<SEC-DOCUMENT>0001398344-25-016624.txt : 20250826
<SEC-HEADER>0001398344-25-016624.hdr.sgml : 20250826
<ACCEPTANCE-DATETIME>20250826121931
ACCESSION NUMBER:		0001398344-25-016624
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250826
DATE AS OF CHANGE:		20250826
EFFECTIVENESS DATE:		20250826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAIWAN FUND INC
		CENTRAL INDEX KEY:			0000804123
		ORGANIZATION NAME:           	
		EIN:				042942862
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04893
		FILM NUMBER:		251254876

	BUSINESS ADDRESS:	
		STREET 1:		ONE LINCOLN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02111
		BUSINESS PHONE:		1-877-217-9502

	MAIL ADDRESS:	
		STREET 1:		ONE LINCOLN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02111
</SEC-HEADER>
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<TYPE>N-PX
<SEQUENCE>1
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      <reportCalendarYear>2025</reportCalendarYear>
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        <phoneNumber>1-800-426-5523</phoneNumber>
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      <reportingPerson>TAIWAN FUND INC</reportingPerson>
      <txSignature>Brian F. Link</txSignature>
      <txPrintedSignature>Brian F. Link</txPrintedSignature>
      <txTitle>Secretary</txTitle>
      <txAsOfDate>08/22/2025</txAsOfDate>
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    <issuerName>Fositek Corp.</issuerName>
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    <isin>TW0006805005</isin>
    <meetingDate>05/27/2025</meetingDate>
    <voteDescription>Elect Lee Wang Jvi, with SHAREHOLDER NO.00000182, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>176000</sharesVoted>
    <sharesOnLoan>100000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>176000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fositek Corp.</issuerName>
    <cusip>Y261K6105</cusip>
    <isin>TW0006805005</isin>
    <meetingDate>05/27/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>176000</sharesVoted>
    <sharesOnLoan>100000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>176000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Advanced Energy Solution Holding Co., Ltd.</issuerName>
    <cusip>G0097V108</cusip>
    <isin>KYG0097V1086</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Business Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>138000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>138000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Advanced Energy Solution Holding Co., Ltd.</issuerName>
    <cusip>G0097V108</cusip>
    <isin>KYG0097V1086</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>138000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>138000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Advanced Energy Solution Holding Co., Ltd.</issuerName>
    <cusip>G0097V108</cusip>
    <isin>KYG0097V1086</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>138000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>138000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>E Ink Holdings, Inc.</issuerName>
    <cusip>Y2266Z100</cusip>
    <isin>TW0008069006</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>187000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>187000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>E Ink Holdings, Inc.</issuerName>
    <cusip>Y2266Z100</cusip>
    <isin>TW0008069006</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>187000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>187000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>E Ink Holdings, Inc.</issuerName>
    <cusip>Y2266Z100</cusip>
    <isin>TW0008069006</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>187000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>187000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Consolidated Business Operations Report, Consolidated Financial Statements, and Individual Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect Chu-Liang Cheng, with Shareholder No. 3, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect Wen-Hsing Huang, with Shareholder No. 5, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect Tay-Jen Chen, with Shareholder No. 5600, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect Andrew Cheng, with Shareholder No. 1987020XXX, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect Chi-Yu Yang, with Shareholder No. L121526XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect Chin-Der Ou, with Shareholder No. F102222XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect Hun-Cheh Chen, with Shareholder No. 154, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Elite Advanced Laser Corp.</issuerName>
    <cusip>Y22878113</cusip>
    <isin>TW0003450003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>282000</sharesVoted>
    <sharesOnLoan>26000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>282000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>EZconn Corp.</issuerName>
    <cusip>Y23839106</cusip>
    <isin>TW0006442007</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Business Operations Report, Individual Financial Statements and Consolidated Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>116000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>116000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>EZconn Corp.</issuerName>
    <cusip>Y23839106</cusip>
    <isin>TW0006442007</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>116000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>116000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>EZconn Corp.</issuerName>
    <cusip>Y23839106</cusip>
    <isin>TW0006442007</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>116000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>116000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>EZconn Corp.</issuerName>
    <cusip>Y23839106</cusip>
    <isin>TW0006442007</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Private Placement of Ordinary Shares, Preferred Shares or Private Placement of Domestic Convertible Corporate Bonds (Including Secured or Unsecured Convertible Corporate Bonds)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>116000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>116000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>EZconn Corp.</issuerName>
    <cusip>Y23839106</cusip>
    <isin>TW0006442007</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Issuance of Restricted Stocks</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>COMPENSATION</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>116000</sharesVoted>
    <sharesOnLoan>50000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>116000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Consolidated Financial Statements and Business Report</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect WEN CHIH, LIN, with SHAREHOLDER NO.6646, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect FANG CHU, LIAO, with SHAREHOLDER NO.6718, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect CHIH CHENG, LIAO, with SHAREHOLDER NO.50, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect SHU CHING, CHOU, with ID NO.F220955XXX, as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
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        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect HUI YING, WANG, with ID NO.S201195XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
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    <vote>
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        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect NENG SHU, YANG, with ID NO.J120035XXX, as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
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        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect FENG TSUNG, CHENG, with ID NO.S101913XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
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    <vote>
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        <sharesVoted>434899</sharesVoted>
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  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
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    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect CHIEN HSUN, WEN, with ID NO.A120991XXX, as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
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        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Fulgent Sun International (Holding) Co., Ltd.</issuerName>
    <cusip>G36889106</cusip>
    <isin>KYG368891068</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>434899</sharesVoted>
    <sharesOnLoan>800000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>434899</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>LandMark Optoelectronics Corp.</issuerName>
    <cusip>Y51823105</cusip>
    <isin>TW0003081006</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Business Report, Financial Statements and Approve Statement of Profit and Loss Appropriation</voteDescription>
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      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>692000</sharesVoted>
    <sharesOnLoan>32000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>692000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>LandMark Optoelectronics Corp.</issuerName>
    <cusip>Y51823105</cusip>
    <isin>TW0003081006</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>692000</sharesVoted>
    <sharesOnLoan>32000</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>692000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>LandMark Optoelectronics Corp.</issuerName>
    <cusip>Y51823105</cusip>
    <isin>TW0003081006</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Elect CHUN-CHI, LIN, with ID NO.T120471XXX, as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>692000</sharesVoted>
    <sharesOnLoan>32000</sharesOnLoan>
    <vote>
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        <sharesVoted>692000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>LandMark Optoelectronics Corp.</issuerName>
    <cusip>Y51823105</cusip>
    <isin>TW0003081006</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>692000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>692000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Visual Photonics Epitaxy Co., Ltd.</issuerName>
    <cusip>Y9379U100</cusip>
    <isin>TW0002455003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>674000</sharesVoted>
    <sharesOnLoan>450000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>674000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Visual Photonics Epitaxy Co., Ltd.</issuerName>
    <cusip>Y9379U100</cusip>
    <isin>TW0002455003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>674000</sharesVoted>
    <sharesOnLoan>450000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>674000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Visual Photonics Epitaxy Co., Ltd.</issuerName>
    <cusip>Y9379U100</cusip>
    <isin>TW0002455003</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>674000</sharesVoted>
    <sharesOnLoan>450000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>674000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Business Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Shen Johnny Shyang-Lin, with SHAREHOLDER NO.80, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Herbert Chang, with ID NO.F121271XXX, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Daniel Wang, with SHAREHOLDER NO.1344, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Andrew Kuo, with ID NO.F122181XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Jerry Tzou, with ID NO.A110131XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Derek C.Y. Tien, with ID NO.A120628XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Saria Tseng, with ID NO.C220740XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Directors</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alchip Technologies Ltd.</issuerName>
    <cusip>G02242108</cusip>
    <isin>KYG022421088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Issuance of Shares via a Private Placement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>40000</sharesVoted>
    <sharesOnLoan>45000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>BizLink Holding, Inc.</issuerName>
    <cusip>G11474106</cusip>
    <isin>KYG114741062</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>366000</sharesVoted>
    <sharesOnLoan>300000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>366000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>BizLink Holding, Inc.</issuerName>
    <cusip>G11474106</cusip>
    <isin>KYG114741062</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>366000</sharesVoted>
    <sharesOnLoan>300000</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>366000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>BizLink Holding, Inc.</issuerName>
    <cusip>G11474106</cusip>
    <isin>KYG114741062</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Capital Increase Through Retained Earnings to Issue New Shares</voteDescription>
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      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>366000</sharesVoted>
    <sharesOnLoan>300000</sharesOnLoan>
    <vote>
      <voteRecord>
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        <sharesVoted>366000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>BizLink Holding, Inc.</issuerName>
    <cusip>G11474106</cusip>
    <isin>KYG114741062</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>366000</sharesVoted>
    <sharesOnLoan>300000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>366000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  <proxyTable>
    <issuerName>BizLink Holding, Inc.</issuerName>
    <cusip>G11474106</cusip>
    <isin>KYG114741062</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Cash Capital Increase to Issue Common Shares and Participate in the Issuance of Overseas Depositary Receipts</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>366000</sharesVoted>
    <sharesOnLoan>300000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>366000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Delta Electronics, Inc.</issuerName>
    <cusip>Y20263102</cusip>
    <isin>TW0002308004</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>945000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>945000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Delta Electronics, Inc.</issuerName>
    <cusip>Y20263102</cusip>
    <isin>TW0002308004</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>945000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>945000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Delta Electronics, Inc.</issuerName>
    <cusip>Y20263102</cusip>
    <isin>TW0002308004</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>945000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>945000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Delta Electronics, Inc.</issuerName>
    <cusip>Y20263102</cusip>
    <isin>TW0002308004</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Directors</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>945000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>945000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Business Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect CHUNG-HSIN CHAO with SHAREHOLDER NO.4 as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect YUNG-TSANG CHAO with SHAREHOLDER NO.1 as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect CHIEN-TSAI CHANG, a Representative of HSIN-CHONG INTERNATIONAL CO., LTD. with SHAREHOLDER NO.9 as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect FENG-CHUN KUO, a Representative of HSIN-CHONG INTERNATIONAL CO., LTD. with SHAREHOLDER NO.9 as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect CHIN-LUNG LIN, a Representative of HENG-SHAN CO., LTD. with SHAREHOLDER NO.8 as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect JHENG-CING WU, a Representative of HENG-SHAN CO., LTD. with SHAREHOLDER NO.8 as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect YEN-LING FANG with SHAREHOLDER NO.U220401XXX as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect PEI-ZEN CHANG with SHAREHOLDER NO.Q121117XXX as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect SHEN-KUO HSU with SHAREHOLDER NO.66605 as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jentech Precision Industrial Co. Ltd.</issuerName>
    <cusip>Y4432G115</cusip>
    <isin>TW0003653002</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>174000</sharesVoted>
    <sharesOnLoan>150000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>MediaTek, Inc.</issuerName>
    <cusip>Y5945U103</cusip>
    <isin>TW0002454006</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Business Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>96000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MediaTek, Inc.</issuerName>
    <cusip>Y5945U103</cusip>
    <isin>TW0002454006</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>96000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MediaTek, Inc.</issuerName>
    <cusip>Y5945U103</cusip>
    <isin>TW0002454006</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>96000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>MediaTek, Inc.</issuerName>
    <cusip>Y5945U103</cusip>
    <isin>TW0002454006</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect Hsiao-Wuen Hon with SHAREHOLDER NO. A120101XXX as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>96000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MediaTek, Inc.</issuerName>
    <cusip>Y5945U103</cusip>
    <isin>TW0002454006</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Directors</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>96000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Wiwynn Corp.</issuerName>
    <cusip>Y9673D101</cusip>
    <isin>TW0006669005</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect WILLIAM LIN, with SHAREHOLDER NO.0000187, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>84000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  <proxyTable>
    <issuerName>Wiwynn Corp.</issuerName>
    <cusip>Y9673D101</cusip>
    <isin>TW0006669005</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect JIAN-JANG HUANG, with ID NO.D120830XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>84000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Wiwynn Corp.</issuerName>
    <cusip>Y9673D101</cusip>
    <isin>TW0006669005</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Elect JACLYN TSAI, with ID NO.L201303XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>84000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Wiwynn Corp.</issuerName>
    <cusip>Y9673D101</cusip>
    <isin>TW0006669005</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Business Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>84000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Wiwynn Corp.</issuerName>
    <cusip>Y9673D101</cusip>
    <isin>TW0006669005</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>84000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  <proxyTable>
    <issuerName>Wiwynn Corp.</issuerName>
    <cusip>Y9673D101</cusip>
    <isin>TW0006669005</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>84000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Wiwynn Corp.</issuerName>
    <cusip>Y9673D101</cusip>
    <isin>TW0006669005</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>84000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Taiwan Semiconductor Manufacturing Co., Ltd.</issuerName>
    <cusip>Y84629107</cusip>
    <isin>TW0002330008</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>2497000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2497000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Taiwan Semiconductor Manufacturing Co., Ltd.</issuerName>
    <cusip>Y84629107</cusip>
    <isin>TW0002330008</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>2497000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2497000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approve Business Operations Report and Consolidated Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approve Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect WU, CHENG-HSUEH, with SHAREHOLDER NO.0000001, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect WU, YU-CHIN, with SHAREHOLDER NO.0000011, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect CHANG, CHIEH-WEN, a REPRESENTATIVE of INFINITY EMERGING MARKETS LIMITED., with SHAREHOLDER NO.0000025, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect KUO, MING-HUA, a REPRESENTATIVE of HENDERSON I YIELD GROWTH LIMITED., with SHAREHOLDER NO.0000024, as Non-Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect LEE, SU-YING, with ID NO.B220141XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect CHI, CHIH-YI, with ID NO.A127532XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect WU, MENG-TA, with ID NO.E122104XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Elect WANG, CHIH-WEN, with ID NO.L122183XXX, as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Amend Procedures for Lending Funds to Other Parties</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>EXTRAORDINARY TRANSACTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Gourmet Master Co. Ltd.</issuerName>
    <cusip>G4002A100</cusip>
    <isin>KYG4002A1004</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>476000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>476000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect SHEN, CHING HANG, a Representative of ZING HE INVESTMENT CO., LTD., with SHAREHOLDER NO.0044418, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect ONO RYOJI, a Representative of FURUKAWA ELECTRIC CO., LTD., with SHAREHOLDER NO.0000682, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect KAWABATA KENYA, a Representative of FURUKAWA ELECTRIC CO., LTD., with SHAREHOLDER NO.0000682 as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect KATOH SHIN, a Representative of FURUKAWA ELECTRIC CO., LTD., with SHAREHOLDER NO.0000682, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect KITANOYA, ATSUSHI, with SHAREHOLDER NO.1945100XXX as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect CHEN, YI CHEN, a Representative of CHENG LI INVESTMENT CO., LTD., with SHAREHOLDER NO.0288748, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect HUANG, CHIU MO, a Representative of XIANYAN INVESTMENT CO., LTD., with SHAREHOLDER NO.0318941, as Non-independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect UENG JOSEPH CHEHCHUNG, with SHAREHOLDER NO.U120038XXX as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect LIN, TZU YUN, with SHAREHOLDER NO.A227742XXX as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>ISSUER</voteSource>
    <sharesVoted>150000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>150000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Asia Vital Components Co., Ltd.</issuerName>
    <cusip>Y0392D100</cusip>
    <isin>TW0003017000</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Elect CHENG, CHUN JEN, with SHAREHOLDER NO.0062693 as Independent Director</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
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    <voteSource>ISSUER</voteSource>
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        <managementRecommendation>FOR</managementRecommendation>
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        <sharesVoted>150000</sharesVoted>
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        <sharesVoted>264000</sharesVoted>
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        <categoryType>CAPITAL STRUCTURE</categoryType>
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        <categoryType>COMPENSATION</categoryType>
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    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <categoryType>CAPITAL STRUCTURE</categoryType>
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    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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        <sharesVoted>137000</sharesVoted>
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    <isin>TW0006223001</isin>
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    <voteDescription>Approve Business Report and Financial Statements</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>120000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>MPI Corp.</issuerName>
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    <isin>TW0006223001</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
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      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
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    <sharesVoted>120000</sharesVoted>
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        <sharesVoted>120000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>MPI Corp.</issuerName>
    <cusip>Y6131E101</cusip>
    <isin>TW0006223001</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>120000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Lotes Co., Ltd.</issuerName>
    <cusip>Y53302116</cusip>
    <isin>TW0003533006</isin>
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    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Lotes Co., Ltd.</issuerName>
    <cusip>Y53302116</cusip>
    <isin>TW0003533006</isin>
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    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
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      <voteCategory>
        <categoryType>CAPITAL STRUCTURE</categoryType>
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    <voteSource>ISSUER</voteSource>
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        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Lotes Co., Ltd.</issuerName>
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    <isin>TW0003533006</isin>
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    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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        <sharesVoted>96000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
    <meetingDate>06/13/2025</meetingDate>
    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <vote>
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        <sharesVoted>1050000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
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    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
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        <categoryType>CAPITAL STRUCTURE</categoryType>
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    <vote>
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        <sharesVoted>1050000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
    <meetingDate>06/13/2025</meetingDate>
    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <vote>
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        <sharesVoted>1050000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
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    <voteDescription>Amend Procedures for Lending Funds to Other Parties and Endorsement and Guarantees</voteDescription>
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      <voteCategory>
        <categoryType>EXTRAORDINARY TRANSACTIONS</categoryType>
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    <sharesVoted>1050000</sharesVoted>
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    <vote>
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        <sharesVoted>1050000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
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    <voteDescription>Elect BARRY LAM, with Shareholder No. 1, as Non-independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>1050000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>1050000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
    <meetingDate>06/13/2025</meetingDate>
    <voteDescription>Elect C. C. LEUNG, with Shareholder No. 5, as Non-independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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        <sharesVoted>1050000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
    <meetingDate>06/13/2025</meetingDate>
    <voteDescription>Elect C. T. HUANG, with Shareholder No. 528, as Non-independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>1050000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>1050000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
    <isin>TW0002382009</isin>
    <meetingDate>06/13/2025</meetingDate>
    <voteDescription>Elect ELTON YANG, with Shareholder No. 138354, as Non-independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
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    <meetingDate>06/13/2025</meetingDate>
    <voteDescription>Elect HUNG CHING LEE, with Shareholder No. K120059XXX (K120******), as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <issuerName>Quanta Computer, Inc.</issuerName>
    <cusip>Y7174J106</cusip>
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    <meetingDate>06/13/2025</meetingDate>
    <voteDescription>Elect WAN WAN LIN, with Shareholder No. 586082 (A222******), as Independent Director</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteDescription>Elect CHI CHIH,LU, with Shareholder No. K121007XXX (K121******), as Independent Director</voteDescription>
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    <voteDescription>Approve Release of Restrictions of Competitive Activities of Directors</voteDescription>
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        <sharesVoted>1050000</sharesVoted>
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    <cusip>Y2848R113</cusip>
    <isin>TW0003131009</isin>
    <meetingDate>06/19/2025</meetingDate>
    <voteDescription>Approve Business Operations Report and Financial Statements</voteDescription>
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        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <vote>
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        <sharesVoted>252000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Grand Plastic Technology Corp.</issuerName>
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    <isin>TW0003131009</isin>
    <meetingDate>06/19/2025</meetingDate>
    <voteDescription>Approve Plan on Profit Distribution</voteDescription>
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    <issuerName>Grand Plastic Technology Corp.</issuerName>
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    <voteDescription>Approve Amendments to Articles of Association</voteDescription>
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