt; text-align: center; margin: 0"></P>

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<P STYLE="margin: 0; font-size: 10pt; text-align: center"></P>

<P STYLE="margin: 0; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>POST-EFFECTIVE AMENDMENT NO. 3 TO<BR>
FORM S-8 REGISTRATION STATEMENT NO. 333-176863</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0"><FONT STYLE="font-size: 12pt"><B>UNDER<BR>
THE SECURITIES ACT OF 1933</B></FONT></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0"><FONT STYLE="font-size: 14pt"><B>HIMAX TECHNOLOGIES, INC.</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0 0 5pt">(Exact name of registrant as specified in its charter)</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; text-align: center"><B>Cayman Islands</B></TD>
    <TD STYLE="width: 33%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; text-align: center"><B>Not Applicable</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction of <BR>
incorporation or organization)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer <BR>
Identification No.)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>No. 26, Zilian Road <BR>
Xinshi District, Tainan City 74148 Taiwan, Republic of China</B></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices, including zip code)</FONT></TD></TR>
  </TABLE>
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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font-size: 10pt; text-align: center"><B>HIMAX TECHNOLOGIES, INC. 2011 LONG-TERM INCENTIVE PLAN</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><B>(Amended and Restated as of August 31<SUP>st</SUP> day, 2016,</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>2<SUP>nd </SUP>Amended and Restated as of August 28<SUP>th</SUP> day, 2019</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>and</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>3<SUP>rd </SUP>Amended and Restated as of August 16<SUP>th</SUP> day, 2022)</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Full title of the plan)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>Puglisi &amp; Associates</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>850 Library Avenue, Suite 204</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>Newark, Delaware 19711</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>(302) 738-6680</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Name, address and telephone number, including area code, of agent for service)</FONT></TD></TR>
  </TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center"><B>Copy to:</B></TD>
    <TD STYLE="width: 33%; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>James C. Lin, Esq.</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>Davis Polk &amp; Wardwell LLP</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>c/o 18<SUP>th</SUP> Floor, The Hong Kong Club Building</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>3A Chater Road</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>Hong Kong</B></P>
    <P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>(852-2533-3300)</B></P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 3pt">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &ldquo;large accelerated
filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange Act. (Check one):</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 90%; margin-left: 0.25in">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">Large accelerated filer &#9746;</TD>
  <TD STYLE="width: 50%">Accelerated filer &#9744;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>Non-accelerated filer &#9744; (Do not check if a smaller reporting company)</TD>
  <TD>Smaller
reporting company &#9744;</TD></TR>
</TABLE>

<P STYLE="margin: 0; font-size: 10pt; text-indent: 0.25in">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; text-indent: 0.25in"></P>

<DIV STYLE="padding: 0in 0in 1pt; border-bottom: Black 4.5pt double">

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.25in; margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.25in; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.25in; margin: 0">If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 7(a)(2)(B) of the Securities Act. &#9744;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.25in; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.25in; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.25in; margin: 0"><B>&nbsp;</B></P>

</DIV>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 20pt 0 10pt"></P>

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<P STYLE="margin: 0pt; font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center"></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 20pt 0 10pt">Explanatory Statement</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">This Post-Effective Amendment No. 3 to the Registration Statement on
Form S-8 filed with the Securities and Exchange Commission on September 16, 2011, File No. 333-176863 (the &ldquo;Registration Statement&rdquo;),
is being filed by Himax Technologies, Inc. (the &ldquo;Registrant&rdquo;), to reflect the amendment and restatement of the Himax Technologies,
Inc. 2011 Long-Term Incentive Plan as of August 16<SUP>th</SUP> day, 2022 (the &ldquo;2011 Incentive Plan&rdquo;) to extend the duration
of the 2011 Incentive Plan for three years to September 6, 2025. No additional securities are being registered. The amendment and restatement
of the 2011 Incentive Plan was approved by the Registrant&rsquo;s shareholders at its annual general meeting held on August 16, 2022.</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 10pt 0">PART II<BR>
<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0 0 10pt">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">The following documents filed with the Securities and Exchange Commission
(the &ldquo;Commission&rdquo;) by Himax Technologies, Inc. (the &ldquo;Registrant&rdquo;) are incorporated herein by reference.</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&rsquo;s
annual report on Form 20-F for the fiscal year ended December 31, 2021 filed on March 23, 2022;</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&rsquo;s
reports of foreign private issuer on Form 6-K filed on February 17, May 12, June 15, June 21, August 11 and August 16, 2022; and</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of the
Registrant&rsquo;s ordinary shares contained in the Registrant&rsquo;s registration statement on Form 8-A filed on March 20, 2006, as
modified by any amendment or report filed for the purpose of updating such description.</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), prior to the filing of
a post-effective amendment which indicates that all securities offered have been sold, or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Any statement contained in a document incorporated or deemed to be incorporated
by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement
contained herein, or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein,
modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0 0 10pt">ITEM 4. DESCRIPTION OF SECURITIES</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Not applicable.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0 0 10pt">ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Not applicable.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0 0 10pt">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Cayman Islands law does not limit the extent to which a company&rsquo;s
articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held
by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences
or committing a crime. Our Third Amended and Restated Articles of Association provide for indemnification of officers and directors for
losses, damages, costs and expenses incurred in their capacities as such provided that this indemnity does not extend to any matter in
respect of any fraud or dishonesty which may attach to any of the said persons.</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">The Registrant maintains standard policies of insurance under which
coverage is provided (a) to its directors and officers against loss arising from claims made by reason of alleging breach of duty or other
wrongful act and (b) to the Registrant with respect to payments which may be made by the Registrant to such officers and directors pursuant
to the above indemnification provision or otherwise as a matter of law.</P>

<P STYLE="font-size: 10pt; margin: 0"></P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0 0 10pt"></P>

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<P STYLE="margin: 0 0 10pt; font-size: 10pt; font-weight: bold">ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Not applicable.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0 0 10pt">ITEM 8. EXHIBITS</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">See the attached Exhibit Index.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0 0 10pt">ITEM 9. REQUIRED UNDERTAKINGS</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant
hereby undertakes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(1)</TD><TD>To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">(i)</TD><TD>To include any prospectus required by Section 10(a)(3) of the Securities Act;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">(ii)</TD><TD>To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth
in the Registration Statement; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 27pt">(iii)</TD><TD>To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement
or any material change to such information in the Registration Statement;</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0 0 10pt 63pt"><I>provided</I>, <I>however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii)
do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports
filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated
by reference in the Registration Statement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(2)</TD><TD>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(3)</TD><TD>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant
hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s annual
report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&rsquo;s
annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant
to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification
is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

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<P STYLE="margin: 20pt 0 10pt; font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center">Signatures</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this
Post-Effective Amendment No. 3 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in Taiwan, Republic of China, on August 16, 2022.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>HIMAX TECHNOLOGIES, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">By:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid">/s/ Jordan Wu</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 13%">Name:</TD>
    <TD STYLE="width: 30%">Jordan Wu</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>President and Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment No. 3 to the Registration Statement has been signed by the following persons in the capacities and on the date indicated.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 37%; text-align: center; font-weight: bold"><U>Signature</U></TD>
    <TD STYLE="width: 40%; text-align: center; font-weight: bold"><U>Title</U></TD>
    <TD STYLE="padding-left: 20pt; width: 23%; text-align: left; font-weight: bold"><U>Date</U></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Jordan Wu</TD>
    <TD STYLE="text-align: center">President, Chief Executive Officer and Director</TD>
    <TD>August 16, 2022</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">Jordan Wu</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">(Principal Executive Officer)</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Jessica Pan</TD>
    <TD STYLE="text-align: center">Chief Financial Officer</TD>
    <TD>August 16, 2022</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">Jessica Pan</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">(Principal Financial and Accounting Officer)</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Dr. Biing-Seng Wu</TD>
    <TD STYLE="text-align: center">Chairman of the Board</TD>
    <TD>August 16, 2022</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">Dr. Biing-Seng Wu</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Dr. Yan-Kuin Su</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>August 16, 2022</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">Dr. Yan-Kuin Su</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Yuan-Chuan Horng</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>August 16, 2022</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">Yuan-Chuan Horng</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Liang-Gee Chen</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>August 16, 2022</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">Liang-Gee Chen</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 20pt 0 10pt"></P>

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<P STYLE="margin: 20pt 0 10pt; font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center">Signature of Authorized
Representative of the Registrant</P>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">Pursuant to the Securities Act of 1933, the undersigned, the duly authorized
representative in the United States of the Registrant, has signed this Post-Effective Amendment No. 3 to the Registration Statement in
the City of Newark, Delaware, on August 16, 2022.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">Puglisi &amp; Associates</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">By:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid">/s/ Donald J. Puglisi</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 13%">Name:</TD>
    <TD STYLE="width: 30%">Donald J. Puglisi</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Managing Director</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 20pt 0 10pt"></P>

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<P STYLE="margin: 20pt 0 10pt; font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0 0 3pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 7%">
    <P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 1pt 0 2pt; border-bottom: Black 0.5pt solid">Exhibit Number</P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 92%">
    <P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 1pt 0 2pt; border-bottom: Black 0.5pt solid">Description of
    Exhibit</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">4.1</TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1342338/000095010310001648/dp17787_ex0101.htm">Third Amended and Restated Memorandum and Articles of Association of the Registrant (incorporated herein by reference to Exhibit 1.1 to the Registrant&rsquo;s annual report on Form 20-F filed on June 3, 2010)</A>.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">4.2</TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1342338/000119380517001266/e616367_ex99-a.htm">Form of Deposit Agreement among the Registrant, JPMorgan Chase Bank, N.A., as depositary, and holders of the American depositary receipts. (incorporated by reference to Exhibit (a) to the Registrant&rsquo;s Registration Statement on Form F-6 (file no. 333-219169) filed on July 6, 2017.)</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">5.1</TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="exh_51.htm">Opinion of Conyers Dill &amp; Pearman, Cayman Islands counsel to the Registrant, regarding the legality of the securities being registered</A>.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">23.1</TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/0001342338/000141057822000463/tmb-20211231xex15d1.htm">Consent of KPMG, independent registered public accounting firm (incorporated herein by reference to Exhibit 15.1 to the Registrant&rsquo;s report on Form 20-F filed on March 23, 2022).</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">23.2</TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1342338/000095010306002227/dp03547_ex0501.htm">Consent of Conyers Dill &amp; Pearman (included in Exhibit 5.1)</A>.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">24.1&dagger;</TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1342338/000095010311003867/dp26280_s8.htm">Power of Attorney (included on signature page hereof)</A>.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.1</TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/0001342338/000117184322004360/exh_994.htm">Himax Technologies, Inc. 2011 Long-Term Incentive Plan (Amended and Restated as of August 31<SUP>st</SUP> day, 2016, 2<SUP>nd</SUP> Amended and Restated as of August 28<SUP>th</SUP> day, 2019 and 3<SUP>rd</SUP> Amended and Restated as of August 16<SUP>th</SUP> day, 2022) (incorporated herein by reference to Exhibit 99.4 to the Registrant&rsquo;s report of foreign private issuer on Form 6-K filed on June 15, 2022).</A></TD></TR>
  </TABLE>

<P STYLE="font-size: 10pt; text-indent: 0.25in; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0">___________</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: white; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%">&dagger;</TD>
    <TD>Previously filed.</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>exh_51.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0; font-size: 10pt"><B>Exhibit 5.1</B></P>

<P STYLE="margin: 0; font-size: 10pt"></P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="text-align: left; width: 70%; vertical-align: middle"><IMG SRC="conyers.jpg" ALT=""><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
  <TD STYLE="width: 30%"><P STYLE="color: #032C40; font-size: 10pt; font-weight: bold; margin: 0 2.25pt 4pt 0"><FONT STYLE="font-size: 8pt">CONYERS
                         DILL &amp; PEARMAN</FONT></P>

<P STYLE="color: #111111; font-size: 10pt; margin: 0 2.15pt 0 0"><FONT STYLE="font-size: 8pt">29<SUP>th</SUP> Floor</FONT></P>

<P STYLE="color: #111111; font-size: 10pt; margin: 0 2.15pt 0 0"><FONT STYLE="font-size: 8pt">One Exchange Square</FONT></P>

<P STYLE="color: #111111; font-size: 10pt; margin: 0 2.15pt 0 0"><FONT STYLE="font-size: 8pt">8 Connaught Place</FONT></P>

<P STYLE="color: #111111; font-size: 10pt; margin: 0 2.15pt 0 0"><FONT STYLE="font-size: 8pt">Central</FONT></P>

<P STYLE="color: #111111; font-size: 10pt; margin: 0 2.15pt 4pt 0"><FONT STYLE="font-size: 8pt">Hong Kong</FONT></P>

<P STYLE="color: #111111; font-size: 10pt; margin: 0 2.15pt 4pt 0"><FONT STYLE="font-size: 8pt">T +852 2524 7106 | F +852 2845 9268</FONT></P>

<P STYLE="color: #032C40; font-size: 10pt; font-weight: bold; margin: 0 2.15pt 0 0"><FONT STYLE="font-size: 8pt">conyers.com</FONT></P>
</TD></TR>
</TABLE>

<P STYLE="margin: 0; font-size: 10pt"></P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt">16 August 2022</P>

<P STYLE="margin: 0; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 8pt">Matter No.: 836452<BR>
Doc ref:108331723.4</FONT></P>

<P STYLE="margin: 0; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 8pt">852 2842 9530<BR>
Flora.Wong@conyers.com</FONT></P>

<P STYLE="margin: 0; font-size: 10pt"><B>Himax Technologies, Inc. </B></P>

<P STYLE="margin: 0; font-size: 10pt">No. 26 Zih Lian Road</P>

<P STYLE="margin: 0; font-size: 10pt">Sinshih District Tainan City 74148</P>

<P STYLE="margin: 0; font-size: 10pt">Taiwan</P>

<P STYLE="margin: 0; font-size: 10pt">Republic of China</P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0 18.4pt 10pt 0; font-size: 10pt; text-align: justify">Dear Sirs,</P>

<P STYLE="margin: 0 18.4pt 10pt 0; font-size: 10pt; text-align: justify">Re: <B>Himax Technologies, Inc. (the &ldquo;Company&rdquo;)</B></P>

<P STYLE="margin: 0 18.4pt 10pt 0; font-size: 10pt; text-align: justify">We have acted as special Cayman Islands legal counsel to the
Company in connection with a registration statement on Form S-8, including all amendments or supplements thereto up to the date hereof,
filed by the Company with the United States Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) on or about the date
hereof (the &ldquo;<B>Registration Statement</B>&rdquo;, which term does not include any other document or agreement whether or not specifically
referred to therein or attached as an exhibit or schedule thereto). The Registration Statement relates to the registration of an aggregate
of 20,000,000 ordinary shares par value US$0.3 per share (the &ldquo;<B>Plan Shares</B>&rdquo;) of the Company to be issued pursuant to
the Himax Technologies, Inc. 2011 Long Term Incentive Plan, as amended on 31 August 2016, 28 August 2019 and 16 August 2022 (the &ldquo;<B>Plan</B>&rdquo;
which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit
or schedule thereto).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">DOCUMENTS REVIEWED</TD></TR></TABLE>

<P STYLE="margin: 0 0 10pt; font-size: 10pt; text-align: justify">For the purposes of giving this opinion, we have examined copies of
the following documents:</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">1.1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the Registration Statement; and</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">1.2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the Plan.</P>

<P STYLE="margin: 0 0 10pt; font-size: 10pt; text-align: justify">We have also reviewed copies of:</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">1.3.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the Memorandum and Articles of Association of the Company, each certified by the Secretary of the Company on 10 August 2022;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">1.4.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the minutes of meetings of the Company&rsquo;s directors held on 3 June 2011, 20 June 2016, 17 June 2019 and 1 June 2022
and minutes of annual general meetings of the members of the Company held on 7 September 2011, 31 August 2016, 28 August 2019 and 16 August
2022 (collectively, the &quot;<FONT STYLE="color: windowtext"><B>Resolutions</B></FONT>&quot;);</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">1.5.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>a Certificate of Good Standing issued by the Registrar of Companies in relation to the Company on 15 August 2022 (the &ldquo;<FONT STYLE="color: windowtext"><B>Certificate
Date</B></FONT>&rdquo;); and</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; text-align: left; margin: 0 0 10pt"><FONT STYLE="font-size: 7pt">Partners: Piers J. Alexander,
Christopher W. H. Bickley, Peter H. Y. Ch&rsquo;ng, Anna W. T. Chong, Angie Y. Y. Chu, Vivien C. S. Fung, Richard J. Hall, Norman Hau,
Wynne Lau, Paul M. L. Lim, Michael J. Makridakis,<BR>
Teresa F. Tsai, Flora K. Y. Wong, Lilian S. C. Woo, Mark P. Yeadon<BR>
<BR>
Consultant: David M. Lamb</FONT></P>

<P STYLE="color: #003A5D; font-size: 10pt; font-weight: bold; text-transform: uppercase; margin: 0 0 10pt"><FONT STYLE="font-size: 7pt">BERMUDA
| BRITISH VIRGIN ISLANDS | CAYMAN ISLANDS</FONT></P>

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<P STYLE="margin: 0 0 10pt 0.5in; color: #2D2A30; font-size: 10pt; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">1.6.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>such other documents and made such enquiries as to questions of law as we have deemed necessary in order to render the opinion
set forth below.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">ASSUMPTIONS</TD></TR></TABLE>

<P STYLE="margin: 0 0 10pt; font-size: 10pt; text-align: justify">We have assumed:</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether or not certified)
examined by us and the authenticity and completeness of the originals from which such copies were taken;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>that where a document has been examined by us in draft form, it will be or has been executed in the form of that draft,
and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.3.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the accuracy and completeness of all factual representations made in the Registration Statement, the Plan and the other
documents reviewed by us;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.4.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the Resolutions were passed at one or more duly convened, constituted and quorate meetings or by unanimous written resolutions,
remain in full force and effect and have not been rescinded or amended;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.5.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>that there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any implication
in relation to the opinions expressed herein;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.6.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>that upon issue of any Plan Shares by the Company the Company will receive consideration for the full issue price thereof
which shall be equal to at least the par value thereof;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.7.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>the validity and binding effect under the laws of the United States of America of the Registration Statement and that the
Registration Statement will be duly filed with the Commission and have become effective;</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.8.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>that on the date of issuance of any Plan Shares, the Company will have sufficient authorised but unissued ordinary shares
of par value US$0.30 each in its share capital; and</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">2.9.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>that on the date of issuing any award or Plan Shares under the Plan the Company is and after issuing any award or Plan Shares
under the Plan the Company will be able to pay its liabilities as they become due.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">QUALIFICATIONS</TD></TR></TABLE>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">3.1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>We express no opinion with respect to the issuance of Plan Shares pursuant to any provision of the Plan that purports to
obligate the Company to issue Plan Shares following the commencement of a winding up or liquidation.</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">3.2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than the Cayman
Islands. This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given
on the basis of the current law and practice in the Cayman Islands. This opinion is issued solely for your benefit and use in connection
with the matter described herein and is not to be relied upon by any other person, firm or entity or in respect of any other matter.</P>

<P STYLE="margin: 0 0 10pt 0.5in; color: #2D2A30; font-size: 10pt; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="color: #003A5D; font-size: 10pt; font-weight: bold; text-align: right; margin: 0 0 10pt"><FONT STYLE="font-size: 8pt">conyers.com
| 2</FONT></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">OPINION</TD></TR></TABLE>

<P STYLE="margin: 0 0 10pt; font-size: 10pt; text-align: justify">On the basis of and subject to the foregoing, we are of the opinion
that:</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">4.1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Company is duly incorporated and existing under the laws of the Cayman Islands and, based on the Certificate of Good
Standing, is in good standing as at the Certificate Date. Pursuant to the Companies Act (&ldquo;<B>Act</B>&rdquo;), a company is deemed
to be in good standing if all fees and penalties under the Act have been paid and the Registrar of Companies has no knowledge that the
company is in default under the Act.</P>

<P STYLE="color: #2D2A30; font-size: 10pt; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: black">4.2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>When issued and paid for in accordance with the Plan, the Plan Shares will be validly issued, fully paid and non-assessable
(which term when used herein means that no further sums are required to be paid by the holders to the Company thereof in connection with
the issue or subsequent holding thereof).</P>

<P STYLE="margin: 0 18.4pt 10pt 0; font-size: 10pt; text-align: justify">We hereby consent to the filing of this opinion with the Commission
as an exhibit to the Registration Statement. In giving this consent, we do not hereby admit that we are experts within the meaning of
Section 11 of the Securities Act or that we come within the category of persons whose consent is required under Section 7 of the Securities
Act or the Rules and Regulations of the Commission promulgated thereunder.</P>

<P STYLE="margin: 0 18.4pt 10pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0 0 10pt; font-size: 10pt; text-align: justify">Yours faithfully,</P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt"><FONT STYLE="font-weight: normal">/s/ Conyers Dill &amp; Pearman</FONT></P>

<P STYLE="margin: 0; font-size: 10pt; font-weight: bold">Conyers Dill &amp; Pearman</P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="color: #003A5D; font-size: 10pt; font-weight: bold; text-align: right; margin: 0 0 10pt"><FONT STYLE="font-size: 8pt">conyers.com
| 3</FONT></P>

<P STYLE="margin: 0 0 10pt; color: #003A5D; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="margin: 0 0 10pt; color: #003A5D; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

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